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Daily G.K. - Top Stories

24 Mar 2017

INTERNATIONAL AFFAIRS

France`s Presidential Election

  • As per a survey, Centrist Emmanuel Macron is projected to come out on top in the first round of France`s presidential election next month ahead of far-right leader Marine Le Pen before going on to win in a runoff.
  • Macron was seen winning 26 percent of the vote in the April 23 first round followed by Le Pen on 25 percent.
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ENVIRONMENT

Australian Night Parrot Spotted After 100 Years

  • Birdwatchers in Australia have spotted an Australian night parrot, which was thought to be extinct after a gap of 100 years.
  • The sighting of the night parrot, a small nocturnal bird native to Australia, came three years after the bird was declared extinct.
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BUSINESS AND ECONOMY

Sale of RCom Tower Division Approved

  • The Competition Commission of India has approved a Rs. 11,000 crore proposed transaction involving the sale of the tower division of Reliance Infratel Limited, a subsidiary of Reliance Communications Ltd. (RCom), to Brookfield Infrastructure Group.
  • The tower division of Reliance Infratel will be demerged into Towercom Infrastructure Private Limited (Towerco) and Rapid Holdings 2 Pte. Ltd., a part of the Brookfield Infrastructure Group.
  • The deal is subject to completion of the demerger, through a scheme of arrangement, and the completion of certain other conditions and approvals.

Cairn-Vedanta Merger Gets NCLT Nod

  • The National Company Law Tribunal approved the metals and mining firm Vedanta’s merger with its cash-rich oil subsidiary Cairn India, paving the way for the formation of the fourth-largest resource company in the world after BHP Billiton, RioTinto and Glencore Plc.
  • Following the merger, Vedanta Plc.’s ownership in Vedanta Limited is expected to fall to 50.1% from its current 62.9%.
  • Cairn India minority shareholders will own 20.2% and Vedanta Limited minority shareholders will own a 29.7% stake in the enlarged entity.
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NATIONAL AFFAIRS

National Commission for Backward Classes Dissolved

  • The Union Cabinet has approved the setting up of a National Commission for Socially and Educationally Backward Classes (NSEBC) as a constitutional body.
  • NSEBC will be replacing the National Commission for Backward Classes (NCBC).
  • The Union Cabinet approved amending the Constitution and inserting Article 338B for setting up the new Commission.
  • The commission will comprise of a chairperson, a vice chairperson and three other members.

Setback to Trinamool Congress

  • It's a big boost for Bharatiya Janata Party (BJP) in Tripura and huge setback to Mamata Banerjee-led Trinamool Congress (TMC), four hundred Trinamool Congress members, including 16 of the total 65 state committee members of the TMC, joined BJP.
  • The TMC members who joined the saffron party also include former chairman of the Tripura unit of Trinamool Congress, Ratan Chakraborty.
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