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Sunday, May 27, 2018

Daily GK Updates - 27th May, 2018


NATIONAL UPDATES:
1. Intra-state e-way bill comes into force : Maharashtra, Manipur & 5 union territories have rolled out intra-state e-way bill system for movement of goods worth over Rs 50,000 within the state.With this, the number of States, where the system is being implemented will go up to 27.E-Way Bill is an electronically generated document which is required to be generated for the movement of goods of more Rs. 50,000 from one place to another.

2.PM Modi launches Eastern Peripheral Expressway : PM Narendra Modi inaugurated India’s first highway to be lit by solar power in Bagpat, Uttar Pradesh.Eastern PeripheralExpressway is 135 km long, stretching from Kundli on NH 1 to Palwal on NH 2.The highway has provisions of rainwater harvesting on every 500 metres on both sides and would showcase 36 national monuments and 40 fountains.It has been built in a record time of 17 months.

3.India’s highest decorated general passed away : India’s most decorated General, Lt Gen Zorawar Chand Bakshi, also known as Zoru Bakshi passed away.Decorated with Maha Vir Chakra, Vir Chakra, Param Vishisht Seva Medal and Vishisht Seva Medal, Bakshi was instrumental in the historic capture of strategic Haji Pir pass from Pakistan army. He also took part in the World War II in the Burma in which he earned a Mention-in-Despatches.

4. Modi to inaugurate India’s 1st 14-lane highway : Prime Minister Narendra Modi will inaugurate the 1st phase of Delhi-Meerut Expressway.The Delhi-Meerut Expressway would be India’s first 14-lane highway.The expressway will do away with 31 traffic signals on the Delhi-Meerut road, the busiest highway in the region, and make it “signal free”.The project is being built in four segments and is expected to be fully completed by March 2019.

5. MHA creates new division for women safety : Ministry of Home Affairs has created a new division to deal with all issues of women safety in coordination with relevant ministries, departments and state governments.Punya Srivastava has been appointed as the Joint Secretary to head this division.The division will deal with all schemes under NIRBHAYA fund and Crimes against women, SCs & STs, children & elderly persons among others.

6. Insurance cover for all Telangana farmers : Telangana government has announced that it would provide life insurance cover of Rs 5 lakh each to all farmers in the state.The Telangana government has tied up with LIC for implementation of the scheme.Irrespective of the reasons due to which a farmer dies, the insured amount of Rs 5 lakh shall be paid to the nominee proposed by the insured farmer within 10 days of the claim.

7. Manipur gets first solar toilet : Manipur has become the 1st state in Northeast & the 3rd state in India to have solar toilets.It was inaugurated at Ibudhou Marjing hill Heingang by Tourism Director, Waikhom Ibohal.The solar panel, connected to the toilets, absorb heat to generate power & are efficient to transform waste material.Besides Manipur, these toilets have been installed in Tamil Nadu & Andhra-Pradesh.

                                  INTERNATIONAL UPDATES:
1. PM Modi, Hasina inaugurate Bangladesh Bhavan : Prime Minister Modi & his Bangladeshi counterpart Sheikh Hasina inaugurated the Bangladesh Bhavan in Santiniketan, West Bengal.Bangladesh Bhavan features a museum that showcases renowned poet Rabindranath Tagore’s association with that country, the Liberation War of Bangladesh & Indo-Bangla relations.It has been built at a cost of Rs. 25 crores, which was provided by Bangladesh government.

2. Colombia formally joins NATO : Colombia has decided to formally join the North Atlantic Treaty Organization (NATO).With this Colombia becomes the 1st Latin American nation to join NATO as a global partner.Colombia will join as a global partner, which means it will not necessarily have to take part in military action & will be fully accredited in Brussels.Other global partners include Mongolia, Iraq, Japan & Pakistan.

OTHER UPDATES:
BUSINESS/ECONOMY:
1. EPF interest rate hits 5-year low at 8.55% :The government has notified 8.55% interest rate on EPF for 2017-18, lowest in 5 years since the 2012-13fiscal.Employees’ Provident Fund is a mandatory contribution from the salary of an individual that every company which has more than 20 employees has to deduct.EPF accounts are overseen by the Employees’ Provident Fund Organisation, which is under the Ministry of Labour & Employment.

2. Hariri wins third term as Prime Minister: Lebanon’s Saad Hariri has won a new term as Prime Minister after he won the backing of the majority of parliamentarians.
It will be 3rd term for Hariri, who has held the position since December 2016 and was also Prime Minister between 2009 and 2011.Under Lebanon’s sectarian power-sharing system, Prime minister must be a Sunni Muslim, Speaker a Shia Muslim & President a Maronite Christian.

BANKING/FINANCE:
1. Yes Bank empanelled as ‘Settlement Bank’ : Yes Bank has received approval from National Stock Exchange to be empanelled as Settlement Bank for National Securities Clearing Corporation (NSCC), a wholly owned subsidiary of NSE.NSCC is responsible for clearing and settlement of all trades executed on NSE.The Bank is already an empanelled Clearing Bank for BSE, NCDEX & MCX.

DEFENCE:            
1. Rustom-2 drone to be delivered by 2020 : The Rustom-II Unmanned Aerial Vehicle, which is being developed by Defence Research and Development Organisation (DRDO), will be delivered to the armed forces by 2020.The drone is being developed for use by all 3 services of Indian Armed Forces, primarily for intelligence, surveillance and reconnaissance operations.It can fly at around 280 km/h and carry a variety of payloads

SPORTS:
1. Real Madrid won the 2017–18 Champions League : Real Madrid have claimed yet another Champions League title by beating Liverpool FC 3-1 in the final.It is the third consecutive year that Real Madrid have won the tournament and the fourth such in five years, taking their total tally to a record 13 titles.Madrid’s Gareth Bale became the first player ever to come on as a substitute and score twice in a European Cup/Champions League final.

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