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Daily G.K. - Top Stories

14 Feb 2019

INTERNATIONAL AFFAIRS

Britain Denies Plotting Last-minute Brexit Vote

  •  The British government denied that it was secretly plotting to force MPs into a last-minute choice on Brexit between a rejigged deal and a lengthy delay.
  • As per ITV television, Prime Minister Theresa May's chief Brexit negotiator Olly Robbins was overheard saying the EU would probably let Britain extend its March 29 departure date.
  • Brexit Secretary Stephen Barclay denied that the reported comments reflected official government policy. 

Thai EC Moves to Dissolve Raksa Chart Party

  •  The Thai Election Commission asked the constitutional court to dissolve the Raksa Chart Party, which last week proposed Princess Ubolratana as its candidate for Prime Minister, a potential blow to the political aspirations of the kingdom's powerful Shinawatra clan.
  • The nation is to hold election on March 24.

Snap Polls Likely in Spain

  •  Spain's Parliament rejected a draft 2019 budget after Catalan separatists turned their back on the government, pushing the country close to an early national election amid an increasingly fragmented political landscape.
  • Sources in the government and the Socialist party of Prime Minister Pedro Sanchez told that he would call a snap election if the draft was rejected, with April 14 or April 28 the most likely dates.
  • The euro zone's fourth-largest economy, Spain emerged in 2013 from a deep economic slump but has been plagued since by growing political volatility, driven by deep divisions over Catalonia's independence drive and emergence of several new parties.
  • Sanchez left Parliament straight after losing the budget vote, while opposition parties urged him to call elections immediately.
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BUSINESS AND ECONOMY

U.S. to Discuss trade, E-com Rules

  •  A delegation of officials led by U.S. Ambassador Kenneth I. Juster will hold talks with Union Commerce Minister Suresh Prabhu to resolve several sore trade points, including the concerns of American CEOs regarding doing business in India and bilateral trade imbalance.
  • The status of the review of India's eligibility for the Generalised System of Preferences (GSP) is also likely to come up in the light of recent developments where the U.S. has again threatened to withdraw the export exemptions for India. 
  • Other issues that had particularly incensed American businesses are India's new data localisation rules that force foreign companies to store Indians' data within the country, and rules amending FDI rules in e-commerce that had hurt American giants like Amazon and Walmart.
  • Trade tensions between the two countries rose last March when U.S. President Donald Trump notified the imposition of higher import tariffs on steel and aluminium, which affected several countries, including India. In retaliation, India announced counter-tariffs on 29 American goods. 

Curtain Falls on Mysore Paper Mills

  •  With the State government passing an order to completely halt operations at Mysore Paper Mills (MPM), a public sector undertaking at Bhadravati, hopes about the revival of the firm have also faded away.
  • In the order passed on February 1, Under Secretary, Department of Commerce and Industries, directed the Managing Director of MPM to completely stop the operations.

Apollo Founders May Sell Stake in Munich Re JV

  •  Prathap C Reddy and his family, founders of India's Apollo Hospitals Enterprise Ltd, plan to sell their holdings in an insurance venture with Munich Re AG to repay debt.
  • The family is seeking to sell its entire holding of 41% in Apollo Munich Health Insurance Co., for about $170 million in six months. The proceeds will be used to repay part of the debt raised by pledging Apollo Hospital's equity as collateral.
  • Four companies including two private equity funds have shown interest in acquiring the family's holdings in the venture with the world's largest reinsurer.
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SCIENCE & TECHNOLOGY

NASA Bids Adieu to Opportunity

  •  Opportunity, a remarkably durable NASA rover designed to roll along the surface of Mars for three months, has stopped communicating with Earth after 15 years of service, ending a mission that astounded the US space agency.
  • Engineers lost contact with the solar-powered vehicle on June 10 during a dust storm that encircled Mars. Since then, NASA officials made numerous attempts to reach the six-wheeled rover.
  • Opportunity landed on Mars in January 2004.

