20th July Daily Current Affairs 2022: Today GK Updates for Bank Exam

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 is held all day long. One should have complete knowledge about banking terms, current affairs news, etc. So, here is the GK update for 20th July 2022 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz. 

Here is the Daily GK Update of the 20th July 2022 covering the following news headlines: International Moon Day, World Chess Day, 2028 Summer Olympic Games, JSW Steel, Instagram, SPRINT Challenges.

Top 18 Daily GK Updates: National & International News 

Here is providing below the top 18 important Daily General Knowledge 2022 updates with national & international news.

National News

1. PM Narendra Modi unveils ‘SPRINT Challenges’ to boost usage of Indigenous Technology 

• Prime Minister Narendra Modi unveiled ‘SPRINT Challenges’, aimed at giving a boost to the usage of indigenous technology in the Indian Navy, during the Naval Innovation and Indigenisation Organisation (NIIO) seminar ‘Swavlamban’ in New Delhi.
• This collaborative project is named SPRINT {Supporting Pole-Vaulting in R&D through Innovations for Defence Excellence (iDEX), NIIO and Technology Development Acceleration Cell (TDAC)}.

States News

2. Border dispute agreement struck between Arunachal Pradesh and Assam 

• According to the chief ministers of both states, Assam and Arunachal Pradesh have taken a step toward settling their seven-decade-old boundary dispute by signing the Namsai Declaration.
• Following their third round of discussions on the matter, the Arunachal Pradesh chief minister Pema Khandu and his Assam colleague Himanta Biswa Sarma signed the declaration in Namsai.
• There were 123 border settlements that were in contention earlier. They have now decided to limit that to 86 villages. Additionally, they have decided to remedy the problem by September 15 of this year.

Important Takeaways FOr All Competitive Exams:

• Chief Minister of Assam: Dr. Himanta Biswa Sarma
• Chief Minister of Arunachal Pradesh: Pema Khandu

3. West Bengal Governor La Ganesan assigned additional charge 

• Following the resignation of Jagdeep Dhankhar, who has been selected by the National Democratic Alliance (NDA) as its vice presidential candidate, La. Ganesan took the oath of office as the new governor of West Bengal.
• In the presence of the speaker, Mamata Banerjee, various state ministers, and Chief Justice of the Calcutta High Court, Prakash Shrivastava, he was sworn into office.
• According to a statement from Rashtrapati Bhavan, President Ram Nath Kovind has accepted West Bengal Governor Jagdeep Dhankhar’s resignation after the NDA nominated him to run for vice president.

Important Takeaways For All Competitive Exams:

• Chief Justice of the Calcutta High Court: Prakash Shrivastava
• Chief Minister of West Bengal: Mamata Banerjee

Appointments News

4. Lt Gen (Retd) Raj Shukla appointed as member of UPSC 

• Retired Army officer Raj Shukla has been appointed as a member of the Union Public Service Commission (UPSC).
• The UPSC recommends candidates to the government for appointment to the Indian Administrative Service (IAS), Indian Foreign Service (IFS), Indian Police Service (IPS) and the Central Services — Group A and Group B.

Important takeaways for all competitive exams: 

• UPSC Chairperson: Manoj Soni;
• UPSC Founded: 1 October 1926.

5. Former SC judge Vineet Saran appointed as new BCCI ethics officer 

• Former Supreme Court judge, Vineet Saran has taken over as the Board of Control for Cricket in India (BCCI) ethics officer and ombudsman. He has succeeded Justice (Retd) D. K. Jain, whose term ended in June last year.
• Saran, 65, is a former Chief Justice of Odisha High Court, and also served as a judge in Karnataka and Allahabad High Court.

Important takeaways for all competitive exams:

• BCCI President: Sourav Ganguly;
• BCCI secretary: Jay Shah;
• BCCI Headquarters: Mumbai;
• BCCI Founded: December 1928.

Business News

6. Instagram’s new payments feature lets users buy products via direct messages 

• Meta CEO Mark Zuckerberg announced that the company is launching a new “payments in chat” feature on Instagram. With this new feature, users can purchase products from small businesses and track orders via direct messages on Instagram.
• According to Meta, every week, one billion people message businesses across Instagram, Facebook and WhatsApp. To use the new feature, users can start by sending a direct message to a qualified small business they’re interested in buying from. In that same chat thread, they’ll then be able to pay, track their order and ask the business any follow-up questions.

Important takeaways for all competitive exams: 

• Instagram launched: 6 October 2010;
• Instagram Owner: Meta;
• Instagram Founder Kevin Systrom.

7. JSW Steel and BCG collaborate to quicken the decarbonization process

• Boston Consulting Group (BCG) and JSW Steel have worked together on a decarbonization and sustainability strategy. In order to help JSW Steel on its path to being a net-zero carbon emitter, BCG will make use of its unique CO2 AI platform as well as its top-tier digital and analytics skills.
• During this time, BCG will also put an emphasis on employee training and improving the sustainable culture throughout our manufacturing operations. Their sustainability measures will need to be scaled up as a result of this revolutionary initiative.

Important Takeaways For All Competitive Exams:

• CEO, Boston Consulting Group: Christoph Schweizer
• Joint managing director of JSW Steel and group CFO: Seshagiri Rao

8. L&T Tech: First company to directly obtain and implement 5G spectrum 

• The first IT company to publicly indicate interest in the government’s direct distribution of spectrum for exclusive 5G networks is L&T Technology Services.
• According to CEO Amit Chadha, it will acquire spectrum to set up a 5G private network and develop use cases for the technology.
• In addition, the engineering and research and development services company will roll out 5G solutions for parent company Larsen & Toubro globally.

