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General Awareness

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Daily G.K. - Top Stories

15 Feb 2019

INTERNATIONAL AFFAIRS

Call for Brexit Delay

  •  Forty-three former British Ambassadors and High Commissioners have added their voice to calls for the government to delay Brexit and consider holding a new referendum on whether to remain in the EU.
  • Signatories include former Ambassadors to Germany, France, the U.S., Canada, Japan and Russia, who joined forces to appeal to the government to not leave the EU without "clarity about our final destination", pointing to their "clear understanding" as former diplomats of "what contributes to Britain's influence in the world".
  • Pressure has been mounting on the government to consider delaying Brexit, as politicians in the U.K. struggle to reach consensus on a withdrawal strategy that would be acceptable to Brussels and other EU nations.

Deal to Seek to End Trade War

  •  U.S. and Chinese negotiators kicked off two days of high-level talks that President Donald Trump said could decide whether he escalates the bruising tariff battle between the world's two biggest economies.
  • Mr. Trump indicated this week he was open to extending a trade truce beyond March 1 depending on progress in Beijing. He is considering pushing the deadline back an additional 60 days.
  • In December, he postponed plans to sharply hike tariffs on $200 billion of Chinese imports to allow more time for negotiation.

Resolution to End U.S. Support for Yemen War

  •  The House of Representatives passed a resolution to end U.S. support for the Saudi-led war in Yemen.
  • The resolution, introduced by Representative Ro Khanna of California, passed 248 to 177, with 18 Republicans and 230 Democrats supporting it.
  • The resolution calls for the U.S. to withdraw any troops that affect the Yemen war within a period of 30 days.
  • It grants an exemption to forces fighting al-Qaeda and its associates. The Resolution also formalises and mandates the Department of Defense policy of halting aircraft refuelling.
  • The war has left some 50,000 dead, according to an independent estimate, millions displaced, and spawned a famine.
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ENVIRONMENT

The World's Oceans to Change Colour

  •  The world's oceans are warming and growing more acidic as a result of climate change, and a provocative new study suggests they'll be changing color too.
  • Within a few decades regions of the ocean that now look blue will look bluer. By 2100, the colour shift could affect more than 50 per cent of the oceans' collective 140 million square miles of surface area.
  • But it's not the colour of the water itself that will change. Rather, it's that populations of marine phytoplankton will fall as seawater warms.
  • Since these tiny organisms contain the green pigment chlorophyll, any change in their numbers affects the water's apparent colour.
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BUSINESS AND ECONOMY

Banks to Acquire Majority Stake in Jet

  •  A consortium of commercial banks led by State Bank of India will acquire a majority stake in Jet Airways (India) Ltd. by converting part of their debt into equity for a consideration of Re. 1 and advancing more capital to give the airline a lifeline to enable it to achieve a turnaround.
  • Jet Airways' board considered and approved a bank-led provisional resolution plan (BLPRP) that proposes restructuring under the provisions of the 'RBI Circular' to meet a funding gap of nearly Rs. 8,500 crore, including proposed repayment of aircraft debt of Rs. 1,700 crore.
  • This will be met by an appropriate mix of equity infusion, debt restructuring, sale/sale and lease back/refinancing of aircraft, among other things.

Grover Zampa Vineyards Buys Four Seasons

  •  Bengaluru-based Grover Zampa Vineyards, a producer of Indian fine wine, has drawn up plans to expand production capacity to 12 million cases.
  • Currently, the company has a capacity to make 2.50 million cases a year. This will be increased to six million cases by March 2020 and thereafter doubled to 12 million cases in three to four years' time.
  • The doubling of capacity from six million cases would entail an investment of Rs. 200 crore. The Singapore-based investment banker also announced three major acquisitions to the tune of Rs. 70 crore.
  • These include Four Seasons, a wholly-owned subsidiary of United Spirits Ltd; Charosa Vineyards, an asset of Hindustan Construction Company; and Bengaluru-headquartered Myra Vineyards.

L&T Info to Buy N+P of Germany

  •  Larsen & Toubro Infotech Ltd. (LTI) has signed a definitive agreement to acquire Germany's Nielsen+Partner (N+P), an independent Temenos WealthSuite specialist, for 28 million euros on a cash-free, debt-free basis, which includes upfront consideration and a performance based earn-out.
  • N+P is a leading partner of Temenos in Europe and APAC with subsidiaries in Luxembourg, Switzerland, Thailand, Singapore and Australia and branch office in Belgium.
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SPORTS

First NBA Games in Mumbai

  •  In October this year, history will be made when Indiana Pacers and Sacramento Kings face off in two pre-season games in Mumbai.
  • This will mark the first NBA games to be played in India.

