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Current Affairs Tonic For SBI Clerk LIC ADO Main 2019 PDF
Current Affairs Tonic For SBI Clerk LIC ADO Main 2019 PDF
Current Affairs Tonic For SBI Clerk LIC ADO Main 2019 PDF
Must Do Current Affairs for SBI Clerk and LIC ADO Main
Ravish Kumar wins Ramon Magsaysay Award the 3rd Bi-monthly Monetary Policy Committee
2019 meeting is:
Indian journalist Ravish Kumar has been The repo rate under the liquidity adjustment
awarded the 2019 Ramon Magsaysay Award facility (LAF) was reduced from 5.75% to
for “harnessing journalism to give voice to the 5.40%. The benchmark rate is now at its
voiceless”. lowest since April 2010.
The Magsaysay award was started in 1957 The reverse repo rate under the LAF stands
and celebrates the memory and leadership revised to 5.15%.
example of the former Philippine president The marginal standing facility (MSF) rate and
Ramon del Fierro Magsaysay. It is given the Bank Rate revised to 5.65%.
every year to individuals or organisations in RBI has also reduced the real GDP growth for
Asia who manifest the same selfless service 2019-20 from 7% to 6.9%.
and transformative influence that ruled the life Important Rates as on 08th August 2019
of the late and beloved Filipino leader. Ramon Policy Repo Rate: 5.40%
Magsaysay Award is regarded as the Asian Reverse Repo Rate: 5.15%
version of the Nobel Prize. The awardees are Marginal Standing Facility Rate: 5.65%
presented with a medallion with a right side Bank Rate: 5.65%
facing profile image of Ramon Magsaysay along CRR: 4%
with a certificate. SLR: 18.75%
The other winners of the award are:
Ko Swe Win (Myanmar): He is a human rights
defender and the chief editor of Myanmar Now
news agency.
Angkhana Neelapajit (Thailand) is human
rights activist and a leading human rights
defender in Southern Thailand.
Raymundo Pujante Cayabyab (Philippines)
is a musician who has served in the music
faculty of the University of the Philippines and
has conducted free workshops for thousands of
students all across the country.
Kim Jong-Ki (South Korea) is an activist
working with violence and mental health Article- 370 and Article -35 A revoked from
issues in youth and a South Korean agrarian J&K
movement leader who pioneered wasteland A series of historical decisions which includes
cultivation, and strove to demonstrate through the scrapping of Article 370 & Art-35-A and
his work that life as a farmer can be fulfilling the introduction of “J&K Reorganisation Bill
and productive. 2019” were taken during the session of Rajya
Sabha. With this, Union Government scrapped
RBI reduces repo rate by 35 basis points in its article 370 and 35A in J&K and introduced a
3rd Bi-monthly policy new bill named “J&K Reorganisation Bill
In its 3rd Bi-monthly Monetary Policy 2019”.
Committee meeting, the Reserve Bank of India Article -370 and its effects on citizens of
has reduced the policy repo rate by 35 basis India
points (bps). The MPC has also decided to Article 370 was providing special autonomous
maintain the accommodative stance of status to the Indian state “Jammu & Kashmir”.
monetary policy. The main decisions taken in Now, the government’s decision to revoke
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Current Affairs Tonic for SBI Clerk and LIC ADO Main 2019
article 370 will revoke the special provision Bank of Baroda, Bank of India, Indian
which grants power to J&K to have its own Overseas Bank and United Bank of India
constitution. As a result, J&K will have to have been imposed with a penalty of Rs 1.5
adhere to the constitution of India much like crore each.
the rest of the country and people from outside Oriental Bank of Commerce has been
J&K will be able to buy property in the state imposed with a penalty of Rs 1 crore.
and settle here. RBI has also imposed a fine of Rs 1 crore on
What is Article 35-A? Corporation Bank for non-compliance of
Article 35-A provides power to the legislature norms related to cyber security framework for
of Jammu & Kashmir to define the permanent banks, frauds classification and reporting.
residency in the state. In 1954, Indian
President Dr. Rajendra Prasad issued the India Post Payments Bank to be converted into
Constitution (Application to Jammu & SFB
Kashmir) Order 1954, under which the Article The postal department has decided to
35-A was introduced. convert the India Post Payments Bank into a
J&K Reorganisation Bill 2019: small finance bank. This bank will provide
J&K Reorganisation Bill 2019 was moved by micro credit at the doorsteps to individuals and
the Home Minister Amit Shah in the Rajya SME’s. The postal department has also target
Sabha. The bill bifurcated the state of Jammu the milestone of 1 crore accounts for IPPB in
and Kashmir into 2 new Union Territories, one 100 days.
with the legislature and the other without the India Post will partner with Common Service
legislature. The 2 Union Territories will be Centre to provide a suite of citizen centric
Jammu and Kashmir division and Ladakh. As services such as banking, remittance,
per the bill, the union territory of Jammu and insurance, DBT, bill and tax payments etc. at
Kashmir will have a legislature the same as post offices.
that of Delhi and union territory in Ladakh will
have no legislature, same as that of Chandigarh. India slips to 7th largest economy in 2018
According to the World Bank, India has been
US labels China a ‘currency manipulator’ pushed to the 7th place in the global GDP
The United States has officially labeled China rankings in 2018. In 2017, India had emerged
a “currency manipulator”. The US has as the 6th largest economy. The US remains the
accused China of using yuan to gain “unfair top economy with a GDP of $20.5 trillion in
competitive advantage” in trade. 2018. China was the 2nd largest economy
The US took the action as Beijing has allowed with $13.6 trillion, while Japan took the 3rd
its yuan to fall below the politically sensitive place with $5 trillion. India’s GDP was at $2.7
level of “seven” to the U.S. dollar for the first trillion in 2018, while UK and France were at
time in 11 years. $2.8 trillion.
India still remains the fastest-growing major
RBI imposes Rs 12 cr fine on 8 PSBs economy in the world.
The Reserve Bank of India has imposed a
collective penalty of Rs 12 crore on 8 public RBI to set up “Central Payment Fraud Registry”
sector banks. The penalty has been imposed The Reserve Bank of India has decided to set
for non-compliance with certain provisions of up a “Central Payment Fraud Registry”. The
directions issued by RBI on ‘Code of Conduct registry will track frauds in the payment
for Opening and Operating Current Accounts. systems. Under this registry, payment system
The penalties on 8 banks are as follows: participants will be provided access to it for
Allahabad Bank and Bank of Maharashtra near-real time fraud monitoring. The
have been imposed with a penalty of Rs 2 aggregated fraud data will be published to
crore each. educate customers on emerging risks.