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bankersadda.com/2018/03/current-affairs-01st-march-2018-daily.html
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 The questions on Static and Banking Awareness are
related to the countries, events or anything that has been in news for a while. Apart from
the GA Section, an excellent knowledge of current news also helps you deal with the PI
(Personal Interview) more efficiently so you do not give a mumble jumble answer to the
interviewee's simple questions.
National News
i. The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given the
following set of approvals. The important Cabinet Approvals are given as follows-
ii. The Cabinet has approved-
1. An apprised of an MoU between India and Fiji on Cooperation in Renewable Energy.
2. MoU between India and Macedonia on cooperation in the field of Health.
3. Signing of MoU between India and Jordan on Cooperation in Health Sector.
4. Signing of MoU between India and Jordan on Cooperation in the Field of Manpower.
5. Agreement between India and Jordan on Cooperation and Mutual Administrative
Assistance in Customs Matters.
6. Amendments to Housing and Telephone Facilities Rules, Constituency Allowance
Rules and Office Expense Allowance Rules for MPs.
7. The Trafficking of Persons (Prevention, Protection and Rehabilitation) Bill, 2018.
8. MoU between India and Jordan for mining and beneficiation of Rock Phosphate & MOP
and setting up the production facility in Jordan for Phosphoric Acid/DAP/NPKFertilizers.
9. MoU between India and Vietnam on Economic and Trade Cooperation.
10. Doubling of Government guarantee from Rs 9,500 crore to Rs.19,000 crore for
procurements of pulses and oilseeds at MSP under Price Support Scheme by NAFED.
11. Continuation of Prime Minister's Employment Generation Programme
(PMEGP) beyond 12th Plan for three years from 2017-18 to 2019-20.
i. The apex anti-terror body National Investigation Agency (NIA) will be the nodal
authority for probing cases of human trafficking after the government approved a
proposal in this regard.
ii. The Union Cabinet okayed the draft Trafficking of Persons (Prevention, Protection and
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Rehabilitation) Bill, which also proposes a punishment of life imprisonment for repeat
offenders. The draft Bill divides various offences into "trafficking" and "aggravated
trafficking".
i. The first Mega Food Park in the state of Maharashtra Satara Mega Food Park Pvt.
Ltd. at Village Degaon, District Satara was inaugurated by Harsimrat Kaur Badal, Union
Minister of Food Processing Industries.
ii. This is the 10th Mega Food Park being operationalized in the country and the 8th
operationalized during the tenure of the present government. Satara Mega Food Park has
been set up in 64 acres of land at a cost of Rs. 139.30 crore.
Banking/Economy News
i. Moody's Investors Service estimated that India will grow 7.6% in the calendar year
2018 and 7.5% in 2019, amid signs of economic recovery from the impact of
demonetisation and GST.
ii. In its global growth forecasts for 2018 and 2019, Moody’s stated the Budget for the fiscal
year beginning April 1 (2018-19) includes some measures to stabilise the rural economy
that was disproportionately hit by the scrapping of high denomination 500 and 1000 rupee
notes.
i. IndusInd Bank announced its partnership with Ripple (the enterprise blockchain
solution for Global Payments) to facilitate payments into and out of India. With this
affiliation, RippleNet can now provide instant access in emerging markets such as India,
Brazil and China.
ii. In 2017, India saw a total of $65 billion move into the country and IndusInd Bank
which has significant interests in cross-border remittances, plans to harness the power of
Blockchain technology for facilitating global payments.
Sports News
i. Tokyo unveiled its long-awaited mascot for the 2020 Olympic Games: a futuristic blue-
checked, doe-eyed character with pointy ears and “special powers” that was picked by
schoolchildren across mascot-mad Japan.
ii. One has an athletic figure and a strong sense of justice. The other is a cherry
blossom-inspired superhero.
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