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Daily G.K. - Top Stories

28 Jul 2017

INTERNATIONAL AFFAIRS

Japan’s Opposition Leader Quits

  • The leader of Japan’s main Opposition party stepped down, citing her failure to regain voter support despite a series of scandals buffeting the ruling party.
  • Ms. Renho became her party’s first female leader and was considered a possible future Prime Minister, when the Democrats were in power from 2009 to 2012. Since then they have lost significant ground in parliamentary and local elections, including Tokyo city assembly elections earlier this month.

Jeff Bezos Becomes World`s Richest Person

  • Amazon CEO Jeff Bezos has become the world’s wealthiest man, surpassing Microsoft co-founder Bill Gates.
  • The Forbes magazine’s real-time tracking of personal fortunes showed Bezos with a net worth of USD 90.5 billion, ahead of the USD 90 billion for Gates.

EU to Face UK Migration Curbs

  • Migrants from the European Union (EU) will face similar visa requirements as non-EU migrants at the end of the Brexit deadline.
  • Freedom of movement, a facet of Britain's membership of the EU, will end as soon as Britain leaves the 27-member economic bloc, the deadline for which is March 2019.
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BUSINESS AND ECONOMY

Bandhan Bank’s NPAs Rise

  • Bandhan Bank Ltd.’s (BBL) recovery of loans has been impacted by talk of farm-loan waivers in three States and the ongoing strike in Darjeeling and adjoining areas.
  • BBL’s first- quarter results showed that gross NPAs had increased to Rs. 175 crore in the quarter ended June 30, 2017, from Rs. 86 crore at March-end. The bank ended the first quarter with a net NPA of 0.49% against 0.14% a year earlier.
  • Majority of the NPAs was on account of defaults in three States — Uttar Pradesh, Madhya Pradesh and Maharashtra.

FreeCharge Acquired by Axis Bank

  • Private sector lender Axis Bank has decided to acquire digital wallet FreeCharge from e-commerce firm Snapdeal in an all cash deal worth Rs. 385 crore.
  • Axis Bank had entered into an agreement with Jasper Infotech Private Limited (which owns and operates Snapdeal) to acquire 100% stake in its subsidiaries viz. FreeCharge Payment Technologies Private Limited and Accelyst Solutions Private Limited, which together constitute the digital payments business under the FreeCharge brand.

Food Sector Draws $183m FDI

  • According to Union food processing industry minister Harsimrat Kaur Badal, the country is seeing a lot of interest from foreign players in the food processing sector and in the first two months of FY18 alone, India attracted Foreign Direct Investment (FDI) of $183 million.
  • The biggest policy reform that came in the food sector is allowing 100% FDI in multi-brand retailing of food that is processed and manufactured in India.
  • The biggest advantage of foreign players investing in the Indian market is that these players constantly seek local partners to do business with in the country, benefitting both the countries.
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SCIENCE & TECHNOLOGY

Apps to Send Alerts Launched

  • The government launched two mobile apps - 'India Quake' for dissemination of earthquake parameters and the other one 'Sagar Vani' to disseminate ocean related information and alerts (like high waves and Tsunami early warnings) to the user community in timely manner for their safety.
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SPORTS

Dhawan at Par with Sir Don Bradman

  • Shikhar Dhawan’s 190 on the opening day of the first Test against Sri Lanka at Galle put him at par with batting greats like Sir Don Bradman and Virender Sehwag.
  • Shikhar Dhawan scored 126 runs between lunch and tea session as the Indian opener became only the third batsman after Don Bradman and Virender Sehwag in the history of Test cricket to score 100-plus runs in a session twice.
  • Dhawan had scored 106 runs between lunch and tea break during his Test debut against Australia at Mohali in 2012-13.
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NATIONAL AFFAIRS

Three Congress MLAs Join BJP

  • In yet another jolt to the Congress in Gujarat, three MLAs considered close to Shankarsinh Vaghela quit the grand old party and joined the BJP.
  • The development came on the day when BJP chief Amit Shah was in Gandhinagar to attend a meeting of party MLAs called to chalk out the strategy for the Rajya Sabha polls.
  • The resignation of Balwantsinh Rajput, the party's chief whip in the Assembly, Tejashreeben Patel and Prahlad Patel reduced the Congress's tally to 54 in the 182-seat assembly.

Bypolls in August

  • The Election Commission announced that by-elections to fill four vancancies in Andhra Pradesh, Goa and Delhi legislative assemblies will be held on August 23.
  • The counting will take place on August 28.
  • The four assembly seats are Nandyal in Andhra Pradesh, Valpoi and Panaji in Goa and Bawana in Delhi.

Top Choice of JEE 2017 Toppers

  • Indian Institute of Technology (IIT) Bombay has emerged as the first choice of among JEE 2017 toppers. IIT Delhi was the second most favoured engineering college.
  • About 65 of the top 100 JEE rankers have opted for IIT Mumbai, while 31 chose IIT Delhi.
  • This signals a major shift in student's perception. About 20 years ago, IIT Kharagpur was the most preferred institute, followed by IIT Madras and IIT Kanpur.
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