Compendium -Part 1

Exam Special, XAT

1.A Concise Compilation of Must-Know GK for XAT 2019

Ease of Doing Business 2019:

Released by: World Bank

Rank Country Rank Country
1. New Zealand 46 China
2. Singapore 77 India
3. Denmark 81 Bhutan
4. Hong Kong 100 Sri Lanka
5. South Korea 110 Nepal

Note: India’s ranking for 2018 was 100.

Women’s World Twenty 20 2018:

Held from 09 to 24 November 2018

Host: West Indies

Winners: Australia, Runners-up: England

Player of the series and most runs: Alyssa Healy (Australia)

India lost to England in the semi-finals. The captain of Indian team was Harmanpreet Kaur.

  • The airport in Odisha which has been renamed Veer Surendra Sai Airport, as approved by the Union Cabinet: Jharsuguda
  • India’s first asymmetrical cable-stayed bridge (over river Yamuna) and with pylon height of 165 meters inaugurated by CM of Delhi, Shri Arvind Kejriwal is named: Signature Bridge
  • The 25th edition of Singapore-India Maritime Bilateral Exercise scheduled from 10th to 21st November 2018 off Andaman Sea and Bay of Bengal: SIMBEX-2018
  • The international organisation which has stripped Myanmar’s Aung San Suu Kyi of its 2009 Ambassador of Conscience Award for not speaking about violence against Rohingya Muslim community: Amnesty International
  • The well-known theatre personality and ad film maker who passed away on 17 November 2018: Alyque Padamsee
  • The Norwegian Chess player who has won the FIDE World Chess Championship 2018 by defeating Fabiana Caruana (USA) in London, England: Magnus Carlsen
  • ‘Train 18′- India’s 1st Engineless Train
    India’s first engine-less train, “Train 18”, developed by the Integral Coach Factory (ICF) and seen as a successor to the prestigious Shatabdi Express, was unveiled by Railway Board Chairman Ashwani Lohani.
    The Rs. 100-crore train is the first long-distance train, without a separate locomotive (engine).
  • PM Modi Unveils World’s Tallest Statue measuring 600 feet In Gujarat
    PM Narendra Modi inaugurated Sardar Vallabhbhai Patel’s memorial on the leader’s 143rd birth anniversary in Gujarat’s Narmada district.
    Called the Statue of Unity, the bronze sculpture is the world’s tallest statue measuring 600 feet (182m) and overshadows China’s Spring Temple Buddha (153m) and USA’s Statue of Liberty (93m). The memorial was constructed in 33 months at Rs2, 989 crore.
  • IBM Acquired Red Hat for $34 Billion In Its Biggest Purchase
    America’s IBM has acquired software company Red Hat in a $34 billion cash and debt deal, marking its biggest ever acquisition till date. Founded 25 years ago, Red Hat was valued at about $20.5 billion at the end of trading.
  • World’s Largest Airport ‘Under One Roof’ Opened In Istanbul
    The world’s largest airport terminal “under one roof” with a capacity to serve 90 million passengers has been officially opened on October 29 in Istanbul, which marks the Republic Day of Turkey.
    Overall, the first phase has cost 7.5 billion Euro.  The airport has been envisioned to have a total capacity of up to 200 million passengers, once all four phases are completed in the next 10 years.
  • Mary Kom Named Brand Ambassador of 2018 Women’s World Boxing Championships
    Olympic bronze medalist and five-time World Champion, MC Mary Kom has been named as the brand ambassador of the 10th edition of the Women’s World Championship in New Delhi.
  • INS Viraat to Become a Floating Museum
    The Maharashtra Cabinet has approved the conversion of decommissioned carrier INS Viraat into a floating museum. As per primary estimates, the project worth 852 crore rupees will be implemented through public-private-partnership (PPP).
  • RBI Clears Re-Appointment of Aditya Puri as HDFC Bank CEO
    HDFC Bank had announced that the RBI had approved the re-appointment of Aditya Puri as MD and CEO of the bank for another two years. Aditya Puri will now serve the office from November 1, 2018 to October 26, 2020.
  • The first joint military exercise named “Dharma Guardian” between India and Japan has begun at Indian Army’s Counter-Insurgency Warfare School at Vairengte (Mizoram).
  • Former India captain Rahul Dravid was officially inducted into International Cricket Council’s (ICC) Hall of Fame.
    Dravid has scored 23, 208 international runs for India across formats, including 48 hundreds and 146 fifties.
