Dear Aspirants,
General awareness section is the most important part of every competitive exam, it can help you score well in the exam if you are updated with all the current news. Banking Awareness, Static GK and the current news are the parts that make the GA section complete. It is important to know what is happening in and outside of India. GK updates are incorporated with the important news that made the headlines today. It is the complete bag of the important news that held all day long. One should have complete knowledge about the banking terms, current affairs news, etc. So, here is the GK update of 5th August to help you prepare the Current affairs part.
National
1. Art – 370 and Art -35-A revoked from J&K by GOI
i. A series of historical decisions which includes the scrapping of Article 370 & Art-35-A and the introduction of “J&K Reorganisation Bill 2019” were taken today during the session of Rajya Sabha.
ii. Article 370 was providing special autonomous status to the Indian state “Jammu & Kashmir” which will be no longer applicable from today.
2. Lalit Kala Akademi celebrates 65th Foundation Day
i. National Academy of Art, Lalit Kala Akademi, celebrated its 65th Foundation Day in New Delhi.
ii. The event was inaugurated by Culture and Tourism Minister. The Minister also inaugurated art camp and artwork and painting exhibition and released a book – Mithila Ki Lok Chitrakala.
iii. Lalit Kala Akademi or National Academy of Art was established in New Delhi in 1954 by the government to promote and propagate understanding of Indian art, in and outside the country.
Static/Current Takeaways Important For EPFO/LIC ADO Main 2019:
- Union Culture and Tourism Minister: Prahlad Singh Patel.
Banking
3. RBI imposes Rs 11 cr fine on 7 PSBs for violating norms
i. The Reserve Bank of India has imposed a collective penalty of Rs 11 crore on 7 public sector banks. The penalty has been imposed for non-compliance with certain provisions of directions issued by RBI on ‘Code of Conduct for Opening and Operating Current Accounts.
ii. The penalties on 7 banks are as follows:
- Allahabad Bank and Bank of Maharashtra have been imposed with a penalty of Rs 2 crore each.
- Bank of Baroda, Bank of India, Indian Overseas Bank and United Bank of India have been imposed with a penalty of Rs 1.5 crore each.
- Oriental Bank of Commerce has been imposed with a penalty of Rs 1 crore.
iii. RBI has also imposed a fine of Rs 1 crore on Corporation Bank for non-compliance of norms related to cyber security framework for banks, frauds classification and reporting.
Static/Current Takeaways Important For SBI Clerk Mains:
- Governor of RBI: Shaktikant Das; Headquarters: Mumbai; Founded: 1 April 1935, Kolkata.
Appointment
4. Noel Quinn becomes interim CEO of HSBC
i. HSBC has announced the departure of its Chief Executive Officer John Flint. Noel Quinn, the head of HSBC’s Global Commercial Banking unit will replace John Flint as the interim CEO.
5. Debashis Chatterjee becomes MD and CEO of Mindtree
i. Indian IT company Mindtree Ltd has announced the appointment of Debashis Chatterjee as its new Managing Director and Chief Executive Officer.
ii. Also, S.N. Subrahmanyan, the CEO of Larsen & Toubro Ltd (L&T) has been appointed as non-executive vice chairman.
Summit & Conferences
6. EAM Jaishankar attends 10th Mekong-Ganga Cooperation in Bangkok
i. External Affairs Minister S Jaishankar attended 10th Mekong-Ganga Cooperation (MGC) in Thailand’s Bangkok.
ii. In MGC the Ministers adopted the new MGC Plan of Action 2019-2022 that envisages project-based cooperation in the seven areas of MGC cooperation, namely tourism and culture, education, public health and traditional medicine, agriculture and allied sectors, transport and communication, MSMEs as well as three new areas of cooperation, i.e. water resources management, science and technology, skill development and capacity building.
Static/Current Takeaways Important For SBI Clerk Main 2019:
- Capital of Thailand: Bangkok, Currency of Thailand: Baht.
