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Current Affairs 5th May 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. Here is the Daily GK Update to get you acquainted with the top events that made the headlines today!!

Current Affairs 5th May 2018: Daily GK Update

National News

1. HRD Ministry Launches Initiatives for Online Professional Development Using SWAYAM

Current Affairs 5th May 2018: Daily GK Update |_3.1
i. Human Resource Development Ministry has launched a major and unique initiative of online professional development of 1.5 million higher education faculty using the Massive Open Online Courses platform SWAYAM.
ii.  In the first phase, 75 discipline-specific National Resource Centres (NRCs) have been identified. National Resource Centres (NRCs) are tasked to prepare online training material with the focus on new and emerging trends, pedagogical improvements and methodologies for transacting revised curriculum.
Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • Prakash Javadekar is the present Human Resource Development Minister of India.
2. ‘Go to Village’ Mission Launched in Manipur
Current Affairs 5th May 2018: Daily GK Update |_4.1

i. Manipur Chief Minister N. Biren Singh launched ‘Go to Village’ mission throughout the state from Konuma ground. The mission was launched in 60 villages of all the 60 Assembly constituencies.
ii. The mission is aimed at identifying the eligible and deserving beneficiaries in every corner of the state and delivering government services at their doorstep.

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-

  • Manipur CM- Nongthombam Biren Singh, Governor- Dr Najma A. Heptulla.
3. 4th Regional Conference on ‘Futuristic, Resilient and Digital Infrastructure’ Concludes in Bengaluru
Current Affairs 5th May 2018: Daily GK Update |_5.1
i. The 4th Regional Conference on ‘Futuristic, Resilient and Digital Infrastructure’ organized by the Ministry of Finance in collaboration with the Confederation of Indian Industry (CII), and Research and Information System for Developing Countries (RIS) concluded in Bengaluru.
ii. The 2-day Conference was a lead-up event to the 3rd Annual Meeting of the Asian Infrastructure Investment Bank (AIIB) which is going to be hosted by the Government of India in June 2018 in Mumbai.
Static/Current Takeaways Important for NABARD Grade-A Exam 2018-

  • The Asian Infrastructure Investment Bank President- Liqun Jin.
  • AIIB Headquarters in Beijing, China.


4. NITI Aayog to Collaborate With IBM to Develop Precision Agriculture Using AI
Current Affairs 5th May 2018: Daily GK Update |_6.1
i. NITI Aayog and IBM have signed a Statement of Intent (SoI) to develop a crop yield prediction model using Artificial Intelligence to provide real-time advisory to farmers in Aspirational Districts. The Intent was signed in presence of NITI Aayog, CEO Amitabh Kant and IBM India, MD Karan Bajwa.
ii. The first phase of the project will focus on developing the model for 10 Aspirational Districts across the States of Assam, Bihar, Jharkhand, Madhya Pradesh, Maharashtra, Rajasthan and Uttar Pradesh.
Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • NITI- National Institution for Transforming India.
  • NITI Aayog Chairman- Narendra Modi, Vice-Chairman- Rajiv Kumar, CEO- Amitabh Kant.
5. Government Announces Project to Strengthen Namami Gange Programme
Current Affairs 5th May 2018: Daily GK Update |_7.1
i. The 11th Executive Committee meeting of National Mission for Clean Ganga (NMCG) recently approved the project encompassing the use of Geographic Information System (GIS) technology for Namami Gange programme with a total budget of Rs 86.84 crore.
ii. In order to facilitate the Ganga rejuvenation task through the GIS technology, the National Mission for Clean Ganga has tied-up with the Survey of India.
iii. The National Mission for Clean Ganga also approved the project to strengthen the State Pollution Control Boards (SPCBs) of five main stem Ganga basin states, namely, Uttarakhand, Uttar Pradesh, Bihar, Jharkhand and West Bengal. The project was approved at an estimated cost of Rs 85.97 for 5 years.
Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • Nitin Jairam Gadkari is the Minister of Water Resources, River Development and Ganga Rejuvenation
  •  Survey of India is the oldest scientific department in the country set up in 1767.


International News

6. 12th Informal Meeting of SAARC Finance Ministers Held in Manila

Current Affairs 5th May 2018: Daily GK Update |_8.1
i. The 12th informal meeting of SAARC Finance Ministers was held in Manila, Philippines, on the sidelines of the 51st Annual Meeting of Asian Development Bank (ADB).
ii. The meeting was attended by the Finance Ministers/Heads of Delegations from the SAARC member states. Finance Minister of Nepal Yuba Raj Khatiwada chaired the meeting.
Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • SAARC stands for South Asian Association for Regional Cooperation.
  • Its member states include Afghanistan, Bangladesh, Bhutan, India, Nepal, the Maldives, Pakistan and Sri Lanka.
  • President of ADB- Takehiko Nakao, ADB Headquarters- Manila, Philippines, Opened on- 19th December 1966. 


7. Venkaiah Naidu On 5-Day Visit to South America
Current Affairs 5th May 2018: Daily GK Update |_9.1
i. Vice President M Venkaiah Naidu emplaned for a five-day visit to South America’s Guatemala, Peru and Panama. Bilateral trade and investments are expected to be mainly discussed during the visit.
ii. This will be the Vice President’s first overseas visit after assuming office. He will be accompanied by a high-level delegation, including Minister of State for Tribal Affairs Jasvantsinh Sumanbahi Bhabhor.
Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • Guatemala Capital- Guatemala City, Currency- Guatemalan quetzal.
  • Peru Capital- Lima, Currency- Sol.
  • Panama Capital- Panama City, Currencies- United States Dollar, Panamanian balboa.
8. California Surpasses UK to Become World’s 5th Largest Economy
Current Affairs 5th May 2018: Daily GK Update |_10.1
i. US state California’s economy has surpassed that of the UK to become the world’s fifth largest, according to new federal data released. With a GDP of $2.7 trillion, California is now only behind the US, China, Japan and Germany.
ii. The UK and India are next on the list, followed by France, Brazil and Italy respectively. Despite having a population of only 40 million compared with the UK’s 65 million people, California’s gross domestic product of $2.7tn has overtaken the UK’s $2.6tn.


9. No Nobel Prize In Literature This Year
Current Affairs 5th May 2018: Daily GK Update |_11.1

i. The Swedish Academy has decided to postpone the 2018 Nobel Prize in Literature, with the intention of awarding it in 2019.
ii.  The decision has been taken in the wake of a sexual and financial scandal that has engulfed the Swedish Academy, the cultural institution responsible for awarding the prestigious prize. For the first time since 1949, the secretive jury will not unveil a winner this autumn.
Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • Kazuo Ishiguro was the winner of Nobel Prize 2017.


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