03rd November 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

Here is the Daily GK Update of 03rd November 2021 covering the following news headlines: Uttam Beej portal, National Sports Awards 2021, SpaceX, Rujna Zora chess tournament, ‘Blue Flag 2021.

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 is held all day long. One should have complete knowledge about banking terms, current affairs news, etc. So, here is the GK update of 03rd November 2021 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

Top 10 Daily GK Updates: National & International News

Here is providing below the top 10 important Daily General Knowledge GK 2021 updates with national & international news.

State News

1. Haryana Govt launched ‘Uttam Beej portal’

• Chief Minister (CM) of Haryana, Manohar Lal Khattar has launched the ‘Uttam Beej portal’ which will benefit the farmers of Haryana by providing quality seeds with transparency.
• The portal will provide transparency in the seed production programme arranged by both the Government and private seed producing agencies and ensure the quality of certified seeds.
• This seed portal has been linked with Meri Fasal Mera Byora Portal and Family Identity Card ID. Meri Fasal Mera Byora Portal offers particulars to all these farmers who’ve land or who’ve given their land on contract and should promote their crop.
• Farmers will now get good high-quality seeds, which can improve their manufacturing and revenue. Along with authorities businesses, non-public visa businesses will even should register.

Important takeaways for all competitive exams:

• Haryana Capital: Chandigarh;
• Haryana Governor: Bandaru Dattatreya;
• Haryana Chief Minister: Manohar Lal Khattar.

2. National Tribal Dance Festival 2021 held in Chhattisgarh

• Chhattisgarh has observed the annual 2nd National Tribal Dance Festival 2021 at Raipur’s Science College ground as a part of the tourism development plan of the state.
• It was inaugurated by the Chief Minister (CM) of Jharkhand Hemant Soren and CM of Chhattisgarh Bhupesh Baghel. This year’s event was clubbed with Chattisgarh’s Rajyotsava (state foundation day- November 1, 2021).
• The festival will host artists belonging to diverse tribal communities from countries including Uzbekistan, Nigeria, Sri Lanka, Uganda, Syria, Mali, Palestine, and the Kingdom of Eswatini.
• The artists from tribal areas of Bastar, Dantewada, Koriya, Korba, Bilaspur, Gariabandh, Mainpur, Dhura, Dhamtari, Surguja and Jashpur in Chhattisgarh will represent their culture and traditions through their dance forms.

Important takeaways for all competitive exams:

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

Appointments News

3. Arun Chawla named as Director-General of FICCI

• Industry chamber Federation of Indian Chambers of Commerce & Industry (FICCI) named Arun Chawla as its new director-general. He will assume charge with immediate effect.
• He joined FICCI in 2011 and is currently the deputy secretary-general of the chamber. He joined the Federation of Indian Chambers of Commerce & Industry in 2011 and is currently the deputy secretary-general of the chamber.

Important takeaways for all competitive exams:

• FICCI Founded: 1927;
• FICCI Headquarters: New Delhi;
• FICCI President: Uday Shankar;
• FICCI Secretary General: Dilip Chenoy.

Banking News

4. Axis Bank signed MoU with Indian Navy to offer ‘Power Salute’

• Axis Bank signed an MoU with the Indian Navy to offer a defence service salary package under ‘’Power Salute’’ at New Delhi. Through the agreement, the bank will provide several benefits to all ranks of Indian Navy veterans and cadets.
• ICICI Bank also renewed its MoU with the Indian Army to offer enhanced benefits and new features through its ‘Defence Salary Account’ (DSA) to all serving as well as retired Army personnel.
• Major benefits included under “Power Salute” are an accidental cover up to INR 56 lakh, children education grants up to INR 8 lakh, total permanent disability cover up to INR 46 lakh, partial permanent disability cover of up to INR 46 lakh and air accidental cover of INR 1 crore, zero processing fee and 12 EMI (Equated Monthly Installment) waivers on the home loan.

Important takeaways for all competitive exams:

• Axis Bank Founded: 3 December 1993;
• Axis Bank Headquarters: Mumbai;
• Axis Bank MD & CEO: Amitabh Chaudhary;
• Axis Bank Chairperson: Shri Rakesh Makhija.

