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Daily G.K. - Top Stories

01 Sep 2017

INTERNATIONAL AFFAIRS

Tal Afar Fully Liberated from IS

  • Iraq’s Prime Minister Haider al-Abadi declared the town of Tal Afar fully liberated from the IS after a nearly two-week operation, the latest blow to the jihadists who controlled nearly a third of the country just three years ago.

Closure of Russian Consulate

  • The United States ordered Russia to close its consulate in San Francisco as well as two annexes in Washington and New York in two days, in a tit-for-tat response to Moscow’s drastic reduction of U.S. diplomatic staff in their country.

Iran Complying with Nuclear Deal

  • As per a UN atomic watchdog report, Iran remains in compliance with the 2015 nuclear deal even as growing tensions between Tehran and Washington threaten to torpedo the landmark agreement.
  • While US sanctions imposed over Iran`s nuclear work remain suspended, Washington has ramped up others related to Tehran`s support for "terrorism", its ballistic missile programme and its human rights record.
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BUSINESS AND ECONOMY

Core Sector Output Growth

  • Core sector output grew 2.4% year-on-year in July, helped by a low base in sectors including steel and electricity. The production performance of eight core industries — which comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP) — in July 2017 was faster than June’s 0.8%. Cumulative growth during April-July, 2017-18, was 2.5%.
  • The modest uptick in core sector growth in July 2017 relative to the previous month was driven by a favourable base effect for steel, cement, fertilizers and electricity.

Fiscal Deficit in July

  • India’s fiscal deficit at July-end touched 92.4% of the budget mainly because of front loading of expenditure by various government departments.
  • In absolute terms, the fiscal deficit — the difference between expenditure and revenue — was Rs. 5.04 lakh crore during April-July 2017-18.
  • For 2017-18, the government aims to bring down the fiscal deficit to 3.2% of the GDP. Last fiscal, it had met the deficit target of 3.5% of the GDP.

PNB Loans Get Cheaper

  • Punjab National Bank has cut marginal cost based lending rates by up to 0.25 per cent for select maturities, effective from (Sept 01).
  • The state-owned lender has also slashed its base rate by 0.20 percent to 9.15 per cent.
  • Banks had adopted MCLR from April 2016 following the directive of Reserve Bank of India. However, a majority of them still follow the base rate or the minimum lending rate formula to charge interest on loans.
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SCIENCE & TECHNOLOGY

IRNSS-1H Satellite Launch Unsuccessful

  • India’s attempt to launch its eighth regional navigation satellite failed. The satellite IRNSS-1H didn’t come out of the heat shield as it should have, though the rocket’s lift off was as planned.
  • As per ISRO chief A. S. Kiran Kumar, there was no problem in any of the stages. But the heat shield has to separate. And once that happens the satellite gets into the orbit. It got separated internally. But it’s enclosed within the heat shield in the fourth stage.
  • IRNSS-1H was being sent to space to back up — and mostly replace — the functions of India's first navigation satellite.
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SPORTS

Kohli Stitches 10th Double-century Stand

  • India captain Virat Kohli became the first player in the history to stitch ten double-hundred stands in ODIs. The 28-year-old achieved this feat against Sri Lanka.
  • Rohit and Kohli added 219 runs for the second-wicket stand.
  • In the process, Kohli also surpassed Lankan legend Sanath Jayasuria to become the batsman with third most ODI hundreds, with 29. Kohli is just one behind Aussie great Ricky Ponting.

World Boxing Championships

  • Wildcard entrant Gaurav Bidhuri settled with a bronze medal in the World Boxing Championships after losing to Duke Ragan in the semi-final.
  • India thus ended the tournament with a bronze medal.
  • Gaurav joined a rare club of world championship medallists from India -- the past winners being Vijender, Vikas and Shiva.
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NATIONAL AFFAIRS

Next Comptroller and Auditor General

  • As per reports, Rajiv Mehrishi, who retired as the union home secretary, will be the next Comptroller and Auditor General (CAG).
  • Mehrishi will be replacing Shashi Kant Sharma, who was appointed by the UPA government in May 2013. He completes his term as the country's top auditor next month-end.
  • The CAG is appointed for a term of six years or till the incumbent attains the age of 65 years, whichever is earlier.

Sunil Arora Appointed Election Commissioner

  • Former bureaucrat Sunil Arora was on Thursday appointed Election Commissioner.
  • After Nasim Zaidi retired as Chief Election Commissioner in July, there was a vacancy in the poll panel.
  • Achal Kumar Joti is the CEC, Om Prakash Rawat is the other Election Commissioner.
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