GK & Current Affairs Quiz: August 03-04, 2019

Notes:
President Ram Nath Kovind has been awarded the National order of Merit by the President of Guinea for his exceptional contribution to the advancement of overall relations and development of mutual cooperation between India and Guinea and for promoting friendship and partnership between the people of both the countries. This is the highest award of Republic of Guinea. Beside this, 3 MoUs were signed between the two countries viz. Cooperation in the Field of Traditional System of Medicine, e- Vidhyabharati – e-Aarogya Bharati Network Project and Renewal Energy. President Kovind also announced a new Line of Credit of US$ 170 million for Water Supply Project of Conakry city. Both countries also agreed on the need for reform of the UN Security Council to make it reflective of contemporary realities.

Notes:
The United States has officially withdrawn from Intermediate-Range Nuclear Forces (INF) Treaty with Russia. The INF Treaty is a Cold War-era missile treaty that was signed by then US President Ronald Reagan and Soviet leader Mikhail Gorbachev in 1987. The treaty banned both countries from deploying land-launched cruise missiles in the 500- to 5,500-km range. It was a key to ending the arms race between the (then) two super powers and helped protect the U.S.’s NATO allies in Europe from Soviet missile attacks. The reasons for withdrawal are as follows: the Trump and Obama administrations have repeatedly alleged that Russia was violating the treaty by fielding a ground-based cruise missile – the Novator 9M729 (“SSC-8” in NATO terminology) that could strike Europe at a short notice, an allegation that Russia has repeatedly denied.

Notes:
On August 3, Gujarat Chief Minister Vijay Rupani launched the ‘Vhali Dikri Yojna’ in Rajkot for the welfare of girl child. It is a statewide cash incentive scheme for every girl child born in Gujarat, with a view to raising the female birthrate at par with male to achieve gender equality. According to scheme, the State Government will pay Rs. 4,000 to every girl child at the time of admission to Standard 4th, Rs. 6,000 at the time of taking admission to Standard IX, Rs. 1-lakh at the time of taking admission for higher education at the age of 18 and another Rs. 1-lakh at the time of marriage. Approx, Rs.133-crore has been allocated for this scheme.

Notes:
The State Bank of India’s (SBI) Shanghai branch has become the first Indian bank to link up with China’s National Advance Payment System (CNAPS). After being a member of the CNAPS, SBI Shanghai can also offer real time transfer of local funds within China by routing them through the PBOC. It eliminates the need of tie up and maintenance of accounts with multiple Banks for fund transfer. The CNAPS provides real-time settlement services for all payments cleared in mainland China, as well as in all clearing banks in offshore yuan centers, such as Hong Kong. The CNAPS system is complemented by its international counterpart, the CIPS (China International Payments System or Cross-Border Inter-Bank Payment System), launched in 2015 with the aim of boosting international use of the Chinese currency, yuan. The CNAP was launched in 2008 by People’s Bank of China (PBOC).

Notes:
Devadas Kanakala (75), the veteran Telugu actor, has passed away in Hyderabad on August 3, 2019. Hailed from Yanam (neighbouring East Godavari district of Andhra Pradesh) in Pondicherry, Kanakala began his career about five decades ago. He acted in about 100 films and would be best remembered for ‘O Seetha Katha’, ‘Siri Sirmuvva’, ‘Gorintaku’ and ‘Gang Leader’. He was also well-known to have trained South Indian megastars – Rajinikanth, Chiranjeevi and Rajendra Prasad – through his film institute.