Current Affairs: Daily GK Update 28th December 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 SO and Clerk and with the daily dose of current affairs, you can easily prepare G.A and score well.

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1. India to Overtake UK, France to Become 5th-Largest Economy in 2018

i. India is set to leapfrog Britain and France in 2018 to become the world’s fifth-largest economy in dollar terms.
ii. The Centre for Economics and Business Research (CEBR) consultancy’s 2018 World Economic League Table painted an upbeat view of the global economy, boosted by cheap energy and technology prices. India is currently in seventh place in the top world economies with $2 trillion.

Top 3 Economies of the world according to the World Economic Forum are- 
  1. The USA ($18 trillion),
  2. China ($11 trillion),
  3. Japan ($4.4 trillion).

2. President Inaugurated 100th Indian Economic Association Conference

i. President Ramnath Kovind inaugurated the 100th Annual Conference of the Indian Economic Association at Acharya Nagarjuna University in Guntur of Andhra Pradesh. The event will be held for four days.
ii. Indian Economic Association is a registered body of Indian economic professionals with an objective of providing a forum for debate and discussion of policy-oriented issues.

Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-
  • Indian Economic Association (IEA) Established in- 1917.
  • President of IEA (Conference)- Prof. C. Rangarajan.
  • President of IEA (Association)- Prof. Sukhadeo Thorat.

3. President Dedicated 4 Projects to Andhra Pradesh

i. The President of India, Ram Nath Kovind, dedicated to the people of Andhra Pradesh four projects of the State Government at a function held at Velagapudi, Andhra Pradesh.
ii. The Projects were Andhra Pradesh Fibregrid Project, Andhra Pradesh Surveillance Project, Drone Project; and Free Space Optical Communication (FSOC) system. The President focused on the 24/7 hyper-connected world and the online presence of the government.

Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-
  • Andhra Pradesh CM- N Chandrababu Naidu, Governor- ESL Narasimhan.

4. Agriculture Minister Launches Livestock Disease Forewarning (LDF) Mobile App

i. Union Agriculture and Farmers’ Welfare Minister, Shri Radha Mohan Singh has launched Livestock Disease Forewarning –Mobile Application (LDF-Mobile App). The app is developed by ICAR-National Institute of Veterinary Epidemiology and Disease Informatics (ICAR-NIVEDI), Bengaluru.
ii. Apart from early warning, the app will also provide information about clinical samples for the diagnosis in case of the epidemic so that immediate action can be taken in case of the epidemic.

Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-
  • ICAR- Indian Council of Agricultural Research.
  • Formerly known as Imperial Council of Agricultural Research, it was established on 16 July 1929.

5. SBI Gets Board Approval to Raise Rs 8,000 crore to Comply Basel III

i. According to the country's largest lender, SBI, its board has approved raising Rs 8,000 crore through various sources, including masala bonds, to meet Basel III capital norms.
ii. Masala bonds are rupee denominated specialised debt instruments that can be floated in overseas markets only to raise capital. Banks in India have to comply with the global capital norms under Basel III by March 2019, three months later than the internationally agreed time frame by January 2019.

Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-
  • SBI Chairman- Rajnish Kumar, Headquarters- Mumbai, Established on- 1st July 1955.

6. Paytm Becomes India's First Payments App to Cross 100 mn Downloads on Play Store

i. India's largest mobile-first financial services platform, Paytm announced that its app has crossed the 100 million milestone on Google Play Store in the second week of December 2017.
ii. This makes Paytm the country's first payments app to cross the 100 million downloads mark.

Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-
  • Vijay Shekhar Sharma is the CEO of Paytm.
  • Paytm headquarters in Noida.

7. India Successfully Test-Fires AAD Supersonic Interceptor Missile

i. India successfully test-fired its indigenously developed Advanced Air Defence (AAD) supersonic interceptor missile, capable of destroying any incoming ballistic missile at low altitude, from a test range in Odisha.
ii. This was the third supersonic interceptor test carried out this year in which an incoming ballistic missile target was successfully intercepted, within a 30km altitude of the earth’s atmosphere by an interceptor. The interceptor is a 7.5-meter long single stage solid rocket propelled guided missile equipped with a navigation system.

Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-
  • Abdul Kalam Island in Odisha was previously known as Wheeler Island.

8. Abhay Appointed Director General of Narcotics Control Bureau

i. Senior IPS officer Abhay was appointed Director General of Narcotics Control Bureau (NCB). He is at present working in Central Reserve Police Force (CRPF).
ii. The Appointments Committee of the Cabinet has approved his appointment to the post till November 18, 2019. The post was lying vacant after R R Bhatnagar took over as DG of CRPF in April 2017.

Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-
  • The Government of India constituted the Narcotics Control Bureau on the 17th of March, 1986.

9. K S Chitra bags 'Harivarasanam' Award

i. Veteran singer K S Chitra has been selected for prestigious  'Harivarasanam' award 2017, instituted by the Kerala government.
ii. The award carrying a cash prize of Rs one lakh, citation and plaque would be presented to the veteran playback singer at a function on January 14, 2018.

Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-
  • 'Harivarasanam' awards were instituted in 2012.
  • Singers K J Yesudas, M Jayachandran, S P Balasubramanyam, Gangai Amaran and M G Sreekumar are among earlier winners.

10. Anisa Wins Women’s 25m Pistol with New National Record

i. Haryana shooter Anisa Sayyed won the women’s 25m pistol gold with a new record at the ongoing 61st National Shooting Championship Competitions (61st NSCC), in Thiruvananthapuram, Kerala.
ii. Anisa shot a new finals national record score of 33 to prevail over the Maharashtra duo of Shital Shivaji Thorat and Rahi Sarnobat, who won the silver and bronze medals respectively at the National Games Shooting Range.

Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-
  • 60th National Shooting Championship Competitions (Rifle/Pistol) was held in Pune, Maharashtra.
  • National Rifle Association of India (NRAI) was founded in 1951.
  • Raninder Singh- NRAI President.

11. The creator of Bugs Bunny, Bob Givens, Passes Away at 99

i. Bob Givens, one of the animators behind designing the iconic characters Bugs Bunny and Elmer Fudd, died at the age of 99. He was from the USA.
ii. He also brought his skills to TV advertising, animating cartoon insects for Raid bug-killer commercials.



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