Current Affairs : September 20

1. RBI Governor Raghuram Rajan unexpectedly raised the repo rate by 0.25 per cent. Other policy rates will be adjusted accordingly. The RBI previously raised the repo rate in October 2011 by 0.25 per cent to 8.5 per cent.
Bank rate: 9.50%
Repo rate: 7.50%
Reverse repo rate:6.50%
MSF rate: 9.50%
CRR: 4%
SLR: 23%

2. Banks have been given conditional freedom to open branches in tier-I cities without seeking the Reserve Bank of India’s prior approval in each case.

3. The long-awaited merger and acquisition policy for telecom companies is expected to be in place by October 15, Telecom Minister Kapil Sibal said today.

4. Former secretary of the Indian Cricket Board, Jaywant Yeshwant Lele passed away at his residence in Vadodara following a massive heart attack.

5. Kolkata giants Mohammedan Sporting today created history by winning the prestigious Durand Cup Football tournament after a gap of 73 years, defeating ONGC 2-1 in the final in New Delhi.

6. TV Narendran appointed new Tata Steel MD for India, South East Asia. Narendran will succeed incumbent H M Nerurkar, who is retiring on October 31 upon attaining the age of superannuation.

7. Rapid Metro would be the country's first metro rail system developed in the public-private partnership mode, at a cost of about Rs 1,100 crore.

8.Indian cricket team's batting mainstay Virat Kohli will soon be appointed as the new brand ambassador of the country's second largest paramilitary force BSF (Border Security Force ).

9. HUDCO ( Housing and Urban Development Corporation Ltd.) launches HuNNY for small towns and cities.

10. The Pakistan Water Commission for Indus will visit India for four days from Saturday, to discuss mainly the four hydro power projects on the river Chenab.