Here is the daily GK update of 30th May 2020 covering the following news headlines: Mukhyamantri Swarozgar Yojana, Rozgar Setu’, Indigo, GDP, Missile park.

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 30th May 2020 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

State News

1. U’khand govt starts “Mukhyamantri Swarozgar Yojana” for returnee migrants

Uttarakhand chief minister, Trivendra Singh Rawat has inaugurated the “Mukhyamantri Swarozgar Yojana” for returnee migrants. The project aims at giving self-employment opportunities to youth and a boost to reverse migration, especially entrepreneurs returning to Uttarakhand and encourage skilled and unskilled artisans, handicrafts and unemployed youths to start their own business. The scheme will offer credit facility through nationalised banks, scheduled commercial banks and cooperative banks.

Important takeaways for all competitive exams:

  • Uttarakhand state was formed: 9th November 2000
  • Capital of Uttarakhand: Dehradun.
  • Governor of Uttarakhand: Baby Rani Maurya.

2. MP govt starts ‘Rozgar Setu’ scheme for skilled workers

Madhya Pradesh Chief Minister, Shivraj Singh Chouhan has announced the launch of the ‘Rozgar Setu’ scheme. This scheme would help to secure employment for skilled workers who have returned to the state in the COVID-19 situation. The government of Madhya Pradesh launched a portal ‘MP Rojgar Setu Portal’ for the unemployed migrants to register and find jobs in the field related to their skills.

Appointments

3. Venkataramani Sumantran becomes new independent director of Indigo

Venkataramani Sumantran has been appointed the independent director of airline company IndiGo. He presently served as the chairman and managing director of Chennai-based Celeris Technologies. He will hold the post for the next five years.

Important takeaways for all competitive exams:

  • Indigo Airlines Headquarters: Gurugram, Haryana.
  • Indigo Airlines Established: 2006.

Economy

4. India’s GDP growth slows to 11-year low of 4.2%

National Statistical Office, under Ministry of Statistics and Programme Implementation, has estimated India’s gross domestic product (GDP) grew by 4.2 per cent in 2019-20 as compared to 6.1 per cent expansion in 2018-19, the slowest growth in GDP in 11 years. The earlier estimate by various arms of the government was 5 per cent growth in ‘19-20.

Defence News

5. Missile park “Agneeprastha” to be set up at INS Kalinga

The foundation stone for a missile park “Agneeprastha” was laid at INS Kalinga, Naval base in Visakhapatnam, Andhra Pradesh. The park ”Agneeprastha”once completed will be dedicated to all the officers, sailors and support staff of INS Kalinga, who has served in this premier op-support Base of the ENC since its establishment in 1981. A 2-megawatt solar photovoltaic plant was also commissioned at INS Kalinga by Vice Admiral Atul Kumar Jain. It is the largest plant in the Eastern Naval Command and has an estimated life of 25 years.

Summits & Conferences

6. Russia hosts BRICS Heads of Tax Authorities meet

The meeting of the Heads of Tax Authorities of the BRICS countries, namely Brazil, Russia, India, China and South Africa was held on 29 May. The meeting was hosted by the Federal Tax Service of Russia, which currently holds the BRICS Presidency, to discuss the response of BRICS Tax Authorities to the COVID-19 pandemic and to explore potential areas of cooperation in tax matters.

Important takeaways for all competitive exams:

  • Members of the BRICS: Brazil, Russia, India, China and South Africa.

Sports

7. SAI’s extends Sandip Pradhan tenure as DG for 2 year

The Ministry of Youth Affairs and Sports has extended the tenure of Sandip Pradhan as Director General of the Sports Authority of India (SAI) by two years. The extended tenure will come into effect from 6 June 2020. The Appointments Committee of the Cabinet has approved the proposal of Ministry of Youth Affairs and Sports for extension.

Important takeaways for all competitive exams:

  • Sports Authority of India Headquarters: Delhi.
  • Sports Authority of India Founded: 25 January 1984.

8. WADA hands 4 year bans to Kiranjeet Kaur for doping

India’s long-distance runner, Kiranjeet Kaur has been handed a four-year ban by World Athletics’ anti-doping body for testing positive for a banned substance (Enobosarm). She will be stripped of the gold medal she won at the Tata Steel Kolkata 25K. Her ban period begins from December 15 (2019), the date of in-competition sample collection. She was provisionally suspended by World Athletics on February 26.

Important takeaways for all competitive exams:

  • President of WADA: Sir Craig Reedie; Headquarters: Montreal, Canada.
  • Founded: 10 November 1999.

Important Days

9. International Everest Day: 29th May

International Everest Day is being observed on 29th May. Nepalese Tenzing Norgay and New Zealand’s Edmund Hillary had climbed the Mt. Everest on this day (29th May) in 1953, as the first humans to achieve the feat. Nepal decided to observe the day as International Everest Day since 2008 when the legendary climber Hillary passed away.

Obituaries

10. Rajya Sabha member M.P. Veerendra Kumar passes away

Rajya Sabha (RS) MP from Kerala and Loktantrik Janata Dal (LJD) Leader, writer and journalist,  M.P. Veerendra Kumar passed away. He was born on July 22, 1936, at Kalpetta, Wayanad district, Kerala. He was a recipient of the Sahitya Academy award.

11. Veteran lyricist Yogesh Gaur passes away

Veteran lyricist Yogesh Gaur passed away. He wrote the lyrics of hit songs “Kahin duur jab din dhal jaye” and “Zindagi kaisi hai paheli” that defined the superhit film Anand (1971). He got his first break as a lyricist with the film Sakhi Robin (1962), in which he wrote six songs. He also wrote songs for films like Chhoti Si Baat (1976), Baton Baton Mein (1979), Manzil (1979), Rajnigandha (1974) and many more.

12. Renowned astrologer Bejan Daruwalla passes away

Renowned astrologer, Bejan Daruwalla passed away. His name figured among the 100 great astrologers of the last 1,000 years in ‘The Millennium Book of Prophecy’, published by Harper Collins. His astrological predictions were keenly followed by millions of people in the country.

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All the Best BA’ians for RBI Assistant Mains!

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.

Appointments

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.

Sports

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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All the Best BA’ians for RBI Assistant Mains!

Here is the daily GK update of 28th May 2020 covering the following news headlines: IIT Madras, NPCI, WhatsApp chatbot, Airtel Payments Bank, Fitch.

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 28th May 2020 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

Banking News

1. NPCI rolls out AI virtual Artificial Intelligence assistant PAi

An Artificial Intelligence (AI) based chatbot “PAi” has been launched by the National Payment Corporation of India (NPCI). This chatbot has been rolled out to create awareness around NPCI’s products such as FASTag, RuPay, UPI, AePS on a real time basis, hence improving the digital financial inclusion in India. The chatbot “PAi” has been developed by Bengaluru based startup CoRover Private Limited.

Important takeaways for all competitive exams:

  • Founder & CEO of CoRover: Ankush Sabharwal.
  • MD & CEO of National Payments Corporation of India: Dilip Asbe.

Business News

2. RIL rolls out WhatsApp chatbot to address rights issue queries

Reliance Industries Ltd (RIL) has launched a “WhatsApp chatbot” to address rights issue queries of its 2.6 million shareholders on the offering. With a task of executing massive Rs 53,125 crore rights issue amid a nationwide lockdown, RIL has turned to WhatsApp Chatbot which has been developed by Jio Haptik Technologies.

