Oliveboard released the Nov. Edition of their Monthly Current affairs series Bolt. PDF version is available at http://bit.ly/boltnovember2018 & for the app, access go to Free E-books section. It’s the Quickest way to consume imp news items.
Bolt is a series of GK Summary e-books by Oliveboard.
RBI maintained all key policy rates unchanged in the 5th bi-monthly monetary policy review. Inflation is projected to be in the range of 2.7 to 3.2% in 2nd half of this FY. RBI retained GDP projection at 7.4% for this FY & at 7.5% in the 1st half of 2019-20.
Repo rate -6.5%, MSF rate – 6.75%, Reverse Repo rate – 6.25%.
ICICI Securities Ltd has announced the launch of eATM orders, which instantly credits into a retail investor’s bank account funds accrued from stock sales. The money would be credited within 30 minutes with a limit of ₹50000 per client per day.
MD and CEO of ICICI Securities - Shilpa Kumar.
India signed an agreement with Peru for co-operation & mutual assistance in Customs Matters. It provides a legal framework for the sharing of information and intelligence between the Customs authorities of the two countries.
The capital of Peru – Lima, Currency – Sol.
Maharashtra government has launched a unique initiative called 'SMART', which stands for State of Maharashtra’s Agribusiness and Rural Transformation. This World Bank assisted project with 210 million USD to revamp agricultural value chains.
Govt of India sets a target of doubling farmers’ income by 2022.
RBI has proposed floating interest rates on personal, home, auto & MSMEs loans be linked to external benchmarks like repo rate/treasury yields. The final guidelines to link the interest rate to external benchmarks will be issued by the end of this month.
Banks follow internal benchmarks includes PLR, BPLR, Base rate.
World Soil Day & International Volunteer Day are observed annually on Dec 5. The theme for World Soil Day 2018 is 'Be the Solution to Soil Pollution'. ‘Volunteers build Resilient Communities’ is the theme International Volunteer Day 2018.
GoI launched Soil Health Card Scheme to take care of Soil Health
Sahitya Akademi announced its annual Awards in 24 languages. 7 books of poetry, 6 novels, 6 short stories, 3 of literary criticism & 2 of essays have won the awards 2018. Mushtaq Ahmad Mushtaq bagged the award for his collection of short stories AAKH.
AAKH is a collection of 18 short stories, published in 2012.
The DIPP & Government of Goa is hosting the annual Start-up India Venture Capital Summit in Goa. The theme is ‘Mobilizing Global Capital for Innovation in India.’ The event will showcase the Indian start-up opportunity for funds from around the world.
Startup India initiative was launched in 2016.
Moody's expected that real GDP in India will grow 7.2% in the year ending March 2019 and 7.4% in the following year, driven by investment growth and strong consumption. The Outlook for the banking system in India is stable for the coming months.
Moody’s is the US-based rating agency.
UAE has overtaken Singapore to nab the top spot for having visa-free/visa-on-arrival access to 167 countries in the Passport Index, backed by Montreal-based firm Arton Capital. Singapore shares 2nd place with Germany with a visa-free score of 166.
Recently, Henley Passport Index put Japan in the first place.
Former India opening batsman Gautam Gambhir has announced his retirement from all forms of Cricket. He played in 58 Tests between 2004 & 2016, scoring 4,154 runs at an average of 41.95, with the help of nine centuries & 22 fifties.
He is 37-year-old Delhi batsman.