Current Affairs Quiz - March, 2019

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.

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Bengaluru FC won the 5th edition of the Indian Super League (ISL-2019) by defeating FC Goa 1-0 in the final at the Mumbai Football arena on 17th March 2019. It’s their first-ever ISL title. The two teams were locked 0-0 after 90 minutes. Even the first extra time saw no goals but Bengaluru got better of a 10-men Goan team 1-0, 4 minutes from the end of the second extra half. In it, Bengaluru FC defender Rahul Bheke became the match winner for the team in the dying minutes of the final.

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.

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The World Intellectual Property Organization (WIPO) has recently released the 2018 report on patents filed by members of its Patent Cooperation Treaty (PCT). The United Nations (UN) data shows the United States remained the leading individual country for patent applications in 2018. But on a regional basis, Asia’s surge continued. It’s a sign of innovation shifting from west to east because more than half of all international patent applications filed last year came from Asia. In the main category-the PCT, the US led the way with 56,142 applications, followed by China (53,345) and Japan (49,702). Germany and South Korea came in a distant fourth and fifth, with fewer than 20,000 applications each. India registered the largest innovation jump of any country last year. Patent applications jumped more than 27% – from 1,583 in 2017 up to 2,013. Chinese telecommunications behemoth Huawei also set new record for the number of patent applications filed a single corporation in one year with 5,405. Patent filings are seen as a measure of the spread of science and technology in a country. Patent protection also provides monopoly rights to the inventor.

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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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:
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.

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Ministry of Corporate Affairs (MCA) has recently released the National Guidelines on Responsible Business Conduct (NGRBC). These guidelines urge businesses to actualize the principles in letter and spirit. For this purpose, the National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business, 2011 (NVGS) have also been revised. According to the guidelines, businesses should conduct and govern themselves with integrity in a manner that is ethical, transparent and accountable. Businesses should provide goods and services in a manner that is sustainable and safe. It should also respect and promote the well-being of all employees, including those in their value chains.

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The Sree Chitra Tirunal Institute of Medical Sciences and Technology (SCTIMST) has recently developed an anti cancer anti-inflamatory drug conjugated to the human serum Albumin. It is an intravenous delivery system, enabling 100 fold increase in drug bio-availability and is a mix of human serum albumin and a plant based drug. This combination is the first of its kind as human albumin which is more compatible to the human body is being used. Clinical trials in humans have to be completed and results assessed as the ensuing steps towards commercialisation. The institute has also developed the technology of isothermal based DNA amplification device to detect TB bacterium in sputum samples in less than 30 minutes. Nearly 2-3 million people are infected with Tuberculosis and the prevalence of totally drug resistant TB (TDR-TB) is very high in India. The TB screening device employs a nucleic acid amplification technique to detect TB in less than 30 minutes with high specificity and without false positives. It can simultaneously screen 20 patient samples in one assay and at considerably lower cost than the existing devices ( costs approx Rs 2500/ sample). The device will also help in mass screening of population of people for TB at a substantially low cost.

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On 1st of April 2019, the Indian Space Research Organisation (ISRO) will launch a 436 kg electronic intelligence satellite Emisat for the Defence Research Development Organisation (DRDO) along with 28 satellites of international customers from the spaceport of Sriharikota. It will also demonstrate its new technologies like three different orbits with a new variant of PSLV rocket ‘PSLV-C45’. Emisat is a satellite based on ISRO’s Indian Mini Satellite -2 (IMS-2) bus platform. It has been developed for monitoring radar network by India and is intended for electromagnetic spectrum measurement. It will be placed in an orbit of about 753 km altitude. The customer payloads are from Lithuania, Spain, Switzerland and the US. They will be hurled into space at an altitude of about 505 km.