Dear Friends,
Welcome to the Quick Gyan (QG) Section of D2G. QG is just a glimpse of what happened today all over the world.
Only For Serious Candidates : We strongly recommend you to read the Current Affairs in detail. For your convenience, we have provided quick links under the updates. Make use of it.
Always Keep Yourself Updated!!!
AWARDS AND HONOURS
Lalita Babar named sports person of the year
Long-distance runner Lalita Babar was named as the Sports Person of the Year in the India Sports Awards 2015. The Indian Sports Award were were given away at the conclusion of day one of ‘Turf 2015-16’, organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) with the support of the Sports Ministry. Babar qualified for Rio Olympics recently im the 3000m steepelchase event and is the current Indian national record holder. Hockey legend Balbir Singh has been conferred with the Lifetime Achievement award.
Quick Link – Sports person of the year
APPOINTMENTS
USL appoints MK Sharma as new chairman
The Diageo-controlled United Spirits USL) has announced the appointment of MK Sharma as its new chairman, a day after the embattled liquor baron Vijay Mallya resigned from the post. Mallya’s exit from the board of United Spirits ended a long-drawn tussle between him and the majority owner, UK’s Diageo, following allegations of irregularities on loans given to UB Group companies. USL is now controlled by the world’s largest spirits maker Diageo, which had acquired an additional 26 per cent stake in USL for Rs 11,448.91 crore in July to take its total share in the Indian firm to 54.78 per cent.
Quick Link – MK Sharma as Chairman
Ratan Tata to head Indian Railways’ innovation committee
Minister of Railways, Suresh Prabhu has announced plans to set up a dedicated, cross functional team called Special Unit for Transportation Research and Analytics (Sutra). The unit’s objective is to carry out detailed analytics leading to optimised investment decisions and operations. The team would comprise professional analysts and best-in-class decision support systems and optimisation engines. The Ministry has set aside a sum of Rs 50 crore for providing innovation grants to employees, start-ups and growth oriented small businesses to support internal and external innovation.
Quick Link – Indian Railways’ innovation committee
Rajendra Singh appointed as DG of Coast Guard
Rajendra Singh will be the new director general of the Coast Guard. This is the first time that the force will get a chief from its own internal cadre since it was set up in 1978 as the country’s fourth armed force after the Army, Navy and IAF. He will replace Vice Admiral H. C. S. Bisht. The Appointments Committee of Cabinet has approved Rajendra Singh’s appointment. The director general’s post has so far only been held by officers who were commissioned in the Indian Navy. Rajinder Singh is currently additional director general of the Coast Guard.
Quick Link – Rajendra Singh as DG
BANKING AND FINANCE
RBI to buy Rs 12000 crore worth of Govt Bonds
The Reserve Bank of India has announced an open market operation (OMO) purchase of government securities worth Rs 12,000 crore on March 3. The RBI conducts OMO purchases in order to infuse liquidity into the system whenever there is a deficiency, while it conducts OMO sales to suck excess liquidity from the system. OMOs are also intended to keep the short-term interest rates close to the policy rate. The liquidity deficit in the banking system has been around Rs.1.5 trillion over the past two months, mainly because of the build-up of the government’s cash balance with RBI. The central bank’s foreign exchange interventions in the recent past have also increased the deficit.
Quick Link – RBI buy OMO
INDIAN AFFAIRS
Modi remains the most powerful Indian : The Indian Express Power List
The Indian Express Power List, which ranks the 100 most powerful Indians, for the year 2016, has been released. Prime Minister Narendra Modi, who led his party the BJP to a landslide victory in the 2014 national elections, remains the most powerful Indian. Mohan Bhagwat, the chief of the RSS (the ideological fountainhead of the BJP), holds the second spot, very much an indicator of the influence of his organization on the present government. He is followed by BJP chief Amit Shah, who occupies the third spot. Finance Minister Arun Jaitley and Congress President Sonia Gandhi covet the fourth and fifth spots.
Quick Link – Modi remains powerful Indian
Mukesh Ambani remains richest Indian
Industrialist Mukesh Ambani remains India’s richest person with a sharp surge of 30 per cent in his net worth to $26 billion, pushing his global rank to 21st on a worldwide rich list topped by Bill Gates. The total number of billionaires from India has risen to 111, consolidating the country’s third position after China and the US, according to Hurun Global Rich List 2016, a ranking of the US dollar billionaires currently found in the world. Bill Gates retained the top spot with a fortune of $80 billion. “Gates has become the first person alive to have created a $100 billion fortune, having given away more than $20 billion to date,” the report said.
