General awareness section is the most important part of every competitive exam, it can help you score well in the exam if you are updated with all the current news. Banking Awareness, Static GK and the current news are the parts that make the GA section complete. It is important to know what is happening in and outside of India. GK updates are incorporated with the important news that made the headlines today. It is the complete bag of the important news that held all day long. One should have complete knowledge about the banking terms, current affairs news, etc. So, here is the GK update of 5th September to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.
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1. Delhi’s IGI Airport Gets India’s Tallest ATC Tower
i. Delhi’s Indira Gandhi International (IGI) Airport gets India’s tallest ATC tower to enhance the safety and boost the efficiency of air transport management services.
ii. The Civil Aviation Minister Hardeep Singh Puri inaugurated the Delhi Air Traffic Service Complex, which is the tallest Air Traffic Control tower in India with a height of 102 metres.
iii. The tower aims to reduce the pressure on controllers and provide relief to flyers from delays. The tower has over 45 workstations with better operational area visibility. The tower has multilayered security.
2. US Federal Trade Commission fines YouTube with $170 million
i. The US’s Federal Trade Commission has fined Google’s YouTube with $170 million. YouTube will have to pay $170 million to settle allegations of collecting personal information about children.
ii. YouTube has been accused of tracking viewers of children’s channels using cookies without parental consent. YouTube also used those cookies to deliver millions of dollars in targeted advertisements to those viewers.
iii. The penalty on YouTube is the largest since a law came into effect in 1998 which banned the collection of information about children aged below 13. The law was revised in 2013 to include “cookies,” which can be used to track a person’s internet viewing habits.
Banking and Economy
3. CRISIL revises India’s GDP growth to 6.3% in fiscal 2020
i. Rating agency CRISIL has revised India’s fiscal year 2020 GDP growth forecast to 6.3%. CRISIL has lowered the GDP growth forecast from 6.9% to 6.3%. The growth was revised as the first-quarter growth rate of India reduced to a 25-quarter low of 5%.
Static/Current Takeaways Important For IBPS RRBPO Mains:
- Managing Director and CEO of CRISIL: Ashu Suyash.
4. RBI orders banks to link lending rate to external interest rate benchmark
i. The Reserve Bank of India has made mandatory for banks to link retail and MSME loans to external interest rate benchmarks.
ii. This new norm will be effective from the 1st of October. Under this norm, banks have to link all of their new loan products, be it personal, housing or auto to an external benchmark rate.
iii. Banks have been allowed to choose any benchmark market interest rate published by the Financial Benchmarks India Private Ltd (FBIL). Banks can choose RBI’s repo rate, the government of India’s three-month treasury bill yield published by the FBIL, government’s six-month treasury bill yield published by the FBIL or any other market interest rate published by the FBIL.
Static/Current Takeaways Important For IBPS RRBPO Mains:
- Governor of RBI: Shaktikant Das; Headquarters: Mumbai; Founded: 1 April 1935, Kolkata.
5. Wipro bags $300-million deal from ICICI Bank
i. IT services major Wipro Limited has bagged a strategic contract valued at $300 million from the ICICI Bank. Under the contract, Wipro will offer a comprehensive suite of services to ICICI Bank for the next seven years, starting September 2019.
ii. Currently, Mumbai-based IT services firm Vara infotech provides these services to the ICICI Bank. As part of this strategic engagement, Wipro will absorb about 3,800 employees of Vara infotech along with its existing contracts, facilities and assets.
Static/Current Takeaways Important For RRB Main 2019:
- MD & CEO of ICICI Bank: Sandeep Bakhshi; ICICI Bank Headquarters: Mumbai.
- Tagline of ICICI Bank: Hum Hain Na!
- MD & CEO of Wipro: Abidali Z. Neemuchwala.
Ranks and Reports
6. Delhi, Mumbai fall in EIU’s Global Liveability Index 2019
i. Economist Intelligence Unit’s Global Liveability Index for 2019, released with both Delhi and Mumbai sliding down ranks. New Delhi dropped 6 places to 118, from 112 last year and Mumbai also fell in this year’s index, by two places to 119, from 117 last year.
ii. Vienna in Austria, Melbourne and Sydney in Australia make the top three cities. The survey ranks countries across indicators including stability, healthcare, education, infrastructure, culture and environment.
Static/Current Takeaways Important For RRB NTPC/IBPS RRB Mains:
- Headquarters of EIU’s: London, UK; Founded: 1946.
7. India among top 10 nations in gold reserves
i. India has surpassed the Netherlands to move into the list of top10 countries in terms of total gold reserves. According to the World Gold Council, India has gold reserves totalling 618.2 tonnes, which is marginally higher than the Netherlands’ reserves of 612.5 tonnes.
ii. According to the World Gold Council, the U.S. leads the country list with total gold reserves of 8,133.5 tonnes followed by Germany with 3,366.8 tonnes. In terms of individual countries, India actually ranks 9th since the International Monetary Fund (IMF) occupies the third position after the U.S. and Germany.
