Daily News

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Monthly Current affairs- November Edition of Bolt released

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.

Did you Know

Bolt is a series of GK Summary e-books by Oliveboard.

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RBI keeps all key policy rates unchanged

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.

Did you Know

Repo rate -6.5%, MSF rate – 6.75%, Reverse Repo rate – 6.25%.

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ICICI Securities launches eATM service for retail investors

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.

Did you Know

MD and CEO of ICICI Securities - Shilpa Kumar.

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India signs an agreement with Peru for co-operation and mutual assistance in Customs Matters

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.

Did you Know

The capital of Peru – Lima, Currency – Sol.

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Maharashtra CM Fadnavis launches SMART initiative for Agribusiness, Rural Transformation

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.

Did you Know

Govt of India sets a target of doubling farmers’ income by 2022.

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RBI proposes new method to benchmark floating rate of loans for MSMEs

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.

Did you Know

Banks follow internal benchmarks includes PLR, BPLR, Base rate.

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World Soil Day & International Volunteer Day – December 5

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.

Did you Know

GoI launched Soil Health Card Scheme to take care of Soil Health

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Sahitya Academy awards for 2018 announced

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.

Did you Know

AAKH is a collection of 18 short stories, published in 2012.

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Annual Start-up India Venture Capital Summit 2018 to be held in Goa

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.

Did you Know

Startup India initiative was launched in 2016.

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GDP in India will grow 7.2% in the year ending March 2019, says Moody's

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.

Did you Know

Moody’s is the US-based rating agency.

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The United Arab Emirates has been named the new 'most powerful passport'

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.

Did you Know

Recently, Henley Passport Index put Japan in the first place.

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Gautam Gambhir announces retirement from all forms of cricket

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.

Did you Know

He is 37-year-old Delhi batsman.