Quick Link – Mukesh Ambani remains same
Vijay Mallya quits as Chairman of United Spirits
Flamboyant ((of a person or their behaviour) tending to attract attention because of their exuberance, confidence, and stylishness.) businessman Vijay Mallya has quit as Chairman of United Spirits after its new majority owner Diageo agreed to pay Rs 515 crore and absolve him of all liabilities over alleged financial lapses at the company founded by his family. Mallya, who along with his group firms is fighting ‘wilful defaulter’ tags given by various lenders in relation to loans taken by long-defunct Kingfisher Airlines. Diageo has agreed to retain Sidhharth Mallaya as Director of the USL Group firm that runs the RCB cricket team of IPL cricket tournament for at least two years.
Quick Link – Mallya quits from United spirits
Lok Sabha passes Election Laws (Amendment) Bill, 2016
The Lok Sabha has passed Election Laws (Amendment) Bill, 2016 to grant voting rights to people who became citizens of the country following the exchange of enclaves between India and Bangladesh. The Opposition Parties have questioned the delay on part of the government in bringing the measure. Law Minister DV Sadananda Gowda had introduced in the Lok Sabha the Bill to amend Section 11 of the Delimitation Act, 2002 and Section 9 of the Representation of the People Act, 1950. The Bill was later passed unanimously by a voice vote. Gowda urged the House to pass the bill in the current session to enable the grant of voting rights to the people in these enclaves.
Quick Link – LS passes (Amendment) Bill, 2016
India’s Child Mortality Rate at 48 per 1000
Union Women and Child Development minister Maneka Gandhi said India has the third highest child mortality rate among SAARC countries with 48 deaths reported per 1000 live births. According to World Bank data of 2015, country’s under-five child mortality rate is 48 deaths per 1000 live births. Afghanistan has the highest rate at 91 followed by Pakistan at 81. According to office of the Registrar General of India (ORGI), the U5MR, estimated as number of child deaths per 1000 live births, was 85, 77, 59, 55, 52 and 49 in 2000, 2005, 2010, 2011, 2012 and 2013, respectively.
Quick Link – Child Mortality
INTERNATIONAL AFFAIRS
EU asked to impose arms embargo on Saudi Arabia
The European Parliament called on the European Union to impose an arms embargo against Saudi Arabia, saying Britain, France and other EU governments should no longer sell weapons to a country accused of targeting civilians in Yemen. EU lawmakers, who voted overwhelmingly in favor of an embargo, said Britain had licensed more than $3 billion of arms sales to Saudi Arabia since Saudi-led forces began military operations in Yemen in March last year. Nearly 6,000 people have been killed since the coalition entered the conflict, almost half of them civilians, according to the United Nations, and the European Parliament said it was acting on humanitarian grounds.
Quick Link – Embargo on Saudi Arabia
SCIENCE AND TECHNOLOGY
Astronauts to return from space after a year
Astronaut Scott Kelly is preparing to return to Earth after spending an unprecedented year on the International Space Station. Kelly has been in the process of finishing his collection of samples, some of which will return with him in the Soyuz capsule when it lands near Kazakhstan. He’s also been packing up because, even though there is limited space in the capsule — it’s nearly 23 feet long and nearly 9 feet in diameter — astronauts can bring 1½ kilograms (about 3 pounds) of items back with them. Most of Kelly’s items will be personal items that were given to him before he launched on March 27, 2015. The astronauts can also send other items back via SpaceX cargo spacecraft.
Quick Link – After a year
SPORTS
Santina’s 41-Match Winning Streak Ends
Santina, the world number one doubles pair have lost for the first time in 41 matches, at the Qatar Open. They went down 2-6, 6-4, 10-5 to Russian pair Elena Vesnina and Daria Kasatkina in the quarter-finals. Mirza and Hingis had started their win streak in September at the U.S. Open, the first of nine straight titles. If they had won the Qatar event they would have tied Natasha Zvereva of Belarus and Czech Jana Novotna’s 1990 mark of 44 consecutive wins. Prior to Qatar, their form this year has been magnificent and the Indo-Swiss pairing have already won four titles, including titles in Brisbane and St Petersburg, as well as the Australian Open.
Quick Link – Santina’s 41
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