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.