Current Affairs 09th February 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!!

Current Affairs 09th February 2018: Daily GK Update

National News

1. PM Modi 3 Nation Visit- Leaves for Palestine

i. Prime Minister Narendra Modi left for his three-nation visit to Palestine, the United Arab Emirates (UAE) and Oman.
ii. This is the first ever visit by an Indian Prime Minister to Palestine, and Prime Minister Modi's second visit to UAE and first to Oman.
iii. Prime Minister would be addressing the Sixth World Government Summit being held in Dubai, UAE at which India has been extended 'Guest of Honour' status.

Static/Current Takeaways Important for Syndicate Bank PO 2018 Exam-
  • Palestine Capital- East Jerusalem, Currency- Israeli new shekel (one of its 3).
  • The United Arab Emirates Capital- Abu Dhabi, Currency- United Arab Emirates dirham.
  • Oman Capital- Muscat, Currency- Omani rial.

2. India Ranks 44th in Global Intellectual Property Index, US Tops

i. India has increased “substantially” its score in the International Intellectual Property (IP) Index, ranking 44th among 50 nations, according to the US Chambers of Commerce report. Last year, India ranked 43rd out of 45 countries in the Index.
ii. The top 3 countries on the list are- The USA, The United Kingdom and Sweden.
iii. India’s overall score has increased substantially from 25% in the 5th edition of the Index to 30% in the 6th edition, according to the annual report prepared by the Global Innovation Policy Centre (GIPC) of the US Chambers of Commerce.

3. Defence Ministry Appoints Panel to Expedite Capital Acquisition for Armed Forces Modernisation

i. Defence Minister Nirmala Sitharaman has constituted a 13-member advisory committee to monitor and expedite capital acquisition projects for the modernisation of the armed forces. The committee will be headed by Vinay Sheel Oberoi, former secretary in the government.
ii. Under the terms of reference of the committee, the Ministry has to undertake an independent review and check the status of ongoing critical projects worth more than Rs 500 crore.

4. NHAI to Start 'pay as you use' Pilot Project on Delhi-Mumbai National Highways

i. The National Highways Authority of India (NHAI) will start a pilot project called "pay as you use" on the Delhi-Mumbai Highway to study and implement the ability of the system in the country. 
ii. The project to be run for one year involves implementing a satellite-based electronic toll collection system running on GPS/GSM technology for around 500 commercial vehicles on the Delhi-Mumbai National Highway. 

Static/Current Takeaways Important for Syndicate Bank PO 2018 Exam-
  • Nitin Jairam Gadkari is the present Minister for Road Transport & Highways.

5. South Central Railway Becomes 1st Rail Zone with 100% LED Lighting at Stations

i. The South Central Railway (SCR) has become the first railway zone in the country to complete 100% LED lighting at all the stations under its jurisdiction.
ii. It has attained the status of becoming the first zone in the Indian Railways to complete 100% LED lighting in all the 733 stations under its jurisdiction.

Static/Current Takeaways Important for Syndicate Bank PO 2018 Exam-
  • Piyush Goyal is the present Railways Minister of India.
  • John Mathai was the first railway Minister of Independent India.

6. RK Singh Launches ASH TRACK Mobile App for Better Management of FlyAash

i. Union Minister of State (IC) for Power and New & Renewable Energy, Shri R.K Singh, launched a Web-based monitoring System and a Fly Ash mobile application named ASH TRACK.
ii. These platforms will enable better management of the ash produced by thermal power plants by providing an interface between fly ash producers (Thermal Power Plants) and potential ash users such as – road contractors, cement plants etc.

Banking/Business News

7. CCI Slaps Rs 136 crore Fine on Google for Unfair Business Practices

i. The Competition Commission of India (CCI) has imposed a fine of around Rs. 136 crores on search engine major Google for unfair business practices in the Indian market for online search.
ii. The penalty is being imposed on Google for infringing anti-trust conduct. It was alleged that Google is indulging in abuse of dominant position in the market for online search through practices leading to search bias and search manipulation, among others.

Static/Current Takeaways Important for Syndicate Bank PO 2018 Exam-
  • CCI Chairperson- Devender Kumar Sikri, Head Office- New Delhi.

8. IndusInd Bank Launches New Sonic Identity, A musical Logo

i. IndusInd Bank launched its new Sonic Identity, which is essentially a musical logo called 'MOGO', as part of its branding initiatives.
ii. The objective for associating to a sonic identity is building the Bank's brand imagery with the strategic use of music and sound for brand experiences and audience connection.

Static/Current Takeaways Important for Syndicate Bank PO 2018 Exam-
  • IndusInd Bank commenced operations in 1994
  • IndusInd Bank Chairman- R. Seshasayee, Headquarter- Mumbai, Owner- Hinduja Group.


Appointments

9. PepsiCo CEO Indra Nooyi Becomes ICC's 1st Independent Female Director

i. PepsiCo Chairman and CEO Indra Nooyi has been appointed as the International Cricket Council's (ICC) first-ever independent female director. Nooyi will join the cricket body in June 2018 for a 2-year term.
ii. The introduction of an Independent Director, who must be female, was approved by the ICC in June 2017, aimed at improving the global governance of the sport.

Static/Current Takeaways Important for Canara Bank PO 2018 Exam-
  • ICC Chairman- Shashank Manohar, Headquarters- Dubai, The UAE.

10. Hardayal Prasad Appointed SBI Card MD & CEO

i. SBI Card, the country's second-largest credit card issuer, has appointed Hardayal Prasad as new Managing Director (MD) & Chief Executive Officer (CEO) of the company. 
ii. He has replaced Vijay Jasuja.

Static/Current Takeaways Important for Canara Bank PO 2018 Exam-
  • HDFC Bank is India's largest credit card issuer.

Sports News

11. Khelo India School Games Concludes; Haryana Tops Medal Tally

i. The first Khelo India School Games concluded in New Delhi with sports powerhouse Haryana topped the overall medal tally. The state won 102 medals which include 38 gold and 26 silver.
ii. Maharashtra with 110 medals (36 of them gold) finished second while Delhi with 94 medals came third. Sports Minister, Col Rajyavardhan Rathore presented the top State Haryana with the glittering trophy.

Static/Current Takeaways Important for Syndicate Bank PO 2018 Exam-
  • Anu Kumar of Uttarakhand grabbed the first gold medal of the Khelo India School Games in 1500 metres Race.
  • Malivika Bansood won the last gold medal for the state in the girl's badminton singles final.

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