Important takeaways for all competitive exams:

  • Chairman & Managing Director of Reliance Industries Ltd: Mukesh D. Ambani.

3. Airtel Payments Bank team up with Mastercard for farmers, SMEs

Airtel Payments Bank has collaborated with Mastercard to create customised financial products for Indian farmers and Small and Medium Enterprises (SMEs). These financial products particularly for those territories where there is less access to bank administrations. The coordinated effort will unite Mastercard’s worldwide and nearby involvement with developing advanced financial solutions and Airtel Payments Bank’s circulation system to arrive at the last mile and its large customer base.

Important takeaways for all competitive exams:

  • Airtel Payments Bank Headquarters: New Delhi.
  • Airtel Payments Bank MD and CEO: Anubrata Biswas.
  • Mastercard Headquarters: New York, U.S.
  • Mastercard President and CEO: Ajaypal Singh Banga.

4. SEBI imposes penalty of Rs 7 lakh on NHAI

The National Highways Authority of India (NHAI) has been penalised with amount of Rs 7 lakh by the Securities and Exchange Board of India (SEBI). SEBI has imposed the penalty on NHAI for delay in disclosing half yearly financial results between FY16 and FY19. The penalty has been imposed on the basis of SEBI’s listing obligation and disclosure norms (LODR) according to which half yearly results have to be filed within 45 days from the end of the half year.

Important takeaways for all competitive exams:

  • Chairman of Securities and Exchange Board of India: Ajay Tyagi; Headquarter: Mumbai.
  • Chairman of National Highways Authority of India: Sukhbir Singh Sandhu.

Economy News

5. Fitch forecasts India’s GDP growth rate to contract 5% in FY21

Amid Novel Coronavirus pandemic, rating agency Fitch Ratings has released its its latest Global Economic Outlook (GEO). In its Global Economic Outlook, the rating agency has forecasted the GDP growth rate of the world and individual countries.

6. S&P forecasts Indian economy to contract 5% in FY21

S&P Global Ratings has slashed India’s GDP growth rate to 5% in the Fiscal Year 2021. The reduction in the growth rates has been made due to slump in the economic activities in the whole country amid lockdown imposed to contain Covid-19 pandemic.

Agreements/ MoUs

7. Flipkart signs MoU with Karnataka Mango Board to support mango farmers

India’s leading web-based business commercial centre Flipkart has signed a Memorandum of Understanding (MoU) with Karnataka State Mango Department and Marketing Corporation, to empower mango farmers to sell their produce online. This association will give farmers the genuinely necessary market access to shoppers, making a potential income stream during these testing times of coronavirus.

Important takeaways for all competitive exams:

  • Flipkart established: October 2007; Headquarter of Flipkart: Bengaluru.
  • Chief Executive Officer (CEO) of Flipkart: Kalyan Krishnamurthy.

Appoinments

8. Marcos Troyjo elected as next President of NDB

Marcos Troyjo has been elected as next President of New Development Bank (NDB). He was unanimously elected during the Special Board of Governors meeting of the NDB which was held through the video-conference. He will be taking charge as the President of NDB from July 7, 2020. India was represented by the Union Minister of Finance & Corporate Affairs Nirmala Sitharaman in the video-conference. Anil Kishora from India has been elected as next Vice President and CRO of the NDB.

Important takeaways for all competitive exams:

  • President of New Development Bank: K. V Kamath.
  • Vice President and CRO of New Development Bank: Sarquis J. B. Sarquis.

9. SN Rajeswari becomes new CMD of Oriental Insurance Company

New India Assurance, General Manager, SN Rajeswari, has been selected as the Chairman and MD of the Oriental Insurance Company (OIC) by Banks Board Bureau (BBB). She will replace AV Girija Kumar, who retiring this month end after reaching 60. BBB had conducted virtual interviews of five senior general managers of the public sector general insurance industry, with two years of residual services untill May 2022,to select a CMD of OIC.

Important takeaways for all competitive exams:

  • OIC Headquarters: New Delhi.
  • OIC Founded: 12 September 1947.

Defence

10. IAF inducts Tejas Mk-1 FOC aircraft in Squadron “Flying Bullets”

Tejas Mk-1 FOC aircraft has been inducted by the Indian Air Force (IAF) into the recently resurrected No 18 Squadron the “Flying Bullets” at Air Force Station Sulur. Tejas Mk-1 FOC is a single engine, light weight, highly agile and all weather multi role fighter aircraft. The aircraft is capable of air-to-air refueling and hence makes the Squadron the first in the IAF to induct this platform.

Sports

11. Sri Lanka’s Shehan Madushanka suspended after heroin arrest

Sri Lankan fast bowler, Shehan Madushanka has been suspended from all forms of cricket with immediate effect for alleged possession of heroin. The decision to suspend will stand until the board conducts a full inquiry of the matter.

Important takeaways for all competitive exams:

  • President of Sri Lanka: Gotabaya Rajapaksa.
  • Prime Minister of Sri Lanka: Mahinda Rajapaksa.
  • Capital of Sri Lanka: Sri Jayawardenepura Kotte.
  • The currency of Sri Lanka:  Sri Lankan rupee.

Books and Authors

12. JK Rowling to release her latest book “The Ickabog”

The “Harry Potter” author, JK Rowling will release her latest book, “The Ickabog”, online for free, for the children during this lockdown period. The Ickabog’ is a story about truth and the abuse of power.

Obituaries News

13. Padma Shri awardee, Urdu Writer Mujtaba Hussain passes away

Noted Urdu author, humorist and satirist Mujtaba Hussain passed away. He was born on July 15, 1936, in Hyderabad, Telangana. Hussain was described as the Mark Twain of Urdu. He began his literary career from “Siasat”, a leading Urdu daily published from Hyderabad.

14. Former Tamil Nadu footballer Shanmugam passes away

Former Tamil Nadu footballer and coach R. Shanmugam passed away. Shanmugam, who was born in Burma in 1943, represented the Burmese junior and senior national teams in 1966-67.

Miscellaneous News

15. IIT Madras creates light-weight alloy to replace steel, aluminium in cars

Indian Institute of Technology Madras (IITM), partnered with the University of North Texas and United States Army lab, have developed a magnesium alloy to replace the steel and aluminium in the automobile industry to reduce the carbon footprint and increase fuel efficiency.

Important takeaways for all competitive exams:

  • IIT Madras Director: Bhaskar Ramamurthi.
  • IIT Madras Established: 1959.

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All the Best BA’ians for RBI Assistant Mains!

Here is the daily GK update of 27th May 2020 covering the following news headlines: NGMA, Facebook, Indian Army, NASA, Madhya Pradesh.

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 27th May 2020 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

National News

1. Webinar on “Van Dhan Scheme: Learnings for post COVID-19”

The Department of Science and Technology, Government of Rajasthan has organized a webinar on “Van Dhan Scheme: Learnings for post COVID-19” in assciation with TRIFED, under the Know Your Scheme-Lecture Series. TRIFED has partnered with UNICEF to initiate “Van Dhan Samajik Doori Jagrookta Abhiyaan” under which tribals will be provided with relevant information regarding COVID-19 along with several guidelines, nationwide and state-specific webinars and instructions on safety measures to be followed.

