Daily GK Update 22nd April, 2017

World Earth Day being observed today

i. The World Earth Day is being observed all over the world on 22 April with the message to protect the environment.
ii. The campaign theme for 2017 is 'Environmental and Climate Literacy'. The first Earth Day celebrations took place in 1970.

Law Minister Ravi Shankar Prasad launches Probono Services, Legal Aid Schemes, Nyaya Mitra

i. Minister of Law and Justice Ravi Shankar Prasad inaugurated three welfare initiatives of the Department of Justice. The services launched are-

1. Pro-bono legal services- Through the Pro bono legal services, lawyers who want to provide legal services free of cost can register themselves on a web-based platform.

2. Tele-law service- It aims to connect marginalized communities with lawyers through video conferencing facilities, to be set up at Common Service Centres (CSCs). 
3. Nyaya Mitra Project- It aims to reduce pendency in lower courts, with a special focus on cases which are more than ten years old.

1st ‘India Indonesia Energy Forum’ held in Jakarta

i. Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, Shri Piyush Goyal and Indonesia's Minister of Energy and Mineral Resources, Mr. Ignasius Jonan met for the 1st ‘India Indonesia Energy Forum’, held in Jakarta, Indonesia.
ii. The Energy Forum was preceded by 2nd Joint Working Group (JWG) on Oil and Gas, 4th Joint Working Group on Coal and 1st Joint Working Group on New and Renewable Energy. The reports of three Joint Working Groups were presented to two Ministers during the Energy Forum.

GIC Re- first insurance company to sets up base in GIFT City, Gujarat

i. General Insurance Corporation of India (GIC Re) has become the first re-insurer to open an office at India’s first International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT City).

China successfully launched first cargo spacecraft

i. China successfully launched its first unmanned cargo spacecraft named Tianzhou 1.
ii. It is programmed to conduct scientific experiments after reaching the now-crewless Tiangong 2, China's second space station. China aims to build up the permanent space station by 2022.
iii. China becomes the 3rd country after US and Russia to Master the techniques of refueling in Space.

RBI signs MoU with the Bank of Guyana

i. The Reserve Bank of India signed an MoU)on “Supervisory Cooperation and Exchange of Supervisory Information” with Bank of Guyana.
ii. Earlier, RBI has signed 40 such MoUs, one Letter for Supervisory Co-operation and one Statement of Co-operation.

AU Financiers converts to small finance bank

i. AU Financiers India, a non-banking finance company (NBFC), has converted itself into a small finance bank by the name AU Small Finance Bank.
ii. As an NBFC, AU had a network of 300 branches spread across 10 States namely Rajasthan, Maharashtra, Gujarat, Madhya Pradesh, Punjab, Delhi, Haryana, Himachal Pradesh, Chhattisgarh, and Goa.

NDMA conducted first mock exercise on forest fire in Uttarakhand

i. The National Disaster Management Authority (NDMA) conducted its first-ever mock exercise on forest fire in Uttarakhand to help improve the preparedness and response mechanism in the event of a forest fire.
ii. The mock exercise was conducted on the principle of Incident Response System (IRS).

India, South Korea sign MoU for Defence Industry

i. India and South Korea have signed an Inter-governmental MoU for Defence Industry cooperation between their shipbuilding yards.
ii. The Indian side was represented by Secretary of Defence Production A K Gupta and South Korea was represented by his counterpart Chang Miyung Jin, in New Delhi. India has nominated Hindustan Shipyard at Vishakhapatnam whereas South Korea is yet to nominate its shipyard.

GNFC wins Golden Peacock Award

i. The Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC) won the prestigious Golden Peacock Award 2017 in the category of Innovative Product/Service for pioneering a cashless township transformation model.
ii. The Golden Peacock Awards were established by the Institute of Directors (IOD) in India in 1991.
iii. Rajiv Kumar Gupta, the managing director of the GNFC, was given the award at a ceremony at the 27th World Congress at the Dubai Global Convention.

Veteran Journalist Nora Chopra passes away
i. Veteran Journalist Nora Chopra passed away at 64 due to multi-organ failure.
ii. A senior journalist and columnist, Smt. Chopra was widely admired and respected for her journalistic skills.




