Current Affairs 11th January 2018: Daily GK Update

Dear Aspirants,

The General Awareness Section of Banking Exams covers numerous sections in it like Banking Awareness, Static GK, and Current Affairs. But the most important thing that you might have noticed is that both the Banking Awareness and Static Awareness questions asked in the General Awareness Section are based on Current Affairs only. The questions on Static and Banking Awareness are related to the countries, events or anything that has been in news for a while. Apart from the GA Section, an excellent knowledge of current news also helps you deal with the PI (Personal Interview) more efficiently so you do not give a mumble jumble answer to the interviewee's simple questions. Here is the Daily GK Update to get you acquainted with the top events that made the headlines today!!




National News

1. President Ram Nath Kovind Inaugurated 4th International Dharma Dhamma Conference

i. President Ram Nath Kovind inaugurated a three-day International Dharma-Dhamma conference at Rajgir in Bihar.
ii. The inaugural session was chaired by Mr Kovind. The conference was attended by Sri Lanka’s foreign Minister Tilak Marapana.

Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-
  • Bihar Governor- Satya Pal Malik, Chief Minister- Nitish Kumar. 

2. UIDAI Introduces ‘Virtual ID’ to Strengthen Privacy and Security of Aadhaar Data

i. The Unique Identification Authority of India (UIDAI) has introduced a concept of 'Virtual ID' to further strengthen privacy and security of Aadhaar number holders. The Aadhaar number holder can use 'Virtual ID' in place of an Aadhaar number whenever authentication or KYC services are performed.
ii. Aadhaar card holder can generate the Virtual ID from UIDAI website and give for various purposes, including SIM card verification, instead of sharing the actual 12-digit biometric ID.

Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-
  • UIDAI Chief Executive Officer(CEO)- Ajay Bhushan Pandey, Headquarters- New Delhi.

3. Ministry of Railway Launches SFOORTI Application

i. The Ministry of Railways has launched Smart Freight Operation Optimisation & Real Time Information (SFOORTI) App for Freight Managers which provides features for monitoring and managing freight business using Geographic Information System (GIS) Views and Dashboard.
ii. The major digital initiative is to help plan the traffic flows and optimize freight operations.

Salient features of SFOORTI Application are as below:
  1. With this application, movement of freight trains on Geographic Information System (GIS) view can be tracked.
  2. Both passenger and freight trains can be tracked over Zones/Divisions/ Sections in single GIS View.
  3. Comparative Analysis of Zonal/Divisional Traffic.
  4. This app provides a Bird’s eye view of all Freight Assets in a single window.
Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-
  • John Mathai was the first Railway Minister of Independent India.
  • Piyush Goyal is the present Railway Minister of India. 

International News

4. Jeff Bezos Becomes Richest Person Surpassing Bill Gates: Bloomberg Report

i. Jeff Bezos, founder and CEO of Amazon has become the richest man in the history, overtaking the wealth Bill Gates ever had to his name, according to the Bloomberg Billionaires Index. The Index showed that Bezos' net worth had hit USD 105.1 billion.
ii. According to Forbes' tracker, most of Bezos' wealth comes from his 78.9 million shares of Amazon stock. According to Bloomberg Billionaires Index, the top 3 richest people in the world are Jeff Bezos, Bill Gates and Warren Buffett.

5. South Korea, GCCI Sign MoU for Business Cooperation

i. An official delegation from South Korea and the Gujarat Chamber of Commerce and Industry (GCCI) signed a MoU for co-operation between industries in Gujarat and the East Asian country, with a focus on automobile, defence and textiles sectors.
ii. The main objective of the MoU is to help Gujarat-based small and medium enterprises (SMEs) to explore opportunities through joint ventures with South Korean firms, especially in areas of automobile, defence and textiles.

Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-
  • Gujarat CM- Vijay Rupani, Governor- Om Prakash Kohli.

Appointments

6. IOA Appoints Harjinder Singh as 'Chef de Mission' for Winter Olympics 2018

i. The Indian Olympic Association (IOA) appointed Harjinder Singh as the Chef De Mission for the 23rd Winter Olympic Games to be held in Pyeongchang, South Korea in February 2018.
ii. Harjinder Singh is at present the General Secretary in the Ice Hockey Association of India.

Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-
  • IOA President- Narinder Dhruv Batra.

7. Indian-Origin Businessman Sunny Verghese Appointed WBCSD Chairman

i. Singapore-based Indian-origin businessman Sunny Verghese has been appointed as the Chairman of the Geneva-based World Business Council for Sustainable Development (WBCSD).
ii. He succeeded Paul Polman. Verghese, Co-Founder and the CEO of Singapore's agri-business group Olam International Limited, is the first WBCSD Chair from the agri-sector.

Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-
  • WBCSD CEO and President- Peter Bakker.

8. Dr Sivan K Appointed New ISRO Chairman

i. Noted rocket scientist Sivan K was appointed as the 9th chairman of Indian Space Research Organisation (ISRO). He has replaced A.S. Kiran Kumar.
ii. The appointment has been made for the tenure of three years. Sivan was the Director of Vikram Sarabhai Space Centre, Kerala. Sivan joined the ISRO in 1982 in Polar Satellite Launch Vehicle (PSLV) project.

Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-
  • ISRO was established in 1969.
  • Founder and 1st Chairman of ISRO- Vikram Ambalal SarabhaiHeadquarters in- Bengaluru, Karnataka.

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