7th November 2020 Current Affairs


Here is the every day GK replace of seventh November 2020 overlaying the next information headlines: Whatsapp, SEBI, Manipur, NTPC, AAI, Bull Strike.

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 so on. 

Business News

1. Whatsapp Partners with 5 Banks for UPI Payment

  • WhatsApp has partnered with 5 Indian banks to course of its fee providers. These are State Bank of India, HDFC Bank, ICICI Bank, Axis Bank and Jio Payments Bank.
  • The Facebook-owned messaging platform, WhatsApp Inc., has obtained the approval from the National Payments Corporation of India (NPCI) to launch its Unified Payments Interface (UPI) primarily based funds providers in India, to let customers ship or obtain cash throughout the nation.
  • The service can nevertheless be expanded in a graded method. It implies that initially, Whatsapp can solely roll out the funds service to solely its 20 million customers.
  • The fee system can be rolled out in ten Indian regional languages within the newest model of WhatsApp app.

2. SEBI will increase Overseas Investment limits for Mutual Funds

  • Securities and Exchange Board of India (SEBI) has enhanced the funding limits for Mutual Fund firms for abroad investments.
  • Mutual Funds could make abroad investments topic to a most of US $ 600 million per Mutual Fund, inside the total trade restrict of US $ 7 billion. Earlier it was USD 300 million.
  • Mutual Funds could make investments in abroad Exchange Traded Fund (ETF) topic to a most of US $ 200 million per Mutual Fund, inside the total trade restrict of US $ 1 billion. Earlier it was Rs 50 million.

Important takeaways for all aggressive exams:

  • Securities and Exchange Board of India Founded: 12 April 1992.
  • Securities and Exchange Board of India Headquarters: Mumbai.
  • Securities and Exchange Board of India Agency government: Ajay Tyagi.


3. Manipur’s Gyanendro Ningombam turns into new president of Hockey India

  • Manipur’s Gyanendro Ningombam was elected unopposed because the President of Hockey India, whereas former President Mohd Mushtaque Ahmad is again within the Hockey India Executive Board after being Elected Unopposed for the Senior Vice President publish.
  • Earlier, Gyanendro Ningombam has been serving because the Officiating President of Hockey India since July 2020.
  • On being elected unopposed, Gyanendro turns into the first President from northeast India to spearhead Hockey India. He will function Head of the nationwide federation for 2 years.
  • Gyanendro has been related to the self-discipline of Hockey in Manipur for the final 40 years, and has impressed together with his work on the grassroots degree.
  • He was Senior Vice President of Hockey India, Senior Vice President of Manipur Hockey, and likewise Chief Executive Officer of Manipur Hockey. He additionally served because the editor of Meeyam, a night every day in Manipur.

Important takeaways for all aggressive exams: 

  • Hockey India Founded: 20 May 2009.
  • Hockey India Headquarters: New Delhi.


4. AAI Signs MoU With NTPC Subsidiary, NVVN

  • The Airports Authority of India (AAI) has signed a Memorandum of Understanding (MoU) with a subsidiary of NTPC Ltd, NTPC Vidyut Vyapar Nigam (NVVN), to advertise utilization of electrical autos and arrange solar energy vegetation on the airports managed and operated by AAI.
  • NTPC Vidyut Vyapar Nigam (NVVN) can be offered ample land and rooftop area by AAI, freed from value, at recognized AAI airports to arrange solar energy vegetation.
  • Initially, NVVN will start engaged on the initiatives at airports in Tamil Nadu and Rajasthan.
  • The photo voltaic capability required at airports in Tamil Nadu and Rajasthan is round 55 MW and eight MW, respectively to turn into 100% solar-powered airports.
  • Apart from this, AAI and NVVN will collectively work in direction of supporting the federal government of India’s initiatives for the adoption of electrical autos by the creation of public charging infrastructure and selling the utilization of electrical autos at airports.

Important takeaways for all aggressive exams:

5. India-Italy Virtual Bilateral Summit 2020

  • The Bilateral Summit between India and Italy was held just about on sixth November 2020. The Summit was attended by the Indian Prime Minister Shri Narendra Modi and Prime Minister of Italy Prof. Giuseppe Conte.
  • The two leaders reviewed the broad framework of the bilateral relationship and reaffirmed their dedication to strengthen cooperation towards widespread international challenges, together with the Covid-19 pandemic.
  • A variety of points was mentioned together with political, financial, scientific & technological, area and defence cooperation. 15 MoUs/Agreements had been signed in the course of the Summit in numerous sectors reminiscent of vitality, fisheries, shipbuilding, design and so on.

Important takeaways for all aggressive exams:

  • President of Italy: Sergio Mattarella.
  • Prime Minister of Italy: Giuseppe Conte.
  • Capital of Italy: Rome; Currency of Italy: Euro.


6. India’s particular forces carried out ‘Bull Strike’ triservice train

  • Andaman and Nicobar Command (ANC) has carried out a three-day Tri-Service Combat Exercise code-named “Bull Strike” at Teressa Island in Nicobar Group of Islands.
  • The train focussed on interoperability and synergy amongst three providers – Army, Navy and Air Force to maximise fight potential.
  • The train noticed participation from three providers parts of ANC, parts of Indian Army’s Parachute Brigade, MARCOS (Marine Commando Force) and Special Forces.
  • The coaching actions included fight free fall and paradrop from Advanced Airlifter C-130J “Super Hercules” by an organization of Para Commandos, motion by MARCOS of Indian Navy and Special Heli Borne Operations (SHBO) by Indian Army Ghatak platoons.
  • Search and rescue (SAR) and medical evacuation procedures had been additionally practised by the collaborating troops.

