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Daily G.K. - Top Stories

10 Oct 2018

INTERNATIONAL AFFAIRS

Forecast for Global Growth Cut

The International Monetary Fund has cut its growth forecast for the first time in more than two years, blaming escalating trade tensions and stresses in emerging markets.
As per IMF, risks to the global outlook have risen in the last three months and tilt to the downside. Threats include a further inflaming of the trade war between the US and countries including China, and a sharper-than-expected rise in interest rates, which would accelerate capital flight from emerging markets.

Nikki Haley to Leave as US Ambassador

According to Donald Trump, Nikki Haley will leave her job as US ambassador to the United Nations at the end of the year.
Her resignation was first reported by Axios. Several senior White House aides wondered about the timing of her decision, weeks before midterm congressional elections.

China to Sell High-end Military Drones to Pakistan

China will sell 48 high-end military drones to its all-weather ally Pakistan.
As per a military observer, the deal will be the largest of its kind.
The announcement by China to permit the sale of high-end military drones comes in the immediate backdrop of India's move to acquire S-400 sophisticated missile defence systems from Russia.
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ENVIRONMENT

Origins of Lizards and Snakes

An international team of scientists has identified an animal, called Megachirella, as the earliest known ancestor of the squamates, the family containing lizards, snakes and wormlike amphisbaenians.
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BUSINESS AND ECONOMY

NLCIL and Coal India Sign MoU

NLC India Limited (NLCIL), Neyveli, and Coal India Limited (CIL), Kolkata, have inked a memorandum of understanding (MoU) to form a joint venture company for setting up solar power projects of 3,000 MW and thermal power projects of 2,000 MW.
The joint venture is based on equity participation of 50:50 and has a time line of 15 months for the completion of solar power projects and 60 months for thermal power projects.

BHEL Bags Orders from NTPC

Bharat Heavy Electricals Limited (BHEL) has bagged four orders from NTPC for supply of emission control equipment.
The orders involve supply and installation of Flue Gas De-sulphurisation (FGD) systems for control of sulphur oxides emissions at NTPC's North Karanpura, Mauda Stage-I, Barh Stage-I and Stage-II power projects.

Revival of hydro power project in Chamba

JSW Energy is planning to revive its 240 megawatt (MW) hydro power project in Chamba district of Himachal Pradesh.
The plant, conceived in 2007, was put on hold as the company could not have a long-term power purchase agreement (PPA) with the buyers.
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SPORTS

Youth Olympics

Weightlifter Jeremy Lalrinnunga notched up India's maiden gold medal at the Youth Olympics. He is also a world youth silver-medallist.
Manu Bhaker clinched India's first-ever Youth Olympics gold medal in shooting.
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NATIONAL AFFAIRS

Mohali MC Wants Government to Fulfil Conditions

The Mohali Municipal Corporation House kept the issue of giving approval to the detailed project report (DPR) and the request for proposal (RFP) of a 12 MW Municipal Solid Waste Power Project for the GMADA-Patiala cluster.
Under project in which solid waste of 37 urban local bodies (ULBs) will be managed by a private company.
Appreciating the project, Mohali Mayor Kulwant Singh said that under the project, the selected private company would be responsible for collecting door-to-door solid waste, around 940 tonnes a day, in all 37 ULBs and take it to the plants for power generation.

Justice Ramendra Jain HC Permanent Judge

More than six months after the Supreme Court Collegium first recommended the appointment of Justice Ramendra Jain as a permanent Judge of the Punjab and Haryana High Court, the President has finally issued the orders.

IAF's 'Garud' Unit Bags Gallantry Awards

A unit of the Indian Air Force's (IAF) elite Garud Commando Force bagged six gallantry awards for its anti-terror operations in the Kashmir Valley.
Formed in February 2017, unit number 617 received one Ashok Chakra, three Shaurya Chakras and two Vayu Sena medals for the successful operations until now.
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