Daily GK Update 27 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 27 February 2020 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

National News

1. Harsimrat Kaur Badal launches MIEWS Portal for Monitoring prices of TOP Crops

Union Minister of Food Processing Industries Harsimrat Kaur Badal has launched the– Market Intelligence and Early Warning System (MIEWS) Web Portal. The portal can be accessed at http://miews.nafed-india.com. The MIEWS Dashboard and Portal is a ‘first-of-its-kind’ platform for ‘real-time monitoring’ of prices of tomato, onion and potato (TOP) and for simultaneously generating alerts for intervention under the terms of the Operation Greens(OG) scheme.

2. Higher Education Leadership Development Programme launched in New Delhi

A Higher Education Leadership Development Programme for Administrator has been launched by the Union Minister for Human Resource Development, Ramesh Pokhriyal. This programme is a joint initiative of UGC and British Council under the aegis of UK India Education and Research Initiative (UKIERI).


3. Mastercard CEO Ajay Banga to step down

Mastercard Chief Executive Officer Ajay Banga will step down at the start of the next year and will be replaced by Chief Product Officer Michael Miebach.

Important takeaways for all competitive exams:

  • President of Mastercard South Asia: Porush Singh.
  • Mastercard Founded: 1966;  Headquarters: New York, US.

4. Rajesh Kumar becomes new MD & CEO of CIBIL

TransUnion Cibil, the largest credit information bureau appointed Rajesh Kumar of HDFC Bank as its new managing director and chief executive. He will succeed Satish Pillai

Important takeaways for all competitive exams:

  • Headquarters of CIBIL: Mumbai.
  • CIBIL founded: August 2000.

5. Maria Sharapova announces retirement from tennis

Five-time Grand Slam champion Maria Sharapova has announced her retirement from tennis. The Russian won her first Grand Slam at Wimbledon in 2004 aged 17 and completed the career slam, all four major titles, by winning the French Open in 2012.

6. Jawed Ashraf becomes India’s next Ambassador to France

Jawed Ashraf has been appointed as the next Ambassador of India to France. He is presently High Commissioner of India to the Republic of Singapore. He will succeed Vinay Mohan Kwatra. Vinay Mohan Kwatra will become the next Ambassador of India to Nepal, he will succeed Manjeev Singh Puri.

Important takeaways for all competitive exams:

  • President of France: Emmanuel Macron.
  • Capital of France: Paris.
  • Currency of France: Euro, CFP Franc.


7. India-UK joint Air Force Exercise Indra Dhanush Exercise 2020 began

The 5th edition of the Exercise Indra Dhanush 2020 commenced on 24th February. It is a joint air force exercise between Indian Air Force (IAF) and British Royal Air Forces (RAF) has commenced at Air Force Station Hindan in Uttar Pradesh (UP).

Important takeaways for all competitive exams:

  • Air Chief Marshal: Rakesh Kumar Singh Bhadauria.
  • Indian Airforce founded: 8 October 1932.
  • Indian Airforce Headquarters: New Delhi.


8. RBI allows Bandhan Bank to open new branches without prior permission

The Reserve bank of India removes the restrictions placed on Bandhan Bank, allowing it to open new branches without prior permission. The RBI came up with some regulatory conditions & directed the bank to order about 25% of the total banking outlets to be opened in rural areas where banking facilities are not available.

Important takeaways for all competitive exams:

  • Bandhan Bank Non–Executive Chairman:  Anup Kumar Sinha
  • MD and CEO of Bandhan Bank: Chandra Shekhar Ghosh.
  • Bandhan Bank Founded: 23 August 2015.
  • Bandhan Bank Headquarters: Kolkata, West Bengal
  • Bandhan Bank Tagline: Aapka Bhala, Sabki Bhalai.

9. “EASE 3.0” launched for tech-enabled banking for aspiring India

“Enhanced Access and Service Excellence (EASE) 3.0” has been launched by Finance Minister Nirmala Sitharaman along with the EASE 2.0 Annual Report at Indian Banks’ Association function. This has been launched for smart, tech-enabled banking for aspiring India.