NASA's InSight Mission

  •  The US space agency's (NASA) InSight mission has positioned the second of its surface instruments on Mars.
  • Known as HP3, the heat-flow probe was picked up off the deck of the lander with a robot arm and placed next to the SEIS seismometer package, which was deployed in December.
  • Together with an onboard radio experiment, these sensor systems will be used to investigate the interior of the planet, to understand its present-day activity and how the sub-surface rocks are layered.
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SPORTS

Pereira Named India Under-23 Coach

  •  Derrick Pereira was named head coach of the India under-23 team for the Asian Football Confederation (AFC) qualifiers slated to be held in Tashkent from March 22.
  • Besides India, the other teams in the group are Tajikistan and Pakistan.
  • Pereira, the technical director of ISL club FC Goa, will be in charge of the preparatory camp to be held in Goa from March 2.
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NATIONAL AFFAIRS

Rajya Sabha Passes Finance Bill

  •  The Rajya Sabha passed the Interim Budget and Finance Bill 2019-20 without a debate.
  • The Interim Budget, Appropriation Bills and Finance Bill were passed by a voice vote in the Upper House after a broad consensus was arrived among political parties to pass them without debate.
  • Lok Sabha passed the interim budget amid walk-out by Congress, NCP and Left MPs. The Finance Bill, 2019 has been passed by the Lower House of Parliament by a voice vote.
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DEFENCE

India to Produce Kalashnikov Series Assault Rifles

  •  The Narendra Modi-led NDA government has cleared a proposal to produce at least 7.47 lakh Kalashnikov assault rifles by the Ordnance Factory Board and a Russian Joint venture firm for the Indian Army.
  • The plant for the same will be set up near Amethi in Uttar Pradesh.
  • This comes days after the government signed a deal for procuring 72,400 assault rifles for the Indian Army's infantry from the US-based M/s Sig Sauer.
  • An intergovernmental agreement for a joint venture between Russia's Kalashnikov Concern and Ordnance Factory Board is expected to be inked later in February 2019.
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PERSONS IN NEWS

Ashwani Lohani Appointed CMD of Air India

  •  According to a government order, former Railway Board chairman Ashwani Lohani was appointed chairman and managing director (CMD) of Air India.
  • This will be Mr Lohani's second tenure as Air India chief. Mr Lohani's first tenure in Air India was from August 2015 to August 2017.
  • Mr Lohani an officer of the Indian Railway Service of Mechanical Engineers (IRSME), was appointed the Railway Board chairman in August 2017 and retired in December 2018.

Abdulla Yameen Charged with Money Laundering

  •  As per reports, Maldives's former President Abdulla Yameen was charged with money laundering.
  • The case stems from an allegedly shady deal to lease islands for tourist resort development and the discovery of $1 million in his bank account.
  • The case has been filed at the criminal court.
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GOVERNMENT POLICIES AND SCHEMES

Bill to Compensate Ponzi Scheme Victims

  •  The Lok Sabha passed a bill to provide for a mechanism to compensate the investors who put in their money in ponzi schemes.
  • The Banning of Unregulated Deposit Schemes Bill, 2018, has incorporated recommendations made by the parliamentary standing committee on finance and was passed on the last day of the budget session.

Bill for 5% Reservation to Gujjars

  •  The Rajasthan government cleared a bill in the Assembly to give a five per cent quota in jobs and educational institutes to Gujjars and four other communities agitating for it.
  • The Rajasthan Backward Classes (Reservation of Seats in Educational Institutes in the State and of Appointments and Posts in Services under the State) Amendment Bill, 2019, will give reservation to Gujjars and the other castes.
  • The bill seeks to increase the backward classes' reservation from the present 21 per cent to 26 per cent with five per cent reservation to Gujjars, Banjaras, Gadia Lohars, Raikas and Gadaria.
  • The statement on the objective and reasons of the bill stated that the five castes are most backward and require five per cent separate reservation.
View Month Wise

GENDER/ HEALTH/ EDUCATION

Annual Financial Support for Students

  •  The Delhi government announced an annual support of Rs. 1,000 to class 11 and 12 students of its schools and Rs. 5,000 to those enrolled in its colleges as a part of its "entrepreneurship mindset curriculum".
  • The curriculum will be taught to students of classes 9-12 in Delhi government schools from the academic session 2019-20.
  • The idea is to encourage students to materialise their ideas and give them a concrete shape while working in groups. The cost of this scheme, Rs. 40 to Rs. 50 crore, will be allocated by the government from the next financial year.
  • The curriculum will be taught by activities and stories. There will be no books. There will be no examination to evaluate students. The focus will be directly to monitor and observe the entrepreneurship mindset of the students.
  • The State Council of Educational Research and Training (SCERT) is preparing the syllabus. The government, meanwhile, asked the teachers to give their inputs on how to make the programme interactive.
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