1st May 2020 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

Read the daily GK update of 1st May 2020. In today's GK Update we are covering the following news headlines: YASH, MGNREGA, Google Pay India, Nikkei Asia Prize and many more. Read the daily GK update for upcoming competitive exams in 2020.

Here is the daily GK update of 1st May 2020 covering the following news headlines: YASH, MGNREGA, Google Pay India, Nikkei Asia Prize.

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 1st May 2020 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

About Course:

"Did you Know? In this pack you will get All new content we launch in the next 1 months"

This is the most recommended and NRA-CET ready Pack!
Use Code 'DREAM' to avail at the best price today

This package Includes IBPS PO Study Material -  Subscribe Now

About Bank Mahapack
If you are preparing for more than 1 Banking & Insurance exams then this is the pack we recommend you buy.

It is most cost-effective and you get access to 100% digital content for Bank & Insurance exams on Adda247.

Banking & Insurance Exams Covered in this Pack

Additionally, you can crack any private bank job exam with content in this pack.


Bank & Insurance Mahapack Highlights 

  • Structured course content
  • Recorded classes available if you miss any live class
  • Previous Years’ Papers of all upcoming exams.
  • Full Length Mocks based on the latest pattern with detailed solutions (video solutions for certain topics)
  • Topic level knowledge tests
  • Strategy sessions, time management & Preparation tips from the experts


Validity: 1 Month

Bank Maha Pack
  1. Unlimited Live Classes & Recorded Video Courses
  2. Unlimited Tests and eBooks
  3. 1 Lakh+ Selections
  1. 15 Months
  2. 9 Months
  3. 3 Months
  4. 27 Months
  5. 1 Month
8899 593/month

National News

1. MoC launches PMU for timely operationalisation of coal mines

A Project Monitoring Unit (PMU) has been launched by the Ministry of Coal (MoC). The Project Monitoring Unit aims to facilitate early operationalisation of coal mines which have been allocated by the Central Government. It will help the Coal mines allocatees in attaining various clearances required from the Central/State government authorities in order to operationalise the mines and hence, will promote Ease of Doing Business in the coal industry.

Important takeaways for all competitive exams:

  • Union Minister for Coal: Pralhad Joshi.

2. NCSTC & DST launches “YASH” to fight against COVID-19

National Council for Science & Technology Communication (NCSTC) and Department of Science & Technology (DST) has launched a programme on health and risk communication ‘Year of Awareness on Science & Health (YASH)’ with focus on COVID-19. It is a comprehensive science and health communication initiative to promote grass-root level response on health.

Important takeaways for all competitive exams:

  • Union Minister of Science and Technology: Harsh Vardhan.

States News

3. Chhattisgarh gives maximum jobs under MGNREGA amid lockdown

Chhattisgarh has topped the list of states in terms of providing jobs under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) amid the nationwide lockdown due to COVID-19 pandemic.

Important takeaways for all competitive exams:

  • Union Minister for Rural Development: Narendra Singh Tomar.
  • Chief Minister of Chhattisgarh: Bhupesh Baghel; Governor: Anusuiya Uikey.


4. Shikha Sharma appointed as advisor of Google Pay India

Former Axis Bank CEO, Shikha Sharma named advisor to Google Pay India. Google Pay is one of the leading apps on Unified Payments Payments Interface (UPI), battling with the likes of Amazon Pay, Paytm, etc.

Important takeaways for all competitive exams:

  • Sundar Pichai is the Present CEO of Google.
  • Alphabet Inc. is the Parent company of Google.


5. IIT Madras Professor T Pradeep selected for Nikkei Asia Prize 2020

An IIT Madras Professor Thalappil Pradeep has been selected for the Nikkei Asia Prize 2020. Professor Thalappil Pradeep will be conferred with the Nikkei Asia Prize 2020 in the category of ‘Science and Technology’. He would be honoured with the prize for his pioneering work in nanotechnology-based water purification. Complete list of winners of the prize is as follows:

  • Science and Technology: Professor Thalappil Pradeep (India)
  • Culture and Community: Ram Prasad Kadel (Nepal)
  • Economic and Business Innovation: Anthony Tan (Malaysia) & Tan Hooi Ling (Malaysia)

6. Thangjam Dhabali Singh conferred ‘Order of Rising Sun’ by Japan

Manipuri doctor, Thangjam Dhabali Singh conferred ‘Order of Rising Sun’ by Japan government. This award is given for him to promoting a better understanding of Japan in India and deepening ties between the two countries.

Important takeaways for all competitive exams:

  • Capital of Japan: Tokyo.
  • Currency of Japan: yen.
  • Prime Minister of Japan: Shinzo Abe.


