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Daily G.K. - Top Stories

17 Nov 2017

INTERNATIONAL AFFAIRS

Qatar Sets $200 as Minimum Wage

  • Qatar has set a temporary minimum wage for migrant workers worth some $200 a month, a benchmark reform following criticism of its preparations for the 2022 World Cup.
  • As per Labour Minister Issa al-Nuaimi, the temporary minimum wage will immediately come into effect, while officials work on setting a permanent rate. In addition to the new salary, labourers will receive free accommodation, food and healthcare plans, covered by employers.

Israel Ready to Cooperate with Saudi Arabia

  • As per Israel`s military chief of staff, his country was prepared to cooperate with Saudi Arabia to face Iran`s plans to control the Middle East.
  • Israel is ready to exchange experience with the moderate Arab countries and exchange intelligence information to face Iran.

Lebanese PM Free to Leave

  • Lebanese Prime Minister Saad Hariri is free to leave Saudi Arabia when he pleases, the kingdom said, rejecting accusations from Beirut that he was being held in Riyadh following his shock resignation.
  • Hariri has been in the Saudi capital since announcing that he was stepping down.
  • Lebanese President Michel Aoun this week accused Saudi authorities of detaining the premier.
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BUSINESS AND ECONOMY

BASF Partners Indian Firms

  • Germany-based chemicals company BASF SE, through its subsidiary BASF South East Asia Pte Ltd. has entered into a strategic partnership with Vital Therapeutics Pvt. Ltd. a manufacturer of vitamin premixes and veterinary formulations in India, to bring a new product for the feed industry in India and the rest of South Asia.
  • BASF has also entered into a distribution agreement with Avitech Nutrition Pvt. Ltd., a leader in animal nutrition in India.

RIL Partners VF Corporation

  • Reliance Industries Limited (RIL) has entered into a partnership with VF Corporation, owner of the Wrangler brand, for co-branding a new range of denim apparels. VF will unveil Inficool denim range for Spring Summer 2018 in its Asian markets — China, Japan, India and Thailand.
  • The co-branding exercise will give RIL a foothold in the Rs. 2,50,000 crore Indian apparel Industry.
  • RIL has partnered with 25 textile manufacturers across the country so far and plans to have tie-ups with more spinners and weavers to make speciality fabrics.

Paytm Ties Up With ICICI

  • E-commerce major Paytm has tied up with ICICI Bank to offer credit facility for its customers for up to Rs. 20,000.
  • Paytm customers can avail the loan and enjoy an interest free period for 45 days. After the interest free period, a 3% interest rate will be charged per month.
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SPORTS

China Open Super Series Premier 2017

  • P. V. Sindhu entered the quarter finals of the 2017 China Open Super Series Premier.
  • Sindhu defeated China’s Han Yue in straight games.
  • National champions Saina Nehwal and H. S. Prannoy crashed out of their respective singles events.
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NATIONAL AFFAIRS

Water Level Drops in Major Reservoirs

  • The water level in 91 major reservoirs across the country has gone down to 66 per cent of their total storage capacity from 67 per cent last week.
  • The reservoirs in states such as Rajasthan, Jharkhand, Odisha, Gujarat, Uttar Pradesh, Madhya Pradesh, Chhattisgarh and Telangana have reported lesser storage level than last year.
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