ljdkjh ukS djh ikuk gS ] dq N dj ds fn[kkuk gS ! GK POWER CAPSULE FOR RBI ASSISTANT/ IPPB MAINS &amp; IDBI PO

sirisha gurijala

As the reach of banking is an issue in India, from financial inclusion perspective, considering access to bank credit and services through expansion of banks in unbanked and under-banked regions is of utmost importance. The specific risks on account of the business model may have to be addressed by calibrating the prudential regulations together with developing the resolution regime and process reorientation for shortening the time period for settlement of deposit insurance claim. In the deregulated interest rate regime, the small banks will have freedom to decide their lending rates based on the cost of funds. Similarly, the improvement in communication facilities would enable them to reap the efficiency gains driven by technology similar to the medium and large banks. The approval of licences for IDFC Ltd and Bandhan Financial Services marks the start of a cautious experiment for a sector dominated by lethargic state lenders, many of which are reluctant to expand into rural areas or towns where banking penetration is low.

Payment banking system has been established in India with the main objective of financial inclusion and promotion of digital transactions. After 2 to 3 years of their coming into picture, the model is being criticized on various grounds. Studies imply that the payment banks are struggling to succeed because of tough competition with commercial banks and their basic structure. This study is an attempt to analyze the position of payment banks on the basis of customers perception. A primary survey has been carried out through a well-structured questionnaire. The results put forward that customers adore payment banks for their easy, convenience, safety and speed. The male and female users of young and middle age are equally liking and using the payment banks. They widely use these banks for making mobile recharge; ticket booking and bill payments etc. but they don’t use them for all their banking transactions. This study provides an insight into the ground realities related to payment b...

This research paper mainly focusses on the scope of payment banks in India, a latest initiative taken up by the Reserve Bank of India and the Government of India. Non-inclusion of the banking sector in rural India is one of the major challenges faced by the Indian economy, today. Payment banks are also being set up to focus on high volume but low value transactions by low income households and small businesses. The aim of this research paper is to study the viability of payment banks and the opportunities and challenges of this new initiative. In this report, we shall try to evaluate the perceptions of the people as regards to payment banks and draw some conclusions for the same using qualitative as well as quantitative analysis. Keywords: Customer penetration, Infrastructure, Popularity, Technology Requirement, Wealth of Company, Business Correspondence.

ljdkjh ukSdjh ikuk gS] dqN dj ds fn[kkuk gS! GK POWER CAPSULE FOR RBI ASSISTANT/ IPPB MAINS & IDBI PO Powered by: GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 MUST DO CURRENT AFFAIRS TOPICS 62nd Filmfare Awards 2017 declared: Aamir Khan & Alia Bhatt Bags Top Honour Best Actor in Motion Picture or Musical or Comedy: Ryan Gosling for La La Land. Best Actress in Motion Picture Musical or Comedy: Emma Stone for La La Land. Best Original Score-Motion Picture: Justin Hurwitz for the La La Land. Best Original Song: City of Stars Justin (urwitz, Pasek & Paul) for the La La Land. Best Foreign Language Film: Elle (France). At the glittering Filmfare awards, "Dangal" swept away three of four major awards -- Best Film, Aamir Khan won Best Actor and Nitesh Tiwari won Best Director award while Alia Bhatt won the Filmfare Best Actor Award (Female) for her performance in "Udta Punjab". The winners of 62nd Jio Filmfare Awards are following:Best Choreography : Adil Shaikh - Kar gayi chul (Kapoor & Sons) Best Editing: Monisha R Baldawa - Neerja Best Lyrics: Amitabh Bhattacharya – Channa mereya (Ae Dil Hai Mushkil) Best Story: Shakun Batra and Ayesha Devitre - Kapoor & Sons Best Dialogue: Ritesh Shah - Pink Best Playback (Male) : Arijit Singh – Ae dil hai mushkil (Ae Dil Hai Mushkil) Best Playback (Female) : Neha Bhasin – Jag Ghoomeya (Sultan) Best Music Album: Pritam – Ae Dil Hai Mushkil Best Actor In A Supporting Role (Female) : Shabana Azmi - Neerja Best Actor In A Supporting Role (Male) : Rishi Kapoor Kapoor & Sons Best Debut Director : Ashwiny Iyer Tiwari - Nil Battey Sannata Best Debut (Male) : Diljit Dosanjh- Udta Punjab Best Debut (Female) : Ritika Singh - Saala Khadoos Critics' Award For Best Actor (Female) : Sonam Kapoor Neerja Critics' Award For Best Actor (Male) : Manoj Bajpayee – Aligarh & Shahid Kapoor - Udta Punjab Critics' Award For Best Film : Ram Madhvani- Neerja Best Actor (Female) : Alia Bhatt- Udta Punjab Best Director : Nitesh Tiwari- Dangal Best Actor (Male) : Aamir Khan - Dangal Best Film: Dangal Lifetime Achievement Award : Shatrughan Sinha 74th Golden Globe Awards 2017 announced The 74th Annual Golden Globe Awards ceremony was organized at Beverly Hills, California, United States (US). This year, La La Land, a romantic musical comedy-drama film won in all the seven categories including the top award for best musical or comedy. Veteran actress Meryl Streep was bestowed with the Cecil B. DeMille Lifetime Achievement Award. Winners of various awards are as follows: Best Motion Picture Drama: Moonlight. Best Motion Picture Musical/Comedy: La La Land. Best Director in Motion Picture-Drama: Damien Chazelle for La La Land. Best Actor in Motion Picture-Drama: Casey Affleck for Manchester by the Sea. Best Actress in Motion Picture-Drama: Isabelle Huppert for Elle. 2 www.bankersadda.com | ICC Awards 2016 announced: It was all Kohli there Ravichandran Ashwin has won both the ICC Cricketer of the Year and the ICC Test cricketer of the Year award after he was named as the only )ndian in )CC s Test Team of the Year. Virat Kohli was named the captain of the ICC ODI Team of the Year. Misbah-Ul-Haq won the ICC Spirit of Cricket Award at the 2016 ICC Awards as he became the first Pakistan player to win the award. The full list of ICC Award 2016 winners is: 1. ICC Cricketer of the Year (Sir Garfield Sobers Trophy) – Ravichandran Ashwin (India) 2. ICC Test Cricketer of the Year– Ravichandran Ashwin (India) 3. ICC ODI Cricketer of the Year – Quinton de Kock (South Africa) 4. )CC Women s OD) Cricketer of the Year – Suzie Bates (New Zealand) 5. )CC Women s T ) Cricketer of the Year – Suzie Bates (New Zealand) 6. ICC T20I Performance of the Year – Carlos Brathwaite (West Indies ) (34 not out, 10 balls, 1x4, 4x6, ICC WT20 India 2016 final v England, Kolkata) 7. ICC Emerging Cricketer of the Year – Mustafizur Rahman (Bangladesh) 8. ICC Associate/Affiliate Cricketer of the Year – Mohammad Shahzad (Afghanistan) 9. ICC Spirit of Cricket Award – Misbah-ul-Haq (Pakistan) 10. ICC Umpire of the Year (David Shepherd Trophy) – Marais Erasmus www.sscadda.com Pradhan Mantri Garib Kalyan Yojana commenced Lok Sabha has passed the Pradhan Mantri Garib Kalyan Yojna (2nd Amendment) Bill, 2016. The new bill attempts to | www.careerpower.in | ADDA247 APP GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 impose a higher rate of tax and penalty in respect of undisclosed incomes. PMGKY is govt. second income disclosure scheme (IDS) to allow tax evaders to come clean with unaccounted wealth. It came into effect from 17 December 2016 and it will remain open until 31 March , 2017. The deposit shall be made by any person who declared undisclosed income under PMGKY. The deposit sum, shall not be less than 25% of the declared undisclosed income. The deposits shall be held at the credit of the declarant in Bonds Ledger Account (BLA) maintained with RBI and would be repaid on expiry of four years. Rules of this Scheme – 1. Declarant have to deposit 25% of the undisclosed income. 2. Declarant has to pay 30% tax at this income plus a penalty rate of 10% will be there. 3. A surcharge at 33% of tax will also be levied & will be named as Pradhan Mantri Garib Kalyan Cess Lucky Grahak Yojana, Digi Dhan Vyapar Yojana launched GOI launched Lucky Grahak Yojana for Consumers and DigiDhan Vyapar Yojana for Merchants to promote digital transaction. The schemes are aimed at encouraging people to move towards significantly higher usage of digital transactions through the offer of incentives. The primary concern being to move the transaction platform from a physical cash economy to a cashless society, the schemes promotes digital payment methods amongst the consumers by the Lucky Grahak Yojna & merchants through the Digi Dhan Vyapar Yojna. Acclaimed Bengali poet Shankha Ghosh to get 2016 Jnanpith Award Bengali poet & literary critic Shankha Ghosh will get the Jnanpith Award for 2016. The award is given for exceptional contribution in the field of literature. Shankha Ghosh born in Chandipur, present day Bangladesh is a leading authority on Rabindranath Tagore. He has earlier won the Sahitya Academy Award and the Padma Bhushan for his contribution to Indian literature. PM launches Mobile App-BHIM for Aadhaar-based digital payment Prime Minister Narendra Modi has launched a mobile app Bharat Interface for Money, BHIM to facilitate digital cash transactions with only a thumb print after the bank account is linked with Aadhaar gateway. Addressing Digi Dhan Mela at Talkatora stadium in New Delhi, Mr Modi said, payments through the new system can be made by just a thumb impression. He said, the new indigenously developed payment app BHIM has been named after the main architect of Indian constitution, Dr B R Ambedkar. 5TH BI-MONTHLY POLICY ANNOUNCED BY RBI RBI governor Urjit Patel kept short-term (REPO) lending rate unchanged. RB) also lowered its forecast for )ndia s gross domestic product (GDP) growth to 7.1% for this fiscal & stated that demonetisation would lead to a short-term disruption in economic activity. The Patel-led six-member Monetary Policy Committee (MPC) unanimously decided to keep the benchmark 3 www.bankersadda.com | repo rate unchanged at 6.25%. It has has withdrawn the incremental cash reserve ratio (CRR) of 100%. Key Points from the 5th Bi-monthly monetary policy statement RBI keeps repo rate unchanged at 6.25%, reverse repo at 5.75%. RBI leaves cash reserve ratio (CRR) unchanged at 4%. It cuts growth forecast to 7.1%, from 7.6% for this fiscal. It keeps the inflation target at 5% for March 2017. Foreign exchange reserve rose to all-time high of $364 billion on 2 December. India defeated England by 4-0 to win the Anthony De Mello trophy 2016 Ravindra Jadeja s / in the second innings against England on the last day helped India to defeat England by an innings & 75run in Chennai to clinch Anthony De Mello series 4-0. Jadeja took 10 wickets in the match & this was his first 10-wicket haul in a Test. With this, India have now been unbeaten in 18 Tests & this is a new record for the team. Virat Kohli is the man of the series for his 655 runs in this series. Also, India end 2016 as the number one ranked team in the world Karun Nair is the man of the match for his excellent triple ton. Some records which were created in the series: Indian test captain Virat Kohli set a new record by remaining undefeated for 18 consecutive tests. The previous record of is under former captain Kapil Dev s captaincy between 1985-1987. Virat Kohli became the first Indian captain to register three double centuries in a calendar year. )ndia s / in the Chennai test is also the highest-ever team score in test. Alastair Cook is the tenth batsman to complete 11,000 runs in tests. C(AK DE )ND)A: )ndia won the Junior Men s (ockey World Cup 2016 Indian team scripted a new chapter in hockey history by regaining the Junior Men s (ockey World Cup after a gap of years, defeating Belgium 2-1 in the final at the Major Dhyan Chand Stadium in Lucknow. India achieved another first as this was the first time that a host nation has won the Cup in 11 editions. Gurjant Singh & Simranjeet Singh scored for India. For Belgium, this was their second biggest defeat of the year, after losing to Argentina 0-1 in the Rio Olympics final. Key Winners in the World Cup: Up & Coming Player of the tournament: Timm Herzbruch of Germany Goalkeeper of the tournament: Loic van Doren of Belgium Top scorer of the tournament: Edward Horler of England with 8 goals Player of the tournament: Enrique Gonzalez de Castejon from Spain ISRO successfully launched PSLV C-36 PSLV-C36 is the thirty eighth flight of ISRO's Polar Satellite Launch Vehicle (PSLV) placed the 1235 kg RESOURCESAT-2A into an 817 kms polar Sun Synchronous Orbit (SSO). PSLV-C36 was launched from the First Launch Pad (FLP) at Satish Dhawan www.sscadda.com | www.careerpower.in | www.careeradda.co.in GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 Space Centre SHAR, Sriharikota. In this flight, the 'XL' version of PSLV with six solid strap-on motors was used. PSLV is the ISRO's versatile launch vehicle for launching multiple satellites in polar SSOs, Low Earth Orbits (LEO) as well as Geosynchronous Transfer Orbit (GTO) & sub GTO. With 36 successful launches, PSLV has emerged as the workhorse launch vehicle of ISRO & is offered for launching satellites for international customers. 6th Heart of Asia Summit held in Amritsar 6th Ministerial Conference of the Heart of Asia-Istanbul Process on Afghanistan was held in Amritsar on 3-4 December. The conference adopted the Amritsar Declaration which puts focus on the Heart of Asia countries & supporting countries & organizations working together to comprehensively address the menace of terrorism. Issues of terrorism took centre stage at the event. Major Issues which were discussed in the Conference Countering terrorism to create stability & security in Afghanistan. Providing Afghanistan connectivity to strengthen economic activities. Development, which is essential for the progress of Afghanistan. Major Highlights of the Conference It jointly inaugurated by the President of Afghanistan Mohammad Ashraf Ghani & Prime Minister of India Narendra Modi. It was attended by Pakistan Prime Minister Nawaz Sharif s foreign affairs advisor Sartaj Aziz. It concluded with a strong declaration calling for concerted regional & international cooperation to ensure elimination of terrorism as well as dismantling of terrorist sanctuaries & safe havens in region. Amritsar Declaration was adopted in the Conference The Amritsar Declaration, issued after the 6th ministerial 'Heart of Asia conference - Istanbul Process on Afghanistan' in this Punjab city near India's border with Pakistan, "recognises terrorism as the biggest threat to peace" & demanded "immediate end to all forms of terrorism". Citing the declaration, Finance Minister Arun Jaitley, who chaired the meeting in the absence of ailing External Affairs Minister Sushma Swaraj, said: "We remain concerned by high level of violence in Afghanistan caused by Taliban, terrorist groups including Al Qaeda, Daesh (Islamic State) & its affiliates." "We strongly call for concerted regional & international cooperation to ensure elimination of terrorism, including dismantling of terrorist safe havens in the Heart of Asia region, as well as disrupting all financial & logistical support for terrorism." the Best Film. Megastar Amitabh Bachchan received the Best Actor award for the film, Aditya Bannerji got the Best Editing award & Ritesh Shah got the Best Dialogue award for Pink. List of the winners of Star Screen Awards 2016 Best Film Pink Best Actor Amitabh Bachchan for Pink Best Actress Alia Bhatt for Udta Punjab Best Supporting Actor Rishi Kapoor for Kapoor & Sons Best Supporting Actress Shabana Azmi for Neerja Best Actor Sushant Singh Rajput for MS (Critics' choice) Dhoni: The Untold Story Best Actress Swara Bhaskar for Nil Battey (Critics' choice) Sannata Best Actor Varun Dhawan for Dishoom (in a comic role) Best Director Ram Madhvani for Neerja Best Playback Singer Amit Mishra for Bulleya, Ae Dil (Male) Hai Mushkil Best Cinematography Anay Goswamy for Fitoor Best Playback Singer Palak Muchhal for Kaun Tujhe, (Female) MS Dhoni: The Untold Story Best Lyrics Amitabh Bhattacharya, Ae Dil Hai Mushkil Best Newcomer (Female) Disha Patani for MS Dhoni: The Untold Story Demonetization of Currency (Rs. 500 & Rs. 1000 Notes): A Surgical Strike on Black Money Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of ₹ 500/- & ₹ 1000/Why is this scheme introduced? The incidence of fake Indian currency notes in higher denomination has increased. The fake notes are used for antinational & illegal activities. In order to contain the rising incidence of fake notes & black money, the scheme to withdraw has been introduced. What is this scheme? The legal tender character of the existing bank notes in denominations of ₹ 500 & ₹ 1000 issued by the Reserve bank of India till November 8, 2016 (hereinafter referred to as Specified Bank Notes) stands withdrawn. The Specified Bank Notes can be exchanged for value at any of the 19 offices of the Reserve Bank of