Current Affairs Quiz - March, 2019

Notes:
The World Consumer Rights Day (WCRD) is observed every year on March 15 to promote the basic rights of all consumers and empower them. It also gives people a chance to protest against the market abuses and social injustices. The day was inspired by former US President John F Kennedy, who was the first leader in the world to address the issue of consumer rights in a special message sent to the US Congress on 15th March 1962. The 2019 theme is ‘Trusted Smart Products’ has been chosen in view of the increased popularity of smart gadgets like smart phones to wearable fitness trackers, to voice-activated assistants and smart TVs. In India, we observe the National Consumer Day (NCD) on 24th of December every year.

Notes:
The Supreme Court of India (SCI) has appointed senior advocate P.S. Narasimha as mediator for resolving various disputes related to cricket administration in the country. Narsimha is also assisting the apex court as amicus curiae in the BCCI matter. A bench of Justices S.A. Bobde and A.M. Spare also asked Mr. Narasimha to look into the dispute relating to release of funds by the court appointed committee of administrators to various cricket associations. In addition, the Supreme Court has also directed that no Court or Tribunal in India shall entertain or proceed with any matter pertaining to BCCI or any State Cricket Association(s) till Narsimha submits his report. Earlier, the apex court had appointed its former judge Justice (retd) D K Jain, as the first court-appointed ombudsman for Board of Control for Cricket in India (BCCI).

Notes:
The State Bank of India (SBI), ICICI Bank and HDFC Bank would have to comply with additional capital requirement norms by 1st April 2019 as the banks continue to be in the Reserve Bank of India (RBI)’s list of Domestic Systemically Important Banks (D-SIBs) for 2018. D-SIBs are required to maintain higher capital as compared to other banks. It means that these banks are too big to fail and failure of any of these banks will have cascading effect on Indian financial system. The D-SIB framework requires the RBI to disclose the names of banks designated as D-SIBs starting from 2015 and place these banks in appropriate buckets depending upon their Systemic Importance Scores (SISs). SIBs are subjected to higher levels of supervision so as to prevent disruption in financial services in the event of any failure.

Notes:
The 3rd edition of Namaste Thailand Festival (NTF-2019) was held at Select Citywalk in New Delhi on March 15, 2019. The 3-day fest was organised by the Royal Thai Embassy with an aim to strengthen bilateral ties and increase cultural exchange between India and Thailand. The festival featured stage performances by Thai artistes including the much popular Thai folk-jazz band Asia-7. Along with the traditional Thai cuisines, the Namaste Thailand festival will feature a series of Thai craft activities including mulberry paper mini umbrella making, fan painting, body paint, and button badge making.

Notes:
Delhi-based Journalist and author, Raghu Karnad has won the 2019 Windham-Campbell Prize under non-fiction category for his debut book ‘The Farthest Field: An Indian Story of the Second World War’ in London. Hence, Karnad has become the 2nd Indian to receive the prestigious prize, since Jerry Pinto won it for his novel ‘Em And The Big Hoom’ in 2016. Karnad is one of the 8 winners chosen across four categories—fiction, non-fiction, drama and poetry— this year. Each of the eight winners won $165,000 as prize money to support their writing. In terms of the award money, Windham-Campbell Prize is one of the richest literary awards worldwide. The Windham-Campbell Prize was established in 2013 by writer Donald Windham to honour his late partner Sandy Campbell. It is now co-presented by the Beinecke Rare Book and Manuscript Library at Yale University.

Notes:
Exercise MITRA SHAKTI is conducted annually as part of military diplomacy and interaction between armies of India & Sri Lanka. The joint exercise for the year 2018-19 will be conducted from 26 March to 08 April 2019 in Sri Lanka. Troops from 1st Battalion the BIHAR Regiment of the Indian Army and Gemunu Watch Battalion of Sri Lankan Army would be jointly undertaking the exercise. The aim of the exercise is to build and promote close relations between armies of both the countries and to enhance ability of joint exercise commander to take military contingents of both nations under command. The exercise will involve tactical level operations in an international Counter Insurgency and Counter Terrorist environment under United Nations mandate.

Notes:
In its latest Global Economic Outlook (GEO), Fitch Ratings has recently cut India’s economic growth forecast for the financial year FY20 starting April 1, to 6.8% from its previous estimate of 7%, on weaker than expected momentum in the economy. According to Fitch, the RBI has adopted a more dovish monetary policy stance and cut interest rates by 0.25 percentage at its February 2019 meeting, a move supported by steadily decelerating headline inflation. Fitch Ratings cut India’s FY19 GDP growth forecast to 7.2% from 7.8% on December 6. The rating agency has also cut growth forecasts for FY20 and FY21 to 7% from 7.3% and 7.1% from 7.3%, respectively.

Notes:
The International Day of Forests is observed every year on 21st of March to celebrate and raise awareness of the importance of all types of forests. It also seeks to highlight vital role played by forests in poverty eradication, environmental sustainability and food security. The 2019 theme is “Forests and Education”. This year, the International Day of Forests promotes education to Learn to Love Forests. It underscores the importance of education at all levels in achieving sustainable forest management and biodiversity conservation. Healthy forests mean healthy, resilient communities and prosperous economies.

Notes:
Hindi writer Leeladhar Jagudi will be honoured with the Vyas Samman 2018 by the KK Birla Foundation for his collection of poems “Jitne Log Utne Prem”. The book, published in 2013 was selected by a Chayan Samiti presided over by litterateur Dr. Vishwanath Prasad Tiwari. Born in Dhangal village in Tehri Garhwal of Uttarakhand, Mr. Jagudi was awarded the Padma Shri in 2004 apart from other awards, including the Sahitya Akademi Award, Akashvani National Award, Uttar Pradesh Hindi Institute and Uttarakhand Gaurav Samman. The Vyas Samman, started in 1991 is given to an outstanding literary work in Hindi authored by an Indian citizen which has been published in the last decade. The award carries an amount of Rs. 4 lakh.

Notes:
The World Poetry Day (WPD) is celebrated every year on 21st of March across the world to recognize the unique ability of poetry to capture the creative spirit of the human mind. . The day was adopted in 1999 during UNESCO’s 30th session held in Paris. The observance of the day is also meant to encourage a return to the oral tradition of poetry recitals, to promote the teaching of poetry, to restore a dialogue between poetry and the other arts such as theatre, dance, music and painting, and to support small publishers and create an attractive image of poetry in the media, so that the art of poetry will no longer be considered an outdated form of art, but one which enables society as a whole to regain and assert its identity.