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Daily G.K. - Top Stories

25 Aug 2017

INTERNATIONAL AFFAIRS

China Slams India over Road-building

  • China slammed India for apparently building a new road in the Ladakh sector.
  • According to Chinese Foreign Ministry spokesperson, the current road construction in that area by the Indian side is not conducive to peace and stability. It will not help with settlement of the current situation, referring to the Doklam face-off.

Qatar Sending Ambassador Back to Iran

  • Qatar restored full diplomatic relations with Iran early and promised to send its ambassador back to Tehran, a move counter to the demands of Arab nations trying to isolate Doha. Iran, which welcomed Doha’s decision, sent food and supplies to Qatar when the blockade began.
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BUSINESS AND ECONOMY

CPCL Allots Rs. 845 crore for Projects

  • Chennai Petroleum Corporation Ltd., (CPCL), a subsidiary of Indian Oil Corporation, will be making a capital expenditure of Rs. 845 crore on ongoing projects.
  • We are planning to expand the refinery capacity at Cauvery Basin Refinery (CBR) in Tamil Nadu.
  • The Resid Upgradation Project and Rs. 367 crore diesel hydrodesulphurisation unit revamp project would be completed by next month.

China Agrees to Tackle Trade Imbalance

  • China has agreed to send a high-level official team led by Commerce Minister Zhong Shan by December-end to address the issue of growing trade imbalance with India. The development could be termed a breakthrough for India which faces a ballooning goods trade deficit with its neighbour.
  • China — which was earlier dilly-dallying on a bilateral meeting on the issue despite India’s repeated requests — has now relented.
  • As per reports, China is keen to ensure that trade with India is not adversely affected by the prevailing military tension. In case of a full-fledged trade war, China will have much to lose.

New Rs. 200 Note

  • The Reserve Bank will issue new Rs. 200 denomination banknotes in the Mahatma Gandhi (New) Series, bearing signature of RBI Governor Urjit Patel.
  • Initially, the new Rs. 200 notes will be circulated by select RBI offices, and some banks.
  • Introduction of a new currency denomination and design is done keeping in consideration various factors like ease of transactions, replacement of soiled banknotes, inflation and the need for combating counterfeiting.
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SPORTS

UEFA Player of the Season for 2016/17

  • Real Madrid forward Cristiano Ronaldo has been named as the UEFA Player of the Season for 2016/17, inscribing his name for the third time.
  • The 32-year-old grabbed the silverware with 232 votes, finishing ahead of arch-rival Messi (141 votes) and Buffon (109 votes). It was for the second consecutive time, but third in overall, with his first coming off following his spectacular performance in the 2013-14 season. His thrid European Player of the Season award puts him ahead of Argentine Lionel Messi, who has two such awards to his name.
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NATIONAL AFFAIRS

Tata Sons Ropes in Roopa Purushothaman

  • Tata Sons has roped in Everstone Capital’s head of research Roopa Purushothaman as its chief economist and head of policy advocacy.
  • Ms. Purushothaman will drive macro-economic research as well as all policy and advocacy initiatives relevant to the businesses of the Tata Group. She is a graduate from the Yale University and a post-graduate from the London School of Economics.
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