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Daily G.K. - Top Stories

27 Dec 2014

INTERNATIONAL AFFAIRS

UK Overtakes France in Global Wealth League

  • Britain's multi-billion pound sex and illegal drug industries have helped the UK leapfrog France to become the world's fifth largest economy.
  • The latest global economic league tables includes a £10 billion boost in UK earnings from drugs and sex - which earlier this year led to Brussels issuing a £1.7 billion bill to the Treasury.
  • New figures from the Centre for Economic and Business Research (CEBR) also forecast that the UK economy will pass Germany's after 2030, for the first time since 1954, with a declining population identified by researchers as a "likely weakness" for the European industrial powerhouse.
  • Biggest economies: Top 10 2014

1. United States (last year: 1)

2. China (2)

3. Japan (3)

4. Germany (4)

5. United Kingdom (6)

6. France (5)

7. Brazil (7)

8. Italy (9)

9. India (10)

10. Russia (8)

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ENVIRONMENT

How Species Shapeshift to Tackle Climate Change

  • Some species can quickly shapeshift to cope with climate change without having to migrate or evolve, shows a research.
  • A mustard plant in the Rocky Mountains alters its physical appearance and flowering time in response to different environmental conditions, the findings showed.
  • The shifts in organisms' physical traits due to changing conditions is called phenotypic plasticity, which allows for different looking organisms without changing their genetic code.
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BUSINESS AND ECONOMY

Sebi Permits Bangalore Stock Exchange to Exit from Stock Markets

  • Sebi allowed Bangalore Stock Exchange (BgSE) to exit as a bourse from the capital markets.
  • BgSE had made a request to Sebi for its exit as stock exchange on October 8, 2013.
  • Giving it permission to exit, Sebi has directed BgSE to change its name and not to use the expression "Stock Exchange" or any variant of this expression in its name and to avoid any representation of present or past affiliation with the stock exchange, in all media, among others.
  • Additionally, BgSE has to provide details to the Ministry of Corporate Affairs on identifying vanishing companies which were listed on the exchange.

Trevor Bull Appointed as CEO and MD of Aviva India Life Insurance

  • Trevor Bull has been appointed as the Chief Executive Officer (CEO) and Managing Director (MD) of Aviva India Life Insurance Ltd.
  • He succeeded TR Ramachandran who led Aviva India since October 2008. Bull will take charge of the post from January 2015.

2 Decades On, Re. 1 Notes Set to Make a Comeback

  • One rupee currency notes are set to make a comeback after two decades, although in a different colour.
  • Instead of the familiar indigo, the new Re 1 notes will be predominantly pink-green on the front and back in combination with others, a finance ministry notification said.
  • Unlike other currency notes, the Re. 1 notes will be issued by the government. As was the norm earlier, the currency note will be signed by the finance secretary, while the Reserve Bank of India governor will continue to sign notes of all other denominations.
  • It contains the words 'Bharat Sarkar' above the words 'Government of India' with the year 2015 on the representation of the Re. 1 coin with the rupee symbol having floral design, while other currency notes have RBI printed on them.
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SCIENCE & TECHNOLOGY

Now, Apps to Help Autistic Kids Learn Social Skills

  • A US-based start-up is developing Google Glass apps and hardware add-ons that can help autistic kids learn social and communication skills, while also providing feedback to caregivers.
  • The Cambridge, Massachusetts-based startup called Brain Power was founded by neuroscientist Ned T. Sahin.
  • Sahin believes Google Glass is ideal for helping kids with autism because it has an accelerometer chip that enables head gestures, which Brain Power uses to track when kids look or don't look at their parents, as well as stereotypy, or the repetitive movements which many people with autism make.
  • Brain Power's Google Glass apps - Empowered Brain Suite for Autism- encourages kids to interact with their parents and make eye contact by presenting exercises like a game.
  • The apps have "social engagement module monitors" that assess how a child engaged with parents.
  • Other areas the suite will tackle include language. When a child looks at something through Google Glass, the object is identified and its name displayed and spoken through the Glass's earbud.
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SPORTS

ISRO's Radhakrishnan in Nature Journal's Top Ten List

  • Dr. K. Radhakrishnan, Chairman of the Indian Space Research Organisation (ISRO) has become one of the 2014 top ten scientists chosen by the prestigious journal Nature.
  • This is the first time in the recent past that the journal has chosen an Indian working in India. He is listed along with other people like Andrea Accomazzo, the Rosetta flight operations director, European Space Agency.
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NATIONAL AFFAIRS

Now, a Bazaar at Women Prison

  • Direct sale of consumer products manufactured by women prisoners to public has become a reality with the commissioning of the Prison Bazaar at the entrance of the Special Prison for Women in Tiruchirapalli, Tamil Nadu.
  • This is the first prison bazaar to have been opened up at a Special Prison for Women in the State which accounts for three such jails situated at Puzhal in Chennai, Tiruchi and Vellore.
  • The newly opened bazaar will sell a slew of products produced by the inmates lodged in the Special Prison for Women located near the Gandhi Market area.
  • In addition to products made by women prisoners, the bazaar would sell a range of items made by the male prisoners lodged in the Central Prison here.
  • Profit accrued through sale of products would be distributed as wages to the women convicts involved in this micro-level industrial activity.
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