2. 440 metre-long Tunnel under Chardham Pariyojana in Chamba inaugurated

Union Minister for Road Transport, Nitin Gadkari has inaugurated the 440 metre-long tunnel as part of the Chardham Connectivity Project in Chamba. It will significantly reduce the time taken by travellers on the Rishikesh-Dharasu and Gangotri stretch of the Chardham Highway (NH 94). The tunnel has been developed by the Border Roads Organisation (BRO).

Important takeaways for all competitive exams:

  • Minister of State in the Ministry of Road Transport and Highways: V. K. Singh.

3. Rehabilitation package for Amphan hit West Bengal & Odisha

Rehabilitation package for the “Cyclone Amphan” hit West Bengal & Odisha was announced by the Government of India. As part of rehabilitation package, the financial assistance of Rs 1,000 crore for cyclone hit West Bengal, and Rs 500 crore for Odisha was announced for immediate relief activities in the two states. Along with financial assistance, an ex-gratia of Rs 2 lakh for the next of kin of the dead, and Rs 50,000 for the injured was also announced.

Important takeaways for all competitive exams:

  • Chief Minister of Odisha: Naveen Patnaik; Governor: Ganeshi Lal.
  • Chief Minister of West Bengal: Mamata Banerjee; Governor: Jagdeep Dhankhar.

4. ‘Hunar Haat’ to restart from Sept 2020 with theme “Local to Global”

Flagship programme of Ministry of Minority Affairs  ‘Hunar Haat’ will restart with the theme of “Local to Global” from September 2020. It is a platform for artisans and craftsmen from various parts of the country to showcase their art and craft and provides employment and employment opportunities to more than five lakh Indian artisans, craftsmen, culinary experts and other people associated with them in the last five years.

Important takeaways for all competitive exams:

  • Minister of Minority Affairs: Mukhtar Abbas Naqvi
  • Minister of State in the Ministry of Minority Affairs: Kiren Rijiju.

Business News

5. LIC launches “PM Vaya Vandana Yojana” for senior citizens

Life Insurance Corporation of India (LIC) has announced the launch of modified Pradhan Mantri Vaya Vandana Yojana, a social security scheme for senior citizens. This plan starts from May 26 for three financial years up to March 31, 2023. The policy term is of 10 years and for policies sold during the first financial year up to March 31, 2021, the scheme will provide an assured rate of return of 7.40 per cent once a year payable monthly (which is like 7.66 per cent per annum) for the whole duration of 10 years.

Important takeaways for all competitive exams:

  • Head office of LIC: Mumbai, Maharashtra.
  • Chairman of LIC: M R Kumar.
  • LIC Established: 1 September 1956.

Agreements/ MoUs

6. PFC partners with NBPCL to fund various projects in Madhya Pradesh

Power Finance Corporation (PFC), the central PSU under Ministry of Power has signed an MoU with Narmada Basin Projects Company Ltd. (NBPCL), a wholly-owned company of Govt. of Madhya Pradesh, to fund various power projects to be executed in the State of Madhya Pradesh. The projects will include the setting up of hydroelectric projects of 225 MW along with power components of 12 other major multipurpose projects to be executed in Madhya Pradesh.

Important takeaways for all competitive exams:

  • Chairman & Managing Director of Power Finance Corporation: Rajeev Sharma.
  • Managing Director of Narmada Basin Projects Company Ltd.: I.C.P. Keshari.
  • Chief Minister of Madhya Pradesh: Shivraj Singh Chouhan; Governor: Lal Ji Tandon.

Awards & Rewards

7. Rajiv Joshi wins NYIPLA Inventor of the year Award 2020

Rajiv Joshi has bagged the prestigious NYIPLA “Inventor of the Year award” for the year 2020 for his contribution to advancing the electronic industry and improving artificial intelligence (AI) capabilities. This award is presented by the New York Intellectual Property Law Association (NYIPLA). He works at the IBM Thomson Watson Research Center in New York.

Important takeaways for all competitive exams:

  • NYIPLA President: Colman B. Ragan.
  • NYIPLA Established: March 7, 1922.

8. Major Suman Gawani to be honoured with UN Military Gender Advocate Award

Indian Army officer Major Suman Gawani is going to be awarded the UN Military Gender Advocate of the Year 2019. She was stationed in South Sudan under the United Nations Mission. Recently she has completed her mission. The award is going to be presented to Major Suman Gawani and Brazilian military officer Commander Carla Monteiro de Castro Araujo during a web ceremony chaired by UN Secretary-General Guterres on May 29, the International Day of the United Nations Peacekeepers.

Appointments

9. PK Nair becomes new Indian Ambassador to Niger

Government of India has announced the appointment of Prem K Nair as Indian Ambassador to the Republic of Niger. He will replace Rajesh Agarwal.

Important takeaways for all competitive exams:

  • Capital of Niger: Niamey.
  • The currency of Niger: West African CFA franc.
  • President of Niger: Mahamadou Issoufou.

Science & Technology

10. NASA renamed its telescope after ‘Mother of Hubble’ Nancy Grace Roman

The National Aeronautics and Space Administration (NASA) has renamed its next-generation space telescope “Wide-Field Infrared Survey Telescope (WFIRST)” in honour of Nancy Grace Roman. Nancy Grace Roman is the US space agency’s first chief astronomer, who paved the way for space telescopes focused on the broader universe. The newly named Nancy Grace Roman Space Telescope will help in research of long-standing astronomical mysteries, like the force behind the universe’s expansion and look for distant planets beyond our system.

Important takeaways for all competitive exams:

  • The administrator of the National Aeronautics and Space Administration (NASA): Jim Bridenstine.
  • Headquarters of NASA: Washington D.C., United States.

Defence News

11. Army Commanders’ Conference commences in New Delhi

The Army Commanders’ Conference has commenced in New Delhi. It is an apex level biannual event that was earlier scheduled to be held in April 2020, but was postponed due to COVID-19 pandemic. In the first phase of Army Commanders’ Conference, the apex level leadership of Indian Army will deliberate on various aspects pertaining to operational and administrative issues including studies pertaining to logistics and human resources.

Obituaries News

12. Classical musician Shyamala Bhave passes away

Classical musician Shyamala G. Bhave who was having an equal command over Hindustani as well as Carnatic music, passed away. She had also composed music in India’s first Sanskrit serial titled “Kadambari”. The renowned vocalist was honoured with title of “Ubhaya Gaana Vidushi (expert in both styles)” and also composed music for some films, including the first Sanskrit film “Adi Shankaracharya”.

Miscellaneous News

13. Facebook launches calling application “CatchUp”

A calling application named as “CatchUp” has been launched by the social media major Facebook to coordinate call timings with friends and family members, and will enable users to check availability of time with a group of up to eight people. With the help of calling application “CatchUp”, the user will be able to indicate the availability to talk and call other users, and will enable other users to do the same and chose a common time for the call. The users will be able to avail the services of this calling application with their existing Facebook account.

Important takeaways for all competitive exams:

  • Chief Executive Officer of Facebook: Mark Zuckerberg.
  • Facebook Headquarters: California, US.

14. NGMA commemorates 115th Birth Anniversary of Ramkinkar Baij

The National Gallery of Modern Art (NGMA) organised a virtual tour to commemorate the 115th Birth Anniversary of iconic artist Ramkinkar Baij. The virtual tour was titled as “Ramkinkar Baij | Journey through silent transformation and expressions” and was conducted in five different themes namely:Portrait, Life Study, Abstract & Structural Composition, Nature Study & Landscape, Sculptures. Ramkinkar Baij was the one of the most seminal artists of modern India. He was honoured with the Padma Bhushan Award by the Government of India in 1970, for his irrefutable contribution to Indian art.

