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Daily G.K. - Top Stories

21 Jun 2023

DAILY G.K. TEST

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INTERNATIONAL AFFAIRS

Oman Creates History as First Foreign Government to Promote Country through Yoga

  •  In a pioneering initiative, the Indian Embassy in the Sultanate of Oman introduced an innovative video called 'Soulful Yoga, Serene Oman' on the eve of the International Day of Yoga 2023.
  • The video showcases yoga enthusiasts from different countries performing beautiful yoga poses against stunning backdrops such as mountains, beaches, and sand dunes in and around Muscat.
  • What makes this video unique is its collaboration with the Government of Oman.
  • The Indian Embassy partnered with 'Visit Oman,' a subsidiary of Oman's Ministry of Tourism, to produce the video. This marked the first instance of a foreign government using yoga to promote its own country.
  • The video not only demonstrates the increasing popularity and acceptance of yoga as a health practice worldwide but also highlights its growing prominence in Oman.

Pakistan's Economic Crisis Deepens with Dollar Crunch Halting Food Imports

  •  Pakistan is currently facing a severe economic crisis characterised by a shortage of dollars, leading to a complete halt in the import of essential food and beverages. The situation has resulted in thousands of stranded containers at ports, incurring fines and additional charges for traders. The lack of sufficient foreign exchange, which the Pakistan State Bank (PSB) has been unable to provide, has further exacerbated the country's economic challenges.
  • Pakistan's dollar crisis can be attributed primarily to the depletion of the country's foreign reserves over the past year. The economy suffered a significant setback due to devastating floods in north-western Pakistan, followed by disruptions in oil supplies during the Russia-Ukraine war. These events made it challenging to pay high tariffs on imported oil, contributing to the current crisis.

World Bank to Approve Aid Package worth 700 Million to Sri Lanka

  •  The World Bank is likely to approve $700 million in budgetary and welfare support for Sri Lanka at its next board meeting in June, the biggest funding tranche for the crisis-hit island nation since an IMF deal in March 2023.
  • The economy of the country of 22 million is expected to shrink 2% this year before returning to growth next year.
  • The International Monetary Fund approved a bailout of nearly $3 billion in March 2023, which Sri Lanka expects will bring additional funding of up to $4 billion from the World Bank, the Asian Development Bank and other multilateral agencies.
  • Of the proposed World Bank funding, $500 million will be for budgetary support and is likely to come in two tranches of $250 million each.
  • The remaining $200 million will be earmarked for programmes to assist the poor, whose numbers have doubled to 25% of the population since the onset of the Indian Ocean nation's worst economic crisis early in 2022.
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ENVIRONMENT

Himalayan Glaciers on Track to Lose up to 75% of Ice by 2100

  • Glaciers in Asia's Hindu Kush Himalaya could lose up to 75% of their volume by century's end due to global warming, causing both dangerous flooding and water shortages for the 240 million people who live in the mountainous region, according to a new report.
  • A team of international scientists found that ice loss in the region, home to the famous peaks of Everest and K2, is speeding up. During the 2010s, the glaciers shed ice as much as 65% faster than they had in the preceding decade, according to the assessment by the Kathmandu-based International Centre for Integrated Mountain Development (ICIMOD), an intergovernmental scientific authority on the region.
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BUSINESS AND ECONOMY

Intel and Germany Sign Agreement for $32.8 Billion Chip Plant Investment

  • Intel committed to invest $32.8 billion in Magdeburg,a city in Germany for the establishment of two cutting-edge semiconductor facilities. This collaboration, with financial support from Berlin, represents the largest foreign investment ever made in Germany. The German government, recognizing the strategic importance of the semiconductor industry, pledged to provide approximately 10 billion euros in financial support toward Intel's overall investment in the country The deal is poised to bolster the country's semiconductor industry and solidify Intel's position as a leading player in the market.
  • Intel acquired the land for two semiconductor facilities in Magdeburg in eastern Germany in November 2022, and the company says the first of them is expected to start production in four or five years. The investment in Germany means a significant expansion of Intel's production capacity in Europe and is the biggest investment ever made by a foreign company in Germany. 