7. HRD Minister inaugurates Technology Expo at IIT Delhi
i. Human Resources Development Minister inaugurating Technology Expo at IIT Delhi to showcase the latest innovation in the field of science and technology.
ii. Over 80 latest innovations and 90 research posters by institutions from across the country are showcasing the prototypes developed by the investigators
Static/Current Takeaways Important For RRB NTPC/IBPS RRB Mains 2019:
- Human Resources Development Minister: Ramesh Pokhriyal Nishank.
Defence
8. India test-fires Surface to Air-Missile from Chandipur
i. India successfully test-fired its all-weather tracked-chassis Quick Reaction Surface-to-Air Missile (QR-SAM) from a mobile launcher at launch complex III of the Integrated Test Range at Chandipur in Odisha.
ii. This Missile Jointly developed by Defence Research and Development Organisation (DRDO) and Bharat Electronics Ltd, the QR-SAM weapon system is a quick reaction, network-centric missile system capable of search-on-the-move. QR-SAM system can also engage multiple targets within a range of around 25 to 30 km with 2 vehicle configuration for area air defence. It is a truck-mounted missile with a 360 degree rotatable, electro-mechanically operated, turret-based launch unit.
Static/Current Takeaways Important For SBI Clerk Main 2019:
- Chairman of DRDO : G Satheesh Reddy, Established in : 1958.
- Headquarters of DRDO: New Delhi.
Obituaries
9. Veteran Gujarati journalist Kanti Bhatt passes away
i. Veteran Gujarati journalist, author and columnist Kanti Bhatt passed away. He also worked as writer and editor in various Gujarati publications like Chitralekha, Mumbai Samachar, Janshakti, Sandesh, Yuva Darshan, Jansatta, Vyapar and Abhiyan.
10. Cricket commentator Anant Setalvad, passes away
i. Cricket commentator Anant Setalvad, who used to draw pictures of the game’s progress on airwaves with his fine command of the English language, from the mid 1960s through to the 1980s, passed away .
ii. Anant was the commentator for All India Radio (AIR) in Ranji Trophy and other BCCI tournaments and also for Test matches.
Sports
11. Lewis Hamilton wins Hungarian Grand Prix
i. Formula One Mercedes driver Lewis Hamilton hunted down Max Verstappen to win the Hungarian Grand Prix for a record-extending seventh time and surge 62 points clear in the championship standings.
12. Satwiksairaj & Chirag 1st Indian doubles pair to win Super 500 title
i. India’s Satwiksairaj Rankireddy and Chirag Shetty scripted a piece of history by breaching the ‘Chinese Wall’ of reigning World champions Li Jun Hui and Liu Yu Chen, with a victory in the men’s doubles final of the Thailand Open badminton championship in Bangkok.
ii. This is the first-ever Indian men’s combination to win a BWF Super 500 title.
Miscellaneous
13. French inventor crosses English Channel on ‘Flyboard’
i. French inventor Franky Zapata is 1st person in history to cross the English Channel on the jet-powered hoverboard.
ii. Zapata completed the crossing in 22 minutes, reaching speeds of up to 110mph (177km/h) flying 15-20 metres (50-65ft) above the water. Zapata made the 35-kilometre (21.5 miles) crossing from the French seaside town of Sangatte to St. Margaret’s Bay in Dover, England.
14. ISRO sets up SSAM in Bengaluru
i. K Sivan, chairman, Isro, laid the foundation stone for Space Situational Awareness Control Centre at Peenya in Bengaluru.
ii. Isro has set up a directorate of space situational awareness and management aiming at protecting high valued space assets from space debris close approaches and collisions. The control centre would facilitate the intensified activities foreseen for SSAM, in view of increasing debris population and operational space assets.
iii. The control centre would host a range of activities pertaining to the protection of Indian space assets from inactive satellites, pieces of orbiting objects, near-earth asteroids and adverse space weather conditions.
Static/Current Takeaways Important For RRB NTPC/IBPS RRB Main 2019:
- Headquarter of ISRO: Bengaluru; Established in: 15 Aug 1969.
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