TNPSC Current Affairs
1. The Royal Swedish Academy of Sciences has decided to give Nobel prize for physics to three British scientist, David J. Thouless, F. Duncan M. Haldane, J. Michael Kosterlitz
This year Noble laureates has opened the door on and unknown world where matter can assume strange states. They have used advanced mathematical methods to study unusual phases or states, of matter such as superconductors, super fluids or thin magnetic films – Jury said.
The three Laureates’ usd of topological concepts in physics was decisive for their discoveries. Topology is a branch of mathematics that describes properties that only change step-wise.
2. Reserve bank of India’s newly monetary policy committee cuts the Repo rate at which it lends to other banks by 25 basis point (.25%) bringing down to 6.25% from 6.50%.
It will helps customer to buy home and vehicle loans cheaper. Reserve bank has reduced 175 basis points since 2015.
What is repo Rate?
Repo rate (re purchase rate) is the rate which reserve bank of india lends money to other banks in the time of shortfall of funds
What is Reverse repo Rate?
Reverse Repo is the rate at which reserve bank of india borrows money from other bank of the country
3. Ariane 5 hevy-lift warehorse from Europe is set to launch India's Communication satellite GSAT-18 from Kourou, French Guiana
This satellite will help to continuity of services on operational satellites in C-band, extended C-band and Ku-bands