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General Awareness

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Daily G.K. - Top Stories

29 May 2017

INTERNATIONAL AFFAIRS

China Suspends Mines Development

  • Authorities in China`s Shanxi province have decided to suspend or hold back the development of coal mines with a capacity of 120 million tonnes or more till 2020.
  • Besides cutting its coal production capacity by over 100 million tonnes, the province will also suspend the development of more coal mines over the period to further reduce coal production capacity.
  • As per reports, the province will close down 18 collieries and cut 17 million tonnes of coal production capacity this year.

Deployment of THAAD System

  • North Korea has urged South Korea to cancel the deployment of the Terminal High Altitude Area Defence (THAAD) system by the US.
  • People from all walks of life in South Korea were increasingly demanding the cancellation of THAAD deployment.
  • Some South Korean politicians have recently hinted at a freeze of the THAAD deployment in exchange for North Korea to stop its nuclear and missile tests.

Russia and Turkey to Deepen Partnership

  • Vladimir Putin and his Turkish counterpart Recep Tayyip Erdogan reiterated mutual commitment to deepen the strategic partnership between the two countries.
  • The two leaders talked about the mutual cancellation of trade restrictions imposed after Turkey downed a Russian jet near the Turkish-Syrian border in November 2015.
  • Russian-Turkish relations have been recovering since Erdogan apologized in June 2016 to Putin for the downing of the Russian aircraft.
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BUSINESS AND ECONOMY

P-note investments Fall

  • Investments in domestic capital markets through participatory notes fell to a four-month low of Rs. 1.68 lakh crore at the end of April amid stringent norms put in place by SEBI to curb the inflow of illicit funds.
  • P-notes are issued by registered foreign portfolio investors (FPIs) to overseas investors who wish to be a part of the Indian stock markets without registering themselves directly.
  • This was the lowest level of investment through the route since December.

Top Source of FDI in 2016-17

  • Mauritius elbowed out Singapore to emerge as the top source of foreign direct investment (FDI) into India in 2016-17.
  • According to showed data of the Department of Industrial Policy and Promotion, foreign inflow from Mauritius in 2016-17 stood at USD 15.72 billion whereas that of Singapore stood at USD 8.71 billion.
  • Taken together, Mauritius and Singapore account for 50 per cent of total capital inflows into the country.

IOC Overtakes ONGC

  • Indian Oil Corp (IOC) has overtaken Oil and Natural Gas Corp (ONGC) to become India's most profitable state-owned company.
  • IOC posted a 70 per cent jump in net profit to Rs. 19,106.40 crore in the financial year ended March 31, 2017, whereas ONGC posted a net profit of Rs. 17,900 crore.
  • Billionaire Mukesh Ambani-led Reliance Industries retained the crown of being India's most profitable company for the third year in a row, posting a net Rs. 29,901 crore in financial year 2016-17.
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SPORTS

Sudirman Cup

  • South Korea won badminton Sudirman Cup for the first time in 14 years defeating over 10-time champions China at Australia's Gold Coast.
  • South Korea also won the Sudirman Cup in 1991 and 1993.
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NATIONAL AFFAIRS

Army Chief Defends Human Shield Incident

  • Army Chief Bipin Rawat defended the human shield incident.
  • According to him the troops needed innovative ways to fight against the dirty war in Kashmir.
  • This is a proxy war and proxy war is a dirty war. It is played in a dirty way. The rules of engagements are there when the adversary comes face-to-face and fights with you.

Heritage Line of Delhi Metro Inaugurated

  • Union Urban Development Minister M. Venkaiah Naidu and Delhi Chief Minister Arvind Kejriwal flagged off the much-awaited Heritage Line of the Delhi.
  • An extension of the Violet Line (ITO-Escort Mujeser), the 5.17 km heritage corridor comprises four stations, Delhi Gate, Jama Masjid, Lal Qila, and Kashmere Gate.
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