Thursday 15 October 2020
Here is the day by day GK replace of 14th October 2020 overlaying the next information headlines: IMF, RBI, World Standards Day, Axis ACE Credit Card, Amazon Pay.
Daily GK updates are included with the necessary information that made the present affairs headlines for banking or different aggressive exams. Daily GK Update is the whole bag of the necessary information that held all day lengthy. One ought to have full data concerning the banking phrases, present affairs information, and so on. So, right here is the GK replace of 14th October 2020 that will help you put together the Current affairs half. After studying this part, you’ll be able to efficiently try Current Affairs Quiz.
International News
1. FATF retains Pakistan on enhanced follow-up listing
- Financial Action Task Force (FATF) Asia Pacific Group has stored Pakistan in its ‘Enhanced Follow Up’ listing.
- The organisation had downgraded Pakistan standing from “regular follow-up” to “enhanced follow up”.
- Enhanced observe up standing means the nation want to supply month-to-month stories of its compliance to the Financial Action Task Force.
- The Asia-pacific group of FATF submitted its report known as “Follow up report on the “mutual evaluation of Pakistan”.
Important takeaways for all aggressive exams:
- The headquarters of FATF is in Paris, France.
- FATF was based in July 1989.
- Prime Minister of Pakistan: Imran Khan.
- President of Pakistan: Arif Alvi.
- Capital of Pakistan: Islamabad.
Banking News
2. RBI raises banks’ combination publicity restrict for small companies
- Reserve Bank of India (RBI) has raised the banks’ most combination retail publicity restrict to entities with turnover as much as Rs 50 crore to Rs 7.5 crore. Earlier this restrict was Rs 5 crore.
- The determination has been taken to extend credit score circulation to small companies.
- The danger weight of 75 per cent will apply to all recent exposures and likewise to present exposures the place incremental publicity could also be taken by the banks as much as the revised restrict of Rs 7.5 crore.
Important takeaways for all aggressive exams:
- RBI twenty fifth Governor: Shaktikanta Das; Headquarters: Mumbai; Founded: 1 April 1935, Kolkata.
3. Axis Bank launches ACE Credit Card in partnership with Google Pay
- Axis Bank has launched a brand new entry-level bank card named Axis ACE Credit Card, with a concentrate on rising participation of customers within the digital financial system.
- It additionally goals to convey a seamless, digital expertise to customers from software to issuance.
- The card has been launched in collaboration with Google Pay and can run on Visa (Signature) platform.
- The tokenization characteristic has been enabled in partnership with Visa. This will enable the customers of Google Pay to make use of their ACE Credit Card to make funds by a safe digital token connected to their cellphone with out the necessity to share their card particulars bodily.
Important takeaways for all aggressive exams:
- Axis Bank Headquarters: Mumbai, Maharashtra.
- Axis Bank MD and CEO: Amitabh Chaudhry.
Economy
4. IMF initiatives India’s GDP to contract 10.3% in 2020
- According to ‘World Economic Outlook’ report, the International Monetary Fund (IMF) has projected the Indian financial system to contract by 10.3 per cent in 2020-21, from its earlier prediction of 4.5 per cent on account of rise in Covid circumstances.
- However, IMF estimates the GDP of India to develop at 8.8 per cent in 2021-22, as in comparison with 6 per cent predicted earlier, regaining the place of the fastest-growing rising financial system.
- On the opposite hand, the Fund expects the world financial system to contract by 4.4 per cent in 2020. This projection was -5.2 per cent earlier.
Important takeaways for all aggressive exams:
- IMF Headquarters: Washington, D.C. U.S.
- IMF Managing Director and Chairman: Kristalina Georgieva.
- IMF Chief Economist: Gita Gopinath.
Summits and Conference
5. World Economic Forum shifts annual assembly 2021 from Davos
- The World Economic Forum (WEF) will maintain its Annual Meeting 2021 in Lucerne-Burgenstock, Switzerland, from May 18 to 21, as towards the normal venue of the ski resort city, Davos in January-end.
- The change in schedule and venue was necessitated by the COVID-19 pandemic.
- The Annual Meeting 2021 in Lucerne-Burgenstock shall be held across the theme of ‘The Great Reset’. The assembly will concentrate on the options required to deal with the world’s most urgent challenges.
