Current Affairs Updates || 10 – 09 – 2018

Mentor for Bank Exams

Dear Aspirants,
Welcome to Mentor for Bank Exams. 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!!

1. NTPC to invest ₹9,785 crore for expansion of Talcher plant in Odisha
National Thermal Power Corporation Limited (NTPC) board has approved an investment of ₹9,785 crore for the 1,320 MW Stage-III expansion of Talcher thermal power plant situated in Angul district of Odisha. It is one of the top performing power stations.
Did you Know
NTPC CEO-Gurdeep Singh , Founded – 1975.

2. ICRA downgrades ratings of IL&FS loans, debentures to 'junk' status
Rating agency ICRA has effected a multi-notch rating downgrade for IL&FS , which is facing liquidity pressure and overleverage. Its loans and debentures now carry “BB” (junk or non-investment status) as against the previous rating of "AA+".
Did you Know
IL&FS- Infrastructure Leasing & Financial Services.

3. Apollo Global buys JP Morgan’s India realty platform
Apollo Global Management has acquired global financial services major JP Morgan’s real estate fund management platform in India. The platform comprises two funds of vintage 2007 and 2014 with aggregate assets under management of about $300 million.
Did you Know
Apollo Global Management, HQ – New York

4. Aishwarya Rai Bachchan gets honoured with the Meryl Streep Award
The global star Aishwarya Rai Bachchan received the inaugural Meryl Streep Award for Excellence at the first Women in Film and Television India Awards held in Washington DC.
Janhvi Kapoor received the WIFT Emerald Award for her earnest debut performance.
Did you Know
Zoya Akhtar received Wyler Award for Excellence in Direction.

5. Arpinder Singh wins historic bronze medal at IAAF Continental Cup
In the triple jump event at the IAAF Continental Cup held in Ostrava, Czech Republic, Arpinder Singh created history by becoming the first Indian to win a medal. The IAAF Continental Cup is being competed in 37 events in men and women sections.
Did you Know
Recently, he won the gold medal at Asian Games in Indonesia.

6. SSLV will offer cost-effective satellite launch options in India: Antrix CMD
According to Antrix, ISRO’s commercial arm, the Small Satellite Launch Vehicle (SSLV), being built by ISRO, will offer affordable launch options in India and help boost revenues .SSLV is meant exclusively for small satellites such as nanosats and cubesats.
Did you Know
S Rakesh – Antrix CMD, Founded- 1992.

7. SEBI Panel Proposes To Relax Foreign Fund Ownership Rules
As a set of relaxations to its earlier foreign fund ownership rules, a panel set up by SEBI has suggested that beneficial ownership criteria should be applicable for know-your-customer rules only and not for eligibility for foreign investors.
Did you Know
Securities and Exchange Board of India, HQ – Mumbai.

8. Giant Trap deployed to Catch Plastic Littering the Pacific Ocean
The 2,000-foot-long unmanned structure floating boom designed to corral plastic debris littering the Pacific Ocean deployed from San Francisco Bay as part of an ambitious undertaking. It hopes to clean half of the Great Pacific Garbage Patch.
Did you Know
Garbage patch- a trash between California and Hawaii.

9. North Korea marks 70th anniversary without ballistic missiles
North Korea staged a huge military parade that focussed on peace and development to mark its 70th anniversary as a nation but refrained from displaying its most advanced missiles .It featured armoured personnel carriers, multiple rocket launchers.
Did you Know
North Korea Capital -Pyongyang ,Currency- Won

10. US Open final: Novak Djokovic beats Juan Martin del Potro
Novak Djokovic ,31 clinched the US Open, 2018 men title by beating Juan Martin del Potro 6-3, 7-6, 6-3 to win the US Open for the third time. He took his career tally of Grand Slam titles to 14 ,equaling Pete Sampras’ career total.
Did you Know
Federer and Nadal have won 20 and 17 title’s respectively.

11. Satrughna Pandav bags Sarala Puraskar
Noted Odia poet Satrughna Pandav bagged the 39th edition of the Sarala Puraskar for his work “Misra Dhrupad”. Pandeet Umesh Chandra Kar awarded Ila Panda Sangeet Samman and Binod Moharana received Ila Panda Chitrakala Samman.
Did you Know
Puruskar has a cash award of Rs 5 lakh along with a citation.

12. RBI may conduct OMO purchase to infuse liquidity into banking
The Reserve Bank of India (RBI) is likely to conduct an open market operation (OMO) purchase this week to infuse liquidity into the banking system, which is further going to tighten on account of advance tax payments.
Did you Know
RBI HQ- Mumbai , Urjit Patel - Governor.