Current Affairs 12th October 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 12th October 2018: Daily GK Update

National News

1. President Kovind Inaugurates 13th Annual Convention of CIC 
i. President Ram Nath Kovind inaugurated the 13th Annual Convention of the Central Information Commission in New Delhi. The Convention deliberated on three specific subjects – Data privacy and Right to Information, Amendment in the RTI Act and Implementation of the RTI Act. 
ii. All the present and former Chief Information Commissioners, Information Commissioners of the Central Information Commission, State Information Commission, RTI activists and NGOs associated with the implementation of the RTI Act attended the Convention.

2. Central University of Jammu Signs MoU With ISRO 

i. The Indian Space Research Organisation (ISRO) signed an MoU with the Central University of Jammu (CUJ) in Jammu for setting up of the Satish Dhawan Center for Space Science in the University. 
ii. Another MoU was signed between CUJ and the Central Scientific Instruments Organization (CSIR-CSIO) to create awareness about space research. This is the first of its kind institute coming up in Jammu and Kashmir and the building is proposed in an area of about 1,150 sq. m. 
Static/Current Takeaways Important for Indian Bank PO Exam 2018- 
  • Chairman of ISRO: Dr. K Sivan.
  • Headquarters of ISRO– Bengaluru, Karnataka.

3. NITI Aayog’s AIM & IBM India Design Industry-Tailored Student Internship Programme 

i. NITI Aayog and IBM announced a first-of-its-kind internship programme for students selected by Atal Innovation Mission (AIM).
ii. The internship will see 38 students receive a two-week paid internship, and 14 teachers from Atal Tinkering Labs (ATL) across the length and breadth of the country including from states such as Assam, Himachal Pradesh, Andaman & Nicobar and others, to come together and ideate, collaborate and innovate. 
Static/Current Takeaways Important for IBPS PO Mains Exam 2018- 
  • NITI- National Institution for Transforming India.
  • NITI Aayog Vice-Chairman- Rajiv Kumar, CEO- Amitabh Kant.

4. Delhi, Moscow Sign Twin-City Agreement 

i. Delhi government signed a twin-city agreement with the government of Moscow for cooperation in various fields like environment, culture and education, for the next 3 years.
ii. The agreement was signed by Minister of the Moscow City government and head of its international relations Sergey Cheremin and Delhi Deputy Chief Minister Manish Sisodia. 

Static/Current Takeaways Important for Indian Bank PO Exam 2018- 

  • Delhi CM: Arvind Kejriwal, Lt. Governor: Anil Baijal. 

5. First India-Israel Innovation Centre Opens in Bengaluru

i. The country’s first India-Israel Innovation Centre (IIIC), an entrepreneurial technology hub, was launched in Bengaluru.
ii. The IIIC is a significant step towards facilitating penetration of Israeli companies in India and aims to forge local partnerships and joint ventures between companies from the two countries.
Static/Current Takeaways Important for IBPS PO Exam 2018- 
  • Israel Capital: Jerusalem,   Currency: Israeli new shekel.

6. NSE Signs Pact With Uttarakhand Govt to Fuel MSMEs Growth in State 

i. Leading stock exchange NSE has signed a pact with the Uttarakhand government to provide access to capital to MSMEs, which will fuel the growth of such entities in the state.
ii. The bourse will play an active role in nurturing the SMEs and start-ups by increasing awareness along with the government on the opportunities to raise capital, SME exchange guidelines, listing processes, compliances with listing agreement among others.

Static/Current Takeaways Important for IBPS PO Exam 2018- 
  • Uttarakhand State Governor: Baby Rani Maurya, CM:Trivendra Singh Rawat 
International News
7. Malaysian Government Abolishes Capital Punishment 
i. In Malaysia, the cabinet decided to abolish the death penalty. Communications and multimedia Minister Gobind Singh Deo stated that the government decided to scrap capital punishment following strong domestic opposition to the practice.
ii. Capital punishment in Malaysia is currently mandatory for murder, kidnapping, possession of firearms and drug trafficking, among other crimes. 
Static/Current Takeaways Important for Indian Bank PO Exam 2018- 
  • Malaysia Capital: Kuala Lumpur, Currency: Malaysian ringgit. 
8. World Bank’s Human Capital Index: Singapore Tops, India Ranks 115th
i. The World Bank released the Human Capital Index (HCI) as part of the World Development Report 2019. Broader theme of the World Development Report (WDR) this year is “The Changing Nature of Work”. The HCI has been constructed for 157 countries.
ii. Singapore topped the poll after it was highly rated for its universal health care system, education exams results and life expectancy figures. It is followed by South Korea, Japan, Hong Kong and Finland. India was ranked at the 115th position lower than Nepal, Sri Lanka, Myanmar and Bangladesh. 

Banking News

9. SBI Signs MoU With Nepal’s NBI For Human Resource Development 
i. State Bank of India has signed an MoU with Kathmandu-based National Banking Institute (NBI) for the development of human resources of the latter. Under the MoU, the strategic training unit of SBI will impart education, training and development to facilitate transformation of NBI’s HR department. 
ii. SBI signed the three-year MoU with NBI to establish a mutually beneficial strategic alliance for development of NBI’s human resources by imparting education, training and research. 
Static/Current Takeaways Important for Indian Bank PO Exam 2018- 
  • SBI Chairman– Rajnish Kumar, Headquarters– Mumbai. 

Sports News
10.  Pakistan Left-Arm Spinner Abdur Rehman Retires From International Cricket 
i. Former Pakistan left-arm spinner Abdur Rehman, who along with teammate Saeed Ajmal famously stunned England during a 3-0 defeat in 2012, announced his retirement from international cricket. 
ii. The spinner Rehman finished his 22-Test career just one short of a deserved hundred wicket mark, while he took 30 in 31 one-dayers and eight wickets in 11 Twenty20 Internationals. 

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