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Daily G.K. - Top Stories

01 Apr 2016

INTERNATIONAL AFFAIRS

The US Joins with South Korea and Japan

  • The United States pledged to deepen cooperation with South Korea and Japan on deterring the North Korean nuclear threat, working to ramp up pressure following worrying provocations.
  • The three nations are united in their efforts to deter and defend against North Korean provocations.
  • As per Park Geun-hye, North Korea would face even stiffer sanctions and more isolation if it engaged in any further provocative acts.
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BUSINESS AND ECONOMY

Jaypee Group Sells Cement Plants

  • Jaiprakash Associates sells the part sale of its cement business to the Kumarmangalam Birla-led Ultratech for Rs. 15,900 crore, marking the biggest consolidation in the cement sector.
  • Jaiprakash Associates Ltd is not selling its cement plant in Karnataka with a capacity of 1.2 million tonnes per annum.
  • As per reports, JAL’s sale of part of its cement business comprises identified operating cement plants with an aggregate capacity of 17.2 MTPA spread over the states of UP, MP, HP, Uttarakhand and Andhra Pradesh, besides a grinding unit of 4 MTPA capacity, which is currently under implementation in UP.

Companies to Toe New Accounting Rules

  • Companies with a net-worth of Rs. 500 crore or more will have to follow the new Indian Accounting Standards.
  • The new standards are benchmarked to the International Financial Reporting Standards (IFRS). The shift will make Indian corporate accounts comparable internationally.
  • This will lead companies to make wider disclosures on transactions and associated companies as well as provide explanations on various numbers in their books.
  • The rules will impact the way financial assets and liabilities are classified and many items that were off the balance sheet will have to be reported.
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SCIENCE & TECHNOLOGY

Transparent Wood to Brighten Homes

  • Scientists have developed transparent wood that could be used in building materials and could help home and building owners save money on their artificial lighting costs.
  • Optically transparent wood with transmittance as high as 85 percent and haze of 71 percent was obtained using a delignified nanoporous wood template.
  • Recent work on making transparent paper from wood has led to the potential for making similar but stronger materials.
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SPORTS

MC Mary Kom Fails to Qualify for Rio Olympics

  • MC Mary Kom, being defeated by Ren Cancan of China in the semi-final, has failed to qualify for the Rio Olympics through Asian Qualifying.
  • Losing semi-final means she has to satisfy herself with a bronze.
  • In the women's category, only the gold and silver medal winners from this tournament will qualify for Rio Olympics.
  • But Mary has another chance of qualifying for the Rio Games during the World Championships in May.
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NATIONAL AFFAIRS

India's Bid at UN to Ban JeM Chief Blocked

  • China has once again blocked India's bid at the UN to ban JeM chief Masood Azhar, the mastermind of the Pathankot terror attack.
  • After the attack on the IAF base, India had written to the UN calling for immediate action to list Azhar under the al-Qaida Sanctions Committee.
  • India’s submission was considered by the Counter-Terrorism Executive Directorate for technical aspects of the evidence provided. The technical team then with the support of the US, UK and France had sent it to all the members.
  • But hours before the deadline, China requested the Committee to hold up the banning of the JeM chief.
  • The Chinese action was in consultation with Pakistan, which is not on the UN Committee.
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