Current Affairs 6th April 2019 | Daily GK Update

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. Phayeng Village Becomes India’s 1st Carbon-Positive Settlement

i. Phayeng Village in Imphal West district of Manipur has become India’s first carbon-positive settlement.

ii. A village is given carbon-positive tag if it sequesters more carbon than it emits, slowing accumulation of greenhouse gases (GHGs) and mitigating effects of climate change. Phayeng Village is scheduled caste village of the Chakpa community.

Appointments

2. David Malpass Named World Bank President

i. David Malpass has been appointed as the President of the World Bank. He was US President Donald Trump's nominee and won unanimous approval from the institution's executive board.

ii. He has replaced Former World Bank President Jim Yong Kim who left in January 2019. Malpass was former Bear Stearns and Co chief economist who advised Trump's 2016 election campaign.

Static/Current Takeaways Important For LIC AAO Mains Exam:

World Bank Headquarters in: Washington DC, USA, Established in: 1944.

Banking/Business News

3.CCI Approves L&T's Proposal To Acquire Up to 66.15% Stake in Mindtree

i. The Competition Commission of India (CCI) approved engineering and construction major Larsen & Toubro’s (L&T’s) proposal to acquire up to 66.15% stake in Mindtree.

ii. With this nod, L&T has overcome the first major regulatory hurdle in its bid for ‘hostile’ takeover of the Bengaluru-headquartered IT services firm.

4. Lakshmi Vilas Bank To Merge With Indiabulls Housing Finance

i. The board of Lakshmi Vilas Bank (LVB) approved the merger of the private sector lender with Indiabulls Housing Finance (IBH) through a share swap deal.

ii. The merger will also enable Tamil Nadu-based LVB to obtain a larger geographical presence. The merged entity will have a net worth Rs19,472 crore and a loan book Rs1,23,393 crore for the nine months of FY19.

Important Days

5. National Maritime Day: 5th April

i. In India, the National Maritime Day is celebrated every year on April 5. The day was first celebrated on April 5, 1964.

ii. The theme of the 56th edition of the National Maritime Day is “Indian Ocean-An Ocean of opportunity”.

Sports News

6. Praful Patel Becomes 1st Indian In FIFA Executive Council

i. Praful Patel, president of All India Football Federation (AIFF), has become the first Indian to be elected as a member of FIFA Executive Council.
ii. Patel, who serves as a Senior Vice President at the Asian Football Confederation (AFC), was one of the eight candidates vying for the spot in the election, which was held during the 29th AFC Congress in Kuala Lampur in Malaysia.

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