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Daily G.K. - Top Stories

19 Oct 2015

INTERNATIONAL AFFAIRS

Implementation of Nuclear Deal

  • Iran's Foreign Minister and European Union (EU) foreign affairs chief have issued a joint statement, announcing the start of the implementation of the nuclear deal reached between Iran and the six world powers in July.
  • Now, Iran will start implementing its obligations pertaining to the Joint Comprehensive Plan of Action, and the UN nuclear watchdog will prepare the means to monitor Iran's measures.
  • According to the nuclear agreement between Iran and the world powers, Iran would improve the transparency of its nuclear plan, downsize its capacity for uranium enrichment and do changes in the structure of its heavy water reactor in exchange for international and Western sanctions relief.
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BUSINESS AND ECONOMY

India among Top 10 Acquirers in the US

  • India has been ranked among the top 10 acquirers in the US market this year with 16 deals valued at USD 1.7 billion.
  • Majority of these deals were in the pharma sector, with six transactions totalling USD 1.5 billion.
  • Most of these acquisitions are funded internally as Indian companies are generally cash rich.
  • India is witnessing more cross border M&A deals and beyond 2015, the country could become a sweetheart for US dealmakers, as the Indian government continues to pursue reforms to open the economy to foreign investors.

Banks Face SEBI Scrutiny for Disclosure Lapses

  • As a multi-agency probe continues in the alleged forex-based black money case involving thousands of crores of rupees, capital markets regulator SEBI and stock exchanges have now begun a scrutiny of several banks for any violation of the disclosure norms for listed firms.
  • State-run Bank of Baroda and Oriental Bank of Commerce are among those facing the scrutiny, while stock exchanges have also sought clarifications from top private sector lenders - HDFC Bank and Axis Bank.
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SCIENCE & TECHNOLOGY

NASA Spacecraft Spots Giant Hole in Sun

  • NASA's orbiting Solar Dynamics Observatory has mapped an enormous coronal hole, a gap in the sun's outer layer and magnetic field, which is the size of 50 Earths and is releasing an extra-fast solar wind in Earth's direction.
  • The gap in the Sun's magnetic field lets out a stream of particles travelling at up to 800 kilometres per second.
  • If aimed toward Earth, it could result in a geomagnetic storm, a phenomenon that can affect power and navigation for satellites orbiting the Earth as well as radio communication.
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NATIONAL AFFAIRS

Urdu Poet Munawwar Rana Returns his Award

  • Urdu poet Munawwar Rana was added to the list of litterateurs to have returned the Sahitya Akademi award. Rana announced his decision during a television show in New Delhi.
  • He has returned the award through the channel and given a blank check to return the cash prize.
  • Prior to him, writers like Kashi Nath Singh, Ghulam Nabi Khayal, Nand Bhardwaj and Katyayani Vidmahe have also returned their awards.
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