Daily GK Update 24th January 2019

Appointment Daily GK Update 24rd January 2019

1. Piyush Goyal named interim Finance & Corporate Affairs minister

  • Piyush Goyal was appointed interim finance minister a week ahead of the February 1 interim budget presentation, with Arun Jaitley undergoing surgery in the US.
  • Currently the minister for railways and coal, Goyal will also be interim minister for corporate affairs, the government said.
  • Arun Jaitley will remain a minister without portfolio.
  • “The President of India, as advised by the prime minister, hereby directed that during the period of indisposition of Arun Jaitley, minister; the portfolios of minister of finance and minister of corporate affairs held by him, be temporarily assigned to Shri Piyush Goyal, in addition to his existing portfolios,” Rashtrapati Bhavan said in a release.

Note:

  • This is the second time Goyal has been assigned the finance ministry.
  • He had held an interim charge when Jaitley underwent a kidney transplant in May 2018.

Source: The Economic Times

Important Days

2. National Girl Child Day being observed today

  • The National girl child day is celebrated every year on 24th January as a national observance day for the girl child.
  • The theme this year is ‘Empowering Girls for a Brighter Tomorrow’.
  • The Women and Child Development Ministry has organized an event in Delhi to observe the anniversary of ‘Beti Bachao Beti Padhao’ scheme. Women and Child Development Minister Maneka Gandhi will be the Chief Guest.
  • The day promotes the girl’s position in society to make their living better among society people.
  • National girl child day has been started as a national girl development mission by the Government of India.
  • This mission raises awareness among people all over the country about the importance of girl’s promotion.

International Affairs

3. Venezuela announces breaking off diplomatic ties with the US

  • Venezuelan President Nicolas Maduro announced that the country has cut off diplomatic relations with the United States, giving American diplomats 72 hours to leave the country.
  • The United States has rejected Maduro’s move to break diplomatic ties, saying it did not think he had the authority to cut ties and it would conduct relations with a government led by opposition leader Juan Guaido.
  • Earlier that day, US President Donald Trump said that the United States had recognized Juan Guaido as the Venezuela’s “interim president,” a move that came after Maduro was inaugurated as president of the Latin American country earlier this month.
  • The European Union has called for the immediate start of the political process in the South American nation.

Note:

  • Venezuela has been in economic freefall for a number of years under Maduro’s leadership.
  • Hyperinflation and key shortages, including of food, has forced millions out of the country.
  • The capital of Venezuela is Caracas and the currency is Venezuelan bolívar.

 Economy & Financial Awareness

4. Bihar top state in terms of GDP growth in FY18: Crisil report

  • Bihar has been ranked the top state in terms of GSDP (Gross State Domestic Product) growth in financial year 2017-18, according to a report by Crisil.
  • The state has topped the list by clocking 11.3 percent GSDP growth in fiscal 2018. It was ranked at eighth spot in fiscal 2017 with 9.9 percent GSDP growth.
  • The second spot has been secured by Andhra Pradesh, whose GSDP growth in FY18 jumped to 11.2 percent. Gujarat listed third with growth of 11.1 percent.
  • “In fiscal 2018, Bihar, Andhra Pradesh, and Gujarat were top rankers in terms of GSDP growth among the 17 non-special states considered in our analysis,” the report said.
  • It added, “Jharkhand, Kerala and Punjab were at the bottom.”

Source: Money Control

5. Cabinet approves the creation of National Bench of GST Appellate Tribunal

  • The Union Cabinet approved the creation of a national bench of the Goods and Services Tax Appellate Tribunal (GSTAT).
  • The GSTAT will be presided over by its president and will consist of one Technical Member (Centre) and one Technical Member (State).
  • The bench will be located in New Delhi.
  • The creation of GSTAT’s national bench will cost one-time expenditure of Rs 92.50 lakh while the recurring expenditure will 6.86 crore per year, said Ravi Shankar Prasad, Union Minister of Law and Justice and Electronics and Information Technology.
  • The GSTAT is a forum of the second appeal in GST laws and the first common forum of dispute resolution between the Centre and states.
  • Being a common forum, GST Appellate Tribunal will ensure uniformity in redressal of disputes arising under GST, and thus in smooth implementation of GST across the country.

