Current Affairs – June, 2014

Latest Current Affairs June, 2014 with Current Affairs, news summary on current events of National and International importance of June, 2014 for Banking, SSC, CLAT, UPSC, State PCS, IBPS, Railways and other Competitive Examinations.

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Chandrababu Naidu takes oath as Andhra Pradesh CM

Head of Telugu Desam Party (TDP), Nara Chandrababu Naidu (64) has been sworn-in as the first Chief Minister of the residuary state of Andhra Pradesh. Mr. Naidu was administered the oath of office by Governor E S L Narasimhan.

Mr. Naidu has served as the CM of (united) Andhra Pradesh for 8 years (from 1995 to May 2004) – the longest tenure for any CM of Andhra. He has been elected as an MLA seven times and also holds the record as the longest-serving Leader of Opposition in Andhra Pradesh between 2004 and 2014.

Post bifurcation, AP’s new geographical expanse is about 1.60 lakh sq km while its population is around 5 crore. Although Andhra Pradesh has been divided into Telangana and residuary Andhra, Hyderabad will remain the common capital for both states for next 10 years.

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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:

Screen Shot 2014-06-08 at 14.35.25

  • 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)

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