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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
Which is the longest National Highway in India?Previously known as National Highway 7, National Highway 44 (NH 44) is the longest-running National Highway in India. It is 3,745 km long and covers the North-South Corridor of NHDP. It starts from Srinagar in the north and ends in Kanyakumari in the south. NH-44… Read More...
Which Indian state is the largest producer of silk?Karnataka is the largest producer of silk in India. The state produces an average of around 8,200 metric tonnes of silk every year, which is about one-third of the total silk production in India. Up to November 2017, Karnataka has produced 5,962 metric tonnes of… Read More...
Which is India's poorest state? As per the National Family Health Survey 2015-16 (NFHS-4), Bihar is India's poorest state with 43 percent incidence of Multidimensional Poverty (MDP) and having more than 50% households in the bottom wealth quintile. Despite India being… Read More...

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