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Major News and Events of 01 April 2016

What Happened on 01 April 2016


Home Loan EMIs to be slashed from today

With India’s largest lender State Bank of India cutting down its home loan rate from 9.5% to 9.4% from today; the EMIs for the home loans have also fallen by over Rs. 300 for those who are availing a Rs. 50 lakh, 15-year loan. Just like SBI, even ICICI Bank has announced a one-year MCLR of 9.2% but it is yet to inform about the mark-up at which it will be providing the home loans.

Partial liquor ban in Bihar from today

A partial liquor ban has been imposed in Bihar from today after a notification issued by the state government. The state cabinet approved the Excise and Prohibition department’s proposal for issuing a notification for implementation of liquor ban in rural areas in addition to banning country-made and spiced liquor. Any person indulging in manufacturing, trade, transportation, sale and/or consumption of country-made and spiced liquor in Bihar would be punished for violating the provisions of the Bihar Excise (Amendment) Act, 2016.




FAQs and Answers on Indian History and Geography
Which State is biggest Jute producer? West Bengal is the largest producer of jute in India. India is the largest producer of jute in the world. Approximately 60 percent of the total world produce of jute is cultivated in India… Read More...
Which State is the Largest Tea producer? Assam is the largest producer of tea in India. India is one of the largest producers of tea in the world, second only to China. India recorded a total production of 1233.14 million… Read More...
Which State is the Largest Mica Producer? Andhra Pradesh is the largest producer of mica in India. For over hundred years, India had enjoyed monopoly in production and export of sheet mica in the world. Of late,… Read More...