Current Affairs 2nd August 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 August 2018: Daily GK Update

National News

1. Important Cabinet Approvals: 1st August 2018 
Important Cabinet Approvals- 1st August 2018

i. The Union Cabinet chaired by Prime Minister Narendra Modi has given the following set of approvals. The important Cabinet Approvals are given as follows-
ii. The Cabinet has approved- 
1. Extension of Concessional Financing Scheme (CFS) to support Indian Entities bidding for strategically important infrastructure projects abroad.
Find The Complete Approvals Here 

2. 2-Day Indo-US Military Cooperation Meeting Begins in New Delhi 

i. A two-day Indo-US Military Cooperation Meeting began in New Delhi as a prelude to 2 plus 2 Dialogue between the two countries scheduled in September 2018. The meeting was co-chaired by Lt Gen Satish Dua, Chief of Integrated Defence Staff to the chairman, Chiefs of Staff Committee (CISC) and Lt Gen Bryan Fenton, Deputy Commander, Indo-Pacific Command. 
ii. External Minister Sushma Swaraj and Defence Minister Nirmala Sitharaman would meet their US counterparts in 2 plus 2 meeting in September in New Delhi. A first such initiative between the two countries that will focus on strengthening defence and strategic ties. 

Static/Current Takeaways Important for SBI PO/Clerk Exam 2018-
  • Donald Trump is the 45th President of the USA.
  • Washington DC is the capital city of USA.

3. IWAI Launches Dedicated Portal FOCAL For Cargo Owners And Shippers

i. The Inland Waterways Authority of India (IWAI) has launched a dedicated portal to connect cargo owners and shippers with real-time data on the availability of vessels.
ii.  The portal has been named as the Forum of Cargo Owners and Logistics Operators (FOCAL) and it will facilitate responses from the logistics operators against the requirement raised by cargo owners and vice-versa.

Static/Current Takeaways Important for SBI PO/Clerk Exam 2018- 
  •  Nutan Guha Biswas is the chairperson of IWAI.

4. NITI Aayog To Host Investors’ Conference For Development of Islands 

i. NITI Aayog will host an Investors’ Conference at Pravasi Bharatiya Kendra for the Holistic Development of Islands. The Conference will be inaugurated by Amitabh Kant, CEO, NITI Aayog. It will attract investment for the sustainable development of eco-tourism projects in Andaman & Nicobar and Lakshadweep islands. 
ii. The 11 anchor tourism projects are proposed to be implemented with private sector participation under suitable risk-sharing model and through open-competitive bidding.

Static/Current Takeaways Important for SBI PO/Clerk Exam 2018- 
  • NITI- National Institution for Transforming India.
  • NITI Aayog Vice-Chairman- Rajiv Kumar, CEO- Amitabh Kant.

5. Rajasthan 1st State to Implement Biofuel Policy 

i. Rajasthan has become the first State in the country to implement the national policy on biofuels unveiled by the Centre this year. The desert State will lay emphasis on increasing production of oilseeds and establish a Centre for Excellence in Udaipur to promote research in the fields of alternative fuels and energy resources. 
ii. The policy on biofuels seeks to help farmers dispose of their surplus stock in an economic manner and reduce the country’s oil import dependence. 

Static/Current Takeaways Important for SBI PO/Clerk Exam 2018- 
  • Rajasthan CM- Vasundhara Raje, Governor- Kalyan Singh. 

6. India, Germany Sign Pact On Financial And Technical Cooperation 

i. India and Germany have signed an agreement on financial and technical cooperation focusing on sustainable urban development and renewable energy. The government-to-government Umbrella Agreement on Financial Cooperation and Technical Co-operation 2017 is worth about 5,000 thousand crore rupees. 
ii. The agreement under the Indo-German Bilateral Development Cooperation was signed between Joint Secretary in the Finance Ministry, Sameer Kumar Khare, and German Ambassador to India, Martin Ney, in New Delhi. 

Static/Current Takeaways Important for SBI PO/Clerk Exam 2018- 
  • Germany Capital: Berlin, Currency: Euro, Chancellor: Angela Merkel.

International News

7. France’s Parliament Signed Into Law, Asylum and Immigration Bill 

i. France’s Parliament has signed into law a controversial asylum and immigration bill. The bill is designed to accelerate asylum procedures by cutting the maximum processing time from the current 120 days to 90 days after entering France. 
ii. The text was adopted on a final reading by 100 votes in favour to 25 against with 11 abstentions. The Senate had rejected the bill, but the Lower House passed the text as President Emmanuel Macron’s La Republique En Marche party holds a large majority, even if the law has exposed divisions within his own camp.

Static/Current Takeaways Important for SBI PO/Clerk Exam 2018- 
  • France President: Emmanuel Macron, Capital: Paris, Prime minister: Edouard Philippe, Currency: Euro, CFP franc.

8. NDA Act 2019 Passed, Capping US Aid To Pakistan To $150 million 

i. The United States Congress has passed the National Defense Authorisation Act-2019 (NDAA-19) which capped its security-related aid to Pakistan to $150 million, significantly below the historic level of more than $ 1 billion to $750 million per year. 
ii. This year’s defence legislation removes certain conditions like action against Haqqani network or Lashkar-e-Taiba (LeT) as was the case in the past few years for disbursement of US aid to Pakistan. 

Awards


9. Indian-Origin Mathematician Akshay Venkatesh Wins Prestigious Fields Medal 

i. Akshay Venkatesh, a renowned Indian-Australian mathematician, is one of four winners of mathematics’ prestigious Fields medal, known as the Nobel prize for math. New Delhi-born Venkatesh, 36, who is currently teaching at Stanford University, has won the Fields Medal for his profound contributions to an exceptionally broad range of subjects in mathematics.
ii. Each winner receives a 15,000 Canadian-dollar cash prize. The other three winners are: Caucher Birkar, a Cambridge University professor of Iranian Kurdish origin; Germany’s Peter Scholze, who teaches at the University of Bonn and Alessio Figalli, an Italian mathematician at ETH Zurich. 

Static/Current Takeaways Important for SBI PO/Clerk Exam 2018-
  • The Fields medals are awarded every four years to the most promising mathematicians under the age of 40. 
  • The prize was inaugurated in 1932 at the request of Canadian mathematician John Charles Fields, who ran the 1924 Mathematics Congress in Toronto. 


Sports News

10. Lewis Hamilton Wins 6th Hungarian Formula 1 Grand Prix 

i. Lewis Hamilton of Mercedes won the Hungarian Grand Prix for the 6th time, at the Hungaroring circuit, in Hungary. This is the 67th career victory for Lewis Hamilton. 
ii. Daniel Ricciardo was named Driver of the Day by Formula One for finishing at fourth position after starting from the 12th position. Sebastian Vettel of Ferrari finished second in the race. 

11. World Junior Squash Championships 2018 Concludes in Chennai 

i. World Junior Squash Championships 2018 was held in Chennai, India. A total of 171 players including 116 men and 55 women from 28 countries took part in the World Junior Squash Championship. Cyrus Poncha was the tournament director.
ii. The individuals event for men and women are held every year since 2009. The team event is biennial. Egypt national junior squash team defeated England 2-0 in the final and emerged as the 2018 World Junior Squash Champions. India finished in 11th position.
Find The Complete Table of Winners Here



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