Current Affairs 26th and 27th January 2018: Daily GK Update |

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. Apart from the GA Section, an excellent knowledge of current news also helps you deal with the PI (Personal Interview) more efficiently so you do not give a mumble jumble answer to the interviewee’s simple questions. Here is the Daily GK Update to get you acquainted with the top events that made the headlines today!!

Current Affairs 27th January 2018: Daily GK Update

National News

1. Nation Celebrates 69th Republic Day

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i. The Country celebrates its 69th Republic Day on 26th January in Rajpath, New Delhi to be resplendently displaying the country’s pride and glory. Heads of ten ASEAN countries are chief guests at Republic Day.

ii. The family members of Corporal Jyoti Prakash Nirala (Posthumous) of the Indian Air Force (IAF), who died fighting militants in Kashmir valley, received India’s highest peacetime gallantry award, Ashok Chakra.

2. Kolkata Becomes 1st Indian Metro to get a Floating Market

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i. Kolkata has become the first Indian Metro to get a Floating Market. The market will be located on a water-body with boats doubling up as shops. The market, located on the eastern fringes of the city, was inaugurated by West Bengal Chief Minister Mamata Banerjee.

ii. The aim is to rehabilitate over 200 shopkeepers from a nearby market that was demolished for the widening of the Eastern Metropolitan Bypass. The market will host at least 114 boats, each one accommodating two shops.

3. Punjab CM Launches Benefits under ‘Mahatma Gandhi Sarbat Vikas Yojana’

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i. Punjab chief minister Amarinder Singh launched the release of benefits under ‘Mahatma Gandhi Sarbat Vikas Yojana’ (MGSVY) aimed at the inclusive growth of the distressed sections of the society.

ii. He appealed to the state’s debt-ridden farmers not to commit suicide since his government was committed to the total implementation of its farm debt waiver scheme by November 2018.

4. India, Vietnam Release First-Ever Commemorative Stamps

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i. India and Vietnam released first ever set of commemorative postage stamps to mark the long-term friendly bilateral relationships between the two countries.
ii. The stamp was released by AN Nanda, Secretary, Department of Posts. The two set of stamps released carry picture of Sanchi Stupa and Thien Mu Pagoda.

Static/Current Takeaways Important for Syndicate Bank PO 2018 Exam-

Vietnam Capital- Hanoi, Currency- Vietnamese dong.

Banking/Business/Economy News

5. Small Finance and Payments Banks to Offer Atal Pension Yojana

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i. The Ministry of Finance has announced that “Payments Banks and Small Finance Banks” will offer social security scheme Atal Pension Yojana (APY) to their subscribers. It was done to strengthen the existing channels of APY distribution.

ii. According to the Ministry, currently, there are 11 Payments Banks and 10 Small Finance Banks that have received the license from the Reserve Bank of India (RBI) to start their operations.

About Atal Pension Yojana (APY) in brief-

The APY was launched by Prime Minister Narendra Modi on May 9, 2015.
It is the first ever guaranteed pension product, open to all citizens between the ages of 18 and 40 years.
It provides a minimum guaranteed pension of Rs1,000 to Rs5,000 per month, after the age of 60 years, depending on the monthly contribution made by a subscriber.

Appointments

6. Usha Ananthasubramanian Becomes 1st Woman IBA Chief

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i. Usha Ananthasubramanian, MD and CEO, Allahabad Bank, has been elected the first woman chairman of Indian Banks’ Association (IBA). Usha was elected IBA Chairman for the year 2017-18 by its Managing Committee.

ii. IBA Chairman’s position fell vacant following the superannuation of Jatinder Bir Singh. Rajnish Kumar, Chairman, State Bank of India, was elected Deputy Chairman of IBA for the year 2017-18.

Awards

7. Padma Awards 2018 Announced: Full List of Recipients

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i. The President has approved the awards for 85 individuals, which includes 3 Padma Vibhushan, 9 Padma Bhushan and 73 Padma Shri.
ii. In sports personalities, former India cricket captain Mahendra Singh Dhoni and multiple world champion cueist Pankaj Advani have been conferred with the third-highest civilian award, Padma Bhushan.

iii. The 2017 World Weightlifting Champion Saikhom Mirabai Chanu and former Asian Games gold medallist tennis player Somdev Devvarman have been conferred with the Padma Shri. The awards are announced on the eve of the Republic Day every year.

Find the Complete List of Winners Here

Obituaries

8. Veteran Bengali Actress Supriya Devi Passes Away

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i. Veteran Bengali film actress and Padmashri awardee, Supriya Devi, passed away in Kolkata, following a severe cardiac arrest. She was 83.

ii. Supriya Devi made her debut in the Uttam Kumar-starrer Basu Parivar in 1952. She was also awarded the Banga Vibushan – the highest-ever civilian award given by the Bengal Government, and a Life Time Achievement Award by Filmfare during their eastern India version of the award show.