Daily GK Updates - 8th April, 2018

NATIONAL UPDATES

1. India’s forex reserves at all time high: The country’s foreign exchange reserves hit a life-time high of 424.361 billion US dollar. Previously, the reserves had touched a record high of 421.914 billion dollar on February 9, 2018. Gold reserves remained unchanged at 21.614 billion US dollar.

2. Anushka Sharma wins Dadasaheb Excellence Award: Anushka Sharma will be awarded the Dadasaheb Phalke Excellence Award 2018 for being a path-breaking producer. The actress has been appreciated for breaking new grounds as a film producer, along with her brother Karnesh Sharma. Three movies produced by Anushka, NH 10, Phillauri and Pari belonged to three different genres, thriller, romance and horror.

3. Tripura launches the state version of PMKVY: Tripura Chief Minister Biplab Kumar Deb has launched the state component of Pradhanmantri Kaushal Vikas Yojna (PMKVY) in Agartala. He has assured that the target to give training to more than 1 lakh 16,000 youths by 2020 will be achieved. Tripura is the first state in the country to implement pilot project for accreditation for skilled candidates.

4. Kerala to issue brain death certificate: Kerala has become the first state to adopt a standard operating procedure (SOP) for determining brain death cases. According to the SOP, a medical board comprising four doctors-at least one should be from the government service-will be authorised to declare a patient brain dead. To check any misuse, the SOP defines brain dead and state of coma in detail.

INTERNATIONAL UPDATES

1. UK’s first permanent Middle East military base: UK has opened its first permanent military base in the Middle East in more than 4 decades in the Persian Gulf country of Bahrain. The £40m UK Naval Support facility ‘Jufair’ at Mina Salman will be staffed by up to 500 soldiers, sailors and airmen. Both the countries hope that this base will increase military cooperation between the Royal Navy and its Bahraini counterpart.

2. Japan activated its 1st marine unit since WW2: Japan has activated its 1st marine unit since 2nd World War to counter invaders from occupying Japanese islands. The Amphibious Rapid Deployment Brigade is the latest component of a growing marine force that includes amphibious ships & assault vehicles. After WW2, a clause was written into Japan’s constitution which stated that armed forces with potential to wage war would not be maintained.

OTHER UPDATES

DEFENCE:

1. Indo-Korean joint exercise SAHYOG- HYEOBLYEOG: Indo-Korean joint anti-piracy, search & rescue exercise ‘SAHYOG- HYEOBLYEOG 2018’ was conducted off the Chennai coast. The joint exercise is a part of ongoing cooperative arrangements b/w the 2 coast guards for the past 12 years. The exercise aims to develop working level co-operation & enhance inter-operability in the fields of maritime search & rescue, anti-piracy operations.

SCIENCE / TECHNOLOGY:

1. NASA’s first flight to Sun: NASA’s Parker Solar Probe — humanity’s first mission to the Sun — is undergoing final preparations. The mission is scheduled for launch on July 31, 2018. Parker Solar will orbit directly through the solar atmosphere – the corona – closer to the surface than any human-made object has ever gone.

BANKING / FINANCE:

1. ICICI Bank becomes the first bank to live on SWIFT’s new payment service: ICICI Bank has become first Indian bank to go live on SWIFT’s Global Payment Innovation, an improved cross-border payments service. The service enables real-time payments tracking across correspondent banks & has a facility to track payments instructions across correspondent banks globally. The announcement of the service comes weeks after the discovery Rs 12,900-crore Nirav Modi scam at PNB

BUSINESS / ECONOMY:

1. CCI may be a trouble for Flipkart-Amazon merger: The possible coming together of online retailers Amazon and Flipkart is likely to face close scrutiny on competition issues.

Engaged in intense competition, home-grown Flipkart and Amazon India are leading players in the Indian online retail market place. The combined market share of the two parties, which is around 80 percent is most likely to  pose challenges to the deal.

Daily GK Updates - 15th March, 2018

NATIONAL UPDATES

1. Asia Pacific Regional Conference (IACP) inaugurated: Home Minister Rajnath Singh inaugurated the two-day Asia-Pacific Regional Conference of the International Association of Chiefs of Police (IACP) in New Delhi. The theme of the conference is "Challenges to Policing in 2020 - How is Cyber Space shaping our approach to Cybercrime and Terrorism, how do we perform within it and take advantage of it".

2. India offers Madagascar USD 80 million LoC: India has decided to offer Madagascar a USD 80 million Letter of Credit (LoC) for agriculture and mechanization. Madagascar is straddled in the Indian Ocean and alongside the strategic Mozambique channel. The island country is the fourth largest in Africa, in terms of size. Madagascar is also a member of the International Solar Alliance (ISA).

3. India ranks 78th on energy transition index: India has been ranked at 78th among 114 countries on the World Economic Forum’s (WEF) energy transition index. The index listed countries based on their ability to balance energy security, environmental sustainability and affordability. The overall list was topped by Sweden, followed by Norway at the 2nd position and Switzerland at the 3rd rank.

4. IATA partners with civil aviation ministry: The International Air Transport Association (IATA) has signed a Memorandum of Understanding (MoU) with the Ministry of Civil Aviation and the National Aviation University to enhance human resource availability in India’s aviation industry. The 3 parties to the MoU formalised this partnership on sidelines of Wings India 2018. India is expected to be 3rd largest aviation market in the world.

5. AYUSH Drug QOL-2C for Cancer Patients: Central Council for Research in Ayurvedic Sciences (CCRAS) has undertaken the development of a coded drug AYUSH QOL-2C for cancer patients. The clinical studies were conducted at St. John’s Medical College, Bengaluru and AIIMS, New Delhi in breast cancer patients. The study was also conducted at Bhagwan Mahaveer Cancer Hospital and Research Centre, Jaipur in lung cancer patients.