Important Takeaways from above GK Update are as follows

• World Earth Day is observed globally on 22 April
• The campaign theme for 2017 is 'Environmental and Climate Literacy'
• The first Earth Day celebrations took place in 1970.
• Shri Ravi Shankar Prasad is Minister of Law and Justice
• He launched 3 welfare initiatives viz. Pro-bono legal services, Tele-law service and Nyaya Mitra project
• 1st ‘India Indonesia Energy Forum’ held in Jakarta
• Jakarta is the capital of Indonesia
• Currency of Indonesia is Indonesian rupiah
• GIC Re becomes the first insurance company to sets up base in GIFT City, Gujarat
• GIC Re is wholly owned by the government and was designated as the national reinsurer in 2001
• Mrs. Alice G Vaidyan is the Chairman-cum-Managing Director of GIC Re
• It is headquartered in Mumbai, Maharashtra.
• China launched its first unmanned cargo spacecraft named Tianzhou 1
• China becomes the 3rd country after US and Russia to Master the techniques of refueling in Space
• Capital of China is Beijing, its  Currency is Renminbi and its President  Xi Jinping
• RBI signs MoU with the Bank of Guyana
• The MoU was signed on Supervisory Cooperation and Exchange of Supervisory Information
• Dr. Gobind N. Ganga is the Governor of Bank of Guyana
• Guyana Country in South America with its capital in Georgetown
• AU Financiers India converted itself into a small finance bank
• New Name is AU Small Finance Bank
• Mr. Mannil Venugopalan is the Chairman of Board of AU small financial Bank
• National Disaster Management Authority conducted its first-ever mock exercise on forest fire in Uttarakhand
• Mock exercise was conducted on the principle of Incident Response System (IRS)
• India and South Korea   signed an  MoU for Defence Industry cooperation
• The agreement was signed in New Delhi
• Larsen & Toubro (L&T) and Hanwa Techwin of South Korea signed a contract to manufacture the K9 Vajra-T tracked self-propelled artillery guns for the Indian Army
• GNFC won the Golden Peacock Award 2017
• Justice Dr. Arijit Pasayat was the Chairman of Jury
• Rajiv Kumar Gupta is the managing director of the GNFC
• Full form of GNFC is Gujarat Narmada Valley Fertilizers & Chemicals Ltd

QUIZ-22

Q1. Sports Ministry has approved the appointment of two top foreign athletics coaches, one each in race walking and 400m race keeping in mind 2020 Olympics. 2020 summer Olympics will be held in ______.

(a) Beijing, China

(b) Tokyo, Japan

(c) Muscat, Oman

(d) Pyeongchang, South Korea

(e) Rio de Janeiro, Brazil

Q2. National Film Awards were announced recently for year 2016, Akshay Kumar won the Best Actor award for Rustam. It was _______ edition of National Film Awards.

(a) 56th

(b) 45th

(c) 55th

(d) 64th

(e) 68th

Q3. Name the lender that has announced that its Unified Payments Interface (UPI) will also be available on Chillr, a multi-bank mobile payments app.

(a) Axis Bank

(b) South India Bank

(c) HDFC Bank

(d) ICICI Bank

(e) SBI

Q4. Name the Noble Prize winner who has been recently appointed as the United Nations Messenger of Peace by Secretary-General Antonio Guterres.

(a) Bob Dylan

(b) William C. Campbell

(c) Kailash Satyarthi

(d) Peter W. Higgs

(e) Malala Yousafzai

Q5. Name the public sector bank that has embarked upon an ambitious project of upgrading the bandwidth at all its branches to 2 Mbps in partnership with BSNL.

(a) South Indian Bank

(b) Canara Bank

(c) SBI

(d) UCO Bank

(e) IDFC Bank

Q6. National Payments Corporation of India (NPCI), the umbrella organization for all retail payment systems in the country, has disbursed ________ prize money to about 18 lakh winners under the NITI Aayog’s Lucky Draw schemes for consumers and merchants.

(a) Rs 245 crore

(b) Rs 230 crore

(c) Rs 225 crore

(d) Rs 220 crore

(e) Rs 215 crore

Q7. India has ranked ______ globally in total 136 countries in Travel and Tourism Competitiveness report 2017 by World Economic Forum.

