30th September 2020 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

Here is the daily GK update of 30th September 2020 covering the following news headlines: NABARD, RBI, IDBI Bank, Flipkart, NITI Aayog, Shekhar Kapur, PATA Grand Award 2020.

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 30th September 2020 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

National News

1. NABARD to undertake Sanitation Literacy Campaign in Karnataka

• The National Bank for Agriculture and Rural Development will begin a Sanitation Literacy Campaign (SLC) in Karnataka to promote literacy on ‘WASH’ (Water, Sanitation and Hygiene) in 2,000 villages covering one lakh rural population.
• The objective of the campaign is to focus on inculcating significant behavioural changes towards adapting good hygiene and sanitation practices.
• The campaign will start from October 2 and continue till January 26, 2021. In the past, NABARD also supported the construction of 3.29 crore household toilets disbursing 27,298 crore rupees across the country.

Important takeaways for all competitive exams:

• Chairman of National Bank for Agriculture and Rural Development: Govinda Rajulu Chintala.

Banking & Business News

2. Vakrangee gets RBI approval to set up BBPS unit

• The Reserve Bank of India (RBI) has granted in-principle approval to Vakrangee Ltd to set up Bharat Bill Payment Operating Unit (BBPOU) to handle payment services related to bills.
• With in-principle authorisation from RBI, Vakrangee Ltd will set up and operate BBPOU under the Payment and Settlement Systems Act, 2007 and will now be able to directly handle payment and aggregation of payment services relating to bills under the scope of BBPS (Bharat Bill Payment System).
• The company offers banking, insurance, money transfer services, e-commerce, e-governance and other digital services on behalf of its partner banks, insurers, government agencies, e-commerce players among others through its branches mostly located in rural and semi-urban areas.

Important takeaways for all competitive exams: 

• RBI 25th Governor: Shaktikant Das; Headquarters: Mumbai; Founded: 1 April 1935, Kolkata.

3. IDBI Bank becomes 1st bank to enable document embedding feature on SFMS

• Industrial Development Bank of India (IDBI) become the first to implement the new feature of document embedding facility with Letter of Credit (LC) / Bank Guarantee (BG) messages over SFMS (Structured Financial Messaging System) platform of Indian Financial Technology and Allied Services (IFTAS).
• The process would be conducted via a middleware application “i@Connect-SFMS (CSFMS) developed by IDBI Intech.
• This new feature of “document embedding” provides banks with the functionality of transmitting a “pdf” document up to 1MB size along with the LC / BG messages.
• Through this feature, there will be the transmission of digitally signed documents which ensure the reliability of the transaction.
• The objective of this new feature is to further digitise the trade finance transactions and to secure the financial communication system.

Important takeaways for all competitive exams: 

• IFTAS is a wholly-owned subsidiary of Reserve Bank of India (RBI).
• IFTAS Chairman: Tavarna Rabi Sankar.
• IFTAS CEO: Dr N. Rajendran.
• IFTAS Headquarter: Mumbai, Maharashtra.
• IDBI Bank Chairman: MR Kumar.
• IDBI Bank MD & CEO: Rakesh Sharma.
• IDBI Bank Headquarter: Mumbai, Maharashtra.
• IDBI BankTagline: Banking for All, Aao sochein Bada.

4. Flipkart & Bajaj Allianz launch cyber insurance cover

• E-commerce marketplace, Flipkart and Bajaj Allianz General Insurance have launched a cyber insurance cover for online financial frauds.
• The product, ‘Digital Suraksha Group Insurance’, will help customers who want to cover themselves against financial losses caused as a result of cyber attacks, cyber frauds, or other such malicious activities across various online platforms.
• Customers can opt for a one-year cover at premiums as low as Rs 183 for a cover of ₹50,000.
• It will compensate for direct financial loss (up to the sum insured) due to unauthorised digital financial transactions as a result of identity theft arising out of cyber-attacks, phishing/spoofing, and SIM-jacking.

Important takeaways for all competitive exams:

• Flipkart headquarters: Bengaluru, Karnataka.
• Flipkart CEO: Kalyan Krishnamurthy.
• Bajaj Allianz General Insurance CEO: Tapan Singhel.
• Bajaj Allianz General Insurance Headquarters: Pune, Maharashtra.

