Daily GK Update 27 February 2020: Read Daily GK-Current Affairs Update

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

National News

1. Harsimrat Kaur Badal launches MIEWS Portal for Monitoring prices of TOP Crops

Union Minister of Food Processing Industries Harsimrat Kaur Badal has launched the– Market Intelligence and Early Warning System (MIEWS) Web Portal. The portal can be accessed at http://miews.nafed-india.com. The MIEWS Dashboard and Portal is a ‘first-of-its-kind’ platform for ‘real-time monitoring’ of prices of tomato, onion and potato (TOP) and for simultaneously generating alerts for intervention under the terms of the Operation Greens(OG) scheme.

2. Higher Education Leadership Development Programme launched in New Delhi

A Higher Education Leadership Development Programme for Administrator has been launched by the Union Minister for Human Resource Development, Ramesh Pokhriyal. This programme is a joint initiative of UGC and British Council under the aegis of UK India Education and Research Initiative (UKIERI).

Appointments

3. Mastercard CEO Ajay Banga to step down

Mastercard Chief Executive Officer Ajay Banga will step down at the start of the next year and will be replaced by Chief Product Officer Michael Miebach.

Important takeaways for all competitive exams:

• President of Mastercard South Asia: Porush Singh.
• Mastercard Founded: 1966;  Headquarters: New York, US.

4. Rajesh Kumar becomes new MD & CEO of CIBIL

TransUnion Cibil, the largest credit information bureau appointed Rajesh Kumar of HDFC Bank as its new managing director and chief executive. He will succeed Satish Pillai

Important takeaways for all competitive exams:

5. Maria Sharapova announces retirement from tennis

Five-time Grand Slam champion Maria Sharapova has announced her retirement from tennis. The Russian won her first Grand Slam at Wimbledon in 2004 aged 17 and completed the career slam, all four major titles, by winning the French Open in 2012.

6. Jawed Ashraf becomes India’s next Ambassador to France

Jawed Ashraf has been appointed as the next Ambassador of India to France. He is presently High Commissioner of India to the Republic of Singapore. He will succeed Vinay Mohan Kwatra. Vinay Mohan Kwatra will become the next Ambassador of India to Nepal, he will succeed Manjeev Singh Puri.

Important takeaways for all competitive exams:

• President of France: Emmanuel Macron.
• Capital of France: Paris.
• Currency of France: Euro, CFP Franc.

Defence

7. India-UK joint Air Force Exercise Indra Dhanush Exercise 2020 began

The 5th edition of the Exercise Indra Dhanush 2020 commenced on 24th February. It is a joint air force exercise between Indian Air Force (IAF) and British Royal Air Forces (RAF) has commenced at Air Force Station Hindan in Uttar Pradesh (UP).

Important takeaways for all competitive exams:

Banking

8. RBI allows Bandhan Bank to open new branches without prior permission

The Reserve bank of India removes the restrictions placed on Bandhan Bank, allowing it to open new branches without prior permission. The RBI came up with some regulatory conditions & directed the bank to order about 25% of the total banking outlets to be opened in rural areas where banking facilities are not available.

Important takeaways for all competitive exams:

• Bandhan Bank Non–Executive Chairman:  Anup Kumar Sinha
• MD and CEO of Bandhan Bank: Chandra Shekhar Ghosh.
• Bandhan Bank Founded: 23 August 2015.
• Bandhan Bank Headquarters: Kolkata, West Bengal
• Bandhan Bank Tagline: Aapka Bhala, Sabki Bhalai.

9. “EASE 3.0” launched for tech-enabled banking for aspiring India

“Enhanced Access and Service Excellence (EASE) 3.0” has been launched by Finance Minister Nirmala Sitharaman along with the EASE 2.0 Annual Report at Indian Banks’ Association function. This has been launched for smart, tech-enabled banking for aspiring India.

Business

10. ADB raises $118 million from rupee-linked bonds

The Asian Development Bank (ADB) has raised Rs 850 crore (USD 118 million) from a new issue of offshore Indian rupee-linked 10-year bonds. This represents ADB’s first new maturity raised in Indian rupees since 2017 and contributes to an established yield curve which stretches from 2021 through 2030 with Rs 7,240 crore (USD 1 billion) of outstanding bonds. ADB’s India rupee bonds have been a “game-changer” for local currency operations.

Important takeaways for all competitive exams:

• Formation of ADB: 19 December 1966.
• Headquarters of ADB: Manila, Philippines.
• Membership of ADB: 68 countries.
• President of ADB: Masatsugu Asakawa.

Summit and Conferences

11. RAISE 2020 Summit to be held in New Delhi

The Government of India (GoI) announced the mega event, RAISE 2020- ‘Responsible AI for Social Empowerment 2020,’ to be held from April 11-12 in New Delhi. RAISE 2020 is India’s first Artificial Intelligence summit to be organized by the Government in partnership with Industry & Academia.

Important takeaways for all competitive exams:

• Minister of Science and Technology and Minister of Earth Sciences: Harsh Vardhan.

Ranks and Reports

12. India ranked 3rd in Hurun Global Rich List 2020

Hurun Report has released the Hurun Global Rich List 2020. The Hurun Global Rich List 2020 is a ranking of the US-Dollar billionaires in the world. The 9th edition of the Hurun Global Rich list ranked 2,816 billionaires from 71 countries and from 2,182 companies.

Here is the list of top ten people in Hurun Global Rich List 2020:

Here is the list of top ten countries in Hurun Global Rich List 2020:

Important Days

13. World NGO Day observed globally on 27 February

World NGO Day is observed globally on 27 February. The day aims to raise awareness about the Non-Governmental Organisation (NGO) sector. The day is observed every year to encourage people worldwide who are involved and dedicatedly working for a good cause. The day highlights the achievements and success of NGOs from all the sectors across the globe. The day makes people understand the role of NGOs in society.

Important takeaways for all competitive exams:

Miscellaneous

14. CBSE has launched an Exam center locator app “CBSE ECL”

The Central Board of Secondary Education has launched an Exam center locator app “CBSE ECL” as well as an Online Exam Center Management System “OECMS”. The “CBSE ECL” is a mobile application which helps the students to locate their examination center and see the distance between current location and examination center.

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