Daily Current Affairs 28th December 2019

Table of Contents

Dear Aspirants,

General awareness section is the most important part of every competitive exam, it can help you score well in the exam if you are updated with all the current news. Banking Awareness, Static GK and the current news are the parts that make the GA section complete. It is important to know what is happening in and outside of India. GK updates are incorporated with the important news that made the headlines today. It is the complete bag of the important news that held all day long. One should have complete knowledge about the banking terms, current affairs news, etc. So, here is the GK update of 28th December to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

National News

1. “National Symposium of Poets 2020” organized by All India Radio

All India Radio organized the National Symposium of Poets 2020. Select poets of all 22 languages recognized in the constitution participated in the symposium.
It is being held every year since 1956. The poets from all corners of the country gave their presentations and captivated the hearts of the people during the symposium.
The symposium will be broadcasted on the eve of Republic Day and at all the centers of AIR.

Important takeaways for all competitive exams:

Chairman of Prasar Bharti: A. Surya Prakash.

International News

2. China launches its largest carrier rocket “Long March-5”

China has successfully launched its largest carrier rocket “Long March-5“. The rocket was launched from Wenchang Space Launch Center in south China’s Hainan Province. The rocket is also known as CZ-5. It was China’s third attempt to launch the rocket.
The Chinese rocket carried the Shijian-20 satellite, a communication satellite and placed it into its designated orbit. The Shijian-20 satellite will lay the foundation for the development of highly sensitive space probes.
It is China’s heaviest and most advanced communications satellite in geosynchronous orbit.

Important takeaways for all competitive exams:

Capital of China: Beijing; Currency: Renminbi.

3. Russia deploys its 1st Avangard Hypersonic missile system

Russia’s 1st missile unit equipped with Avangard Hypersonic glide vehicle enters into service. Russia’s defence ministry stated that a new hypersonic weapon with latest strategic missiles of intercontinental range has became operational.
The nuclear-capable missiles can travel more than 20 times the speed of sound. They have a “glide system” that affords great manoeuvrability and could make them impossible to defend against.
The Avangard can carry a nuclear weapon of up to 2 megatons. Avangard is designed using new composite materials to withstand temperatures of up to 2,000 Celsius resulting from a flight through the atmosphere at hypersonic speeds.

Important takeaways for all competitive exams:

President of Russia: Vladimir Putin; Capital: Moscow; Currency: Russian Ruble.

State News

4. Mandu Festival begins at Mandu, Madhya Pradesh

The first edition of Mandu Festival begins at Mandu, picturesque fort city of Madhya Pradesh. The event is organized by Madhya Pradesh Tourism Board. The festival will witness a celebration of the historic heritage blended with the modern vibrancy of the city culture.
The Mandu festival will offer an eclectic mix of performing arts, workshops, art installations, nature trails, walks, food, architecture and music to the visitors during the festival. The festival is based on the idea of “Khojne Me Kho Jao”.
The Mandu festival will redefine the essence of the city & bring about the joy of establishing a new tourism hub in the state.

Important takeaways for all competitive exams:

Chief Minister of Madhya Pradesh: Kamal Nath.
Governor of Madhya Pradesh: Lal Ji Tandon.

Banking & Economy News

5. RBI directs large UCBs to report exposures above Rs 5 cr to CRILC

The Reserve Bank of India has directed large cooperative banks to report all exposures of Rs 5 crore and more to the Central Repository of Information on Large Credits (CRILC).
The move is aimed at early detection of financial distress. The aggregate exposure will include all fund-based and non-fund based exposures like partial credit enhancement, including investment exposure on the borrower.
As per the new rules, Urban Cooperatives Banks are required to submit CRILC report on quarterly basis with effect from December 31, 2019.
The CRILC was created by the Reserve Bank of India. CRILC constitutes commercial banks, all India financial institutions and certain non-banking financial companies with multiple objectives, which, among others, include strengthening offsite supervision and early recognition of financial distress.

Important takeaways for all competitive exams:

RBI 25th Governor: Shaktikant Das; Headquarters: Mumbai; Founded: 1 April 1935, Kolkata.

Obituaries

6. Veteran Political cartoonist Vikas Sabnis passes away

Veteran Political cartoonist Vikas Sabnis has passed away recently. He recently completed 50 years of illustrious career in 2018. He was inspired by Bal Thackeray and RK Laxman.
He has also worked as a staff cartoonist at various newspapers, including the Times of India and the Mid-day. He made caricatures and political cartoons on various subjects and issues. These ranges from local to international levels.

Defence

7. IAF bids farewell to the iconic “MiG-27” fighter aircraft

The Indian Air Force bids farewell to the iconic “MiG-27” with a decommissioning ceremony at the Jodhpur air base. The Mig 27 is a soviet origin aircraft that was built under licence by HAL and became a part of the IAF strike fleet in 1985.
The jet contributed significantly in wars and peace-keeping operations and also emerged as the real hero in the 1999 Kargil war. It’s contribution in the Kargil war earned it the title ‘Bahadur’.

Important takeaways for all competitive exams:

Air Chief Marshal Rakesh Kumar Singh Bhadauria is the present Chief of the Air Staff.
Indian Air Force was founded on 8 October 1932.
Headquarters of IAF: New Delhi.

Miscellaneous

8. Raksha Mantri launches DefExpo 2020 mobile app

Raksha Mantri has launched the “DefExpo 2020” mobile app of the forthcoming DefExpo 2020. The app has been developed by Department of Defence Production, Ministry of Defence (MoD).
It provides detailed information about the daily events, participating exhibitors, Defence Public Sector Undertakings (DPSUs), guest speakers of seminars/webinars, publications, and directions of the venues and city weather. The main features of the app constitutes inform, engage and feedback.

Important takeaways for all competitive exams:

Union Defence Minister of India: Raj Nath Singh.

Books and Authors

9. A book titled “Politics of Opportunism” released by S Gurumurthy

Noted Economist and Political Analyst S Gurumurthy released a book titled “Politics of Opportunism: Regional Parties, Coalitions, Centre-State Relations In India”.
The book is authored by R P N Singh. The book throws light on the subject related to rise of regional parties and Centre-States relation.
RNP Singh is a former officer of the Intelligence Bureau, Government of India. He has also earned the coveted Presidents Police Medal, Indian Police Medal, the Sukriti and Kautilya awards for his distinguished services.

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