CURRENT AFFAIRS

Detailed explanation-1: -The Union Government has announced the formation of the Cotton Council of India under the Chairmanship of renowned veteran cotton man Suresh Bhai Kotak. It will have representation from Textiles, Agriculture, Commerce, and Finance Ministries along with Cotton Corporation of India and Cotton Research Institute.

Detailed explanation-2: -The Cotton Corporation of India Limited or CCI is a central public sector undertaking under the ownership of the Ministry of Textiles, Government of India, engaged in diverse activities related to trade, procurement, and export of cotton.

Detailed explanation-3: -Source: Centre announces formation of Cotton Council of India under Chairmanship of Suresh Bhai Kotak.

Detailed explanation-4: -The National Cotton Council of America’s mission is to ensure the ability of all U.S. cotton industry segments to compete effectively and profitably in the raw cotton, oilseed and U.S.-manufactured product markets at home and abroad.

Detailed explanation-5: -India got 1st place in the world in cotton acreage with 120.69 Lakh Hectares area under cotton cultivation i.e. around 36% of world area of 333 Lakh Hectares. Around 67% of India’s cotton is grown on rain-fed areas and 33% on irrigated area.