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General Awareness

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Daily G.K. - Top Stories

12 May 2021

DAILY G.K. TEST

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INTERNATIONAL AFFAIRS

China's Population Grows at Slowest Pace

  • China's births fell to their lowest in almost six decades amid the pandemic last year, putting the country's population on course to peak within the next five years and adding pressure on Beijing to step up reforms to maintain economic growth as the workforce shrinks.
  • There were 1.412 billion people in China last year, according to the results of a once-a-decade census, up 5.38 per cent from a decade before, but slightly below previous official projections. The annual average population growth of 0.53 per cent in the past decade was the slowest since the 1950s.
  • China's population has become much more urbanised and educated over the past decade, trends which should allow the world's second-largest economy to continue expanding even after its population peaks. In order to remain an engine of world growth, China will require a large increase in spending on pensions and health care and more investment in education and infrastructure to boost productivity.
  • Slower growth in the population means it could peak before 2025, according to estimates from Bloomberg Economics. The number of children born in the country last year fell to 12 million, the National Bureau of Statistics said — down from 14.65 million in 2019 and the lowest number since 1961 when the country was struggling in the aftermath of a famine that killed tens of millions of people.

Pakistan Won't Hold Talks with India until Decision on Kashmir Reverse

  • Prime Minister Imran Khan said that Pakistan would not hold talks with India until New Delhi reverses its decision of scrapping the special status of Jammu and Kashmir.
  • India abrogated the special status of Jammu and Kashmir under Article 370 on August 5, 2019 and bifurcated it into two Union territories.
  • Earlier in the day, Foreign Minister Shah Mahmood Qureshi said that no talks presently were taking place with India but parleys could be held if New Delhi revisited its policy regarding Kashmir and provided relief to the people of Kashmir.
  • "Jammu and Kashmir cannot be an internal issue of India as it is on the agenda of the UN and there are several Security Council resolutions on it, he said while addressing a news conference in Islamabad.
  • India has repeatedly said Jammu and Kashmir is an integral part of India and the country is capable of solving its own problems.

China Warns Bangladesh of 'Substantial Damage' if it Joins US-led Quad

  • China has warned Bangladesh against joining the US-led Quad alliance, saying that Dhaka's participation in the anti-Beijing "club" would result in "substantial damage" to bilateral relations.
  • The unusual warning from Chinese Ambassador to Bangladesh Li Jiming came weeks after visiting Chinese Defence Minister Gen Wei Fenghe emphasied to Bangladesh President Abdul Hamid that Beijing and Dhaka should make joint efforts against powers from outside the region establishing a "military alliance" in South Asia and practising "hegemonism".
  • Reacting to the Chinese envoy's controversial remarks, Bangladesh Foreign Minister Dr AK Abdul Momen said Dhaka maintained a non-aligned and balanced foreign policy and it would decide what to do according to those principles.
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BUSINESS AND ECONOMY

Bay Tree Cuts Stake in Yes Bank

  • Private equity firm Bay Tree India Holdings sold a 2.1% stake in India's Yes Bank, reducing its holding by almost a third.
  • Bay Tree cut its stake in the embattled lender that was the center of India's largest financial bailout last year. It now holds a 5.4% stake after multiple sales in the open market between Jan. 6 to May 6.
  • Bay Tree was the largest anchor investor in Yes Bank's $2 billion equity raising last year when it paid 22 billion rupees for about 55% of the investor portion. It's now the second-largest single shareholder after State Bank of India.

CCI Approves Internal Restructuring of IBM under Green Channel Route

  • The Competition Commission of India (CCI) has approved Kyndryl Holdings and Grand Ocean Managed Infrastructure Services' proposal for the internal restructuring of IBM Corporation under the green channel route.
  • Green channel is an automatic approval system, whereby a combination is deemed to have been approved by the CCI upon receiving the filing of the notice for the combination by the parties concerned.
  • International Business Machines Corporation (IBM Corporation/ Seller) plans to spin off its global MIS Business into a new public company, within the framework of an International corporate internal re-organization.
  • The MIS business is the business of infrastructure services unit of IBM Corporations Global Technology Services segment and includes security, regulatory, risk management services, identity management services offerings of the security services unit of IBM Corporation's Cloud and Cognitive software segment, but excludes the public cloud platform offering of the infrastructure services unit.

