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Daily G.K. - Top Stories

04 May 2016

INTERNATIONAL AFFAIRS

IS May be Making Chemical Weapons

  • According to a global watchdog, the Islamic State group may be making its own chemical weapons, which is a sign of big worry, and may have used them already in Iraq and Syria.
  • As per the head of the Organisation for the Prohibition of Chemical Weapons, his teams have found evidence of the use of sulphur mustard in attacks in the two countries.

EU Set to Grant Turkey Visa-free Travel

  • The EU is all set to give conditional approval for Turks to gain visa-free access to the Schengen zone.
  • The European Commission says Turkey must still meet further measures to access the passportless Schengen area without visas by June.
  • The Commission will put forward a plan to include Turkey in the list of countries exempted from visas. Turkey has fulfilled only 64 out of the 72 criteria and that the offer, therefore, remains conditional.
  • Turkey has to meet a list of 72 criteria, ranging from biometric passports to respect for human rights that were set when Brussels and Ankara first talked about 90-day visa-free travel to the Schengen area.
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ENVIRONMENT

New Species of Mouse Lemurs Discovered

  • An international team of scientists has discovered three new species of mouse lemurs, the smallest primates in the world.
  • Mouse lemurs, like all other lemurs, are native to the island-nation of Madagascar. They are small, nocturnal primates of the genus Microcebus.
  • Two decades ago, there were only two species of mouse lemurs. Today, including the newly-discovered species, mouse lemurs comprise 24 species, which are only found in the highly biodiverse island of Madagascar.
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BUSINESS AND ECONOMY

India’s Growth Forecast Retained

  • The International Monetary Fund has retained India’s growth forecast for this year at 7.5 percent.
  • India has benefited from lower oil prices and remains the fastest-growing large economy in the world.
  • India is on a strong recovery path, with GDP growth reaching 7.3 percent in 2015.

Steelco Gujarat Ltd Fined

  • SEBI has imposed a penalty of Rs. 25 lakh on Steelco Gujarat Ltd and its promoter group Spica Investments for not complying with the minimum public shareholding norms.
  • It was found that the entities had not taken appropriate steps to comply with the minimum 25 per cent shareholding in the company.

Interest to Iran on Oil Dues

  • India has agreed to pay Iran an interest of 1.5 percent on USD 6.5-billion that refiners like Essar Oil and Mangalore Refinery owe it in oil dues.
  • The demand for interest rate was made when Oil Minister had met Iranian Central Bank Governor Valiollah Seif in April.
  • Essar Oil and other refiners want to pay Iran at the exchange rate prevalent at the time of buying crude oil in the last three years.
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NATIONAL AFFAIRS

Bharti Retail Gets New MD

  • Kishore Biyani has been appointed managing director of Bharti Retail as part of the reconstitution of the board following their merger pact.
  • Rakesh Biyani, who is also a director at Future Group, has also been appointed as Joint Managing Director of Bharti Retail.
  • Rajan Mittal, Vice Chairman and Managing Director of Bharti Enterprises Ltd, will continue to serve as a member of the board of directors of the company.
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