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

Here is the daily GK update of 14th November 2020 covering the following news headlines: Local4Diwali, Aung San Sui Kyi, IFSCA, World Diabetes Day, IRCTC.

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

National News

1. Ministry of Textiles launches “Local4Diwali” campaign

• The Union Ministry of Textiles has launched a campaign for Diwali- “Local4Diwali”.
• The campaign has been launched to promote the Indian handicraft which is the cultural heritage of the country and also a source of livelihood for many.
• As per the available data, the handicrafts sector is a major sector of women empowerment as almost 55% of the workers and artisans are women.
• The main aim of the #Local4Diwali campaign is to urge people to buy and gift Indian handicraft products on this Diwali.
• The basic aim of the campaign is to give a boost to Indian handicrafts and artisans.
• This campaign will help the handicraft artisans and workers in increasing their sales and promoting their business.
• After the promotion of the idea of “Vocal for Local” by PM Modi, every sector is working towards promoting local businesses and strengthening Atmanirbhar Bharat Abhiyan.

Important takeaways for all competitive exams:

• Minister of Textiles: Smriti Zubin Irani.

International News

2. Aung San Sui Kyi Party claims to win Myanmar Elections

• Myanmar’s ruling party led by Nobel laureate Aung San Suu Kyi claimed a resounding victory.
• National League for Democracy (NLD) party has won close to 400 seats while the opposition Union Solidarity and Development Party (USDP) has secured only 21 seats.
• Around 38 million voted to select the National League of Democracy (NLD) Party for a second term. NLD was required to win at least 2/3rd of the elected seats to win.

Important takeaways for all competitive exams:

• Myanmar Capital: Naypyitaw.
• Myanmar Currency: Kyat.

Banking News

3. IFSCA approves draft banking regulations at IFSC

• International Financial Services Centres Authority (IFSCA) has conducted a meeting in New Delhi.
• The IFSC Authority approved the International Financial Services Centres Authority (Banking) Regulations, 2020 in the meeting.
• The draft banking regulations approved at the meeting opens the way for making rules for the various aspects of banking operations that would be permissible at the IFSC.
• As banking plays an important role at IFSC, banking regulations will help it in reaching its desired potential.

Important takeaways for all competitive exams:

• Chairman of the IFSCA: Injeti Srinivas.
• Headquarters of IFSCA: Gandhinagar, Gujarat.

Important Days

4. World Diabetes Day: 14 November

• World Diabetes Day is observed on 14th November every year. The campaign aims to raise awareness around the crucial role that nurses play in supporting people living with diabetes.
• The theme for World Diabetes Day 2020 is “The Nurse and Diabetes.”
• In 2007 General Assembly adopted resolution 61/225 designating 14 November as World Diabetes Day.
• The document recognized “the urgent need to pursue multilateral efforts to promote and improve human health, and provide access to treatment and health-care education.”
• Diabetes is a major cause of blindness, kidney failure, heart attack, stroke and lower limb amputation. A healthy diet, physical activity and avoiding tobacco use can prevent or delay type 2 diabetes. In addition, diabetes can be treated and its consequences avoided or delayed with medication, regular screening and treatment for complications.

Miscellaneous News

5. IRCTC to start ‘Bharat Darshan Yatra’ on December

• Indian Railway Catering and Tourism Corporation (IRCTC) will be starting ‘Bharat Darshan–Dakshin Bharat Yatra’ from December 12.
• The Bharat Darshan Yatra will start from Hyderabad and Secunderabad from December 12 to 18. The theme of this yatra will be ‘Show India to Indians’.
• The facility of boarding and de-boarding this tourist train will be available at Secunderabad, Khammam, Nellore, Vijayawada, Warangal, Ongole, and Renigunta.
• The train will have 12 sleeper coaches, one 3-tier AC coach and a pantry car.
• The standard fare for sleeper coaches will be Rs 7,140 and that for three-tier AC will be Rs 8,610.
• The facility of night stays for all the tourists will be made at dormitories or dharmasalas.
• Tourists will also be provided with the morning tea, breakfast, lunch, dinner and a water bottle per day.
• The authorities will arrange non-AC bus transportation on sharing basis and tour escort and security on the train.
• In January 2019, IRCTC also started booking for Shirdi Sai Baba darshan tickets on its website.

Important takeaways for all competitive exams:

• IRCTC Incorporated on September 27, 1999.
• Indian Railway Catering and Tourism Corporation (IRCTC) is a subsidiary organisation of the Indian Railways.

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