Daily current affairs 9th June

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Date

June 9, 2022

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# Reserve Bank of India

  • Reserve Bank of India governor Shaktikanta Das announced an increase of 50 basis points (0.5%) in the repo rate – the second hike in Just over a month.
  • The RBI’s six member monetary policy committee voted unanimously on Wednesday to raise the repo rate – the rate at which RBI lends to banks – to 4.9% in a bid to tame inflation.
  • RBI now expects inflation to be at 6.7% in 2021-22 against 5.7% forecast in its April policy.
  • However, RBI retained the GDP growth rate projection at 7.2%.

# University rankings

  • IISc bengaluru is the fastest rising South Asian university having gained 31 places to 155, in this year’s QS world university rankings.
  • It remains the world’s top research university ahead of Harvard, Princeton university and MIT.
  • IITs in Guwahati (37th) and roorkee 47th and University of Madras (48th) are on the top 50 research university list.

# India – Vietnam

  • India and Vietnam on Wednesday inked a “joint vision” document to significantly enhance the scope and scale of their bilateral defense ties by 2030.
  • India-Vietnam also finalised a reciprocal logistics support pact to allow their militaries to use each other’s bases for repair and replenishment of supplies.
  • Both the ministers also agreed for early finalization of the $500 million defense line of credit extended to Vietnam.

# Credit card

  • In a move that will enable credit card payment for micro transactions with Kirana stores and hawkers, the RBI has said that it will enable credit card payments using the UPI platform.
  • Initially, only Rupay credit cards will be enabled with this facility.

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