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Daily G.K. - Top Stories

13 Aug 2017

INTERNATIONAL AFFAIRS

Israel Building New Wall

  • Israel is building another wall to protect itself from its enemies. But rather than a major eyesore, much of this one will be invisible.
  • As per military officials, the army will be accelerating construction of a subterranean barrier around the Gaza Strip, designed to cut off tunnels running beneath the border into Israel like the ones Hamas militants used to ambush Israeli military posts during the summer-long war of 2014.
  • Israeli military officials are being understandably cagey about how the new underground barrier will work, other than to say it will also include an aboveground section and incorporate layers of advanced technological systems.

Xi Calls for Calm

  • Chinese President Xi Jinping made a plea for cool-headedness over escalating tensions between the U.S. and North Korea in a phone conversation with U.S. President, urging both sides to avoid words or actions that could worsen the situation.
  • Mr. Trump has pushed China to pressure North Korea to halt a nuclear weapons program that is nearing the capability of targeting the United States.
  • According to China, it alone can’t compel Pyongyang to end its nuclear and missile programs.

Russia Names New Fighter Jet

  • Russia has officially unveiled fifth-generation fighter jet AK FA as the Su-57.
  • The Russian jet had been known as the (Prospective Airborne Complex of Frontline Aviation) PAK FA and T-50 during its development by aircraft maker Sukhoi.
  • Su-57 is cheaper and its maximum cruising speed is reportedly 2,600 kilometres per hour, while its maximum altitude is 20 kilometres.
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ENVIRONMENT

Largest Volcanic Region on Earth

  • Scientists have uncovered the largest volcanic region on Earth, consisting of almost 100 volcanoes two kilometres below the surface of the vast Antarctic ice sheet.
  • The newly discovered volcanoes range in height from 100 to 3,850 metres. All of them are covered in thick layers of ice.
  • These active peaks are concentrated in a region known as the west Antarctic rift system, which stretches 3,500 km from Antarctica's Ross Ice Shelf to the Antarctic Peninsula.
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BUSINESS AND ECONOMY

Advent to Buy Stake in Dixcy

  • Advent International, a leading global private equity investor, has in-principle agreed to acquire significant stakes in Dixcy Textiles Private Limited.
  • With this deal, the company is moving away from being a family entity, after 35 years, and plans to catapult as a public limited venture.
  • Dixcy, started in 1982 as a proprietorship company, became a private limited firm two decades later, and has remained entirely under the ownership of founder Prem Prakash Sikka’s family.

Respectable Share in World Exports

  • As per the second volume of the Economic Survey, rationalising tariffs, phasing out some export promotion schemes and having useful free trade agreements with some major countries will help India gain a respectable share in world exports.

Credentials of 107 Unlisted Companies

  • The Securities and Exchange Board of India asked brokers to verify the credentials and fundamentals of 107 unlisted companies that are suspected to be shell companies.
  • Brokers, who have registered any of the 107 companies as clients, have been asked to seek auditor's certificate from these companies with information on status of filing of income tax return for the last three years and pending disputes with income tax department.
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NATIONAL AFFAIRS

Claim on Babri Land

  • As per senior Shia cleric Maulana Kalbe Sadiq, peace in the issue of Babri Masjid must be advocated.
  • He said that if the Supreme Court's verdict is in their favour, then the Muslim community should give up their claim on the disputed land.
  • If Babri Masjid verdict is not in favour of Muslims, then they should peacefully accept it. And if the verdict is in favour of Muslims then they should happily give the land to Hindus. The issue should be dealt with respect by both the communities.
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