Important takeaways for all competitive exams:

  • Director General of National Gallery of Modern Art: Adwaita Charan Gadanayak.

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Here is the daily GK update of 26th May 2020 covering the following news headlines: UPDF, IDRC, NavRakshak, Khudol, WHO, IOC.

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 26th May 2020 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

National News

1. India handsover war game centre named as “INDIA” to UPDF

India has handover the war game centre named as “INDIA” to Uganda Peoples Defence Forces (UPDF). The state of the art military training facility was handover by the Indian Association Uganda (IAU), in association with the Indian Military Advisory and Training Team to the UPDF. Gen. Yoweri Kaguta Museveni, President of the Republic of Uganda inaugurated the war game centre “INDIA” that was conceptualised by the Indian Military Team and built by the IAU in Jinja district, at a cost of over 1 billion Ugandan shillings or $2,65,000. The Ugandans of Indian origin made voluntary contributions for the establishment of war game centre.

2. Former SC judge, A K Sikri inaugurates IDRC

Former Supreme Court judge Justice, A K Sikri has inaugurated the Indian Dispute Resolution Centre (IDRC) in New Delhi. The centre provides a completely paperless dispute resolution environment. The centre offers offline also as e-alternate dispute resolution (ADR) facility through its state-of-the-art e-arbitration, e-meditation and e-conciliation software portal.

Important takeaways for all competitive exams:

  • Chairman of IDRC: Mehar S Rathi.
  • Head Office of IDRC: New Delhi.

3. Indian Navy formed “NavRakshak” breathable PPE kit

Indian Navy has formed “NavRakshak” PPE kit with innovative breathable fabric material. This PPE kit provides comfort to healthcare workers working against COVID-19 pandemic wearing multi-layered coverall PPE treating patients within the hot and humid condition for quite 12 hours.

Important takeaways for all competitive exams:

  • Chief of Naval Staff: Admiral Karambir Singh.

4. GoI launches initiatives towards Conservation of Biodiversity

During the virtual celebration of the International Day for Biological Diversity 2020, the Government of India launched key initiatives towards Conservation of Biodiversity.

To read the complete detail of the article: Click Here

5. Manipur’s “Khudol” listed among the top 10 global initiatives

Manipur’s “Khudol” has been listed among the top 10 global initiatives for an inclusive fight against the COVID-19 pandemic. The listing of the initiative among the top 10 global initiatives was done by the United Nations Secretary-General’s Envoy on Youth. “Khudol” initiative was launched by an Imphal-based NGO “Ya_All”.

Important takeaways for all competitive exams:

  • Ya_All is an Imphal-based NGO which was founded in 2017 to organise mental health workshops.
  • Founder of Ya_All: Sadam Hanjabam.
  • United Nations Envoy on Youth: Jayathma Wickramanayake.

Agreements 

6. REC Limited & TajSATS to provide meals to frontline healthcare workers

REC Limited has partnered with TajSATS, a joint venture of IHCL and SATS Ltd, to provide nutritious meals to frontline healthcare workers. Both entities are leading the mission to provide meals to the medical staff in key government hospitals along with poor daily wage labourers across the nation. Over 18,000 meals are planned to be delivered in New Delhi through this initiative.

7. WHO & IOC team up to improve health through sport

The World Health Organization (WHO) and the International Olympic Committee (IOC) has signed an agreement to work together to promote health through sport and physical activity. They have teamed up to fight the battle against Covid-19.

The agreement that has been signed will focus on some of the key areas:

  • To strengthen collaboration between Health ministry and sports ministry.
  • To promote grassroots and community sports programmes.
  • To strengthening the legacy of the Olympics and Paralympics.
  • To advocacy for physical activity.

Business News

8. “Zaggle” partners “Visa” for innovative payment solutions for SMEs

In order to launch innovative payment solutions for small and medium enterprises (SMEs) and startups, a Fintech startup Zaggle has partnered with payments technology major “Visa”. Both the companies will work towards enhancing the productivity and efficiency of the SMEs and startups. They will also automate the processes and reduce the costs simultaneously focusing on easy and faster credit. The faster credit would be made available through a unique card which will have forex, prepaid along with credit.

Summits and Conferences

9. Raksha Mantri Rajnath Singh chairs SIDM MSMEs E-conclave

Micro, Small and Medium Enterprises (MSMEs) E-conclave was chaired by the Raksha Mantri Rajnath Singh. The virtual conference of MSMEs E-conclave was organised jointly by the Department of Defence Production, Confederation of Indian Industry (CII) and Society of Indian Defence Manufacturers (SIDM).

Important takeaways for all competitive exams:

  • President of Society of Indian Defence Manufacturers (SIDM): Jayant D Patil
  • Director General of Confederation of Indian Industry (CII): Chandrajit Banerjee.

Sports

10. American tennis star Jamie Hampton announces retirement

American tennis player Jamie Hampton has proclaimed that she is taking retirement from the professional tennis. Former World Top 25 player played her last official match 6 yrs ago when she was ranked 24th in the world. The right hander player then suffered numerous injuries and was unable to play against Venus Williams in the semi finals of ASB Classic in Auckland in 2014.

Important Days

11. International Missing Children’s Day: 25th May

International Missing Children’s Day is observed globally on 25th May every year. This day is observed for missing children who have found their way home, remember those that are victims of crime, and continue efforts to seek out those that are still missing. 25 May is now widely referred to as Missing Children’s Day, with the forget-me-not flower as its emblem.

Important takeaways for all competitive exams:

  •  ICMEC Headquarters: Alexandria, Virginia, US; Chairman of ICMEC: Dr Franz B. Humer.

12. World Thyroid Day celebrated on 25 May

World Thyroid Day is observed globally on 25 May every year. The main purpose of the WTD is to aware of the importance of Thyroid and the prevention and treatment of thyroid diseases. This day is established in 2008 as a part of the campaign led by European Thyroid Association (ETA) and the American Thyroid Association(ATA) followed by Latin American Thyroid Society(LATS) and Asia Oceania Thyroid Association (AOTA) to commemorate the patients with Thyroid diseases and doctors and physicians who treat them.

Obituaries

13. Japanese Pro wrestler Hana Kimura passes away

Japanese professional wrestler, Hana Kimura passed away. She won her first title at the Japan Pro-Wrestling (JWP) Junior plate in 2016 and joined Stardom in 2019. According to the report, she became a target of online bullying over her role on the “Terrace House” show on Netflix.

14. Bollywood actor Mohit Baghel passes away

Bollywood actor Mohit Baghel passed away due to cancer. He starts his career with the comedy show “Chote Miyaan”. He was best known for playing Amar Chaudhary in superstar Salman Khan’s “Ready”.

15. Former Inter coach Gigi Simoni passes away

Former Inter Milan coach, Gigi Simoni, who led a Ronaldo-inspired team to UEFA (Union of European Football Associations) Cup glory in 1998, passed away. He was an Italian football official, player & manager. He was awarded the Panchina d’Oro as the best Italian coach.

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Here is the daily GK update of 24th and 25th May 2020 covering the following news headlines: MoHFW, ReStart Package, Aritz Aduriz, FICCI Ladies Organization.

