Current Affairs Quiz - March, 2019

Notes:
Jammu-born film director and novelist Ved Rahi has been selected for prestigious ‘Kusumagraj’ national award for literature. The award is instituted by the city-based Yashwantrao Chavan Maharashtra Open University (YCMOU) and carries a cash prize of Rs 1 lakh, a memento and a citation. It is named after Jnanpith-laureate Marathi poet and playwright late VV Shirwadkar, popularly known as ‘Kusumagraj’. Born in Jammu in 1933, Rahi has penned seven novels in Dogri. He was given the Sahitya Akademi award for his Dogri novel, ‘Aale’ in 1983. Rahi also made the film ‘Veer Savarkar’ (2001), a biopic on the life of revolutionary Vinayak Damodar Savarkar. He was director of the 1991 Doordarshan television serial, ‘Gul Gulshan Gulfaam’. Rahi has written dialogues for several Bollywood movies, including ‘Bezuban’, ‘Charas’ and ‘Mom ki Gudiya’.

Notes:
As per the latest report by the World Gold Council (WGC), India has the 11th largest gold reserve with the current holding pegged at 607 tonnes. However, India is the world’s largest consumer of gold. The top slot is occupied by the U.S., which boasts of gold reserves of 8,133.5 tonnes, followed by Germany with 3,369.7 tonnes. Italy and France complete the top five lists with reserves of a little over 2,400 tonnes each. India’s overall position in terms of total gold holding would have been tenth had the list included only countries. Whereas, International Monetary Fund (IMF) is included and is third on the list with total gold reserves of 2,814 tonnes. Pakistan, with its gold reserves of 64.6 tonnes, occupies the 45th position. The WGC is market development organization for the gold industry. It is headquartered in London, United Kingdom (UK).

Notes:
Erode turmeric (of Tamil Nadu) has finally got a Geographical Indication (GI) tag on 6th March 2019, which will help the farmers and traders from the region to claim sole rights over the famed ‘Erode Manjal’. The Geographical Indication Registry of India granted the coveted status based on the application filed by ‘Erode Manjal Vanigarkal Matrum Kidangu Urimaiyalargal Sangam’. The GI tag is granted to products that are special for a particular geographical area and prevents misuse of the popularity of the products by others. ‘Erode Manjal’ is famous across the globe. The cultivar is called Erode local, i.e., Chinnanadan. Erode turmeric is a rhizome, both finger and bulb obtained from the Erode local cultivar. The crop is grown in hot moist conditions prevalent in the area with temperature ranging from 20 degrees to 37.9 degrees Celsius with an average of 600 to 800 mm rainfall in a year. The turmeric thrives best on the loamy or alluvial soils. Quality parameters of the turmeric included 2.5 to 4.5% of curcumin content, a golden yellow colour and resistance to pests after boiling.

Notes:
M R Kumar has been appointed the new Chairman of Life Insurance Corporation of India (LIC) and will hold the post for a period of five years. Prior to this post, he was Zonal Manager (in-charge) of North Zone. LIC is the largest insurance company in India headquartered in Mumbai. It was founded in 1956 when the Parliament of India passed the Life Insurance of India Act that nationalised the private insurance industry in India. Over 245 insurance companies and provident societies were merged to create the state owned Life Insurance Corporation.

Notes:
Indo-Oman joint military exercise titled “Al Nagah III 2019” has started at Jabel regiment headquarters, Nizwa, in the Arab country. The exercise is scheduled to end on March 25 at Jabel Al Akhdar Mountains. The Omani contingent was represented by Jabel Regiment of the Royal Army of Oman (RAO) while the Indian side was represented by troops of the Garhwal Rifles Regiment. The Indian Army contingent is represented by four officers, nine junior commissioned officers and 47 other ranks. The aim of this exercise is to enhance interoperability in counter terrorist operations in semi urban mountainous terrain.

Notes:
Recently, a study titled “Hotspots of human impact on threatened terrestrial vertebrates” published in the journal PLOS Biology has reported that human impacts on species occur across 84% of the earth’s surface. A team of scientists led by James Allan (University of Queensland) found this when they mapped the distribution of 8 human activities — including hunting and conversion of natural habitats for agriculture — in areas occupied by 5,457 threatened birds, mammals and amphibians worldwide. Malaysia has been ranked first among the countries with the highest number of impacted species (125), followed by Brunei and Singapore. India ranks 16th in such human impacts, with 35 threatened species impacted on average. The Southeast Asian tropical forests including those in India’s Western Ghats, Himalaya and north-east — are among the ‘hotspots’ of threatened species. These affected areas are also ‘cool-spots’ (the world’s last refuges where high numbers of threatened species still persist). They could be result of protection or because of intact habitat.

Notes:
The Austrian capital Vienna has topped the Mercer’s index of most liveable cities for the 10th year in a row, followed by Zurich in Switzerland. In joint third place are Auckland, Munich and Vancouver. Luxembourg was the safest city in the world. In 105th place, Chennai ranks as the Asia-Pacific region’s safest city, while Karachi (226) is the least safe. According to Mercer’s 21st annual Quality of Living Rankings, Hyderabad and Pune have been named the most liveable city in India with rank 143rd. New Delhi featured at the 162nd position on the list, Mumbai at 154 and Bengaluru at 149. The 21st edition of the annual survey evaluated 231 cities across the globe between September and November last year based on 39 factors including political stability, healthcare, education, crime, recreation and transport. This year, Mercer provided separate rankings for personal safety, analysing the cities’ internal stability, crime levels, law enforcement and limitations on personal freedom. The ranking influences cities’ abilities to attract business.

Notes:
In Maharashtra, the 10-day long Africa-India Joint Field Training Exercise (AFINDEX-19) between the Indian Army and 16 African nations will be conducted in Pune from March 18 to 27. The purpose of the exercise is to train the participating contingents in Humanitarian Mine Assistance (HMA) and Peace Keeping Operations (PKO) under the United Nations Charter. In addition to the participating nations from the African continent, officers from Rwanda, Democratic Republic of Congo and Madagascar would attend the exercise as Observers. The joint exercise will cover the dynamics of raising a Mission headquarters, nuances of establishing military observer team sites in disturbed areas. The nuances of HMA being covered will include establishment and functioning of Mine Action Teams (MAC), identification and survey of contaminated areas and mechanical / manual demining techniques. The exercise is expected to greatly facilitate sharing of Indian Armed Forces experiences in United Nations Peace Keeping operations with countries in Africa and shall significantly enhance relations with the African continent.

Notes:
Maate Mahadevi (74), Head of Basava Dharma Peetha at Kudalasangama and a prominent Lingayat leader, has passed away in Bangalore, Karnataka on March 21, 2019. Installed as ‘Jagadguru’ in the 1970s, Maate Mahadevi launched several educational and religious institutions and published several books. She holds the 12th century woman poet Akka Mahadevi, who also wrote vachanas, as her role model. Beside this, she was at the forefront of the movement demanding separate religion status for the Lingayat community that erupted in the state in 2017-18 and had angered Veerashaiva seers and leaders.

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.