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Daily G.K. - Top Stories

29 Aug 2017

INTERNATIONAL AFFAIRS

North Korea Fires Missile over Japan

  • North Korea fired a missile early that flew over Japan and landed in the Pacific waters off the northern region of Hokkaido.
  • The last North Korean projectile to fly over Japan was in 2009. The United States, Japan and South Korea considered that launch to have been a ballistic missile test while North Korea said it was a rocket carrying a communications satellite into orbit.

US Venezuela Sanctions

  • Moscow slammed new US sanctions on Venezuela.
  • The announced sectoral sanctions against Venezuela`s financial and oil sector are quite obviously aimed at aggravating the out-of-balance situation in the country and aggravating the economic problems.

Iran Building Missile Production Sites

  • According to Prime Minister Benjamin Netanyahu, Iran is building sites to produce precision-guided missiles in Syria and Lebanon, with the aim of using them against Israel.
  • At a meeting with U.N. Secretary-General Antonio Guterres, Netanyahu accused Iran of turning Syria into a base of military entrenchment as part of its declared goal to eradicate Israel.
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BUSINESS AND ECONOMY

World's First Diamond Futures Contracts

  • The Indian Commodity Exchange Limited (ICEX), a Reliance ADAG-anchored platform launched the world`s first diamond futures contracts to provide exporters with a hedging tool.
  • ICEX had earlier received approval from the market regulator SEBI to commence trading with diamond futures contracts.
  • Reliance Capital, part of the Anil Ambani-led Reliance Group, is the largest investor in the exchange.

Government to sell 5% Stake in NTPC

  • The government will sell 5 per cent stake in the country's largest power producer NTPC at Rs. 168 per share to raise about Rs. 7,000 crore.
  • The share sale through an offer for sale (OFS) will happen over two days.
  • The government has so far this fiscal raised over Rs 8,800 crore through disinvestment in six companies.

Textile Mills Cut Cotton Purchases

  • Faced with contamination in cotton from Gujarat, the largest producer of the crop in the country, textile mills in the south have cut procurement by about 40% or nearly 15 lakh bales (a bale is 170 kg) from the state during the 2016-17 season (October-September).
  • Textile mills in the south buy around 40 lakh bales of cotton from Gujarat, which produces nearly 95 lakh bales per season. Some mills have totally stopped buying Gujarat cotton. The contamination results in a fall in the quality of yarn. It also leads to a 5% drop in yarn output.
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SCIENCE & TECHNOLOGY

Hitachi Launches Unified Compute Platform

  • Hitachi Data Systems (HDS) and VMware Global Innovation OEM Partner of the Year launched the Hitachi Unified Compute Platform (UCP) RS series, a fully integrated, software-defined data centre (SDDC) rack-scale platform, powered by VMware Cloud Foundation.
  • Hitachi UCP RS, which is now available to all, enables customers to embrace hybrid cloud for faster time to market and pay-as-you-go economics.
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NATIONAL AFFAIRS

Doklam Disengagement

  • India and China have almost completed the disengagement of border personnel at Dokalam ahead of the BRICS summit in Beijing which is expected to be attended by Prime Minister Narendra Modi.

BJP Wins Goa Bypolls

  • The results for Assembly polls in four constituencies falling in Delhi, Goa and Andhra Pradesh were declared yesterday.
  • Delhi Chief Minister Arvind Kejriwal, Aam Aadmi Party registered an emphatic win in the Bawana byelections.
  • The ruling BJP won the by- elections to two assembly seats in Goa.
  • N. Chandrababu Naidu-headed Telugu Desam Party defeated its arch rival YSR Congress in Nandyal Assembly constituency of Andhra Pradesh.

Dipak Misra 45th Chief Justice of India

  • Justice Dipak Misra was sworn-in as the 45th Chief Justice of India (CJI), succeeding Justice Jagdish Singh Khehar.
  • Justice Misra will have a tenure of over 13 months as the CJI.
  • He was appointed a Judge of the Supreme Court of India in October 2011.
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