6. Double Taxation Avoidance Agreement between India and Iran: The Union Cabinet has approved an Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes on income between India and Iran. The Agreement will stimulate flow of investment, technology and personnel from India to Iran & vice versa. The agreement will improve transparency in tax matters and will help curb tax evasion and tax avoidance.

INTERNATIONAL UPDATES

1. First-ever female director of CIA: Gina Haspel, the newly nominated first-ever female director of the Central Intelligence Agency (CIA), is a career intelligence officer with more than 30 years' experience. Ms. Haspel, 61, has extensive overseas experience and has served as chief of the station on several postings. Her leadership positions in Washington include deputy director of the National Clandestine Service - the CIA agent that co-ordinates clandestine operations - and chief of staff for the director of the National Clandestine Service.

2. India and Madagascar ink deal: India and Madagascar have signed an agreement under which, both the countries will explore various ways of co-operation in the field of defence. An amended air service agreement was also signed to support efforts towards improving connectivity between the two countries. The Madagascar President decorated President Ramnath Kovind with second highest civilian honour Grand Cross.

3. Damascus the cheapest and Singapore the costliest city in the world: New Delhi, Bangalore and Chennai are among the cheapest cities in the world, according to an Economist Intelligence Unit’s “The Worldwide Cost of Living” survey. Syria’s capital, Damascus is the cheapest city in the world. Singapore is the world’s most expensive city.

The Worldwide Cost of Living is a biannual survey that compares 400 individual prices across 160 products and services.

4. Finland is the happiest nation on earth-UN Report: Finland has overtaken Norway to become the happiest nation on earth, according to the UN’s 2018 World Happiness Report. Burundi in East Africa is the unhappiest place in the world. For the first time, the UN also examined the happiness levels of immigrants in each country. The World Happiness Report is an annual publication from the UN Sustainable Development Solutions Network.

OTHER UPDATES

DEFENCE:

1. IAF lands its heaviest aircraft, C-17 Globemaster, in Arunanchal Pradesh: The Indian Air Force (IAF) for first time flawlessly landed its largest transport US-manufactured aircraft, C-17 Globemaster at strategic Tuting Advanced landing ground in Arunachal Pradesh. The landing of this aircraft is seen as part of IAF’s move to strengthen its overall operations in the border state. The aircraft is used for airlift missions, transporting troops and cargo.

BUSINESS / ECONOMY:

1. Amazon’s debit card launched: Amazon.com Inc launched its first-ever debit card in Mexico, part of a push to encourage shoppers without bank accounts to buy online. Part of the challenge is attracting consumers who are wary of online fraud and do not have access to credit and debit cards. Less than a third of adults in Mexico have credit cards, according to a 2017 government report.

Daily GK Updates - 14th March, 2018

NATIONAL UPDATES

1. Finance Bill passed in Lok Sabha: With the passage of the Finance Bill and the Appropriation Bill, the budget exercise is complete in the lower house. A Finance Bill is presented in Parliament along with the Annual Financial Statement in lieu of fulfilling the requirement of Article 110 (1)(a) of the Constitution. The Finance Bill also contains other provisions related to the Budget can be classified as a Money Bill. It is noteworthy that a Money Bill can originate in Lok Sabha only.

2. Belagavi hoists India’s tallest flag: India’s tallest national flag was unfurled in Belagavi (also known as Belgaum) in Karnataka. The flag in Belgaum is much larger than the one at the India-Pakistan border at Attari in Punjab. The flag is reported to be 110 m high from the base plate to the top, with a size of 120×80 ft.

3. World Hindi Secretariat building opened in Mauritius: President Ram Nath Kovind inaugurated the World Hindi Secretariat building in Mauritius on his visit to the country.

He also launched the World Hindi Secretariat’s logo, an Early Digital Learning Programme and laid foundation stones of a social housing project and a large ENT hospital being built with Indian assistance.

4. Delhi Energy Dialogue 2018 starts: Dharmendra Pradhan, Minister for Petroleum and Natural Gas, will inaugurate the Delhi Energy Dialogue 2018, on March 14, organised by Ashden India Collective (AIC) in alliance with Climate Parliament. “Delhi Energy Dialogue” is an initiative to promote sustainable solutions for better lives. Established in 2010, AIC helps to increase access to energy for India’s rural poor.

5. India’s largest wind turbine generator S128 commissioned: Renewable solution provider Suzlon Group announced the installation and commissioning of its new product “S128” claiming it to be the largest wind turbine generator in India. The first prototype of S128 has been commissioned at the Sanganeri site in Tamil Nadu. This has the country’s largest single rotor blade measuring 63 metres and reduced levelised cost of energy.

6. Foreign law firms or foreign lawyers can’t practise in India: The Supreme Court ruled that foreign law firms or foreign lawyers cannot practise law in the country either on the litigation or non-litigation side. This means overseas lawyers or firms cannot open offices in the country, appear in courts or before any authority or render other legal services. But overseas lawyers can fly in, fly out for a temporary period to give advice.

7. IOC, Tata Motors flag off country’s first hydrogen-fuel bus: Indian Oil Corporation Ltd and Tata Motors have launched the trial demonstration of the country’s first hydrogen fuel cell bus. The project is being executed with financial support from the Department of Science and Industrial Research, Ministry of Science and Technology and the Ministry for New and Renewable Energy. The vehicle will be fuelled at the hydrogen dispensing facility at IndianOil.

INTERNATIONAL UPDATES

1. Pi Day celebrated: Google has dedicated a doodle to mark 30 years of “Pi Day”, a day first recognised by physicist Larry Shaw in 1988 to honour the mathematical constant. Pi is used in every field of science as it’s used for calculations involving the volume and surface area of spheres. The first Pi Day was held at a San Francisco Science Museum in 1988.

