Current Affairs 5th July 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!!
The Union Minister Shri Piyush Goyal has launched the CMSMS and Mobile Application ‘Khan Prahari’ at a ceremony in New Delhi.
The objective of CMSMS (Coal Mine Surveillance & Management System) is reporting, monitoring and taking suitable action on unauthorized coal mining activities.
The CMSMS is a web-based GIS application through which location of sites for unauthorized mining can be detected.
Khan Prahari is a tool for reporting any activity taking place related to illegal coal mining like rat-hole mining, pilferage etc.
One can upload geo-tagged photographs of the incident along with textual information directly to the system.
2. MP govt launches an outstanding power bill waiver scheme ‘Sambal’
The Madhya Pradesh government has launched an outstanding power bill waiver scheme and subsidized power scheme ‘Sambal’ for laborers and poor families.
Under the scheme, the Below Poverty Line (BPL) families would be provided electricity at a cost of 200 rupees per month, while Power connection would be provided free of cost to the beneficiaries.
In case the bill is lower than 200 rupees, the beneficiary will have to pay the actual bill amount
If the bill amount crossing 200 rupees, then the difference amount would be subsidized by the state government.
Under this scheme, the outstanding electricity bill worth five thousand 179 crores rupees is to be waived off.
3. NITI Aayog to organize India’s first Global Mobility Summit
NITI Aayog (in collaboration with various ministries & industry partners) will organize ‘MOVE: Global Mobility Summit’ in New Delhi in September 2018.
The objective of the Summit is to bring together and engage with key stakeholders within the rapidly transforming global mobility landscape and to evolve a public interest framework for a shared, connected, zero emission and inclusive mobility agenda for the future.
The Summit will constitute three designated components, the Conclave, the Expo and the Featured Events.
This Summit will help drive Government’s goals for vehicle electrification, renewable energy integration & job growth and speed up India’s transition to a clean energy economy.
4. Bhutan PM arrives in New Delhi on 3-day visit to India
Bhutan’s Prime Minister Dasho ‘Tshering Tobgay’ arrived in New Delhi on a three-day visit to India.
India and Bhutan enjoy unique ties of friendship and cooperation, which are characterized by the utmost trust and mutual understanding.
This year both countries are commemorating the Golden Jubilee of the establishment of formal diplomatic relations.
He will call on President Ram Nath Kovind and hold talks with Prime Minister Narendra Modi and other Ministers.
5. Agartala Airport to be named after Maharaja Bir Bikram Kishor Manikya Bahadur
According to Tripura Chief Minister Biplab Kumar Deb, Agartala Airport will be named after Maharaja Bir Bikram Kishor Manika Bahadur.
Maharaja Bir Bikaram Kishor Manikya Bahadur sowed the seeds for the development of a modern Tripura.
Maharaja Bir Bikram Kishore Manikya Bahadur, who ascended the throne of the erstwhile Tripura Princely State in 1923, was an enlightened and benevolent ruler.
Agartala Airport was constructed in 1942 on the land donated by Maharaja.
6. Sports Authority of India set to be renamed as Sports India
According to the Union Sports Minister Rajyavardhan Singh Rathore, The Sports Authority of India (SAI) is set to be renamed as Sports India.
The sports body Sports Authority of India established in 1984.
Coaches will be given a say in decision making and the food expenses for athletes will also be increased.
The Sports Authority of India (SAI) is an apex National Sports body established in 1984 by the Ministry of Youth Affairs and Sports of Government of India for the development of sport in India.
SAI has 2 Sports Academic institutions, 10 – SAI Regional Centres (SRC), 14 – Centre of Excellence” (COE/COX), 56 -Sports Training Centres (STC) and 20 – Special Area Games (SAG).
7. Cabinet approves the increase of MSP for 14 Kharif crops
The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi hiked the minimum support price (MSP) of 14 Kharif crops for the 2018-19 season.
The government’s price advisory body CACP has calculated production cost of paddy at 1,166 rupees per quintal.
The MSP of paddy (common grade) by 200 rupees to 1,750 rupees per quintal for the 2018-19 season.
The support price of Grade A variety of paddy has been raised by 180 rupees per quintal to 1,770 rupees.
The hike in the MSP will cost the exchequer over 15,000 crore rupees.
8. NHA launches a process to empanel hospitals to achieve universal health coverage
The National Health Agency (NHA) has launched a formal process to empanel public and private hospitals to achieve universal health coverage.
The objective is to improve access for the most vulnerable and unreached sections of the population and holistically address healthcare by covering prevention, promotion and ambulatory care at primary, secondary and tertiary levels.
The government’s flagship scheme ‘Ayushman Bharat’ aims to provide a coverage of 5 lakh rupees per family annually and benefit more than 10 crore poor families.
National Health Agency (NHA) is the apex body for the implementation of the Centre’s ambitious Ayushman Bharat-National Health Protection Scheme.
9. Bank of China gets RBI license to launch operations in India
The Reserve Bank of India (RBI) has issued the license to Bank of China to launch operations in India.
This will be the second Chinese bank (first Industrial & Commercial Bank of China Ltd) to be operating in the country.
Now, the United Kingdom’s Standard Chartered has the highest, 100 branches in India.
Bank of China was founded in 1912 by the Republican government to replace the Daqing Bank.
Bank of China is one of the four biggest state-owned commercial banks (the Farmers Bank of China, Bank of Communications and Central Bank of the Republic of China) in China.
10. Vishwas Patel appointed Payments Council of India Chairman
Payments Council of India (PCI) has appointed Vishwas Patel (CEO of Infibeam Avenues) as its new chairman.
He takes over from Naveen Surya, who has been elevated to the post of Chairman Emeritus.
Payments Council of India (PCI) is an apex body representing the companies in the payments and settlement system.
Loney Antony (Managing Director, Hitachi Payment Services) has been appointed as its new co-chairman.
The Payments Council of India (PCI) was formed under the aegis of IAMAI in the year 2013 catering to the needs of the digital payment industry.
PCI works closely with Reserve Bank of India (RBI), Finance Ministry and any similar government, departments, bodies or Institution to make ‘India a less cash society’.
Thought of the Day
“Do not wait to strike till the iron is hot; but make it hot by striking”