Important takeaways for all aggressive exams:
- World Economic Forum Headquarters: Cologny, Switzerland.
- World Economic Forum Founder and Executive Chairman: Klaus Schwab.
- World Economic Forum Founded: January 1971.
Appointments
6. BharatPe launches 11 Cricket Stars as Brand Ambassadors
- BharatPe has introduced the launch of its excessive impression TV marketing campaign starring ‘Team BharatPe’ with 11 Cricket stars as model ambassadors.
- The TVC sequence has been directed by ace Bollywood director, Puneet Malhotra, and communicates the message ‘Hum Hai Team BharatPe – Jo Desh Ke Har Dukandaar Ke Saath Hai Khade’.
- Team BharatPe consists of Rohit Sharma, Jasprit Bumrah, KL Rahul, Mohammed Shami, Ravindra Jadeja, Suresh Raina, Shreyas Iyer, Prithvi Shaw, Sanju Samson, Yuzvendra Chahal, and Shubhman Gill.
Agreements
7. Amazon Pay collaborate with Uber to push digital funds in India
- An on-line fee processing service, Amazon Pay and a know-how firm that provides autos for rent, Uber, introduced a partnership to push digital funds in India.
- This Partnership will combine Amazon Pay as a fee possibility on the Uber app.
Important takeaways for all aggressive exams:
- Uber Technologies Inc CEO: Dara Khosrowshahi.
- Uber Technologies Inc Headquarters: California, United States.
Defence News
8. Indian Army and Maha govt organised a anti-terror train “Suraksha Kavach”
- Indian Army and Maharashtra Police organised an anti-terror train “Suraksha Kavach” at Lullanagar, Pune, Maharashtra.
- The purpose of the train was to harmonize the drills and procedures of each Army and Police for activating anti-terrorist Quick Reaction Teams (QRTs) to counter any terrorist actions in Pune.
- The train concerned the participation of Quick Reaction Teams, Dog Squads and Bomb Disposal Teams of Army in addition to Anti-Terrorism Squad (ATS) and Quick Reaction Team of Maharashtra Police.
Important Days
9. World Standards Day: 14 October
- World Standards Day or International Standards Day is noticed globally on 14 October yearly.
- The day goals to lift consciousness concerning the significance of standardisation to the worldwide financial system among the many shoppers, regulators and trade.
- World Standards Day 2020 theme is “Protecting the planet with standards”.
- It is marked to have fun the contributions of specialists and scientists internationally in creating voluntary requirements inside requirements improvement organisation such because the International Organisation for Standards (ISO), International Electrotechnical Commission (IEC), American Society of Mechanical Engineers (ASME), International Telecommunication Union (ITU), Institute of Electrical and Electronics Engineers (IEEE), and Internet Engineering Task Force (IETF).
Obituaries
10. Bihar Minister Vinod Kumar Singh passes away
- Minister for Backward and Extremely Backward Classes in Bihar, Vinod Kumar Singh handed away on account of COVID-19.
- He was a BJP MLA from Pranpur Assembly constituency of Katihar district in northeast Bihar and has been elected MLA thrice from the constituency.
11. Olympic 400 hurdles champion, Charlie Moore passes away
- The 400-meter hurdles champion on the 1952 Helsinki Olympics, Charlie Moore handed away.
- He gained the 400 hurdles within the rain in 1952 in 50.8 seconds to tie the Olympic document he set within the quarterfinals.
- He additionally earned a silver medal in Helsinki on the United States’ 1,600-meter relay workforce. After the Olympics, he set a world document of 51.6 within the 440 hurdles on the British Empire Games in London.
Miscellaneous
12. PM Modi releases autobiography of Balasaheb Vikhe Patil
- Prime Minister Narendra Modi has launched the autobiography of former Union Minister Dr Balasaheb Vikhe Patil by video conferencing.
- The autobiography of Dr Patil has been titled ‘Deh Vechwa Karani,’ means ‘dedicating one’s life for a noble trigger.’
- Dr Patil served as Member of Lok Sabha for a number of phrases. He died in 2016 on the age of 84.
- The prime minister additionally renamed the Pravara Rural Education Society to ‘Loknete Dr Balasaheb Vikhe Patil Pravara Rural Education Society.’
- The society was established in Ahmednagar’s Loni district to supply a world-class schooling to rural plenty and empower the woman youngster.