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Daily G.K. - Top Stories

19 Jul 2016

INTERNATIONAL AFFAIRS

China to Close Part of South China Sea

  • China is closing off a part of the South China Sea for military exercises this week, days after an international tribunal ruled against Beijing's claim to ownership of virtually the entire strategic waterway.
  • An area off the east coast of China's island province of Hainan will host military exercises.
  • In a further show of defiance, Beijing followed the ruling by landing two civilian aircraft on new airstrips on disputed Mischief and Subi reefs and dispatched its coast guard to block a Philippine fishing boat from reaching a contested shoal.

Venezuelans Cross into Colombia

  • Almost 100,000 Venezuelans crossed into Colombia to hunt for food and medicine that are in short supply at home.
  • It was the second weekend in a row that Venezuela's socialist government opened the long-closed border with Colombia.
  • Venezuela's government closed all crossings a year ago to crack down on smuggling along the border.
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BUSINESS AND ECONOMY

Hindustan Unilever Q1 Net Up

  • FMCG major Hindustan Unilever reported an increase of 9.79 per cent in standalone net profit at Rs. 1,173.90 crore for the first quarter of 2016.
  • HULs net sales were up 3.56 per cent to Rs. 7,987.74 crore during the quarter under review.

ESAF Microfinance Applies for Final Approval

  • ESAF Microfinance, which already has in-principle approval for small finance bank, has applied for RBI's final approval.
  • The company plans to launch operations in 60 days after it gets a final go ahead from the Central Bank.
  • ESAF Microfinance was one of the 10 entities, which got RBI's approval to set up small finance bank.
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SPORTS

Russia Found Guilty of Doping Manipulation

  • The World Anti-Doping Agency called for all Russian competitors and officials to be banned from the Rio Olympics and other international sport after an investigation found rampant state-run doping at the 2014 Sochi Winter Games and other events.
  • Russia, which strongly denies any state involvement in doping, is already banned from international athletics by world governing body IAAF because of doping exposed last year.
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NATIONAL AFFAIRS

Diesel Vehicles Plying for Over 10 Years in Delhi Banned

  • The Regional Transport Office in Delhi has been directed by the National Green Tribunal to de-register all diesel vehicles which are more than 10 years old with immediate effect.
  • The development came after the Delhi government had been given two weeks time by the Green Tribunal to clarify whether it is in favour of cancelling the registration of diesel cars which are 10 years old and petrol cars which are 15 years old.
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