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Top 5 Current Affairs: 7 August 2019

Top 5 Current Affairs: 7 August 2019

RBI has reduced the Repo Rate in its Third Bi-monthly Monetary Policy Statement 2019-20 to 5.40 per cent from 5.75 per cent.

Aug 7, 2019 17:24 IST

Rajasthan Assembly passes anti-mob lynching bill, convicts to get life imprisonment

The Rajasthan Legislative Assembly today passed The Rajasthan Protection from Lynching Bill, 2019 against mob lynching and honour killing. The Bill penalises convicts involved in mob lynching with a fine up to Rs 5 lakh and life imprisonment.

RBI cuts Repo Rate by 35 basis points; lowers GDP growth forecast to 6.9 per cent

The RBI has reduced the Repo Rate in its Third Bi-monthly Monetary Policy Statement 2019-20 to 5.40 per cent from 5.75 per cent. Consequently, the Reverse Repo Rate now stands at 5.15 per cent. It was RBI’s fourth rate cut in a row.

Jammu & Kashmir Reorganisation Bill 2019: President approves Abrogation of provisions of Article 370

President Ram Nath Kovind has signed the Jammu and Kashmir Reorganisation Bill 2019 to abrogate the provisions of Article 370 of the Constitution. The Bill was earlier passed by Rajya Sabha and Lok Sabha. It calls for bifurcating Jammu & Kashmir into 2 Union Territories – Ladakh and J&K.

Sushma Swaraj: A journey from College student to External Affairs Minister

Former Union Minister Sushma Swaraj passed away on August 6, 2019, due to a cardiac arrest. She was 67. Sushma Swaraj had many feathers in her cap; she was a prolific political personality of India and won many hearts while she was holding the post of External Affairs Minister.

LIC’s new term plan ‘Jeevan Amar’ launched: Features and Benefits

LIC’s ‘Jeevan Amar’ Plan has been launched by the Life Insurance Corporation of India with the aim of offering more flexibility to subscribers. This new term plan offers two options for subscriptions- Level Sum Assured and Increasing Sum Assured.

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