India & deposited at any of the bank branches of commercial banks/ Regional Rural Banks/ Co-operative banks (only Urban Co-operative Banks & State Co-operative Banks) or at any Head Post Office or Sub-Post Office. District Central Cooperative Banks (DCCBs) can allow their existing customers to withdraw money from their accounts upto ₹ 24,000 per week. Note: It was attended by delegations from practically every participating country, supporting countries & international organizations–45 in all. It also saw the presence & participation of guest countries Austria, Bulgaria, Latvia & Uzbekistan. Can I get cash in exchange for specified banknotes over the bank counter? No over the counter exchange (in cash) of SBNs is not permitted from November 25, 2016. STAR SCREEN AWARDS 2016 DECLARED The 23rd edition of the annual film awards show, Star Screen Awards, was held at Mumbai. Shoojit Sircar's criticallyacclaimed Pink bagged as many as four awards, including for Can I withdraw from ATM? The ATMs are progressively getting recalibrated. As & when they are recalibrated, the cash limit of such ATMs will stand enhanced 4 www.bankersadda.com | www.sscadda.com | www.careerpower.in | www.careeradda.co.in GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 to ₹ 2500/- per withdrawal. This will enable dispensing of lower denomination currency notes for about ₹ 500/- per withdrawal. What will be the levied ATM charges? It has been decided that banks shall waive levy of ATM charges for all transactions (inclusive of both financial & non-financial transactions) by savings bank customers done at their own banks ATMs as well as at other banks ATMs, irrespective of the number of transactions during the month. This waiver is applicable on transactions done at ATMs from November 10, 2016 till December 30, 2016, subject to review. Can I withdraw cash against cheque? Yes, you can withdraw cash against withdrawal slip or cheque subject to a weekly limit of ₹ 24000/- (including withdrawals from ATMs & over the counter) from the bank accounts. Business entities having Current Accounts which are operational for last three months or more will be allowed to draw ₹ 50,000/per week. This can be done in a single transaction or multiple transactions. Holders of current / overdraft / cash credit accounts, which are operational for the last three months or more, may withdraw upto ₹ 50000 in cash, in a week. Such withdrawals may be disbursed predominantly in ₹ 2000 denomination bank notes. This enhanced limit for weekly withdrawal is not applicable for personal overdraft accounts. Farmers are allowed to draw upto ₹ 25000/- per week in cash from their loan (including Kisan Credit Card limit) or deposit accounts subject to their accounts being compliant with the extant KYC norms. The 45th President of USA is Donald Trump Republican Donald Trump elected the new US President, defeating forecasters who had predicted a Hillary Clinton win in one of the most bitterly fought Presidential battles. 47th International Film Festival of India (IFFI), Panaji (Goa) 47th International Film Festival of India (IFFI), was inaugurated by Ramesh Sippy in Goa, India. The focus country this time was the Republic of Korea. Poland s official entry to the th Academy Awards, Afterimage by Andrzej Wajda opened the festival, South Korea s official entry The Age of Shadows by Kim Jee-Woon closed the festival. )ranian drama film Daughter directed by Reza Mirkarimi won the Golden Peacock award for Best film . The film s male lead Farhad Aslani won the Silver Peacock for the best actor male while the Best actor female award goes to Elina Vaska for her role in Latvian film – Mellow Mud. Four-tier GST structure of 5%, 12%, 18% & 28% finalized The GST Council decided to have four slabs under the GST regime with some changes from what union finance ministry proposed & a cess over the peak rate of 28% on luxury & sin goods for five years to compensate states for any revenue loss. A four-tier GST rate structure would be 5%, 12%, 18%, 28%, finance minister Arun Jaitley told reporters after the meeting. Most of the food items would attract zero% rate. As much as 50% of consumer price index would be zero rated. 5% rate would be on other necessary goods such as soaps & others needed for daily uses. Can I withdraw a higher amount for the purpose of my ward s wedding? With a view to enable members of the public to perform & celebrate weddings of their wards it has been decided to allow a cash withdrawal of maximum ₹ 250000/- from their bank deposit accounts till December 30, 2016 to meet wedding related expenses. Can I use the Specified banknotes to settle outstanding in my loan account? Deposits of Specified bank Notes into all types of deposit/loan accounts is allowed subject to CTR/STR reporting. Anybody depositing more than ₹ 50,000/- in cash in their bank account has to submit a copy of the PAN card in case the bank account is not seeded with PAN. NOBEL PRIZE WINNERS 2016 Economics: Two U.S-based economists, Oliver Hart (U.K) & Bengt Holmstrom (Finland) have been awarded the 'Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel' for their contributions to contract theory. Peace: Colombian President Juan Manuel Santos has been awarded the Nobel Peace Prize for his efforts to end the 52-year conflict with left-wing rebels. Medicine: Japan's Yoshinori Ohsumi has received the 2016 Noble Prize for Medicine. He has received the award "for his discoveries of mechanisms for autophagy". 5 www.bankersadda.com | Physics: The prize goes jointly to David J. Thouless, F. Duncan M. Haldane, & J. Michael Kosterlitz who discovered a mathematical framework in the field of topography, to explain unexpected properties of solid materials. Chemistry: Awarded to Jean-Pierre Sauvage, Sir J. Fraser Stoddart & Bernard L. Feringa for developing the molecular machine. Literature: American singer-songwriter Bob Dylan has been awarded the Nobel Prize in Literature 2016 "for having created new poetic expressions. within the great American song tradition". www.sscadda.com | www.careerpower.in | www.careeradda.co.in GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017  8th Brics Summit 2016 Concluded In Goa The eighth BRICS summit held in Benaulim, Goa, India. The theme for the summit was Building Responsive, )nclusive & Collective Solutions . The next summit will be held in in China.  The representatives of Member Countries: a) Brazilian President: Michel Temer b) Russian President: Vladimi Putin c) India's PM: Narendra Modi d) China's President: Xi Jinping e) South Africa's President: Jacob Zuma Note:  The meet of agriculture ministers of BRICS nations concluded in New Delhi.  The first trade fair of the BRICS countries, was held at Pragati Maidan exhibition ground, New Delhi  The first BRICS U-17 Football Cup was held at Goa. Goa Declaration In this year BRICS summit, a statement was issued for the member states "strongly condemn terrorism in all its forms & manifestations & stressed that there can be no justification whatsoever." The members also agreed to set up a credit rating agency. Besides this, first-ever BRICS-BIMSTEC Outreach Summit was also held on side-lines of 2016 BRICS Summit. BIMSTEC member countries are Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan & Nepal. For the private security agencies, FDI up to 49% is now permitted under the automatic route, & beyond that & up to 74% by way of government approval. Food: It has now been provided that 100% FDI under automatic route for trading. Civil Aviation Sector: FDI policy on Airports permitted 100% FDI under automatic route in Greenfield Projects & 74% FDI in Brownfield Projects under the automatic route. FDI beyond 74% for Brownfield Projects is under government route. 11th G-20 Summit 2016 Concluded in Hangzhou, China The 11th Summit of the Group of Twenty (G20) concluded in the eastern Chinese city of Hangzhou. The theme of 2016 G20 Summit was Toward an Innovative, Invigorated, Interconnected & Inclusive World Economy. The chair of the summit was Xi Jinping, President of China. Chancellor Angela Merkel of Germany, presidency of the G20 in 2017 introduced visions & plans in hosting the Hamburg Summit. The summit adopted the G20 Leaders' Communiqué of the Hangzhou Summit. US OPEN 2016 Men's Singles: Switzerland s Stan Wawrinka defeated Serbia s Novak Djokovic. This was Wawrinka's first appearance in the final of the tournament. Women's Singles: Germany s Angelique Kerber defeated Czech Republic s Karolína Plíšková. Men's Doubles: United Kingdom s Jamie Murray & Brazil s Bruno Soares defeated Spain s Pablo Carreño Busta & Guillermo García-López. GSAT-18 launched from Kourou in French Guiana  Women's Doubles: US s Bethanie Mattek-Sands & Czech India's latest communication satellite GSAT-18 successfully Republic s Lucie Šafářová defeated France s Caroline Garcia & launched by a heavy duty rocket of Arianespace from the France Kristina Mladenovic. spaceport of Kourou in French Guiana. It is built by the Indian Mixed Doubles: Germany s Laura Siegemund & Croatia s Mate Space Research Organisation aims at providing Pavić defeated US s Coco Vandeweghe & Rajeev Ram. telecommunications services for the country. It was inducted into the INSAT/GSAT system from Kourou, French Guiana by Bezwada Wilson & T.M. Krishna win Ramon Magsaysay Ariane-5 VA-231. Award Classical singer Thodur Madabusi Krishna & National Convenor Cabinet approves amendments in the FDI Policy of Safai Karmachari Andolan Bezwada Wilson featured in this  FDI in the defence sector is now permitted up to 100% under the year's list of winners of the coveted Ramon Magsaysay Award automatic route. 2016.  FDI ceiling in sectors like teleports, Direct to Home (DTH), cable networks, mobile TV & Headend-in-the-Sky Broadcasting Service Apart from the two Indians, four others have been selected for (HITS) has been increased to 100%. the award—Conchita Carpio-Morales of the Philippines, Dompet  For the pharmaceutical sector, new liberalised norms allow 74% Dhuafa of Indonesia, Japan Overseas Cooperation Volunteers & FDI under the automatic route for brownfield pharmaceuticals, Vientiane Rescue of Laos. while FDI beyond 74 per cent would be permitted through the government approval route. BANKING & FINANCIAL AWARENESS CURRENT AFFAIRS RBI IN NEWS Reserve Bank came out with conditions for exchange of defunct notes for non-resident Indians, who failed to do so. Resident Indian citizens who were abroad from November 9th to December 30th can avail this facility up to March 31st, 2017 and NRI citizens, who were abroad during this period, can exchange up to June 30th, 2017. The limit on withdrawals from ATMs has been enhanced from the current limit of Rs.4,500 to Rs.10,000 per day per card (It will be operative within the existing overall weekly limit). 6 www.bankersadda.com | www.sscadda.com RBI appointed Surekha Marandi as its Executive Director (ED) in place of U S Paliwal. RBI stated that foreign exchange reserves rose by $625.5 million to $360.296 billion in the week to December 30, 2016. Airtel Payments Bank the first payments bank started its nationwide operations with an initial investment of Rs 3,000 crore and offering an interest rate of 7.25 per cent for savings accounts. | www.careerpower.in | www.careeradda.co.in GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 Paytm got the final permission to open a payments bank by RBI. Reserve Bank of India gave permission to formally launch Paytm Payments Bank. RBI has given an additional 60 days to repay their crop loans due in Nov-Dec, 2016 and prompt repayment would be eligible for the extra 3% interest subsidy. Jaipur based Non-banking finance company Au Financiers (India) has received final approval of the Reserve Bank to start operations as small finance bank. RBI imposed the penalty on five foreign banks, including Deutsche Bank and Standard Chartered Bank, for violation of its instructions on reporting requirements of the FEMA. The three other banks are: Bank of America, Bank of TokyoMitsubishi and The Royal Bank of Scotland. Reserve Bank of India has extended the period of enhanced Prepaid Payment Instruments (PPI) limit of Rs 20,000 as part of efforts to promote digital payments. RBI has allowed foreign portfolio investors (FPI) to transact in non-convertible debentures/bonds issued by Indian companies either directly or in any manner as per the prevalent/approved market practice. Viral Acharya has appointed by the Government of India as the deputy governor of the Reserve Bank of India (RBI). He will be joining the ranks of N S Vishwanathan, S SMundra & R Gandhi. RBI said that it will issue Rs 50 denomination banknotes in the Mahatma Gandhi Series-2005, with inset le tter L , R in both the number panels, bearing signature of Dr Urjit R.Patel, Governor, Reserve Bank of India, and the year of printing printed on the reverse of the banknote. RBI defers mandatory implementation of Aadhar-enabled PoS (Point of Sale) devices till June 30,2017. RBI has asked banks and prepaid payment instrument issuing entities not to levy any charges for transactions upto 1000 rupees that are settled using Immediate Payment Service, USSD based *99# and Unified Payment Interface systems. RBI has advised banks to cap the Merchant Discount Rates for debit card transactions upto 1000 rupees at 0.25 percent of the transaction value. For transactions between 1000 and 2000 rupees, the merchant charges shall be capped at 0.5 percent of the transaction value. In order to mop up extra liquidity from the system in view of demonetisation, government and the Reserve Bank sharply raised the Market Stabilisation Scheme (MSS) ceiling to Rs 6 lakh crore from Rs 30,000 crore. Reserve Bank of India (RBI) has kept its key policy rate, the Repo Rate (RR), at 6.25 %. It has lowered the growth forecast by 0.5% to 7.1% for 2016-17. RBI has withdrawn the incremental cash reserve ratio (CRR) of 100%. Reserve Bank of India has authorised the Receivables Exchange of India (RXIL), promoted by Sidbi and NSE, to launch the country's first trade receivables exchange platform for MSMEs, buyers and financiers. CVC made it mandatory for PSB s to report to all such frauds involving funds over Rs one crore to the commission. RBI issued clarifications on hedging of currency for external commercial borrowings (ECBs). ECB borrower will be required to cover both principal as well as coupon payments through the hedges done. The hedging period will be for the entire life of the liability with a minimum one-year rollover 7 www.bankersadda.com | www.sscadda.com option. The designated banks will have the responsibility of verifying that 100% hedging requirement is complied with. RBI relaxed the norms on income recognition, asset classification & provisions pertaining to advances. Taking into consideration the problems, RBI decided to provide an additional 60 days time to clear the dues, provided that the value of the loan or crop loan is less than 1 crore Rs. Term loans, housing loans & agriculture loans with sanctioned amount of up to 1 crore Rs. are eligible for relaxation. RBI reduced the cash withdrawal limit from PMJDY A/C to Rs 10000 a month to protect the holders from money launderers. For Non-KYC compliant, withdrawal limit is Rs 5000 per month. The depositors, who have made the deposits in the current legal tender notes, can withdraw that amount over & above the weekly limit of Rs 24000. SBI IN NEWS SBI cut benchmark interest rate across various maturities by . per cent, effective from st Jan , a move that is expected to be shortly followed by other banks also. SBI has adopted Shirki village at Pen taluka in Maharashtra for driving the Aadhaar-based merchant payment initiative. Edible oil firm Ruchi Soya Industries in association with SBI launched an initiative to provide banking assistance to farmers. Under the initiative Kisan Kalyan Ayojan , the company will help farmers to open bank accounts, procure the produce directly from farmers at the right price & ensure farmers get their payment immediately through internet banking. MMTC (Metals and Minerals Trading gold Corporation) tieup with SBI to sell government-minted Indian Gold Coin (24 Karat) which will be available in denominations of 5gm, 10gm and 20 gm bar. Women and Child Development Ministry has tied up with India Post and SBI. This will offer more payment options to buyers and simplify shipping of products bought from "Mahila E-haat", an online marketing platform for women entrepreneurs. State Bank MobiCash Mobile Wallet lauched. It is a product of State Bank of India (SBI) and Bharat Sanchar Nigam Ltd (BSNL). SBI decided to write off loans worth almost 7016 Crore Rs., owed to it by 63 willful defaulters including Vijay Mallya s Kingfisher Airlines. The move is a part of a cleanup process of the bank s balance sheets. Competition Commission (CCI) approved the merger of Bharatiya Mahila Bank Ltd (BMBL) with the SBI. ICICI BANK IN NEWS ICICI Bank has now launched a payments collection app for offline merchants and retailers called Eazypaywhich will allow customers to pay via UPI, cards, net banking and the bank s Pockets wallet app. ICICI Bank launched a credit facility