25th & 26th October 2020 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

Here is the daily GK update of 25th & 26th October 2020 covering the following news headlines: UN Commemorative Stamp, Life in Miniature, FATF, World Bank, ICICI Bank.

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 25th & 26th October 2020 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

National News

1. India Posts releases 75th Anniversary of UN Commemorative Stamp

  • Department of Posts (DOP), Ministry of Communications released a commemorative postage stamp on the 75th anniversary of the United Nations Organisations.
  • External Affairs Ministry spokesperson, Anurag Srivastava stated India attaches the highest priority to the expansion of the UN Security Council so that it reflects contemporary realities of the world.
  • He stated reformed multilateralism will be a key pillar of the overall approach in the upcoming innings of India as a non-permanent member.
  • It may be noted that the Department of Posts has previously released similar such commemorative postage stamps on the UN’s 9th, 40th, and 50th Anniversaries in 1954, 1985, and 1995 respectively.

Important takeaways for all competitive exams:

  • Indian Post Headquarters: New Delhi.
  • Director-General of Indian Post: Arundhaty Ghosh.
  • United Nations Headquarters: New York, United States.
  • United Nations Founded: 24 October 1945.
  • United Nations Secretary-general: António Guterres.

2. Prahlad Singh Patel virtually launched “Life in Miniature” project

  • Union Minister of State for Culture and Tourism (I/C), Prahlad Singh Patel has virtually launched the “Life in Miniature” project, a collaboration between the National Museum, New Delhi, Ministry of Culture, and Google Arts & culture.
  • On the Google Arts & Culture app, online viewers can experience the first Augmented Reality-powered art gallery designed with traditional Indian architecture, and explore a life-size virtual space where you can walk up to a selection of miniature paintings.
  • The artworks showcased are presented along with five universal themes of the human relationship with nature, love, celebration, faith, and power.
  • Users will be able to see famous miniature collections of the National Museum, like the Ramayana, Royal Saga, Pahari style paintings in never before seen ways and in extraordinary detail, in just a few clicks at co/LifeInMiniature.

Important takeaways for all competitive exams:

  • Union Minister of State for Culture and Tourism (I/C): Prahlad Singh Patel.
  • Constituency: Damoh, Madhya Pradesh.

International News

3. Bangladesh govt orders ‘no mask, no service’ policy

  • Bangladesh government has decided that no service will be provided to people who don’t wear a mask.
  • The cabinet meeting chaired by Prime Minister Sheikh Hasina decided that no one will be allowed to enter offices without the mask.
  • It decided that all offices must install notice boards saying ‘no mask, no service’ in order to control the spread of COVID 19 virus in the country.

Important takeaways for all competitive exams:

  • Prime Minister of Bangladesh: Sheikh Hasina; Capital: Dhaka; Currency: Taka.

4. Pakistan to remain in grey list of FATF till Feb 2021

  • The global terror financing watchdog, Financial Action Task Force (FATF) has announced that Pakistan will continue to remain on its grey list till February 2021.
  • This decision has been taken since Pakistan has not been able to fulfil six out of the 27 mandates to check terror funding. FATF has strongly urged Pakistan to swiftly complete its full action plan by February 2021.

Important takeaways for all competitive exams:

  • The headquarters of FATF is in Paris, France.
  • FATF was founded in July 1989.
  • Prime Minister of Pakistan: Imran Khan.
  • President of Pakistan: Arif Alvi.
  • Capital of Pakistan: Islamabad.

State News

5. PM Modi launched 3 projects in Gujarat

  • Prime Minister Narendra Modi has inaugurated three projects in his home State Gujarat, one each related to farmers’ welfare, healthcare, and tourism development, via video conference from New Delhi. The projects inaugurated include
  • The ‘Kisan Suryodaya Yojna’ is an Agri scheme which aims to provide power supply during daytime from 5 am to 9 pm (16 hours) for irrigation purposes to farmers.
  • The state government has allocated a budget of Rs 3,500 crores for installing transmission infrastructure under this scheme by 2023.
  • The Paediatric Heart Hospital was inaugurated at U.N Mehta Institute of Cardiology and Research Centre at Civil Hospital campus in Ahmedabad and a Mobile Application for telecardiology.
  • The new facilities have been set up at the cost of Rs 470 crore and will be India’s biggest hospital for cardiology.
  • Girnar hill ropeway at Junagadh is Rs 130 crore project. It would attract more tourists and pilgrims to this historical place which will boost employment opportunities.
  • The 2,320 metres long ropeway has a capacity of carrying 1,000 passengers every hour.

Important takeaways for all competitive exams: 

  • Gujarat Chief Minister: Vijay Rupani.
  • Gujarat Governor: Acharya Devvrat.

6. World Bank sanctions Rs 3 crore for Sand Dune Park in Goa

  • India’s first sand dune parks and interpretation centres are set to be developed in Goa. World Bank has sanctioned around Rs.3 crore under the programme.
  • The Goa state biodiversity board has proposed the project, which will be implemented with financial assistance from the World Bank.
  • The Sand Dune park project will have interpretation centres to educate locals and tourists on the importance of the sand dune ecosystem. Park would also have Bridges made of nature-friendly material to reduce trampling on sand dune vegetation.
  • Besides this, nurseries of sand dune vegetation will also be set up, which will enable its replantation on beach stretches where vegetation has gone extinct.

