27th August 2020 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

Here is the daily GK update of 27th August 2020 covering the following news headlines: ASI, NITI Aayog, CCI, Axis Bank, SBI Mutual Fund, NeGD.

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 27th August 2020 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

National News

1. Ministry of Culture announces 7 new circles of ASI

• The Union Minister of State for Culture and Tourism (IC), Shri Prahlad Singh Patel has announced 7 new circles of Archaeological Survey of India.
• These new circles have been formed in Madhya Pradesh, Tamil Nadu, Uttar Pradesh, Karnataka, West Bengal and Gujarat. Along with the 7 new circles, the minister also added that the Hampi Mini Circle in Karnataka has been converted into a full fledged circle.

Here is the list of all 7 new circles:

• Trichy in Tamil Nadu
• Raiganj in West Bengal
• Rajkot in Gujarat
• Jabalpur in Madhya Pradesh
• Jhansi in Uttar Pradesh
• Meerut in Uttar Pradesh
• Hampi in Karnataka

Important takeaways for all competitive exams: 

• Chief Executive Officer (CEO) of NITI Aayog: Amitabh Kant.

2. NITI Aayog to launch NDC-TIA India Component

• The India Component of the Nationally Determined Contributions (NDC)–Transport Initiative for Asia (TIA) will be launched by the NITI Aayog.
• It will aim to set up a multi-stakeholder dialogue platform in order to decarbonize transport in India.
• NITI Aayog will be the implementing partner for the India Component of NDC-TIA.

Important takeaways for all competitive exams: 

• Chief Executive Officer (CEO) of NITI Aayog: Amitabh Kant.

Business News

3. CCI approves acquisition by Lightstone Fund S.A.

• The acquisition by Lightstone Fund S.A., for and on behalf of Lightstone Global Fund (LGT) of certain equity stakes has been approved by the Competition Commission of India (CCI).
• Under Section 31(1) of the Competition Act, 2002, the Lightstone Fund S.A. will acquire certain equity stakes in 91Streets Media Technologies Pvt. Ltd. (91Streets), Ascent Health and Wellness Solutions Pvt. Ltd. (Ascent), API Holdings Pvt. Ltd. (API), Aahaan Commercials Pvt. Ltd. (Aahaan) and Lokprakash Vidhya Pvt. Ltd. (Lokprakash).

Important takeaways for all competitive exams: 

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

Banking News

4. Axis Bank introduced ‘Liberty Savings Account’ for the Indian Youth

• Axis Bank has introduced ‘Liberty Savings Account’ for the Indian Youth, to address the ever-changing lifestyle needs of young and digitally interested Indians.
• It offers a complimentary hospital cash insurance cover of up to Rs 20,000 per year, which covers hospital expenses incurred under COVID -19, which makes this a 1st of its kind savings account to cover the pandemic.
• This account targets to meet the lifestyle requirements of the working class that falls under 35 years of age.

Important takeaways for all competitive exams:

• Axis Bank Headquarters: Mumbai, Maharashtra
• Axis Bank MD and CEO: Amitabh Chaudhry
• Axis Bank Tagline: Badhti Ka naam Zindagi.

Appointments

5. Vinay Tonse becomes new MD and CEO of SBI Mutual Fund

• Vinay Tonse has been appointed as the Managing Director and Chief Executive Officer of SBI Mutual Fund (MF).
• He will replace Ashwani Bhatia, who has been now appointed as the managing director (MD) of State Bank of India.

• SBI Mutual Fund Founded: June 1987.
• SBI Mutual Fund Headquarters: Mumbai, Maharashtra.

Agreements

6. APEDA signs MoUs with AFC India Limited & NCUI, Delhi

• To synergize the activities in the interest of agriculture and allied sectors, the Agricultural and Processed Food Products Export Development Authority (APEDA) has signed MoUs with AFC India Limited, and National Cooperative Union of India (NCUI), Delhi.
• The MoU aims to employ their expertise by mutually working together to coordinate the activities in the interest of agriculture and allied sectors in order to bring better value to the stakeholders.

Important takeaways for all competitive exams:

• Chairman of Agricultural and Processed Food Products Export Development Authority: Diwakar Nath Misra.
• Managing Director, AFC India Ltd.: B.Ganeshan.

7. NeGD signs MoU with CSC E-Governance Services India Limited

• The National e-Governance Division (NeGD), Ministry of Electronics & IT (MeitY) has partnered with CSC (Common Service Center) e Governance Services India Limited.
• The partnership aims to enable delivery of UMANG services to citizens through the network of 3.75 lakh CSCs.
• The CSC operators Village Level Entrepreneurs (VLEs) will facilitate citizens to use e-Governance services of 140 Departments with the help of UMANG App.
• This will help those citizens who either do not have access to smartphones or are not comfortable accessing App based e services on their own.

Defence News

8. Raksha Mantri launches “DGNCC Training” mobile App

• The Directorate General National Cadet Corps (DGNCC) Mobile Training App has been launched by the Raksha Mantri Shri Rajnath Singh.
• The Mobile Training App will support in conducting countrywide online training of NCC cadets as it has been affected adversely due to the restrictions imposed by COVID-19.

