*CURRENT AFFAIRS (14:01:2015)

1).RBI Governor Raghuram Rajan reduces Repo Rate by 25 basis points to
7.75% effect 15.1.2014 -This is the first Repo Rate cut since May2013

#New RBI Rates 2015:

Rates / Reserve Ratios % Last changed

*Bank Rate 8.75% 15th Januar y 2015
*Repo Rate 7.75% 15th January 2015
*Reverse Repo Rate 6.75% 15th January 2015
*Cash Reserve Ratio (CRR) 4% 9th February2013
*Statutory Liquidity Ratio (SLR) 22% 5th August 2014
*Marginal Standing Facility (MSF) 8.75 % 15th January 2015

2).Harishankar Brahma to be taking over as Chief Election Commissioner
after present V S Sampath retires on Thursday

3).India will catch up with China's growth rate in 2016-17: World Bank

4).Idukki in Kerala became first District of India to have Complete
Rural Broadband Coverage

5).NGT gave directions to clean Yamuna under Maily se Nirmal Yamuna
Revitalization Plan 2017

6).Italian President Giorgio Napolitano handed in his resignation as
head of state on Wednesday,

7).Madagascar Prime Minister Kolo Roger and his government on 12
January 2015 resigned from their position

8).Pope Francis cannonised Joseph Vaz, the first saint of Sri Lanka