www.bankersadda.com | w GK POWERC Cu Re Re CR SL M Ba Note : On 3, Feb, 2015, RBI (Reserve Bank of In unchanged. 1. RBI extends range of collateral for interban i. The Reserve Bank of India extended th interbank market to include bonds issu Development Bank. ii. Currently, such collateral is limited to co corporate debt securities of more than one iii. The move will help develop the corpora 2. RBI released Rs 42,000 crore to fund FY16 i. Banks will have headroom to lend an ad by 50 basis points the statutory liquidity ra ii. Rajan left the repo rate — the rate at wh the cash reserve ratio — the portion of dep iii. The central bank expects that economy for funds in the banking sector. The cut in S 3. RBI directs banks to display all loan costs i. Reserve Bank of India (RBI) made it com sheet at the processing stage. ii. Banks will also have to publish the 'a borrower. 4. Uniformity, innovation coming to credit da i. In its bid to better the credit information become members of credit information com ii. Currently, there are four such compa Information Services Pvt. Ltd, Experian C Services Pvt. Ltd. iii. According to the RBI’s report on furnish CICs accounts for only 19.8% of adult popu 5. RBI signs an information sharing agreemen i. This MoU was signed by Anthero de Mo Governor, Reserve Bank of India. ii. In this regard, RBI in total has signed 23 operation (SoC), with different Central Ban This GK Capsule has been prepared b document consists of all important n www.careerpower.in | www.careera CAPSULE FOR NICL AO & ASSISTANT EXAM 2015 urrent RBI Policy & Reserve Rates: epo Rate 7.5% (Unchanged) everse Repo 6.5% (Unchanged) RR 4% (Unchanged) LR 21.5% (Unchanged) MSF 8.5% (Unchanged) ank Rate 8.5% (Unchanged) ndia) in its fourth bimonthly monetary policy state News related to RBI nk transactions he range of collateral that can be used for repo t ued by multilateral financial institutions such as ommercial papers, certificate of deposits, non-conv e year maturity and rated AA or above. ate debt market. 6 growth dditional Rs 42,000 crore because of Reserve Bank o atio — the portion of deposits that banks must inve which it lends overnight funds to banks — unchange posits that banks have to maintain with RBI — at 4% y growth will pick up to 6.5% in FY16 which will re SLR is expected to help banks prepare their cash res mpulsory for banks to set out every possible cost in annual percentage rate' representing the total co ata n landscape, the Reserve Bank of India (RBI) has dir mpanies (CICs). anies in India—Credit Information Bureau (India Credit Information Co. of India Pvt. Ltd and CRIF H hing credit information, India is ranked 28 in “gettin ulation, as against 100% in several countries. nt with Brazil’s Central Bank oraes Meirelles, Deputy Governor for Supervision, B 3 such MoUs, one Letter for Supervisory Co-operat nks of other countries and overseas regulators/supe by Career Power Institute Delhi (Formerly Known news and events of last few months which can com adda.co.in 1 ement kept the key policy rate transactions on the country's the World Bank and Asian vertible debentures, and listed of India's move to bring down est in government bonds. ed at 7.75%. RBI also retained %. esult in an increased demand serves to fund this growth. n respect of the loan in a fact ost of credit to an individual rected all credit institutions to a) Ltd (Cibil), Equifax Credit High Mark Credit Information ng credit” and the coverage of BCB and S.S. Mundra, Deputy tion and one Statement of Co- ervisors. n as Bank Power). This me in IBPS CLERK Exam.
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GK POWERCAP
Current RBI Policy & Reserve Rates:
Repo Rate
Reverse Repo
CRR
SLR
MSF
Bank Rate
Note: On 3, Feb, 2015, RBI (Reserve Bank of India) in its fourth bimonthly monetary policy statement unchanged.
1. RBI extends range of collateral for interbank transactionsi. The Reserve Bank of India extended the range of collateral that can be used for repo transactions on the country's interbank market to include bonds issued by multilateral financial institutions such as the World Bank and Asian Development Bank. ii. Currently, such collateral is limited to commercial papers, certificate of deposits, noncorporate debt securities of more than one year maturity and rated AA or above.iii. The move will help develop the corporate debt market.
2. RBI released Rs 42,000 crore to fund FY16 growthi. Banks will have headroom to lend an additional Rs 42,000 crore because of Reserve Bank of India's move to bring down by 50 basis points the statutory liquidity ratio ii. Rajan left the repo rate — the rate at which it lends overnight funds to banks the cash reserve ratio — the portion of deposits that banks have to maintain with RBI iii. The central bank expects that economy growth will pick up to 6.5% in FY16 which will result in an increased demand for funds in the banking sector. The cut in SLR is expected to help banks prepare their cash reserves to fund this growth.
3. RBI directs banks to display all loan costs i. Reserve Bank of India (RBI) made it compulsory for banks to set out every possible cost in respect of the loan in a fact sheet at the processing stage. ii. Banks will also have to publish the 'annual percentage rate' representing the totalborrower.
4. Uniformity, innovation coming to credit datai. In its bid to better the credit information landscape, the Reserve Bank of India (RBI) has directed all credit institutionbecome members of credit information companies (CICs).ii. Currently, there are four such companies in IndiaInformation Services Pvt. Ltd, Experian Credit Information Co. of India Pvt. Ltd and CRIF High Mark Credit Information Services Pvt. Ltd. iii. According to the RBI’s report on furnishing credit information, India is ranked 28 in “getting credit” and the coverage CICs accounts for only 19.8% of adult population, as against 100% in several countries.
5. RBI signs an information sharing agreement with Brazil’s Central Banki. This MoU was signed by Anthero de Moraes Meirelles, Deputy Governor for Supervision, BCB and S.S. Mundra, Deputy Governor, Reserve Bank of India. ii. In this regard, RBI in total has signed 23 such MoUs, oneoperation (SoC), with different Central Banks of other countries and overseas regulators/supervisors.
This GK Capsule has been prepared by
document consists of all important news and events of last few
www.careerpower.in | www.careeradd
GK POWERCAPSULE FOR NICL AO & ASSISTANT EXAM 2015
Current RBI Policy & Reserve Rates:
Repo Rate 7.5% (Unchanged)
Reverse Repo 6.5% (Unchanged)
CRR 4% (Unchanged) SLR 21.5% (Unchanged)
MSF 8.5% (Unchanged)
Bank Rate 8.5% (Unchanged)
, RBI (Reserve Bank of India) in its fourth bimonthly monetary policy statement
News related to RBIRBI extends range of collateral for interbank transactions
nk of India extended the range of collateral that can be used for repo transactions on the country's interbank market to include bonds issued by multilateral financial institutions such as the World Bank and Asian
ateral is limited to commercial papers, certificate of deposits, non-convertible debentures, and listed corporate debt securities of more than one year maturity and rated AA or above. iii. The move will help develop the corporate debt market.
Rs 42,000 crore to fund FY16 growth i. Banks will have headroom to lend an additional Rs 42,000 crore because of Reserve Bank of India's move to bring down by 50 basis points the statutory liquidity ratio — the portion of deposits that banks must invest in
the rate at which it lends overnight funds to banks — unchanged at 7.75%. RBI also retained the portion of deposits that banks have to maintain with RBI — at 4%.
ank expects that economy growth will pick up to 6.5% in FY16 which will result in an increased demand for funds in the banking sector. The cut in SLR is expected to help banks prepare their cash reserves to fund this growth.
i. Reserve Bank of India (RBI) made it compulsory for banks to set out every possible cost in respect of the loan in a fact
ii. Banks will also have to publish the 'annual percentage rate' representing the total cost of credit to an individual
Uniformity, innovation coming to credit data i. In its bid to better the credit information landscape, the Reserve Bank of India (RBI) has directed all credit institution
companies (CICs). ii. Currently, there are four such companies in India—Credit Information Bureau (India) Ltd (Cibil), Equifax Credit Information Services Pvt. Ltd, Experian Credit Information Co. of India Pvt. Ltd and CRIF High Mark Credit Information
iii. According to the RBI’s report on furnishing credit information, India is ranked 28 in “getting credit” and the coverage CICs accounts for only 19.8% of adult population, as against 100% in several countries.
sharing agreement with Brazil’s Central Bank i. This MoU was signed by Anthero de Moraes Meirelles, Deputy Governor for Supervision, BCB and S.S. Mundra, Deputy
ii. In this regard, RBI in total has signed 23 such MoUs, one Letter for Supervisory Co-operation and one Statement of Cooperation (SoC), with different Central Banks of other countries and overseas regulators/supervisors.
This GK Capsule has been prepared by Career Power Institute Delhi (Formerly Known as Bank Power). This
document consists of all important news and events of last few months which can come in
reeradda.co.in 1
, RBI (Reserve Bank of India) in its fourth bimonthly monetary policy statement kept the key policy rate
nk of India extended the range of collateral that can be used for repo transactions on the country's interbank market to include bonds issued by multilateral financial institutions such as the World Bank and Asian
convertible debentures, and listed
i. Banks will have headroom to lend an additional Rs 42,000 crore because of Reserve Bank of India's move to bring down the portion of deposits that banks must invest in government bonds.
unchanged at 7.75%. RBI also retained at 4%.
ank expects that economy growth will pick up to 6.5% in FY16 which will result in an increased demand for funds in the banking sector. The cut in SLR is expected to help banks prepare their cash reserves to fund this growth.
i. Reserve Bank of India (RBI) made it compulsory for banks to set out every possible cost in respect of the loan in a fact
cost of credit to an individual
i. In its bid to better the credit information landscape, the Reserve Bank of India (RBI) has directed all credit institutions to
Credit Information Bureau (India) Ltd (Cibil), Equifax Credit Information Services Pvt. Ltd, Experian Credit Information Co. of India Pvt. Ltd and CRIF High Mark Credit Information
iii. According to the RBI’s report on furnishing credit information, India is ranked 28 in “getting credit” and the coverage of
i. This MoU was signed by Anthero de Moraes Meirelles, Deputy Governor for Supervision, BCB and S.S. Mundra, Deputy
operation and one Statement of Co-operation (SoC), with different Central Banks of other countries and overseas regulators/supervisors.
6. RBI, Sri Lankan central bank agrees on $1.5 billion currency swap deal.
7. RBI Relaxes Overseas Loan Recast Rules i. The Reserve Bank of India (RBI) relaxed rules for companies and banks to restructure and reschedule existing overseas borrowings by permitting an increase in the total cost of borrowing offshore. ii. Indian firms have found it difficult to restructure existing borrowings after facing a sharp slowdown in the economy. iii. The banking regulator also allowed changes in the drawdown and repayment schedules of such overseas borrowings.
8. RBI cuts repo rate by 25 basis points to 7.5 per cent
i. The Reserve Bank of India (RBI) has cut down repo rate by 25 basis points to 7.5 percent from 7.75 percent, with
immediate effect citing that the fiscal consolidation was better than what numbers show and that the combined fiscal
deficit is much lower due to the government transferring more funds to the states.
ii. However, RBI has kept the cash reserve ratio (CRR) unchanged at 4 percent.
iii. It is the second change in rates by 25 basis points since January 2015. With this change, RBI is signaling that it was
convinced by the fiscal consolidation measures announced in the Budget.
iv. This is the first time that the Reserve Bank of India has announced a monetary policy action ahead of markets opening.
9. RBI adopted Inflation Targeting as a policy tool for monetary regulation
i. Inflation targeting was in news recently as Union Government and Reserve Bank of India (RBI) on 20 February 2015
signed an agreement on Monetary Policy Framework. As per the agreement, RBI accepted to focus on flexible inflation
targeting.
ii. Inflation targeting is defined as an economic policy in which a central bank estimates or decides for a medium-term
target inflation rate. In Indian context, as per the agreement, inflation targeting means that the RBI will have to maintain
iii. Consumer Price Index (CPI)-based inflation targets below six per cent by January 2016 and four per cent from 2016-17,
with a band of plus/minus two per cent.
iv. The transition from monetary targeting suggested by Chakravarty Committee (1988) to Inflation targeting suggested by
Urijit Patel Committee is similar to the practice adopted by central banks in developed countries.
What are the Benefits of Inflation Targeting ?
i. The benefits of inflation targeting are many. Two of the prominent benefits of inflation targeting are enhancement of
transparency and reduction of price variability.
ii. The most important benefit of inflation targeting is that it helps the central banks to maintain low inflation and low
inflation eventually promotes long term growth.
iii. Other most important benefits of using inflation targeting include
enhanced public understanding of monetary policy, increased
central bank accountability, and an improved state for economic
growth.
