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Daily G.K. - Top Stories

28 Apr 2015

INTERNATIONAL AFFAIRS

Seychelles 161st Member of WTO

  • The World Trade Organisation welcomed Seychelles as its 161st member, ending 20 years of negotiating its accession terms.
  • In March, President of Seychelles James Michel signed the "instrument of acceptance" of Seychelles` accession protocol, confirming its membership terms.
  • This is a major step forward in the trade integration of Seychelles into the rules-based multilateral trading system and the global economy.

The US and Japan Revise Defence Ties

  • The United States and Japan unveiled new rules for defence cooperation that will give Japanese armed forces a more ambitious global role amid concerns over China`s rising sway.
  • As per the revised guidelines, Japan could come to the aid of US forces threatened by a third country or, for example, deploy minesweeper ships to a mission in the Middle East.
  • According to reports, the new doctrine is not aimed at China, there has been increasing concern over moves by Beijing to try to scoop up disputed areas of the South China and East China Seas.
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BUSINESS AND ECONOMY

Government Cancels Licences of 8,975 NGOs

  • After suspending the FCRA registration of Greenpeace India and putting foreign donor Ford Foundation on the watch list, the government has now cancelled the licences of 8,975 NGOs for failing to file annual returns for the years 2009-10, 2010-11 and 2011-12.
  • In a cancellation order issued, the Union home ministry recalled that it had issued notices to 10,343 NGOs in October last, stating that they should file their annual returns within a month, specifying amount of foreign funds received, sources of such funds, the purpose for which these were received and the manner in which such foreign contribution was utilized. However, only 229 NGOs reverted to the home ministry. Their replies are being examined on case to case basis.

FDI limit Hiked in Pension Sector to 49%

  • The government has raised the limit of foreign direct investment in pension sector to 49 per cent in line with the FDI cap in the insurance sector.
  • In pursuance of the enactment of Insurance Regulatory & Development Authority Act, 2013, government has decided to permit FDI in the pension sector.
  • The FDI cap in the sector has been hiked to 49 per cent and that includes foreign investment in the forms of FPI, FII, QFI, FVCI, NRI and DR.
  • As per reports, no government approval is required till 26 per cent. But FIPB nod would be needed for investment beyond 26 per cent and up to the cap of 49 per cent.
  • All investments in the pension sector will have to abide by the pension sector regulator -- PFRDA.
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SCIENCE & TECHNOLOGY

Facebook, Google Tools to Locate People

  • With many searching their loved ones after the Nepal earthquake, Google has launched its 'person finder' tool and Facebook has activated its 'safety check' feature to help locate and report missing persons.
  • Google Person Finder is an application that helps people reconnect with friends and loved ones in the aftermath of natural and humanitarian disasters.
  • A link to the application has been provided on Google's home page www.Google.Com.Np. You can click on the 'Resources related to Nepal Earthquake' link below the search bar.
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SPORTS

India Not to Bid for 2024 Olympics

  • In a meeting between International Olympic Committee President Thomas Bach and India Prime Minister Narendra Modi, it was decided that India will not bid for 2024 Olympic Games.
  • The International Olympic Committee thought that it would be too soon for the country to host a successful Games as the national Olympic body has come out of suspension only last year.
  • Boston, Hamburg and Rome are already declared bidders for 2024 Olympics.

Lee Chong Wei Handed Backdated Ban

  • Malaysian shuttler Lee Chong Wei was handed a backdated eight-month ban for doping by the Badminton World Federation, keeping alive the former world number one`s dream of winning gold at the Rio Olympics next year.
  • Lee Chong Wei had been under a provisional suspension since November after testing positive for anti-inflammatory drug dexamethasone during the world championships three months earlier.
  • Lee, one of Malaysia`s favourite sporting sons, remains his country`s top ranked shuttler and was nominated last week for Malaysia`s 2014 sportsman of the year award.
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NATIONAL AFFAIRS

Six cities Responsible for Half the Sewage Discharge into the Ganga

  • More than half the total sewage discharged into the Ganga every day comes from six big cities with Kolkata, Kanpur and Varanasi leading the pack. They are three of the total 118 towns\cities that fall in the vast basin of the country's national river. The other three cities which figure at the top are Patna, Allahabad and Moradabad.
  • Together they present a gigantic task before the government which aims to bring these cities to a stage where each drop of sewage water they generate can be used by different agencies\sectors including industries and municipal bodies after treatment.
  • The task, under the proposed 'zero discharge policy' of the Centre, however, looks much more difficult at a time when more than two-thirds of the sewage generated in these 118 towns get discharged into the Ganga untreated.

India Undertake Exploration of Essential Nuclear Fuel Source

  • India is undertaking exploration of rare earth element (REE) monazite, an essential source of nuclear fuel, and has already set up a plant in Odisha for processing the mineral.
  • Monazite is an atomic mineral and contains thorium an essential nuclear fuel.
  • Monazite is a mineral of Thorium and REE and the only commercial source of REE in the country.
  • India has the highest monazite reserve in the world with 11.39 million tonnes but stopped production since 2004 after cheap monazite became available from China.
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