2. Bidhya Devi Bhandari gets second term as Nepal President: Nepal’s incumbent President Bidhya Devi Bhandari has been elected for a second term, extending the tenure of the Himalayan country’s first female head of state for another five years. With this President Bhandari is the first President of federal Nepal. She is also the first Nepali woman to be elected as the country’s president twice.

3. Saudi Arabia approves Nuclear Power Program National Policy: Saudi Arabia’s cabinet approved the national policy of its atomic energy programme as the kingdom prepares to award contracts for its first nuclear power plants. The policy insists on limiting nuclear activities to peaceful purposes and for enhanced safety measures and safe disposal of nuclear waste.

OTHER UPDATES

SCIENCE / TECHNOLOGY:

1. Newton-Bhabha Fund for arsenic research: An India-UK Joint Team has won the Newton-Bhabha Fund for a project on Groundwater Arsenic Research in Ganga River Basin. The Department of Science and Technology has undertaken the project with the Natural Environment Research Council, UK, to find solutions to the water challenges faced in the arsenic-affected Ganga River. The project will begin from Bijnor and Varanasi in Uttar Pradesh.

BUSINESS / ECONOMY:

1. BHEL secures order from NPCIL: Bharat Heavy Electricals has secured a significant order worth Rs.736 Crore for supply of Steam Generators from Nuclear Power Corporation of India (NPCIL). The Steam Generators will be used for a 700 MWe Pressurised Heavy Water Reactor to be installed at Gorakhpur Haryana Anu Vidyut Pariyojna in Fatehabad district of Haryana. The Steam Generators will be manufactured at the Tiruchirappalli.

BANKING / FINANCE:

1. RBI discontinues LOUs/LOCs issuance: The Reserve Bank of India (RBI) has scrapped the issuance of Letters of Undertaking (LOUs) and Letters of Comfort (LOCs) for trade credit for imports with immediate effect. Banks will continue to issue guarantees and letter of credit for trade purposes which are the international norm. A letter of credit is secure because it has the details of the expiry date and the material purchase.

OBITUARIES:

1. Black Hole scientist ‘Stephen Hawking’ passes away: Stephen Hawking, the British Physicist and the black hole theorist have died on 14th March. Hawking’s redefined cosmology by proposing that black holes emit radiation and later evaporate. He is also the author of the best-selling book, “A Brief History of Time”.

Daily GK Updates - 13th March, 2018

NATIONAL UPDATES

1. Mahanadi Water Disputes Tribunal formed: The Centre constituted a three-member Mahanadi Water Disputes Tribunal to adjudicate the dispute between Odisha and Chhattisgarh over sharing the river's water. Supreme Court Judge AM Khanwilkar will be the Chairman of the tribunal, with Justice Ravi Ranjan of the Patna High Court and Justice Indermeet Kaur Kochhar of the Delhi High Court being the other two members.  The apex court had sought to refer the dispute to a Tribunal for adjudication under the Inter-State River Water Disputes Act, 1956.

2. Medal for Excellence in Police Investigation: The Government has approved to institute the “Union Home Minister’s Medal for Excellence in Police Investigation” to promote high professional standards of Investigation of Crime in the State/UT Police and Central Investigating Agencies. A total of 162 medals will be awarded every year. The names of awardees will be declared on 15th August every year.

3. Sitanshu Kar becomes the new PIB Chief: All India Radio’s News Services Division (NSD) director general Sitanshu Kar will be the next head of the Press Information Bureau (PIB). Kar, a senior Indian Information Service (IIS) officer, will take charge as PIB head on May 1. Doordarshan News DG, Ira Joshi will hold additional charge of DG of AIR’s NSD with immediate effect.

INTERNATIONAL UPDATES

1. A USD 100 m Line of Credit to Mauritius: India announced a new Line of Credit of USD 100 million for defense procurement by Mauritius as the two sides signed many agreements on the second day of President Ram Nath Kovind's visit. The agreements were signed after President Kovind held delegation-level talks with Mauritius Prime Minister Pravind Jugnauth and members of his Cabinet. 

2. Anti-Defection Bill approved in Maldives: The Maldives Parliament has approved the anti-defection bill with retrospective effect amidst the boycott by opposition MPs. According to the bill, MPs elected on political party tickets will lose their seat if they leave their party, get expelled, or switch parties.  The bill would take effect from 13th July 2017, meaning that the 12 MPs that switched to the Opposition last year would lose their seats. The bill was passed with 35 votes as opposition MPs continued to boycott the settings.

3. Vietnam’s Nguyen crowned “Miss International Queen”: Vietnam’s Nguyen Huong Giang has been crowned this year’s “Miss International Queen” in Thailand at one of the world’s top beauty pageants for transgender women. The winner fended off 26 competitors, from different parts of the world, to clinch the coveted crown. The popular contest has been running since 2004.

4. World Ocean Summit 2018 concluded in Mexico: World Ocean Summit was held recently in Mexico’s Riviera Maya. The summit is for business, government and environmental leaders to talk about the problems faced by the world’s seas and to come up with solutions to protect the planet’s vast ocean resources. World Ocean Summit’s vision is of an ocean with robust health and vital economy.

OTHER UPDATES

SCIENCE / TECHNOLOGY:

1. New planets found near our solar system: A new planet near the habitable zone around a bright cool star has been found. The scientists have confirmed the existence of 15 new planets – including one ‘Super-Earth’ that could harbour liquid water – orbiting small, cool stars near our solar system. These stars, known as red dwarfs, are of enormous interest for studies of planetary formation and evolution, the study states.

