05th May 2020 Daily GK Update: Important Daily GK For Bank Exam

Here is the daily GK update of 05th May 2020 covering the following news headlines: Saras, Arktika-M, Pulitzer Prize, Co-operative Bank, KYC.

Daily GK updates are incorporated with the important news that made the current affairs headlines for banking or other competitive exams. Daily GK Update is the complete bag of the important news that held all day long. One should have complete knowledge about the banking terms, current affairs news, etc. So, here is the GK update of 05th May 2020 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

National News

1. “The Saras Collection” launched on Government e-Marketplace portal

“The Saras Collection” has been launched on the Government e-Marketplace portal by the Union Minister for Rural Development and Panchayati Raj and Agriculture and Farmers’ Welfare, Narendra Singh Tomar. The new initiative has been launched with an objective to provide Self Help Groups in rural areas with market access to Central as well as State Government buyers.

International News

2. Russia plan to launch 1st satellite to monitor Arctic climate in 2020

Russia has planned to launch the 1st satellite named Arktika-M to monitor the Arctic climate and environment later this year. Arktika-M 1 spacecraft has been developed and is undergoing radio-electronic testing. This satellite is planned to launch at the end of 2020. The launch will take place on Soyuz -2,1b carrier rocket with frigate booster.

Important takeaways for all competitive exams:

  • Vladimir Putin is President of Russia.
  • Moscow is the capital city of Russia.
  • The Russian ruble is the currency Russia.

State News

3. HP govt to starts “Mukhya Mantri Shahari Rojgar Guarantee Yojna”

The cabinet of Himachal Pradesh decided to starts the “Mukhya Mantri Shahari Rojgar Guarantee Yojna”. In this Yojna, 120 days” assured employment will be provided to people living in urban areas. It is being launched to revive the coronavirus-hit economy of the state. Adequate training will be given to the people for their skill upgrade if required. The cabinet also decided to provide an assistance of Rs 2,000 to each of the 1 lakh workers registered under the Building and Other Construction Workers Board.

Important takeaways for all competitive exams:

  • Chief Minister of Himachal Pradesh: Jairam Thakur; Governor: Bandaru Dattatraya.

Awards News

4. Indian journalists wins Pulitzer Prize 2020 in feature photography

Indian journalists namely Dar Yasin, Mukhtar Khan and Channi Anand have been honoured with the 2020 Pulitzer Prize. These journalists have won the award in the field of feature photography. All the three journalists belongs to Associated Press. They have been awarded for the lockdown coverage.

 To read the complete list of winners: Click here

Banking News

5. RBI cancels licence of The CKP Co-operative Bank Ltd, Mumbai

The licence of The CKP Co-operative Bank Ltd., Mumbai to carry on banking business has been cancelled by the Reserve Bank of India (RBI) with effect from the close of business on April 30, 2020. RBI has also approached the Registrar of Co-operative Societies, Pune, to issue an order for winding up the affairs of the bank and to appoint a liquidator for the bank.

Important takeaways for all competitive exams:

  • RBI 25th Governor: Shaktikanta Das; Headquarters: Mumbai; Founded: 1 April 1935, Kolkata.

6. Ameyo rolls out video KYC engagement platform for Banking sector

A customer engagement technology provider, Ameyo has launched video KYC engagement platform for the banking and finance sector. The newly launched platform will eliminate the businesses’ requirement of physical KYC in accordance with latest RBI guidelines issued in January 2020. It is expected to decrease the customer onboarding process from the present 5-7 days to less than 3 minutes.

Important takeaways for all competitive exams:

  • Chief Executive Officer of Ameyo: Bishal Lachhiramka.

Summits and Conferences

7. Prime Minister takes part in online Summit of NAM Contact Group

Indian Prime Minister Narendra Modi took part in the online Summit of Non Aligned Movement (NAM) Contact Group. The summit was held with an objective to discuss response to the ongoing COVID-19 pandemic crisis as well as to promote international solidarity in the fight against the COVID-19 pandemic. The summit was hosted by the current Chairman of NAM, President of Republic of Azerbaijan HE Ilham Aliyev, with the theme “United against COVID-19”.