(a) 35th

(b) 45th

(c) 25th

(d) 40th

(e) 48th

Q8. Indian boxer K Shyam Kumar won a gold medal in the 49- kilogram category at the Thailand International Tournament. What is the capital of Thailand?

(a) Muscat

(b) Pattaya

(c) Bangkok

(d) Chiang Rai

(e) Chiang Mai

Q9. India and Bangladesh have signed 22 agreements in strategic sectors like defence and civil nuclear cooperation during Bangladesh Prime Minister visit to India. Who is the President of Bangladesh?

(a) Sheikh Hasina

(b) Abdul Hamid

(c) Zillur Rahman

(d) Shahabuddin Ahmad

(e) Hussain Muhammad

Q10. In which of the following Indian cities the National Basketball Association (NBA) has recently announced the setting up of its first basketball school?

(a) Bengaluru

(b) New Delhi

(c) Kanpur

(d) Chennai

(e) Mumbai

Solutions

S1. Ans.(b)
Sol. Sports Minister Mr. Vijay Goel has approved the appointment of two top foreign athletics coaches, one each in race walking and 400m race. 2020 summer Olympics will be held in Tokyo, Japan.

S2. Ans.(d)
Sol. The 64th National Film Awards were announced in which the Directorate of Film Festivals presents its annual National Film Awards to honor the best films of 2016 in the Indian cinema.

S3. Ans.(c)
Sol. HDFC Bank announced its Unified Payments Interface (UPI) will also be available on Chillr, a multi-bank mobile payments app. Currently, UPI is available on HDFC Bank’s own mobile banking app.

S4. Ans.(e)
Sol. Malala Yousafzai, the youngest winner of the Nobel Peace Prize has become the youngest United Nations Messenger of Peace. The United Nations stated that the 19-year-old Pakistani education activist will be appointed by Secretary-General Antonio Guterres on April 10, 2017, and it will help to promote girl education around the world.

S5. Ans.(b)
Sol. Canara Bank, a public sector bank, has embarked upon an ambitious project of upgrading the bandwidth at all its branches to 2 Mbps in partnership with BSNL.

S6. Ans.(a)
Sol. National Payments Corporation of India (NPCI), the umbrella organization for all retail payment systems in the country, has disbursed over Rs. 245 crore worth of prize money to about 18 lakh winners under the NITI Aayog’s Lucky Draw schemes for consumers and merchants which are Lucky Grahak Yojna (LGY) and Digi-Dhan Vyapar Yojna (DVY).

S7. Ans.(d)
Sol. India has jumped 12 places to 40th rank globally in total 136 countries in Travel and Tourism Competitiveness report 2017 by World Economic Forum.

S8. Ans.(c)
Sol. Indian boxer K Shyam Kumar won a gold medal in the 49- kilogram category at the Thailand International Tournament. Bangkok is capital of Thailand

S9. Ans.(b)
Sol. India and Bangladesh have signed 22 agreements in strategic sectors like defense and civil nuclear cooperation during Bangladesh Prime Minister Sheikh Hasina's visit to India. Abdul Hamid is the President of Bangladesh.

S10. Ans.(e)

Sol. The National Basketball Association (NBA) announced the setting up of its first basketball school, a network of tuition-based basketball development programmes, in Mumbai.

Daily GK Update 21st April, 2017

11th Civil Services Day function held in New Delhi

i. The Union Home Minister Shri Rajnath Singh inaugurated the two-day 11th Civil Services Day program (20-21 April) in New Delhi.
ii. Civil Services Day is celebrated in India every year on 21st April. The function was organized by the Department of Administrative Reforms and Public Grievances (DARPG), Ministry of Personnel, Public Grievances, and Pensions.

Steel Minister Chaudhary Birender Singh inaugurated 'India Steel 2017' in Mumbai

i. The 3rd edition of International Conference and Exhibition on Steel Industry 'India Steel 2017' was held at Mumbai Exhibition center in Mumbai from 19th-21st April 2017.
ii. It was inaugurated by Union Steel Minister Chaudhary Birender Singh. First of its Kind exhibition-cum-conference was organized by Federation of Indian Chambers of Commerce and Industry (FICCO) along with Union Ministry of Steel.

