22nd August 2020 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

Here is the daily GK update of 22nd August 2020 covering the following news headlines: Israel, Madhya Pradesh, C&S Electric, HSBC India, HELP Logistics, Rajiv Kumar.

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 22nd August 2020 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

National News

1. Uttar Pradesh partners Israel to resolve Bundelkhand Water Crisis

• Uttar Pradesh government has signed a ‘plan of cooperation’ with Israel government to resolve water crisis in Bundelkhand region.
• The partnership between the two governments seeks to address water crisis in drought hit regions of Bundelkhand.
• It will support regional farmers with latest farming technologies such as drip irrigation, meant for water deficient regions like Bundelkhand.
• The project will address the water scarcity in Bundelkhand and its adjoining regions, and will become a role model for ground water management, irrigation and potable water management for the rest of the country.
• According to the signed ‘plan of cooperation’, both governments will cooperate in the field of water utility on the Indo-Israel Bundelkhand water project. 

Important takeaways for all competitive exams:

• Chief Minister of Uttar Pradesh: Yogi Aditya Nath; Governor: Anandiben Patel.
• Prime Minister of Israel: Benjamin Netanyahu.

State News

2. “Ek Sankalp-Bujurgo ke naam” campaign in Madhya Pradesh

• The Chhatarpur Police of Madhya Pradesh has been running a campaign “Ek Sankalp-Bujurgo ke naam” in the midst of corona infection in the state.
• “Ek Sankalp-Bujurgo ke naam” i.e. ‘a commitment for elders’ is proving to be a boon for the elderly and helpless people living alone in homes during the global pandemic COVID-19.
• Under this campaign, the police personnels are taking care of the elderly  people from the food to their health. This campaign is in line of the motto of Madhya Pradesh Police i.e. “Desh Bhakti-Jansewa”.

Important takeaways for all competitive exams:

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

Business News

3. CCI approves proposed acquisition of C&S Electric by Siemens

• The proposed acquisition of C&S Electric Limited by Siemens Limited has received the approval of the Competition Commission of India (CCI).
• The proposed combination envisions acquisition of 100% of the share capital of C&S Electric Limited (C&S) by Siemens Limited (Siemens India).
• Siemens India supplies smart mobility solutions for rail as well as road transport, including infrastructure solutions for Smart Cities.
• It focuses on the areas of power generation and distribution along with intelligent infrastructure for buildings and distributed energy systems.
• While, C&S Electric Limited is engaged in the manufacturing of a range of electrical switchgear, power protection and electrical distribution products.
• It is also indulged in electrical contracting business which performs turn key solutions for industrial and commercial electrification, substations and power plants.

Important takeaways for all competitive exams: 

• Chairperson of Competition Commission of India: Ashok Kumar Gupta.

4. HSBC India launches “Green Deposit Programme”

• A “Green Deposit Programme” has been launched by the HSBC India. The “green deposit programme” has been launched exclusively for corporate clients.
• Under this programme, the bank will use the deposits to finance green initiatives and environment friendly projects. With this, the deposit scheme launched by the HSBC India will provide its corporate clients stable and pre-agreed returns along with the same protection as a normal bank deposit does.
• The deposit under the “Green Deposit Programme” will come in the form of a term deposit with higher interests as compared to savings deposits.
• The scheme will finance eligible businesses and projects that encourage the transition to a low-carbon, climate resilient, and sustainable economy. 

Agreement News

5. IIM Kozhikode signs MoU with Switzerland-based HELP Logistics

• A Memorandum of Understanding (MoU) has been signed by the Indian Institute of Management Kozhikode (IIM-K) with the Switzerland-based HELP Logistics.
• The partnership between the two entities seeks to produce humanitarian logistics in India and the region by offering consulting services as well as logistics training for the humanitarian community such as United Nations bodies, government institutions and non-governmental organisations.
• The partnership will also work towards improving regional knowledge on humanitarian logistics matters as the two entities will together carry out activities that integrate efforts to shape supply chains that benefit humanity during a humanitarian crisis.

6. Ministry of Skill Development partners with Ministry of Shipping

• Ministry of Skill Development has inked an MoU with Ministry of Shipping to promote skill development in port and maritime sector.
• The partnership between the two ministries seeks to skill, re-skill and up-skill the manpower for the growing maritime industry as well as development of coastal community.
• The Memorandum of Understanding will offer extensive employment opportunities to the youth of coastal areas. It will also strengthen the commitment of Coastal Community Development under Sagar Mala programme launched by the Ministry of Shipping.
• It will work towards nurturing the skilled manpower for the development of ports as well as maritime sector of India and globally.

Important takeaways for all competitive exams:

• Union Minister for Skill Development and Entrepreneurship: Mahendra Nath Pandey.
• Ministers of State (I/C) of Shipping: Mansukh L. Mandaviya.

Appointments News

7. Rajiv Kumar appointed as new Election Commissioner

• The Government of India has appointed Rajiv Kumar as the new Election Commissioner of India.
• Rajiv Kumar will be appointed as the election commissioner “with effect from the date he assumes the office. He will succeed Ashok Lavasa who has submitted his resignation to the Indian President.
• Rajiv Kumar is a 1984-batch IAS officer from Jharkhand cadre. He was designated as finance secretary in July 2019 and during his tenure he played a major role in merging 10 public sector banks into four. He has also served as establishment officer (EO) in the personnel ministry.

Awards News

8. National Sports Awards 2020 announced

• National Sports Awards are conferred every year to recognize and reward excellence in sports.
• The Government of India has announced the list of winners of the National Sports Awards 2020, as per the recommendation of the Selection Committee headed by Justice (Retd.) Mukundakam Sharma (former Judge of Supreme Court of India).
• Honourable President of India will confer the awards to the awardees at a specially organized function through virtual mode from Rashtrapati Bhawan on 29th August, 2020.

Click Here to see the complete list of winners of the award!!

Sports News

9. Ronnie O’Sullivan wins World Snooker Championship 2020

• Ronnie O’Sullivan defeated Kyren Wilson with a score of 18-8 to win the World Snooker Championship 2020. He has claimed his sixth World Championship title at Sheffield’s Crucible Theatre.
• With this victory, Ronnie O’Sullivan has also become the oldest winner of World Snooker Championship since Reardon, who was 45 in 1978. He has also advanced to the second spot in the world rankings behind last year’s champion Judd Trump.

Defence News

10. Indian Coast Guard launches Interceptor Boat ‘ICGS C-454’

• Indian Coast Guard (ICG) has launched an Interceptor Boat ‘ICGS C-454’ in Surat, Gujarat. The Interceptor Boat ‘ICGS C-454’ has been built by Larsen and Toubro and it has a maximum speed of 45 nautical miles or 83 kilometers per hour.
• The newly launched Interceptor Boat ‘ICGS C-454’ is a 27-meter-long boat with average draft of 1.4 meter and empowered with excellent seakeeping, maneuverability and endurance range of 500 nautical miles.

Important takeaways for all competitive exams:

• Director-General of Indian Coast Guard: Krishnaswamy Natarajan.

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