27th February 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

Here is the Daily GK Update of 27th February 2021 covering the following news headlines: World NGO Day, 2nd Khelo India National Winter Games, National Statistical Office, JPMorgan, State Bank of India.

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 banking terms, current affairs news, etc. So, here is the GK update of 27th February 2021 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

National News

1. PM Modi virtually addresses 2nd Khelo India National Winter Games

• Prime Minister Narendra Modi has delivered the inaugural address at the 2nd Khelo India National Winter Games through a video conference.
• The second edition of the Khelo India-Winter Games has been organised at the world-famous ski-resort Gulmarg in the Baramulla district of Jammu and Kashmir.
• The event has been organised by the Union Ministry of Youth Affairs and Sports, in collaboration with the Jammu and Kashmir Sports Council and the Winter Games Association of J&K. The sports activities at the games will include alpine skiing, nordic ski, snowboarding, ski mountaineering, ice hockey, ice skating, ice stock etc.

Important takeaways for all competitive exams:

• Union Minister of Youth Affairs and Sports: Kiren Rijiju.

Economy News

2. NSO expects the Indian economy to contract by 8% in 2020-21

• The GDP growth of India during 2020-21 is estimated to contract 8 per cent, as per the second advanced estimates projected by the National Statistical Office (NSO).
• This was 4.9 per cent in 2019-20. NSO had projected a GDP contraction of 7.7 per cent in its first advance estimate.

Banking News

3. SBI joins JPMorgan’s blockchain payments network

• State Bank of India has tied up with JPMorgan to use the US bank’s blockchain technology to speed up overseas transactions.
• The tie-up is expected to reduce SBI customers’ transaction costs and time taken for payments. SBI has joined Liink, a new blockchain-based interbank data network developed by JPMorgan. By integrating the technology, the bank expects to reduce transaction costs and improve cross-border payments for its customers.
• Liink is a peer-to-peer network and ecosystem operating under the umbrella of JPMorgan’s blockchain- and digital-currency-focused business, dubbed Onyx.
• Piloted in 2017, the product was originally referred to as Interbank Information Network and rebranded as Liink in October 2020.
• The Liink solution has enlisted more than 400 financial institutions and corporations in 78 countries, including 27 of the world’s top 50 banks. The network has around 100 live banks on the network, including both state-owned and private institutions.

Important takeaways for all competitive exams:

Appointments News

5. Russian supermodel Vodianova is new UN goodwill ambassador

• Russian supermodel and philanthropist Natalia Vodianova has become a United Nations goodwill ambassador, to promote the sexual and reproductive rights of women and girls and tackle stigmas surrounding their bodies.
• She will be a campaigner for the UN Population Fund, which now calls itself the UN”s sexual and reproductive health agency, known as UNFPA.

Important takeaways for all competitive exams:

• UNFPA Headquarters: New York, New York, United States.
• UNFPA Head: Natalia Kanem.
• UNFPA Founded: 1969.

6. AU Small Finance Bank has named Sharad Goklani as President & CTO

Sports News

7. R. Vinay Kumar announces retirement from all forms of cricket

• Former India international and Karnataka captain, R Vinay Kumar has announced retirement from all forms of cricket. The “Davangere Express” after running for 25 years and passing so many stations of cricketing life, has finally arrived at the station called retirement.
• Vinay, a medium-pacer, represented India in one Test, 31 ODIs and 9 T20Is between 2010 and 2013. Vinay retires as a domestic giant of Indian cricket having taken 504 first-class wickets in 139 matches that included 26 five-wicket hauls and five 10-wicket hauls in a match.With the bat, he scored 3311 runs including two centuries and 17 half-centuries.
• In 141 List A matches, the 37-year-old took 225 wickets at 24.39 and scored 1198 runs including four half-centuries.

8. Yusuf Pathan announces retirement from all forms of cricket

Important Days

9. World NGO Day: 27 February

• World NGO Day is celebrated every year on 27th February globally. World NGO Day aims to inspire people to become more actively involved within NGOs (Charities, NPOs, CSOs) and encourage a greater symbiosis between NGOs and both the public and private sector.
• The universal concept of World NGO Day is Celebrate, Commemorate and Collaborate the various NGOs around the world, and the people behind them. World NGO Day is a day for NGOs around the globe to share knowledge and experiences with one another.
• The Day was officially recognised and declared by the 12 member countries (Belarus, Denmark, Estonia, Finland, Germany, Iceland, Latvia, Lithuania, Poland, Russia, Norway and Sweden). It was marked for the first time by the UN, EU leaders and international organisations in 2014.

Obituaries News

10. Padma Shri Malayalam Poet Vishnunarayanan Namboothiri passes away

• Renowned Malayalam poet, the priest and academician Vishnu Narayanan Namboothiri, has passed away. He was honoured with the Padma Shri in 2014, for his contribution to the world of Malayalam literature for decades.
• He also won the Kerala Sahitya Akademi Award, Kendra Sahitya Akademi Fellowship, Vallathol Award, Odakkuzhal Award and the Mathrubhumi Literary Award, among others. He was also a noted scholar of language and the Vedas, as well as an orator.

11. Papua New Guinea’s first Prime Minister, Michael Somare, passes away

• The first prime minister of Papua New Guinea, Michael Somare has passed away. He was known as the “father of the nation” because he led the Pacific archipelago to independence from Australia in 1975.
• He had served as the prime minister of the country four times, between 1975 to 2011, and has been the longest-serving prime minister (17 years).

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27th February 2021 Current Affairs | Current Affairs Today | Daily Current Affairs 2021

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