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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 Indian state is the largest producer of coffee?Karnataka state is the largest producer of coffee in India. The state contributed about 70% of the total production of coffee in India during 2016-17 with 2.33 lakh MT coffee production. The main variety of coffee grown in Karnataka is Robusta, but the state also… Read More...
Which is the longest National Highway in India?Previously known as National Highway 7, National Highway 44 (NH 44) is the longest-running National Highway in India. It is 3,745 km long and covers the North-South Corridor of NHDP. It starts from Srinagar in the north and ends in Kanyakumari in the south. NH-44… Read More...
Which Indian state is the largest producer of silk?Karnataka is the largest producer of silk in India. The state produces an average of around 8,200 metric tonnes of silk every year, which is about one-third of the total silk production in India. Up to November 2017, Karnataka has produced 5,962 metric tonnes of… Read More...



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