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Daily G.K. - Top Stories

20 Sep 2016

INTERNATIONAL AFFAIRS

Japan Pledges USD 2.8 billion in Refugee Aid

  • Japan will provide $2.8 billion to help deal with the global refugee crisis over three years from 2016.
  • Abe made the new pledge at a United Nations summit on refugees on the sidelines of the annual U.N. General Assembly.
  • The money would be for "humanitarian and self-reliance assistance" for refugees and migrants, and go to help host countries and communities.
  • As per Abe, the current refugee and migrant movements were unprecedented and amounted to serious ongoing humanitarian crises.
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BUSINESS AND ECONOMY

Future Group in Talks to Buy Heritage Foods’ Retail Division

  • Future Group is in advanced talks to acquire the retail business of Heritage Foods.
  • This deal would give Kishore Biyani sway over a network of more than 100 grocery outlets in Hyderabad, Chennai and Bengaluru.
  • If the transaction goes forward, this will be Biyani's fourth acquisition in as many years.
  • Other purchases since 2012 include the Easyday network from Bharti Retail, New Delhi-based Big Apple and Hyderabad-based Nilgiri's supermarket chain.

Ajman Free Zone Inviting Indian Investors

  • Senior delegations from Ajman Free Zone, UAE, are visiting Chennai, New Delhi and Mumbai to promote the benefits of investing in Ajman and encourage Indian companies to open new offices there.
  • The zone offers 100% foreign ownership, repatriation of capital and profits, no corporate tax, no personal income tax and no import duties on goods, low handling charges, easy access to workforce, single window clearances and cheap energy to businesses interested in setting up an offshore company.
  • India is one of the top three trading partners of the UAE. At present, over 17,000 companies are registered in Ajman Free Zone out of which close to 40% are of Indian ownership.
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SPORTS

Indian Shooters Continue Winning Spree

  • The Indian junior shooting squad continued its medal-winning spree at the ISSF Junior World Cup, bagging a gold, two silver and three bronze medals on the second day to take its overall tally to 13.
  • After picking up seven medals, including three gold medals to top the medal table at the end of day one, India picked up six more medals on day two to lie second behind Russia in the medal tally.
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NATIONAL AFFAIRS

Release 3000 Cusecs Daily to Tamil Nadu

  • The Cauvery Supervisory Committee ordered the Karnataka government to release 3000 cusecs of river water daily to Tamil Nadu between September 21 and 30.
  • The order was passed after a meeting attended by officials of Karnataka, Tamil Nadu, Puducherry and Kerala failed to evolve a concensus.
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