IBPS Current Affairs, GK & News

RBI’s Monetary Policy Review: RBI Hikes Repo Rate to 6.25%

On June 6, 2018, the six members Monetary Policy Committee (MPC) of RBI has decided to hike Repo (short term lending rate) to 6.25% from 6.00%. As per the second Bi-monthly Monetary Policy Statement, the current policy rates of RBI would be as follows: Repo Rate: 6.25% Reverse Repo Rate: 6.00% Marginal Standing Facility (MSF) ..

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Google's Rajan Anandan Appointed Chairman of IAMAI

Google’s vice-president for South East Asia and India, Rajan Anandan has been appointed as the new chairman of Internet and Mobile Association of India (IAMAI). Rajan will succeed  FreeCharge’s co-founder and chief executive officer Kunal Shah. The other new office bearers of the IAMAI will be MakeMyTrip chairman & Group CEO Deep Kalra who will be the vice-chairman. ..

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Tata Group Named Country's Most Valuable Brand in Brand Finance List

Brand finance in its 2017 report that lists India’s 100 most valuable brands has named Tata Group as the most valuable brand in India at an estimated brand value of $13.1 billion. Brand Finance is a global brand valuation and strategy consultancy firm. Tata Group has managed to top the list despite its brand value declining 4% from $13.7 ..

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India's GDP Growth Forecast for 2017 Revised Downward by UN

In the report titled, World Economic Situation and Prospects, the UN has projected a 7.3% growth for India in 2017. Earlier in the report’s January edition, UN had forecasted a growth of 7.7% for the year. The revised report also has predicted an impressive 7.9% GDP growth for the year 2018 which is an increase from ..

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Forex Reserves reach Life-Time High of $375.71 billion

According to RBI, India’s foreign exchange (Forex) reserves have increased by  $2.985 billion to touch a lifetime high of $375.71 billion in the week that ended on May 5. The increase was due to increase in foreign currency assets (FCAs). The reserves had increased by $2.474 billion to $351.53 billion in the previous week. Components The components of India’s Foreign Exchange Reserves ..

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