DEFENCE:

1. India tops list of arms and ammunition buyers: Arms import by India increased by 24% between 2008-2012 and 2013-2017 period as per data on international arms transfers released by International Peace Research Institute. India is followed by Saudi Arabia, Egypt, UAE, China, Austrailia, Algeria, Iraq, Pakistan and Indonesia as the world top importers. The largest arms suppliers to India are Russia (62%), US (15%) and Israel (11%).

BANKING / FINANCE:

1. ICICI Bank launches online overdraft facility for MSMEs: ICICI Bank has launched instant overdraft ‘InstaOD’ facility for MSME (Micro, Small and Medium Enterprises) customers in a completely online and paperless manner. Customers can get overdraft facility up to Rs 15 lakh for a year anytime, anywhere using the bank’s Internet and mobile banking app. The new facility will enable a few lakh of pre-qualified current account customers of the bank to instantly avail of the facility without visiting a branch and submitting physical documents. ICICI Bank will also offer the facility for instant online sanction of the overdraft facility to MSME customers of other banks shortly.

2. SBI reduces non-maintenance charges in Savings Accounts: The country’s largest lender, SBI State Bank of India slashed charges for non-maintenance of Average Monthly Balance (AMB) in savings accounts by nearly 75 percent. The revised charges will be effective from April 01, 2018 and will benefit over 25 crore customers. The charges for non-maintenance of AMB for customers in Metro and Urban centers have been reduced from a maximum of Rs 50 per month to Rs 15 per month. Similarly, for Semi-Urban and Rural centers, the charges have been reduced from Rs 40 every month to Rs 12 and Rs 10 GST charges will be applicable over and above the rates specified above.

Daily GK Updates - 5th March, 2018

NATIONAL UPDATES

1. Silver Jubilee of Losar festival celebrated: Buddhist Community of Itanagar celebrated the silver jubilee of the Losar Festival. The festival was full of cultural presentations from across the state, including the colourful Bhutanese and the Gorkha Cultural programs. For the locals, Losar gives them a good harvesting year ahead. For the Buddhist community, the festival is termed as the ‘New Year’ according to their Buddhist calendar.

2. KHUSHI Scheme launched by Odisha: The Odisha government launched KHUSHI scheme to provide free sanitary napkins to school girls across the state.  The scheme will be implemented by the health and family welfare department of the state at a cost of 70 crores per year. Under the scheme, the state will provide free sanitary napkins to 17 lakh girls studying in Classes 6 to 12 in government and government-aided schools. The announcement was made by the CM of Odisha Naveen Patnaik.

3. Smiriti Irani inaugurates the FICCI Frame: Information and Broadcasting Minister Smiriti Irani inaugurated 2018 edition of FICCI Frame in Mumbai. This year a maiden edition of Content Market has been added with over 70 buyers for a curated slate of new Indian Films. The event will have more than 35 knowledge sessions by experts besides having over 200 high profile speakers from across the world.

4. Conrad Sangma to be the next CM of Meghalaya: National People’s Party (NPP) President Conrad Sangma will be the new chief minister of Meghalaya. NPP came out as the second largest party with 19 seats in the recently held elections which threw a hung verdict. He will replace congress leader Mukul Sangma.

5. “Arogya Karnataka” Scheme launched: Karnataka Chief Minister Siddaramaiah unveiled a healthcare scheme named 'Arogya Karnataka' (Healthy Karnataka) aimed at benefitting about 1.43 crore households in the state. It will provide quality primary, secondary and tertiary treatment to both below-poverty-line (BPL) and above-poverty-line (APL) families in the state. Through the scheme, all households will get free treatment at government hospitals while for households, the state will bear about 30% of the treatment cost.

INTERNATIONAL UPDATES

1. The Shape of Water wins the Best Picture Award at Oscars: The Shape of Water has won the Oscar for best picture at the 90th Academy Awards. The Shape of Water is American fantasy drama film directed by Guillermo del Toro and written by del Toro and Vanessa Taylor. Set in Baltimore in 1962, the plot follows a mute custodian at a high-security government laboratory who falls in love with a captured humanoid-amphibian creature.

2. Merkel secures fourth term in power as the Chancellor of Germany: Angela Merkel has secured her 4th term in power after Social Democratic party agreed to form another “grand coalition” govt. with conservative Christian Democratic Union. The decision ends almost 6 months of political uncertainty in Germany, the longest time the country has been without a govt in its post-war history. The deal will form her third grand coalition during her time as the Chancellor.

3. India is the 12th largest holder of US securities: India’s exposure to US government securities rose sharply to a high of $144.7 billion at the end of 2017. In 2017, China was the largest holder of US government securities with holdings to the tune of $1.18 trillion, followed by Japan at $1.06 trillion.

4. Hindu woman elected to Pakistan’s senate: Krishna Kumari Kohli from Pakistan’s Sindh province has become the first ever Hindu Dalit woman Senator. She is a member of Bilawal Bhutto Zardari-led Pakistan People’s Party. Her election represents a major milestone for women & minority rights in Pakistan. She has actively participated & worked for the rights of downtrodden people of marginalised communities living in Thar and other areas.

5. Oscar Complete List of Winners: The 90th Annual Academy Awards (also known as Oscar Awards) were held at the Dolby Theatre in Los Angeles, the USA. The Shape Of Water won the top prize - Best Picture. Jimmy Kimmel hosted the ceremony for the second year in a row. He has become the first host since Billy Crystal to do it again.

