28th October 2020 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

Here is the daily GK update of 28th October 2020 covering the following news headlines: Centers of Excellence, Infantry Day, Direct Port Entry Facility, HDFC Bank, Bolivia.

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 28th October 2020 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

National News

1. Arjun Munda launches two Centers of Excellence for tribal welfare

  • The Union Minister of Tribal Affairs, Arjun Munda has launched two Centers of Excellence (CoE) for Tribal Welfare in a collaboration between Ministry of Tribal Affairs (MoTA) and Art of Living (AoL) through video conference.
  • The first CoE has been launched in Aurangabad district of Maharashtra for training about 10000 tribal farmers in the field of sustainable natural farming based on Go-Adharith farming techniques.
  • The second CoE has been launched in Jharkhand in the field of ‘Strengthening PRIs’ in 5 districts of the state covering 30 Gram Panchayats and 150 villages.

Important takeaways for all competitive exams:

  • The Art of Living Foundation is a volunteer-based, humanitarian and educational non-governmental organization in Bengaluru founded in 1981 by Sri Sri Ravi Shankar.

2. Indian Army celebrates 74th Infantry Day in J&K

  • Every year, October 27 is celebrated as Infantry Day by the Indian Army in Jammu & Kashmir (known by the nickname, Chinar Corps).
  • The Chinar Corps celebrated the 74th Infantry Day on October 27, 2020, to honour the supreme sacrifice of the gallant soldiers in fighting the Pakistani invaders, in Jammu and Kashmir, in 1947.
  • Infantry Day is celebrated as a remembrance of the first military event of independent India, when the First Battalion of the Sikh Regiment of Indian Army fought battle to accomplish victory over the first attack on the Indian soil by the Pakistan Army and Lashkar invader on October 27, 1947, in the Kashmir valley, who tried to grab J&K.

3. Mansukh Mandaviya inaugurates ‘Direct Port Entry Facility’

  • The Union Minister of State for Shipping (I/C), Mansukh Mandaviya has inaugurated the ‘Direct Port Entry (DPE) facility’ of V.O. Chidambaranar Port Trust in Tamil Nadu.
  • This will help in increasing Ease of Doing Business for the exporters, as the facility will bring efficiency and reduce dwell time, lower tariff cost and improve the competitiveness of shipper in the international trade.
  • The state-of-the-art Direct Port Entry (DPE) facility would enable direct movement of containers from factories, without intermediate handling at any Container Freight Station (CFS), thus facilitating the shippers to Gate-In their factory stuffed exports directly to the Container Terminal on 24×7 basis.
  • The facility is created in an area of 18,357 sqm inside the Truck Parking Terminal which was developed under the ‘Sagarmala’ for issuing customs clearance of export cargo i.e. Factory stuffed/re-sealed containers.

International News

4. Luis Arce declared as Bolivia’s president-elect

  • Luis Arce has been chosen as the President-elect of Bolivia, after winning a landslide victory in the 2020 Bolivian general election.
  • He captured 55.1% of the total votes. Arce will take the charge of the office on 8 November 2020.
  • He would succeed Jeanine Anez, who is serving as the interim President of Bolivia.
  • The 57-year-old, Luis is a member of the political party Movement Toward Socialism. Previously, Arce served as Minister of Economy and Public Finance from 2006 to 2017 and in 2019 under the President Evo Morales.

Important takeaways for all competitive exams:

  • Bolivia Capitals: La Paz, Sucre.
  • Bolivia Currency: Boliviano.
  • Bolivia Continent: South America.

State News

5. UP Govt to establish anti-human trafficking Police Stations

  • Uttar Pradesh Government has decided to establish anti-human trafficking Police Stations in each and every district in a major step towards the security of women and children.
  • These Police Stations will be given enough powers to register the case and investigate the matter independently.
  • The state government is going to establish 40 new anti-trafficking units which will work like police stations in districts and will conduct the investigation after registering the cases.
  • Earlier, only 35 districts in the state had Police stations of anti-human trafficking unit which was established in 2011 and 2018.
  • The new Police stations are being established after directives from women safety division of union Government. Union Government has also allocated funds for these units.

Important takeaways for all competitive exams:

  • Uttar Pradesh Governor: Anandiben Patel.
  • Uttar Pradesh Capital: Lucknow.
  • Uttar Pradesh Chief minister: Yogi Adityanath.

Appointments

6. HDFC Bank MD & CEO Aditya Puri retires

  • The Managing Director and Chief Executive Officer of HDFC Bank, Aditya Puri has stepped down, after 25 years of a highly successful career at India’s largest private sector lender.
  • The 70-year-old Puri had transformed a start-up in a sector dominated by state-owned banks into an industry leader.
  • At nearly Rs 6 trillion, HDFC Bank leads the industry in terms of market capitalisation and remains the most profitable by a long margin. Sashidhar Jagdishan has been appointed as the new chief executive and managing director of the HDFC Bank w.e.f. 27 October 2020.

Important takeaways for all competitive exams:

  • The tagline of HDFC Bank: We Understand Your World.
  • HDFC Bank Headquarters: Mumbai, Maharashtra.