    ICC Cricket Hall of Fame: It recognises achievements of the legends of the game from its long and illustrious history.
  • India re-elected as member of ITU council till 2022
    India has been elected as a member of the ITU (International Telecommunications Union) Council for another four-year term i.e. from 2019 to 2022.
    HQ of ITU: Geneva, Switzerland
  • IFFI to commence in Goa from November 20
    The 49th International Film Festival of India, IFFI 2018 will be held in Goa from 20th to 28th of November. The festival will showcase 212 films from over 68 countries which reflect the diversity of taste. International Competition section has 15 films out of which three are Indian.
  • Simone Biles Sets World Record, wins 13th World Championship Gold
    Simone Biles made history by picking up her record 13th career gold medal at the world gymnastics championships in Doha, Qatar. Simone Biles became the first ever gymnast to win 13 world championship gold medals. She hails from the USA.
  • Lucknow Stadium Renamed after Atal Bihari Vajpayee
    The newly-built Ekana International Stadium of Lucknow was renamed after former Prime Minister Atal Bihari Vajpayee. The stadium will now be known as ‘Bharat Ratna Atal Bihari Vajpayee International Cricket Stadium’.
  • The stadium was renamed just ahead of the first-ever international cricket match – the T20 International between India and West Indies. The city hosted its first international match at the stadium when India played against West Indies in the second T20 International match.
  • The Supreme Court lifted the centuries-old ban on entry of women aged between 10 and 50 years in Kerala’s Sabarimala Temple, thereby allowing women of all ages to enter the 800-year-old temple. Kerala government supported the entry while the temple board opposed it.
  • India, World’s 6th Largest Economy at $2.6 trillion: IMF
    India’s Gross Domestic Product (GDP), the worth of the economy, clocked in at $2.6 trillion for 2017, according to the database of the International Monetary Fund’s World Economic Outlook (WEO) for April 2018.
    India is now the world’s sixth largest economy, displacing France. The Top 5 economies of the world are: United States, China, Japan, Germany, and United Kingdom.
  • Pradhan Mantri Ujjwala Yojana Launched in Delhi
    Union Minister Dharmendra Pradhan launched Pradhan Mantri Ujjwala Yojana (PMUY) scheme in Delhi and distributed new LPG connections and cylinders to beneficiaries.
    Remember these points
    1. PMUY was launched in May 2016.
    2. Objective of this scheme is to provide deposit-free LPG connections with monetary assistance to women from below poverty line (BPL) households.
    3. Target under this scheme has been increased from the existing 5 crore connections to 8 crore connections by 2020
  • NYSE Names 1st Woman Chief in Exchange’s 226-year History
    The New York Stock Exchange (NYSE) has promoted Stacey Cunningham to President, making her the first sole woman head of the 226-year-old exchange.
  • Venezuela’s President Maduro wins re-election
    Venezuela’s President Nicolas Maduro was re-elected for a second six-year term in presidential elections, according to the National Electoral Council (CNE).
  • Government appoints Subhash Chandra Khuntia as new chairman of IRDAI. IRDAI is an apex statutory body that regulates and promotes the insurance industry in India
  • Polish author Olga Tokarczuk awarded Man Booker International Prize 2018.
    It makes her the first writer from Poland to win this prestigious English- language literary award. She won prize with English translation of her novel Flights, which charts multiple journeys in time, space and human anatomy.
  • Walmart Buys Flipkart in World’s Largest e-Commerce Deal
    US-based retail giant Walmart has confirmed that it will buy 77% stake in India’s largest e-commerce startup Flipkart for $16 billion. Walmart bought the stake in Flipkart for 16 billion dollars
  • Bharti Airtel completes acquisition of Telenor India
  • The government has approved the merger of the local unit of Norway’s Telenor with Bharti Airtel, clearing the last hurdle for the deal to go through. The Department of Telecom (DoT) had transferred all licences and liabilities of Telenor India to Bharti Airtel
  • Yahoo has launched its own new group chat app named Squirrel.

