Ukraine Prime Minister
Mykola Azarov Resigned
Mykola Azarov, Ukraine’s Prime Minister, on 28
January in order to facilitate peaceful settlement of the political crisis.
President Viktor Yanukovych accepted the resignation of the Prime Minister. The
move came after the Ukrainian parliament voted overwhelmingly to annul a
controversial anti-protest law. The Parliament voted by 361 to two to repeal
the protest legislation which among other measures banned the wearing of
helmets by protesters and the blockading of public buildings.
RBI raised Repo Rate
By 25 Basis Points To 8 Percent
Reserve Bank of India (RBI) raised the Repo rate
under Liquidity Adjustment Facility (LAF) by 25 basis points from 7.75 percent
to 8 percent. Besides, it kept the cash reserve ratio (CRR) of scheduled banks
unchanged at 4 percent of net demand and time liability (NDTL). The decision to
raise the repo rate and keep the CRR unchanged was announced by the RBI in its
Third Quarter Monetary Policy Review on 28 January. As a result, the reverse
repo rate under the LAF stands adjusted at 7 percent, and the marginal standing
facility (MSF) rate and the Bank Rate at 9.0 percent.
No comments:
Post a Comment
Please comment on this blog, how have you like..