Current Affairs of 05 August

 1.   RBI keeps key interest rates unchanged, Cur SLR by 0.5%

Current Rates are as follows”

1. Repo Rate – 8% (unchanged)

2. Reverse Repo Rate – 7% (unchanged)

3. CRR – 4% (unchanged)

4. SLR – 22%  (changed from 22.5 per cent to 22.0)

5. Bank Rate – 9% (unchanged)

6. MSF – 9% (unchanged)

2.GDP growth expected to go up to 5.5% this fiscal: RBI

With improvement in economic activity and revival of sentiments, the Reserve Bank of India today said that the GDP growth in the current fiscal is expected to go up to 5.5 per cent from 4.7 per cent in the last financial year.  

3.Nokia India head P Balaji resigns

Head of Nokia India, now called Microsoft devices Group, P Balaji has resigned less than a month after Microsoft took over the Finnish company's mobile phone division. Balaji had been appointed as Nokia India head in July 2012

4. HDFC Bank opens branch in Dubai

 HDFC Bank Ltd has opened its branch in Dubai at the International Financial Centre, and will provide wealth management services to non-resident Indians based in the UAE

5. Pran, creator of comic book character 'Chacha Chaudhary', dies

Veteran cartoonist and creator of the iconic characters, 'Chacha Chaudhary', 'Billu', 'Sabu' and 'Pinki', Pran has passed away after reportedly suffering from cancer for a long while.
His creations included unconventional yet beloved characters like 'Chacha Chaudhary' and 'Saboo' that captured the imagination of thousands of Indian children.
The 75-year-old artist was one of India's best known cartoonists and also received a lifetime achievement award in 2001.