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Daily GK Update 6 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, IBPS, SBI PO, SSC, Railways , SBI Clerk 2020 and State Exam of 2020.
National (Current Affairs)
♦PM Modi and Italian PM to hold Bilateral Summit
- The Prime Minister of India, Narendra Modi, will held a virtual bilateral summit with his Italian counterpart, Giuseppe Conte on November 6, 2020. During the virtual summit, both the leaders would sign 15 pacts in the field of trade, energy, ship building and culture.
- The summit will explore possibilities of Italian investments in India. The primary focus will be on investments in defence. Both the countries will also discuss about hosting the G20 summit.
- Note: Italy have agreed to host G20 summit in 2021 after India requested.
Note: About Italy
- Capital: Rome
- Currency: Euro
♦Prasar Bharati CEO to Head New Central Committee on TRP System
- An alleged TRP scam came to the fore, the Centre on 4th Nov constituted a committee to review the guidelines on television rating agencies in India and asked the panel to submit its report to the information and broadcasting minister within two months.
- The four-member committee will be headed by Prasar Bharati CEO Shashi S. Vempati.
- The Ministry of Information and Broadcasting said the present guidelines issued by it in 2014 on television rating agencies in India were notified after detailed deliberations by the Parliamentary Committee, Committee on Television Rating Points (TRP) constituted by the ministry and recommendations of the Telecom Regulatory Authority etc.
List of Latest Committee and Headed by
- Analysis of QR (Quick Response) Code’: Prof. Deepak.B. Phatak
- National Financial Reporting Authority: Professor R. Narayanaswamy
- Sebi rejigs advisory: Usha Thorat
- Examine the possibility of offering Surety Bond for contractors (IRDAI): G. Srinivasan.
- Setting Parameters for Loan Restructuring: KV Kamath
- Assessment of relief to bank borrower: Rajiv Mehrishi
- Preventing stubble burning in Punjab, Haryana and UP which is a source of pollution in Delhi-national capital region (NCR): Ex-judge M B Loku
International (Current Affairs)
♦Shaktikanta Das chairs 40th SAARCFINANCE Governors’ Group meeting
- Reserve Bank of India (RBI) Governor Shaktikanta Das on 4th Nov inaugurated and chaired the 40th meeting of the SAARCFINANCE Governors’ Group.
- During his opening remarks, the RBI Governor highlighted the close partnership and co-operation among the member countries in jointly fighting the pandemic. The group took stock of the macroeconomic situation in the SAARC region and discussed the current SAARCFINANCE initiatives.
- The meeting was attended by the Governors from SAARC central banks- Fazle Kabir, Bangladesh Bank, Dasho Penjore, Royal Monetary Authority of Bhutan, Ali Hashim, Maldives Monetary Authority, Maha Prasad Adhikari, Nepal Rastra Bank, Dr Reza Baqir, State Bank of Pakistan; and Professor WD Lakshman, Central Bank of Sri Lanka. Governor, Da Afghanistan Bank (DAB) was represented by a senior official of DAB.
Banking and Financial
♦ICICI Bank launches banking stack for millennial customers
- ICICI Bank has launched a banking stack for millennial customers which offers an instant savings account, a feature-driven iMobile application that offers investment guidance, curated credit and debit card, instant personal loans and overdrafts, and an experiential branch with social engagement space.
- Called ICICI Bank Mine, any millennial-aged up to 35 years can apply digitally for the account from November 6 through the bank’s website or the app.
- Aims: “It is open to any millennial with access to a smartphone. But the initial focus is to attract customers who are in their first jobs or early in their careers, salaried customers or young entrepreneurs.
Note: About ICICI Bank
- Headquarters: Mumbai
- Founded: June 1994
- Tagline: “Hum Hai na…”
♦Reserve Bank of India on announced a Co-Lending Model (CLM) scheme for Banks and NBFC
- The Reserve Bank of India on announced a Co-Lending Model (CLM) scheme on November 5, 2020. Under the Co-Lending Model, banks and Non Banking Financial Company (NBFC) can provide loans to the priority sector borrowers based on a prior agreement.
- Aims: The primary focus of the scheme is to improve the flow of credit to the unserved and underserved sector of the economy. It also seeks to make available funds to the ultimate beneficiary at an affordable cost.
- Co-Lending Model (CLM): The CLM is an improvement over the co-origination of loan scheme that was announced by the RBI in September 2018. CLM seeks to provide greater flexibility to the lending institutions. Under the CLM norms, banks will have the permission to co-lend with all registered NBFCs based on a prior agreement. The co-lending banks will take their share of the individual loans on a back-to-back basis. But, the NBFCs will be required to retain a minimum of 20% share of the individual loans.
Note: About RBI
- Governor: Shaktikanta Das
- Deputy Governor: B.P. Kanungo
- Deputy Governor: Mahesh Kumar Jain
- Deputy Governor: M. D. Patra
- Deputy Governor: M Rajeshwar Rao
♦WhatsApp Pay To Launch Payments In 10 Indian Languages After NPCI Nod
- WhatsApp Inc.the Facebook-owned messaging platform, will roll out payments feature for users across the country in regional languages, a day after securing an approval from the National Payments Corporation of India.
- “Payments is available now in 10 Indian regional language versions of WhatsApp. All you need is a debit card with a bank that supports UPI and you can set it up straight away.
- The NPCI has given its nod to WhatsApp to offer payments services via the Unified Payments Interface. This ends a two-year wait for WhatsApp Pay, which has so far been operating pilot operations for users in India.
Note: About National Payments Corporation of India
- MD & CEO: Dilip Asbe.
- Headquarters: Mumbai.
- Founded: 2008.
Appointment
♦Board of International Dairy Federation elects NDDB chairman Dilip Rath
- Dilip Rath, Chairman, National Dairy Development Board (NDDB) has been unanimously elected to the Board of International Dairy Federation (IDF) on 2nd November 2020 during the General Assembly of IDF
- Dilip Rath is associated with IDF for the last 10 years as Member Secretary of Indian National Committee and as a member of the Standing Committee on Dairy Policy and Economics. He has participated in National Committee Secretaries’ meetings as well as General Assembly on numerous occasions.
- Note: India ranks first among the world’s milk-producing nations and has the largest bovine population in the world.
Note: About International Dairy Federation
- Established: 1903
- President: Piercristiano Brazzale
- Headquarters: Brussels, Belgium
♦Syska Group announces Rajkummar Rao as its new brand ambassador
- Fast Moving Electrical Goods (FMEG) company Syska Group, has roped in actor Rajkummar Rao as the new face of the brand. Rao will work closely with the company to promote the Syska products across LED and fan segments.
- The company aims to leverage the actor’s strong connect with urban audiences, as well as with those from Tier 2 and 3 markets, which make up the large segment of its target groups.
Note: List of latest brand ambassador
- Bajaj Allianz: Ayushmann Khurrana
- Paytm First Games (PFG): Sachin Tendulkar
- Great Learning: Virat Kohli
- Acer India: Sonu Sood
- Ceat Tyres: Aamir Khan
- Myntra for beauty segment: Disha Patani, kiara advani
- Dr Trust: Rohit Sharma
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