Tuesday, 16 April 2013

DAILY GK UPDATE 16TH APRIL

1.    The New York Times wins 4 Pulitzers Prizes
i. The New York Times won four Pulitzer Prizes, including the award for investigative reporting for stories that detailed how Wal-Mart used bribery to expand in Mexico.
ii. The Sun Sentinel in Fort Lauderdale, Florida, was awarded the public service Pulitzer for its reporting on off-duty police officers' reckless driving.
iii. The Pulitzer in breaking news photography went to The Associated Press for its coverage of the civil war in Syria.
iv. The Pulitzers, journalism's highest honor, are given out each year by Columbia University on the recommendation of a board of journalists and others.
v. Each award carries a $10,000 prize except for the public service award, which is a gold medal.
vi. The Pulitzer in breaking news reporting went to The Denver Post for its coverage of the shooting at a movie theater last summer in Aurora, Colorado, that left 12 people dead.

2.    Indian-Origin Economist Raj Chetty Won John Bates Clark Medal For 2013
i. Delhi-born Raj Chetty, the professor in the Department of Economy at the Harvard University won John Bates Clark medal for 2013, also called Baby Nobel.
ii. Raj Chetty’s work was also cited by the US President Barack Obama in State of the Union Address. 
iii. John Bates Clark medal is conferred upon the American economist whose age is below 40 years and the one who has made crucial contribution to economic knowledge and thought.
iv. Baby Nobel is one of the most prestigious awards of economy. Infact, it is second only after Nobel Prize in economic science
v. Raj Chetty, 33, is the first Indian-origin person to win this high honour. His areas of work include social insurance, tax policy as well as education policy. 

About the John Bates Clark medal
i. John Bates Clark medal used to be conferred upon the economists biennially from 1947-2009. 
ii. From 2010 onwards, the medal started being given annually. 
iii. Notable winners from the past include Paul Samuelson, Joseph Stiglitz, Paul Krugman and Milton Friedman. All these are also the Nobel laureates.

iv. This award is also known as Baby Nobel because a lot of winners of John Bates Clark medal have also won the Nobel awards.

3.    66th Himachal Day celebrated at Dhalpur Ground, Kullu
i. Himachal Pradesh celebrated 66th Himachal Day on 15 April 2013 with great enthusiasm across the state.
ii. Himachal Pradesh came into existence on 15 April 1948 with the merger of 30 princely states.  
ii. The celebration for the 66th Himachal Day was held at the historic Dhalpur Ground at Kullu.
iii. During the function, the Chief Minister announced many schemes for the state which are under development phase like Mukhyamantri Adarsh Krishi Gaon Yojana, Skill Development Allowance and others. 
iv. Under the scheme Mukhyamantri Adarsh Krishi Gaon Yojana that state is planning to initiate Agricultural Development Plans that will be prepared for one Panchayat in all the 68 assembly constituencies. 
v. In the skill development Allowance, the government would provide 1000 rupees per month to educated unemployed youths and 1500 rupees to persons with disabilities of the state.

4.    Musharraf disqualified from parliamentary polls
i. Courts in Pakistan have disqualified former president Pervez Musharraf for contesting parliamentary elections for suspending the constitution and imposing emergency in 2007 during his rule.
ii. Musharraf wanted to contest the National Assembly elections from four constituencies, including capital Islamabad, but his nomination papers were rejected by the Pakistan Election Commission authorities.
iii. He had filed appeals against rejections of his nomination papers by the local election authorities in three constyituencies of Karachi in Sindh, Kasur in Punjab province, and capital Islamabad, but the Election Tribunals, comprising judges of high courts, rejected these.
iv. A three-member Election Tribunal Tuesday accepted the objections by Musharraf's rivals and disqualified him for contesting the election from Chitral.
NOTE: i. Mushararf, who ruled Pakistan 1999-2008, was disqualified a day after he announced election manifesto of his All Pakistan Muslim League party.
ii. Pakistani Taliban in a video have warned that they will attack Musharraf.

5.    NADA finds boxer Vijender's samples negative
i. Olympic medallist Vijender Singh can heave a sigh of relief after the sports ministry announced Tuesday that the boxer's samples tested negative for drugs.
ii. The boxer was alleged to have consumed recreational drugs with sparring partner Ram Singh.
iii. The Beijing Olympics bronze medallist had submitted his blood and urine samples to the National Anti-Doping Agency (NADA) after being directed by the ministry.
iv. "The Ministry of Youth Affairs and Sports is glad to announce that on the basis of these tests none of the boxers were found to have used any banned substances in the recent past," said the ministry release.

6.    GAIL India Ltd to sell Part of its 4.6 percent stake in China Gas Holdings
i. GAIL India ltd. decided to sell part of its 4.6 percent stake in China Gas Holdings which is Hong Kong-listed city gas distribution firm.
ii. GAIL had made a strategic investment of Rs 137 crore by acquiring 210 million shares of China Gas in 2005. 
iii. The gas utility however plans to keep a small strategic interest in the company that will help it retain its board position in China Gas. GAIL has earned only Rs 16.29 crore as dividend on its investment in China Gas over seven years.
iv. China Gas enjoys exclusive rights to set up gas distribution projects in 42 cities in China. 
v.  China Gas has a 30 years exclusivity period for its city gas operations in 172 Chinese cities cities and it has a network of a 35000 kms long gas pipeline serving 7.8 million households and 49000 factories and business.

9 comments:

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