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Daily G.K. - Top Stories

16 Dec 2018

INTERNATIONAL AFFAIRS

MoU Signed on Anti-terrorism Cooperation

  •  Pakistan, China and Afghanistan signed a Memorandum of Understanding (MoU) on anti-terrorism cooperation during a second trilateral ministerial dialogue in Kabul.
  • The MoU was signed by Pakistan's foreign minister Shah Mehmood Qureshi and his Chinese and Afghan counterparts Wang Yi and Salahuddin Rabbani. The signing of the document was witnessed by Afghan President Ashraf Ghani.
  • This was the second meeting of the three foreign ministers after their kick-off meeting in Beijing last year.
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BUSINESS AND ECONOMY

Anti-dumping Duty on Chinese Chemical

  •  The revenue department has imposed anti-dumping duty for five years on a Chinese chemical used in making detergents to guard domestic players from cheap imports from the neighbouring country.
  • The levy on 'Zeolite 4A' [Detergent grade] has been imposed on recommendations of Directorate General of Trade Remedies (DGTR).

Fortis Sale Put on Hold

  •  The Supreme Court has put the sale of Fortis to Malaysia's IHH Healthcare on hold.
  • Cash-strapped Fortis, which operates about 30 private hospitals in India, accepted an investment offer from IHH in July after an extended bidding war for control of the company.
  • Japanese pharmaceutical firm Daiichi Sankyo Co Ltd had moved to Supreme Court filing a contempt plea against Malvinder and Shivinder Singh, alleging that they created encumbrances on 1.2 million shares of Fortis in violation of court orders.
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PERSONS IN NEWS

Mulvaney Named as New Chief of Staff

  • President Donald Trump announced that his Budget Director Mick Mulvaney will step in as acting Chief of Staff to replace John Kelly.
  • Mr. Mulvaney is currently head of the White House Office of Management and Budget, which oversees federal spending and administers the federal budget.

Mahinda Rajapaksa Resigned

  •  After disputably holding on to the post of Prime Minister for weeks, former President Mahinda Rajapaksa resigned, and vowed to clinch power in the next election.
  • President Maithripala Sirisena will re-install Ranil Wickremesinghe as Prime Minister, 50 days after he sacked him and appointed Mr. Rajapaksa instead.
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DAYS AND EVENTS

Vijay Diwas

  •  Vijay Diwas is celebrated every year on December 16 to mark the military victory of India over Pakistan in the 1971 war, the war for the Independence of Bangladesh from Pakistan. The end of the war resulted in unilateral and unconditional surrender of Pakistani Army.
  • On the occasion of Vijay Diwas, President Ram Nath Kovind and Prime Minister Narendra Modi remembered the soldiers of the Indian Armed Forces who lost their lives during the 1971 India-Pakistan War.
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