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Daily G.K. - Top Stories

11 Oct 2015

INTERNATIONAL AFFAIRS

Thousands Demonstrate in Berlin against EU-US Free Trade Deal

  • Hundreds of thousands of people rallied in Berlin against the massive free-trade accord being negotiated by the European Union and the United States.
  • Talks on the pact between the US and 28-nation EU -- which would be the world's biggest trade deal if completed -- began in 2013 and the two sides aim to conclude them by 2016.
  • Campaigners are particularly angered over Washington's insistence that as part of the pact, private companies be allowed to sue governments before special tribunals.

KP Sharma Oli elected new Nepal Prime Minister

  • KP Sharma Oli was elected as the next Prime Minister of Nepal defeating incumbent Sushil Koirala in a contest which became necessary after parties failed to forge a consensus amid violent protests over the country's new Constitution.
  • 63-years-old Oli was elected chief of the CPN-UML last year. He was chief of party's International Department before being elected to the top position of the party.
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ENVIRONMENT

Sea Turtles Face Deadly Risk

  • As per researchers, increasing plastic pollution, all species of marine turtles face the grave risk of losing their population.
  • When turtles ingest plastic, they can suffer intestinal blockage that can result in malnutrition which can in turn lead to poor health, reduced growth rates, lower reproductive output and even death.
  • As per a study, the annual global plastic production has grown from 1.5 million tonnes to 299 million tonnes in the last 65 years and as a result plastic pollution is increasing, both on land and at sea.

World will bypass 2C global warming limit despite carbon pledges: Experts

  • Experts have warned that pledges by nations to cut carbon emissions will fall far short of those needed to prevent global temperatures rising by more than the crucial 2C by the end of the century.
  • A rise of 2C is considered the most the Earth could tolerate without risking catastrophic changes to food production, sea levels, fishing, wildlife, deserts and water reserves.
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BUSINESS AND ECONOMY

Indirect Tax Revenue Reflects Robust Growth

  • Growth in collection of indirect taxes in the first half of the current fiscal shows robust GDP expansion.
  • Indirect tax collection increased by 35.8 percent in the April-September period of the 2015-16 fiscal to Rs. 3.24 lakh crore, hitting more than 50 per cent of the annual target.
  • The collection also reflects hike in excise duty on diesel and petrol, withdrawal of tax exemptions for motor vehicles, increase in clean energy cess and hike in service tax rate in June.

Nokia Slapped Fresh Tax Notice

  • The income tax department has slapped a fresh tax notice on Nokia India. The Finnish telecom firm, however, wants the fresh demand to be included in the ongoing negotiations between India and Finland to resolve the Rs. 2,000-crore tax dispute.
  • As per reports, the fresh notice was for a "dispute relating to other assessment years, apart from the one being contested currently in ITAT.
  • Nokia's mobile unit has now been sold to Microsoft, but the Chennai factory , which is involved in the tax dispute was not included in the deal.
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SCIENCE & TECHNOLOGY

Scientists Created Virtual Rat Brain

  • Scientists have created a virtual rat brain made up of 30,000 neurons, 55 layers of cells and 207 different neuron subtypes.
  • For 10 years, a global initiative called the Blue Brain Project - hosted at the Ecole Polytechnique Federale de Lausanne (EPFL) - has been attempting to digitally create a section of juvenile rat brain.
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SPORTS

Sania-Martina Win China Open

  • The Indo-Swiss pair of Sania Mirza and Martina Hingis added another trophy in its collection after winning the China Open final.
  • They beat Chan sisters Hao-ching and Yung-jan in three grueling sets.
  • This is the eighth title for the Mirza-Hingis pair of the year.
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NATIONAL AFFAIRS

Literary Icons at Sahitya Akademi Resign, Return Award

  • Joining the protest over rising communal violence cases in the country, Malayalam and English poet K. Satchidanandan quit the Sahitya Akademi, becoming the latest literary icon to do so.
  • Earlier, Malayalam author and activist Sarah Joseph returned the prestigious Kendra Sahitya Akademi award protesting against the 'communal policies' of the central government.
  • Noted writer Nayantara Sahgal, the niece of former Prime Minister, Jawaharlal Nehru, has also returned the prestigious award.
  • Writer Shashi Deshpande resigned from the Sahitya Akademi General Council .

Karnataka Waives Interest on Crop Loans

  • The Karnataka government announced waiver of interest and penal interest on crop loans from cooperative banks for the current fiscal and a hike in compensation from Rs. 2 lakh to Rs. 5 lakh to families of farmers who had committed suicide.
  • The government would also increase monthly widow pension from Rs 500 to Rs 2,000 and bear educational expenses of children up to post-graduation level in the families of farmers who had committed suicide.
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