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Daily G.K. - Top Stories

02 Aug 2017

INTERNATIONAL AFFAIRS

Abbasi Replaces Nawaz Sharif

  • Following the ouster of Nawaz Sharif as Prime Minister, Pakistan’s lawmakers elected Shahid Khaqan Abbasi, nominated by the Pakistan Muslim League-Nawaz (PML-N), as Prime Minister. Mr. Abbasi secured 221 votes in the 342-member National Assembly, while the three candidates fielded by the divided Opposition got 84 votes in total.
  • Shahabaz Sharif, the former Prime Minister’s younger brother, is expected to succeed Mr. Abbasi in six weeks after his election to the National Assembly.

Turkey and Qatar Joint Military Exercises

  • Turkey and its main regional ally Qatar launched military exercises in the emirate that will involve some 250 Turkish troops and 30 armoured vehicles.
  • The exercises come as Ankara presses on with its unequivocal backing of Doha in the crisis triggered by the political and economic isolation of Qatar by Gulf and other Arab states led by Saudi Arabia.

Highest HIV Prevalence Rate

  • As per Statistic South Africa, the estimated overall HIV prevalence rate is approximately 12.6 per cent among the South African population, the highest prevalence in the world.
  • According to its mid-year population estimates for 2017, the total number of people living with HIV is estimated at approximately 7.06 million in 2017.
  • South Africa also has the world’s biggest HIV treatment program covering over 3.4 million people.
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ENVIRONMENT

Harsher Winters in Europe

  • Researchers have warned that Arctic ice loss could lead to harsher winters and stormier weather in Europe because of its impact on Atlantic Ocean currents.
  • The research found that a decline in sea ice cover caused by global warming could weaken the Atlantic Meridional Overturning Circulation (AMOC) -- a large-scale ocean circulation system that affects climate.
  • AMOC is responsible for transporting heat from low to high latitudes.
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BUSINESS AND ECONOMY

Mukesh Ambani Asia’s Second Richest Person

  • According to the Bloomberg Billionaires Index, Mukesh Ambani, chairman of Reliance Industries (RIL), has pipped Hong Kong’s Li Ka-Shing to become Asia’s second-richest person.
  • Mr. Ambani’s wealth has jumped 54.8%, or by $12.5 billion, in 2017 to $35.2 billion.

Manufacturing Activity to the Lowest Level

  • Manufacturing activity in July slowed to 47.9, the lowest level since February 2009, due almost entirely to the introduction of the Goods and Services Tax.
  • According to Indian manufacturers, higher tax rates sparked greater cost burdens in July.

eBay India Merger

  • E-commerce major Flipkart has completed the merger with eBay India's operations.
  • With this, eBay.in will now be a Flipkart Group company. The deal was announced in April when the Flipkart group raised $ 1.4 billion from global technology majors eBay, Tencent and Microsoft.
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NATIONAL AFFAIRS

Arvind Panagariya Resigns

  • Niti Aayog vice chairman Arvind Panagariya has written to Prime Minister Narendra Modi to relieve him of his duties by August 31 as he was not getting extension of leave from Columbia University.
  • The Indian-American economist and Professor of Indian Political Economy at Columbia University, Panagariya had joined as the first vice chairman of the Niti Aayog, which had replaced the Planning Commission, in January 2015.

NOTA in Rajya Sabha Polls

  • The Congress approached the Election Commission against the use of None of the Above (NOTA) option in the upcoming Rajya Sabha elections, claiming it was violative of the Constitution and electoral laws, but the poll panel maintained that it was not a new direction and was introduced in 2014.
  • As per the Congress memorandum, the use of NOTA in an indirect election is contrary to the mandate of the, Constitution, the Representation of the People Act, as well as conduct of election rules.

Transfer of Sentenced Persons

  • India and Somalia signed a bilateral agreement for the transfer of sentenced persons, thus deepening humanitarian cooperation between the two countries.
  • The agreement was signed between External Affairs Minister Sushma Swaraj and Foreign Minister of the Federal Republic of Somalia Yusuf Garaad Omar.
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