Monday 19 August 2013

Today's GK(19-8-13)



Teen sensation Kush Kumar won India’s first gold medal at the second Asian Youth Games after defeating Malaysia’s Mohammad Syafiq Mohd Kamal in the men’s singles squash competition, in Nanjing on Monday.
Kush won 11-9, 5-11, 11-9, 11-7 against the Malaysian in the summit clash to cap off an impressive undefeated run in the quadrennial event.
In table tennis, Abhishek Yadav settled for bronze after losing his semi-final clash against China’s Zhendong Fan 4-11, 13-11, 13-11, 4-11, 8-11, 5-11.
“I had to push very hard when I was 3-8 in the third game but I was able to keep my focus and win. I want to thank my coaches at the Indian Squash Academy and the federation for all their support,” Kush said.
National coach Cyrus Poncha was equally ecstatic and said, “It is truly a great achievement for India winning a gold medal at these games. I am sure we are only going to get better.”
This is India’s fourth medal in the ongoing edition of the Games after M. Kavita Devi and T. Lalchhanhima had won a bronze each in girl’s judo and boy’s weightlifting category on the first day of the competition.


Following the detection of a fuel leakage barely an hour from lift-off, the Indian Space Research Organisation (ISRO) aborted its Geosynchronous Satellite Launch Vehicle (GSLV), the GSLV-D5 mission that was to place in orbit the advanced communication satellite GSAT-14, from the Sriharikota spaceport.
The leakage was reportedly noticed during the loading of liquid propellants for the second stage. The 49-metre tall GSLV-D5 adopts a three-stage fuel cycle---the core solid stage, four liquid propellant strap-ons and second stage and a cryogenic upper stage.
This is the third straight time that the ISRO is being caught up in a cryogenic nemesis with its previous two GSLV missions with a home-wired cryogenic upper stage -- in April and December 2010 -- ending in failure.
"The countdown was progressing well, but about two before lift-off, we observed a leak in the fuel systems. Because of this, we are calling off the launch," ISRO Chairman K. Radhakrishnan later told a press conference.
A new date, Dr. Radhakrishnan said, would be finalised only after the ISRO team undertook a detailed assessment to identify the cause of the leak and the actions that need to be taken.
The immediate task of the ISRO team was to drain out the liquid propellants that was loaded for the second stage and the four liquid L40 strap-ons of the rocket. The GSLV-D5 has been hauled back to Vehicle Assembly Building.
 




Satywart Kadian of India won a bronze medal in the 96-kg freestyle category at the World Junior Wrestling Championships in Sofia, Bulgaria on 17 August 2013. Satyawart Kadian produced a clinical display of freestyle combat to get the better of Turkey's Ali Bonceoglu to open India's account at the championships. Satyawart's march was halted by Armenia' Viktor Kazishvili in the semifinals, as he lost the bout in the first period itself.

Satywart Kadian Hails from Haryana's Majra village in Jhajjar district and he was trained with Olympic medallists Sushil Kumar and Yogeshwar Dutt at the senior national wrestling camp in Sonepat. Satywart Kadian has also won a bronze medal at the 2010 Youth Olympic Games.


Archeologists from the Chinese Academy of Social Sciences, and the cultural relic bureaus of Altay Prefecture and Qinghe County excavated a set of stone shields which were used in the sacrifices by nomads in China around 3000 years ago. These shields were excavated in the northwest Xinjiang Uygur Autonomous Region. The researchers believe that this is a breakthrough for researching the life of ancient nomads.

The shields were excavated from Huahaizi (sea of flowers) Lake in the Altai Mountains that border the Mognolia. These appear like pentagonal stones. They have the circle in the centre and are surrounded by the herringbone pattern. The shields are believed to date back to the late Bronze Age, i.e., somewhere around 3000 years ago.

The experts from the Chinese Academy of Social Sciences, and the cultural relic bureaus of Altay Prefecture and Qinghe County kicked off the excavation project in July 2013 in order to discover ways of protecting the relics in a better way. Archeologists compared the patterns on the shields to the ones on deer stones. The patterns of herringbone and pentagons are found on a lot of deer stones on Eurasian steppe.

Deer stones are actually the ancient the megaliths which are engraved with symbols that are found across the world, but are mainly concentrated in Mongolia and Siberia. The patterns at the site are similar to the ones at the deer stones found at Mongolia's Khovsgol Province which are around 2000 km away to the East.

The experts believed that stone shields were used for the sacrifices and not for combat. These were the ritual objects for the high-level sacrifices for driving out the evil spirits. Modern Shaman wear the small shields as the ritual objects. The discovery of objects like these indicated towards the fact that practices like these dated back to around 1000 years ago.



My Journey: Transforming Dreams into Actions by former President of India, Dr. Avul Pakir Jainulabdeen Abdul Kalam

My Journey: Transforming Dreams into Actions by former President of India, Dr. Avul Pakir Jainulabdeen Abdul Kalam (APJ Abdul Kalam, for short) was launched in the month of August 2013 by the Rupa Publication.

What does the book include?

The book focuses on series of anecdotes and profiles of determination, courage as well as desire to excel of APJ Abdul Kalam. In his book, Dr. Kalam talked about lessons which he learnt from interaction with the people. The book describes about accounts of Dr. Kalam in the small town nearby the Bay of Bengal. It also focuses on the struggles of the former president in becoming the scientist and then the President of India.

In his book, Dr. Kalam wrote about his dejection as well as failures and that how he overcame these failures.