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 24th and 25th May 2020 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

National News

1. MoHFW constitutes committee to reform Drug Regulatory System

The Ministry of Health and Family Welfare (MoHFW) has constituted a committee to reform the Drug Regulatory System. The committee comprises of 11 members including the senior health officials, scientists and representatives of the pharmaceutical industry and is headed by Rajesh Bhushan. It has been tasked to examine the current drug regulatory system and to give recommendations for reforms in order to bring the system more efficient and to streamline it with global standards.

Important takeaways for all competitive exams:

  • Union Minister of Health and Family Welfare: Harsh Vardhan.

State News

2. Andhra Pradesh government releases 1st tranche of “ReStart Package”

Andhra Pradesh government has released the 1st tranche of “ReStart Package” to help the lockdown-hit Micro, Small and Medium Enterprises (MSMEs) to reopen and become functional. The first tranche is of Rs 450 crore which will be used in clearing the pending industrial incentives that would benefit nearly 98,000 units. Under the “ReStart Package”, government will waive of all the minimum power demand charges of MSMEs of the months of April, May and June, and will provide input capital of Rs 200 crore to the firms at low-interest rates in order to bring the MSMEs back on rails. This will be done by providing loans in partnership with the Small industrial Development Bank of India at a low-interest rate.

Important takeaways for all competitive exams:

  • Chief Minister of Andhra Pradesh: YS Jagan Mohan Reddy; Governor: Biswa Bhusan Harichandan.

3. Mizoram Cabinet grants “Industry” status to “Sports”

The Mizoram Cabinet has granted “industry” status to “sports” to invest more in sports in order to generate employment and increase value. Giving the industry status to sports would also ensure sustainability, proper registration as well as management of sports. With this move, the sports and its infrastructure will be eligible to avail the facility of subsidy, loan and assistance from the private and government sources.

Important takeaways for all competitive exams:

  • Chief Minister of Mizoram: Pu Zoramthanga; Governor: P.S. Sreedharan Pillai.

Appointments

4. Jahnabi Phookan appointed as National President of FLO

FICCI Ladies Organization (FLO) has appointed Assam-based entrepreneur Jahnabi Phookan as its National President. As a National President, she will work towards empowering women with entrepreneurship capabilities and professional excellence. FICCI FLO works towards women’s economic empowerment and represents over 8,000 women entrepreneurs and professionals across 17 chapters nationally.

5. Abhas Jha becomes World Bank’s Practice Manager for Climate Change

Abhas Jha has been appointed as the World Bank’s Practice Manager for Climate Change and Disaster Risk Management for South Asia and will be responsible to nurture, lead, inspire and position a team of highly qualified professionals to provide the best solutions for South Asian countries. During his tenure, he will work along with other Practice Managers, Global Leads as well as the Global Solutions Groups to incubate, pilot and scale-up innovative and high-quality development solutions.

Important takeaways for all competitive exams:

  • President of World Bank: David Malpass.
  • Headquarter of World Bank: Washington DC.

Obituaries

6. Indian hockey legend Balbir Singh Dosanjh passes away

Former Indian hockey player Balbir Singh Dosanjh who was a part of three-time Olympic gold medal-winning Indian hockey team, i.e. in London Olympics (1948), Helsinki Olympics (1952), and Melbourne Olympics (1956), passed away. Balbir Singh Dosanjh was the only Indian among 16 legends who were chosen by the International Olympic Committee across modern Olympic history. He has also an unbeaten record of scoring most goals by an individual in the men’s hockey final of the Olympics, under his name.

7. Australian tennis star Ashley Cooper passes away

Australian tennis star Ashley Cooper passed away. His career concluded in 1959 after suffering from a back injury. He won four Grand Slam singles titles including the Australian, Wimbledon and U.S. championships in 1958. He was also the administrator of the game for a long period.

Sports

8. Spanish football player Aritz Aduriz announces retirement

Spanish football player and Athletic Bilbao striker Aritz Aduriz has announced his retirement citing medical reasons. He has won 13 caps for Spain and also become the Spain’s oldest goalscorer in 2016, scoring at the age of 35 years and 275 days. He has scored 141 goals in 296 appearances for Bilbao and has also represented Real Valladolid, Real Mallorca and Valencia.

Important Days

9. World Turtle Day celebrated on 23 May

World Turtle Day is being celebrated every year on 23 May every year by American Tortoise Rescue, a nonprofit organization. The day was created as an annual observance to help people celebrate and protect turtles and tortoises as well as their disappearing habitats around the world.

Important takeaways for all competitive exams:

  • Founders of American Tortoise Rescue: Susan Tellem and Marshall Thompson.
  • American Tortoise Rescue is located in Malibu, California.
  • American Tortoise Rescue was founded in 1990.

10. International Day to End Obstetric Fistula observed on 23 May

The United Nations observes International Day to End Obstetric Fistula on 23 May every year. The day is being observed to significantly raise awareness and intensify actions towards ending obstetric fistula, as well as urging post-surgery follow-up and tracking of fistula patients. The theme for International Day to End Obstetric Fistula 2020 is “End gender inequality! End health inequities! End Fistula now!”.

Important takeaways for all competitive exams:

  • Secretary-General of United Nations: António Guterres.

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Here is the daily GK update of 23rd May 2020 covering the following news headlines: USA, Import Duty, PPE, Hydroxychloroquine, CBSE.

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 23rd May 2020 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

National News

1. Defence Ministry approves procurement of 26 defence items from local suppliers

The Department of Defence Production (DDP), Ministry of Defence in an attempt to further encourage procurement from local suppliers to boost ‘Make in India’, has given approval to 26 defense items out of 127 already notified clause 3(a) of the Public Procurement ( Preference to Make in India) order 2017. The government will make individual budgetary provisions for procuring Indian made defense equipment to help reduce the defense import bills & boost the Make In India scheme.

Important takeaways for all competitive exams:

  • Defense Minister: Rajnath Singh
  • Minister Of State: Shripad Yesso Naik

2. CBSE handbooks on Cybersecurity for Students launched by HRD

Union HRD Minister Ramesh Nishank has released three handbooks name: ‘Cyber safety – A handbook for students’; ‘In pursuit of Excellence’ and ‘21st Century skills’, by the CBSE based on the measures taken by the board to adopt value-based global standards of education.

Important takeaways for all competitive exams:

  • Ramesh ‘Pokhriyal’ Nishank Constituency: Haridwar, Uttarakhand.

3. ICMR Revised Advisory on the use Of Hydroxychloroquine

The Indian Council of Medical Research has revised its advisory on the use of HCQ (Hydroxychloroquine).  According to the new advisory, the HCQ is only permitted and should only be given on the prescription of a registered medical practitioner. Three new categories has been included to whom HCQ shall be prescribed as prophylactic treatment which are: Asymptomatic Health care workers, Asymptomatic frontline workers employed in containment zones, Paramilitary and police personnel.

4. India became 2nd largest manufacturer of PPE in the world

India has become the second-largest manufacturer of Personal Protective Equipment in the world following China which is currently leading producer of PPE in the world. A PPE kit basically consists of shoe cover, gloves, eye shield, mask, and gown. The data given above was provided by the Ministry of Health.

