05th September 2020 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

Here is the daily GK update of 05th September 2020 covering the following news headlines: EnglishPro, I Rakhwali, RBI, Teachers Day, BRICS, Dwayne Bravo.

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 5th September 2020 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

National News

1. Union Minister of Education launches mobile app “EnglishPro”

• Union Minister of Education has launched a free mobile app named as “EnglishPro”.
• The mobile application has been developed by the English and Foreign Languages University, Hyderabad under University Social Responsibility (USR).
• This app will be “a useful digital tool” and will act as an educational resource for the teachers, students and for people from varied backgrounds.
• The first-of-its kind initiative by any university in the country, the mobile application “EnglishPro” will help learners in developing Indian English Pronunciation in the unique “Indian” way.
• In the near future, EFLU will also come up with more advanced versions of the mobile application to address the larger learner-needs.

State News

2. Punjab government rolls out ‘I Rakhwali’ App

• Punjab government has rolled out “I Rakhwali” App to ensure greenery and to protect the environment in Punjab.
• The development of app is state governments’ effort to supplement its drive to preserve and maintain the environment in Punjab and to make people stakeholders in the process.
• The ‘I Rakhwali’ App will also inspire people to plant more trees and become ‘Greenery Saviours’.
• The mobile application can also be used for reporting illegal felling of trees as well as any damage to forests, by bringing the matter to the notice of the concerned Forest Divisional Officer.
• Hence, the state will be able to safeguard its forest area by making people a stakeholder in this process.

Important takeaways for all competitive exams:

• Chief Minister of Punjab: Capt. Amarinder Singh; Governor: V.P. Singh Badnore.

Banking News

3. RBI releases revised Priority Sector Lending Guidelines

• The Priority Sector Lending (PSL) Guidelines have been reviewed by the Reserve Bank of India.
• The review was executed to align the PSL Guidelines with evolving national priorities.
• The new guidelines will make better credit penetration into credit deficient areas and increase the lending to small as well as marginal farmers and weaker sections.
• It will also enhance credit to renewable energy, and health infrastructure.
• In the revised PSL Guidelines, the Reserve Bank of India has included some fresh categories eligible for finance under priority sector. These include loans to farmers for installation of solar power plants; loans for establishment of Compressed Bio Gas (CBG) plants; and bank finance to start-ups of up to Rs 50 crore.

Some key features of revised PSL guidelines are as follows:

• To address the issue of regional disparities in the flow of priority sector credit, RBI has assigned higher weightage to incremental priority sector credit in ‘identified districts’ where priority sector credit flow is relatively low.
• The targets stipulated for “small and marginal farmers” as well as “weaker sections” are being increased in a phased manner.
• Credit limit has been raised for the Farmers Producers Organisations (FPOs)/Farmers Producers Companies (FPCs) undertaking farming with assured marketing of their produce at a pre-determined price.
• The loan limits for renewable energy have been doubled.
• The credit limit for health infrastructure (including those under ‘Ayushman Bharat’) has been doubled to improve the health infrastructure.

Important takeaways for all competitive exams:

• RBI 25th Governor: Shaktikant Das; Headquarters: Mumbai; Founded: 1 April 1935, Kolkata.

Important Days

4. India celebrates Teachers Day on 05th September

• India celebrates Teachers Day every year on 05th September to honour teachers for their significant contributions in shaping the life of students.
• The day is being celebrated in India to commemorate the birth anniversary of the First Vice President of India and the Second President of India and an educationist at heart, Dr. Sarvepalli Radhakrishnan.
• India is celebrating the Teachers Day on 05th of September since 1962.

5. International Day of Charity celebrated on 5 September

• United Nations celebrates the International Day of Charity globally on 05th September every year.
• The day is being celebrated to sensitize and mobilize people, NGOs, and stakeholders all around the world to help others via volunteer and philanthropic activities.
• The day also recognizes the role played by charity in reducing humanitarian crises and human suffering within and among nations.
• United Nations designated 05th September as the International Day of Charity to commemorate the anniversary of the passing away of Mother Teresa of Calcutta.
• Mother Teresa received the Nobel Peace Prize in 1979 for “work undertaken in the struggle to overcome poverty and distress, which also constitute a threat to peace.”

Important takeaways for all competitive exams:

• Secretary-General of United Nations: António Guterres.

Summits & Conferences

6. Prahlad Singh Patel virtually attends BRICS Culture Ministers’ Meet

• The 5th BRICS Culture Ministers’ Meeting was held under the chairpersonship of Russian Federation.
• India was represented by Union Minister of State (I/C) for Culture and Tourism Shri Prahlad Singh Patel in the 5th BRICS Culture Ministers’ Meet.
• The participants of the meeting deliberated on the impact of the epidemiological situation on the cultural sphere in the BRICS countries.
• It also reviewed the possible implementation of joint cultural online-projects within BRICS.
• The 5th BRICS Culture Ministers’ Meeting featured the participation of delegates from Culture Ministries of the Federative Republic of Brazil, the Republic of India, the People’s Republic of China, the Russian Federation, and the Republic of South Africa.

Important takeaways for all competitive exams:

• BRICS member countries are: Brazil, Russia, India, China and South Africa.

Books & Authors

7. UN Environment Programme launches “The Little Book of Green Nudges”

• A new publication “The Little Book of Green Nudges” has been launched by the United Nations Environment Programme.
• The newly launched publication seeks to encourage around 200 million students around the world to adopt environmentally friendly habits and greener lifestyles.
• “The Little Book of Green Nudges” is UNEP’s first on behavioural science and nudge theory. It concentrates on human actions and how to change them.
• The book comprises of 40 ready-made nudges- simple measures that make adoption of green choices much easier.
• These measures can be deployed by the universities to encourage students and staff to embrace more sustainable behaviours.

Important takeaways for all competitive exams:

• Executive Director of the UN Environment Programme: Inger Andersen.

Miscellaneous News

8. Ayushmann Khurrana appointed as Brand Ambassador of Bajaj Allianz Life

• Private life insurer, Bajaj Allianz Life Insurance Company Limited has appointed bollywood actor Ayushmann Khurrana as its brand ambassador.
• As the brand ambassador of the life insurer, actor will be promoting the products as well as the digital services of the Bajaj Allianz Life Insurance Company Limited.
• The bollywood actor is also set to feature in the upcoming campaign “Smart Living” of the private life insurer which encompasses its Term Plan “Smart protect Goal” and the newly digital service “Smart Assist” which collectively seeks to secure and enable its customer’s life goal amid these uncertain times.

Important takeaways for all competitive exams:

• MD & CEO of Bajaj Allianz Life Insurance Company Limited: Tarun Chugh.

9. Dwayne Bravo becomes cricket ambassador for “SBOTOP” sportsbook brand

• West Indies cricket icon Dwayne Bravo has become the first cricket ambassador for “SBOTOP” sportsbook brand.
• Isle of Man betting group Celton Manx has appointed the West Indies cricketer as the cricket ambassador for its flagship sportsbook.
• Dwayne Bravo has represented West Indies in all formats of the cricket.
• He has represented the country in 256 test matches and 120 one-day-internationals and is also considered as one of the best ever ‘all-rounders’ of the sport.

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