Current Affairs 16th April 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. Here is the Daily GK Update to get you acquainted with the top events that made the headlines today!!

Current Affairs 16th April 2018: Daily GK Update

National News

1. Smriti Irani Inaugurates 7th Edition of Home Expo India 2018

i. The seventh edition of Home Expo India 2018, organised by Export Promotion Council for Handicrafts (EPCH), was inaugurated at India Expo Centre & Mart in Greater Noida.
ii. Union Minister of Textiles Smriti Irani inaugurated the fair, while Ajay Tamta, Minister of State for Textiles, was the guest of honour. Home Expo India 2018 will generate business deals for direct import.


2. Himachal Pradesh Celebrates its 71st Foundation Day

i. Himachal Pradesh celebrated its 71st foundation day with much fanfare and gaiety. Several cultural events were organized across the state. It may be recalled that the hill state came into existence after the merger of 30 odd princely states in 1948.
ii. The main event was held at Ridge Maidan in Shimla, where Chief Minister Jairam Thakur reviewed the ceremonial Parade presented by police, home guards and NCC cadets.

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • Himachal Pradesh CM- Jai Ram Thakur, Governor- Acharya Dev Vrat.

3. Pradhan Mantri Ujjwala Yojana Launched in Telangana

i. Launching the ‘Gram Swaraj Abhiyan’ in Telangana, the Union Minister for Petroleum and Natural Gas Dharmendra Pradhan stated the number of LPG distribution points in the State will be increased to 1,000 from the existing 707 for quicker and efficient delivery of gas cylinders.
ii. Mr Pradhan promised to create 20 lakh ‘happy homes’ in the State through free LPG gas connections under the Pradhan Mantri Ujjwala Yojana (PMUY)-- the scheme providing free cooking gas connections to below the poverty line families.

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • Telangana CM- K. Chandrashekar Rao, Governor- ESL Narasimhan.

International News

4. PM Modi Leaves on 5-Day Visit to Sweden & UK

i. Prime Minister Narendra Modi left on a five-day visit to Sweden and the UK. The visit to the two nations aims at enhancing bilateral cooperation in key areas like trade, investments and Science & technology.
ii. On the first leg of his visit, the Prime Minister will attend the first-ever India-Nordic Summit at Stockholm, which will be co-hosted by India and Sweden. In London, Mr Modi will take part in the Commonwealth Heads of Government Meeting being hosted by the UK.

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • Nordic countries include Sweden, Norway, Finland, Denmark and Iceland.
  • Sweden Capital- Stockholm, Currency- Swedish krona.
  • The United Kingdom Capital- London, Currency- British pound.


5. Commonwealth Heads of Government Meeting Begins in London

i. The Commonwealth Heads of Government Meeting (CHOGM 2018) has begun in London, the UK. Prime Minister Narendra Modi will take part in the event on 19th and 20th of April.
ii. The theme of the summit is 'Towards a Common Future'. The biennial event has brought together delegates from 53 Commonwealth nations.


6. UN Launches Road Safety Trust Fund

i. United Nations’ Deputy Secretary-General Amina Mohammed announced the launch of the ‘UN Road Safety Trust Fund’ to stimulate action that can save lives and prevent injuries and sufferings associated with road accidents.

ii. The UN Economic Commission for Europe (UNECE), the development arm of the UN in Europe, is designated as the Secretariat for the Trust Fund. A contribution of USD 1500 to the fund could help save one life and prevent 10 serious injuries.


Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • The United Nations is an international organization founded in 24th of October 1945. 
  • It is currently made up of 193 Member States.
  • The Headquarters of UN: New York, USA.
  • Antonio Guterres is the Secretary-General of United Nations.

Awards

7. Dharmendra to be Conferred With Raj Kapoor Lifetime Achievement Award

i. Veteran Bollywood actor Dharmendra will be conferred with the prestigious Raj Kapoor Lifetime Achievement and filmmaker Rajkumar Hirani with Raj Kapoor Special Contribution awards. Maharashtra Culture Minister Vinod Tawde announced the names of the winners.
ii. The state government-instituted awards will be given away at the 55th Maharashtra State Marathi Film Festival.


Banking/Economy News

8. CII Pegs India's GDP Growth at 7.3-7.7% for 2018-19

i. The Confederation of Indian Industry (CII) has announced that it expects India's gross domestic product (GDP) to grow at 7.3-7.7% during the 2018-19 financial year.
ii. This is based on strengthening demand in the rural economy, including agriculture and non-farm activities, as well as better global growth climate.

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • Rakesh Bharti Mittal is the President of Confederation of Indian Industry.

9. Government Raises NABARD's Authorised Capital to Rs 300 billion

i. As part of the drive to double the income of farmers by 2022, the government has raised the authorised capital of NABARD by six times from 50 billion to Rs 300 billion to help it increase its lending to the rural economy.
ii. The increase in authorised capital will enable Nabard to respond to commitments it has undertaken, particularly in respect of the Long Term Irrigation Fund and on-lending to cooperative banks.

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • The government in the Budget had enhanced the corpus of the Rural Infrastructure Development Fund (RIFD) to Rs 280 billion with an overall objective of doubling farmers income by 2022.
  • Nabard is the main agency for implementing RIFD scheme.
  • Harsh Kumar Bhanwala is the Chairman of NABARD.
  • It headquarters in Mumbai, Maharashtra.

10. Kotak Mahindra Bank Pips SBI to Become India’s 2nd Most Valuable Bank

i. Shares of private lender Kotak Mahindra Bank Ltd beat India’s largest lender State Bank of India (SBI) for the first time to become the second most valued bank in the country. Data from BSE showed that Kotak Mahindra Bank has a market capitalization of Rs2,22,560.69 crore after its shares rose 1.7%.
ii. SBI market capitalization stood at Rs2,22,043.74 crore. Its shares were trading at Rs248.80 on BSE, down 1% from its previous close.

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • Uday Kotak is the Executive Vice Chairman and Managing Director of Kotak Mahindra Bank.
  • It headquarters in Mumbai.
  • HDFC Bank Ltd is the country’s most valuable bank with a market capitalisation of Rs5.04 trillion.

Sports News

11. CWG 2018: Complete List of All the Medals Won By India

i. India finished third in the medals tally at the Commonwealth Games 2018, courtesy 66 medals including 26 gold20 silver and 20 bronze medals.
ii. Australia with 198 medals (80 Gold, 59 Silver and 59 Bronze) topped the chart and England with 136 Medals (45 Gold, 45 Silver and 46 Bronze) stood second.
Find the Complete Medal Tally Here


12. Indian Swimmer Double Crosses Bangla Channel, Sets World Record

i. Pune-based 17-year-old swimmer Sampanna Ramesh Shelar has set a world record to double cross the Bangla Channel. 
ii. Shelar, is the first person to swim to and fro from Saint Martin's Island Jetty to Teknaf in Bangladesh also known as the Bangla Channel. He has completed the journey of 32.2 kilometres in 9 hours and 10 minutes.


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