Current Affairs 03rd April 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. Here is the Daily GK Update to get you acquainted with the top events that made the headlines today!!

Current Affairs 03rd April 2018: Daily GK Update

National News

1. Nirmala Sitharaman in Russia to attend Moscow Conference

i. Defence Minister Nirmala Sitharaman is in Russia to attend the 7th Moscow Conference on International Security. This is her first visit to Russia in her capacity as the Defence Minister.
ii. During her three-day tour, she will meet her Russian counterpart Army General Sergei Shoigu and other senior leaders.

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • Russia Capital- Moscow, Currency- Russian ruble, President- Vladimir Putin.

2. West Bengal Introduces 'Rupashree Scheme’ for Marriage of Poor Girls

i. The state government of West Bengal introduced a new scheme called ‘Rupashree’ in order to provide marriage assistance to girls coming from economically weaker families with a budgetary allocation of Rs 1500 crore.
ii. The scheme proposes to extend one-time financial assistance worth Rs 25,000 to the family of the girl whose annual income is up to Rs 1.5 lakh. 

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • West Bengal CM- Mamata Banerjee, Governor- Keshri Nath Tripathi.

3. World-Class Tourist Amenities Unveiled at Konark Sun Temple

i. A world-class interpretation centre and other tourist facilities for visitors were inaugurated at the Konark Sun Temple, Odisha.
ii. It coincided with Utkal Diwas, Odisha's foundation day. The facilities were inaugurated by the Union Petroleum Minister Dharmendra Pradhan. 

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • Konark Sun Temple is a UNESCO World Heritage Site.
  • It was built in the 13th century.

4. E-Way Bill for Inter-State Movement of Goods Comes into Force

i. With the beginning of the financial year 2018-19, the e-way Bill System for Inter-State movement of goods comes into force.
ii. Under this system businesses and transporters have to produce before a GST inspector e-way bill for moving goods worth over Rs 50,000 from one state to another. 

Ranks & Reports 


5. India Ranks 37th in Global Startup Ecosystem: Startupblink Report

i. According to report released by global startup ecosystem map Startupblink, India was ranked 37th out of 125 countries in global startup ecosystem in 2017. Startupblink is a global startup ecosystem map with tens of thousands of registered startups, coworking spaces, and accelerators.
ii. The list, measuring startup ecosystem strength and activity, was topped by the United States followed by the United Kingdom.


6. Bloomberg Billionaires Top 100 Index Released

i. Reliance Industries Chairman and Managing Director Mukesh Ambani has been ranked 19th on Bloomberg Billionaires Top 100 Index as he becomes the third richest Asian on the list. With a net worth of approximately $38.3 billion, Ambani’s wealth is pegged at about over 1.5 percent of India’s GDP.
ii. While Amazon CEO Jeff Bezos has added $21.8 billion to his fortunes this year and takes the top spot, Microsoft founder Bill Gates was ranked 2nd.
iii. From Asia, Alibaba co-founder Jack Ma (ranked 13th) is the richest with a net worth of $47.2 billion and is followed by Tencent co-founder and CEO Pony Ma (17) with a $41.1 billion net worth.


Business News

7. Ola Acquires Ticketing App Firm Ridlr

i. Ride-hailer Ola has acquired Mumbai-based Ridlr, an end-to-end public transport ticketing and commuting app. The acquisition will complement Ola’s efforts to integrate its mobility platform with public transportation infrastructure.
ii. Founded in 2012, Ridlr enables users to search and book public transport options on their mobile phones.

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • Headquarter of Ola is in Bangalore, Karnataka. 
  • CEO of Ola is Bhavish Aggarwal.

8. SoftBank Signs $930 million Deal to Set Up Solar Venture in India

i. SoftBank has signed a $930-million deal with China's energy conglomerate Golden Concord (GCL) to produce and sell solar equipment in India.
ii. GCL will invest for a 40% stake in the joint venture, with SoftBank taking the rest. The project will have a 4 gigawatt-capacity and will produce solar ingots, silicon wafers, batteries, and components.

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • Chairman & CEO of Soft Bank- Masayoshi Son, Headquarters- Tokyo, Japan.


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