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GK Power Capsule August 2014
GK Power Capsule August 2014
This GK Capsule has been prepared by Career Power Institute Delhi (Formerly Known as Bank Power). This has been
prepared on the basis of news and events appeared in The Hindu Newspaper in the month of August 2014.
RBI has held policy rates at current levels.
However RBIs move to cut SLR by 50 bps to 22%
could provide banks an additional liquidity of
R44,000 crore. Current fiscal year is expected to go
up to 5.5 per cent from 4.7 per cent in last financial
year.
i. Bank Rate 9 % (Unchanged)
ii. Cash Reserve Ratio 4 % (Unchanged)
iii. Statutory Liquidity Ratio 22 % (Decreased
0.5%)
iv. Repo Rate 8 % (Unchanged)
v. Reverse Repo Rate 7 % (Unchanged)
vi. Marginal Standing Rate 9 % (Unchanged)
2. Union Government appointed chairman of Joint
Intelligence Committee (JIC) RN Ravi as Naga
interlocutor. He was also appointment as Chief of
the Joint Intelligence Committee.
3. Turkey's ruling party named Finance Minister
Ahmet Davutoglu as New Prime Minister of
Turkey.
4. Thailand coup leader, Army Chief Prayuth Chanocha was elected as the Prime Minister of Thailand.
5. Prof. V. K. Thomas was appointed as Chairman of
Public Accounts Committee.
6. Rajni Razdan became the new Chairperson of the
Union Public Service Commission. She replaced
Prof. D P Agrawal.
7. K V Chowdary appointed as new Chairman of
Central Board of Direct Taxes (CBDT).
8. Arvind Gupta was appointed as Deputy National
Security Adviser.
9. US actor and singer Harry Belafonte was named for
honorary Jean Hersholt Humanitarian Oscar
Award.
10. Renowned
agriculture
Scientist
M.S.
Swaminathan was conferred with an honorary
degree of the Doctor of Science by the University
of Agriculture in Faisalabad, Pakistan.
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