Daily Current Affairs – 09 October, 2020

Weekly Current Affairs October 08 - October 14 2020
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Current Affairs is an important section to cover if one wish to appear in any kind of competitive exams like APSC, UPSC, all state civil service exams, Railway exams, SSC, RRBs, IAS, ACS, all Government job exams, TET, CTET and different banking exams like IBPS, SBI PO, SBI Clerk , RBI etc. We have covered the latest Daily Current Affairs – 09 October 2020. Visit our page regularly to get the latest information and get updated and prepared for your exams.

Daily Current Affairs – 09 October 2020

1. New Deputy Governor of RBI appointed

The Central Government of India has appointed M. Rajeshwar Rao as the new Deputy Governor of Reserve Bank of India(RBI) on 7th of October, 2020.

Key Points

  • M. Rajeshwar Rao replaced the former Deputy Governor of RBI N R Vishwanathan who had resigned in March 2020 due to health issues.
  • The duties of a Deputy Governor are managing financial market operations, internal debts, international departments, secretarial departments at RBI, etc.
  • The appointment of a Deputy Governor is done by the Appointments Committee of the Union Cabinet after recommendation of the name by the Financial Sector Regulatory Appointment Search Committee.

2. First ever Brand & Logo for Indian Cotton

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The first ever Brand & Logo for Indian Cotton was launched on October 7, 2020 by Union Minister of Textiles, Smriti Irani.

Key Points

  • From now onwards the India’s premium cotton will be known as ‘Kasturi Cotton’ in the world cotton Trade.
  • The Kasturi Cotton Brand will represent Whiteness, Brightness, Softness, Purity, Luster Uniqueness and Indianness.
  • Cotton is one of the principal commercial crops of India.
  • India is the second largest producer of cotton and and also the largest consumer of the same.
  • India produces about 6 million tons of cotton every year and an estimated 51% of the total organic cotton production of the world.

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