Table of Contents
Here is the daily GK update of 09th October 2020 covering the following news headlines: Jewar Airport, Centre of Excellence, IRCTC, NABARD, Amazon, AMFI.
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 09th October 2020 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.
International News
1.Jordan’s King Abdullah II appointed Bishr al-Khasawneh as PM
- King of Jordan, Abdullah II ibn Al Hussein has appointed Bishr al-Khasawneh, policy advisor to the king, as new Prime Minister of the country.
- His appointment comes after King Abdullah II ibn Al Hussein accepted the resignation of Prime Minister Omar al Razzaz.
- Capital of Jordan: Amman.
- The currency of Jordan: Jordanian dinar.
State News
2. UP government signs agreement with Zurich Airport for Jewar Airport
- The Uttar Pradesh government has signed a concession agreement with representatives of Zurich Airport International for designing, building and operating Noida International Airport at Jewar for a period of 40 years.
- The airport will be developed as a Public-Private Partnership (PPP) and is scheduled to open in 2024.
- The ‘concession agreement’ for the Greenfield airport, estimated to cost Rs 29,560 crores, was inked between the Uttar Pradesh government’s agency and the Yamuna International Airport Private Limited (YIAPL), a special purpose vehicle floated by the Zurich Airport for the project.
Important takeaways for all competitive exams:
- Chief Minister of Uttar Pradesh: Yogi Aditya Nath; Governor: Anandiben Patel.
3. Meghalaya Govt partners with Israel to set up ‘Centre of Excellence’
- Meghalaya government has entered into a partnership with Israel to establish a one of a kind Centre of Excellence(CoE) on high-value vegetables in the state to improve and promote the livelihoods of farmers.
- CoE is important for tapping the diverse biodiversity and available resources in the state in terms of its soil and agro-climatic condition.
Important takeaways for all competitive exams:
- Meghalaya Chief Minister: Conrad Sangma.
- Meghalaya Governor: Satya Pal Malik.
- Meghalaya Capital: Shillong.
- Israel Capital: Jerusalem
- Israel Currency: Israeli Shekel
- Israel Prime minister: Benjamin Netanyahu
Agreement News
4. Amazon India ties up with IRCTC to start online train ticket bookings
- Amazon India has partnered with ‘Indian Railway Catering and Tourism Corporation’ (IRCTC), to provide its customers with the facility to book reserved train tickets on Amazon.
- With this launch, the e-commerce company’s digital payments arm Amazon Pay adds another travel category, thereby offering its customers a one-stop-shop for booking flights, bus and train tickets.
Important takeaways for all competitive exams:
- Amazon Founder: Jeff Bezos.
- Amazon Founded: 5 July 1994.
- Amazon Headquarters: Seattle, Washington, United States.
5. NABARD inks 3 MoUs with SBI to extend credit support
- National Bank for Agriculture and Rural Development (NABARD) has inked three Memorandum of Understanding (MoU) with State Bank of India (SBI) to extend credit support for various NABARD projects.
- The MoUs were signed for financing joint liability groups, Self-Help Groups-support credit inflows to Farmer Producers’ Organizations and economic support for watershed development projects.
- These will help in providing credit support to the different sections of the society including the priority sector.
Important takeaways for all competitive exams:
- State Bank of India Chairman: Dinesh Kumar Khara.
- State Bank of India Headquarters: Mumbai, Maharashtra.
Appointment News
6. CMD of J&K Bank, R.K. Chhibber gets another 6 months extension by RBI
- Reserve Bank of India (RBI) has extended the term of Rajesh Kumar(R.K.) Chhibber as Chairman and Managing Director (CMD) of Jammu & Kashmir Bank for another 6 months, effective from October 10, 2020, or till the appointment of Managing Director(MD) and Chief Executive Officer(CEO), whichever is earlier.
- Prior to this, he got an extension of 3 months with effect from July 10, 2020.
