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Daily G.K. - Top Stories

31 May 2017

INTERNATIONAL AFFAIRS

Trump Crosses Swords with Merkel

  • United States President Donald Trump ratcheted up tensions with Germany, blaming the key ally for not spending enough on defence and for America’s trade deficit.
  • Germany’s trade surplus with the U.S is growing. It rose to 252.9 billion euros in 2016.
  • Germany has the third largest trade surplus with the U.S, after China and Japan.

Support to President Jacob Zuma

  • According to a survey, only 18 per cent of traditional voters of the ruling African National Congress (ANC) party still support President Jacob Zuma.
  • About 62 per cent of the ANC supporters were opposed to the policies of Zuma.
  • Zuma will leave the post of the ANC head in December. His presidential mandate will end in 2019.

Nepal Unveils Budget for 2017-18

  • Deputy Prime Minister and Finance Minister Krishna Bahadur Mahara presented the budget for the fiscal year 2017-18 in the Parliament, which is 22 per cent more than that of the current fiscal year.
  • The budget has earmarked adequate funds for newly formed local bodies, giving resources for provincial and federal elections, major physical infrastructure projects and post-earthquake reconstruction works.
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ENVIRONMENT

Arachnid Last Seen 122 Years Ago

  • An arachnid predator species that was last seen 122 years ago in Burma has been spotted again, this time in Mumbai.
  • During surveys conducted in 2016, a female spider of the same species was discovered in the same locality, thus confirming that it was the Piranthus decorus that was last found in 1895 in Burma.
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BUSINESS AND ECONOMY

Cox & Kings to Spin off Forex Unit

  • The board of Cox & Kings Ltd. has approved the demerger of its foreign exchange division into a separate financial services company to be named Cox & Kings Financial Service Ltd. The demerger is effective from April 1, 2017 and subject to High Court and regulatory approvals.

Piramal Invests in Auto Parts

  • Piramal Enterprises Ltd., through its Piramal Finance Ltd. unit, has invested a total of Rs. 565 crore in two auto components companies as part of a strategy to focus on the sector.
  • The two companies are RSB Group and Indoshell Mould Ltd.

Adani Strikes Deal

  • Indian energy giant Adani Group has struck a deal on 'royalties payments' with the Queensland government for its 21.7 billion dollars coal mine project in Australia, a major breakthrough for the controversy-hit Carmichael venture.
  • This move would mean that the project was back on track to generate 10,000 direct and indirect jobs in the regional state.
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SCIENCE & TECHNOLOGY

Asia's Largest Computer Fair

  • Computex Taipei, Asia`s largest computer fair, is presenting the latest in robotics and artificial intelligence (AI), with the creation of a new section dedicated to this area of innovation.
  • More than 1,600 companies from 30 countries are participating in this year`s fair.
  • The fair also includes important information technology forums.

Potentially Habitable Super-earth Planet

  • Scientists have detected a new planet that could be habitable, located just 21 light years away.
  • The newly discovered planet, classified as Super-earth, may host liquid water on its surface.
  • Scientists say the planet thought to be a rocky world is roughly three times more massive than the Earth, and resides at the edge of the habitable zone of its host star GJ625 (Gliese 625).
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NATIONAL AFFAIRS

Stay on Sale of Cattle for Slaughter

  • The Madras High Court has temporarily put on hold the central government notification that outlawed sale of cattle for slaughter at animal markets triggering a political storm while directing the state and the Government of India to reply in four weeks.
  • As per the court it was an individual's right to choose his food, while hearing a public interest litigation against the Centre's recent notification imposing license raj to curb cattle slaughter.
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