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Daily G.K. - Top Stories

04 Aug 2015

INTERNATIONAL AFFAIRS

US Widens Sanctions on Syria

  • The United States widened sanctions on Syria, targeting individuals and entities, saying that they are providing energy products used by the Assad regime in fighting its own people.
  • Many of these entities are front companies that the Government of Syria and its supporters have used in an attempt to evade US and EU sanctions.
  • The sanctions freeze any US assets of the individuals and entities and bar Americans from any transactions with them.
  • These targeted sanctions intensify the economic and financial pressure on the Syrian government to cease its campaign of violence against its people.
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ENVIRONMENT

Climate Change

  • US President Barack Obama has unveiled what he called "the biggest, most important step we have ever taken" in tackling climate change.
  • The aim of the revised Clean Power Plan is to cut greenhouse gas emissions from US power stations by nearly a third within 15 years.
  • The measures will place significant emphasis on wind and solar power and other renewable energy sources.
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BUSINESS AND ECONOMY

Bharat Forge Posts 35 % Increase in First Quarter

  • Bharat Forge (BFL) reported a 35 per cent growth in its net profit for the quarter ended 30th June 2015 at Rs. 195.4 crore. The company’s top-line grew 14.2 per cent to Rs. 1,128.4 crore while the operating profit was up 23.5 per cent at Rs. 359 crore. BFL registered strong performance with revenues growing 14 per cent on back of 21 per cent growth in exports.
  • According to the company, a gradual pick up in the economy with a revival in the infrastructure sector, increased clearances of road projects and opening of mining sector could be a significant driving force for volume growth in the remaining part of the year for commercial vehicles.

Jump in FDI in Petroleum and Gas Sector

  • Foreign Direct Investment (FDI) in petroleum and natural gas sector witnessed an almost 10-time jump in 2014-15 as compared to the preceding fiscal, touching Rs. 6,473.22 crore.
  • As per Union Minister, the government is encouraging foreign investment to supplement domestic investment and technological capabilities.
  • Over the last three financial years, the sector attracted FDI worth more than Rs. 8,375 crore.
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SCIENCE & TECHNOLOGY

Three Super-earths Discovered

  • A new "secret" planetary system that includes three super-earths and one outer giant planet has been discovered at a distance of just 21 light years from Earth.
  • The system named HD219134, in the constellation Cassiopeia hosts one outer giant planet and three inner super-earths, one of which transits in front of the star.
  • The transiting super-earth has a density similar to the Earth's. It is by far the closest transiting planet known today
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NATIONAL AFFAIRS

Land Bill: BJP Does U-turn

  • In a major climb down from its stated position, BJP appears to have agreed to restore key provisions of UPA's land law including those related to consent and social impact assessment.
  • The committee, headed SS Ahluwalia, has sought time till 7th August to submit its report on the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (Second Amendment Bill), 2015.
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