Oliveboard presents EDGE-New learning platform to give an edge to your preparation. It provides Freedom of Choice where you can choose what to study, when to study & from whom to study. Edge provides access to All online Live Courses under One Subscription
To get the Edge Subscription: http://bit.ly/2OGbNWQ
Based on an assessment of the current and evolving macroeconomic situation, the MPC has reduced the policy repo rate under the LAF by 35 bps from 5.75% to 5.40% with immediate effect. Reverse repo rate - 5.15%, MSF rate & Bank Rate to 5.65%.
RBI lowered the GDP growth rate for 2019-20 to 6.9%.
India contributed USD 5 mn to the UN Palestine refugee agency (United Nations Relief &Works Agency) & called for ensuring sustained fiscal support for the organization's work. India increased its financial assistance to UNRWA from USD 1.25 mn to USD 5 mn.
UNRWA began operations on 1 May 1950.
NCAER forecasted India's GDP growth is likely to be 6.2% during the current fiscal, down from 6.8% in 2018-19, on account of flat growth in agriculture sector & Gross Value Added at basic prices at 6% for 2019-20 on a year-on-year (y-o-y) basis.
Wholesale Price Index (WPI) inflation is projected at 2.6%.
A German cancer researcher Fiona Kolbinger has become the 1st woman to win 4000 km cycling race. She took 10 days, 2 hours & 48 mins to complete the challenge & started from Burgas in Bulgaria to Brest in France. She was one of 40 women to start the race.
James Hayden finished 2018’s race in 8 days, 23 hours & 59 mins.
The Centre has proposed guidelines for e-commerce firms that entail a 14-day deadline to effect refund request, mandate e-tailers to display details of sellers supplying goods & services on their websites & moot the procedure to resolve consumer complaints
Minister of State for Consumer Affairs – Danve Raosaheb Dadarao.
India topped the latest ICC Test team rankings while New Zealand is placed 2nd & South Africa is in 3rd position. Virat Kohli retains his No. 1 position in the batsmen’s rankings. In rankings for Test all-rounders, Jason Holder (West Indies) tops the list.
Australian speedster Pat Cummins ranks No.1 in Test bowling.
Researchers of IIT Guwahati have developed a hand-held device Organic Field Effect Transistor to detect bacteria instantaneously. Rapid detection of bacteria is important in healthcare, anti-bioterrorism measures & environmental monitoring applications.
Bacterial infection is a common cause of morbidity & mortality.
Mastercard launched the Identity Check Express, a next-generation, mobile-first authentication solution that aims to redefine e-commerce journey for Indian consumers. It will help eliminate needless friction & enhance the security of online transactions.
Mastercard announced an investment of $1 bn over the next 5 yrs.
Israel and India are exploring to open new vistas of partnership in the world of finance, including collaboration between market regulators and allowing Israeli investment in corporate bonds, taking advantage of a favourable climate in both countries.
Israel: Capital – Jerusalem; Currency – New Shekel.
Former External Affairs Minister Sushma Swaraj (2014-19) passed away after suffering a massive cardiac arrest. She was the 2nd woman to hold the foreign ministry office. She had won from Vidisha constituency in Madhya Pradesh for a 2nd term in 2014.
She served as 5th CM of Delhi from 13 Oct 1998 to 3 Dec 1998.