Table of Contents
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 28 February 2020 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.
National News
1. Bhubaneswar to host 24th Meeting of the Eastern Zonal Council
The 24th Meeting of the Eastern Zonal Council will be held in Bhubaneswar, Odisha. The Meeting of the Eastern Zonal Council will be chaired by the Union Minister for Home Affairs, Shri Amit Shah. Naveen Patnaik, the Chief Minister of Odisha will be the Vice-Chairman and host of the meeting.
Important takeaways for all competitive exams:
- Chief Minister of Odisha: Naveen Patnaik; Governor of Odisha: Ganeshi Lal.
2. Capacity Building Programme for Scheduled Tribe Pri Representatives
A Programme for Capacity Building of Scheduled Tribe Representatives in Local Self Governments has been launched in Bhubhaneswar, Odisha. The programme was launched by the Union Tribal Affairs Minister Shri Arjun Munda. “1000 Spring Initiatives” and an online portal on GIS-based Spring Atlas with hydrological and chemical properties of the Springs were also launched during the event. FRA Atlas of Odisha and short documentary film on FRA in Odisha were also released on the occasion.
Important takeaways for all competitive exams:
- Chief Minister of Odisha: Naveen Patnaik; Governor of Odisha: Ganeshi Lal.
International News
3. Sri Lanka withdraws from UN Rights Resolution
Sri Lankan Government formally notified the United Nations that it will withdraw from the UNHRC (United Nations Human Rights Council) resolution for investigating alleged war crimes. The case was dealing with a decade-old clash with Tamil separatists.
Important takeaways for all competitive exams:
- Currency of Sri Lanka: Sri Lankan rupee.
- President of Sri Lanka: Gotabaya Rajapaksa.
- Prime Minister of Sri Lanka: Mahinda Rajapaksa.
State News
4. Ravi Shankar Prasad inaugurates BSNL FTTH in Dehradun
Union Communications-Electronics IT Law and Justice Minister Ravi Shankar Prasad inaugurated BSNL Fiber to the home (FTTH) and WiFi services at Jolly Grant Airport in Dehradun. Free WiFi facility will now be available to passengers at Jolly Grant Airport. Travellers coming from India and abroad will get better facilities through these services.
Important takeaways for all competitive exams:
- Uttarakhand Chief Minister: Trivendra Singh Rawat; Governor: Baby Rani Maurya.
5. Maharashtra to conserve the native species of cattle through genetic study
Maharashtra government has decided to undertake the genetic study for the conservation of the native species of domesticated animals. The genetic study aims to conserve the native species of domesticated animals in the Marathwada region of Maharashtra.
Important takeaways for all competitive exams:
- Chief Minister of Maharashtra: Uddhav Thackeray; Governor: Bhagat Singh Koshyari.
Agreements
6. Xiaomi to bring ISRO’s NavIC technology to smartphones in 2020
Chinese tech major Xiaomi will bring ISRO’s Indian Regional Navigation Satellite System, NavIC technology to its smartphones. The capability has been currently enabled by Qualcomm Technologies Inc on several of their Qualcomm Snapdragon Mobile Platforms and will be made available across multiple Xiaomi smartphones in India.
Important takeaways for all competitive exams:
- ISRO Director: K. Sivan, Headquarters: Bengaluru; Established: 1969.
7. NTPC signs MoU with CPCB to set up air quality monitoring stations
The NTPC Ltd has signed an agreement with the Central Pollution Control Board (CPCB). According to an agreement, NTPC Ltd will provide financial support of Rs 80 Crore for installation and commissioning of Continuous Ambient Air Quality Monitoring Stations (CAAQMS).
Awards
8. Raja Ravi Varma Award 2020 conferred
The Raja Ravi Varma State Award was conferred on veteran painter from Kalaburagi, Prof. J.S. Khanderao (for the year 2019) and senior artist from Mumbai, Vasudev Kamath (2020). The award carries a cash prize of Rs.10,000 and a citation. Raja Ravi Varma State Award was instituted by Karnataka’s Shri Ravivarma Art Institute.
Important takeaways for all competitive exams:
- Governor of Karnataka: Vajubhai Vala.
- Chief Minister of Karnataka: BS Yediyurappa
- Karnataka Capital: Bengaluru.
9. Sreekar Prasad enters Limca Book of Records for editing films in 17 languages
Sreekar Prasad, a veteran editor has entered the Limca Book of Records for ‘films edited in the most number of languages’. Sreekar Prasad has received the certification from the Limca Records for editing films in 17 languages. The 17 languages includes: English, Hindi, Punjabi, Telugu, Malayalam, Kannada, Tamil, Odia, Sinhalese, Bengali, Assamese, Nepali, Pangchenpa, Karbi, Mishing, Bodo, and Marathi.
