Current Affairs 10th May 2019 | Daily GK Update

Dear Aspirants,

The General Awareness Section plays an important role in scoring well above cut off marks in any competitive exam. The Banking Awareness and Static Awareness questions asked in the General Awareness Section are based on Current Affairs mainly. So you need to prepare well this section to score good marks. Here is the Daily GK Update to get you acquainted with the top events that made the headlines today!


National News

1. Indian Army To Commemorate 2019 As ‘Year of next of kin’

i. The Indian Army is commemorating this year as the ‘Year of Next of Kin’ and plans to reach out to the next of kin of battle casualties, ex-servicemen and serving soldiers to inform them of entitled financial benefits, welfare schemes and help resolve pension-related pro kiblems.
ii. The Directorate of Indian Army Veterans will be the nodal agency.
Static/Current Takeaways Important For LIC AAO Exam:
  • Chief of the Army Staff – General Bipin Rawat.

2. WTO Ministerial Meeting of Developing Countries To Held New Delhi

i. A WTO Ministerial meeting of developing countries is being hosted by India in New Delhi
ii. Sixteen developing countries, Six Least Developed Countries (LDC) (Argentina, Bangladesh, Barbados, Benin, Brazil, Central African Republic, Chad, China, Egypt, Guatemala, Guyana, Indonesia, Jamaica, Kazakhstan, Malawi, Malaysia, Nigeria, Oman, Saudi Arabia, South Africa, Turkey, Uganda) and DG, WTO participated in the meeting.
International News

3. Australian Flight Carrier, Qantas Operated World’s First Zero-waste Flight

i. The Australian flight carrier, Qantas has operated the world’s first zero-waste commercial flight from Sydney to Adelaide which disposed of all waste through compost, reuse or recycle.
ii. The Australian airline Qantas has planned to eliminate 100 million single-use plastics by the end of 2020 and also to reduce 75% of airline’s waste by the end of 2021.
Static/Current Takeaways Important for LIC AAO Exam:
  • Australia Capital: Canberra, Currency: Australian Dollar.

4. Facebook Chooses London As Base For WhatsApp Payments 

i. Facebook has chosen London as the centre for the global roll-out of WhatsApp pay, before the social media giant launches its digital payments service on the mobile messaging platform in India.
ii. WhatsApp would hire nearly 100 people in London to focus on the digital payments service and additional operations staff would be hired in Dublin.

Important Days

5. 5th United Nations Global Road Safety Week

i. The 5th United Nations Global Road Safety Week is being observed from May 6 to 12, 2019. It is celebrated once in two years.
ii.  The theme of the Road Safety Week is ‘Leadership for Road Safety’.
Static/Current Takeaways Important For LIC AAO Exam:
  • WHO Headquarters: Geneva, Switzerland, Director-General: Tedros Adhanom Ghebreyesus.

Banking/Business News

6. RIL Acquires British Toy Retailer Hamleys

i. Reliance Industries Ltd. (RIL) acquired British toy retailer ‘Hamleys’ in an all-cash deal. RIL has acquired Hamleys in 67.96 million pounds (about Rs. 620 cr).
ii. With this announcement, Reliance will get hold of 100% shares of Hamleys Global Holdings Limited (HGHL).
7. Bank Credit Grows 13.2% In FY19 
i. Bank credit grew by 13.2% in the financial year 2018-19 as compared to 10.3% in the previous financial year, mainly aided by loans to services and retail sector. 
ii. Deposit growth also gained momentum, growing by 10% as compared to 6.7% a year ago.
iii. RBI Data-
  • The Reserve Bank of India’s data on the deployment of gross credit across different sectors shows healthy credit growth in the services sector followed by retail sector.
  • Credit growth in services sector till the middle of February was 23.7% and in retail sector it was 16.7%. Credit growth in the industry sector was 5.6%.

Sports News

8. Amul To Sponsor Afghanistan In 2019 World Cup 

i. Amul has been announced as the principal sponsor of the Afghanistan cricket team for the upcoming World Cup, slated to be held in England and Wales from May 30.
ii. The logo of brand Amul will appear on the leading arm of the Afghanistan team playing jerseys as well as on the training kits throughout the showpiece event.
Static/Current Takeaways Important For LIC AAO Exam: 
  • Afghanistan Capital: Kabul, Currency: Afghan Afghani.

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