10. RBI eases norms for home loans for up to Rs 10 lakh
i. Giving a boost to affordable housing, the RBI eased the norms for home
loans for up to Rs 10 lakh by allowing banks to include stamp duty and
registration charges to the cost of a unit.
ii. These charges used to form around 15 per cent of the cost of the house
and place a burden on borrowers.
iii. As per the current practice, banks do not include stamp duty,
registration and other documentation charges in the cost of housing
property.
iv. The RBI declared that in cases of projects sponsored by government,
statutory authorities, banks may disburse the loans as per the payment
stages prescribed by such authorities, even where payments sought from
house buyers are not linked to the stages of construction.
� Banking topics in news –
� NPA’s (Non Performing Assets):
i. A mortgage in default would be considered non-performing, after a
Important Banking Terminology: 1. Basis points: It is the increase in interest rates in percentage terms. For instance, if the interest rate increases by 50 basis
points (bsp), then it means that interest rate has been increase by 0.50%. One percentage point is broken down into 100
basis points. Therefore, an increase from 2% to 3% is an increase of one percentage point or 100 basis points.
2. Bank Rate: Bank Rate is the rate at which central bank of the country (in India it is RBI) allows finance to commercial banks. Bank Rate is a tool, which central bank uses for short-term purposes. Any upward revision in Bank Rate by central bank is an indication that banks should also increase deposit rates as well as Base Rate / Benchmark Prime Lending Rate. Thus any revision in the Bank rate indicates that it is likely that interest rates on your deposits are likely to either go up or go down, and it can also indicate an increase or decrease in your EMI.
3. Liquidity adjustment facility (LAF) is a monetary policy tool which allows banks to borrow money through repurchase agreements. LAF is used to aid banks in adjusting the day to day mismatches in liquidity. LAF consists of repo and reverse repo operations.
4. Repo Rate: Whenever the banks have any shortage of funds they can borrow it form RBI. Repo rate is the rate at which commercial banks borrows rupees from RBI. A reduction in the repo rate will help banks to get money at cheaper rate. When the repo rate increases borrowing form RBI becomes more expensive.
5. Reverse Repo Rate: Reverse Repo rate is the rate at which RBI borrows money from commercial banks. Banks are always happy to lend money to RBI since their money is in the safe hands with a good interest. An increase in reverse repo rate can cause the banks to transfer more funds to RBI due to this attractive interest rates. One factor which encourages an organisation to enter into reverse repo is that it earns some extra income on its otherwise idle cash.
6. CRR (Cash Reverse Ratio): CRR is the amount of funds that the banks have to keep with RBI. If RBI increases CRR, the available amount with the banks comes down. RBI is using this method (increase of CRR), to drain out the excessive money from the banks.
7. SLR (Statutory Liquidity Ratio): SLR is the amount a commercial banks needs to maintain in the form of cash, or gold, or govt. approved securities (Bonds) before providing credit to its customers. SLR rate is determined and maintained by RBI in order to control the expansion of the bank credit. Need of SLR: With the SLR, the RBI can ensure the solvency of a commercial banks. It is also helpful to control the expansion of the Bank credits. By changing SLR rates, RBI can increase or decrease bank credit expansion. Also through SLR, RBI compels the commercial banks to invest in the government securities like govt. bonds. Main use of SLR: SLR is used to control inflation and propel growth. Through SLR rate the money supply in the system can be controlled effectively.
8. Marginal Standing Facility (MSF): MSF rate is the rate at which banks borrow funds overnight from the Reserve Bank of India (RBI) against approved government securities.
9. NEFT (National Electronic Fund Transfer): NEFT enables funds transfer from one bank to another but works a bit differently than RTGS. NEFT is slower than RTGS. The transfer is not direct and RBI acts as the service provider to transfer the money from one account to another. You can transfer any amount through NEFT, even a rupee. Note: Rs 50,000 is a limit in a NEFT to NEPAL in a single day.
10. RTGS (Real time gross settlement ): RTGS system is funds transfer systems where transfer of money or securities takes place from one bank to another on a "real time" and on "gross" basis. Settlement in "real time" means payment transaction is not subjected to any waiting period. The transactions are settled as soon as they are processed. Minimum & Maximum Limit of RTGS: 2 lakh and no upper limit.
11. Fiscal Deficit: A deficit in the government budget of a country and represents the excess of expenditure over income. So this is the amount of borrowed funds require by the government to meet its expenditures completely.
12. Direct Tax: A direct tax is that which is paid directly by someone to taxing authority. Income tax and property tax are an examples of direct tax. They are not shifted to somebody else.
13. Indirect Tax: This type of tax is not paid by someone to the authorities and it is actually passed on to the other in the form of increased cost. They are levied on goods and services produced or purchased. Excise Tax, Sales Tax, Vat, Entertainment tax are indirect taxes.
14. Foreign Exchange Market : Foreign exchange market is the place where the financial institutions of different countries
come and exchange the currencies in a defined manner and set rates. In forex market the deals of currencies are done and
in turn it defines the value of one currency in comparison to the other. A foreign investor (FII or FDI) is a major source of
foreign currency in India.
15. NOSTRO Account: A Nostro account is maintained by an Indian Bank in the foreign countries.
16. VOSTRO Account: A Vostro account is maintained by a foreign bank in India with their corresponding bank.
17. SDR (Special Drawing Rights): SDR are new form of
International reserve assets, created by the International Monetary Fund in 1967. The value of SDR is based on the portfolio of widely used countries and they are maintained as accounting entries and not as hard currency or physical assets like Gold.
18. BOND: Publicly traded ling term debt securities issued by corporations and governments, whereby the issuer agrees to pay a fixed amount of interest over a specified period of time and to repay a fixed amount of principal maturity.
19. CRAR(Capital to Risk Weighted Assets Ratio): Capital to risk weighted assets ratio is arrived at by dividing the capital of the bank with aggregated risk weighted assets for credit risk, market risk and operational risk.
20. Non Performing Assets (NPA): An asset (loan), including a leased asset, becomes non performing when it stops generatig income for the bank. Note: Once the borrower has failed to make interest or principle payments for 90 days the loan is considered to be a non-performing asset.
21. Inflation: inflation is a rise in the general level of prices of goods and services in an economy over a period of time. When the general price level rises, each unit of currency buys fewer goods and services. Consequently, inflation reflects a reduction in the purchasing power per unit of money – a loss of real value in the medium of exchange and unit of account within the economy.
22. GDP - An estimated value of the total worth of a country’s production and services, within its boundary, by its nationals and foreigners, calculated over the course on one year. Note: GDP = consumption + investment + (government spending) + (exports − imports). Total value of products & Services produced within the territorial boundary of a country.
23. GNP - An estimated value of the total worth of production and services, by citizens of a country, on its land or on foreign land, calculated over the course on one year. Note: GNP = GDP + NR (Net income inflow from assets abroad or Net Income Receipts) - NP (Net payment outflow to foreign assets). Total value of Goods and Services produced by all nationals of a country (whether within or outside the country).
Credit Rating Agency in India & World
Indian credit rating industry mainly comprises of CRISIL, ICRA, CARE, ONICRA, FITCH (India Ratings & Research) & SMERA. � CRISIL - Credit Rating Information Services of India Limited, Headquarter – Mumbai � ICRA - Investment information and credit rating agency Headquarter - Gurgaon, India � CARE - Credit Analysis and Research Headquarters – Mumbai � ONICRA - Headquarter - Gurgaon, India � SMERA - Headquarters – Mumbai � Fitch (India Ratings & Research) - Headquarters – Mumbai � Note: CRISIL is the largest credit rating agency in India, with a market share of greater than 60% � Standard & Poor's (S&P) – Headquarter – New York, US
� Moody's – Headquarter - New York, US
� Fitch - Headquarter - New York, US
Regulators in India:
Regulator Sectors Chairman Headquarter
Reserve Bank of India (RBI)
Financial system and monetary policy, Money Market
Raghuram Rajan
Mumbai
Securities and Exchange Board of India (SEBI)
Security & Capital Market, stock broking & Merchant Banking, Nidhis, Chit Fund
Companies
U.K. Sinha Mumbai
Insurance Regulatory and Development Authority (IRDA)
Insurance industry T. S. Vijayan Hyderabad
Telecom Regulatory Authority of India (TRAI)
Telecommunication Industry Rahul Khullar New Delhi
Forward Markets Commission
Commodity Market Ramesh Abhishek
Mumbai
Pension Fund Regulatory and Development Authority (PFRDA)
India’s GDP Forecast: � The Asian Development Bank projected India's growth rate to surpass China and improve to 7.8 per cent in next fiscal and
further to 8.2 per cent in 2016-17.
� India pegs 2014-15 GDP growth at 7.4 per cent
� India’s growth to reach 6.3 per cent in 2016:United Nations World Economic Situation and Prospects (WESP)
� International Monetary Fund (IMF) projected that India will grow 6.5 per cent in 2016, overtaking China which, it
projected, will slowdown to 6.3 per cent.
� Fitch expects real GDP growth to pick up to 8 per cent in FY16 and 8.3 per cent in FY17
� Standard and Poor rating – BBB + to India
� FITCH has a 'BBB-'rating for the country with a stable outlook,
� Moody's gave India 'Baa3'
� RBI pegged 2015-16 GDP growth at a central estimate of 6.2 %. � IMF projected GDP growth for India in 2014-15 at - 5.6 % & 6.4 % in 2015 India ranking in different Indexes: 1. Swiss leaks: India ranks 16th on leaked HSBC list
2. India has emerged as the second-most trusted country in the world in terms of faith reposed on its institutions. The list is
topped by UAE with 84 per cent trust.
3. Transparency International India (TII) – Corruption Index – India ranked 85th among 175(Denmark topped)
4. World Bank - Ease of Doing Business" report - India ranked 142 among the 189 countries (Singapore top)
5. World Economic Forum's 2015 Gender gap index – 114 (Iceland top the list followed by Finland & Norway)
6. Global Hunger Index Report 2014: 55 (Mauritius top followed by Thailand and Albania)
7. Human Development Index 2014 – 135 (Norway top followed by Australia). 8. Intellectual property (IP) environment 2015 – 29 (US ranked on the top, Thiland last) 9. World Press Freedom Index 2015 - 136 in the list of 180 countries 10. World's best countries for doing business 2014 – 134 11. Global Peace Index 2014 – 143 (Iceland top the list while Syria the most violent place) 12. Global Innovation Index 2014 - 76 13. Global Competitiveness Index 2014 -71 (Switzerland is the most competitive economy, followed by Singapore). Index/Reports Issued by different organizations in World:
1. World Economic Outlook is published by: International Monetary Fund (IMF). 2. Global Hunger Index is issued by: International Food Policy Research Institute 3. Global Peace Index is issued by: Institute for Economics and Peace 4. Global Corruption Index is issued by: Transparency International 5. Global Competitiveness Index is issued by: World Economic Forum 6. Human Development Report is issued by: United Nations Development Programme (UNDP) 7. Gender Inequality Index is issued by: United Nations Development Programme (UNDP)
The KVP, relaunched by Finance Minister Arun Jaitley, will be available
in the denomination of Rs 1,000; 5,000; 10,000 and 50,000. There
will be no upper ceiling on investment. Earlier, it was launched by the
Government on April 1, 1988.
Key Points of KVP:
i. No PAN requirement for investment in Kisan Vikas Patra
ii. There will also not be any upper limit on investment.
iii. It will be available to the investors in the denomination of Rs. 1000,
Rs. 5,000, Rs. 10,000 and Rs. 50,000, with no upper ceiling on
investment.
iv. The certificates can be issued in single or joint names and can be
transferred from one person to any other person persons, multiple
times.
v. The facility of transfer from one post office to another anywhere in
India and of nomination will be available.
vi. With a maturity period of 8 years 4 months (100 months), the
collections under the scheme will be available with the Government for
a fairly long period to be utilized in financing developmental plans of
the Centre and State Governments and will also help in enhancing
domestic household financial savings.
Jan Dhan Yojana
2. Aim - scheme to promote financial inclusion: Prime Minister Narendra Modi launched 'Pradhan Mantri Jan Dhan Yojana' to help the poor open bank accounts. The slogan for the Pradhan Mantri Jan Dhan mission is “Mera Khata – Bhagya Vidhaata”.
