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Daily G.K. - Top Stories

19 Aug 2015

INTERNATIONAL AFFAIRS

Mahinda Rajapaksa Concedes Defeat

  • Former Sri Lankan President Mahinda Rajapaksa conceded defeat even before the official announcement of the results.
  • The Rajapaksa-led UPFA was defeated by the United National Party, led by incumbent Prime Minister Ranil Wickremesinghe.
  • As per Rajpaksa, his dream of becoming Prime Minister has faded away.

EU Migrant Crisis

  • According to new figures, a record 107,500 migrants crossed the European Union`s borders last month, arriving in dramatically increasing numbers and creating a humanitarian crisis for the 28-nation bloc.
  • As per the EU border agency, the latest figures far outstripped the previous monthly record in June of 70,000.
  • This is an emergency situation for Europe that requires all EU member states to step in to support the national authorities who are taking on a massive number of migrants at its borders.
  • The EU has approved 2.4 billion euros ($2.6 billion) of funding to help member states cope with the flood of migrants.
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ENVIRONMENT

Global warming Halts Ocean Cooling

  • New research shows that global warming caused by human activities has halted the 1,800 years of steady cooling trend in the oceans of the world.
  • Today, the Earth is warming about 20 times faster than it cooled during the past 1,800 years.
  • This study highlights the profound effects we are having on our climate today.
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BUSINESS AND ECONOMY

India's Turn to Become Factory of the World

  • As per a Chinese media, it is now India's turn to emerge as the factory of the world, citing the economic downturn in China forcing companies to turn to India for manufacturing.
  • Plans from Xiaomi and Foxconn to invest in India point to strong movement of Chinese firms to cash on growing Indian market.
  • Xiaomi Corp. launched its first made-in-India handset a week ago while its Redmi 2 Prime is being assembled by Taiwanese contract manufacturer Foxconn which has signed an agreement worth USD five billion to expand its R&D facilities in India.

ICICI Bank Launches Digital Locker

  • ICICI Bank launched the first of its kind fully automated digital locker, which would be available to customers even on weekends and post banking hours. The locker named 'Smart Vault', is equipped with multi-layer security system, including biometric and PIN authentication and debit cards, among others. Customers can access it without any intervention by the branch staff.
  • The 'Smart Vault' is an example of 'Make In India' programme as it has been designed and manufactured by Indian partners.
  • The vault uses robotic technology to access the lockers from the safe vault and enables customers to access their lockers at any time.

Moody's Cuts India's Growth Forecast

  • Moody's Investors Service cut its forecast for India's economic growth to around 7 percent this year from 7.5% because of lower than expected rainfalls in the ongoing monsoon season.
  • Moody's maintained its forecast of around 7.5 percent increase in gross domestic product (GDP) for 2016, but pointed to risks ahead that include delays to the government's reform plans.
  • Moody's rates India at its lowest investment grade rating of Baa3.
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SCIENCE & TECHNOLOGY

Cassini Spacecraft Zip past Saturn's Moon Dione

  • NASA’s Cassini spacecraft zipped past Saturn’s moon Dione for its last time, in search of direct evidence that the moon is geologically alive and active.
  • During its mission to Saturn, Cassini has flown close to the icy moon Dione four times.
  • Cassini’s cameras and spectrometers will offer NASA scientists a high-resolution look at Dione’s North Pole from this flyby. The data will give scientists better knowledge of the moon’s internal structure.
  • Cassini’s closest-ever flyby of Dione was in December 2011, at a distance of 60 miles.
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