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General Awareness

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Daily G.K. - Top Stories

03 Feb 2016

INTERNATIONAL AFFAIRS

Plan to Curb Funding to Extremists

  • The European Union has unveiled new measures to curb the financing of extremist groups.
  • The proposals aim to track extremists as they move money or assets and limit their ability to raise funds by targeting their sources of income.
  • The plan would oblige EU financial institutions to carry out compulsory checks on money flows from countries with doubtful records on money-laundering and extremist financing.
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ENVIRONMENT

Global Warming not Driven by Natural Forces

  • A new study confirms that global temperature does not rise or fall chaotically in the long run.
  • The new study by researchers reveals that unless pushed by outside forces, temperatures should remain stable.
  • The new evidence may finally help put the chill on skeptics' belief that long-term global warming occurs in an unpredictable manner, independently of external drivers such as human impacts.
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BUSINESS AND ECONOMY

Key Interest Rate Kept Unchanged

  • RBI Governor kept the key interest rate unchanged amid inflation and growth concerns. As per RBI further easing will depend on structural reforms in the forthcoming Budget as well as macroeconomic factors.
  • As per Rajan the government has suggested a number of steps to make the economy more flexible, create growth opportunities as well as incentivise investments, and these are the reforms that the Reserve Bank will be look at in the forthcoming Budget to be announced on February 29.
  • The repo rate was unchanged at 6.75 per cent, RBI continues to be accommodative, while it awaits further data on the development of inflation. It had cut the lending rate last year by 125 bps in 4 installments.
  • The decision to keep the repo rate on hold is based on the inflation trajectory which is moving along the set path, adding that if the data supports it, RBI will be accommodative.

Core Sector Growth Slows Down

  • Growth of eight core sectors slowed down to 0.9% in December 2015 from 3.2% in the same month of previous year as production of crude oil, natural gas and steel sectors declined. The eight core or infrastructure industries are coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity.
  • The December production numbers are, however, better than those in November, which witnessed the worst performance in seven months with the output of eight sectors contracting by 1.3%.
  • The eight core sectors have nearly 38% weight in the Index of Industrial Production (IIP) which gauges overall industrial output growth. The cumulative growth of core sectors in April-December period of 2015-16 came in at 1.9%.
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SPORTS

Sanjeev Rajput Claims Rio Olympics Berth

  • Indian shooter Sanjeev Rajput claimed a berth for the Rio Olympics after finishing fourth in the men's 50m three-position rifle category at the Asian qualifiers.
  • Rajput has become the 12th Indian shooter to secure a berth for the Rio Olympics.
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NATIONAL AFFAIRS

Reshuffle in Ministry of Home Affairs

  • The Union Home Ministry effected a reshuffle of officials in key positions, including those handling the crucial Left-Wing Extremism, Centre-State and Union Territory divisions.
  • Praveen Vashista, Kumar Alok, Dilip Kumar and Hitesh Makwana were all appointed as Joint Secretaries. Mukesh Mittal, a 1987-batch Indian Revenue Service officer has been shifted to the Internal Security-II division.
  • There are around 22 Joint Secretaries in the Home Ministry in addition to five Additional Secretaries and three Secretary-level officers.
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