23rd October 2020 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

Read the daily GK update of 23rd October 2020. In today's GK Update we are covering the following news headlines: Election Commission of India, Andhra Pradesh, Smart Black Board Scheme, INS Kavaratti.

Here is the daily GK update of 23rd October 2020 covering the following news headlines: Election Commission of India, Andhra Pradesh, Smart Black Board Scheme, INS Kavaratti.

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 23rd October 2020 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

About Course:
This package is a part of Unlimited Validity* Campaign - Valid till promo period end TNCs.

Most recommended & NRA-CET ready

This package Includes IBPS PO & IBPS Clerk 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
Bank Maha Pack
  1. Unlimited Live Classes & Recorded Video Courses
  2. Unlimited Tests and eBooks
  3. Use Code DREAM to Get 70% off
Validity
  1. 24 Months
13299 554/month
BUY NOW

National News

1. ECI constitutes committee to examine issues concerning expenditure limits

  • The Election Commission of India has set up a 2-member committee to examine the issue of revising the expenditure limit for candidates for Lok Sabha and assembly polls.
  • The committee will comprise of Shri Harish Kumar, Ex. IRS and DG (Investigation), Shri Umesh Sinha, Secretary-General and DG (Expenditure).
  • The need to set up this committee was felt in view of the increase in the number of electors and the rise in the Cost Inflation Index. It will submit its report within 120 days of its constitution.

Important takeaways for all competitive exams:

  • Chief Election Commissioner of India: Sunil Arora.
  • Election Commission of India Headquarters: New Delhi.

State News

2. Andhra Pradesh CM launches ‘YSR BIMA’ for BPL families

  • The Chief Minister of Andhra Pradesh, YS Jagan Mohan Reddy has launched ‘YSR Bima’, a scheme to provide financial assistance through insurance cover to the beneficiary in case of death or accident of their families members.
  • All families with white ration cards are eligible for YSR Bima scheme. Village/ward volunteers will visit the families and enrol the names of the primary householders.

Important takeaways for all competitive exams: 

  • Chief Minister of Andhra Pradesh: YS Jagan Mohan Reddy; Governor: Biswa Bhusan Harichandan.

3. Tamil Nadu Govt launches “Smart Black Board Scheme”

  • The state government of Tamil Nadu has launched the Smart Black Board scheme in 80,000 government schools of the state. The initiative aims to ensure a better teaching environment as well as lead towards Digital India and Atmanirbhar Bharat.
  • Under this Smart Black Board scheme, audiovisual teaching material would be possible, that can even be fed into the computer screens in classes using widely available pen drives.
  • The Tamil Nadu Govt has taken an important decision to lessen syllabus for season 2020-21 by 40 per cent.

Important takeaways for all competitive exams: 

  • Tamil Nadu Capital: Chennai.
  • Tamil Nadu Chief Minister: Edappadi K. Palaniswami.
  • Tamil Nadu Governor: Banwarilal Purohit.
  • Tamil Nadu State Dance: Bharathanatyam.

4. Uttarakhand CM launches Integrated Model Agricultural Village scheme

  • Uttarakhand Chief Minister, Trivendra Singh Rawat has inaugurated Integrated Model Agricultural Village scheme (Ekikrit Adarsh Krishi Gram Yojana) in the state in partnership with NABARD.
  • Putting emphasis on mechanised farming for boosting productivity, state Agriculture Minister Subodh Uniyal urged National Bank for Agriculture and Rural Development (NABARD) Chairman G R Chintala to lend a helping hand to farmers to switch over to mechanised farming.

Important takeaways for all competitive exams:

  • Uttarakhand Chief Minister: Trivendra Singh Rawat.
  • Governor of Uttarakhand: Baby Rani Maurya.

Defence News

5. “INS Kavaratti” commissioned into Indian Navy

  • The Chief of Army Staff, General MM Naravane has commissioned the ‘INS Kavaratti’, the last of four indigenously-built anti-submarine warfare (ASW) stealth corvettes, into the Indian Navy in Visakhapatnam.
  • The ship has been designed by the Indian Navy’s in-house organisation, Directorate of Naval Design (DND), and built by Garden Reach Shipbuilders and Engineers (GRSE), Kolkata.
  • The anti-submarine warfare (ASW) stealth corvettes have been undertaken under ‘Project 28’, also called Kamorta-class corvettes of the Navy.
  • INS Kavaratti has state-of-the-art weapons and sensor suite capable of “detecting and prosecuting” submarines and good endurance for long-range deployments.

Important takeaways for all competitive exams: 

  • Chief of Naval Staff: Admiral Karambir Singh.

