Daily GK Update 16 April 2020: Read Daily GK for Bank Exam

Read the daily GK update of 16th April 2020. In today's GK Update we are covering the following news headlines: SAHYOG, SBI, Ranjit Chowdhry, YSR Nirman portal, CARE Ratings and many more. Read the daily GK update for upcoming competitive exams in 2020.

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 Jupdate of 16th April 2020 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

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National News

1. Integrated geospatial platform “SAHYOG” rolled out by DST

An Integrated Geospatial Platform “SAHYOG” has been rolled out by the Department of Science and Technology (DST), Government of India, to help in decision making during the present COVID-19 outbreak and support with area-specific strategies in order to handle the socio-economic impact in the recovery phase. It will also complement the “AAROGYA-SETU” mobile application for Contact tracing, Public awareness, and Self-assessment objectives. It is expected to bolster the public health delivery system of the State as well as Central Governments and facilitate the necessary geospatial information support to citizens and agencies by collecting the COVID-19 specific geospatial datasets via community engagement.

State News

2. YSR Nirman and COVID-19 portals launched by Andhra Govt

YSR Nirman and COVID-19 portals have been launched by the Chief Minister of Andhra Pradesh to fight against the Coronavirus pandemic. The YSR Nirman is a web platform that assists the various departments to acquire cement and connects the various stakeholders such as Cement Manufacturers Association, manufacturing companies and government departments. The AP Industries COVID- 19 portal enables the MSME manufacturers as well as suppliers within the State to register themselves. The manufacturers and suppliers with UAM and GST can register themselves within the portal in order to create and supply essential items associated with COVID-19.

Important takeaways for all competitive exams:

  • Governor of Andhra Pradesh: Biswa Bhusan Harichandan.

Banking & Business News

3. SBI to waive service charges for all ATM transactions

India’s largest lender, State Bank of India has made an announcement to waive service charges for all ATM transactions made on SBI ATMs and on the other bank ATMs on account of exceeding the free number of transactions up to 30th June 2020. So, any customer having a debit card from a SBI bank will be allowed to withdraw cash from any other bank’s ATM without incurring any additional charges till 30th June, 2020.

Important takeaways for all competitive exams:

  • Chairperson of State Bank of India: Rajnish Kumar.
  • Headquarters: Mumbai; Founded: 1 July 1955.

4. Tata AIA Life Insurance provides additional benefits related to COVID-19

The Tata AIA Life Insurance has become the 1st life Insurance Company in India to announce additional benefits related to COVID-19 for Policyholders and Agents at no additional cost. The insurance company will give an additional amount up to Rs. 5 lakhs for death claims due to COVID-19. This benefit is applicable for all valid death claims with a date of death on or before June 30 2020.

Important takeaways for all competitive exams:

  • MD & CEO, Tata AIA Life Insurance: Rishi Srivastava.
  • Headquarters of Tata AIA Life Insurance: Mumbai.
  • Tata AIA Life Insurance Founded: 2000.


5. Vineet Arora appointed as new MD & CEO of Paytm General Insurance Ltd

Vineet Arora has been appointed the new managing director and chief executive officer of Paytm General Insurance Ltd. Earlier, he has served as the managing director and chief executive officer of Aegon Life Insurance Company.

Important takeaways for all competitive exams:

  • MD & CEO of Paytm Payments Bank Ltd: Satish Kumar Gupta.
  • Paytm founder: Vijay Shekhar Sharma.
  • Paytm Headquarters: Noida, Uttar Pradesh.
  • Paytm founded: 2010.

6. Ajay Mahajan appointed as new MD & CEO of “CARE Ratings”

Ajay Mahajan will replace Rajesh Mokashi as the new Managing Director & Chief Executive of credit rating agency “CARE Ratings”. He started his career with Bank of America in 1990 and went on to become MD & Country Head of Global Markets Group.

Important takeaways for all competitive exams:

  • CARE Rating Founded: 1993.
  • Care Rating Headquarters: Mumbai, Maharashtra

Awards & Rewards

7. Abdelouahab Aissaoui wins 13th International Arab fiction prize 2020

Algerian writer Abdelouahab Aissaoui has won the 13th International Arab fiction prize 2020 for his novel ‘The Spartan Court’ published by Dar Min in 2018. ‘The Spartan Court’ is a historical novel that relates the power struggle between Ottoman and French colonial powers in Algeria.

8. Tata Power wins Edison Award for its social innovation campaign

Tata Power has won the Edison Award for its social innovation campaign ‘Club Enerji #Switchoff2SwitchOn’. Tata Power is India’s largest integrated power company. The Edison Awards is presented to honour the world’s best innovations and innovators.

Important takeaways for all competitive exams:

  • CEO of TATA Power: Praveer Sinha.
  • TATA Power Headquarters: Mumbai, Maharashtra.

Summits & Conference

9. Nirmala Sitharaman attends 2nd G20 Finance Ministers and Central Bank Governors Meeting

The virtual session of the 2nd G20 Finance Ministers and Central Bank Governors (FMCBG) meeting was attended by the Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman. The meeting was held under the presidency of Saudi Arabia with its prime objective to discuss the global economic outlook amid advancing COVID-19 pandemic crisis. G20 members shared an Action Plan to combat COVID-19 in order to protect lives, safeguard people’s jobs and incomes, preserve financial stability, revive growth and recover stronger.

Important takeaways for all competitive exams:

  • The Group of Twenty (G20) is the premier forum for international economic cooperation which brings together the leaders of both developed and developing countries from every continent. ​
  • The members of the G20 group are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, ​Republic o​f Korea, Turkey, the United Kingdom, the United States and the European Union (EU)​.

10. 44th session of World Heritage Committee of UNESCO postponed

The 44th session of the UNESCO’s World Heritage Committee has been postponed due to the impact of the COVID-19 pandemic. The session would have been hosted by the Chinese government in Fuzhou of eastern China’s Fujian Province from 29th June to 9th July 2020. The announcement of the decision was made by China’s Ministry of Education.

Important takeaways for all competitive exams:

  • ​​​​​​​​​​​President of China: Xi Jinping; Capital: Beijing; Currency: Chinese Yuan.
  • Director General of UNESCO: Audrey Azoulay.

Defence News

11. US approves sale of Anti-ship Missiles & Torpedoes to India

The United States has announced the sale of Harpoon air-launched anti-ship missiles and Mark 54 lightweight torpedoes to India in order to enhance India’s deterrent capabilities against “regional threats” and also to strengthen its homeland defence. The Defense Security Cooperation Agency has stated that the sale of 10 AGM-84L Harpoon Block II air-launched missiles, 16 MK 54 All Up Round Lightweight Torpedoes and three MK 54 Exercise Torpedoes are estimated to cost USD 155 million.


12. Veteran actor Ranjit Chowdhry passes away

Film, television and theatre actor Ranjit Chowdhry who was best known for his work in movies Baton Baton Mein, Mississippi Masala, Khubsoorat and Bollywood/Hollywood, has passed away. He made his silver screen debut with movie “Khatta Meetha” in 1978 and later worked in various films such as Baton Baton Mein, Khubsoorat, Bandit Queen and Kaante.

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