Current Affairs 18th June 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!


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National News

1. World Food India to be held in November 2019

i. The second edition of World Food India to be held from 1st to 4th November 2019 in New Delhi, which will position India as Food Processing Destination of the World. 
ii. The tagline of the event will be “Forging Partnerships for Growth”.
Important Takeaways for IBPS RRB/ RRB NTPC Exams:

  • Union Minister for Food Processing Industries: Smt Harsimrat Kaur Badal.

Business/ Economy News

2. Facebook launches cryptocurrency “Libra”

i. Facebook has announced a digital currency called Libra that will allow its billions of users to make financial transactions across the globe.
ii. Libra is being touted as a means to connect people who do not have access to traditional banking platforms. Technology to make transactions with Libra will be available as a standalone app as well as on WhatsApp and Facebook Messenger platforms as early as 2020.
3. Fitch cuts India growth forecast to 6.6% for 2019-20 fiscal

i. In its latest Global Economic Outlook, the global rating agency Fitch lowers India’s growth forecast from 6.8% to 6.6% for the current fiscal, as manufacturing and agriculture sectors showed signs of slowing down over the past year.
ii. Fitch also retained its GDP growth forecast for the next fiscal (2020-21) at 7.1% and 7.0% for 2021-22.


4. RBI gets a new executive director

i. Dr. Rabi N. Mishra has been elevated from principal chief general manager to Executive Director in the Reserve Bank of India

ii. Mishra’s portfolio now includes non-banking and Co-op bank supervision as well as the College of Supervisors. Current strength of Executive directors in RBI is 12.

Important Takeaways for IBPS RRB/ RRB NTPC Exams:
  • RBI 25th Governor: Shaktikant Das, Headquarters: Mumbai, Founded: 1 April 1935, Kolkata
5. Lt General Faiz Hameed Appointed Pakistan ISI Chief

i. Pakistan has appointed Lieutenant General Faiz Hameed as the new Director General of the Inter-Services Intelligence (ISI). 
ii. He was previously serving as the head of the Counter Intelligence wing in the ISI. Lieutenant General Faiz Hameed replaced Lieutenant Gen Asim Munir.

Important Days

6. Autistic Pride Day: 18th June

i. Autistic Pride Day is being observed on 18th June every year. Autistic pride recognizes the importance of pride for autistics and understands it not as a disease but as a difference. 
ii. Autistic Pride Day was initiated by Aspies For Freedom, a group that raises public awareness about autism rights.

7. Sustainable Gastronomy Day: 18 June

i. Sustainable Gastronomy Day is celebrated around the world on 18th June.
ii. It emphasizes the need to focus the world’s attention on the role that sustainable gastronomy can play.
Ranks and Reports

8. “Amazon India” best place to work in the country

i. Randstad rates Amazon India as country’s most attractive employer brand. Microsoft India emerged as the runner-up.
ii. As per the study, salary and employee benefits continue to be the top driver, while choosing an employer for the Indian workforce, followed by work-life balance and job security.
Important Takeaways for IBPS RRB/ RRB NTPC Exams:
  • CEO of Amazon: Jeff Bezos
Sports News

9. Gary Woodland won the 119th US Open

i. Gary Woodland won the 119th US Open, capturing his first Major title after defeating two-time defending champion Brook Koepka.
Important Takeaways for IBPS RRB/ RRB NTPC Exams:
  • The United States Open Championship is the annual open national championship of golf in the United States.
  • US President: Donald Trump, Capital: Washington, D.C, Currency: US Dollar

10. Former Egyptian President Mohamed Morsy passes away

i. Former Egyptian President and a top figure in the Muslim Brotherhood, Mohamed Morsy passed away. 
ii. He served as Egyptian President from 30 June 2012 – 3 July 2013. 

Practice Current Affairs & Banking Quiz

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