Current Affairs 24th February 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. Apart from the GA Section, an excellent knowledge of current news also helps you deal with the PI (Personal Interview) more efficiently so you do not give a mumble jumble answer to the interviewee's simple questions. Here is the Daily GK Update to get you acquainted with the top events that made the headlines today!!

Current Affairs 24th February 2018: Daily GK Update

National News

1. India Successfully Test-Fires ‘Dhanush’ Missile

i. India has successfully test-fired the nuclear-capable surface-to-surface 'Dhanush' ballistic missile with a strike range of 350 km from a naval ship off Odisha coast.
ii. It was developed by the Defence Research and Development Organisation. ‘Dhanush’ missile is is capable of carrying a payload of 500 kg and hitting both land and sea-based targets.

Static/Current Takeaways Important for Canara Bank PO 2018 Exam-
  • DRDO Chairman- S Christopher, Headquarters- New Delhi.

2. India to Host 1st International Solar Alliance in March 2018

i. India will host the first International Solar Alliance (ISA) summit on 11th March 2018. It will be attended by French President Emmanuel Macron and United Nations Secretary-General Antonio Guterres.
ii. The summit will be held in Delhi. The ISA aims to launch 121 projects during the summit. During the summit, two new programmes will be inaugurated on- Scaling Solar E-Mobility and Storage, and Rooftop Solar.

3. 44th Khajuraho Dance Festival Held in Madhya Pradesh

i. The 44th edition of Khajuraho Dance Festival 2018 was held at Khajuraho temple, a UNESCO world heritage site in Madhya Pradesh. It was inaugurated by Madhya Pradesh Governor Anandiben Patel and was organised by culture department of state government.
ii. Khajuraho Dance Festival is an annual cultural festival that highlights the richness of various Indian classical dance styles.

Static/Current Takeaways Important for Syndicate Bank PO 2018 Exam-
  • Madhya Pradesh CM- Shivraj Singh Chauhan.
  • Panna Tiger Reserve is situated in Madhya Pradesh.

4. Assam to Observe 'Rhino Day' on September 22

i. The Assam government has announced to observe September 22 as 'Rhino Day' to generate public awareness on protection of the one-horned pachyderm.
ii. A State Rhino Project in line with National Rhino Project will be launched in Assam soon for protecting the pachyderms from threats of poaching.

Static/Current Takeaways Important for Canara Bank PO 2018 Exam-
  • Assam CM- Sarbanand Sonowal, Governor- Jagdish Mukhi.
  • Manas National Park or Manas Wildlife Sanctuary (UNESCO Natural World Heritage site) is situated in Assam.


5. India's 1st 5G Trial Successful, 3 GB/sec Speed Achieved

i. Chinese technology giant Huawei and telecom services provider Bharti Airtel announced to have successfully conducted 5G network trial under a test set-up in India. The trial was conducted at Airtel’s Network Experience Centre in Manesar (Gurugram).
ii. During the test trial, the speed of more than 3Gbps was achieved. This is the highest measured throughput for a mobile network in 3.5 GHz band with 100MHz bandwidth and end-to-end network latency of approximately 1 msec.

Banking News


6. Aditya Birla Idea Payments Bank Starts Operations

i. Aditya Birla Idea Payments Bank Ltd (ABIPBL) started operations, making it the fifth payments bank to roll out operations
ii. The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of payments bank in India.

Static/Current Takeaways Important for Syndicate Bank PO 2018 Exam-
  • The other payments banks that have started operations include Airtel Payments Bank Ltd, India Post Payments Bank Ltd, Paytm Payments Bank Ltd and Fino Payments Bank Ltd.
  • The other applicants that are yet to set up payments bank include Vodafone m-Pesa Ltd, Reliance Industries Ltd and National Securities Depository Ltd.

7. RBI Launches Ombudsman Scheme for NBFCs

i. The Reserve Bank of India has launched Ombudsman Scheme for non-banking financial companies (NBFCs) for redressal of complaints against them.
ii. The scheme will provide a cost-free and expeditious complaint redressal mechanism relating to deficiency in the services by NBFCs covered under the scheme.
iii. The offices of the NBFC ombudsmen will function at four metro centres – New Delhi, Mumbai, Kolkata and Chennai.

Static/Current Takeaways Important for Canara Bank PO 2018 Exam-
  • Dr Urjit Patel is the 24th Governor of RBI.
  • RBI Headquarters in Mumbai.

Sports News

8. Cricket Canada Unveils ICC-Approved T20 League

i. Canada’s own first franchise-based Twenty20 league “Global T20 Canada”, was announced in New Delhi. The Global T20 Canada League will begin functioning from July 2018 at three venues in Toronto.
ii. Global T20 Canada League has received official sanction of the International Cricket Council (ICC). Cricket Canada has become the first Associate member of the ICC to start a Twenty20 franchise league in the North America market.
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