GK & Current Affairs Quiz: May 05-06, 2019

Notes:
The World Press Freedom Day (WPFD) is observed every year on 3rd May as an opportunity to celebrate the fundamental principles of press freedom, assess the state of press freedom throughout the world, defend the media from attacks on their independence, and pay tribute to journalists who have lost their lives in the line of duty. The 2019 theme “Media for Democracy: Journalism and Elections in Times of Disinformation”, discusses current challenges faced by media in elections and its potential in supporting peace and reconciliation processes. The 26th celebration of World Press Freedom Day (WPED-2019) is jointly organized by UNESCO, African Union Commission and the Government of Ethiopia. The main event is being held at the African Union Headquarters at Addis Ababa.

Notes:
The Generalized System of Preference (GSP) is the largest and oldest US trade preference programme and is designed to promote economic development by allowing duty-free entry for thousands of products from designated beneficiary countries. Recently, it is in news because a group of 25 influential American lawmakers has urged the US Trade Representative – Robert Lighthizer – not to terminate the GSP programme after the expiry of the 60-day notice on 3rd May 2019. They argued that terminating GSP for India would hurt American companies seeking to expand their exports to India. They also urged to continue negotiating a deal that protects and promotes jobs that rely on trade – both imports and exports – with India. President Donald Trump announced on March 4, the US intends to terminate India’s designations as a beneficiary developing country under the GSP programme.

Notes:
On the occasion of World Press Freedom Day (WPFD-2019), Vienna-based International Press Institute (IPI) said in its latest report that as many as 55 journalists have been killed since May 2018. Press freedom globally is under intense and growing pressure, as illiberal-minded governments seek to shut down critical voices and, in many cases, deliberately erode the credibility of independent media. According to a global network of journalists, Governments across the world are increasingly clamping down on press freedom as new laws are being enacted to curtail media independence. around the world. While on the one hand governments are attempting to curtail press freedom, on the other journalists around the world are being killed with impunity.

Notes:
World No. 1 Bajrang Punia won the gold at the 2019 Ali Aliyev wrestling tournament. In the final of men’s 65kg freestyle, he defeated Viktor Rassadin inin Kaspiisk, Russia on May 2. Bajrang got the better of the local favourite 13-8 in his final bout after being down 0-5 at one stage. The 25-year-old Indian grappler had won a gold medal last week at the Asian Championships in Xi’an, China.

Notes:
M Jayshree Vyas, a professionally-qualified chartered accountant, has been appointed as the first independent woman director of Bombay Stock Exchange (BSE). Though still late by at least a few weeks from the deadline of April 1 given to all top 500 listed companies based on their market capitalisation for appointing an independent woman director on their board. The delay happened as BSE was awaiting market regulator SEBI’s approval on the appointment. As of April 6, 51 of the top 500 NSE-listed companies by market capitalisation (including BSE) did not have independent woman director, according to nseinfobase.com run by Prime Database. In March alone, about 50 companies made a beeline to appoint an independent woman director. BSE already has two non-executive women directors namely Usha Sangwan and Rajeshree Sabnavis on its Board. The Companies Act of 2013 mandates a certain class of companies to have at least one woman director on board. SEBIs, in compliance with the Companies Act 2013, made it compulsory to have at least one woman on a board from October 2014.