February 2018

1st February 2018

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 Affairs01st February 2018: Daily GK Update

National News


1. Union Budget 2018-19: Complete Analysis

Budget 2018 Takeaways-
i. As per the FM in the Union Budget, India is expected to become the fifth largest economy very soon.
ii. The Growth rate is expected between 7.2-7.5% in the second half of 2017-18.
iii. Exports are expected to grow 15% in 2018.


2. India Slips to 42nd Place on EIU Democracy Index, Norway Tops

i. India has slipped to 42nd place on an annual Global Democracy Index according to the data compiled by the Economist Intelligence Unit (EIU). India has moved down from 32nd place last year.
The top 5 Countries in the list are- 
  1. Norway,
  2. Iceland,
  3. Sweden,
  4. New Zealand and
  5. Denmark.
ii. The index ranks 165 independent states. The list has been divided into four broad categories- full democracy, flawed democracy, hybrid regime and authoritarian regime. North Korea is ranked the lowest at 167th, while Syria is a notch better at 166th place.

Banking/Business/Economy News
3. FY16 GDP Growth Revised up to 8.2%, FY17 Unchanged at 7.1%- CSO
i. The Central Statistics Office (CSO) revised the gross domestic product (GDP) growth rate for 2015-16 to 8.2% from the earlier estimates of 8% and kept the 2016-17 growth unchanged at 7.1%. The real GDP or GDP at constant (2011-12) prices for the years 2016-17 and 2015-16 stand at Rs121.96 trillion and Rs113.86 trillion respectively, according to the CSO statement.

ii. In terms of real gross value added (GVA), it stated that the GVA at constant (2011-12) basic prices grew 7.1% in 2016- 17, as against a growth of 8.1% in 2015-16.

Static/Current Takeaways Important for Syndicate Bank PO 2018 Exam-
  • Mr Arun Jaitley is the present Finance Minister of India.
4. World Bank Commits $100 million to Boost Tamil Nadu’s Rural Economy
i. The government and World Bank signed a $100 million (about Rs 6,40 crore) loan agreement to promote rural economy in selected blocks of Tamil Nadu across 26 districts, benefiting over 4 lakh people.
ii. The funding aimed at promoting rural enterprises, facilitate their access to finance and create employment opportunities for youth particularly women.
Static/Current Takeaways Important for Syndicate Bank PO 2018 Exam-
  • Jim Yong Kim is the 12th President of the World Bank Group.
  • World Bank Headquarters in Washington DC, USA.
Appointments
 
5. Lt. Gen Anil Chauhan Takes Charge as DGMO of Indian Army
i. Lt. Gen Anil Chauhan took charge as the new Director General of Military Operations (DGMO) of the Indian Army. He succeeds Lt General A K Bhatt.

ii. Lt Gen Chauhan has held several important posts in the Army and is known for his expertise in counter-insurgency operations in Jammu and Kashmir and the Northeast.

Static/Current Takeaways Important for Syndicate Bank PO 2018 Exam-
  • General Bipin Rawat is the present Chief of Army Staff.
Obituaries
 
6. World’s Oldest Man Passes Away at 113
i. The world’s oldest man Francisco Nunez Olivera has died just over a month after celebrating his 113th birthday.
ii. He passed away in Spain where he had lived throughout his life. He was born on December 13, 1904.

2nd February 2018

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 02nd February 2018: Daily GK Update

National News


1. India Joins Ashgabat Agreement

i. India has joined Ashgabat Agreement on the establishment of an International Transport and Transit Corridor between the Iran, Oman, Turkmenistan and Uzbekistan.
ii. According to the External Affairs Ministry, the accession to the Agreement would diversify India’s connectivity options with Central Asia and have a positive influence on its trade and commercial ties with the region.

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

  • Iran Capital- Tehran, Currency- Iranian rial.
  • Oman Capital- Muscat, Currency- Omani rial.
  • Turkmenistan Capital- Ashgabat, Currency- Turkmenistan manat.
  • Uzbekistan Capital – Tashkent, Currency- Uzbekistani som.


2. Cochin Shipyard Limited Signs MoU with Russian Firm USC

i. Cochin Shipyard Limited (CSL) and  Joint Stock Company United Shipbuilding Corporation (USC), Russia have signed an MoU to collaborate and engage in Design, Development and Execution of contemporary, State-of-Art vessels for Inland and Coastal Waterways.
ii. The MoU will give a push to the  Government’s Make-in-India programme, as also its plans to develop eco-friendly and economic transportation along India’s inland waterways and coastal shipping routes under SAGARMALA.

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

  • Chairman & Managing Director, Cochin Shipyard Limited- Shri Madhu S Nair.
  • United Shipbuilding Corporation President- Alexey Rakhmanov.
  • Sagarmala Program aims to promote port-led development in the country.
  • The concept of Sagarmala was approved by the Union Cabinet on 25th March 2015.

