Current Affairs: Daily GK Update 05th May, 2017

Study Daily Current Affairs from Daily GK Update on bankersadda and Adda247 app, and stay updated as well as prepare for General Awareness section of bank exams. Its time to gear up your preparations for  SBI PO 2017, and with daily dose of current affairs you can easily prepare G.A and score well.

i. In order to Strengthen defence ties, India has opened its first private small arms manufacturing plant at Malanpur, Madhya Pradesh in a joint venture with Israel. ii. The plant has been set up as a joint venture Punj Lloyd Raksha Systems between Indian defence conglomerate Punj Lloyd and Israel Weapons Industries (IWI).
iii. This is the first opportunity for the country to get its own ‘Made in India’ small arms.

i. India has launched the Geosynchronous Satellite Launch Vehicle (GSLV-F09) carrying the GSAT-9 or the “South Asia” satellite.
ii. The satellite was lifted off from the Satish Dhawan Space Centre in Sriharikota in Andhra Pradesh.
iii. Nepal, Bhutan, Afghanistan, Maldives, Bangladesh and Sri Lanka agreed but Pakistan is not a part of the project that was initially christened the SAARC satellite.

• The lift-off mass of GSLV-F09 is about 2,230 kg which includes the satellite and its launch vehicle.
• The mainframe of the satellite is cuboid in shape, built around a central cylinder.
• The mission lifespan is 12 years.
• The satellite is meant for providing communication and disaster support and connectivities among the countries of South Asia region
• All participating nations will have access to at least one transponder using which they can telecast their own programming.
• Nepal, Bhutan, Afghanistan, Maldives, Bangladesh and Sri Lanka are the part of project
• The satellite will provide communication channels between countries for better disaster management as the region is prone to natural disasters.

i. The Insolvency and Bankruptcy Board of India (IBBI) has constituted Technical Committee to lay down Technical Standards for the performance of core services and other services in accordance with Regulation 14 of the IBBI (Information Utilities) Regulations, 2017.
ii. The committee will be Chaired by Dr. R. B. Barman and the three members of the committee are Dr. Nand Lal Sarda, Dr.  Pulak Ghosh and Sh. V. G. Kannan.
iii. The Committee shall give its recommendation specifically on the matters namely- the Application Programming Interface; standard terms of service; registration of users; unique identifier for each record and each user.

i. The Madhya Pradesh government has passed a resolution granting river Narmada the status of a living entity and committed itself to the protection of its legal rights.
ii. A month ago, the Uttarakhand High Court had declared Ganga, Yamuna and their tributaries living entities with the status of a legal person.

i. Reliance Corporate IT Park Ltd. (RCITPL) has signed a Memorandum of Understanding (MoU) with enterprise application software major SAP SE to launch ‘SARAL GST’ solution for taxpayers.
ii. According to the subsidiary of Reliance Industries, the new offering will enable taxpayers to be GST compliant and smoothly access the government’s GST System, once GST is rolled out from July 1, 2017.

i. The National Bank for Agriculture and Rural Development (Amendment) Bill, 2017

i. The Indian men’s national football team has made it into the top 100 of the FIFA (International Federation of Association Football) world football rankings for the first time in 21 years.
ii. This upward movement is the result of away wins against Myanmar and Cambodia.
iii. As per the updated rankings on May 4, India, with a total of 331 points, have climbed a spot and are now placed 100th.
iv. The last time India had been in the top 100 of the rankings was way back in 1996, with the 94th spot in February 1996 being the country’s best ever FIFA ranking.

• Cabinet has approved a New Central Sector Scheme – SAMPADA
• Scheme for Agro-Marine Processing and Development of Agro-Processing Clusters is the full form of SAMPADA
• The objective of SAMPADA is to supplement agriculture, modernize processing and decrease agri-waste
• Cabinet has approved National Steel Policy 2017
• It was chaired by Shri Narendra Modi
• NSP 2017 aims to achieve 300 million tonnes of steel-making capacity by 2030
• India’s 1st private small arms manufacturing unit opened in Madhya Pradesh
• It has been opened in a joint venture with Israel.
• IBBI constitutes Technical Committee to lay down Technical Standards for the performance of core services
• Insolvency and Bankruptcy Board of India is the full form of IBBI
• Dr. M. S. Sahoo is the Chairman of IBBI
• The committee will be Chaired by Dr. R. B. Barman.
• Madhya Pradesh Assembly declares Narmada living entity
• It provides all legal rights of a person to ensure ‘Conservation of Aquatic Biodiversity linked with purity and continual flow of the River’
• Uttarakhand has previously declared Ganga and Yamuna Rivers as living entities
• Shivraj Singh Chouhan is the CM of MP.
• Reliance, SAP launch ‘SARAL GST’ solution for taxpayers
• The offering will enable taxpayers to be GST compliant and smoothly access the government’s GST System.
• The NABARD (Amendment) Bill, 2017 was introduced by Minister of Finance, Mr. Arun Jaitley.
• NABARD came into existence on 12th July 1982.
• NABARD was dedicated to the service of the nation by the late Prime Minister Smt. Indira Gandhi on 05th November 1982.
• NABARD Set up with an initial capital of Rs.100 crore.
• NABARD was established on the recommendations of B.Sivaraman Committee.
• B.Sivaraman former member of Planning Commission, Government of India.  
• NABARD has its head office at Mumbai, India.
• Harsh Kumar Bhanwala is the Chairman of NABARD.
• India reached into top 100 of FIFA rankings for 1st time in 21 years
• Its current ranking is 100th
• The best Indian ranking in FIFA was 94th in 1996
• Gianni Infantino is the President of FIFA.