Sunday, 3 September 2017

Current Affairs: Daily GK Update 03rd September 2017

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Study Daily Current Affairs from Daily GK Update on Bankersadda and Adda247 app, and stay updated as well as prepare for General Awareness section of bank exams. It's time to gear up your preparations for IBPS RRB PO and with the daily dose of current affairs, you can easily prepare G.A and score well.

Current-Affairs-Daily-GK-Update



Piyush Goyal has been appointed as the Union Railway Minister after being inducted into the Union Cabinet. He replaced former Railway Minister Suresh Prabhu, who had earlier offered to resign following multiple train derailments. Further, Nirmala Sitharaman was given the Defence Ministry, becoming only the second woman to hold the post after Indira Gandhi.

Nirmala Sitharaman emerged as the biggest gainer of the cabinet reshuffle as Prime Minister Modi gave her the heavyweight Defence portfolio.

You Must Read Takeaways from Above News-
  • Piyush Goyal was elected unopposed to Rajya Sabha from Maharashtra.
  • Nirmala Sitharaman was elected from Karnataka as Rajyasabha member.


Nine new Ministers of state were inducted into the Union Council of Ministers. Four Ministers of state were elevated to the cabinet rank. They are Minister of State for Commerce and Industries Nirmala Sitharaman, Minister of State for Petroleum and Natural Gas Dharmendra Pradhan, Minister of State For Power, Coal, New and Renewable Energy and Mines, Piyush Goyal and Minister of State for Minority Affairs Mukhtar Abbas Naqvi. President Ram Nath Kovind administered the oath of office and secrecy to them at Rashtrapati Bhavan. The portfolios of the Ministers will be announced later.

Here is the 9 New Ministers, who take oath-

1. Former IFS officer Hardeep Puri
2. Former Mumbai Police chief Satyapal Singh 
3. Former IAS officer Alphons Kannanthanam
4. Lok Sabha MP's from Madhya Pradesh Virendra Kumar
5. From Karnataka Anant Kumar Hegde 
6. From Rajasthan Gajendra Singh Shekhawat 
7. From Bihar Ashwini Kumar Choubey 
8. From Bihar Raj Kumar Singh and 
9. Rajya Sabha MP from Uttar Pradesh Shiv Pratap Shukla 


The government has issued an alert on the spread of new malware 'Locky Ransomware' that can lock computers and demand ransom for unlocking them. Electronics and IT Additional Secretary Ajay Kumar tweeted that an alert regarding spam spreading Locky Ransomware was issued by Indian Computer Emergency Response Team.

Ransomware is a malicious software and the Locky Ransomware is learnt to be demanding the ransom of half Bitcoin, which at present rate is equivalent to over Rs 1.5 lakh. 


Five banks of the BRICS Bank Cooperation Mechanism have agreed to establish credit lines in the national currencies and cooperate on credit ratings. The agreement to this effect was signed ahead of the BRICS Summit in China’s Xiamen city. 

Brazilian Development Bank, Vnesheconombank, Export-Import Bank of India, China Development Bank and Development Bank of South Africa signed the agreement in Beijing. Ahead of the BRICS summit, the New Development Bank (NDB) of the BRICS countries has approved 1.4 billion US dollar loans for sustainable development projects in India, Russia and China.

You Must Read Takeaways from Above News-
  • China is hosting the 9th BRICS Summit.
  • The theme of the 9th BRICS Summit is "Stronger Partnership for a better future".
  • The BRIC, comprising, Brazil, Russia, India and China formally came into existence in 2006 and its first Summit was held in 2009. 
  • South Africa was admitted in 2011 and it became BRICS.


Hockey India has sacked national coach Roelant Oltmans after a string of unimpressive outings at the international level. High-Performance Director David John will be in charge till a suitable replacement is found for a smooth transition of the men’s team.

The decision was taken during the three-day meeting of the Hockey India High Performance and Development Committee, which concluded.  

You Must Read Takeaways from Above News-
  • South Korea is hosting the Winter Olympics at Pyeongchang in 2018, while Tokyo, Japan hosts the 2020 Summer Olympics before the winter games go to Beijing, China in 2022.
  • Harbinder Singh is chairman of the Hockey India Selection Committee.
  • Hockey India is recognised as National Sports Federation by the Ministry of Youth Affairs & Sports, Government of India. It was formed on 20th May 2009.


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