Squirrel Group Chat App is still in testing. It is available on Google Play and the App Store. If you need to start using the app, you need a friend who already uses the app to invite you into a group. Squirrel focuses on group chats. It has features that enable a user to organise conversations with several people.

  • Tata Steel to Acquire Bhushan Steel through its Step-Down Subsidiary Bamnipal Steel

Tata Steel, whose bid for debt-ridden Bhushan Steel was approved by NCLT (National Company Law Tribunal), would implement the resolution plan through its step-down subsidiary Bamnipal Steel Ltd. Bamnipal Steel would invest in the debt-ridden company and acquire control on the closing date.

  • Patanjali Launches New Messaging App ‘Kimbho’

Yoga guru Baba Ramdev’s Patanjali launched a new swadeshi messaging application called ‘Kimbho’ to compete with WhatsApp. Kimbho caters to private and group chats with free phone and video calling.

The tagline of Kimbho is “Ab Bharat Bolega”. Patanjali has recently tied up with Bharat Sanchar Nigam Ltd (BSNL) to enter the telecom sector by launching Swadeshi Samriddhi SIM cards.

  • Tata Consultancy Services (TCS), the country’s most valued and largest IT outsourcing company created history by becoming the first Indian company to reach Rs. 7 lakh crore market capitalisation (m-cap) milestone. M-cap is value of company that is traded on stock market, calculated by multiplying total number of shares by present share price.
  • The railway station in Assam which has become the first in the country to run on solar power: Guwahati
  • The State in which the Prime Minister Shri Narendra Modi has laid the foundation stone for NTPC’s Patratu Super Thermal Power Project: Jharkhand
  • UNEP recognises Cochin International Airport as world’s first fully solar energy-powered airport

The United Nations Environment Programme (UNEP) has recognised Cochin International Airport Ltd (CIAL) in Kerala as the world’s first fully solar energy-powered airport. CIAL is India’s first airport to be constructed in public-private-partnership (PPP) model in 1999.

  • PM Modi Laid Foundation Stone of India’s Longest Road Tunnel in J&K

Prime Minister Narendra Modi is on a day-long visit to Jammu and Kashmir. During his visit, Prime Minister laid down the foundation stone of ‘Zojila Tunnel’ on the Srinagar-Leh National Highway in Leh. The 14.2-kilometre long Zojila tunnel will be India’s longest road tunnel and Asia’s longest bidirectional tunnel.

  • ASEAN India Film Festival was held in New Delhi from May 25 to 30, 2018.

The film festival provided platform for people from film industries of respective member countries to explore areas of cooperation in domain of cinema and cultural cooperation

  • Colombia joins NATO as global partner

Colombia has formally joined North Atlantic Treaty Organization as global partner. It makes it first Latin American to join NATO. The announcement came after Organization for Economic Cooperation and Development (OECD) approved Colombia as a new member

  • No Nobel Prize in Literature This Year

The Swedish Academy has decided to postpone the 2018 Nobel Prize in Literature, with the intention of awarding it in 2019. The decision has been taken in the wake of a sexual and financial scandal that has engulfed the Swedish Academy, the cultural institution responsible for awarding the prestigious prize.

According to the Swedish Foundations Act, the Nobel Foundation is ultimately responsible for fulfilling the intentions in the will of Alfred Nobel. For the first time since 1949, the secretive jury will not unveil a winner this autumn.Kazuo Ishiguro was the winner of Nobel Prize 2017.

  • WhatsApp CEO Jan Koum Quits Facebook

WhatsApp Co-founder and CEO Jan Koum has announced his resignation from the parent company Facebook. This comes shortly after a report claimed Koum would leave due to disagreements over data privacy and weakening encryption.

Koum will also step down from Facebook’s Board of Directors, a position he took up when WhatsApp was bought for $19 billion by Facebook in 2014.

  • SpaceX Launches its Most Powerful Falcon 9 Rocket

The California-based aerospace company, SpaceX has blasted off its most powerful Falcon 9 rocket, which is certified to carry humans to space later this year.

  • Nepal, 1st Country in South-East Asia to Eliminate Trachoma: WHO

The World Health Organization (WHO) declared Nepal as free from Trachoma, the world’s leading infectious cause of blindness.

With this, Nepal becomes the first country in WHO’s South-East Asia Region to eliminate Trachoma. Trachoma was the second leading cause of preventable blindness in Nepal in the 1980s.

  • Paul Polman, CEO of Unilever, to succeed Sunil Bharti Mittal as Chairman of International Chamber of Commerce (ICC).
  • Indian-American Dhivya Suryadevara to Become CFO of General Motors.
    An Indian-American woman, Dhivya Suryadevara has been named the Chief Finance Officer of the US’ largest automaker, General Motors.

She will report to Chief Executive Officer (CEO) Mary Barra, 56, who has been head of the automaker since 2014.

  • Kailash Satyarthi and Former ISRO Chief Gets ‘Santokbaa Humanitarian’ Award

President Ram Nath Kovind presented the ‘Santokbaa Humanitarian Award’ to Child rights activist and Noble Laureate Kailash Satyarthi and space scientist A S Kiran Kumar, Former Chairman of Indian Space Research Organisation (ISRO) in Surat, Gujarat

  • The countries which have won the bid to hold 2026 FIFA World Cup jointly: US, Canada & Mexico
  • President Ram Nath Kovind has given his assent to an ordinance to set up the country’s first national sports university in Manipur.
  • Mumbai’s Victorian Gothic and Art Deco Ensembles have been inscribed as a UNESCO World Heritage Site. This was announced at the UNESCO world heritage committee meeting in Bahrain.

The Heritage enclave is situated in South Mumbai’s historic core and comprises an urban ensemble straddling two heritage precincts of the Fort Precinct and Marine Drive Precinct.

  • US Pips India as Top Greenfield FDI Investment Destination: Report

The U.S. has surpassed India to become the top destination for Greenfield foreign direct investment in 2017, according to the FDI Report 2018, compiled by FDI Intelligence, a division of The Financial Times Ltd. The number of Greenfield FDI projects in India during the year fell sharply by 21% to 637.

