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Daily G.K. - Top Stories

25 May 2018

INTERNATIONAL AFFAIRS

Nuclear Deal Red Lines Laid

Following Washington's withdrawal from the Iran nuclear deal, the Islamic republic's supreme leader has laid out his country's conditions for upholding its side of the landmark accord with world powers.

The following excerpts from an address by Ayatollah Ali Khamenei to Iranian officials, outline Iran's demands of Russia, China, Britain, France and Germany if the deal is to survive.

Talks to Form Cabinet

Italy's Prime Ministerial nominee Giuseppe Conte began lining up a Cabinet after being endorsed to lead a populist coalition government.
Mr. Conte's appointment could herald an end to more than two months of political uncertainty in the eurozone's third-biggest economy �" but the coalition's eurosceptic and anti-immigrant stance has alarmed senior European officials.

President Sergio Mattarella approved Mr. Conte's nomination to be Prime Minister of a government formed by the anti-establishment Five Star Movement and the far-right League.

North Korea Demolishes Nuke Test Site

North Korea followed through on a pledge to blow up tunnels at its nuclear test site as part of steps that have reduced tension on the Korean peninsula and raised the possibility of a summit with the United States.

The destruction of the site began with the blowing up and collapsing of a tunnel and an observation post.
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ENVIRONMENT

Canyons Discovered in Antarctica

Scientists have discovered three vast canyons in one of the last places to be explored on Earth - under the ice at the South Pole.

Dr Kate Winter from Northumbria University, UK, and colleagues found the hidden features with radar.
As per the team, the canyons play a key role in controlling the flow of ice.
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BUSINESS AND ECONOMY

Airtel Payments Bank appoints New MD & CEO

Airtel Payments Bank has appointed Anubrata Biswas as its managing director and CEO. Mr. Biswas has experience of more than 17 years in the banking sector.

Prior to joining Airtel Payments Bank, he was the joint general manager and retail business head �" South India for ICICI Bank and was responsible for managing the retail banking business across over 550 branches of the bank.

Idea-ATC Tower Deal

The Department of Telecom (DoT) cleared the sale of standalone mobile towers of Idea Cellular for Rs. 4,000 crore to the Indian arm of American Tower Corporation (ATC).

ATC Telecom Infrastructure had signed pact with Vodafone India and Idea in November 2017 to buy their standalone towers for Rs. 7,850 crore.

India Ranked 44th in IMD's Competitiveness Rankings

India has moved one notch higher, to the 44th place in terms of competitiveness, in the annual rankings compiled by International Institute for Management Development (IMD) which placed the US in the top slot.

The US became the most competitive economy globally driven by its strength in economic performance and infrastructure, followed by Hong Kong and Singapore in the second and third place, respectively.
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NATIONAL AFFAIRS

'Clean Air India Initiative' Launched

Prime Minister of Netherlands Mark Rutte, who is in India on a two-day visit, launched the 'Clean Air India Initiative' in the national capital. The campaign aims to curb air pollution in Indian cities by promoting partnerships between Indian start-ups and Dutch companies and build a network of entrepreneurs working on business solutions for cleaner air.

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