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!!!
BANKING AND FINANCE
SBI seizes Goa villa of Vijay Mallya
The government-owned State Bank of India (SBI) has seized a villa of debt-strapped liquor baron Vijay Mallya in Panaji, Goa. Mallya flew to London in March, under pressure from bankers seeking to recover about Rs 9000 cr owed by his collapsed Kingfisher Airline. The district magistrate gave an order in favour of banks to take physical possession of the Rs 90 cr Kingfisher Villa in Panaji town, which was venue of many famous parties hosted by him.
So far, India has failed in its initial attempt to secure the return of Mallya from Britain but New Delhi said it would continue to seek his repatriation to face his creditors. India, which has revoked Mallya’s diplomatic passport, requested on April 28 he be deported but now acknowledges there is no immediate prospect this will happen because Mallya has the right to remain in Britain.
Quick Link – SBI seizes Goa villa
India’s GDP likely to expand by 7.7% in FY17: NCAER
Economic think-tank NCAER has projected India’s economic growth rate to improve marginally to 7.7% in 2016-17 against the backdrop of IMD’s forecast of better monsoon rains this year. The agriculture sector has witnessed feeble growth on account of drought for two successive years. The average rate of growth in the agricultural and allied sectors’ GDP for 2014-15 and 2015-16 has been a low 0.5%. Two consecutive years of sub-par monsoon have had a significant impact on the output of both food as well as non-food crops.
India Meteorological Department (IMD) has predicted monsoon for 2016-17 at 106% of the Long Period Average (LPA) with a model error of 5%, “which may have a positive impact on agriculture and thereby the economy,” NCAER said in its Quarterly Review of the Economy.
Quick Link – NCAER
INDIAN AFFAIRS
GOI nods proposal to set up Kalinganagar National Investment Manufacturing Zone
The Centre has approved the Odisha Government’s proposal to set up Kalinganagar National Investment and Manufacturing Zone in Jajpur district. The Zone will be a mega industrial zone having a world-class township to cater to the needs of the investors. This is the third Investment and Manufacturing Zone of India involving a massive area of 163 square kilometer.
The project is expected to invite 1 lakh crore rupees investment and generate 1 lakh 50 thousand direct jobs. The Odisha government had earlier said it plan to establish the zone on over 40 thousand acre of land by spending more than 10 thousand crore rupees at Kalinga Nagar.
Quick Link – Kalinganagar National Investment Manufacturing Zone
Indian vessel under UN sanction for carrying disputed Libyan oil freed
United Nations has formally lifted the sanction put on Indian flag tanker MT Distya Ameya owned by M/s Arya Shipping, Mumbai. The oil tanker was blacklisted by the United Nations on April 26, 2016 after it had sailed from Al-Herega port in Libya picking up the consignment of over 6.5 lakh barrels of oil to discharge at Malta.
Subsequently, it had emerged on April 25, that this was in breach of the sanctions of the United Nations in as much as the said interim Government of Libya is not recognised by the United Nations. Being an Indian flagged ship, the Director General of Shipping, Government of India, took up the matter with the Permanent Mission of India to the United Nations.
Quick Link – Libyan oil freed
CVC plans ‘integrity index’ for govt depts to check corruption
In a first, the Central Vigilance Commission (CVC) has decided to develop an ‘integrity index‘ to help government departments assess where they stand on anti-corruption measures. The integrity index for public sector organisations will be based on bench marking of governance processes by internal and external stakeholders.
The probity watchdog believes that integrity, long-term sustainability and profitability are all closely linked and can help public organisations create islands of excellence in the medium to long term while achieving the objectives.
Quick Link – Integrity index
INTERNATIONAL AFFAIRS
Nepal completes laying optical fibre at Nepal-China border
Nepal Telecom (NT), the state-owned Nepalese telecommunication company, has completed laying optical fibre to Rasuwagadi area at the Nepal-China border from the capital city Kathmandu, with an eye to boosting Nepal-China connectivity. This has paved the way for interconnecting service of the NT with the China Telecom.
All-Dielectric Self-Supporting (ADSS) optical fibre was laid from Kathmandu to Rasuwagadi border point. The NT has planned to finish trial for direct traffic exchange among Nepal, China and India within this month. Once the Nepal Telecom gets connected with the China Telecom through optical fibre, it will be directly linked to Hong Kong Data Center which is one of the two biggest global data centers in Asia, the NT spokesperson said.
Quick Link – NT
SCIENCE AND TECHNOLOGY
China launches remote sensing satellite
China has successfully launched a remote sensing satellite to carry out land surveys and disaster relief. The satellite named Yaogan-30 was launched from Jiuquan Satellite Launch Centre in northwestern China’s Gobi Desert. The satellite will be used for experiments, land surveys, crop yield estimates and disaster relief. Yaogan-30 was carried by a Long March-2D rocket, the 227th mission for the Long March rocket family. China launched the first “Yaogan” series satellite, Yaogan-1, in 2006.
Yaogan-30 is probably an electro-optical observation satellite based on the military Jianbing-6 series. The Jianbing-6 electro-optical satellites carry high resolution optical sensors and reportedly have a resolution of between one to three meters and are placed in orbits that provide favorable illumination for the imaging missions.
Quick Link – Yaogan-30
SPORTS
Justice Mukul Mudgal in FIFA governance committee
In a major development for Indian football and judiciary, world governing body FIFA has turned to Justice Mukul Mudgal, who has been appointed as deputy chairman of its governance committee. The former Chief Justice of Punjab and Haryana, who headed the IPL spot-fixing probe, said is aware of his appointment.
Quick Link – Mukul Mudgal in FIFA
Thank you 🙂 🙂 🙂
