Current Affairs July 2013

RBI leaves key rates unchanged to curb the depreciation of Rupee

The Reserve Bank of India (RBI) kept the indicative policy (repo) rate unchanged at 7. 25 % and the Cash Reserve Ratio (CRR) at 4% in order to suppress the instability in the foreign exchange market.

The RBI had brought down the repo rate from a peak of 8.50% by 125 basis points in 2012-13 and CRR from a high of 6 % in the last one-and-a-half years by 200 basis points.

RBI’s revised Growth Projection:

The RBI revised its growth projection for the current financial year from 5.7 % to 5.5 %. The depressed global conditions were undermining export performance, even as the heightened instability in capital flows had raised external funding risks. In advanced economies, activity has weakened. Emerging and developing economies are slowing, and are also experiencing sell-offs in their financial markets.

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DD Direct Plus to telecast Australia’s ABC International Channel

An agreement was signed between Prasar Bharati and Australian channel ABC International which will make available the ABC International channel to the viewers of Doordarshan’s Direct to Home (DTH) platform.

The channel is the international service of the Australian public service broadcaster and is telecasted to more than 40 countries in Asia and the Pacific. The channel service will be available on DD Direct Plus from November 1 along with 59 other channels on Doordarshan’s DTH platform. The partnership between Prasar Bharati and the Australian broadcaster would extend into other areas like co-production activities, exchange of TV programmes, exchange of radio programmes and aspects.

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