GK Eduwrap – 28th April 2016

Eduwrap Daily 28th april

 

Grab your daily scoop of Current Affairs, from National to International, Sports, Business and Economics. Learn wisely and Gain better with Eduncle’s GK Eduwrap!

 

National – Across the India:

 

1. The Union Government has decided to allow States to impose and enforce stock limits on sugar in order to check the price rise of sweetener in the market.

 

The decision to bring sugar under the purview of stock holding limits on dealers of sugar was taken in Union Cabinet meeting chaired by Prime Minister Narendra Modi in New Delhi.

It will empower State and Central Government agencies to impose stock limits and regulate supply, storage, distribution and trade of sugar in order to bring down sugar prices at reasonable level by curbing unscrupulous trading.

 

2. The Union Cabinet has given its approval to enhance investment by Bharat Petroleum Corporation Limited (BPCL) in Bharat Oman Refineries Limited (BORL).

 

The investment amount of BPCL could be enhanced up to a maximum of 3000 crore rupees by way of subscription of convertible warrants or other instruments.

The infusion of funds by the BPCLs will Enable expansion of Bina Refinery in Madhya Pradesh and overcome the implications on account of the erosion of the net worth

 

Sports:

 

1. India’s Deepika Kumari has equalled the world record in Women’s Recurve event at the qualifying stage of Archery World Cup held in Shanghai, China.

 

She equalled the record set by South Korea’s Ki Boe Bae at the World University Games in Gwangju in 2015.

Deepika has already qualified for the 2016 Rio Olympics scheduled to be held in August 2016 with her performance at the Copenhagen World Championships in 2015.

 

Appointments & Resignations:

 

1. The former UN climate change panel (IPCC) chief, Dr. Rajendra Kumar Pachauri, has been removed from his post as head of The Energy and Resources Institute (TERI) in Delhi.

 

The move came days after a court allowed Pachauri to return to his office while facing sexual harassment allegations.

TERI’s governing council announced that Pachauri was being replaced as its director general by Ajay Mathur, a former World Bank official and one of the members of the Prime Minister’s council on climate change.

 

Mergers & Acquisitions:

 

1. India will sell an 11.36 percent stake in state-controlled hydropower producer NHPC Ltd.

 

The decision is taken to raise 28 billion rupees ($420 million).

This will kick off the government’s privatization programme for this year.

 

Memorandum of Understanding (MoU):

 

1. The Union Cabinet has given its approval to Memorandum of Understanding (MoU) between India and Papua New Guinea on cooperation in the field of Healthcare and Medical Science.

 

Decision in this regard was taken by Union Cabinet meeting chaired by Prime Minister Narendra Modi in New Delhi.

The bilateral MoU will encourage cooperation between the Union Ministry of Health & Family Welfare of India and Ministry of Health and HIV/AIDS of the Papua New Guinea.

 

2. The Union Cabinet has given its ex-post facto approval for the Memorandum of Understanding (MoU) between Insurance Regulatory and Development Authority of India (IRDAI) and the Insurance Authority of United Arab Emirates.

 

Decision was taken by the Union Cabinet meeting chaired by the Prime Minister Narendra Modi in New Delhi.

The MoU provides for Enhanced cooperation between the two authorities in the field of insurance supervision.

 

Economics & Banking GK:

 

1. The US Trade Representative’s annual Special 301 report has placed India on the Priority Watch List.

 

The report identified many measures taken by the government as encouraging in terms of providing a better IP protection regime, but raised multiple concerns, particularly related to the potential erosion in IP standards due to its push for promoting domestic manufacturing.

The report comes amid lingering disagreements between the two countries on many trade issues, in the context of India’s efforts to promote local manufacture.

 

Science & Technology:

 

1. Russia successfully launched the first rocket from its new space facility after a last-minute delay the day before.

 

The Soyuz 2.1a booster blasted off from the Vostochny Cosmodrome in the Russian Far East in the early hours Moscow time.

The three satellites the rocket was carrying orbited several hours later.

 

2. ISRO’s PSLV-C33, carrying India’s seventh navigation satellite IRNSS-1G, blasted off from the Satish Dhawan Space Centre in Sriharikota at 12.50 p.m.on Thursday.

 

The satellite was successfully placed in sub-Geosynchronous Transfer Orbit.

IRNSS (Indian Regional Navigation Satellite System) will be to the subcontinent what the GPS is to its users worldwide, but with far greater precision and in Indian control, according to the Indian Space Research Organization.

It is expected to provide position accuracy of better than 20 m over Indian region and also an area extending up to 1,500 sq. km around India.

 

Important Dates:

 

1. 28th April is celebrated World Day for Safety and Health at Work.

 

This year, “Workplace Stress: a collective challenge” is the theme of the campaign of the World Day for Safety and Health at Work.

The report will draw attention to current global trends on work-related stress and its impact.

 

Death:

 

1. Renowned Kerala cartoonist V T Thomas passed away following a brief illness at in Kottayam, Kerala. He was 86.

 

He was popularly known as Toms and had created the legendary cartoon characters Boban and Molly (Bobanum Moliyum).

He found his characters Boban and Molly at the age of 30 from his neighbourhood.

Initially in 1950 the characters appeared in a cartoon column Sathyadeepam weekly.

 

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