Current Affairs 27th 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 27th September 2018: Daily GK Update

National News


1. Adultery No Longer A Criminal Offence, SC Strikes Down Section 497 of IPC 

i. A five-judge Constitution Bench led by Chief Justice Dipak Misra scrapped the pre-Independence provision of adultery in the Indian Penal Code (IPC), which treats a married woman as a commodity owned by her husband. Section 497 (adultery) gives a husband the exclusive right to prosecute his wife's lover. If found guilty, the adulterer faces five years behind bars. 
ii. A similar right is not conferred on a wife to prosecute the woman with whom her husband has committed adultery. Secondly, the provision does not confer any right on the wife to prosecute her husband for adultery. 


2. Important Cabinet Approvals: 26th September 2018 
Important Cabinet Approvals- 29th August 2018

The Union Cabinet chaired by Prime Minister Narendra Modi has given the following set of approvals. The important Cabinet Approvals are given as follows-
The Cabinet has approved- 
1. MoU between India and Uzbekistan on Mutual Cooperation in Combating Illicit Trafficking in Narcotics, Drugs, Psychotropic Substances and Precursors,
2. MoU between India and Uzbekistan on Cooperation in the Sphere of Law & Justice,ccess to all with 50 megabit per second speed, 5G services and create 40 lakh new jobs by 2022.
Find The Complete Approvals Here


3. India And Morocco Signed MoU to Enhance Cooperation In MSME Sector

i. India and Morocco signed an MoU for deepening cooperation between MSME sectors of the two countries in Rabat, Morocco. 
ii. Ms. Alka Arora, Joint Secretary in the Ministry of MSME, held bilateral meetings with Mr. Othman El Ferdaous, Secretary of State in the Ministry of Industry, Investment and Trade and Digital Economy and with other related Departments for enhancing cooperation in MSME Sector. 

Static/Current Takeaways Important for IBPS PO Exam 2018- 
  • Morocco Currency- Moroccan dirham, Capital- Rabat  PM- Saadeddine Othmani. 

4. India and Oman Agree to Enhance Bilateral Cooperation

i. Sayyid Badr Saud Harib Al Busaidi, the Minister Responsible for Defence Affairs, Sultanate of Oman, is on an official visit to India at the invitation of Raksha Mantri Smt Nirmala Sitharaman. The Omani Minister met with Raksha Mantri in South Block. 
ii. The three wings of the Armed Forces hold staff talks and advanced joint exercises with each other. Several enabling agreements and Memoranda of Understanding have been signed between the two countries pertaining to defence related issues.

Static/Current Takeaways Important for IBPS PO Exam 2018- 
  • Oman Capital- Muscat  Currency- Omani rial

5. IAF Successfully Test Fires Air-To-Air Astra Missile

i. The Indian Air Force successfully test fired the indigenously developed Beyond Visual Range Air-to-Air Missile Astra from a Su-30 aircraft. The missile, tested at the Kalaikunda Air Force Station, “successfully engaged a manoeuvring target with high precision.”
ii. In the series of trials held till date, Astra has been launched in the complete Su-30 flight envelope. The flight test assumes significance as it was part of the series of final pre-induction trials. 

Static/Current Takeaways Important for IBPS PO Exam 2018- 
  • Current Air Chief Marshal- Birender Singh Dhanoa

International News

6. Argentina Gets Biggest Loan in IMF's History At $57 billion 

i. Argentina has received $57.1 billion from the International Monetary Fund (IMF), the biggest loan package ever from the global body aimed at boosting the country's struggling economy. 
ii. The loan, $15 billion of which has already been received by Argentina, will be disbursed over the next three years. Argentina had originally secured a $50-billion loan in June this year. 

Static/Current Takeaways Important for SBI PO/Clerk Exam 2018- 
  • Managing Director of IMF- Christine Lagarde, Headquarters in- Washington DC, USA. 

7. World Tourism Day: 27 September 

i. World Tourism Day is observed every year globally on 27th September. It is a unique opportunity to raise awareness on the potential contribution of digital technologies to sustainable tourism development. 
ii. “Tourism and the Digital Transformation” is the theme of this year’s World Tourism Day (WTD). Hungary is the host country for this year's WTD. 


Awards 

8. PM Modi Got UN’s Highest Environmental Honour

i. Prime Minister Narendra Modi has been awarded with the UN’s highest environmental honour, also given to five other individuals and organisations, for his leadership of the International Solar Alliance and pledge to eliminate single use plastic by 2022Cochin International Airport was given the award for its leadership in the use of sustainable energy.
ii. Six of the world’s most outstanding environmental changemakers have been recognised with the Champions of the Earth AwardFrench President Emmanuel Macron and Mr. Modi have been jointly recognised in the Policy Leadership category for their pioneering work in championing the International Solar Alliance.

Static/Current Takeaways Important for Indian Bank PO Exam 2018- 
  • International Solar Alliance Headquarters- Gurugram, India. 
  • ISA Founded in- Paris, November 2015. 

Ranks And Reports

9. IISc Bengaluru Tops India in Global List Of Best Institutes 

i. No Indian institution figures in the top 250 of the Times Higher Education’s (THE) world university rankings 2019, though the Indian Institute of Science, Bengaluru, has retained its position as the highest-ranked centre in the country, while the Indian Institute of Technology-Indore has risen to the highest position behind it. 
ii. The rankings show Oxford continues to hold the first place, Cambridge second, and Stanford third. The Massachusetts Institute of Technology rose one place to number four. In India, number of Indian institutions in the rankings increased from 42 last year to 49, making it the fifth best-represented nation.

Banking News

10. RBI Eases Cash Reserve Rules To Ease Liquidity 

i. The Reserve Bank of India allowed banks to dip further into statutory cash reserves in a bid to ease a liquidity squeeze afflicting the nation’s money markets. The move by the central bank follows concerns over tight liquidity conditions and banks’ unwillingness to lend to NBFCs. 
ii. As per the RBI, banks could 'carve out' up to 15% of holdings under the statutory liquidity reserves to meet their liquidity coverage ratio (LCR) requirements as compared to 13% now. 

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.

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