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. Gujarat Assembly Passes Act to Allow Shops & Businesses Remain Open 24X7
i. ‘Gujarat Shops and Establishments (Regulation of Employment and Conditions of Service) Act, 2019’ passed by Gujarat Assembly which came into force from May 1, 2019. The Act will allow the shops and other businesses in the state to operate 24×7.
ii. The Act replaced the Gujarat Shops and Establishments Act, 1948 which prevented shops and other businesses from operating between 12 to 6 a.m.
Static/Current Takeaways Important for LIC AAO Exam:
- Gujarat Capital: Gandhinagar, Governor: Om Prakash Kohli, CM: Vijay Rupani.
International News
2. The US Air Force Successfully Tested A Laser System To Shoot Down Multiple Missiles
i. The US Air Force Research Laboratory tested a laser system called Self-Protect High Energy Laser Demonstrator (SHiELD) at the US Army’s White Sands Missile range in New Mexico which successfully shot down multiple air-launched missiles while in flight.
ii. The system is designed for the purpose of protecting the aircraft from incoming surface-to-air and air-to-air launched missiles.
Static/Current Takeaways Important for LIC AAO Exam:
- USA Capital: Washington D.C., Currency: United States Dollar.
Appointments
3. Dragan Mihailovic Appointed As Coach Of Indian Volleyball Team
i. The Volleyball Federation of India appointed Serbian Dragan Mihailovic as head coach of the men’s national team in a move linked to the long term goal of Olympic Games qualification. Mihailovic has more than 25 years of experience as a coach.
ii. The VFI also announced the appointment of Pryemyslaw Gaszyoski and Valadimir Radosevic as the team’s physio trainer and physiotherapist respectively.
Awards
4. G D ‘Robert’ Govender Conferred With V K Krishna Menon Award
i. GD ‘Robert’ Govender, an Indian-origin journalist in South Africa, has been honoured in the UK with 2019 V K Krishna Menon award for his outstanding contribution as a pioneer of decolonised journalism.
ii. The South Africa-born journalist was awarded posthumously during an event to mark the 123rd birth anniversary of the Indian diplomat and politician V K Krishna Menon.
5. Israel Honoured 1971 Bangladesh Liberation War Hero Lt. Gen JFR Jacob
i. Israel honoured Lt. Gen. (retd) Jack Farj Rafael (JFR) Jacob, who negotiated the historic surrender of Pakistani troops in Dhaka after the 1971 Bangladesh’s liberation war, with a plaque on the Wall of Honour at the Ammunition Hill.
ii. Lt. Gen. Jacob, who passed away in 2016 at the age of 92, was one of the most prominent members of India’s relatively small Jewish community, serving as a Lieutenant General in the Indian Army and later as a Governor of two Indian states-Goa and Punjab.
Static/Current Takeaways Important for LIC AAO Exam:
- Israel Capital: Jerusalem, Currency: Israeli new shekel.
Banking/ Business News
6. RBI Enhances Housing-Loan Limits Under Priority Sector Lending For RRBs, SFBs
i. The Reserve Bank of India has decided to enhance the housing loan limits for Regional Rural Banks (RRBs) and Small Finance Banks (SFBs) for eligibility under priority sector lending, in a bid to give them a level playing field with other Scheduled Commercial Banks.
ii. Henceforth, housing loans given by RRBs and SFBs to individuals up to INR 35 lakh in metropolitan centers (with population of 10 lakh and above) and INR 25 lakh in other centers.
7. Mastercard Announces $1 Billion Investment In India
i. Global card payments brand Mastercard has announced its plan of investing $1 billion in India operations over the period of next 5 years. About $350 million of the total amount would be invested in setting up a local payments processing center as per the Reserve Bank of India’s mandate to store all payments data locally.
ii. The rest of the investment will go towards existing services and expanding capacity among others. This is the first such processing center of the company outside of the US and could provide service markets such as Southeast Asia and Asia-Pacific.
Summits and Confrences
8. IBSA Sherpas Meet Concluded In Cochin
i. The IBSA (India, Brazil & South Africa) Sherpas’ Meeting, following the 9th IBSA Trilateral Ministerial Meeting, was held in Cochin. Secretary (Economic Relations) in the Ministry of External Affairs, Mr. T.S. Tirumurti led the Indian delegation.
ii. Sherpas reviewed the progress made under IBSA, since their last meeting. The Sherpas also appreciated the work done by the IBSA Fund on Poverty and Hunger Alleviation which funded 31 projects spread over in 20 countries.
9. G7 Environment Ministers Meet to Discuss Climate Crisis
i. The G7’s (Group of Seven) Environment Ministers gathered for a 2-day meeting in Metz, France to discuss on steps required to handle deforestation, plastic pollution, depletion of coral reefs and ways to build pacts between the countries in order to achieve the target.
ii. Joining the ministers were delegations from the European Union as well as Chile, Egypt, the Fiji Islands, Gabon, India, Indonesia, Mexico, Niger, and Norway.
Static/Current Takeaways Important for LIC AAO Exam:
- The G-7 groups together the US, Britain, France, Italy, Canada, Japan, and Germany.
- The grouping had included Russia but it was left out following tensions with Western nations over the annexation of Crimea in 2015.
Important Days
10. World Asthma Day 2019: 7 May
i. World Asthma Day is an annual event organized by the Global Initiative for Asthma (GINA) on the first Tuesday in May to improve asthma awareness and control around the world. This year it was observed across the globe on May 7, 2019.
ii. The theme of World Asthma Day 2019 was ‘STOP for Asthma’.
Miscellaneous
11. Bandana Sets Guinness World Records On Longest Dancing Marathon
i. A 18-year-old Nepali girl, Bandana danced continuously for 126 hours to set a Guinness World Records on ‘Longest Dancing Marathon by an Individual’, a feat previously held by an Indian.
ii. Bandana beat the record set by Kalamandalam Hemlatha, who danced continuously for 123 hours and 15 minutes in 2011.
ii. Bandana beat the record set by Kalamandalam Hemlatha, who danced continuously for 123 hours and 15 minutes in 2011.
Static/Current Takeaways Important for LIC AAO Exam:
- Nepal PM: K P Sharma Oli, Capital: Kathmandu.
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