Important Takeaways:

  • Minister of Health and Family Welfare: Harsh Vardhan
  • Constituency: Chandini Chowk, Delhi

5. Lok Sabha Passed Mineral Law Amendment Bill

Lok Sabha has passed the Mineral Laws (Amendment) Bill, 2020 which aims to amend Mines and Minerals (Development and Regulation) Act, 1957 along with Coal Mines (Special Provisions) Act, 2015. Commercial mining will completely be open up in the coal sector by this bill and it also intends to remove end-use restrictions to participate in coal mine auction.

6. Import duty on Green Energy Equipment Increased by 20%

Finance Minister Nirmala Sitharaman has increased the import duty of green energy equipment like cells by 20% in the Budget 2020-21. The aim is to drive local manufacturing of the equipment and lowering the import of low-quality Chinese equipment.

Important takeaways for all competitive exams:

  • Finance Minister Of India: Nirmala Sitharaman.

International News

7. USA withdraws from Open Skies treaty

The Treaty on Open Skies was signed in 2002 and recently US President Donald Trump has announced that the USA is to withdraw from Open Skies treaty accusing that Russia has not stuck to its part of the deal. This is the third international arms pact inline from which the US has pulled out since Donald Trump become President.

Important Static for all competitive examination:

  • Effective‎: ‎1 January 2002
  • Ratifiers‎: ‎35
  • Location‎: ‎Helsinki

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Here is the daily GK update of 22nd May 2020 covering the following news headlines: IGNOU, Airtel Africa, Chhattisgarh, RBI, Konark.

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 22nd May 2020 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

National News

1. IGNOU’s “Online Master’s Programme in Hindi” launched by HRD Minister

Union HRD Minister Shri Ramesh Pokhriyal ‘Nishank’ has launched the IGNOU’s Online Master’s Programme in Hindi via Facebook Live session. This programme is expected to strengthen “Padhe India Online” initiative. IGNOU has also launched various other programmes namely: MA in Gandhi and Peace Studies, BA in Tourism Studies, certificate course in Arabic, certificate in information technology, certificate programme in Library and Information Science.

Important takeaways for all competitive exams:

  • Union Minister of Human Resources Development: Ramesh Pokhriyal ‘Nishank’.

2. NTPC & ONGC partners to set up JVC for Renewable Energy Business

A Memorandum of Understanding (MoU) has been signed by NTPC Limited, and Oil and Natural Gas Corporation Limited (ONGC) to form a Joint Venture Company for Renewable Energy business. This partnership will enable both the companies to accelerate their mark in the field of Renewable Energy as the two companies will explore the setting up of offshore wind and other Renewable Energy Projects in India as well as overseas. This tie-up will increase NTPC’s Renewable Energy capacity addition program and also the presence of ONGC in the Renewable Power business.

Important takeaways for all competitive exams:

  • Chairman & Managing Director of NTPC Limited: Gurdeep Singh.
  • Chairman & Managing Director of Oil and Natural Gas Corporation Limited: Shashi Shanker.

International News

3. Airtel Africa & UNICEF partners to support children & families affected by COVID-19

UNICEF and Airtel Africa has partnered to support children & families affected by COVID-19. The partnership aims to provide children with access to remote learning and enable access to cash assistance for their families through mobile cash transfers. Airtel Africa will zero-rate the selected websites which are hosting educational content and will provide children with remote access to digital content at no cost. The partnership will benefit the children and families in 13 countries in sub-Saharan Africa namely: Zambia, Congo, Nigeria, Gabon, Kenya, Madagascar, Malawi, Niger, Rwanda, Tanzania, Democratic Republic of the Congo, Uganda and Chad.

Important takeaways for all competitive exams:

  • Chief Executive Officer of Airtel Africa: Raghunath Mandava.
  • Executive Director of UNICEF: Henrietta H. Fore.

States News

4. “Rajiv Gandhi Kisaan Nyay Yojana” launched in Chhattisgarh

Chhattisgarh government has launched “Rajiv Gandhi Kisan Nyay Yojana”, a farmer centered scheme that aims to stimulate the rural economy in the state, amid the COVID-19 pandemic. Under the “Rajiv Gandhi Kisaan Nyay Yojana”, Chhattisgarh government will inject Rs 5100 crore into the state’s rural economy by directly transferring the grant amount into the farmers’ accounts via Direct Benefit Transfer.

Important takeaways for all competitive exams:

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

5. Uttar Pradesh governement rolls out ‘UP Start-up Fund’

Uttar Pradesh government has set up ‘UP Start-up Fund’ to support the registered start-up ventures present across different verticals in Uttar Pradesh. An MoU has been signed between the Uttar Pradesh government and the Small Industries Development Bank of India, and the fund will be managed by SIDBI. Initial contribution of Rs 15 crore has been made to the fund. This fund will take part in Securities and Exchange Board of India (SEBI) approved Alternative Investment Funds and would not be invested directly into start-ups.

Important takeaways for all competitive exams:

  • Chief Minister of Uttar Pradesh: Yogi Aditya Nath; Governor: Anandiben Patel.

Economy News

6. RBI’s MPC reduces Policy Repo Rate to 4.00%

In view of the COVID-19 pandemic, the Reserve Bank of India’s Monetary Policy Committee (MPC) decided to advance the Bi-monthly Monetary Policy meet which was scheduled to be held on 03rd June 2020 and the announcement was meant to be made on 05th June 2020. The meeting was advanced to 20th, 21st and 22nd May 2020. During the Monetary Policy meet, the MPC reduced the policy repo rate to revive growth as well as to mitigate the impact of COVID-19.

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Business News

7. “iTurmeric Fincloud” platform launched by Intellect Design Arena 

“iTurmeric FinCloud” is a cloud-ready, API-first, microservices-based platform which has been launched by the Intellect Design Arena Ltd, a full spectrum banking and insurance products company. This platform has been launched through IBM public cloud and enable the new digital banks’ systems to be tested and run in isolation or in parallel with core legacy systems. The platform comprises of various facilities such as retail banking, lending, origination, and corporate banking API.

Important takeaways for all competitive exams:

  • Chairman & Managing Director of Intellect Design Arena Limited: Arun Jain.

Schemes and Committees

8. Centre launches scheme to solarise Konark sun temple & Konark town

A scheme has been launched by the central governemnt for complete solarization of Konark Sun Temple and Konark town in Odisha to develop the historical Sun Temple town of Konark as Surya Nagri. As a part of scheme, 10 Mega Watt grid connected solar project along with various solar off-grid applications such as solar trees and solar drinking water kiosks would be set up in the area. For the execution of project, Government of India will provide a 100% Central Financial Assistance (CFA) support of around Rs 25 Crores through Ministry of New & Renewable Energy.

Important takeaways for all competitive exams:

  • Chief Minister of Odisha: Naveen Patnaik; Governor: Ganeshi Lal.
  • Ministers of State for New and Renewable Energy: Raj Kumar Singh.

Important Days

9. International Day for Biological Diversity celebrated on 22 May

The United Nations celebrates International Day for Biological Diversity on 22 May every year to raise awareness about the issue of significant reduction in biological diversity due to certain human activities. Theme for International Day for Biological Diversity 2020 is “Our solutions are in nature”.

Important takeaways for all competitive exams:

  • Secretary-General of United Nations: António Guterres.

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Here is the daily GK update of 21st May 2020 covering the following news headlines: Indian Railways, Didi Vehicle Service, Mee Annapurna, Indian Steel Association.

