Current Affairs 20th October 2021, Daily GK Update

Daily GK & Current affairs is very important for any Government and other Competitive Exams. All the important updates based on current affairs 2021 are included in this Daily Current Affairs 20 October 2021 article.

Current Affairs 20th October 2021, Daily GK Update

Daily Current Affairs 2021: Daily Gk update is the most important section for any competitive examination. Current affairs ask from 4-5 Month so here Ambitious Baba regularly updates the Daily GK Update & daily Current affairs 2021.

If you are preparing for Government Job Exams then it is very important for you to read the Daily Current Affairs 2021, Daily GK Update 2021. All the important updates based on current affairs 2021 are included in this Daily Current Affairs 2021 article.

All the serious candidates are advised to bookmark this page and read the GK Update on a daily basis. It will help you mug up the important current affairs 2020 / Daily GK Update for LIC, IBPSSBI POSSCRailwaysSBI Clerk 2021 State, and NRA CET Exam of 2021.

National News

NITI Aayog launched Geospatial Energy Map of India with ISRO

NITI Aayog launched Geospatial Energy Map of India with ISRO

  • NITI Aayog in collaboration Indian Space Research Organization (ISRO) and Energy Ministries of Government has launched Geospatial Energy Map of India or Geographic Information System (GIS) Energy Map of India to provide a holistic picture of all energy resources of the country.
  • It will identify and locate all primary and secondary sources of energy and their transportation/transmission networks for comprehensive view of energy production and distribution in a country

About ISRO:

  • Founded: 15 August 1969
  • Headquarters: Bengaluru
  • Chairman: Kailasavadivoo Sivan

About NITI Aayog:

  • Formed: 1 January 2015
  • Headquarters: New Delhi
  • Chairperson: Narendra Modi
  • Vice Chairperson: Rajiv Kumar
  • CEO: Amitabh Kant

Working Group Constituted to overhaul Pradhan Mantri Fasal Bima Yojana (PMFBY) headed by Ritesh Chauhan

  • The Central Government has constituted a Working Group (WG) to be headed by Chief Executive Officer (CEO) of PMFBY, currently Ritesh Chauhanto roll out an overhauled Pradhan Mantri Fasal Bima Yojana (PMFBY) from Kharif 2022.
  • The group will submit its report in six months. The key reason for the WG formation is the quitting of the scheme by many states due to the share of premium.
  • The premium to be paid by farmers is fixed at 1.5% of the sum insured for rabi crops and 2% for Kharif crops, while it is 5% for cash crops under PMFBY. The balance premium is split equally between the Centre and states. Many states have demanded their share of the premium subsidy be capped at 30% while some others demand the Centre to bear the entire subsidy.

About Pradhan Mantri Fasal Bima Yojana (PMFBY):

  • Launched: 18 February 2016
  • Parent Ministry– Ministry of Agriculture & Farmers Welfare (MoA&FW)

List of Latest Committee and Headed by

  • RBI to set up Regulations Review Authority: M Rajeshwar Rao
  • RBI set up a committee about Asset Reconstruction Companies (ARC) – Sudarshan Sen
  • RBI set up a committee second Regulatory Review Authority (RRA 2.0): S Janaki Raman
  • IFSCA constitutes an expert committee on Investment Funds headed by: Nilesh Shah
  • Committee on “Variable Capital Company: K.P. Krishnan
  • Suggests 4-tier structure for Urban Co-operative Banks: S. Vishwanathan
  • RBI to setup committee on NUE licenses: P. Vasudevan
  • Framing a new law for drugs, cosmetics and medical devices: Dr V G Somani
  • IFSCA Constitutes an Expert panel on Sustainable Finance: K. Mishra.
  • SEBI formed 4-Member Advisory Committee on Settlement Orders:
  • Vijay C Daga

   International News

71st Global Food Security Index 2021: India ranked 71st; Ireland topped

71st Global Food Security Index 2021: India ranked 71st; Ireland topped

  • India has been ranked 71st in the Global Food Security (GFS) Index 2021 among 113 countries with a score of 2 points
  • GFS Index is published by London-based Economist Impact and is sponsored by Corteva Agriscience
Global ranking Country Overall score
1st Ireland 84.0
2nd Austria 81.3
3rd United Kingdom 81.0
4th Finland 80.9
5th Switzerland 80.4
6th Netherlands 79.9
7th Canada 79.8
8th Japan 79.3
=9th France 79.1
=9th United States 79.1
11th Germany 78.7
  • Last rank (113th): Burundi
  • China has been ranked 34th, Pakistan ranked 75th, Sri Lanka (77th Position), Nepal (79th position) and Bangladesh (84th position).

List of India’s Rank Different Index 2021

  • Economic Freedom Index 2021: 121st
  • World Happiness Report 2021-139th
  • International Intellectual Property (IP) Index 2021-40th
  • World Press Freedom Index, 2021: 142nd
  • World Competitiveness Index 2021-43rd
  • Global Peace Index 2021: 135th
  • Global Startup Ecosystem Index 2021: 20th
  • Global Manufacturing Risk Index 2021: 2nd
  • Global Innovation Index (GII) 2021: 46th
  • Henley Passport index 2021: 90th
  • Global Hunger Index 2021: 101st

India, Israel, UAE, U.S. decide to launch quadrilateral economic forum

India, Israel, UAE, U.S. decide to launch quadrilateral economic forum

  • India, Israel, United Arab Emirates and United States have decided to launch new quadrilateral economic forum.
  • Quadrilateral builds on ongoing cooperation between U.S., Israel and UAE after the Abraham Accordslast year.
  • This QUAD grouping had decided to establish an international forum for economic cooperation, and discussed possibilities for joint infrastructure projects expanding economic and political cooperation in the Middle East and Asia.

