Current Affairs 02nd January 2018: Daily GK Update

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. It’s time to gear up your preparations for Syndicate Bank PO, IBPS Clerk Mains and with the daily dose of current affairs, you can easily prepare G.A and score well.

1. SBI Reduces Base Rate and Benchmark Prime Lending Rates Each by 30 bps

i. The State Bank of India reduced the base rate and benchmark prime lending rates by 30 basis points each, which will benefit nearly 80 lakh customers on the old pricing regime.

ii. SBI revised down the base rate to 8.65 percent for existing customers from 8.95 percent, while the benchmark prime lending rates are down from 13.7 percent, to 13.4 percent. The one-year MCLR of the bank stands unchanged at 7.95 percent. 

Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-

• MCLR stands for Marginal Cost of funds based Lending Rate.
• SBI Chairman- Rajnish Kumar, Headquarters- Mumbai, Established on- 01st July 1955.

2. 1st Draft of National Register of Citizens in Assam Released

i. The citizen of Assam witnessed the release of the first draft of National Register of Citizens (NRC) containing the first batch of 19 million names of genuine Indian citizens in compliance with the Supreme Court ‘s orders.

Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-

3. Women & Child Development Ministry Inaugurated Online Portal NARI

i. Women and Child Development Minister Maneka Gandhi inaugurated an online portal NARI in New Delhi for the empowerment of women. 

ii. The portal will provide women with easy access to information on government schemes and initiatives for women. The portal summarises over 350 government schemes and other important information.

Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-

4. Assamese and Manipuri Versions of PM Modi’s Official Website Launched

5. Saudi Arabia, UAE Introduce VAT for First Time

i. Saudi Arabia and the United Arab Emirates (UAE) introduced value-added tax (VAT). These are the first two countries in the Gulf which have introduced the VAT system.

ii. The 5% levy is being applied to the majority of goods and services. Petrol and diesel, food, clothes, utility bills and hotel rooms all now have VAT applied. But some outgoings have been made exempt from the tax or given a zero-tax rating, including medical treatment, financial services and public transport.

Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-

6. Vijay Keshav Gokhale Appointed Foreign Secretary

7. Pankaj Jain Assumes Charge as IIFCL Managing Director

ii. He will be holding additional charge of IIFCL along with his present position as Joint Secretary at DFS.

• IIFCL is a wholly-owned Government of India company set up in 2006.
• IIFCL has been registered as an NBFC-ND-IFC with RBI since September 2013.

8. Indian Golfer Shiv Kapur Wins Royal Cup at Pattaya

• Shiv Kapur first won on Asian Tour in his debut season in December 2005.

9. Veteran Poet Anwar Jalalpuri Passes Away

• Anwar Jalalpuri was a Yash Bharti Award recipient.

Read Today’s GK Update in Hindi Here

Practice More Current Affairs and Banking Quizzes

• Study notes of banking awareness for IBPS Exam 2017
• More questions of banking awareness for bank exams