Current Affairs – Today’s Headlines: June 5, 2021

Here are Today’s News Headlines by GK Today for May 5, 2021.

INDIA

– Visa validity of stranded foreigners in India extended till August 31
– Indian Navy’s lone nuclear attack submarine INS Chakra heading back to Russia after expiry of lease
– Hydrographic survey ship INS Sandhayak decommissioned after 40 years of service at Visakhapatnam

MONETARY POLICY REVIEW

– RBI’s monetary policy committee (MPC) maintains key interest rates while retaining an accommodative stance
– Repo rate and the reverse repo rate were kept unchanged at 4% and 3.35%, respectively
– MSF (Marginal Standing Facility) and bank rate kept unchanged at 4.25%
– 2021-22 GDP forecast cut to 9.5% from the earlier estimate of 10.5%
– Retail inflation in 2021-22 projected at 5.1%

ECONOMY & CORPORATE

– Covid relief: RBI allows loan recast upto Rs 50 crore for struggling small companies
– RBI creates liquidity window of Rs 15,000 crore to help hotels, tourism with a tenor of 3 years at repo rate
– Foreign exchange reserves touch record high of USD 598.165 billion in the week ended May 28
– Central Vigilance Commission (CVC) issues revised SOP (standard operating procedure) related to the adoption of the “Integrity Pact” for procurements and award of government contracts
– CVC (Central Vigilance Commission) lays down rules for post-retirement hiring of officials by government organisations
– Defence Ministry approves construction of 6 advanced submarines at cost of Rs 43,000 cr
– Purchase of indigenous air defence guns, ammunition worth Rs 6,000 crore cleared
– Minister of Social Justice and Empowerment Thaawarchand Gehlot launches SAGE (Seniorcare Aging Growth Engine) initiative and SAGE portal for elderly persons

WORLD

– US President Joe Biden signs executive order banning US entities from investing in 59 Chinese companies
– Belarus carriers to be banned from flying over EU territory or having access to its airports from June 4
– Anerood Jugnauth, former President and PM of Mauritius, dies at 91; awarded Padma Vibhushan in 2020 by India
– International Day of Innocent Children Victims of Aggression observed on June 4

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