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Major News and Events of 08 June 2016

What Happened on 08 June 2016


Status quo in RBI policy rates

RBI Governor Raghuram Rajan announced that key policy rates will be kept unchanged in view of rising inflationary pressure. Rajan said that a rate cut could be possible later in 2016 if a good monsoon helps in easing inflation. The RBI chief urged banks to pass on the benefits of previous rate cuts. He stressed on the importance of a better transmission of policy easing as it is critical to support growth.

Monsoon to hit Kerala soon

The Southwest Monsoon is expected to hit the coast of Kerala on 9 June. Pre-monsoon showers lashed the state and some regions in Tamil Nadu as well. However, the plains of North India are not likely to get relief from the sweltering heat anytime soon. India Meteorological Department (IMD) sources stated that if conditions are favourable, it is highly probable that the Southwest monsoon will hit Kerala on June 9.

Modi welcomes Obama's support for India in missile, nuke groups

Prime Minister Narendra Modi and US President Barack Obama decided on setting up six nuclear reactors in India and a slew of new climate financing initiatives yesterday. The two leaders pledged to forge deeper ties for the future. Some progress was also made in the much-anticipated Logistics Exchange Memorandum of Agreement (LEMOA) as the two countries have “finalised the text of the agreement”.




FAQs and Answers on Indian History and Geography
How many states are there in India? There are 29 states and 7 union territories in India. The states have their own government while the union territories are governed by the central government. The states are namely, Andhra Pradesh, Arunachal Pradesh, Assam, Bihar,… Read More...
Which cities in India have the metro railway system? The Metro railway system and service are operational in 10 cities in India. These are Kolkata, Delhi, Bengaluru, Gurugram, Mumbai, Chennai, Jaipur, Kochi, Hyderabad, and Lucknow. The Kolkata Metro rail is the… Read More...
Which states in India have less population than Delhi? Delhi has a population of approximately 18.6 million people, as per the latest census. Delhi's area is much less as compared to many states and Union territories in India. But in… Read More...