Sports News

8. Egypt’s tennis player Youssef Hossam gets life time ban from TIU

The Tennis Integrity Unit has banned the Egypt’s tennis player Youssef Hossam from professional tennis for life. He has been banned from the game following his conviction on multiple match fixing and associated corruption charges.

9. FINA postpones 2021 world championships to May 2022

Swimming world governing body, Federation Internationale de Natation(FINA) rescheduled the 2021 Fukuoka aquatics world championships to May 2022 to avoid a clash with the postponed Tokyo Olympics. The new dates for the aquatics world championship in the Japanese city are May 13-29, 2022.

Important takeaways for all competitive exams:

  • President of FINA: Julio C. Maglione
  • Founded of FINA: July 29, 1908
  • Headquarters of FINA: Lausanne, Switzerland

10. Sandeep Kumari banned for 4 years for failing dope test

World Anti-Doping Agency (WADA) has banned Indian discus thrower Sandeep Kumari for 4 years after failing a drug test. National Dope Test Laboratory (NDTL) had failed to detect the banned substance “steroid” which was present in her blood sample. This blood sample is collected by NDTL officials during the Inter-State Championships in June 2018, in Guwahati, Assam where Kumari had won the gold with a throw of 58.41 meters in the competition.

Important takeaways for all competitive exams:

  • Headquarters of WADA: Montreal, Canada.
  • President of WADA: Witold Bańka.

Important Days 

11. International Day of the Midwife: 5 May

International Day of the Midwife is observed globally on 5 May every year since 1992. This day is celebrated to recognise the work of midwives and raise awareness about the status of midwives for the essential care they provide to mothers and their newborns. The theme for 2020 International Day of the Midwife is Midwives with women: celebrate, demonstrate, mobilise, unite – our time is NOW!.

Important takeaways for all competitive exams:

  • Director-General of the World Health Organization: Tedros Adhanom.
  • Headquarters of WHO: Geneva, Switzerland.

12. World Hand Hygiene Day observed globally on 5 May

The World Health Organization (WHO) has marked 5 May as World Hand Hygiene Day. This day is recognising the role clean and safe hands play in warding off many serious infections. It is also known as Hand Hygiene Day.

Important takeaways for all competitive exams:

  • Director-General of the World Health Organization: Tedros Adhanom.
  • Headquarters of WHO: Geneva, Switzerland.

13. World Asthma Day 2020 observed globally on 5 May

World Asthma Day is observed every year on the 1st Tuesday of May. This year, World Asthma Day is observed on May 5, 2020. The day spread awareness about asthma disease and care around the world.  Whilst the primary focus is supporting the person with asthma, support may also extend to family, friends and caregivers. The theme for 2020 is ‘Enough Asthma Deaths’.

Books and Authors

14. Dr Harsh Vardhan launches multimedia guide ‘COVID Katha’

Union Health Minister Dr Harsh Vardhan has launched a multimedia guide on the Covid-19 disease named ‘COVID Katha’. The guide is launched on the occasion of the 50th DST (Department of Science and Technology) Foundation Day.

Important takeaways for all competitive exams:

  • The Department of Science and Technology (DST) is a department within the Ministry of Science and Technology in India.
  • DST Founded: May 1971.
  • DST Headquarters: New Delhi.


15. FB partners with Bollywood to ‘I FOR INDIA’ concert

Facebook has launched a home-to-home fundraiser concert, ‘I For India’. Facebook has collaborated with some of the biggest stars in India and Bollywood for this. The concert featured starts like A R Rahman, Aamir Khan, Aishwarya Rai Bachchan, Akshay Kumar, Alia Bhatt, Javed Akhtar, Anushka Sharma, Katrina Kaif, Nick Jonas, Priyanka Chopra, Lilly Singh, Virat Kohli, Ustad Zakhir Hussain.

Important takeaways for all competitive exams:

  • Chief Executive Officer of Facebook: Mark Zuckerberg.
  • Facebook Headquarters: California, US.

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