Current Affairs 05th September 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 05th September 2018: Daily GK Update

National News

1. Manoj Sinha Inaugurates Conference On 'E-Mobility in Indian Railways' 

i. A Conference on “E-Mobility in Indian Railways” organized by Ministry of Railways through Institution of Railways Electrical Engineers (IREE) in association with NITI Aayog concluded in New Delhi. 
ii. The one-day conference was inaugurated by the Minister of State of Communication (I/C) and Minister of State of Railways, Shri Manoj Sinha. It was a pre-cursor to the “Move: Global Mobility Summit” to be organized by NITI Aayog. 

2. Government Approved Proposal To Increase Wages Of Artisans By Over 36% 

i. The Union Ministry of Micro, Small and Medium Enterprises (MSME) approved a proposal by the Khadi and Village Industries Commission (KVIC) to increase the wages of artisans by over 36%. 
ii. With this, the wages will be increased from Rs 5.50 per hank previously to Rs 7.50 per hank. This proposal for an increase in wages to Khadi spinners, along with payment of government subsidy Modified Market Development Assistance (MMDA), will be implemented.

Static/Current Takeaways Important for Indian Bank PO Exam 2018- 
  • Giriraj Singh is the Minister of State (Independent Charge) of the Ministry of Micro, Small and Medium Enterprises. 

3. Suresh Prabhu Launches Technology Initiatives For Coffee Stakeholders 

i. Minister for Commerce & Industry and Civil Aviation, Suresh Prabhu launched Coffee Connect - India coffee field force app and Coffee KrishiTharanga - digital mobile extension services for coffee stakeholders at a function in New Delhi. 
ii. The mobile app Coffee Connect has been developed to ease the work of field functionaries and to improve the work efficiency. The Coffee KrishiTharanga services are aimed at providing customized information and services to increase productivity, profitability, and environmental sustainability. 

Static/Current Takeaways Important for Indian Bank PO Exam 2018- 
  • M.S. Boje Gowda is the present chairman of Coffee Board of India. 
  • It headquarters in Bengaluru, Karnataka. 

International News

4. International Day of Charity: 5 September 

i. The International Day of Charity is observed globally on September 5 with an aim to recognise the role of charity in alleviating human suffering within and among nations, as well as to recognise the efforts of charitable organisations and individuals such as Mother Teresa.
ii. The United Nations General Assembly proclaimed 5 September as International Day of Charity on December 17, 2012. The day was first celebrated in the year 2013.

Static/Current Takeaways Important for Indian Bank PO Exam 2018- 
  • The United Nations Secretary-General- Antonio Guterres, Headquarters- New York, the USA, Established in- 1945. 

5. International Women Entrepreneurs Summit 2018 Held In Nepal 

i. The International Women Entrepreneurs Summit 2018 is being held in Kathmandu, the capital of Nepal. Vice President of Nepal Nanda Bahadur Pun inaugurated the summit. The theme of the 3-day event is “Equality begins with Economic Empowerment”. 
ii. The main objective of the summit is to bring together achievers, women business leaders, professionals, international service providers, resource organizations, experts, government representatives and other stakeholders. 

Static/Current Takeaways Important for Indian Bank PO Exam 2018- 
  • The event is organised by the South Asian Women Development Forum. 
  • 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. 

6. Indo-Kazakhstan Joint Exercise 'KAZIND 2018' To Be Held in Kazakhstan 

i. Indo-Kazakhstan Joint Army Exercise 'KAZIND' will be conducted between the Indian and Kazakhstan Army from 10 to 23 Sep 2018 in Otar region, Kazakhstan. This is the third joint military exercise between the two countries which have a history of extensive cooperation in the defence arena.
ii. The aim of the exercise is to build and promote bilateral Army to Army relations and exchange skills and experiences between Kazakhstan Army and the Indian Army. 

Static/Current Takeaways Important for Indian Bank PO Exam 2018- 
  • Kazakhstan Capital: Astana, Currency: Kazakhstani tenge. 
  • The second edition of the exercise was held in India. 

7. Arif Alvi Elected Pakistan's New President 

i. Pakistan Tehreek-e-Insaf (PTI) candidate Arif-ur-Rehman Alvi was elected as the 13th President of Pakistan, the result data from the Election Commission of Pakistan (ECP) confirmed.
ii. A total of 430 votes were cast in the National Assembly and the Senate, with Alvi bagging 212 of them. President-elect Alvi will succeed outgoing President Mamnoon Hussain and assume office on September 9. 

Static/Current Takeaways Important for Indian Bank PO Exam 2018- 
  • Pakistan Capital: Islamabad, Prime minister: Imran Khan, Currency: Pakistani rupee. 

Banking News

8. HDFC ERGO Makes Cyber Insurance Personal With Launch of 'E@Secure' 

i. HDFC ERGO, India's third-largest non-life insurance provider in the private sector, announced the launch of 'E@Secure', a Cyber Insurance Policy for individuals. 
ii. This policy aims at providing comprehensive protection to individuals and their families against any cyber-attacks, cyber frauds or digital threats that could lead to a financial loss and or reputational loss. 
iii. According to the National Crime Records Bureau (NCRB) report 2016, there has been an increase in the incidence of Cyber Crimes by 6.3% in 2016 (12,317) over 2015 (11,592). 

Static/Current Takeaways Important for Indian Bank PO Exam 2018-
  • HDFC ERGO is a non-life insurance provider in the private sector. 
  • It headquarters in Mumbai. 

9. Sanctioned Rs 335 Crore to West Bengal in August: NABARD 

i. National Bank for Agriculture and Rural Development (NABARD) has sanctioned an amount of Rs 335 crore under the Rural Infrastructure Development Fund (RIDF) to West Bengal. The fund, alloted in August, would be used for 158 minor irrigation projects and 23 flood protection projects.
ii. The minor irrigation projects are expected to benefit 20,506 hectares, covering 3.09 lakh population in 699 villages of 22 districts, while the flood protection projects would address the problem of rapid bank erosion caused by rivers. 

Static/Current Takeaways Important for Indian Bank PO Exam 2018- 
  • NABARD Chairman- Harsh Kumar Bhanwala, Headquarters- Mumbai, Established on- 12 July 1982. 

Sports News

10. RP Singh Announces Retirement From International Cricket 

i. Indian Pacer RP Singh announced his retirement from International Cricket, exactly 13 years after making his international debut.
ii. The 32-year-old, who was a part of India's 2007 World T20-winning team, played 82 international matches and picked up over 100 wickets between 2005 and 2011.

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