Current Affairs 4th 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!

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National News

1. India To Purchase 10 Kamov-31 Choppers From Russia For INR 3,600 cr

i. The defence ministry has approved the procurement of 10 Kamov Ka-31 Airborne Early Warning and Control helicopters for the Indian Navy. 
ii. The cost of the deal would be around Rs 3,600 crore and the 10 helicopters would be deployed on the aircraft carriers and warships of the Navy including the INS Vikrant and Grigorovich-class frigates.
Static/Current Takeaways Important for LIC AAO Exam:
  • Present Chief of the Naval Staff- Admiral Sunil Lanba.
  • Vice Admiral Karambir Singh has been appointed as next Chief of the Naval Staff.

2. Gates Foundation Appoints Sanjay Ubale As India Policy Head

i. The Bill & Melinda Gates Foundation has hired Sanjay Ubale, head of the infrastructure and urban solutions at Tata Sons, as its policy director for India.
ii. Sanjay will oversee the Seattle-based charity’s healthcare, poverty alleviation, and educational activities in the country. Ubale, who has spent over a decade at Tata Group, was previously the CEO of Tata Realty & Infrastructure.
3. Paytm President Bhushan Patil Resigns

i. Bhushan Patil, president at Paytm, has quit the company. Patil, who joined Paytm after a five-year stint with Alibaba, had initially joined the Noida-based company to look after its cross border commerce business. 
ii. Patil joined Paytm in March 2016.
4. US Air Force General Tod Wolters Sworn In As NATO Commander

i. US Air Force General Tod D. Wolters has been sworn in as the top military officer of the 29-nation NATO military alliance. 
ii. The former pilot, who has served in Afghanistan and Iraq, became Supreme Allied Commander Europe at NATO’s military headquarters in Mons, southern Belgium.
Static/Current Takeaways Important for LIC AAO Exam:
  • NATO– North Atlantic Treaty Organization, headquarters: Brussels, Belgium.

Economy News

5. Asia-Pacific To Grow 5.7% In 2019: ADB

i. The Asia-Pacific region s expected to grow at 5.7% in 2019. According to the bank’s Asian Development Outlook 2019 report released in April, developing Asia which comprises 45 nations ranging from China to Tuvalu is projected to grow by 5.7% in 2019. 
ii. However, the growth outlook for developing Asia is expected to moderate to 5.6 % in 2020.
Static/Current Takeaways Important for LIC AAO Exam:
  • Takehiko Nakao is the President and Chairperson of the Asian Development Bank.
  • Headquarters: Mandaluyong, Metro Manila, Philippines.
Sports News

6. Spain Legend Xavi Hernandez Announces Retirement

i. Spain and Barcelona legend Xavi Hernandez has announced that he will retire from professional football at the end of the current season. 
ii. Xavi Hernandez spent 14 years in Barcelona, where he won 35 trophies, including 8 La Liga titles, before moving to Qatari club Al-Sadd.


7. Actor Peter Mayhew Passes Away

i. Peter Mayhew, the actor behind the character of Chewbacca has passed away. He was 74. 
ii. Mayhew is most widely known for his portrayal of the more-than-200-year-old Wookie Chewbacca in the Star Wars franchise. Mayhew was also an active philanthropist.

8. Postage Stamp To Commemorate 750th Birth Anniversary of Sri Vedanta Desika Released

i. Vice President M Venkaiah Naidu released a postage stamp to commemorate the 750th birth anniversary of Sri Vedanta Desikan in New Delhi. The stamp has been released by Indian postal department.
ii. Born in 1268 CE, Vedanta Desikan was Sri Vaishnava philosopher and one of the most brilliant stalwarts of Sri Vaishnavism in the post-Ramanuja period. The basis of his spiritual teachings was peace and humanity.
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