Current Affairs: Daily GK Update 3rd June 2017

Dear Readers,


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.

Odisha to have first automatic coastal warning for disasters in India

i. Odisha is the first State in India to have developed an automatic public address system that can be activated along its entire coast.
ii. The State government is all set to commission the ambitious Early Warning Dissemination System (EWDS) that would enable loud sirens go off simultaneously from towers at 122 locations by July 2017.
iii. Odisha can now warn the vast population residing along its 480 km-long coast by pressing a single button from a control room in the State capital in the event of the occurrence of natural disasters like a tsunami or a cyclone.

Static Takeaways for SBI PO Mains Exam-
  • Odisha CM is Naveen Patnaik and Governor is Senayangba Chubatoshi Jamir.
  • Simlipal National Park is situated in Odisha

i. Varanasi will get the country's first 'freight village' spread over around 100 acres. 
ii. The plan to set up this project close to the upcoming multi-mode terminal along the Ganga has attracted major players including Dubai Port World and IL&FS. 
iii. It will be developed by the Inland Waterways Authority of India (IWAI) in Varanasi, Uttar Pradesh.

Static Takeaways-

  • IWAI was created by Government of India on 27 October 1986 for development and regulation of Inland waterways for shipping and navigation.

RBI initiates ‘prompt corrective action’ for Dena Bank

i.  The Reserve Bank of India has initiated prompt corrective action (PCA) for Dena Bank in view of high net non-performing assets and negative return on assets. Last month (May 2017), the central bank had initiated PCA for IDBI Bank and UCO Bank in view of high NNPAs and negative ROA.
ii. Prompt Corrective Action is the action which will not have any material impact on the performance of the bank infact it will contribute to improve the internal controls of the bank and improvement in its activities.

Static Takeaways for SBI PO Mains Exam-
  • Dena Bank Chairman and MD is Ashwani Kumar and its headquarter is in Mumbai
  • Urjit Patel is the 24th governor of RBI and its headquarters is in Mumbai.

i. State Bank of India and the World Bank announced that they had financed 100 MW of rooftop solar projects worth Rs400 crore in India.
ii. SBI has availed of a loan of $625 million from the World Bank for on-lending to viable Grid-Connected Rooftop Solar PV (GRPV) projects undertaken by developers, aggregators and end-users, for installation of rooftop solar systems.

Static Takeaways for SBI PO Mains Exam-
  • Chairman of SBI is Arundhati Bhattacharya and its headquarters is in Mumbai
  • Jim Yong Kin is the President of World Bank and its headquarters is in Washington, D.C, USA

i. Bank of India conducted a mass-contact programme, ‘Star Mahotsav’, across its branch network. ii. The thrust was in contacting every customer at their doorstep for recovery of bad loans, disbursement of retail loan, including housing and vehicle loan, disbursement under MSME and agriculture, and promotion of its products including debit/credit cards, PoS machines, internet banking, etc. 

Static Takeaways-
  • Dinabandhu Mohapatra is a CEO and MD of Bank of India
  • Bank of India headquarters is in Mumbai.

i. Bharti Airtel has received approvals from the Securities & Exchange Board of India (SEBI), BSE and the National Stock Exchange of India for its proposed merger with Telenor India.
ii. Airtel entered into an agreement with Telenor South Asia Investments in February, 2017 to buy Telenor India’s operations in Andhra Pradesh, Bihar, Maharashtra, Gujarat, UP (East), UP (West) and Assam. These seven circles contribute about 35% to Airtel’s total revenue.

Static Takeaways for SBI PO Mains Exam-
  • Sunil Bharti Mittal is the Chairman of  Bharti Airtel.

i. Shashi Shekar Vempati has been appointed as the CEO of Prasar Bharati on the recommendation of the three-member committee headed by the Vice-President, and consisting of the Chairman, Press Council of India, and the President’s nominee.
ii. He will replace Rajeev Singh, who has been serving as interim CEO since February 2017. Shashi Shekar Vempati will be the first non-Indian Administrative Service (IAS) officer to head the public broadcaster.

Static Takeaways for SBI PO Mains Exam-
  • Prasar Bharati Board Chairman is A. Surya Prakash
  • Head office of Prasar Bharati is in New Delhi.

i.  Amul Thapar, an Indian-American legal luminary, has been appointed a judge on the US Court of Appeals for the Sixth Circuit by President Donald Trump.
ii.  Before his appointment to the Court of Appeals, Judge Thapar served on the District Court for the Eastern District of Kentucky.

Static Takeaways for SBI PO Mains Exam-
  • George Washington was the first President of USA
  • The Capital of USA is Washington, D.C, USA and the Currency is US Dollar.

i. Indian-Origin Leo Varadkar is set to become the Republic of Ireland's next Prime Minister after winning the leadership of the Fine Gael party.
ii. The 38-year-old will become the first gay Prime Minister and will also be the country's youngest ever leader. He will succeed Enda Kenny as leader of the centre-right party within weeks.

Static Takeaways for SBI PO Mains Exam-
  • Irish Capital is Dublin and Currency is Euro.

i. Aleksandar Vucic has been sworn in as Serbia's new president, promising to work for peace and stability in the war-weary Balkans while strengthening the country's armed forces. 
ii. Vucic formally stepped down from his prime minister's post and took over his new role after his landslide win in April's election.

Static Takeaways-
  • Serbia Capital is Belgrade and its Currency is Serbian Dinar.

i. The cricket board for West Indies, on its 91st anniversary, has re-branded themselves as Cricket West Indies from the former West Indies Cricket Board.  
ii. The board also announced in a media release on their official website that the cricket team from now on will be officially known as ‘WINDIES.’

Static Takeaways for SBI PO Mains Exam-
  • West Indies was 2016 ICC Twenty20 World Cup Winner.
  • 2016 ICC Women's World Twenty20 Winner was West Indies.


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