Daily Current Affairs – 05 August 2022

This post contains the current affairs for 05 August 2022. These current affairs are important for banking exams, insurance exams and other competitive exams like IBPS PO and Clerk, SBI PO and Clerk, RBI Assistant and Grade B, etc. You can also attempt our Current Affairs Quiz after reading our daily current affairs.

National

106-year-old Astronomical Lab of Bihar college included on Unesco heritage list

• An astronomical observatory in India, which is 106-year-old, has been included on the UNESCO list of important endangered heritage observatories of the world.
• The astronomical observatory is located at Langat Singh College, in Muzaffarpur, Bihar.
• This observatory was the first of its kind in eastern India. It was established in the college in 1916 to impart astronomical knowledge to the students in detail.
• Langat Singh College was set up in 1899. It is affiliated to Bhim Rao Ambedkar Bihar University, (BRABU).

Banking & Economy

RBI hikes Repo Rate by 50 bps to 5.40% in Monetary Policy Committee (MPC) Meet August 05, 2022

• The Reserve Bank of India (RBI) in its Monetary Policy Committee (MPC) meeting held on August 05, 2022 has decided to:
  • Increase the policy repo rate under the liquidity adjustment facility (LAF) by 50 basis points to 5.40 percent with immediate effect. Earlier this was 4.90 percent.
• Consequently the various rates are as under:
  • Policy Repo Rate : 5.40%
  • Standing Deposit Facility (SDF)= 5.15%
  • Marginal Standing Facility Rate : 5.65%
  • Bank Rate : 5.65%
  • CRR : 4.50%
  • SLR : 18.00%
• The MPC decided to continue with the accommodative stance.
• The real GDP growth projection has been retained at 7.2 percent for FY2022-23.

RBI announces Digital Payments Index for March 2022 at 349.30

• The Reserve Bank of India has announced Digital Payments Index (DPI) for March 2022 at 349.30 as against 304.06 for September 2021.
• RBI has introduced Digital Payments Index in January 2021 with March 2018 as the base year to capture the extent of digitisation of payments across the country. This means that the DPI score for March 2018 is set at 100.
• RBI has started publishing the Digital Payments Index (DPI) on a semi-annual basis from March 2021 onwards with a lag of 4 months. This means that the DPI will be released by RBI for March and September every year in the months of July and January respectively.

Appointment

Centre approves one-year extension in service of Rajiv Gauba as Cabinet Secretary

• The Appointments Committee of the Cabinet has approved an extension in service of Rajiv Gauba as Cabinet Secretary of India for a further period of one-year, beyond, August 30, 2022.
• This is his second extension as Cabinet Secretary.
• Mr Rajiv Gauba is a 1982-batch IAS officer of Jharkhand cadre.
• He was appointed to the country’s top bureaucratic post in 2019 for two years.
• Then in August 2021, he was given first one year extension.
• Prior to being appointed on this post, Mr Gauba has also served as the secretary in the Union Urban Development Ministry, Additional Secretary in the Home Ministry.

India’s Para-Powerlifter Sudhir wins Gold at 2022 CWG

• Indian para powerlifter Sudhir has won gold medal for India in the men’s heavyweight final at the 2022 Commonwealth Games.
• Sudhir lifted a total weight of 212kg.
• He also created a new games record with his final score of 134.5 points.
• This is India’s first ever Gold medal in Para-Powerlifting sports at the Commonwealth Games.

Obituary

Veteran Actor Mithilesh Chaturvedi passes away at 67

• Noted Indian actor Mithilesh Chaturvedi, who has featured in several TV shows and films has passed away due to cardiac arrest. He was 67.
• The veteran actor was best known for playing small yet strong supporting roles in multiple films.
• Some of his famous films are ‘Satya’  ‘Koi Mil Gaya’, ‘Asoka’, ‘Gadar Ek Prem Katha’ and ‘Aks’.
• His last TV show was ‘Scam 1992: The Harshad Mehta Story’.