8/20/2019 Daily GK Updates 10 - 11th August 2014

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1.  Indian economy expected to grow by 5.5% in current fiscal: UN

i. India's economy is expected to record stronger growth momentum of 5.5 percent in the current fiscal,underpinned by "solid expansion" in industrial and services sectors, and impetus to economic reforms bythe new government, according to a UN report.

ii. In its report, the United Nations conomic and !ocial ommission for #sia and the $acific %UN!#$&said a fragile global economy has "weighed" on Indian economy in recent years, but "delays" in tacling"structural impediments", such as rising ine(uality, high inflation and infrastructure shortages have alsoaffected the growth rate.iii. "Indian economy expanded by ).* per cent in the fiscal year +-, up from ).5 per cent in the previousyear. /his rate is, however, far below the 0.5 per cent pace registered in the years prior to the globalfinancial crisis," said the report, released at a meeting of UN!#$.

2.  ecep !ayyip rdogan wins !ur#is$ presidential election

i. /urish $rime 1inister 2ecep /ayyip rdogan has won his country's first direct presidential election.

ii. 3ith almost all the votes counted, 1r rdogan had won about 5+4, against 4 for main rival

meleddin Ihsanoglu.

iii. /he huge margin of victory means there is no need for a run6off.

i. 1r rdogan, who has vowed to bolster the power of the president, promised supporters a "socialreconciliation period", saying7 "8et's leave the old discussions in the old /urey."

. /he veteran leader, who has spent three terms as prime minister, is revered by supporters for boostingthe economy and giving a voice to conservatives.

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'orld (an# to fund ecologically safe power pro)ects

i. # 3orld 9an economist has said that the lender will fund only those hydro6power pro:ects wheresafeguards are in place to prevent any adverse impact on the environment.

ii. "3e are prepared to support only those good hydro6power pro:ects in India which mae economic

sense as well as tae socio6environment safeguards very seriously," 1ichael /oman, lead economist onclimate change in 3orld 9an said here during a visit to the city.

iii. "/he impact in terms of environment, relocation of people, availability of water to farmers should beminimum. 3e want all these environment and social factors to be taen care of," he said when ased tocomment on protests against power pro:ects in states lie Uttarahand and #runachal $radesh.

i. 3orld 9an lends money to a number of development pro:ects in India, including power pro:ects.!peaing on the sidelines of a seminar on energy security organised by research body U/!International, he said large grid6connected power pro:ects have the advantage of being cheaper throughthe economies of scale. "

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*.  +,+N to boost cooperation wit$ India in arious fields

i. /he #!#N, considered one of the world's fastest growing regions, today resolved to significantlyenhance cooperation with India in combating growing challenges of maritime security, terrorism, drugtrafficing and cyber crime besides expanding trade ties.

ii. /he -6nation grouping, particularly emphasised on close engagement with India to deal with issues

relating to maritime security, freedom of navigation and maritime security in the seas of the region.

iii. /he comments by #!#N %#ssociation of !outheast #sian Nations& came on a day when the disputerelating to hina's territorial claims over the !outh hina !ea was dominating the meeting of foreignministers of the powerful bloc here.

i. #ddressing the -+th India6#!#N meeting here, xternal #ffairs 1inister !ushma !wara: hadyesterday said India supported freedom of navigation and access to resources in the !outh hina !ea inaccordance with principles of international law, including the -0+ UN onvention on the 8aw of the !ea.

5.  ,i##im gets $ig$est number of foreign tourists among N states

i. !iim has become the most favoured destination of foreign tourists in the north6eastern states of thecountry.

ii. 3hile the state received +;+ tourists in +--, the figures were +;)0 in +-+ and -;0 in +-respectively, a press release issued by the ruling !iim oram, Nagaland and/ripura respectively, the release said.i. /ourism development has been the priority of the !

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ii. /he Aold came in the 2ecurve 3omen's /eam event which saw #5u;e#B#

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