Current Affairs 6th and 7th 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 6th and 7th May 2018: Daily GK Update

National News

1. SCO Secretary-General in India to Hold Talks with Union Ministers

i. Shanghai Cooperation Organisation Secretary-General Rashid Kutbiddinovitch Alimov arrived in New Delhi to hold talks with External Affairs Minister Sushma Swaraj and other Union ministers. Alimov is scheduled to hold talks on a wide array of matters.
ii. External Affairs Minister Sushma Swaraj will hold a bilateral meeting with Alimov in Delhi. 

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • India became a full member of SCO in June 2017, at an international summit held in Astana, Kazakhstan.

2. CBDT Approves Amendment of India-Kuwait Tax Agreement

i. The Central Board of Direct Taxes (CBDT) notified the protocol amending the Double Taxation Avoidance Agreement (DTAA) between India and Kuwait.
ii. The protocol updates the provisions in the DTAA for the exchange of information as per international standards, and also enables sharing of information received from Kuwait for tax purposes with other law enforcement agencies, subject to an authorisation of the competent authority of Kuwait and vice versa.

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • Kuwait Capital- Kuwait City, Currency- Kuwaiti dinar.

3. India, Sri Lanka Agree on Information Exchange for Drug Control

i. India and Sri Lanka agreed on cooperation on exchange of information and other aspects to tackle smuggling of drugs in both countries.
ii. A decision to this effect was taken at the third bilateral meeting between delegations from India's Narcotics Control Bureau (NCB) and Sri Lanka's Police Narcotics Bureau (PNB) on narcotics, drugs and psychotropic substances and related matters in New Delhi.

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • Srilanka Capital- Colombo (commercial capital), Sri Jayawardenepura Kotte (Official Capital), Currency- Sri Lankan rupee, President- Maithripala Sirisena.


4. Skill India Organized 'Ajeevika and Kaushal Vikas Mela' in Bhubaneswar

i. Ministry of Skill Development and Entrepreneurship (MSDE) and Ministry of Rural Development (MoRD), together joined hands to amplify the “Gram Swaraj Abhiyaan” of the current incumbent government which is promoting social harmony and awareness around the pro-poor initiatives of the government.
ii. MSDE organized a Kaushal and Rojgar Mela at New Women’s College in Bhubaneswar, Odisha, where more than 5000 people from different walks of life participated.  More than 29 state of art multi-skill ‘Pradhan Mantri Kaushal Kendras’ were also launched digitally across the country.

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • Odisha Capital- Bhubaneshwar, CM- Naveen Patnaik, Governor- Satya Pal Malik (In-charge).

5. Social Justice Ministry Organised ‘Cochlear Implant Awareness Programme’

i. The Department of Empowerment of Persons with Disabilities (DEPwD) under Union Ministry of Social Justice and Empowerment organised a ‘Cochlear Implant Awareness Programme’ at Huda Convention Centre in Faridabad, Haryana.
ii. The Minister of State for Social Justice & Empowerment, Krishan Pal Gurjar was the Chief Guest in the programme. Under the Assistance to Disabled persons (ADIP) scheme of the DEPwD, there is a provision for Cochlear Implant surgeries of hearing impaired children up to the age of 5 years at the cost of Rs 6.00 Lakhs per unit.

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • The cochlear implant (CI) is a surgically implanted electronic device that provides a sense of sound to a person who is profoundly or severely deaf in both ear.

International News

6. Vladimir Putin Sworn-In as Russian President for 4th term

i. Vladimir Putin was sworn-in as the President of Russia for the fourth time, renewing another six-year term in office.
ii. Putin, who has ruled the country as either President or Prime Minister since 1999, won the presidential elections in March with over 76% of the votes.

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

7. Venkaiah Naidu 3-Nation Visit: Arrives in Guatemala on 1st Leg

i. Vice President M Venkaiah Naidu arrived in Guatemala on the first leg of his three-nation tour to Latin America. During his stay in Guatemala city, Mr Naidu will meet the leadership of the nation, with various MoUs expected to be signed.
ii. The discussions will focus on exploring mutual areas of cooperation and formalizing various MoUs in the fields of protection of wildlife, human resource training, education and exchanges between training institutes.

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • Guatemala Capital- Guatemala City, Currency- Guatemalan quetzal.
  • Jimmy Morales is the present President of Guatemala.

Banking News

8. RBI Announced Rs10,000 Crore Bond Purchases

i. The Reserve Bank of India (RBI) announced that it would buy Rs. 10,000 crore ($1.50 billion) of government bonds via open market operation (OMO), after failing to sell all the debt it had offered to bidders.
ii. The 10-year government bond yield rose to 7.75% from 7.74% before the auction result was announced. The eligible participants should submit their offers in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system.

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-

  • Urjit Patel- 24th Governor of RBI, Headquarters- Mumbai, Established on- 1st April 1935, in Kolkata. 

Sports News

9. 3rd South Asian Junior Athletics Championships: India Tops With 50 Medals

i. India finished on top in the 7-nation 3rd South Asian Junior Athletics Championships in Colombo, Sri Lanka on the final day. India ended with 20 gold, 22 silver and 8 bronze medals (Total 50 Medals).
ii. Host Sri Lanka bagged rest of the 12 gold medals in the competition along with 10 silver and 19 bronze. Pakistan won one silver and a bronze to settle for the third place.

Obituaries

10. Renowned Marathi Singer Arun Date Passes Away

i. Veteran Marathi singer Arun Date, known for his popular song "Shukratara" had passed away in Mumbai. He was 84.
ii. He was the first recipient of the state government's 'Gajananrav Vatave Puraskar'. Mr Date was very famous for non-film 'bhavgeet' (lyrical poetry) songs.

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