Benefits :
i. Every individual who opens a bank account will become eligible to receive an accident insurance cover of up-to Rs. 1
Lakh.
ii. HDFC Ergo General Insurance will provide the accident cover under the scheme. iii. An additional Rs. 30,000 life insurance cover will be provided for those opening bank accounts before January 26, 2015. iv. LIC (Life Insurance Corporation) will provide the life insurance cover of Rs 30,000 under the scheme v. Rs 5,000 overdraft facility for Aadhar-linked accounts, Ru Pay Debit Card with and minimum monthly remuneration of Rs 5,000 to business correspondents who will provide the last link between the account holders and the bank. Capital Infusion in Banks –
3. Govt announces capital infusion of Rs6,990 crore i. The government announced a capital infusion of Rs.6990 crore in nine state run banks, including State Bank of India (SBI) and Punjab National Bank (PNB), but based on new efficiency parameters such as return on assets and return on equity. ii. The government had budgeted to infuse more than Rs.11,000 crore as capital in the current financial year. iii. While State Bank of India will get Rs.2,970 crore as capital in the current fiscal, Bank of Baroda will get Rs.1,260 crore, Punjab National Bank Rs.870 crore, Canara Bank Rs.570 crore, Syndicate Bank Rs.460 crore, Allahabad Bank Rs.320 crore, Indian Bank Rs.280 crore, Dena Bank Rs.140 crore and Andhra Bank Rs.120 crore.
4. MahaMobile app launched by Bank for Maharashtra i. The customers using debit card of the bank and having their mobile number registered with the bank can easily avail this facility without the need of visiting the bank branch.
5. HDFC Bank raises close to Rs 10,000 crore - HDFC Bank raised Rs 9,880 crore in the largest share sale in the secondary market by a private entity to overseas and domestic investors through a mix of qualified institutional placement and American depository shares.
6. Reliance teams up with State Bank of India for payments bank i. RIL and SBI put in a joint application to the Reserve Bank of India (RBI) to set up a payment bank that can offer services such as remittances and deposits but not loans.
ii. The nation's largest lender SBI, which being a commercial bank could not apply for a payment bank license, will hold 30% in the joint venture. RIL will be the promoter and hold the balance 70%.
7. Base year change pushes 2013-14 GDP growth to 6.9% i. The Government, sharply revised India’s 2013-14 GDP growth estimate to 6.9 per cent from 4.7 per cent. ii. The 2012-13 growth estimate was revised to 5.1 per cent from 4.5 per cent. iii. The estimates released also follow a change in the base year for calculating national accounts to 2011-12 from 2004-05 in addition to the routine annual revision. iv. The changes have reduced the gap between the way India calculates GDP and the methodology used by the International Monetary Fund.
8. CHILLR APP - HDFC Bank, India’s second-largest private bank, introduced a new app, Chillr, which will allow users to send money to any contact in their phone books, 24 hours a day, seven days a week. Chillr is a third-party app, which will be available exclusively for the customers. It will allow them to transfer money using a contact’s mobile number alone.
9. Singapore's GIC to invest Rs 1,020 crore in Bandhan Financial Services i. Singapore's sovereign wealth fund GIC is investing 10.2 billion rupees ($165.5 million) in India's Bandhan Financial Services. ii. The company will get a total equity investment of 16 billion rupees, including 5.8 billion rupees from existing investor IFC.
10. TCS ends RIL's 23-year run as most profitable firm Information technology major Tata Consultancy Services (TCS) posted a net profit of Rs 5,328 crore for the quarter ended
11. ICICI ties up with UAE Exchange for instant money transfer i. ICICI bank has tied up with UAE Exchange to offer an instant bank transfer service to the Indians residing in the Gulf nation. ii. ‘FLASHremit’ service started by the bank enables customers to conveniently send money instantly to their beneficiaries in India in Indian Rupees.
12. ICICI Bank launches ‘Pockets’, India’s first digital bank on a mobile phone i. ICICI Bank, India’s largest private sector bank, has announced the launch of ‘Pockets’, India’s first digital bank for the youth. ii. This wallet uses a virtual VISA card which enables the users to transact on any website or mobile application in India.
13. PNB raises Rs. 1,000 crore via private placement i. State-owned Punjab National Bank raised Rs. 1,000 crore through bonds to fund business growth and meet global capital adequacy norms. � Note - Public sector banks require equity capital of Rs. 2.4 lakh crore by 2018 to meet the global, Basel III norms on
capital adequacy. For the current fiscal, the government has allocated Rs. 11,200 crore for bank capitalisation. 14. SBI inks 100 mn euro loan pact with European bank
i. State Bank of India has signed a loan agreement for 100 million euro (about Rs 700 crore) with European Investment Bank for lending to private businesses in the country. ii. The loan will be utilised to support the development of private sector, in particular small and medium-sized enterprises ( SMEs), social and economic infrastructure as well as climate change mitigation and adaptation in the country. iii. Agreements related to the first tranche of 55 million euro and the second of 45 million euro were signed in June and November 2014.
15. Govt asks PSU banks increase lending to minorities
i. The Union government has advised PSU banks to step up lending to minorities with a view to ensuring that they get loans
in proportion to their population.
ii. It was decided to increase the percentage share of lending to each minority community in proportion to their respective
share in minority population.
16. EPFO trustees okay raising age limit under pension scheme to 60 from 58 years for vesting of pension.
17. US dollar hits 12-year peak, emerging markets spooked. The US dollar climbed to multi-year peaks against the euro and
yen in Asia amid starkly diverging outlooks for interest rates globally.
18. SBI sells 4% stake in Cibil to IIFL for around Rs 72 crore
19. Government cuts import tariff on gold and silver - The government has slashed import tariff value on gold to $375 per 10
grams and silver to $512 per kg following weak global price
trends.
20. Centre includes compensation in GST Const Amendment Bill -
The Centre has included in the GST Constitutional Amendment
15. According to the Union Budget, Centre of film production,
animation and gaming to come up in _____. AP
16. On which date Union Budget 2015-16 was presented in
Parliament? - 28 February 2015
17. Name the Union Finance Minister who presented the Union
Budget 2015-16 in Parliament? - Arun Jaitley
18. Personal Income Tax limit was not changed in Union Budget 2015-16. What is the present Personal I-T exemption limit? -
Rs 2.5 lakh
19. Health Insurance Premium deduction hiked from Rs. 15,000 to?- Rs. 25,000 (for senior citizens to Rs. 30,000)
20. Transport allowance exemption hiked to Rs. 1,600, from ____ per month? - Rs. 800
21. PAN card is must for all purchase above ______ rupees as proposed in Budget 2015-16? - Rs. 1 lakh
22. An additional _____% surcharge on people earning over Rs. 1 cr was put forth in the budget 2015-16? - 2%
23. What change was made in the Wealth tax? - Wealth tax abolished
24. DTC was dropped in the Budget 2015-16. Expand DTC? - Direct Taxes Code
25. Corporate tax to be reduced from 30% to ___ over next four years? - 25%
26. Mudra banks to be established with capital of Rs.___ crore?- 20000
27. Rs. ____ deduction for contribution to New Pension Scheme?- Rs. 50,000
28. GAAR implementation deferred by 2 years to? - April 2017
29. Service Tax rate hiked to ___% from 12.36%? - 14%
30. Tax free bonds were proposed in budget for? - Roads, railways, irrigation project
ECONOMIC SURVEY
Presented By - Union Finance Minister Arun Jaitely on 27 February.
What is Economic Survey - The Economic Survey reviews the developments in the Indian economy over the previous
12 months, summarises the performance on major development programmes and highlights the policy initiatives of the
government and the prospects of the economy in the short to medium term.
Highlights of the Economic Survey 2014-15
• GDP growth is expected to accelerate to between 8.1 and 8.5 percent in 2015-16. • Inflation is likely to remain in the 5-5.5 percent range in 2015-16. • The current account deficit estimated to be 1.0 percent in the fiscal year 2015-16. • Food grains production for 2014-15 is estimated at 257.07 million tones. • India ranks well above the mean for its investment grade category (BBB), and also above the mean for the investment
category above it (on the basis of the new growth estimates). • Expenditure control and expenditure switching from consumption to investment will be the key to growth in the
short-run • It calls for complementing Make in India initiative with Skill India initiative to enable a larger section of the
population to benefit from the structural transformation that such sectors will facilitate. • The Model APMC Act, 2003 should be amended along the lines of the Karnataka Model that has successfully
introduced an integrated single licensing system. • The Survey calls for adhering to the medium-term fiscal deficit target of 3 percent of GDP. This will provide the fiscal
space to insure against future shocks and also to move closer to the fiscal performance of its emerging market peers. • It also calls for moving toward the golden rule of eliminating revenue deficits and ensuring that, over the cycle,
borrowing is only for capital formation. • Expenditure control combined with recovering growth and the introduction of the GST will ensure that medium term
targets are comfortably met. • In the short run, the need for accelerated fiscal consolidation will be conditioned by the recommendations of the
Fourteenth Finance Commission (FFC). • Food Subsidy Bill stands at 107823.75 crore rupees during 2014-15 (up to January 2015) which means an increase of
20 percent over previous year • The direct fiscal cost of select subsidies is roughly 378,000 crore rupees or 4.2 percent of GDP in 2011-12. • 41 percent of subsidy given for the PDS kerosene is lost as leakage and only 46 percent of the remaining 59 percent is
• The JAM Number Trinity – Jan Dhan Yojana, Aadhaar, Mobile – can enable the State to transfer financial resources to the poor in a progressive manner without leakages and with minimal distorting effects.
• The railways public investment multiplier (the effect of a 1 rupee increase in public investment in the railways on overall output) is around 5.
RAILWAY BUDGET
• 1,00,011 Cr. Planning Budget in 2015-16.
• Bullet train Corridor to be developed between Mumbai to Ahmedabad.
• Rs.2000 cr for Coastal Connectivity Program; Rs.2500 cr through BOT/Annuity route. 1000 MW Solar plant;
100DEMUs to dual fuel
• Setting up ‘Kayakalp’ to help in Technology Upgradation.
• Corporate safety Plans; ISRO to be involved; 3438 level Xings to be eliminated, Rly expense increased by 2600%
• MUTP-III project for Mumbai.
• Malviya Chair at IIT BHU for Railway technology excellence.
• Train Protection Warning Systems and Anti colliding system to be developed by RDSO.
• Increase of speed of 9 Trains from 110 km/hr and 130 km/hr to 160 km/hr.to 200 km/hr.
• 8.5 lakh crore rupees to be invested in the railways in the next 5 years.
• Operating ratio proposed at 88.5%. Best ever in 9 years.
• Increase track length by 20 per cent and passenger carrying capacity from 21 to 30 million.
• Free Wi-fi facility to B class stations under the scheme of Digital India.
• SMS alert on mobile, customer portal promoting digital India campaign.
• Bio toilets in trains; airplane type toilets in trains.
Important Committees in News: 1. The government has set up a high level panel, headed by former Home Secretary Anil Baijal to suggest a framework to
assess CSR activities done by corporates under the companies law. 2. Union Finance Ministry constituted High Level Committee to interact with trade and industry to give
recommendations to the Central Board of Direct Taxes (CBDT) and the Central Board of Excise and Customs (CBEC) for issuance of appropriate clarifications by way of circulars, on tax-related issues on a regular basis. The high level committee will be headed by former Chief Economic Advisor (CEA) Ashok Lahiri.
3. TSR Subramaniam Committee: to review the processes, laws and Acts of the Ministry of Environment, Forests and
Climate Change
4. Pratyush Sinha committee: to assess compensation for coal blocks.
5. The former Union Minister Jairam Ramesh designated as the head of Future Earth Engagement Committee, a global
research platform panel on sustainable development.
6. T.K. Vishwanathan committee: to provide Bankruptcy code for small and medium enterprises (SMEs).
Note: The committee will prepare a report on corporate bankruptcy framework for SMEs by February 2015.
7. Justice Prabha Sridevan committee: to function as a think-tank to help draft a new National Intellectual Property Rights
Policy (National IPR Policy)
8. K.V. Kamath panel: to examine the financial architecture for Micro, Small and Medium Enterprises (MSME) sector.
9. Gopalakrishna Committee: on Capacity Building in Banks and non-Banks
10. G N Bajpai Committee: to review the investment guidelines for national pension system (NPS) schemes in private sector.
11. Scientist Raghunath Anant Mashelkar panel: to recommend best technologies for Prime Minister Narendra Modi's "Swachh
Bharat" national sanitation campaign.
Note: The terms of reference include achieving Prime Minister Modi's "Swachh Bharat" goals by 2019.
12. T S R Subramanian Committee: to review five key green laws concerning protection and conservation of environment,
forest, wildlife, water and air among others.
13. H R Khan Committee: to examine the un-claimed amount in
PPF, Post Office and Savings Schemes.
14. H Devaraj Committee: reported that most of the deemed
15. Sivaramakrishnan Committee: to suggest the place to build the capital city of Andhra Pradesh
16. Former RBI Governor Bimal Jalan to head the Expenditure Management Commission. The purpose of setting up the
commission is to cut-off the spending and review government expenditure to get maximum output. 17. Justice CS Dharmadhikari Committee: recommended complete ban on dance bars in hotels and restaurants .
