17th June 2020 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

Here is the daily GK update of 17th June 2020 covering the following news headlines: Raja Parba, PM CARES fund, IBBI, KVIC, MGNREGA, Karmabhumi.

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 17th June 2020 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

National News

1. Trustees of PM CARES fund appoints SARC & Associates as its auditor

New Delhi based Chartered Accountants, SARC & Associates has been appointed by the Trustees of the Prime Minister’s Citizens Assistance and Relief in Emergency Situations fund as its auditors for the next 3-years. The SARC & Associates is headed by Sunil Kumar Gupta who is also the auditor of the PM’s National Relief Fund appointed in 2019. The fund is administered on an honorary basis by the joint secretary of administration in the Prime Minister’s Office(PMO) and assisted by an officer in a director or deputy secretary rank in the PMO.

International News

2. PM of Kyrgyzstan Mukhammedkalyi Abylgaziev resigns from post

Prime Minister of Kyrgyzstan, Mukhammedkalyi Abylgaziev has resigned from the post, citing an ongoing criminal investigation into the assignment of national radio frequencies. The Kyrgyz parliament raised the issue of the offer of radio frequencies, which was trailed by various representatives requesting Abylgaziev demonstrate his honesty against charges of debasement.

Important takeaways for all competitive exams:

  • Capital of Kyrgyzstan: Bishkek.
  • The currency of Kyrgyzstan: Kyrgyzstani som.

State News

3. KVIC launches project to produce Neera and Palmgur

A unique project to produce Neera and Palmgur has been rolled out by the Khadi and Village Industries Commission (KVIC) in Palghar district of Maharashtra to promote Neera as a substitute to soft drinks along with generating self-employment opportunities for Adivasis as well as traditional trappers. As a part of project, KVIC distributed tool kits to local artisans for extraction of Neera and making palmgur. Neera is a nutrient-rich health drink consumed in many Indian states, and is extracted from the palm trees before sunrise.

Important takeaways for all competitive exams:

  • Chairman of Khadi and Village Industries Commission: Vinai Saxena.
  • Chief Minister of Maharashtra: Uddhav Thackeray; Governor: Bhagat Singh Koshyari.

4. West Bengal government launches a job portal “Karmabhumi”

A job portal ‘KarmaBhumi’ has been launched by the West Bengal government for IT professionals who have returned to the state amid the COVID-19 pandemic. IT professionals can use the portal to connect with companies based in the state. It will act as a medium between the professionals and IT companies in Bengal.

Important takeaways for all competitive exams:

  • Chief Minister of West Bengal: Mamata Banerjee; Governor: Jagdeep Dhankhar.

5. UP becomes top state in providing employment under MGNREGA

Uttar Pradesh has become the top state in India to provide employment to the workers under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGA).  According to the data released, 57 lakh 12975 workers got employment in around 57 thousand village panchayats of the state. UP government has generated 7.93 crore man-days and is committed provide jobs to 10 lakh more workers.

Important takeaways for all competitive exams:

  • Chief Minister of Uttar Pradesh: Yogi Aditya Nath; Governor: Anandiben Patel.

6. New fish species discovered in Arunachal Pradesh

A new fish species named as “Schizothorax sikusirumensis” has been discovered in Arunachal Pradesh. It was discovered by Dr. Keshav Kumar Jha. who is an Associate Professor & Head of Department of Zoology, Jawaharlal Nehru College, Pasighat. He discovered a new fish species from genus Schizothorax. The Fish species was discovered near Gakang area under Mebo circle of East Siang District, at the confluence of River Siku and Sirum.

Important takeaways for all competitive exams:

  • Chief Minister of Arunachal Pradesh: Pema Khandu; Governor: B.D. Mishra.

7. Raja Parba festival celebrated in Odisha

Raja Parba festival celebrated in Odisha. It is a 3-days unique festival in which the onset of monsoon and the earth’s womanhood is celebrated by the state. It is believed that during this time the Mother Earth or Bhudevi undergoes menstruation. The fourth day is the day of the ‘purification bath’. During the celebration, people of Odisha suspends all agricultural works such as ploughing, sowing for three days as a mark of respect towards the earth during her menstruation days.

