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

Table of Contents

Here is the daily GK update of 14th May 2020 covering the following news headlines: Aatmanirbhar Bharat Abhiyan, CAPF, New Development Bank (NDB), Indian Railways.

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

National News

1. FM announces 2nd tranche of measures for “Aatmanirbhar Bharat Abhiyan”

Union Finance Minister Nirmala Sitharaman has announced the details of the 2nd tranche of Economic Relief Package for “Aatmanirbhar Bharat Abhiyan” amid COVID-19 pandemic. This 2nd tranche is the part of economic package of Rs 20 lakh crore has been announced with the prime objective of making India self-reliant.

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2. NDB approves USD 1 bn Emergency Assistance Program Loan to India

Emergency Assistance Program Loan of USD 1 billion has been approved by the New Development Bank (NDB) to India. The Emergency Assistance Program Loan aims to support the Government of India in its attempt to curb the spread of COVID-19 as well as to minimize the human, social and economic losses caused by the COVID-19 outbreak. This is NDB’s second emergency assistance program in order to help its member countries to fight COVID-19.

Important takeaways for all competitive exams:

President of New Development Bank: K V Kamath.
New Development Bank was established by Brazil, Russia, India, China and South Africa to mobilize resources for infrastructure and sustainable development projects in BRICS.

3. CAPF canteens to sell only indigenous products from June 1

Central Armed Police Forces (CAPF) will sell only indigenous products in their canteens. This will be applicable to all or any CAPF canteens across the country from 01 June 2020. The move will affect 50 lakh families, of about 10 lakh CAPF personnel, using indigenous products. This decision was taken by Union Home Ministry after Prime Minister Narendra Modi spoke to the nation, urged citizens to make the country self-reliant and use locally-made products.

Important takeaways for all competitive exams:

Union Home Affairs Minister: Amit Shah.

4. Indian Railways makes Aarogya Setu app mandatory for passengers

The Indian Railways has made the Aarogya Setu app mandatory for the passengers to travel by train. According to the announcement made by the Indian Railways, it has become mandatory for passengers to download Aarogya Setu application in their mobile phones, before starting their journey.

Important takeaways for all competitive exams:

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

5. US’ CDC commits $3.6 million to assist Government of India

An assistance of $3.6 million to India has been committed by the US Centers for Disease Control and Prevention (CDC). The amount aims to enhance India’s response to the COVID-19 epidemic. It will also led to prevention, preparedness, and response activities in India. It will also help India in its effort to increase the laboratory capacity for SARS-COV-2 testing.

International News

6. Italy develops ‘iFeel-You’ bracelet for social distancing

The Genoa-based Italian Institute of Technology (IIT) has developed ‘iFeel-You’ bracelet for social distancing. This bracelet will help users respect social distancing rules. The bracelet has been developed as the measures for safeguarding against the coronavirus lockdown is being gradually lifted.

Important takeaways for all competitive exams:

President of Italy: Sergio Mattarella Trending.
Capital of Italy: Rome.
The currency of Italy: Italian lira.

State News

7. J&K & Haryana to provide tap connections till 2022

The Jammu and Kashmir administration and Haryana Government have framed a plan to implement the Jal Jeevan mission to provide tap connections to every rural household by 2022. The Jal Jeevan Mission aims to provide drinking water to every household.

Important takeaways for all competitive exams:

Minister of Jal Shakti: Gajendra Singh Shekhawat.
Minister of State in the Ministry of Jal Shakti: Rattan Lal Kataria.

8. Uttarakhand CM launches ‘HOPE’ portal to help unemployed youth

Uttarakhand Chief Minister Trivendra Singh Rawat has launched “HOPE” (Helping Out People Everywhere) portal to help unemployed youth to get jobs opportunities. The portal will be used to collect the data on the youths of the state who are staying in as well as the recently returned migrant youths.

Important takeaways for all competitive exams:

Uttarakhand state was formed: 9th November 2000
Capital of Uttarakhand: Dehradun.
Chief Minister of Uttarakhand: Trivendra Singh Rawat.
Governor of Uttarakhand: Baby Rani Maurya.

