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’s 1st Cryptocurrency ATM Installed In Bengaluru
2. Government Launches ‘Swastha Bharat Yatra’ Campaign
Business News
1. India’s 1st Cryptocurrency ATM Installed In Bengaluru
i. An ATM for deposit and withdrawal of money for cryptocurrencies has been installed in Bengaluru’s Kemp Fort Mall by virtual currency exchange Unocoin.
ii. Users can deposit money to buy currencies like Bitcoin and Ethereum using an OTP received on their registered numbers. In order to withdraw money, a request has to be first made on the Unocoin website.
2. Government Launches ‘Swastha Bharat Yatra’ Campaign
i. The government launched a national campaign ‘Swasth Bharat Yatra’ on the World Food Day (16th October) under which a pan-India cycle rally is being organized to sensitise people about eating safe food and be healthy. It was announced by the FSSAI chief executive Pawan Kumar Agarwal.
ii. The Food Safety and Standards Authority of India (FSSAI) is leading this campaign where about 7,500 cyclists are expected to participate in over 18,000 km relay cycle rally travelling across six tracks through almost every state and UT over 100 days to propagate a powerful message ‘Eat Right India’.
3. Muzaffarpur’s Shahi Litchi Gets GI Tag
i. After huge efforts for a year, now Shahi Litchi of Muzaffarpur, Bihar has got official recognition as it receives the geographical indication (GI) tag.
ii. The sweet, pulpy and juicy Litchi of Bihar is mostly grown in Muzaffarpur, and adjoining areas including East Champaran, Vaishali, Samastipur, and Begusarai districts. The GI registration was done in the name of Litchi Growers Association of Bihar, who had applied for the tag.
Static/Current Takeaways Important for Indian Bank PO Exam 2018-
- The first product to get a GI tag in India was the Darjeeling tea in 2004. There are a total of 325 products from India that carry this indication.
- Alphonso Mango of Maharashtra has recently got the Geographical Indication (GI) Tag.
International News
4. 12th Asia Europe Meeting Summit Begins in Brussels
i. Vice President M. Venkaiah Naidu is in Brussels, Belgium to attend the 12th Asia Europe Meeting (ASEM) summit. Mr Naidu will lead the Indian delegation at the two-day Summit. The theme of this year’s ASEM Summit is “Global Partners for Global Challenges”.
ii. ASEM Agenda for 2018 will prioritize issues related to connectivity, trade and investment, sustainable development, climate change, terrorism, migration, maritime security and cyberspace.
Static/Current Takeaways From Above News For IBPS PO Mains Exam 2018:
- Belgium Capital: City of Brussels, Currency: Euro.
Business News
5. RIL Announces ‘Strategic’ Partnership With Hathway And Den
i. Mukesh Ambani’s Reliance Industries made it official that it is entering a strategic investment partnership with Den Networks Limited and Hathway Cable and Datacom Limited, which will be a ‘win-win’ outcome for customers, local cable operators, content producers, and the companies.
ii. All you need to know about the RIL-Hathway-Den strategic partnership:
- RIL’s strategic investment in and partnership with Den, Hathway Cable and Datacom Limited will accelerate JioGigaFiber rollout to 50 million homes across 1,100 cities.
- RIL will make the primary investment of Rs 2,045 crore through a preferential issue under SEBI regulations and secondary purchase of Rs 245 crore from the existing promoters for a 66% stake in Den.
- The Mukesh Ambani conglomerate will also make the primary investment of Rs 2,940 crore through a preferential issue under SEBI regulations for a 51.3% stake in Hathway Cable and Datacom Limited (Hathway).
- Hathaway will issue 90.8 crore shares to Reliance Jio at Rs 32.35 per share
- RIL also plans to make open offers in DEN and Hathway subsidiaries.
- Reliance and Jio aim to strengthen 27,000 LCOs that are aligned with DEN and Hathway.
- RIL is being advised by JM Financial Limited, Citigroup Global Markets, Khaitan & Co, Cyril Amarchand Mangaldas, AZB Partners and EY LLP for the deal.
6. TCS Displaces Accenture As Largest IT Firm Servicing Banks
i. Tata Consultancy Services (TCS) Ltd’s quarterly earnings from the financial sector have edged past that of Accenture Plc, which is nearly double its size, making company the world’s largest pure-play information technology (IT) and consulting firm servicing megabanks and insurers.
ii. During the July-September period, TCS got $2.07 billion in business from banking, financial services and insurance, or the BFSI sector.
