Daily GK Update 07th March 2020: Read Daily GK-Current Affairs Update

Table of Contents

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 07th March 2020 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

National News

1. GoI targets to replace All level crossings on NH by Over/under Bridges

The Union Government of India is envisaging to replace all level crossings on National Highways by Over/under Bridges. The replacement of all the level crossings on National Highways by Road Over Bridges or Road Under Bridges will be executed under the Setu Bharatam scheme. The whole replacement work will be executed by Road Transport and Highways Ministry.

Important takeaways for all competitive exams:

Union Minister for Road Transport and Highways: Nitin Jairam Gadkari.

2. EPFO slashes interest rate on deposits to 8.5% for 2019-20

Employees’ Provident Fund Organization (EPFO), the retirement fund body has lowered the interest rate from 8.65% to 8.50% on provident fund deposits for the financial year 2019-20. The announcement of the reduced interest rate was made by Labour Minister Santosh Gangwar.

International News

3. Annual Festival of St Antony’s Shrine begins in Katchatheevu Island

The annual festival of St Antony’s Shrine begins in Katchatheevu Island of Sri Lanka. The festival began with the traditional flag hoisting ceremonies. St Antony is being worshiped by the devotees as the patron saint of sea farers. The festival celebrations also featured the participation of more than 3,000 devotees from India. As per an agreement between the two governments, Indians are not required to possess an Indian passport or Sri Lankan visa for visiting Kachchatheevu.

State News

4. Mizoram celebrates “Chapchar Kut” the festival of Mizos

The celebration of festival “Chapchar Kut” has commenced in the state of Mizoram. Chapchar Kut is the biggest and the most joyful spring festival of Mizos. This festival is held when the bamboos and trees that have been cut down are being awaited to dry to be burnt for jhumming. The celebrations of the festival started with mega event held at Aizawl.

Important takeaways for all competitive exams:

- Chief Minister of Mizoram: Pu Zoramthanga.
- Governor of Mizoram: P.S. Sreedharan Pillai.

Agreements

5. DAY-NULM partners with Amazon for e-marketing of products

Amazon has partnered with the Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM) under Ministry of Housing and Urban Affairs to facilitate e-marketing of products which are made by Self Help Groups (SHGs) across the nation in urban areas. The collaboration will also help in documenting and preserving the unique traditional art and crafts of different states. This kind of partnership was also done by DAY-NULM with Flipkart in the past.

Important takeaways for all competitive exams:

Ministers of State (I/C) for Housing and Urban Affairs: Hardeep Singh Puri.
Chief Executive Officer of Amazon: Jeff Bezos.

Ranks and Reports

6. BRAC tops the list of top 500 Global NGOs

BRAC is an international development organization that has topped the list of top 500 Global Non-Governmental Organisations (NGOs). The list of the top 500 global NGOs of year 2020 was released by Geneva-based organization NGO Adviser. The Bangladesh based international development organization, BRAC has retained its 1st rank in the list for the 5th consecutive year.

Important takeaways for all competitive exams:

Chairman of BRAC Global Board: Ameerah Haq.

Important Days

7. 7th March celebrated as Jan Aushadhi Diwas

India celebrates 7th of March every year as Jan Aushadhi Diwas. The days aims to create awareness and providing thrust to the use of generic medicines. Janaushadhi Kendras is the world’s biggest retail pharma chain having around 6,200 outlets in 700 districts of the country. It also provides a good source of self-employment with sustainable and regular earnings.

Defence News

8. Indian Army organizes Self Defence Training for Women

A unit of Indian Army has organized a Self Defence Training demonstration for Women with a theme of “Stronger You Stronger Society” for the local womenfolk in Nalbari district of Assam. The training demonstration was held with an objective of addressing fear and to empower the girls morally, mentally and physically to defend themselves in any set of circumstances. The demonstration also featured the participation of around 250 girl students and staffs from various academic institutions of the Nalbari district.

Important takeaways for all competitive exams:

28th Chief of Army Staff: General Manoj Mukund Naravane.
Chief Minister of Assam: Sarbananda Sonowal, Governor: Jagdish Mukhi.

Miscellaneous News

9. Kareena Kapoor becomes new brand ambassador of Puma

Global sports brand PUMA has signed bollywood actor Kareena Kapoor Khan as its new brand ambassador. She will be the face of the sports brand for its studio Collection which involves a low-intensity training apparel collection for yoga, barre and pilates workouts. Puma provides performance and sport-inspired lifestyle products in various games ranging from football, running and training, basketball, golf to motorsports.

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