Important takeaways for all competitive exams: 

  • Goa Capital: Panaji.
  • Governor of Goa: Bhagat Singh Koshyari.
  • Chief Minister of Goa: Pramod Sawant.

Banking 

7. ICICI Bank shuts down operations in Sri Lanka

  • ICICI Bank has shut down his operations in Sri Lanka after getting approval from the Sri Lankan monetary authority.
  • The Monetary Board of the Central Bank of Sri Lanka, having considered the request made by ICICI Bank, has granted approval to close down business operation of the bank in Sri Lanka and cancel the licence issued to it.

Important takeaways for all competitive exams:

  • ICICI Bank Headquarters: Mumbai, Maharashtra.
  • ICICI Bank MD & CEO: Sandeep Bakhshi.
  • ICICI Bank Tagline: Hum Hai Na, Khayal Apka.

Agreements

8. BSE inks MoU with ICCI to support SMEs & start-ups

  • Bombay Stock Exchange (BSE) has signed an agreement with Inventivepreneur Chamber of Commerce and Industries (ICCI) to support small and medium enterprises (SMEs) and start-ups, and promote their listing on the exchange.
  • ICCI will offer assistance to BSE in evaluating SMEs and start-ups for listing on BSE SME board.
  • ICCI will also help to offer industry connections to respective BSE start-ups globally and support entrepreneurship nationwide through knowledge transmission on government announced programs, acceleration fund, international presence and global business relations.

Awards

9. India-assisted hydroelectric project in Bhutan wins UK engineers’ body award

  • India-assisted Mangdechhu Hydroelectric project in Bhutan has been awarded the Brunel Medal-2020, an award conferred by the UK’s top engineering body, Institute of Civil Engineers.
  • The 720-MW Mangdechhu run-of-river power project is built on the Mangdechhu River in Trongsa Dzongkhag district of central Bhutan at a cost of Rs 4,500-crore.
  • The project was jointly inaugurated by the prime ministers of the two countries in August 2019, during Prime Minister Narendra Modi’s state visit to Bhutan.

Important takeaways for all competitive exams:

  • Capital of Bhutan: Thimphu.
  • Prime minister of Bhutan: Lotay Tshering.
  • The currency of Bhutan: Bhutanese ngultrum.

Ranks and Reports

10. NTPC ranks 1st among Indian PSUs in Forbes’ World’s Best Employer 2020

  • National Thermal Power Corporation Limited (NTPC) has featured on the top on the list of Indian PSUs under the ‘World’s Best Employer 2020’, published by Forbes.
  • The recognition is testimony to NTPC’s commitment towards inculcating best in class practices that are thoughtfully designed and robustly executed, the company stated in a statement.
  • The modules have helped thousands of workers from NTPC to grow and think beyond the professional sphere.
  • NTPC has successfully innovated and introduced people practices in the domain of hiring; engagement; diversity and inclusion; rewards and recognition; and performance management.
  • In the recent past, the company has initiated an ‘NTPC Series’ on success stories beyond official work, ‘Ambition, Growth, Success Beyond Work’, a series on the achievements of employees beyond their official assignments.

Important takeaways for all competitive exams:

  • NTPC Founded: 1975.
  • NTPC Headquarters: New Delhi, India.

Sports News

11. Lewis Hamilton wins Portuguese Grand Prix 2020

  • Lewis Hamilton (Mercedes-Great Britain) has won the 2020 Portuguese Grand Prix, held at Algarve International Circuit, Portugal.
  • This was the 12th round of the 2020 Formula One World Championship. This is Hamilton’s 8th win of the season and 92nd career race victory.
  • With this win, he has surpassed the record of 91 wins set by German great Michael Schumacher. Valtteri Bottas (Mercedes- Finland) came second followed by Max Verstappen (Red Bull – Netherlands) at the third spot.

Important Days

12. 59th ITBP Raising Day: 24 October

  • Indo Tibetan Border Police (ITBP) has observed his 59th raising Day on 24th October.
  • The ITBP was raised in the aftermath of the 1962 Chinese aggression and it has a strength of about 90,000 personnel with 60 battalions on the ground.
  • ITBP is one of the five bodies of the Central Armed Police Forces (CAPF).
  • It keeps Vigil on the northern borders and prevents border violations.
  • It checks illegal immigration, trans-border smuggling, and maintains peace.

Important takeaways for all competitive exams: 

  • Director-General of ITBP: Surjeet Singh Deswal.

Obituaries

13. Samsung Chairman Lee Kun-Hee passes away

  • The chairman of South Korea’s largest conglomerate, Samsung Group, Lee Kun-hee has passed away.
  • Lee helped to transform Samsung from a small trading business to become the world’s largest producer of smartphones and memory chips.
  • The firm’s overall turnover today is equivalent to a fifth of South Korea’s GDP. Lee was also the richest person in South Korea, according to Forbes, with a net worth of nearly $21bn.

Check More GK Updates Here

25th & 26th October Current Affairs 2020 | Current Affairs Today | Daily Current Affairs 2020

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