India had maintained the top slot in Greenfield FDI investment in 2015 and 2016. However, in 2017, the U.S. reclaimed the spot from India, recording $87.4 billion of announced FDI. In the Asia and Pacific region, China was on top in terms of FDI in the total number of new projects and capital investment, followed by India

  • 44th G7 summit was held in Canada

The 44th G7 summit was held on June 8–9, 2018, in Quebec, Canada. This was the sixth time since 1981 that Canada has hosted the meetings. The 44th G7 summit was the first summit for Italian Prime Minister Giuseppe Conte.

Canadian Prime Minister Justin Trudeau has hosted this summit. The 45th G7 summit or next G7 summit will be held in 2019 in France.

  • World’s Most Experienced Spacewoman Peggy Whitson Retires as Astronaut

NASA’s record-breaking astronaut, Peggy Whitson, retired after a 22-year-long career. Whitson, who joined NASA as a researcher in 1986, has spent more time off Earth than any other American, totalling 665 days over three International Space Station missions.

The 58-year-old is the oldest woman to go into space and also the most experienced female spacewalker, with 10 missions.

  • Mongolia broke ground for the construction of country’s first oil refinery with the help of a USD 1 billion loan from India. Home Minister Rajnath Singh attended the groundbreaking ceremony for the construction of the refinery at ‘Stantsiin Hooloi’ and described it as an important milestone in the bilateral ties.

Mongolia Capital- Ulaanbaatar, Currency- Mongolian togrog.

  • The world’s largest multilateral naval exercise involving 26 countries including India being conducted in the western Pacific Ocean is named: RIMPAC
  • Government Approves Hike in Minimum Support Price for Kharif Crops

The government has decided to sharply increase the Minimum Support Price (MSP) for Kharif crops, as it responds to concerns about distress in the country’s farm economy despite two years of strong monsoons.

The MSP for common variety paddy, the most important Kharif crop, will be raised by Rs 200 over last year’s Rs 1,550 per quintal. That works out a 13%t increase for the financial year ended March 2019 compared to a 5.4% increase in FY18.

  • The Union Government has reduced minimum yearly deposit required under popular girl child savings scheme, Sukanya Samriddhi Yojana to Rs 250 from Rs 1,000 earlier. This has been lowered to enable more people to enjoy benefits of this scheme. In this regard, Government has amended Sukanya Samriddhi Account Rules, 2016.

Sukanya Samriddhi Yojana: It was launched as a small savings scheme under Beti Bacho Beti Padho (BBBP) in January 2015

  • RBI Licences Bank of China to Operate in India
    The Reserve Bank of India licensed Bank of China to operate in India. This decision comes as part of the commitment made by PM Modi to the Chinese leadership. Bank of China will now have operating offices in India. This will be the second Chinese bank to be operating in the country.

As on 1 January, 2018 Industrial & Commercial Bank of China Ltd was operating in India along with 45 other foreign banks. The United Kingdom’s Standard Chartered has the highest, 100 branches in India as of now. Bank of China (BOC) headquarters in Beijing. BOC was formally established in February 1912. Chen Siqing is the Chairman of BOC.

  • Global Innovation Index: Switzerland Tops, India Ranks 57th

The Global Innovation Index (GII) has ranked India as the 57th most innovative nation in the world. The country has improved its ranking from 60th position in 2017. India has been improving steadily since it was ranked 81st in 2015.

  • Andhra Pradesh Tops Ease of Doing Business Rankings

For the second year in a row, Andhra Pradesh has been ranked as the easiest Indian state to do business in, according to a survey. The Chandrababu Naidu-led state took the pole position in the rankings for Ease of Doing Business that was released by the Department of Industrial Policy and Promotion and Ministry of Commerce and Industry in Delhi.

Telangana came second followed by Haryana, Jharkhand and Gujarat. The north-eastern state of Meghalaya was ranked lowest at 36th.

  • India becomes 69th Shareholder of European Bank for Reconstruction & Development

India has become the 69th shareholder of the European Bank for Reconstruction and Development (EBRD). This move paved the way for more joint investment with Indian companies across the bank’s regions of operation.

The Board of Governors voted unanimously in favour of the country’s application. The EBRD aims to promote the private and entrepreneurial initiative in emerging Europe and invests in 38 emerging economies.

European Bank for Reconstruction and Development is a multilateral development bank set up in 1991 after the fall of the Berlin Wall. Suma Chakrabarti is the President of EBRD.  It headquarters in London, UK.

  • Asia’s 1st Patent Arbitration Centre to Open in Tokyo
    Asia’s first arbitration centre specialised in intellectual property is slated to open in Tokyo in September 2018 to resolve the growing number of disputes in the region.

The International Arbitration Centre in Tokyo (IACT) is set to have around a dozen arbitrators from around the world, who would try to resolve disputes within a period of one year.

  • Nigeria Replaces India to Become World’s Largest Poor Population: Brookings Report

With the persistent decline in poverty, India is no longer a nation having the largest number of poor people in the world, according to a study published by the US-based think tank, Brookings.