Important takeaways for all aggressive exams:

  • Chief of Defence Staff of India: General Bipin Rawat.
  • Commander-in-Chief of Indian Armed Forces: Ram Nath Kovind (President of India).

7. Two-day joint coastal safety train ‘Sagar Kavach’ begins

  • A two-day joint coastal safety train, “Sagar Kavach” was launched at Paradip Coast, Odisha. The train is being carried out by a joint effort of the state of Odisha and West Bengal governments. 
  • The predominant goal of the train is to hold out the train on the coast of Paradip this yr, identical to yearly after the 26/11 Mumbai assaults. The train is being carried out to stop a repeat of the Mumbai assaults by sea.
  • More than 10 such departments, together with the Indian Navy, the Indian Coast Guard, the Odisha Police, the native fishermen, the forest division, and the port marine division, have joined the joint train.
  • It will run for 2 days, with purple and inexperienced forces being shaped to infiltrate and stop assaults. This yr for coastal safety the train was named “Sagar Kavach”.

Important takeaways for all aggressive exams: 

  • Chief of the Naval Staff: Admiral Karambir Singh.

Summits and Conferences

8. PM Modi Chairs Virtual Global Investor Roundtable (VGIR) 2020

  • Prime Minister Shri Narendra Modi chaired the Virtual Global Investor Roundtable (VGIR) 2020 Conference, aimed toward attracting funding within the nation.
  • It offered a platform for unique dialogue between main international institutional traders, Indian enterprise leaders and the very best decision-makers from the federal government of India and monetary market regulators.
  • The Indian facet included enterprise leaders, monetary market regulators, finance minister Nirmala Sitharaman and RBI governor Shaktikanta Das.
  • The convention targeted on discussions round India’s financial and funding outlook, structural reforms and the federal government’s imaginative and prescient for making the nation a $5 trillion economic system.
  • The Virtual Global Investor Roundtable (VGIR) was organised by the Ministry of Finance and the National Investment and Infrastructure Fund.
  • The roundtable witnessed participation from 20 of the world’s largest pension and sovereign wealth funds with whole belongings beneath administration of about USD 6 trillion.
  • These international institutional traders signify key areas together with the US, Europe, Canada, Korea, Japan, Middle East, Australia, and Singapore.

9. Dharmendra Pradhan co-chairs 4th Meeting of the OPEC-India Dialogue

  • The 4th High-Level Meeting of the OPEC-India Dialogue was hosted by the OPEC Secretariat.
  • The Meeting was co-chaired by HE Mohammad Sanusi Barkindo, Secretary-General of OPEC and Shri Dharmendra Pradhan, India’s Minister of Petroleum and Natural Gas and Minister of Steel.
  • Key issues mentioned on the assembly included quickly altering international vitality panorama, overcoming vitality challenges, international oil worth mechanisms, measures being taken by OPEC and its companions for balancing oil markets, and on making certain oil provide safety for India.
  • This was the primary time that the assembly of this Institutional Dialogue was held just about because of the Covid-19 pandemic.
  • The digital assembly was joined by OPEC Member nations, Secretary Ministry of Petroleum and Natural Gas, Government of India and CMD & MDs of India’s oil and gasoline trade from each the general public and the personal sector.
  • The first such dialogue was held in 2015. It was knowledgeable that the subsequent High-Level Meeting of the OPEC-India Dialogue can be held in 2021, and if doable in individual, in New Delhi.

Science and Technology

10. ISRO launches PSLV C49 with 10 satellites

  • The Indian Space Research Organisation (ISRO)  has launched the 51st mission of Polar Satellite Launch Vehicle (PSLV). This is the primary mission by ISRO in 2020.
  • The provider automobile PSLV C49 will ship 10 satellites in all with EOS-01 as the first one. It is the 51st mission of Polar Satellite Launch Vehicle (PSLV).
  • The provider was launched from the Satish Dhawan Space Centre (SDSC) in Sriharikota, Andhra Pradesh.
  • The EOS-01, an earth remark satellite tv for pc, was meant to supply agriculture, forestry and catastrophe administration assist. The 9 buyer satellites are from Lithuania (1), Luxembourg (4) and USA (4). The buyer satellites had been being launched beneath a business settlement with NewSpace India Limited (NSIL), division of area.

Important takeaways for all aggressive exams:

  • ISRO Chairman: K.Sivan.
  • ISRO Headquarters: Bengaluru, Karnataka.

Important Days

11. National Cancer Awareness Day 2020

  • The National Cancer Awareness Day is noticed yearly in India on November 7, to unfold consciousness on most cancers, its signs and therapy. According to the World Health Organization (WHO), most cancers is the second main reason for loss of life globally.
  • In 2018, roughly 18 million circumstances had been there globally, of which, 1.5 million had been in India alone. In 2018, there have been round 0.8 million most cancers deaths in India towards 9.5 million globally.

Important takeaways for all aggressive exams: 

  • World Cancer Day: 4th February.