20th October 2020 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

Here is the daily GK update of 20th October 2020 covering the following news headlines: Statistics Day, mooPay, Kati Bihu, Safe City Project, IDBI Bank.

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 20th October 2020 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

States News

1. IIT Madras startup launches ‘mooPay’ for dairy farmers in Rajasthan

• The IIT-Madras incubated dairy-tech startup, “Stellapps” has launched a first-of-its-kind, fully-automated direct payment platform, ‘mooPay’, for dairy farmers in Rajasthan.
• The Digital technology solutions provider Stellapps is a first of its kind end-to-end dairy technology solutions company of India. It is also one of the technology pioneers of the World Economic Forum (WEF).
• mooPay is a payment gateway for dairies and dairy farmers where the dairy officials can transfer milk payments digitally to member farmers from the dairies’ existing bank account to farmers’ savings bank account.
• Directly depositing payments in farmers’ bank accounts will help enhance farmer savings and will also build farmer loyalty to the dairy.
• This will remove the risks and costs of transferring money in cash to hundreds of thousands of farmers in hundreds of villages.

Important takeaways for all competitive exams: 

• Stellapps CEO: Ranjith Mukundan
• Stellapps headquarters: Bengaluru, Karnataka.

2. Kati Bihu festival celebrated across Assam

• Kati Bihu is one of the sets of three Bihu festivals (agricultural festivals) was celebrated in the state of Assam.
• The Kati Bihu is also known as Kangali Bihu, the festival of the poor (the word “Kongal” means “poor”) is celebrated in mid-October when the crops are at growing stage and the granaries of the farmers are depleting.
• The Kati Bihu is celebrated with the lamp called ‘Saki’ which is lit on the tips of bamboo poles in the fields which represents a guide to spirits and earthen lamps are lit in the garden, under the tulsi plants and in the granaries.
• The farmers chant spells to ward off the negativity and pests in the field and pray for a prosperous harvest.
• The locals of Assam celebrate the festival by lighting Diya in their fields and homes and perform cultural dance and organise feasts.

Important takeaways for all competitive exams: 

• Chief Minister of Assam: Sarbananda Sonowal; Governor: Prof. Jagdish Mukhi.

3. UP Governor launches “Safe City Project” for women’s safety

• Uttar Pradesh (UP) Governor, Anandiben Patel has launched “Safe City Project” – a women’s safety campaign in Lucknow, UP.
• The Project is a 180-day-long campaign under which police and other departments will work towards strengthening the security of women in public places.
• The campaign will involve the movement of women police personnel to inculcate a feeling of pride and safety for women in Lucknow.
• The UP Governor flagged off 100 pink scooters and 10 four-wheeler police vehicles as part of the campaign. The vehicles are equipped with first-aid kits, flashlights and other facilities.
• Eight cities (Delhi, Kolkata, Mumbai, Chennai, Bengaluru, Hyderabad, Ahmedabad and Lucknow) have been identified for implementation of this project in the first phase.

Important takeaways for all competitive exams: 

• Uttar Pradesh Chief Minister: Yogi Adityanath.
• Folk Dances of Uttar Pradesh: Kathak, Ramlila, Braj Raslila, Charkula, and Rasiya.

Banking News

4. IDBI Bank launches banking services on WhatsApp

• IDBI Bank announced the launch of banking services on WhatsApp.
• The WhatsApp Banking service is being offered through a dedicated WhatsApp verified number ensuring end-to-end encryption, the Bank stated.
• The facility will enable IDBI Bank customers to avail various essential services such as account balance information, last five transactions, request for a cheque book and an email statement, interest rates, as well as details of IDBI Bank branches/ATMs in the vicinity, to begin with.

Important takeaways for all competitive exams: 

• IDBI Bank Headquarters: Mumbai, Maharashtra.
• IDBI Bank CEO: Rakesh Sharma.

Awards

5. ISA Solar Awards conferred for the first time

• For the first time, since the inception of the framework agreement of ISA, the Solar Awards were presented during the third Assembly of the International Solar Alliance (ISA) to the countries of the region as well as institutions working for solar.
• Visvesvaraya award: Japan for the Asia Pacific region and the Netherlands for Europe and Others region.
• Kalpana Chawla awards: Dr Bhim Singh from IIT Delhi (India) and Dr Aaesha Alnuaimi from Dubai Electricity and Water Authority (United Arab Emirates).
• Diwakar award: Arpan Institute (Haryana) and Arushi Society.

Important takeaways for all competitive exams: 

• ISA Headquarters Location: Gurgram, Haryana.
• ISA Leader: Upendra Tripathy.

Ranks & Reports

6. India 4th most powerful country in Asia Power Index 2020

• India has been ranked at 4th position, with a score of 39.7 out of 100, in the Asia Power Index 2020, released by the Sydney-based Lowy Institute.
• The Asia Power Index 2020 ranks 26 countries and territories to assess the relative power of states in Asia.
• The United States has retained its position as the most powerful country influencing the Asia-Pacific with a score of 81.6. It is followed by China (76.1) and Japan (41) at second and third spot respectively.
• The annual Asia Power Index is an analytical tool that ranks countries in terms of what they have, and what they do with what they have (resources and influence) to have dominant power in Asia.

Summits and Conferences

7. Sports Minister Kiren Rijiju attended Y20 Global Summit Virtually

• The first-ever virtual G20 (Group of Twenty) Youth 20 (Y20) Global Summit was virtually hosted from Al Khobar, Saudi Arabia for exchanging ideas and dialogues for the empowerment of youth Post COVID, where Indian side was represented by Union Minister of Youth Affairs and Sports, Kiren Rijiju.
• Indian side emphasized on galvanizing the youth to take on the challenges set forth by the worldwide COVID 19 Pandemic. The theme of the Summit was “Government – Youth dialogue on post-COVID-19 opportunities”.
• The Summit concluded with the drafting of the Y20 Communique under the three overarching priority areas viz. Future Fit; Youth Empowerment; and Global Citizenship.

Sports

8. Nozomi Okuhara and Anders Antonsen wins Denmark Open 2020

• In Badminton, former World Champion Nozomi Okuhara of Japan clinched the Denmark Open 2020 title beating three-time world champion Carolina Marin in women’s singles.
• In the men’s singles final, world number seven Anders Antonsen of Denmark defeated his compatriot Rasmus Gemke.

Winners List:

Important Days

9. World Statistics Day: 20 October

Check More GK Updates Here

20th October Current Affairs 2020 | Current Affairs Today | Daily Current Affairs 2020

Click Here to Register for Bank Exams 2020 Preparation Material

Visit Achieversadda.com and participate in discussions with other aspirants and achievers. Get answers to your queries and connect with others on Achieversadda.com

All the Best BA’ians for RBI Assistant Mains!