Source: Business Standard

6. Now, Govt may allow NRIs to subscribe to municipal bonds

  • The Centre is looking at allowing non-resident Indians to subscribe to municipal bonds issued by various urban local bodies, especially for ‘Swachh Bharat’ projects.
  • “The Ministry of Housing and Urban Affairs is currently looking at letting a part of these bonds be issued for subscription by overseas Indians, specifically for Swachh Bharat activities,” according to Manoj Bharti, Additional Secretary, Ministry of External Affairs.
  • Municipal bonds are debt obligations issued by municipal bodies and municipal corporates to fund day-to-day needs and to finance capital projects such as roads, bridges and schools. NRIs, at present, are not allowed to participate in these bonds.

Source: The Hindu

7. PNB: Agyey Kumar joins as Executive Director

  • Agyey Kumar Azad joins Punjab National Bank as a new Executive Director.
  • He was previously General Manager at Bank of India and was posted at Nairobi, Kenya, as Country Head.
  • At present, PNB has two Executive Directors.
  • The other existing Executive Director is LV Prabhakar.

Source: The Hindu Businessline

8. YES Bank ties up with Maharashtra to onboard fair price shops as BCs

  • The Maharashtra government has partnered with private sector lender YES Bank, under its e-PDS State programme, to onboard fair price shops (FPS) as Business Correspondent Agents.
  • “YES Bank will onboard close to 40 percent of all fair price shops in Maharashtra, spanning 12 districts such as Palghar, Thane, Pune, Kolhapur, Latur.
  • As part of the initiative, the lender will engage fair price shops to provide banking services such as small-value cash deposits into any bank account, including domestic remittances and withdrawal from any bank account via Aadhaar-enabled payment system.
  • Such shops will also be able to collect digital payments through Aadhaar-enabled payments for ration, and will also offer value-added services such as bill payments and mobile recharges.

Source: The Hindu Businessline

Honours & Awards

9. Noted Gujarati poet Sitanshu Yashashchandra awarded Saraswati Samman 2017

  • Noted Gujarati poet Sitanshu Yashashchandra has been awarded Saraswati Samman,2017, for his poetry collection in Gujarati named “Vakhar”.
  • The award comprises of a citation and a plaque apart from award money of 15 lakh rupees.
  • Yashashchandra, recipient of the Padmashri in 2006, is known for seamlessly blending history with poetry. He has explored politics of the times, the larger and more immediate human conditions in his award-winning work “Vakhar”
  • Besides the Saraswati Samman, the K.K.Birla foundation also gives away two other literary awards Vyas Samman and Bihari Puraskar besides G.D Birla Award for scientific research.

Source: DD News

10. India-set short film ‘Period. End of Sentence’ gets Oscars nomination

  • A film on menstruation, set in rural India, titled “Period. End of Sentence” has earned a nomination in the Documentary Short Subject category for the 91st Academy Awards.
  • Award-winning filmmaker Rayka Zehtabchi has directed the short film, which has been produced by Guneet Monga’s Sikhya Entertainment.
  • The film came to being as a part of The Pad Project, started by students at the Oakwood School in Los Angeles and their teacher, Melissa Berton.
  • The documentary feature is set in Hapur village outside Delhi, where women lead a quiet revolution as they fight against the deeply rooted stigma of menstruation.