Sportstar Aces Lifetime Achievement Award

  •  Prakash Padukone was honoured for Lifetime Achievement while Virat Kohli and Jasprit Bumrah shared the Sportsman of the Year (cricket) accolade at the Sportstar Aces Awards.
  • The chairman of the Awards jury is Sunil Gavaskar. 

Female Umpire Duo to Make History

  •  Umpires Eloise Sheridan and Mary Waldron are on the verge of making history as they will be the first female duo to officiate in a men's first grade premier (club) cricket match.
  • Sheridan and Waldron will stand in a match between Tea Tree Gully and Northern Districts in Adelaide featuring Australia's Vice-captain Travis Head.
  • For Sheridan, officiating in a men's cricket match is not something new as she stood as an umpire in a South Australian Premier Cricket first grade game, 18 months ago. 
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NATIONAL AFFAIRS

Suicide Attack on CRPF Convoy

  •  At least 37 CRPF personnel were killed when a convoy in which they were travelling was attacked by a Jaish-e-Mohammed (JeM) suicide bomber, who rammed his explosives-laden vehicle into one of the convoy's buses near Awantipora on the Srinagar-Jammu highway.
  • The bombing in Awantipora's Lethpora area in Pulwama district also left at least eight troops critically injured and was the deadliest attack in terms of casualties in the last three decades of militancy in the State.
  • Immediately after the attack, the JeM claimed responsibility and released a picture of its local operative who had carried out the attack. He was identified as Adil Ahmad Dar alias 'Waqas Commando', a resident of Pulwama's Kakapora. 

Puducherry CM, Cabinet Protest Intensifies

  •  Puducherry Chief Minister V. Narayanasamy continued his sit-in protest against lieutenant governor Kiran Bedi outside her residence for the second day along with his ministerial colleagues. He has been protesting against Bedi's "negative stand" towards his government's proposals awaiting her approval.
  • Narayanasamy and his colleagues slept on a pavement near Bedi's residence wearing black shirts in support of their demand that she sanctions 39 government proposals, including a free rice scheme.
  • Dravida Munnetra Kazhagam (DMK) functionaries, too, joined the ruling Congress's protest even as Bedi left for New Delhi.

Security Pact between India and Sweden

  •  India and Sweden have concluded a security protection agreement that will enable both countries to share classified information with each other.
  • The two countries signed the pact in Stockholm, at a time when the Scandinavian country is eyeing projects worth billions of dollars under the "Make in India" initiative.
  • Swedish defence firm Saab is pursuing opportunities to build fighter jets and next-generation submarines in the country under the government's strategic partnership (SP) model that seeks to provide impetus to the 'Make in India' programme.
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PERSONS IN NEWS

Chawla Appointed as CEO and MD for Spencer

  •  Spencer's Retail Ltd. (SRL) has roped in Devendra Chawla, former Walmart India chief operating officer, as its chief executive officer and managing director for a three-year term.
  • The appointment of Mr. Chawla was mentioned in a regulatory filing by the company, which said that Debanjan Mandal, senior partner of law firm Fox & Mandal had been appointed as independent director and Rama Kant as company secretary and compliance officer.
  • Sanjiv Goenka will be chairman and his son Shashwat Goenka, a non-independent director.

Sushil Chandra New Election Commissioner

  •  Weeks ahead of the 2019 general election, Sushil Chandra, a 1980-batch Indian Revenue Service (IRS) official has been appointed as the election commissioner. An IIT alumnus, Chandra, prior to his new assignment, was the chief of the central bureau of direct taxes CBDT, the apex policy making body of the Income Tax department.
  • Chandra will join the poll panel as the second election commissioner; currently former bureaucrat Sunil Arora is the chief election commissioner and Ashok Lavasa, also a former bureaucrat, is the election commissioner.
  • Chandra was appointed as the CBDT chief on November 1, 2016 and was given a one-year extension till May 31, 2019.
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BOOKS AND AUTHORS

Book on Rare Varnams

  •  Suryakala Foundation for Performing Arts will release the book 'Varna Varnanam - an exposition of select varnams,' authored by Kanakam Devaguptapu later in February at the Music Academy Mini Hall.
  • V.P. Dhananjayan and Shanta Dhananjayan will release the book, the first copy of which will be received by Lakshmi Viswanathan and S. Sowmya.
  • 'Varna Varnanam,' the first book authored by Kanakam Devaguptapu, a music teacher for over 20 years and a researcher, is an exposition of 26 lesser known varnams.
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