Daily GK Update 14 February 2020: Read Daily GK-Current Affairs Update

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

International News

1. Rishi Sunak appointed as UK’s new Finance Minister

Rishi Sunak has been appointed as the Finance Minister of the United Kingdom. He will replace Pakistani Chancellor Sajid Javid. Now three Indian origin Members of Parliament are a part of Britain’s most diverse cabinet led by UK Prime Minister Boris Johnson. Along with Rishi Sunak, Priti Patel has been appointed as the Home Minister and Alok Sharma has been appointed as the Business Secretary in the British Cabinet.

Important takeaways for all competitive exams:

  • Capital of the United Kingdom: London.
  • The currency of the United Kingdom: UK Pound.

State News

2. Piyush Goyal inaugurates Kolkata’s East-West Metro line

Union Railway Minister Piyush Goyal inaugurated the first phase of “East-West Metro line” which is Kolkata’s second metro line. The phase 1 of the East-West Metro corridor is a 5.3 kms long stretch with 6 elevated stations and executed by Kolkata Metro Rail Corporation Limited (KMRCL).

Important takeaways for all competitive exams:

  • Chief Minister of West Bengal: Mamata Banerjee; Governor: Jagdeep Dhankhar.

3. Tamil Nadu CM inaugurates SCF cricket ground in Salem

Tamil Nadu Chief Minister Edappadi Palaniswami inaugurated the Salem Cricket Foundation (SCF) cricket ground in Valapadi, Salem in Tamil Nadu. The ground was built on behalf of Salem Cricket Foundation. Cricketer Rahul Dravid, TN Cricket Association head Rupa Gurunath and BCCI former head Srinivasan attended the inauguration.

Important takeaways for all competitive exams:

  • Capital of Tamil Nadu: Chennai.
  • Governor of Tamil Nadu: Banwarilal Purohit.

Appointments

4. Robin Singh appointed as UAE’s director of cricket

Former Indian Cricket all-rounder Robin Singh was appointed as director of cricket of the United Arab Emirates. He was appointed by Emirates Cricket Board after the dismissal of head coach Douglas Robert Brown. Robin Singh represented India for 1 test and 136 ODIs (One Day International) between 1989 & 2001.

Important takeaways for all competitive exams:

  • President of UAE: Khalifa bin Zayed Al Nahyan.
  • Capital of UAE: Abu Dhabi; Currency of UAE: UAE dirham.

5. Atul Kumar Gupta is the new ICAI President

Atul Kumar Gupta will be the new President of the Institute of Chartered Accountants (ICAI) for the year 2020-21. Nihar Niranjan Jambusaria has been elected as the Vice President of the ICAI for 2020-21. They were elected at a meeting of the central council in New Delhi.

Important takeaways for all competitive exams:

  • Headquarters of Institute of Chartered Accountants (ICAI): New Delhi.

Awards

6. FIH honours Manpreet Singh with FIH Men’s Player of the Year 2019 award

The International Hockey Federation (FIH) has awarded Indian men’s hockey team captain & midfielder Manpreet Singh with “Player of the Year for 2019” award. India’s another midfielder Vivek Sagar Prasad has also won the “FIH Male Rising Star of the Year” award.

Important takeaways for all competitive exams:

  • Chief executive Officer of International Hockey Federation (FIH): Thierry Weil.
  • President of Hockey India: Mohd Mushtaque Ahmad

Banking

7. IndusInd Bank tops list of ‘Highest increase in brand value’

According to ‘The Banker’s Top 500 Banking Brands 2020’ report, IndusInd Bank has topped the list of ‘Highest increase in brand value’ among global banks. The brand value of Induslnd Bank has increased by 122% over the past 12 months, making it the highest placed for growth in brand value, across the globe.

As a part of the report, the list “Top 50 By Total Brand Value by Country” has been topped by China, followed by United States (US) at 2nd position while Canada and the United Kingdom (UK) ranked at 3rd and 4th spots. Japan has moved up to the fifth spot. India ranked 8th in this list in comparison to 10th place in 2019.

