3rd November 2020 Current Affairs


Here is the each day GK replace of third November 2020 masking the next information headlines: Typhoon Goni, Miniature practice, IBM, ICICI Lombard, AAI, Adani group.

Daily GK updates are included with the vital information that made the present affairs headlines for banking or different aggressive exams. Daily GK Update is the whole bag of the vital information that held all day lengthy. One ought to have full data concerning the banking phrases, present affairs information, and so forth. 

International News

1. Super Typhoon Goni hits the Philippines

  • Super Typhoon Goni, claimed because the world’s strongest storm of 2020 has hit the south of the Philippines’ important island of Luzon.
  • Goni is without doubt one of the strongest storms to hit the Philippines since 2013’s Haiyan, which killed greater than 6,300 folks.

Important takeaways for all aggressive exams:

  • Philippines President: Rodrigo Duterte Trending.
  • Philippines Capital: Manila.
  • Philippines Currency: Philippine peso.

State News

2. India’s 1st solar-powered miniature practice launched in Kerala

  • India’s first of its form photo voltaic energy-driven miniature practice was inaugurated on the Veli Tourist Village, Kerala by Chief Minister Pinarayi Vijayan.
  • The practice, which might be an attraction for youngsters particularly, was a part of a string of initiatives completely price Rs 60 crore taken as much as elevate the amenities on the panoramic vacation spot to worldwide requirements.

Important takeaways for all aggressive exams:

  • Chief Minister of Kerala: Pinarayi Vijayan; Governor: Arif Mohammad Khan.


3. IBM, Indian Oil Corporation collaborate for digital companies

  • Tech big IBM acknowledged it has collaborated with Indian Oil Corporation Ltd (IOCL) to rework the latter’s buyer expertise utilizing digital instruments. Around 12,400 IOCL distributors masking about 130 million shoppers can now use the IndianOil One cell app and portal, developed by IBM Services.
  • The IndianOil One cell app and portal are a part of Indian Oil’s Project ePIC, an built-in platform for Customer Relationship Management (CRM) and Distribution Management System (DMS).

Important takeaways for all aggressive exams: 

  • IBM CEO: Arvind Krishna.
  • IBM Headquarters: Armonk, New York, United States.
  • Indian Oil Corporation Ltd Chairperson: Shrikant Madhav Vaidya.
  • Indian Oil Corporation Ltd Headquarters: New Delhi.
  • Indian Oil Corporation Ltd Founded: 30 June 1959.

4. ICICI Lombard, FreePaycard to supply medical insurance options

  • ICICI Lombard in partnership with Freepaycard, a web-based pre-paid card buying and selling platform, has launched Group Safeguard Insurance.
  • This strategic partnership will make the bite-sized medical insurance options, designed particularly for Freepaycardmembers, obtainable at its multi-category accomplice stores.
  • Freepaycard members can add these well being options on the go whereas purchasing for different important items or companies.

Important takeaways for all aggressive exams: 

  • ICICI Lombard CEO: Bhargav Dasgupta.
  • ICICI Lombard  Headquarters: Mumbai.

Banking News

5. RBI imposes financial penalty on DCB Bank for rule violations

  • The Reserve Bank of India (RBI) imposed financial penalty on DCB Bank and Jio Payments Bank for varied rule violations.
  • The central financial institution has imposed a penalty of Rs 22 lakh on DCB Bank for non-compliance with sure provisions on advertising and marketing/distribution of mutual fund/insurance coverage and so forth.
  • The penalty has been imposed in train of powers vested in RBI below the provisions of Section 47A(1)(c) learn with Section 46(4)(i) of the Banking Regulation Act, 1949.
  • In the case of Jio Payments Bank, the RBI imposed a penalty of Rs 1 crore for non-compliance with RBI instructions on well timed submission of software within the case of reappointment of Managing Director and Chief Executive Officer below Section 35B of the Banking Regulation Act, 1949 (the Act).

Important takeaways for all aggressive exams: 

  • Governor of RBI: Shaktikanta Das.
  • Deputy Governors of RBI: BP Kanungo, MK Jain, MD Patra and Rajeshwar Rao.
  • Headquarters: Mumbai, Maharashtra.