against home loans for salaried customers which includes Home Overdraft facility that will enable a salaried customer to seek loans up to Rs. 1 crore for personal needs against his/her property. YES BANK IN NEWS Yes Bank entered into a tie-up with Bajaj Electricals for vendor financing using blockchain solution & announced to | www.careerpower.in | www.careeradda.co.in GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 use the technology more aggressively as it saves over 70 per cent in cost. Yes Bank partnered with Ola, one of the popular mobile apps for transportation, to provide cash-on-demand at customer s doorstep. Launched Yes Mobile . , its new mobile banking app with multiple new features & extensive support for banking transactions on Apple & Android-based SmartWatches. Appointed Amresh Acharya as Group President & Head of Global Indian Banking. Bank of Baroda has become the first Indian company to sign up as a national supporter of FIFA Under-17 World Cup India 2017. Bank of Baroda & Heritage Foods Ltd (HFL) has signed MoU to provide dairy loans to farmers through the lender's branches across the country. Bank of Maharashtra, has helped to make the village of Malangaon, in Sangli district, Maharashtra, a completely cashless village. Corporation Bank has bagged the SKOCH silver award for attaining the position of number1 channel partner of LIC of India for the past three financial years. Corporation Bank has bagged the Best MSME Bank Award instituted by Assocham. Vijaya Bank has been adjudged Best Bank for SME Lending award by Assocham. Bank of Baroda appointed Ratnesh Kumar as Managing Director & Chief Executive Officer of BoB Capital Markets Ltd. UCO Bank has announced that it would raise Rs.271 crore from LIC in preferential allotment of equal shares. Corporation Bank signed MoU with the Indian Army on the defence salary package under which bank will provide free/ concessional services to the Army. OTHER PRIVATE SECTOR BANKS IN NEWS Karnataka Bank has launched a month-long campaign to promote a group personal accident insurance scheme for savings bank account-holders. KBL Suraksha . Helped by HDFC Bank, five temples in Kanyakumari district in southern Tamil Nadu have introduced digital wallets and PoS to enable their devotees to pay donations. Lakshmi Vilas Bank has launched QIP to raise over Rs 599.88 crore by issuing 4.25 crore shares in domestic or international markets. IDFC Bank has announced the nationwide launch of IDFC Aadhaar Pay, the country s first Aadhaar-linked cashless merchant solution that uses a retailer s own Android smartphone to enable cashless payments. Federal Bank has tied up with Spice Digital for cash management services through the bank s e-collection facility. Karnataka Bank Ltd has bagged the Best MSME Bank Award private sector instituted by Assocham. Federal Bank has tied up with Oxigen to expand the bank s e-collection facility to the about 3 lakh- retail outlets of Oxigen. HDFC Bank's Aditya Puri has been ranked 36th in the US magazine Fortune's top 50 business persons list for 2016. He is the only Indian among three persons of Indian origin in the global rankings. Facebook's Mark Zuckerburg topped the list by the US magazine. Federal Bank, India's major commercial bank in the private sector has received RBI's permission to open its first international branch at the Dubai International Financial Centre. Airtel Payments Bank Limited launched India's first live Payments Bank in Rajasthan. It will provide an interest of 7.25% per annum on deposits. INTERNATIONAL/FOREIGN BANKS IN NEWS Privatbank, Ukraine s largest private bank, is being nationalised to protect the country s financial system and preserve an essential bailout loan from the International Monetary Fund. Stockholders of the National Bank of Abu Dhabi and First Gulf Bank approved to merge into the biggest bank of all Gulf Countries with an asset of $ 178 billion. After the merger the combined company will be named as NBAD. Asian Development Bank $48 million loan to help Assam improve power distribution to enhance capacity & efficiency of its power distribution system to improve electricity service to end user. OTHER PUBLIC SECTOR BANKS IN NEWS 8 www.bankersadda.com | RRB S/COOPERAT)VE BANKS/NBFC S )N NEWS SIDBI tied up with Life Insurance Corporation of India (LIC) for augmenting capital support to enterprises in the country. Karnataka VikasGrameen Banks (KVGB) has come up with Bank Sakhi innovative scheme for employing women in villages to promote and improve the cashless transactions in rural areas. NABARD will extend support aggregating about Rs. 120 crore to banks for deployment of two Point-of-Sale (PoS) devices per village in one lakh villages having a population of up to 10,000. Dharwad-headquartered Karnataka Vikas Grameena Bank has bagged two awards for inclusive insurance from Skoch Group for 2016. The bank bagged the awards in life insurance and micro insurance sectors under the order of merit category. MISCELLANEOUS BANKING NEWS NPCI, the umbrella organisation for all retail payment systems in the country has declared Rs. 54.90 crore worth of prize money to over . lakh winners of N)T) Aayog s Lucky Draw Schemes for consumers and merchants. www.sscadda.com | www.careerpower.in | www.careeradda.co.in GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 # Airtel Payments Bank, the first payments bank in India introduce that any customer opening a savings account with it will get one minute of talk time on his/her Airtel mobile for every rupee deposited. ECONOMY NEWS calibration of various other fees collected by the regulator Breaking a 3-month declining trend, wholesale inflation from different market intermediaries. rose to 3.39% in December 2016. The increase was mainly Prime Minister Narendra Modi has launched a mobile app due to a rise in prices of manufactured items, even as food articles turned cheaper. Bharat Interface for Money, BHIM to facilitate digital cash GOI has increased the minimum monthly pension to 9,000 transactions with only a thumb print after the bank account per person, besides a two-fold hike in exgratia amount for is linked with Aadhaar gateway. India has received the maximum Foreign Direct Investment central government employees. NITI Aayog has projected the India GDP growth rate of 8 (FDI) in flows from Singapore in 2015-16 followed by Percent for 2016-17 based on the appraisal document for Mauritius, the US, the Netherlands and Japan, a report by the Twelfth Five-Year Plan. industry chamber PHDCCI and KPMG. Retail inflation fell to a nearly 3-year low of 3.41 % in IRDAI has approved the R3 application and granted December 2016, from 3.63 % in November 2016. certificate of registration to five global reinsurers to opens Global unemployment is expected to rise by 3.4 million in shops. The R3 is the final approval from the regulator to 2017 despite a likely modest pick-up in economic growth at begin branch operations. 3.4% this year and 3.6% in 2018, against a six-year low of Employee's Provident Fund Organization EPFO decided to lower the interest on EPF deposits for the current fiscal to 3.1% in 2016, a new report by the International Labour 8.65%, from 8.8% provided in 2015-16, for its over four Organisation. crore subscribers. The country's industrial production grew 5.7% in November 2016, compared to a contraction of 3.4% in November 2015. Central Statistical Office announced that )ndia s Gross Domestic Product accelerated to 7.3 % in the second quarter World Bank has decelerated India's growth for 2016-17 (July-September) of the 2016-17 financial year from a fiscal to 7% from its previous estimate of 7.6%. provisional 7.1 % expansion in the previous quarter. Finance Ministry granted approval to 12 proposals of PSBs to raise a sum of Rs 2,914.038 crore through preferential To encourage each district in the country to take the allotment and permission given to raise Rs 200 crore by digitization route without fear, NITI Aayog will be United Bank of India through QIP mode. immediately transferring Rs.5 lakh each district as seed Over 26 crore accounts have been opened under Pradhan money to kick start this drive. ADB lowered India's growth forecast for this year from 7.4 Mantri Jan Dhan Yojana across the country. % to 7 % due to a slight slowdown in the economy following Encouraging firms to enrol their workers under schemes the central government's demonetisation move. run by retirement fund body Employees Provident Fund Organisation (EPFO), a three-month campaign has been India has signed a Grant Agreement of USD 5.19 million with International Bank for Reconstruction and Development launched beginning 01st January 2017 where employers will get amnesty and pay just Re 1 as damages for not (IBRD) for Additional Financing for Financing Energy registering their employees earlier. Efficiency at MSMEs Project- Programmatic Framework for Munich Re is opening a composite branch office in Mumbai Energy Efficiency. to service the property-casualty, life, health reinsurance Finance ministry released first installment of special markets across the country. Munich Re Group is a assistance of Rs 1,093.34 crore for repair & permanent reinsurance company based in Munich, Germany. restoration of damaged public buildings in Jammu & Government has imposed an anti-dumping duty ranging Kashmir under PM Reconstruction Plan for J&K. SEBI tightened rules for credit rating agencies, prescribing from 6.30 US dollars to 351.72 US dollars per tonne on more disclosures on suspension & withdrawal of ratings. imports of jute and its products from Bangladesh and Nepal. )ndia s per capita income, a gauge for measuring living CRISIL, ICRA & CARE are the major agencies that assign standard, is estimated to cross Rs 1 lakh in 2016-17, up credit ratings to issuers of debt instruments. from Rs 93,293 in the previous fiscal. GST Council approved a four-tier GST tax structure of 5%, 12%, 18% & 28%, with lower rates for essential items & the Employees' Provident Fund Organisation (EPFO) has made highest for luxury & de-merits goods that would also attract Aadhaar mandatory for its about 50 lakh pensioners and an additional cess. around four crore subscribers. World Bank projected a global growth of 2.7% in 2017. President Pranab Mukherjee approved the 2% hike in World Bank President Jim Yong Kim stated that global Dearness Allowance to central government employees. DA is economic growth is forecast to accelerate moderately to provided to employees & pensioners to minimise the impact 2.7% in 2017 after a post-crisis low of 2.3% in 2016. of price rise on their earnings. Rabi crops have been sown in around six crores 16 lakh Confederation of Indian Industry (CII) launched a unique hectares till date which is about 35 lakh hectares more than platform called Startup Mentorship Circle to help in last year. Data released by the Agriculture Ministry, wheat connecting start-ups with the global marketplace. Govt. has announced that it will present the Union Budget has been sown in around three crore nine lakh hectare for 2017-18 on February 1 & the budget session may begin which is about 20 lakh hectare more than last year. in January. Also, the Centre approved the merging of SEBI, has decided to lower broker fees by 25 per cent to 15 Railway Budget with the Union Budget. rupees per transaction of one crore rupees as part of 9 www.bankersadda.com | www.sscadda.com | www.careerpower.in | www.careeradda.co.in GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 ADB & the GOI signed a 500 million US dollar loan to build a 9.8 km long road bridge across the Ganges River. This will be )ndia s longest river bridge. Central Statistical Office CSO released that )ndia s GDP increased to 7.3% in the second quarter (July-September) of 2016-17. While the GVA increased to 7.1 percent in the second quarter. BUSINESS NEWS (NATIONAL & INTERNATIONAL) S.No 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. Companies Key Points DOMESTIC COMPANIES Amazon has awarded a patent for launching a giant flying warehouse that would act as a launch pad for drones to deliver items within minutes. Amazon has awarded a patent for launching a giant flying warehouse that would act as a launch pad for drones to deliver items within minutes. Azure Power has commissioned 150 MW solar power project in Punjab, which is its largest in North India. )ndia s pioneering online automobile transactional marketplace Droom has firmly entrenched its foothold as a complete eco-system for buyers to have an impeccable automobile owning experience. Vedanta Foundation and Vedanta Sesa Goa Iron Ore, in collaboration with the Karnataka Directorate of Education, have launched a pilot project to promote digital education in schools across the State. NTPC has signed a non-binding agreement with Rajasthan Rajya Vidyut Utpadan Nigam Ltd & Rajasthan Urja Vikas Nigam Ltd to take over Chhabra Thermal Power Plant. Mahindra Asset Management Company Pvt. Ltd (MAMCPL) launched an open-ended scheme Mahindra Mutual Fund Dhan Sanchay Yojna scheme to generate long-term returns through investment in equity and debt. The government sell Pawan Hans entire 51% stake and transfer the management control of the helicopter service operator. Pawan Hans is a joint venture where state-owned ONGC holds 49%. 1. Shareholders of Tata Chemicals have voted out Nusli Wadia as an independent director of the company with 75.67% votes going in favour of a resolution moved by Tata Sons to remove him. Tata Steel has signed an agreement to acquire 100% equity in Odisha-based Brahmani River Pellets (BRPL) for Rs 900 crore. Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corp signed a pact to build India's biggest oil refinery at a cost of $30 billion on the west coast in Maharashtra. IOC will hold a 50 % stake in the project while BPCL and HPCL will have 25 % each. Bharat Earth Movers Limited Ltd has bagged the C)) National Quality Award Indian Council of Food & Agriculture presented 'Global Agriculture Leadership Award 2016' to Tata Sons interim Chairman Ratan Tata Paytm Announced a program to increase the digital inclusion in the country where in it is calling upon consumers and merchants across India to teach others on how to use Paytm to pay and accept money. BHEL has bagged a major order from Indian Railways for the supply of IGBT-based traction converters. BEML Ltd, a defence PSU Conferred with CEPM Fellowship Award-2016 Telecom operator Bharti Airtel merger of its subsidiary unit in Bangladesh with Robi Axiata Times Internet Appointed Rishi Jaitly as the CEO of Times Global Partners Tata Consultancy Services Awarded 'Digital Innovator of the Year' in the Ecosystem Excellence category (industan Construction Company (CC became )ndia s first firm to get debt recast under RB) s new Scheme for Sustainable Structuring of Stressed Assets S A . RB) approved (CC s Rs. 5,000-crore debt recast. Google Capital has changed its name to 'CapitalG'. New domain now forwards to CapitalG.com Reliance Group with Cisco Jasper Launched venture named Unlimit, which will provide Internet of Things (IoT) services to its enterprise customers in India. Mahindra & Mahindra Appointed Pawan Goenka as Managing Director Board of Tata Steel removed Cyrus Mistry as the Chairman & O.P. Bhatt as the Interim Chairman. Amazon To sell Amul s products online in the United States INTERNATIONAL COMPANIES Google India: Created two tools My Business and Digital Unlocked for the small and medium businesses in India, that would help to create an online presence, besides a digital training programme. 27. PepsiCo India 28. US fast-food giant McDonald 29. 30. XCMG, a China-HQ global construction machinery company American SpaceX rocket company 10 www.bankersadda.com | Sold a 2.5 acre land parcel in the Central suburb Chembur to The Wadhwa Group for Rs. 190-200 crore. Announced to sell its businesses in mainland China and Hong Kong for $2.08 billion to Citic, a state-owned conglomerate, and the Carlyle Group will invest $150 million in a new manufacturing unit in India for construction and material-handling machines. Resumed flights, launching a Falcon 9 vehicle from the Vandenberg Air Force www.sscadda.com | www.careerpower.in | www.careeradda.co.in GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 31. 32. 33. 34. 35. 36. 37. 