1.    Best Picture    The Shape Of Water 2.    Best Director    Guillermo del Toro, The Shape Of Water 3.    Best Actress    Frances McDormand, Three Billboards Outside Ebbing, Missouri 4.    Best Actor    Gary Oldman, Darkest Hour 5.    Best Supporting Actress   -Allison Janney, I, Tonya 6.    Best Supporting Actor    Sam Rockwell, Three Billboards Outside Ebbing, Missouri 7.    Best Original Screenplay    Get Out 8.    Best Adapted Screenplay    Call Me By Your Name 9.    Best Animated Feature Film    Coco 10.    Best Foreign Language Film    A Fantastic Woman, Chile 11.    Best Original Score    The Shape Of Water 12.    Best Original Song    Remember Me, Coco 13.    Best Documentary Feature    Icarus 14.    Best Documentary Short    Heaven Is A Traffic Jam On The 405 15.    Best Live Action Short    The Silent Child 16.    Best Animation Short    Dear Basketball 17.    Best Sound Editing    Dunkirk 18.    Best Sound Mixing    Dunkirk 19.    Best Production Design    The Shape Of Water 20.    Best Cinematography    Blade Runner 21.    Best Makeup And Hair    Darkest Hour 22.    Best Costume Design   Phantom Thread 23.    Best Film Editing    Dunkirk 24.    Best Visual Effects    Blade Runner

OTHER UPDATES

SCIENCE / TECHNOLOGY:

1. Bandicoot robot developed to eradicate manual scavenging: The Bandicoot Robot, developed by a start-up in Kerala, GenRobotics, is a semi-automatic robotic system for manhole and sewer line cleaning. Kerala Startup Mission (KSUM), a start-up incubator under the Kerala government, funded the project proposed by GenRobotics to find a solution for manual scavenging. Kerala will become the first state in India to be manual scavenging-free.

2. NASA to launch TESS for the discovery of planets: Launching in April on a two-year primary mission, the observatory could ultimately discover 20,000 planets. Transiting Exoplanet Survey Satellite (TESS) will operate as a kind of exoplanet surveillance camera, making its journey around Earth every 13.7 days. The target area for the TESS mission doesn’t exceed 300 light-years distant from Earth.

DEFENCE:

1. DefExpo to be organized: DefExpo 2018 will, for the first time, project India’s Defence manufacturing capabilities to the world. DefExpo 2018 will brand India as a defence exporter of several defence systems and components for all three Services – Army, Navy and Air Force. The DefExpo is being held on sea-shore, along the East Coast road enroute Chennai to Mahabalipuram.

BANKING / FINANCE:

1. RBI tightens PSL norms for banks: RBI has tightened priority sector lending norms for foreign banks by directing them to create sub-targets so that they lend a portion of their loans to small & marginal farmers as well as MSMEs. Move is directed at foreign banks with over 20 branches & will come into force from next financial year. PSL norms mandate foreign banks to lend 40% of their total loan book to the priority sector.

SPORTS:

1. Viswanathan Anand won Rapid event: Viswanathan Anand won the rapid event at the 11th Tal Memorial chess in Moscow. Anand finished with six points out of a possible nine, scoring four wins and four draws. Anand defeated Ian Nepomniachtchi, Alexander Grischuk and Daniil Dubov of Russia and Hikaru Nakamura of United States en route to his final score.

2. Dhoni becomes brand ambassador of Dream 11: Mahendra Singh Dhoni, has become a brand ambassador of gaming platform Dream11. Dhoni will be the new face of the gaming platform’s multi-channel marketing campaigns and brand engagement activities.

Currently the gaming platform has an user base of 2 crore sports fans playing “fantasy cricket, football, kabaddi and NBA.

Daily GK Updates - 4th March, 2018

NATIONAL UPDATES

1. Odisha Govt Launches ‘Ama Gaon, Ama Vikas’ Programme: The Odisha government has launched a programme Ama Gaon, Ama Vikas (our village, our development) to reach out to the people in rural areas and involve themselves in the developmental activities. Chief Minister Naveen Patnaik flagged off mobile video vans for ‘Ama Gaon Ama Vikas’ programme that will move across the State to highlight various welfare schemes at villages in the state.

2. BJP won Tripura for the first time: The BJP defeated the CPI(M) in Tripura to form the state government for the first-ever time after winning 35 seats. The CPI(M), which ruled the state for 25 years, reportedly won 16 seats in the 60-member Assembly with 43% vote share. BJP-ally Indigenous People’s Front of Tripura (IPFT) won 8 seats after fielding candidates in 9 constituencies.

3. BJP,NDPP claim stake to form govt. in Nagaland: The BJP and NDPP met Nagaland Governor PB Acharya to stake claim to form the state govt. The NDPP-BJP has secured a simple majority of 32 out of 60 seats.

4. Hung Assembly in Meghalaya, Congress the single largest party: Meghalaya faces a hung state Assembly after no party won the required 31 seats to form the government in the 60-member Assembly. The Congress, which has ruled the state for 10 years, won the maximum of 21 seats, followed by the National People’s Party which won 19 seats. The BJP secured two seats in the state Assembly.

INTERNATIONAL UPDATES

1. Actor-politician Shatrughan Sinha Wins Lifetime Achievement Award in UK: Actor-politician Shatrughan Sinha has been honoured with a lifetime achievement award for his contribution to the fields of arts and politics at a ceremony in the UK’s Parliament complex. The annual ‘Political and Public Life Awards’ presented by Britain’s Asian Voice weekly newspaper recognises individuals who have made a significant impact on public life or made a difference in their local communities.

2. World Wildlife Day 2018 celebrated: On 20 December 2013, at its 68th session, the UN General Assembly proclaimed 3 March – the day of signature of the CITES as UN World Wildlife Day. This day was proclaimed to celebrate and raise awareness of the world’s wild animals and plants. The theme for World Wildlife Day 2018 is ‘Big Cats’.

OTHER UPDATES

SCIENCE / TECHNOLOGY:

1. NASA finds water on Saturn-mass planet: Using NASA’s Hubble and Spitzer space telescopes, astronomers have found evidence of water in the atmosphere of a Saturn-mass exoplanet some 700 light-years away.The planet, WASP-39b, has three times as much water as Saturn does, which suggests it developed far away from its host star, where it was bombarded by a lot of icy material, said NASA.

