Current Affairs: Daily GK Update 02 August 2017
Current Affairs: Daily GK Update 02 August 2017
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02 Aug Current Affairs
Justice B.N Srikrishna headed committee to study issues related to data protection
The Ministry of Electronics and Information Technology (MeitY) has appointed an expert panel committee that would study various issues relating to data protection in the country and will suggest a draft data protection Bill.It is a 10 member panel and it is headed by Supreme court Judge (retired) Justice B N Srikrishna.
BRICS trade ministers meeting held in Shanghai
On 1st and 2nd August 2017, Union Commerce Minister Nirmala Sitharaman attended BRICS Trade Ministers meeting in Shanghai, China.
Reserve Bank announces its third bi-monthly policy review of current fiscal
The policy rates and reserve ratios are as follows
| Policy Repo Rate | 6.00% | Reduced by 25 basis points. Earlier it was 6.25% |
| Reverse Repo Rate | 5.75% | Reduced by 25 basis points. Earlier it was 6.00% |
| Marginal Standing Facility Rate | 6.25% | Reduced by 25 basis points. Earlier it was 6.50% |
| Bank Rate | 6.25% | Reduced by 25 basis points. Earlier it was 6.50% |
| Cash Reserve Ratio (CRR) | 4.00% | Unchanged – since 9th February 2013 |
| Statutory Liquidity Ratio (SLR) | 20.00% | Unchanged – since 7th June 2017 |
SEBI forms committee headed by T K Viswanathan on fair market conduct
SEBI has set up a committee on fair market conduct on 2nd of August 2017. The panel is headed by former law secretary T K Viswanathan.It would suggest measures for improvement in PIT (Prohibition of Insider Trading) norms, PFTUP (Prohibition of Fraudulent and Unfair Trade Practices) regulations.
‘Bharat Gaurav’ by East Bengal Football Club
Former India hockey captain Dhanraj Pillay was honoured with the ‘Bharat Gaurav’ by East Bengal Football Club on its foundation day on 1st August 2017.
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