38. Base on the California coast A free instant messaging service for work and business environments, Flock has launched world s first chat operating system FlockOS by BhavinTurakhia, Flock CEO. Tesla & SpaceX Founder Named the most admired leader in the technology space. Elon Musk E-commerce major Amazon Launched its global startup program 'Launchpad' in India, an online portal featuring over 400 products from different startups. Microsoft Introduced business solutions from its partner ecosystem to meet the business needs of small and medium businesses across Kerala. BBC World Service will launch 11 new language services as part of its biggest expansion. The new languages also includes Gujarati, Marathi, Punjabi, Telugu, etc. TAFE, the world s third largest with the Rajasthan govt. is setting up a Centre of Excellence — JFarm Rajasthan tractor maker Fortune magazine named the co-founder & CEO of Facebook, Mark Zuckerberg as Business Person of the Year. Swiss major Molinari Rail will set up a manufacturing & assembly centre for auxiliary power units for diesel locomotives in India. (INDIA/WORLD) AGREEMENTS S. No 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 11 What is the MoU/Agreement? Signed Other Point by/Between BETWEEN INDIA & OTHER COUNTRY/ORGANIZATION Regarding cooperation & mutual assistance in Customs Matters India and Uruguay. Protocol to amend the existing Double Taxation Avoidance India and Kazakhstan Convention (DTAC) for the avoidance of double taxation & for the prevention of fiscal evasion with respect to taxes on income. Area of agriculture (B/W PM Modi & Kenyan President Uhuru India and Kenya Kenyatta) 6 MoUs to boost bilateral cooperation India and Kyrgyzstan (Kyrgyzstan President AlmazbekAtambaye) India signed Open Skies agreement with Jamaica, Guyana, Czech Republic, Finland, Spain & Sri Lanka, allowing unlimited number of flights to six metro airports in the country, including Delhi, Mumbai, Hyderabad, Kolkata, Bengaluru and Chennai. The International Civil Aviation Negotiations (ICAN) - 2016 held recently in Nassau. Amended the DTAA for the avoidance of double taxation and India and Singapore prevention of fiscal evasion with respect to taxes on income Agreement for assistance in green and sustainable construction of India & Bhutan infrastructure in the Himalayan kingdom. 4 agreements related to visas, cyberspace and investments. India and Qatar (PM) Qatar Sheikh Abdullah bin Nasser bin Khalifa Al Thani. MOU on cooperation in peaceful uses of outer space. India and Afghanistan MoU related to support ease of doing business in India. India & UK MoU for cooperation in field of Intellectual Property approved. India & UK India & USA vowed to expand the bilateral defence cooperation. The American defence secretary Ashton Carter termed New Delhi as a "major defence partner". A civil nuclear cooperation agreement & three other agreements — India and Vietnam to enhance aviation links, to jointly work in the area of energy efficiency and promotion of parliamentary cooperation. MoU on Youth and Sports Cooperation, on Standardization India and Indonesia signed three agreements, Cooperation between the Bureau of Indian Standards and the during the visit of Indonesian President Joko National Standardization Agency of Indonesia & Joint Communiqué Widodo. on the Voluntary International Cooperation to Combat Illegal, Unregulated and Unreported (IUU) Fishing and to promote Sustainable Fisheries Governance. MoU for cooperation on broadcasting in exchange of audio visual India and Tajikistan during the visit of Tajikistan programs, to amend the agreement for the avoidance of double president Emomali Rahmon. taxation and prevention of fiscal evasion, Cooperation in the exchange of financial intelligence to deal with crimes related to money laundering and financing of terrorism & To initiate bilateral investment treaty between countries. For setting up a Palestine-India Techno Park in Ramallah, India & Palestine www.bankersadda.com | www.sscadda.com | www.careerpower.in | www.careeradda.co.in GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 Palestine. Setting up of four more centres at Angul, Jajpur, Koraput & Odisha Government with the Software Technology Sambalpur. Parks of India (STPI) Agreement under which a hotline will be set up between officials of India & Sri Lanka the two countries to address the fishermen crisis. Agreements on intellectual property (IP) & for bilateral India & the United Kingdom cooperation on raising ease of doing business. New double tax avoidance pact under which capital gains tax will India & Cyprus be levied on sale of shares on investments. To implement a joint action plan on urban infrastructure Maharashtra govt. with Canada development in the state. Joint Declaration for implementation of Automatic Exchange of India & Switzerland Information (AEOI) Agreements in the field of water resources management & India & Israel Israel Prez Reuven Rivlin agriculture Ten agreements to boost the bilateral cooperation Japan PM Shinzo Abe $750 million deal for 145 M-777 Ultra-Light Howitzers India and USA BETWEEN ORGANIZATIONS/COMPANIES MOU Between Whom? 3-year strategic partnership agreement under which Castrol will Tata Motors and Castrol supply Commercial Vehicle Oils to Tata Motors China has inked an agreement with the New development bank (NDB) set up by the BRICS approving a 525 million yuan loan for a solar power project in the country. Strategic IoT Advisory partnership to combine their advanced KPMG in India and Microsoft India technologies, industry insights, and creative thinking to accelerate the digital transformation of large and mid-market Indian enterprises. MoU to set up a 2400 MW power plant at Gajmara in Dhenkanal National Aluminium Company Limited (NALCO) district of Odisha and supply captive power for expansion plans of and NTPC Limited Nalco at Angul To create more job opportunities for Indian students LinkedIn has signed an agreement with the human resource development ministry For 360-degree virtual tour of 280-odd monuments across the Google with Archaeological Survey of India (ASI) country. 17. 18. 19. 20. 21. 22. 23. 24. 25. 1. 2. 3. 4. 5. 6. NEW APPOINTMENTS (INDIA) S. no 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 12 Newly Appointed Designation(Post)/Department(Company) Constitutional & Other Posts Air Marshal Anil Khosla Took over as Air Officer Commanding-in-Chief Eastern Air Command. David R Syiemlieh Chairman, UPSC. (Replaced Alka Sirohi) Justice Jagdish Singh Khehar 44th Chief Justice of India Najeeb Jung Submitted his resignation from Delhi s Lt. Governor. Anil Baijal Delhi s new Lt Governor Viral Acharya Deputy governor of the Reserve Bank of India Girija Vaidyanathan Appointed Chief Secretary of Tamil Nadu Actor Mithun Chakrabortyha Resigned from the Rajya Sabha citing health issues O Panneerselvam Chief Minister, Tamil Nadu Senior IAS officer B.S. Bhullar Chief of the Directorate General of Civil Aviation (DGCA). Rajendra Kumar Member of the Central Board of Direct Taxes (CBDT) Sunil Arora Director General & CEO of Indian Institute of Corporate Affairs (IICA) Lt General Bipin Rawat Will be the new Chief of Army Staff Senior IPS officer Rakesh Asthana Interim Director of Central Bureau of Investigation (CBI) Air Marshal BS Dhanoa Next Chief of Air Staff Rajiv Jain Chief of Intelligence Bureau (IB) Anil Dhasmana Head, Research and Analysis Wing (RAW) Sushil Chandra Chairman, Central Board of Direct Taxes (replaced Rani Singh Nair) M Rajeshwar Rao RB) s Executive Director ED Replaced G Mahalingam BJP VP Avinash Rai Khanna Member of National Human Rights Commission (NHRC) Yudhvir Singh Malik Chairman, NHAI (Replace Raghav Chandra) www.bankersadda.com | www.sscadda.com | www.careerpower.in | www.careeradda.co.in GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. 36. 37. 38. 39. 40. 41. 42. 43. 44. 45. 46. 47. 48. Pankaj R. Patel President, Federation of Indian Chambers of Commerce & Industry (FICCI) for 2017 Jagdish Singh Khehar Executive Chairman, National Legal Services Authority (NALSA) M. M. Kutty Chief Secretary of Delhi CEO S/Chairman of Companies/Organizations/Banks S Padmanabhan Chairman, Tata Power Co Ltd in place of Cyrus Mistry Rajesh Gopinathan CEO, TCS (Replaced N Chandrasekaran) N Ganapathy Subramaniam COO, TCS Kumar Sharadindu MD & CEO, SBI Pension Funds Pvt Ltd (SBIPFPL) Kalyan Krishnamurthy CEO, Flipkart (Replacing co-founder Binny Bansal) Vikram Pawah President of BMW Group India (Replaced Frank Schloeder) Rajeev Singh )nterim CEO, Prasar Bharati as S C Panda retires in Feb Ramkrishna Quit as CEO of National Stock Exchange (NSE) Sunil Taldar CEO & Director of Airtel Digital TV Shashi Arora MD & CEO of Airtel Payments Bank Amar Abrol MD & CEO, AirAsia Veena Mankar Non-Executive Chairperson of IDFC Bank Former Sebi chief C B Bhave Non-executive Chairman & Independent Director, Vistaar Financial Services Cyrus Mistry Removed as director of Tata Industries Cyrus Mistry Removed as the Director of Tata Consultancy Services (TCS) V G Kannan Chief Executive of the )ndian Banks Association (IBA) V K Sharma Chairman of Life Insurance Corporation (LIC) Rishi Jaitly Twitter's India head quit the company. Parminder Singh Twitter s MD for )ndia, SE Asia & Middle East & North Africa region C.V.R. Rajendran Managing Director & CEO of Catholic Syrian Bank Gurumoorthy Mahalingam Full-Time Member of SEBI Bhaskar Bhat Non-executive & non-independent director, Tata Chemicals Ltd Other Important Appointments George Yeo Chancellor of Nalanda University resigned Mariamma Koshy President, Hockey India NEW APPOINTMENTS (WORLD) S. No 1. 2. 3. 4. 5. 6. 7. 8. 9. Newly Appointed Designation(Post)/Department(Company) President of different countries Jovenel Moise President of Haiti Alexander Van der Bellen Won the Austria's re-run presidential election Shavkat Mirziyoyev President of Uzbekistan Nana Akufo-Addo Won Ghana s presidential election Donald Trump 45th President of the United States PM of different countries Sorin Grindeanu Romania's Prime Minister. Bernard Cazeneuve France s new Prime Minister Paolo Gentiloni Italy's new Prime Minister Kim Byong-joon to replace Hwang PM of South Korea. Kyo-ahn 10. 11. 12. 13. 14. 15. 1. 2. 3. 13 Mayors/Member of Parliament/Envoy/Judges General Motors CEO Mary Barra Named in the US s economic and job-creation panel. Terry Branstad US Ambassador to China Indian-American woman Savita New Mayor of the key Californian city of Cupertino Vaidhyanathan Sanjiv Arora Ambassador of India to the Republic of Lebanon Ami Bera Re-elected to the US House of Representatives Other Appointments UK Senior diplomat Sir Tim New ambassador to the European Union (EU) Barrow Justice Mian Saqib Nisar 25th Chief Justice of Pakistan Shaikh Rafik Mohammed Major General of Kyrgyzstan www.bankersadda.com | www.sscadda.com | www.careerpower.in | www.careeradda.co.in GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 4. 5. 6. Anil Jalali Karan Bajwa Muhtar Kent 7. 8. 9. 10. Dr Barbara Jatta Antonio Guterres, a former Portuguese PM Lt. Gen. Naveed Mukhtar Pulkit Trivedi 11. 12. 13. Sultan Muhammad V Yim Jong-yong Aniruddha Rajput 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. Michael Flynn Jeff Sessions Mike Pompeo Anthony Noto Meng Hongwei Lt-General Qamar Javed Bajwa Nikki Haley Seema Verma Narinder Batra Guy Ryder Chief Human Resources Officer, Capgemini(India) Managing Director of IBM India Pvt Ltd Will step down as the CEO of Coca-Cola in May 2017& will be succeeded by James Quincey Appointed as the first female director of Vatican Museums by Pope Francis Ninth UN Secretary-General succeeding Ban Ki-moon Director-General of the Inter-Services Intelligence (ISI) Industry Director for e-commerce, retail, travel and financial services verticals of Facebook. 15th King of Malaysia Finance minister & deputy PM Indian lawyer won an election in the United Nations General Assembly for membership National security adviser, USA Attorney General, USA Director, Central Intelligence Agency (CIA) Chief Operating Officer (COO), Twitter President of the International Criminal Police Organization (Interpol) 16th Chief of Pakistan Army US Ambassador to the United Nations. Administrator(USA) of the Centers for Medicare & Medicaid Services President of International Hockey Federation (FIH) Director-General (DG) of the International Labour Organisation (ILO) AWARDS S.No 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 14 Awards Winner Awards for Literature Bharatiya Jnanpith Navlekhan Award Shraddha for her short story, 'Hawa Mein Phadphadati Chitthi' & for the year 2016 Ghyansham Devansh for his poem 'Akash Mein Deh' Mumbai-based writer Jerry Pinto, Tamil author Vannadhasan, Hindi writer Nasira Sharma are among 24 others declared the winners of the Sahitya Akademi awards 2016. Jnanpith Award for 2016 Bengali poet and literary critic Shankha Ghosh 26th Bihari Puraskar, 2016 Eminent Rajasthani writer Satya Narayan 2016 Tata Literature Live! Lifetime Acclaimed Indian American fiction author Amitav Ghosh Achievement Award 2016 Tata Literature Live! Poet Laureate Award Lyricist-writer Gulzar First World Sanskrit Award Maha Chakri Sirindhorn, Princess of Thailand Shakti Bhatt First Book Prize 2016 for his book Senior journalist Akshaya Mukul Gita Press & the Making of Hindu India Lifetime Achievement Award 2016 by Marta Jakimowicz Karnataka Lalithakala Academy Country s (ighest (onour Given Shankar Balasubramanian, an Indian- origin British professor of chemistry received a Knighthood along with Olympic stars Andy Murray and Mo Farah among others by Queen Elizabeth II for their contributions. Turner Prize, Britain s top award for Multimedia artist Helen Marten contemporary art Officer of the Legion of Honour, the highest US Secretary of State John Kerry French civilian distinction for contribution in peace effort US President presented the Presidential Medal Grace Hopper (posthumous) of Freedom, the nation s highest civilian honour, Michael Jordan to 21 personalities. Cicely Tyson Some of the important awardees are: Kareem Abdul-Jabbar Robert Redford Elouise Cobell (posthumous) Bill & Melinda Gates Robert De Niro Tom Hanks Diana Ross 2016 International Maritime Organization Captain Radhika Menon (IMO) Award for Exceptional Bravery at Sea www.bankersadda.com | www.sscadda.com | www.careerpower.in | www.careeradda.co.in GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 15. Some Yash Bharti Award 2016 winners Lieutenant General (Retd.) AK Singh Atul Tiwari: Film writer Murad Ali Khan: Trap shooter Naseeruddin Shah: Actor Rachna Govil: Sportsperson Pramod Kumar Choudhary: Social activist Film/Music Awards Emma Stone and Ryan Gosling starrer romantic drama La La Land has been chosen as the best film of 2016 by the New York Film Critics Circle. Manchester won the best actor award for Casey Affleck & Barry Jenkins was recognised as the best director for Moonlight & best actress trophy went to Isabelle Huppert for Elle and Things to Come. 'Award of Recognition' at 'Hollywood Indian filmmaker Onir's documentary, 'Raising The Bar' International Independent Documentary Awards' Sumitra Charat Ram Award for lifetime Noted flautist Pt Hari Prasad Chourasia achievement Latin Grammy Awards 2016 Best Singer-Songwriter Album-Manuel Medrano, Manuel Medrano Record of the Year-Carlos Vives & Shakira, Best Regional Song-"Ataúd," Erika Ender, Manu Moreno & Mónica "La Bicicleta Vélez, songwriters (Los Tigres Del Norte). Best Pop/Rock Album-Julieta Venegas, Algo Best Rock Album-Los Fabulosos Cadillacs, La Salvación De Solo Y Sucede Juan 'Kalidas Samman' national award for 2015-16 Prof Raj Bisaria Hollywood actor Jackie Chan received, an honorary Oscar for his decades of work in filmat the annual Governors Awards. Best Actor Award at the 10th Asia Pacific Screen Bollywood actor Manoj Bajpayee Awards Awards to Scientists/Doctors Winners of Infosys Prize 2016 Prof. V. Kumaran for Engineering & Computer Science: Dr. Gagandeep Kang for Life Sciences Prof. Kaivan Munshi for Social Sciences Prof. Sunit Amrith for Humanities Prof. Akshay Venkatesh for Mathematical Sciences Dr. Anil Bhardwaj for Physical Sciences Other Awards Conferred 'Power & Energy Persona's Award for National Hydroelectric Power Corporation (NHPC) Chairman and Individual Excellence' at the 10th ENERTIA Managing Director K M Singh Awards 2016 )nternational Press )nstitute s )P) )ndia Award Varun Bhatt of Rajasthan Patrika and The Week for Excellence in Journalism, 2016 Ministry of Health and Family Welfare lead by JagatPrakashNadda has won gold in the Web Ratna category in the Digital India awards 2016. Actor Shahrukh Khan has received an Honorary doctorate from Maulana Azad National Urdu University (MANUU) in Hyderabad for his extraordinary contribution in promotion of the Urdu language and culture through his films. 'Audrey Hepburn Humanitarian Award' for her Singer Katy Perry work as UNICEF Goodwill Ambassador. Miss World 2016 Puerto Rico s Stephanie Del Valle Miss Supranational 2016, an international India's representative Srinidhi Shetty beauty pageant "Asian of the Year 2016" by Singapore-based Flipkart founders Sachin Bansal and Binny Bansal newspaper The Straits Times. 1st Indian to win medal at the Mr Olympia event, Mumbai's Iqbal Sayed after winning silver )nternational Children s Peace Prize for her Kehkashan Basu, a 16-year-old UAE-based Indian teenager work towards climate justice & combating environmental degradation PM Modi presented the Ramnath Goenka Awards for Excellence in Journalism. Lifetime Achievement Award, 47th South Korean director Im Kwon-taek International Film Festival of India (IFFI) 39th Jamnalal Bajaj Foundation Awards for Sheikh Rached Ghannouchi. Other winners are Mohan Hirabai Hiralal, 2016 BonBehari Vishnu Nimbkar & Dr. Nannapaneni Manga Devi. Uttarakhand Ratna award Narayan Dutt Tiwari TATA Consultancy Services (TCS) was named Industry Champions in the Leadership category. )ndia s Vedanta Limited was named Top Companies to Work For in Asia. Doodle Google contest 11 year old Pune girl Anvita Prashant Telang Global Citizen Award for his "innovative & Imtiaz Sooliman 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. 