Dear Aspirants,
The General Awareness Section plays an important role in scoring well above cut off marks in any competitive exam. The Banking Awareness and Static Awareness questions asked in the General Awareness Section are based on Current Affairs mainly. So you need to prepare well this section to score good marks. Here is the Daily GK Update to get you acquainted with the top events that made the headlines today!!
National News
1. India Withdraws Most Favoured Nation Status To Pakistan
i. Following the attack in Jammu & Kashmir's Pulwama that left 44 CRPF personnel dead, India has withdrawn the MFN (Most Favoured Nation) status that it had granted to Pakistan.
ii. The decision was taken during the Cabinet Committee on Security meeting held in New Delhi. India had granted the status to Pakistan in 1996, a year after WTO's formation.
2. Universal Old Age Pension Scheme Announced By Bihar Government
i. Bihar Chief Minister, Nitish Kumar announced a Universal Old Age Pension scheme, named Mukhya Mantri Vriddha Pension Yojana (MMVPY), irrespective for all caste, community, religion, except for those who are retired from government organizations.
ii. The scheme facilitates the amount of Rs. 400 monthly pension for all in the state above the age of 60 who are not getting a pension from the government. The Chief Minister also announced a pension of 6,000 rupees for journalists above 60 years of age.
Static/Current Takeaways Important for NIACL AO Mains Exam:
- Bihar CM: Nitish Kumar, Governor: Lalji Tandon.
3. India Signed Deal With US To Procure 72,400 Assault Rifles
i. The Indian Government has signed a deal with the US under Fast Track Procurement (FTP) to avail the Indian Army with 72,400 new ‘Sig Sauer Assault Rifles’ which will overhaul the army’s inventory of frontline rifles.
ii. These Sig Sauer Assault rifles are 7.62*51 mm which are compact, robust, advance in technology and easy to maintain in field conditions. These new rifles will come at a cost of around Rs. 700 Crore and will be used by the army troops deployed along the 3,600 km China’s border.
Static/Current Takeaways Important for NIACL AO Mains Exam:
- US President: Donald Trump, Capital: Washington, D.C, Currency: US Dollar.
4. India-U.S. Commercial Dialogue And CEO Forum Held in New Delhi
i. India and the United States held India-U.S. Commercial Dialogue and India-U.S. CEO Forum in New Delhi. Union Minister for Commerce & Industry and Civil Aviation, Suresh Prabhu, chaired the meeting.
ii. The CEO Forum was co-chaired by Chairman, Tata Sons, N. Chandrasekaran and President and CEO of American Tower Corporation, Mr. James D.
iii. The MoU was signed between National Accreditation Board for Certification Bodies (NABCB) of India and ANSI National Accreditation Board (ANAB) of the United States for cooperation in matters related to accreditation.
5. Pradhan Mantri Shram Yogi Maan-Dhan Implemented In India
i. Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) was rolled out by the Ministry of Labour and Employment from 15 February 2019. The scheme announced in the Interim Budget was notified by the Ministry recently.
ii. Following are the Salient Features of PM-SYM:
1. Minimum Assured Pension: Each subscriber under the PM-SYM, shall receive minimum assured pension of Rs 3000/- per month after attaining the age of 60 years.
2. Family Pension: During the receipt of pension, if the subscriber dies, the spouse of the beneficiary shall be entitled to receive 50% of the pension received by the beneficiary as family pension. Family pension is applicable only to spouse.
Appointments
6. P C Mody Appointed As Chairman of CBDT
i. Appointments Committee of Cabinet (ACC) has appointed senior IRS officer Pramod Chandra Mody as chairman of Central Board of Direct Taxes (CBDT).
ii. He will succeed Sushil Chandra, who was recently appointed Election Commissioner. He is 1982 batch Indian Revenue Service (Income Tax cadre).
iii. Central Board of Direct Taxes (CBDT)
- It is nodal policy-making body of Income Tax (IT) department functioning under Department of Revenue, Union Ministry of Finance.
- It is a statutory authority established under The Central Board of Revenue Act, 1963.
- It is supreme body in India for framing policies related to direct taxes and is also tasked to enforce direct tax laws in the country.
7. CBDT Chief Sushil Chandra Appointed As Election Commissioner
ii. Former bureaucrat Ashok Lavasa is the first and senior-most Election Commissioner. A 1980-batch Indian Revenue Service (IRS) official, Mr. Chandra is an IIT graduate. His appointment comes weeks ahead of the Lok Sabha elections.
International News
8. NASA Announces The End Of Opportunity
i. NASA announced that its Opportunity Rover mission is complete after the rover failed to respond despite repeated trials since August 2018. The space agency inferred that a planet-encircling dust storm cut off communications with Opportunity on June 10, 2018, disabling its solar panels from storing power.
ii. The robotic rover, which wandered the surface of the red planet for over 15 years, was launched by NASA in July 2003 as a part of its Mars Exploration Rover program. It is survived by NASA's Curiosity rover, which is now the only active robot on Mars.
9. India Signs Legal Agreements With The World Bank
ii. The Shimla Water Supply and Sewerage Service Delivery Reform Programmatic Development Policy Loan 1 is expected to improve water supply and sanitation (WSS) services in and around the iconic hill city of Shimla.
Static/Current Takeaways Important for NIACL AO Mains Exam:
- World Bank Headquarters: Washington, D.C., United States.
You may also like to Read:
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- More Current affairs questions
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