IDangal247 presents the Daily GK Update for 14th August 2019. The blog is based on important General Awareness Questions. General Awareness is a very useful topic for Banking, SSC, and other Competitive Exams. As you know It plays an important role in scoring well above cut off marks. You need to prepare well this section to score good marks, so practice it with selective general awareness. General Awareness comprises of three further topics i.e. Current Affairs, Banking Awareness, and Static Awareness. And you can try our Daily Current Affairs Quiz Test to enhance your General Awareness section.

RBI launched regulatory sandbox for Fintech companies

The Reserve Bank of India issued the final framework for regulatory sandbox (RS) for the startups, banks and financial institutions.

The Fintech companies can now set up their own RS for live testing of innovative products in areas like retail payments, digital KYC and wealth management.

The framework aims to enable innovations in the financial technology space. It will also foster resposible innovation in financial services, promote efficiency and bring benefit to consumers.

About RBI

Founded - 1st April 1935

Headquarters - Mumbai

Governor - Shaktikanta Das (25th)

After SBI, BoB links home loan product to RBI's repo rate

Public Sector Bank, Bank of Baroda (BoB) has linked its home loan product to Reserve Bank of India's (RBI) repo rate after State Bank of India (SBI).

BoB customers opting for the home loan product would have a choice between MCLR-linked rate-indexed to the bank's cost of funds or a rate linked to RBI's repo rate.

with this, home loans at BoB will be available at repo rate linked interest rate starting at 8.35%, thus passing on the further benefit of 10 basis points to the present MCLR (Marginal Cost of Funds based lending Rate) rated pricing.

Presently, the MCLR (Marginal Cost of Funds based lending Rate) linked home loan product is available starting at 8.45%, which had come into effect on 7th August 2019 after the MCLR was reduced by 15 basis points.

About Bank of Baroda

Tagline - India's International Bank

Headquarters - Vadodara, Gujarat

Chairman - Hasmukh Adhia

About State Bank of India

Headquarters - Mumbai

Chairman - Rajnish Kumar

RPF launched Operation "Number Plate"

Railway Protection Force (RPF) of Indian Railways has launched Operation "Number Plate" a Special Drive to curb unidentified vehicles.

The operation was launched under the direction of DG/RPF, Arun Kumar.

Under Operation "Number Plate" the force will identify and verify all vehicles parked in Railway premises, circulating area, parkings and even in the 'No Parking' areas for longer duration.

MoHUA launched Swachh Survekshan 2020

Ministry of Housing and Urban Affairs (MoHUA) has launched the Swachh Survekshan 2020.

It is the fifth edition of the annual cleanliness survey.

The scheme was launched by Shri Hardeep Singh Puri, the Minister of HOusing & Urban Affairs.

The government has launched Swachh Survekshan League 2020 with the objective of sustaining the on-ground performance of cities along with continuous monitoring of service level performance on cleanliness.

Justice Madan B Lokur sworn in as Judge of the supreme court of Fiji

Former Supreme Court Judge Justice Madan B Lokur was sworn in as the judge of the non-resident panel of the Supreme Court of Fiji.

This is the first time an Indian judge is getting appointed as the judge of the apex court of another country.

The oath was administered by the Fiji President Jioji Komrote.

Justice LOkur, who demitted office as a Supreme Court justice on 31, 2018, has been appointed in the new role for a period  of three years.

About Fiji

Capital - Suva

Currency - Fijian dollar

Aishwarya Pissay becomes first Indian to claim a world title in motorsports

Aishwarya Pissay has become the first Indian to claim a world title in motorports in the women's category in the FIM World Cup 2019 held at Varpalota in Hungary.

The 23-year old from Bengaluru also finished second in the FIM Junior category. She won the first round in DUbai and was placed third in Portugal, fifth in Spain and fourth in Hungary in the sbsequent outigs, finished with a tally of 65 points, just four ahead of Portugal's Rita Vieira in the final overall standings for women.

Priyam Chatterjee becomes first Indian chef to be awarded the "Chevalier de I" Ordre du Merite Agricoleto" by the govt of france

The government of France conferred the Indian Chef Priyam Chatterjee with 'Chevalier de I'Ordre du Mrite Agricoleto' (Order of Agricultural Merit) in New Delhi.

With this distinction, Chatterjee becomes the 1st Indian from Kolkata (West Bengal) to be awarded the this honour, in recognition of his great contribution towards reiventing the gastronomic scene in India.

About France

Capital - Peris

Currency - Euro

President - Emmanuel Macron

IIT-Delhi students design the world's first self-standing crutch

The alumni from the IIT-Delhi have created the world's first automotive crutches which have the capacity to stand on their own.

The product has been developed by a startup called Flexmotiv, started by IIT Delhi students Arvind S.A, Adepu Srinivas and Girish Yadav, with assistance from AIIMS Delhi.

The device is designed in a way that it improves the surface adaptability thus reducing the jarring forces from 5 to 10 percent while walking and improves the user performance by 10 to 20 percent.

Organ Donation Day: 13th August

Organ Donation Day is observed every year on 13th August to motivate people to donate their healthy and precious organs after death to save lives.

The main aim is to eliminate the myths and fears people have in their minds about organ donation.

Union Ministry of Health & Family Welfare launched 6th World and 1st ever Indian Organ Donation Day and Organ Donation Congress in 2010 in New Delhi.