Fifth Bi-monthly Monetary Policy Statement 2018-19: RBI keeps policy rates unchanged
The Reserve Bank of India (RBI) on October 5, 2018 released its Fifth Bi-monthly Monetary Policy Statement 2018-19. After assessing the current and evolving macroeconomic situation in the economy, the six members Monetary Policy Committee (MPC) decided to keep the policy Repo Rate under the Liquidity Adjustment Facility (LAF) unchanged at 6.5 percent.
RBI lowered its inflation forecast based on moderation in food inflation and the sharp decline in international crude oil prices. Accordingly, inflation is projected to be in the range of 2.7 to 3.2 percent in the second half of 2018-19.
SC approves Witness Protection Scheme 2018; directs Centre, States to enforce the scheme by 2019
The Supreme Court on December 5, 2018 approved the Witness Protection Scheme 2018 and directed the Central and State Governments to enforce the same in letter and spirit. The scheme will become ‘law’ under Article 141/142 of the Constitution till the enactment of parliamentary and state legislations on the subject.
The Central Government had placed this scheme on record in response to a Public Interest Litigation (PIL) seeking protection for witnesses in rape cases involving offender self-styled preacher Asaram Bapu.
Mukhyamantri Tirth Yatra Yojana: Delhi Government launches Free Pilgrimage Scheme for senior citizens
Delhi Chief Minister Arvind Kejriwal on December 5, 2018 launched the 'Mukhyamantri Tirth Yatra Yojana' which offers free travel packages for senior citizens from Delhi to five religious circuits. 1,100 senior citizens from every constituency of Delhi will be able to avail this facility at one go.
Under this free pilgrimage scheme, a Delhi resident above 60 years will be eligible to take free pilgrimage along with his or her spouse. 1100 senior citizens from each Assembly Constituency would now undertake free pilgrimage every year, the expenses for which will be borne by the government.
Sahitya Akademi Awards 2018 announced in 24 languages
India's national academy of letters, Sahitya Akademi on December 6, 2018 announced the annual ‘Sahitya Akademi Awards 2018’, recognising the literary works of 24 writers in 24 different Indian languages.
Seven books of poetry, six novels, six short stories, three of literary criticism and two of essays won the Sahitya Akademi Awards 2018. To name a few, this year’s winners include Sanjib Chattopadhyay for Bengali, Anees Salim for English, Sharifa Vijliwala for her essays in Gujarati, Chitra Mudgal for Hindi, and S Ramesan Nair for his poetry in Malayalam.
Gautam Gambhir announces retirement from all forms of cricket: A Glance at his cricket career
After over 15 years of successful career in Indian cricket, Indian Opener Gautam Gambhir on December 4, 2018 announced his retirement from all forms of cricket. Gautam Gambhir was one of the most complete batsmen who opened well in all three forms of the game – Test matches, ODIs and T20s.
Gambhir was instrumental in India's successful campaigns in the 2011 World Cup and the inaugural World Twenty20 in 2007. Gambhir was the top-scorer for India in the 2007 World T20 and 2011 World Cup finals.