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Daily G.K. - Top Stories

22 Dec 2018

INTERNATIONAL AFFAIRS

Russia Probing BBC

  •  Russia's broadcasting watchdog was probing the BBC in retaliation after a British regulator said that Kremlin-funded RT television broke broadcasting standards.
  • The crackdown on the BBC is the latest in a series of tit-for-tat moves as RT, which aims to give Russia's view on international events, wrangles with media regulators in the West. 

US Government Heads for Partial Shutdown

  •  The US government was headed towards a partial shutdown after President Donald Trump`s fellow Republicans in the Senate failed to muster the votes needed to approve $5 billion he has demanded for a border wall fiercely opposed by Democrats.
  • Trump said that the impending shutdown of key parts of the federal government could last for a very long time, and he sought to blame the Democrats.
  • They, in turn, put the blame squarely on him for his demand for wall funding after earlier backing bipartisan short-term government funding legislation passed by the Senate  without any such money. 
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BUSINESS AND ECONOMY

HNIs Eying Offshore Investments

  •  India-based ultra high net worth individuals (UHNIs) and high net worth individuals (HNIs) are showing a keen interest to invest offshore as they can get attractive returns.
  • According to Atul Singh, CEO, WGC Wealth, investments by UHNIs and HNIs in offshore are catching up.
  • UHNIs and UHIs are looking for offshore funds and need hand-holding.

Aurobindo Pharma Received USFDA Nod

  •  Aurobindo Pharma received the final approval from U.S. Food and Drug Administration (USFDA) to manufacture and market potassium chloride extended release tablets, 8 mEq (600 mg) and 10 mEq (750 mg).
  • The tablets are used to treat hypokalemia (low blood potassium level). 

Centre Moved NCLT

  •  The Corporate Affairs Ministry moved the National Company Law Tribunal (NCLT), seeking to reopen the books of IL&FS Group and its subsidiaries for the past five years under Section 130 of the Companies Act, to ascertain financial mismanagement.
  • This is the first time that the government has invoked the powers under Section 130 of the new Companies Act of 2013 to reopen the ledgers of a company.
  • The government wants to check the balance-sheets of crippled group entities and the two listed subsidiaries, ITNL and IL&FS Financial Services, for the past years and the move comes after the Serious Fraud Investigation Office (SFIO) found shocking details of corruption, personal enrichment and other non-transparent deals.
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SPORTS

Australian Open

  •  The Australian Open has joined Wimbledon in introducing a final set tie-break from next year`s competition following the most extensive consultation in the event`s history.
  • According to the new rules, which will come into force, matches tied at 6-6 in the final set will move into a tiebreak and the first player to reach 10 points with a difference of two will win the contest.
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NATIONAL AFFAIRS

Three States top Development Index

  •  According to a first-of-its-kind index released by NITI Aayog, Himachal Pradesh, Kerala and Tamil Nadu have been ranked highest in terms of being on track to achieve the United Nations' Sustainable Development Goals (SDG).
  • The index comprises a composite score for each State and Union Territory based on their aggregate performance across 13 of the 17 SDGs.
  • The score, ranging between 0 and 100, denotes the average performance of the State/UT towards achieving the 13 SDGs and their respective targets.
  • The average Indian score was 57.

Agencies Allowed to Monitor Computers

  •  The government and the Opposition sparred over a notification allowing 10 central agencies and Delhi police rights to snoop into anyone's computer, with Congress president Rahul Gandhi raising the spectre of a "police state" and finance minister Arun Jaitley and IT minister Ravi Shankar Prasad clarifying that this was merely a repetition of rules passed during the Congress-led United Progressive Alliance (UPA) regime in 2009.
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DEFENCE

HAL Capable of Producing Rafale Aircraft

  •  Hindustan Aeronautics Limited (HAL) chairman R. Madhavan said that HAL is capable of producing Rafale aircraft but suggested that the question of transfer of technology does not arise in the current order of just 36 aircraft.
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PERSONS IN NEWS

James Mattis resigned

  •  US secretary of defense James Mattis resigned after the Trump administration abruptly announced the withdrawal of American troops from Syria.
  • Mattis, like many other Trump aides and advisers, had opposed the pullout and tried one last time to persuade the president to reverse his decision, but failed.
  • Mattis has been the most enthusiastic and influential supporter of ties with India in the Trump administration.
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GOVERNMENT POLICIES AND SCHEMES

Assistance Package for Farmers

  •  Odisha Chief Minister Naveen Patnaik announced a Rs. 10,180 crore programme under which farmers will get Rs.10,000 a year for purchase of seeds, fertilisers and insecticides as well as an interest free loan of Rs. 50,000.
  • The scheme titled 'Krushak Assistant for Livelihood and Income Augmentation' (KALIA) will be operational for the next three years. 
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TOURISM AND HOTEL INDUSTRY AWARENESS

Hospitality Industry in India 

  •  According to Jean Michel Casse, chief operating officer (COO), India, South Asia, AccorHotels, the hospitality industry in India is coming out of the negative impact of a dip in financial markets and 2008 Mumbai terror attacks.
  • The industry is witnessing over 60% occupancy which is good and the same trend is expected to rise in the coming years.
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