Current Affairs 28th June 2018:- The General Awareness Section of Banking Exams covers numerous sections in it like Banking Awareness, Static GK, and Current Affairs. But the most important thing that you might have noticed is that both the Banking Awareness and Static Awareness questions asked in the General Awareness Section are based on Current Affairs only. The questions on Static and Banking Awareness are related to the countries, events or anything that has been in news for a while. Here is the Daily GK Update to get you acquainted with the top events that made the headlines today!!
1. PM Modi inaugurates Kabir Mahotsav in Uttar Pradesh
Prime Minister Narendra Modi has inaugurated the two-day ‘Kabir Mahotsav’ (to mark the 500th death anniversary) at Maghar in Sant Kabir Nagar district of Uttar Pradesh.
The festival, organised by the Union Culture Ministry, will feature folk music, dance performances and musical theatre in which artistes from all over the country will participate.
PM Modi also visited the Sant Kabir Cave and laid the foundation stone of the Sant Kabir Academy.
The Uttar Pradesh government has allotted a budget of Rs. 2.5 crore for the Sant Kabir Academy.
Kabir (1440–1518) was an Indian poet, mystic and philosopher, and one of the Northern India Sants.
2. Indore MC to issue Rs 170 cr bonds for development works
The Indore Municipal Corporation (Madhya Pradesh) will issue bonds worth Rs. 170 crores aimed at ensuring economic participation of citizens in developmental activities of the city.
The amount obtained from bonds will be used for Atal Mission for Rejuvenation and Urban Transformation (AMRUT).
Indore Municipal Corporation is the first in the state and third (Earlier Pune and Hyderabad Municipal Corporation) in the country to issue such bonds.
The amount will be used for water supply, sewerage, flood water drainage, urban transport and green space development in urban areas through the Government of India’s ambitious AMRUT scheme.
A bond is a fixed income investment in which an investor loans money to an entity (typically corporate or governmental) which borrows the funds for a period of time at the fixed interest rate.
Bonds are used by companies, municipalities, states and sovereign governments to raise money and finance a variety of projects and activities.
3. V Prez inaugurates new State Cancer Institute Block in Bengaluru
Vice President M. Venkaiah Naidu will inaugurate the new State Cancer Institute Block at Kidwai Memorial Institute of Oncology in Bengaluru.
Mr Naidu also dedicated to the nation the new linear accelerators installed in the Institute with financial assistance from the Central Government.
The new facility will cut short the waiting period for patients undergoing radiotherapy.
4. E Sreedharan Committee to lay down standards for Metro Rail Systems
The union Govt. has approved setting up of a Committee headed by E Sreedharan (metro man of India) to lay down standards for metro rail systems in the country.
The objective of the committee is to cut costs in the construction and operation of metro rail systems in the country and bring them under the Make in India umbrella.
It will also bring India to international standard.
Currently, the Metro railway system and service are operational in 10 cities (Kolkata, Delhi, Bengaluru, Gurugram, Mumbai, Chennai, Jaipur, Kochi, Hyderabad, and Lucknow) in India.
E Sreedharan is a retired Indian Engineering Service (IES) officer, served as the managing director of Delhi Metro (from 1995 to 2012).
He is credited for changing the face of public transport in India with his leadership in building the Konkan Railway.
5. Nirmala Sitharaman delegates greater financial powers to DRDO units
The union Defence Minister Nirmala Sitharaman has decided to delegate greater financial powers to various authorities to enhance efficiency and effectiveness of Defence Research establishments.
The powers of the secretary, Defence Research and Development to sanction projects and procure equipment have been enhanced from 75 crore rupees to 150 crores.
For the Directors General of the establishments from 50 crores to 75 crores.
The powers of the DG to sanction research projects to Universities, technological institutions and the indigenous defence industry under the Technology Development Fund Scheme of DRDO have also been increased from 3 crores to 5 crores.
The move is intended to neutralise the ill-effects of over-centralisation and facilitate quicker decision making.
6. Odisha govt increases health cover for women
Odisha Chief Minister ‘Naveen Patnaik’ has announced that insurance coverage for women under the Biju Swasthya Kalyan Yojana (BSKY) has been raised from Rs. 5 lakhs to Rs. 7 lakhs.
All the Beneficiaries under BSKY will be given Cashless Healthcare Assistance of Rs. 7 Lakh Per year (per family) from 15th August 2018.
7. Pakistan’s Nasser Janjua resigns as national security adviser
Pakistan’s National Security advisor Lt Gen (retd.) Nasser Khan Janjua submitted his resignation to the Prime Minister.
Janjua was appointed as NSA in October 2015 by the then prime minister Nawaz Sharif, replacing Sartaj Aziz.
Gen Janjua was very active on Pak-Afghan relations and had been in touch with senior officials in Kabul on bilateral issues.
Pakistan’s National security adviser (NSA) is the advisor to the Prime Minister on national and international security issues.
8. India votes against a draft decision on chemical weapons use at OPCW meet
India has voted against the draft decision at a special conference of the Organisation for the Prohibition of Chemical Weapons (OPCW) at The Hague, in the Netherlands.
It has been India’s consistent position that the use of chemical weapons anywhere under any circumstances cannot be justified and the perpetrators of such abhorrent acts must be held accountable.
All investigations of the alleged use of chemical weapons should be conducted in an impartial and objective manner and strictly in accordance with the provisions of the Convention.
The conference has been called by the UK, the US and the West to have discussions on upholding the global ban against the use of chemical weapons.
Honours & Awards
9. Economist Lawrence Haddad & Dr. David Nabarro awarded World Food Prize
Mr. Lawrence Haddad (British economist & food policy researcher) and Dr. David Nabarro were named the 2018 World Food Prize in a ceremony at the U.S. Department of Agriculture in Washington.
They dedicated their careers to improving the availability of nutritious food for pregnant women and children in the effort to reduce the effects of malnutrition in developing countries.
Dr. David Nabarro has worked with the World Health Organization and United Nations on health and hunger issues.
In 1986, the World Food Prize was created by Nobel Peace Prize laureate Norman Borlaug to recognize scientists and others who have improved the quality and availability of food.
10. Saurabh Chaudhary sets junior record, wins gold in shooting World Cup
India’s Saurabh Chaudhary (16-year) set a new world record in the 10m air pistol event at the ISSF Junior World Cup in Suhl, Germany.
Mr Chaudhary shot a total of 243.7 in the 10m air pistol event and won a gold medal.
Earlier, the junior world record to this was 242.5 by shooter Wang Zhehao (China).
Korean shooter Lim Hojin (239.6) won the silver and Chinese Wang Zhehao (218.7) bronze medal.
”Thought of the Day”
“Accept the challenges, so that you may feel the exhilaration of victory”