Narendra Modi, Paytm’s Vijay Shekhar Sharma in Time’s ‘most influential people’ list

i. Prime Minister Narendra Modi and Paytm founder Vijay Shekhar Sharma were the only two Indians to make it to an annual list of ‘100 most influential people in the world’ 2017, released by the Time magazine.
ii. The list features pioneers, artists, titans, leaders and icons from around the world honored for “the power of their inventions, the scale of their ambitions, the genius of their solutions to problems that no one before them could solve.”

Tata Power inks pact for electricity distribution in Ajmer

i. Tata Power has signed an agreement with Ajmer Vidyut Vitran Nigam Ltd (AVVNL) for electricity distribution in Ajmer for 20 years.
ii. Tata Power has formed a Special Purpose Company (SPC), TP Ajmer Distribution Ltd. The SPC will be operating and maintaining the distribution network in the Ajmer city and would also be responsible for managing the billing and collections.

Sri Lanka to host the 14th Edition of United Nations International Day of Vesak 2017

i. The 14th Edition of United Nations International Day of Vesak 2017 will be hosted by Sri Lanka from 12-14 May 2017.
ii. Indian Prime Minister Narendra Modi will be the chief guest for UN Vesak Day. He will inaugurate UN Vesak Day in Colombo on May 12, 2017.
iii. Vesak Day is regarded by all Buddhist traditions as the anniversary of the birth of the Buddha.
iv. The theme of this edition is ‘Buddhist teachings for social justice and sustainable world peace’.

Italian mayor wins UNESCO Peace Prize

i. The United Nations Organization for Education, Science and Culture (UNESCO) has awarded its Peace Prize to Giuseppina Nicolini, the mayor of the Italian island of Lampedusa, for her commitment to saving the lives of migrants and refugees, media reported.

Reliance Industries Ltd. become most-valued Indian company

i. The Mukesh Ambani-led Reliance Industries Ltd. (RIL) regained its status as India’s most valued firm by market capitalization.
ii. RIL overtook Tata Group’s crown jewel TCS. TCS had replaced RIL as the most valued firm more than four years ago.

Mongolia launched its first satellite Mongol Sat-I

i. Mongolia launched its first satellite named Mongol Sat-I, part of its efforts to make use of new technology to diversify its resource-dependent economy.
ii. It is 1227 Megahertz satellite. The satellite was launched in partnership with Asia Broadcast Satellite (ABS). The Satellite helps with space research, map making and preparing for natural disaster.

Video gaming to be featured at 2022 Asian Games
i. Olympic Council of Asia (OCA) has announced Video gaming as full sports at the 2022 Asian Games which is scheduled to be held in Hangzhou, China from 10-25 September 2022.
ii. OCA has entered into the collaboration with Alisports, a unit of China's Alibaba Group.
iii. It will also be a demonstration sport at the 2018 Asian Games in Palembang, Indonesia.


Important Takeaways from above GK Update are as follows:

• Civil Services Day is celebrated in India every year on 21st April
• Shri Rajnath Singh inaugurated the two-day 11th Civil Services Day program in New Delhi
• First such function was held in Vigyan Bhawan, New Delhi on 21 April 2006
• 3rd edition of International Conference and Exhibition on Steel Industry 'India Steel 2017' was held in Mumbai
• It was inaugurated by Union Steel Minister Chaudhary Birender Singh
• It was organized by Federation of Indian Chambers of Commerce and Industry (FICCO)
• Narendra Modi and Paytm founder Vijay Shekhar Sharma were the only two Indians listed in ‘100 most influential people in the world’ 2017, by the Time magazine
• The profile of Modi was written by author Pankaj Mishra
• The profile of Vijay Shekhar Sharma was written by Infosys co-founder Nandan Nilekani
• Tata Power has signed an agreement for electricity distribution in Ajmer for 20 years
• Tata Power has formed a Special Purpose Company (SPC), TP Ajmer Distribution Ltd
• Anil Kumar Sardana is the CEO of Tata Power
• Sri Lanka will host the 14th Edition of United Nations International Day of Vesak 2017
• Indian Prime Minister Narendra Modi will be the chief guest for UN Vesak Day
• The theme of this edition is ‘Buddhist teachings for social justice and sustainable world peace’
• Vesak Day is also known as Buddha Poornima.
• The UNESCO has awarded its Peace Prize to Giuseppina Nicolini
• The United Nations Organization for Education, Science and Culture (UNESCO) was founded on 16 November 1945
• UNESCO has 195 Members and eight Associate Members
• IRINA BOKOVA is the Director-General of UNESCO
• UNESCO is Headquartered in Paris, France
• Reliance Industries Ltd. (RIL) become most-valued Indian company
• It has replaced Tata Consultancy Services (TCS)
• RIL is led by Mukesh Ambani
• Mongolia has launched its first satellite named Mongol Sat-I
• The satellite was launched in partnership with Asia Broadcast Satellite (ABS)
• Capital of Mongolia is Ulaanbaatar and its currency is Mongolian togrog
• Video gaming is full sports at the 2022 Asian Games
• 2022 Asian Games will be held in Hangzhou, China from 10-25 September
• The first Asian games was held in 1951 in New Delhi
• 2018 Asian games will be held in Jakarta and Palembang, Indonesia

