Wednesday 2 December 2015

Latest Current Affairs for Bank & SSC Exams


Union Government launches GIAN Scheme to boost higher education

Union Ministry of Human Resource Development (HRD) has launched Global Initiative of Academic Networks (GIAN) Scheme to boost the quality of higher education in India. It was launched by Union HRD Minister Smriti Irani at the Indian Institute of Technology (IIT)  campus.

RBI keeps repo rate unchanged in 5th bi-monthly monetary policy review

Reserve Bank of India (RBI) in its fifth bi-monthly monetary policy review has maintained status status quo in key policy interest rate. The key policy interest rates were kept unchanged on the basis of an assessment of the current and evolving macroeconomic situation in the country.

Maharashtra is biggest state economy: Brickwork Report

As per latest report published by credit rating agency Brickwork Ratings, Maharashtra is the biggest economy among the states in India. Maharashtra accounts for 16.87 lakh crore rupees in terms of gross state domestic product (GSDP) and is followed by Tamil Nadu and Uttar Pradesh.

President gives assent to Labour Laws (Gujarat Amendment) Bill, 2015

President Pranab Mkherjee has given his assent to The Labour Laws (Gujarat Amendment) Bill, 2015. The Amendment Bill passed by the state assembly to amend 10 Acts dealing with labour laws including The Industrial Disputes Act, 1947 and The Minimum Wages Act, 1948.

Jharkhand Government declares entire state as drought hit

Jharkhand government has declared the entire state as drought hit in view of less rainfall in 2015 monsoon season and loss of crops. Decision in this regard was taken at the state Cabinet meeting presided by Chief Minister Raghuvar Das in Ranchi following Agriculture department’s report on drought.

China hosts 1st BRICS media summit

China hosted the first Brazil-Russia-India-China-South Africa (BRICS) media summit in Beijing for creating an alternative media platform for the 5 emerging economies. 25 media organisations participated in the 2 day summit which aimed to create a new institutional framework to benefit the media of five emerging economies of BRICS grouping.

Tax relief valid on edu loans to study abroad

In good news for parents whose children study overseas or plan to do so, the Pune income-tax appellate tribunal has held that higher education abroad is no bar for claiming tax relief on educational loans.A deduction for interest paid on such loans will be allowed from the taxable income of a parent, who has taken the loan and is paying interest, even if the child is studying overseas.


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