Current Affairs: Daily GK Update 02nd November 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. It's time to gear up your preparations for IBPS RRB PO and with the daily dose of current affairs, you can easily prepare G.A and score well.

i. Chairman of Reliance Industries Limited (RIL) Mukesh Ambani overtook China’s Hui Ka Yan to become Asia’s richest person with a total wealth of $42.1 billion, according to Forbes’ real-time billionaire’s list.
ii. Ambani's personal wealth rose by $466 million. On the other hand, the wealth of China Evergrande Group’s Chairman Hui Ka Yan slumped by $1.28 billion to $40.6 billion. Globally, Ambani stood at the 14th spot on Forbes’ real-time billionaire’s list, which is based on the value of person’s stock holding and assets on a real-time basis. 

Important Takeaways for IBPS PO Mains Exam-
  • RIL had recently become the first Indian company to hit the market capitalization of Rs 6 lakh crore.

i. The President of India, Shri Ram Nath Kovind, inaugurated the 21st World Congress of Mental Health being organized by the World Federation for Mental Health in partnership with Caring Foundation and other institutions in New Delhi.
ii. The World Congress of Mental Health is taking place in India for the first time.

i. The Ministry of Finance increased the maximum age of joining the National Pension System (NPS) from the existing 60 years to 65 years under NPS - Private Sector (i.e. all citizen and corporate model).
ii. In accordance with several initiatives undertaken by the Pension Fund Regulatory and Development Authority (PFRDA) during the last few years, now any Indian citizen, resident or non-resident, between the age of 60 - 65 years, can join NPS and continue up to the age of 70 years.

Important Takeaways from Above News for IBPS PO Mains exam-
  • The subscriber joining NPS beyond the age of 60 years will have the same choices of pension fund and investment, as those individuals who subscribe to it before the age of 60 years.
  • Arun Jaitley is the present finance minister of India.

i. Goa is safest for girls, and Bihar least safe, according to a newly-formed Gender Vulnerability Index  (GVI) by NGO Plan India. National Capital Delhi ranks only better than Bihar and Uttar Pradesh.
ii. The GVI attempts to "generate a normative consensus" on the status of girls and women in India and takes into account four core dimensions: Education, health and survival, poverty, protection.

Top Three Safest States-
  1. Goa (Safest),
  2. Kerala,
  3. Mizoram.
Least Safe States-

  1. Bihar (Least Safe),
  2. Uttar Pradesh,
  3. Delhi.

i. India slipped 21 places on the World Economic Forum’s Global Gender Gap index to 108, behind neighbours China and Bangladesh, primarily due to less participation of women in the economy and low wages, according to the WEF Global Gender Gap Report 2017.
ii. India’s latest ranking is 10 notches lower than its reading in 2006 when the WEF started measuring the gender gap. According to the Report, India has closed 67 percent of its gender gap. Bangladesh ranked 47th while China was placed at 100th.

Top 5 Countries in the List are-
  1. Iceland,
  2. Norway,
  3. Finland, 
  4. Rwanda and,
  5. Sweden. 
Important Takeaways from Above News for RRB PO Mains exam-
  • The World Economic forum Headquarters in Geneva, Switzerland.
  • Klaus Schwab is the Founder and Executive Chairman of WEF.

i. Assam government has MoUs and Terms of Reference (ToR) with Singapore for skilling youth of the state. The MoU and ToR for North East Skills Centre (NESC) were signed between Skill, Employment and Entrepreneurship Department, of Assam government and ITE Education Service, Singapore.
ii. An MoU for Guwahati City Greening was inked between the Guwahati Metropolitan Development Authority and Singapore Corporation Enterprise.

Important Takeaways from Above News for RRB PO Mains exam-
  • Sarbananda Sonowal is the present CM of Assam.
  • Jagdish Mukhi is the present Governor of Assam.

i. Indiana, a State in the US, and Karnataka have signed an agreement to establish sister-state ties for cooperation in economic, educational and cultural fields.
ii. The two states will focus on workforce development, academic co-operation, information and communications technologies, advanced manufacturing, and materials.