3. 7th India Energy Congress Held in New Delhi

i. The 7th India Energy Congress was held in New Delhi. The theme of the 7th edition of India Energy Congress is ‘Energy 4.0: Energy Transition Towards 2030’.
ii. The India Energy Congress is the flagship event of World Energy Council India (WEC India) and joint event of ministries of power, coal, new & renewable energy, petroleum & natural gas, external affairs and Department of Atomic Energy.



4. 32nd Surajkund International Crafts Mela Begins

i. The 32nd Surajkund International Crafts Mela has begun in Faridabad, Haryana. The Mela is organized by the Surajkund Mela Authority and Haryana Tourism.
ii. The 17-day cultural extravaganza will see a spectacular showcase of regional and international crafts, handlooms, traditions along with some mouth-watering multi-cuisine food for the visitors. This year Uttar Pradesh is the theme state and Kyrgyzstan is the Partner Nation.

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

  • Kyrgyzstan Capital: Bishkek, Currency: Kyrgyzstani som.
International
 
5. UAE Launches World’s Longest Zip Line
 
i. The United Arab Emirates has made a record by opening the world’s longest zip line, measuring 2.83 km in length. Guinness World Records officials certified the zip line in Ras al-Khaimah.
ii. The Jebel Jais Flight takes thrill-seekers atop the country’s largest mountain peak, from a launch pad 1,680 meters (5,512 feet) above sea level.
Static/Current Takeaways Important for Syndicate Bank PO 2018 Exam-
  • UAE Capital- Abu Dhabi, Currency- UAE dirham.
6. Rwanda Becomes 1st Poor Country to Provide Eye Care For All
i. Rwanda has become the first low-income country to provide universal eye care for its 12 million population.

ii. The government has partnered with the organisation Vision for a Nation (VFAN) to train more than 3,000 eye care nurses based in 502 local health centres, prescribing glasses and referring those with serious eye problems to national clinics.

Static/Current Takeaways Important for Syndicate Bank PO 2018 Exam-
  • The country ranks 159th on the Human Development Index.
  • Rwanda Capital- Kigali, Currency- Rwandan franc, President- Paul Kagame.
  • Rwanda’s minister of Health- Diane Gashumba.
 
Banking News
7. IOB Receives Rs173 cr Capital Infusion from Government
i. Indian Overseas Bank (IOB) has received Rs173.06 crore capital infusion from the government in the current fiscal.
ii. In a regulatory filing, IOB has received as the contribution of the central government in the preferential allotment of equity shares of the bank as government’s investment during the 2017-18 fiscal.

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

  • IOB MD & CEO- R. Subramaniakumar, Headquarters- Chennai.
Appointments
 
8. IOA Joint Secretary Vikram Singh Sisodia Named Chef-de-Mission for CWG
i. The Indian Olympic Association (IOA) appointed its joint secretary Vikram Singh Sisodia as the Chef-de-Mission for the upcoming Commonwealth Games to be held in Gold Coast, Australia.

ii. The IOA also appointed three team managers to accompany Sisodia and help him in the day-to-day duties during the Games. Sisodia is also currently the president of Chhattisgarh State Tennis Association.

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

  • The 21st Commonwealth Games will be held from April 4 to 15 in Gold Coast, the second largest city in Australia.
  • IOA President- Narinder Dhruv Batra, IOA Secretary- General Rajeev Mehta.
9. Neelam Kapur Appointed DG of Sports Authority of India
i. Senior-most Indian Information Service (IIS) officer Neelam Kapur was appointed Director-General of Sports Authority of India (SAI).
ii. She is at present the Principal Director General of the Directorate of Field Publicity (DFP). It is for the first time that an IIS officer has been appointed as SAI chief. The post is usually held by an Indian Administrative Service (IAS) officer.

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

  • Till now, Sports Secretary Rahul Bhatnagar was looking after the post of SAI DG.
Awards
 

10. Magahi Writer Shesh Anand Madhukar Awarded Sahitya Akademi’s Bhasha Samman

i. Magahi writer Shesh Anand Madhukar, who has been working extensively for the development of the language, was honoured with this year’s Sahitya Akademi Bhasha Samman award.
ii. The second writer of Magahi language to be given the award, Madhurkar was conferred the award, comprising a Rs 1 lakh cheque and a memento, by Sahitya Akademi President Vishwanath Prasad Tiwari.
Static/Current Takeaways Important for Syndicate Bank PO 2018 Exam-
  • Some of the important works of Shesh Anand Madhukar in Hindi are “Magahi Kavita Ke Bimb”, “Eklavya”, and “Bhagwan Birsa”.
 
Sports
 
11. India Open Boxing: Mary Kom Clinches Gold, India Bag 10 Medals
i. The five-time World Champion MC Mary Kom claimed the gold medal in the India Open International Boxing tournament at Thyagraj Indoor Stadium in New Delhi.
ii. She defeated Josie Gabuco from the Philippines in a split 4-1 decision to grab the gold in the women’s 48kg weight category.
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