DEFENCE:

1. ICG C-162: Bharati Defence delivers interceptor boat to Coast Guard: Bharati Defence and Infrastructure Ltd (BDIL) delivered high-speed interceptor boat ICG C-162 to Indian Coast Guard (ICG) at BDIL jetty in Mangaluru, Karnataka. It is fifth interceptor boat delivered by BDIL’s Mangaluru shipyard to ICG. The sixth boat will be delivered after three-and-a-half months of the delivery of the fifth boat. The vessel will be based at Kochi, Kerala and will be used for patrolling purposes.

SPORTS:

1. Rizvi sets world record in his first-ever World Cup: Indian shooter, Shahzar Rizvi clinched the gold medal with a world record score in a memorable maiden ISSF World Cup appearance, while Jitu Rai grabbed bronze in the same event. He shot a world record 242.3 in the 10m air pistol event’s final to beat reigning Olympic champion Christian Reitz of Germany, 239.7, to win the top prize. Mehuli Ghosh added another medal to India’s tally as she shot world junior record score to win bronze in the women’s 10m air rifle event.

2. India wins IBSF Snooker Team World Cup: The Indian Snooker team has lifted the first edition of IBSF Snooker Team World Cup title and won the prize money of $15,000. The Indian duo of Pankaj Advani and Manan Chandra defeated Pakistan (Muhammad Asif, Babar Masih) in the best-of-five final played in Doha.

Daily GK Updates - 3rd March, 2018

NATIONAL UPDATES

1. World’s largest solar park, Shakti Sthala, inaugurated: The Karnataka government inaugurated the first phase of a 2,000 megawatts (MW) solar park in the drought-prone district, Tumkur. The first phase of the Rs. 16,500 crore park called “Shakti Sthala” will generate 600MW, while the balance 1,400MW is expected to be commissioned by the end of 2018. The solar project is the largest in the world and is spread over 13,000 acres and five villages. It is part of the “Karnataka Solar Policy 2014-2021” which aims to decrease dependence on traditional power sources and move to environmentally friendly ones to meet the growing power needs of the state.

2. UDAY Scheme in Lakshwadeep: Lakshadweep has joined hands with the UDAY scheme which is meant for the revival of debt-stressed power distribution companies (discoms) in the country. The Memorandum of Understanding was signed in this regard with the UT’s Electricity Department. The Union Territory will have an overall benefit of around Rs 8 crore that would provide ways of cheaper funds, reduction in AT&C losses, and intervention in energy efficiency. Initiating mandatory distribution transformer metering, consumer indexing, consumer indexing and GIS mapping of losses and various other requirements will help eliminate the gap between cost of supply of power and realization.

3. Indian companies to participate in the Rooppur Project: Indian companies can now participate in the construction and installation works in the “non-critical” category of the Rooppur nuclear power plant in Bangladesh, according to the Russian atomic energy agency ROSATOM.  The Rooppur project is the first initiative under an Indo-Russian deal to undertake atomic energy projects in third-world countries. This will also be the first time that the Indian companies will be able to participate in a nuclear power project abroad. India, Bangladesh, and Russia signed an agreement in this regard in Moscow, Russia.

4. International Yoga festival at Parmth Niketan: Vice President M. Venkaiah Naidu arrived at Parmath Niketan in Rishikesh to attend the International Yoga Festival. The festival is being attended by National and International participants.  Naidu said India has become the spiritual leader in the world. The purpose of the festival is to make the people aware about Yoga and its benefits.

5. No transaction fees on rail tickets booked with debit card: The Indian Railways has announced that Merchant Discount Rate (MDR) charges won’t be levied on passengers for booking railway tickets through debit cards.

These transactions include those made at the railway ticketing counters as well as through IRCTC ticketing website.

INTERNATIONAL UPDATES

1. Armen Sarkisian-new President of Armenia: He will succeed Serzh Sarkisian. Armen Sarkisian was the ambassador to the United Kingdom. He will assume presidential duties after his predecessor steps down in April 2018. The political shift comes after President Sarkisian, in 2015 initiated, controversial constitutional amendments to turn the impoverished Moscow-allied country into a parliamentary republic with a powerful Prime Minister.

OTHER UPDATES

SCIENCE / TECHNOLOGY:

1. NASA launches advanced weather satellite GOES-S: NASA launched another of the world’s most advanced weather satellites, this time to safeguard the western US. The GOES-S satellite marched towards the orbit aboard an Atlas V rocket. GOES-S is the second satellite in an approx. $11 billion effort that’s already revolutionising forecasting with astonishingly fast, crisp images of hurricanes, wildfires, floods, mudslides and other natural calamities.

DEFENCE:

1. Paschim Lehar, a naval exercise, concludes: Paschim Lehar, a three-week tri-service maritime exercise off India’s western coast, in which several ships, submarines and fighter aircraft participated, has concluded. The objective of the exercise, which commenced on February 12, was to build interoperability. Over 40 naval assets including the aircraft carrier INS Vikramaditya, participated in it.

2. INSV Tarini reaches Cape Town: An all-women crew leading the INSV Tarini docked at a port in Cape Town in South Africa, in the last phase of its maiden voyage to circumnavigate the globe. This is the first-ever Indian circumnavigation of the globe by an all-women crew. The vessel is skippered by Lieutenant Commander Vartika Joshi.

BANKING / FINANCE:

1. RBI lifts per-borrower loan cap for MSMEs: RBI has decided to do away with the per borrower loan limits to Micro/ Small and Medium Enterprises for classification under priority sector lending (PSL). In view of the increasing importance of the services sector and to encourage banks to lend more to this sector, the step was taken. So far, loans to Micro/ Small and Medium Enterprises up to ₹5 crore and ₹10 crore, respectively, were classified as PSL.