QUIZ-21

Q1. The Reserve Bank of India has released the first Bi-monthly monetary policy of the new financial year (2017-18). The Reverse Repo Rate (RRR) under the Liquidity Adjustment Facility (LAF) has been hiked to ___________ from 5.75%.

(a) 6.25%

(b) 6.15%

(c) 6.10%

(d) 6.00%

(e) 5.95%

Q2. The FMCG industry has emerged as the highest paying industry in India with an average annual cost to company (CTC) of Rs. 11.3 lakh according to Randstad survey, 2017. What does 'C' stands for in FMCG?

(a) Customer

(b) Costume

(c) Consumer

(d) Custom

(e) Conference

Q3. World Health Day is celebrated on _____________ every year to mark the anniversary of the founding of the World Health Organization.

(a) 17 April

(b) 7 April

(c) 17 March

(d) 27 March

(e) 10 April

Q4. The Reserve Bank of India (RBI) has decided to slash clearance time for which one of the following nation-wide payment system in an attempt to enhance the efficiency of the electronic payment system and add to customer convenience?

(a) National Electronic Funds Transfer (NEFT)

(b) Real-time gross settlement systems (RTGS)

(c) Immediate Payment Service (IMPS)

(d) Airpay

(e) CCAvenue

Q5. Union Minister for Information and Broadcasting and Urban Development M Venkaiah Naidu will inaugurate a three-day National Children’s Film Festival in which of the following Indian States?

(a) Telangana

(b) Karnataka

(c) Bihar

(d) Andhra Pradesh

(e) Maharashtra

Q6. India has signed a mega defense deals worth over 2 billion dollars for advanced surface-to-air missile (SAM) systems to further tighten the bilateral strategic partnership with which one of the following countries?

(a) Bangladesh

(b) Israel

(c) Oman

(d) Russia

(e) France

Q7. P V Sindhu has recently jumped three places to achieve a career-best world number two ranking in the latest Badminton World Federation (BWF) rankings. Name the President of BWF.

(a) San Ki Baan

(b) TakehikoNakao

(c) Poul-Erik Hoyer

(d) Matthew Prior

(e) MackeyAraos

Q8. Sports Ministry of India has recently appointed Australian Dave Smith as the coach for _________.

(a) 400 Meter Relay

(b) 100 Meter Sprint

(c) Shot put

(d) Athletics

(e) Race walking

Q9. The theme of 2017 World Health Day is _____________.

(a) Towards a Healthier World

(b) Cancer: A long term Fight

(c) A Step Ahead Healthier World

(d) Depression: Let's Talk

(e) None of the given themes are true

Q10. The Reserve Bank of India has released the first Bi-monthly monetary policy of the new financial year (2017-18). The Marginal Standing Facility (MSF) rate is 6.50% now. What was the previous MSF rate?

(a) 6.25%

(b) 6.75%

(c) 6.00%

(d) 5.75%

(e) 6.85%

Q11. In the recently announced 64th National Film Awards, who has been declared as the Best Actor?