Delta Corp Reappoints Ashish Kapadia as MD

  • Delta Corp reappointed Ashish Kapadia as Managing Director of the Company for a period of 5 years commencing from April 27, 2024 subject to approval of shareholders at the ensuing Annual General Meeting (AGM).
  • Kapadia has been Managing Director of Delta Corp Limited since April 2009. He holds a bachelor's degree in commerce from Madurai Kamaraj University. Under his leadership the company has grown manifold. He has significant experience across sectors such as gaming, hospitality, real estate, paints, textiles, financial services and civil aviation.

IndusInd Bank Partners with Wise to Offer Online Inward Remittance to India

  • IndusInd Bank forged a strategic partnership with Wise, a global technology company specializing in secure money transfers.
  • The collaboration aims to provide convenient and efficient online inward remittance services specifically tailored for Non-Resident Indians (NRIs) residing in the United States and Singapore.
  • Through this partnership, IndusInd Bank's customers can transfer funds from these two major global markets. The remittance service, known as Indus Fast Remit (IFR), will integrate with the Wise Platform, allowing NRIs to enjoy a multi-currency inward remittance service.
  • This marked the introduction of the Wise Platform in India. 
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SPORTS

Canadian Grand Prix: Verstappen Takes Red Bull's 100th Win in Formula One

  • Max Verstappen won the Canadian Grand Prix from pole position to stretch his Formula One championship lead and take Red Bull's milestone 100th victory.
  • The Dutch led every lap as he took his career tally to 41 wins, stepping up alongside Brazil's late triple champion Ayrton Senna in the record books.
  • Fernando Alonso finished second for Aston Martin at Montreal's Circuit Gilles Villeneuve, the Spaniard's sixth podium in eight races, with Britain's seven times world champion Lewis Hamilton third for Mercedes.
  • Red Bull has won every race so far this season and Canada was double world champion Verstappen's sixth of the campaign and fourth in a row.
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PERSONS IN NEWS

Sumit Seth Appointed India's Next Ambassador to Panama

  • Sumit Seth, an Indian Foreign Service officer of the 2005 batch, was appointed as India's next ambassador to Panama.
  • Earlier, he served as Deputy Chief of Mission in Yangon, Myanmar. He was also posted at India's Missions in Madrid, Bogota and Geneva.
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DAYS AND EVENTS

International Yoga Day

  •  International Yoga Day is celebrated every year on June 21st to promote the numerous benefits of practicing yoga. The chosen date coincides with the summer solstice, the longest day of the year in the Northern Hemisphere. This day serves as a platform to raise awareness about the holistic approach to well-being that yoga offers.
  • In its 9th edition, this year's (2023) International Day of Yoga was led by Prime Minister Narendra Modi at the UN Headquarters on June 21. This marked the first time a yoga session was conducted by the Prime Minister at this location.
  • During his speech at the 69th session of the UN General Assembly in 2014, Prime Minister Narendra Modi put forward the concept of a dedicated yoga day. On December 11, 2014, all 193 member states of the United Nations unanimously agreed to observe the International Day of Yoga on June 21. The inaugural celebration occurred on June 21, 2015. Since then, International Yoga Day has become a global phenomenon, and it is now celebrated in over 190 countries.
  • The theme for International Day of Yoga 2023 is 'Yoga for Vasudhaiva Kutumbakam', which represents our shared desire for 'One Earth, One Family, One Future'.

World Hydrography Day

  • World Hydrography Day, a significant occasion officially recognised and implemented by the International Hydrographic Organisation (IHO), is marked annually on June 21. This day holds great importance as it serves as a platform to highlight the crucial work carried out by hydrographers worldwide and to promote the significance of hydrography itself. Through various activities and events organized on this day, the IHO aims to increase public awareness and understanding of hydrography's role in ensuring safe and efficient navigation, sustainable marine resource management, and coastal zone development.
  • The International Hydrographic Organisation (IHO) was established in 1921, serving as a prominent entity focused on addressing various aspects of marine life. Headquartered in Monaco, the organization played a crucial role in advocating navigation-related concerns, setting technical standards, and protecting marine environments, engaging directly with governments.
  • The organization presented its idea to the United Nations General Assembly, which approved and welcomed the initiative. The UNGA later adopted it as a resolution, and since then, World Hydrography Day is observed annually on June 21, coinciding with the IHO's anniversary.
  • Each year, World Hydrography Day focuses on a specific theme. World Hydrography Day 2023 theme was 'Hydrography - underpinning the digital twin of the ocean'.
View Month Wise