Infosys in Strategic Tie-up with Soft-drink Maker Britvic

  • IT services major Infosys selected by Britvic, one of the leading branded soft drinks businesses in Europe, as a strategic end-to-end partner to help them deliver their strategic transformation roadmap and operations, across applications, cloud infrastructure, service management and end user computing.
  • As Britvic's strategic partner, Infosys will provide end-to-end IT services and deliver a technology-driven approach to fulfill Britvic's business goals and strategic digital transformation roadmap. Infosys will also simplify and streamline its cloud infrastructure and operations leveraging Infosys Cobalt while improving service delivery through analytics, automation and process maturity.
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SCIENCE & TECHNOLOGY

SpaceX Launches 60 Starlink Satellites in Record 10th Liftoff

  • A SpaceX Falcon 9 rocket launched 60 Starlink internet satellites into orbit early Sunday (May 9) and then stuck a landing at sea to cap a record 10th flight for the company's reusable booster.
  • The veteran Falcon 9 rocket blasted off before dawn from Space Launch Complex 40 at Cape Canaveral Space Force Station, marking the company's 14th launch of the year. It was also one for the record books as the flight was this particular booster's 10th launch and landing attempt. The rocket's once pristine exterior was almost black, charred by its many trips to orbit and back.
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NATIONAL AFFAIRS

Padmakumar Nair New CEO of National Asset Reconstruction Company

  • Padmakumar M Nair has been appointed as the CEO of the proposed National Asset Reconstruction Company Ltd. Presently Padmakumar is the Chief General Manager of Stressed Assets Resolution Group at SBI.
  • National Asset Reconstruction Company Ltd. is a proposed bad bank for taking over stressed assets of lenders and was announced by Finance Minister Nirmala Sitharaman in the budget for 2021-22 to consolidate and take over existing stressed assets of lenders and undertake their resolution.
  • Bad bank refers to a financial institution that takes over the bad assets of lenders and undertakes resolution.
  • National Asset Reconstruction Company Ltd (NARCL) will pay up to 15 per cent of the agreed value for the loans in cash and the remaining 85 per cent would be government-guaranteed security receipts.

PM Narendra Modi to not visit UK for G7 summit

  • Prime Minister Narendra Modi will not physically attend the G7 summit in June this year due to the prevailing COVID situation.
  • Modi was slated to attend the summit which will be held in Cornwall on the invitation of the UK's Prime Minister Boris Johnson.
  • It will be the 47th edition of the summit. The G7 members include the UK, Canada, France, Germany, Italy, Japan, the USA and the EU.

India-UK Extradition Relationship

  • A new India-UK Migration and Mobility Partnership (MMP) will cover the whole spectrum of immigration issues, including streamlining extradition processes as well as a new "bespoke" offer for greater mobility of young students and professionals in both countries, Britain's Home Secretary Priti Patel has said.
  • In reference to high-profile Indian extradition cases, including that of former Kingfisher Airlines chief Vijay Mallya and fugitive diamond merchant Nirav Modi, the senior Indian-origin Cabinet minister admitted there have been "frustrations" in the past. But she asserted that since her tenure at the UK Home Office the extradition coordination between the two countries has "fundamentally changed and improved".
  • Patel said that even during her most recent meeting with External Affairs Minister S Jaishankar, when the two ministers signed the new MMP last week, she had reassured him that the UK government is committed to working within legal frameworks to ensure serious offenders are put through the formal process to face justice in India.
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DEFENCE

Portugal to Train Mozambique Forces

  • Portugal is to train Mozambican troops in an agreement aimed at boosting ongoing fight against an Islamist insurgency in the north of the southern African country.
  • The agreement was signed in Lisbon by Mozambican Defence Minister Jaime Neto and his Portuguese counterpart João Gomes Cravinho.
  • The training is part of a five-year plan that will see Portugal increase its number of troops in Mozambique to 80 to train Mozambican soldiers, share intelligence and help the country use drones to track the militants' movements.
  • The European Union (EU) could also send between 200 and 300 soldiers to Mozambique on a training mission.
  • Recent attacks by jihadists on the coastal town of Palma have led to deaths and triggered an exodus that included workers on a liquefied natural gas project, led by the French oil and energy company, Total.
  • Insurgents have been carrying out intermittent attacks against some districts of Cabo Delgado province, some of them close to the border Tanzania since late 2017.
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PERSONS IN NEWS

Actor and Director Norman Lloyd Passes Away

  • American actor, producer and director Norman Lloyd, whose career of more than 80 years included collaborations with legends such as Charlie Chaplin and Orson Welles, has died at the age of 106.
  • His last movie appearance as an actor was in the 2015 raunchy comedy "Trainwreck," starring Amy Schumer and directed by Judd Apatow.