(a) Salman Khan

(b) Amitabh Bacchan

(c) Amir Khan

(d) Akshay Kumar

(e) Shahrukh Khan

Q12. Ratnakar Bank limited (RBL) Bank announced the opening of its Indian Financial System Code (IFSC) Banking Unit (IBU) at GIFT City. GIFT City is situated in which of the following Indian states?

(a) Karnataka

(b) Kerala

(c) Gujarat

(d) Punjab

(e) New Delhi

Q13. The amount invested in KisanVikasPatra (KVP) would get doubled in ______ months.

(a) 110

(b) 113

(c) 116

(d) 115

(e) 100

Q14. Name the person who has taken over as Director of Indian Institute of Management (IIM) Trichy, recently.

(a) Ashok Sehgal

(b) RamanujanRao

(c) P V Narasimhan

(d) K V Prabhakaran

(e) BhimarayaMetri

Q15. In the 64th National Film Awards which one of the following film was declared as the Best Hindi Film for 2016?

(a) Dangal

(b) Neerja

(c) BajrangiBhaijan

(d) Pink

(e) Rustam

 

Solutions

S1. Ans.(d)

Sol. The Reserve Bank of India has released the first Bi-monthly monetary policy of the new financial year (2017-18). The Reverse Repo Rate (RRR) under the Liquidity Adjustment Facility (LAF) has been hiked to 6% from 5.75%.

S2. Ans.(c)

Sol. The Fast-moving consumer goods (FMCG) industry has emerged as the highest paying industry in India with an average annual cost to company (CTC) of Rs. 11.3 lakh across all levels and functions according to Randstad survey, 2017.

S3. Ans.(b)

Sol. World Health Day is celebrated on 7th of April every year to mark the anniversary of the founding of the World Health Organization.

S4. Ans.(a)

Sol. The Reserve Bank of India (RBI) has decided to slash clearance time for National Electronic Funds Transfer (NEFT) in an attempt to enhance the efficiency of the electronic payment system and add to customer convenience.

S5. Ans.(d)

Sol. Union Minister for Information and Broadcasting and Urban Development M Venkaiah Naidu will inaugurate a three-day National Children’s Film Festival in Vishakhapatnam, Andhra Pradesh. It is the largest film festival for children in the country giving the audience quality and wholesome entertainment.

S6. Ans.(b)

Sol. India and Israel signed a mega defense deals worth over 2 billion dollars for advanced surface-to-air missile (SAM) systems, to further tighten the bilateral strategic partnership ahead of Prime Minister NarendraModi's visit to Israel in July.

S7. Ans.(c)

Sol. Rio Olympics silver medalist P V Sindhu jumped three places to achieve a career-best world number two ranking in the latest Badminton World Federation (BWF) rankings. Poul-Erik Høyer is the President of BWF.

S8. Ans.(e)

Sol. Sports Ministry of India has recently appointed Australian Dave Smith as the coach in Race Walking category.

S9. Ans.(d)

Sol. World Health Day is celebrated on 7th of April every year to mark the anniversary of the founding of the World Health Organization. The theme of 2017 World Health Day is 'Depression: Let's Talk'. 

S10. Ans.(b)

Sol. The Reserve Bank of India has released the first Bi-monthly monetary policy of the new financial year (2017-18). The Marginal Standing Facility (MSF) rate and the Bank Rate are at 6.50% decline from 6.75%.

S11. Ans.(d)

Sol. In the recently announced 64th National Film Awards, Akshay Kumar has been declared as the Best Actor for Rustam.

S12. Ans.(c)

Sol. Ratnakar Bank limited (RBL) Bank announced the opening of its Indian Financial System Code (IFSC) Banking Unit (IBU) at Gujarat International Finance Tec-City (GIFT City). GIFT City is situated in Gujarat.

S13. Ans.(b)

Sol. The amount invested in KisanVikasPatra (KVP) would get doubled in 113 months.

S14. Ans.(e)

Sol. BhimarayaMetri has taken over as Director of Indian Institute of Management (IIM) Trichy (IIM Tiruchirappalli). He succeeded PrafullaAgnihotri.

S15. Ans.(b)

Sol. In 64th National Film Awards Neerja was declared as the Best Hindi Film for 2016.

