Current Affairs 7th 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 7th July 2018: Daily GK Update

National News

1. 1st Meeting Of e-Commerce Task Force Held in New Delhi

i. Commerce Secretary, Rita Teaotia, chaired the first meeting of the Task Force on e-commerce in New Delhi. The meeting deliberated upon the suggestions emerging from the sub-group meetings held in June 2018.
ii. It was decided to set up a Task Force in the first meeting of the Think Tank, on the framework for national policy on e-commerce, held in April 2018, under the chairmanship of Suresh Prabhu, Minister of Commerce & Industry and Civil Aviation.

2. AAI To Set up Civil Aviation Research Organization In Hyderabad 

i. State-run Airports Authority of India (AAI) will set up a state-of-the-art Civil Aviation Research Organization (CARO) at Hyderabad’s Begumpet Airport to find indigenous solutions to meet the challenges posed by the growing air traffic and for enhancing safety, capacity and efficiency of aircraft operations in the country.
ii. AAI has earmarked Rs 1,200 crore for this project that will be spent over 12 years for research and development. CARO is expected to be built in three years. Union aviation minister Suresh Prabhu laid the foundation stone for CARO which will be spread over 27 acres and cater to air navigation services and airport/engineering research.

Static/Current Takeaways Important for SBI PO/Clerk Exam 2018-
  • The Chairman of Airports Authority of India is Guruprasad Mohapatra.

International News

3. International Day of Cooperatives: 7 July

i. The International Day of Cooperatives is observed across the world on July 7 with an aim to promote the co-operative model, since it contains aspects of sustainable development at its core and is based on ethical values and principles.
ii. The 2018 theme of the Day is the ‘Sustainable societies through cooperation’.  

4. UN Member States Approve USD 6.69 billion For 13 Peacekeeping Operations

i. The UN member states have approved a 6.69 billion US Dollar budget for 13 peacekeeping operations for the year 2018-19.
ii. The Committee also approved significant management reforms including the creation of two new departments focused on political and peacebuilding affairs and four stand-alone divisions for Africa. 

Static/Current Takeaways Important for SBI PO/Clerk Exam 2018-
  • Antonio Guterres is the Secretary-General of the United States.
  • The UN Headquarters in New York, United States.
  • The United States is the biggest contributor to the United Nations.

5. Nepal, India To Jointly Promote Tourism

i. The 2nd meeting of the joint working group on tourism cooperation between India and Nepal concluded in Kathmandu, Nepal. The meeting also decided to set up an industry-led India Nepal Tourism Forum. 
ii. The Indian delegation was led by the Joint Secretary, Ministry of Tourism Suman Billa, while Nepalese side was led by Joint Secretary, Ministry of Culture, Tourism and Civil Aviation Ghanshyam Upadhyaya.

Static/Current Takeaways Important for SBI PO/Clerk Exam 2018-
  • Khadga Prasad Sharma Oli is the current Prime Minister of Nepal.
  • Bidhya Devi Bhandari is the current President of Nepal and commander in chief of Nepalese Army. 
  • The Nepalese Rupee is the currency of Nepal. 
  • Kathmandu is the Capital of Nepal.

6. India To Operate 'World’s Emptiest Airport' In Sri Lanka 

i. The Mattala Rajapaksa International Airport (MRIA) would be operated as a Sri Lanka-India joint venture. The $210 million facility, 241km south-east of Colombo, is dubbed the “world’s emptiest airport” due to a lack of flights.
ii. India would operate the airport as a Sri Lanka-India joint venture. The joint venture would see India gain a major stake of the airport. 

Static/Current Takeaways Important for SBI PO/Clerk Exam 2018-
  • Sri Lanka Capitals- Colombo, Sri Jayawardenepura Kotte, President- Maithripala Sirisena. 