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 21st May 2020 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

National News

1. Indian Railways operationalised its 1st 12,000 hp electric Locomotive- WAG12

Indian Railways has operationalised its 1st 12,000 hp electric Locomotive- WAG12. The loco is named WAG12 with Number 60027. This Locomotive has manufactured by Madhepura Electric Loco Factory in Bihar. This locomotive has been put into operation by Indian Railways from Pandit Deen Dayal Upadhyaya Junction.

Important takeaways for all competitive exams:

  • Union Minister of Railways: Piyush Goyal.
  • Minister of State of Railways: Angadi Suresh Channabasappa.

State News

2. “Didi Vehicle Service” launched in Madhya Pradesh

“Didi Vehicle Service” has been launched by the women of Rural Livelihood Mission in the tribal-dominated Jhabua district of Madhya Pradesh. Didi Vehicle Service has been launched for rural women for the safe delivery, hence proving to be a lifeline for pregnant rural women in tribal areas. The vehicle under the “Didi Vehicle Service” will also be available for other emergency services.

Important takeaways for all competitive exams:

  • Chief Minister of Madhya Pradesh: Shivraj Singh Chouhan; Governor: Lal Ji Tandon.

3. “Mee Annapurna” initiative launched in Maharashtra

“Mee Annapurna” initiative has been launched in Maharashtra by an IRDA licensed insurance intermediary “Integrated Risk Insurance”. This initiative has been launched by Integrated Risk Insurance as a part of its commitment as a Corporate Social Responsibility towards the welfare of the farmers and agriculture community in Maharashtra. This initiative is based on three commandments namely: Expertise, Engagement and Entitlement.

Important takeaways for all competitive exams:

  • Chief Minister of Maharashtra: Uddhav Thackeray; Governor: Bhagat Singh Koshyari.

Appointments

4. Dilip Oommen becomes new President of Indian Steel Association

Indian Steel Association (ISA) has appointed Dilip Oommen as its new President. He is presently the CEO of Arcelor Mittal Nippon Steel India. He was unanimously appointed as President for the next two years. He will replace Tata Steel CEO TV Narendran, who stepped down as President on May 1. Oommen is a veteran of the steel industry with more than 37 years of experience and an alumnus of Indian Institute of Technology, Kharagpur (IIT-K).

Important takeaways for all competitive exams:

  • Indian Steel Association Headquarters: New Delhi.
  • Indian Steel Association Established: 2014.

5. Govinda Rajulu Chintala appointed as chairman of NABARD

The Appointments Committee of the Union Cabinet has appointed Govinda Rajulu Chintala as the Chairman of National Bank for Agriculture and Rural Development (NABARD). He is presently serving as the Chief General Manager at NABARD and will remain on the post till his superannuation in July 2022. Presently, Dr. Harsh Kumar Bhanwala is serving as the Chairman of NABARD.

6. Carmen Reinhart appointed as Chief Economist of World Bank Group

World Bank Group has appointed Carmen Reinhart as its new Vice President and Chief Economist. Her appointment will be effective from June 15, 2020. She was a Senior Policy Advisor and Deputy Director at the IMF and Vice President and Chief Economist of the investment bank Bear Stearns.

7. Dr Harsh Vardhan to take charge as chairman of WHO Executive Board

Union Minister of Health and Family Welfare, Dr Harsh Vardhan will take charge as the chairman of the World Health Organization (WHO) 34-member Executive Board. He will replace Dr Hiroki Nakatani of Japan. The WHO is governed by two decision-making bodies, the World Health Assembly and the Executive Board.

Important takeaways for all competitive exams:

  • Headquarters of WHO: Geneva, Switzerland.
  • Director-general of WHO: Tedros Adhanom.

Agreements

8. DGDE & eGov Foundation partners for Online Management of Cantonment Boards

The Directorate General Defence Estates (DGDE), Ministry of Defence and eGov Foundation has inked an Memorandum of Understanding (MoU) for Online Management of Cantonment Boards. Both entities will work together to drive e-governance and enhance citizen services across all cantonment boards in the country. These services will be delivered under a cloud-based platform DIGIT (Digital Infrastructure for Governance, Impact & Transformation). These services will be provided under the program named e-Chhawani.

Important takeaways for all competitive exams:

  • Chief Executive Officer of eGov Foundation: Viraj Tyagi.
  • Director General Defence Estates: Smt Deepa Bajwa.

Business News

9. Flipkart partners with Bajaj Allianz for digital motor cover

An e-commerce major, Flipkart and Bajaj Allianz General Insurance Company have tied-up to offer a digital motor insurance policy to Flipkart’s customers. This partnership between the insurance company and an e-commerce major, will provide seamless, accessible as well as flexible insurance solution to the customers of Flipkart in order to safeguard their vehicles.

Sports News

10. NADA provisionally suspends powerlifters Savita Kumari & Ankit Shishodia

Two Indian Powerlifters namely Savita Kumari & Ankit Shishodia have been provisionally suspended by the National Anti Doping Agency (NADA). The powerlifters have been provisionally suspended for violating the anti-doping rules.

Important takeaways for all competitive exams:

  • Director General of National Anti Doping Agency: Navin Agarwal.
  • The National Anti Doping Agency was established by the Government of India, with the objective of acting as the independent Anti-Doping Organization for India having a vision of dope free sports.

Important Days

11. International Tea Day observed globally on 21st May

International Tea Day is observed globally May 21 on the recommendation of India. The purpose of International Tea Day is to try to improve the condition of tea producers and tea workers. Tea producing countries make a lot of profit but the condition of the labourers working in the tea plantations is very bad. Therefore, the purpose of International Tea Day is to encourage the status of tea workers, workers’ rights, daily wages, social security, employment security, and health.

Important takeaways for all competitive exams:

  • Food and Agriculture Organization Director-General: QU Dongyu.
  • Food and Agriculture Organization Headquarters: Rome, Italy.
  • Food and Agriculture Organization Founded: 16 October 1945.

12. World Day for Cultural Diversity for Dialogue and Development: 21 May

World Day for Cultural Diversity for Dialogue and Development is observed globally on 21 May every year. The purpose of the day is to deepen the understanding of the values of cultural diversity and to advance the four goals of the UNESCO Convention on the Protection and Promotion of the Diversity of Cultural.

Important takeaways for all competitive exams:

  • Director-General of UNESCO: Audrey Azoulay.
  • UNESCO formation: 4 November 1946.
  • UNESCO headquarters: Paris, France.

13. World Metrology Day observed globally on 20th May

World Metrology Day is observed globally on 20th May every year. Many nations on this day, internationally collaborate to create awareness about metrology and its advancement in the respective field. This year theme for World Metrology Day: Measurements for global trade. This theme was chosen to create awareness of the important role measurement plays in facilitating fair global trade, ensuring products meet standards and regulations, and satisfying customer quality expectations.

Important takeaways for all competitive exams:

  • International Organization of Legal Metrology Headquarters: Paris, France.
  • International Organization of Legal Metrology Founded: 1955.

14. Anti Terrorism Day 2020: 21st May

Anti Terrorism Day 2020 is observed on 21st May every year in India. The day marks the death anniversary of India’s seventh Prime Minister Rajiv Gandhi on 21 May 1991. He was killed in Tamil Nadu in a campaign by the Tamil Tigers Eelam (LTTE) a terrorist group. After this assassination, V.P. Singh government has decided to observe 21st May as Anti Terrorism Day.

