RBI Monetary Policy
The Reserve Bank of India has declared monetary policy for the next quarter on April 7, 2021. RBI has not made any changes in interest rates.
- Repo rate: 4.00%
- Reverse Repo Rate: 3.35%
- Bank Rate: 4.25%
- Marginal Standing Facility Rate (MSF): 4.25%
- Cash Reserve Ratio (CRR): 3%
- Statutory Liquidity Ratio (SLR): 18.00%
- The Monetary Policy Committee was formed on 27 June 2016.
- The RBI Governor is the ex-officio Chairman of this committee.
- Repo rate: Repo rate is the rate at which the Reserve Bank of India lends money to other commercial banks in the country.
- Reverse Repo Rate: The reverse repo rate is the rate at which the Reserve Bank of India borrows money from commercial banks in the country.
- Bank Rate: The common interest rate at which money is lent by the Reserve Bank to other banks is called ‘Bank Rate’.
- Marginal Standing Facility Rate (MSF): Under the Marginal Standing Facility, banks borrow from the Reserve Bank of India in an emergency to meet the shortage of inter-bank liquidity.
- Cash Reserve Ratio (CRR): The portion of the total deposits in a commercial bank that has to be compulsorily deposited with the Reserve Bank is called the ‘Cash Reserve Ratio’.
- Statutory Liquidity Ratio (SLR): The portion of the total deposits in a commercial bank that is required to be held in cash and foreign currency in its possession is called the ‘Statutory Liquidity Ratio’.
- Establishment of Reserve Bank of India: 1 April 1935
- Headquarters: Mumbai
- 25th Governor: Shaktikanta Das
Tarun Bajaj appointed as Revenue Secretary
The central government has appointed senior IAS officer, Tarun Bajaj as the new revenue secretary.
Till now he was working as Secretary of Economic Affairs, IAS officer Ajay Seth has been appointed in his place.
Virat Kohli becomes VIVO’s brand ambassador
Chinese smartphone company VIVO has appointed Virat Kohli as its brand ambassador.
The sponsor of IPL 2021 is VIVO.
Earlier, insurance company Digi Insurance also appointed Virat Kohli as its own brand ambassador.
VIVO company established: 2009
Headquarters: Dongguan, China
CEO: Shen Wei
Vjosa Osmani elected as President of Kosovo
The Kosovo country parliament has elected 38-year-old Vjosa Osmani, the most popular female politician, as the new president.
Capital of Kosovo: Pristina
Currency: Euro
India’s first female cricket commentator Chandra Naidu passed away
India’s first female cricket commentator Chandra Naidu passed away at the age of 88.
She was the first captain of the Indian cricket team and the daughter of former cricketer CK Naidu.
He made a commentary for the first time in a 1977 cricket match played in Indore between the teams of National Champions Bombay and MCC.
He wrote a book called ‘CK Naidu: A Dotter Remembers’ on his father’s life.
Radheshyam Khemka, president of Geeta Press, passed away
Radheshyam Khemka, president of Gita Press and editor of the religious magazine Kalyan, passed away.
Geeta Press is the world’s largest publisher of Hindu religious texts.
Establishment of GitaPress: 29 April 1923
Founder: Hanuman Prasad Poddar
Prachanda Praveer wrote a book called “cinema through rasa”
Prachand Praveer is the author of the book “Cinema Through Rasa: A Tryst with Masterpieces in the Light of Rasa Siddhānta”.
This is the English translation of Prachanda Praveer’s Hindi book “Abhinav Cinema”.
The book has been translated by writer Geeta Mirji Narayan.
Forbes annual list of billionaires
Forbes has released the 35th annual list of billionaires for the year 2021, which includes a record-breaking 2,755 billionaires.
Amazon CEO and founder Jeff Bezos topped the list for the fourth consecutive year.
According to the list, India has the third highest number of billionaires in the world after the US and China.
| Ranking | Name | Copany | Total assets (in USD) |
| 1 | Jeff Bezos | Amazon | 177 billion |
| 2 | Elon Musk | Tesla, spacex | 151 billion |
| 3 | Bernard Arnault | LVMH | 150 billion |
| 4 | Bil Gates | Microsoft | 124 billion |
| 5 | Mark zuckerberg | 91 billion | |
| 7 | Larry Ellison | 93 billion | |
| 8 | Larry Page (Lawrence Edward Page) | Google (Co-founder) | 91.5 billion |
| 10 | Mukesh Ambani | Reliance Industries | 84.5 billion |
Alice Walton, the only daughter of the first female Walmart founder on the Forbes list, is at number 17.
Forbes founded: 5 September 1917
Headquarters: New York Reliance Industries
To read this in hindi click here
MC Mary Kom won Sports Star Decade of the Year Award
Six-time boxing world champion MC Mary Kom won the Sportstar of the Decade Award at the 2021 Giants of the Decade edition.
Abhinav Bindra, has been awarded the Inspirational Giant of Indian Sport. He is the only Indian to win an individual Olympic gold medal.
Former World No.1 Badminton player Kindabi Srikanth and badminton world champion PV Sindhu won the Sportsman and Sportswoman of the Decade (Racquet Sports) titles.
National Badminton Coach P Gopi Chand received the award for the coach of the Decade Trophy.
Dr. Chintan Vaishnav becomes Mission Director of Atal Innovation Mission
Dr. Chintan Vaishnav has been appointed as the Mission Director of the Atal Innovation Mission (AIM). He will replace former AIM director Ramanathan Ramanan.
Atal Innovation Mission (AIM) is a major initiative of NITI Aayog.
Its objective is to create and promote a vibrant ecosystem of innovation and entrepreneurship across the country.
Establishment of NITI Aayog: 1 January 2015
Headquarters: New Delhi
President: Narendra Modi
Vice President: Rajeev Kumar
CEO: Amitabh Kant
