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:
Indian Coast Guard Ship ‘INS Vijit’ has become the first-ever Coast Guard ship to visit Indonesian port of Sabang on March 17, 2019. The ship is commanded by Comdt T Ashish (0532-J), who is a long Navigation Direction officer. The 4-day visit of INS Vijit highlighted the close proximity between the two countries and the strengthening cooperation in maritime security and safety. During its maiden voyage officers and crew of Vijit will hold interaction with officials of Bakamla (Indonesian Coast Guard), Indonesian Armed Forces and the civil administration at Sabang. It is the another step forward in implementation of “Shared Vision of Maritime Cooperation in the Indo Pacific”. ‘Vijit’ meaning “Winner or Victorious” is the testimony of India’s shipbuilding capabilities and the resolve of Govt of India to safeguard country’s maritime interests. Earlier, in July 2018, Indian naval ship INS Sumitra visited Sabang and highlighted the maritime proximity between India and Indonesia.

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:
Recently, Italian Premier Premier Giuseppe Conte has pledged to make Italy the first Group of Seven nation to join China’s ambitious Belt and Road initiative, despite objections from the United States and concerns within his governing coalition. While, on 20th March 2019, India signalled that it will boycott China’s second Belt and Road Forum (BRF) for a second time. It stated that no country can participate in an initiative that ignores its core concerns on sovereignty and territorial integrity. India boycotted the first BRF in 2017 after protesting to Beijing over the controversial China-Pakistan Economic Corridor (CPEC) which is being laid through the Pakistan-occupied Kashmir (PoK) overriding New Delhi’s sovereignty concerns. China has already deepened its commitment to expand the USD 60 billion CPEC, which aims to connect China’s Xinjiang province with Pakistan’s Gwadar port with a host of road, rail, gas and oil pipelines.

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:
The World Water Day (WWD) is observed every year on 22nd March to tackle the global water crisis in households, schools, workplaces and farms. This day is also celebrated as a means of focusing attention on the importance of freshwater and advocating for the sustainable management of freshwater resources. an opportunity to learn more about water related issues, be inspired to tell others and take action to make a difference. Water is an essential building block of life. It is more than just essential to quench thirst or protect health; water is vital for creating jobs and supporting economic, social, and human development. The 2019 theme ‘Leaving no one behind’ is the central promise of the 2030 Agenda for Sustainable Development. The aim of Sustainable Development Goal 6 (SDG 6) is to ensure availability and sustainable management of water for all by 2030. By definition, this means leaving no one behind.

Notes:
Indian technology company Infosys has signed a three-year partnership agreement with Roland-Garros to provide technology solution for tennis tournament The French Open, also called Roland-Garros. The 3-year deal, running from 2019 to 2021, is aimed at enriching the game by providing fans, players and coaches with a new experience leveraging Infosys’ expertise in digital technologies such as artificial intelligence, big data and analytics, mobility, virtual and augmented reality. As part of the partnership, Infosys and Roland-Garros will work on several new digitally-enabled experiences. These include a re-imagined fan experience powered by data and analytics, which will enable fans to follow live scores, “feel the pulse” of live matches, delve deeper into match analytics and understand what ultimately influenced the outcome of the match. The tool will be available on the official Roland-Garros website during the tournament.

Notes:
In football, India has clinched the SAFF Women’s Championship for the fifth time in a row. In thefinal, they defeated hosts Nepal 3-1 at Biratnagar on 22nd March 2019. In the first half, Dalmia Chhibber of India scored the first goal of the match which was equalled by Nepal’s Sabitra Bhandari at the 33rd minute. In the second half, Grace Dengmei scored the second goal at 63rd minute and Anju Tamang scored third and decisive goal in the 76th minute. This was India’s 23rd straight victory in the championship since its inception in 2010. India has clinched all five editions of SAFF championship.

Notes:
Researchers at Purdue University in the US, including one of Indian origin, have developed a new process to remove nearly all traces of oil in produced water — a byproduct from the oil refinery and extraction process. The process uses activated charcoal foam and subjects it to solar light to produce heat and purify the water. The foam absorbs the oil contaminants from the water. Ashreet Mishra, a graduate research assistant at the Purdue University, said that this is a simple, clean and inexpensive treatment process. The process meets all environmental standards for clean water from industrial sources and had a total organic carbon of 7.5 milligrams per litre. Another advantage is that the oil absorbed by the foam can be recovered efficiently. The researchers were able to recover up to 95% of the oil that was absorbed. The process could be integrated with existing disposal systems to purify a large amount of water and reduce the current stress on water grids.

Notes:
In Mumbai, ESPNcricinfo has partnered with IIT Madras to launch ‘Superstats’, a next level artificial intelligence tool that can analyse cricket statistics through machine learning. The tool will forecast if and how a player’s or a team’s performance can turn around a game, on real time. Superstats will analyse the game of cricket on a combination of stats metrics- Luck index, Forecaster and Smart Stats using data science for the first time to give a context to every event in a game and also venture into new territories such as luck and forecasting. According to IIT researchers, the algorithms process data to quantify the impact of luck and analyse the real value of a player’s performance in the game of cricket on real time. Apart from forecasting, it also reveals trends and patterns during a game as the actual match data is fed on real time. For this, Superstats uses the vast ball-by-ball database of ESPNcricinfo, which has more than a decade of detailed data, and scientific methods, processes and complex algorithms based machine learning. This work was led by Raghunathan Rengaswamy and Mahesh Panchagnula of IIT-Madras along with the ESPN team.