Tuesday, April 7, 2015

#Daily #Current #Affairs

Dena Bank inked MoU with Life Insurance Corporation
Dena Bank signed a Memorandum of Understanding (MoU) with Life Insurance Corporation (LIC) of India to provide insurance cover to all Aadhaar-linked savings account holders of the bank in the age group of 18 to 50 years. The insurance cover will be provided under the Prime Minister’s Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJBY) scheme. The scheme will come into effect from 1 June 2015. The bank said that people who join the scheme before completing 50 years can continue to have the risk of life cover up to the age of 55 years.

World Health Day 2015 observed on 7th April
World Health Day (WHD) 2015 was observed globally on 7 April 2015. The theme for the year is "From farm to plate, make food safe." The theme was selected by the World Health Organisation (WHO) to bring focus on growing global burden of food borne diseases and underscore the need for coordinated cross-border action across the entire food supply chain i.e. from farm to plate. The day is celebrated every year since it was first celebrated in 1950 to mark the anniversary of the WHO formation in 1948.

National Green Tribunal bans diesel vehicles older than 10 years in Delhi
The National Green Tribunal (NGT) held that all diesel vehicles heavy or light which are more than 10 years old will not be permitted to ply in Delhi and NCR. The judgment was given by bench headed by NGT Chairman Justice Swatanter Kumar on a petition filed by Vardhaman Kaushik who had contended that the level of particulates in Delhi is raising manifold.

RBI keeps Key Rates unchanged

The Reserve Bank of India (RBI) kept the repo rate unchanged at 7.5% in its monetary policy review. Along market expectations, Raghuram Rajan also kept the Cash Reserve Ratio (CRR) at 4%. Rajan kept policy rate unchanged awaiting clarity on impact of unseasonal rains on food inflation even as he wanted banks to pass on benefits of previous two rate cuts. The RBI will await the transmission by banks of its front-loaded rate reductions in January and February into their lending rates. Transmission of policy rates to lending rates has not taken place so far despite weak credit off take and the front loading of two rate cuts, said RBI.