Monthly Current Affairs Quiz - November, 2018

Notes:
The world’s largest airport terminal “under one roof” has officially been opened in Istanbul on October 29, which marks the Republic Day of Turkey. It is dubbed as phase-1A of the project – Istanbul New Airport – will have a capacity to handle 90 million passenger per year. The first phase has costed 7.5 billion Euro. The airport has been envisioned to have a total capacity of up to 200 million passengers, once all four phases are completed in the next 10 years. The new terminal once fully functional by December-end will allow passengers to use its five pier blocks as well as 77 boarding gates and 143 aero-bridges. The new airport is located near the Black Sea coast on the Europe side of Istanbul. It features two runways, while 114 narrow body aircraft can dock with the terminal building at the same time. This new airport is also slated to become Turkish Airlines’ new hub.

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The Republic of Seychelles has launched the world’s first sovereign blue bond – a financial instrument designed to support sustainable marine and fisheries projects. The bond developed with the assistance of the World Bank & was placed to 3 investors: Calvert Impact Capital, Nuveen and Prudential. The blue bond has a US$5m guarantee from the World Bank, and is also supported by a US$5m concessional loan from the Global Environment Facility (GEF) which will partially cover interest payments.The blue bond demonstrates the potential for countries to harness capital markets for financing the sustainable use of marine resources. It will include support for the expansion of marine protected areas, improved governance of priority fisheries and the development of the Seychelles’ blue economy.

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Ntozake Shange (70), the noted African-American Playwright, poet and author, has passed away in Maryland, United States on October 27, 2018. Her most acclaimed theatre piece is the 1975 Tony Award-nominated play “For Colored Girls Who Have Considered Suicide/When the Rainbow is Enuf”, which describe the racism, sexism, violence and rape experienced by seven black women. She also penned several novels including Sassafrass, Cypress & Indigo , Liliane, and Betsey Brown.

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The World Vegan Day (WVD) is observed every year on November 1 to commemorate the holistic benefits of switching to veganism. Veganism is the practice of abstaining from consuming any animal products, including milk, curd, eggs, cheese, honey, and meat amongst other derived products.

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On November 1, the Union Cabinet has approved a proposal to rename the Jharsuguda airport of Odisha after eminent freedom fighter Veer Surendra Sai. Renaming of the Jharsuguda airport in his name will fulfill long-pending demand of the Odisha Government, which reflects the sentiments of the local public of the respective area. It will also be a befitting tribute to the contribution of the revered personality associated with the State. Veer Surendra Sai, who was born on 22nd January 1809 in Sambalpur district of the State, had sacrificed his life fighting against British East India company. He and his associates resisted the British and successfully protected most parts of Western Odisha region for some time from the British rule. Many of them were hanged by the British & a few died in the Cellular Jail in the Andamans. Surendra Sai died in Asirgarh Jail on 23rd May 1884.

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The Reserve Bank of India (RBI) has recently permitted banks to grant Partial Credit Enhancement (PCE), or a partial guarantee, to bonds issued by systematically important non-deposit taking Non-Banking Financial Companies (NBFC-ND-SIs) registered with the Reserve Bank of India and Housing Finance Companies (HFCs) registered with National Housing Bank. The move is aimed at enhancing the credit rating of the bonds and enabling these NBFCs to access funds from the bond market on better terms. PCE is expected to help NBFCs and HFCs raise money from insurance and provident or pension funds who invest only in highly-rated instruments. The proceeds from the bonds, whose tenor cannot be less than three years, backed by PCE from banks can only be utilised for refinancing the existing debt. The central bank has restricted the exposure of a bank through PCEs to bonds issued by each such NBFC or HFC to 1% of capital funds of the bank within the current single and group borrower exposure limits.

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According to India’s first-ever ‘Ease of Moving Index 2018’ – India Report 2018, Kolkata has topped the index in terms of cleanliness and affordability of public transport, followed by New Delhi and Chennai. The index offers insights on mobility preferences & aspirations of Indian commuters across 20 cities with a population of over 92 million. It was released by Ola Mobility Institute (OMI), the research and outreach arm of Ola ride-hailing platform. The 2018 report, which was released by the Union Minister for Surface Transport Nitin Gadkari, seeks to offer a comprehensive action plan for cities to further strengthen their public transportation systems and improve the overall state of mobility. Over 43,000 respondents from 20 cities across the country were surveyed. Cities were selected on five parameters — scale, character, culture, economy and geography. The report also assessed the accessibility, efficiency and safety of current transportation facilities. More than 95% of denizens prefer sustainable mobility and 80% observed transport ecosystem has improved over the last five years with 60% reporting using public modes of commute.

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Under the provisions of Article 124 of the Constitution, the President has recently appointed four new judges — Justices Hemant Gupta, R Subhash Reddy, M R Shah and Ajay Rastogi – of Supreme Court (SC). Chief Justice Ranjan Gogoi administered the oath of office to the four judges. The President’s assent was based on the recommendation of the Supreme Court Collegium consists of CJI Ranjan Gogoi, Justice Madan B Lokur, Justice Kurian Joseph, Justice A K Sikri and Justice S A Bobde. The apex court has a sanctioned strength of 31. With the elevation of these four new judges, the strength has risen from 24 to 28.

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On November 4, the National Seminar on Entrepreneurship and Business Development in Ayurveda was started at Dr. Ambedkar International centre in New Delhi. The 2-day seminar is being organised by Ministry of AYUSH in association with NITI Aayog with the aim of encouraging entrepreneurs and Ayurveda stakeholders towards businesses opportunities in the sector. The seminar is expected to develop awareness among stakeholders about business opportunities, encouraging young entrepreneurs to use modern technologies and highlight opportunities at global level. Experts in marketing, innovation, policymakers, experts in start-up as well as experienced entrepreneurs in Ayurveda pharmaceuticals and hospital industry will guide and share their experiences with the participants. Nearly 800 participants from across the country are expected to take part in the seminar.

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The World Tsunami Awareness Day (WTAD) is observed every year on November 5 to raise awareness about precautionary measures against tsunami and share innovative approaches to risk reduction. Along with risk of large loss of life, the day also highlight the economic losses tsunamis can inflict along vulnerable, densely populated coastlines, shown in red on this map. Tsunamis are rare events, but can be extremely deadly. In the past 100 years, 58 tsunamis have claimed more than 260,000 lives, which is the highest number of deaths than in any other natural hazard. The day was the brainchild of Japan, which due to its repeated, bitter experience has over the years built up major expertise in areas such as tsunami early warning, public action and building back better after a disaster to reduce future impacts.