According to the study, Nigeria has already overtaken India as the country with the largest number of extreme poor in early 2018, and the Democratic Republic of the Congo could soon take over the number 2 spot.

  • 10th BRICS Summit 2018 held In Johannesburg

The 10th edition of BRICS Summit began in Johannesburg, South Africa. It is a 3-day long summit and will be attended by all the BRICS leaders.

The theme for this summit is ‘BRICS in Africa: Collaboration for inclusive growth and shared prosperity in the 4th Industrial Revolution’. Modi is likely to meet Chinese President Xi Jinping on the sidelines of the summit.

  • 4th BIMSTEC Summit held In Kathmandu

The 4th BIMSTEC Summit will be held in Kathmandu, Nepal. The announcement in this regard was made by Nepal’s Minister for Foreign Affairs Pradeep Kumar Gyawali.

The main focus of the summit will be to increase connectivity between the BIMSTEC nations including roads, airways and transmission lines.

  • Two plus Two Dialogue between India and US held In New Delhi

US State Department has announced that the inaugural ‘two-plus-two dialogue’ between India and the United States held in New Delhi in September 2018. Recently, the US had postponed the dialogue due to ‘unavoidable reasons’.

Secretary of State Mike Pompeo and Defence Secretary James Mattis will travel to India for the dialogue with External Affairs Minister Sushma Swaraj and Defence Minister Nirmala Sitharaman.

  • The UN members have unanimously elected Iceland to take a seat on the world body’s 47-member Human Rights Council.

US had left the UNHRC in June, 2018 calling it a cesspool of political bias for its criticism of Israeli regime’s crimes against Palestinians.

 

  • Rahul Dravid, 5th Indian to Be Inducted Into ICC Hall of Fame

Former captains – Rahul Dravid of India, Ricky Ponting of Australia and retired England Women wicketkeeper-batter Claire Taylor were inducted into the ICC Cricket Hall of Fame 2018 during a glittering ceremony in Dublin, Ireland.

  • Artist Anjolie Ela Menon Conferred Kalidas Award

Noted artist Anjolie Ela Menon had received the National Kalidas Samman in Delhi for visual arts from the Madhya Pradesh government.

With her first solo exhibition being held in Delhi in 1958, Menon is counted among India’s most accomplished artists and is the recipient of numerous national and international awards including the Padma Shri.

  • Indian recipients of Ramon Magsaysay Award 2018

Dr. Bharat Vatwani: Psychiatrist and founder of Shraddha Rehabilitation Foundation in 1989. He works to unite mentally ill street people with their families. He has united 2000 people with their families so far.

Sonam Wangchuk: Ladakhi engineer, innovator and education reformist. Founder of Students Educational and Cultural Movement of Ladakh (SECMOL). He invented the Ice Stupa technique that creates artificial glaciers used for storing winter water in form of conical shaped ice heap.

  • The renowned vocalist who has been chosen for the 2018 Sangita Kalanidhi Award by the Music Academy, Madras: Aruna Sairam
  • ‘The English Patient’ By Michael Ondaatje Declared ‘Best Booker Prize Winner in 50 Years’

Michael Ondaatje’s bestselling novel ‘The English Patient’ was announced as the winner of the Golden Man Booker Prize at the Southbank Centre in London.

The prize was instituted as part of celebrations to mark the Booker’s having completed 50 years.

  • National Sports Day: 29 August

The National Sports Day is celebrated on 29th August every year to mark the birthday of legendary hockey player Dhyan Chand.

  • Chile’s Michelle Bachelet to be the next UN Human Rights Chief

The United Nations announced that UN Secretary-General Antonio Guterres has chosen former Chilean President Michelle Bachelet to be the UN’s new human rights chief. Bachelet would be succeeding Jordanian diplomat Zeid Ra’ad al-Hussein.

Bachelet’s name will now go forward for consideration and approval by the 193-member UN General Assembly.

  • Balesh Sharma Appointed Vodafone Idea’s 1st CEO

Balesh Sharma takes over as Vodafone Idea’s first CEO. He was the Chief Operating Officer of Vodafone India and a member of its executive committee.

  • Treasurer Scott Morrison Elected New Prime Minister of Australia

Treasurer Scott Morrison has been elected the new Prime Minister of Australia after winning an internal vote of 45-40 against former Home Affairs Minister Peter Dutton. Morrison will take over the charge as PM from Malcolm Turnbull.

  • Fortune 500 List of World’s Largest Companies Released

Seven Indian companies have been listed in Fortune’s 500 list 2018 of world biggest corporations. Indian Oil Corporation (IOC) is the highest ranked company from India followed by RIL. The US-based retail company, Walmart has topped the list.

IOC ranked 137th in 2018 with a significant jump from 168th position from 2017. RIL is the top private sector company in India. It ranked 148th in 2018 from 203rd from 2017. ONGC ranked 197th in 2018 which not even featured in 2017. SBI got 216th rank 1 place higher than 217th in 2017.