Daily GK Update 20th April, 2017

Madhya Pradesh government, DMRC inked pact to supply power from Rewa project

i. Madhya Pradesh government has signed a power purchase agreement (PPA) with the Delhi Metro Rail Corporation (DMRC) to supply 24 per cent of electricity generated from the Rewa ultra mega solar project to be set up in the state.
ii. The rest of the power will be supplied to the state.

World economy to grow at 3.5 per cent in 2017: IMF

i. The International Monetary Fund (IMF) projected a marginally higher than expected growth for the world economy at 3.5 per cent in 2017.
ii. IMF projected the world economy to grow at a pace of 3.5 percent in 2017, up from 3.1 percent in 2016, and 3.6 per cent in 2018.

China to host BRICS Film Festival in June, 2017

i. The 2017 BRICS Film Festival will be held in Chengdu, southwest China’s Sichuan Province from June 23 to 27, 2017.
ii. There will be 30 films from BRICS countries (Brazil, Russia, India, China and South Africa) screened during the festival.
iii. The first BRICS Film Festival was held in New Delhi, India, in September 2016. 

First Made in India industrial robot- BRABO

i. TAL Manufacturing Solutions, a wholly owned subsidiary of Tata Motors has launched India’s first industrial-articulated robot and it goes by the name “BRABO”.
ii. The robot is indigenously developed for Micro, Small and Medium Enterprises (MSME) in India. This is the first time that an industrial robot has been conceptualized, designed and manufactured in India.

RBI caps bank exposure to REITs, InvITs at 10%

i. The RBI permitted banks to invest up to 10% of the unit capital of a Real Estate Investment Trust (REITs) or Infrastructure Investment Trusts (InvITs).
ii. The banks’ exposure to REITs/InvITs will be within the overall ceiling of 20% of the net worth permitted for direct investments in shares, convertible bonds/ debentures, units of equity-oriented mutual funds and Venture Capital Funds (VCFs).

'One Part Woman' wins Sahitya Akademi Award for translation of Mathorubhagan

i. The English translation of writer Perumal Murugan’s novel Mathorubhagan (One Part Woman) has won the Sahitya Akademi’s award for translation in English 2016.
ii. The translation was done by Aniruddhan Vasudevan and the book was published by Penguin. 

Sagar Baheti, the first visually impaired Indian runner to complete Boston Marathon

i. Bangalore-based Sagar Baheti has become the first visually impaired Indian runner to complete the historic Boston Marathon, the world's oldest and the hardest marathon to qualify for.
ii. Baheti completed the approximately 42.16 km distance in just over four hours.

Important Takeaways from above GK Update are as follows:

• Madhya Pradesh government and DMRC inked pact to supply power (24% of Electricity) from Rewa project
• Shri Rajiv Gauba is the Chairman of DMRC
• Shivraj Singh Chouhan is the CM of MP and its Governor is Om Prakash Kohli (Additional charge)
• IMF has projected world economy to grow at 3.5% in 2017
• Projection in 2016 was 3.1%
• Created in 1945, the IMF is governed by and accountable to the 189 countries
• Managing Director of IMF is Christine Lagarde
• Maurice Obstfeld, economic counselor and director of IMF Research Department released the projection officially.
• BRICS Film Festival 2017 will be held in China
• BRICS countries includes Brazil, Russia, India, China and South Africa
• The first BRICS Film Festival was held in New Delhi, India
• BRICS summit will be held in September 2017 in China’s Xiamen city
• TAL Manufacturing Solutions is a wholly owned subsidiary of Tata Motors
• BRABO is the first Made in India industrial robot
• The robot is indigenously developed for MSME in India
• The RBI permitted banks to invest up to 10% of the unit capital of an REITs or InvITs
• RBI is headquartered in Mumbai and its Governor is Mr. Urjit Patel
• RBI has recently allowed banks to invest in REITs & InvITs
• The English translation of writer Perumal Murugan’s novel Mathorubhagan won the Sahitya Akademi’s award for translation in English
• The cash prize for the award is Rs 50,000
• Sagar Baheti becomes the first visually impaired Indian runner to complete Boston Marathon
• He completed the approximately 42.16 km distance in just over four hours
• Boston is a City in Massachusetts