RBI’s second Bi-Monthly Monetary Policy Statement, 2014-15
Monetary and Liquidity Measures
On the basis of an assessment of the current and evolving macroeconomic situation, RBI has been decided the following key rates:
- RR (Reverse Repo Rate)
- RRR (Reverse Repo Rate)
- LAF (Liquidity Adjustment Facility)
- CRR (Cash Reserve Ratio)
- SLR (Statutory Liquidity Ratio)
- NDTL (Net Demand and Time Liabilities)
- ECR (Export Credit Refiance)
Monetary and Liquidity Measures
On the basis of an assessment of the current and evolving macroeconomic situation, RBI has been decided the following key rates:
- RR (Reverse Repo Rate)
- RRR (Reverse Repo Rate)
- LAF (Liquidity Adjustment Facility)
- CRR (Cash Reserve Ratio)
- SLR (Statutory Liquidity Ratio)
- NDTL (Net Demand and Time Liabilities)
- ECR (Export Credit Refiance)
Vice Admiral Anil Chopra takes charge as the Western Naval Commander
Vice admiral Anil Chopra, took chanrge as the flag officer commanding-in-chief of the Western Naval Command (WNC). The ceremonial parade was held at INS Shikra, Mumbai. He succeeded Vice admiral Shekhar Sinha who took voluntary retirement on April 21, 2014.
Previous to his appointment, Vice admiral Chopra was the director general Indian Coast Guard. Under his controls, the Coast Guard observed an exponential surge in both its force levels, and operational dispositions. Chopra who got commissioned into the Indian Navy on July 1, 1975, had also been been the fleet commander of the Navy’s Sword Arm – the Western Fleet in 2008.
Vice admiral Anil Chopra, took chanrge as the flag officer commanding-in-chief of the Western Naval Command (WNC). The ceremonial parade was held at INS Shikra, Mumbai. He succeeded Vice admiral Shekhar Sinha who took voluntary retirement on April 21, 2014.
Previous to his appointment, Vice admiral Chopra was the director general Indian Coast Guard. Under his controls, the Coast Guard observed an exponential surge in both its force levels, and operational dispositions. Chopra who got commissioned into the Indian Navy on July 1, 1975, had also been been the fleet commander of the Navy’s Sword Arm – the Western Fleet in 2008.
India Elected to the Intergovernmental Committee for the Safeguarding of the Intangible Cultural Heritage
In the elections to the Intergovernmental Committee for the Safeguarding of the Intangible Cultural Heritage, held on June 4, 2014 at UNESCO Headquarters, Paris by the General Assembly of member states, India has been elected for the next 4 years (2014-2018). Out of the 142 member states present and voting, India won a decisive 135 votes. India got the maximum number of votes midst the ten nations that fought the election and won.
The Intergovernmental Committee for the Safeguarding of the Intangible Cultural Heritage has 24 members who are chosen for a term of 4 years. The primary tasks of the Committee are to protect the Intangible Cultural Heritage (ICH), safeguarding esteem for the intangible cultural heritage of nations, groups and individuals, as also to increase responsiveness at the local, national andinternational levels of the significance of the Intangible Cultural Heritage.
India has been elected to the Intergovernmental Committee for the Safeguarding of the Intangible Cultural Heritage for the second time (previous term being from 2006-2010).
In the elections to the Intergovernmental Committee for the Safeguarding of the Intangible Cultural Heritage, held on June 4, 2014 at UNESCO Headquarters, Paris by the General Assembly of member states, India has been elected for the next 4 years (2014-2018). Out of the 142 member states present and voting, India won a decisive 135 votes. India got the maximum number of votes midst the ten nations that fought the election and won.
The Intergovernmental Committee for the Safeguarding of the Intangible Cultural Heritage has 24 members who are chosen for a term of 4 years. The primary tasks of the Committee are to protect the Intangible Cultural Heritage (ICH), safeguarding esteem for the intangible cultural heritage of nations, groups and individuals, as also to increase responsiveness at the local, national andinternational levels of the significance of the Intangible Cultural Heritage.
India has been elected to the Intergovernmental Committee for the Safeguarding of the Intangible Cultural Heritage for the second time (previous term being from 2006-2010).
India’s HSBC services PMI expands for first time in nearly a year
Motivated by a spurt in new business, India’s giant services industry stretched for the first time in a year in May 2014. HSBC Services Purchasing Managers’ Index (PMI), accumulated by Markit, climbed to 50.2 in May 2014 from 48.5 in April 2014, the first growth above the 50 mark that splits growth from contraction since June 2103. The rise was mainly reinforced by a bounce in fresh orders and development in client demand. Also a triumph for Narendra Modi has driven anticipations for key economic developments following years of policy paralysis.
Purchasing Managers’ Indexes (PMI) are economic pointers ensuing from monthly surveys of private sector companies. The PMI index (which is based on 5 major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment), is a gauge of the economic wellbeing of the manufacturing sector. A PMI reading above 50 indicates that the sector is expanding, a reading under 50 shows that the output in the sector is contracting, whereas a reading at 50 indicates no change.
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