Indians can invest up to $2,50,000 annually overseas
(i) Encouraged by foreign exchange reserves touching record levels, the Reserve Bank of
(ii) On a review of the external sector outlook and as a further exercise in macro-prudential management.
(iii) It has been decided to enhance the limit under the Liberalised Remittance Scheme (LRS) to $2,50,000 per person per year,” the RBI said in its Bi-Monthly Monetary Policy Statement.
Pakistan successfully test-fired Air Launched Cruise Missile Ra’ad
(i) Pakistan on 2 February 2015 successfully test-fired indigenously developed Air Launched Cruise Missile (ALCM) Ra’ad. The missile, also called Thunder in Arabic, has been developed by Pakistan's Air Weapons Complex and NESCOM.
(ii) The missile gave Pakistan Air Force a strategic standoff capability on land and at sea indicating that Ra'ad can be launched at sea-based targets such as ships as well as land-based targets.
(iii) Ra'ad was tested for the first time on 25 August 2007.
Photo journalist Krishna Murari Kishan passed away
(i) Kishan is survived by two sons and three daughters. One of his son Amrit Jaikishan is also a photo journalist.
(ii) Kishan began his career as a simple photographer for local news media and later he worked as a freelance photojournalist.
(iii) Krishna Murari Kishan rose to prominence by earning national acclaim due to his many exposes. Krishna Murari Kishan had won praise for communal riots coverage in Jamshedpur in 1978 and in Bhagalpur in 1989.
RBI keeps key rate unchanged
(i) The Reserve Bank of India (RBI) has decided to keep the policy Repo rate under the liquidity adjustment facility (LAF) unchanged at 7.75 per cent.
(ii) Also, it has kept the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per cent of net demand and time liabilities (NDTL).
(iii) However, it has reduced the statutory liquidity ratio (SLR) of scheduled commercial banks by 50 basis points from 22.0 per cent to 21.5 per cent of their NDTL with effect from the fortnight beginning February 7, 2015.
Iran launches new satellite into space
(i) Iran on Monday launched its fourth satellite into space, a media report said.
(ii) The satellite is named ‘Fajr’ to mark the ten-day celebrations following the 1979 Islamic Revolution, IRNA news reported.
(iii) Fajr is the fourth Iranian-made satellite put into orbit.
(iv) Equipped with GPS navigation system, the satellite was put into orbit aboard the ‘Safir’ launch vehicle.
M. Venkaiah Naidu bid farewell: Dr. Nandita Chatterjee appointed as new Secretary of HUPA
(i) M Venkaiah Naidu bid farewell to outgoing Secretary(UD) Shankar Aggarwal and
(ii) Dr. N. Chatterjee has served in the Government of India in the Ministries of Rural Development and Environment & Forests.
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