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Daily G.K. - Top Stories

30 May 2019

INTERNATIONAL AFFAIRS

Maldives Ex-president Elected Speaker

  • The Maldives's Parliament overwhelmingly voted Mohamed Nasheed as the Speaker of the house. He received 67 votes from among 87 members. The Speaker in Maldives also has a role in the Judicial Services Commission that regulates the Supreme Court.

Pakistan Extends Airspace Ban on Indian Flights

  • Pakistani authorities decided to extend a ban on commercial flights to and from India using its airspace until June 15. The ban was originally set to last until the end of May.
  • Losing heavily on overflying charges, Pakistani officials say they are keen to remove airspace restriction for airlines flying to and from India, provided New Delhi decreases army build-up on the border between the two neighbouring countries.
  • In February, the Pakistan Civil Aviation Authority announced the closure of the country's airspace for commercial flights.
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BUSINESS AND ECONOMY

Maharashtra Cabinet Extends Power Duty Relief

  • The Maharashtra cabinet cleared a proposal to extend the exemption from electricity duty for industries in Vidarbha and Marathwada till 2024. The exemption is expected to boost industries and create employment in the regio. Ahead of the Assembly polls slated in October, this is also one of the first sops for these backward regions.
  • The exemption was first introduced on March 21, 2013 by the erstwhile Congress-Nationalist Congress Party (NCP) government for five years, which ended on March 20, 2019.
  • Currently, for industries where electricity duty is levied, industrial units pay 9.30% of the consumption charges as electricity duty. Industries including micro, small, medium in C, D and D+ category industrial areas and Maoist-affected areas will benefit from the decision. The exemption is expected to add a burden of Rs. 600 crore annually on the state government.

Rajapalayam Mills to Merge A.P. Unit

  • As per reports, Rajapalayam Mills Ltd. (RML), a Ramco Group company, decided to merge its spinning mill in Andhra Pradesh (A.P.) with its mother plant in Rajapalayam in Tamil Nadu.
  • RML has a total installed capacity of about 1.38 lakh spindles and 5,480 rotors, of which 4,800 spindles and 1,800 rotors are in A.P.
  • As of March 31, 2019, the AP unit generated a revenue of Rs. 38.43 crore and this constituted 9% of RML's total revenue.

Chola Investment Gets Investment from International Finance Corp.

  • Cholamandalam Investment and Finance Co. Ltd. (CIFCL), a Murugappa Group company, received an investment of $222 million from a foreign investor anchored by the IFC.
  • This is the company's first U.S. dollar-syndicated deal since January 2019, when RBI permitted NBFCs to tap into offshore credit market. CIFCL would use the funds to help small road transport operators (SRTOs) and micro, small and medium (MSMEs) borrowers, especially in the rural and semi-urban areas.
  • The present round of funding was anchored by IFC, a member of the World Bank Group.
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SPORTS

Pakistan Awarded 2020 Asia Cup

  • The next edition of the Asia Cup could also be UAE-bound with Pakistan given the hosting rights of the tournament in 2020, as organising it in its own country will cast serious doubts on India's participation owing to diplomatic tensions.
  • The Asian Cricket Council (ACC) in its meeting in Singapore awarded the continental meet, to be held in T20 format, to Pakistan, which will most likely organise it in the neutral venues of the United Arab Emirates.
  • Last year the Board of Control for Cricket in India hosted the Asia Cup in UAE because of the political tensions between Pakistan and India.

AITA Championship Series Under-12 Tennis Tournament

  • Unseeded Mrinalika Swami knocked out top seed Snighda Ruhil in the girls' semifinals of the AITA Championship series under-12 tennis tournament at the Modern School courts.
  • Boys (semifinals): Ashravya Mehra defeated Yatharth Paliwal; Raunak Kashyap defeated Aaditya Singh Jadon. Quarterfinals: Yatharth Paliwal defeated Tavish Pahwa; Aashravya Mehra defeated Tanmay Tomar; Aaditya Singh Jadon Singh defeated Shourya Kumar; Raunak Kashyap defeated Jefrey Khushwin.
  • Girls (semifinals): Mrinalika Swami defeated Snighda Ruhil; Pehal Khardkar defeated Vanshika Jain. Quarterfinals: Snigdha Ruhil defeated Sharmin Dalal; Mrinalika Swami defeated Kum Kum Kumari; Pehal Khardkar defeated Swasti Singh; Vanshika Jain defeated Sirisha Dheer.

