Current Affair and General Awareness Update, April 8, 2015

• Reserve Bank of India ( RBI ) has kept the policy rate unchanged in its monetry meeting review on Tuesday 7th April 2015, following are the rate of RBI Policy
• CRR 4%
• SLR 21.5%
• Repo Rate : 7.5%
• Reverse Repo : 6.5%
• FedEx to buy TNT for USD 4.8 Billion, FedEx is American Packaging firm and TNT Express is its Dutch rival.
• Microsoft has lanuched its new Mobile model under its Lumia brand, the new Model will be called Microsoft Lumia 640 and its priced around 12,000/-. MS is also planning to lanuch Lumia 640 XL with bigger screen size
• Sumit Mazumdar is new CII President, currently Sumit Mazumdar is Chairman and Managing Director of TIL Ltd , country's largest range of material handling equipment.
• Mudra Bank to be lanuched by Pm Modi today, as it seeks in getting cheaper credit for small and micro business firms.
• RBI survey pegs the economy growth to 7.9%.
• 20 Red sanders smugglers shot dead in Chitoor district of Andhra Pradesh
• Royal Dutch Shell Plc  to buy BG Group Plc for about £47 billion ($70 billion) in cash and shares, the oil and gas industry’s biggest deal in at least a decade.
• Three of country top lenders ICICI Bank, HDFC Bank and SBI have reduced the base rate after RBI Governors wrath, which will result in lowering of EMI of existing and new borrowers.