1. According to Global rating agency Moody's Indian
economy started recovering by the end of 2014 but till now no big
recovery is seen. According to Moody's accommodative monetary policy
will lift the GDP (gross domestic product) to 7.6% in 2015, increasing
to 8% in 2016. However, Moody’s pointed out that India’s true potential
GDP growth lies somewhere near 10%.
2. Singapore has appointed Indian-origin businessman
Karan Singh Thakral as the country's Non-Resident Ambassador to Denmark.
Karan Singh Thakral (81) has served as Singapore's High Commissioner to
Sri Lanka. He is an Executive Director in the Thakral Group of
Companies. Thakral is chairman of the South Asia Business Group and
'Business India' in Singapore as well as chairman of Givo Limited in
India.
 |
| 1st August 2015 Current Affair Updates | Daily GK Download |
3. The Airports Authority of India dethroned Petroleum
Sports Promotion Board (PSPB) to win the youth girls team title in the
45th All India International Table Tennis Championships. In the finals,
the men and women teams of PSPB defeated Railway Sports Promotion Board
and Reserve Bank of India respectively to win the title.
4. Garth Brooks has been named as the highest-paid
country singer in the music industry, according to a new Forbes report.
He has made $90 million over the past year. Toby Keith’s occupied second
place on the list with USD 53 million earnings. Jason Aldean comes in
at number three with an estimated USD 43.5 million.
5. According to a survey released by leading global
management consulting firm AT Kearney, India has fallen four spots to
11th place in attracting Foreign Direct Investment (FDI) during 2014.
According to a latest survey titled Foreign Direct Investment Confidence
Index 2015 commissioned by AT Kearney India attracted $35 billion as
FDI in 2014. India lost its top 10 position for the first time since
2002. The US topped the Index for the third straight year followed by
China.
6. Anuradha Roy is the lone Indian author among 13
international authors long-listed for the 2015 Man Booker Prize as
announced by the Booker Prize Committee. Anuradha Roy was picked for her
third novel “Sleeping on Jupiter”. This book has exposed the
hypocrisies of Indian society. British-Indian Sunjeev Sahota was also
among the 13 long-listed authors for his book “The Year of the
Runaways”.
7. The Union Cabinet approved amendments proposed by
Rajya Sabha Select Committee on Goods and Services Tax (GST)
Constitution Amendment Bill, 2014. According to the recommendations of
Rajya Sabha Select Committee compensation to the states should be made
for 5 years for any revenue loss due to introduction of GST.
8. The Bill & Melinda Gates Foundation has topped
the list of the world's wealthiest private foundations established by
living ultra high net worth (UHNW) individuals, according to a Wealth-X
report. It has total assets of $43.4 billion. Li Ka Shing Foundation,
founded by Hong Kong business magnate Li Ka-Shing, ranked second with
$8.1 billion assets followed by Gordon and Betty Moore Foundation ($6.4
billion) and Bloomberg Philanthropies ($5.4 billion) in the third and
fourth place, respectively.
9. A Chinese firm has set up the world’s first unmanned
factory at Dongguan city where all the processes are operated by
robots. Changying Precision Technology Company, known as the "world
factory", which manufactures cell phone modules has 60 robot arms. This
has reduced China's dependence on manual workers. In the plant, all the
processes are operated by computer- controlled robots, computer
numerical control machining equipment, unmanned transport trucks and
automated warehouse equipment.
10. India had 2.6 million cases of Tuberculosis as per
the latest count and ranks 14th among 22 high TB burden countries
globally. As per WHO Global Tuberculosis Report 2014, in India, the
estimated prevalence of TB is 2.6 million cases.
