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Major News and Events of 08 June 2016

What Happened on 08 June 2016


08 June 2016 Current Events 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”.


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 States Share Boundary with China?India, in total, shares land borders with 6 sovereign countries. China is one of those. Below are the Indian states which share borders with the country. 1. Jammu and Kashmir This northern state of India is mostly located in the Himalayan mountains. It shares a… Read More...
Which States Share Boundaries with Pakistan? There are four states that share a border with Pakistan, namely, Jammu and Kashmir, Punjab, Rajasthan, and Gujarat. The India Pakistan Border is quite intriguing. Since India has installed 1,50,000 flood lights on… Read More...
Which Places in India Still Largely Speak Sanskrit?Sanskrit is considered as Dev Bhasha, the language of Gods. It has a history of around 3500 years. It used to be a primary language of ancient India. Its earliest form Vedic Sanskrit, was prevalent from 1500 500 BCE. However, it is fading… Read More...



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