6. DRDO successfully conducts final trial of Nag anti-tank guided missile

  • Defence Research and Development Organization (DRDO) successfully carried out the final trial of the third generation, anti-tank guided missile ‘NAG’, from the Pokhran field firing ranges in Rajasthan.
  • The successful final user trial of the missile makes the Nag anti-tank missile ready for induction in the Indian Army. Following the final trial, the missile will now enter into the production phase.
  • The Nag anti-tank guided missile has been developed by the Defence Research and Development Organization (DRDO), to engage highly fortified enemy tanks in the day and night conditions.
  • It has an operational range of 500 m to 20 km.
  • It will be manufactured by defence PSU Bharat Dynamics Limited (BDL), under the Integrated Guided Missile Development Program (IGMDP), of DRDO.

Important takeaways for all competitive exams: 

  • DRDO Chairman: Dr G. Satheesh Reddy.
  • DRDO Headquarters: New Delhi.

Banking News

7. Indian Bank, IIT-Madras in pact for start-up funding

  • Indian Bank has introduced an initiative for funding start-ups, ‘IND Spring Board’, in collaboration with the IIT-Madras Incubation Cell (IITMIC).
  • The Chennai-headquartered bank seeks to bridge the gap in funding for start-ups through this collaboration with IITMIC.
  • Under the deal, IITMIC will refer start-ups with proven technology and established cash flows to the bank and also extend advisory to the bank on the business model.
  • The bank will extend loans of up to 50 crores to these start-ups for their working capital requirements or purchase of machinery, equipment.

Important takeaways for all competitive exams:

  • Indian Bank Headquarters: Chennai, Tamil Nadu.
  • Indian Bank CEO: Padmaja Chunduru.
  • Indian Bank Tagline: Your Own Bank, Banking That’s Twice As Good.

Appointments

8. Neena Malhotra appointed as Ambassador to Republic of San Marino

  • Indian diplomat Dr Neena Malhotra, 1992-batch Indian Foreign Service officer, appointed as next Ambassador to the Republic of San Marino. She will have a residence in Rome.
  • Presently, she is serving as the Ambassador of India to the Republic of Italy.

Important takeaways for all competitive exams:

  • Republic of San Marino Capital: San Marino.
  • Republic of San Marino Currency: Euro.

9. Sushil Kumar Singhal appointed as next Ambassador to Solomon Islands

  • Sushil Kumar Singhal, a 2000-batch IFS officer, has been concurrently accredited as the next High Commissioner of India to the Solomon Islands.
  • He is presently serving as the High Commissioner of India to the Independent State of Papua New Guinea.

Important takeaways for all competitive exams:

  • Solomon Islands Capital: Honiara.
  • Solomon Islands Currency: Solomon Islands dollar.

Awards

10. Dr Jajini Varghese honoured with Outstanding Young Person 2020

  • UK-based Indian-origin plastic surgeon, Dr Jajini Varghese has been named an ‘Outstanding Young Person of the World 2020’ by a non-profit NGO for her “incredible” scientific contributions to diagnosing and treating breast cancer.
  • Varghese has been recognised in the “Medical Innovation” category for making it her personal mission to attempt to restore the lives of millions of women affected by breast cancer and will be presented with the award at a ceremony at the 2020 Junior Chamber International (JCI) World Congress in Yokohama, Japan.
  • In the UK, she is a Fellow of the Royal College of Surgeons in Plastic Surgery (FRCS) and a Member of the Royal College of Surgeons (MRCS). She is also on the Board of Examiners for the MSc in Plastic Surgery at University College London (UCL).

Important Days

11. World Snow Leopard Day: 23 October

  • World Snow Leopard Day is observed globally on 23rd October. The main purpose of this day is to show the importance of snow leopard conservation and raise awareness about this incredible animal.
  • The day also emphasizes the importance of taking measures to stop poaching, as well as consolidating efforts in terms of an environmental organization in the countries of the snow leopard range.

Obituaries

12. Playback singer and actor K J Mohammed passes away

  • Playback singer, music director and actor K J Mohammed Babu, popularly known as ‘Zero’ Babu passed away.
  • He was a recipient of the Sangeetha Nataka Akademi Award. He has sung in nearly 90 films and various plays. His first movie was the 1964 film ‘Kudumbini’.

Miscellaneous News

13. Vega ropes in Rohit Sharma as brand ambassador

  • Ace Indian cricketer and Captain of Mumbai Indians, Rohit Sharma has been signed up by India’s leading beauty accessories brand, Vega, for its men’s personal grooming electronics range under the ‘Vega Men’ brand.
  • Rohit Sharma will feature as the brand ambassador for ‘Vega Men’ range in the upcoming digital campaign.

Check More GK Updates Here

23rd October Current Affairs 2020 | Current Affairs Today | Daily Current Affairs 2020

Click Here to Register for Bank Exams 2020 Preparation Material

Visit Achieversadda.com and participate in discussions with other aspirants and achievers. Get answers to your queries and connect with others on Achieversadda.com

All the Best BA’ians for RBI Assistant Mains!