2. ICICI and PNB hike rate: The Punjab National Bank (PNB) and the ICICI Bank have hiked the MCLR rates. ICICI Bank raised the one-year MCLR from 8.2% to 8.3%. The PNB, also increased one-year MCLR to 8.3% from 8.15%.

SPORTS:

1. Navjot Kaur wins Gold for India at Asian Wrestling Championship: Navjot Kaur clinched the first gold medal for India in the Asian Wrestling championship in Bishkek, Kyrgyzstan. She defeated Imai Miyu of Japan in the final of women’s 65 kg freestyle. With 1 gold, 2 silver, and 1 bronze medal, India was at the second spot in the medals tally. Vinesh Phogat and Pinki of Indian Railways claimed silver medals while Sakshi Malik won a bronze in the 62-kilogram category. China is leading the table with 4 gold and 1 bronze medal while Japan was at the third place with 1 gold, 1 silver, and 2 bronze medals.

2. Venkatesh Prasad quits as BCCI Junior National Selection Committee Chairman: Former India pacer Venkatesh Prasad submitted his resignation from the post of chairman of the junior national selection committee.

Prasad cited personal reasons for stepping down. He has worked as the head of the committee for 30 months.

3. Sultan Azlan Shah Cup begins: The 27th Sultan Azlan Shah Cup Hockey tournament began in the Malaysian city of Ipoh. Six nations – India, hosts Malaysia, defending champions England, Australia, Argentina and Ireland – are taking part in the tournament. India, currently the world number six, will take on world number two Argentina in their opening round-robin match.

Daily GK Updates - 2nd March, 2018

NATIONAL UPDATES

1. NFRA establishment approved: Union Cabinet has approved the establishment of National Financial Reporting Authority (NFRA). NFRA will act as an independent regulator for the auditing profession which was one of the key changes brought in by the Companies Act 2013. The Cabinet also gave nod to the Fugitive Economic Offenders Bill – 2018 to deal with those escaping overseas to avoid getting caught.

2. Rs. 2900 Crores under Nirbhaya fund approved for women safety: Women and Child Development Ministry has approved projects worth over Rs 2,900 crores under the Nirbhaya fund for eight major cities to make them safer for women. These cities are Delhi, Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad, Ahmedabad and Lucknow.

3. Cabinet Approves Anti-Trafficking Bill Draft: The Union Cabinet okayed the draft Trafficking of Persons (Prevention, Protection and Rehabilitation) Bill. National Investigation Agency (NIA) will be the nodal authority for probing cases of human trafficking. It also proposes a punishment of life imprisonment for repeat offenders.

4. Vinay Kumar appointed as ambassador to Afghanistan: Senior diplomat Vinay Kumar has been appointed as India’s ambassador to Afghanistan, succeeding incumbent Manpreet Vohra. Mr. Kumar, a 1992 batch Indian Foreign Service officer, is currently serving as Joint Secretary in the headquarters of the External Affairs Ministry here.

5. CMFRI launches e-com portal and a mobile app for fishermen: Central Marine Fisheries Research Institute (CMFRI) has come up with a solution to help fishermen fetch better price for their catch without depending on middlemen. The institute has developed a multi-vendor e-commerce website and mobile app to help fish farmers and fishermen sell their catch directly to customers online. The website, www.marinefishsales.com, and mobile app, marinefishsales, were developed under National Innovation under Climate Resilient Agriculture (NICRA) project of the CMFRI.

6. Hetero Healthcare launches HIV treatment drug in India: Hetero Healthcare Ltd. said it had launched generic anti-retroviral fixed-dose combination of ‘Emtricitabine & Tenofovir Alafenamide in India. The medication is indicated in combination with other anti-retroviral agents for the treatment of HIV-1 infection in adults and pediatric patients 12 years of age & older. The product will be marketed and distributed under the brand name ‘TAFERO-EM’.

7. Phirangipuram to be the third all-women rail station in the country: An all-women railway station is launched at Phirangipuram, Guntur, Andhra Pradesh. The railway station on the Guntur-Narsaraopet line would be handed over to an all-women crew. It will be third-of-its-kind railway station in the country after Jaipur’s Gandhi Nagar and Mumbai’s Matunga.

INTERNATIONAL UPDATES

1. President of Vietnam on a three day visit: President of Vietnam, Tran Dai Quang arrived in India on a three-day visit.  Mr. Quang will first visit Bodh Gaya before coming to New Delhi. He will meet President Ram Nath Kovind tomorrow and also hold talks with Prime Minister Narendra Modi. External Affairs Minister Sushma Swaraj and Lok Sabha Speaker Sumitra Mahajan will also call on the visiting dignitary.  The Vietnamese President will also have an interaction with prominent Indian businessmen. The visit aims to further deepen the comprehensive strategic partnership between the two countries.

2. Office of Missing Persons launched in Sri Lanka: Sri Lanka has appointed commissioners to a special panel tasked with investigating war-era disappearances. The Office of Missing Persons was officially launched by President Maithripala Sirisena. The country’s Parliament agreed two years ago to the first steps toward reconciling its war-era past tracing about 20,000 people who went missing during 37 years of fighting.

3. India welcomes Afghanistan’s peace offer: India welcomed Afghanistan President Ashraf Ghani’s outreach to the Taliban at the Second Kabul Conference. Afghan government’s called to armed groups to cease violence and join national peace and reconciliation process that would protect the rights of all Afghans.

