26 April 2020 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

Here is the daily GK update of 26th April 2020 covering the following news headlines: Banking Industry, World Immunization Week, Transcorp.

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 Jupdate of 26th April 2020 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

Banking 

1. Banking Industry declared as Public Utility Service for 6 months

Under the provisions of the Industrial Disputes Act, the Banking Industry has been declared by the Government of India as a “Public Utility Service”. This step has been taken by the government in purview of the coronavirus pandemic which has deeply impacted the economic activities. As per the notification issued by the Labour Ministry, the Banking Industry has been declared as a “Public Utility Service” for a period of 6 months i.e. till 21st October 2020.

Important takeaways for all competitive exams:

• Minister of State (I/C) for Labour and Employment: Santosh Kumar Gangwar.

Business

2.  RBI permits Transcorp to issue co-branded prepaid cards

The Reserve Bank of India has given its approval to Transcorp International Ltd to issue co-branded prepaid cards. With the approval, the RBI has allowed Transcorp to enter into co-branding arrangements for Prepaid Instruments that can be utilized in over 35 lakh stores and online gateways. After receiving approval from the RBI, the Transcorp International Ltd has become one of the first non-bank companies to receive approval to enter into co-branding arrangements for Prepaid Instruments.

Important takeaways for all competitive exams:

• Chief Executive Officer of Transcorp International Ltd: Amitava Ghosh.

Science and Technology

3. NASA’s Hubble Telescope marks 30 years in space

The National Aeronautics and Space Administration (NASA) Hubble Space Telescope, has completed 30th year in orbit on 25 April 2020. This telescope was built by the United States space agency NASA with contributions from the European Space Agency (ESA).

Important takeaways for all competitive exams:

• The administrator of the National Aeronautics and Space Administration (NASA): Jim Bridenstine.
• Headquarters of NASA: Washington D.C., United States.

Important Days

4. World Intellectual Property Day observed globally on April 26

World Intellectual Property Day is observed globally on April 26 every year. It was established by the World Intellectual Property Organization (WIPO) in 2000 to “raise awareness of how patents, copyright, trademarks and designs impact on daily life” and “to celebrate creativity and the contribution made by creators and innovators to the development of societies across the world”. The theme of World Intellectual Property Day 2020 is “Innovate for a Green Future”.

Important takeaways for all competitive exams:

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