Daily GK Update 21st and 22nd Nov 2020, Daily Current Affairs 2020 : 

Daily GK Update 21st and 22nd Nov 2020, Daily Current Affairs 2020 : 

Here we are regularly update the Daily GK Update & daily Current affairs 2020. If you are preparing for Government Job Exams then it is very important for you to read the Daily Current Affairs 2020, Daily GK Update 2020. All the important updates based on current affairs 2020 are included in this Daily Current Affairs 2020 article. All the serious candidates are advised to bookmark this page and read the GK Update on daily basis. It will help you mug up the important current affairs 2020 / Daily GK Update for LIC, IBPSSBI POSSCRailways  , SBI Clerk 2020 and State Exam of 2020.

National (Current Affairs)

♦Maha Awas Yojana launched in Maharashtra

Maha Awas Yojana launched in Maharashtra

  • Maharashtra Chief Minister Uddav Thackeray launched “Maha Awas Yojana”. The project aims to build 8.82 lakhs of rural houses in 100 days. The project includes construction of toilets as well. The cost of the project has been estimated as Rs 4,000 crores.
  • Aims: The main objective of Pradhan Mantri Awas Yojana is to help rural people Below the Poverty Line in construction of dwelling units. The beneficiaries of the scheme are chosen from Socio-Economic Caste Census, 2011. It includes urban poor living in slums as well.

Note: About Maharashtra

  • Governor: Bhagat Singh Koshyari
  • Capital: Mumbai
  • Chief minister: Uddhav Thackeray

International (Current Affairs)

♦PM Modi participates in 15th G20 Summit

PM Modi participates in 15th G20 Summit

  • Prime Minister, Narendra Modi, participated in the 15th G20 Summit convened by Saudi Arabia, on 21-22 November, 2020.
  • The Summit, which saw participation of respective Heads of State/ Government of 19 member countries, EU, other invited countries and international organizations, was conducted in virtual format in view of the COVID-19 pandemic.
  • The Summit under Saudi Presidency centered on the theme “Realizing Opportunities of 21st Century for All”.

Note: About G20

  • Founded: 26 September 1999
  • Chairman: King Salman bin Abdulaziz Al Saud (2020)
  • Founder: Group of Seven

Banking & Financial

♦Mastercard and USAID launched Project Kirana

Mastercard and USAID launched Project Kirana

  • Mastercard and United States Agency for International Development launched “Project Kirana” On November 19, 2020. The programme will enable women entrepreneurs to grow, launch and thrive.
  • Aims: Under Project Kirana, a two-year programme is to be rolled out in selected cities such as Kanpur, Lucknow and Varanasi of Uttar Pradesh. The project will work to increase revenue, digital payments and expand financial inclusion. The project aims to build digital literacy and financial literacy of the women in the state. It will improve business management skills of women.

♦Barclays Projects India’s GDP at -6.4% in FY21

♦Barclays Projects India’s GDP at -6.4% in FY21

  • Barclays has revised down its GDP forecast for India in the current fiscal year 2020-21 (FY21) to – 6.4% from its earlier estimate of – 6%.
  • However, Barclays has raised its FY22 (2021-22) growth forecast to 8.5 per cent from 7 per cent.

Note: India GDP projected F21

  • Moody-(-)8.9%
  • NCAER- (-)12.6%
  • India Ratings & Research-(-)11.8%
  • ICRA—(-11%)
  • World Bank: (-9.6%)
  • ADB– (-)9%
  • IMF- (-)10.3%
  • Fitch: (-) 10.5%
  • S&P- (-) 9%

♦P K Mohanty Panel for conversion of large NBFCs into banks

P K Mohanty Panel for conversion of large NBFCs into banks

  • In a series of proposals, an Internal Working Group (IWG) of the Reserve Bank of India (RBI) has recommended the guarded entry of corporates into the banking space, conversion of big NBFCs into banks and hike in promoters’ stake to 26% from 15%. The group also proposed a hike in minimum capital for new banks from Rs 500 crore to Rs 1,000 crore.
  • “The cap on promoters’ stake in the long run — 15 years — may be raised from the current level of 15 per cent to 26 per cent of the paid-up voting equity share capital of the bank,” the group proposed.
  • The committee, headed by PK Mohanty, has said “large corporates and industrial houses may be allowed as promoters of banks only after necessary amendments to the Banking Regulation Act, 1949” and strengthening of the supervisory mechanism for large conglomerates, including consolidated supervision. This is to prevent connected lending and exposures between the banks and other financial and non-financial group entities, it added.

List of Latest Committee and Headed by

  • Analysis of QR (Quick Response) Code’: Prof. Deepak.B. Phatak
  • Sebi rejigs advisory: Usha Thorat
  • Setting Parameters for Loan Restructuring: KV Kamath
  • Committee on Business Responsibility Reporting (BRR): Rajesh Verma
  • Assessment of relief to bank borrower: Rajiv Mehrishi

♦RBI becomes world’s 1st central bank to reach 1 mn followers on Twitter

  • With one million Twitter followers, the Reserve Bank of India has become the first central bank in the world to reach this milestone.
  • The Reserve Bank of India (RBI) has beaten the US Federal Reserve and European Central Bank on Twitter by emerging as the most popular central bank on the microblogging site with one million followers.

Important Day

♦November 21: World Fisheries Day

  • Every year, the World Fisheries Day is celebrated on November 21. it is important to celebrate the day to create awareness about sustainable fishing.
  • Theme: Social Responsibility in the fisheries value chain

♦November 21-World Television Day

  • Every year, the world celebrates World Television Day on November 21 to acknowledge the importance of visual media. The first World Television Forum was celebrated on November 21 in 1996 and the day later came to be known as World Television Day.
  • An important mode of communication and information dissemination, World Television Day, has played an important role in framing public opinion and global decisions.


♦Actress Leena Acharya passes away

  • Actor Leena Acharya passed away on 21st Nov in Delhi due to kidney failure.
  • Leena Acharya was a part of shows like Seth Ji, Aap Ke Aa Jane Se, Meri Hanikarak Biwi and Class of 2020 among others. She also starred in Bollywood film Hichki.

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