LAUNCHES
Mission Launches
Union Textiles Minister Launches ₹5,659 Crore 'Kapas Kanti Mission' and Technological Tools
The Central Government approved the 5-year 'Kapas Kanti Mission' (2026-27 to 2030-31) with a budget outlay of ₹5,659.22 crore to enhance cotton productivity.
The mission aims to boost national cotton lint productivity from 440 kg/ha to 755 kg/ha, targetting an overall output of 498 lakh bales.
Union Minister Giriraj Singh unveiled the Centre of Excellence for Handloom Technology at IIT Delhi alongside launching the 'Kapas Darshan' bulletin on CCI's 56th Foundation Day.
Perspective: Technological modernization in the textile sector bridges yield gaps, elevates fabric standards, and enhances farm-to-fiber economic returns.
The mission aims to boost national cotton lint productivity from 440 kg/ha to 755 kg/ha, targetting an overall output of 498 lakh bales.
Union Minister Giriraj Singh unveiled the Centre of Excellence for Handloom Technology at IIT Delhi alongside launching the 'Kapas Darshan' bulletin on CCI's 56th Foundation Day.
Perspective: Technological modernization in the textile sector bridges yield gaps, elevates fabric standards, and enhances farm-to-fiber economic returns.
Key Facts / Static GK
Cotton Corporation of India (CCI) Established: 31 July 1970
CCI Headquarters: Mumbai, Maharashtra
CCI Chairman & Managing Director: Lalit Kumar Gupta
CCI Headquarters: Mumbai, Maharashtra
CCI Chairman & Managing Director: Lalit Kumar Gupta
Practice Quiz — 5 August 2026
Q1. Which of the following statements regarding the RBI's updated Bulk Deposit Interest Rate Directions 2026 is/are correct?
Answer: (B) Both statements I and II are correct — Statement I: The framework allows differential rates on bulk deposits based on LCR run-off rates from October 1, 2026. Statement II: Commercial banks and SFBs share a bulk deposit threshold of ₹3 crore, while RRBs have a threshold of ₹1 crore.
Q2. Under the revised CGSMFI 2.0 guidelines, what is the mandatory minimum combined allocation percentage of guarantee cover reserved for small and medium MFIs?
Answer: (C) 15% — Banks must now allocate at least 15% of the total guarantee cover under CGSMFI 2.0 to small and medium-sized MFIs, replacing the previous segregated structure of 5% and 10%.
Q3. Which agency constructed the new Income Tax Department office complex 'Aayakar Sindhu' inaugurated in Mumbai?
Answer: (B) Central Public Works Department (CPWD) — The 'Aayakar Sindhu' office complex in Nariman Point, Mumbai, was constructed by the Central Public Works Department (CPWD).
Q4. Which Non-Banking Financial Company (NBFC) has partnered with Flipkart as the principal lending partner for 'Flipkart Pay Later'?
Answer: (B) PayU Finance — PayU Finance, the NBFC arm of PayU, serves as the primary licensed lender for the Flipkart Pay Later digital credit solution.
Q5. Which founding document led to the formal establishment of the Arctic Council in 1996?
Answer: (B) Ottawa Declaration — The Arctic Council was officially established in 1996 through the adoption of the Ottawa Declaration.
Keep Learning with PrepZen
Get daily current affairs, live mock tests, mistake bank, vocab builder & more — all free on your phone.