DAILY FREE CURRENT AFFAIRS 9 APRIL 2015

DAILY CURRENT AFFAIRS 9 APRIL 2015

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1. ADDITIONAL INSTALLMENT OF DA AND DR APPROVED

A.   Union Government gave NOD for release of additional installment of DA and DR.

B.   Dearness Allowance (DA) to central government employees and Dearness Relief (DR) to pensioners is increased by 6 %.

C. Existing rate of DA and DR prior to increase is 107 %

Note: Pay rise will benefit about 48 lakh government employees and 55 lakh pensioners.

2.   SUPREME COURT LIFTED 1990 BAN:

A.   Supreme Court of India lifted 1990 ban on performance of play, Jesus Christ superstar.

B.   The Kottayam’s collector notification of 1990 banned the performance of drama.

C.  A Supreme Court bench headed by justice Ranjan Gogoi gave the verdict on lifting the on staging of the play.

Note: Jesus Christ superstar is a 1970 rock musical album. Music was provided by Andrew Lloyd and lyrics by Tim Rice.

3. CCEA APPROVED TWO FII’S PROPOSALS:

A.   The Union Cabinet committee on Economic Affairs (CCEA) approved two foreign Institutional Investors (FII) proposals in pharmaceutical companies Aurobindo and Glenmark.

B.   The proposal is of worth 4187 crore rupees.

C. CCEA’s approval for QIB (Qualified Institutional Buyers) in Aurobindo pharma Ltd will increase the FII’s share in the company from 27.32% to 34.32%.

D. CCEA’s clearance for FIIs in Glenmark pharmaceutical Ltd will increase the FIIs share in the company from 35.07 % to 49%.

Note:

	Aurobindo Pharma Ltd	Glenmark Pharma Ltd
Headquarter	Hyderabad	Mumbai
CEO & MD	N.Govindarajan	Glenn Saldanha

4. PRIME MINSTER LAUNCHED MUDRA BANK:

A. PM Narendra Modi launched MUDRA Bank under PM Jan Dhan Yojana.

B. MUDRA Bank is launched to fund the small entrepreneurs.

C. MUDRA bank will provide credit of up to 10 lakh rupees to small entrepreneurs and act as a regulator for Micro-finance institutions (MFI).

D. Products offered by MUDRA bank:

Shishu – Cover loans upto 50000 rupees

Kishor- cover loans above 50000 rupees and upto 5 lakh

Tarun – cover loans above 5 lakh rupees and upto 10 lakh rupees

Note: MUDRA – Micro Units Development and Refinance Agency Ltd.

5. THREE COLOURED SCHEME TO RE-CLASSIFY INDUSTRIES:

A. Union Ministry of Environment , Forest and Climate Change has proposed a three colours scheme to re-classify industries based on pollution potential.

B. The Ministry proposed the idea at a conference to improve ease of doing business while protecting the environment.

C. Proposed colour-coded scheme includes 3 colours i.e. red, orange and green.

Red colour – Industrial sector with a score of 60 and above.

Orange colour – Industrial sector with a score between 30-59.

Green colour – Industrial sector with a score between 15- 29.

Note: Industrial sector with a score below 15 will be considered as white as they are  Ecofriendly.