18. R. Ramanujam Committee - to review, identify and recommend amendment in obsolete laws to further smoothen and
simplify the governance.
19. G. Padmanabhan Committee: implementation of Bharat Bill Payment System (BPPS) 20. Nachiket Mor committee: for small and payments bank 21. Nachiket Mor Committee: to permits NBFCs to work as Business Correspondents of banks. 22. Deepak Mohanty Committee: on Data and Information Management in the Reserve Bank of India 23. PJ Nayak to review Governance of Boards of Banks in India. 24. Nachiket Mor - committee on comprehensive financial services for small businesses and low-income households. 25. Parthasarathi Shome – for Tax Administration Reform Commission (TARC) 26. Arvind Mayaram Panel: report on the alleged irregularities at the National Spot Exchange Ltd (NSEL) 27. Arvind Mayaram Committee –for giving clear definitions to Foreign Direct Investment (FDI) and Foreign Institutional
Investment (FII) Important News (India & World):
1. Coal India stake sale fetches Rs. 22,600 crore
i. The Centre raised Rs 22,557.63 crore from the sale of its 10 per cent shareholding in Coal India (CIL). ii. Of the total proceeds raised, Rs 11,360.11 crore came from insurance companies — both private sector and public sector including the Government-owned Life Insurance Corporation. iii. With divestment drive, the Centre’s shareholding in CIL stands at 79.65 per cent.
2. Gujarat Technological University (GTU) launched e-Raksha Research Centre to curb rising menace of cybercrimes. 3. Jaipur Literature Festival
i. The eighth edition of the ZEE Jaipur Literature Festival is held on 21st January 2015. ii. The event was inaugurated by the Chief Minister Vasundhara Raje iii. The Festival highlighted the at gender equity in India in a series titled `Women Uninterrupted'.
4. Hyderabad to host World Congress on Information Technology in 2018 i. Hyderabad will host the World Congress on Information Technology (WCIT) in 2018. ii. This will be the first WCIT to be held in India and the theme of the 2018 WCIT will be Future of enterprises. iii. WCIT 2016 is to be held in Brazil.
5. India overtakes China as world’s leading gold consumer i. India overtook China as the world’s biggest gold consumer in 2014 as global physical demand fell. ii. Chinese gold demand slid by more than a third last year to a four-year low of 866 tonnes.
6. European Union (EU) decided to lift a seven-month-long ban on the import of mangoes from India. The proposal to lift the ban was voted unanimously by the European Commission’s standing committee on plant health. ii. European Union issued a temporary ban on import of Indian mangoes on 1 May 2014 after fruit flies and other quarantine pests were found in 207 consignments. The consignment infested with fruit flies were found by authorities in Brussels. The ban was supposed to be effective till December 2015.
7. Pakistan has banned the Jamaat-ud Dawa (JuD) and the Haqqani network after the US intervention. 8. Supreme Court's decision on IPL Spot fixing
i. Supreme Court gave verdict that N Srinivasan can't contest BCCI polls till he gives up commercial interest in CSK. ii. The court-appointed Justice Mukul Mudgal Committee, also comprising senior advocates L Nageswar Rao and Nilay Dutta, had found Srinivasan's son-in-law Gurunath Meiyappan guilty of indulging in betting during IPL 2013 despite being a CSK team official.
9. Kerala to get first International Institute of Music i. Kerala Culture Minister K C Joseph on 22 January 2015 announced setting up of the International Institute of Music in Kerala. It will be the first international institute in India that is dedicated to music. ii. A Trust headed by Sarod Maestro Ustad Amjad Ali Khan has been entrusted with the responsibility to set up the Institute.
10. Apple Inc. becomes first company worth over $700 bn in global corporate history i. US technology giant Apple Inc. became the first company to reach a market value of $700 billion. ii. Apple Inc had recorded highest quarterly profit of 18 billion US dollar in corporate history worldwide after the company sold 74.5 million iPhones in quarter ending December 2014.
11. National Bank for Agriculture and Rural Development (NABARD) announced Rs 1,14,927 crore credit plan for agriculture in Rajasthan for fiscal 2015-16, encompassing all 33 districts in the state.
12. Himachal Pradesh Government launched Crime and Criminal Tracking Network System Project. 13. Puducherry government initiated steps to bring into effect a scheme evolved in 2003 to pay monthly pension to media
persons. 14. Israel offers expertise to clean up Ganga - Amit Lang, Director-General of the Ministry of Economy, initiated talks on the
Free Trade Agreement (FTA), as well as expand cooperation in the field of water management, waste water treatment. 15. Aam Admi Party (AAP) led by Arvind Kejriwal emerged as winner in the Delhi vidhansabha Electon. AAP won 67 out of the
total 70 seats, while BJP bagged only 3 in the state.
� Arvind Kejriwal swore in as the chief minister of Delhi. Ending the year old Lt. Governor’s rule in the state.
16. HIV treatment to be linked to Aadhaar - Anti-Retroviral Therapy (ART) Treatment for HIV/AIDS infection will now be linked to Aadhaar.
17. China overtakes US as top investment destination i. China has overtaken the United States as the top destination for foreign direct investment for the first time since 2003. ii. According to the United Nations Conference of Trade and Development, foreign firms invested 128 billion dollars in China and 86 billion in the US last year.
18. India, China launch Visit India Year in China i. External Affairs Minister Sushma Swaraj and Chinese Vice-Premier Wang Yang jointly launched the Visit India Year in China at a function in Beijing. ii. It is agreed to designate 2015 as Visit India Year in China and 2016 as Visit China Year in India.
19. World’s largest and tallest Indian flag unfurled in Faridabad. The flag was unfurled by BJP president Amit Shah, Haryana
CM ML Khattar and Bollywood actor Ranbir Kapoor at Town Park in Faridabad, Haryana. The flag has dimension of 96 feet
by 64 feet and weighs 48 kilograms.
20. Country's second largest software services firm Infosys has set up a 250-seater BPO arm centre at Aguadilla, Puerto Rico,
aimed at serving the aviation sector.
21. President gives assent to Maharashtra Animal Preservation Amendment Bill, 1995. This bill amends Maharashtra Animal
Preservation Act 1976 and bans slaughter of bulls and bullocks in the state.
22. India, Mauritius to work to avoid 'abuse' of DTAT - Double Taxation Avoidance Convention.
23. Union Government launches BIRAC AcE Fund to accelerate growth of entrepreneurs in Biotechnology.
24. The Union Cabinet has approved the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) to provide skills training to youth
across the country.
25. The 1st Counter-Terrorism Conference 2015 was held in Jaipur for three days from 19 March 2015 to 21 March 2015.
26. The Supreme Court struck down Section 66 A of the Information and Technology Act, which allows police to arrest people
for posting 'offensive content' on the internet.
27. Foreign Secretary S Jaishankar’s SAARC Yatra –
He visited four nations from 1 March 2015 and ended on 4 March 2015. During the Yatra, he visited four countries namely
Afghanistan on 4 March 2015, Pakistan on 3 March 2015, Bangladesh on 2 March 2014 and Bhutan on 1 March 2015.
� Afghanistan on 4th March 2015 CEO Abdullah Abdullah
� Pakistan on 3rd March 2015: Foreign Secretary Aizaz Chaudhary. He also met with Prime Minister Nawaz Sharif and his
Advisor on Foreign Affairs and National Security Sartaj Aziz. He handed over a letter from Prime Minister Narendra
Modi to Pakistan Prime Minister Sharif.
� Bangladesh on 2nd March 2015: Prime Minister of Bangladesh Sheikh Hasina
� Bhutan on 1st March 2015: Bhutanese Prime Minister Tshering Tobgay. He also met with the 4th King of Bhutan Jigme
Singye Wangchuck.
Important News - States
1. Jharkhand CM announces Rs 1 lakh for alcohol-free villages. Chief Minister proposed to open 57 more Kasturba Gandhi
Girl Schools in the state
2. LIC to invest Rs 1.5-L cr in Indian Railways over next 5 years
3. Union Road Transport and Highways Minister Nitin Gadkari
launches portal to help source cement for concrete roads
4. New city 'NAINA' to come up over 600 square km near Navi
6. Assam government has launched an ambitious scheme to
increase agricultural production by providing facilities and
assistance to farmers for double cropping in their lands.
7. Kerala will host its first global conference on gender equality
8. Supreme Court sets aside Jat quota. The quota was given by the UPA regime to woo the Jat support in the 16th Lok sabha
elections. SC declared the Jats were not eligible for the quota as they are not in the economically weaker category.
9. Election Commission has announced that Electronic Voting Machines (EVMs) and ballot papers will carry photographs of
candidates from 1 May 2015.
10. First Kisan Call Centre of North-East opened in Agartala, Tripura. The KCC was launched by the Tripura Chief Minister
Manik Sarkar.
11. Union Government released Commemorative Postage stamps with Swachh Bharat Mission as theme i. The Commemorative Postage stamps on the theme of Swachh Bharat Mission were released on 30 January 2015 at Vigyan Bhawan, New Delhi to mark the Martyrdom Day of Mahatma Gandhi. ii. The stamps were released by the Union Ministry for Communications & Information Technology. iii. The design of the stamps was selected through a competition among the children on the theme of Swachh Bharat Mission. iv. The Swachh Bharat Mission was launched by the Prime Minister Narendra Modi on 2 October 2014, on the occasion of Birth Anniversary of Mahatma Gandhi.
12. A tracker to curb sex determination i. A simple set top box is helping prevent sex determination and female foeticide. ii. The civil administration in Jind has now made it mandatory for all ultrasound labs in the district to install active tracking devices with their machines so that the details of the tests become available online to the Chief Medical Officer. iii. Jind does not figure in the list of the 12 districts of Haryana identified for concerted action through the Beti Bachao Beti Padhao campaign launched by Prime Minister Narendra Modi. iv. The district administration has introduced the scheme of active tracking of ultrasound machines to curb their misuse for sex determination tests and to improve the sex ratio.
13. Maharashtra Government announced to rename Girgaum Chowpatty as Swaraj Bhoomi
14. 18th National Conference on e-Governance held in Gujarat i. 18th National Conference on e-Governance was held in Gandhinagar, Gujarat from 30 January 2015 to 31 January 2015 ii. The main Theme of the Conference was Digital Governance – New Frontiers. The focus sector was Skill Development & Employability. iii. The conference was organised jointly by Department of Administrative Reforms & Public Grievances (DARPG) under Ministry of Personnel, Public Grievances & Pensions and Department of Electronics and Information Technology (DeitY) under Ministry of Communications & Information Technology.
15. Modi govt to bring new scheme to replace JNNURM i. The existing programme to modernize urban infrastucture will be discontinued and a new plan will be introduced by the Narendra Modi government. ii. It will focus on spatial planning, liquid and solid waste management and public transport. About JNNURM - The Jawaharlal Nehru National Urban Renewal Mission (JNNURM) was introduced by the previous United Progressive Alliance (UPA) government in 2005 to improve civic infrastructure and services.
16. In its centenary year in 2013, the Rockefeller Foundation announced the 100 Resilient Cities project with a $100 million commitment to build urban resilience worldwide. Bengaluru, Chennai, Surat is selected among these ‘100 Resilient Cities'.
17. Bihar to provide free education i. The Bihar government decided to provide free education to Scheduled Castes (SC), Scheduled Tribes (ST) and girl students till Post Graduation (PG) level in the state. ii. According to latest government data, there were 4.05 lakh SC, ST and girl students studying undergraduate courses in the state, but the figure declines sharply to just 10,870 students belonging to these categories at the PG level.
18. Former Prime Minister Manmohan Singh adopted Pachim Bekeli Gaon Panchyat under Sansad Adarsh Gram Yojna (SAGY). Pachim Bekeli Gaon Panchyat is located in Kamrup district of Assam.
Council Ministers and their Constituency 1. Narendra Modi - Varanasi 2. Rajnath Singh - Lucknow 3. Sushma Swaraj - Vidisha (Madhya Pradesh) 4. Arun Jaitley - Rajya Sabha (Gujarat) 5. M. Venkaiah Naidu - Rajya Sabha (Karnataka)
1. Rajinder Khanna to be New Chief of RAW for a period of two years
from December 31 after incumbent Alok Joshi retires.
2. Walmart India appoints Ashwin Mittal as CFO
3. IPS officer M Akhaya appointed as Chief Vigilance Officer in telecom
department
4. Wipro appoints Abid Neemuchwala as COO
5. Kavinder Gupta elected as J&K assembly Speaker
6. Sir Venkatraman Ramakrishnan named as President of Britain’s
Royal Society
7. Jagmohan Dalmiya appointed BCCI president
8. FICCI appointed Arvind Virmani as Economic Mentor
9. Arun Singh named New Indian Ambassador to United States
10. Kannan Ramesh appointed as Judicial Commissioner to Supreme
Court Bench of Singapore
11. Baldev Sharma appointed as chairman of National Book Trust
12. IAS officer Kewal K Sharma appointed as Delhi Chief Secretary
13. Railways chose in Ratan Tata to lead Kaya Kalp panel
14. Amitabh Bachchan roped in as Brand Ambassador for Campaign
against Hepatitis .
