Daily GK Update : 5th August 2016

National & International Appointment

1. Vijay Rupani to be new Chief Minister of Gujarat

• BJP state President Vijay Rupani (60-year) has been named the new Chief Minister of Gujarat after a meeting of the BJP legislators at State Party headquarter "Shree Kamalam" Gandhinagar.
• Nitin Patel will be the deputy chief minister.
• Rupani was the minister for transport, water supply, labor and employment in Anandiben's cabinet.
• He was elected an MLA for the first time in 2014, winning the Rajkot West seat vacated by Vajubhai Vala, who went on to become Karnataka Goveror.

Note:- 

• Vijay Rupani was born on 2 August 1956 to Ramniklal Rupani in a Jain Bania family.
• He holds a Bachelor of Arts and LLB degree.

2. Nita Ambani elected as the first Indian woman member of IOC

• Chairperson and founder of Reliance Foundation, Nita Ambani (52-year) has been elected as an individual member of International Olympic Committee(IOC).
• She became the first Indian woman to join the prestigious body which governs Olympic sports in the world.
• She had been nominated for the same in June by the IOC Executive Board and was elected by IOC members in Rio de Janeiro at International Olympic Committee Session.
• Nita is the only current active individual member of the IOC from India.
• She will serve until she attains the age of 70 year.

Banking & Finance

3. Corporation Bank launches group insurance scheme for borrowers

• Managing Director and Chief Executive Officer of Corporation Bank Jai Kumar Garg has launched "group credit life insurance scheme" of  Life Insurance Corporation of India (LIC) in Mangaluru. 
• The scheme has been made available initially at all the branches of Mangaluru Zone which would later be extended to all branches.
• The Scheme is available to bank's customers in the age group of 18 to 60 year who have taken term loans.
• It is a single premium group term insurance plan offering insurance cover to the loan availed by the customer, in the event of unfortunate death of the borrower.

4. IBJA announces awards for Indian medal winners at Rio 2016 Olympics

• India Bullion and Jewellers Association (IBJA) has announced  Sovereign Gold Bonds and silver to the Indian medal winners at the Rio 2016 Olympics.
• According to IBJA, Sovereign Gold Bonds of 500 gms will be awarded to the Gold Medal winners and 1 kg silver will be awarded to Silver Medal winners.
• India is scheduled to compete at the 2016 Summer Olympics from 5th to 21th August 2016.
• India Bullion and Jewellers Association Ltd. (IBJA) was established in 1919.

Obituaries

5. Assamese Litterateur Mahim Bora passes away

• Assamese litterateur Padma Shri Mahim Bora (92-year) has passed away due to old age problems.
• He had received the Sahitya Akademi award for his most popular work ‘Edhani Mahir Hanhi’ in 2001 and the Assam Valley Literary award in 1998.

Sports

6. IOC approves five new sports for Olympic Games Tokyo 2020

• The International Olympic Committee (IOC) has agreed to add Baseball-Softball, Karate, Skateboard, Climbing Sports and surfing in the 2020 Tokyo Olympics.
• This decision was taken by the 129th IOC session at Rio de Janeiro.
• The additional sports in Tokyo will not impact the athlete or event quotas of existing Olympic sports or be binding on future host cities.
• The new sports will add 18 events and 474 athletes to the program.

Note:-

• The Tokyo Games will now feature 33 sports and about 11,000 athletes, compared to the usual number of 28 sports and 10,500 athletes.

7. IOC approves 271 Russian athletes to compete in Rio Games

• The International Olympic Committee (IOC) has approved 271 Russian athletes to compete in the Rio Games.
• 118 Russians are still barred from competition, thus the Russians will field their smallest Olympic team since 1912.
• There will be no Russian track and field, rowing or weightlifting teams this year.

8. Rangana Herath takes maiden Test hat-trick against Australia

• Today, Rangana Herath claimed his maiden test hat-trick to consign Australia to their lowest total against Sri Lanka on the second test.
• A total of 11 wickets fell in the dramatic morning session and Australia were bundled for 106 runs in their first innings.
• Herath becomes only the second Sri Lankan cricketer to claim a test hat-trick after seamer Nuwan Zoysa.

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