14th July 2020 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

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Here is the daily GK update of 14th July 2020 covering the following news headlines: Chabahar rail project, Maldives, Poland, Roko-Toko, Elites Excellence Awards.

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 14th July 2020 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

National News

1. US remains India’s top trading partner in FY 2019-20

According to the data of the Union Ministry of Commerce, United States remained India’s top trading partner for the second consecutive fiscal in 2019-20.
The recently released data shows increasing economic ties between the two nations.
As per the data, the bilateral trade between the US and India has increased from $87.96 billion in 2018-19 to $88.75 billion in the fiscal year 2019-20.
China was India’s top trading partner since 2013-14 to 2017-18.

Important takeaways for all competitive exams:

Union Minister of Commerce and Industry: Piyush Goyal.

2. Iran drops India from Chabahar rail project

Iran has dropped India from Chabahar rail project which comprises rail line from Chabahar port to Zahedan, along the border with Afghanistan.
The Iranian government cited delays from the Indian side in funding and starting the project, for its decision of dropping India from the project.
Now, Iranian Railways will go ahead without India’s assistance and utilize around $400 million from the Iranian National Development Fund.

3. India hands over outdoor fitness equipment to Maldives

India has handed over outdoor fitness equipment for 61 islands across the Maldives under a cash grant of 8 million US dollars.
The installation of equipment would involve the participation of all 61 island councils and further strengthen the idea of decentralization and a cherished ideal for President Ibrahim Solih’s government.
The project is expected to contribute to the Maldivian government’s ‘healthy lifestyles’ policy through easier access to fitness equipment.

Important takeaways for all competitive exams:

President of the Maldives: Ibrahim Mohamed Solih.
Capital of Maldives: Male; Currency of the Maldives: Maldivian Rufiyaa.

International News

4. Andrzej Duda wins Poland’s presidential election

Andrzej Duda has been re-elected as the President of Poland.
He won the presidential elections recently held in Poland after winning 51.21% of the votes, defeating the opposition candidate, liberal Warsaw Mayor Rafal Trzaskowski who got 48.79% votes.

Important takeaways for all competitive exams:

Capital of Poland: Warsaw; Currency: Polish złoty.

State News

5. Madhya Pradesh government to launch “Roko-Toko” campaign

Madhya Pradesh government will commence a unique campaign titled as “Roko-Toko”.
With this campaign, the state government will target those people who do not wear masks.
Under this, the state government will distribute masks to the people who do not wear masks in public places as the use of masks is mandatory in all public places in the state.

Important takeaways for all competitive exams:

Chief Minister of Madhya Pradesh: Shivraj Singh Chouhan; Governor: Anandiben Patel.

Awards & Rewards

6. Gurbux Singh, Palash Nandi to be honoured with Mohun Bagan Ratna

According to ATK-Mohun Bagan club, Hockey legend Gurbux Singh and former first-class cricketer Palash Nandi will receive this year’s Mohun Bagan Ratna.
The club has decided not to hold the customary ‘Mohun Bagan Day’ function on July 29 this year owing to the pandemic. July 29 was the date of Bagan’s IFA Shield triumph in 1911 when they defeated East Yorkshire Regiment 2-1.
Ashok Kumar, a member of India’s 1975 World Cup-winning hockey team, will be given the Lifetime Achievement Award along with Pranab Ganguly (football) and Monoranjan Porel (athletics).
Joseba Beitia will get the best footballer (senior) prize. Sajal Bag (U-18) has been chosen as the best youth player.

7. ISRO Chief K Sivan named for Von Karman Award 2020

Indian Space Research Organisation(ISRO) Chief, Kailasavadivoo Sivan has named for Von Karman Award 2020 by the International Academy of Astronautics (IAA).
The Von Karman Award is known as the highest distinction of the IAA. Dr K. Sivan is going to receive an award in March 2021 at Paris France.
The Von Karman award was established in 1982 and is the premier award of the Academy.
It is given annually to recognize outstanding lifetime achievements in any branch of science without limit of nationality or gender.

Important takeaways for all competitive exams:

International Academy of Astronautics (IAA) Founder: Dr Theodore Von Karman.
International Academy of Astronautics (IAA) Headquarters: Paris, France.

