Daily Current Affairs 7th February 2019 For All Government Examinations

Daily Current Affairs 7th February 2019 For All Government Examinations
Daily Current Affairs 7th February 2019 For All Government Examinations


Daily Current Affairs 7th February 2019 For All Government Examinations

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RBI has announced Sixth Bi-Monthly Monetary Policy Statement 2018-19:- Point-to-Point Details 


RBI Governor Shaktikanta Das has announced the Sixth Bi-monthly Monetary Policy Statement for the year 2018-19. (Feb 7th 2019)

On the basis of an assessment of the current and evolving macroeconomic situation at its meeting, the Monetary Policy Committee (MPC) decided to:-

Reduce the policy Repo Rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.5 per cent to 6.25 per cent with immediate effect.


Consequently, the Reverse Repo Rate under the LAF stands adjusted to 6.0 per cent, and the marginal standing facility (MSF) rate and the Bank Rate to 6.5 per cent.

The Cash Reserve Ratio (CRR) of scheduled banks unchanged at 4.0% of (NDTL).

Current RBI Policy Rates Given Below:-

Policy Repo Rate
6.25%
Reverse Repo Rate
6.00%
Marginal Standing Facility (MSF) Rate
6.50%
Bank Rate
6.50%
Cash Reserve Ratio (CRR)
4%
Statutory Liquidity Ratio (SLR)
19.25%


These decisions are 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..........Read More


Sailesh Assumed Charge as Secretary, Ministry of Minority Affairs

Sailesh, IAS, Assam-Meghalaya Cadre, 1985 batch, assumed the charge as Secretary, Ministry of Minority Affairs.

The Minister of Minority Affairs, Mukhtar Abbas Naqvi took meeting with the Secretary and other senior officers of the Ministry and reviewed progress of scheme implementation for the welfare of minorities..........Read More

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