Banking and Financial

RBI imposed Rs 1 crore penalty on SBI for non-compliance

RBI imposed Rs 1 crore penalty on SBI for non-compliance

  • RBI has imposed Rs 1 crore monetary penalty on State Bank of India (SBI) under the provisions of section 47A (1) (c), 46(4)(i) and 51(1) of the Banking Regulation Act, 1949.
  • Penalty has been imposed for non-compliance with the directions contained in RBI (Frauds classification and reporting by commercial banks and select FIs) directions 2016.
  • It also focuses upon the validity of any transaction or agreement entered into by the bank with its customers.

About SBI:

  • Founded: 1 July 1955
  • Headquarters: Mumbai
  • Chairman- Dinesh Kumar Khara (For 3yrs)
  • SBI MDs – Ashwani Bhatia, C.S. Setty, Swaminathan Janakiraman and Ashwini Kumar Tewari
  • Chief Financial Officer (CFO)-Charanjit Surinder Singh Attra

List of Banks who has been imposed penalty by RBI Recently

  • RBI imposes Rs 25 lakh penalty on Punjab & Sind Bank for non-compliance with certain provisions of directions on ‘Cyber Security Framework in Banks.
  • RBI fines Axis Bank Rs 5 crore for non-compliance with certain rules
  • RBI imposes penalty of Rs 50.35 lakh on Janalaxmi Co-operative Bank
  • RBI imposes Rs 25 lakh fine on Axis Bank for flouting KYC norms
  • RBI imposes Rs 2 crore penalty on RBL Bank for breaching deposit, board composition norms

Federal Bank has tied up with CredAvenue for Securitisation platform

Federal Bank has tied up with CredAvenue for Securitisation platform

  • Federal Bank has partnered with CredAvenue for Portfolio management of their Securitization Book and implemented CredPool, an institutional debt platform of CredAvenue.
  • Through the technology platform of CredAvenue, Federal bank could digitally monitor their asset-backed securities (ABS) and mortgage-backed securities (MBS) pool assets
  • Through the partnership, the bank has automated the end-to-end processes for direct assignments of retail portfolios.
  • The platform helps banks and Non-Banking Financial Companies (NBFC’s) to meet existing and new regulatory guidelines pertaining to securitisation and direct assignment.

About Federal Bank:

  • Founded: 23 April 1931 (as Travancore Federal Bank) at Nedumpuram, Thiruvalla and 2 December 1949; 71 years ago (as Federal Bank)
  • Headquarters: Aluva, Kerala
  • MD & CEO: Shyam Srinivasan
  • Tagline: Your Perfect Banking Partner

Science

NASA launched Lucy Mission to study the Jupiter’s Trojan asteroids

  • The US space agency NASA has launched a first-of-its-kind mission called ‘Lucy Mission‘ to study Jupiter’s Trojan asteroids.
  • The mission life of Lucy is 12-year, during which the spacecraft will fly by a total of eight ancient asteroids to study about solar system’s evolution. These will include one main-belt asteroid and seven Jupiter Trojan asteroids.
  • The Lucy probe was launched on a United Launch Alliance (ULA) Atlas V rocket from Space Launch Complex 41 at Cape Canaveral Space Force Station in Florida on October 16, 2021.
  • Jupiter’s Trojan asteroids are two large clusters of space rocks that scientists believe are remnants of the primordial material that formed the solar system’s outer planets.

About NASA:

  • Founded: 1 October 1958
  • Headquarters: Washington D.C., United States
  • Administrator: Bill Nelson

Vodafone-Idea joined hands with L&T for testing 5G based Smart City solutions

  • Vodafone Idea Limited (VIL), a Telecom operator and Larsen and Toubro (L&T), an Indian Multinational conglomerate company have joined hands for a pilot project to test 5G-based smart city solutions.
  • The pilot project will be commenced in Pune, Maharasthra.
  • Vodafone Idea Ltd (VIL) launched internet of things (IoT)solutions comprising connectivity, hardware, network, application, analytics, security and support for enterprises that seek to digitize several businesses.

Book and Author

A book titled “Actually… I Met Them: A Memoir” authored by Gulzar

  • Legendary Indian poet-lyricist-director Gulzar has come out with his new book title as ‘Actually… I Met Them: A Memoir’.
  • In this memoir book, Gulzar has shared many interesting unknown facts about legends like Kishore Kumar, Bimal Roy, Ritwik Ghatak, Hrishikesh Mukherjee and Mahasweta Devi, among others.

Important day

20 October: World Statistics Day

  • World Statistics Day is celebrated around the globe every year on 20 October to highlight the achievements of the Fundamental Principles of Official Statistics.
  • The day, which was created by United Nations Statistical Commission, was first marked in the year 2010.
  • India celebrates statistics day as National Statistics Day on 29 June to mark the birthday of the statistician Prasanta Chandra Mahalanobis.

20th October: World Osteoporosis Day

  • World Osteoporosis Day (WOD) is observed every year on October 20to raise global awareness of the prevention, diagnosis and treatment of osteoporosis and metabolic bone disease.
  • The day is organized by International Osteoporosis Foundation (IOF).
  • Osteoporosis means ‘porous bone’and is a disease that weakens bones, and if you have it, you are at a greater risk for sudden and unexpected bone fractures.
  • Global World Osteoporosis Day Campaign theme for 2021Serve Up Bone Strength.

Obituary

Saurashtra Cricketer Avi Barot passed away

  • Saurashtra cricketer Avi Barot (29 years) passed away after suffering a cardiac arrest.
  • He represented Haryana and Gujarat in his professional career.
  • He was a former India Under-19 captain and a member of Ranji Trophy-winning team in the 2019-20 season.

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