Current Affairs Quiz - March, 2019

Notes:
The International Day of Happiness (IDH) is observed every year on 20th of March to recognise the importance of happiness in the lives of people around the world. The day is a good reminder that our world is changing. If we want to understand how we progress, why we sometimes fail & ultimately improve the quality of all our lives, then the pursuit of happiness may offer an answer. The 2019 theme “Happier Together” focuses on what we have in common, rather than what divides us. It is celebrated by all 193 UN Member States.

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Nursultan Nazarbayev, the longest-serving post-Soviet leader, has unexpectedly resigned as president of Kazakhstan after 29 years in power in a surprise public address on national television. But, he would remain the chairman of the country’s powerful security council, the leader of the Nur Otan party, which dominates parliament, and his official title as “The Leader of the Nation”. The move comes on the back of growing social discontent and an economy still recovering from an oil price plunge in 2014. Western sanctions against Russia, a key trading partner, have also hit the economy. Known as “Papa” to many Kazakhs, Nazarbayev has ruled the vast oil and gas-rich Central Asian nation since 1989, when it was still part of the Soviet Union. He has been Kazakhstan’s President since 1990 and was formally elected in 1991 after the fall of the Soviet Union. Kassym-Jomart Tokayev, speaker of the upper house of parliament, will take over as Kazakhstan’s acting president for the remainder of his term in line with the constitution.

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The Steel Authority of India Ltd (SAIL) has launched smart garbage bins made of stainless steel. These smart garbage bins will be able to send a signal to the garbage collection vehicle about the ‘fill-up’ position of the bin, aiding better cleaning and lower human intervention. The environment-friendly garbage bins will be made of SAIL SALEM stainless steel. These will be installed in underground Reinforced Cement Concrete (RCC) pits at the Smart Garbage Station. This will help prevent the spread of stink and diseases. There will be separate bins for recyclable and non-recyclable wastes. The pits in which the bins will be placed, will be covered with a pit cover fabricated out of stainless steel slip-free sheets. Suitable openings on the pit cover will allow the sanitation crew to dump the collected garbage into the stainless steel bins placed underground. SAIL will supply stainless steel garbage bins to Smart Garbage Stations at Bhikaji Cama Place in Delhi, which is being developed by the South Delhi Municipal Corporation (SDMC).

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Haku Shah (85), the renowned Indian artist, has passed away in Ahmedabad, Gujarat on March 21, 2019. He was best known for his themes of tribal and folk art. Born on 26th March 1934, Shah did his Masters in Fine Art under renowned artists like K G Subrahmanyam. A large part of his work was deeply influenced by tribal art and culture, as well as the Bhakti movement, especially its Nirguna poetry. Shah was also a cultural anthropologist. He carried out extensive field research and documentation on rural and tribal arts and crafts, traditions and folk lore, and established a tribal museum at Gujarat Vidyapith. Fondly known as “Haku bhai”, the award-winning artist also set up the first of its kind Crafts Village – Shilpgram in Udaipur in Rajasthan in the 1980s. Shah, who published his memoirs, “Manush” in 2009, received several awards including the Padma Shri (1989), the Jawarharlal Nehru Fellowship and the Kala Ratna for his contribution to art.

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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.

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India’s deepest shaft cave has been discovered at Krem Um Ladaw in East Khasi Hills district of Meghalaya during the 28th edition of the annual ‘Caving in the Abode of the Clouds Expedition’. The cave has a 105 m deep shaft entrance passage. The cave has a 105 m deep shaft entrance passage. This comes a year after the discovery of the world’s longest sandstone cave – Krem Puri – near the village of Laitsohum in Mawsynram region of East Khasi Hills district of Meghalaya. With a length of 24,583 metres, Krem Puri was discovered back in 2016 but the actual length of the cave was obtained by the Meghalaya Adventurers’ Association (MAA) during one of its expeditions. The cave system has fossils of dinosaurs, especially the Mosasaurus, a giant reptile that lived 66-76 million years ago. With all these discoveries , Meghalaya has become one of the top caving regions of the world.

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Researchers from the University of Arkansas and Argonne National Lab in the US have identified more cost-effective and efficient ways of producing hydrogen fuel by splitting water. They showed that nano-particles composed of nickel and iron are better alternatives than more costly materials when used as catalysts in the production of hydrogen fuel through water electrolysis. The team demonstrated that using nanocatalysts composed of nickel and iron increases the efficiency of water electrolysis, the process of breaking water atoms apart to produce hydrogen and oxygen and combining them with electrons to create hydrogen gas. When nanoparticles composed of an iron and nickel shell around a nickel core are applied to the process, they interact with the hydrogen and oxygen atoms to weaken the bonds, increasing the efficiency of the reaction by allowing the generation of oxygen more easily.This marks a step toward making water electrolysis a more practical and affordable method for producing hydrogen fuel. Current methods of water electrolysis are too energy-intensive to be effective.

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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.

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The Financial Technology (Fintech) Conclave has been organized by NITI Aayog in New Delhi and was inaugurated by Reserve Bank of India (RBI) Governor Shaktikanta Das. The objective of the conclave is to shape India’s continued ascendancy in FinTech, build the narrative for future strategy and policy efforts, and to deliberate steps for comprehensive financial inclusion. Nearly 300 Representatives from across the financial space – central ministries, regulators, bankers, startups, service providers and entrepreneurs are participating in the conclave. India is one of the fastest growing FinTech markets globally and industry research has projected that USD 1 Trillion or 60% of retail and SME credit, will be digitally disbursed by 2029. The Indian FinTech ecosystem is the third largest in the globe, attracting nearly USD 6 billion in investments since 2014.

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Chennai Super Kings star Suresh Raina has scripted history as he became the first cricketer in the history of the Indian Premier League (IPL) to score 5,000 runs. He reached the milestone during the first match of the 2019 IPL season against Royal Challengers Bangalore at MA Chidambaram Stadium in Chennai. Raina has 5000 runs from 177 matches at a strike-rate of 138.15 including 35 fifties and one hundred.