36. 37. 38. 39. 40. 15 www.bankersadda.com | www.sscadda.com | www.careerpower.in | www.careeradda.co.in GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 visionary" contribution 2016 International Press Freedom Award 41. 42. 43. Mother Teresa International Award Mother Teresa Memorial International Award for Social Justice Malini Subramaniam(India), Mahmoud Abou Zeid (Egypt), Can Dündar (Turkey) & Oscar Martinez (El Salvador) Shaikh Abdullah Bin Zayed Al Nahyan Faraaz Ayaaz Hossain CURRENT SUMMITS/EVENTS HELD (NATIONAL/INTERNATIONAL) S.No 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. Name of the Summit Location/Held in Other Points SUMMITS HELD NATIONALLY The first edition of Asia-Pacific Broadcasting Union (ABU) International Television Dance Festival is scheduled to be held in Hyderabad the city with royal patronage for arts, literature, and architecture. 14th Pravasi Bhartiya Divas (PBD) convention Bengaluru Theme is 'Role of Diaspora Youth in the Transformation of India'. All India Conference of Chairpersons and Chief New Delhi Executive Officers of States and Union Territories' Waqf Boards Indian Science Congress 2017 Sri Venkateswara University in Andhra Pradesh Assam Biotech Conclave Guwahati CM Sarbanand Sonowal inaugurated Fourth Assam International Agri-Horti show Guwahati, Assam )nternational Conference on Yoga for Diabetes New Delhi Island Tourism Festival 2017 Port Blair in Andaman & Nicobar islands 8th Vibrant Gujarat Global )nvestors Summit Mahatma Mandir in PM Modi inaugurated Gandhinagar Magh Mela festival Sangam in Allahabad, Uttar Pradesh World s first Gender Literature Festival is Patna, Bihar scheduled in 9th World Confluence of Humanity, Power and New Delhi Spirituality, organised by ASSOCHAM in association with Srei Foundation and Times Foundation World Bhojpuri Conference Varanasi, UP 6th 'Heart of Asia' Ministerial conference to Amritsar, Punjab The theme is 'Addressing Challenges, discuss peace, cooperation, and economic Achieving Prosperity'. development in Afghanistan. International Gita Mahotsav Kurukshetra,Haryana Prez. Pranab Mukherjee inaugurated India-UK Conference on Ease of Doing Business New Delhi 28th State Information Ministers Conference Vigyan Bhawan, New (SIMCON), 2016 Delhi The ThalFavangKut festival of Mizoram, which marks the completion of weeding of the farmland by cultivators in the state, was held in Aizawl. International Conference on Decarbonisation of Indian Railways – Mission Electrification held in New Delhi. International Agro-biodiversity Congress, IAC. in New Delhi 7th Session of the Conference of Parties to WHO Framework Convention on Greater Noida Tobacco Control held at India International Trade Fair 24. Pragati Maidan, New delhi Meghalaya First state to start India's first Cherry Blossom Festival 13th World Robot Olympiad India 47th International Film Festival of India Goa SUMMITS HELD INTERNATIONALLY 5th India-Arab Partnership Conference Muscat, Oman 25. 26. 'Digital India' theme Rap the Scrap Aazadi Saal, Yaad Karo Kurbani Partnership towards innovation and cooperation in )T 2016 World Internet Conference concluded in Wuzhen, China. The theme was Innovation-driven Internet Development for the Benefit of All – Building a Community of Common Future in Cyberspace. Asia-Pacific Economic Cooperation (APEC) Forum's Week held at Lima in Peru 8th Conference of Parties (COP) to WHO Framework Convention on Tobacco Switzerland's Geneva 27. 28. 29. 30. 16 www.bankersadda.com | www.sscadda.com | www.careerpower.in | www.careeradda.co.in GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 Control (FCTC) to be held in 2018 24th Asia-Pacific Economic Cooperation (APEC) summit Energy Club of the SCO, 2017 31. 32. 33. Quality Growth Development Theme Lima, Peru Turkey & (uman COMMITTEES IN NEWS S.No 1. 2. 3. 4. 5. 6. 7. Committee NITI Aayog constituted a 13-member committee to promote cashless economy Special panel to stop child trafficking in Bengal Committee to boost Digital Payment system in India Internet and Mobile Association of India (IAMAI) has constituted a committee to fight against the problem of online piracy and develop suitable business standards and best practices for the digital entertainment industry. Chairman of Fund Trustee & Advisory Commission of Kerala To oversee recalibration of ATM machines, RBI set up a task force under. Committee to form a strategy to accelerate the process of transforming India into a cashless economy Headed by Andhra Pradesh CM Chandrababu Naidu Partha Chatterjee Shri. Ratan P. Watal Ajit Mohan of Hotstar Vinod Rai Deputy Governor SS Mundra Niti Aayog CEO Amitabh Kant NATIONAL NEWS Election Commission has announced the dates for the presented. President Pranab Mukherjee has summoned the assembly elections in five states Uttar Pradesh, Uttarakhand, Rajya Sabha to meet on January 31, 2017. The government will add by next month 40 more cities to Punjab, Manipur and Goa. Uttar Pradesh, the biggest state in the list of towns it wants to develop as Smart Cities by the country, will go to polls in seven phases for 403 seats. Prime Minister Narendra Modi and his Portuguese providing funds for initiating urban reforms, Union Minister M Venkaiah Naidu said today. The addition of 40 new cities counterpart Dr Antonio Costa has inaugurated the main will take the total Smart Cities to 100. convention of Pravasi Bhartiya Divas in Bengaluru. Election Commission of India has issued a limitation for PM NarendraModi has laid the foundation stone of Char campaign expense per candidate. In Goa and Manipur, the Dham highway development project in Dehradun. Char limit on election expenses per candidate is Rs 20 lakh. In DhamYatra is an annual pilgrimage to the shrines of Punjab, Uttar Pradesh and Uttarakhand the election Kedarnath, Badrinath, Gangotri, and Yamunotri. The project expenses limit per candidate is Rs 28 lakh. includes developing 900 km of National Highways in N Chandrasekaran, Chairman designate of Tata Sons, has Uttarakhand at Rs 12,000 crore. inaugurated the Kohli Research Block at the International Institute of Information Technology at Gachibowli, Hyderabad. Japan has decided to be associated with the development of Chennai, Ahmedabad and Varanasi as smart cities. State-owned fuel retailers, Indian Oil Corporation (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) will offer an upfront discount of Rs 5 on every LPG refill to all LPG customers who will book and pay for it online. Prime Minister Narendra Modi has released special commemorative stamps on Prakash Parv in 350th birth anniversary of Guru Gobind Singh in Patna on 05th January 2017. India is all set to get its first wax museum in June 2017 The Government of India has approved cadre review and unveils Wax Figures Of Amitabh Bachchan, Lady Gaga. formation of the Indian Enterprise Development Service Madame Tussauds, the legendary wax attraction (IEDS) in the Office of the Development Commissioner, entertainment hotspot is all set to open its doors in capital Ministry of Micro, Small and Medium Enterprises. New Delhi. Union Cabinet has Approved Ordinance to amend Payment Chief Minister of Kerala, Pinarayi Vijayan has inaugurated of Wages Act, 1936. The Centre approved a draft ordinance the first solar-powered boat of the state water transport to empower states and enable industries to pay wages by department, Aditya at a function held in Vaikom boat Jetty in cheque or by direct credit into bank accounts of workers Kerala. earning up to Rs. 18,000 a month, without taking their The Budget session of Parliament convened to start from explicit consent. January 31, a day before the Union Budget is likely to be 17 www.bankersadda.com | www.sscadda.com | www.careerpower.in | www.careeradda.co.in GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 The registration fees for Hindus and other minority community people from three neighboring countries comprising Pakistan, Afghanistan, and Bangladesh, to register as Indian citizens have been reduced drastically to Rs 100 from Rs 15,000. Prime Minister Narendra Modi laid foundation of the firstever Indian Institute of Skills of the country at Kanpur in Uttar Pradesh. The institute is aimed at making youth more employable and self-reliant. He also inaugurated Kaushal Pradarshini or skill exhibition for the youth of Uttar Pradesh. The Centre has decided to set up a single, permanent Tribunal to adjudicate all inter-state river water disputes subsuming existing tribunals, a step which is aimed at resolving grievances of states in a speedy manner. The five-day India-Nepal Folk Crafts Festival (INCF-2016) begins in Kathmandu, Nepal to promote cultural exchanges between the two countries. The Main aim of the festival to promote crafts based bilateral relations and enhance cultural exchanges between the artisans of India and Nepal. Union Government has approved inclusion of 15 new castes and modification of 13 other castes in the Central List of Other Backward Classes (OBCs). India will train Qatar police for handling the security during the FIFA World Cup 2022 scheduled to be held in that country. Driven by increased 4G and 3G penetration, India's internet population is likely to increase from current 343 million users to 600 million by 2020, According to a study by ASSOCHAM and Deloitte. In order to enhance cooperation in education sector between India and Egypt, Center has decided to set up a center of Excellence in Information Technology at the AlAzhar University which is the oldest and most prestigious the University of Egypt. President Pranab Mukherjee has launched a campaign, to end child labour, child slavery and violence against children. He launched the '100 Million for 100 Million Campaign' organised by The Kailash Satyarthi Children's Foundation. Nitin Gadkari, the Union Minister for Road Transport, Highways and Shipping laid the foundation stones for 17 road projects on 11 December 2016 during two functions held at Jiribam and Imphal. Rajiv Gandhi International Airport (RGIA), Hyderabad has achieved carbon neutral status. It is the first in the AsiaPacific region in the 5-15 million passengers per annum category to attain this status. The ever-popular border viewing point of the Wagah border will soon be recreated in Gujarat s Banaskantha district. Union Cabinet approved the protocol for amending the agreement between India and Tajikistan for the avoidance of double taxation. India will contribute $500,000 to the UN Central Emergency Response Fund (CERF) for the year 2016-17 announced by )ndian diplomat Anjani Kumar a counsellor at )ndia s UN Mission at the pledging session held at UN. The World Bank Group has halted the two concurrent processes initiated by India and Pakistan under the Indus Water Treaty. 18 www.bankersadda.com | www.sscadda.com Government of India informed that it has extended the eTourist Visa facility to citizens of 161 countries. Further, the number of foreign tourist arrivals on e-Tourist Visa from January to November this year has grown 168.5% over the same period last year. The Centre, along with NTPC, REC & PFC, will soon launch a USD 2 billion clean energy equity fund to support the government's ambitious target of adding 175 GW renewable energy generation capacity by 2022. 128th anniversary of Nobel laureate Bharat Ratna Sir CV Raman celebrated on 7th November. Centre has decided to open Pradhan Mantri Kaushal Vikas Kendra in every Parliamentary Constituency to impart skill training to the people & make them employable. )ndia s first liquefied natural gas-driven bus has been launched in Kerala. President of India, Shri Pranab Mukherjee inaugurated the Diamond Jubilee Celebrations of Export Credit Guarantee Corporation of India Limited (ECGC) in New Delhi. India signed a nuclear deal with Japan during the bilateral summit held in Tokyo. India is the first non-member of the non-proliferation treaty (NPT) to have signed such a deal with Japan. United States (US) announced two financial projects worth 95 million US dollars for India which aimed at bringing more energy-efficient appliances to rural sector of the country. India became an Associate Member State of European Organization for Nuclear Research (CERN) by signing an agreement with the organisation. CCEA approved the setting up of Jawahar Navodaya Vidyalaya (JNV) in 62 uncovered districts with an outlay of Rs 2871 crore. Antonio Costa, the PM of Portugal, will be the Chief Guest at the 14th Pravasi Bharatiya Divas. Michael Ashwin Satyandre Adhin,VP of the Republic of Suriname will be the Special Guest at Youth Pravasi Bharatiya Divas. India elected as Vice Chair of Kimberly Process Certificate Scheme (KPCS) 2018 & as the Chair for 2019 of KPCS. Govt. inaugurated Hunar Haat (Skill Haat) exhibition at India International Trade Fair (2016) at Pragati Maidan in New Delhi that aimed at supporting & promoting artisans from minority communities. HRM Minister Prakash Javadekar launched Vittiya Saksharata Abhiyan that aimed at making people aware about the cashless economic system. Govt. gave its approval for the inclusion of 15 new castes & modification of 13 others in the Central Other Backward Castes (OBC) list. Asia s first & longest cycle highway inaugurated in Uttar Pradesh by CM Akhilesh Yadav. This is )ndia s first cycle highway. The 207 kms cycle highway connects the Taj City Agra & the Lion Safari at Etawah. Akodara village in Sabarkantha district of Gujarat became the first digital village in India. | www.careerpower.in | www.careeradda.co.in GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 INTERNATIONAL NEWS Norway has become the first country to cease FM radio China has passed a new law to levy environment tax on broadcasting. polluters, especially on heavy industries. China has launched its longest high-speed train service from A 2,700-square-meter skating space, which is being Kunming capital of south-west China's Yunnan Province to considered the world's largest non-permanent indoor ice Beijing. The train named 'Shangri-la of the World' left rink, recently opened at the Grand Palais in Paris. Kunming at 11:05 am on a 2,760-km trip to Beijing. China and Pakistan have launched a direct rail and sea freight service with the first cargo train departing from India's largest LNG importer Petronet has signed an China s southwestern Yunnan province. agreement to set up a $950 million liquefied natural gas Spanish city has changed its name for the third time in a import project in Bangladesh. Russia has finally delivered four Sukhoi Su-35 fighter jets to decade, renaming itself Palma from Palma de Mallorca. China after a delay of two years. Tasmania-based Women's Legal Service in collaboration The th edition of Nepal s five-day Chitwan Elephant with TRS Law Offices (India) has launched a website Festival kicked off in Kathmandu with the participation of (www.Girlsgottaknow.In) for women in the country to over 50 elephants. educate them about their legal rights. Finland has become the first country in the world to pay a Thailand named its crown prince Maha Vajiralongkorn as its basic income to randomly picked citizens on a national level new king after the passing of King Bhumibol Adulyadei. Singapore has the highest achieving students in in an aiming at dismissing poverty, motivate people to join international education rankings, with its teenagers coming work force and decrease unemployment. The UK s ambassador to the European Union )van Rogers top in tests in maths, reading and science. resigned from his post. Pakistan has removed an undeclared ban on import of United States has announced the end of a 20-year economic ginned cotton from India. A black civil rights leader who led a struggle against antiembargo on Sudan, lifting trade and financial sanctions in an black segregation and racism in Canada in the 1940s will be effort to foster ties with the Sudanese government. the first Canadian woman to figure on a banknote. Viola Five Indian Americans Takes Oath as Members of US Desmond will appear on the Canadian $10 bill - replacing Congress. They are Kamala Harris, Ami Bera, Ro Khanna, the nation's first prime minister John A Macdonald. Raja Krishnamoorthi and Pramila Jayapal. China is setting up the world's highest altitude gravitational Organisation of the Petroleum Exporting Countries (OPEC) wave telescopes in a Tibet prefecture close to Line of Actual and non-OPEC Russia reached a mutual agreement on their Control with India with a budget of $18.8 million to detect first deal since 2001, to jointly restrict oil production to faintest echoes resonating from the universe. control the excess global availability of the oil and thus China's Central Bank (People's Bank of China) says, the boost oil prices. country's foreign currency reserves shrank last year, The world s longest tunnel, Gotthard Base Tunnel GBT in marking large annual losses for the 2nd year in a row. Switzerland was opened for regular rail services. Officials at the People's Bank of China said