ABP NOTES BY SAGAR SIR CURRENT AFFAIRS JUNE 2021 BY SAGAR SIR SAGAR SIR ABP NOTES BY SAGAR SIR The Monthly Hindu Review|Current Affairs|July 2021 Contents The Most Important Current Affairs June 2021 .................................................................................................................. 3 Banking and Financial Current Affairs ................................................................................................................................ 9 Economy Current Affairs .................................................................................................................................................... 11 Business Current Affairs ..................................................................................................................................................... 12 International Current Affairs .............................................................................................................................................. 13 National Current Affairs ...................................................................................................................................................... 15 States Current Affairs .......................................................................................................................................................... 17 Schemes/Committees ......................................................................................................................................................... 19 Agreement/Memorandum of Understanding (MoU) ....................................................................................................... 20 Appointments/Resignations (National & International) ................................................................................................. 21 Ranks and Reports .............................................................................................................................................................. 25 Sports Current Affairs ......................................................................................................................................................... 26 Summits And Conferences .................................................................................................................................................. 29 Awards & Recognition......................................................................................................................................................... 30 Important Days .................................................................................................................................................................... 31 Defence Current Affairs ...................................................................................................................................................... 34 Science and Technology ...................................................................................................................................................... 35 Books & Authors .................................................................................................................................................................. 36 Miscellaneous Current Affairs ............................................................................................................................................ 37 Obituaries ............................................................................................................................................................................. 39 Static Takeaways ................................................................................................................................................................. 40 2 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App SAGAR SIR ABP NOTES BY SAGAR SIR The Monthly Hindu Review|Current Affairs|July 2021 The Most Important Current Affairs June 2021 RBI Governor Addressed On RBI Monetary Policy 2021 A professor at the Mumbai-based Indira Gandhi Institute of Developmental Research: Prof. Ashima The six-member monetary policy committee of the Reserve Bank of India (RBI) headed by Goyal. Governor Shaktikanta Das, has decided to keep key A professor of finance at the Indian Institute of lending rates unchanged for the sixth consecutive time, Management in Ahmedabad: Prof. Jayanth R in its June 2021 policy review meeting held Varma. between June 2 to 4, 2021. The RBI’s Monetary Policy An agricultural economist and a senior adviser with Committee (MPC) has decided to continue with an the National Council of Applied Economic Research accommodative stance until necessary to mitigate the in New Delhi: Dr Shashanka Bhide. impact of COVID-19. The next meeting of the MPC is Some important instruments of Monetary Policy: scheduled from August 4 to 6, 2021. The RBI’s Monetary Policy has several direct and The Marginal Standing Facility (MSF) rate and bank indirect instruments which are used for implementing rates remain unchanged: the monetary policy. Some important instruments of Monetary Policy are as follows: Policy Repo Rate: 4.00% Repo Rate: It is the (fixed) interest rate at which banks Reverse Repo Rate: 3.35% can borrow overnight liquidity from the Reserve Bank Marginal Standing Facility Rate: 4.25% of India against the collateral of government and other Bank Rate: 4.25% CRR: 4% approved securities under the liquidity adjustment facility (LAF). SLR: 18.00% RBI Monetary Policy Highlights & Key Decisions: Reverse Repo Rate: It is the (fixed) interest rate at which the Reserve Bank of India can absorb liquidity The RBI also downgraded the GDP growth forecast from banks on an overnight basis, against the collateral for FY22 to 9.5 per cent compared with 10.5 per of eligible government securities under the LAF. cent earlier. On the other hand, growth is a bigger concern. The Liquidity Adjustment Facility (LAF): The LAF has Gross Domestic Product (GDP) contracted 7.3 per overnight as well as term repo auctions under it. The cent in FY21. term repo helps in the development of the inter-bank Recently, SBI economists had sharply cut their term money market. This market sets the benchmarks FY22 GDP growth estimates to 7.9 per cent from for the pricing of loans and deposits. This helps in what was 10.4 per cent earlier. improving the transmission of monetary policy. As per The Reserve Bank of India the evolving market conditions, the Reserve Bank of Governor Shaktikanta Das announced a projection India also conducts variable interest rate reverse repo for Consumer Price Index (CPI) inflation at 5.1 per auctions. cent for FY 2021-22. G-SAP 2.0 worth ₹1.2 lakh crore will be taken in the second quarter of FY22 to support the market. The rupee snapped its three-day losing streak and closed 18 paise higher at 72.91 against the US dollar. The composition of the Monetary Policy Committee is as follows: Governor of the Reserve Bank of India – Chairperson, ex officio: Shri Shaktikanta Das. Deputy Governor of the Reserve Bank of India, in charge of Monetary Policy– Member, ex officio: Dr Michael Debabrata Patra. One officer of the Reserve Bank of India to be nominated by the Central Board – Member, ex officio: Dr Mridul K. Saggar. 3 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App SAGAR SIR ABP NOTES BY SAGAR SIR The Monthly Hindu Review|Current Affairs|July 2021 Marginal Standing Facility (MSF): MSF is a provision The theme of this year's World Environment Day is that enables the scheduled commercial banks to 'Reimagine. Recreate. Restore.' as this year marks borrow an additional amount of overnight money from the beginning of the United Nations Decade on the Reserve Bank of India. Bank can do this by dipping Ecosystem Restoration. Pakistan is the global host for into their Statutory Liquidity Ratio (SLR) portfolio up the day to highlight the importance of ecosystem to a limit at a penal rate of interest. This helps the restoration this year. banks to sustain the unanticipated liquidity shocks World Environment Day: History faced by them. The first time World Environment Day was celebrated Centre for World University Rankings 2021-22 in 1974 with the slogan “Only one Earth”. In 1972 the announced conference was held on Human Environment which began from 5th to 16th June at United Nations. Centre for World University Rankings 2021-22 has announced, 19,788 institutions were ranked, and those BAFTA TV Awards 2021 winners announced that placed at the top made the global 2000 list. Harvard University has topped the ranking The winners of the BAFTA TV Awards 2021 were globally followed by Massachusetts Institute of announced. The ceremony itself, filmed at London’s Technology, Stanford University, University of Television Centre and hosted by Richard Ayoade, Cambridge, and Oxford University respectively. was a hybrid event that kept in line with COVID-19 protocols by allowing a number of nominees from the As many as 68 Indian institutes have made it to the list main performance categories to attend, with others of the top 2000 higher education institutes across the taking part digitally. world, as per the Centre for World University Rankings (CWUR) 2021-22. The Indian pack is led by the IIM- Winners of BAFTA TV Awards 2021 are: Ahmedabad which has bagged 415th rank followed by the Indian Institute of Science (IISc) at 459th rank. S.No. Category Winner 1. Leading Actress Michaela Coel, I May Destroy