One Liner GK Current Affairs- 1st September 2018

Daily Current Affairs & GK Update 1st September 2018

In the Current Affairs & GK Update of 1st September 2018 we cover  all important National,International,Financial,Sports news, nominations, agreements which are relevant for upcoming SBI PO,SBI Clerk,SSC,IBPS RRB exams.We at Achieversrule regularly provide One Liner Current Affairs and GK Updates to keep our candidates prepared for Current Affairs section of Banking,Insurance exams and current affairs exam.

National:

• Prime Minister Narendra Modi today launched the India Post Payments Bank or IPPB -- the largest payments bank in the country by network size. 
• Minister of State, (IC), for AYUSH Shri Shripad Yesso Naik will inaugurate the Fourth International Ayurveda Congress (IAvC) at Netherlands.A special Seminar is also organized by the Indian Embassy titled “India-Netherlands collaboration in Healthcare, including Ayurveda” on 3rd September 2018.

International:

• The 4th BIMSTEC Summit has been successfully concluded in Kathmandu, the capital of Nepal.The Prime Minister of Nepal K.P. Sharma Oli presented draft Kathmandu declaration which was unanimously adopted by the all member states.

Financial news:

• Home, auto and other loans would become slightly costlier as the country’s largest lender State Bank of India, today, increased its benchmark lending rates by 0.2 percent.SBI has increased the lending rate by 20 basis points across all tenors up to three years.Now SBI's overnight and one-month tenor marginal cost of funds based lending rate (MCLR)stands at 8.1% as against 7.9%.
• Indian economy grew by 8.2 per cent in the first quarter of the current fiscal, the highest in over two years.The Finance Ministry has exuded confidence that the economy could exceed estimated 7.5 per cent growth in the current fiscal.

Appointments:

• Binoy Kumar, IAS has taken over as Secretary, Ministry of Steel, Government of India.

Sports:

• India's 22 year old boxer Amit Panghal defeated 2016 Olympics Champion Hasanboy Dusmatov in the men's 49Kg final to bag gold at the Asian Games 2018.

Obituary:

• Revered Digambar Jain monk, Muni Tarun Sagar passed away after a prolonged fight with jaundice. He was aged 51 years and had stopped taking medication, instead opting for Santhara - a Jain ritual of fasting to death.

STATIC GK NOTE DOWN POINTS

• A payments bank operates on a small scale; it carries out most banking operations but cannot give loans or issue credit cards directly.
• Managing Director and CEO of IPPB:Suresh Kumar Sethi.
• Jain Muni Tarun Sagar passed away at the age of 'Kadve Pravachan'.
• Chairman of SBI:Rajnish Kumar.
• Headquarter of SBI :Mumbai.
• SBI established on :1st July 1955.
• Host cities of Asian Games 2018:Jakarta and Palembang,Indonesia.
• Mascots of the 2018 Asian Games: Bhin Bhin, Kaka and Atung.
• Capital of Netherlands: Amsterdam.
• Currency of Netherland: Euro and USD.
• Economic affairs Secretary: S C Garg.
• Union Finance Minister:Arun Jaitley.
• SriLanka has become the new chair of BIMSTEC.The Nepalese Prime Minister K. P. Sharma Oli handed over the chairmanship of BIMSTEC to the President of Sri Lanka Maithripala Sirisena.