that foreign EU has signed a deal with Cuba on political dialogue and reserves stood at over three trillion dollars as of the end of cooperation, with Cuba being the only Latin American December, 2016. country to lack such an agreement earlier. US President-elect Donald Trump has named Dan Coats as The Marvelous City or Rio de Janeiro officially has entered his National Intelligence Director. into the UN s list of world heritage sites. Japanese Prime Minister Shinzo Abe has signed a 1-trillion Labour Minister of Qatar, Issa bin Saad al-Jafali al-Nuaimi yen, about 8.7 billion dollars, aid package over the next five formally announced the end of its controversial kafala years to the Philippines, meant to improve economic and system, which was the biggest ever labour reform in Qatar. Nobel Peace Laureate Jose Ramos-Horta urged for peace in political relations between the two island nations. United States has called for a partnership between India, Jammu and Kashmir. Pakistan, and Afghanistan on counter-terrorism operations. Canadian PM Justin Trudeau & top EU officials signed the France s airspace regulator, General Directorate for Civil comprehensive economic & trade agreement, known as Aviation, has approved the plan to launch drone delivery Ceta, paving the way for most import duties to be removed program, making France the world s first national postal early next year. service to use drones regularly. To boost ties with India, Australian govt. announced 19 )ran s President (assan Rouhani has unveiled a landmark grants worth $6,30,000 dollars for several projects in the Bill of rights guaranteeing freedom of speech, protest, fair field of education, science, sports, arts & culture. trials and privacy. The Paris Agreement officially entered into force recently. The agreement deals with greenhouse gases emissions Nepal has announced to hold its first ever joint military mitigation, adaptation & finance. As of November 2016, 192 exercise with China from February 10, 2017 to begin a new states & the European Union have signed the level of bilateral military engagement with China. The world's highest bridge has opened to traffic in China, Agreement; 97 of those parties have ratified or acceded to connecting two provinces in the mountainous southwest the Agreement. Bollywood actor Ranveer Singh named the first Indian and reducing travel times by as much as three-quarters. US President Barack Obama has signed into law the USD 618 ambassador for Switzerland Tourism. British government has announced that, 4 rupeebillion defence budget for 2017, which enhances security cooperation with India. denominated bonds worth of 600 million pounds are 19 www.bankersadda.com | www.sscadda.com | www.careerpower.in | www.careeradda.co.in GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 expected to be listed in London. These bonds will provide financing to expand India's highway & rail networks. More than 20 countries, including Brazil, France & India, signed the framework agreement of the International Solar Alliance (ISA) at Marrakech, Morocco. Pakistan s PM Nawaz Sharif inaugurated a trade route linking the south-western Gwadar port to Kashgar city in China as part of $46 billion project to jumpstart economic growth in the South Asian country. International Monetary Fund (IMF) has approved a three-year $12 billion loan program for Egypt, the largest such package to a Middle East nation. The loan will help in boosting Egypt s foreign currency inflows. Australia announced an online program for its preschools to learn foreign languages, including Hindi from 2017. Bulgarian PM Boyko Borisov gave resignation of his cabinet after his party s candidate Tsetska Tsacheva , failed to win the country s presidential election. President Vladimir Putin has signed an executive order removing Russia s signature from the )nternational Criminal Court s founding treaty. Former PM, Francois Fillon has won France s conservative presidential primary, defeating opponent Alain Juppe by a landslide. Congress of Colombia approved the revised peace deal with the Revolutionary Armed Forces of Colombia (FARC) rebel group. Juan Manuel Santos, President of Colombia, & Rodrigo Londono, the leader of the FARC signed a revised peace agreement. Parliament of Thailand invited Crown Prince Vajiralongkorn to be the new king of the country. Bangladesh will honour the families of 1668 martyrs of the Indian Army who fought in the 1971 India-Pakistan war, which resulted in the liberation of East Pakistan Bangladesh , on the event s th anniversary. Aeroplane carrying 81 people on board including Brazilian first division soccer team crashed on its way to Medellin's international airport. The aircraft embarked from Bolivia, was transporting the Chapecoense soccer team. STATE IN NEWS Rajasthan in News Rajasthan High Court cancelled the Rajasthan Special Backward Classes (SBC) reservation Act 2015 that allowed for 5% quota to Gujjars and five other communities of the state. Rajasthan government has launched a subsidised meal scheme Annapurna Rasoi'. As per the scheme, the poor and the needy will get breakfast for Rs 5 and lunch or dinner for Rs 8. Andhra Pradesh & Telangana in News Mori, a tiny village under Sakhinetipalli mandal in East Godavari district of Andhra Pradesh, sealed its place on India's digital map by transforming completely into a Smart Digital Village, in every sense of the term. The Centre has released Rs 1,982 crore for the multipurpose Polavaram irrigation project in Andhra Pradesh through National Bank for Agriculture and Rural Development (NABARD). Maharashtra & Goa in News Maharashtra Government has declared to ban the use of Purse Seine Nets for fishing across Maharashtra to safeguard the Fingerlings, a fish species. Maharashtra government has launched )ndia s largest public WiFi service called 'MumbaiWifi'. PM NarendraModi laid the foundation stone of Pune Metro project's Phase-I. PM Modi said the government is actively working on the Rurban Mission, which caters to the places that are urbanising quickly. Chief Minister Devendra Fadnavis launched an initiative 'Transform Maharashtra' at IIT Bombay's 'Mood Indigo' festival. Union Cabinet has approved the Mumbai Urban Transport Project Phase-III estimated to cost Rs 10,947 crores on completion. Dhasai village in Thane district has become the first "cashless village" in Maharashtra. The 15th Pune International Film Festival will be held from January 12 to 19. Around 250 films in different categories will be screened at the festival. The festival director Jabbar Patel said the theme for this year's festival is Environment. The Serendipity Arts Festival (SAF) is scheduled to be held in Goa. The festival will see a stellar line-up of 33 global artists, who will display their work at the eight-day inspiration-packed festival. Karnataka in News In an effort to reduce pollution caused by diesel buses, Karnataka State Road Transport Corporation (KSRTC) has launched 25 bio-diesel buses in the state. These ecofriendly buses will ply on four routes, including Tirupati and Chennai. 20 www.bankersadda.com | www.sscadda.com Haryana in News In Haryana, the State level Prarambh School for Teachers Education would be set up at village Silani in district Jhajjar over an area of 10 acres. Haryana Government has decided to set up a pilot corridor for an innovative concept of Caterpillar Train that will fly over city s traffic, in Gurgaon city. Haryana government has signed MoU with Andhra Pradesh to assist it compile a centralised database of its population. Gujarat in News Gujarat CM Vijay Rupani dedicated India's first laser technology-based advanced AVMS RTO check-post at Shamlaji of Aravalli district in Gujarat. The check-post is equipped with advanced ray technology with a cost of Rs 4.72 crore. Gujarat government has come up with India's first student startup and innovation policy, which aims to provide Rs 200 crore in the form of grants to ideas developed by them. | www.careerpower.in | www.careeradda.co.in GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 Punjab & J&K in News The foundation stone for India's first second generation ethanol bio-refinery to be set up by Hindustan Petroleum Corp (HPCL) at Bathinda in Punjab at a cost of Rs 600 crore. Union Cabinet has approved Rs 2,000 Cr development package for one-time settlement of 36,384 displaced families from Pakistan occupied areas of Jammu and Kashmir and Chhamb. Lanura, a village in Budgam district of Jammu and Kashmir (J&K), became the first village in the state to go cashless. Punjab government has launched country's first amphibious bus project at the Harike wetland near Amritsar. Odisha in News Odisha's World famous 11-day gala festival Bargarh Dhanua Jatra has organised in January 2017.All rituals were performed before Goddess Samaleswari, the presiding deity of the event. Odisha government has decided to intensify state sponsored malaria elimination scheme 'Daman' (DurgamaAnchalare Malaria Nirakaran) in eight remote districts of the state. State Cabinet of Odisha has named the Mega Lift Irrigation Scheme worth Rs. 7,600 crore, after the noted freedom fighter and social reformer ParbatiGiri as a mark of respect for her immense contribution to the freedom movement and service to the poor and needy. Odisha CM Naveen Patnaik inaugurates the 55,000-tonne per annum (TPA) Odisha ferro-chrome plant set up by Tata Steel at a cost of Rs 542 crore in its Gopalpur Industrial Park in Ganjam district. Odisha government has decided to construct more 2,000 kilometre of cement concrete roads under the Gopabandhu Gramin Yojana in rural areas by March 2017. The State government has allocated 1,000 crore rupees for the Gopabandhu Gramin Yojana. Delhi in News Power Minister Piyush Goyal has unveiled world's largest street light replacement programme in South Delhi Municipal Corporation (SDMC) area. Other States News Sikkim has emerged as the )ndia s first fully organic state by converting around 75,000 hectares of agricultural land into sustainable cultivation. 21 www.bankersadda.com | www.sscadda.com With a view to promoting the dairy sector and rural livelihoods in Arunachal Pradesh, the border state has signed a MoU with National Dairy Development Board (NDDB) during the Vibrant Gujarat Global Summit 2017. Bihar Cabinet has declared 50 per cent reservation in all judicial services for aspirants belonging to the Extremely Backward Classes, Other Backward Classes, Scheduled Castes and Scheduled Tribes. Assam CM SarbanandaSonowal has launched 'AtalAmritAbhiyan' Scheme across the State. The initiative is a health assurance scheme which will give comprehensive coverage for six diseases and cover all individuals in eligible families with annual income below Rs 5 lakh. Union Minister of State for AyushShripadYessoNaik has inaugurated the North Eastern Institute of Ayurveda and Homeopathy (NEIAH), which aims at providing alternative health care to people of the northeastern region and Sikkim. Minister of State for Development of North Eastern Region Dr. Jitendra Singh has announced to provide 207 crore rupees for protection and development of the world heritage island Majuli located along river Brahmaputra in Assam. Chhattisgarh Chief Minister Raman Singh has launched )ndia s first cashless bazaar in Raipur. This Smart bazaar consist of nearly Over 900 shops which are providing the facilities of cashless payments using POS, UPI and other digital systems to its customers. The 12-foot-tall stone statue of renowned Tamil poet and philosopher-saint Thiruvalluvar was inaugurated at MelaBhawan premises in Haridwar, Uttarakhand by Chief minister Harish Rawat. BJP led Assam government has roped in Bollywood actress, Priyanka Chopra as the brand ambassador of state tourism. She will promote brand entity of "Awesome Assam". Manipur Chief Minister Okram Ibobi Singh has inaugurated two new districts Pherzawl and Noney. Now, the total number of the district is 11. Raj Bhawan of Himachal Pradesh has adopted the cashless system for all kind of payments. In Himachal Pradesh, the first Cyber Crime Police Station has been opened at state police headquarter in Shimla. Himachal Pradesh has achieved 100 percent Aadhar saturation on the basis of population of year 2015. With this, it become the sixth State/UT in the Country. Hailakandi has become the first district in Assam to pay wages to tea garden workers through individual bank accounts. 21st International Film Festival of Kerala began in Thiruvananthapuram. Kerala s Chief Minister Pinarayi Vijayan has inaugurated the third edition of the Kochi-Muziris Biennale (KMB) at an inaugural event in Parade Ground, Fort Kochi. The Coimbatore City Municipal Corporation in Tamil Nadu has been selected for Digital India Award instituted by Ministry of Electronics and Information Technology. Uttar Pradesh Government has tied up with Tata Trusts to acquire digital platforms to strengthen the public distribution system (PDS) in the state. | www.careerpower.in | www.careeradda.co.in GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 OBITUARIES (NATIONAL/INTERNATIONAL) S.No 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 1. 2. 1. 2. 3. 4. 5. Person Died Profession/Famous In? Politician (National-International) H S Mahadeva Prasad Former Karnataka minister for co-operation and sugar Akbar Hashemi Rafsanjani Former Iranian President Surjit Singh Barnala Former Punjab Chief Minister Sunderlal Patwa Former Madhya Pradesh Chief Minister Ratnasiri Wickremanayake Former Sri Lankan Prime minister Jayalalithaa Jayaraman Former Tamil Nadu Chief Minister Saumitra Chaudhuri Former Planning Commission member Mangat Ram Sharma Former Jammu & Kashmir Deputy CM Janet Reno First woman Attorney General of US Lt Gen S K Sinha Former Jammu & Kashmir Governor Fidel Castro Leader of Cuba Ram Naresh Yadav Former Governor of Madhya Pradesh Singer/Musician(National-International) Abdul Halim Jaffer Khan Renowned Sitar maestro British singer George Michael Pandit Amaradeva Legendary Sri Lankan singer & composer Leonard Cohen Canadian singer-songwriter Actor/Director/Producer(National-International) Om Puri Veteran actor Jagannatha Varma Veteran character actor Carrie Fisher Actress, known for playing Princess Leia Bernard Fox Actor who was best known for his role in Titanic. Author/Journalist/Activist/Painter(National-International) Dinanath Bhargava Co-artist in the team that sketched the national emblem Lion Capital of Ashoka Srinivasa Iyer Ramaswamy or Political satirist and founder editor of Thuglak magazine Cho Ramaswamy John Glenn Former NASA astronaut and Democratic US Senator from Ohio Henry Judah Heimlich Inventor of life-saving Heimlich manoeuvre Anand Yadav Marathi author Dilip Padgaonkar Journalist & former Editor-in-Chief of the Times of )ndia Dr Viveki Rai Hindi & Bhojpuri litterateur Sportsmen/Sportswomen(National-International) Phulel Singh Sujlana Former international hockey umpire and veteran administrator Walter Swinburn One of the most renowned jockeys Others(National-International) Vera Rubin Astronomer Denton Cooley Renowned heart surgeon Mota Singh UK s first-ever ethnic minority judge MGK Menon Renowned physicist Janardhan G Negi Noted geophysicist LIST/INDEXES ANNOUNCED RECENTLY S.no 6. 7. 8. 9. 10. 22 Name of the Index/List Rank of India Topped By? India has slipped 3 places to 92nd rank on the global index of talent competitiveness that measures how countries grow, attract and retain talent, a list topped by Switzerland. Highest average annual salary to expatriates, according India has ranked third Switzerland to HSBC Holdings data Delhi emerged as the country's most well-read city with Bengaluru and Mumbai taking the second and third spot, according to Annual Reading Trends Report 2016 by Amazon. Fifth Forbes India Celebrity 100 List Salman Khan has been ranked No. 1 Global Wage Report, India has among the worst levels of gender wage disparity. Men earning more than women in similar jobs with the gap exceeding 30% www.bankersadda.com | www.sscadda.com | www.careerpower.in | www.careeradda.co.in GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. TIME magazine named as Person of the Year 2016 Forbes magazine's 2nd annual list of wealthiest entrepreneurs under the age of 40 US President-elect Donald Trump Vivek Ramaswamy ranked Facebook founder Mark 24th & Apoorva Mehta at Zuckerberg 31st Global Thinkers of 2016 List compiled by the Foreign External Affairs Minister Sushma Swaraj and philanthropist Policy magazine. couple Anupama and Vineet Nayar are among the Indians Forbes list of World's Most Powerful People PM Modi has ranked 9th Russian Prez Vladimir Putin A Gujarat-born activist, Jayaben Desai made it the BBC s most influential women of the past years list. Reliance Industries Chairman Mukesh Ambani ranked 38 on the World's Most Powerful People list for 2016 by Forbes. Asia's innovation chart Index India Topped Annual Forbes Fab 40 list 2016 Mahendra Singh Dhoni Swiss tennis legend Roger remains the most valued Federer topped. Indian athlete in 2016 ranked at 10. Grant Thornton International Business Report India 2nd on the global Indonesia took the top spot scale for business optimism International Telecommunication Union (ITU) India at 138th rank Topped by the Republic of Measuring the Information Society Report Korea Climate Change Performance Index (CCPI) 2017 India at 20th France ranked at 4th leads the Morocco, the host for the list. COP 22, ranked at 8th. Top 3 ranks left empty IMPORTANT DAYS OBSERVED RECENTLY S.No 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 23 Date Day Theme 3rd Jan 2017 186th birth anniversary of Savitribai Phule Hailed as the country's first woman teacher 10th Jan 11th World Hindi Day 15th Jan 69th Army Day 12th Jan National Youth Day, the birthday of Swami Vivekananda 23rd Dec Kisan Diwas to celebrate the birth anniversary of Ch. Charan Singh. 