Business News

6. AAI arms over Lucknow airport to Adani group

  • The Airports Authority of India (AAI) has handed over the Lucknow airport to the Adani group on lease for a interval of 50 years.
  • Apart from this, the Adani group has taken over/will take over operations of 5 extra airports. In February 2019, the Central Govt had privatised six main airports of the nation particularly Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati.
  • The proper to run all these 6 airports has been gained by Adani Group for 50 years.
  • Adani group has taken over the operations of Jaipur, Guwahati and Thiruvananthapuram in September 2020, Mangaluru on October 31, 2020, Lucknow on November 02, 2020, and can tackle the operations of Ahmedabad Airport on November 11, 2020.


7. Rajiv Jalota turns into new chairman of Mumbai Port Trust

  • Indian Administrative Services (IAS) officer, Rajiv Jalota has been appointed because the chairman of Mumbai Port Trust (MbPT).
  • The appointment committee of the Union cupboard issued the order for the central deputation.
  • The publish of MbPT chairman was vacant after former chairman Sanjay Bhatia retired on July 31 and was appointed as Lokayukta of Maharashtra.

Important takeaways for all aggressive exams:

  • Chief Minister of Maharashtra: Uddhav Thackeray; Governor: Bhagat Singh Koshyari.

8. PVG Menon appoints as CEO of Electronics Sector Skill Council of India

  • The Electronics Sector Skill Council of India (ESSCI) introduced the appointment of PVG Menon as its chief govt officer.
  • Menon will likely be accountable for overseeing the operations of ESSCI and work intently with its governing Council on strategic points associated to the expansion of the digital techniques design and manufacturing (ESDM) business in India.
  • ESSCI works with business, the National Skill Development Corporation, and the Ministry of Electronics and IT to offer each skilling and re-skilling companies to the business.

Important takeaways for all aggressive exams:

  • Electronics Sector Skill Council of India Headquarters: New Delhi.


9. Lewis Hamilton wins F1 Emilia Romagna Grand Prix 2020

  • Lewis Hamilton (Mercedes-Great Britain) has gained the Emilia Romagna Grand Prix 2020 at Autodromo Internazionale Enzo e Dino Ferrari race observe, Italy.
  • This was his ninth win of the season and 93rd F1 win of his profession. Valtteri Bottas completed second whereas Daniel Ricciardo completed third. Mercedes gained the seventh consecutive constructors’ title for 2020.

10. Shane Watson retires from all types of cricket

  • Australian all-rounder, Shane Watson has introduced his retirement from all types of cricket.
  • The 39-year-old will grasp up his boots after an illustrious profession throughout which he gained two ICC Men’s Cricket World Cups and two ICC Champions Trophy titles.
  • He performed 59 Tests, 190 ODIs and 58 T20Is.

Books and Authors

11. A e-book titled “Pandemonium: The Great Indian Banking Tragedy” by T. Bandyopadhyay

  • Tamal Bandyopadhyay has authored a e-book titled “Pandemonium: The Great Indian Banking Tragedy” and will likely be launched on November 09, 2020. This e-book, printed by Roli Books, offers an understanding of the challenges and financial potential of India.
  • The e-book “Pandemonium” accounts what number of promoters had swapped fairness with debt whereas the managements of the banks have been discovering a method to shield their stability sheets till the intervention of the Reserve Bank of India (RBI) in opposition to their unhealthy loans.
  • The Same problem hassle additionally affected the creating non-banking monetary firms of India who have been fast to establish the post-demonetisation straightforward liquidity and the reluctance of banks to lend which promoted them to borrow brief to lend lengthy.


12. James Bond actor Sean Connery passes away

  • The Scottish actor, greatest recognized for his portrayal of James Bond, Sean Connery handed away.
  • Scottish film legend Connery, who shot to worldwide stardom because the suave and complicated British agent James Bond and went on to grace the silver display screen for 4 a long time. Connery will likely be remembered first as British agent 007.

Miscellaneous News

13. India-Pak border to mild up with 8000MW renewable park

  • India’s border areas with Pakistan in Rajasthan would quickly be illuminated with renewable power.
  • The state authorities will quickly ink an MoU with National Thermal Power Corporation (NTPC) and Solar Energy Corporation of India (SECI) to ascertain Ultra Mega Renewal Energy Power Park.
  • The park to be arrange close to borders areas will likely be of 8,000 megawatts (MW) capability, which is able to comprise 4,310 MW of wind power; 3,760 MW of photo voltaic power and 120 MW of energy from biomass. Currently, Rajasthan’s photo voltaic era capability is 4,883 MW.