  • India’s GDP Growth to Rise to 7.5% this Fiscal: Morgan Stanley
  • PepsiCo’s Indra Nooyi stepped down as CEO

PepsiCo CEO Indra Nooyi stepped down in October after serving for 12 years as the top boss at the global beverage giant, PepsiCo. Indian-origin Indra Nooyi was the first ever woman to be appointed the CEO at PepsiCo, in the year 2006.

She is succeeded by company President Ramon Laguarta, who has held the post since 2017. She will remain chairman till 2019.

  • PNB Gets Top Rank in Digital Transaction

Punjab National Bank (PNB) has announced that the Department of Financial Services report has rated it as number one state-owned bank in terms of digital transactions. The bank is also rated as the sixth overall amongst all banks in India for digital performance. The bank is rated as ‘Good’ by the government with a score of 71 which is the highest category of performance.

  • Smitha V. Crishna Tops List of India’s Wealthiest Women

Smitha V. Crishna, a third-generation heir of the Godrej family, ranks first in the Kotak Wealth Hurun-Leading Wealthy Women 2018 list with an estimated wealth of Rs37,570 crore. Ms. Smitha owns one-fifth of the Godrej Group.

Roshni Nadar, CEO and executive director at HCL, ranks second in the list with an estimated wealth of Rs30,200 crore. She also heads the Shiv Nadar Foundation.

The chairperson of the Times Group, Indu Jain, ranks third in the list. Her wealth is estimated at Rs26,240 crore.

  • Ambani’s Reliance Jio tops Fortune’s ‘Change the World’ list

Mukesh Ambani-led telecom company Reliance Jio secured the top spot in Fortune’s global ‘Change the World’ list released on August 20. American Pharma company Merck ranked second while Bank of America ranked third on the list. Chinese group Alibaba is ranked 5th on the list.

  • Japan pips China to Become World’s 2nd Largest Stock Market

Japan has pipped China as the world’s number two stock market, according to a Bloomberg report. At one of the time, the Chinese market was worth $6.09 trillion next to Japan’s $6.17 trillion. Both markets are ranked after the US which is the world’s largest at just over $31 trillion. China lost to Japan after Chinese stocks and currency fell this year amid a trade spat with the US.

  • G20 Digital Economy Ministerial Meeting Held in Argentina

The theme of the meeting was ‘Building consensus for fair and sustainable development’.

Its three key issues for the agenda were future of work, infrastructure for development, and sustainable food future.

The G20 comprises of total 19 countries plus European Union (EU), representing 85% of global GDP, 80% of international trade, 65% of the world’s population.

  • Forbes Released List of Highest Paid Female Athletes: Serena Williams Tops, PV Sindhu Ranks 7th
  • M. Karunanidhi passed away: Served as Chief Minister of Tamil Nadu for 5 times.

Popularly referred to as Kalaignar meaning artist in Tamil.

He worked as a screenwriter for films, his first film being Rajakumaari. His Party Name: Dravida Munnetra Kazhagam (DMK)

  • Kofi Annan’s demise– 7th UN Secretary General from 1997 to 2006 Nationality: Ghana, Awarded Nobel Peace Prize in 2001 along with UNO.
  • Atal Bihari Vajpayee passed away.
  • Prime Minister of India from: 16.05.96 to 01.06.96; 19.03.98 to 10.10.99; 10.10.99 to 22.05.2004
  • Minister of External Affairs: 26.03.1977 to 28.07.1979
  • Birth Place: Gwalior
  • AWARDS: Bharat Ratna: 2015; Padma Vibhushan: 1992; Outstanding Parliamentarian Award: 1994; Bangladesh Liberation War Honour: 2015
  • Events during his tenure as the PM of India: 2nd Nuclear Test named Smiling Buddha carried out by India at Pokhran in May 1998
  • Ajit Wadekar passed away -First Captain of India’s ODI Cricket team
  • Somnath Chatterjee’s demise- Speaker of the Lok Sabha from: 2004 to 2009
  • VS Naipaul’s demise

o        Born in Trinidad and Tobago

o        Nationality: British

o        Booker Prize: 1971 for “In a Free State”

o        Nobel Prize: 2001

o        Notable works: A House for Mr Biswas; A Flag on the Island; In a Free State; A Bend in the River; An Area of Darkness; India: A Wounded Civilization India: A Million Mutinies Now

  • GDP Growth Soars to 8.2% in 1st Quarter of Current Fiscal

Indian economy grew by 8.2% in the first quarter (April-June) of the current fiscal, the highest in over two years.

Explanation:-

o  A financial year starts from 1st April and ends on 31st March.

o  There are 4 quarters in a financial year. 1st quarter is April-June.

o  GDP (Gross Domestic Product) is a monetary measure of the market value of all the final goods and services produced in a period of time.

  • Alastair Cook Announces International Retirement

England’s highest Test run-scorer Alastair Cook announced his retirement from International cricket after final Test against India. He has scored 12,254 runs and made 32 centuries in 160 Tests all England records.

