The Daily Brief – 28th November 2016


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  • Prime Minister Narendra Modi flagged off the Humsafar train between Gorakhpur and Delhi’s Anand Vihar terminus from Kushinagar in Uttar Pradesh. The fare would be 20% more than the normal trains.
  • The 51st Annual Conference of Directors-General of Police of States was held in Hyderabad, Telangana and was inaugurated by Union Home Minister Rajnath Singh.
  • Goa is likely to become the first state in India to go cashless from December 31. One will have to dial *99# from their mobiles and follow instructions to complete transaction.
  • The Competition Commission has approved the proposed acquisition of urea and fertilizers business of TATA Chemicals by Norway’s Yara Fertilisers. TATA will sell its urea plant in Babrala, Uttar Pradesh.
  • The Insolvency and Bankruptcy Board of India sets up two high-level committees under the Insolvency and Bankruptcy Code. It aims to consolidate and amend laws relating to reorganization as well as insolvency resolution. The 9 member committee on service providers is headed by educationist Mohandas Pai while panel on corporate insolvency and liquidation is chaired by Uday Kotak.
  • HSBC has rolled out Unified Payments Interface solution for corporates in India. It is the only other bank after Standard Chartered Bank that has gone live with an UPI offering.

    Jacob Zuma
  • South Africa’s President Jacob Zuma is facing a vote of no confidence from the leaders of his party, African National Congress over corruption allegations. The ANC was founded on January 8, 1912 and its headquarters are in Johannesburg, South Africa.
  • Japan’s Ministry for Trade has doubled the estimated cost of compensation for the 2011 Fukushima nuclear disaster and decommissioning of the damages Fukushima-Daiichi nuclear plant. The new estimate is 8 trillion yen. The Fukushima disaster happened on 11 march, 2011 triggered by a Tsunami and later the Tohoku earthquake.
  • Kuwait opposition groups and their allies have won 24 seats for the 50-seat Parliament. Safaa al-Hashem is the only woman to win a seat.
  • The former Prime Minister of France Francois Fillon has won the Conservative Presidential primary.
  • Sri Lanka beat Zimbabwe by six wickets to win the triangular series final at Queens Sports Club in Bulawayo.

    Today’s Quiz

    1. Who is the only woman in Kuwait to win a seat in the Parliament?

    2. Which company is set to acquire TATA Chemical’s urea and fertilizer business?

    3. What is the name of the President of South Africa?

    4. Where was the 51st Annual Conference of Directors-General of Police of States held?

    5. Which state in India is likely to become the 1st cashless state by December?

    6. Who is going to lead the committee on service providers instituted by the Insolvency and Bankruptcy Board of India?


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