7. KVG bank launches “Vikas Abhaya” loan scheme

Karnataka Vikas Grameena Bank(KVGB) has launched ‘Vikas Abhaya’ a loan scheme to provide some relief to Micro, Small and Medium Enterprise(MSME) borrowers. This scheme is for those borrowers whose business activities are disrupted on account of the COVID-19 pandemic in Dharwad, Karnataka.

Important takeaways for all competitive exams:

  • Karnataka Vikas Grameena Bank Headquarters: Dharwad, Karnataka.
  • Karnataka Vikas Grameena Bank chairman: P Gopi Krishna.

Summits and Conferences

8. Extraordinary Virtual G20 Digital Economy Ministers Summit

An Extraordinary Virtual G20 Digital Economy Ministers summit was held under the presidency of Saudi Arabia. Union Minister for Law & Justice, Communications and Electronics & IT, Shri Ravi Shankar Prasad represented India in the virtual summit. The virtual summit also featured the participation of Digital Ministers of 19 other G20 Members, invited countries and International Organisations.

Important takeaways for all competitive exams:

  • The Group of Twenty (G20) is the premier forum for international economic cooperation which brings together the leaders of both developed and developing countries from every continent. ​
  • The members of the G20 group are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, ​Republic o​f Korea, Turkey, the United Kingdom, the United States and the European Union (EU)​.


9. FIFA launches #WeWillWin campaign to pay tribute to health workers

Fédération Internationale de Football Association(FIFA) has launched a campaign called “#WeWillWin”. Through this campaign FIFA tribute a special video to health workers and other professionals who ensure the society continues to function among COVID-19 pandemic. Former India football captain Bhaichung Bhutia who is also featured among 50 past and present football stars.

Important takeaways for all competitive exams:

  • President of FIFA: Gianni Infantino; Founded: 21 May 1904.
  • Headquarters: Zurich, Switzerland.

Important Days

10. International Labour Day 2020 observed globally on 1 May

International Labour Day 2020 observed globally on 1st May every year.  It is also known as International Worker’s Day and May Day. This day is observed to pay tribute to the contribution of workers across the world. It was only in the year 1891 when 1st May was announced formally to be observed as International Labour Day each year.

Important takeaways for all competitive exams:

  • Headquarters of International Labour Organization: Geneva, Switzerland.
  • President of International Labour Organization: Guy Ryder.
  • International Labour Organization Founded: 1919.


11. Freedom fighter & Padma Shri awardee Hema Bharali passes away

Freedom fighter and Padma Shri Gandhian Hema Bharali passed away at the age of 101. She was well known as Freedom Activist, social worker & Sarvodaya leader. She was born in Assam on 19th February 1919.

12. Former India football captain Chuni Goswami passes away

Former India Football captain Chuni Goswami passed away. He was the captain of Indian Football Team that won the 1962 Asian Games gold medal. Under his captaincy, India finished as runner-up at the Asian Cup in 1964.


13. Manipur black rice & Gorakhpur terracotta gets GI tag

Black rice of Manipur, also called the Chak-Hao, Gorakhpur Terracotta and Kadalai Mittai of Kovilpatti bagged Geographical Indication tag. The application for Chak-Hao was filed by the Consortium of Producers of Chak-Hao (Black Rice), Manipur and was facilitated by the Department of Agriculture, Government of Manipur and the North Eastern Regional Agricultural Marketing Corporation Limited (NERAMAC). In the case of Gorakhpur terracotta, the application was filed by Laxmi Terracotta Murtikala Kendra in Uttar Pradesh.

14. “Ramayana” becomes Highest Viewed Entertainment Programme Globally

India’s epic mythological saga of the 1980s, ‘Ramayan’ has created the world record of Highest Viewed Entertainment Programme Globally. On 16th April, 2020, the mythological show was watched by 7.7 crore viewers all over the world.

15. AIIA organises “AYURAKSHA” programme with Delhi Police

A joint programme was organised by All India Institute of Ayurveda (AIIA), under Ministry of AYUSH, and Delhi Police, with a title AYURAKSHA “Corona Se Jung: Delhi Police Ke Sang”. This programme was organised in New Delhi to fight against the COVID-19 by undertaking the simple and time tested Ayurveda immunity boosting measures.

Important takeaways for all competitive exams:

  • Minister of State (I/C) for Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy: Shripad Yesso Naik.

Check More GK Updates Here

Watch Video on Current Affairs of 1st April 2020

Register here to get study materials and regular updates!!

All the Best BA’ians for RBI Assistant Mains!