Agreements & MoUs

5. NITI Aayog & Embassy of the Netherlands signs Statement of Intent

• NITI Aayog and Embassy of the Netherlands, New Delhi, has signed a Statement of Intent (SoI) to support the decarbonization and energy transition agenda for accommodating cleaner and more energy.
• The focus of the partnership is on co-creating innovative technological solutions by leveraging the expertise of the two entities.
• Through this collaboration, NITI Aayog and the Dutch Embassy seek a strategic partnership to create a platform that enables a comprehensive collaboration among stakeholders and influencers, including policymakers, industry bodies, OEMs, private enterprises, and sector experts.

Important takeaways for all competitive exams:

• Chief Executive Officer of NITI Aayog: Amitabh Kant.
• Prime Minister of Netherland: Mark Rutte.
• Capital of Netherland: Amsterdam; Currency of Netherland: Euro.

Appointments

6. Filmmaker Shekhar Kapur named FTII governing council chairman

• Ministry of Information and Broadcasting has announced Shekhar Kapur as the new President of Film and Television Institute of India (FTII) Society and Chairman of FTII Governing Council.
• His tenure will be till March 3, 2023.
• Kapur, known for films like Masoom (1983), Mr India (1987), Elizabeth (1998) and Bandit Queen (1994), will replace television producer BP Singh.
• Singh’s tenure had ended in March 2020 but he was given an extension owing to the coronavirus situation.

Important takeaways for all competitive exams: 

• The Film and Television Institute of India (FTII) was set up by the Government of India in 1960, in the premises of the erstwhile Prabhat Studios in Pune.

Awards & Rewards

7. Kerala Tourism wins PATA Grand Award 2020

• Kerala Tourism’s ‘Human by Nature Print Campaign’ bagged the Prestigious Pacific Asia Travel Association (PATA) Grand Title Winner 2020 for Marketing.
• The awards were announced during a presentation ceremony of Virtual PATA Travel Mart 2020 in Beijing. The PATA Awards are supported and sponsored by Macao Government Tourist Office (MGTO).
• ‘Human by Nature’ was a marketing strategy to revive tourism that was hit by the 2018 floods and the Nipah outbreak. Showcasing culture and daily life of the people, it was conceptualised and scripted by Stark Communications.
• The campaign had helped Kerala Tourism achieve record growth of 17.2% in tourism arrivals in 2019, the highest in 24 years.

The PATA Grand Title Winners are presented to outstanding entries in Three Categories:

• Marketing,
• Sustainability
• Human Capital Development

PATA Grand Title Winners 2020:

Important takeaways for all competitive exams: 

• Pacific Asia Travel Association (PATA) Chairman: Chris Bottrill.
• Pacific Asia Travel Association Headquarters: Bangkok, Thailand.

8. Sonu Sood honoured with Special Humanitarian Action Award by UNDP

• Bollywood actor, Sonu Sood has been conferred the prestigious SDG Special Humanitarian Action Award by the United Nations Development Programme (UNDP) on 28 September 2020 during a virtual ceremony.
• He has received the award for selflessly extending a helping hand and sending lakhs of migrants, stranded students across geographies abroad, back to their homes.
• Besides that, he has also been providing free education and medical facilities to young children and has been creating free employment opportunities to the needy in the wake of the COVID-19 pandemic.
• With this prestigious honour, Sood joins the likes of Angelina Jolie, David Beckham, Leonardo DiCaprio, Emma Watson, Liam Neeson, Cate Blanchett, Antonio Banderas, Nicole Kidman and Priyanka Chopra who have been similarly honoured by different UN bodies.

9. Shanti Swarup Bhatnagar Prize 2020 announced

• The Shanti Swarup Bhatnagar Prize 2020 was announced by the Union science and technology minister Dr Harsh Vardhan at the Foundation Day celebration of the Council for Scientific and Industrial Research (CSIR) on 26th September.

The Prize is awarded annually for notable and outstanding research, applied or fundamental, in the following disciplines:

• Biological Sciences
• Chemical Sciences
• Earth, Atmosphere, Ocean and Planetary Sciences
• Engineering Sciences
• Mathematical Sciences
• Medical Sciences
• Physical Sciences

Here is the list of 14 Fourteen scientists awardees:

Biological Sciences:

