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General Awareness

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Daily G.K. - Top Stories

22 Aug 2017

INTERNATIONAL AFFAIRS

Creation of Islamic State in Pakistan

  • Milli Muslim League President Saifullah Khalid has announced plans for the creation of an Islamic State in Pakistan and clearly stated that Hafiz Saeed will play a major role in the party.
  • Declaring war on liberal elements in Pakistani society, MML leaders organized various public rallies in major cities on the day the country marked its 70th Independence Day.
  • Khalid also made it clear that Hafiz Saeed will also play a role in Pakistan politics and his designation by US as global terrorists would be no bar to a top job in the party.

Parliamentary Polls in Nepal

  • As per reports, Nepal will hold the Provincial and Federal House of Representatives elections in November.
  • In a cabinet meeting presided over by Prime Minister Sher Bahadur Deuba, it decided to hold the two elections in a single phase.
  • The decision to hold the elections came a week after the Madhes-based ethnic parties agreed to participate in these crucial elections during talks with the government even without amendments in the new Constitution.
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ENVIRONMENT

Old Trading Network Uncovered

  • Archaeologists have uncovered a vast trading network which operated in Vietnam from around 4,500 years ago up until around 3,000 years ago.
  • The discovery significantly changes what is known about early Vietnamese culture.
  • A study by researchers shows a number of settlements along the Mekong Delta region of Southern Vietnam were part of a sophisticated scheme where large volumes of items were manufactured and circulated over hundreds of kilometres.
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BUSINESS AND ECONOMY

Essar Seals Deal with Rosneft

  • Ruias-led Essar Group has concluded a $12.9 billion deal to sell its cash-rich Essar Oil to Rosneft and the consortium of Trafigura and UCP, but Indian lenders can get only Rs. 4,000 crore out of the Rs. 86,000 crore deal.
  • This is the single largest ever de-leveraging exercise undertaken in Indian corporate history as the deal will bring down Essar Group’s debt by 50%.

McDonald’s Terminates Pact

  • McDonald’s India has terminated the franchise agreement for all 169 fast-food outlets in north and east India run by Connaught Plaza Restaurant Ltd. (CPRL), alleging breach of contract terms and payment default.

First Filing under GST

  • As much as Rs. 42,000 crore has already come in as taxes so far in the first monthly filing under the new Goods and Services Tax (GST) regime and the revenues are expected to swell further.
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SPORTS

Srikanth Enters Second Round

  • Indian shuttler Kidambi Srikanth advanced to the second round of the World Championship with a win over Russian Sirant in the men's singles competition.
  • The eighth seeded Indian, who won the Indonesia Super Series Premier and Australian Super series Open in June.
  • He will now take on France's Lucas Corvee.
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NATIONAL AFFAIRS

AIADMK Merger

  • Six months after breaking up following the death of Jayalalithaa, the two factions of the AIADMK merged with rebel leader O. Panneerselvam made the Tamil Nadu Deputy Chief Minister and party Coordinator while the AIADMK decided to sack the now jailed V. K. Sasikala as general secretary.
  • Panneerselvam has been allocated the portfolios of Finance, Housing, Rural Housing, Housing Development, Slum Clearance Board, Town Planning, Urban Development, Chennai Metropolitan Development Authority and Accommodation Control.

Indian Navy Commisions New Ship

  • The Indian Navy commissioned an amphibious ship for transport and deployment of battle tanks.
  • The IN LCU L52, the second Landing Craft Utility (LCU) Mk-IV class was commissioned by Andaman and Nicobar Lt. Governor Jagdish Mukhi.
  • The second of its kind to enter the navy, the ship has been indigenously designed and built by Garden Reach Shipbuilders and Engineers, Kolkata.
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