Current Affairs 29th September 2018: Daily GK Update

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Current Affairs 29th September 2018: Daily GK Update

Dear Aspirants, Current Affairs 29th September 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!!

Sports 

1. Mary Kom has been named brand ambassador of Tribes India

  • Five-time world champion boxer MC Mary Kom was named as the brand ambassador of Tribes India, an initiative of the Ministry of Tribal Affairs.
  • The Ministry of Tribal Affairs launched the “Punch Tantra” collection to promote tribal artifacts and named Mary Kom as the brand ambassador of “Tribes India”- an initiative to promote tribal artifacts.
  • Punch Tantra is an exclusive collection, which comprises a range of ethic and traditional tribal handicrafts and handloom products, was also unveiled during the event.
Note: Jual Oram is the current Union Minister of Ministry of Tribal Affairs.Source: The Times of India

2. India lift Asia Cup for the 7th time

  • India has lifted the Asia Cup for a record seventh time.
  • In the final of Asia Cup 2018, India defeated Bangladesh by 3 wickets on the final ball of the match to successfully defend the title.
  • India won the toss and chose to field.
  • At one time Bangladesh was 120 for no loss but the team was all out on 222 in 48.3 overs. Opener Liton Das scored 121, his maiden ODI ton.
  • Kuldeep Yadav bagged 3 wickets.
  • In reply, India overhauled the target on the last ball after they needed 6 runs from the final over.
  • Man-of-the-match: Liton Das
  • Man-of-the-tournament: Shikhar Dhawan
India in Asia Cup –
YearWinnerRunner-up
1984IndiaSri Lanka
1988IndiaSri Lanka
1990/91IndiaSri Lanka
1995IndiaSri Lanka
2010IndiaSri Lanka
2016IndiaBangladesh
2018IndiaBangladesh
Source: DD News

Banking & Finance

3. India’s external debt declines 2.8 percent $514.4 billion at end-June: RBI

  • According to the RBI, India’s external debt declined 2.8 percent to USD 514.4 billion at June-end over the previous quarter on account of a decrease in commercial borrowings, short-term debt, and non-resident Indian (NRI) deposits.
  • At end-June 2018, the external debt was placed at USD 514.4 billion, recording a decrease of USD 14.9 billion over its level at end-March 2018.
  • As per the RBI, the decrease in the magnitude of external debt was primarily due to valuation gains resulting from the appreciation of the US dollar against the Indian rupee and major currencies.
  • The external debt to GDP ratio stood at 20.4 percent at end-June 2018, a shade lower than its level of 20.5 percent at end-March 2018.
Source: The Economic Times

4. RBI slaps Rs 5 crore penalty on Karur Vysya Bank

  • The Reserve Bank of India has imposed a penalty of Rs 5 crore on Karur Vysya Bank for non-compliance of its directives.
  • According to an RBI statement on Friday, the penalty was imposed for non-compliance with its directions on “Income Recognition and Asset Classification (IRAC) norms, reporting of frauds, and on the need for discipline at the time of opening of current accounts”.
Source: The Economic Times

5. RBI bars Bandhan Bank from opening new branches freezes CEO’s compensation

  • The Reserve Bank of India (RBI) barred Bandhan Bank from opening new branches and also ordered freezing of the bank’s CEO salary over failure to stick to shareholding rules.
  • According to the Bandhan bank, is taking necessary steps to comply with the licensing condition to bring down the shareholding of NOFHC in the Bank to 40 percent and shall continue to engage with RBI in this behalf.
Note:
  • As per the bank’s website, it has 937 branches in parts of the country.
  • The Bandhan, a micro-finance institution, was given conditional approval by the RBI for a setting up universal bank in April 2014. The bank operational in 2015.
  • Headquartered in Kolkata, Bandhan, which started as a micro-finance company in 2001, received banking licence by Reserve Bank of India in 2014.
  • Besides Bandhan, the RBI had also given the banking licence to IDFC.
Source: The Economic Times

Appointment

6. Ravi, former Editor-in-Chief of The Hindu, elected PTI chairman

  • Ravi, the publisher of The Hindu Group of Newspapers, unanimously elected Chairman of Press Trust of India (PTI), the country’s largest news agency.
  • Vijay Kumar Chopra, the chief editor of Punjab Kesari Group of newspapers, unanimously elected Vice Chairman of PTI.
  • Ravi, 70, succeeds Viveck Goenka, Chairman and Managing Director of the Express Group.
  • The elections took place at a meeting of PTI’s Board of Directors following the Company’s 70th Annual General Meeting in New Delhi.
Note:
  • Ravi, an award-winning journalist with a distinguished career in India and the U.S., is also currently Chairman of Bharatiya Vidya Bhavan’s Chennai centre.
  • He has also been the Chairman of the India Chapter of the International Press Institute and member of the Executive Board of the International Press Institute, Vienna.
  • He was president of the Editors’ Guild of India as well as a member of the government’s National Integration Council from 2006 to 2008.
  • The 86-year-old Mr. Chopra, who was awarded the Padma Shri in 1990 for literature and education, was Chairman of PTI twice before in 2001 and 2009.

International Affairs

7. Typhoon Trami hit Japan’s southern island of Okinawa

  • Typhoon Trami hit Japan’s southern island of Okinawa with a maximum speed of 216 kilometres per hour today.
  • Officials said, at least five people have been injured so far but no one is feared dead.
  • However, the number may rise.
Source: DD News

8. Nearly 400 killed in Indonesian quake, tsunami

  • Nearly 400 people were killed when a powerful quake sent a tsunami barrelling into the Indonesian island of
  • The national disaster agency put the official death toll so far at 384, all of them in the tsunami- struck city of Palu but warned the toll was likely to rise.
  • Some 540 people were badly injured, it added.
Note:
  • Indonesia is one of the most disaster-prone nations on earth.
  • It lies on the Pacific “Ring of Fire”, where tectonic plates collide and many of the world’s volcanic eruptions and earthquakes occur.
  • Earlier this year, a series of powerful quakes hit Lombok, killing more than 550 people on the holiday island and neighbouring Sumbawa.

9. Facebook reported major security breach, 50M users accessed by unknown attackers

  • Facebook has reported a major security breach in which accounts of 50 million users were accessed by unknown attackers.
  • The attackers stole digital keys, called access tokens, the company uses to keep people logged in.
  • Facebook said, it had logged out owners of the affected accounts and 40 million others who were vulnerable to the attack.
  • The social media giant added that it did not know who was behind the attacks or where they’re based.
  • Facebook’s Vice President of Product Management, Guy Rosen said, neither passwords nor credit card data was stolen.
  • However, the company has ed the FBI and regulators in the US and Europe as third party apps, including Instagram, could have been affected.
  • Facebook has said that if your account was hacked it will notify you. The notification message will appear on the top of your news feed, if your account was hacked.
Source: DD News

  Thoughts of the day’

“Failure is a success if we learn from it.

GK Quiz (for previous day’s news only) Take the quiz below to find out how well-versed you are in current affairs. You can also go through the Daily GK Update: 28th September 2018 before attempting the quiz.
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