Current Affairs- Today’s Headlines: May 5, 2022

Here are Today’s News Headlines by GK Today for May 5, 2022.

INDIA

– 2nd India-Nordic Summit held at Copenhagen in Denmark; participating Prime Ministers – India: Narendra Modi, Denmark: Mette Frederiksen, Finland: Sanna Marin, Iceland: Katrin Jakobsdottir, Sweden: Magdalena Andersson and Norway: Jonas Gahr Store

– PM Modi meets Denmark’s Queen Margrethe II in Copenhagen

– IRCTC will run its first Bharat Gaurav Tourist train on June 21

MONETARY POLICY REVIEW

– RBI’s monetary policy committee (MPC) votes unanimously to increase repo rate by 40 basis points (bps)

– Repo rate increased to 4.40%, with immediate effect

– Standing deposit facility (SDF) rate stands adjusted to 4.15%

– Marginal standing facility (MSF) rate and the Bank Rate stand adjusted to 4.65%

– Cash reserve ratio (CRR) of banks hiked by 50 basis points to 4.5% of net demand and time liabilities (NDTL) from May 21

ECONOMY & CORPORATE

– Second phase of mandatory hallmarking of Gold Jewellery and Gold Artefacts to come into force from June 1

WORLD

– Norway tops World Press Freedom Index of Reporters Without Borders; India ranked 150th among 180 countries

SPORTS

– Khelo India University Games conclude in Bengaluru; host Jain University tops medals tally

Month: Current Affairs - May, 2022