Miscellaneous

15. J&K launches an initiative “SUKOON – COVID-19 Beat the Stress”

Department of Information and Public Relations, J&K has started an initiative “SUKOON – COVID-19 Beat the Stress” programme. This initiative spread awareness about the psychological impact of lockdown and measures to be adopted to overcome them.

Important takeaways for all competitive exams:

  • Lieutenant Governor Jammu and Kashmir: Girish Chandra Murmu.

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Here is the daily GK update of 20th May 2020 covering the following news headlines: WHO, Lesotho, China, Ruskin Bond, Cyclone Amphan, Rail-Bot.

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 20th May 2020 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

National News

1. Mobile App “National Test Abhyas” launched by Union HRD Ministry 

A new mobile application called “National Test Abhyas” has been launched by the Ministry of Human Resources Development. The application which has been developed by the National Testing Agency will help the candidates to take mock tests for exams such as JEE Mains, NEET, etc. The main aim of the application is to help students during the closure of educational institutions.

Important takeaways for all competitive exams:

  • Union Minister of Human Resources Development: Ramesh Pokhriyal ‘Nishank’.

2. India gives $2 million aid to UN agency for Palestinian refugees’ welfare

India has provided USD 2 million aid for the United Nations Relief and Works Agency working for the welfare of Palestinian refugees. This aid is given for UNRWA core programmes and services, including education and health, amidst the coronavirus crisis. India has increased the annual contribution to the UNRWA from USD 1.25 million (Rs. 9.45 crore) to USD 5 million  (Rs. 37 crore) in 2019. The contribution was presented to the United Nations agency by the Representative of India (ROI) to the State of Palestine, Sunil Kumar.

Important takeaways for all competitive exams:
  • United Nations Relief and Works Agency Headquarters location: Amman, JordanUnited
  • Nations Relief and Works Agency  Commissioner-General: Christian Saunders

International News

3. WHO will initiate Independent Inquiry in handling of COVID-19

The World Health Organisation will initiate the Independent Inquiry in the handling of COVID-19. To achieve this, WHO will launch “Resolution on COVID-19 response”. The main aim of the review is to put an end to the international blame game in the origin of COVID-19. Around 116 countries backed the resolution of independent review. India backed the resolution. The idea of the resolution was initiated by Australia. However, the resolution was drafted by the European Union.

Important takeaways for all competitive exams:

  • Headquarters of WHO: Geneva, Switzerland.
  • Director-general of WHO: Tedros Adhanom.

4. Prime Minister of Lesotho,  Thomas Thabane resigns

Thomas Thabane has formally resigned as the Prime Minister of Lesotho. Thabane and his current wife are suspected of conspiring to murder his former wife nearly three years ago. Lesotho’s Finance Minister Moeketsi Majoro has been named by parliament as the interim Prime Minister of the country.

Important takeaways for all competitive exams:

  • Lesotho is the southern African mountain kingdom.
  • Lesotho Capital: Maseru.
  • Lesotho Currency: Lesotho loti.

5. China announces USD 2 billion help at WHO assembly

China has announced to provide USD 2 billion over two years to fight the coronavirus pandemic at WHO assembly with an aim of supporting COVID-19 response efforts, particularly in developing countries. The decision comes after, when China faced growing global pressure over the lockdowns, the death toll and a huge increase in coronavirus cases that has brought the world to a standstill. WHO announced the coronavirus outbreak to be a worldwide health emergency on January 30 which was further declared as a pandemic on March 11, after the virus had killed thousands globally.

Important takeaways for all competitive exams:

  • China Capital: Beijing; Currency of China: Renminbi.
  • President of China: Xi Jinping.

Awards & Rewards

6. Vice Admiral Vinay Badhwar wins Alexander Dalrymple Award 2019

Vice Admiral Vinay Badhwar, the National Hydrographer to the government of India, has been honoured with the 2019 Alexander Dalrymple Award for his outstanding contribution to Indian hydrography and across the broader Indian Ocean region. The award was presented by the UK Ministry of Defence. The recipients of the award are selected by the chief Committee of the UK Hydrographic Office( UKHO) for his or her efforts in raising the standards of hydrography, cartography and navigation around the world.

Important takeaways for all competitive exams:

  • Chief of the Naval Staff (CNC): Admiral Karambir Singh.
  • Director of International Hydrographic Organisations: Abri Kampfer (South Africa) & Mustafa Iptes (Turkey).
  • International Hydrographic OrganisationsEstablished: 1921.
  • International Hydrographic Organisations Headquarters: Monaco.

Books & Authors

7. Ruskin Bond’s new book released in an e-book format

Ruskin Bond’s new book titled ‘Hop On: My Adventures on Boats, Trains and Planes’ was released on his 86th Birthday in an e-book format. The book presents its readers with a number of the author’s hilarious journeys and travel adventures. The illustrations for Ruskin Bond’s new book has been done by Samrat Halder.

Important Days

8. World Bee Day observed globally on 20th May

World Bee Day is observed globally on 20th May every year to acknowledge the role of bees and other pollinators for the ecosystem. About 33% of the world’s food production depends on bees thus they are vital for the preservation of biodiversity, ecological balance in nature and helpful in reducing pollution. To mark the day, a virtual event was held under the theme “Bee Engaged”. The day was observed for the first time in year 2018.

Important takeaways for all competitive exams:

  • Food and Agriculture Organization Director-General: QU Dongyu.
  • Food and Agriculture Organization Headquarters: Rome, Italy.
  • Food and Agriculture Organization Founded: 16 October 1945.

Miscellaneous News

9. Cyclone Amphan intensifies into Super Cyclone

Cyclone Amphan intensified into a super cyclone with wind speed above 200 kmph and moved further towards North-Northeastwards over West Central Bay. It is the first super cyclone to hit the region in the last two decades since a super cyclone-hit Odisha in 1999 causing widespread damage and loss of life. India Meteorological Department has warned of heavy rain in Odisha and West Bengal under its impact.

10. ‘Rail-Bot’ developed by SCR to provide better health care to COVID-19 patients

South Central Railway zone has developed a robotic device named as “RAIL-BOT” (R-BOT) to assist in the functions of hospital management to provide better health care to the COVID-19 patients. It will be used to supply medicines, medical accessories and to serve food to the patients, without any need for physical contact. The R-BOT holds sensor-based features to read the blood heat of patients and transmit an equivalent for display on Mobile phones.

Important takeaways for all competitive exams:

  • Headquarters of South Central Railway zone: Rail Nilayam, Secunderabad.
  • General-Manager of South Central Railway: Gajanan Mallya.

11. Ladakh becomes COVID-19 free after recovery of all active cases

The Union Territory, Ladakh has become corona virus free as the region have not reported any fresh case since 3rd May 2020. A total of 43 cases of Coronavirus were reported in Ladakh till now and all the confirmed cases have recovered from the COVID-19.

Important takeaways for all competitive exams:

  • Lieutenant Governor of Ladakh: Radha Krishna Mathur.

12. Lata Mangeskar sings “JAYTU BHARATAM” song for Atma Nirbhar Bharat

Legendary singer Lata Mangeskar has sung a song titled as JAYTU BHARATAM saluting the spirit of Atma Nirbhar Bharat. More than 200 singers have sung the song including Anuradha Paudwal, Kavita Krishnamurthy, Shaan, Udit Narayan, Pankaj Udas, Alka Yagini, Rekha, Asha Bhonsle, SP Balasubrahmanyam, Shankar Mahadevan, Sonu Nigam and Kailash Kher.

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