Current Affairs 27th March 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. PM Modi Addresses The Nation: India Becomes Elite Space Power

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i. PM Narendra Modi addressed the nation. PM Modi announced that India has entered its name as an elite space power. An Anti-Satellite Weapon (A-SAT) successfully targeted a live satellite on a low earth orbit. The name of this mission was ‘Mission Shakti’. 
ii. After the US, Russia, and China, India is the fourth country to acquire this space capability.
iii. Anti-satellite is a milestone for the country’s security and technological achievement. India is a space superpower now.
2. 1st Indian Army Mountaineering Expedition To Mt Makalu Flagged Off

i. First Indian Army Mountaineering Expedition to Mt Makalu (8485m) comprising five Officers, two JCOs and eleven OR was flagged off by Director General Military Training. 
ii. In furtherance of the objective of summiting all challenging peaks above 8000M, Indian Army is launching its maiden expedition to Mt Makalu in Mar-May 2019.
Static/Current Takeaways Important For LIC AAO Mains Exam:
  • Makalu is the fifth highest mountain in the world at 8,485 metres.
  • It is located in the Mahalangur Himalayas 19 km southeast of Mount Everest, on the border between Nepal and Tibet, China.
3. Important Cabinet Approvals: 27th March 2019
i. The Union Cabinet chaired by Prime Minister Narendra Modi has given the following set of approvals.  The important Cabinet Approvals are given as follows:
ii. The Cabinet:
  1. Apprised about MoU for cooperation on youth matters between India and Morocco. 
  2. Apprised about MoU on Antarctic cooperation between India and Argentine.
  3. Apprised about MoU between India and Morocco to promote exchange of information and technical cooperation in the field of Housing and Human Settlement.
  4. Apprised about MoU between India and Saudi Arabia for cooperation in the field of Housing.
  5. Approves MoU between India and Republic of Korea on Startup Cooperation.
  6. Approves MoU between India and Indonesia on combating illicit trafficking in narcotic drugs, psychotropic substances and its precursors.
  7. Approves acquiring land of Central Water Commission at Nallagandla, Hyderabad by Telangana State Government for road widening.
  8. Approves creation of additional posts of three Judicial Members and three Technical Members in the National Company Law Appellate Tribunal.
International News

4. World’s Largest e-waste Recycling Hub Opened At The Dubai Industrial Park

i. The world’s largest e-waste recycling plant has been opened in Dubai Industrial Park, Dubai by ‘Enviroserve’ company with a total cost of $5 million. It will recycle Waste Electrical and Electronic Equipment (WEEE), IT asset disposition (ITAD), refrigerant gas and specialized waste.
ii. The processing capacity of this recycling hub is 100,000 tonnes of total integrated waste (per year), of which 39,000 tonnes is e-waste. The project is supported by the Swiss Government Export Finance Agency.

5. President Kovind Honoured With Croatia’s Highest Award

i. President Ram Nath Kovind has been awarded the Grand Order of King Tomislav with Sash and Grand Star by the President of Croatia Kolinda Grabar-Kitarovic for his exceptional contribution to the advancement of overall relations and development of mutual cooperation between India and Croatia and for promoting friendship and partnership between the people of both the countries. This is the highest award of the Republic of Croatia. 
Static/Current Takeaways Important For LIC AAO Mains Exam:
  • Croatia Capital: Zagreb, Currency: Croatian kuna.

Banking/Business News

6. RBI Slaps Rs 2 Crore Penalty On PNB

i. The Reserve Bank of India has slapped a penalty of Rs 2 crore on Punjab National Bank for non-compliance of regulatory directions with regard to SWIFT operations.
ii. SWIFT is a global messaging software used for sharing information on inter-bank transactions by financial entities.
Static/Current Takeaways Important For LIC AAO Mains Exam:
  • SWIFT is abbreviated as Society For Worldwide Interbank Financial Telecommunications.
7. Apple Partners With Goldman Sachs And Mastercard For Apple Card

i. Apple Inc & Goldman Sachs Group Inc jointly launched the Apple Card credit card for iPhones.
ii. The card is tied to Apple Pay, a service that allows people to load banking information and pay in store or use it for purchases online.

Static/Current Takeaways Important For LIC AAO Mains Exam:

  • Apple Inc. CEO- Tim Cook; Headquarters- California, USA. 
  • Apple card is a virtual credit card that can be integrated into the Wallet app of the iPhone.

Sports News

8. Seamaster 2019 ITTF Challenge Plus Or Oman Open Table Tennis Held In Muscat

i. The Seamaster 2019 ITTF Challenge Plus commonly called Oman Open table tennis held in Muscat, Oman. Indian players G Sathyan and Archana Kamath excelled in the tournament. 
ii. G Sathyan won a bronze medal in the tournament. Archana Kamath bags U-21 silver with an excellent run in the Oman Open.
Static/Current Takeaways Important for LIC AAO Exam:
  • Oman Capital: Muscat, Currency: Rial.
9. Manu Bhaker-Saurabh Chaudhary Won Gold Medal At Asian Airgun Championship

i. In Shooting, Manu Bhaker and Saurabh Chaudhary have won a Gold medal in the 10-meter Air Pistol Mixed team event at the 12th Asian Airgun Championship at Taoyuan in Taipei.
ii. The pair made it to the Final after smashing the world record in the qualification. A second Indian team, comprising Anuradha and Abhishek Verma, also reached the Finals but finished fourth.


10. Scott Walker, Experimental Pop Hero, Passes Away

i. Scott Walker, one of the most innovative and enduring songwriters of the 20th century, has died aged 76.
ii. Walker first came to fame in the mid-1960s in the group the Walker Brothers, before creating a string of acclaimed solo albums – Scott, Scott 2, Scott 3 and Scott 4. 

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