Daily GK Updates - 9th November, 2016

NATIONAL UPDATES:

1. Rs 500 and Rs 1000 notes invalid now: Prime Minister NarendraModi talked about fighting corruption and black money during his address to the nation. In a major step to check black money, the prime minister announced demonetization of Rs 500 and 1000 currency notes from 8th November midnight. The RBI has issued new series of notes for 500 rupees and 2000 rupees denomination with improved features and newer sizes.

2. Government to open Pradhan Mantri Kaushal Vikas Kendra in every LS constituency: The Centre has decided to open Pradhan Mantri Kaushal Vikas Kendra in every Parliamentary Constituency to impart skill training to the people and make them employable.

3. President of India inaugurated Diamond Jubilee Celebrations of ECGC: The President of India, Shri Pranab Mukherjee inaugurated the Diamond Jubilee Celebrations of Export Credit Guarantee Corporation of India Limited (ECGC) on November 8, 2016) in New Delhi.

4. India’s first LNG powered bus rolls out in Kerala: India’s first liquefied natural gas-driven bus has been launched in Kerala. Union Petroleum and Natural Gas Minister Dharmendra Pradhan and Kerala Chief Minister Pinarayi Vijayan jointly flagged off the first pilot run eco-friendly bus.

5. Amitav Ghosh to be honoured with Tata Literature Live! Lifetime Achievement Award: Acclaimed Indian American fiction author Amitav Ghosh, 60, has been named for 2016 Tata Literature Live! Lifetime Achievement Award, in recognition of his outstanding contribution to the Indian literary space.

OTHER UPDATES:

FINANCE/BANKING:                                 

1. UCO Bank to raise Rs 271 crore equity from LIC: UCO Bank has announced that it would raise Rs.271 crore from Life Insurance Corporation of India in preferential allotment of equal shares at Rs.37.74 apiece.

2. Asian Development Bank $48 million loan to help Assam improve power distribution: This is the second tranche loan of the USD 300 million multi-tranche financing facility for the Assam Power Sector Investment Programme that was approved by the ADB Board in July 2014.The project will help Assam to enhance capacity and efficiency of its power distribution system to improve electricity service to end user. 

3. Corporation Bank has signed a memorandum of understanding (MoU) with the Indian Army on the defence salary package.

OBITUARIES:

4. Janet Reno, first female US attorney general, dies: Janet Reno, the first woman to be appointed as Attorney General of US, passed away as a consequence of Parkinson’s disease. She was 78.