Key Features of My Journey: Transforming Dreams into Actions

• Dr. APJ Abdul Kalam is among the most respected public figures of India. He authored various best-selling titles in India. My Journey: Transforming Dreams into Actions is yet another book written by him.
• My Journey: Transforming Dreams into Actions is first book authored by him which draws inspiration from the personal stories of his own life.
• The book describes about those events of his life which are not known to a lot of people.
• The book has an appeal for not just the old readers, but also the younger ones. The target audience is also the youth and students.
• The book primarily also describes that he wanted to be a part of Indian Air Force, but could not pursue his dream in flying career.

About the author- Dr. APJ Abdul Kalam

• Dr. APJ Abdul Kalam was born on 15 October 1931 at Rameswaram in Tamil Nadu.
• He specialised in Aeronautical Engineering from Madras Institute of Technology.
• He is one among the most distinguished scientists of India.
• He is a recipient of numerous awards such as the Padma Bhushan (1981), the Padma Vibhushan (1990) and India's highest civilian award, the Bharat Ratna (1997).
• He became the 11th President of India on 25 July 2002.



Reliance General Insurance, in the third week of August 2013 entered into the agriculture area by launching the weather- and yield-based crop insurance schemes in five different states of India. These schemes will focus on the farmers in the five states- Uttarakhand, Haryana, Assam, Bihar and Uttar Pradesh.

Reliance General Insurance planned to include around one lakh farmers in 10 India states by 2013-14 fiscal year end. The company has been empanelled by the Union Government of India in order to implement the Weather-Based Crop Insurance (WBCI) scheme in 21 states of India. The company also received the authorisation from the National Agricultural Insurance Scheme (NAIS) for offering yield-based crop protection to farmers in 50 identified districts of India.

The scheme of yield-based crop insurance will include losses due to natural calamities, post-harvest as well as pre-sowing, diseases and pests. The weather-related risks will include excess rainfall or shortage of rainfall, variations in temperature as well as fluctuations in humidity. For the kharif crops, the rainfall parameter will be included. Similarly, for the rabi crops, rainfall, temperature humidity as well as combination of other parameters will be included.

It is important to note that domestic agriculture insurance premium market costs around 5000 crore Rupees. Weather insurance schemes will help in immediate compensation on the basis of objective data which will be sourced by the Indian Meteorological department. This insurance scheme will also help the farmers in providing flexibility for taking up the insurance for particular critical stage of the growth of crops or for overall crop cycle.

There is also the Modified National Agricultural Insurance Scheme which provides insurance to the farmers from the yield-based risks along with other risks during the crop cycle. The Union Government as well as the State Government subsidise the premiums which are paid by the farmers, while the insurer bears the claims.



Abu Dhabi Tourism & Culture Authority along with TUI, the leading leisure travel companies of the world, teamed up for staging one-month long destination campaign called Abu Dhabi Month, in New Delhi in order to boost the number of Indian visitors to UAE.

Primary Features of Abu Dhabi Month Campaign

• This is the first large-scale consumer focused activation campaign in order to rope in overseas guests to the Emirate.
• The campaign will run throughout August 2013 in dedicated TUI flagship store at Select Citywalk Mall, New Delhi.
• There will be a range of marketing as well as online activations staged, which will also include in-store branding and Abu Dhabi banners on TUI website.

Tourism Scenario of Indians in Abu Dhabi

The most important development in this regard has been enhanced air access from India to Abu Dhabi after the Jet-Etihad deal.

Abu Dhabi is seen as a preferred holiday destination by the Indians.

In first six months of the year 2013, around 80179 Indians stayed in 145 hotels as well as hotel apartments of Abu Dhabi. This was an increase of 22 percent from 2012. These Indians accounted for a total of 334238 guest nights, which is an increase of 43 percent from 2012. They stayed on an average of 4.17 nights, which is an increase of 17 percent.


Spirits Company Diageo Plc proposed the annual pay package of up to 10.9 million British Pounds or around 105 crore Rupees for the Indian-origin newly appointed CEO- Ivan Menezes. Ivan Menezes was named as the new Chief Executive Officer of Spirits Company Diageo on 7 May 2013. He replaced Paul Walsh who remained the CEO of this British firm since 2000. Ivan Menezes was the Chief Operating Officer of the company earlier.

After his promotion as the CEO since 1 July 2013, he has already been given an 8.6 percent hike in his base salary, which came to one million Pounds or 9.6 crore Rupees. He would also be entitled for other benefits, which would total up to 9.9 million Pounds or 95 crore Rupees per annum. He would be entitled to a base salary of one million Pound as well as awards such as Pension payments, Senior Executive Share Option Plan (SESOP), Performance Share Plan (PSP) and Annual Incentive Plan (AIP).

Before joining Diageo, Ivan Menezes held senior positions with Whirlpool, Booz Allen Hamilton and Nestle. It is important to note that Ivan Menezes’s total package is higher than the average salaries earned by other CEOs in India as well as abroad. The managerial remuneration report by the Institutional Investors Advisory Services (IIAS) in July 2013 revealed that the average salary of CEOs in 500 biggest companies of India in 2012-13 fiscal year was 3.6 crore Rupees, while the sale of these companies in the US was 28 crore Rupees.

Diageo owns renowned brands such as Guinness, Baileys, Smirnoff and Johnnie Walker. It also acquired a stake in United Spirits from Vijay Mallya-led UB group in the deal which was worth 2 million US dollar. Diageo is listed in the UK and the US and employs around 28000 people across the offices in 80 countries of the world. The products of this company are sold in around 180 countries.

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