Dear Aspirants,
The General Awareness Section of Banking Exams covers numerous sections in it like Banking Awareness, Static GK, and Current Affairs. But the most important thing that you might have noticed is that both the Banking Awareness and Static Awareness questions asked in the General Awareness Section are based on Current Affairs only. The questions on Static and Banking Awareness are related to the countries, events or anything that has been in news for a while. Here is the Daily GK Update to get you acquainted with the top events that made the headlines today!!
National News
1. India Signs Loan Agreement with World Bank for USD 48 million for Meghalaya
i. A Loan Agreement for IBRD loan of USD 48 million for the “Meghalaya Community – Led Landscapes Management Project (MCLLMP)” was signed with the World Bank.
ii. The Objective of the Project is to strengthen community-led landscapes management in selected landscapes in the State of Meghalaya.
Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
- Meghalaya CM- Conrad Sangma, Governor- Ganga Prasad.
2. Government Revises Target to Complete PMGSY from Year 2022 to 2019
i. The Union Government has stated that the Pradhan Mantri Gram Sadak Yojana or PMGSY is well on its way to achieving the target by March 2019. The scheme, since its inception in 2000, has been able to provide connectivity to more than One lakh 50 thousand habitations.
ii. Sensing the importance and urgency of rural roads for national development, the target date for completion of PMGSY-I has been preponed from 2022 to 2019.
3. Bengaluru Highest Paying City For Talent: Report
i. The garden city of Bengaluru is found to be the highest paying city in the country, with an average annual cost to company (CTC) for talent across all levels and functions standing at about Rs 11 lakh, according to Randstad Insights, the research and analysis division of Randstad India.
ii. Pune stands second at around Rs 10 lakh, followed by Delhi NCR and Mumbai with an average annual CTC figure of a little under Rs 10 lakh and around Rs 9 lakh, respectively.
Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
- Bengaluru is the capital city of Karnataka.
- CM of Karnataka- Siddaramaiah.
- Governor of Karnataka- Vajubhai Rudabhai Vala.
International News
4. World Bank Projects India’s Growth Rate at 7.3% for 2018-19
i. The World Bank has projected a growth rate of 7.3% for India this year and 7.5% for 2019 and 2020. The bank also noted that Indian economy has recovered from the effects of demonetisation and the Goods and Services Tax.
ii. The World Bank in its twice-a-year South Asia Economic Focus report in Washington stated that growth is expected to accelerate from 6.7% in 2017 to 7.3% in 2018 and to subsequently stabilise supported by a sustained recovery in private investment and private consumption.
Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
- President of the World Bank- Jim Yong Kim.
- Headquarters of World Bank: Washington, DC.
5. UK Joins International Solar Alliance to Mark Narendra Modi Visit
i. The United Kingdom joined the India-led International Solar Alliance (ISA) ahead of Prime Minister Narendra Modi’s four-day visit to Britain.
ii. At an event held at the London Stock Exchange as part of the Commonwealth Heads of Government Meeting 2018 (CHOGM), Britain formally announced its membership of the alliance.
ii. At an event held at the London Stock Exchange as part of the Commonwealth Heads of Government Meeting 2018 (CHOGM), Britain formally announced its membership of the alliance.
iii. This alliance aims to raise $1 trillion of private and public finance to provide affordable and sustainable energy for all by 2030.
Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
- The United Kingdom Capital- London, Currency- British pound, Prime Minister- Theresa May.
6. World Haemophilia Day- 17 April
i. Every April 17 World Haemophilia Day is recognised worldwide to increase awareness of haemophilia and other inherited bleeding disorders. The theme of WHD 2018 is ‘Sharing Knowledge Makes Us Stronger’.
ii. World Haemophilia Day was started in 1989 by the World Federation of Hemophilia (WFH) which chose to bring the community together on April 17 in honour of WFH founder Frank Schnabel’s birthday.
Appointments
7. Lt Gen PP Malhotra Takes Over as Director-General of NCC
i. Lieutenant General PP Malhotra assumed charge as Director General of National Cadet Corps (NCC), the largest uniformed youth organization in the world.
ii. Prior to assuming his present appointment, he was the Chief Engineer of the Army’s premier Northern Command.
Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
- NCC was established on 16 April 1948.
- NCC headquarters in New Delhi.
Awards
8. Pulitzer Prizes 2018 Announced
i. The Pulitzer Prizes for 2018 has been announced in the USA.
ii. Following are the winners of the Pulitzer Prize 2018.
ii. Following are the winners of the Pulitzer Prize 2018.
1. Fiction- Andrew Sean Greer’s “Less” has won the Pulitzer Prize for fiction. Greer’s novel tells the comic story of a middle-aged novelist.
2. Drama- Cost of Living, by Martyna Majok.
3. History- The Gulf: The Making of an American Sea, by Jack E. Davis (Liveright/W.W. Norton).
4. Biography- Prairie Fires: The American Dreams of Laura Ingalls Wilder, by Caroline Fraser (Metropolitan Books).
5. Poetry- Half-light: Collected Poems 1965-2016, by Frank Bidart (Farrar, Straus and Giroux).
Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
- 1917 was the first year when the Pulitzer Prizes were awarded.
- Pulitzer Prize has been named after Joseph Pulitzer.
Banking/Economy News
9. Bandhan Bank Among Top 50 Most Valuable Brand in India
i. Kolkata-based Bandhan Bank Ltd became one of the top 50 most valuable publicly traded firms in India. The market capitalization of Bandhan Bank was at Rs64,000 crore, claiming 50th rank, according to BSE data.
ii. Tata Consultancy Services Ltd is the most valuable company in India, followed by Reliance Industries Ltd and HDFC Bank Ltd. Bandhan Bank had raised Rs4,500 crore through a successful initial public offering (IPO) in March after setting the pricing at Rs375 per share.
Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
- MD and CEO of Bandhan Bank is Chandra Shekhar Ghosh.
- It headquarters in Kolkata, West Bengal.
10. Yes Bank Launches GST Backed Over Draft Facility for MSMEs
i. Yes Bank has announced the launch of ‘Yes GST’, an OD (over draft) facility for Micro, Small and Medium Enterprises (MSMEs). Through this, an MSME can avail OD up to Rs 1 crore, based on their annual turnover, backed by GST returns.
ii. Any additional assessment of balance sheet or bank statements will not be required. This OD facility can be availed by an MSME against mortgage of residential or commercial property. The sanctioned amount can be utilised by the MSME either fully or in tranches.
Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
- Yes Bank MD and CEO- Rana Kapoor.
- Head office of Yes Bank- Mumbai.
- YES BANK is India’s fifth largest private sector Bank.
Obituaries
11. Veteran Journalist S Nihal Singh Passes Away
i. Veteran journalist S Nihal Singh passed at the age of 88 following an illness. He was suffering from kidney-related ailments.
ii. Nihal Singh had worked with several leading newspapers including The Indian Express, The Statesman and Khaleej Times.
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