Current Affairs: Daily GK Update 1st June 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. Its time to gear up your preparations for SBI PO 2017, and with the daily dose of current affairs you can easily prepare G.A and score well.


i. World Milk Day is an initiative of the United Nations Food and Agriculture Organisation, to celebrate the contribution of the dairy industry around the globe on 1st June.

ii. The Day provides an opportunity to focus attention on milk and to publicize activities connected with milk and the milk industry.  The first World Milk Day was held in 2001.

Static Takeaways-
  • United Nations Food and Agriculture Organisation (UNFAO) is an agency of the United Nations that leads international efforts to defeat hunger.
  • United Nations Food and Agriculture Organisation Headquarter is in Rome, Italy.

India to strengthen bilateral cooperation with Spain to fight terrorism

i. The Prime Minister Narendra Modi has signed seven agreements with Spain PM Mariano Rajoy to strengthen bilateral cooperation to fight against terrorism after the visit from Germany.

The seven agreements and MoUs are as follows-

  1. Agreement for Transfer of Sentence Persons
  2. MoU on Cooperation in Organ Transplantation
  3. MoU on Cooperation in Cyber Security
  4. MoU on Cooperation in Renewable Energy
  5. MoU on Technical Cooperation in Civil Aviation
  6. Agreement on visa waiver for holders of diplomatic passports
  7. MoU between Foreign Service Institute and Diplomatic Academy of Spain.
Static Takeaways-
  • PM of Spain is  Mariano Rajoy and its Capital and Currency is Madrid and Euro
  • Chancellor of Germany Angela Markel and its President is Frank-Walter Steinmeier.

i. All 12 major domestic ports will soon switch to renewable energy to meet their entire power requirements, making India the first country to have all government-owned ports running on solar and wind energy. 
ii. The government plans to install almost 200 megawatt solar and wind power generation capacity at the ports by 2019.
iii. Almost 150 mw of this will be solar power and 50 mw wind power generation capacity. The capacity could be ramped up to 500 mw in the next few years.

Static Takeaways-
  • Few major Government Ports are Listed Below:
  1. Navi Mumbai, Maharashtra.
  2. Visakhapatnam Port, Andhra Pradesh.
  3. Kochi Port, Kerala.
  4. New Mangalore Port, Karnataka.
  5. Mundra Port, Gujarat.
  6. Kandla Port, Gujarat.
  7. Port of Quilon - The oldest and second largest port in Kerala

i. The 70th World Health Assembly was held recently (22nd-31st May) in Geneva, Switzerland. In the meeting member nations agreed to increase their assessed contributions by 3 percent.
ii. Member states also agreed on a five-year action plan that will initiate collaboration between WHO, the International Labor Organization (ILO) and the Organization for Economic Cooperation and Development in tackling shortfalls in global health and social workforce.

Static Takeaways-
  • The currency of Switzerland is Swiss Franc
  • Doris Leuthard has been elected to the Swiss presidency for 2017
  • Tedros Adhanom Ghebreyesus is the newly appointed Director-General of World Health Organization.

i. The Delhi Police launched patrolling on bicycle to improve policing in congested localities in trans-Yamuna region of the city. The move is also being billed as a green initiative. 

ii. The bicycle patrols will complement and supplement the existing motorcycle and PCR patrols which focus mainly on crime prevention along the arterial and main roads of Delhi. 

Static Takeaways For SBI PO Mains Exams-
  • Hansraj Gangaram Ahir the Union minister of state for home affairs
  • Amulya Patnaik is the current Commissioner of Police, Delhi
  • Sh. J. N. Chaturvedi was the first commissioner of Delhi Police

i. Defence Minister Arun Jaitley inaugurated a grid-connected solar power plant of 16 MW capacity at the Ordinance Factory in Telangana’s Medak district.

ii. He also dedicated a 9 MW capacity windmill project installed at Dammur in Karnataka at a cost of Rs 53 crore by Bharat Earth Movers Limited (BEML).
iii. The solar power plant at Medak has been set up at a cost of Rs105 crore by Bharat Electronics Limited. 

Static Takeaways for SBI PO Mains-
  • Telangana is the 29th state of India formed in 2014
  • The capital of Telangana is Hyderabad
  • K Chandrasekhar Rao is the CM of Telangana
  • Governor of Telangana is E S L Narsimhan
  • KBR National Park and Mrugavani National Park are located in Hyderabad, Telangana.

i. To attract more passengers to buy online train tickets, Indian Railways has introduced a service ‘Buy Now, Pay Later’ which allow passengers to make payment for tickets booked online within a window of 15 days. 
ii. To buy tickets from the IRCTC website and pay later will decrease the difficulties involved in the payment process at the time. 
iii. ePayLater, a Mumbai-based fintech firm has joined hands with IRCTC for adding the new feature to Indian Railways ticket booking services.

Static Takeaways For SBI PO Mains Exam-
  • Suresh Prabhu is the Railway Minister of India
  • The First Railway Minister of India is John Mithai.

i. Economic Affairs Secretary Shaktikanta Das announced his retirement as the Corporate Affairs Secretary. Shaktikanta Das has been associated with the Government of India as the Economic Affairs Secretary for nearly 37 years.
ii.  He will be succeeded by Tapan Ray, who will take the additional charges as the new Economic Affairs Secretary.

Static Takeaways for SBI PO Mains Exam-
  • First Finance Minister of  Independent India is Ramasamy Chetty.

i. The Asian Development Bank (ADB) and the Punjab National Bank (PNB) signed a $100 million loan to be guaranteed by the Government of India that will finance large solar rooftop systems on industrial and commercial buildings throughout India.
ii. This is the first tranche loan of the $500 million multi-tranche finance facility Solar Rooftop Investment Program (SRIP) approved by ADB in 2016.
iii. The first tranche loan of $100 million would be financed entirely from the Clean Technology Fund  CTF.

Static Takeaways for SBI PO Mains Exam-
  • Sunil Mehta is a New MD and CEO of PNB
  • ADB President is Takehiko Nakao and its headquarter is in Phillippines.

India signs loan agreement of 36 million dollar with World Bank

i. India has signed a loan agreement of 36 million dollars with the World Bank for Himachal Pradesh Public Financial Management Capacity Building Programme.
ii. The project aims to improve the efficiency of public expenditure management and tax administration in Himachal Pradesh.
iii. The agreement was signed by Joint Secretary of Department of Economic Affairs Raj Kumar and the Bank's Country Director Junaid Kamal Ahmad.

Static Takeaways for SBI PO Mains Exam-
  • Jim Yong Kim is the President of World Bank and its headquarter is in Washington, D.C, USA
  • World Bank was founded in 1944.

i.India's Gross Domestic Product (GDP) grew 6.1 percent year-on-year during the January-March, 2017 period according to government data. With this, India loses its status of the world's fastest growing economy. China's GDP grew 6.9 percent during the same quarter.
ii. The GDP growth rate for the full year (2016-17) came in at 7.1 percent in line with official estimate compared to a revised growth figure of 8 per cent in FY16.

Static Takeaways for SBI PO Mains Exam-
  • Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced in a period (quarterly or yearly).


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