15. Jaipal Singh - appointed Private Secretary to Minister of State for
Home Affairs
16. S Jaishankar - took charge as Foreign Secretary
17. Glen Joseph Galstaun - nominated as the representative of the Anglo-
Indian community in the Jharkhand Assembly.
18. K Durga Prasad - appointed as the Special DG of CRPF 19. Kalyan Singh - sworned in as Himachal Pradesh Governor
20. RK Mathur to hold additional charge of Department of Defence Research and Development (DDR&D).
21. IAS officer Reena Ray - appointed as Additional Secretary in Department of School Education and Literacy. 22. Shekhar Sen - appointed as Chairman of Sangeet Natak Akademi
23. Pahlaj Nihalani appointed as chairperson of CBFC Union Government has reconstituted Central Board of Film Certification (CBFC) and Pahlaj Nihalani was appointed as the chairperson.
24. Gauri Shankar - Government gave additional charge of Managing Director and CEO of Punjab National Bank to Gauri Shankar, senior most executive director at the bank.
25. Nitish Kumar became the new chief minister of Bihar.
26. M.O.Garg - appointed as Director General of Council of Scientific & Industrial Research
27. Krishna Chaudhary - appointed as the Director General (DG) of the Indo-Tibetan Border Police (ITBP).
28. Economist Bibek Debroy assumed charged as full time member of the NITI Ayog (National Institution for Transforming
India). DRDO chief V K Saraswat is the other full-time member in NITI Ayog.
29. Aziz Qureshi appointed as New Governor of Mizoram.
30. KK Paul is given the additional charge as the Governor of Uttarakhand.
31. Rajinder Khanna to be New Chief of RAW for a period of two years from December 31 after incumbent Alok Joshi
retires.
32. Jyotsna Suri elected as the President of the (FICCI) the Federation of Indian Chambers of Commerce & Industry
(FICCI).She succeeded Sidharth Birla.
33. Prakash Mishra takes over as DG of country's largest paramilitary and lead anti-Naxal operations force CRPF.Mishra
was an ex-Odisha police DGP and 1977-batch IPS officerv
34. Dineshwar Sharma has been appointed as the next chief of Intelligence Bureau(IB). he will succeed Syed Asif
Ibrahim whose tenure ends on December 31.
35. Randhir Singh appointed as honorary member of International Olympic Committee (IOC) in Monaco. 36. Anurag Jain appointed as joint Secretary in Prime Minister's Office (PMO) of India.
37. Govt appoints Dinesh Kumar as CEO of Polavaram Project.
38. Arun Duggal appointed as non-executive Chairman of Credit rating agency ICRA. He will replace Pranab Kumar
Choudhury who will resign from ICRA Limited and all other affiliated entities on 29 January 2015.
39. Anil Sinha takes over as new CBI Chief. Mr. Sinha is the third consecutive chief of the agency from Bihar following Ranjit
Sinha and A.P. Singh
The list of Cabinet Ministers:
1. Rajnath Singh: Home Minster 2. Sushma Swaraj: External Affairs & Overseas Indian Affairs 3. Arun Jaitley: Finance Corporate Affairs 4. M. Venkaiah Naidu: Urban Development Housing and Urban Poverty Alleviation & Parliamentary Affairs 5. Nitin Jairam Gadkari: Road Transport and Highways Shipping. 6. Uma Bharati: Water Resources, River Development and Ganga Rejuvenation 7. Dr. Najma A. Heptulla: Minority Affairs 8. Ramvilas Paswan: Consumer Affairs, Food and Public
Distribution 9. Kalraj Mishra: Micro, Small and Medium Enterprises 10. Maneka Gandhi: Women and Child Development 11. Ananthkumar: Chemicals and Fertilizers 12. Ashok Gajapathi Raju: Civil Aviation 13. Anant Geete: Heavy Industries and Public Enterprises 14. Harsimrat Kaur Badal: Food Processing Industries 15. Narendra Singh Tomar: Mines & Steel Labour and Employment 16. Jual Oram: Tribal Affairs 17. Radha Mohan Singh: Agriculture 18. Thaawar Chand Gehlot: Social Justice and Empowerment 19. Smriti Zubin Irani: Human Resource Development
New Appointment in World
1. Sunil Sood to succeed Marten Pieters as Vodafone India CEO
2. Prince Salman bin Abdulaziz became king and Prince Muqrin was declared Crown Prince.
3. South Korean President Park Geun-hye has nominated ruling party lawmaker Lee Wan Koo to replace Prime Minister
Chung Hong-won.
4. Vodafone India appoints Naveen Chopra as Chief Operating Officer
5. Australian PM Tony Abbott survives vote of confidence retained as the Prime minister of Australia again. 6. Ajaypal Singh Banga - Indian-American Ajaypal Singh Banga is appointed as the Member of the Advisory Committee for
Trade Policy and Negotiations (ACTPN), a key administration position in the United States (US). 7. Kanagasabapathy Sripavan appointed as Chief Justice of Sri Lanka.
8. Alexis Tsipras became the Prime Minister of Greece. His party Syrzia won the general elections.
9. Sohail Aman new Pakistan Air Force chief
10. Israeli prime minister Netanyahu defies the polls to seal election win
11. U.S. President Barack Obama has nominated veteran diplomat David Hale as the next ambassador to Pakistan.
12. Tabare Ramon Vazquez Rosas won Uruguay Presidential Election 2014.Vazquez belongs to the leftist Broad Front
coalition party of Uruguay.replaed Jose Mujica who was barred by law from running for a second consecutive term.
14. IBSA Summit 2015 (IBSA = India - Brazil - South Africa) - New Delhi
15. International Buddhist Conference 2014 held in Nepal
16. 9th East Asia Summit held in Nay Pyi Taw, Myanmar
17. 45th International Film Festival of India begins in Goa.
18. The International Renewable Energy Agency, IRENA hold its eighth Council meeting in Abu Dhabi.
19. The World Economic Forum summit held in New Delhi
20. India-Arab League officials meeting held in New Delhi
21. The 10th edition of World Islamic Economic Forum, WIEF held in Dubai. 22. G-4 foreign minister meeting held in New York to discuss Security Council reform
Note: G -4 countries include- India, Brazil, Germany and Japan
23. UN Climate Change Summit 2014 held in New York
24. 13th edition of the Pravasi Bharatiya Divas (PBD) will be held for the first time in Gandhinagar, Gujarat.
1. Twitter buys Indian mobile marketing start-up ZipDial For $30 million to $40 million, as the U.S. microblogging service looks to expand in the world's second-biggest mobile market.
2. Aditya Birla Chemicals merged with Grasim Industries The Board of Directors of Grasim Industries Limited approved the proposed merger of Aditya Birla Chemicals (India) Limited (ABCIL) with Grasim.
3. Anil Ambani led Reliance Communications Ltd (RCOM) has partnered with Facebook to offer free data access to select popular websites for all its customers, existing and new ones.
4. CarDekho.com gets Ratan Tata fund – In a first-of-its kind partnership in the Indian auto space, CarDekho.com announced an investment in the company by Ratan Tata.
5. CSIR-NCL signed MoU with Security Printing and Minting Corporation of India Ltd - The MoU seeks to explore printing innovations. It ascertained the research projects within the focus areas of SPMCIL’s requirements and domain expertise available at CSIR-NCL.
6. Tata Communications has signed a $20 million multi-year deal with Germany-based KION Group to provide global wide area network (WAN) services to the group’s 330 sites across 30 countries.
7. Alibaba and Paytm - Alibaba had signed a deal to buy a 25% stake in Indian mobile payments and ecommerce platform Paytm owner One Communications.
8. Facebook acquired The Find, a nine-year-old company with a search engine that indexes products across thousands of e-
commerce sites.
9. Infosys had signed a five-year agreement with Dutch company TNT to help it simplify and transform its technology
applications.
10. DLF Ties Up With Snapdeal to Sell Flats Online.
11. Snapdeal buys stake in logistics firm GoJavas.
12. Hitachi India, Siemens sign MoU with CII to form a consortium that would create pilots and replicate them throughout the
country for setting up 100 smart cities.
13. Infosys and Accenture have entered the final lap to clinch a Rs 900-crore ($150 million) IT outsourcing contract from
i. Vice-Chairperson: To be appointed by the Prime Minister
ii. Members: Full-time
iii. Part-time members: Maximum of 2 from leading universities research organizations and other relevant institutions in an
ex-officio capacity. Part time members will be on a rotational basis.
iv. Ex Officio members: Maximum of 4 members of the Union Council of Ministers to be nominated by the Prime Minister.
v. Chief Executive Officer : To be appointed by the Prime Minister for a fixed tenure, in the rank of Secretary to the Government
of India.
vi. Secretariat as deemed necessary.
2. PAHAL Scheme
i. More than 60 per cent of LPG customers in the country have joined the ambitious PAHAL scheme for receiving cash subsidy so that they can buy cooking gas (LPG) at market price. ii. Over 9 crore consumers, out of a total customer base of 15.33 crore, have joined the Direct Benefit Transfer for LPG (DBTL) scheme and Rs 2,262 crore in cash has been transfered to them. iii. The DBTL Scheme for LPG consumers (PAHAL) was launched on November 15, 2014 in 54 districts and in the rest of the country on January 1, 2015. iv. The Scheme aims to transfer the subsidy on LPG directly into the bank accounts of over 15 crore LPG consumers.
3. Beti Bachao-Beti Padhao i. The ‘Beti Bachao-Beti Padhao’ scheme, which seeks to address gender imbalance and discrimination against the girl child, was launched by Prime Minister Narendra Modi at Panipat in Haryana. ii. Mahendergarh and Jhajjar districts of Haryana are badly effected with imbalanced Sex ratios where there are just about 775 girls for 1,000 boys, the lowest in India. 'Aapki Beti Humari Beti' scheme launched in Haryana - Haryana chief minister Manohar Lal Khattar launched a scheme for
girl child - 'Aapki Beti Humari Beti' - with an aim to combat the problem of declining child sex ratio in the state.
Sukanya Samriddhi Accounts -
i. Rate of interest 9.1% Per Annum(2014-15),calculated on yearly basis ,Yearly compounded.
ii. Minimum INR. 1000/-and Maximum INR. 1,50,000/- in a financial year. Subsequent deposit in multiple of INR 100/-
Deposits can be made in lump-sum No limit on number of deposits either in a month or in a Financial year
iii. Account can be opened up to age of 10 years only from the date of birth.
iv. If minimum Rs 1000/- is not deposited in a financial year, account will become discontinued and can be revived with a
penalty of Rs 50/- per year with minimum amount required for deposit for that year.
v. Partial withdrawal, maximum up to 50% of balance standing at the end of the preceding financial year can be taken
after Account holder’s attaining age of 18 years.
vi. Account can be closed after completion of 21 years.
4. Amrut Mahotsav - The year 2022, 75th year of Independence
Vision for “Team India” led by PM
i. Basic facility of 24x7 power, clean drinking water, a toilet and road connectivity. ii. Housing for all - 2 crore houses in Urban areas and 4 crore houses in Rural areas.
iii. At least one member has access to means for livelihood. iv. Substantial reduction in poverty. v. Electrification of the remaining 20,000 villages including off-grid Solar Power- by 2020.
vi. Connecting each of the 1,78,000 un-connected habitation. vii. Providing medical services in each village and city.
viii. Ensure a Senior Secondary School within 5 km reach of every child, while improving quality of education and learning outcomes.
ix. To strengthen rural economy - increase irrigated area, improve the efficiency of existing irrigation systems, and ensure value addition and reasonable price for farm produce.
x. Ensure communication connectivity to all villages. xi. To make India, the manufacturing hub of the World through Skill India and the Make in India Programmes.
xii. Encourage and grow the spirit of entrepreneurship - to turn youth into job creators. xiii. Development of Eastern and North Eastern regions on par with the rest of the country.
complement the Prime Minister’s Make In India campaign.
15. Union Ministry of Science & Technology announces “KIRAN”( Knowledge, Involvement, Research, Advancement through
Nurturing) scheme for Women Scientists
Objectives:-
i. To increase the number of women researchers in India.
ii. Provide Research grants particularly to those female researchers and technologists who had to take a break in career
owing to household reasons.
iii. Bring about, as far as achievable, gender parity in the field of science and technology.
