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Daily G.K. - Top Stories

08 Feb 2016

INTERNATIONAL AFFAIRS

North Korea Rocket Launch Condemned by UN

  • The United Nations Security Council has condemned North Korea's latest rocket launch and vowed to take significant measures in response to Pyongyang's violations of UN resolutions.
  • The launch has been strongly condemned by members of the Security Council.
  • As per US ambassador, the US will ensure that the Security Council imposes serious consequences.

Turkey Delivers Aid across Border

  • Aid trucks and ambulances entered Syria from Turkey to help tens of thousands of people who have fled an escalating government assault on Aleppo.
  • Turkey has given refuge to civilians fleeing Syria throughout the conflict, but is coming under growing pressure from the United States to secure the border more tightly, and, from Europe, to stem the onward flow of migrants. It is already sheltering more than 2.5 million Syrians.

China Forex Reserves Fall

  • China's foreign exchange reserves have fallen to their lowest level in more than three years.
  • The world's largest currency hoard shrank by USD 99.5 billion in January to some USD 3.2 trillion, the lowest since May 2012.
  • Worries about China's economy have pushed the Yuan to a five-year low. The country saw its first-ever annual decline in foreign exchange reserves last year as Beijing tried to prevent a more drastic devaluation.
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ENVIRONMENT

Uneven Impacts of Climate Change

  • A new study shows a dramatic global mismatch between nations producing the most greenhouse gases and the ones most vulnerable to the effects of climate change.
  • The study shows that the highest emitting countries are ironically the least vulnerable to climate change effects such as increased frequency of natural disasters, changing habitats, human health impacts and industry stress.
  • The countries emitting the least amount of greenhouse gases are most vulnerable.
  • The majority of the most vulnerable countries are African and Small Island States. These countries are exposed to serious environmental change. They are also generally the least developed nations, having few resources available to cope with these issues.
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BUSINESS AND ECONOMY

Loan Disbursed under MUDRA Yojana

  • Loans worth about Rs. 1 lakh crore have been sanctioned to small entrepreneurs under the Pradhan Mantri MUDRA Yojana.
  • Under Pradhan Mantri MUDRA Yojana, which was launched in April last year, loans between Rs. 50,000 and Rs. 10 lakh are provided to small entrepreneurs.

Indian Refiners to Clear its Past in Euros

  • Iran has asked Indian refiners such as Essar Oil and Mangalore Refinery and Petrochemicals Ltd (MRPL) to clear its past oil dues amounting to over $6 billion in Euros within six months.
  • With US lifting sanctions, Iran has told Indian authorities that the three-year old mechanism, paying 45 per cent of oil import bill in rupees and keeping the remaining 55 per cent pending for payment channels to clear, has come to an end.
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