Current Affairs (Daily Dose):
1.West Indies have won the World T20 final in stunning fashion with four straight sixes in the final over to beat England by four wickets.
2.Ace Indian boxer Shiva Thapa has won the silver medal at the Asian/Oceania Qualifying Tournament held in Qian’an, China in the 56 Kilogram category final.
3.Germany’s Development Bank KfW will provide loan assistance of 3750 crore rupees for the modern and sustainable metro system for Nagpur city.
4.The Union Finance Minister has extended the safeguard duty on import of some steel products by two years i.e till March 2018.
5.India expects $500M AIIB loan for solar power projects in 2016.
6.US, Saudi Arabia impose joint sanction on fundraising for terrorists.
7.The National Stock Exchange (NSE) has launched a new index Nifty MidSmallcap 400. It will represent the mid and small market capitalization segments of the stock market. The new index will comprise of 400 companies which are the constituents of Nifty Midcap 150 and Nifty Smallcap 250 indices.
8.In a major step towards improvement of infrastructure for cancer cure, Maharashtra tied up with the Tata Trusts to link all government colleges and medical colleges to the national cancer grid for uniform cancer profiling and quality treatment.
9.Consumer loans became cheaper with banks moving to a new way of setting lending rates following RBI’s diktat to ensure faster and effective transmission of its policy rate cuts to borrowers. A number of banks, including ICICI, Bank of India, IDBI today joined their peers like SBI, HDFC Bank and Axis Bank to make a shift to lending rates based on marginal cost of funds. Other banks that have adopted new methodology for calculating lending rates include Kotak Mahindra Bank, Yes Bank and Oriental Bank of Commerce. Banking major SBI, HDFC Bank, Axis Bank, among others would move to new methodology for setting lending rates from April 1. RBI had asked banks to price fixed rate loans of up to three years based on marginal cost of funds from April 1. The lending rate based on marginal cost of funds is lower than base rate in some cases resulting in lower EMIs for borrowers. Most of the banks were deciding lending rates based on their average cost of funds.
1.West Indies have won the World T20 final in stunning fashion with four straight sixes in the final over to beat England by four wickets.
2.Ace Indian boxer Shiva Thapa has won the silver medal at the Asian/Oceania Qualifying Tournament held in Qian’an, China in the 56 Kilogram category final.
3.Germany’s Development Bank KfW will provide loan assistance of 3750 crore rupees for the modern and sustainable metro system for Nagpur city.
4.The Union Finance Minister has extended the safeguard duty on import of some steel products by two years i.e till March 2018.
5.India expects $500M AIIB loan for solar power projects in 2016.
6.US, Saudi Arabia impose joint sanction on fundraising for terrorists.
7.The National Stock Exchange (NSE) has launched a new index Nifty MidSmallcap 400. It will represent the mid and small market capitalization segments of the stock market. The new index will comprise of 400 companies which are the constituents of Nifty Midcap 150 and Nifty Smallcap 250 indices.
8.In a major step towards improvement of infrastructure for cancer cure, Maharashtra tied up with the Tata Trusts to link all government colleges and medical colleges to the national cancer grid for uniform cancer profiling and quality treatment.
9.Consumer loans became cheaper with banks moving to a new way of setting lending rates following RBI’s diktat to ensure faster and effective transmission of its policy rate cuts to borrowers. A number of banks, including ICICI, Bank of India, IDBI today joined their peers like SBI, HDFC Bank and Axis Bank to make a shift to lending rates based on marginal cost of funds. Other banks that have adopted new methodology for calculating lending rates include Kotak Mahindra Bank, Yes Bank and Oriental Bank of Commerce. Banking major SBI, HDFC Bank, Axis Bank, among others would move to new methodology for setting lending rates from April 1. RBI had asked banks to price fixed rate loans of up to three years based on marginal cost of funds from April 1. The lending rate based on marginal cost of funds is lower than base rate in some cases resulting in lower EMIs for borrowers. Most of the banks were deciding lending rates based on their average cost of funds.
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