GK UPDATE 19TH MARCH
1. RBI cuts
interest rate by 0.25 per cent: CRR unchanged
i. In its mid-quarter policy
review today, the Reserve Bank of India (RBI) decided to reduce the key repo
rate by 25 basis points from 7.75 per cent to 7.5 per cent with immediate
effect.
ii. Consequently, the
reverse repo rate stands adjusted to 6.5 per cent and the marginal standing
facility (MSF) rate and the Bank Rate to 8.5 per cent with immediate effect.
iii. The RBI has left the cash
reserve ratio (CRR) unchanged at 4 per cent.
iv. However, the apex bank
said that high current account deficit (CAD) and inflationary expectations
limit possibility of further easing of rates.
v. RBI has retained
the growth and inflation forecast at 5.5 per cent and 6.8 per cent respectively
for the current fiscal.
NOTE: This is the second policy rate cut by the RBI this calendar year to help revive a faltering economy, taking comfort from moderating core price pressures and the government's commitment to trim the fiscal deficit.
NOTE: This is the second policy rate cut by the RBI this calendar year to help revive a faltering economy, taking comfort from moderating core price pressures and the government's commitment to trim the fiscal deficit.
CURRENT
RBI RATES:
1. CRR – 4%
2. Repo Rate – 7.5%
3. Reverse Repo Rate – 6.5%
2. Repo Rate – 7.5%
3. Reverse Repo Rate – 6.5%
4. MSF – 8.5%
5. Bank Rate – 8.5%
6. SLR – 23%
5. Bank Rate – 8.5%
6. SLR – 23%
2. Sugathakumari Selected
For Saraswati Samman 2012
i. Sugathakumari,
the Malayalam poetess was chosen for the Saraswati Samman 2012 for the poetry
collection Manalezhuthu, which means The Writing on the
Sand in English.
ii. The Saraswati
Samman is constituted by K. K. Birla Foundation.
iii. Saraswati Samman is
awarded annually for outstanding literary work in any Indian language in past
10 years.
About
Sugathakumari
i. Sugathakumari has 15
volumes of poetry credited to her.
ii. Sugathakumari is
also the passionate environmentalist.
iii. She was also the
head of Kerala’s State Women’s Commission.
iv. She also has six
collections of prose. Her career spans over a duration of five decades.
About
Saraswati Samman
i. Saraswati Samman is
constituted by K. K. Birla Foundation.
ii. The award carries
cash prize of 10 lakh Rupees, a plaque as well as a citation.
iii. This award is given
every year to the literary work in any Indian language which is the part of
Eighth Schedule of the Constitution.
iv. Apart from this
award, K. K. Birla Foundation also constituted other two awards which include Bihari
Puraskar for Hindi and Rajasthani writers and Vyas Samman for Hindi.
3. 'Paan
Singh' best film, Irrfan best actor at National Film Awards2013
i. 'Paan Singh Tomar', Tigmanshu Dhulia's biopic on the
athlete-turned-dacoit, was named the best picture at the 60th National Film
Awards while its male star Irrfan
Khan shared the best actor trophywith veteran Marathi actor
Vikram Gokhale.
ii. For
the first time a thirty two year old Kashmiri film maker has won best award in
nonfiction category.
iii.
'Shepherds of Paradise' a documentary produced and directed by Raja Shabir
Khan has been adjudged the best film in this category.
iv. Shabir has also won
the best Cinematographer award for the same filim which he has also shot and
edited himself.
Here are the lists of the winners:
i. Best Actor: Irfan
Khan for Pan Singh Tomar and Vikram Gokhale for Anumati (Marathi).
ii. Best Actress: Usha Jadhav for Marathi film 'Dhag'.
iii. Best Hindi Feature
Film: - Paan Singh Tomar.
iv. Best Film for Wholesome Entertainment: Vicky Donor &
Ustad Hotel (Malayalam).
v. Best Song: Bolo Na (Chittagong).
vi. Best Tamil film: Vazhakku En 18/9
vii. Best Film on Social Issues: Spirit (Malayalam).
viii. Best Hindi Film: Filmistan
ix. Best
Telugu film: Eega
x. Best Film on Environment: Black Forest
(Malayalam).
xi. Best Non-Feature Film: Shepherd's of Paradise.
xii. Best Direction - Shivaji Lotan Patil (Dhag - Marathi Film).
About National Film Awards
i. The National Film Awards
are most prominent awards given away to the film fraternity.
ii. These awards were
established in 1954.
iii. Annually, the
national panel is appointed by Government of India which selects the winner.
The awards are presented by the President of India in the official ceremony.
4. India and Egypt sign 7
key pacts
i. India and Egypt today
signed seven key pacts in the areas of cyber security, Information technology,
services, electronics, small and medium enterprises, manufacturing,fertilisers,
and renewable energy.
ii. The agreements were
signed following delegation level talks between Prime Minister Manmohan Singh
and the visiting Egyptian President Mohamed Morsi in New Delhi.
iii. The Prime Minister said
he and Morsi agreed to foster productive partnerships in socio-economic
development programmes, skill development, higher education, agriculture and
health care.
5. DMK
quits UPA govt over Sri Lankan Tamils issue
i. Giving a
jolt to the Congress, the DMK pulled out of the UPA government at Centre on
Tuesday.
ii. DMK chief M Karunanidhi today snapped his party's nine-year long association
with UPA and also decided to withdraw his ministers from the government.
iii. DMK chief Karunanidhi
said, "When a situation has
been created that will not benefit Ealam Tamils, it will be a big harm to the
Tamil race for DMK to continue in government. Therefore it has been decided
that DMK will withdraw from the Cabinet and the coalition."
iv. Slamming
the government, he said its failure to understand the depth of the Tamils issue
or not supporting them or remaining neutral "will close down the
democratic ideals propounded by Mahatma Gandhi and (Sri Lankan Tamil veteran)
Chelvanayagam."
v. The DMK
also wants the Parliament to adopt a resolution against Sri Lanka.
NOTE:
i. This is the second instance within a year that an ally
has pulled out of the Congress-led UPA government at Centre.
ii. Earlier, the Trinamool Congress had
quit the UPA on the issue of economic policies pursued by the Centre.
iii. There are 18
DMK MPs in Parliament. Half way mark
is 271. If DMK pulls out then the Congress will be left with the support of
just 232 MPs in Parliament. In that case they will be completely dependent on
the ouside support of the Samajwadi Party, the BSP, RJD and JD(S).
6. MP bagged Awards for Best
Civic Management of a Tourist Destination
i. Madhya Pradesh
bagged two national tourism awards: One for the best civic management of
a tourist destination and other for the most innovative and unique tourism
project in the 23rd National Tourism Award.
ii. Madhya Pradesh which is
known for tourism hotspots received the awards from President Pranab Mukherjee
at a function held for National Tourism Awards 2011-12 in New Delhi, at Vigyan
Bhawan.
iii. The state received
the award in category-‘B’ city for Municipal Council of Mandu in Dhar district.
iv. It also got another
award for most innovative and unique tourismproject-Air Taxi.
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