Current Affairs May 25, 2015

Tamil Nadu CM Jayalalitha announces development and welfare

v Tamil Nadu CM Jayalalitha announces development and welfare measures worth over 1800 crore rupees, including for improving roads and drinking water facilities and extending assistance to needy families headed by women.

v She approved five major schemes such as opening more 'AMMA' canteens that provide subsidised food, housing for poor and setting up Reverse Osmosis plants for drinking water.

Mumbai Indians won the title of IPL

v The 2015 edition of the Indian Premier League ended yesterday's Night (24th May 2015). Mumbai Indians won the title for the second time.

Bank employees get a 15 per cent hike in salary

v Around 10 lakh employees of 43 banks, including public sector banks, will get a 15 per cent hike in salaries, with the Indian Banks Association today signing a wage agreement with employee unions and officers’ associations.

v The revision, applicable with retrospectively with effect from November 1, 2012, will benefit employees and officers in 43 banks including public sector banks, old private sector banks and a few foreign banks.

G. Mohan Kumar appointed as Defence Secretary

v G. Mohan Kumar appointed as Defence Secretary on 22nd May 2015 as announced by Appointments Committee of the Cabinet (ACC).

Government Clears 21 FDI Proposals Worth Rs 281 Crore

v Government has cleared 21 foreign direct investment (FDI) deals worth Rs 281 crore but deferred Kotak Mahindra Bank's proposal to hike foreign investment limit in the bank to 55 per cent.

v FDI proposals under approval route are cleared by the Foreign Investment Promotion Board (FIPB). Proposals involving investment of more than Rs 3,000 crore are given final clearance by the Cabinet Committee on Economic Affairs (CCEA).

Source: The Indian Express