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General Awareness - Top Stories

07 Jan 2017

AROUND THE WORLD

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Russia Begins Military Drawdown

  • As per reports, Russia’s military has begun scaling down its deployment to Syria, as the regime intensified its bombardment of a rebel-held district home to the capital’s main water source.
  • Russia, along with fellow regime ally Iran and rebel backer Turkey, is pushing for peace talks to be held later this month.
  • Russia’s military said a naval group headed by aircraft carrier Admiral Kuznetsov would be the first to leave the area under a drawdown ordered by President Vladimir Putin in December.

Tokyo Recalls Seoul Envoy

  • Japan recalled its Ambassador to South Korea to protest the placing of a statue symbolising victims of Japanese wartime sex slavery outside its consulate in the city of Busan.
  • Japan also announced that Japan is ordering home its consul-general in Busan and suspending discussions over a Japan-South Korea currency swap.

INDIA - BUSINESS/ECONOMY

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Centre Clears Strategic Sale in BEML

  • The Centre will sell 26 per cent stake in defence equipment manufacturer BEML, making it the first major PSU to be sold through strategic disinvestment, which may fetch the exchequer over Rs. 1,000 crore.

Hindustan Zinc Gets Green Nod

  • Vedanta Group firm Hindustan Zinc Ltd (HZL) has got environment clearance for its Rs. 1,200 crore Zawar Mines expansion project in Rajasthan.
  • The world’s second largest zinc producer wants to expand the production capacity of lead-zinc and ore beneficiation at its Zawar Group of underground mines located in Sarada district.

India and Kazakhstan Agree to Amend Tax Treaty

  • India and Kazakhstan signed an agreement to amend the two-decade old bilateral tax treaty under which information exchanged between the two can be shared with other law enforcement agencies.
  • The protocol to amend the existing Double Taxation Avoidance Convention (DTAC) between the two countries provides internationally–accepted standards for effective exchange of information on tax matters.

SCIENCE & TECHNOLOGY

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China to Set up World's Highest Altitude Telescopes

  • China is setting up the world's highest altitude gravitational wave telescopes in Tibet, close to Line of Actual Control with India.
  • Construction has started for the first telescope, code-named Ngari No 1.
  • The telescope, located 5,250 meters above sea level, will detect and gather precise data on primordial gravitational waves in the Northern Hemisphere.
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