OTHER UPDATES

DEFENCE:

1. Anti-Tank Guided Missile Nag tested successfully: The Anti-Tank Guided Missile (ATGM) Nag was successfully flight-tested in desert conditions against two tank targets at different ranges and timings. As the developmental trials of the missile have been completed, it is now ready for induction in the Army. It is the third-generation fire-and-forget ATGM developed by the DRDO.

BANKING / FINANCE:

1. SBI hikes lending rate: The State Bank raised its lending rates by 20 basis points to 8.15%, with immediate effect, setting the tone for the industry to follow suit. This is likely to make home and car loans costlier. This is the first lending revision by the bank since April 2016 and comes a day after it massively raised the retail and bulk deposit rates.

2. IndusInd Bank And Ripple tie-up: IndusInd Bank announced its partnership with Ripple to facilitate payments into and out of India. With this affiliation, RippleNet can now provide instant access in emerging markets such as India, Brazil and China.

SPORTS:

1. Vinesh wins Silver at Asian Wrestling Championship: India's star wrestler Vinesh Phogat has settled for Silver Medal in the 50kg Freestyle competition at the Asian Wrestling Championship in Kyrgyzstan.  In the final of the event at Bishkek lost to China's Chun Lei. Another Indian, Sangeeta claimed Bronze in the 59kg division.  Along with these two medals, India's medal tally has reached four in the ongoing championships.

2. IOC restores Russia’s Olympic membership: The International Olympic Committee has restored Russia’s Olympic membership, following its suspension from the Winter Olympics at Pyeongchang in South Korea. Russia was banned from February’s Games by the IOC over state-sponsored doping. Before closing ceremony of Winter Olympics, the IOC had stated that the ban would be lifted, as long as there were no more anti-doping violations.

Daily GK Updates - 2nd January, 2018

NATIONAL UPDATES

1. Devendra Fadnavis orders judicial inquiry into Bhima-Koregaon clashes: Maharashtra Chief Minister Devendra Fadnavis on Tuesday said that a judiciary inquiry has been ordered into the violence that erupted at the bicentenary celebrations of the historic 1818 battle of Bhima-Koregaon. Around three lakh people had gathered (for the battle’s bicentenary celebrations).

2. Saubhagya Yojana launched by Jharkhand CM: Jharkhand CM Raghubar Das launched “Saubhagya Yojana”. It is a programme that would provide electricity to all the 29,376 villages in the state.

3. Parliament passes Insolvency and Bankruptcy Code Amendment Bill: The objective of the Bill is to allow creditors to move to the National Company Law Tribunal incase of insolvency. Finance Minister Arun Jaitley said the government has entered into an unchartered territory as far as Insolvency and Bankruptcy Code is concerned and would continue to modify the law dealing with the issue.

4. 2018 declared as Telugu promotion year by Andhra Pradesh CM: Andhra Pradesh Chief Minister N. Chandrababu Naidu declared 2018 as Telugu promotion year. He made this announcement at 29th edition of Annual Book Exhibition of Vijayawada.

5. Surajkund crafts mela – UP declared as theme state: The Haryana tourism department disclosed that Uttar Pradesh would be the theme state for the 32nd Surajkund International Crafts Mela. It would be organized at Surajkund, Faridabad from February 2 to 15. Apart from all other states, about 24 countries would also participate in it.

6. NARI Portal launched: Women and Child Development Minister Maneka Gandhi inaugurated an online portal NARI in New Delhi for the empowerment of women. The portal will provide women with easy access to information on government schemes and initiatives for women. The portal summarises over 350 government schemes and other important information.

INTERNATIONAL UPDATES

1. US Prez Trump threatens to withhold aid to Pakistan: Donald Trump started the new year by threatening to withhold aid to Pakistan, a longtime US ally. He said that “Islamabad is giving us nothing but lies and deceit” and “thinking of our leaders as fools”. He believes that Pakistan is giving safe haven to the terrorists.

2. Saudi Arabia, UAE Introduces VAT: Saudi Arabia and the United Arab Emirates introduced value-added tax. This is first in the Gulf which has long prided itself on its tax-free, cradle-to-grave welfare system. The five percent sales tax applies to most goods and services and analysts project that the two governments could raise as much as $21 billion in 2018, equivalent to 2 percent of GDP.

3. California’s new law on cannabis use: California has become the largest state in the US to legalise recreational cannabis use. As of 1 January 2018, adults aged over 21 can possess up to an ounce (28 grams) of the drug and can grow up to six marijuana plants at home.

OTHER UPDATES

SCIENCE/ TECHNOLOGY:

1. Ginger species found in the northeast: Scientists have discovered two new species of Ginger in easternmost districts, Ukhrul in Manipur and Tuensang in Nagaland. Hedychium chingmeianum, the species discovered in Tuensang district, is an epiphytic plant and grows on tall trees, while Caulokaempferia dinabandhuensis was found growing in rock crevices. Two BSI scientists, Nripemo Odyou and Dilip Kumar Roy, found the plant.

BUSINESS/ ECONOMY:

1. Debit card transactions up to Rs 2,000 to be free: Customers will not have to pay any transaction charges for payments through debit card, BHIM app and other payment made for up to Rs 2,000. The move will have an impact of Rs 2,512 crore on the exchequer.

2. Pankaj Jain becomes IIFCL MD: Pankaj Jain, Joint Secretary in the Department of Financial Services (DFS), has assumed charge as the Managing Director of India Infrastructure Finance Company Ltd (IIFCL).  IIFCL is a state-owned company focused on infrastructure financing and development.

SPORTS:

1. Shiv Kapur Wins Royal Cup at Pattaya: Indian golfer Shiv Kapur won the Royal Cup at Pattaya. The 35-year-old, who had just one win in almost 11 years till April 2017, has now won three times in last eight months. This latest title marks Shiv Kapur’s fourth Asian Tour win and sixth international title.