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

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Here is the daily GK update of 26th November 2020 covering the following news headlines: PM Jeevan Jyoti Bima Yojana, Varunastra, ICC Chairman, Sri Guru Nanak Dev ji, Indian Constitution Day.

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

Business News

1. IPPB launches PM Jeevan Jyoti Bima Yojana

India Post Payments Bank (IPPB) has launched a low-cost insurance scheme ‘Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)’ for its customers to bring large sections of the underserved and unserved population into the financial mainstream.
IPPB has collaborated with PNB MetLife India Insurance Company for this product.
To provide protection and financial security to the poor and underprivileged, especially in unbanked and remote areas of India, in the unforeseen and unfortunate event of the loss of a family member who is primarily the breadwinner.
Anyone who has a savings account with IPPB.
Minimum age 18 years and a maximum age 50 years.
The maximum coverage of Rs 2,00,000 per life irrespective of multiple accounts/multiple certificates of insurance held under the PMJJBY scheme.
Premium Rs 330 to be paid annually.
Completion of 55 years (Age near Birthday).

Important takeaways for all competitive exams:

Managing Director & CEO of IPPB: J Venkatramu.
India Post Payments Bank (IPPB) Headquarters: New Delhi.
Prime Minister Narendra Modi had launched IPPB in 2018.

Defence News

2. DRDO flags off first ‘Varunastra’ Heavy Weight Torpedo

The Defence Research and Development (DRDO) Chairman G Satheesh Reddy has flagged off the first Production unit of Heavy Weight Torpedo (HWT), Varunastra.
The Varunastra has been designed and developed by Naval Science & Technological Laboratory (NSTL) of DRDO while Bharat Dynamics Limited (BDL), Vishakhapatnam has manufactured the torpedo for the Indian Navy.
Varunastra is a ship-launched, heavyweight, electrically propelled anti-submarine torpedo. It can be launched from ships that can fire heavyweight torpedoes to engage quiet submarines in deep and shallow waters.
It is powered by an electric propulsion system with multiple 250 Kilowatts Silver Oxide Zinc (AgOZn) batteries.
It is capable of achieving a speed of 40 Knots (74 Kms/hr), weighs around 1.25 tons and can carry up to 250 kg of the conventional warhead. It is made of 95% Indigenous contents.
The heavyweight torpedo is also being offered for exports.

Appointment News

3. New Zealand’s Greg Barclay elected new ICC Chairman

Auckland-based commercial lawyer and director of New Zealand Cricket (NZC) since 2012, Greg Barclay has been elected as the new chairman of the International Cricket Council (ICC), after the second round of voting.
Barclay succeeds India’s Shashank Manohar who stepped down in July 2020 and will replace Imran Khwaja, who is currently the interim chairman.
He was serving as NZC’s representative on the board of the International Cricket Council and had also served as the director of ICC Men’s Cricket World Cup 2015.

Important takeaways for all competitive exams:

CEO of ICC: Manu Sawhney.
Headquarters of ICC: Dubai, United Arab Emirates.

Schemes and Committees

4. Thaawarchand Gehlot e-launches National Portal for Transgender Persons

Union Minister for Social Justice & Empowerment, Thaawarchand Gehlot has e-launched a ‘National Portal for Transgender Persons’ and e-inaugurated a ‘Garima Greh: A Shelter Home for Transgender Persons’ in Vadodara, Gujarat.
This highly useful Portal would help a transgender person in applying for a Certificate and Identity card digitally from anywhere in the country.
‘Garima Greh: A Shelter Home for Transgender Persons’ will be run in association with Lakshya Trust, a Community based organisation entirely run by the Transgenders.

Books and Authors

5. PM Modi releases book on the Life of Sri Guru Nanak Dev ji

Prime Minister Narendra Modi has released a book on the life and ideals of Guru Nanak Dev, the founder of Sikhism and first of its ten gurus. The book has been penned by Kirpal Singh Ji.
Minority Affairs Minister Mukhtar Abbas Naqvi was also present during the book release.

Important Days

6. Indian Constitution Day: 26 November

In India, 26 November is celebrated as Constitution Day or Samvidhan Diwas. On this day in 1949, the constitution was adopted which came into force on January 26, 1950, marking the beginning of a new era in the history of India.
On 19th November 2015, during the year-long celebration of the 125th birth anniversary of Dr B R Ambedkar, Government of India declared November 26th as the Constitution Day.
Previously this day was celebrated as Law Day. 26 November was chosen to spread the importance of the constitution and to spread thoughts and ideas of Ambedkar.

7. National Milk Day: 26 November

In India, November 26 is celebrated as National Milk Day, since 2014, to commemorate the birthday of the father of India’s White Revolution, Dr Verghese Kurien (also nicknamed as Milkman of India).
The day was fixed by all the dairy majors of the country including the National Dairy Development Board (NDDB), the Indian Dairy Association (IDA), along with 22 state-level milk federations.
The significance of National Milk Day lies in the fact that this day celebrates the importance of milk in a person’s life.
The Indian Dairy Association (IDA), in 2014, took the initiative to celebrate this day for the first time.
The first National Milk Day was celebrated on 26 November 2014 where various milk producers from 22 states participated.

Important takeaways for all competitive exams:

World Milk Day is observed on 1 June every year by the United Nations.

Obituaries

8. Football Legend Diego Maradona passes away

One of the greatest footballers of all time, Diego Maradona passed away. He was captain when Argentina won the 1986 World Cup, producing a series of sublime individual performances.
He was largely responsible for Argentina’s World Cup victory in 1986 in Mexico, scoring two famous goals in one game against England in the quarter-finals.
He played for Barcelona and Napoli during his club career, winning two Serie A titles with the Italian side.
Maradona’s most iconic moment was arguably his infamous ‘Hand of God’ moment during Argentina versus England match in the 1986 FIFA World Cup. His second goal in the match is regarded as the “Goal of the Century”.

9. AIMPLB vice president Maulana Kalbe Sadiq passes away

Vice president of the All India Muslim Personal Law Board (AIMPLB), Maulana Kalbe Sadiq passed away.
He was born in Lucknow and was known for his lectures, mostly during Muharram.
He was an educationist, Islamic scholar and ambassador of communal amity.
Sadiq was the first to organise a Shia-Sunni namaz in the history of Lucknow. He received his early education from madrasa Sultan ul Madaris.

Miscellaneous News

10. 10th edition of National Science Film Festival begins virtually

The 10th edition of prestigious National science film festival kicked off on 24th November 2020 in a virtual mode.
The four-day long film festival has been jointly organized by Vigyan Prasar, an autonomous agency under the Department of Science and Technology, Govt. of India and the Tripura State Council of Science and Technology, Govt. of Tripura from 24 to 27 November 2020.
The science film festival offers a unique platform to showcase the science films made by professionals, amateur and student filmmakers under various themes, to promote science films in India.

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