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Daily G.K. - Top Stories

29 Oct 2017

INTERNATIONAL AFFAIRS

Independence of Catalonia Seized

  • Spain moved to assert direct rule over Catalonia, replacing its executive and top officials to quash an independence drive that has pushed the country into uncharted waters and sent shock waves through Europe.
  • A government notice officially deposed regional leader Carles Puigdemont and his deputy Oriol Junqueras.
  • The announcement placed Deputy Prime Minister Soraya Saenz de Santamaria in charge of administering the region.
  • It is the first time the central government has curtailed autonomy in the region since dictator Francisco Franco’s repressive 1939-75 rule.

Bezos Overtakes Bill Gates

  • According to Forbes magazine, which closely follows the world`s greatest personal fortunes, taking into account, among other aspects, the value of their stock market assets, Bezos surpassed Gates as the richest person in the world.
  • This is not the first time that Bezos has outpaced Gates - it previously happened last July 27 when Amazon shares hit a historic high, though Gates took back the lead hours later.
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BUSINESS AND ECONOMY

PepsiCo Eyes More from Hydration

  • PepsiCo India Holdings, a fully-owned subsidiary of New York-based PepsiCo Inc. plans to double its revenue from the hydration segment of beverages from the current Rs. 1,000 crore in the next five years.

Growth of Peerless Group

  • Non-finance business is set to drive the future growth of the 85-year old Peerless General Finance & Investment Company Ltd. which has, over the years, marked its footprint in sectors such as hotels, hospitals and housing through wholly-owned subsidiaries and joint ventures.
  • PGF&I is the flagship venture of the Peerless Group which has in its fold a clutch of financial services companies and housing, hotel and hospital ventures.
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SPORTS

The Hindu Prize 2017

  • The shortlist for The Hindu Prize, 2017, which recognises the best work of Indian literary fiction of the year, was announced at The Hindu Lit for Life Annual Lecture.
  • The works which made it to the shortlist are: Leila by Prayaag Akbar, When I Hit You by Meena Kandasamy, The Ministry of Utmost Happiness by Arundhati Roy, The Small Town Sea by Anees Salim and Temporary People by Deepak Unnikrishnan.
  • The winner will be announced at the Lit for Life event to be held in January 2018.
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NATIONAL AFFAIRS

Virbhadra Singh to Contest from Arki

  • Arki, a small town 38 km from Shimla, has shot into prominence as Chief Minister Virbhadra Singh is contesting the seat in the Himachal Pradesh Assembly elections in November.
  • Mr. Singh vacated his traditional seat of Shimla (Rural) for his son, and shifted here, taking on Ratna Singh Pal, a first-time Bharatiya Janata Party candidate.

BJP Richest National Party

  • The two main political parties of Tamil Nadu, the DMK and the AIADMK have the highest income amongst all regional parties.
  • According to Association for Democratic Reforms (ADR) Dravida Munnetra Kazhagam (DMK) has the highest income amongst all regional parties, followed by All India Dravida Munnetra Kazhagam (AIADMK) and Telugu Desam Party (TDP).
  • BJP has the highest capital (National Party) at present followed by Mayawati's Bahujan Samaj Party (BSP).
  • The reserve funds of BJP, between FY 2004-05 and 2015-16 increased by 700 per cent while that of Indian National Congress (INC) increased by 169 per cent.
  • The highest percentage increase was seen in All India Trinamool Congress (AITC) with 13447 per cent followed by BSP with 1194 per cent.
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