Daily GK Update 12 May 2017

National News

PM Modi visits Sri Lanka
During his two-day visit, he will participate in the 14th International Vesak Day celebrations, the biggest festival of Buddhists, inaugurate a hospital built with Indian assistance and address the Indian-origin Tamil community, besides attending some other programs.

  • President of Sri Lanka is Maithripala Sirisena and Prime Minister is Ranil Wickremesinghe.
  • The capital of Sri Lanka is Sri Jayawardenepura Kotte. This is the administrative capital where most of the administrative institutions exist including Parliament of Sri Lanka.
  • The 14th United Nations Day of Vesak is celebrated from 12th May to 14th May in Sri Lanka

Union Agriculture and Farmers Welfare Minister launch e-Krishi Samvad
Shri Radha Mohan Singh
, Union Minister for Agriculture and Farmers Welfare launched e-Krishi Samvad an online interface at Krishi Bhawan in New Delhi.
ii. It is an internet-based interface and is a unique platform that will provide direct and effective solutions to the problems faced by farmers and stakeholders in the agriculture sector.

International News

Nitin Gadkari launches NHAI’s Masala Bond in UK
Union Minister of Road Transport and Highways Nitin Gadkari launched the National Highways Authority of India (NHAI) Masala Bond at the London Stock Exchange, UK.
ii. The initially benchmarked issue of Rs. 1,500 crore was upsized to Rs. 3,000 crore at a price yielding 7.30 percent annually in view of the highly positive response from the investor market.
iii. The transaction marks the largest ever in the five-year issuance and the largest inaugural transaction in Masala Bond market.

  • Capital of UK is London and its currency is Pound Sterling
  • Theresa May is the PM of UK.

India to replace Maitri station in Antarctica, expand research activity
India has decided to replace the Maitri research station in Antarctica with a new one in the next three to four years.
ii. The country is also drafting laws to safeguard its interest in Antarctica and is poised to expand its research activity in the coldest continent with the special ice-cutting facility will be procured for the purpose

Banking & Economic

LIC Housing Finance launches new home loan product
LIC Housing Finance
 launched a new product `Griha Siddhi’ which will offer loans for construction, purchase of the house or flat and repairs or renovation to the existing properties.
ii. Under the new product, borrowers will be offered the interest rate of 8.40% up to Rs 25 lakh and for loans up to Rs 1 crore the interest rate will be 8.50% per annum. For women borrowers, the mortgage lender is offering a special interest rate of 8.35% for loans up to Rs 25 lakh.

  • Chairman of LIC is Vijay Kumar Sharma

Bengaluru ranked 20th in world’s most affordable tech city Index
i. Bengaluru
 has been named the world’s most affordable tech city in the new Savills Tech Cities Index 2017. The Indian technology hub is the most affordable out of 22 cities that were graded on different parameters.
ii. Overall, Bengaluru ranks 20th among tech cities in the world while Austin topped the list, followed by San Francisco and New York. But when it comes to the cost of living index, Bengaluru tops the charts with a weekly residential rent for tech employees and household.


Justice Mukul Mudgal elected head of FIFA Governance Committee
i. Justice (Retd.) Mukul Mudgal was elected as head of International Federation of Association Football (FIFA’s) governance committee at the world football governing body’s 67th Congress in Bahrain’s capital city of Manama.

  • FIFA president is Gianni Infantino.
  • 2018 FIFA World Cup to be held in Russia
  • 2017 FIFA U-17 World Cup will be hosted by India

Chanda Kochhar receives Woodrow Wilson Award
chief Chanda Kochhar has become the first Indian woman to be conferred with the prestigious Woodrow Wilson Award for Global Corporate Citizenship.
ii. She received the annual award which was instituted in 1998 by the prestigious Wilson Center to felicitate individuals whose actions and accomplishments either in their careers or through service.

  • ICICI Bank headquarter is in Mumbai.

Daily GK Update 13-May

Daily GK Update 11-May

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