7. Mark Zuckerberg Becomes World’s 3rd-Richest Person

i. Facebook Inc. co-founder Mark Zuckerberg has overtaken Warren Buffett as the world’s third-richest person. Zuckerberg, who trails only Amazon.com Inc. founder Jeff Bezos and Microsoft Corp. co-founder Bill Gates, eclipsed Buffett as Facebook shares climbed 2.4%, according to the Bloomberg Billionaires Index.
ii. It’s the first time that the three wealthiest people on the ranking made their fortunes from technology. 


Banking/Business News


8. HDFC Bank, Most Valuable Bank In Emerging Market Outside China 

i. HDFC Bank has gone past Russia's Sberbank to become the most valuable bank in the emerging market outside China. HDFC Bank’s current market capitalisation is $78.4 billion against Sberbank's $74.4 billion. Chinese banks are leading the pecking order in the emerging market, with Industrial & Commercial Bank of China topping the list with a market cap of $273.4 billion.
ii. Globally, America's JPMorgan Chase is the most valuable with a market cap of $353 billion, followed by Bank of America at $282 billion. There are four lenders from India that now rank among the world's 500 most valuable companies. HDFC Bank is followed by its housing finance cousin Housing Development Finance Corporation (HDFC), Kotak Mahindra Bank and State Bank of India.

Static/Current Takeaways Important for SBI PO/Clerk Exam 2018-
  • HDFC Bank- India’s largest private bank by market capitalization. 
  • HDFC Bank Chairman- Aditya Puri, Headquarters- Mumbai. 
  • Reserve Bank of India labelled HDFC Bank as ‘domestic systematically important bank’ - in other words, 'too big to fail'.

9. RIL Becomes India's Largest Tax Payer In Private Sector 

i. Reliance Industries Chairman Mukesh Ambani at the Reliance Industries’ 41st Annual General Meeting announced that Reliance is India’s largest payer of Goods and Services Tax (GST), Excise and Customs Duty, and Income Tax in the private sector paying Rs.9844 crore in FY18.
ii. Reliance has become the first Indian company to record PBDIT (Profit Before Depreciation Interest and Taxes) of over $10 billion.


Appointments


10. Justice Adarsh Kumar Goel Appointed NGT Chairperson 

i. Justice Adarsh Kumar Goel, who retired from the Supreme Court of India has been appointed as the new Chairperson of the National Green Tribunal (NGT). He has been appointed to the position for a term of five years, as per an order issued by the personnel ministry.
ii. The post of NGT chairperson had been lying vacant for more than 6 months after the retirement of Justice Swatanter Kumar. 

Static/Current Takeaways Important for SBI PO/Clerk Exam 2018-
  • The National Green Tribunal was established on October 18, 2010 under the National Green Tribunal Act 2010 for effective and expeditious disposal of cases relating to environmental protection and conservation of forests and other natural resources.

Sports News


11. Tbilisi Grand Prix, Georgia: Bajrang Punia Wins Gold, Deepak Bronze

i. Bajrang Punia emerged champion at the Tbilisi Grand Prix in the 65kg category after outplaying Iranian wrestler Mehran Nasiri in the final in Georgia. The 2018 Commonwealth Games gold medallist recorded a comfortable 9-3 win over the Iranian.
ii. Meanwhile, in the 86kg category, Deepak Punia clinched a bronze with a 5-3 win over Osman Gosen of Turkey.

Static/Current Takeaways Important for SBI PO/Clerk Exam 2018-
  • Georgia Capitals: Tbilisi, Kutaisi, Currency: Georgian lari.

12. Anju Khosla, Oldest Indian Woman To Complete Ironman Triathlon 

i. At 52, Anju Khosla has become the oldest Indian woman to complete an Ironman Triathlon – one of the toughest one-day sporting events. The New Delhi resident completed her first full Ironman Triathlon, in Carinthia, Austria, in 15 hours, 54 minutes and 54 seconds.
ii. It comprises 3.86 km swimming leg, 180.25 km bike leg followed by a marathon (42.2 km), to be completed without a break.

Read GK Update in Hindi