29th May 2020 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

Here is the daily GK update of 29th May 2020 covering the following news headlines: IOA, PAN, Wipro, Capgemini Group, Maharashtra, JP Morgan.

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 29th May 2020 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

National News

1. Finance Minister launches facility of Instant Allotment of PAN

The facility for instant allotment of Permanent Account N​umber (PAN) has been formally rolled out by the Union Minister for Finance & Corporate Affairs Nirmala Sitharaman on near to real time basis. The PAN applicants who has a valid Aadhaar number and have a mobile number registered with Aadhaar will be able to avail the facility. Launching this facility will create further ease of compliance to the taxpayers.

State News

2. R Sreerekha to become Kerala’s first woman DGP

R Sreerekha will be the first woman Director General of Police in Kerala as the Kerala government has appointed her as Fire and Rescue Services DGP. She is presently an Additional Director General of Police, heading the Prisons and Correctional Services Department.

Important takeaways for all competitive exams:

  • Chief Minister of Kerala: Pinarayi Vijayan.
  • Governor of Kerala: Arif Mohammad Khan.
  • Capital of Kerala: Thiruvananthapuram.

Agreements & MoUs

3. India & ADB signs $177 mn loan to improve road in Maharashtra

The Asian Development Bank and the Government of India have signed a $177 million loan to upgrade the 450 km of state highways and major district roads in the state of Maharashtra. The road improvement project consists of improving 2 major district roads and 11 state highways having the combined length of 450 km. The project will also involve the strengthening of road safety measures with the development of a road safety audit framework that will led to the protection of vulnerable groups including the elderly, women, and children. It will also train the Maharashtra Public Works Department project staff to enhance their capacity in climate change adaptation and disaster resilient features in various aspects such as road design, road maintenance planning and road safety.

Important takeaways for all competitive exams:

  • Chief Minister of Maharashtra: Uddhav Thackeray; Governor: Bhagat Singh Koshyari.
  • President of Asian Development Bank: Masatsugu Asakawa.


4. Leo Puri to become Chairman of JP Morgan South Asia and South East Asia

Leo Puri has been announced to become the new Chairman of JP Morgan South Asia and South East Asia, replacing Kalpana Morparia who will be serving as the chairman until the 1st Quarter of 2021. In another major top-level change, Murali Maiya will become the new Chief Executive Officer (CEO) of JP Morgan South and South East Asia.

Important takeaways for all competitive exams:

  • Chief Executive Officer of JP Morgan: Jamie Dimon.

5. Aiman Ezzat becomes new CEO of Capgemini Group

Aiman Ezzat has become the new Chief Executive Officer (CEO) of French technology major Capgemini Group and will replace the presently serving Paul Hermelin who will continue to serve as the Chairman of the Board. Aiman Ezzat was earlier serving as the Chief Operating Officer of the Capgemini Group and has also served as the Chief Financial Officer of the company in the past.

6. Wipro appoints Thierry Delaporte as its new CEO & MD

Thierry Delaporte has been appointed by the IT major Wipro as its new Chief Executive Officer (CEO) and Managing Director (MD). He will replace Abidali Neemuchwala as the new CEO and MD of Wipro. He has served as the Chief Operating Officer of Capgemini Group and a member of its Group Executive Board.

Important takeaways for all competitive exams:

  •  Chairman of Wipro Limited: Rishad Premji.

7. IOC appoints Narinder Batra as member of Olympic Channel Commission

Indian Olympic Association (IOA) president Narinder Batra has been designated as a member from the Olympic Channel Commission. The Olympic Channel Commission exhorts the IOC (International Olympic Committee) meeting, the IOC Executive Board, the IOC President and provides guidance throughout the launch and operation of the Olympic Channel. The commission advise the growth & development of the Olympic Channel from its initial launch phase through to its mature and established form.

Important takeaways for all competitive exams:

  • International Olympic Committee (IOC) Headquarters: Lausanne, Switzerland.
  • International Olympic Committee (IOC) President: Thomas Bach.

Awards & Rewards

8. Quarraisha Abdool Karim wins Christophe Merieux Prize

South African HIV researcher, Quarraisha Abdool Karim has been awarded Christophe Merieux Prize for the AIDS Programme of Research in South Africa (CAPRISA), which she heads. Christophe Merieux Prize is one of France’s top science prizes.

