Current Affairs Quiz - March, 2019

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:
For the first time, Uttar Pradesh has undertaken census of otters in its protected areas. The exercise that began in the Pilibhit Tiger Reserve (PTR) will be completed by the end of March 2019. Otters are an important part of the forest ecosystem. A thriving population of otters means a healthy river ecosystem. These mammals, listed in schedule II of the Wildlife Protection Act of 1972, are rarely seen due to their extremely shy nature. They feed on fish, bird eggs and small creatures like frogs. The den of an otter is known as holt and it is close to water bodies. The PTR is in the foothills of the Himalayas, south of Nepal. Covering an area of approximately 800 square kilometres, the reserve sprawls across parts of Pilibhit, Lakhimpur Kheri and Bahraich districts. With the Sharda and Ghaghara rivers encircling a considerable part of the reserve, it is rich in water bodies. The forests of PTR are to home to tigers, leopards, elephants, different species of deer and monkeys and reptiles like snakes, mugger crocodiles and gharials.

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:
The first-ever joint military exercise of Shanghai Cooperation Organization (SCO) titled “Sary Arka Antiterror 2019” is scheduled to be held in grasslands of Kazakhstan in the Sary Arka region. The decision to hold the joint exercise ‘Sary-Arka-Antiterror 2019’ was announced during the 34th meeting of the SCO’s Regional Anti-Terrorist Structure (RATS) council held in Tashkent, Uzbekistan. The SCO, in which China plays an influential role, is also comprised of Kazakhstan, Kyrgyzstan, Russia, Tajikistan, Uzbekistan, India and Pakistan. India and Pakistan were admitted into the bloc in 2017. Delegations of the competent authorities of India, Kazakhstan, China, the Kyrgyz Republic, Pakistan, Russia, Tajikistan, Uzbekistan and the RATS Executive Committee attended the meeting. RATS is a permanent organ of the SCO which serves to promote cooperation of member states against the three evils of terrorism, separatism and extremism. It is headquartered in Tashkent. The next meeting of the Council of the RATS SCO is scheduled to be held in Russia in September 2019.

Notes:
Prof. Karen Uhlenbeck of the University of Texas at Austin has become first woman to win the Abel Prize, one of the world’s most prestigious international mathematics awards. The award is sometimes called the Nobel Prize of mathematics. She has been awarded the 6 million Norwegian kroner ($700,000) prize for her work in the fields of geometric partial differential equations, gauge theory and integrable systems and for the fundamental impact of her work on analysis, geometry and mathematical physics. The prize was first awarded in 2003 to honor the 19th-century Norwegian mathematician Niels Henrik Abel.

Notes:
Kazakhstan has officially renamed its capital Astana to Nursultan to honour outgoing leader Nursultan Nazarbayev who stepped down as President after three decades in office. The change was announced after Kassym-Jomart Tokayev was sworn-in as president. He will serve for the remainder of the presidential term which expires in April 2020. Mr. Nazarbayev ruled Kazakhstan since before it gained independence with the 1991 collapse of the Soviet Union. He steered the country through a major transformation, developing huge energy reserves and boosting its international influence, but was accused of cracking down on dissent and tolerating little opposition. Mr. Nazarbayev will continue to enjoy significant powers thanks to his Constitutional status as “Leader of the Nation”, life-time position as chief of the security council and head of the ruling Nur Otan party. Astana was previously known as Akmola, Tselinograd and Akmolinsk.

Notes:
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.

Notes:
On 21st March, Italy’s PRISMA Earth observation satellite launched into orbit by the European Vega rocket from the Guiana Space Center in Kourou, French Guiana. PRISMA (or Precursore Iperspettrale della Missione Applicativa) is a small hyperspectral imaging satellite i.e. designed to provide information about environmental monitoring, resources management, pollution and crop health. The satellite includes a medium resolution camera that can view across all visual wavelengths, as well as a hyperspectral imager that can capture a wider range of wavelengths between 400 and 2500 nanometers. The satellite will operate in a sun-synchronous orbit, meaning that it circles the Earth in such a way that the sun is always in the same position as the satellite takes pictures of the planet below. PRISMA has been constructed by OHB Italia and will be operated by the Italian Space Agency “Agenzia Spaziale Italiana (ASI)”.

Notes:
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.

Notes:
The Langkawi International Maritime Aero Expo (LIMA-2019) has started in Langkawi, Malaysia from 26 March 2019 to 30 March 2019. Indian Air Force (IAF) is participating in the Maritime Aero Expo for the first time, during which it will showcase its indigenously developed Light Combat Aircraft (LCA)-Tejas. The participation of IAF in LIMA-2019 will provide an opportunity to air-warriors to interact with their Royal Malaysian Air Force (RMAF) counterparts and foster close relationship between the two services. This will serve as a foundation for any future interaction with the Malaysian Air Force. It will also provide an opportunity to RMAF to assess the capabilities of LCA.