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Daily G.K. - Top Stories

18 Dec 2015

INTERNATIONAL AFFAIRS

Afghanistan's WTO Membership Approved

  • The World Trade Organisation formally approved Afghanistan's membership at its 10th ministerial conference in the Kenyan capital Nairobi.
  • Afghanistan has become the 164th WTO member and the 36th least developed country to join the global trade body after 11 years of negotiations.

Russia Ready to Improve Ties with the US

  • As per President Vladimir Putin, Russia is ready to improve ties with the United States and work with whomever is elected its next President.
  • As per his talks with US Secretary John Kerry, Washington is ready to move toward settling the issues that can only be settled through joint efforts.
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BUSINESS AND ECONOMY

HUL to Acquire Hair-care Brand Indulekha

  • Hindustan Unilever Limited has signed an agreement with Mosons Group to acquire its hair-care brand lndulekha.
  • The deal includes the acquisition of the trademarks lndulekha and Vayodha, intellectual property, design and knowhow.
  • The acquisition of lndulekha brings to HUL a premium brand with strong credentials around Ayurveda that will complement HUL’s existing portfolio and strengthen its presence in the hair care category.
  • Indulekha was launched in 2009 as a premium ayurvedic hair oil and had a turnover of Rs. 100 crore in the previous financial year ended March.

Model text for BIT Treaty Gets Nod

  • The Cabinet approved the revised model text for the Indian Bilateral Investment Treaty (BIT), which will replace the existing Indian Model BIT. This move is expected to provide protection to both Indian and foreign investors.
  • BITs help project India as a preferred FDI destination as well as protect outbound Indian FDI. The measure comes at a time when there has been criticism about the pace of reforms in the country and certainty of policies. The revised model of BIT will be used for re-negotiation of existing BITs and negotiations of future BITs and investment chapters in Comprehensive Economic Cooperation Agreements, Comprehensive Economic Partnership Agreements and FTAs.
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SCIENCE & TECHNOLOGY

First-ever Supernova Explosion Spotted

  • NASA`s Hubble Space Telescope has caught a glimpse of the first-ever predicted supernova explosion.
  • It has been spotted in the galaxy cluster MACS J1149.5+2223.
  • According to astronomers, a supernova occurs once every second somewhere in the universe.
  • The supernova is nicknamed Refsdal.
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NATIONAL AFFAIRS

Jet Airways CEO Cramer Ball Resigns

  • Cramer Ball resigned from the post of Chief Executive Officer of Jet Airways. He is the fourth CEO of the private carrier to have quit since April 2013 when it offloaded a part of stake to Abu Dhabi's national airline Etihad.
  • Its whole-time director Guarang Shetty will serve as acting CEO under the supervision of Chairman Naresh Goyal.
  • Ball was appointed as the Jet Airways CEO in May 2014.
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