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Some current affairs May 2013

May

7

2013

1. RBI has reduced the Repo Rate (It is the rate at which RBI lends money to commercial banks), to 7.25% from 7.5% while keeping the CRR (Cash Reserve Ratio- the portion of deposits that banks require to maintain with RBI) unchanged at 4%.

2.Cuba launched a legal challenge to Australia’s tobacco packaging laws at the World Trade Organization, the Geneva-based trade body on May 6th 2013.

Cuba has never launched World Trade Organisation litigation eariler. Its challenge follows related complaints about Australia’s tough tobacco packaging rules by Ukraine, Honduras and Dominican Republic.

3.Najib Razak on 6 May 2013 has become  the Prime Minister of Malaysia for a second term by Malaysia’s king Abdul Halim Mu’adzam Shah.The coalition of Najib Razak, Najib’s Barisan Nasional (National Front) which was ruling from of his 56-year once again retained power in elections but this time it was branded as fraudulent by the opposition.

In: G.K. Asked By: [210 Blue Star Level]
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