• Dr Subhadeep Chatterjee,
• Dr Vatsala Thirumalai

Chemical Sciences

• Dr Jyotirmayee Dash,
• Dr Subi Jacob George

Earth, Atmosphere, Ocean and Planetary Sciences

• Dr Abhijit Mukherjee
• Dr Suryendu Dutta

Engineering Sciences

• Dr Amol Arvindrao Kulkarni
• Dr Kinshuk Dasgupta

Mathematics Sciences

• Dr UK Anandavardhanan,
• Dr Rajat Subhra Hazra

Medicine Sciences

• Dr Bushra Ateeq,
• Dr Ritesh Agarwal

Physics Sciences

• Dr Rajesh Ganapathy
• Dr Surajit Dhara

Defence News

10. BrahMos Missile featuring Indigenous Booster successfully flight tested

• BrahMos surface-to-surface supersonic cruise missile featuring indigenous Booster and Airframe Section along with many other ‘Made in India’ sub-systems was successfully flight tested from ITR, Balasore in Odisha.
• It is one more major step in enhancing the indigenous content. The BrahMos Land-Attack Cruise Missile (LACM) was cruising at a top speed of Mach 2.8.
• The successful flight testing of BrahMos surface-to-surface supersonic cruise missile featuring indigenous Booster has paved the way for the serial production of the indigenous booster and other indigenous components of the powerful BrahMos Weapon System realising Atmanirbhar Bharat pledge.

Important takeaways for all competitive exams:

• Union Minister of Defence: Shri Rajnath Singh.
• Chairman of Defence Research and Development Organisation: Dr G. Satheesh Reddy.

11. Defence Minister launches “Defence India Startup Challenge-4”

• Raksha Mantri Shri Rajnath Singh launched the Defence India Startup Challenge (DISC 4) during the iDEX event. iDEX4Fauji initiative and Product Management Approach (PMA) guidelines were also launched by the Raksha Mantri during the event.
• Each of these initiatives is expected to facilitate iDEX-Defence Innovation Organisation (DIO) to scale up the program qualitatively and quantitatively.
• iDEX4Fauji is a first of its kind initiative, launched to support innovations identified by members of the Indian Armed Forces and will bolster frugal innovation ideas from soldiers/ field formations.
• iDEX4Fauji will allow our soldiers to become part of the innovation process and get recognised and rewarded.
• Under Defence India Startup Challenge (DISC) 4, eleven challenges from Armed forces were thrown open to prospective startups, innovators, MSMEs alike to provide their innovative ideas on technologies which find their application in the defence sector.

Books & Authors

12. Rajnath Singh launched a book titled ‘A bouquet of flowers’

• Defence Minister Rajnath Singh has launched a book titled ‘A bouquet of flowers’ written by Dr Krishna Saksena.
• Dr Krishna Saksena is the first lady to get a PhD, in 1955 from Lucknow in Uttar Pradesh.
• The book has been designed to allow the readers to travel their own journey and arrive at their own very personal realization and be inspired by it.

Important Days

13. International Translation Day: 30 September

• International Translation Day is observed on 30th September every year.
• The day aims to celebrate the work of language translation professionals which facilitates dialogue, understanding and cooperation, contributing to the development and strengthening world peace and security.
• The day also marks the feast of St. Jerome, the Bible translator who is considered the patron saint of translators.
• International Translation Day 2020 theme: “Finding the words for a world in crisis”.

Important takeaways for all competitive exams:

• International Federation of Translators President: Kevin Quirk.
• International Federation of Translators Secretary-General: Real Paquette.

Obituaries News

14. Veteran writer and critic Dr. G S Amur passes away

• Veteran writer and critic Dr G S Amur passed away. He was proficient in Kannada and English languages.
• He had won many awards including Sahitya Akademi Award, Rajyotsava Award and Bharatiya Bhasha Award.

Some of his books:

• English: ‘Forbidden Fruit, Views on Indo-Anglian Fiction’ and ‘Colonial Consciousness in Commonwealth Literature’.
• Kannada: ‘Arthaloka’, Are Kannada Kadambariya Belavanige’, ‘Vyavasaya’ and ‘Kaadambariya Swaroopa’.

15. Veteran songwriter Abhilash passes away

• Veteran songwriter, Abhilash passed away. He was best known for the song ‘Itni Shakti Hame Dena Daata’ from the 1986 film Ankush.
• His real name was Om Prakash. His song ‘Itni Shakti Hame Dena Daata’ has been translated into eight languages and is played as a prayer song across schools and other institutions even today.
• In a career spanning five decades, Abhilash wrote songs for films such as Raftaar (1975) and Awara Ladki (1975) and worked for composers such as Usha Khanna and Bappi Lahiri.
• He also wrote songs for films such as Sawan Ko Aane Do (1979), Jeete Hain Shaan Se (1988) and Hulchul (1995).

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