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Daily G.K. - Top Stories

17 May 2017

INTERNATIONAL AFFAIRS

Eshaq Jahangiri Has Dropped Out of Election

  • Reformist candidate Eshaq Jahangiri has dropped out of Iran’s presidential election to back President Hassan Rouhani. This will strengthen Mr. Rouhani’s fight against hard-liner Ebrahim Raisi, believed to be a favourite of Ayatollah Ali Khamenei.

Sharif Government under Fire

  • Opposition leaders slammed Pakistan Prime Minister Nawaz Sharif’s government after the Dawn daily disclosed the master plan of the Beijing-funded China-Pakistan Economic Corridor (CPEC), which will link the port city of Gwadar in Balochistan to China’s Xinjiang province via a network of highways and railways.
  • The master plan, drawn up by the China Development Bank and the National Development Reform Commission of China, states that thousands of acres of agricultural land to be leased out to Chinese enterprises to set up projects in areas ranging from seed varieties to irrigation technology.

Iraq Forces in West Mosul

  • As per reports, Iraqi forces have recaptured nearly 90 per cent of West Mosul from the Islamic State group after retaking the city's eastern side earlier this year.
  • The drive to retake Mosul has been supported by US-led air strikes that have aided the Iraqi advance.
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ENVIRONMENT

NASA's Global Temperature Analysis

  • A monthly tally of global temperatures conducted by NASA concluded that the month of April 2017 was the second hottest April on record in 137 years of modern record-keeping.
  • April 2016 was the hottest on record, at 1.06 degrees Celsius warmer than the April mean temperature. Last month was 0.88 degrees Celsius warmer than the mean April temperature from 1951-1980.
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BUSINESS AND ECONOMY

Positive Cues Drive Sensex, Nifty to Highs

  • The equity benchmark indices touched new highs as investors continued to take note of positives emanating from domestic factors like a good monsoon forecast and low inflation numbers along with firm global cues.

EPFO Reduces Claim Settlement Period

  • EPFO has reduced the stipulated period for settlement of various claims such PF withdrawal, pension and insurance to 10 days from 20 at present.
  • In July 2015, the Employees' Provident Fund Organisation (EPFO) had reduced the timeline for settling various claims to 20 days.

Future Group Partner’s Khimji Ramdas Group

  • In its first international foray, Kishore Biyani-led Future Group has partnered with UAE's Khimji Ramdas Group to open stores in Oman and in other parts of the Gulf region.
  • Both entities have formed a joint-venture called 'KR Future Fashions LLC' and will invest Rs. 75 crore each.
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SPORTS

Amul to Sponsor New Zealand Cricket Team

  • Having already associated itself with some of the biggest events in the world of sports including the ICC Cricket World Cup, Formula 1, the London 2012 Olympic Games and the Rio 2016 Olympic Games, Indian dairy giant Amul will be the prime sponsor of the New Zealand cricket team for the ICC Champions Trophy.
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NATIONAL AFFAIRS

Harish Laskshman is Rane Vice-chairman

  • The board of Rane (Madras) Ltd. elevated Harish Laskshman as vice-chairman of the company with immediate effect.
  • He will advise the company on business and policy matters along with the chairman L. Ganesh. Mr. Lakhsman has been on the board as a director since March 31, 2004.

Ransomware Attack in India

  • A cyber security firm has detected over 48,000 ransomware attack attempts in the country, with West Bengal witnessing the most incidents.
  • As per observation the attack is not focused towards any particular industry but it is widely spread across industries especially those organisations which are online and connected.
  • According to reports, 60 per cent of the attempts by the malicious WannaCry ransomware were targeted at enterprises, while 40 per cent were on individual customers.
  • The top five cities impacted by the WannaCry ransomware are Kolkata, Delhi, Bhubaneshwar, Pune and Mumbai, while the top top five states with maximum detections are West Bengal, Maharashtra, Gujarat, NCR (Delhi), and Odisha.
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