Banking News

9. Raigad Sahakari Bank of Mumbai subject to limitations from RBI 

• Due to the lender’s worsening financial situation, the RBI imposed a number of limitations on Mumbai-based Raigad Sahakari Bank, including a withdrawal cap of Rs 15,000 per customer.
• The cooperative bank is subject to a number of restrictions, including the inability to issue loans, make any investments, or take new deposits without RBI‘s prior approval.
• The Reserve Bank stated that a depositor may be permitted to withdraw up to Rs 15,000 of their entire balance across all savings bank, current, or other accounts.

10. Launch of WhatsApp banking service by SBI

• State Bank of India (SBI) will soon provide its customers with WhatsApp-based banking. Dinesh Khara, the chairman of SBI, announced this while announcing a few retail initiatives.
• In addition, Khara stated that they would soon introduce API (application programming interface) banking to corporate clients and aggregators.
• API Banking is a system where APIs, a way for two or more computer programmes to communicate with each other, are used for communication between bank and client servers.

Awards News

11. DBS bank named ‘World’s Best SME Bank’ by Euromoney for second time 

• Development Bank of Singapore Limited (DBS Bank) has been recognized as the ‘World’s Best SME Bank’ by Euromoney for the second time (the first time in 2018).
• The bank has established its position as a global industry leader in association with Small to Medium Enterprises (SMEs) to enhance growth and development.

The DBS bank also clinched three first-time awards at Euromoney’s Awards for Excellence 2022:

• World’s Best Financial Innovation of the year 2022
• Asia’s Best Bank for Wealth Management 2022
• Asia’s Best Bank for SME award 2022

Important takeaways for all competitive exams:

• DBS Bank Headquarters: Singapore;
• DBS Bank CEO: Piyush Gupta.

12. NAARM received Sardar Patel Award of ICAR 

• The National Academy of Agricultural Research Management (NAARM) has bagged the Sardar Patel Outstanding ICAR Institute Award 2021 (in the Large Institute Category) for its overall performance.
• Ch Srinivasa Rao, Director of NAARM, received the award from the Union Minister of Agriculture and Farmers’ Welfare Narendra Singh Tomar in New Delhi. The awards were given away at a function to mark the 94th Foundation Day of the ICAR.

Sports News

13. Bangladeshi Cricketer Tamim Iqbal Announces Retirement From T20Is 

• Bangladesh ODI captain, Tamim Iqbal has announced his retirement from T20Is and his decision came shortly after his side defeated West Indies 3-0 in the three-match ODI series. He played his last T20 International in March 2020.
• The 33-year-old has played 78 T20 Internationals, scoring 1758 runs at 24.08. Tamim is one of the best openers to have come out of Bangladesh, having scored 5082 runs in Tests and 7943 runs in ODIs.

14. Los Angeles to host 2028 Summer Olympic Games 

• The 2028 Summer Olympic and Paralympic Games will be hosted in Los Angeles, United States. The opening ceremony for the 2028 Los Angeles Olympics will take place on July 14, 2028, and continue till July 30.
• However, Los Angeles has previously hosted the Olympics in 1984 and 1932. The LA28 Games will feature more than 3,000 hours of live sport across 800 events in more than 40 sports. 15,000 athletes are expected to compete in the Olympic and Paralympic Games in Los Angeles, according to LA 28.

Books and Authors News

15. Uttarakhand CM Dhami released the book “BEYOND THE MISTY VEIL” 

• Chief Minister Pushkar Singh Dhami released the book “BEYOND THE MISTY VEIL”, Temple Tales of Uttarakhand written by Ms Aradhana Johri (Senior IAS) on the temples of Uttarakhand.
• This book will be known as an authentic introduction to the divine temples of Uttarakhand in the country and abroad. Former IAS officer Aradhana Johri who had served earlier as the District Magistrate of Nainital.
• The book based on the mythological temples of Devbhoomi Uttarakhand informs us about our culture and mythology. Apart from Chardham, religious tourism should also be promoted.

Important Days

16. World Chess Day 2022 celebrates globally on 20 July 

• World Chess Day is celebrated annually on July 20 globally. The day marks the date of the establishment of the International Chess Federation (FIDE) in Paris in 1924. On this day, we can observe the day by teaching someone or learning how to play the game.
• Also, we can consider a 24-Hour Marathon or share your story about your own chess strategy. On 12 December 2019, the General Assembly proclaimed 20 July as World Chess Day to mark the date of the establishment of the International Chess Federation (FIDE) in Paris in 1924.

Important takeaways for all competitive exams:

• International Chess Federation President: Arkady Dvorkovich;
• International Chess Federation Founded: 20 July 1924, Paris, France;
• International Chess Federation Headquarters: Lausanne, Switzerland.

17. International Moon Day observed on 20 July 

• The General Assembly declared International Moon Day, a United Nations-designated international day to be observed annually on 20 July.
• International Moon Day 2022 is chosen as the day to educate and promote awareness on the status and prospects for humanity.
• In cooperation with United Nations Office for Outer Space Affairs (UNOOSA), the International Moon Day 2022 will be observed as an annual event and general public celebrations will be held all over the world.

Obituaries News

18. Renowned artist Achuthan Kudallur passes away 

• Noted artist Achuthan Kudallur has passed away recently at the age of 77. A civil engineer by training, Achuthan Kudallur was a self-taught abstract artist and a highly respected name in contemporary art circles of south India.
• He was a part of the Madras Art Club, which operated within the Government College of Art, Chennai and later shifted to painting abstracts.