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Daily G.K. - Top Stories

23 Nov 2016

INTERNATIONAL AFFAIRS

Raheel Sharif to Retire as Pakistan Army Chief

  • General Raheel Sharif is set to step down as the chief of Pakistan Army later this month.
  • According to sources, Pakistan Prime Minister Sharif has already made up his mind over who will succeed General Sharif, but has so far not disclosed the name.
  • Lt. Gen Ishfaq Nadeem Ahmed is likely to be named the next Pakistan army chief.
  • Others in contention for the top military post include Lt. Gen Javed Iqbal Ramday and Lt. Gen Qamar Bajwa.

Life Sentence against Mursi Overturned

  • Egypt`s Court of Cassation overturned a life sentence against deposed President Mohamed Mursi of the Muslim Brotherhood and ordered a retrial in the case that revolves around accusations of espionage with Palestinian group Hamas.
  • Democratically elected after the 2011 uprising, Mursi was overthrown in mid-2013 by Abdel Fattah al-Sisi following mass protests against his rule, and was immediately arrested.
  • Mursi was one of 22 high-ranking Muslim Brotherhood officials and supporters convicted last year of spying for fellow-Islamist group Hamas.
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ENVIRONMENT

Dead Sea Drying Out

  • As per environmentalists, the Dead Sea, also known as the Salt Sea, is drying out at an alarming rate.
  • According to EcoPeace Middle East, the lake is shrinking by about 3.3 feet per year owing to human activities.
  • Scientists believe mineral extraction may be another reason the lake is losing its water.
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BUSINESS AND ECONOMY

Rupee Struggles at 9-month Low

  • The rupee remained in a tight spot and continued to slide against the US dollar, with the domestic currency ending lower by 9 paise at 68.25 -- its lowest level in nine months.

L&T’s Q2 Profit Zooms

  • Larsen and Toubro reported an 84 per cent jump in its consolidated net profit for the quarter ended September 30, 2016.
  • International revenue during the September quarter at Rs. 8930 crore constituted 36 per cent of the total revenue.

Elior Group Buys MegaBite Food Services and CRCL

  • Elior Group, one of world’s leading operators in the contracted food industry, has made simultaneous acquisitions of MegaBite Food Services and CRCL for an undisclosed sum.
  • The combined acquisitions of MegaBite and CRCL will position the Group among the top 3 contract caterers in the Indian market.
  • MegaBite Food Services is the top player in premium corporate catering in Bengaluru.
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NATIONAL AFFAIRS

BJP Wins in Bypolls Post Demonetisation

  • In a major boost for Prime Minister Narendra Modi, BJP - won five out of the 14 seats in the bypolls held in six states and one Union Territory.
  • The bypolls were held in Assam, Arunachal Pradesh, Madhya Pradesh, West Bengal, Maharashtra, Tamil Nadu, Tripura and Puducherry.
  • The results are significant as these are the first elections conducted after the government’s decision to demonetise high value currency notes of Rs. 500 and Rs. 1000.
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