16. Government will soon launch Universal Health Assurance Mission to provide affordable health services to people.
Under the mission about 50 essential drugs with a diagnostic package and 30 AYUSH drugs will be made available to all
citizens at government hospitals and health centers across the country.
17. Bhamashah Financial Empowerment Scheme – Government of Rajasthan
The Government of Rajasthan has embarked upon Bhamashah Financial Empowerment Scheme, (BFES) whereby the
Government will deposit Rs.1500/- into the savings accounts of 50 lakh rural families belonging to Below Poverty Line
(BPL)
18. Rashtriya Swasthya Bima Yojana: RSBY started rolling from 1st April 2008.
Note: i. RSBY has been launched by Ministry of Labour and Employment, Government of India to provide health insurance
coverage for Below Poverty Line (BPL) families.
ii. The objective of RSBY is to provide protection to BPL households from financial liabilities arising out of health shocks
that involve hospitalization.
iii. Beneficiaries under RSBY are entitled to hospitalization coverage up to Rs. 30,000/- for most of the diseases that
require hospitalization.
19. National Pension System -: Government of India established Pension Fund Regulatory and Development Authority
(PFRDA)- External website that opens in a new window on 10th October, 2003 to develop and regulate pension sector in
the country.
The National Pension System (NPS) was launched on 1st January, 2004 with the objective of providing retirement
income to all the citizens.
Note:
i. Under Swavalamban Scheme- External website that opens in a new window, the government will contribute a sum
of Rs.1,000 to each eligible NPS subscriber who contributes a minimum of Rs.1,000 and maximum Rs.12,000 per annum.
This scheme is presently applicable upto F.Y.2016-17.
ii. The subscriber will be allotted a unique Permanent Retirement Account Number (PRAN). This unique account number
will remain the same for the rest of subscriber's life. This unique PRAN can be used from any location in India.
20. Aajeevika - National Rural Livelihoods Mission (NRLM) was launched by the Ministry of Rural Development (MoRD),
Government of India in June 2011. The basic idea behind this programme is to organize the poor into SHG (Self Help
Groups) groups and make them capable for self-employment.
21. Indira Awas Yojan: It is one of the major flagship programs of the Rural Development Ministry to construct houses for
BPL population in the villages
Note: i. The financial assistance provided for new construction in the form of full grant is Rs.70,000/- per unit for plain
areas & Rs.75,000/- for hilly/difficult areas.
ii. Further, an IAY beneficiary can avail top-up loan upto Rs 20,000/- under the Differential Rate of Interest (DRI Scheme)
from any Nationalized Bank at an interest rate of 4% per annum.
22. Govt re-launches Varishtha Pension Bima Yojana: The government has re-launched the Varishtha Pension Bima Yojana, for the benefit of citizens aged 60 years and above. Note: It will provide monthly pension ranging from 500 to 5,000 rupees per month to senior citizens of the country. ii. The Scheme will be administrated by the Life Insurance Corporation, LIC.
23. National rural scheme on PPP model launched: Rural Development Minister Nitin Gadkari launched the Shyama Prasad Mukherjee National Rural Mission on PPP model with an allocation of 100 crore rupees. Note: The scheme will be initially available in three districts of the country on pilot basis. The districts are Warangal in Andhra Pradesh and two districts in Maharashtra. ii. The scheme is intended to stop migration from rural areas to cities. The government wants to create infrastructure in villages so that people can get employment there and do not migrate to cities.
Best Playback (Male) Haider (Hindi) ,Sukhwinder Singh (Song:
Bismil)
Ankit Tiwari NA
Best Playback (Female) Saivam (Tamil)
Uttara Unnikrishanan (Song: Azhagu)
Kanika Kapoor NA
Best Feature Film Court NA NA
Best Popular Film Providing
Wholesome Entertainment
Mary Kom (Hindi)
NA NA
Best Choreography Haider (Hindi) (Bismil) NA NA
Note – NA denotes that the awards are not presented in this category.
3. The President's Office conferred the Bharat Ratna award to Pandit Madan Mohan Malaviya (posthumously) and former Prime Minister Atal Bihari Vajpayee .
4. Poet Arundhathi Subramaniam won the inaugural Khushwant Singh Memorial Prize for Poetry for her work When God is a Traveller.
5. Major Mukund Varadarajan, Naik Neeraj Kumar Singh posthumously awarded with Ashok Chakra 6. Rajendra Singh named as the 2015 Stockholm Water Prize Laureate
7. Miss Colombia Paulina Vega - crowned Miss Universe, beating out first runner-up Miss USA Nia Sanchez and contestants
from more than 80 other countries.
8. WEF names Smriti Irani as Young Global Leader from India
9. Harvard University retains top position in Times’ World Reputation Rankings 2015
Top 3 Universities in World Reputation Rankings 2015 are:
I. Harvard University (US).
II. University of Cambridge (UK).
III. University of Oxford (UK).
10. Prime Minister Narendra Modi named among 30 most influential people on internet: Time Magazine
11. Savitri Jindal among five Indian women on Forbes billionaires list
12. Rani Mukerji - awarded by National Institute of Gender Justice for representing the cause of women.
13. Rahul Jindal – The Indian-American physician selected for Fulbright Nehru Distinguished Chair
14. Niloofar Rahmani, Nadia Sharmeen and Tabassum Adnan - selected for International Women of Courage Award -
Shashi Kapoor conferred Dadasaheb Phalke Award for 2014.
15. Economist and Nobel laureate Amartya Sen has won the newly instituted Charleston-EFG John Maynard Keynes Prize. 16. Madhya Pradesh gets national award for excellent work in MGNREGA
i. Madhya Pradesh has been awarded the 10th national award for excellent work in Mahatma Gandhi National Rural Employment Guarantee Act-MGNREGA. ii. 74 percent construction of permanent assets has been done through MGNREGA in the state.
17. TVS Chairman Venu Srinivasan conferred honorary citizenship of Busan,Korea for his efforts to enhance friendship and
cooperation between India and Republic of Korea.
18. Veteran Pakistan-born poetess Imtiaz Dharker awarded with the Queen’s Gold Medal for Poetry 2014 for her latest
poetry collection Over the Moon.
19. ‘The Lunchbox’ honoured by Toronto film critics at 18th
annual Toronto Film Critics Association (TFCA) awards in
20. Tata Steel chosen among 100 most valuable brands in 2014 by World
Consulting & Research Corporation (WCRC).
21. PETA India names ex-SC judge KS Radhakrishnan ‘Man of the
Year’.And Bollywood actress Jacqueline Fernandez named as ‘Woman
of the Year’.Justice Radhakrishnan headed a bench that passed a
landmark judgement in favour of PETA India and the Animal Welfare
Board of India, clarifying that bulls must not be used in jallikattu, bull
races.
22. Xu Youyu ,Pro-democracy activist, of China won Olof Palme Human
Rights Prize for the year 2014 for his strong-principled work for
democracy, social justice, human rights and freedom of speech which
has universal meaning.The award given annually by the Stockholm-
based Olof Palme Memorial Fund of Sweden.
23. Modi wins TIME readers’ poll for ‘Person of the Year’.
24. Narndra Modi named 'Asian of the Year' by Singapore's Straits
Time.
25. Canara Bank has been conferred with the Niryat
Bandhu Silver Trophy in the in the banks category for its support
services rendered for promotion of exports.
26. Entrepreneur of the Year - Dhiraj Rajaram and Chandra Shekhar
Ghosh
The award was sponsored by Standard Chartered Bank. Since 2012,
Standard Chartered Bank has been the presenting sponsor of The
Economic Times Awards for Corporate Excellence.
27. Russian film “Leviathan” by Andrey Zvyagintsev won the best film award comprising Golden Peacock and Rs.40 lakh at the
45th International film Festival of India.
ii. Mr. Alexey Serebryakov from the “Leviathan” also shared the best male actor award in the Cimena of the World
competition.
28. Trilochan Sastry, Professor in Quantitative Methods and Information Systems, Indian Institute of Management Bangalore
(IIMB), has been awarded the 11th ‘Bharat Asmita’, an honour instituted by the Pune-based MIT group of institutions.
29. Sarbananda Sonowal the 2010 Commonwealth Games gold-medalist, was bestowed with the honour in a function
organised in the National capital.
30. United Nations (UN) Women announced the appointment of Indian tennis superstar and youth icon, Sania Mirza, as its Goodwill Ambassador for South Asia. The organisation is dedicated to gender equality and women’s empowerment.She became the first South Asian woman to be appointed as a Goodwill Ambassador.
31. Aaranyak, an Assam-based NGO working for the conservation of nature and a Kathmandu-based International Centre for Integrated Mountain Development (ICIMOD) won United Nations Lighthouse Activities award for the year 2014.
32. Lahore-based author Bilal Tanweer on 24 November 2014 won the 2014 Shakti Bhatt First Book Prize for his novel The Scatter Here Is Too Great (Random House India).
33. Indira Gandhi prize for peace, disarmament for 2014: Indian space agency ISRO conferred the Indira Gandhi Prize for
Peace, Disarmament and Development for 2014 in recognition of its contribution in strengthening international
cooperation in peaceful use of outer space.
34. Rubber Board wins Indira Gandhi Rajbhasha Award: The Department of Official Language under Ministry of Home
Affairs has selected Rubber Board for the Indira Gandhi Rajbhasha Award (First Prize) for excellence in the
implementation of the official language policy for the year 2013-14.
35. Raghuram Rajan conferred Euromoney's Central Bank
1. Sujatha Singh was ousted by the Indian government as
the foreign secretary of India.
2. Union Minister Dadarao Danve resigns
3. Lalit Modi removed from Rajasthan Cricket Association
4. Jeetan Ram Manjhi resigned as the chief minister of
Bihar.
5. Anil Goswami - removed from the post of home secretary. Note - Goswami was also summoned for an explanation on why he tried to intervene and prevent
the arrest of Matang Sinh, former minister of state in the Prime Minister's Office, in the Saradha scam.
6. Isro chairperson K Radhakrishnan retires -
Spearheading Indian Space Research Organisation
triumphantly through several milestones.
7. Indian Hockey coach Terry Walsh quits
8. Leela Samson resigned as Sangeet Natak Akademi
chairperson
Books & Their Authors
1. Pakistan's Ex-Foreign Minister Khurshid M Kasuri
penned 'Neither a Hawk nor a Dove'
2. Former Lok Sabha Speaker Meira Kumar’s book
entitled “Indian Parliamentary Diplomacy –
Speaker’s Perspective” was released.
3. PM Narendra Modi launched Born Again on the
Mountain by Arunima Sinha
4. Prince of Gujarat: The Extraordinary Story of
Prince Gopaldas Desai released authored by
Rajmohan Gandhi.
5. Rajdeep Sardesai penned the book titled 2014: The
Election That Changed.
6. Book titled Letters for a Nation written by
Jawaharlal Nehru & Madhav Khosla was published
by Allen Lane an imprint of Penguin Books .
7. Next China-India War- World's First Water War –
authored by General S. Padmanabhan released.
8. The book titled Black Tornado: The Three Sieges of
Mumbai 26/11 authored by Sandeep Unnithan.
9. President of India Pranab Mukherjee penned a book
titled The Dramatic Decade: The Indira Gandhi
Years.published by Rupa.
10. Biography My Name is Abu Salem released written
by S Hussain Zaidi and published by Penguin.
11. 'Playing it My Way': Author - Sachin Tendulkar &
Boria Majumdar
Note: Playing It My Way is the autobiography of
former Indian cricketer Sachin Tendulkar.
12. “Half Girlfriend” - written by Chetan Bhagat
13. “The Narrow Road to the Deep North” authored by
Richard Flanagan
14. “Untold Story of Indian Public Sector” - authored by
Dr UD Choubey,
15. “Final Test: Exit Sachin Tendulkar” authored by Dilip
D’Souza
16. “A Man and a Motorcycle, How Hamid Karzai Came
to Power”: written by Bette Dam
17. And Then One Day: Naseeruddin Shah's
autobiography
18. God of Antarctica written by Yashwardhan Shukla:
19. “One Life is Not Enough” : written by Kunwar Natwar Singh Note: The book is an autobiography of the former External Affairs Minister and senior Congress Party leader Natwar Singh.
20. A book “Munger through the Ages” authored by late Devendra Prasad Yadav
21. The Lives of Others” a novel written by: Neel Mukherjee Note: Novel is short listed for the prestigious Man Booker Prize 2014.
22. The Substance and the Shadow: written by Uday Tara Nayar, a former journalist. Note: The Substance and the Shadow, the biography of 91-year-old actor Dilip Kumar.