Important takeaways for all competitive exams:
- Jammu & Kashmir(J&K) Bank Headquarters: Srinagar, Jammu & Kashmir.
7. Nilesh Shah re-elected as Chairman of AMFI
- Nilesh Shah has been re-elected as the Chairman of Association of Mutual Funds in India (AMFI).
- He was earlier elected as the Chairman for 2019 – 2020. Nilesh Shah would also continue as the ex-officio Chairman of AMFI Financial Literacy Committee, being the Chairman of AMFI.
- These decisions were taken by AMFI, the industry body of SEBI-registered mutual funds at its Board Meeting.
Important takeaways for all competitive exams:
- CEO of Association of Mutual Funds in Indian: S. Venkatesh.
Banking News
8. RBI’s 3rd Bi-Monthly Monetary Policy Statement 2020-21 Released
- The Monetary Policy Committee of the Reserve Bank of India met on 7th, 8th and 9th October for its third meeting of 2020-21.
- Reserve Bank of India (RBI) governor Shaktikanta Das has announced crucial policy decisions at the Bank’s 3rd bi-monthly monetary policy.
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Economy
9. World Bank expects India’s GDP to contract by 9.6% in FY-21
- The World Bank projected India’s GDP to contract by 9.6% this FY-21, which is reflective of the national lockdown and the income shock experienced by households and firms due to the COVID-19 pandemic.
- The World Bank earlier in June had estimated the Indian economy to shrink by 3.2% in the current fiscal.
- The World Bank recently released its report titled ‘South Asia Economic Focus’, noting that the country’s economic situation is much worse than ever seen before.
- The report also forecasted a sharper than expected economic slump across the South Asian region, with regional growth expected to contract by 7.7% in 2020, after topping 6% annually in the past five years. Regional growth is projected to rebound to 4.5% in 2021.
Awards News
10. Nobel Prize in Peace 2020 announced
- The Norwegian Nobel Committee has decided to award the Nobel Peace Prize for 2020 to the World Food Programme (WFP).
- The World Food Programme is the world’s largest humanitarian organization addressing hunger and promoting food security.
- In 2019, the WFP provided assistance to close to 100 million people in 88 countries who are victims of acute food insecurity and hunger.
Important Days
11. World Post Day: 9 October
- World Post Day is observed on 9th October every year. The purpose of World Post Day is to create awareness of the role of the postal sector in people’s and businesses’ everyday lives and its contribution to the social and economic development of countries.
- World Post Day is celebrated each year on 9 October, the anniversary of the establishment of the Universal Postal Union in 1874 in the Swiss Capital, Bern.
- It was declared World Post Day by the UPU Congress held in Tokyo, Japan in 1969.
- Since then, countries across the world participate annually in the celebrations. Posts in many countries use the event to introduce or promote new postal products and services.
Obituaries
12. Union Minister Ram Vilas Paswan passes away
- Union minister of consumer affairs, food and public distribution, Ram Vilas Paswan passed away.
- He was born on 5 July 1946. He was also the president of the Lok Janshakti Party, eight-time Lok Sabha member and current Rajya Sabha MP.
- Ram Vilas Paswan started his political career as a member of Samyukta Socialist Party and was elected to the Bihar Legislative Assembly in 1969.
- Later, Paswan joined Lok Dal upon its formation in 1974 and became its general secretary.
- He opposed the emergency and was arrested during the period. He entered the Lok Sabha in 1977, as a Janata Party member from Hajipur constituency, was chosen again 1980, 1989, 1996 and 1998, 1999, 2004, and 2014.
13. Nobel Prize winner scientist Mario Molina passes away
- Mario José Molina, the only Mexican scientist to receive the Nobel Prize, passed away. He was born on 19th March 1943 in Mexico City, Mexico.
- He shared the 1995 Nobel Prize in Chemistry with Frank Sherwood Rowland of the United States(US) and Paul Crutzen of the Netherlands for their 1970 research on the damage to the Ozone layer.
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