Current Affairs 06 August 2022

CONTENTS

1. RBI hiked rates by 50 bps
2. Live-fire exercises
3. Personal Data Protection Bill
4. Central Vigilance Commission

RBI Hiked Rates By 50 bps

Context:

With inflation remaining at ‘elevated levels’, the Monetary Policy Committee (MPC) of the Reserve Bank of India unanimously decided to raise the policy repo rate by 50 basis points (bps) to 5.4%.

Relevance:

GS III: Indian Economy

Dimensions of the Article:

1. What is the repo rate?
2. Why is the repo rate such a crucial monetary tool?
3. How does the repo rate work?
4. What impact can a repo rate change have on inflation?

Click Here To Read More: RBI Hiked Rates By 50 bps

Live-Fire Exercises

Context:

In a massive show of strength, China began its live-fire exercise near Taiwan, launching at least 11 ballistic missiles into the country’s coast, a day after US House speaker Nancy Pelosi visited Taiwan.

Relevance:

GS III: Science and Technology

Dimensions of the Article:

1. What are live-fire exercises?
2. Have they been done in the region before?

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Personal Data Protection Bill

Context

The government has withdrawn the Personal Data Protection Bill from Parliament as it considers a “comprehensive legal framework” to regulate the online space, including bringing separate laws on data privacy, the overall Internet ecosystem, cybersecurity, telecom regulations, and harnessing non-personal data to boost innovation in the country.

Relevance

GS III: Cyber Security, IT & Computers, Government Policies & Interventions

Dimensions of the Article:

1. The 2019 Personal Data Protection Bill
2. Advantages
3. Disadvantages
4. Why was the bill withdrawn?

Click Here To Read More: Personal Data Protection Bill

Central Vigilance Commission

Context:

Recently, the Government appointed Suresh N Patel as the new chief of the Central Vigilance Commission.

Relevance:

GS II: Polity and Governance

Dimensions of the Article:

1. About Central Vigilance Commission
2. Functions of CVC
3. Removal of members (according to CVC Act)
4. Criticism – Limited Powers of CVC

Click Here To Read More: Central Vigilance Commission

-Source: The Hindu