AWARDS AND HONOURS

Acharya Gopi Conferred for First Prof. Jayashankar Award

  • Eminent poet, literary critic and Sahitya Akademi Award recipient Acharya N. Gopi was conferred the Prof. Kothapalli Jayashankar Award instituted by Bharat Jagruthi, a cultural organisation and extended arm of Bharat Rashtra Samithi. The award was presented to Acharya Gopi at an event to be organised at Telangana Saraswatha Parishath in Abids. According to Bharat Jagruthi, the award has been instituted earlier this year (2023) for honouring the littérateurs every year.

Salman Rushdie Wins Prestigious German Peace Prize

  • Author Salman Rushdie was selected for the prestigious German prize for his literary work and for his resolve in the face of a constant threat to his life. The Peace Prize of the German Book Trade for 2023 said that the author will receive the award in Frankfurt on October 22.
  • The award's Board of Trustees described Rushdie as a passionate defender of freedom of thought and expression - just as equally for himself as for those whose views he does not share.
  • He was awarded for his indomitable spirit, for his affirmation of life and for enriching our world with his love of storytelling.
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GOVERNMENT POLICIES AND SCHEMES

Punjab Assembly Approves Bill, CM to Replace Governor as Chancellor of State Universities

  •  In a significant development, the Punjab Assembly passed the Punjab Universities Laws (Amendment) Bill, 2023, which replaces the Governor with the Chief Minister (CM) as the chancellor of state-run universities. This move grants the state government greater control over higher education institutions.
  • The bill aims to address the differences that have arisen between the Bhagwant Mann-led government and Governor Banwarilal Purohit regarding the appointment of vice-chancellors for state universities.
  • The bill received widespread support from various political parties. In addition to the ruling Aam Aadmi Party (AAP), the Shiromani Akali Dal (SAD) and a lone Bahujan Samaj Party (BSP) member also backed the legislation.
View Month Wise

GENDER/ HEALTH/ EDUCATION

IIM-Calcutta Launches Executive Programme in Public Policy and Management

  • The Indian Institute of Management Calcutta (IIM Calcutta) tied up with ed-tech platform Emeritus and rolled out Executive Programme in Public Policy and Management. The 12-month programme is designed for a range of professionals from governments, NGOs and academia, to corporate and public affairs to gain a deeper understanding of contemporary public policy and implement transformative policies.
  • IIM-Calcutta claims that the curriculum is one-of-its-kind that combines public policy management, strategy and innovation along with contemporary agendas.
  • The programme is designed by leading faculty at IIM Calcutta and will take place via live online sessions as well as in-campus sessions.

IIM-Calcutta Collaborates with WBCHSE to Offer Leadership Training to School Teachers

  • IIM Calcutta collaborated with the West Bengal Council of Higher Secondary Education to give leadership development training to head teachers of state government-run and-aided schools.
  • The first edition of the programme was organised in 2021-22, and it provided training to 985 head teachers across West Bengal.
  • In the second edition this year (2023), the aim is to impart leadership development training for over 2,000 head teachers.

Centre Launches 'Dakshta' Course Collection on iGOT Platform

  • The central government launched a new collection of courses called 'Dakshta' (Development of Attitude, Knowledge, Skill for Holistic Transformation in Administration) on the iGOT Karmayogi Platform.
  • The 'Dakshta' course collection consists of 18 courses tailored specifically for young professionals and consultants engaged in government services.
  • These courses aim to build functional, domain-specific, and behavioral competencies among learners. By acquainting them with subjects crucial to their roles and responsibilities, the courses empower young professionals to discharge their duties effectively.
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