DAILY CURRENT AFFAIRS-APRIL6TH AND 7TH

1.RBI has proposed to allow banks to invest in Real Estate Infrastructure trusts and Infrastructure Trusts after capital market regulator SEBI requested RBI to allow banks to invest in the scheme.Currently banks are allowed to invest and equities to the extend of 20% of their Net owned Funds in REiTs and InviTs.

2.RBI has decided to Keep Repo Rate Unchanged at 6.25% in its first Bi-Monthly policy review for the financial year on April 6th.Surprisingly RBI has increased the Reverse Repo rate by 25 basis points to 6%.The bank also kept CRR unchanged at 4%.

3.Asian Development bank said that India's growth rate will improve to 7.4% during 2017-18 and further to 7.6% in the next fiscal.

4.Finance Ministry has extended the time limit for providing PAN or Form no.60 by bank account holders who have not given it at the time of account opening of later to June 30,2017.CBDT had issued a notification making it mandatory for bank savings account holders to provide PAN of Form no.60 by February 28,2017 in case the documents has not been provide earlier.

5.REserve bank of India has enable faster settlement of the process of NEFT by increasing the settlement cycle to 23 from 12 currently to facilitate half hourly settlements instead of the hourly settlement practice now.

              When a transaction is made at bank branch the n the forward the request to the RBI to be accommodated in the next settlement cycle thus increase of the Number of cycles will allow faster settlement of Funds and more funds to settle in a day.

6.India has moved up 12 places to serve 40th rank on WEF's 2017 travel and tourism competitive Index joining 4 other countries-South Korea,Israel,Azerbaijan and Tajikistan -that improved their standing by mnore than 10 places.Spain,France and Germany occupies the top three places.

IMPORTANT NATIONAL PARKS-II

NATIONAL PARKS AND WILD LIFE                      SANCTUARIES	STATE
Sanjay Gandhi National park	Maharashtra
Nagzira wild life sanctuary	Maharashtra
Tadoba national park	Maharashtra
Chandoli Wild life sanctuaries	Maharashtra
Gugamal Wild life sanctuary	Maharashtra
Great Indian Bustard Wild life sanctuary	Maharashtra
Pench National Park	Maharashtra
Keibul Lamjao National Park	Manipur
Balphakram National park	Meghalaya
Nokrek National park	Meghalaya
Murlen National park	Mizoram
Mountain National Park	Mizoram
Phawngpui National Park	Mizoram
Intanki National Park	Nagaland
Bhitarkanika National park	Odisha
Simlipal National park	Odisha
Sariska National park	Rajasthan
Ghana National park	Rajasthan
Keoladeo National Park	Rajasthan
Ranathambore National Park	Rajasthan
Darraha Wild life Sanctuary	Rajasthan
Mount abu WLS	Rajasthan
Pulwari WLS	Rajasthan
Khanchendzonga National Park	Sikkim
Gulf of Mannar Marine National Park	Tamil Nadu
Mukurthi National Park	Tamil Nadu
Indira Gandhi National Park	Tamil Nadu
Mudumalai National Park	Tamil Nadu
Guindy National Park	Tamil Nadu
MAhavir Harina Vanasthali WLS	Telangana
Kawal WLS	Telangana
Sipahijala National Park	Tripura
Clouded national Park	Tripura
Dudhwa National Park	Uttar Pradesh
Bankatna WLS	Uttar Pradesh
National Chambal WLS	Uttar Pradesh
Rihanda WLS	Uttar Pradesh
Phillibit WLS	Uttar Pradesh
Nanda Devi WLS	Uttarakhand
Jim Corbett National Park	Uttarakhand
Gangotri National Park	Uttarkhand
Valley of Flowers national Park	Uttarakhand
Rajaji National Park	Uttarakhand
Govind Pashu vihar National Park	Uttarakhand
Buxa National Park	West Bengal
Gorumara National Park	West Bengal
Sunderbans WLS	West Bengal
Neora valley National Park	West Bengal
PAdmaja Naidu National Park	West Bengal
Chapramari National Park	West Bengal
Rani Jhansi National Park	Andaman and Nicobar Islands
South button Island National Park	Andaman and Nicobar Islands
Interview Island national Park	Andaman and Nicobar Islands
Mount Hariatt National Park	Andaman and Nicobar Islands
Mahatma Gandhi National Park	Andaman and Nicobar Islands

 

DAILY CURRENT AFFAIRS-APRIL5TH

1.Ban on cash transactions in excess of 2 lakh or more will not be applicable to withdrawals from banks,cooperative banks and post office savings bank account,IT department has said in a notification.Through the finance bill 2017,the government has banned cash transactions of over 2 lakh and above and said a penalty of same amount would be levied from the receiver.

2.The government has stated that expatriates would be required to apply for Aadhar card if they are staying in the country for more than 182 days and are required to pay domestic income tax.

3.Public sector bank Indian bank has appointed Kishore Piraji Karat,former CMD of IDBI bank  as the new CMD of the Bank.He replaces Mahesh kumar Jain,who is currently moved to IDBI bank as the new CMD.

4.Aditya Birla group has received the Final license from the Reserve Bank of India to start Payments bank in the country.Aditya Birla group led by Kumar Mangalam Birla  had set up a joint venture 51:49 -Aditya Birla Idea Payments bank ltd.- with the telecom major Idea cellular to launch Payments bank services in the country.

           At present,Airtel and India post are offering Payments bank services in the country.In the year 2015,RBI has given licenses to 11 entities to start payment banks in the country to achieve Financial Inclusion.

5.Post merger India's largest bank State bank of India has revised its Benchmark Prime lending rates by 15 basis points to 9.10% ahead of the RBI's monetary policy on April 6th.The minimum rate of the bank has been reduced from 9.25% to 9.10%.The reduced rates will come into effect from April 1st.