Static/Current Takeaways From Above News For IBPS PO Mains Exam 2018:
- N. Chandrasekaran is the present Chairman of TCS.
7. RBI Issues Guidelines To Facilitate Payments Among PPI
i. In a move aimed at promoting digital transactions, the Reserve Bank of India (RBI) has released operational guidelines to facilitate payments among prepaid instruments (PPI) such as mobile wallets.
ii. According to the notification issued by the RBI, inter-operability among mobile wallets, and between bank account and e-wallet would be enabled through the UPI system. Currently, a mobile wallet does not allow customers to send or receive money from a wallet run by another company.
Static/Current Takeaways From Above News For IBPS PO Mains Exam 2018:
- Urjit Patel- 24th Governor of RBI, Headquarters- Mumbai, Established on- 1st April 1935, in Kolkata.
Awards
8. Suheil Tandon Wins International Olympic Committee Award
i. Social Entrepreneur Suheil F. Tandon has won the International Olympic Committee’s Sport and Active Society Commission’s Grant Award for his contribution to sports for development. Suheil is the Founder of Pro Sports Development (PSD) and Executive Director of Martha Farrell Foundation.
ii. Worth USD 25,000 each, these grants are awarded to grassroots organisations running effective sport for all programmes in different regions across the world.
9. Khayyam Named for Hridaynath Award for Lifetime Achievement
i. National Award winning music director Mohammed Zahur Khayyam Hashmi, famous as ‘Khayyam’, has been named for this year’s Hridaynath Award for Lifetime Achievement.
ii. Instituted by the Hridayesh Arts, the award carries a cash prize of Rs 100,000 and a memento and shall be conferred by Chief Minister Devendra Fadnavis.
Books and Authors
10.’Maharana Pratap: The Invincible Warrior’: A Book Authored By Rima Hooja Released
i. A new book on Maharana Pratap named “Maharana Pratap: The Invincible Warrior” authored by historian Rima Hooja has been released.
ii. The book narrates the life of Maharana Pratap, the great Rajput warrior and also talks about the famous battle of Haldighati.
ii. The book narrates the life of Maharana Pratap, the great Rajput warrior and also talks about the famous battle of Haldighati.
Ranks and Reports
11. Global Competitiveness Report 2018: India Ranks 58th, US Tops
i.The World Economic Forum released the Global Competitiveness Report 2018. According to the report, India has jumped five spots to become the 58th most competitive economy on the Global Competitiveness Index 2018 (GCI 4.0).
ii. The United States ranked number one again with a score of 85.6. India ranked highest among South Asian countries with a score of 62.0. Sri Lanka was ranked 86, Bangladesh 103, Pakistan 107 and Nepal 109. As for the BRICS nations, China topped the list at 28th position with a score of 72.6 followed by Russian Federation, India, South Africa and Brazil respectively.
iii. The Top 3 countries on the Index are:
1. US,
2. Singapore,
3. Germany,
Sports News
12. Youth Olympic Games 2018: Akash Malik Wins India’s Maiden Archery Silver At YOG
i. Akash Malik became India’s first silver-medallist in archery at the Youth Olympic Games, providing a fitting finale to the country’s best-ever campaign at the marquee event Buenos Aires.
ii. The 15-year-old son of a farmer lost a one-sided final to Trenton Cowles of the USA 0-6 as India concluded with three gold, nine silver, and one bronze at the event.
Static/Current Takeaways Important for Indian Bank PO Exam 2018-
- Argentina Capital: Buenos Aires, Currency: Argentine peso.
- Official Mascot of Youth Olympic Games 2018 is Pandi.
Obituaries
13. Former Uttar Pradesh Chief Minister N.D. Tiwari Passes Away
i. Former Chief Minister of Uttar Pradesh and Uttarakhand, N D Tiwari, passed away after a prolonged stint of hospitalization in New Delhi.
ii. Apart from serving as the Ministry of External Affairs in the Rajiv Gandhi Cabinet between 1986-87, Mr Tiwari was thrice elected Chief Minister of Uttar Pradesh in varied stunts between 1976–77, 1984–85, 1988–89 and was for one term the Chief Minister of Uttarakhand, between 2002-2007.
Static/Current Takeaways From Above News For IBPS PO Mains Exam 2018:
- UP Present CM: Yogi Adityanath, Governor: Ram Naik.
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