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Daily G.K. - Top Stories

21 Feb 2016

INTERNATIONAL AFFAIRS

Guyana Appeals to Ban Ki-moon to Settle Dispute

  • President David Granger of Guyana has appealed to UN Secretary-General Ban Ki-moon to resolve his country\'s dispute with Venezuela, which claims two-thirds of its land and a large area of oil-rich territorial waters.
  • As per Granger, the process of settling the dispute on the basis of a treaty signed in Geneva in 1966 did not make headway.
  • Therefore, under the terms of the treaty, it was now up to the UN secretary-general to resolve it.
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BUSINESS AND ECONOMY

Senvion to Start Indian Operations

  • German wind turbine maker Senvion has made a foray into the Indian market.
  • The Indian operations will be headed by Amit Kansal.
  • Indian government has set ambitious goals for renewable energy.
  • As per Senvion, given the strong initiative by Indian government on renewable energy, it is exactly the right time for Senvion to enter the Indian market. India has huge potential in wind power.

Forex Reserves Up

  • According to the Reserve Bank of India, the country\'s foreign exchange reserves rose by USD 347.2 million to USD 351.831 billion in the week to February 12.
  • FCAs, a major component of overall reserves, increased by USD 1.581 billion to USD 330.019 billion in the reporting period.
  • FCAs, expressed in dollar terms, include the effect of appreciation and depreciation of non-US currencies such as the euro, pound and the yen, held in the reserves.
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