8. Jaideep Sarkar appointed as next High Commissioner of India to Lesotho
i. India’s High Commissioner to South Africa, Jaideep Sarkar has been concurrently accredited as the next High Commissioner of India to the Kingdom of Lesotho, with residence in Pretoria. He is a 1987 IFS-batch officer and earlier served as envoy to Israel and Bhutan.
Static/Current Takeaways Important For RRB Main 2019:
- Capital of Lesotho: Maseru; Currencies of Lesotho: South African rand, Lesotho loti.
9. Muhammad Yunus conferred ‘Lamp of Peace of Saint Francis’ Award
i. Nobel Laureate Professor Muhammad Yunus from Bangladesh was conferred the ‘Lamp of Peace of Saint Francis’ award by the Vatican.
ii. He has been awarded for his contribution towards establishing peace and harmony. The award is a recognition for distinguished work by an individual for promoting peace and dialogue among people.
Summit and Conference
10. 1st National Conference on Cyber Crime Investigation and Cyber Forensics
i. Central Bureau of Investigation’s 1st National Conference on Cyber Crime Investigation and Cyber Forensics inaugurated in New Delhi.
ii. The 2 days conference aimed at creating the platform and bringing together investigators, lawyers, forensic experts and academia to discuss challenges related to cybercrime and ways to find solutions. iii. It also acts as a platform to share good practices to learn from experiences of various State police and Law Enforcement Agencies.
Static/Current Takeaways Important For IBPS RRB Clerk Mains:
- Director of Central Bureau of Investigation: Rishi Kumar Shukla.
Schemes and Committees
11. PM to launch a pension scheme for traders
i. Prime Minister Narendra Modi will launch the Pradhan Mantri Laghu Vyapari Maandhan Yojana, the Centre’s pension scheme for traders. A few of the first subscribers from across the country will be given pension cards by the PM.
ii. The scheme, which is an extension of the PM Shram Yogi Maan-Dhan Yojana, will make all beneficiaries eligible for a monthly pension of Rs 3000 after the age of 60 at a miniscule monthly contribution.
Books and Authors
12. ‘Loktantra Ke Swar’ and ‘The Republican Ethic’ books to be released by V. President
i. The Vice President of India, Shri M. Venkaiah Naidu will release 2nd editions of ‘Loktantra Ke Swar (Khand 2)’ and ‘The Republican Ethic (Volume 2) in New Delhi.
ii. In order to promote and disseminate selected speeches of President of India Shri Ram Nath Kovind. They are a compilation of 95 speeches delivered by the President during his second year in office (July 2018 to July 2019).
13. Qatar unveils 2022 FIFA World Cup logo
i. Qatar unveiled the logo for the FIFA 2022 World Cup which will be hosted by the Gulf emirate, displaying it in public spaces in Doha and cities around the world.
ii. The design is a stylised Arabic white unisex shawl with maroon patterning, which is displayed in a figure-of-eight symbolising infinity while creating a heart shape above the words “FIFA WORLD CUP Qatar 2022”.
Static/Current Takeaways Important For RRB NTPC/IBPS RRB Main 2019:
- President of FIFA: Gianni Infantino; Headquarters of FIFA: Zurich, Switzerland.
14. Pakistan names Misbah-ul-Haq as head coach and chief selector
i. Former captain Misbah-ul-Haq has been appointed as head coach and chief selector of Pakistan’s cricket team. He has been appointed for three years. Waqar Younis will join him as the team’s new bowling coach.
ii. Misbah-ul-Haq has scored over 10,300 international runs in 75 Tests and 162 one-dayers for Pakistan and was also the most successful and longest-serving Test captain for Pakistan.
15. International Day of Charity: 5 September
i. The United Nations observes 5 September every year as International Day of Charity with the objective of sensitizing and mobilizing people, NGOs, and stakeholders all around the world to help others through volunteer and philanthropic activities.
ii. The date of 5 September was chosen to commemorate the anniversary of the passing away of Mother Teresa. She also received the Nobel Peace Prize in 1979 “for work undertaken in the struggle to overcome poverty and distress, which also constitute a threat to peace.”
Static/Current Takeaways Important For IBPS RRB PO Mains:
- Secretary-General of the United Nations: Antonio Guterres; Headquarters: New York, USA; Founded: 24 October 1945.
16. Rohit Sharma launches a campaign to save Rhinos in India
i. Indian Cricket team vice-captain Rohit Sharma is launching Rohit4Rhinos campaign, in partnership with WWF India and Animal Planet. This campaign helps to build awareness for the need to conserve the Greater One-Horned Rhinoceros or the Indian Rhino.
ii. The Indian rhinoceros faces several threats, including poaching, habitat loss and mass mortality from inbreeding and disease.