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Saturday, August 6, 2016

Daily GK Updates - 5th August, 2016

NATIONAL UPDATES:
1. Vijay Rupani to be CM of Gujarat while Nitin Patel his Deputy: In a surprise move, BJP state chief Vijay Rupani has been named as the new Chief Minister of Gujarat while Nitin Patel as Deputy CM after a meeting of the BJP legislators at State Party headquarter.

2. First Tech Meet of Hydrocarbon Vision 2030: The first technology two-day meet under the Hydrocarbon Vision 2030 for Northeast India has begun in Guwahati and deliberate various issues regarding implementation of the document which envisages an investment of Rs 1,30,000 crore.

3. Goa to implement 7th Pay Commission from Nov 1: Goa Chief Minister LaxmikantParsekar has stated that the 7th Pay Commission recommendations would be implemented in the state from November 1st. While the pending arrears from January to October 2016 would be deposited in the employee provident fund (PF) and National Pension System (NPS).

4. Odisha opens 100 new multi-purpose calamity shelter units: Chief Minister Naveen Patnaik has dedicated 100 multi-purpose shelter houses to the people of Odisha for use during floods and cyclones with an aim to ensure zero casualty during calamities.


OTHER UPDATES:
FINANCE/BANKING:                                 
1. RBI imposes penalty on two cooperative banks of Chhattisgarh: Reserve Bank of India has imposed the penalty on two cooperative banks of Chhattisgarh under the Banking Regulation Act, 1949. The ZilaSahakariKendriya Bank Maryadit, Raipur, and Raipur Urban Mercantile Cooperative Bank Limited are the two on which RBI imposed the penalty of five lakh rupees each.

2. Corporation Bank launches group credit life insurance scheme: Mangalore-based mid-sized public sector bank, Corporation Bank has launched ‘group credit life insurance scheme’ of LIC of India in Mangaluru.

3. Vinod Rai steps down from IDFC Bank’s board: Former Comptroller and Auditor General (CAG) of India VinodRaihas stepped down from private sector lender IDFC Bank’s board. However, he will continue to be the non-executive independent chairman of IDFC Ltd.
  
SPORTS:
4. Nita Ambani elected as the first Indian woman member of IOC: Noted sports promoter and founder chairperson of Reliance Foundation, Nita Ambani has been elected as an individual member of International Olympic Committee. With this, she became the first Indian woman to join the prestigious body which governs Olympic sports in the world.

5. IBJA announces awards for Indian medal winners at Rio Olympics: India Bullion and Jewellers Association (IBJA) has announced 500 gms Sovereign Gold Bonds and silver to the Indian medal winners at the Rio 2016 Olympics. The Sovereign Gold Bonds of 500 gms will be awarded to the Gold Medal winners and 1 kg silver will be awarded to Silver Medal winners.

OBITUARIES:

6. Assamese Litterateur Mahim Bora passed away at the age of 92.

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