Daily GK Update : 3 June 2015

1. Delhi Govt bans sale of Maggi noodles
Shares of Nestle India slumped over 10 per cent on Wednesday

2. IAF fighter plane crashes in Odisha’s Mayurbhanj
Two pilots, who ejected off the plane, were reported to be safe.

3. World Bank approves $250 million loan for J&K flood recovery project
The project will be funded by credit from World Bank’s concessionary -International Development Association (IDA). 

4. State Bank of India slashes base rate by 0.15% to 9.70 per cent
The move comes just a few hours after the RBI cut repo rate by 25 bps.

5. FIFA President Sepp Blatter resigns
Election for new FIFA president to be held soon