Important takeaways for all competitive exams:

  • President of South Africa: Cyril Ramaphosa.
  • The rand is the official currency of South Africa.

Summits & Conferences

9. Finance Minister Nirmala Sitharaman chairs 22nd Meeting of FSDC

The 22nd Meeting of the Financial Stability and Development Council (FSDC) was chaired by the Union Minister for Finance & Corporate Affairs Nirmala Sitharaman in New Delhi. During the meeting, present global and domestic macro-economic situation was reviewed including the financial stability and vulnerabilities issues. They also reviewed major issues that are likely to be faced by banks as well as other financial institutions.


10. 36th National Games postponed indefinitely due to COVID-19

The 36th National Games, planned for October-November in Goa, was deferred indefinitely due to the COVID-19 pandemic. Committee to convey a social event in September end and decide on fixing dates for National Games. Goa Government to require guidance from Union Sports Ministry, need four months notification ahead of time to compose games. The last edition of the Games was held in 2015 in Kerala.

Important takeaways for all competitive exams:

  • Indian Olympic Association President: Narinder Dhruv Batra.
  • Indian Olympic Association Headquarters: New Delhi.

Important Days

11. International Day of UN Peacekeepers: 29 May

International Day of UN Peacekeepers is observed globally on 29 May every year to honour all the women and men who have served as military, police or civilians in UN Peacekeeping operations. The theme of International Day of UN Peacekeepers 2020 is “Women in Peacekeeping: A Key to Peace”. It helps to mark the 20th anniversary of the adoption of UN Security Council Resolution 1325 on Women, Peace and Security.

12. World Digestive Health Day: 29th May

World Digestive Health Day is observed globally on 29th May every year and is organised by the World Gastroenterology Organisation (WGO) in collaboration with the WGO Foundation (WGOF). The theme for the World Digestive Health Day 2020 campaign is “Gut Microbiome: A Global Perspective.” World Digestive Health Day was launched in 2004 to mark the 45th anniversary of the creation of the World Gastroenterology Organisation.

Important takeaways for all competitive exams:

  • WGO Headquarters: Milwaukee, Wisconsin, United States.
  • WGO Founded: 1958.

13. World Hunger Day observed on 28 May

World Hunger Day is observed globally on 28 May every year to raise awareness about more than 820 million people living in chronic hunger worldwide. The initiative recognizes the dire need to save nearly a quarter of a billion lives from malnourishment and chronic hunger. The need to provide outreach globally during the pandemic for the distribution of food is seen as paramount to save those who have been vulnerable even in pre-pandemic times.

Important takeaways for all competitive exams:

  • Global Hunger Index 2019: India at 102 out of 117 countries, falls behind Nepal, Bangladesh, Pakistan.

14. International Day of Action for Women’s Health: May 28

International Day of Action for Women’s Health is observed globally on May 28 every year to promote the sexual and reproductive health and rights (SRHR) of all women all over the world. The day is being coordinated by the Women’s Global Network for Reproductive Rights (WGNRR). Every woman has a right to sexual and reproductive health and rights, no matter which part of the world she hails from, what age she is, or what her ethnicity or religion is.

Important takeaways for all competitive exams:

  • WGNRR Headquarters location: Amsterdam, Netherlands.
  • WGNRR Founded: 1984.

Miscellaneous News

15. CIPET renamed as Central Institute of Petrochemicals Engineering & Technology

The name of Central Institute of Plastics Engineering & Technology (CIPET) has been changed to Central Institute of Petrochemicals Engineering & Technology (CIPET). It is a premier national institution which comes under the Ministry of Chemicals and Fertilizers, Government of India. The new name of the institute has been registered under the Tamil Nadu Societies Registration Act 1975 ( Tamil Nadu Act 27 of 1975).

Important takeaways for all competitive exams:

  • Union Minister for Chemicals and Fertilizers: DV Sadananda Gowda.

Obituaries News

16. First Chief Minister of Chhattisgarh Ajit Jogi passes away

The first Chief Minister of Chhattisgarh, Ajit Jogi has passed away. A bureaucrat-turned politician, Ajit Jogi was a mass leader who dominated the state’s politics for long time. He was an MLA from Marwahi seat in the current assembly. He served as the first Chief Minister of Chhattisgarh from November 2000 to November 2003.

Important takeaways for all competitive exams:

  • Chief Minister of Chhattisgarh: Bhupesh Baghel; Governor: Sushri Anusuiya Uikey.

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