Monthly Current Affairs Quiz - August, 2018

Notes:
The Union Government has constituted a high level empowered committee to address the issues of stressed thermal power projects. The committee will be headed by Cabinet Secretary, Pradeep Kumar Sinha with representatives from the Ministry of Railways, Ministry of Finance, Ministry of Power, Ministry of Coal and the lenders having major exposure to the power sector. The Committee would look into the various issues with a view to resolve them and maximize the efficiency of investment including changes required to be made in the fuel allocation policy, regulatory framework, mechanisms to facilitate sale of power, ensure timely payments, payment security mechanism, changes required in the provisioning norms/Insolvency and Bankruptcy Code (IBC), Asset Restructuring Company (ARC) Regulations and any other measures proposed for revival of stressed assets so as to avoid such investments becoming NPA.

Notes:
The first ‘Nepal-India Think Tank’ Summit was held in Kathmandu on July 31 to foster greater collaboration and knowledge-sharing among the think tanks of the two countries. It was inaugurated by Pushpa Kamal Dahal ‘Prachanda’, the former Prime Minister of Nepal and Co-Chairman of ruling Nepal Communist Party. The summit was jointly organized by the Asian Institute of Diplomacy and International Affairs (AIDA) and Nehru Memorial Museum Library (NMML). The purpose of the summit was to support the networks and promote mutual understanding through institutional collaboration on resource sharing for joint events / publications among think tanks of the two countries. The participants including think tanks, policy makers, diplomats, academicians, businesspersons and journalists deliberated on the Indo-Nepal ties and its dimensions in different sessions.

Notes:
The first cow sanctuary in Rajasthan will be situated in Napasar, Bikaner to dedicate the entire area for cows, much on the lines of a wildlife sanctuary. It will provide shelter for 10,000 bovines spread over an area of more than 220 hectares in Bikaner district. The facilities in the sanctuary will include hospitals and Sewan grass as fodder for the animals. The state government has recently signed a Memorandum of Understanding (MoU) with a private trust in this regard. The cow sanctuary will be the latest in a string of initiatives announced by the BJP government in the state for the protection of bovines since it came to power in 2013. The state already has a ministry dedicated to the welfare of cows and last year it had announced a 10% surcharge on stamp duty towards cow protection.

Notes:
The 2018 BRICS Film Festival took place in Durban, South Africa, along with the International Durban Film Festival (DIFF) from 22-27th July. The last day of the festival was celebrated as India Country Day, followed by Awards and Closing Ceremony. The basic aim of film festival is to celebrate world-class film productions from the BRICS nations with the objective of inspiring more collaboration from these nations. The festival screened four Indian Films, ‘Newton’ and ‘Village Rockstars’ in the competition section, and Sandeep Pampally’s ‘Sinjar’ and Jayara’s ‘Bhanayakam’ in the non-competition section. “Newton”, directed by Amit Masurkar, bagged the best film award, while “Village Rockstars” (directed by Rima Das) won the Best Actress (Bhanita Das) and Special Jury Award in the BRICS Film Festival 2018.

Notes:
The Ministry of Electronics and Information Technology (MeitY) has launched a desktop software ‘e-Aksharayan’ for converting any scanned or printed Indian language documents into a fully editable text format in Unicode encoding. The text can be also saved separately. The application is free of cost and supports editing in 7 Indian languages viz. Hindi, Bangla, Malayalam, Gurmukhi, Tamil, Kannada & Assamese.

Notes:
Raveendran Kasthuri, a Kannur native, has assumed charge as new CEO of the Uralungal Labour Contract Co-operative Society Ltd (ULCCS) on August 6. ULCCS is one of the largest Co-operative Societies in India. Earlier, he was with IBM as its vice president and head of integrated operation. The ULCCS was formed in 1925 by the eminent social reformer Guru Vagbhatananda in a remote hamlet called Uralungal in Kozhikode district, as a novel mass movement against the anarchies of the caste system prevalent in those days. The society has now grown to be one of the biggest Labour Contract Societies in the country, providing direct employment to more than 6000 workers from rural areas. It is now having an asset worth Rs 99402 lakhs.

Notes:
The Telangana government has signed pact with Tech Mahindra to establish the Blockchain district in Hyderabad, a first-of-its-kind Centre of Excellence for Blockchain. The MoU was signed during the 3-day International congress at HICC in Hyderabad. Initially it would be a virtual cluster, connecting with the stakeholders working in the emerging technology. It would have a physical building at a later phase. Tech Mahindra, as a founding member of the Blockchain district, will provide platform and technology assistance to all the incubators in the district. Eleven01 Foundation will develop an India-specific protocol that will define the standards for usage of Blockchain. Besides, the International Institute of Information Technology, Hyderabad (IIIT-H) will make part of its protocol development research to the virtual cluster of Blockchain district.

Notes:
NITI Aayog’s International Conference on “Sustainable Growth through Material Recycling: Policy Prescriptions”was held at Pravasi Bharatiya Kendra in New Delhi on August 6, 2018. It was inaugurated by the Union Minister of Road Transport, Highways & Ganga Rejuvenation, Nitin Gadkari. The day long conference brought together a host of experts for identifying policy prescriptions for the development and growth of material recycling in India towards creating more jobs, reduce dependence on exports, protect the environment and take steps towards adopting circular economy concepts.

Notes:
Muthuvel Karunanidhi (94), the former Tamil Nadu Chief Minister and DMK patriarch, was the author of the Tamil historical novel “Thenpandi Singam”. The novel was based on a legendary story of Valukku Veli, a Petty chief ruling Paganeri Nadu. Karunanidhi, who passed away in Chennai on 7th August 2018, became the chief minister in 1971, 1989, 1996 and 2006. He was a legislator for six decades since 1957, when he won for the first time from Kulithalai constituency, till 2016, when he emerged victorious from Tiruvarur as a 92-year-old, barring the period between 1986 and 1989. Apart from politics, Karunanidhi penned screenplays and dialogues for over 50 movies. He also wrote the stories of some of them like Marudanattu Ilavarasi (1950) Mandiri Kumari (1950), Tirumbipar (1953) and Arasilangkumari (1961).

Notes:
The 4th edition of National Handloom Day (NHD-2018) is celebrated every year in India on August 7 to honour Indian handloom weavers and celebrate the rich cultural legacy of handlooms in the country. The handloom industry is one of the largest cottage industries in India. It provides direct and indirect employment to thousands of people across regions. The 7th of August has been chosen to celebrate the day due to its special significance in India’s history. It was on this day that the Swadeshi Movement was launched in 1905. The movement involved revival of domestic products and production processes.