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Daily G.K. - Top Stories

26 Jul 2017

INTERNATIONAL AFFAIRS

Pakistan's High Commissioner to India Retires

  • Pakistan's High Commissioner to India Abdul Basit has sought an early retirement and his request has been formally accepted by Prime Minister Nawaz Sharif.
  • Basit was due to retire from the Ministry of Foreign Affairs in April 2018.
  • Sohail Mahmood, the new designated High Commissioner to India, is expected to take up his responsibilities next month.

Sanctions on Russia, Iran and North Korea

  • The US House of Representatives has overwhelmingly voted to impose new sanctions against Russia, Iran and North Korea for their dangerous and belligerent actions that undermine America and its allies.
  • The Russia, Iran and North Korea sanctions bill was passed with a 419-3 votes.
  • The bill is aimed at punishing Moscow for meddling in the US presidential election and its military aggression in Ukraine and Syria. It also seeks to make Tehran pay a price for its continued support of terrorism.
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ENVIRONMENT

Indian Ocean Level

  • Recent studies by Indian scientists had revealed that the trend of sea level rise in the north Indian Ocean is slightly higher than the global estimate of 3.2 mm per year.
  • The possibility of sea level rise in the next ten years is about 3.2 cm in the north Indian Ocean, if the sea level acceleration remains similar.
  • Over the period of 100 years, between 1901 to 2010, the global mean sea level had risen by 19 cms or 0.19 meters.
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BUSINESS AND ECONOMY

Bharti Net Slumps

  • Bharti Airtel reported a 75% slump in the first-quarter net profit as the telecom market remained turbulent due to disruptive pricing by latest entrant Reliance Jio.

Paytm Mall Delists Six Logistics Partners

  • Paytm Mall has delisted 50% of its logistics partners, stopping deliveries to more than 9,000 pincodes where guaranteed assistance for return or replacement of goods purchased on the platform was not assured.
  • The company routinely evaluates existing logistics partners and aggregation centres to review their performance and buyer feedback. Based on this audit, the company has delisted 6 out of 14 logistics partners and 30 courier aggregation centres.
  • The move will limit deliveries from the platform to 17,000 pincodes from 26,000 earlier.

Vedanta Ltd Q1 Profit Doubles

  • Mining conglomerate Vedanta Ltd's consolidated profit after tax doubled for the quarter through June, driven by strong show in zinc and oil and gas businesses.
  • Total income during the quarter was at Rs. 20,397 crore, an increase of 23 per cent over a year ago.
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SPORTS

H. S. Prannoy Wins US Open

  • H. S. Prannoy notched up a thrilling three-game win over Commonwealth Games champion Parupalli Kashyap in an all-Indian final to clinch the USD 120,000 US Open Grand Prix Gold.
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NATIONAL AFFAIRS

India Rejects OIC Resolutions

  • According to India, the Organisation of Islamic Cooperation (OIC) had no locus standi in the country's internal affairs after the 56-member body demanded that New Delhi implement the UN resolutions on Jammu and Kashmir.
  • The Ministry of External Affairs has termed the resolutions as misleading.
  • This is not the first time. In April last year also, India had asked OIC to refrain from making statements regarding country's internal matters.

Ram Nath Kovind Sworn in as President

  • Ram Nath Kovind was sworn in as 14th President and called for making India an economic leader as well as a moral exemplar.
  • He was administered the oath of office by Chief Justice of India J. S. Khehar in Parliament's Central Hall.

Naval Petrol Warships Launched by Private Sector

  • Reliance Defence and Engineering Limited (RDEL), a subsidiary of Reliance Infrastructure, launched the first two offshore naval petrol vessels (NOPVs) at their shipyard in Pipavav, Gujarat.
  • The two NOPVs, 'Shachi' and 'Shruti', are among five ships being constructed by RDEL under the P-21 project of the Indian Navy.
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