5. RBI named Bandhan Bank as agency bank

• The Reserve Bank of India has now appointed Bandhan Bank as an Agency Bank of the RBI to conduct government business.
• Bandhan Bank now joins several other private banks that have been empanelled as an Agency Bank of the RBI.
• Bandhan Bank will now be authorised to handle transactions related to GST, VAT and the collection of state taxes.

Business News

6. IREDA launches ‘Whistle Blower’ portal

• The Indian Renewable Energy Development Agency Ltd. (IREDA) has launched a ‘Whistle-blower Portal’ as a part of the celebration of ‘Vigilance Awareness Week 2021’.
• The portal was launched by Shri Pradip Kumar Das, Chairman & Managing Director (CMD), IREDA on November 02, 2021.
• The Whistle-blower Portal has been developed by the IT Team of the company and will help the IREDA employees to raise concerns related to fraud, corruption, abuse of power among other things.
• The IREDA is a PSU under the Ministry of New & Renewable Energy (MNRE) established as a Non-Banking Financial Institution.

Important takeaways for all competitive exams:

• IREDA Headquarters location: New Delhi;
• IREDA Founded: 11 March 1987.

Defence News

7. IAF participated in International Exercise ‘Blue Flag 2021

• A total of 84 Indian Air Force (IAF) personnel took part in the international multilateral combat exercise Blue Flag 2021, along with IAF’s Mirage 2000 aircraft squadron at Israel’s Ovda Airbase.
• The theme of Blue Flag 2021: Integration of fourth and fifth-generation aircraft in complex operational scenarios.
• The exercise involves Air Force missions from 8 countries, to share knowledge and combat experience to improve operational capabilities.
• The other seven countries that have participated in the exercise include the US, UK, Germany, France, Italy, Greece, and Israel.

Important takeaways for all competitive exams:

• Israel Capital: Jerusalem;
• Israel Currency: Israeli Shekel;
• Israel Prime Minister: Naftali Bennett;
• Israel President: Isaac Herzog.

Science and Technology News

8. SpaceX sets up subsidiary in India

• World’s richest person Elon Musk-owned SpaceX has incorporated its wholly-owned subsidiary in India to start local broadband operations.
• SpaceX’s satellite broadband arm Starlink aims to start broadband services in India from December 2022, with 2 lakh active terminals subject to permission from the government.
• The company is charging a deposit of USD 99 or Rs 7,350 per customer and claims to deliver data speeds in the range of 50 to 150 megabits per second in the beta stage.
• The services of the company will compete with that of Reliance Jio, Bharti Airtel, Vodafone Idea in broadband and it will be a direct competitor to Bharti Group-backed OneWeb. The company is keen to work in rural areas for providing broadband services.

Important takeaways for all competitive exams:

• SpaceX founder & CEO: Elon Musk.
• SpaceX Founded: 2002.
• SpaceX Headquarters: California, United States of America.

Awards News

9. National Sports Awards 2021 announced

• The National Sports Awards for the year 2021 were announced by the Ministry of Youth Affairs & Sports. President of India Shri Ramnath Kovind will felicitate the awardees on November 13, 2021.
• The National Sports Awards are given every year to recognize and reward excellence in sports. Given below is the list of selected sportsperson who will receive these awards this year.

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Sports News

10. Indian GM P Iniyan won Rujna Zora chess tournament

• Indian Grandmaster (GM) P Iniyan has won the 5th Rujna Zora chess tournament held at Serbia.
• International Master (IM) Makarian Rudik of Russia finished 2nd and another Indian Player V S Raaghul finished 3rd and IM S. Nitin placed 4th.
• P Iniyan is the 16th Indian Grand Master from Erode, Tamil Nadu. His current International Chess Federation (FIDE) ratings is 2556.

Important takeaways for all competitive exams:

• International Chess Federation (FIDE) Founded: 1924 in Paris, France;
• International Chess Federation (FIDE) Headquarters: Lausanne, Switzerland;
• International Chess Federation (FIDE) President: Arkady Dvorkovich.