India and Germany have joined hands for cooperation on Water and Waste Management. Both sides have decided to work on developing reference documents for the textile sector, Water Governance, Marine Litter, water quality management, training and capacity building of local bodies. The step has been taken during the meeting of 3rd Indo-German Working Group for cooperation on water and waste management in New Delhi.
Macedonia signed an accord to join NATO to become the 30th member of the US-led alliance. At a formal signing of the NATO accession protocol, Macedonia’s Foreign Minister Nikola Dimitrov hailed the moment as showing that the country will never walk alone once in the alliance. Points to Remember NATO (the North Atlantic Treaty Organization) is an international alliance that consists of 30 member states from North America and Europe. It was established at the signing of the North Atlantic Treaty on 4 April 1949.
The Monetary Policy Committee headed by Reserve Bank of India Governor Shaktikanta Das, announced a reduction in policy repo rate. The repo rate will reduced from 6.5 per cent to 6.25 per cent with immediate effect. Consequently, the reverse repo rate stands adjusted to 6.0 per cent, and the marginal standing facility rate and the Bank Rate to 6.5 per cent. The bank also projected an economic growth rate of 7.4 per cent for the next fiscal, up from 7.2 per cent estimated for the current fiscal by Central Statistics Office.
RBI Governor Shaktikanta Das announced that the limit of collateral free agricultural loans has been increased from one lakh to 1.6 lakh. Addressing the post monetary policy announcement in Mumbai, Mr. Das said the decision has been taken in view of the overall inflation and rise in the agricultural input costs since 2010 when the limit was last revised. This move will enhance coverage of small and marginal farmers in the formal credit system.
The Union Home Ministry banned the Tehreek-ul-Mujahideen (TuM) under the Unlawful Activities (Prevention) Act (UAPA). The ministry said the central government believes that TuM is involved in terrorism as it has committed and participated in various acts of terrorism in India. Also its members are getting financial as well as logistic support from their handlers based abroad. Points to Remember The TuM came into existence in 1990 with the objective of “liberation of Kashmir” and has been actively pursuing it by way of acts of terror.