Current Affairs 30th 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 30th August 2018: Daily GK Update

National News

1. India’s Economic Growth Rate To Grow At 7.4% in 2018-19: RBI

i. The Reserve Bank of India has released its annual report in Mumbai. It was mentioned in the report that due to the evolving economic conditions, real GDP growth for 2018-19 is expected to increase to 7.4% from 6.7% in the previous year.
ii. The RBI stated that its monetary policy will continue to be guided by the objective of achieving medium-term target for retail inflation of 4%. 

Static/Current Takeaways Important for Indian Bank PO Exam 2018- 
  • Urjit Patel- 24th Governor of RBI, Headquarters- Mumbai, Established on- 1st April 1935, in Kolkata. 

2. ISRO To Outsource Production Of PSLVs and SSLVs To Private Industries 

i. The Indian Space Research Organisation (ISRO) will outsource the production of the Polar Satellite Launch Vehicles (PSLVs) and Small Satellite Launch Vehicles (SSLVs) to private Industries. The Indian Space agency Chairman K Sivan made this announcement. 
ii. The ISRO will launch Gaganyaan, India’s first manned mission to outer space in 2020. As per the announcement, the Indian Air Force will identify six persons who can be trained to be astronauts. 

Static/Current Takeaways Important for Indian Bank PO Exam 2018- 
  • Dr K Sivan is Chairman of ISRO.
  • ISRO stands for Indian Space Research Organization.
  • Headquarters of ISRO- Bengaluru, Karnataka.

3. Cabinet Approves Earth Sciences Ministry’s Umbrella Scheme ‘O-SMART’ 

i. The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi gave its approval for implementation of an umbrella scheme ‘Ocean Services, Technology, Observations, Resources Modelling and Science (O-SMART)’. 
ii. The CCEA approved the scheme for implementation during the period from 2017-18 to 2019-20 at an overall cost of Rs 1623 crore. The scheme covers a total of 16 sub-projects, which address ocean development activities such as services, technology, resources, observations and science. 

Static/Current Takeaways Important for Indian Bank PO Exam 2018- 
  • Nitin Jairam Gadkari is the present Minister of Shipping of India. 


4. India and ADB Sign $375 Million Loan to Improve Irrigation Efficiency in Madhya Pradesh 

i. The government of India and the Asian Development Bank (ADB) signed a $375 million loan agreement to contribute to double farming incomes in Madhya Pradesh by expanding irrigation networks and system efficiency.
ii. The Madhya Pradesh Irrigation Efficiency Improvement Project will develop 125,000 hectares of new, highly efficient and climate resilient irrigation networks and improve water use efficiency in more than 400 villages, benefiting over 800,000 people in Madhya Pradesh. 

Static/Current Takeaways Important for Indian Bank PO Exam 2018- 
  • The Asian Development Bank is a regional development Bank established in 1966.
  • Headquarters of ADB is in Manila, Philippines.
  • Takehiko Nakao is Present President of the Asian Development Bank. 

5. MoU Signed Between Department of Biotechnology and International Energy Agency 

i. The Department of Biotechnology (DBT), Ministry of Science and Technology, and the International Energy Agency (IEA) signed an MoU on Enhancing Innovation for Clean Energy Transition. 
ii. The MoU seeks to deepen co-operation in support of clean energy innovations to accelerate the research, development, and demonstration (RD&D) of clean energy technologies in India and will help support the generation of data for policymaking and improve knowledge of good policy practices for innovation in India and around the world. 

Static/Current Takeaways Important for Indian Bank PO Exam 2018- 
  • Dr. Harsh Vardhan is the Minister, for Science & Technology and Earth Sciences, Environment, Forest and Climate Change. 

6. Google Unveils New Platform Named 'Navlekha' For Indian Publishers 

i. Google announced Project Navlekha at its 4th edition of Google for India Event held in New Delhi. Project Navlekha has been launched to enable Indian publishers of regional languages to publish their content online, without facing the trouble of selling printed copies. 
ii. The official website of Navlekha can be easily interpreted by users. Users can also obtain help from experts to set up their publication website. 

International News


7. 4th BIMSTEC Summit 2018 Starts in Kathmandu

i. The 4th BIMSTEC Summit began in Kathmandu, Nepal. The two-day Summit will be held with the main focus on countering terrorism, enhancing regional connectivity and boosting trade. 
ii. The theme of the summit is 'Towards a peaceful, prosperous and sustainable Bay of Bengal region'. Prime Minister Narendra Modi will hold bilateral talks with leaders of BIMSTEC countries on the sidelines of the summit. 

Static/Current Takeaways Important for Indian Bank PO Exam 2018- 
  • The group was formed in 1997 and it brings together Bangladesh, Bhutan, India, Nepal, Sri Lanka, Myanmar and Thailand. 
  • The grouping accounts for 22 per cent of the global population. 
  • Nepal is the current chair of BIMSTEC. 

Asian Games 2018

8. Arpinder Singh Wins Gold In Triple Jump 

i. Arpinder Singh ended India's 48-year long wait for a gold in triple jump at the Asian Games with an effort of 16.77m. India's last Asian Games gold medal in men's triple jump had come in 1970 from Mohinder Singh Gill. 
ii. Arpinder, who has been without a medal in multi-sporting events since winning a bronze in the 2014 Commonwealth Games, produced his best jump of 16.77m in his third attempt. 


9. Swapna Barman, 1st Indian Heptathlete To Win Gold In Asian Games

i. Swapna Barman created history by becoming the first Indian heptathlete to win an Asian Games gold in Indonesia, a feat she achieved despite a toothache. 
ii. The 21-year-old Barman logged 6026 points from the seven events competed for two days. En route to the title, she won the high jump (1003 points) and javelin throw (872 points) events and finished second-best in shot put (707 points) and long jump (865 points). 

Static/Current Takeaways Important for Indian Bank PO Exam 2018- 
  • The Host cities for Asian Games 2018 are Jakarta and Palembang, Indonesia. 
  • Bhin Bhin, Kaka, and Atung are the mascots of the 2018 Asian Games. 


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