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Daily G.K. - Top Stories

15 Jul 2016

INTERNATIONAL AFFAIRS

Philippines Urges China to Respect Ruling

  • The Philippines urged Beijing to respect an international tribunal`s ruling that rejected Chinese claims to most of the South China Sea, escalating a row that has raised the prospect of conflict.
  • The Philippines, which launched the legal challenge, had initially refrained from asking China to abide by the ruling. This followed President Rodrigo Duterte`s directive to achieve a "soft landing" with the Philippines` much more powerful Asian neighbour.
  • China justifies its claims by saying it was the first to have discovered, named and exploited the sea, and outlines its territory using a vague map made up of nine dashes that emerged in the 1940s.
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ENVIRONMENT

Ocean Warming Primary Cause of Antarctic Glacier Retreat

  • A new study has found for the first time that ocean warming is the primary cause of retreat of glaciers on the western Antarctic Peninsula. The Peninsula is one of the largest current contributors to sea-level rise and this new finding will enable researchers to make better predictions of ice loss from this region.
  • The study reports that glaciers flowing to the coast on the western side of the Peninsula show a distinct spatial correlation with ocean temperature patterns, with those in the south retreating rapidly but those in the north showing little change. Some 90% of the 674 glaciers in this region have retreated since records began in the 1940s.
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BUSINESS AND ECONOMY

India's Retail Inflation Shoots Up

  • Rising prices of food articles pushed up India's annual wholesale price index sharply to 1.62 per cent for June from 0.79 per cent for the month before. This kept the inflation level in the positive domain for the third month after 17 months in the negative.

TCS Q1 Net Profit Up 10%

  • TCS reported 9.9 per cent rise in consolidated net profit to Rs. 6,317 crore for the first quarter ended June 30, 2016-17.
  • The company's consolidated revenue jumped 14.2 per cent to Rs 29,305 crore for the first quarter of the current fiscal.
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NATIONAL AFFAIRS

Sheila Dikshit Named Chief Ministerial Candidate for UP

  • The Congress announced that Sheila Dikshit will be the chief ministerial candidate of the party in the Uttar Pradesh Assembly elections.
  • She led Congress to three consecutive victories in Delhi Assembly polls in 1998, 2003 and 2008 before facing a humiliating drubbing in 2013.
  • The Congress could win only two seats in the last Lok Sabha election in UP and has been out of power for over two decades.
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