8. Chhattisgarh awarded “Elites Excellence Awards 2020”

Chief Minister Darpan website and mobile app prepared for monitoring Chhattisgarh Government’s ambitious Suraji Gaon Scheme and other flagship schemes, has been awarded “Elites Excellence Awards-2020” at the national level.
Chhattisgarh has been awarded this honour by the country’s prestigious IT institution Elites Technomedia, New Delhi under the ‘Digital India initiative’.

Important takeaways for all competitive exams:

CM of Chhattisgarh: Bhupesh Baghel; Governor of Chhattisgarh: Anusuiya Uikey.

9. CM K Palaniswami honours with Paul Harris Fellow Recognition

Tamil Nadu’s Chief Minister, Edappadi K Palaniswami has honoured with Paul Harris Fellow recognition by Rotary Foundation of Rotary International, Chicago.
The person recognised as the fellow will receive a certificate along with a lapel pin. They are also eligible to buy a Paul Harris Fellow medallion.

Important takeaways for all competitive exams:

Governor of Tamil Nadu: Banwarilal Purohit.
President of Rotary International: Holger Knaack.

Business News

10. Google to invest USD 10 billion in India

Google CEO, Sundar Pichai has announced a $10 billion for “GoogleForIndia Digitisation Fund”.
Under the fund, Google will invest roughly Rs 75,000 crore in India over the next 5-7 years.
The investment will be done through a mix of equity investments, partnerships and operational infrastructure in ecosystem investments.

Important takeaways for all competitive exams:

CEO of Google: Sundar Pichai; Headquarters: California, United States.

11. Qualcomm Ventures acquires 0.15% stake in Jio Platforms

Qualcomm Ventures has acquired 0.15% stakes in Jio Platforms. The Reliance Industries (RIL) announced the sale of 0.15% stake in Jio Platforms to Qualcomm Ventures.
The transaction costed Rs 730 crores to the Qualcomm Ventures.
Jio Platforms Limited is a subsidiary of Reliance Industries Limited and runs digital applications and holds controlling investments in technology related units. It exists under the laws of the Republic of India and aims to provide high-quality and affordable digital services across India.
Qualcomm Ventures is a global fund of Qualcomm that invests in pioneering companies across the wireless ecosystem in various areas such as 5G, Artificial intelligence (AI), Internet of things (IoT), automotive, networking as well as enterprise.

Important takeaways for all competitive exams:

Chief Executive Officer (CEO) of Qualcomm: Steve Mollenkopf.

Banking News

12. Visa partners Federal Bank to launch “Visa Secure”

Visa, a global leader in payments technology has tied-up with Federal Bank to launch “Visa Secure” to the bank’s cardholders.
“Visa Secure” is a modernized technology that provides a quicker and frictionless checkout experience to the consumers.
Adoption of new improved technology will enable the bank to focus on customer-centric digital solutions that make online shopping experiences seamless.
Visa Secure is a global authentication program which is built on EMVCo 3DS (3D Secure) 2.0 protocol.

Important takeaways for all competitive exams:

MD & CEO of Federal Bank Ltd: Shyam Srinivasan.

Appointments

13. Hemang Amin appointed as interim CEO of BCCI

The Board of Control for Cricket in India (BCCI) has appointed Hemang Amin as its interim chief executive officer (CEO).
He will replace Rahul Johri who recently resigned as the chief executive officer (CEO) of BCCI and his resignation was accepted by the BCCI office-bearers.

Science and Technology

14. IIT Kanpur develops UV sanitizing device ‘SHUDH’

IIT Kanpur has developed an Ultraviolet (UV) sanitizing device named Smartphone operated Handy Ultraviolet Disinfection Helper (SHUDH).
This device has 6 UV lights of 15 Watts each that can be individually monitored from a distance.
Initial testing has proved that the device at its full operation can disinfect a 10×10 squared feet room in about 15 minutes.

Important takeaways for all competitive exams:

Prof. Abhay Karandikar is currently serving as the Director of IIT Kanpur.

Obituaries

15. Padma Shri award winning journalist Nagindas Sanghvi passes away

Padma Shri award winning veteran Gujarati journalist, columnist, writer and political analyst Nagindas Sanghvi passed away.
Government of India conferred him Padma Shri award in the year 2019.
He was renowned for his books on Mahatma Gandhi, Gujarat and other subjects.

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