DAILY GK 7 JUNE 2019
1.
MUMBAI RANKED MOST CONGESTED CITY IN THE WORLD, DELHI RANKED 4TH: TRAFFIC INDEX
2018
✔The
recent study “Traffic Index 2018”, analysis of current status of traffic
mobility was conducted.
✔Mumbai
is the most traffic congested city among 403 cities in 56 countries with a
congestion level of 65 per cent, while New Delhi ranked fourth with a
congestion of 58 per cent.
✔Top
five most congested North American are in the list are: Mexico City (52 per
cent), Los Angeles (41 per cent), Vancouver (38 per cent), New York (36 per
cent) and San Francisco (34 per cent).
2. SECOND
BI-MONTHLY MONETARY POLICY OF RBI 2019-20
✔The
2nd Bi-Monthly monetary policy statement has been released. On the basis of an
assessment of the current and evolving macroeconomic situation, the Monetary
Policy Committee at its meeting decided to:
✔Reduce
the policy repo rate under the liquidity adjustment facility by 25 basis points
to 5.75% from 6.00% with immediate effect.
✔Consequently,
the reverse repo rate under the LAF stands adjusted to 5.50%, and the marginal
standing facility rate and the Bank Rate to 6.0%.
✔The
Reserve Bank of India lowered the economic growth forecast for the current
fiscal to 7% due to a slowdown in domestic activities and escalation in global trade
war.
3. RBI
REMOVED CHARGES FOR RTGS AND NEFT TRANSACTIONS
✔The
Reserve Bank of India has removed the charges levied on Real Time Gross
Settlement and National Electronic Funds Transfer transactions to boost digital
payments.
✔At
present, the banks levy minimum charges for transactions done through RTGS
system for large-value (Rs 2 lakh and above) instantaneous fund transfers and
NEFT System for other fund transfers (below Rs 2 lakh).
✔The
RBI has decided to set up a committee headed by Chief Executive Officer of
Indian Banks Association to examine the scope of Automated Teller Machines
charges and fees.
- Inward
transactions at destination bank branches (for credit to beneficiary
accounts): Free, no charges to be levied on beneficiaries
- Outward
transactions at originating bank branches – charges applicable for the remitter
- For
transactions up to Rs 10,000 : not exceeding Rs 2.50 (+ Applicable GST)
- For
transactions above Rs 10,000 up to Rs 1 lakh: not exceeding Rs 5 (+
Applicable GST)
- For
transactions above Rs 1 lakh and up to Rs 2 lakhs: not exceeding Rs 15 (+
Applicable GST)
- For
transactions above Rs 2 lakhs: not exceeding Rs 25 (+ Applicable GST)
4. GDP
GROWTH FORECAST LOWERED TO 7% FROM 7.2% FOR FY20
✔The
RBI’s MPC lowered its Gross Domestic Product growth forecast to 7% from 7.2%
for FY 20 due to slowdown in domestic activities and escalation in global trade
war.
✔In
the April monetary policy, the growth of Gross Domestic Product for 2019-20 was
projected at 7.2% – in the range of 6.8-7.1% for the first half of the fiscal
and 7.3-7.4% for the second part – with risks evenly balanced.
5. CII
UNVEILED NEW INDEX TO MEASURE FISCAL PERFORMANCE
✔Confederation
of Indian Industry has launched a Fiscal Performance Index to assess state and
central budgets. The Index incorporates qualitative assessments of revenue expenditure,
capital expenditure; revenues, fiscal prudence and the level of public debt
arrive at a more holistic picture of fiscal performance than the fiscal deficit
to GDP ratio according to the CII.
✔The
index will consider expenditure on infrastructure, education, healthcare and
other social sectors beneficial for economic growth compared to other revenue
expenditure. It will also consider tax revenues a more sustainable source of
revenues for the government as compared to one-time income sources.
6. JAY-Z
IS THE WORLD’S 1ST BILLIONAIRE RAPPER AS PER FORBES MAGAZINE
✔Jay-Z
has been named the world’s first billionaire rapper by Forbes.
✔Apart
from a $100 million stake in subscription-based streaming service Tidal, the
49-year-old rapper’s assets also include shares in Uber and an art collection
worth $70 million each. His wife Beyonce’s net worth is estimated to be around
$350 million.
7. BSF
OFFICER S S CHAHAR POSTED AS BSF ACADEMY HEAD
✔S
S Chahar, 1983-batch BSF-cadre officer is appointed as the Director of the
Border Security Force, Tekanpur, Madhya Pradesh – an Additional Director
General rank till 2021.
✔He
has received honors like the Vishisht Seva Medal and police medals for
meritorious and distinguished services.
8. TIJJANI
MUHAMMAD-BANDE ELECTED AS UNGA PRESIDENT
✔Nigeria’s
Ambassador to the UN Tijjani Muhammad-Bande was elected as the President for
74th session of United Nations General Assembly.
✔He
will be succeeding Maria Fernanda Espinosa. He is the second Nigerian UNGA president
after Joseph Nanven Garba.
9. GIANNI
INFANTINO RE-ELECTED AS FIFA PRESIDENT
✔Swiss–Italian
football administrator Gianni Infantino has been re-elected as President of
Federation Internationale de Football Association.
✔He
is a Lawyer from Valais region of Switzerland and Hold Italian Nationality. He
was elected President of FIFA in 2016.
10. GOOGLE
MAP LAUNCHED NEW PUBLIC TRANSPORT FEATURES IN INDIA
✔A
web mapping service, Google map launched three India-First features targeted at
Public transport users to access public transport quickly and easily.
✔It
stated that Google map users now can see the bus travel times from live traffic
data across 10 cities, get to know the real time train status on the platform
as well as get commute suggestions that combines public transport and
auto-rickshaws.
11. ‘CZAR
OF INDIAN CUISINE’ JASPAL INDER SINGH KALRA DIED
✔Jaspal
Inder Singh Kalra known as Jiggs kalra, celebrated chef and culinary revivalist
passed away at the age of 71.
✔He
has many titles like “Czar of Indian Cuisine” and “Taste maker to the Nation”.
the Government of India named him as advisor to the India Trade Promotion
Organization in 1997.