Appointments

9. Indian boxer Akhil Kumar re-inducted into NADA disciplinary panel

Former Commonwealth gold medalist Indian boxer Akhil Kumar was re-inducted into the Disciplinary Panel of National Anti-Doping Agency’s (NADA). He was formerly served in the panel from 2017 to 2019.

Important takeaways for all competitive exams:

National Anti-Doping Agency (NADA) Motto: Play fair.
National Anti-Doping Agency (NADA) Headquarters: New Delhi.
National Anti-Doping Agency (NADA) Director-General: Navin Agarwal.

10. V. Vidyavathi becomes new DG of Archaeological Survey of India

IAS officer V. Vidyavathi is appointed as the new Director-General of Archaeological Survey of India(ASI) effective from 12th May 2020. She is a 1991 batch Karnataka cadre officer.

Important takeaways for all competitive exams:

Archaeological Survey of India(ASI)Founder: Alexander Cunningham.
Archaeological Survey of India(ASI)Founded: 1861.
Archaeological Survey of India(ASI) Headquarters: New Delhi.

Awards

11. Bangalore Airport wins SKYTRAX Award for Best Regional Airport

The Kempegowda International Airport, Bengaluru has won the SKYTRAX Award 2020. The airport was chosen as the Best Regional Airport in India and Central Asia by the customers at the 2020 World Airport Awards. Changi Airport, Singapore was voted the World’s Best Airport for 8th consecutive year, while Tokyo Haneda Airport was voted the World’s Cleanest Airport, and Paris Orly Airport was voted the World’s Most Improved Airport at the 2020 World Airport Awards. Chhatrapati Shivaji Maharaj International Airport, Mumbai was voted as Best Airport Staff in India & Central Asia.

Ranks and Reports

12. India ranks 74th on WEF Global Energy Transition Index

India has been ranked at 74th position on the Global ‘Energy Transition Index’ by the World Economic Forum (WEF). India has moved up two positions with improvements on all key parameters of economic growth, energy security and environmental sustainability. India is one of the few countries in the world to have made consistent year-on-year progress since 2015. Sweden has topped the “Energy Transition Index (ETI)”. Switzerland and Finland are on 2nd and 3rd rank respectively.

Important takeaways for all competitive exams:

The founder and Chairman of WEF: Klaus Schwab.
WEF Headquarters: Geneva, Switzerland.

Science and Technology

13. TVS Group, Sundaram Med & IIT-M develops “Sundaram Ventago”

The Sundaram Ventago is a low-cost, automated respiratory assist device which has been developed jointly by the TVS group, Sundaram Medical Foundation and IIT-Madras. This versatile and mobile device will assist the clinicians in constantly monitoring and reporting respiratory parameters. The device has been developed to provide respiratory support to patients through the controlled and automated squeezing of a self-inflating or AMBU bag. The device comprises various functionalities to control respiratory rate (breaths per minute), tidal volume, pressure parameters and I:E ratios.

Obituaries

14. Grammy-winning singer Betty Wright passes away

The Grammy-winning soul singer, Betty Wright passed away. Her real name is Bessie Regina Norris. She is an R&B (Rhythm & blues) singer, songwriter and background vocalist. She received her first Grammy Award for the Best Song, “Where is the Love?”, at the age of 23.

Miscellaneous

15. Spirulina groundnut Chikki developed by CFTRI to boost immunity

In order to boost immunity during pandemic, Spirulina groundnut Chikki has been developed by the Mysuru-based Central Food Technological Research Institute (CFTRI). The Spirulina groundnut Chikki can provide micro-nutrients along with boosting immunity of the people during this time of pandemic. The Spirulina groundnut Chikki comprises of micro-nutrients such as Vitamin A, Beta Carotene and easily digestible algal proteins.

16. ICCR launches song “United we Fight” to fight COVID-19

A musical creation titled “United we Fight” has been unveiled by the Indian Council for Cultural Relations (ICCR). It brings together composers, musicians and singers from across India to send a message of hope, joy, resilience, fighting spirit and never say die attitude of all in our collective fight against COVID 19. This song is a musical presentation interlacing English lyrics into the notes and beats of Indian classical music, hence spreading the essence of ‘Vasudhaiva Kutumbakam’.