Defence
10. 6th Coast Guard Offshore Patrol Vessel “VAJRA” launched
The 6th Coast Guard Offshore Patrol Vessel (OPV) “VAJRA” has been launched in Chennai. The Coast Guard’s Offshore Patrol Vessel is expected to strengthen the efforts Indian Coast Guard in securing the vast coastline of over 7500 km, including an exclusive economic zone (EEZ) of over 20 lakh sq kms.
11. Rajnath Singh inaugurates new Helicopter Production Hangar at HAL
Defence Minister Rajnath Singh inaugurated the new Light Combat Helicopter (LCH) Production Hangar at Helicopter Division in Hindustan Aeronautics Limited (HAL) Complex at Bengaluru, Karnataka. LCH is a 5.5-tonne class combat helicopter designed and developed by HAL. It is powered by two Shakti engines and inherits many technical features of the Advanced Light Helicopter. LCH has the distinction of being the first attack helicopter to land in forwarding Bases at Siachen, 4,700 mts above sea level with 500kg load.
Banking
12. Aadhaar-enabled Payment System rolled out by Airtel Payments Bank
The Airtel Payments Bank has launched the Aadhaar-enabled Payment System (AePS). The facility has been launched by the payment bank at over 2,50,000 banking points across India.
13. External Benchmark Based Lending to Medium Enterprises
The Reserve Bank of India has directed all Scheduled Commercial Banks (excluding RRBs), all Small Finance Banks and all Local Area Banks to link all the new floating rate loans to medium enterprises with external benchmarks. The decision has been taken by the RBI to further strengthen the monetary policy transmission.
The floating rate loans shall be benchmarked to one of the following:
- Reserve Bank of India policy repo rate
- Government of India 3-Months Treasury Bill yield published by the Financial Benchmarks India Private Ltd (FBIL)
- Government of India 6-Months Treasury Bill yield published by the FBIL
- Any other benchmark market interest rate published by the FBIL.
Important takeaways for all competitive exams:
- RBI 25th Governor: Shaktikant Das; Headquarters: Mumbai; Founded: 1 April 1935, Kolkata.
14. Finance Secretary launches Baroda Startup Banking in 15 cities
Finance Secretary Rajiv Kumar inaugurated “Baroda Startup Banking”. It is an initiative aimed at making the Bank of Baroda (BoB) a preferred banking partner for the start-up community and establishing connect with at least 2,000 start-ups over the next two years. The initiative was launched simultaneously across 15 cities in the country.
Important takeaways for all competitive exams:
- Headquarters of Bank of Baroda: Vadodara, Gujarat.
- MD and CEO of Bank of Baroda: Sanjiv Chadha.
- Chairman of Bank of Baroda: Hasmukh Adhia.
- Tagline of Bank of Baroda: India’s International Bank.
Business
15. Bharti AXA General Insurance uses Whatsapp to deliver policy & renewal documents
Bharti AXA General Insurance, a private non-life insurer becomes the 1st company in India to use Whatsapp chatbot. Through this service, the company started delivering policies and renewal premium to its customers. It plans to sell the private car, two-wheeler and travel insurance through a WhatsApp chatbot.
Important takeaways for all competitive exams:
- Headquarters of Bharti AXA General Insurance: Mumbai, India.
- MD & CEO of Bharti AXA General Insurance: Sanjeev Srinivasan.
Summits and Conferences
16. Delhi hosts 91st Annual General Meeting of the ICAR Society
The 91st Annual General Meeting of the Indian Council of Agricultural Research (ICAR) Society was held in Delhi. The Annual General Meeting was chaired by the Union Minister for Agriculture & Farmers’ Welfare, Shri Narendra Singh Tomar.
Important takeaways for all competitive exams:
- President of Indian Council of Agricultural Research (ICAR) Society: Narendra Singh Tomar.
Important Days
17. National Science Day celebrated on 28th February across India
National Science Day is celebrated all over India on 28th February. On this day, Sir CV Raman had announced the discovery of the Raman Effect for which he was awarded the Nobel Prize in 1930. Government of India designated 28 February as National Science Day (NSD) in 1986. The theme for this year’s National Science Day is ‘Women in Science’.
18. India’s first ‘Protein Day’ being observed on 27 February
Right to Protein, a national-level public health initiative has launched India’s first ‘Protein Day’ on 27th February. The aim of the day is to draw public attention, raise awareness, and educate India on the health benefits of protein. The theme of India Protein Day 2020 is set to act as a reminder for all Indians to daily ask themselves and others “ProteinMeinKyaHai”.
Obituaries
19. Centenarian vedic scholar Sudhakar Chaturvedi passes away
Centenarian freedom fighter and Vedic scholar Sudhakar Krishna Rao, widely known as Sudhakar Chaturvedi passed away. He was born in a Madhva family and became a disciple of Swami Shraddhananda, the disciple of the founder of Arya Samaj Swami Dayananda. During the freedom struggle, he was associated with Mahatma Gandhi and been imprisoned in different jails across the country. He had penned about 50 books in Kannada, English and Sanskrit, which include 20 volumes of Veda translation in Kannada.
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