Current Affairs - 2019-20

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Discovered small field (DSF) auction happened recently. The term is related to oil sector.

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Suryoday Small Finance Bank with its tagline “A Bank of Smiles”, has recently launched its first branch in Belapur, Navi Mumbai.

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India is a USD 2 trillion economy with around 1.3 billion people.

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Asia’ s largest startup ecosystem congregation “Huddle Kerala” will be held at Kovalam near the Kerala capital ‘Thiruvananthapuram’ from April 6 and 7, 2018 to provide a platform for start-ups to pitch their products and interact with a wide array of technology and industry leaders from around the world. The main focus of Huddle Kerala will be on the emerging sectors like blockchain, cryptocurrency, internet of things (IoT), gaming and e-sports, cyber security, digital entertainment, augmented reality, virtual reality, e-governance and mobile governance among other latest technologies. The initiative, organised by the Kerala Startup Mission (KSUM) in association with the Internet and Mobile Association of India (IAMAI) and IAMAI Startup Foundation, is to have participation from 2,000 delegates, including start-up entrepreneurs, investors, industry leaders and academicians, with 40 speakers in 30 sessions.

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The 5/20 rule is a norm of the Indian Aviation Ministry according to which under which national carriers are required to have five years of operational experience and a fleet of minimum 20 aircraft to fly overseas. Recently, the Cabinet gave its approval for partial abolition of the 5/20 rule, which will enable new carriers like Vistara and Air Asia to start international operations sooner. The government has decided to scrap a requirement that mandated airlines to have five years of domestic operations to be eligible to fly overseas. However, an airline will have to allocate 20 aircraft or 20% of their total fleet of aircraft, whichever is higher, to the domestic sector if they wish to fly overseas. So in place of 5/20 rule, the new proposed options are like 0/10 and 0/20.

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Second option is the correct answer. The pollen seeds of this tree are said to cause respiratory problems.

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Recently, Scientists have discovered a new planet called Ross 128b that could possibly sustain life. This planet is located just 11 light-years away. It is a temperate planet that orbits a “quiet star”. It gets its name from the fact that it doesn’t spew out life-threatening bursts of radiation. The planet was discovered using ESO’s unique planet-hunting HARPS instrument.

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Recently, the government launched options trading in guarseed on the commodity bourse NCDEX. NCDEX is the second exchange after MCX to launch options trading in commodities. In October 2017, MCX had launched gold options. Guarseed is the first agri-commodity options.

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Monero (XMR) is an open-source cryptocurrency created in April 2014 that focuses on privacy, decentralisation and scalability.

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The Triffin dilemma, or Triffin paradox, is the idea that a national currency can create conflicts between short-term domestic and long-term international economic goals. The dilemma arises when a national currency also serves as an international reserve currency.
The dilemma was discovered in the 1960s by Belgian economist Robert Triffin. He argued that domestic and international policy goals don’t usually match. For example, if the United States stopped running balance of payments deficits, the international community would lose its largest source of reserves. This could cause a shortage of liquidity, which could lead to instability.
The dilemma points to the conflicts that can arise when a national currency plays a role as an international public good. The global reserve currency issuer issues the safest and most widely used global currency. Domestic monetary policy can have unintended consequences for both the domestic and global economies.