Daily GK Update 8th February 2017, Important Current Affairs

1. RBI keeps key rates unchanged in 6th bi-monthly monetary policy review

i. The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) headed by RBI Governor Urjit Patel has kept the key policy rates unchanged.
Daily GK Update 8th February 2017, Important Current Affairs
ii. It was central bank’s sixth bi-monthly and last policy for the financial year 2016-17 and overall the third by the MPC. All six members of the MPC voted in favour of holding rates.
iii. Besides, RBI also changed its stance from accommodative to neutral. It also lowered GDP growth forecast for the current fiscal to 6.9%. However the apex bank expects a rebound in GDP growth to 7.4% in 2017-18.
iv. Repo rate under the liquidity adjustment facility (LAF): Unchanged at 6.25 percent.
v. Reverse repo rate under the LAF: Unchanged at 5.75 per cent.
vi. Marginal standing facility (MSF): Unchanged at 6.75 per cent.
vii. Bank Rate: Unchanged at 6.75 per cent.
viii.  Reserve Ratios Cash Reserve Ratio (CRR) of scheduled banks: Unchanged at 4.0 per cent of net demand and time liability (NDTL).
ix. Statutory Liquidity Ratio (SLR): Unchanged 20.75 per cent.


2. Researchers develop battery powered by stomach acid

i. Researchers from MIT have developed a small battery that runs on stomach acids and is capable of powering e-pills to monitor patient health.

3. Arunachal Pradesh becomes first NE State to implement e-Cabinet Solution

i. Arunachal Pradesh became the first state in the northeast to implement e-Cabinet solution for the state cabinet members.
ii.  It is a powerful governance tool that will be used to streamline its decision-making process. Using this system, state cabinet members can access the cabinet notes before the meeting.

4. 81st National Badminton Championship Winners

i. Sourabh Verma has won the men’s singles title in the 81st Senior National Badminton Championships tournament. In the final match, held at Patna (Bihar, he defeated Lakshya Sen by 21-13, 21-12 score.

5. Scientists successfully test male contraceptive on monkeys

i. Scientists from California National Primate Research Centre, US have successfully tested a new male contraceptive  ‘Vasalgel’ that blocks sperm flow on monkeys. Now it is waiting for human trials.

6. Scientists identify evolutionary pathway of pitcher plants

i. According to new study was published in the journal Nature Ecology and Evolution, scientists have identified the evolutionary pathway that led some plants to turn carnivorous.

7. 3-day global conference on Nuclear Terrorism to begin in New Delhi

i. The Implementation and Assessment Group Meeting of the Global Initiative to Combat Nuclear Terrorism begins in New Delhi. Nearly 150 delegates from various partner countries and international organisations will take take part in the three-day event.
ii. Foreign Secretary S. Jaishankar will inaugurate the meet organised by the Ministry of External Affairs and the Department of Atomic Energy.
iii. The meeting highlights India’s commitment to global nuclear non-proliferation and peaceful uses of nuclear energy.

8. No cash withdrawal limit from March 13,2017:RBI

i. The Reserve Bank of India announced that the cash withdrawal limit on savings accounts will be scrapped from March 13, 2017 .
ii. Further, the current limit of withdrawal fixed at rs 24,000 per week will be raised to ₹50,000 per week from February 20,2017 the RBI added. The limits on bank withdrawals were placed after demonetization
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