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Major News and Events of 28 March 2015

What Happened on 28 March 2015


RBI proposes a change in corporate loan

In a proposal, the Reserve Bank of India has asked to bring down the ceiling of a lending capacity of a bank to a company or corporate group. The proposal has been made to align exposure limit of India to the international Basel Committee on Banking Supervision (BCBS) rules. As per new rule the banks will be allowed to lend up to 25% of their core capital from the earlier 55%. The change will be implemented by 1 January 2019.

PM Modi to focus on job creation in India during his three-nation visit

Prime Minister Narendra Modi ahead of his visit to France, Germany and Canada from 10-16 April said that purpose of his visit is to create more jobs for youth in India and to discuss country's economic agenda. In France he will visit high-tech industrial units outside Paris. In Germany PM Modi and Chancellor Merkel will inaugurate Hannover Messe. In Canada he will interact with industry leaders. Prime Minister Modi also tweeted - "My France, Germany and Canada visit is centred around supporting India's economic agenda and creating jobs for our youth."

Sania Nehwal defeated Hana

Indian shuttler Sania Mirza defeated Hana 21-15 21-12 in the women's singles competition at the Siri Fort Sports Complex to enter the semifinals. Kidambi Srikanth also defeated Japan's Takuma Ueda. But the biggest shock of the day was the defeat of five-time World champion Lin Dan. Indonesian, the eighth seed and World No. 10 Tommy Sugiarto defeated Dan.

TRAI may regulate VoIP and IM apps

The telecom regulatory of India (TRAI) is preparing to regulate VoIP and IM applications. Under this change, services such as WhatsApp, Skype and Viber and many other may have to pay revenue to telecom operators. The final decision may be taken in a few more months. TRAI had earlier refused to regulate OTT (over the top) services.

Yogendra Yadav and Prashant Bhushan removed from AAP national executive

The Aam Aadami Party's (AAP) senior and founder members Yogendra Yadav and Prashant Bhushan have been sacked from the AAP's national executive. The decision is based on majority at the national council meet. Both the leaders had challenged the leadership of Chief Minister Arvind Kejriwal. Manish Sisodia introduced this resolution. Along with them two other leaders Anand Kumar and Ajit Jha have also been removed from the Party's national executive.