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Daily G.K. - Top Stories

21 Dec 2017

INTERNATIONAL AFFAIRS

Iran Denies Arming Houthis

  • Iran strongly denied that it had supplied weapons to Yemeni rebels which they used in attacks on Saudi Arabia as alleged by both Riyadh and Washington.
  • Saudi Arabia said that it had intercepted a rebel missile over Riyadh on Tuesday that it suggested was made by Iran.

EU Tells Poland to Reverse Judicial Reforms

  • The EU executive launched an unprecedented action against Poland, calling on other member states to prepare to sanction Warsaw if it fails to reverse judicial reforms that Brussels says pose a threat to democracy.
  • Voicing frustration after two years of fruitless requests to the right-wing government, the European Commission gave the socially conservative Law and Justice party in Warsaw three months to change tack.
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ENVIRONMENT

Test Trial of Anti-smog Gun

  • The Delhi government began testing of anti-smog gun, a machine that sprays water into the air, amid concerns over the alarming level of air pollution in the national capital.
  • The trial run is being conducted by the Department of Environment and Delhi Pollution Control Committee.
  • Anti-smog gun is a device which is used to sprays atomised water into the atmosphere to reduce air pollution.
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BUSINESS AND ECONOMY

RBI Imposes Restrictions on BoI

  • The Reserve Bank of India (RBI) has imposed certain restrictions under its prompt corrective action framework (PCA) on state-run lender Bank of India as it reported negative return on asset for two consecutive years and insufficient common equity tier-I capital after non-performing assets zoomed in the last three years.
  • As per the Mumbai-based lender, the action will contribute to the overall improvement in risk management, asset quality, profitability, efficiency, etc of the Bank.
  • Already more than half a dozen public sector banks face similar sanctions due to their poor health.

Bharti Gets Nod for Tata Tele Buyout

  • The board of Bharti Airtel approved the takeover of the consumer mobile business of Tata Teleservices.
  • The deal would entail demerger of TTSL’s consumer wireless business to Airtel, except the Rajasthan circle, which is being merged with Bharti Hexacom.

Essar Oil UK Posts Big Jump in Profit

  • Essar Oil UK, which owns and operate the Stanlow refinery in the U.K., posted a 231% jump in its half yearly net profit to $169 million.
  • Essar Oil UK, a subsidiary of Essar Energy Limited, posted an 18% jump in its revenues due to higher products prices and 45% jump in refining margins to $11 a barrel.
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NATIONAL AFFAIRS

GST To Be Part of MBA, MA Courses

  • Days after the implementation of the Goods and Services Tax (GST) by the Narendra Modi government at the Centre, the newly introduced legislation will now be taught at the Savitribai Phule University in Pune.
  • According to ANI, the Academic Council of the University had taken the decision to add the GST Act as a subject for MBA and MA courses.

Indian Scientists Returning to Country

  • According to Minister of State for Science and Technology and Earth Sciences, there is a significant increase in the number of Indian scientists returning to work in India during the last five years...The number of Indian scientists returned to India in the last five years (2012-17) stands at 649 as against 243 in the period 2007-12.

India's First Rail University

  • The Cabinet has approved the Ministry of Railways` transformative initiative to set up the first ever National Rail and Transport University (NRTU) in Vadodara, to skill its human resources and build capability.
  • The University will be set up as a Deemed to Be University under de novo category as per the UGC [Institutions Deemed to be Universities] Regulations, 2016.
  • Government is working towards completing all approvals by April 2018 and to launch the first academic program in July 2018.
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