Manu Wins Olympic Quota

  • Manu Bhaker missed a medal by 0.1 point but captured the Olympic quota place in women's air pistol in the shooting World Cup.
  • Despite shooting a 10.3 Manu was overtaken by eventual gold medalist Anna Korakaki of Greece.
  • Manu's quota is India's seventh for Tokyo 2020, behind Anjum Moudgil, Apurvi Chandela, Saurabh Chaudhary, Divyansh Singh Panwar, Abhishek Verma and Rahi Sarnobat.
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NATIONAL AFFAIRS

Amit Shah, Ravi Shankar and Kanimozhi Resign

  • Bharatiya Janata Party president Amit Shah, union minister Ravi Shankar Prasad and DMK leader Kanimozhi resigned as Rajya Sabha members. The three leaders resigned from the Upper House after they were elected to the Lok Sabha in the recently concluded election.
  • The BJP president created history by winning the Gandhinagar Lok Sabha seat with a margin of 5.57 lakh votes against his nearest Congress rival CJ Chavda.
  • Ravi Shankar Prasad won his first Lok Sabha election, defeating his colleague-turned opponent Shatrughan Sinha by more than 2.84 lakh votes from Patna Sahib.
  • Kanimozhi, daughter of the late party patriarch M Karunanidhi won the Thoothukudi Lok Sabha constituency by defeating her BJP rival Tamilisai Soundararajan by more than three lakh votes.

Khandu Takes Oath as Arunachal Pradesh CM

  • Six days after securing the first electoral victory for the Bharatiya Janata Party in Arunachal Pradesh in the assembly polls, Pema Khandu took oath as the northeastern state's Chief Minister for the second time.
  • Khandu, who has been in the CM's chair since July 2016 and witnessed several twists and turns in the state's politics, was administered the oath of office by Governor BD Misra.
  • Eleven ministers were also sworn in.

Jaitley Opts Out of PM Modi's New Team

  • Finance Minister Arun Jaitley has written to Prime Minister Narendra Modi, asking him not to give him any responsibility in the new government due to health reasons. The finance minister's letter comes a day before PM Modi begins his second term in office.
  • The minister added that he would, however, be able to undertake any work informally to support the government or the party.
  • Arun Jaitley's decision implies that PM Modi will have to induct a new Finance Minister in his second term.
View Month Wise

DEFENCE

New Chairman of Chiefs of Staff Committee

  • Air Chief Marshal B S Dhanoa Wednesday received the baton of Chairman of Chiefs of Staff Committee from outgoing Navy Chief Admiral Sunil Lanba.
  • The Chiefs of Staff Committee comprises chiefs of the Army, the Navy and the Air Force and the senior most member is appointed its chairperson.
  • The Chairman of Chiefs of Staff Committee is tasked with ensuring synergy among the three services and evolving common strategy to deal with external security challenges facing the country.
  • Air Chief Marshal Dhanoa is a Kargil war veteran and top rated fighter pilot with over 3,000 hours of flying experience.
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PERSONS IN NEWS

Chirag Doshi Resigns

  • Chirag Doshi, an independent director of Manpasand Beverages resigned in wake of search and seizure proceedings by the Commissioner of Central GST and Customs at various premises of the company.

3M India's New MD

  • 3M India, the Indian subsidiary of Minnesota-based 3M Co., appointed Ramesh Ramadurai as MD with effect from June 1. Mr. Ramadurai takes over from Debarati Sen, who had led the company for the past three years and is now returning to 3M USA as the vice president and general manager for 3M Abrasives Systems Division.
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DAYS AND EVENTS

UN Dedicates August 22 to Victims of Religious Violence

  • The UN General Assembly has declared August 22 as the International Day for Victims of Religious Violence to combat hate crimes and persecution on the basis of beliefs.
  • Recalling the wave of attacks that targeted a mosque in New Zealand and churches in Sri Lanka during Easter Sunday services, Poland's Foreign Minister Jacek Czaputowicz, who introduced the resolution, said that the international day will honour the victims and survivors of religious violence who are often forgotten.
  • The resolution is not focused on victims of any particular religion or belief and seeks to raise respect for religious diversity.
  • Pakistan, along with the US, was one of the nine sponsors of the resolution.
View Month Wise

GENDER/ HEALTH/ EDUCATION

Cabinet Nod for Merger of School Directorates

  • The Cabinet gave its approval for merging the three school directorates in the general education sector.
  • The Directorate of Public Instruction, the Directorate of Higher Secondary Education, and the Directorate of Vocational Higher Secondary Education will be merged to form the Directorate of General Education as per the recommendations of the Khader committee set up to study school education. An IAS official will head the directorate.
  • The meeting decided to implement the committee's recommendation in phases. The first phase will be implemented this academic year.
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