Important takeaways for all competitive exams:

  • Chief Minister of Odisha: Naveen Patnaik; Governor: Ganeshi Lal.

Business News

8. Acquisition by MacRitchie in API, Ascent & 91Streets approved by CCI

Acquisition by MacRitchie Investments Pte. Ltd. (MacRitchie) in Ascent Health and Wellness Solutions Private Limited (Ascent), API Holdings Private Limited (API) & 91Streets Media Technologies Private Limited (91Streets) has received the approval from the Competition Commission of India (CCI). The acquisition by MacRitchie in three companies will be executed under Section 31(1) of the Competition Act, 2002.

Schemes & Committees

9. IBBI Board reconstitutes Advisory Committee on Corporate Insolvency Resolution & Liquidation

The Board of Insolvency and Bankruptcy Board of India has reconstituted the Advisory Committee on Corporate Insolvency Resolution & Liquidation. The committee will be chaired by Uday Kotak while Methil Unnikrishnan has been designated as the secretary to the Advisory Committee. The Advisory Committee comprises of 14 members including the Chairman.

Sports News

10. Sports Ministry to set up “Khelo India State Centres of Excellence”

Under its flagship programme “Khelo India Scheme”, the Sports Ministry is going to establish Khelo India State Centres of Excellence (KISCE) to create a robust sporting ecosystem in the entire country, as well as to strengthen India’s pursuit for excellence in Olympics, one KISCE will be identified in each state and unionterritory (UT). In the first phase of setting up KISCE, sports ministry has identified state-owned sports facilities in eight states of India. To upgrade the existing state-owned sports facilities in the above states into KISCE, ‘Viability Gap Funding’ would be extended by the government in sports science and technology support for sports disciplines practiced at the centre.

Important takeaways for all competitive exams:

  • Union Minister of Youth Affairs and Sports: Kiren Rijiju.

11. Mamedyarov wins Sharjah Online International Chess Championship

Grandmaster Shakhriyar Mamedyarov of Azerbaijan has won the World Stars Sharjah Online International Chess Championship. He won the coveted title and price of $3000 after scoring 7.5 points from 10 rounds. Indian Grandmaster Pentala Harikrishna finished second in the Championship after scoring 6.5 points from 10 rounds. Sharjah Online International Chess Championship was hosted by the Sharjah Cultural & Chess Club.

Awards & Rewards

12. Deccan Development Society wins Prince Albert II of Monaco Foundation Award

Hyderabad-based Deccan Development Society has won the Prince Albert II of Monaco Foundation Award. The society has been honoured for its help in promoting biodiversity and support farming in degraded lands. The honour was declared by the Prince Albert II of Monaco Foundation Vice President and CEO, Olivier Wenden.

Important takeaways for all competitive exams:

  • Director of Deccan Development Society PV Satheesh.
  • Headquarters of Deccan Development Society: Hyderabad, Telangana.

Important Days

13. World Day to Combat Desertification and Drought: 17th June

World Day to Combat Desertification and Drought is observed on 17th June every year to spread awareness among people about the cooperation required to combat desertification and the effects of drought. It is an unique occasion to remind everybody that desertification is often effectively tackled, that solutions are possible, which key tools to the present aim lay in strengthened community participation and co-operation in the least levels. The theme of World Day to Combat Desertification and Drought 2020: Food. Feed.Fibre. – the links between consumption and land.

Important takeaways for all competitive exams:

  • Union Minister of Environment, Forest and Climate Change: Prakash Javadekar.


14. Maha Vir Chakra Awardee Lt Gen Raj Mohan Vohra passes away

Maha Vir Chakra awardee Lt Gen (retd) Raj Mohan Vohra passed away due to COVID-19. He was a 1971 war hero. Lt Gen Vohra had received the coveted award in 1972.

15. Freedom fighter & veteran journalist Dinu Randive passes away

Freedom fighter & Veteran journalist Dinu Ranadive passed away. He was born in 1925 at a tribal hamlet at Dahanu near Mumbai and started his journalistic career in 1956. He was recently conferred with Mumbai Press Club’s Red Ink award for Lifetime Achievement.

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