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Daily G.K. - Top Stories

26 Jun 2017

INTERNATIONAL AFFAIRS

Erdogan Rejects Arab States’ Demand

  • Turkey’s President rejected a demand by major Arab states to remove Turkish troops from Qatar.
  • As per reorts, President Recep Tayyip Erdogan called the demand disrespectful and said that Turkey would not seek permission from others when making its defence cooperation agreements.
  • In a sign of support, the Turkish Parliament swiftly ratified a 2014 military agreement with Qatar earlier this month, allowing the deployment of troops to its base there.

Two-thirds of Mosul's Old City Seized

  • Iraqi forces have captured two-thirds of the Old City of Mosul, which was the main stronghold of the Islamic State in Iraq.
  • The Federal Police units were now very close to al-Sarj Khana district, one of the last remaining IS strongholds in the Old City.
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ENVIRONMENT

Antarctic Sea Ice Loss

  • As per a new study, a series of unprecedented storms over the Southern Ocean likely caused the most dramatic decline in Antarctic sea ice seen to date.
  • Antarctic sea ice, frozen ocean water that rings the southernmost continent, has grown over the past few decades but declined sharply in late 2016. By March of 2017, the end of the Southern Hemisphere’s summer – Antarctic sea ice had reached its lowest area since records began in 1978.
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BUSINESS AND ECONOMY

Paytm Mall Partners with Auto Dealers

  • E-marketplace Paytm Mall has partnered with more than a 1,000 dealers of both cars and two-wheelers to make available their digital product catalogue on its platform with an aim to push its online-to-offline business.
  • Such tie-ups with a local dealer enable discovery of their products and offers, according to the company. It added that these shops are also given the Paytm Mall QR Code solution wherein consumers can place an order for their products on the e-marketplace.

Control over Bank Credit

  • Led by western and southern states of India, bank credit has seen a manifold jump in the past 25 years as total outstanding credit soared to Rs. 68,78,500 crore from Rs. 1,04,300 crore during the 1990-2015 period.
  • With Rs. 41,70,600 crore of the total credit, the western and southern regions controlled as much as 60.6 per cent of the system as of financial year 2014-15.

E-commerce Channels to Sell Policies

  • Private sector life insurer Aegon Life Insurance Company is exploring options to sell policies via fintech and e-commerce platforms.
  • As per the company's Chief Digital Officer, digital channel is to become the primary channel for the insurers to expand customer base.
  • Aegon Life Insurance is a joint venture between global insurer Aegon and Bennett Coleman & Company (India).
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SPORTS

Srikanth Wins Australian Open

  • Indian shuttler Kidambi Srikanth defeated reigning Olympic and World champion Chen Long of China in the men's singles final of the Australian Open Super Series to lift his second successive Super Series title.
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NATIONAL AFFAIRS

Indian Army Expedites Buying Military Hardware

  • The Army has decided to fast-track procurement of UAVs, infantry combat vehicles and other military platforms for use by its troops in UN peacekeeping missions after the global body expressed unhappiness over poor quality of equipment used by the Indian soldiers.
  • A report by the UN pointed out poor maintenance and serviceability of equipment and platforms used by the Indian troops and held back a reimbursement amount of Rs. 338 crore.
  • Following the report, Vice Chief of Army Staff Lt General Sarath Chand has been given full financial powers to procure the required equipment and platforms so that they can be given to Indian troops serving in various conflict-ridden places.

Most Peaceful Polls in Six Decades

  • According to Chief Minister Sarbananda Sonowal, Karbi Anglong, one of the most volatile regions in Assam, has witnessed the most peaceful elections to an autonomous body in more than six decades.
  • The recently concluded election to the Karbi Anglong Autonomous Council (KAAC), comprising the two districts of Karbi Anglong and West Karbi Anglong, has been termed as the most peaceful polls held since 1952, when the council was created under the Sixth Schedule of the Constitution.
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