Current Affairs 23rd 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 23rd February 2018: Daily GK Update

National News

1. Asian Development Bank and India Sign $84 Million Loan for Water Supply in Bihar

i. The Government of India and Asian Development Bank (ADB) signed a $84 million loan for improvement and expansion of water supply in Bhagalpur and Gaya towns in Bihar.
ii. The tranche 2 loan is part of the $200 million multi-tranche financing facility (MFF) for the Bihar Urban Development Investment Program that was approved by ADB in 2012.
iii. The loan will have a 25-year term, including a grace period of 5 years, an annual interest rate determined in accordance with ADB’s lending facility based on the London interbank offered rate (LIBOR), and a commitment charge of 0.15% per year.

Static/Current Takeaways Important for Syndicate Bank PO 2018 Exam-
  • Founded on 19 December 1966 ADB has its Headquarter in Manila, Philippines.
  • President of ADB is Takehiko Nakao.

2. NER’s 1st Regional Centre for Agriculture with Israeli Collaboration to be Inaugurated in Mizoram

i. Israeli Ambassador to India, Mr Daniel Carmon has stated that a Centre for Agriculture, with the collaboration of Israeli expertise, is going to be inaugurated in Mizoram in March 2018.
ii. This will be the first such centre in the North East region (NER) of India that is being established with Israeli collaboration. It has been set up at a cost of Rs 8-10 crore.

Static/Current Takeaways Important for Syndicate Bank PO 2018 Exam-
  • Mizoram CM- Lal Thanhawla, Governor- Lt. General (Retd.) Nirbhay Sharma.
  • Dampa Wildlife Sanctuary (TR) and Khawnglung Wildlife Sanctuary are situated in Mizoram.

3. Parivartan Scheme Launched in Haryana

i. The Haryana government launched Parivartan, a scheme designed to address 10 issues, including cleanliness and pollution, in 46 developmental blocks of the state. The scheme was launched by Chief Minister Manohar Lal Khattar.
ii. The important issues include facilitation of financing, making agriculture profitable and sustainable, improving health services, and implementing Swachh Bharat.

Static/Current Takeaways Important for Canara Bank PO 2018 Exam-
  • Sultanpur National Park and Kalesar National Parks are situated in Haryana. 

4. Manohar Parrikar Presents Rs 17,123-crore Goa Budget

i. Goa Chief Minister Manohar Parrikar presented in the state assembly Rs. 17,123-crore budget for 2018-19, an increase of 6.84% over the ongoing fiscal.
ii. The Budget focuses on education and job creation.

Static/Current Takeaways Important for Syndicate Bank PO 2018 Exam-
  • Governor of Goa- Mridula Sinha.
  • Bhagwan Mahavir (Mollem) National Park is situated in Goa.

5. India Signs MoU with Canada’s International Development Research Centre (IDRC)

i. An MoU between the Government of India and Canada’s International Development Research Centre (IDRC) was signed in New Delhi. The agreement was signed to usher the “programme based research support” in addressing current and future global and local developmental challenges.
ii. IDRC has funded 551 research activities worth CA$159 million in India through institutions, researchers and NGOs.

Static/Current Takeaways Important for Syndicate Bank PO 2018 Exam-
  • IDRC was founded in 1972.
  • Jean Lebel is the President of IDRC, Canada. 

Banking/Business News

6. Paytm Launches Two Insurance Companies

i. Digital payments startup Paytm has launched two insurance companies, Paytm Life Insurance and Paytm General Insurance.
ii. Paytm Founder Vijay Shekhar Sharma, CFO Madhur Deora, and Shankar Prasad Nath are the three signatory stakeholders in both the companies.

Static/Current Takeaways Important for Canara Bank PO 2018 Exam-
  • Paytm is run by One97 Communications Ltd.
  • Vijay Shekhar Sharma is the founder of One97 Communications.
  • One97 Communications in all now have six companies under its umbrella including Paytm, Paytm Money, Paytm Mall and Paytm Payments Bank.

7. RBI Sets Up Committee Under YH Malegam to Monitor Bad Loans

i. Reserve Bank of India (RBI) has constituted an expert committee under the chairmanship of YH Malegam to look into a range of issues relating to classification of bad loans, rising incidents of frauds and effectiveness of audits.
ii. Y H Malegam is a former member of the Central Board of Directors of RBI. A K Misra – Executive Director of RBI will be the Member-Secretary of the committee.

Static/Current Takeaways Important for Canara Bank PO 2018 Exam-
  • Dr Urjit Patel is the 24th Governor of RBI.
  • RBI Headquarters in Mumbai.


8. Renowned Violinist MS Anantharaman Passes Away

i. Noted violinist M.S. Anantharaman, an exponent of Parur style of violin playing had passed away.
ii. He was 94 and was proficient in Carnatic music.
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