Latest Current Affairs Daily Update

Daily Current Affairs Headlines 09 Oct 2020

09 Oct 2020 Most Important Current Affairs Quiz

Important Days

Indian Air Force Day

Indian Air Force Day is celebrated every year by the Indian Air Force on 8th of October. This year Indian Air Force celebrated its 88th anniversary.

Indian Air Force was officially established on 8 October 1932 by the British Empire as the Royal Indian Air Force. The name was changed to Indian Air Force in 1950.

Useful Notes for all competitive exams: 

  • Chiefs of Air Staff: Rakesh Kumar Singh Bhadauria.

National Headlines

Smriti Irani launches first ever Brand & Logo for Indian Cotton

Union Minister of Textiles, Smriti Irani has launched the first-ever Brand and Logo for Indian Cotton on Second World Cotton Day through video conferencing.

Now India’s premium cotton would be known as ‘Kasturi Cotton’ in the world cotton trade. The Kasturi Cotton brand will represent Whiteness, Brightness, Softness, Purity, Luster, Uniqueness and Indianness.

Useful Notes for all competitive exams: 

  • Chairman-Cum-Managing Director of Cotton Corporation of India: Pradeep Kumar Agarwal.
  • Cotton Corporation of India Headquarters: Mumbai, Maharashtra.
  • Cotton Corporation of India Founded: 31 July 1970.

Gujarat govt to launch ‘Digital Seva Setu’ programme

The state government of Gujarat has announced a ‘Digital Seva Setu’ programme to ensure optimum utilisation of technology for public welfare in rural areas. The program has been initiated under the Centre’s BharatNet Project.

Under the ‘Digital Seva Setu’ program, public welfare services will be made available in all the 14,000-gram panchayats in the state by connecting village panchayats through an optical fibre network.

Each village panchayat will get e-gram office so that villagers will not have to go all the way to taluka or district-level offices. All the gram panchayats will be connected to the state data centre at Gandhinagar.

Initially, 20 services will be offered to villagers under the programme like ration cards, affidavits and certificates for widows, residence, caste, senior citizen, language-based minority, a religious minority, nomad-denotified, and income certificates at their doorstep.

Useful Notes for all competitive exams: 

  • Gujarat Chief Minister: Vijay Rupani.
  • Gujarat Governor: Acharya Devvrat.

International Headlines

Russia successfully test-fires Tsirkon hypersonic missile

Russia successfully test-fired a Tsirkon hypersonic cruise missile in the Arctic. The Missile was fired from the Admiral Gorshkov frigate in the White Sea, Russian Arctic.

The missile covered a distance of 450 km with the maximum altitude of its trajectory at 28 km. The flight lasted 4.5 minutes and the missile reached a hypersonic speed of over Mach 8.

Useful Notes for all competitive exams: 

  • Russia President: Vladimir Putin.
  • Russia Capital: Moscow.
  • Russia Currency: Russian Ruble.

Kuwait Prime Minister Sabah Al Khalid Al Sabah Resigns

The Kuwaiti government, headed by Prime Minister(PM) Sabah Al Khalid Al Sabah submitted its resignation to Emir Nawaf Al Ahmed Al Jaber Al Sabah in anticipation of the upcoming general elections that are due to be held in November 2020.  He took charge as the PM in 2019. 

Useful Notes for all competitive exams: 

  • The emir named Sheikh Meshaal Al-Ahmed Al-Jaber Al-Sabah, currently the deputy head of the National Guard, as the crown prince of Kuwait.
  • Kuwait Capital: Kuwait City.
  • Kuwait Currency: Kuwaiti dinar.

Appointment

J Venkatramu appointed MD and CEO of India Post Payments Bank

J Venkatramu has been appointed the managing director and chief executive officer of India Post Payments Bank (IPPB). He will replace Suresh Sethi, who served the post till March 2020.

Venkatramuis presently working as the chief digital officer in Equitas Small Finance Bank. He has been appointed to the post of MD and CEO of IPPB for a period of three years.

Useful Notes for all competitive exams: 

  • Prime Minister Narendra Modi had launched IPPB in 2018.
  • India Post Payments Bank (IPPB) was incorporated as Payments Banking Company under Section 22 (1) of Banking Regulation Act, 1949.
  • India Post Payments Bank (IPPB) Headquarters: New Delhi.

Government of India appoints M Rajeshwar Rao as the RBI Deputy Governor

The Centre has appointed M Rajeshwar Rao as the new deputy governor of the Reserve Bank of India on 7th October 2020. Prior to this, M Rajeshwar Rao was an executive director at RBI.

NS Vishwanathan resigned from the post in March 2020 before the completion of his term in June, citing health reasons.

Useful Notes for all competitive exams: 

  • RBI 25th Governor: Shaktikant Das; Headquarters: Mumbai; Founded: 1 April 1935, Kolkata.

Banking

FM launches Indian Bank’s business mentoring programme ‘MSME Prerana’

Finance Minister, Nirmala Sitharaman has launched ”MSME Prerana”, an online business mentoring programme for MSMEs by state-run Indian Bank.

The programme, to be made available in local languages, is aimed at empowering entrepreneurs through skill development and capacity building workshops.

Useful Notes for all competitive exams: 

  • On April 1, 2020, Allahabad Bank amalgamated with Indian Bank.
  • Indian Bank MD and CEO: Padmaja Chunduru.
  • The tagline of Indian Bank: Your Own Bank.

Agreement

Axis Bank tie-up with Vistara to launch co-branded forex card

Axis Bank in partnership with India’s full-service carrier, Vistara launched a Co-Branded Forex Card, ‘Axis Bank Club Vistara Forex Card’ to cater to the needs of international travellers. This is the 1st-ever collaboration by a bank and an Indian airline for a co-branded forex card.

Useful Notes for all competitive exams: 

  • Vistara Headquarters: Gurgaon, Haryana.
  • Vistara CEO: Leslie Thng.
  • Axis Bank Headquarters: Mumbai, Maharashtra.
  • Axis Bank MD and CEO: Amitabh Chaudhry.

Awards

Nobel Prize in Literature 2020

The Nobel Prize in Literature for 2020 is awarded to the American poet Louise Gluck “for her unmistakable poetic voice that with austere beauty makes individual existence universal”.

The Nobel Prize in Literature is awarded by The Swedish Academy, Stockholm, Sweden. She made her debut in 1968 with Firstborn and was soon acclaimed as one of the most prominent poets in American contemporary literature.


Obituary

Former CBI director Ashwani Kumar passes away

Former Governor of Manipur and Nagaland, and ex-CBI Director, Ashwani Kumar passed away. He was born at Nahan in Sirmaur district and joined the Indian Police Force in 1973.

He was allotted the Himachal Pradesh cadre and while working as the District Superintendent of Police at Shimla in 1985, he was inducted in the newly created Special Protection Group (SPG), where he worked till 1990.


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