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MBA GK Updates - Feb 01 to Feb 09 2017

MBA GK Updates - Feb 01 to Feb 09 2017

TestFunda ,  09-Feb-17
Contempt case: Justice to appear personally in SC
India > SC > Feb 09

In an unprecedented order, the Supreme Court asked the sitting Calcutta High Court judge Justice C S Karnan to appear in person before it and explain why contempt proceedings should not be initiated against him.

India, US agree to sustain defence partnership
India > India-US > Feb 09

India and the US agreed to maintain the pace and momentum of their partnership after Secretary of Defence Jim Mattis spoke on the phone with Manohar Parrikar. India and the US agreed to maintain the pace and momentum of their partnership, particularly their defence ties, after Secretary of Defence Jim Mattis spoke on the phone with his Indian counterpart Manohar Parrikar, a Pentagon spokesman said.

Trump breaks ice with China’s Xi in letter seeking ‘constructive’ ties
World > US-China > Feb 09

U.S. President Donald Trump has broken the ice with Chinese President Xi Jinping in a letter that said he looked forward to working with him to develop constructive relations, although the pair haven't spoken directly since Mr. Trump took office.

Red Cross suspends aid work in Afghanistan after 6 staff killed by gunmen
World > Red Cross > Feb 09

The International Committee of the Red Cross (ICRC) suspended operations in Afghanistan on Wednesday after gunmen killed six employees helping deliver emergency relief to a remote northern region hit by heavy snow storms.

ED seeks to provisionally attach Sahara hotels abroad
India > Sahara > Feb 09

Troubles continue to mount for the Sahara group, forced to deposit Rs 25,000 crore with market regulator Sebi, with the Enforcement Directorate (ED) moving the Supreme Court seeking provisional attachment of the group's three hotels and four other properties abroad. The agency alleged that these were acquired with illegal money.

SC gets tough with Sahara, attaches Aamby Valley to expedite recovery of money
India > Sahara > Feb 07

The Supreme Court on Monday attached Sahara's Aamby Valley—valued at approximately Rs 39,000 crore – in order to expedite the recovery of Rs 14,779 crore the company owes its duped investors. At the insistence of market regulator Securities and Exchange Board of India (Sebi), the SC also ordered Sahara to submit a list of properties "free from any encumbrance" that would be put up for auction to help recover the money.

Aircel-Maxis Case: Special Court discharges accused ex-telecom minister Maran, all others
India > Aircel-Maxis > Feb 07

A Special court discharged all accused in Aircel Maxis deal cases which were lodged by CBI and Enforcement Directorate (ED) involving ex-telecom minister Dayanidhi Maran and others. All accusations against Maran brothers and other accused in Aircel Maxis case discharged.

Qatar Airways launches world's longest flight
World > longest flight > Feb 05

Qatar Airways launched the world's longest scheduled commercial service with its inaugural flight from Doha to Auckland taking off eight minutes early on Sunday, a company spokeswoman said.

Indian IT firm CEOs to meet Trump officials on visa reform concerns
Corporate > H-1B visa reform > Feb 03

Indian IT sector leaders will meet both US lawmakers and officials from US President Donald Trump’s administration later this month to lobby against any major changes to visa regulations that could hurt the country’s $150 billion industry. R Chandrashekhar, head of Indian IT industry body Nasscom, said details of the visit were still being finalised, but chief executives from some of India’s big IT companies would be part of a delegation visiting Washington in the week of February 20. India’s software services industry is concerned about a bill introduced in the US Congress seeking to double the salary paid to H-1B visa holders which would dramatically increase the costs for the Indian companies employing them.

NTPC to shut down old plants with capacity of 11 giga watts
India > NTPC > Feb 06

State-owned NTPC has decided to shut down old polluting power plants of capacity totalling roughly 11 GW and replace those with new ones which are highly efficient, power minister Piyush Goyal told the Rajya Sabha today.

UK's House of Commons passes bill authorizing Brexit
World > Brexit > Feb 09

Britain's House of Commons gave its final approval on Wednesday to a bill authorizing the government to start exit talks with the European Union, despite fears by opposition lawmakers that the UK is setting out on the rocky path to Brexit with a sketchy roadmap.

Legislation introduced to cut legal immigrants to US by half
World > US > Feb 08

Two top US senators have proposed a legislation to cut the number of legal immigrants to the US by half within a decade, a move that could adversely hit those aspiring to get a green card or permanent residency in the US including a large number of Indians.

No immediate plan to add new countries to travel ban list: White House
World > US > Feb 07

The Trump Administration has no plans at the moment to add any new countries in the list of seven Muslim-majority nations from where immigration to the US has been banned, the White House said today. “As of this moment, there is no immediate desire to add to that,” White House Press Secretary Sean Spicer told reporters.

Permanent UNSC status to ‘some’ defies democratic norms: Pakistan
World > UNSC status > Feb 7

In a veiled criticism of India, Pakistan has slammed the demand of some UN members to expand the permanent membership of the UN Security Council, saying it will defy basic norms of democratic representation and accountability.

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