10. ADB raises $118 million from rupee-linked bonds

The Asian Development Bank (ADB) has raised Rs 850 crore (USD 118 million) from a new issue of offshore Indian rupee-linked 10-year bonds. This represents ADB’s first new maturity raised in Indian rupees since 2017 and contributes to an established yield curve which stretches from 2021 through 2030 with Rs 7,240 crore (USD 1 billion) of outstanding bonds. ADB’s India rupee bonds have been a “game-changer” for local currency operations.

Important takeaways for all competitive exams:

  • Formation of ADB: 19 December 1966.
  • Headquarters of ADB: Manila, Philippines.
  • Membership of ADB: 68 countries.
  • President of ADB: Masatsugu Asakawa.

Summit and Conferences

11. RAISE 2020 Summit to be held in New Delhi

The Government of India (GoI) announced the mega event, RAISE 2020- ‘Responsible AI for Social Empowerment 2020,’ to be held from April 11-12 in New Delhi. RAISE 2020 is India’s first Artificial Intelligence summit to be organized by the Government in partnership with Industry & Academia.

Important takeaways for all competitive exams:

  • Minister of Science and Technology and Minister of Earth Sciences: Harsh Vardhan.

Ranks and Reports

12. India ranked 3rd in Hurun Global Rich List 2020

Hurun Report has released the Hurun Global Rich List 2020. The Hurun Global Rich List 2020 is a ranking of the US-Dollar billionaires in the world. The 9th edition of the Hurun Global Rich list ranked 2,816 billionaires from 71 countries and from 2,182 companies.

Here is the list of top ten people in Hurun Global Rich List 2020:

Rank Name Wealth (US$bn) Main Company Country of Residence
1 Jeff Bezos 140 Amazon USA
2 Bernard Arnault 107 LVMH France
3 Bill Gates 106 Microsoft USA
4 Warren Buffett 102 Berkshire Hathaway USA
5 Mark Zuckerberg 84 Facebook USA
6 Armancio Ortega 81 Zara Spain
7 Carlo Slim Helu & family 72 America Movil Mexico
8 Sergey Brin 68 Google USA
9 Larry Page 67 Google USA
9 Mukesh Ambani 67 Reliance India
9 Steve Ballmer 67 Microsoft USA

Here is the list of top ten countries in Hurun Global Rich List 2020:

Rank Country Number of Billionaires
1 China 799
2 USA 626
3 India 137
4 Germany 122
5 UK 119
6 Russia 91
7 Switzerland 88
8 Brazil 69
9 Thailand 57
10 France 51

Important Days

13. World NGO Day observed globally on 27 February

World NGO Day is observed globally on 27 February. The day aims to raise awareness about the Non-Governmental Organisation (NGO) sector. The day is observed every year to encourage people worldwide who are involved and dedicatedly working for a good cause. The day highlights the achievements and success of NGOs from all the sectors across the globe. The day makes people understand the role of NGOs in society.

Important takeaways for all competitive exams:

  • United Nations Development Programme  Headquarters: New York, United States.
  • United Nations Development Programme Head: Achim Steiner.
  • United Nations Development Programme  Founded: 22 November 1965.


14. CBSE has launched an Exam center locator app “CBSE ECL”

The Central Board of Secondary Education has launched an Exam center locator app “CBSE ECL” as well as an Online Exam Center Management System “OECMS”. The “CBSE ECL” is a mobile application which helps the students to locate their examination center and see the distance between current location and examination center.

Check More Gk Updates Here

Watch below video for Current Affairs of 27 February 2020:

Register to get Study Material and Updates for RBI Assistant Mains

All the Best BA’ians for SBI Clerk Prelims!


Download success!

Thanks for downloading the guide. For similar guides, free study material, quizzes, videos and job alerts you can download the Adda247 app from play store.

Thank You, Your details have been submitted we will get back to you.

Forgot Password?

Sign Up
Forgot Password
Enter the email address associated with your account, and we'll email you an OTP to verify it's you.

Reset Password
Please enter the OTP sent to