Weekly Current Affairs, October 08 – October 14, 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 Weekly Current Affairs, October 08 – October 14, 2020. Visit our page regularly to get the latest information and get updated and prepared for your exams.

Weekly Current Affairs October 08 – October 14 2020

Top Current Affairs of the Week

1. New Deputy Governor of RBI appointed

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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.

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.

3. The Nobel Prize in Literature- 2020

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The 2020 Nobel Prize in literature went to American poet Louish Gluck “for her unmistakable poetic voice that with austere beauty makes individual existence universal”.

4. The Nobel Peace Prize-2020

The United Nations’ World Food Programme won the Nobel Peace Prize -2020 for its effort to combat hunger and food insecurity around the globe.

About World Food Programme

  • The World Food Programme is a global body affiliated to the United Nations.
  • It was established by the the United Nations in 1961
  • The Objective of WFP is to alleviate hunger from the world.
  • The organization runs various programmes to achieve its aim of helping more than 15% of the world’s population that is facing hunger.

5. India test-fires Rudram

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India has successfully test fired the Rudram – missile from its primary test platfrom Sukhoi30 fighter aircraft . It is an Anti-Radiation missile developed by Defence Research and Development Organisation(DRDO).

Key Points

  • The Rudram missile have a strike range of around 100 to 150 kms.
  • It weighs about 140 kg.
  • The air-to-ground missile is first of its kind developed by DRDO for the IAF.
  • It can also be integrated and launched with Jaguar, Mirage 2000, Tejas, and Tejas Mark 2.
  • The missile has been powered by a dual-pulsed solid motor.

6. Nobel Prize in Economics – 2020

The Nobel Prize in Economics for the year 2020 have been awarded to American economist Paul Milgram and Robert Wilson for their contributions to auction theory.

Key Points

  • Milgram and Wilson were recognized for theoretical discoveries that improved how auctions work.
  • According to Royal Swedish Academy of Sciences, Milgram and Wilson invented new formats for auctioning many interrelated objects on behalf of a seller motivated by doing good for society rather than achieving the highest price possible.
  • The prize for economics is officially known as the Sveriges Riksbank Prize in Economic Sciences.
  • The prize was established by Sweden’s central bank and has been awarded since 1969.

7. First State to become a Digital State in Public Education

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Kerela has become the first state to make public education completely digital.

Key Points

  • The total expenditure incurred on the initiative was Rs 43.36 crores.
  • The project was implemented by Kerela Infrastructure and Technology for Education.
  • The project have set up more than 45000 high-tech classrooms across 4752 schools.
  • Under the project high-tech labs are also set up in some 11275 schools at primary and secondary levels.
  • About 12,678 schools have access to high speed broadband connection in Kerela.
  • The Classrooms are equipped with projectors, televisions, webcams, laptops, DSLR cameras and several types of other digital equipment.

Read More :

Daily Current Affairs

Weekly Current Affairs, October 01 – October 07, 2020

Weekly Current Affairs, September 08 – September 14, 2020

Weekly Current Affairs, September 01 – September 07, 2020

Weekly Current Affairs, August 22 – August 31, 2020

Monthly Current Affairs

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