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Daily G.K. - Top Stories

13 Jan 2016

INTERNATIONAL AFFAIRS

Austria Registered 90,000 Asylum Claims

  • As per government figures, Austria registered 90,000 asylum claims in 2015, a rise of more than 200 percent compared to 28,000 the year before and just 11,000 in 2010.
  • The number was however considerably under the record of 170,000 set in 1956 when the Soviet Union crushed an uprising in Budapest and large numbers of Hungarians fled to neighbouring Austria.
  • Austria last year became a major transit country for hundreds of thousands of migrants from the Middle East and elsewhere travelling up from Greece through the Balkans.

Suu Kyi Takes Part in Talks to Boost Myanmar Ceasefire

  • Aung San Suu Kyi, whose pro-democracy party will take over power in Myanmar in the next few months, has for the first time participated in official talks to bring peace with the country's fractious ethnic minorities.
  • Myanmar has been wracked by war for decades as ethnic minorities fight for greater autonomy from the central government.
  • According to Suu Kyi having all of the rebel groups take part would make the cease-fire talks more effective.
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BUSINESS AND ECONOMY

Bajaj Corp to Tap Rural Market for Growth

  • MCG company Bajaj Corporation Ltd. plans to pursue acquisitions targeting niche brands and tap rural areas to push growth, particularly in light hair oil segment, where it aims to have a market share of 65 per cent.
  • The company will seek inorganic growth opportunities in the FMCG and hair oil market as part of growth strategy.
  • The inorganic growth opportunities will focus on targeting niche brands, which can benefit from BCL's strong distribution network so that they can be made pan India brands.

Factory Output Falls

  • The country's industrial output contracted in November, its sharpest decline in four years, while retail inflation inched up in December on the back of an increase in prices of some food items, piling fresh pressure on authorities trying to revive growth. Data released by the Central Statistics Office showed the index of industrial production (IIP) fell an annual 3.2% in November compared to an upwardly revised growth of 9.9% in October and an expansion of 4% in November 2014.
  • The decline was the sharpest since October 2011.
  • India is seen as a bright spot globally and is expected to grow 7% to 7.5% in the current fiscal year and revival of industrial growth is key to sustaining higher growth rates.
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SPORTS

Sania Maintains Top Spot

  • In the latest tennis WTA rankings, Sania Mirza continues to top the women's double chart while her partner Martina Hingis maintained her second spot.
  • Sania is atop the list with 11395 points while Hingis has 11355 points in her kitty.
  • Among the Indian men, Rohan Bopanna is the only one to feature in the top 10 of the doubles rankings, which is being headed by Marcelo Melo of Brazil, followed by Horia Tecau of Romania and Netherlands Jean-Julien Rojer.
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NATIONAL AFFAIRS

India's New High Commissioner Gautam Bambawale

  • India's new High Commissioner to Pakistan Gautam Bambawale crossed over through the Wagha border with a desire to improve Indo-Pak ties.
  • Bambawale was earlier India's envoy to Bhutan.
  • An IFS officer of 1984-batch, Bambawale faces a daunting task ahead amid fresh strains between the two countries and uncertainty over Indo-Pak Foreign Secretary-level talks after the Pathankot attack.
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