Daily : April 7, 2018

International Day of Sport for Development and Peace

Question- ‘ International Day of Sport for Development and Peace’ is celebrated on which of the following dates?
(a) April 5
(b) April 6
(c) April 4
(d) April 3
Answer: (b) 
Related Fact:

  • On 6th April 2018, ‘International Sports for Development and Peace’ Day International was celebrated.
  • The purpose of this day is to promote the role and contribution of the game in society.
  • It is remarkable that the United Nations General Assembly announced on August 23rd, 2013 every year on April 6 this day.
  • It is the fact that on April 6th, 1896, the first modern Olympic Games in Athens (Greece) were inaugurated.
  • In 1978, UNESCO described sport and physical education as a “fundamental right for all.” But until today, the right to play and sport has too often been ignored or disrespected.
  • Reference:             
    http://www.un.org/en/events/sportday/index.shtml

First Bi-monthly Monetary Policy Statement, 2018-19

Question: On April 5th, 2018, the Monetary Policy Committee (MPC), headed by the Reserve Bank of India Governor Urgit Patel, released the ‘First Bi-Monthly Monetary Policy Statement 2018-19’.  On the whole, GDP growth is projected to strengthen from 6.6 per cent in 2017-18 to what per cent in 2018-19?
(a) 6.6 percent
(b) 7.2 percent
(c) 7.4 percent
(d) 6.9 percent
Answer: (c) 
Related Fact: 

  • On April 5th, 2018, the Monetary Policy Committee (MPC), headed by the Reserve Bank of India Governor Urgit Patel, released the ‘First Bi-Monthly Monetary Policy Statement 2018-19’.
  • Reserve Bank of India has kept policy rates, reserve cash ratio, net demand and periodic liabilities unchanged in the first bi-monthly monetary policy.
  • Committee (MPC) has decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.0 per cent.
  • Consequently, the reverse repo rate under the LAF remains at 5.75 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 6.25 per cent.
  • Keeping the cash reserve ratio (CRR: Cash Reserve Ratio) of scheduled commercial banks unchanged, it was retained at 4 percent of net demand and dead liabilities (NDTL: Net Demand and Time Liabilities).
  • The statutory liquidity ratio (SLR: Statutary Liquidity by Ratio) of scheduled commercial banks is kept unchanged at 19.50 percent.
  • Consequently, the reverse repo rate under the LAF remains at 5.75 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 6.25 per cent.
  • On the whole, GDP growth is projected to strengthen from 6.6 per cent in 2017-18 to 7.4 per cent in 2018-19.

Reference:             
https://rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=43573

Second lead-up Conference to 3rd Annual Meeting of Asian Infrastructure Investment Bank (AIIB) on ‘Enhancing Port and Coastal Infrastructure’

Question: Where did the lead-up Conference in order to build-up the momentum for the 3rd Annual Meeting of the Asian Infrastructure Investment Bank (AIIB) concludes on April 3rd-4th, 2018?
(a) Chennai
(b) Bangalore
(c) Visakhapatnam
(d) New Delhi
Answer: (c) 
Related Facts: 

  • On April 3rd-4th, 2018, two day lead-up Conference in order to build-up the momentum for the 3rd Annual Meeting of the Asian Infrastructure Investment Bank (AIIB) was completed in Visakhapatnam Andhra Pradesh.
  • The conference was on the theme of “Enhancing Port and Coastal Infrastructure: A Primer on Potential Areas”.
  • The two-day Regional Conference is being organized by the Ministry of Finance, Government of India in collaboration with AIIB, CII and Research and Infrastructure System (RIS) for Developing Countries.
  • Around 150 delegates representing different industry, academic and research institutions are participating among others to deliberate upon the major bottlenecks in the quest for developing blue economy in the country in order to achieve higher and inclusive economic growth.
  • Significantly, the Indian government will host the third annual meeting of the Asian Infrastructure Investment Bank, which will be held in Mumbai on June 25th-26th, 2018.
  • The panel discussed various issues relating to trade promotion through sea route, building-up robust port & coastal infrastructure and revising & relaxing maritime regulatory issues to promote blue economy in India.
  • There are five new AIIB funded projects which are underway in India with investments worth US$ 1.1 billion.
  • The Panel also discussed elaborately on various port & coastal infrastructure related issues including facilitation of trade, port infrastructure and maritime regulations among others for implementation of Sagarmala project in a successful and time bound manner.

Reference:    
http://pib.nic.in/newsite/PrintRelease.aspx?relid=178341

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