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Daily G.K. - Top Stories

24 Jul 2017

INTERNATIONAL AFFAIRS

Russian Envoy Kislyak Ends Term

  • The Russian ambassador to the United States, Sergei Kislyak, a prominent figure in the controversy over Russia’s possible involvement in the 2016 U.S. presidential election, has ended his assignment in Washington.
  • Mr. Kislyak’s successor has not been announced.

Russia Keen to Sell MiG-35 to IAF

  • Russia is keen on selling its new fighter jet MiG-35 to India with the MiG corporation's chief saying the country has evinced interest in the aircraft and talks were on to understand its requirements.
  • The MiG-35 is Russia's most advanced 4++ generation multipurpose fighter jet developed on the basis of the serial-produced MiG-29K/KUB and MiG-29M/M2 combat aircraft.

Iran Vows Full Support for Iraq

  • Iran will continue full support to Iraqi government and nation to establish security and stability.
  • Iran hailed the Iraq's recent achievements in the fight against terrorism and liberation of the northern city of Mosul.
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ENVIRONMENT

Giant Dinosaur Fossil Wall Unearthed

  • A giant dinosaur fossil wall has been discovered by a team of Chinese paleontologists in southwest China's Chongqing city.
  • The site is believed to be the largest of its kind in the world.
  • It is said that the fossils at the site in Yunyang County are believed to be from the Jurassic Period.
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BUSINESS AND ECONOMY

Payments Bank for the Informal Sector

  • There are two kinds of banking licences that are granted by the Reserve Bank of India - universal bank licence and differentiated bank licence. Payments bank comes under a differentiated bank licence since it cannot offer all the services that a commercial bank offers. In particular, a payments bank cannot lend. It can take deposits up to Rs. 1 lakh per account and it can issue debit cards but not credit cards.
  • The main objective is to further financial inclusion by providing small savings accounts and payments/remittance services to migrant labour workforce, low income households, small businesses and other unorganised sector entities.
  • Out of the 11 entities that received in-principle licence for opening payments bank, 7 entities received the final licence. Four payments banks have started operations — Airtel Payments Bank, India Post Payments Bank, Paytm Payments Bank and Fino Payments Bank.
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SPORTS

US Open Grand Prix

  • Former Commonwealth Games gold medallist Parupalli Kashyap set up title date with H. S. Prannoy at the USD 120,000 US Open Grand Prix Gold.
  • After October 2015, it is the first final for Kashyap in 21 months, while Prannoy, who has always been plagued by injuries, also reached his first summit clash after clinching the Swiss Open last year.
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NATIONAL AFFAIRS

Former ISRO Chief Passes Away

  • Former space scientist and Indian Space Research Organisation (ISRO) Chairman Udupi Ramachandra Rao passed away.
  • Udupi Ramachandra Rao had served as the organisation's head from 1984-1994. He had launched India's first satellite Aryabhatta in 1975.
  • Rao was the recipent of Padma Bhushan in 1976 and Padma Vibhushan in 2017.
  • He was the first Indian to be inducted in the Satellite Hall of Fame - Washington in 2013 and in International Astronautics Federation (IAF) in 2016.

Leader of Opposition in Gujarat Assembly Quits

  • Veteran leader Shankersinh Vaghela, who quit the grand old party Congress on July 21 has resigned as Leader of Opposition in the Gujarat Assembly.
  • His resignation letter which was sent to party President Sonia Gandhi clearly mentioned that Vaghela was forced to take this tough decision as some Congress leaders were conspiring against him ahead of the Assembly polls, expected to be held in Gujarat in December.

Terror Attacks in India

  • According to the latest data compiled by the US State Department, India has witnessed the third highest number of terrorist attacks in 2016, more than Pakistan that has slipped to the fourth position.
  • Iraq with 2,965 terrorist attacks and Afghanistan with 1,340 terrorist attacks, were ranked first and second respectively, followed by India that recorded 927 attacks and Pakistan at 734 attacks.
  • The department said that more than half of the terrorist attacks in India in 2016 took place in four states: Jammu and Kashmir at 19 per cent, Chhattisgarh at 18 per cent, Manipur at 12 per cent, and Jharkhand at 10 per cent.
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