Source: DD News

11. Lance Naik Nazir Ahmad Wani to be conferred with Ashok Chakra

  • Lance Naik Nazir Ahmad Wani, who laid down his life during an anti-terror operation at Shopian in Kashmir in November last year, will be conferred with the Ashoka Chakra, India’s highest peacetime gallantry award.
  • Wani, 38, hailed from Ashmuji in Kulgmam. He died on November 25 during a fierce gunfight.
  • He was a militant, but later came into the mainstream. He joined the Army in 2004.
  • Wani was part of a number of anti-terror operations in South Kashmir, officials said.
  • Ashok Chakra is the highest peacetime military decoration for valour, courageous action or self-sacrifice away from the battlefield.

Source: The Economic Times

Summit & Conferences

12. 15th Pravasi Bharatiya Diwas concludes in Varanasi

  • 15th Pravasi Bharatiya Diwas (PBD) culminated on 23 January 2019, with the valedictory address of President Ram Nath Kovind in Uttar Pradesh.
  • The President also conferred the Pravasi Bharatiya Samman Awards to persons of Indian origin for excellence in various fields.
  • The three-day long convention was organized in Varanasi, the cultural and spiritual capital of India.
  • The theme of PBD Convention 2019 was “Role of Indian Diaspora in building New India“.
  • After the Convention, participants will visit Prayagraj for Kumbh Mela on 24th January 2019.
  • They will then proceed to Delhi on 25th January and witness the Republic Day Parade at New Delhi on 26th January.

Source: DD News

National Affairs

13. CBI files case against former ICICI Bank chief Chanda Kochhar

  • The CBI has booked former ICICI Bank CEO and MD Chanda Kochhar, her husband Deepak Kochhar and Videocon group MD Venugopal Dhoot in connection with alleged cheating and irregularities in loans sanctioned by the bank to the group in 2012, officials said Thursday.
  • “It was alleged that the accused sanctioned certain loans to private companies in a criminal conspiracy with others to cheat ICICI bank,” the CBI spokesperson said.
  • It is alleged that Videocon promoter Venugopal Dhoot allegedly invested crores of rupees in Nupower months after the Videocon group got Rs 3,250 crore as loan from the ICICI Bank in 2012, they said.
  • The move comes 10 months after the CBI registered a preliminary enquiry (PE) against Videocon promoter Venugopal Dhoot, Deepak Kochhar and unidentified others in March last year, they said.

Source: The Economic Times

14. Uttar Pradesh celebrates its 69th foundation day today

  • Uttar Pradesh is celebrating its 69th foundation day today.
  • To celebrate the occasion the main function was organized at Awadh Shilp Gram in Lucknow.
  • Uttar Pradesh Governor Ram Naik and Chief Minister Yogi Adityanath along with members of state cabinet grace the occasion.
  • Uttar Pradesh was earlier known as United Province but through a Gazette notification, it got its name of Uttar Pradesh on January 24, 1950.

Source: DD News

Science & Defence

15. ISRO’s first mission of 2019 to put military satellite Microsat-R in space

  • The Indian Space Research Organisation (ISRO) will launch a students’ satellite Kalamsat and an imaging satellite Microsat-R from the Satish Dhawan Space Centre in Sriharikota today.
  • The national space agency’s workhorse rocket, PSLV C44, carrying the satellites, is scheduled for liftoff at 11:27 pm.

Note:

  • Kalamsat is a payload developed by students and Chennai based Space Kidz India for the first time.
  • The Microsat-R satellite is meant for the Defence Research and Development Organisation (DRDO) purposes.

16. Navy Chief Admiral Sunil Lanba commissions new Naval Air Base INS Kohassa

  • Navy Chief Admiral Sunil Lanba today commissioned the new Naval Air Base ‘INS Kohassa’ at Diglipur in Andaman and Nicobar Islands.
  • The new airbase, named ‘INS Kohassa’ at Diglipur, will be used to handle operations of helicopters and small aircraft like the Dornier.
  • The airport at Diglipur will be utilized for both Defence and civil aircraft.

Source: DD News

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Thoughts of the day’

“One Small Positive Thought in the morning

Can Change Your Whole Day

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: 23rd January 2019 before attempting the quiz.

Current Affairs 7th July 2018: Daily GK Update

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