23. Blood Feud written by Edward Klein 24. A Bad Character: authored by Deepti Kapoor. 25. The Good, the Bad and the Ridiculous - Khuswant
Singh 26. Train To Pakistan - Khuswant Singh 27. An Uncertain Glory: India and its Contradictions - Jean
Dreze and Amartya Sen. 28. A Brush with Life- Satish Gujral 29. A Bend in the river- V.S. Naipaul 30. God of Small things- Arundhati Rai 31. Inheritance of Loss- Kiran Desai. 32. Joseph Anton- Sulman Rushdie (Autobiography) 33. “Khushwantnama-The Lessons of My Life “ –
Khushwant singh 34. Lajja- Taslima Nasrim. 35. My Unforgettable Memories-Mamata Banerjee 36. My Years with Rajiv and Sonia written by R.D.Pradhan 37. ModiNomics: Inclusive Economics, Inclusive
Governance: authored by Sameer Kochhar. 38. Crusader or Conspirator? Coalgate and other Truths
39. The Accidental Prime Minister: The Making and Unmaking of Manmohan Singh authored by Dr. Sanjaya
Baru
Leader’s visited India/World
1. Bangladesh President Abdul Hamid arrives in Kolkata on a six-day official visit during which he held talks with the
Indian leadership with an aim to further strengthen the already close bilateral relations between the two countries.
2. Tamim bin Hamad Al Thani emir of Qatar visited India from March 24-25, 2015
3. Maithripala Sirisena, President of Sri Lanka visited India February 15-18, 2015
Significance - First foreign visit of the Sri lankan President after taking office on 9 January 2015
4. Nguyen Tan Dung: Vietnam Prime Minister visited India
5. US president Barack Obama visited India in the late January.
6. Mark Zuckerberg: Facebook founder visited India
7. Amazon founder Jeff Bezos visited India.
8. Frank Walter: Foreign Minister of Germany visited India
9. Australian PM Tony Abbott to visited India
10. Chinese President Xi Jinping visited India 11. President of India Pranab Mukherjee visited Vietnam 12. Sushma Swaraj visited Bahrain 13. Sushma Swaraj visited Nepal
OBITUARY 1. Former Australian PM Malcolm Fraser has died aged
84.
2. Singapore founding father Lee Kuan Yew dead
3. Sh. Jaswant Singh Rajput - Two-time gold medal
winning hockey Olympian passed away.
4. Sh. Rasipuram Laxman - Eminent cartoonist,
illustrator and humorist R.K.Laxman passed away in
Pune. (Uncommon Man is the popular character
created by Mr. Laxman.
5. Saudi King Abdullah passes away was the powerful U.S. ally who joined Washington’s fight against al-Qaeda, has died, He was 90.
6. Charles Townes died - Townes shared the 1964 Nobel Prize in physics with Russian physicists Aleksandr M. Prokhorov and Nicolai G. Basov for the invention of the Laser
13. Senior Congress leader, former Maharashtra Chief
Minister, A R Antulay passed.
14. Crime novelist PD James died at the age of 94.
15. Historian Tapan Raychaudhuri died.
16. Legendary Kathak danseuse Sitara Devi died
17. Warren Anderson, wanted in Bhopal gas tragedy,
dies.
Sports News
Chess -
� Viswanathan Anand beats Micheal Adams to win London Classic.
Tennis:
� Australian Open - i. Novak Djokovic won his fifth Australian Open crown, beating Andy Murray. ii. Serena Williams defeated Maria Sharapova 6 – 0, 7 – 6 to win the Australian open. iii. Leander Paes and Martina Hingis won their first major outing as a pairing and defeated the third seeds, France’s Kristina Mladenovic and Canadian Daniel Nester, 6-4, 6-3.
� BNP Paribas Open –
i. Men's Singles - Novak Djokovic defeated Roger Federer, 6–3, 6–7(5–7), 6–2
ii. Women's Singles - Simona Halep defeated Jelena Janković,
2–6, 7–5, 6–4
iii. Men's doubles
iv. Vasek Pospisil / Jack Sock defeated Simone Bolelli / Fabio
Fognini, 6–4, 6–7(3–7), [10–7]
v. Women's doubles
vi. Martina Hingis / Sania Mirza defeated Russia Ekaterina Makarova / Russia Elena Vesnina, 6–3, 6–4
HOCKEY
2015 Hockey India League: � Ranchi Rays defeated Jaypee punjab Warriors 2;2(3;2 in penalty shoot out) � Most Goals were done by Ashley Jackson (11)
Women’s Hockey World League
� India won the final of the Hero women’s Hockey World League Round 2 with a margin of 3-1 against Poland at the
Major Dhyan Chand National Stadium.
CRICKET
CRICKET WORLD CUP 2015
� Australia defeated Newzealand in the finals of the cricket world cup 2015 by 7 wickets.
� The finals were played at the Melbourne cricket ground.
� Australia defeated India and Newzealand defeated South Africa respectively in the Semi finals of the world cup.
� Most Runs – Martin Guptill (New Zealand) 547 runs.
� Most wickets – Mitchell Starc (Australia) 22 wickets and Trent Boult (Newzealand) 22 wickets.
� Man of the tournament – Mitchell Starc (Australia)
� Man of the finals – James Faulkner (Australia)
� Karnataka clinch eighth Ranji Trophy title. They defeated Tamil Nadu to retain the Ranji Trophy.
� East Zone lifts Deodhar Trophy cricket tournament, beating West Zone by 24 runs at the Wankhede Stadium in
Mumbai .
� Martin Guptill double ton powers New Zealand to massive win over West Indies. Earlier in the same tournament Chris
Gayle scored a mammoth 215 aginst West Indies.
� Steven Finn completed the hat trick against Australia while J P Duminy took the other hat trick of this world cup
against Sri Lanka.
� West Indies all-rounder Dwayne Bravo has announced his retirement from Test cricket. � ICC ends Amir’s ban - In a major breakthrough, the ICC has allowed Pakistan fast bowler Mohammad Amir to return to domestic cricket early from his five-year ban for involvement in spot-fixing. � Australian cricketer Sean Abbott won Bradman young cricketer of the year award 2015. � Mahela Jayawardene and Kumar Sangakkara bid adieu to ODI cricket
� Pakistani cricketers Misbah-ul-Haq, Shaid Afridi retired from ODI cricket
ICC World Cup Cricket Venue: ODI: (One day International): 1. Australia & New Zealand: 2015. 2. England - 2019 3. India - 2023
� T20: 2. India -2016 3. Australia - 2020
� Test: 1. England– 2017 (for first time). 2. India - 2021.
1. 2014 winter: Sochi (Russia) – Russia tops in the medal tally in 2014 winter Olympic games. 2. 2016 Summer: Rio de Janeiro (Brazil) 3. 2018 winter: Pyeongchang (South Korea) 4. 2020 summer: Tokyo (Japan)
OTHERS SPORTS NEWS: 1. Services win fourth Santosh Trophy title after edging out hosts Punjab 5-4 via tie-breaker in a nail-biting summit clash at
Guru Nanak Stadium in Ludhiana
2. France win record fifth world handball title i. France has became the first team in handball history to win five World Championships. ii. In the finals, they defeated hosts and surprised finalists Qatar.
3. National Games mascot Ammu, the Great Hornbill, has immortalised itself by finding a mention in the Limca Book of Records. The Great Indian Hornbill, had been staged in 147 schools.
4. Mascot for the 2016 European football championship named Super Victor.The name for the cartoon character boy
dressed as a footballer in blue and white with a red cape and number 16 jersey was preferred to Driblou and Goalix. Euro
2016 will take place in France from 10 June 2016 to 10 July 2016.
5. Ms Deborah, a tribal girl from Andaman and Nicobar Islands has created history in National Level by winning four Gold
Medals in the Track Asia Cup Cycling Championship 2014 which concluded at Indira Gandhi Stadium, New Delhi.
6. Michael Phelps was crowned Male Athlete of the Year at the 2014 USA Swimming Golden Goggle Awards. He was crowned
with the title for a fifth time.Earlier, he won the title in 2004, 2007, 2008 and 2012. He was awarded with the title despite
being suspended from competition for six months after a drunken driving arrest in September 2014.
7. International Olympic Committee (IOA) President Thomas Bach has welcomed the U.S. decision to bid for the 2024 Games.
News Related To Defence & Technology 1. INCOIS launches app for fishermen - The app is developed by the Hyderabad-based Indian National Centre for Ocean
Information Services (INCOIS) Marine Fishery Advisory Services team
2. India’s indigenously developed Beyond Visual Range (BVR) air-to-air missile Astra was successfully tested from a Sukhoi-
30 fighter aircraft.
3. HAL completed integration of BrahMos thermonuclear cruise missile with Sukhoi-30MKI after over two years of work,
modifying the Russian-made aircraft.
4. NASA launches Earth-observing satellite to track the amount of water locked in soil, which may help residents in low-lying regions brace for floods or farmers get ready for drought conditions. ii. A Delta 2 rocket carrying Soil Moisture Active Passive (SMAP) satellite was launched from Vandenberg Air Force Base on California’s central coast.
5. India successfully test-fired its indigenously developed, intercontinental surface-to-surface nuclear capable ballistic missile Agni-5, which has a strike range of over 5000 kms and can carry a nuclear warhead of over one tonne, from Wheeler’s Island off Odisha Note - About AGNI Series - India has at present in its armoury of Agni series, Agni-1 with 700 km range, Agni-2 with 2000 km range, Agni-3 and Agni-4 with 2500 km to more than 3500 range. After a few more trials, Agni-5 will be inducted into the services.
6. SpaceX Falcon 9 rocket successfully launched from Florida i. Unmanned SpaceX Falcon 9 rocket has been successfully launched from Cape Canaveral Air Force Station, Florida on its third attempt. ii. It was carrying unmanned Deep Space Climate Observatory satellite. This satellite will be used by the US National Oceanic and Atmospheric Administration (NOAA) to monitor the Sun.
7. Indian Navy had conducted Humanitarian Assistance and Disaster relief (HADR) exercise in Lakshadweep Islands (Kavaratti, Aggatti, Kalpeni and Androth). HADR was Indian Navy’s large scale exercise to test its readiness for handling a tsunami like disasters.
8. Cisco Systems picks Visakhapatnam as first ‘smart city' i. Visakhapatnam will be the first city to be taken up for development as a ‘smart city’ by Cisco Systems, the global IT networking major and the implementing company. ii. Cisco has also evinced interest in working on disaster management technologies as the state is hit by at least two cyclones every year.
9. Microsoft unveils Windows 10 and ‘HoloLens’. i. Microsoft unveiled new version of Windows and a new wearable 3D gadget it calls the HoloLens. ii. Windows 10 will also come with a new Web browser that will be closely integrated with Cortana, the company’s voice-activated answer to Siri.
10. India’s communication satellite GSAT-16 launched from Kourou in
French Guiana functioning normally. GSAT 16 has highest number of
48 transponders that will be used for television, telephone and internet
applications.
11. Imaging and information technology solutions provider Ricoh India
signed a deal worth Rs. 1,370 crore from Department of Posts to
modernise post offices through automation.
i. Under the project, Ricoh India will supply, install and maintain services of hardware, peripheral devices and operating system. ii.The primary goal of the Rural ICT project is to improve the quality of
service, provide more value added services and achieve ‘financial
inclusion’ of un-banked rural population. Note: “India Post is an iconic
organisation in India, the largest such network in the world and playing
a crucial role in the socio economic development of rural India, touching the lives of common man.
12. ISRO successfully launches GSLV Mark-III - ISRO successfully carries out human crew module experiment; module
safely splashes down into Bay of Bengal off Andaman and Nicobar Islands.Also known as LVM3/CARE, this suborbital
experimental mission was intended to test the vehicle performance during the critical atmospheric phase of its flight and
this carried passive (non functional) cryogenic upper stage.
India's Mars mission successful on 1st attempt: India's first Mars orbiter successfully began a 400 million-km long journey
to Mars, making it the first Asian country and the fourth in the world to undertake a mission to the red planet.
Important Points.
� Dr. K. Radhakrishnan – ISRO Chairman
� Mylswamy Annadurai is the Director of Mar’s Mission.
� India's MOM is the cheapest inter-planetary mission, costing of Rs 450 Crore ($671 million) entered the Martian orbit on
24 September 2014.
� The Mars Orbiter Mission (MOM), also called Mangalyaan, is India’s first interplanetary mission to the planet Mars.
� India becomes the first country in the world to insert a spacecraft into the Martian orbit in its very first attempt.
� Mars Orbiter Spacecraft, India's first interplanetary probe, was launched by PSLV-C25 on November 5, 2013 from Satish
Dhawan Space Centre, Sriharikota.
� Indian Space Research Organisation (ISRO) becomes the fourth space agency to reach Mars after Roscosmos (Russia),
NASA (USA) and ESA (European).
