5th April News in Nutshell: Important stories of the day
National News- Intend to turn job seekers into job creators: PM Modi at ‘Stand Up India’ launch Ahead of the assembly elections in Uttar Pradesh, Prime Minister Narendra Modi today launched the ‘Stand Up India’
National News-
Intend to turn job seekers into job creators: PM Modi at ‘Stand Up India’ launch
Ahead of the assembly elections in Uttar Pradesh, Prime Minister Narendra Modi today launched the ‘Stand Up India’ scheme in Noida today. The initiative is aimed at promoting entrepreneurship among the scheduled castes, scheduled tribes and women, by facilitating loans in the range of Rs. 10 lakh to Rs. 1 crore. Read More
Why are 11 states penniless? SC questions BCCI over fund allocation
In some scathing reprimand for the the Board of Control for Cricket in India (BCCI) over allocation of funds to state cricket bodies, the Supreme Court today said that the cricket governing body was distributing finds like a 'mutually beneficial society' without any rationale. Read More
RBI cuts lending rates by 25 basis points, EMIs set to fall
At the new fiscal's first bi-monthly monetary policy review today, Reserve Bank of India (RBI) Governor Raghuram Rajan cut interest rates by 25 basis points, thanks to a lower inflation outlook. Read More
Bihar imposes complete ban on alcohol, becomes 4th dry state
Bihar Chief Minister Nitish Kumar today announced a complete ban on liquor in the state. The ban on both foreign and domestic liquor comes into effect today. The decision to ban sale and consumption of India Made Foreign Liquor (IMFL) in municipal and town council areas was taken at a cabinet meeting, the chief minister told reporters. Read More
Markets negate RBI’s 25 bps rate cut, Sensex nosedives over 500 points
Reserve Bank of India’s rate cut of 25 basis points has failed to enthuse equity markets, with the BSE Sensex plunging 516 points to end at 24,833.16 points. Nifty too cracked 155.60 points to and closed at 7,603 points. Read More
China will pay a heavy price for blocking India’s bid to designate Masood Azahar at UN: India
With Beijing scuttling India's latest bid to have JeM chief Masood Azhar designated as a terrorist by the UN, Union minister V K Singh has warned that the day is not far when China would have to pay a heavy price once it gets hit by Pakistan-backed terrorism. Read More
International News-
Panama rejects money-launder label following documents leak
Panamanians have long shrugged off their country’s checkered reputation as a financial haven for drug lords, tax dodgers and corrupt oligarchs. If they’re crooks, they’ve learned from the world’s wealthy nations, they like to joke. Read More
US to sell nine AH-1Z Viper helicopters to Pakistan
The US is poised to sell nine AH-1Z Viper attack helicopters worth USD 170 million to Pakistan, weeks after Obama administration decided to provide eight F-16 fighter jets to the country despite strong opposition from some Congressmen and India. Read More
Business News-
Vistara adds Chandigarh to its fast expanding route, services to commence from May 2
Vistara, India’s fastest growing full service carrier, announced the addition of Chandigarh to its network with effect from May 2, 2016. With the new route launch, Vistara will cover 16 destinations across India. Chandigarh is Vistara’s sixth destination in North India after Jammu, Srinagar, Delhi, Lucknow and Varanasi. Read More
India remains bright spot in global economy: IMF chief
With strong growth and rising real income, India remains a bright spot in the global economy, IMF chief Christine Lagarde said today. In her major policy address, Lagarde said overall, the global outlook has weakened further over the last six months - exacerbated by China's relative slowdown, lower commodity prices and the prospect of financial tightening for many countries. Read More
Entertainment News-
Hema Malini reacts harshly on Pratyusha Banerjee's suicide, calls it ‘senseless’
Veteran actress and BJP MP Hema Malini has termed TV actress Pratyusha Banerjee’s alleged suicide “senseless”. She said that the world admires a fighter not a “loser”, who takes away his or her life. Read More
Did this Instagram post just confirm Mira Rajput’s pregnancy?
As per media reports, Shahid and Mira are expecting their first child. Although neither of them have confirmed the news, but reports about Mira’s pregnancy are rife. Read More
Sports News-
Gavaskar's 'astronomical fees' may force BCCI to drop him as commentator: Report
Board of Control for Cricket in India may drop cricketing legend Sunil Gavaskar from its list of commentators thus ending a long professional association with the batting maestro. Read More
Sarfraz Ahmed named as new Pakistan T20 captain
Wicket-keeper batsman Sarfraz Ahmed was today named captain of Pakistan's Twenty20 team, replacing Shahid Afridi who resigned from the position after the side's dismal in the World Twenty20 campaign. Read More