24th October 2020 Current Affairs


Here is the every day GK replace of twenty fourth October 2020 overlaying the next information headlines: United Nations Day, ILO, NITI Aayog, PMGSY, World Polio Day.

Daily GK updates are included with the essential information that made the present affairs headlines for banking or different aggressive exams. Daily GK Update is the whole bag of the essential information that held all day lengthy. One ought to have full information concerning the banking phrases, present affairs information, and many others. So, right here is the GK replace of twenty fourth October 2020 that can assist you put together the Current affairs half. After studying this part, you’ll be able to efficiently try Current Affairs Quiz.

National News

1. India will get Chairmanship of ILO Governing physique after 35 years

  • India has assumed the Chairmanship of the Governing Body of International Labour Organization (ILO), after a spot of 35 years.
  • The Labour and Employment Secretary, Apurva Chandra, has been elected because the Chairperson of the Governing Body of the ILO for the interval October 2020- June 2021.
  • Chandra is a 1988 batch Indian Administrative Service officer of Maharashtra Cadre. He would preside over the upcoming the Governing Body’s assembly, to be held in November 2020.
  • The Governing Body is the apex govt physique of the ILO which decides insurance policies, programmes, agenda, funds and elects the Director-General.
  • At current, ILO (Headquarter- Geneva, Switzerland) has 187 members. It meets 3 times a yr, in March, June and November.

2. NITI Aayog panel for reforms in city planning training

  • NITI Aayog has constituted a 14-member advisory committee to look into introducing reforms within the city planning training system. The panel shall be headed by NITI Aayog Vice-Chairman Rajiv Kumar.
  • The members of the committee embody Amitabh Kant, CEO of NITI Aayog and secretaries of Ministry of Housing and Urban Affairs(MoHUA), Ministry of Education(MoE) and Ministry of Panchayati Raj.
  • The committee will look at the present system by way of multidisciplinarity, curriculum and different associated points on the degree of graduates and postgraduates towards the challenges of speedy urbanization.
  • The committee will look at the city planning training system in India and look at the supply, demand and provide of the certified city planners in India.

International News

3. Andorra Joins IMF as its a hundred and ninetieth Member

  • Andorra has joined the International Monetary Fund (IMF), to turn into its a hundred and ninetieth member.
  • Andorra is a microstate located between France and Spain. However, it’s the largest microstate in Europe.
  • IMF’s Membership permits the Andorran authorities to profit from IMF coverage recommendation, particularly because the nation tackles the disaster attributable to COVID-19 and might now obtain an annual evaluation or “health check” of its financial system by the IMF, faucet technical help, and entry IMF lending if wanted.

Important takeaways for all aggressive exams:

  • Capital of Andorra: Andorra la Vella.
  • The forex of Andorra: Euro.

4. Saad al-Hariri reappointed as Lebanon Prime Minister

  • Former Lebanese Prime Minister, Saad al-Hariri has been re-appointed to the submit, after successful a slim majority of votes in parliament election. Hariri obtained 65 parliamentary votes out of 118, giving him the mandate to kind his new authorities.
  • In October 2019, Hariri introduced his resignation amid 2019-20 mass-protests. Previously he had served as Prime Minister of Lebanon from 9 November 2009 to 13 June 2011 after which from 18 December 2016 to 21 January 2020.
  • Hariri is the third individual to be tasked with forming a authorities this yr, after educational Hassan Diab, who succeeded in forming a authorities however resigned after which diplomat Mustafa Adib.

Important takeaways for all aggressive exams:

  • Capital of Lebanon: Beirut.
  • The forex of Lebanon: Lebanese pound.

State News

5. Mandi district baggage prime place for implementation of PMGSY

  • Union Ministry of Rural Development has declared the checklist of top-performing 30 districts within the nation for implementing the PMGSY programme.
  • Himachal Pradesh’s, Mandi district has bagged prime place amongst 30 districts of the nation within the profitable implementation of Pradhan Mantri Gram Sadak Yojana (PMGSY).
  • Himachal Pradesh has additionally secured the second place on the nationwide degree for development of roads underneath PMGSY.

Important takeaways for all aggressive exams:

  • Union Minister of Rural Development: Narendra Singh Tomar.
  • Chief Minister of HP: Jairam Thakur; Governor of HP: Bandaru Dattatraya.

Agreements News

6. Mastercard companions with Atlantis to broaden Digital First Program in India

  • Mastercard has entered right into a partnership with Atlantis to broaden the Digital First Program in India.
  • The partnership goals to supply the customers of Mastercard, a expertise answer that allows them to get pleasure from a best-in-class digital banking expertise.
  • After the launch in India, the partnership will broaden to Malaysia, Singapore and Thailand. The partnership permits the customers of the Mastercard to have speedy account entry and handy funds.

Important takeaways for all aggressive exams:

  • Mastercard Headquarters: New York, United States.
  • Mastercard President: Michael Miebach.
  • Mastercard Chief Executive Officer(CEO): Ajay Banga(Michael Miebach will take over as CEO by January 2021).

7. Bank of Baroda ties up with Toyota Kirloskar Motor

  • Bank of Baroda (BoB) has entered right into a tie-up with Toyota Kirloskar Motor (TKM), whereby the financial institution shall be one of many most popular financiers for the whole vary of autos bought by the latter.
  • India’s third-largest public sector financial institution, in an announcement, said that underneath the tie-up, prospects can avail customised options similar to excessive on-road funding of 90 per cent, lengthy compensation interval of 84 months, no prepayment or foreclosures fees.
  • On the opposite hand, TKM sellers will profit from ‘digitised supply chain finance’ with aggressive rates of interest.

Important takeaways for all aggressive exams:

  • Bank Of Baroda Headquarters: Vadodara, Gujarat, India.
  • Bank Of Baroda Chairman: Hasmukh Adhia.
  • Bank Of Baroda MD & CEO: Sanjiv Chadha.

Important Days

8. United Nations Day: 24 October

  • twenty fourth October has been celebrated as United Nations Day since 1948.
  • The United Nations was based in 1945 to help collective motion to comprehend peace, improvement and human rights for all.
  • With the ratification of the UN Charter by nearly all of its signatories, together with the 5 everlasting members of the Security Council, the United Nations formally got here into being.

Important takeaways for all aggressive exams:

  • United Nations Headquarters in New York, USA.
  • Mr Antonio Guterres is the Secretary-General of the United Nations.

9. World Polio Day: 24 October

  • The World Polio Day is widely known yearly on October 24, to lift consciousness for polio vaccination and eradication of polio.
  • World Polio Day offers a chance to focus on world efforts towards a polio-free world and honour the tireless contributions of these on the frontlines within the battle to eradicate polio from each nook of the globe.
  • The Day was established by Rotary International to commemorate the delivery of Jonas Salk, who led the primary workforce to develop a vaccine towards poliomyelitis. 2020 theme for World Polio Day is “A win against polio is a win for global health.”
  • As of August 2020, Afghanistan and Pakistan are the one two nations which stay with the continued transmission of untamed poliovirus.

10. World Development Information Day: 24 October

  • The United Nations’ World Development Information Day is held on October 24 yearly.
  • The day goals to attract the eye of world public opinion to improvement issues and the necessity to strengthen worldwide cooperation to resolve them for total development and improvement.
  • The General Assembly in 1972 established World Development Information Day to attract the eye of the world to improvement issues and the necessity to strengthen worldwide cooperation to resolve them.
  • The Assembly determined that the date for the Day ought to coincide with United Nations Day, 24 October, which was additionally the date of the adoption, in 1970, of the International Development Strategy for the Second United Nations Development Decade.