CURRENT AFFAIRS & GK FOR UPSC,SSC, PSC, IBPS,LIC,RAILWAY & ALL OTHER EXAMS
Wednesday, 31 December 2014
Sunday, 7 December 2014
CURRENT UPDATE : GSAT-16 LAUNCHED SUCCESSFULLY
INDIA'S
COMMUNICATION SATELLITE GSAT-16 LAUNCHED SUCCESSFULLY
India's communication
satellite, GSAT-16, was successfully
launched at 02:10 hrs IST today (December 7, 2014)
by the Ariane-5 launch vehicle VA221
of Arianespace from Kourou, French Guiana.
Ariane-5 precisely placed GSAT-16 into the intended Geosynchronous Transfer
Orbit (GTO), after a flight of 32 minutes and 20.4 Seconds duration.
ISRO's Master Control
Facility (MCF) at Hassan in Karnataka started acquiring the signal from the
satellite at 0241 hrs IST and the commanding of the satellite was initiated. Initial
checks have indicated normal health of the satellite.
The present orbit of
the satellite will be raised to Geostationary Orbit of about 36,000 km altitude
through three orbit raising manoeuvres by the firing of GSAT-16's Liquid Apogee
Motor (LAM) Engine. Preparations are underway for the first firing, planned in
the early hours of December 8, 2014. The satellite will be placed in the
Geostationary Orbit by December 12, 2014 and subsequently the satellite's
communication transponders will be switched on for in-orbit testing.
Wednesday, 3 December 2014
CURRENT UPDATE : NEW CBI DIRECTOR
ANIL
KUMAR SINHA TAKES OVER AS DIRECTOR, CBI
Shri Anil Kumar Sinha, an IPS Officer of 1979 Batch
(Bihar Cadre) today took over as Director,
Central Bureau of Investigation. Before joining, he was serving as
Special Director in CBI.
While interacting with
media, Shri Sinha said, "I accept the responsibility to head the premier
investigation agency with deep humility. I am aware of the challenges facing
the CBI and would endeavour to work with my team to strengthen the cause of
justice and reiterate our commitment to the values enshrined in the motto of
the organisation i.e industry, impartiality and integrity. I seek cooperation
of all in discharge of my responsibilities".
Shri Sinha has earlier
held several important positions in his State cadre in Vigilance & Anti
Corruption, Administration, Special Branch & other Divisions as SP, DIG, IG
& ADG. He has served as Additional Director General of Police(Law &
Order) and thereafter as Additional DG, he headed the Vigilance Investigation
Bureau. He has been associated with the investigations of a number of sensitive
cases, including a large number of trap cases and Disproportionate Assets Cases
against corrupt public servants that ended in convictions of the accused
persons and also in confiscation of their ill gotten property. He has also
served as DIG & IG in Special Protection Group, New Delhi and Additional
Secretary in Central Vigilance Commission, New Delhi.
Shri Anil Kumar Sinha
is a Post Graduate in Psychology and M.Phil in Strategic Studies. He has
received training in Leading Economic Growth from Kennedy School of Government,
Harvard University. He has been decorated with the Police Medal for Meritorious
Service in 2000 and the President’s Police Medal for Distinguished Service in
2006
Tuesday, 2 December 2014
CURRENT UPDATE : RBI - FIFTH BI-MONTHLY MONETARY POLICY STATEMENT 2014-2015
FIFTH BI-MONTHLY MONETARY POLICY STATEMENT 2014-2015
Monetary and Liquidity
Measures
On the basis of an
assessment of the current and evolving macroeconomic situation, it has been
decided to:
`
Keep the policy repo
rate under the liquidity adjustment facility (LAF)
unchanged at 8.0 per cent
`
Keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per cent of net demand and time liabilities
(NDTL)
`
Continue to provide liquidity under
overnight repos at 0.25 per cent of bank-wise NDTL at the LAF repo rate and
liquidity under 7-day and 14-day term repos of up to 0.75 per cent of NDTL of
the banking system through auctions
`
Continue with daily one-day term repos
and reverse repos to smooth liquidity.
Consequently, the reverse repo rate under the LAF will remain
unchanged at 7.0 per cent, and the marginal
standing facility (MSF) rate and the Bank Rate at 9.0
per cent.
CURRENT RATES
|
||
POLICY RATES
|
BANK RATE
|
9%
|
REPO RATE
|
8%
|
|
REVERSE REPO RATE
|
7%
|
|
MARGINAL STANDING FACILITY RATE
|
9%
|
|
RESERVE RATIO
|
CRR
|
4%
|
SLR
|
22%
|
|
LENDING RATE
|
BASE RATE
|
10% - 10.25%
|
The sixth bi-monthly monetary policy statement is
scheduled on Tuesday, February 3, 2015.
For more details about : Fifth Bi-Monthly Monetary Policy Statement 2014-2015
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