Important takeaways for all competitive exams: 

• Director General National Cadet Corps (NCC): Lt General Rajeev Chopra.

Science and Technology

9. ISRO signs MoU with VSSUT to set up Incubation Centre

• Indian Space Research Organisation (ISRO) and Veer Surendra Sai University of Technology (VSSUT) has signed a Memorandum of Understanding(MoU) to set up the first of its kind innovation cum incubation centre, VSSUT Space Innovation Centre (VSSSIC) to promote space research.
• ISRO and VSSUT will collaborate to develop high-end simulation tools, miniature test facilities like Static test facility and solid propulsion research lab and establishment of testing facilities for the scaled-down model.

Important takeaways for all competitive exams:

• ISRO Chairman: K.Sivan.
• ISRO Headquarters: Bengaluru, Karnataka.
• VSSUT Vice-Chancellor: Atal Chaudhuri.
• VSSUT Headquarters: Sambalpur, Odisha.

Ranks & Reports

10. NITI Aayog releases report on Export Preparedness Index (EPI) 2020

• NITI Aayog has released the report on Export Preparedness Index (EPI) 2020 in partnership with the Institute of Competitiveness.
• The report evaluates the export preparedness and performance of Indian states.
• It aims to identify the challenges and opportunities; improve the effectiveness of government policies; and promote a facilitative regulatory framework.
• Gujarat, Maharashtra and Tamil Nadu occupied the top three ranks in the Export Preparedness Index (EPI) 2020.

Important takeaways for all competitive exams:

• Chief Executive Officer (CEO) of NITI Aayog: Amitabh Kant.

Sports News

11. James Anderson becomes 1st fast bowler to take 600 Test wickets

• England’s James Anderson became the first-ever fast bowler to take 600 wickets in a Test Match Cricket.
• He achieved this feat against Pakistan when he dismissed Azhar Ali.
• Overall he is the 4th bowler to take 600 test wickets after 3 spinners Muttiah Muralitharan, Shane Warne, and Anil Kumble.
• Anderson, who made his Test debut in 2003 against Zimbabwe, had become the highest wicket-taker among seamers in 2018 when he dismissed Mohammed Shami against India at The Oval to go past Glenn McGrath’s tally of 563 Test wickets.

Books and Authors

12. A book title ‘Cricket Drona’ on renowned coach Vasoo Paranjape

• A book title ‘Cricket Drona’ on renowned coach Vasudev Jagannath Paranjpe or Vasoo Paranjape will be released on September 2, 2020.
• The book is written by Vasudev Jagannath Paranjpe’s son and current national selector Jatin Paranjpe along with Cricket Journalist Anand Vasu and published by Penguin.
• The book talks about the impact of Paranjpe on shaping the careers of India’s greatest cricketers like Gavaskar, Tendulkar, Rahul Dravid and Rohit Sharma.
• The book will be a first-hand chronicle of stories, life lessons and game-changing experiences written by people who have crossed paths with Vasudev Paranjpe at some point in their career.
• The book also consists of essays written by Sachin Tendulkar, Rahul Dravid and Sunil Gavaskar.

Important Days

13. World Water Week 2020: 24-28 August

• The World Water Week 2020 is observed as the World Water Week at Home (WWWeek at Home) from 24th August to 28th August 2020.
• The theme for World Water Week 2020 at Home is ‘Water and Climate change: Accelerating Action’.
• The World Water Week is an annual global event organized by Stockholm International Water Institute (SIWI) since 1991 to address the planet’s water issues and related concerns of international development.
• The World Water Week 2020 has been organised from 24-28 August in virtual format due to the COVID-19 pandemic.

Important takeaways for all competitive exams:

• SIWI Executive Director: Torgny Holmgren.
• SIWI Headquarters: Stockholm, Sweden.

14. Women’s Equality Day 2020

• The 100th anniversary of the Women’s Equality Day is being observed in the United States on August 26, to commemorate American women getting the constitutional right to vote.
• Women’s Equality Day is now often observed across the world to encourage and spread awareness about women’s empowerment.

Obituaries

15. Writer-journalist Gail Sheehy passes away

• Writer-journalist, Commentator and Pop sociologist, Gail Sheehy passed away. Her best-selling book “Passages: Predictable Crises of Adult Life” was published in 1976.
• Sheehy’s honors included the National Magazine Award, the Anisfield-Wolf Book Award and a citation from the American Psychological Association.

Miscellaneous News

16. NHAI develops a “Vendor Performance Evaluation System”

• National Highways Authority of India (NHAI) has developed a “Vendor Performance Evaluation System” to create a transparent and comprehensive ‘Performance Rating’ System for its Consultants, Contractors and Concessionaires.
• NHAI has also commenced the portal based objective assessment of vendors to track the performance of the vendors for various NHAI projects.
• The vendors are required to conduct a self-assessment on the portal. They are required to upload the documents pertaining to the project activities being executed by them.
• NHAI will evaluate this data and generate ratings for the Vendors and will be shared with them. Those vendors who were unable to upload the requisite documents on the portal will not be permitted to participate in the bids of NHAI.

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