  • Arif Alvi Elected Pakistan’s New President

Pakistan Tehreek-e-Insaf (PTI) candidate Arif-ur-Rehman Alvi was elected as the 13th President of Pakistan.

  • National teacher’s day: 5th September

The birth date of the second President of India, Dr. Sarvepalli Radhakrishnan, 5 September 1888, has been celebrated as Teacher’s Day since 1962.

  • Indian Boxer Mary Kom Signed as Brand Ambassador by BSNL

State-run telecom firm Bharat Sanchar Nigam Ltd (BSNL) roped in Indian boxer MC Mary Kom as its brand ambassador for two years. BSNL will run television commercials, print advertisements and tariff plan endorsement with Kom.

  • India-US 2+2 Dialogue: India-US Sign COMCASA

India and US have signed the Communications Compatibility and Security Agreement (COMCASA) that will facilitate India to obtain critical defence technologies from the US, and access critical communication network to ensure interoperability among the US and the Indian armed forces.

After the 2+2 dialogue, External Affairs Minister Sushma Swaraj, Defence Minister Nirmala Sitharaman, US Secretary of State Mike Pompeo and US Defence Secretary James Mattis stated that the two countries are committed to work towards strengthening Indo-US relationship.

  • Homosexuality Not a Crime in India Anymore: SC Abolishes Section 377

The Supreme Court abolished Section 377 of the Indian Penal Code (IPC), the 1862 law which criminalised homosexuality

  • Luka Modric Wins ‘UEFA Men’s Player of the Year Award’

Real Madrid midfielder Luka Modric has been named UEFA Men’s Player of the Year for 2017/18. Modric beat off competition from former Madrid team-mate Cristiano Ronaldo and Liverpool forward Mohamed Salah, who joined him on the three-man shortlist announced on 20 August.

  • Pradhan Mantri Jan Arogya Yojana is launched
  • Indu Bhushan appointed as a Chief Executive Officer (CEO).
  • Beneficiaries will receive Ayushman Bharat Family Health Cards.
  • This centrally sponsored flagship scheme aims to provide an annual health cover of up to Rs. 5 lakh to vulnerable 10 crore families (approximately 50 crore persons – 40% of country’s population) based on Socio Economic and Caste Census database.
  • 1.5 lakh health and wellness centres will be opened across India by 2022 under the scheme. The centres will provide comprehensive health care for diseases like diabetes, cancer, hypertension and cardiovascular diseases.
  • Ayushman Bharat consists of two major elements.1. National Health Protection Scheme. 2. Wellness centres. National Health Protection Scheme will provide cashless treatment to patients. And wellness centres will provide primary care to the patients.
  • Justice Ranjan Gogoi Appointed the Chief Justice of India

The President of India has appointed Justice Ranjan Gogoi as the next Chief Justice of India. He will assume the office of Chief Justice on 3rd October, 2018 after the retirement of the current Chief Justice, Justice Dipak Misra.

Justice Harilal J. Kania was the first Chief Justice of Independent India.

  • The Global Climate Action Summit 2018 was held at San Francisco, California, United States. Over 4000 businesses, cities, states and civil society delegates attended the summit and showed their commitments to achieve the goals set by the Paris Agreement.
  • G-20 Trade and Investment Ministerial Meeting Held in Argentina

Commerce and Industry Minister Suresh Prabhu participated in G-20 trade and investment ministerial meeting at Mar del Plata in Argentina. Issues including increasing protectionism challenges to promote global commerce and the new industrial revolution were discussed at the meeting.

  • Human Development Index 2017: India ranks 130th in HDI 2017 published by United Nations Development Programme.

India climbed one spot to 130 out of 189 countries in the latest human development rankings released by the United Nations Development Programme (UNDP). India’s HDI value for 2017 is 0.640, which put the country in the medium human development category.

  • Time Magazine acquired by Salesforce Founders for $190 million
  • Government announced Mergers of Bank of Baroda, Dena Bank and Vijaya Bank.
  • Infosys Acquires Finnish Company ‘Fluido’ For Rs 545 crore

Infosys has acquired Finnish company Fluido, a top consulting partner of Salesforce, for 65 million euros (about Rs 545 crore). This is Infosys’s second acquisition under CEO Salil Parekh.

Recently, it had acquired US digital creative and consumer insight agency WongDoody for $75 million. The Fluido acquisition will make Infosys the largest Salesforce consulting partner in the Nordics.

  • Emmy Awards 2018

Emmy awards are US Television awards.

Best Comedy: The Marvelous Mrs. Maisel

Best Drama: Game of Thrones

  • India Ranks 3rd On Family-Owned Business List: CSRI Report

India ranks third globally in terms of number of family-owned businesses with 111 companies having a total market capitalisation of $839 billion. India closely follows China with 159 firms and the US with 121 firms, according to the ‘Credit Suisse Family 1000 in 2018’ study, published by the Credit Suisse Research Institute (CSRI).

