26 February 2021
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26th February 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

Daily GK updates are incorporated with the important news that made the current affairs headlines for banking or other competitive exams. Daily GK Update is the complete bag of the important news that held all day long. One should have complete knowledge about banking terms, current affairs news, etc. So, here is the GK update of 26th February 2021 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

National News

1. Union Cabinet approves President’s Rule in Puducherry

The Union Cabinet has approved to dissolve the Puducherry Assembly and impose President’s rule in the Union Territory, following the resignation of the Chief Minister, V Narayanasamy, whose government lost majority power in the assembly. The decision was taken as no party claimed to form a government, following which, Lieutenant Governor Tamilisai Soundararajan had recommended President’s Rule.
The approval will now be sent to the President, Ramnath Kovind. The legislative assembly of the UT will be dissolved once the President accords his permission. Prior to this, the President’s rule was imposed in Puducherry between March and July in 1991 when the JD-DMK coalition government fell.

International News

2. Irakli Garibashvili as New Prime Minister of Georgia

The Parliament of Georgia confirmed Irakli Garibashvili as Prime Minister along with a vote of confidence in the cabinet Garibashvili put forward. Garibashvili pledged to create a long-term development strategy for Georgia in his first one hundred days in office.
First, on the agenda, Garibashvili will continue the essential work of the government to ably manage the pandemic and accelerate the focus on rebuilding the economy while continuing to strengthen Georgia’s security and democratic institutions.

Important takeaways for all competitive exams:

Georgia Capital: Tbilisi; Currency: Georgian lari.

Appointments News

3. Fullerton India Credit Company appointed Shantanu Mitra as CEO and MD

Fullerton India Credit Company has appointed Shantanu Mitra as the new CEO and Managing Director. He has over 40 years of experience in financial services, with over 20 years at Standard Chartered and Citibank, where he had stints in India, Singapore and Thailand.
His last role in Standard Chartered was Senior Regional Risk Officer, India, Middle East and Africa. His previous experience with Fullerton included a stint from 2010 to 2017.

Important takeaways for all competitive exams:

Fullerton India Credit Company Founded: 1994.
Fullerton India Credit Company Headquarters: Mumbai.

4. Gautam Thakar made global CEO of OLX Autos

OLXGroup appoints Gautam Thakar as global CEO of OLX Autos. He will lead a worldwide organisation with a workforce of more than 4,000 employees across Asia, Africa, Latam, and the United States.
OLXGroup announced the appointment of Gautam Thakar as global CEO of OLX Autos effective March 15, 2021.

Important takeaways for all competitive exams:

OLXGroup Founded: 2006.
OLXGroup Headquarters: Amsterdam, Netherlands.

Summits and Conferences News

5. India, Australia and France hold trilateral dialogue with focus on Indo-Pacific

A trilateral dialogue was held among India, France, and Australia on February 24, 2021, at the senior officials’ level, with a focus on further enhancing cooperation in the Indo-Pacific. The aim of this trilateral dialogue is to build strong bilateral relation among the three countries and synergies their respective strength to ensure a peaceful, secure, prosperous and rules-based Indo-Pacific region.
It must be remembered that the first India-France-Australia Trilateral Dialogue was held virtually on September 9, 2020, at Foreign Secretary-level, for better coordination in the region.
At the senior official level, the Indian side was led by Joint Secretary (Europe West) in MEA, Sandeep Chakravorty, while the French side was led by Bertrand Lortholary, Director (Asia and Oceania), and the Australian side was led by Mr Gary Cowan, First Assistant Secretary (North and South Asia Division) and Mr John Geering, First Assistant Secretary (Europe and Latin America Division).

6. Piyush Goyal addresses 6th International Conference on Pharmaceutical & Medical Devices

The 6th edition of the International Conference on Pharmaceutical & Medical Device sector was inaugurated by Union Minister of Railways, Commerce & Industry, and Consumer Affairs and Food & Public Distribution Piyush Goyal.
To encourage and bring forward the best technology solutions and manufacturing, for the overall growth of the Pharma & Medical Device sector.
The theme of India Pharma 2021: ‘Indian Pharma Industry: “Future is Now”.
The theme of India Medical Device 2021 is “India MedTech Future: Innovate & Make in India through Global Alliance”.
The conference is organised every year by the Department of Pharmaceuticals, Ministry of Chemicals & Fertilizers, Government of India, along with the Federation of Indian Chambers of Commerce & Industry (FICCI).

Economy News

7. ICRA expects Indian economy to contract 7% in FY21

India’s rating agency, ICRA has projected the Indian economy to contract 7 percent in the current fiscal (FY21).
For the next fiscal, i.e. FY22 (2021-22), ICRA expects a considerable rebound in India’s economic growth to 10.5 per cent due to higher central government spending, and a pick-up in consumption.

Important takeaways for all competitive exams:

ICRA Headquarters: Gurgaon, Haryana.
ICRA Non-Executive Chairman and Director: Arun Duggal.

8. Moody’s projects India’s GDP to contract 7% in FY21

The US-based rating agency Moody’s has revised its growth projection for India, and now expects the economy to contract 7 per cent in fiscal 2020-21 (FY21). This is lower than its previous estimate of 10.6 per cent contraction.
For the next financial year, FY22, beginning April 1, Moody’s has projected the economy to grow to 13.7 per cent, as compared to 10.8 per cent estimated earlier.

Important takeaways for all competitive exams:

Headquarters of Moody’s: NewYork, United States.
President & CEO of Moody’s: Raymond W. McDaniel, Jr.

Sports News

9. Dushyant Chautala re-elected as President of TTFI

Dushyant Chautala has been re-elected as the President of Table Tennis Federation of India (TTFI) for a period of four years. He was elected unanimously during the 84th annual meeting of the TTFI, on February 24, 2021.
He is also the current Deputy Chief Minister of Haryana. The 32-year-old was first elected as President of the TTFI in January 2017, becoming the youngest President in the history of TTFI.

Important takeaways for all competitive exams:

Headquarters Table Tennis Federation of India: New Delhi.
Table Tennis Federation of India Founded: 1926.

Miscellaneous News

10. Chandigarh became the first Union Territory in India to launch Carbon Watch

Chandigarh became the first state or Union Territory in India to launch Carbon Watch, a mobile application to assess the carbon footprint of an individual. Although the app can be accessed by everyone, it has specific options for the residents of Chandigarh to compile a detailed study.
As a person downloads the application, they will need to fill details in four parts Water, Energy, Waste Generation and Transport (Vehicular movement).
In the category of Water, the person will be required to inform about the consumption of water.
In the Energy category, the details regarding the electricity units consumed every month at the house, monthly bill etc and usage of solar energy will have to be furnished.
In the Waste category, the individual will need to inform about the waste generated on their part and their family. In the transport section, the individual will have to inform them about the mode of transport used by the- four-wheeler, two-wheeler or bicycle.

Important takeaways for all competitive exams:

Chandigarh Administrator: V.P. Singh Badnore.

26 February 2021 ------------------------------- 26th February 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

National News

International News

Appointments News

Summits and Conferences News

Economy News

Sports News

Miscellaneous News

26 February 2021
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26th February 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

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