25th Dec Good Governance Day to mark the birthday of former Prime Minister AtalBihari Vajpayee 1st December World AIDS Day (ands Up for ()V Prevention . 2nd December National Pollution Control Day 2016 3rd December International Day of Persons with Disabilities Achieving 17 Goals for the Future We Want 4th December Indian Navy Day 5th December International Volunteer Day (IVD) Global Applause – give volunteers a hand" 5th December World Soil Day 2016 Soils and pulses, a symbiosis for life . Dr BR Ambedkar's birth anniversary to be observed as 'Water Day' across the country on 14 April, will be observed as Water Day across )ndia. 10th December The Human Rights Day is observed across the world on 10 December every year. 5th November First World Tsunami Awareness Day Effective Education & Evacuation Drills November 20th United Nations Universal Children s Day 19 November World Toilet Day Toilets & Jobs 12 November World Pneumonia Day Keep the Promise, Stop Pneumonia Now 14 November World Diabetes Day "Eyes on Diabetes" 16 November International Day for Tolerance 3rd Thursday of World Philosophy Day November 26 November National Milk Day. Birth anniversary of Dr Verghese Kurien, the Father of the White Revolution 25 November International Day for the Elimination of Orange the World - raise funds to end violence Violence against Women against women 21 November World Television Day Third Sunday of World Day of Remembrance for Road Traffic Vital post-crash actions: Medical Care, November Victims Investigation, Justice! 20 November Universal Children s Day 1 December World AIDS Day Hands up for #HIVprevention www.bankersadda.com | www.sscadda.com | www.careerpower.in | www.careeradda.co.in GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 BOOKS & AUTHORS Books The People's President: Dr APJ Abdul Kalam "Many Everest" An Inspiring Journey of Transforming Dream into Reality Author SM Khan Books Author Former wrestler and coach Mahavir Singh Phogat authorized biography 'Akhada' released. Ravindra Kumar Amazon announced that the Harry Potter and the Cursed Child as the best-selling book of 2016. The playscript by JK Rowling, Jack Thorne and John Tiffany & is also named this year's 'Most Wished For' & 'Most Gifted' book. The book titled Courts of )ndia – Past to Present released by the Supreme Court of India. It was authored by the Editorial Board comprises members of both the Bench and the Bar. An Era of Darkness: The Dr. Shashi Tharoor British Empire in )ndia Death under the Deodars: Ruskin Bond The Adventures of Miss Ripley-Bean The autobiography of )ndia s batting legend Sachin Tendulkar Playing it my way has won the prestigious Crossword Book of the Year Award. It is penned by renowned cricket historian and Tendulkar s close friend Boria Majumdar. Bishweshwar Nandi, coach of Dipa Karmakar will co-author her memoir titled: Dipa Karmakar: The Small Wonder . 'The Legend of Lakshmi Prasad' Conflicts of Interest: My Journey through India's Green Movement Twinkle Khanna Sunita Narain DEFENCE NEWS MISSILE LAUNCHED/INS INDUCTED India has successfully test-fired its home-grown long range subsonic cruise missile Nirbhay from the Integrated Test Range (ITR) at Chandipur on sea off Odisha coast, for a distance of about 1,000 km. India has successfully test-fired its home-grown long range intercontinental surface-to-surface nuclear capable ballistic missile Agni-IV from the Abdul Kalam Wheeler Island off Odisha coast. DRDO successfully carried out maiden flight of TAPAS 201 (RUSTOM – II), a Medium Altitude Long Endurance (MALE) Unmanned Aerial Vehicle (UAV). Lt-General A K Bhatt appointed as the Director-General of Military Operations (DGMO) & succeeds Lt-General Ranbir Singh. INDIAN ARMY IN NEWS 7th edition of Exercise EKUVERIN will be held in December 2016 at Kadhdhoo, Laamu Atoll, Maldives. It is platoon level joint military exercise between the Indian Army & the Maldives National Defence Force. The )ndian Navy s offshore patrol vessel Sumitra reached Darwin, Australia. It returned to India after participating in 24 www.bankersadda.com | www.sscadda.com the Royal New Zealand Navy International Naval Review 2016. The joint military training exercise Sampriticonducted between India & Bangladesh at Tangail, Dhaka, Bangladesh. The Indian army has successfully completed its task of laying an irrigation pipeline in the Demchok region of Eastern Ladakh. The 6th Indo-China joint training exercise Hand- in- Hand 2016 held at the parade ground in Aundh Military Camp, Pune. INDIAN NAVY IN NEWS Khanderi, the second Scorpene class submarine that has superior stealth and the ability to launch a crippling attack with torpedoes as well as tube-launched anti-ship missiles whilst underwater or on the surface, launched at the Mazagon Dock Shipbuilders Limited, Mumbai. Defence Acquisition Council okayed defence requirements worth approximately Rs 7,000 crore. These include purchasing six modern surveillance aircraft for the Indian Coast Guard. The Russian-Indian- Indra NAVY-2016 naval exercise will be held in this December. It will be held in the city of Visakhapatnam and in the Bay of Bengal. The annual bilateral maritime exercise Konkan 16 between the Indian Navy and the Royal Navy (British Navy) started in Mumbai, Maharashtra. Indian Navy formally inducted four types of indigenously developed sonars that will boost its underwater surveillance capability. The systems included Abhay, which is a compact hull mounted sonar for shallow water crafts; Humsa UG, which is an upgrade for the Humsa sonar system; NACS, or the Near-field Acoustic Characterisation System; & AIDSS, or the Advanced Indigenous Distress sonar system for submarines. | www.careerpower.in | www.careeradda.co.in GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 Guided Missile Destroyer INS Chennai commissioned into the Indian Navy by Defence Minister Manohar Parrikar at the Naval Dockyard, Mumbai. Indian Navy Sailing Vessel (INSV) Mhadei with an allwomen crew was flagged off from Goa to Cape Town, South Africa. INDIAN AIR FORCE IN NEWS India tested its Agni-V intercontinental ballistic missile (ICBM) in its final operational configuration from Wheeler Island off Odisha, paving the way for its eventual induction into the Strategic Forces Command (SFC) after user-trials. The upgraded Jaguar DARIN III twin-seat aircraft received the Initial Operation Clearance (IOC). IOC is a significant milestone for )ndia s military aviation sector. OTHER DEFECNE NEWS Border Security Force BSF launched operation Sard (awa at the western international border of Rajasthan, under which vigil will be beefed-up to check the instances of infiltration due to the dense fog in the area. Pakistan has fired its first submarine-launched cruise missile, a show of force for a country that sees its missile development as a deterrent against arch-foe India. DRDO successfully flight tested the Smart Anti-Airfield Weapon (SAAW) at the Integrated Test Range at Chandipur off Odisha coast. China commissioned its first seven-tonne helicopter, AC352 civil helicopter can be used for operations like search and rescue and law enforcement, marking a new advancement in its aviation industry. Japan's space agency has announced successfully launched a 26-metre-long rocket named Epsilon-2, which put a satellite that helps study radiation belts in orbit. In order to further boost its growing defence ties with Vietnam, )ndia has agreed to train the southeast nation s Sukhoi-30 fighter pilots. Pakistan has successfully test-fired an enhanced version of an indigenously-designed cruise missile Babur, that can hit targets at 700km with all kinds of warheads, bringing many Indian cities within its range. A team of women commandos has been inducted for the first time in Central Reserve Police Force (CRPF) to counter Naxal insurgency in Jharkhand. A Naxal or Naxalite is a member of any of the Communist guerrilla groups in India, mostly associated with the Communist or Leftist ideology. SPORTS NEWS CRICKET NEWS Supreme Court of India has stripped Anurag Thakur of his powers as BCCI President for not complying with the orders of the apex court with regard to implementation of the Lodha committee reforms. Gujarat won their first ever Ranji Trophy title beating Mumbai by five wickets in the final at the Holkar stadium in Indore. With this title, Gujarat have won the domestic titles in T20, one-day and Ranji. MS Dhoni has stepped down as the captain of India's limited-overs sides. Arthur Morris, who became the 82nd player to be inducted into the ICC Cricket Hall of Fame, was given the honour posthumously. Consulate General of India in Dubai has announced launch of the 'Diplomats Cricket Championship Cup' in association with the Skyline University College, Sharjah, to promote sportsmanship, camaraderie, and harmonious relationship among the diplomatic missions of UAE. BJP Mumbai unit chief Ashish Shelar has been appointed as Maharashtra Cricket Association (MCA) president. Sylar takes over from the former ICC president Sharad Pawar. West Indies turned to former batsman Jimmy Adams into their new director of cricket Association. RavichandranAshwin has won both the ICC Cricketer of the Year and the ICC Test cricketer of the Year award after he was named as the only )ndian in )CC s Test Team of the Year. ViratKohli was named the captain of the ICC ODI Team of the Year. India, coached by Rahul Dravid, continued their dominance in the Asia Cup as they clinched the U-19 title by defeating Sri Lanka in the final at the R Premadasa stadium in Colombo. 25 www.bankersadda.com | www.sscadda.com After the release of ICC and Cricket Australia's list of best players of 2016, Lord's Cricket Ground have followed the trend and selected top 20 players for this calendar year. Gujarat s opening batsman Samit Gohel made history by scoring runs not out during his team s Ranji Trophy quarter final against Odisha.It is the highest unbeaten score by an opening batsman in first-class cricket. India has won the five-match test series against England, 4. Karun Nair s triple century in the first innings of the fifth test match against England was the key factor in the enormous win of India. Virat Kohli is the man of the series for his 655 runs in the series. )ndia women s cricket team won the Asia Cup T20 after beating arch-rivals Pakistan in the final. Larsen & Turbo (L&T) has bagged a contract from the Gujarat Cricket Association (GCA) to make Sardar Patel Cricket Stadium of Gujarat the world s biggest cricket stadium in terms of seating capacity. Virat Kohli became the first Indian to score three double hundreds in a year, playing against England. India batswoman Smriti Mandhana has been named in the )CC Women s Team of the Year , the )nternational Cricket Council (ICC) announced. Ravichandran Ashwin became the first bowler ever to complete 50 wickets in two consecutive calendar years. Debbie Hockley elected as president of New Zealand Cricket, becoming the first woman to hold that role. FOOTBALL NEWS India's women's football team defeated Bangladesh 3-1 in Siliguri, West Bengal to win the 2016 South Asian Football Federation Women's Championship for the fourth consecutive time. | www.careerpower.in | www.careeradda.co.in GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 Leicester City boss Claudio Ranieri has been named as the Coach of the Year at the FIFA Football Awards in Zurich. Federation Internationale de Football Association (FIFA) has decided that the World Cup will be expanded to host 48 teams, up from 32. FIFA has released the final rankings of 2016, with Argentina reclaiming the team of the year title from Belgium, finishing with points to top F)FA s rankings. Indian footballer JejeLalpekhlua has named 2016's All India Football Federation (AIFF) Player of the Year, an award given to the best footballer in the country. Atletico de Kolkata (ATK) regained the Indian Super League (ISL) title by beating Kerala Blasters. ATK won by 5-4 against kerala blaster. All-India Football Federation has won the Asian Football Council's Developing Member Association of the Year Award in Abu Dhabi. All India Football Federation President Praful Patel has been appointed as a Senior Vice-President of Asian Football Confederation. Real Madrid forward Cristiano Ronaldo beat rival Lionel Messi to win the prestigious Ballon d'Or award for the fourth time. Miroslav Klose will join Joachim Löw s coaching staff as he studies for his pro licence, the German football association (DFB) confirmed. Argentina won the Davis Cup title after defeating Croatia in the final. This is Argentina s first Davis Cup victory HOCKEY NEWS The Indian hockey team captain PR Sreejesh has became a member of International Hockey Federation Athletes' Committee. India has defeated South Korea 3-0 to secure the bronze medal at the 4th Women's U18 Asia Cup 2016 hockey tournament in Bangkok, Thailand. In its first such final in 15 years, India overwhelmed Belgium 2-1 to lift the 2016 Hockey Junior World Cup at Lucknow's Major Dhyan Chand Hockey Stadium. Captain of the senior National Men s (ockey Team and one of the finest hockey goal-PR Sreejeshkeeper in the world, PR Sreejesh has been roped in as the Goalkeeping Mentor of the India Under-21 Hockey Team. Indian Women's hockey team have lifted the Asian Champions Trophy 2016 in Singapore after defeating China. Mumbai's Western Railways women's team won the 33rd Indian Oil Servo Surjit Hockey Tournament. Narinder Batra has become the first Indian to be elected the President of the International Hockey. Forward Vandana Katariya will captain Indian senior women's hockey team in the Test Series against Australia to be played at Melbourne BADMINTON NEWS APIS India a leading producer, distributor and exporter of honey under APIS Himalaya brand, has roped in Indian badminton champion and Rio Olympics silver medalist PV Sindhu as its brand ambassador. Olympic silver medallist PV Sindhu jumped two places to achieve her career-best ranking of seven in the latest BWF 26 www.bankersadda.com | www.sscadda.com World Ranking, while Saina Nehwal is also back in the top 10. Rio Olympic silver medallist PV Sindhu has won the Badminton World Federation (BWF) 2016 Most Improved Player of the Year award at the Players in Dubai. )ndian shuttler Pratul Joshi won the men s singles title of the Bahrain International Challenge badminton tournament. Olympic silver medallist P.V. Sindhu clinched her maiden Super Series Premier title after defeating Sun Yu of China. PV Sindhu won the 700000 US dollars China Open badminton tournament. The Men s Singles was won by Jan O Jorgensen of Denmark. GRAND PRIX NEWS Young Indian racer Jehan Daruvala has been signed by Formula 3's top team Carlin for the 2017 FIA F3 European Championship. Lewis Hamilton won the 2016 Mexican Grand Prix. Lewis Hamilton won the Brazilian Grand Prix 2016 in Interlagos circuit, Sao Paulo. TENNIS NEWS India's star singles player Somdev Devvarman has announced his retirement from professional tennis. Somdev touched a career-high rank of number 62 in 2011. Indian tennis ace Sania Mirza picked up her first title of the season, combining with American Bethanie Mattek-Sands to lift the Brisbane International women's doubles title. The top-seeded Indo-American duo triumphed 6-2 6-3 against the second-seeded Russian team of Ekaterina Makarova and Elena Vesnina in the final. Rafael Nadal defeated David Goffin to win in Abu Dhabi.Rafael Nadal defeated Belgian David Goffin 6-4, 7-6 to win the Mubadala World Tennis Championships. Novak Djokovic has won the Qatar Open tennis title. In an epic final in Doha, the Serbian defeated Andy Murray of UK by 6-3 5-7 6-4. Spaniard Roberto Bautista Agut has won the men s singles title of the Chennai Open 2017. Agut beat Russian 20-yearold Daniil Medvedev 6-3 and 6-4 to claim the first ATP tournament of the season. | www.careerpower.in | www.careeradda.co.in GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 Serbian Ana Ivanovic, the former world No1 and 2008 French Open champion, has retired from tennis at the age of 29. Britain's world number one Andy Murray won a record third BBC Sports Personality of the Year award. Briton Andy Murray and Germany's Angelique Kerber were named ITF World Champions. Czech Republic s Petra Kvitova won the WTA Elite Singles Trophy. Former world number one Roger Federer won the Stefan Edberg Sportsmanship Award at the ATP awards for the 12th time in his career. UN said that Maria Sharapova will once again be its goodwill ambassador. She will be re-appointed as UN Goodwill ambassador after her doping ban expires in April 2017. ATHELETICS NEWS Eliud Kipchoge, Kenya s Olympic marathon champion bagged the winner s title in Delhi (alf Marathon in men s category, while Ethiopia s Worknesh Degefa claimed the women s title. OTHER SPORTS NEWS (BOXING / ARCHERY / JUDO / BASKETBALL / GOLF/CHESS/SHOOTING) Rio Olympian Sathish Sivalingam from Railways won the gold, for the sixth consecutive year, in the men's 77 kg category in the 69th men's and 32nd women's Senior National Weightlifting Championship, at the Ponjesly College of Engineering. China's table tennis Olympic champion Li Xiaoxia has announced her retirement. She is the eighth table tennis Grand Slam winner in history. Reigning Olympic and world 800m champion and world record holder, David Rudisha is the International Event Ambassador for the 14th Standard Chartered Mumbai Marathon. An eight-year old boy from Jammu and Kashmir's Rajouri Abbu Ammaz has won gold medal in Thai Boxing Championship at the national level. Russian rhythmic gymnast Yana Kudryavtseva has retired from competition aged just 19. Tanzanian athlete Alphonce Felix Simbu (24) and Kenyan runner Bornes Kitur Chepkirui (31), flew past all competition to bag the top spots in the men's and women's category respectively in the full marathon at the 14th Standard Chartered Mumbai Marathon (SCMM) in Mumbai on 15th January 2017. Sixteen-time world champion PankajAdvani ended the year on a high by bagging the National title in 6-red snooker, the shorter format of the game. After successfully co-hosting the 12th South Asian Games with Assam early in 2016, Meghalaya has now got the opportunity to hold the National Games 2022 with its 50 years of statehood. A 12-year-old ArjunBhati has outshined India in the Kids Golf World Championship 2016 in Malaysia defeating South Africa's MethuDenish to secure the first position. Senior functionary Narinder Batra has resigned as the associate vice-president of the Indian Olympic Association. 