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Daily G.K. - Top Stories

20 Nov 2017

INTERNATIONAL AFFAIRS

Robert Mugabe Agrees to Resign as Zimbabwe’s President

Robert Mugabe agreed to resign as Zimbabwe’s President hours after the ruling ZANU-PF party fired him as its leader following 37 years in charge .ZANU-PF had given the 93-year old less than 24 hours to quit as head of state or face impeachment. 

President of Sinn Fein to Step Down in 2018

Gerry Adams has announced he is stepping down as President of Sinn Fein, once the political arm of the now inactive Irish Republican Army (IRA). He has been the President of Sinn Fein since 1983.

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BUSINESS AND ECONOMY

Xiaomi to Invest $1 Billion in Tech Startups in India

Chinese phone and appliances maker Xiaomi Corp will invest as much as $1 billion in 100 startups in India over the next five years, seeking to create an ecosystem of apps around its smartphone brand.  Xiaomi and its sister company Shunwei Capital, which have purchased stakes in six Indian internet companies including Hungama and KrazyBee, will invest in businesses such as content, financial technology, hyperlocal services, including mobile phone repairs, and manufacturing in order to increase the adoption of mobile internet in the country.

If the company meets its investment target, it would become one of the most prolific internet 

Govt Unlikely to Allow FDI in Non- Food Retail

Wary of the potential electoral fallout of breaching its promise not to permit foreign direct investment (FDI) in multibrand retail, the National Democratic Alliance (NDA) government has decided not to allow foreign supermarket chains to sell non-food items during its current tenure, which ends in 2019. The food processing ministry wants foreign supermarkets to be allowed to sell non-food items up to 25% of total sales. Foreign supermarket chains have pointed out that opening food retail chains does not make sense as the profit margin in such businesses is thin, and the food processing ministry, which is spearheading the proposal, has recommended allowing some non-food items to be sold in such stores to make the model viable.

Global supermarket chains such as Wal-Mart Stores Inc, Tesco Plc and Metro Cash and Carry have been keen on such a change and had conveyed their views to the central government.
 

TPG to Sell Stake in Asia Healthcare Platform

Asia Healthcare Holdings (AHH), the healthcare platform set up by American private equity fund TPG Capital, is in talks to raise as much as $100 million by selling a significant minority stake. TPG has hired Kotak Investment Banking to handle the deal. The valuation and the exact quantum of stake that will be sold will be decided in further discussions. 

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SCIENCE & TECHNOLOGY

Pollution Control Board Wants a New Smog Alert System

The country’s top pollution-monitoring body wants a smog alert system in place for Delhi, where air quality has just begun to improve after almost two weeks of toxic haze.he Central Pollution Control Board (CPCB) wants the India Meteorological Department (IMD) to warn Delhi in advance about the dust storms in west Asia and also cyclones brewing in the Bay of Bengal, both of which have a bearing on the city’s air. According to officials, an early warning system will give authorities the headroom to minimise the impact of foul air.

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SPORTS

Afghanistan Wins U- 19 Asia Cup

Afghanistan thrashed Pakistan by 185 runs to clinch their first maiden U- 19 Asia Cup at the Kinrara Academy Oval. 

Prabhakaran Elected DSA President

Former FIFA South Central Asia Development Officer Shaji Prabhakaran was on Sunday elected as the president of the Delhi Soccer Association (DSA) for a four year tenure.

Besides Prabhakaran, veteran football administrator NK Bhatia was elected at the treasurer in the DSA’a Annual General Body meeting. Prabhakaran defeated rival presidential candidate Sharafatullah by a margin of eight votes.
The six vice-presidents elected were Anadi Barua, Anuj Gupta, Hem Chand, Syed Khurram Raza, Shonal Gupta, and Sq Ldr SK Singh.

Chen Long Wins China Open for a Fourth Time

Olympic Champion Chen Long delighted the home crowd as he defeated world No. 1 Viktor Axelsen of Denmark to win the China Open for a fourth time. It was Chen’s first China Open Crown since 2013. 

 
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NATIONAL AFFAIRS

Casteist Remarks Over Phone in Public Place an Offence

The Supreme Court has ruled that using casteist remarks over the phone in a public place against the Scheduled Caste and Scheduled Tribe Category amounts to criminal offence warranting a jail of a maximum of five years. 

India Gets First Charging Station

Indian Oil Corporation (IOC) unveiled country’s first electric vehicle (EV) charging station. It has partnered with cab aggregator Ola to set up the charging station at a petrol station in Nagpur. 

 
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