Kerala's First Revenue Minister Gouri Amma Passes Away

  • The first Revenue Minister of Kerala and JSS leader KR Gouri Amma passed away in Thiruvananthapuram where she was admitted due to age-related ailments. She was 102.
  • KR Gouri had recently stepped down from the state general secretary post of the Janadhipathya Samrakshana Samithi (JSS). She held the post since the formation of the party in 1994.
  • The party was formed after Gouri was expelled from the Communist Party of India (Marxist) in 1994. She served as Revenue Minister in the first EMS Namboodiripad government and introduced the revolutionary Land Reforms Bill in 1957.
  • She also was a minister in the communist-led ministries in Kerala in 1957, 1967, 1980 and 1987. She became Agriculture Minister in the Congress-led government from 2001 to 2006.
  • She played a key role in drafting and presenting the Women's Commission Bill in 1987. One of the longest serving politicians in Kerala politics, Gouri entered politics at a young age.
View Month Wise

DAYS AND EVENTS

International Nurses Day

  • International Nurses Day is an international day observed around the world on 12 May (the anniversary of Florence Nightingale's birth) of each year, to mark the contributions that nurses make to society.
  • The International Council of Nurses (ICN) has celebrated this day since 1965.[2] In 1953 Dorothy Sutherland, an official with the U.S. Department of Health, Education and Welfare, proposed that President Dwight D. Eisenhower proclaim a "Nurses' Day"; he did not approve it.
  • In January 1974, 12 May was chosen to celebrate the day as it is the anniversary of the birth of Florence Nightingale, the founder of modern nursing. Each year, ICN prepares and distributes the International Nurses' Day Kit. The kit contains educational and public information materials, for use by nurses everywhere. As of 1998, 8 May was designated as annual National Student Nurses' Day.
  • The theme for the 2021 is Nurses: A Voice to Lead - A Vision for Future Healthcare.
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AWARDS AND HONOURS

Nutrition Expert of Indian Descent Wins World Food Prize

  • Dr. Shakuntala Haraksingh Thilsted, a global nutrition expert of Indian descent, won the prestigious 2021 World Food Prize for her groundbreaking research in developing holistic, nutrition-sensitive approaches to aquaculture and food systems.
  • World Food Prize Foundation President Barbara Stinson announced the award, which is also referred to as the Nobel Prize for Food and Agriculture.
  • The award also carries a cash prize of USD 250,000.
  • US Secretary of State Antony J. Blinken, US Secretary of Agriculture Thomas J. Vilsack and UN Nutrition Chair Naoko Yamamoto delivered individual remarks at the announcement.
  • Thilsted's trailblazing research on small native fish species in Bangladesh led to the development of nutrition-sensitive approaches to aquatic food systems at all levels, from the farm to food processing to final consumers, resulting in improved diets for millions of the most vulnerable people in Asia and Africa, the World Food Prize said on its website.
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GENDER/ HEALTH/ EDUCATION

MP Govt. to Introduce Vedic Sciences, Vaastu in New Vocational Curriculum

  • The higher education department of Madhya Pradesh has decided to design a new vocational curriculum with subjects such as Vedic sciences and Vaastu at the core of its new educational syllabus.
  • According to the state government official, the new course being introduced by the Madhya Pradesh government has a special focus on Vedic Karmkand (rituals), Jyotishi (astrology), Vedic science, and Vastu Shastra (a mix of architecture and spirituality), apart from other courses such as hotel management and physical training.
  • In the new and improved syllabus designed by the Madhya Pradesh education department for higher educational institutes in the state, subjects such as Vedic Karmakand, Vedic science and astrology, yoga, hotel management, and dietary science will be introduced.
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BOOKS AND AUTHORS

Book Titled 'Life in the Clock Tower Valley' by Shakoor Rather

  • "Life in the Clock Tower Valley" is the debut book of Press Trust of India (PTI) journalist Shakoor Rather. The book is published by Speaking Tiger, it talks about Kashmir's pristine past, its grievous present and always-uncertain future. It also includes historical and political information about Kashmir as well as environmental issues that are seldom talked about.
  • Besides talking about various aspect of life in the Valley, the author also describes in detail how different characters pop up in its streets during different seasons: "life-size scarecrows during summers to frighten the unrelenting birds hovering over the paddy fields, and the ceremonial snowmen that delight the neighbourhood children celebrating the much-awaited snowfall".
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