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Daily G.K. - Top Stories

28 Sep 2018

INTERNATIONAL AFFAIRS

Trump Admits Friendship with Xi Jinping Could End

US President Donald Trump admitted his friendship with his Chinese counterpart Xi Jinping could be over as he accused Beijing of undermining his prospects in upcoming elections.
With tensions growing sharply between the two sides on a range of issues, Trump said China wanted him to suffer an electoral setback as payback for his hard line over trade.

Don't Treat Kingdom as Banana Republic

Saudi Arabia's foreign minister asked Canada to apologise for demanding the release of Saudi women's rights activists and stop treating the kingdom as "a banana republic" if it wanted to resolve a diplomatic dispute between the two countries.
In August, Saudi Arabia froze new trade with Canada, blocked grain imports, expelled Canada's ambassador and ordered all Saudi students home after Ottawa called for the release of activists detained for urging more rights for women.

China to Unveil the World's Longest Sea Bridge

China is all set to unveil the world's longest sea bridge, connecting the three cities of Hong Kong, Zhuhai and Macau, next month.
The 55-kilometre sea bridge has a total of six lanes and has four tunnels and four artificial islands.
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ENVIRONMENT

South Africa's New Jurassic Giant

A new species of a giant dinosaur has been found in South Africa's Free State Province. The plant-eating dinosaur, named Ledumahadi mafube, weighed 12 tonnes and stood about four meters high at the hips. Ledumahadi mafube was the largest land animal alive on Earth when it lived, nearly 200 million years ago. It was roughly double the size of a large African elephant.
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BUSINESS AND ECONOMY

Banks to Dip into Cash Reserves Further

The Reserve Bank of India allowed banks to dip further into statutory cash reserves in a bid to ease a liquidity squeeze afflicting the nation's money markets.
RBI said that banks could 'carve out' up to 15 per cent of holdings under the statutory liquidity reserves to meet their liquidity coverage ratio (LCR) requirements as compared to 13 per cent now.
The move by the central bank follows concerns over tight liquidity conditions and banks' unwillingness to lend to NBFCs.

Walmart Foundation to Invest Rs. 180 crore

Walmart Foundation announced that it would invest Rs. 180 crore in India over the next five years to improve farmers' livelihood.
The funds would be used to support farmer organisations to develop knowledge of sustainable farming practices, share business best practices and add value to primary agricultural commodities. The money will also be used to improve access to finance and markets, the Foundation said in a statement.

IL&FS Arm Defaulted Rs. 440.46 crore

IL&FS Financial Services, the non-banking finance company which is a 100% subsidiary of Infrastructure Leasing and Financial Services Limited (IL&FS), has defaulted on loans worth Rs. 440.46 crore since September 12.
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SPORTS

India to Host Deaf T20 World Cup

India will host the Deaf ICC T20 World Cup slated to begin from November 23-30 in Gurugram.
The eight-day tournament will see participation from over 200 players across eight countries including England, Australia, Sri Lanka, Nepal, Bangladesh, South Africa, apart from India, vying for the top honours.
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NATIONAL AFFAIRS

Panel to Recommend Names for Lokpal

The government constituted an eight-member search committee to recommend names for chairperson and members of the anti-corruption ombudsman, Lokpal.
The committee would be headed by former Supreme Court judge, Ranjana Prakash Desai.
As per the guidelines, the search committee would recommend the names to a selection committee headed by the Prime Minister and having as its members the Lok Sabha speaker, leader of the opposition in the lower house, the chief justice of India or a judge of the apex court nominated by him, and an eminent jurist who could be nominated by the president or any other member.

Telecom Policy Cleared

The government today approved the new telecom policy and named it "National Digital Communications Policy (NDCP) 2018", which is aimed at ensuring availability of at least 50 mbps broadband speed to every citizen of the country and at the same time attract $100-billion investment, which will create 40 lakh jobs in the sector by 2022.

Sohrai Paintings to Adore Trains

After trains in Bihar were painted in Madhubani art, now Sohrai paintings from Jharkhand is all set to adore trains running from Jharkhand. The development came after railway board chairman Ashwani Lohani accepted a proposal by Jamshedpur MP Bidyut Baran Mahato to decorate trains with the local art.
Union urban development (UDD) ministry also appreciated Jharkhand's initiative to decorate the walls of houses being built under Pradhan Mantri Shahri Awas Yojna (PMSAY) with Sohrai paintings.
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