Banking News

7. RBI bars payment system operators from launching any new QR codes

  • The Reserve Bank of India has barred Payment System Operators (PSOs) from launching any new proprietary QR code for payment transactions.
  • Currently, there are two interoperable QR codes — UPI QR and Bharat QR.
  • The decision to continue with the two existing Quick Response (QR) codes was based on the recommendations of the committee which was set up by the Reserve Bank under the chairmanship of Deepak Phatak to review the current system of such codes in India and suggest measures for moving towards interoperable QR codes.
  • QR codes are two-dimensional machine-readable barcodes, which are increasingly used to facilitate mobile payments at the point-of-sale. QR codes can store a large amount of information.

  • PSOs that use proprietary QR codes shall shift to one or more interoperable QR codes; the process of migration shall be completed by March 31, 2022.

Important takeaways for all competitive exams:

  • Governor of RBI: Shaktikanta Das.
  • Deputy Governors of RBI: BP Kanungo, MK Jain, MD Patra and Rajeshwar Rao.
  • Headquarters: Mumbai, Maharashtra.

Summits and Conferences

8. 3rd India-US 2+2 Ministerial Dialogue begins in New Delhi

  • India is hosting the third India-US two plus two Ministerial Dialogue at Hyderabad House in New Delhi.
  • The Union Defence Minister Rajnath Singh and External Affairs Minister Dr S. Jaishankar are leading the Indian delegation.
  • The United States Secretary of State Mike Pompeo and Secretary of Defence Mark Esper are leading the US delegation.
  • The First two plus two dialogue was held in New Delhi in September 2018 and the Second in Washington DC in 2019.
  • Besides, covering all bilateral, regional and global issues of mutual interest during the third dialogue, the two sides also signed the Basic Exchange and Cooperation Agreement for Geo-Spatial Cooperation (BECA) to further expand the geospatial cooperation between them and improve the accuracy of missile systems of India.

9. Om Birla participates in 6th BRICS Parliamentary Forum virtually

  • The 6th BRICS Parliamentary Forum has been organised virtually under the chairmanship of Vyacheslav Volodin, the Chairman of Russian Parliament.
  • The Indian Parliamentary Delegation is being led by Lok Sabha Speaker, Om Birla and also consists of Member of Lok Sabha Kanimozhi Karunanidhi.
  • The forum provides an effective platform to facilitate inter-parliamentary dialogue and Parliamentary Diplomacy among the Parliaments of BRICS countries with a view to strengthening the role of Parliaments on a range of contemporary global issues.
  • Speakers and members of five BRICS Parliaments namely Brazil, Russian, India, China and South Africa are attending the Forum. The theme of the Forum is ‘BRICS partnership in the interest of global stability, general safety and innovative growth: Parliamentary dimension’.

Important Days

10. International Animation Day: 28 October

  • International Animation Day is observed globally on 28 October every year.
  • The day has celebrated the art of animation and also recognise the artists, scientists and technicians behind animation.
  • This year marks the 19th International Animation Day. The day was created in 2002 by International Animated Film Association (ASIFA), an International Animated Film Association, a member of UNESCO.
  • ASIFA created the International Animation Day (IAD) in 2002, honouring the birth of animation, recognized as the first public performance of projected moving images: Emile Reynaud’s Theatre Optique in Paris, on the 28th October 1892.

Important takeaways for all competitive exams:

  • President of ASIFA: Sayoko Kinoshita.
  • ASIFA Founder: John Halas.
    ASIFA Founded: 1960, Annecy, France.

Obituaries

11. Veteran Gujarati Actor Naresh Kanodia passes away

  • Veteran Gujarati film star-turned-politician, Naresh Kanodia passed away. He was the younger brother of Gujarati singer Mahesh Kanodia who died on 25 October 2020 in Gandhinagar after a prolonged illness.
  • Naresh Kanodia worked in over 100 Gujarati films.
  • Later he joined politics and was elected as a BJP MLA from Karjan constituency between 2002 and 2007.
  • Both brothers were known as the Mahesh-Naresh duo in Gujarati film industry and together shared credit for several Gujarati hit movies.

Miscellaneous

12. GoI sets up committee to commemorate 400th anniversary of Guru Tegh Bahadur

  • The Centre has set up a high-level committee headed by Prime Minister Narendra Modi to commemorate the 400th birth anniversary of Shri Guru Tegh Bahadur.
  • Union Home Secretary Ajay Kumar Bhalla will be the member secretary of the 70-member high-level committee.
  • The committee will look into the approval of policies, plans, programmes and supervision and guiding the commemoration, as well as for deciding dates for detailed programmes of celebration.
  • Some of the other members of the committee include former prime minister Manmohan Singh, Lok Sabha Speaker Om Birla, Union ministers Rajnath Singh, Amit Shah, Nitin Gadkari, Nirmala Sitharaman, Hardeep Singh Puri, Punjab Chief Minister Amarinder Singh, Chief ministers of Haryana, Bihar, Uttar Pradesh, West Bengal, Tamil Nadu, Maharashtra, Uttarakhand, Himachal Pradesh, Odisha and Rajasthan.

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