� The first Chinese mission to Mars, called Yinghuo-1, failed in 2011.
� The project was approved by the government of India on 3 August 2012 and costs Rs. 450 crores.
� MOM is the cheapest and lowest-cost inter-planetary mission ever to be undertaken in the world. It cost us all a mere Rs 4
per person
Missiles in use of Indian Army: � Prithvi I - 150km - Surface to – Surface short range ballistic
missile. � Prithvi II - 350km � Prithvi III - 350km - 600km � Agni I - 700km -1250km Surface to – Surface short range ballistic missile. � Agni II - 2000km -3500km � Agni III - 3500km -5000km � Agni IV - 3000km -4000km � Agni V - 5500km -5800km � Agni VI - 8000km -3500km � Akash- 30 km Headquarter of International Organisation
International Organizations Headquarters
UNO (United Nations Org) New York
UNICEF New York
UNCTAD (United Nations Conference on Trade & Development)
Geneva
WHO (World Health Org) Geneva
ILO (International Labour Org) Geneva
WMO (World Meteorological Org) Geneva
World Intellectual Property Org Geneva International Standards Org. Geneva
IMF (International Monetary Fund) Washington DC
World Bank Washington DC
UNESCO (United Nations Educational Scientific and Cultural Org)
Paris
OECD (Org. for Economic Cooperation and Dev.) Paris
UNIDO (United Nations Industrial Dev. Org)
Vienna
IAEA (International Atomic Energy Vienna
Agency) OPEC (Organization of Petroleum Exporting Countries)
Vienna
Amnesty International London
Commonwealth of Nations London IMO (International Maritime Organization)
London
ICJ (International Court of Justice) The Hague FAO (Food and Agricultural Organization)
Rome
NATO (North Atlantic Treaty Organization)
Brussels
Transparency International Berlin
SAARC (South Asian Association for Regional Coop.)
Kathmandu
ASEAN (Association of South East Asian Nations)
Jakarta
APEC (Asia Pacific Economic Forum) Singapore
Organization of Islamic Cooperation Jeddah
Thermal Power plants (TPS) in India: � Mundra TPS, Kutch, Gujarat � Vindhyachal TPS, Singrauli, Madhya Pradesh � Talcher Super TPS, Angul, Odisha � Sipat TPS, Bilaspur , Chhattisgarh � Korba Super TPS, Chattisgarh � Rihand TPS, Sonebhadra, Uttar Pradesh � Jharsuguda TPS, Odisha � Tiroda TPS, Maharashtra
� Anpara TPS – Uttar Pradesh � Barauni TPP – Bihar � Bellary TPP – Karnataka � Durgapur TPP – West Bengal � Sikka TPS – Gujarat � Satpura TPS – Madhya Pradesh � Singrauli Super Thermal Power Station – UP � Wanakbori TPS - Gujarat
• Rajasthan atomic power plant: Rawatbhatta, Rajasthan (India & Candada)
• Tarapur atomic power plant – Maharashtra (India & US)
• Kakarpar atomic power plant - Gujarat
• Madras atomic power plant - Tamilnadu
• Kaiga atomic power plant - Karnataka
• Kundankullam : in Tirunelveli district, Tamil Nadu (India & Russia)
• Jaitapur Nuclear Power Plant - Ratnagiri district in Maharashtra (India & France)
Largest Dams in India: � Tehri Dam: on Bhagirathi River, Uttarakhand � Lakhwar Dam on Yamuna river, Uttrakhand � Iduuki Arch Dam – on Periyar river, Kerala � Koyna Dam – on Koyana river, Maharshtra � Bhakra nangal Dam: on Sutlej River, Punjab and Himachal
Pradesh. � Sardar Sarovar Dam: on Narmada River, Gujarat � Srisailam dam: on Krishna River, Andhra Pradesh � Ranjit Sagar Dam: on Rav river, Punjab � Baglihar Dam: on Chenab river , J& K
� Cheruthoni (Eb) Dam: on Cheruthoni, Kerala � Hirakud Dam: on Mahanadi River, Orissa � Nagarjuna sagar Dam: on Krishna River, Andhra Pradesh � Indira SagarDam: on Narmada River, Madhya Pradesh � Ukai Dam: on Tapi river, Gujarat � Maithon Dam: on Barakar river, Jharkhand � Krishnarajsagar Dam: on kaveri river, Karnataka � Mettur Dam: on Kaveri River, Salem district in Tamil
Nadu � Tungabhadra Dam – on Tungabhadra rive, Karnataka
Folk dances in India � Changu: Odissa and Andhra Pradesh � Gair: Rajasthan. � Garba, Dandiya Rass: Gujarat � Ghoomar: Rajasthan. � Karagam: Tamil Nadu. � Dumhal: Kashmir.
Classical dances in India � Kathak: Uttar Pradesh. � Bihu: Assam � Bharat Natyam: Tamil Nadu � Kuchipudi: Andhra Pradesh.
� Kathakali: Kerala. � Chhau: Orissa, Bihar and West Bengal � Bhangra: Punjab. � Khantumm - Mizoram
Important Wildlife Sanctuary in India � Kaziranga Wildlife Sanctuary - Assam � Manas Wildlife Sanctuary - Assam � Gir National Park & Wildlife Sanctuary- Gujarat � Sundarbans National Park - West Bengal � Periyar National Park and Wildlife Sanctuary – Kerala � Kanha National Park - Madhya Pradesh � Bandhavgarh National Park - Madhya Pradesh
� Ranthambore National Park & Wildlife Sanctuary - Rajasthan
� Bharatpur Bird Sanctuary - Rajasthan � Tal Chappar Wildlife Sanctuary - Rajasthan � Sariska Wildlife Sanctuary - Rajasthan � Chilka Lake Bird Sanctuary – Odissa � Nandankanan Zoo – Odissa � Corbett National Park - Uttrakhand
List of Chief Ministers of States in India
State & Union Territory : [Capital] Chief Minister Note
Andhra Pradesh : [Hyderanbad] N. Chandrababu Naidu New Capital – Vijaywada propsed
Venezuela Caracas Bolivar Australia Canberra Australian
Dollar Fiji Suva Fiji Dollar New Zealand Wellington New Zealand
Dollar Papua New Guinea Port Moresby Kina
Important Days
Sr. no.
DATE DAY
1. 12th January
National Youth day (Birthday of Vivekananda).
2. 15th January
Army day.
3. 24th Jan National Girl Child Day. 4. 25th
January National tourism day/ Voters day
5. 30th National Martyrs day & World anti
January Leprosy Day 6. 4th Feb World Cancer Day. 7. 28th Feb National science day 8. 8th March International women day 9. 9th March World Kidney day 10. 15th
16. 2 April World Autism Awareness Day 17. 7th April World Health day 18. 21st April Civil service day 19. 22nd April World Earth day 20. 24th April Panchayat Divas 21. 1st May International Labour day 22. 3rd May World Press Freedom Day 23. 11th May National Technology day 24. 21st May Anti Terrorism day (Death day of
Rajiv Gandhi) 25. 31st May Anti Tobacco day (No smoking day) 26. 5th June World Environment day 27. 1st July Doctors day 28. 11th July World population day 30 6th August Hiroshima day 31. 9th August Nagasaki day
32. 12th August
International youth day
33. 29th August
National Sports day (Birthday of Dhyan Chand)
34. 5th Sept Teachers day 35. 8th Sept World Literacy day 36. 14th Sept Hindi Divas 37. 15th Sept Engineers day 38. 16th Sept Ozone day 39. 2nd Oct International Non-violence day 40. 8th Oct Air force day 41. 9th Oct World post day 42. 24th Oct United nation day 43. 17th Nov Students day 44. 18th Nov Adults day 45. 19th Nov Citizens day 46. 27th Nov National law day 47. 1st Dec AIDS day 48. 4thDec Navy day 49. 10thDec Human Rights day 50. 14th Dec National Energy Conservation Day. 51 24 Dec National Consumers Rights Day
ABBREVIATION IN NEWS
1. OLTAS - On-line Tax Accounting System (OLTAS) for
Direct Taxes
2. TIN - Tax Information Network (TIN)
3. IMPS - Interbank Mobile Payment Service (IMPS).
Commission 33. CRAR: Capital to Risk-weighted Assets Ratio 34. SWIFT: Society for Worldwide Interbank Financial
Telecommunication 35. DEAF: Depositor Education and Awareness Fund 36. NEFT - National Electronic Funds Transfer 37. DICGC : Deposit insurance and credit guarantee
corporation. 38. FCNR(B) - Foreign Currency Non-Resident Bank 39. LCR: Liquidity Coverage Ratio 40. IMPS: Interbank Mobile Payment Service 41. TARC - Tax Administration Reform Commission 42. LRMT: Liquidity risk monitoring tools 43. ECB - External Commercial Borrowings 44. MIBOR: Mumbai Inter-Bank Offer Rate 45. LIBOR: London Inter-Bank Offer Rate 46. LAF – Liquidity Adjustment Facility 47. GIRO - Government Internal Revenue Order 48. FRBMA: Fiscal Responsibility and Budget
Management Act 49. AMFI- Association of Mutual Fund in India. 50. TIEA – Tax Information exchange Agreement 51. FTA- Free trade agreement 52. GAAR - General anti avoidance rule 53. GSLV - Geo-Synchronous Launch Vehicle 54. NCTC - National Counter-Terrorism Centre 55. NSG – Nuclear Suppliers Group
General Awareness & Computer Questions of NIACL,UIICL,NABARD & LIC 2015
1. NATO headquarters - Brussels 2. National Youth Day personality - Swami Vivekanand 3. J.P Nadda - Health Minister 4. Madan Mohan Malviya newspaper - Hindustan Times 5. Gyan Sangam Retreat held in - Pune 6. National Health Day - April 7 7. AB de villers fastest 150 against in ODI against - West
Indies 8. Tax abolished in Budget 2015 - Wealth Tax 9. CNG train route besides Rewari-Rohtak: Rewari and
Bikaner 10. Economic Survey 2015-16 prepared by - Aravind
Subramaniam and team 11. NITI Aayog vice-chairman: Arvind Panagriya 12. T-20 world cup 2016 venue: India 13. Iraq capital: Baghdad 14. Latest Euro member: Lithuania 15. First chairmanship in New Development Bank: India
16. Foreign Secretary - S. Jaishankar
17. Headquarters of UNICEF - New York
18. World Cup Venue – Australia & New Zealand
19. Ramdev Baba Ambassador of which state- Haryana
20. Banks borrow money from RBI at which rate- Repo
Rate
21. Payment bank on whose recommendation- Nachiket
More Committee
22. Card less started by which bank- ICICI
23. Largest stock exchange- New York
24. Swift started by which country- Brussels
25. Who refused to received Bronze medal- Sarita Devi
26. NITI Ayog head- PM Modi
27. Expenditure commission head- Bimal Jalan
28. Payment bank amount needed- 100cr
29. Head of committee on banking license – Bimal Jalan
30. Small banks startup capital- 100Cr
31. First Post office ATM – Chennai
32. Chairman of 7th pay commission- Ashok Kumar
Mathur
33. Till now how many applications received for payment
banks? 41
34. First post office ATM in india - Chennai
35. Highest Milk productivity is in which state of India? -
Punjab
36. Player who got highest value in IPL 7 auction?- Yuvraj
37. State with highest GDP?
38. Who sign 1 rupees note? Finance Secretary
39. DBTL scheme started by govt for LPG subsidy - PAHAL
40. Amount of Over Draft Facility under Jan Dhan Yojana -
Rs 5000
41. World Cup Teams - 14
42. First player to score century form India against Pak in
WC - Kohli
43. Amount doubles under Kisan Vikas Patra - 100
months
44. Ceiling Amount under KVP - No ceiling
45. Who replaced Leila Samson - Prahlaj Niklani
46. WTO member - 160
47. Which Indian scheme registered in Guinness Book of
World Record - Jan Dhan Yojana
48. Under 17 FIFA World Cup hosting country - India
49. Nobel prize for economics 2014 - Jean Tirole
50. Maximum cancer cases is in which state of India -
Punjab
51. Indian Company with max turnover as per fortune 500
- IOCL
52. EMI full form - Equated Monthly Installment
53. Who appoints ombudsmen - RBI
54. MacMohan line divides which countries? - India and
China
55. Which is used by banks in their daily routine working
and transactions? Negotiable instruments Act
56. Arun Jaitley is a Rajya sabha member from which
state? Gujarat
57. NABARD full form. - National Bank for Agriculture
and Rural Development
58. Which is fastest channel for transferring money - -
RTGS
59. Largest iron ore mine in world - Carajás Mine, Brazil
60. Which is most profit making PSU company in INDIA -