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Daily G.K. - Top Stories

15 Dec 2016

INTERNATIONAL AFFAIRS

US Fed Raised the Benchmark Interest Rate

  • The US Federal Reserve raised the benchmark interest rate by a quarter percentage.
  • The policy-setting Federal Open Market Committee voted unanimously to increase the key federal funds rate.
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BUSINESS AND ECONOMY

Third Richest Year for IPOs

  • The year 2016 was the third-best since 1989 for initial public offers (IPOs) in terms of total funds raised.
  • Data from Prime Database, show that a total of 25 companies entered the capital market with their IPOs to raise a cumulative sum of Rs. 25,163.33 crore in 2016. This is the third-highest quantum raised in a single calendar year after 2010.

Major Port Authorities Bill, 2016 Approved

  • The government approved the Major Port Authorities Bill, 2016, a move aimed at bringing greater efficiency and professionalism in governance of ports through full autonomy in decision making.
  • The Union Cabinet approved the proposal of the Ministry of Shipping to replace the Major Port Trusts Act, 1963 by the Major Port Authorities Bill, 2016.
  • This will empower the major ports to perform with greater efficiency on account of full autonomy in decision making and by modernising the institutional structure of major ports.
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SCIENCE & TECHNOLOGY

Pair of Newborn Planets Spotted

  • A team of scientists has found evidence of a pair of newborn planets orbiting a young star.
  • Scientists claim that each planet is about the size of Saturn.
  • The host star is roughly five million years old and about twice the mass of the Sun and located about 400 light-years from Earth.
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SPORTS

ICC's Women Team of the Year 2016

  • India batswoman Smriti Mandhana is the only sub-continent player who has been named in the ICC’s Women Team of the Year 2016.
  • The women's team of the year will be captained by West Indies' Stafanie Taylor.
  • This is the first time that the ICC has named a women's team of the year.
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NATIONAL AFFAIRS

Modi among World's Ten Most Powerful People

  • Prime Minister Narendra Modi has been ranked among the top 10 most powerful people in the world by Forbes.
  • The list has been topped by Russian President Vladimir Putin for a fourth straight year and had US President-elect Donald Trump in the second place.
  • PM Modi has been ranked 9th on the Forbes list of 74 of the World's Most Powerful People.

First Legislative Action in Winter Session

  • For the first time since the winter session began, the Rajya Sabha saw a legislative action as it passed the Disabilities Bill.
  • The Disabilities Bill, passed just three days before the Parliament session ends, aims at securing and enhancing the rights and entitlements of disabled persons.
  • The bill also gives effect to the UN Convention on the Rights of Persons with Disabilities and related matters.

Pakistan Successfully Tests Babur Cruise Missile

  • Pakistan Army successfully test-fired an enhanced version of an indigenously-designed cruise missile that can hit targets at 700 km with all kinds of warheads.
  • The missile is part of Babur Weapon System version- 2 because it is enhanced version of the earlier missile.
  • The missile is equipped with state-of-the-art navigational technologies of Terrain Contour Matching and all time Digital Scene Matching & Area Co-relation, which enables it to engage various type of targets with pinpoint accuracy even in the absence of GPS navigation.
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