Daily GK Update 7 February 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 7 February 2020 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

National Current Affairs

1. SC notify all states to established Gram Nyayalayas

The Supreme Court has directed the states to establish Gram Nyayalayas within four weeks’. Gram Nyayalayas are mobile village courts established under Gram Nyayalayas Act,2008.

Important takeaways for all competitive exams:

Chief Justice of India: Sharad Arvind Bobde; Founded: 28th January 1950.

2. ‘Pink City’ becomes certified UNESCO World Heritage City

Jaipur “The Pink City” has been certified by the United Nations Educational Scientific and Cultural Organisation (UNESCO) as the World Heritage site. The certification was done by the UNESCO Director General Audrey Azoulay during an event held in Jaipur, Rajasthan. As part of certification, the World Heritage City certificate was handover by UNESCO Director General to Minister of Urban Development Shanti Dhariwal.

Important takeaways for all competitive exams:

CM of Rajasthan: Ashok Gehlot; Governor: Kalraj Mishra; Capital: Jaipur.

International Current Affairs

3. Britain’s Prince unveils children’s protection fund for India

Britain’s Prince Charles has unveiled a new children’s protection fund for India as part of British Asian Trust. The charity founded by him in 2007 to fight poverty in South Asia. American singer Katy Perry as the ambassador of the new fund.

Important takeaways for all competitive exams:

British Asian Trust was chaired by Indian-origin businessman Manoj Badale.
British Asian Trust founded: 2007.
British Asian Trust founder: Prince Charles.

States Current Affairs

4. Janasevaka scheme launched by Karnataka Government

To ensure the home delivery of the government services, Karnataka Government has launched a scheme “Janasevaka”. The scheme is initially launched in a few municipal corporation wards to ensure home delivery of various services.

Appointments

5. Jeff Weiner to step down as the Chief Executive Officer of LinkedIn Corporation

LinkedIn Corp. Chief Executive Officer Jeff Weiner is stepping down in the role. Jeff Weiner will become executive chairman after 11 years as CEO of the Microsoft-owned business. Ryan Roslansky, senior vice president of product, will become CEO as of June 1. Roslansky has been at LinkedIn for more than 10 years. He will report to Microsoft CEO Satya Nadella and join Microsoft’s senior leadership team.

Important takeaways for all competitive exams:

LinkedIn Corp: Founded: 2002.
LinkedIn Corp: Headquarters: Sunnyvale, California, United States.

6. Rishabh Pant becomes brand ambassador of JSW Steel

Jindal South West (JSW) Steel has appointed Indian cricketer Rishabh Pant as its brand ambassador. Pant will help promote JSW’s steel products which include Colouron+ colour-coated sheets and JSW Neosteel TMT bars, for a three year period.

Important takeaways for all competitive exams:

JSW steel Founded: 1982.
JSW steel Headquarters: Mumbai, Maharashtra.
JSW steel Founder: Sajjan Jindal.

Agreements

7. IOC signs 1st term contract for Russian crude oil

Indian Oil Corp (IOC) and Russian Rosneft signed 1st term contract for importing 2 Million Metric Tonnes of Urals grade crude oil to India for the year 2020. India is the 3rd largest Energy Consumer in the world, India imports globally 83% of oil to meet its oil need. India has to enlarge its sources for oil imports away from the Middle East oil-producing countries.

Important takeaways for all competitive exams:

Headquarters of Indian Oil Corp: New Delhi, Mumbai (Registered Office)
Founded of Indian Oil Corp: 1959.
Chairman of Indian Oil Corp: Sanjiv Singh.

Banking

8. RBI to conduct “Financial Literacy Week 2020”

The Reserve Bank of India (RBI) will conduct the “Financial Literacy Week 2020″ from February 10 to February 14, 2020. The theme of the Financial Literacy Week 2020 is “Micro, Small and Medium Enterprises (MSMEs)”. This year India’s central bank is focusing on the Micro, Small and Medium Enterprises. The Financial Literacy Week 2020 will aim to aware people about the formalisation, collateral free loan, discounting of receivables, rehabilitation of stressed units and timely repayment.

Important takeaways for all competitive exams:

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

Awards

9. President of India presents International Gandhi Awards for Leprosy 2019

The President of India, Ram Nath Kovind has presented the International Gandhi Awards for Leprosy for the year 2019 to Dr N.S. Dharmashaktu under the Indian nomination (individual) category and the Leprosy Mission Trust under the institutional category in New Delhi.

Ranks and Reports

10. India ranked 2nd in producer of Crude Steel

As per World Steel Association data, India became the second-largest steel producer of crude steel after China 2019, by replacing Japan. India’s crude steel production in 2019 was at 111.2 MT, an increase of 1.7 per cent from 109.3 MT in 2018. China remains number one with 996.3 million tonnes in 2019. The United States and Russia rank fourth and fifth respectively.

Here is the list of Top 5 Crude steel producers in the world in 2019:

Rank	Country	Qty (mt)
1.	China	996.3
2.	India	111.2
3.	Japan	99.3
4.	USA	87.9
5.	Russia	71.6

Important takeaways for all competitive exams:

Union Minister of Steel: Dharmendra Pradhan.

Summits and Conferences

11. “Central Asia Business Council” launched in New Delhi

The “Central Asia Business Council” was launched in New Delhi. The event was organized by Federation of Indian Chambers of Commerce & Industry (FICCI) and addressed by India’s External Affairs Minister Dr S Jaishankar. This was the first instance when the business chambers of all five Central Asian states i.e. Kazakhstan, Kyrgyzstan, Uzbekistan, Turkmenistan and Tajikistan, were brought together by India to push trade and investment partnership.

12. Lucknow hosts 5th India-Russia Military Industrial Conference

Lucknow hosted the 5th India-Russia Military Industrial Conference. The India-Russia Military Industrial Conference was attended by over 100 Russian and over 200 Indian industry leaders. The conference was held on the sidelines of the Defence Expo 2020 taking place in Lucknow, Uttar Pradesh. Indian & Russian companies signed Memorandum of Understanding under the Make in India initiative and will boost the high level strategic and real technological partnership between the two countries.

13. 22nd International Seafood Show begins in Kochi

The 22nd edition of India International Seafood Show (IISS) begins in Kochi, Kerala. The Marine Products Export Development Authority (MPEDA), under the Ministry of Commerce and Industry, Government of India, in association with the Seafood Exporters Association of India (SEAI), is organized this event.

The theme of this year’s seafood show is “Blue Revolution- Beyond Production to Value Addition”.

Important takeaways for all competitive exams:

Chairman of Marine Products Export Development Authority: K.S. Srinivas.
Marine Products Export Development Authority headquarters: Kochi.
Marine Products Export Development Authority founded: 1972.

Sports

14. Hockey India & SAI to establish High Performance Hockey Centres

Hockey India and Sports Authority of India (SAI) has announced the plan of establishing the High Performance Hockey Centres. These High Performance Hockey Centres aims to provide state-of-the-art facilities to junior and sub-Junior players and to groom the young talent in view of 2024 and 2028 Olympic Games.

Obituaries

15. Hollywood actor Kirk Douglas passes away

The Academy Award winning Hollywood Actor, producer and director Kirk Douglas passed away. The actor came to limelight in 1940’s and played various roles in nearly 100 movies in his 60-year career.