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Daily G.K. - Top Stories

17 Jan 2018

INTERNATIONAL AFFAIRS

Drunk droning now illegal in New Jersey

New Jersey Governor Chris Christie signed a law making it illegal to fly an unmanned drone aircraft after too many drinks. The law prohibits flying a drone with a blood alcohol content of 0.08% or higher, the same as for driving a vehicle, or while drugged. Violators face up to six months in jail, a $1,000 fine or both.

GE to Take $6.2b Hit from Insurance Portfolio

General Electric will take a $6.2-billion charge in its fourth quarter results for a more than decade-old insurance portfolio covering long term healthcare costs. GE, whose shares sank 3.7% in premarket, the charge would rise to $7.5 billion when adjusted for Congress’ newly passed cut in corporate tax rates to 21%. The company also said its GE Capital unit was now expected to make statutory reserve contributions which insurers must hold against potential losses of about $15 billion over seven years.

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BUSINESS AND ECONOMY

Chinese imports edge out domestic solar players

The National Solar Mission may have set a target of 20 million m2 (metre square) solar thermal capacity with ‘Make in India’ panels, but the government’s proposed incentives package has left this segment of the domestic solar industry out in the cold even though it is getting swamped by cheaper Chinese imports. The renewable energy ministry has proposed a slew of incentives only for domestic solar PV (photovoltaic) industry, ignoring the fact that solar thermal sector — once the only 100% indigenised solar technology has lost 60% market share to cheaper supplies from Chinese companies.

Patanjali ties up with top e-tailers for online push

When yoga guru Ramdev decided to announce an online push for his FMCG company Patanjali, the who’s who of Indian e-commerce industry from Paytm founder Vijay Shekhar Sharma to Flipkart CEO Kalyan Krishnamurthy turned up to join him on stage. Despite his staunch swadeshi stance, Ramdev decided to take the help of top e-commerce firms, even the foreign ones, to make inroads into India’s fast-growing online FMCG market. While Patanjali claimed it raked in Rs 10 crore through online sales in December from its own ecommerce platform Patanjali Ayurved, Ramdev estimated that online sales will contribute 15% to Patanjali’s turnover in a few years. Top FMCG companies, including HUL, PepsiCo, Nestle and Mondelez have already put together a robust e-commerce strategy.

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SCIENCE & TECHNOLOGY

Gadget to help you sleep

A new wrist-worn gadget may help people with sleep problems by objectively tracking their real-life sleep habits and quality. The gadget, called actimeter, records data on wrist movement from which one can obtain activity patterns for up to three months. The researchers from a German University used the actimeters to assess rest/activity cycles, not just over the course of the day, but also during sleep itself. The findings are the latest in a larger, ongoing human sleep project, designed to learn more about sleep and its essential role in our lives by collecting sleep data on thousands of people in the real world.

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SPORTS

Afghanistan to play 1st Test in Bengaluru

Carrying on with its tradition of introducing nations to Test cricket, the BCCI will host Afghanistan’s inaugural Test match from June 14 to 18 in Bengaluru. BCCI had to create a special window for this Test in a year which will see the Indian team follow a cramped schedule.

KOHLI FINED FOR DISSENT

The ICC has sanctioned India captain Virat Kohli for repeatedly complaining to the umpires about a damp ball and then aggressively throwing it to the floor during the second Test against South Africa in Pretoria. Kohli has been fined 25 % of his match fee and received one demerit point for what the ICC described as constant complaining, followed by him angrily throwing the ball to the floor on the third day of the contest.

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NATIONAL AFFAIRS

BEST aims to take on Uber, Ola with 200 mini buses for commercial hubs

To woo the daily commuters who depend on aggregator cabs, the BEST plans to operate 200 mini buses both AC and non-AC along the north-south and east-west corridors, connecting suburbs with commercial hubs such as the Bandra-Kurla Complex, Lower Parel, Fort, Colaba and Nariman Point. The existing fleet of 284 AC buses (single-decker Ceritas) was taken off roads in April 2016 and is now put up for scrap. Mehta has issued a one month ultimatum to the BEST to initiate the process of procuring these mini buses. He has also threatened to recover the Rs 21 crore given as Diwali bonus to employees from their February salaries if the BEST panel failed to implement the 'turnaround measures' which includes clearing a proposal for procuring 200 mini buses.

Tenth avatar of Times Green Ganesha rewards eco-friendly celebrations

The tenth edition of Times Green Ganesha in association with the Maharashtra Pollution Control Board (MPCB) recently culminated in an award ceremony in the city. Environment minister Ramdas Kadam, minister of state for environment Pravin Pote Patil, MPCB member secretary Dr Anbalagan, MPCB PRO Sanjay Bhuskute and Maharashtra Times editor Ashok Panvalkar presided over the awards and felicitated the winners. Times Green Ganesha is a movement for eco-friendly celebrations. More than 500 mandals, societies and homes participated in Times Green Ganesha this time.

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