The Reserve Bank of India(RBI) Monetary Policy Committee has unanimously cut the repo rate by 25 basis points from 6% to 5.75%. Repo stands for ‘Repurchasing Option’. Repo rate refers to the rate at which commercial banks borrow money from the RBI. The reverse repo rate was also lowered to 5.50% from 5.75%.The reverse repo… Continue reading RBI cuts interest rate by 25 bps
Author: ForumIAS
Russia willing to drop New START pact: Putin
Russian President has said that Russia is prepared to suspend the NEW START treaty with the U.S.He said that the US has showed no interest in conducting talks on extending the New START treaty. The New START (Strategic Arms Reduction Treaty) is a nuclear arms reduction treaty between the United States and the Russian Federation.It… Continue reading Russia willing to drop New START pact: Putin
Commerce Minister addresses meeting of Board of Trade & Council for Trade Development and Promotion
Commerce minister has addressed a joint meeting of the Board of Trade and the Council of Trade Development and Promotion.The meeting was organised by the Ministry of Commerce and Industry and the Directorate General of Foreign Trade(DGFT). The minister has urged the representatives of industry,trade and exports bodies to reduce dependency on subsidies and grants… Continue reading Commerce Minister addresses meeting of Board of Trade & Council for Trade Development and Promotion
PM Modi’s first bilateral visit to Maldives begins tomorrow
Prime Minister will be visiting the Maldives and Sri Lanka from June 8 ,2019.This will be his first overseas visit in the second term. This will be PM first visit to Maldives since 2011.The prime minister visited the island nation in November to attend Maldives President swearing-in ceremony.However,it was not a full-fledged bilateral visit. India-Maldives… Continue reading PM Modi’s first bilateral visit to Maldives begins tomorrow
NITI Aayog reconstituted
Prime Minister has approved the reconstitution of National Institution for Transforming India(NITI Aayog). The Prime Minister will serve as the Chairman of Niti Aayog.Vice chairman Rajiv Kumar continues in his post along with Permanent members VK Saraswat, Ramesh Chand and VK Paul. The ex-officio members now include Defence Minister, the Home Minister, the Finance Minister… Continue reading NITI Aayog reconstituted
RBI waives RTGS, NEFT charges
The Reserve Bank of India(RBI) has announced that it is removing all charges on money transfers done through the RTGS and NEFT modes.This decision was taken to boost the digital funds movement. NEFT stands for National Electronic Fund Transfer.It is a payment system which facilitates one-to-one funds transfer from one financial institution to another. Using… Continue reading RBI waives RTGS, NEFT charges
CCI imposes penalty on Chemists and Druggists Association and Pharmaceutical Companies
The Competition Commission of India(CCI) has imposed penalty amounting to Rs 74 crore on four chemists and pharmaceutical companies after they were found violating the provisions of the Competition Act,2002. The penalty was imposed after CCI had found the drug associations responsible for mandating the requirement of obtaining NOC(No Objection Certificate) prior to the appointment… Continue reading CCI imposes penalty on Chemists and Druggists Association and Pharmaceutical Companies
One in four Ebola cases undetected in Congo: WHO
The WHO has said that one in four Ebola cases go undetected or are found too late in Democratic Republic of Congo. Democratic Republic of Congo is dealing with the second largest outbreak ever with 2,025 cases of the disease being already reported. The largest outbreak was in West Africa in 2014-16. It affected more… Continue reading One in four Ebola cases undetected in Congo: WHO
Swachh Bharat’ helped reduce ground water contamination: UNICEF
According to a study by UNICEF, Swachh Bharat(Grameen) initiative of the government has helped reduce groundwater contamination. The study was conducted by UNICEF and the Bill and Melinda Gates Foundation.It aimed at assessing the environmental impact and communication footprint of the Swachh Bharat Mission(Grameen). The study has found that in terms of faecal contamination,non open… Continue reading Swachh Bharat’ helped reduce ground water contamination: UNICEF
Ecologists have 596 reasons to cheer
In 2018, 596 new species of flora and fauna from India have been documented by scientists and taxonomists. The details have been published by Botanical Survey of India (BSI) and the Zoological Survey of India (ZSI) in the publications Plant Discoveries 2018 and Animal Discoveries 2018. Of the 596 species, 372 come under fauna (311… Continue reading Ecologists have 596 reasons to cheer