Important Takeaways from Above News for RRB PO Mains exam-
  • Siddaramaiah is the present CM of Karnataka.
  • Vajubhai Vala is the present Governor of Karnataka.

i. A 45 member contingent of the Indian Air Force had left for Israel to participate in exercise ‘Blue Flag-17’. Blue Flag is a bi-annual multilateral exercise which aims to strengthen military cooperation amongst participating nations.
ii. The exercise is being conducted at Uvda Air Force Base in Israel.

Important Takeaways from Above News for RRB PO Mains exam-
  • The team consists of personnel from various combat elements of the IAF and is led by Gp Capt Maluk Singh VSM.
  • This is the first time the Indian Air Force is operating with Israeli AF in a multilateral exercise setting.
  • Air Chief Marshal Birender Singh Dhanoa is the 25th Chief of the Air Staff of the Indian Air Force.

i. India has appointed Ajay Bisaria as the next high commissioner to Pakistan. He is currently ambassador to Poland. Bisaria takes over from Gautam Bambawale, who was last month appointed India’s ambassador to China.
ii. Bisaria was in charge of the Eurasia desk that looks after India’s ties with Russia and the Central Asian republics, prior to his appointment as India’s ambassador to Poland.

Important Takeaways for IBPS PO Mains Exam-
  • Shahid Khaqan Abbasi is the present PM of Pakistan.
  • Islamabad is the capital of Pakistan.

i. Neelmani N. Raju has been appointed as Karnataka’s first woman Director General and Inspector General of Police.
ii. She will take over from Rupak Kumar Dutta, who is retiring from service.

Important Takeaways from Above News for RRB PO Mains exam-
  • Siddaramaiah is the present CM of Karnataka.
  • Vajubhai Vala is the present Governor of Karnataka.

i. The 210-metre-high statue of Chhatrapati Shivaji Maharaj has received environmental clearance, making it the world’s tallest statue, once built.
ii. The Maharashtra Coastal Zone Management Authority (MCZMA) approved the government’s application to increase the height from the earlier proposed 192 metres. Currently, the Spring Temple Buddha statue, which stands at 208 metres in China, is the world’s tallest statue.

Important Takeaways from Above News for RRB PO Mains exam-
  • Devendra Fadnavis is the CM of Maharashtra.
  • Chennamaneni Vidyasagar Rao is the Governor of Maharashtra.

i. The ninth edition of CMS Vatavaran - an international film festival on environment and wildlife - has begun in New Delhi. It will showcase 113 films, including four from Kashmir, one of the most ecologically sensitive zones facing the threat of global warming.
ii. The theme of the fest is "Conservation 4 Water".

Important Takeaways for RRB PO Mains Exam-
  • The event is supported and partnered by Ministry of Environment Forest and Climate Change, National Geographic, UNESCO, UNDP and WWF.

i. The country's largest lender State Bank of India (SBI) slashed benchmark lending rate by 0.05 percent across maturities. The reduction in the marginal cost of funds based lending rate (MCLR) came after a gap of almost 10 months.
ii. The bank had last cut the rate on January 1, 2017. The move by the SBI will trigger the rate cut by other lenders. The new rate would be effective November 1, 2017.

Important Takeaways from Above News for RRB PO Mains Exam-
  • Rajnish Kumar is the Present Chairman of Mumbai-headquartered SBI.

i. China-sponsored Asian Infrastructure Investment Bank (AIIB) approved USD 2 million loan (Rs. 13,000 crores) for five projects in Andhra Pradesh.
ii. The five projects include two roads and buildings department, one each for rural safe drinking water department, municipal and urban development department and Panchayat Raj department.

Important Takeaways from the above News:
  • Jin Liqun is present president of the Asian Infrastructure Investment Bank (AIIB).
  • Beijing, China is headquarters of AIIB.

i. Noted Malayalam Poet and literary critic, K Satchidanandan, has been selected for Ezhuthachan Puraskaram 2017. This is Kerala government's highest literary honour.
ii. The award is for his contributions to Malayalam literature and poetry. This award has been Instituted in the name of Ezhuthachan, the father of Malayalam language, the award carries a cash prize of Rs 5 lakh and a citation.

Important Takeaways from Above News for RRB PO Mains exam-
  • Satchidanandan' s literary career began with the publication of 'Kurukshetram', a collection of essays on poetry (1970) and 'Anchusooryan', a collection of poems (1971).

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