GK & Current Affairs Quiz: March 26 2019

Notes:
The Reserve Bank of India (RBI) has recently appointed 5-member committee under the chairmanship of Nandan Nilekani to further deepen digital payments and enhance financial inclusion through Fintech. The panel would assess the current levels of digital payments in financial inclusion, suggest measures to strengthen the safety and security of digital payments, provide a road map for increasing customer confidence to use digital transactions, and suggest a medium-term strategy for deepening of digital payments. Financial technology (often shortened to Fintech) is computer programs and a new technology innovation that aims to compete with traditional financial methods in the delivery of financial services. The committee will submit its report in 90 days from its first meeting.

Notes:
India has moved up two places to rank 76th on a global energy transition index 2019. This annual list, compiled by Geneva-based World Economic Forum (WEF), has ranked 115 economies on how well they are able to balance energy security and access with environmental sustainability and affordability. Sweden remains on the top on this annual list and is followed by Switzerland and Norway in the top three. Among major economies, the UK is ranked 7th, Singapore 13th, Germany 17th, Japan 18th and the US 27th. Within Asia, Malaysia is ranked highest at 31st, Sri Lanka is 60th, Bangladesh 90th and Nepal 93rd. The report said that India is amongst the countries with high pollution levels and has a relatively high CO2 intensity in its energy system. Despite this, India has made significant strides to improve energy access in recent years, and currently scores well in the area of regulation and political commitment towards energy transition. The report suggested there was a ground for optimism regarding India despite the current outdated energy system not being ready for the transition because an enabling environment is being built to support the future transition.

Notes:
The World Meteorological Day (WMD) is observed every year on 23rd of March to mark the establishment of World Meteorological Organization (WMO) on this day in 1950. This year, the organisation is celebrating its 69th anniversary. The 2019 theme ‘The Sun, the Earth and the weather” recognizes the critical role that the Earth’s nearest star plays in what transpires on the planet. The energy that the Sun sends towards the Earth is taken up by all life forms to perform their biological functions. It also regulates global climate, which, in turn, influences local weather conditions. The same energy is also absorbed by the oceans which carry it around the planet, creating further conditions for diverse marine life to exist.

Notes:
Australian researchers, at the Australian Research Council (ARC) Centre of Excellence for Nanoscale BioPhotonics, have developed a new automated non-invasive technique for diagnosing eye surface cancer. The novel technique involves custom-building of an advanced imaging microscope linked with computing and Artificial Intelligence (AI) operations. It results in an automated system that is able to successfully identify between diseased and non-diseased eye tissue, in real-time, through a simple scanning process. The new technique scans natural light given off by specific eye cells — diseased cells — that have their own unique ‘light-wave signature’. This new technique offers the potential to reduce the need for biopsies, prevent therapy delays, and make treatment far more effective for patients. Eye surface cancer, also known as Ocular Surface Squamous Neoplasia (OSSN), is a common malignancy of the cornea and conjunctiva parts of the eye.

Notes:
The International Day for the Elimination of Racial Discrimination is observed every year on 21st of March to redouble its efforts to eliminate all forms of racial discrimination. This day commemorates the lives that have been lost to fight for democracy and equal human rights in South Africa during the Apartheid regime (a regime which embraced racial discrimination). The 2019 theme is “Mitigating and countering rising nationalist populism and extreme supremacist ideologies”. The United Nations General Assembly (UNGA) has also reiterated that all human beings are born free and equal in dignity and rights and have the potential to contribute constructively to the development and well-being of their societies.