Current Affairs 23rd May 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 23rd 2018: Daily GK Update


National News


1. Important Cabinet Approvals- 23rd May 2018
Important Cabinet Approvals- 02nd May 2018

i. The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given the following set of approvals. The important Cabinet Approvals are given as follows-
ii. The Cabinet has approved-
1. MoU between India and Angola for promoting bilateral cooperation in the field of Electronics and Information Technology.
2. MoU signed between India and France in the field of Renewable Energy.
Find the Complete List of Approvals Here


2. MCX Launches India's 1st Copper Options

i. India's Multi Commodity Exchange had launched the country's first copper options contracts. Three contracts with a lot size of 1 tonne were launched.
ii. The option contract will provide physical market participants an additional instrument to hedge their risk.

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • The Managing Director of MCX is Mrugank Paranjape.

3. Finance Ministry Ties Up With 40 Companies Under Mudra Scheme

i. The Union Finance Ministry has tied up with 40 entities including Flipkart, Swiggy, Patanjali and Amul for extending loans to small entrepreneurs under the Pradhan Mantri Mudra Yojana (PMMY).
ii. In order to identify people who can be given funds under the Pradhan Mantri Mudra Yojana (PMMY), the ministry has organised an event in Mumbai to extend loan under the scheme.

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • PMMY was launched by Prime Minister Narendra Modi on April 8, 2015, for providing loans of up to Rs 10 lakh to the non-corporate, non-farm small/micro enterprises.

4. Minimum Compensation of Rs1 crore To Paramilitary Jawan Who Dies In Action

i. Home Minister Rajnath Singh has announced that the family of a paramilitary jawan who dies in action will be given a minimum compensation of one crore rupees. 
ii. The Home Minister presented gallantry awards to BSF jawans and officers. 

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • The Border Security Force came into existence on 01 Dec 1965, and Mr K F Rustamji was the 1st chief and founding father.
  • BSF Headquarters in New Delhi.
  • KK Sharma is the present Director General of BSF.


Appointments


5. Pravin Agrawal Appointed BHEL Director

i. State-run power equipment maker Bharat Heavy Electricals Ltd (BHEL) has appointed Pravin L. Agrawal as a part-time official director on its board.
ii. An Indian Forest Service officer, Agrawal is presently joint secretary in the Department of Heavy Industry (DHI), Ministry of Heavy Industries and Public Enterprises.


6. HD Kumaraswamy Took Oath as New Karnataka CM

i. The JD(S)-Congress coalition government head HD Kumaraswamy was sworn-in as the New Chief Minister of Karnataka. Governor Vajubhai Vala administered the oath of office and secrecy to Kumaraswamy.
ii. Congress Leader G. Parameshwara was sworn in as Deputy Chief Minister. There are 221 elected members in the Legislative Assembly, and the coalition partners have 117 members.


Banking News


7. Bank of Baroda Locates Major Operations at GIFT City

i. Bank of Baroda has successfully located most of its operational activities at a shared service centre (SSC) at the GIFT City near Ahmedabad. 
ii. The bank will thus become one of the largest employers in the Ahmedabad-Gandhinagar region. The bank had taken 20,000 sq, ft of office space in GIFT City, making it the first Indian bank to move several key operations to the smart city.

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • P. S. Jayakumar is the MD and CEO of Bank of Baroda.
  • It headquarters in Vadodara, Gujarat.

Awards

8. English Translation of Polish Novel ‘Flights’ Wins Man Booker Prize

i. Polish author Olga Tokarczuk has won the Man Booker International Prize for her novel ‘Flights’. The novel, translated by Jennifer Croft, interweaves narratives of travel with explorations of the human body.
ii. It bagged the 67,000 US dollar prize after topping a shortlist of six titles, with Tokarczuk becoming the first Polish writer to win the award. The head judge of the awards was Lisa Appignanesi. 

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • The Man Booker International Prize celebrates the English translations of works of international literature.
  • In 1971, V.S. Naipaul’s novel In a Free State was the first book by an Indian novelist to win the Booker.

Sports

9. AB de Villiers Retires From International Cricket

i. Star South African batsman AB de Villiers has announced his decision to retire from international cricket with immediate effect. In his 14-year career, he played 114 Tests, 228 One-Day Internationals (ODI) and 78 T20 Internationals. 
ii. Some of the Phenomenal Records of ABD are:
The World Record for the fastest ODI 50 (16 balls), 100 (31 balls) and 150 (64 balls), the second highest individual Test score for South Africa (278*), the highest points (935) by a South African on the ICC Test rankings.


10. Manika Batra, Mirabai Chanu Sign Up With IOS Sports

i. Commonwealth gold medal winning table tennis star Manika Batra and weightlifter Mirabai Chanu have signed multi-year agreements with sports management firm IOS.
ii. IOS will now manage their endorsements, appearances, brand profiling, patents, licensing and digital rights, images, and visibility on social networking sites. With this deal, Manika and Mirabai join the likes of boxing stars MC Mary Kom, Vijender Singh and Saina Nehwal on the IOS roster.



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