CURRENT AFFAIRS & GK FOR UPSC,SSC, PSC, IBPS,LIC,RAILWAY & ALL OTHER EXAMS
Sunday, 31 December 2017
Thursday, 21 December 2017
CURRENT AFFAIRS & GK FOR UPSC,SSC,PSC,IBPS,LIC,RAILWAY & ALL OTHER EXAM: CURRENT UPDATES : SAHITYA AKADEMI AWARDS 2017
CURRENT AFFAIRS & GK FOR UPSC,SSC,PSC,IBPS,LIC,RAILWAY & ALL OTHER EXAM: CURRENT UPDATES : SAHITYA AKADEMI AWARDS 2017: Sahitya Akademi, India's national academy of letters, on 21 December, Friday announced its annual awards, recognising the literary wor...
CURRENT UPDATES : SAHITYA AKADEMI AWARDS 2017
Sahitya Akademi, India's national
academy of letters, on 21 December, Friday announced its annual awards,
recognising the literary works of 24 writers writing in 24 Indian languages. Seven
books of novels, five of poetry, five of short stories, five of literary
criticism, and one of play and essays have won the Sahitya Akademi Awards 2017.
The awards will be conferred upon the winners during a ceremony on 12 February
2018. The award, given for books published between 1 January 2011 and 31
December 2015, includes a casket containing an engraved copper-plaque, a shawl,
and a cheque of Rs 1 lakh.
Wednesday, 6 December 2017
CURRENT UPDATE : FIFTH BI-MONTHLY MONETARY POLICY STATEMENT, 2017-18 BY RBI
FIFTH BI-MONTHLY MONETARY POLICY
STATEMENT, 2017-18 RESOLUTION OF THE MONETARY POLICY COMMITTEE (MPC) RESERVE
BANK OF INDIA
On the basis of an assessment of the current and
evolving macroeconomic situation at its meeting on 06-12-2017, the Monetary
Policy Committee (MPC) decided to:
·
Keep the policy
repo rate under the liquidity adjustment facility (LAF) unchanged at 6.0 per
cent.
·
Consequently,
the reverse repo rate under the LAF remains at 5.75 per cent, and the marginal
standing facility (MSF) rate and the Bank Rate at 6.25 per cent.
The
decision of the MPC is consistent with a neutral stance of monetary policy in
consonance with the objective of achieving the medium-term target for consumer
price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent,
while supporting growth.
|
CURRENT RATES
|
||
|
POLICY RATES
|
BANK RATE
|
6.25 %
|
|
REPO RATE
|
6
%
|
|
|
REVERSE REPO RATE
|
5.75 %
|
|
|
MARGINAL STANDING FACILITY RATE
|
6.25 %
|
|
|
RESERVE RATIO
|
CRR
|
4 %
|
|
SLR
|
19.5 %
|
|
|
LENDING RATE
|
BASE RATE
|
8.95 – 9.45 %
|
The next meeting of the
MPC is scheduled on February 6 and 7, 2018.
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