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Daily G.K. - Top Stories

19 Nov 2014

INTERNATIONAL AFFAIRS

World Bank Approves $285 Million to Fight Ebola

  • The World Bank has approved a grant of $285 million to finance the three West African countries hardest hit by the Ebola crisis.
  • The grant is part of the one billion dollars of financing announced by the World Bank for Guinea, Liberia and Sierra Leone.
  • The financing will enable the three countries to deploy additional national and international health workers, scale up community-based care and community engagement for early detection of suspected Ebola cases.
  • A previous World Bank analysis showed that if Ebola continues to surge in these three countries and spread to neighbouring countries.
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ENVIRONMENT

Wetlands Facing Threat in India

  • Basai Wetland of Gurgaon in Haryana, one of the important bird areas of country, is facing threat of being lost forever. Located close to national capital Delhi, migratory bird count of this wetland has shown a decline, mainly because of habitat loss due to human encroachment.
  • A study conducted by Bombay Natural History Society (BNHS) has revealed that at least 10 Important Bird and Biodiversity Areas (IBAs) - as they are now called globally - are in serious danger of being lost forever.
  • Some of the major reasons behind the loss of biodiversity and habitat in these and other areas are destruction or disturbance due to infrastructure development, wrong anti-people conservation policies, indiscriminate livestock grazing beyond traditional pastoral lands, industrial and sewage pollution, indiscriminate agricultural expansion including use of pesticides, rapid urbanization and poaching.
  • Commenting on the issue, Dr Raju Kasambe, Project Manager, IBA Programme, BNHS said, "Unfortunately in India, nearly 50% of the IBAs are not getting any sort of official recognition from the government agencies."
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BUSINESS AND ECONOMY

Government Re-launches Kisan Vikas Patra

  • With the objective to raise savings in the country, the government has re-launched Kisan Vikas Patra (KVP), an instrument which will provide trusted option of investment to poor and keep them off ponzi schemes.
  • In the last 2-3 years, the savings rate in country has declined from a record high of 36.8 percent to below 30 percent due to slowdown in the economy.
  • KVP would serve two purposes, one it would help inexperienced investors to channelise their savings towards trusted government schemes instead of some ponzi schemes.
  • Secondly, there is an urgent need to raise savings for nation building. Such saving instruments not only earn interest but help in development of the country.

FII Investments via P-Notes Surge to $43 billion in October

  • Investments into domestic shares through participatory notes (P-Notes) surged to the highest level in more than six-and-half years at Rs 2.65 lakh crore in October.
  • According to the data released by the Securities and Exchange Board of India (SEBI), the total value of P-Note investments in Indian markets (equity, debt and derivatives) rose to Rs. 2,65,675 crore at the end of October from Rs. 2,22,394 crore in September.
  • This is the highest level since February 2008, when the cumulative value of such investments stood at Rs. 3,22,743 crore.
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SCIENCE & TECHNOLOGY

IBM Launches New Email Service ‘Verse’

  • International Business Machine Corp has launched a new e-mail application for businesses that integrates social media, file sharing and analytics to learn a user's behavior and predict interactions with coworkers.
  • The application is part of IBM's attempt to shift its focus to cloud computing and data analytics from the hardware services that had long been the company's bread and butter.
  • The new e-mail service, known as IBM Verse, includes a built-in personal assistant that can learn from a user's behavior and draft responses to e-mails based on similar previous interactions.
  • It also allows users to transform e-mail content into threads for blogs and social media, view the relationships between different employees in an e-mail, mute a chain and search through attachments.
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SPORTS

Terry Walsh Quits as Indian National Hockey Coach

  • Indian hockey national coach Terry Walsh quit from his post after the demands put by him were not met by the Indian authorities.
  • Walsh, whose current contract with the Indian team will end on November 19, is likely to fly back to Australia without taking his resignation back.
  • A fresh proposal will be sent by Hockey India to Terry Walsh for consideration.
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NATIONAL AFFAIRS

First Case of Ebola in the Country

  • An Indian national returning from Liberia has tested positive for the deadly virus and has been quarantined at a special facility at Delhi airport.
  • The man, who reached here on November 10, was already treated for the deadly disease in the African country and carried no symptoms but tests of his semen samples were positive, prompting authorities to put him under isolation.
  • This is the first confirmed case of Ebola, though the victim contracted the virus abroad and has already been treated.
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