  • PM Modi Inaugurated Sikkim’s First Airport in Pakyong

Prime Minister Narendra Modi inaugurated the Pakyong Airport in Sikkim on September 24, nine years after the foundation stone was laid. The airport is the hilly state’s first and only airport. Currently, the nearest airport for the people of Sikkim is 124 kilometre (km) away in Bagdogra, West Bengal.

  • Croatia’s Luka Modric Won FIFA’s Best Player of the Year Award

Luka Modric broke a decade of award dominance by Cristiano Ronaldo and Lionel Messi after being crowned world footballer of the year by FIFA.

  • FDI in Telecom Sector Jumped Five Times in Three Years

FDI in the telecom sector has jumped nearly five times in the last three years – from USD 1.3 Billion in 2015-16 to USD 6.2 Billion in 2017-18.

  • Argentina Gets Biggest Loan in IMF’s History At $57 billion

Argentina has received $57.1 billion from the International Monetary Fund (IMF), the biggest loan package ever from the global body aimed at boosting the country’s struggling economy.

  • Tesla names Robyn Denholm as chair to replace Elon Musk.
    Tesla has named an Australian executive as its new chairman after Elon Musk was forced to give up the role. Robyn Denholm, the finance chief of Australian telecoms firm Telstra, takes over from the electric car maker’s founder, who remains chief executive.
  • India’s first indigenous nuclear-powered ballistic missile submarine, INS Arihant, has successfully completed its first deterrence patrol.
    The fully operational submarine completes the sea leg of India’s nuclear triad, giving it enduring nuclear strike and counter strike capabilities. The United States, Russia, the United Kingdom, France and China are the only countries that can deliver nuclear warheads from a submarine.
  • Stan Lee, Co-Creator of Spider-Man, Iron Man, Passes Away
    American comic-book writer and Marvel Comics co-creator Stan Lee passed away aged 95. Born as Stanley Martin Lieber in Manhattan, he is credited with co-creating several fictional characters including Spider-Man, the Hulk, Doctor Strange, the X-Men, Iron Man, and Thor.
  • UNICEF Appoints Athlete Hima Das as India’s 1st Ever Youth Ambassador
    The United Nations Children’s Fund-India (UNICEF) has appointed Asian Games gold-medalist sprinter Hima Das as India’s first ever Youth Ambassador.
    Recently, Hima clinched a Gold medal in Women’s 4×400 metre relay event at the 2018 Asian Games at Jakarta, Indonesian. She also won Silver in the Women’s 400m Race event with a clock timing of 50.59 seconds.
    UNICEF headquarters in New York, the USA.
    Hima Das, nicknamed the ‘Dhing Express’, is an Indian sprint runner from the state of Assam.
  • Cyclone ‘Gaja’ hits Andhra Pradesh and Tamil Nadu
    The cyclonic storm ‘Gaja’ over the Bay of Bengal lay at about 470 km southeast from Chennai and is set to make landfall between Cuddalore and Pamban bringing heavy rainfall to Tamil Nadu. It will also cover some parts of Pondicherry. Earlier it has hit the South Coastal part of Andhra Pradesh.
  • Women’s World Boxing Championships begins in Delhi
    The Women’s World Boxing Championships begins in Delhi. This tenth edition of the tournament is set to be the biggest ever as more than 300 boxers from 72 countries are taking part.

 

  • Adobe CEO Shantanu Narayen in Fortune Business Person of the Year list
    Indian-American Shantanu Narayen, the Chief Executive Officer (CEO) of Adobe, has been named by Fortune in its 2018 Business Person of the Year list. The list ranks 20 business executives “delivering on the bottom line and beyond”.
  • Azim Premji Conferred Forbes India Leadership Awards 2018
    Azim Premji, chairman of Wipro, has won Forbes India Leadership Awards 2018, Lifetime Achievement.
    Wipro is India’s fourth-biggest software services company by revenue and Ajim Premji is the second richest Indian.
    The Forbes India Leadership Awards, India’s most prestigious honour for the top executives, was held in Mumbai.
  • Mary Kom Wins Sixth World Championship Title, Creates History
    MC Mary Kom has created history by becoming the first woman to win six boxing world titles by clinching the 48 kg gold at the 2018 AIBA Women’s World Boxing Championships in New Delhi. The 35-year-old Indian legend got the better of Ukrainian Hanna Okhota in the summit clash.
  • Sunil Arora Appointed New Chief Election Commissioner of India
    Sunil Arora has been appointed as the new Chief Election Commissioner of India. He succeeds Om Prakash Rawat
  • Hockey World Cup 2018 Inaugurated In Odisha

Odisha is hosting the Hockey World Cup 2018. The opening ceremony of Men’s Hockey World Cup took place at Kalinga Stadium, Bhubaneswar. The opening ceremony, which was almost a three-hour long, conveyed a powerful message of “oneness of humanity”.

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