Current Affairs 02nd July 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 02nd July 2018: Daily GK Update

National News

1. Jharkhand To Set Up Country's 1st Khadi Mall 

i. Jharkhand Chief Minister Raghubar Das announced that the first 'Khadi Mall' of the country will be opened in Jharkhand. The land in the Heavy Engineering Corporation (HEC) campus will be made available to the Khadi Board to develop the country's first Khadi mall.
ii. The artisans would be provided technological aid for value addition in their products, while rural, urban and tourism 'haats' will provide them markets for their goods.

Static/Current Takeaways Important for SBI PO/Clerk Exam 2018-
  • Jharkhand CM- Raghubar Das, Governor- Droupadi Murmu.

2. Government Forms Panel to Upgrade Norms For Computation Of Economic Data

i. The government has set up a 13-member committee to upgrade the norms for computation of economic data at states and districts level in the backdrop of plans to revise the base year for National Accounts or GDP calculation. The Committee for Sub-National Accounts will be headed by Ravindra H Dholakia, a retired professor of IIM Ahmedabad.
ii. The Ministry of Statistics and Programme Implementation (MOSPI) will change the base year to 2017-18 for the calculation of GDP and IIP numbers from the current 2011-12 with an aim to capture changes in the economy.


3. Odisha, RIMES Sign MoU For Effective Disaster Management

i. The Odisha government signed an MoU with the Regional Integrated Multi-Hazard Early Warning System (RIMES) for enhancing early warning system for effective management of all kinds of disaster in the state, including flood, drought, heat wave, lightning, and road accidents.
ii. The government also signed three more MoUs that would benefit the farmers and enhance their production. This agreement enables for development and pilot implementation of decision support systems for automating risk assessment, advisory generation and dissemination.

Static/Current Takeaways Important for SBI PO/Clerk Exam 2018-
  • Odisha CM- Naveen Patnaik, Governor- Ganeshi Lal.

4. Bhitarkanika National Park Becomes Largest Habitat Of Endangered Estuarine Crocodiles 

i. The Bhitarkanika National Park (Odisha) has become the largest habitat of the endangered estuarine crocodiles in the country with a record number of their nesting sites spotted in it. Altogether 101 nesting sites of estuarine crocodiles were found this time by enumerators.
ii. The nesting spots had registered 25% rise this year. At least 1698 crocodiles, including albino species, were counted this year along the water-bodies of Mahanadi delta region, while the figure recorded last year stood at 1682.


5. BSE, BME Tie-Up To Develop Commodity Derivatives Markets

i. Premier stock exchange Bombay Stock Exchange (BSE) has entered into an agreement with the Bombay Metal Exchange (BME) for the growth and systematic development of commodity derivatives markets in the non-ferrous metals complex.
ii. Through this MoU, the BSE and the BME will coordinate and work jointly on initiatives to deepen the understanding of commodity market among stakeholders. 

Static/Current Takeaways Important for SBI PO/Clerk Exam 2018-
  • BSE is Indian stock exchange located at Dalal Street, Mumbai.
  • It was established in 1875, making it Asia’s first stock exchange. 
  • It was first Indian stock exchange to be recognized by Government under the Securities Contracts Regulation Act in 1957.

Appointments

6. Andres Manuel Lopez Obrador Elected Mexico's President 

i. Andres Manuel Lopez Obrador has been elected as Mexico's President with over 53% of the vote, according to the country's electoral commission. Obrador, who has won the presidency at the third attempt, promised to tackle violence and wipe out corruption.
ii. The 64-year-old former Mexico City mayor will formally take power on December 1. His main opponent was Ricardo Anaya.

Static/Current Takeaways Important for SBI PO/Clerk Exam 2018-
  • Mexico Capital- Mexico City, Currency- Mexican peso.

7. Vijay Srinivas Appointed Director & GM of United India Insurance

Chennai-based United India Insurance Company announced the appointment of K B Vijay Srinivas as its Director and General Manager.
ii. Prior to taking up the new role, he was serving National Insurance Company Ltd as its Chief Marketing Officer and General Manager.

Static/Current Takeaways Important for SBI PO/Clerk Exam 2018-
  • United India Insurance Company is the 2nd Largest General Insurance company in India.
  • It headquarters in Chennai, Tamil Nadu.

Sports News

8. Rahul Dravid, 5th Indian To Be Inducted Into ICC Hall Of Fame

i. Former captains Rahul Dravid of India, Ricky Ponting of Australia and retired England Women wicketkeeper-batter Claire Taylor were inducted into the ICC Cricket Hall of Fame 2018 during a glittering ceremony in Dublin, Ireland.
ii. Former Team India captain Rahul Dravid has become the fifth Indian cricketer after Anil Kumble, Sunil Gavaskar, Bishan Singh Bedi and Kapil Dev to be inducted into the ICC Hall of Fame. 

Static/Current Takeaways Important for SBI PO/Clerk Exam 2018-
  • David Richardson is the CEO of International Cricket Council.
  • ICC Headquarters in Dubai, the UAE.


9. Lee Chong Wei Wins Malaysian Open Badminton Singles Title

i. Malaysian veteran Lee Chong Wei has won the Malaysian Open Badminton singles title for a historic 12th time. In the men’s final in Kuala Lumpur, he defeated young Japanese shuttler Kento Momota in straight games.
ii. In the women’s singles final, top seed Tai Tzu Ying from Taiwan saw off China’s He Bingjiao. India’s campaign in the tournament had ended with the defeat of PV Sindhu and Kidambi Srikanth in their singles semi-finals.


10. Australia Wins Hockey Champions Trophy Final 2018

i. In the summit clash of the 37th and final edition of the  Hockey Champions Trophy at Breda, the Netherlands, India lost to defending champions Australia via penalty shoot-off. The match went into the shoot-off after both the teams were locked at 1-1 in regulation time.
ii. It was Australia's record 15th Champions Trophy title. While India won their second consecutive silver medal, hosts the Netherlands bagged the bronze medal.

Static/Current Takeaways Important for SBI PO/Clerk Exam 2018-
  • Netherlands Capital- Amsterdam, Currency- Euro, USD, Prime Minister- Mark Rutte.

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