Important takeaways for all competitive exams:

  • Managing Director & CEO of IndusInd Bank: Romesh Sobti
  • Headquarter of IndusInd Bank: Mumbai, Maharashtra.
  • The tagline of IndusInd Bank: We Make You Feel Richer.

Economy

8. EIU lowers global growth forecast for 2020

The Economist Intelligence Unit has revised downwards its global growth forecast for 2020 to 2.2% from 2.3%. This impact because of Novel coronavirus outbreak in China and also the virus starts spreading globally. The virus originated in Wuhan, a city of around 11.3 million people in central Hubei province, China, and has spread to most provinces in mainland China and overseas.

Important takeaways for all competitive exams:

  • Economist Intelligence Unit Managing Director (MD): Robin Bew.
  • Economist Intelligence Unit headquarters: London, England.
  • Economist Intelligence Unit founded: 1946.

Summit and Conferences

9. New Delhi to host “National Organic Food Festival” for women entrepreneurs

The National Organic Food Festival is going to be held for women entrepreneurs in New Delhi. The festival will be jointly organised by the Ministry of Women and Child Development (MoWCD) and Ministry of Food Processing Industries (MoFPI).

The festival will be held with the theme of “Unleashing India’s Organic Market Potential”.

10. New Delhi hosts “Conference on Combating Drug Trafficking”

The Narcotics Control Bureau (NCB) has organised the two days BIMSTEC’s Conference on Combating Drug Trafficking in New Delhi. The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) conference was inaugurated by the Union Minister for Home Affairs.

Important takeaways for all competitive exams:

  • Union Minister for Home Affairs: Amit Shah.

Schemes and Committee

11. 15th Finance Commission constitutes panel on Defence & Internal security

The Fifteenth Finance Commission has formed a 5-members panel on defence & internal security. The constituted panel aims to study whether a separate mechanism should be organised for the funding of defence and internal security and if yes, then how this mechanism could be operationalised.

The panel will be headed by the Chairman of the Fifteenth Finance Commission N K Singh, expenditure secretary T V Somanathan, defence secretary Ajay Kumar, finance commission Member AN Jha and home affairs secretary Ajay Bhalla as its members.

Science and Technology

12. Scientists discovered the nearest known planet “2MASS 1155-7919 b”

The scientists from Rochester Institute of Technology has discovered the nearest-known ‘baby giant planet’ which is named as “2MASS 1155-7919 b”. The scientists has used the data from Gaia space observatory to find the baby giant planet.

Books and Authors

13. Haryana CM releases the book “A Commentary and Digest on The Air, Act 1981”

Haryana Chief Minister (CM), Manohar Lal Khattar, released a book titled “A Commentary & Digest on The Air, Act 1981” at Chandigarh, Haryana. The book was written by Dr K K Khandelwal. The book was published by The Bright Law House.

Obituaries

14. Padma Shri awardee Wendell Rodricks passes away

Famous Indian fashion designer Wendell Rodricks passed away. He was awarded Padma Shri in 2014 and also Chevalier de L’ordre des Arts et Lettres by the French Ministry of Culture in 2015. He wrote books namely: The Greenroom, Poskem: Goans in the shadows, Moda Goa- History & Style.

Miscellaneous

15. India bans e-cigarettes in both domestic and international flights

The Bureau of Civil Aviation Security (BCAS), under the Ministry of Civil Aviation of India, has issued a circular that Electronic-Cigarettes and all forms of Electronic Nicotine Delivery System(ENDS) will not be allowed in both domestic and international flights as well as at airports. Under the Prohibition of Electronic Cigarettes Act which is passed in December 2019.

Important takeaways for all competitive exams:

  • Bureau of Civil Aviation Security headquarters: New Delhi.
  • Bureau of Civil Aviation Security founded: 1976.

16. Two prominent institutes named after Sushma Swaraj by GoI

The Government of India has renamed two institutions after Sushma Swaraj in an honour of the late External Affairs Minister. The two institutions are: the Pravasi Bharatiya Kendra and the Foreign Service Institute.

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