Daily GK Update 3rd February 2016, Important Current Affairs

1. Veteran Urdu writer Intizar Husain passes away

i. Legendary Urdu fiction writer, novelist, columnist and poet Intizar Husain passed away in Lahore, Pakistan. He was 93.
Veteran Urdu writer Intizar Husain passes away
ii. He was the first Pakistani and the first Urdu writer ever to be nominated for the prestigious literally award Man Booker International Prize for fiction.
iii. His famous books are Kankari, Gali Koochay, Shehr-i-afsos, Din Aur Dastan, Kachhuay, Khaimay Say Door, Morenama Khali, Pinjra and Sheharzad Kay Naam.

2. Saroj Kumar Jha appointed as Senior Director in World Bank

i. Saroj Kumar Jha has been appointed Senior Director for the Fragility, Conflict and Violence Group in the World Bank.
ii. It is a key position in the World Bank to provide strategic leadership to address the challenge of fragility, conflict and violence.
iii.He joined the World Bank as a Senior Infrastructure Specialist in the Sustainable Development Network in 2005.

3. Alphabet Inc overtakes Apple as world’s most valuable company

i. Alphabet Inc., the parent company of Google has overtaken Apple as s most valuable company in the world.
ii. Alphabet has made a profit of $4.9 billion in the fourth quarter and was valued at 548 billion dollars followed by Apple which was valued 534 billion dollars.
iii. The core Google businesses was largest contributor to had revenues of Alphabet which has reported revenues worth 74.5 billion dollars in 2015 and had made a profit of 23.4 billion dollars. iv. Earlier in 2012, Apple had overtooken Exxon Mobil to become the most valuable company in the world and in 2015 Apple became the first company to reach a market value of $700 billion.

4. Former RBI Deputy Governor S S Tarapore passes away

i. economist and former deputy governor of the Reserve Bank of India (RBI) S.S. Tarapore passed away in Mumbai, Maharashtra. He was 80. As an economist, he was well known for his strong views on issues—ranging from inflation to capital account convertibility.
ii. He had served as deputy governor of RBI from 1992 and 1996 when C. Rangarajan was the governor.

5. Union Government issues guidelines in wake of Zika Virus outbreak

i. The Union Government has issued detailed guidelines to tackle the outbreak of Zika Virus Disease in the wake of reported cases in Americas.
Union Government issues guidelines in wake of Zika Virus outbreak

ii. These guidelines were issued by Union Health Ministry and comes after World Health Organisation (WHO) had declared this outbreak as Public Health Emergency of International Concern.

6. India, Brunei ink three MoUs

i. India and Brunei have signed three Memoranda of Understanding (MoU) to cooperate in the fields of defence, health and youth affairs & sports.
ii. These MoUs were signed the representatives of both the countries in presence of the visiting Vice President Mohd Hamid Ansari at capital Bandar Seri Begawan.

7. Major General Jai Shanker Menon appointed as UNDOF head

i. Major General Jai Shanker Menon of India has been appointed as the Head of Mission and Force Commander of the United Nations Disengagement Observer Force (UNDOF).
ii. He was appointed by UN Secretary-General Ban Ki-moon and succeeds Lt Gen Purna Chandra Thapa of Nepal.
iii. In his new role, Maj Gen Menon brings his extensive command experience and knowledge of peacekeeping affairs at the international and national levels.

8. Kerala won 61st National School Athletics championship

i. Kerala won the 61st National School Athletics championship. The national School Athletics championship was held at Olympian Rahman Stadium in Kozhikode, Kerala from 29 January 2016 to 2 February 2016. 
ii. This is for the 19th consecutive time Kerala becomes the champions in the event. Kerala, the host of the championship got 306 points winning 39 gold, 29 silver and 17 bronze medals.
iii. On the other hand, Tamil Nadu stood at second position with 116 points winning 11 gold, 8 silver and 13 bronze medals. Maharashtra with 101 points gained the third position.

9. SC appointed Lodha Committee to sell PACL's assets

i. Supreme Court appointed a committee under former Chief Justice RM Lodha to sell assets of Pearls Agrotech Corporation Ltd (PACL) and refund 49 thousand crore rupees to the investors.
ii. The investors invested in the firm’s collective investment scheme (CIS) that was deemed illegal by the Securities and Exchange Board of India (SEBI).
iii. A bench headed by Justice Anil Dave said that the title deeds of various lands belonging to PACL should be handed over by the CBI to the SEBI. The court in its direction said that SEBI will take appropriate steps to ensure their sale.

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