(DAILY NEWS INDIA)
1. ARUN JAITLEY LAUNCHES PRADHAN MANTRI VAYA VANDANA YOJANA
PENSION SCHEME WITH 8% FIXED RATE
i. Finance Minister Arun Jaitley formally launched Pradhan
Mantri Vaya Vandana Yojana, a pension scheme exclusively for senior citizens
(60 years and above) with 8% fixed rate of interest on their savings.
ii. Life Insurance Corporation of India which has been given
the sole privilege to operate this scheme started offering the scheme from May
4, 2017. The scheme will remain open till May 3, 2018.
iii. Pension is payable at the end of each period, during
the policy term of 10 years, as per the frequency of monthly, quarterly,
half-yearly, yearly as chosen by the pensioner at the time of purchase.
2. UP ASSEMBLY PASSES RESOLUTIONS ON RENAMING TWO AIRPORTS
i. The Uttar Pradesh Assembly has adopted 2 resolutions on
re- naming the Kanpur and Bareilly airports after freedom fighter Ganesh Shanker
Vidyarthi and as Nath Nagri respectively.
ii. The resolutions, moved by Minister for Civil Aviation
Nand Gopal Gupta were passed by a voice vote in the absence of the opposition
members.
iii. According to the minister the contributions of social
worker and freedom fighter Ganesh Shankar Vidyarthi who stayed in Kanpur and
fought with the British through his writings Chakeri airport be named after
him.
iv. He also said the civil terminal at the Bareilly airport
should be re-named as Nath Nagri after the cultural name of the city.