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Daily G.K. - Top Stories

26 Sep 2018

INTERNATIONAL AFFAIRS

New Initiative for Resolving Indus Water Treaty Dispute

As per reports, the World Bank would soon approach India and Pakistan with a fresh initiative to resolve the Indus Water Treaty dispute, its President Jim Yong Kim has told Islamabad's foreign minister Shah Mahmood Qureshi.
Under the provisions of the Indus Water Treaty 1960, waters of the eastern rivers - Sutlej, Beas and Ravi - had been allocated to India and the western rivers - the Indus, Jhelum and Chenab - to Pakistan, except for certain non-consumptive uses for India.

Microsoft, Adobe, SAP in Data Alliance

Microsoft, Adobe Systems and SAP have formed an alliance to offer clients using their applications a unified view of data on their respective end-customers.
As per Mr. Nadella, the alliance may likely expand in the future and welcome anyone to join the open data initiative.

Sweden's Prime Minister Stefan Löfven Ousted

Sweden's centre-right Opposition and the far right ousted Prime Minister Stefan Löfven in a vote of no-confidence, as the left and right blocs wrangle over who can form a new government after neither won a majority in September 9 elections.
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BUSINESS AND ECONOMY

Mukesh Ambani Tops Barclays Rich List

Industrialist and Reliance Industries Ltd chairman Mukesh Ambani has topped the Barclays Hurun India Rich List-2018 for the seventh consecutive year, with his wealth estimated at Rs. 3,71,000 crore.
Others on the list are: S. P. Hinduja and family of Hinduja Group, Arcelor Mittal's L. N. Mittal and family, Wipro's Azim Premji, Sun Pharmaceuticals Ltd's Dilip Shanghvi, Kotak Mahindra Bank's Uday Kotak, Serum Institute of India's Cyrus Poonawalla, Adani Group's Gautam Adani and family and Shapoorji Pallonji Mistry's Cyrus P. Mistry.

India Eases Oil Import Rules

India has for the first time allowed state refiners to buy 35 per cent of their oil imports in tankers arranged by the seller, enabling them to swiftly tap cheaper cargoes.
The measure is part of a series of attempts by the world's third-biggest oil importer and consumer to cut its surging oil import bill in the face of rising oil prices and a weaker Indian rupee.

Option on Capping Exports to U.S. is Still Open

According to Commerce Secretary Anup Wadhawan, India is not foreclosing the option of capping exports to the U.S.
The effect of any such option would, however, be minimal on the domestic industry.
Capping exports is among the demands raised by the U.S. in exchange for it waiving import duties on steel and aluminium from India.
Mr. Wadhawan said that India had the right under the World Trade Organisation rules to implement import tariff increases within a band.
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SCIENCE & TECHNOLOGY

Real-time Ride Monitoring System

In a bid to step up passenger safety, Indian cab-hailing major Ola has rolled out a real-time ride monitoring system.
'Ola Guardian,' the real-time monitoring system to strengthen ride safety of customers, has been launched as a pilot in Bengaluru, Mumbai and Pune.
The system, which is based on Artificial Intelligence (AI) and machine learning tools, will go live in Delhi and Kolkata by the end of October and in other Indian cities by the end of 2018.
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SPORTS

National Sports Awards Given Away

President Ram Nath Kovind presented the National sports and adventure awards.
The following is the list of awards and awardees:
Rajiv Gandhi Khel Ratna: Mirabhai Chanu and Virat Kohli.
Arjuna award: Neeraj Chopra, Jinson Johnson and others.
Dronacharya award: Sukhdev Singh Pannu,Chenanda Achaiah Kuttappa and others.
Dhyan Chand award: Satyadev Prasad, Bobby Aloysius and others.
Tenzing Norgay Adventure award: Dr. Anshu Jamesenpa, Late Ravi Kumar and others.
Rashtriya Khel Protsahan Puraskar: Rashtriya Ispat Nigam Ltd., JSW Sports, Isha Outreach.
Maulana Abul Kalam Azad trophy: Guru Nanak Dev University, Amritsar.
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NATIONAL AFFAIRS

Ankit Agarwal Gets UN Invite

Ankit Agarwalof Kanpur is among the 17 young leaders from across the globe selected by the United Nations for its Sustainable Development Goals (SDGs) initiative-2018.
He and the others have been invited for the ongoing Social Good Summit that began in New York.
Agarwal, the co-founder of HelpUsGreen, earned the UN invite for his work in using floral waste to manufacture incense sticks and generating employment for marginalised women. His venture is a social enterprise that has pioneered India's flower-recycling technology to prevent the river Ganges from becoming a sewer.

Committee to Look into Jail Reforms Constituted

The Supreme Court constituted a three-member committee, headed by its former judge Justice Amitava Roy, to look into jail reforms across the country and suggest measures to deal with them.
The panel will look into various matters including over-crowding in prisons and the issues concerning women prisoners.

Waiting Period for Bail Reduced

The Allahabad High Court has amended a three decade old rule which provided that bail could not be granted on an application unless 10 days had expired as prior notice of application is given to government advocate.
The High Court issued a notification earlier this month amending the rule, thereby allowing the grant of bail in two days after notice of bail application is given to the government advocate.
After the notification, no arrested person applying for bail in UP will have to compulsorily suffer 10 days of imprisonment.
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