27 www.bankersadda.com | www.sscadda.com )ndia s Seasoned Winter Olympian Shiva Keshavan clinched a gold medal at the Asian Luge Championship. Keshavan finished the 2 heat race with a time of 1 minute, 39.962 seconds and top speed of 130.4 km/h. Yuki Bhambri has captured the title of the $10,000 ITF Hong Kong F4 Futures. It was his 11th title on the ITF Pro Circuit. Magnus Carlsen won the 2016 World Chess Championship in New York City, USA. Carlsen defeated Sergey Karjakin to retain the World Chess Champion title. Jamaican sprinter Usain Bolt won the International Association of Athletics Federations' award for male athlete of the year for a record sixth time. Indian Golfer Mukesh Kumar became the oldest golfer to win an Asian Tour title after winning the Panasonic Open India. Peter Gilchrist of Singapore defeated Sourav Kothari to win the 2016 IBSF World Billiards Long Up title. Ace Indian cueist Pankaj Advani won his 11th World Billiards (150-Up format) Championships title by beating Peter Gilchrist of Singapore in the summit clash in Bengaluru. The International Bobsleigh and Skeleton Federation (IBSF) has announced that Russia will not host the 2017 Bobsleigh and Skeleton World Championships. India's Vijender Singh knocked out Tanzania's Francis Cheka at the Thyagaraj Stadium, New Delhi, to defend his WBO Asia Pacific Super Middleweight title. Palpreet Singh, winner of National Finals of ACG-NBA Jump, India's first national basketball talent search program, was selected 11th in the fourth Round of the NBA D-League Draft held in New York. Manny Pacquiao reclaims the World Boxing Organisation (WBO) welterweight title for the third time. Haryana sprinter Dharambir Singh, has been slapped an eight-year ban by the National Anti-Doping Agency. )ndian women s carrom team defeated Sri Lanka to win the gold at the seventh World carrom championship in Birmingham (UK). Australia will host the 2018 Invictus Games for wounded military personnel. More than 500 serving & former personnel from 17 nations will compete in the multi-sports competition in Sydney. Aditi Ashok, the Indian professional golfer became the first Indian woman to win a Ladies European Tour title by clinching the (ero Women s )ndian Open. Indian golfer SSP Chawrasia clinched the $1 million (Rs. 6.8 crore) Resorts World Manila Masters in the Philippines, his first ever Asian Tour title outside India. Aditi Ashok Indian golfer Aditi Ashok won the inaugural Qatar Ladies Open in Doha. With this, she recorded her second straight victory on the Ladies European Tour. International Chess Master Padmini Rout won the National Women Premier Chess Championship for the third time. Sachin Singh bagged gold at AIBA Sachin Singh & became the third Indian boxer to bag gold medal at the AIBA Youth World Championships. Gaganjeet Bhullar won the Bank BRI-JCB Indonesia Open. Magnus Carlsen won the 2016 World Chess Championship in New York City, USA. He defeated Sergey Karjakin. | www.careerpower.in | www.careeradda.co.in GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 BILLS PASSED The Lok Sabha has passed the Rights of Persons with Disabilities Bill 2016 in Lok Sabha which replaces the Persons with Disabilities (Equal Opportunities, Protection of Rights and Full Participation) Act 1995. The number of categories of differently-abled has been increased from seven to twenty-one so that the Divyangs could get the benefits of various schemes at the Centre and State level. Centre notified the rules for Real Estate Act, that seeks to regulate the housing sector besides bringing transparency & ensuring timely completion of projects, which will be applicable for five Union Territories-The Andaman & Nicobar Islands, Chandigarh, Dadra & Nagar Haveli, Daman & Diu, & Lakshadweep. The rules state that a developer will be required to refund or pay compensation to the allottees with an interest rate of SBI's highest Marginal Cost of Lending Rate plus two per cent in case of delay in project. Finance Minister Arun Jaitley introduced the Taxation Laws (Second Amendment) Bill, 2016 in the Lok Sabha. It amends tax laws which seeks to impose a higher rate of tax & penalty in respect of undisclosed incomes. It proposed to tax at 50 percent the unaccounted demonetised cash that is disclosed voluntary till 30 December 2016 & up to 85 percent tax & penalty will be levied on undisclosed wealth that is discovered by authorities after 30 December 2016. Lok Sabha passed the Taxation Laws (Second Amendment) Bill, 2016 to amend the Income Tax Act, 1961 & Finance Act, 2016. The Bill proposes to introduce the Pradhan Mantri Garib Kalyan (PMGK) Yojana, 2016. Under the scheme, taxpayers will be required to declare their undisclosed income possessed in the form of cash or deposited in banks, post offices or Reserve Bank of India before a notified date. Supreme Court (SC) ordered all cinema halls across India to play the National Anthem before the screening of films. The direction was given by a Bench of Justices Dipak Misra & Amitava Roy. INTERNATIONAL ORGANIZATION IN NEWS The United Nations 70th General Assembly has recognised the year 2017 as the International Year of Sustainable Tourism for Development. Ecuador has taken over from Thailand as chair of the Group of 77 which promotes the interests of the 134 developing countries it represents at the United Nations, including China. Megastar Amitabh Bachchan was given an award by the US Embassy in appreciation for his invaluable contributions to the US-India partnership on tuberculosis. Congress leader and former Union Minister Manish Tewari was appointed as the senior fellow of US-based think tank Atlantic Council. New United Nations (UN) Secretary-General Antonio Guterres has announced Nigeria s Environment minister, Amina Mohammed as his Deputy Secretary-General (DSG). Ms. Maria Viotti of Brazil (Chef de Cabinet) and Ms. Kyung-wha Kang of the Republic of Korea as Special advisor(UN) on policy. Indian Actress Priyanka Chopra has been appointed as United Nations Children s Fund s UN)CEF newest Global Goodwill Ambassador. SCIENCE & TECHNOLOGY ISRO IN NEWS ISRO and French Space agency (CNES) has signed a partnership agreement in satellite launch technology. The agreement was signed between ISRO Chairman Kiran Kumar and CNES President Jean-Yves Le Gall in the presence of visiting French Minister of Foreign Affairs JeanMarc Ayrault. ISRO has launched PSLV C36 Resource Sat-2A from the Satish Dhawan Space Centre in Sriharikota, Andhra Pradesh. ISRO has signed an agreement with a consortium of six companies to deliver India's first industry-built satellite by late 2017. ISRO will launch 83 satellites into space in one go, aboard a single rocket in January 2017. Among the 83 satellites, 3 belong to India while the other 80, weighing 500 kg, belong to five foreign nations including Israel, Netherlands, Kazakhstan, Switzerland, and the United States of America. NASA IN NEWS NASA s Magnetospheric Multiscale (MMS) Mission set the Guinness world record for highest altitude fix of a Global Positioning System (GPS) signal at 70000 kilometers above the surface of the Earth. NASA launched the highly advanced geostationary weather satellite Geostationary Operational Environmental Satellite- 28 www.bankersadda.com | www.sscadda.com R (GOES-R). It was launched by NASA on behalf of the National Oceanic & Atmospheric Administration (NOAA). OTHER SCI-TECH. NEWS China has successfully sent three satellites into space in its first commercial mission using an updated version of the low-cost Kuaizhou-1A rocket, amidst the Communist giant's determined bid to expand its ambitious space program. China has launched atmospheric CO2-monitoring TanSat satellite in an effort to curb and monitor greenhouse gas emissions. The world's first solar road made with 30,000 square feet of solar panels has been opened in the French village of Normandy. The one-kilometre long road took five years and cost $5.2 million to develop. Harvard researchers from the Harvard John A. Paulson School of Engineering and Applied Sciences (SEAS) have built the world s smallest radio receiver, made out of atomic scale defects in pink diamonds. The world's first cloned goat bearing superfine Cashmere wool was born in north China's Inner Mongolia Autonomous Region. Chemistry s highest gatekeepers have accepted the newly proposed names for elements 113(Nihonium), 115 (Moscovium), 117 (Tennessine) and 118 (Oganesson). Periodic Table elements with atomic number 113, Nihonium | www.careerpower.in | www.careeradda.co.in GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 (Nh) has become the first ever element to be discovered by an Asian country after it was officially revealed by the International Union of Pure and Applied Chemistry (IUPAC). Japan has successfully launched a rocket named H-2B carrying the unmanned cargo spaceship Kounotori 6 to deliver supplies for astronauts living in the International Space Station (ISS). China has launched the first of its new generation weather satellites Fengyun-4. The New technology on the satellite will improve the accuracy of weather forecasts. China launched X-ray pulsar navigation satellite, which will conduct in-orbit experiments using pulsar detectors to demonstrate new technologies. Netherlands-based doctors have performed the first-ever brain implant on a 58-year-old woman paralysed by Lou China launched the Tianlian I-04 satellite from the Xichang Satellite Launch Centre in Sichuan province of Southwest China. China s Sunway TaihuLight was recently declared the world s fastest supercomputer. China launched a pulsar test satellite XPNAV-1 from the Jiuquan Satellite Launch Center in northwest China. The satellite was carried by a Long March-11 rocket. The moon arrived at its closest point to the Earth since 1948. The 'supermoon' reached its brightest in Asia on 14 November 2016. The Moon was closest, only 2 lakh 21 thousand 524 miles (356509 km) away at 11:21 GMT. Gehrig's disease, enabling her to communicate in day-to-day life via a speech computer. POWER PLANTS ESTABLISHED S.No 1. 2. Name Place Anjani Portland Cement has commissioned a 16-mega watt (MW) coal-based captive power plant at its cement unit in Telangana. State-run NHPC has announced commissioning of a 50 in Rajasthan MW wind power project VISITS Israel President Reuven Rivlin was on a six-day visit to India to further strengthen bilateral ties. Mauritius PM Anerood Jugnauth will visit India to discuss various issues, including one that provides a subsidy for Bollywood films shot there, with the Maharashtra government. SCHEMES Schemes launched by Union Govt. Govt's online payments app, BHIM (Bharat Interface for Money) is now the number one free app on Google Play Store. Minister of State for Minority Affairs Mukhtar Abbas Naqvi has launched mobile app 'Haj Committee of India', which will provide information and facilitate e-payments for Haj pilgrimage. Telangana and Assam signed MoU s to join the Ujwal Discom Assurance Yojna (UDAY) taking the total number of states covered under the scheme to 20. Naveen Patnaik launches Biju Sishu Surakshya Yojana to nurture orphan kids. It is the scheme to nurture the orphan and HIV-infected children residing in different child care institutions and orphanages. The government has launched a host of online initiatives including a mobile App 'Smart Consumer' and an 'Online Consumer Mediation Centre (OCMC)' to provide speedy redressal of consumer grievances. Government of India has launched Lucky GrahakYojana for Consumers and Digi-DhanVyaparYojana for Merchants to promote digital transaction. .The schemes are aimed at encouraging people to move towards significantly higher usage of digital transactions through the offer of incentives. The Lok Sabha has passed the Pradhan Mantri Garib Kalyan yojna (Second Amendment) Bill, 2016 in the Lok Sabha. It is Union Government s second income disclosure scheme (IDS) to allow tax evaders to come clean with unaccounted wealth. It came into effect from 17 December 2016 and it 29 www.bankersadda.com | www.sscadda.com will remain open until 31 March, 2017. It provides for 50% tax and surcharge on declarations of unaccounted cash deposited in banks. Union HRD Minister launches 'Vittiya Saksharata Abhiyan' to use the network of Centrally-run educational institutions for propagating the benefits of digital mode of payment in wake of the government s demonetisation move. The Government has announced to launch a 'Lucky Graahak Yojana' and 'Digi Dhan Yojana' to encourage digital payments. Schemes will begin from 25th Dec till April 14, 2017. 7,000 weekly awards and a maximum award of Rs 50,000 each for merchants will be awarded under Digi Dhan Vyapari Yojna. PM Narendra Modi has launched the "Saur Sujala Yojana" in Chhattisgarh that would provide solar powered irrigation pumps to farmers at a subsidized price. Chhattisgarh would be the first state to implement the scheme. Under the scheme, solar powered irrigation pumps of 3HP & 5HP capacity worth Rs 3.5 lakh & Rs 4.5 lakh respectively would be distributed to the farmers by March 31, 2019. Union Government launched Pradhan Mantri Surakshit Matritva Abhiyan to provide free health check-ups to pregnant women at government health centres & hospitals. The Scheme was launched in New Delhi. PM Narendra Modi has launched Pradhanmantri Grameen Awas Yojna, an ambitious housing scheme meant for rural poor in Agra. The scheme aims to provide affordable houses to all those living below the poverty line by the | www.careerpower.in | www.careeradda.co.in GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 year 2022. In the first phase, the target is to complete one crore houses by March 2019. If the beneficiary desires, there is also a provision of Bank loan of up to 70000 Rs. Schemes launched by State Govt. Chandrababu Naidu, Chief Minister of Andhra Pradesh has launched a new health scheme, Arogya Raksha Scheme Tummalapalli Kalakshetram in Vijayawada to provide the medical treatment to the people of the Above Poverty Line at Rs. 1200 premium per annum. Health Minister J P Nadda to launch Measles-rubella vaccine to roll out in Goa, Karnataka, Lakshadweep, Puducherry and Tamil Nadu between February 3 and 4, 2017 and the pneumonia vaccine will be introduced in Himachal Pradesh and parts of Uttar Pradesh and Bihar from March 17. In Madhya Pradesh, Indore district witnessed inauguration of first of its kind scheme of the country. Digital Dakiya, which aims at encouraging cashless transactions. "Digital Dakiya or Digital Postman will visit different places to teach and encourage people about cashless transactions and its benefits. Kerala chief minister Pinarayi Vijayan has launched Haritha Keralam Mission in Thiruvananthapuram to develop the Indian Railways in terms of service in travelling and freight across the country. Kerala government has launched two mobile applications which can be used to upload information regarding graft. The applications launched ae=re - 'ArisingKerala' and 'Whistle Now . Rajasthan government has recently launched a mobile App named LeZgo that provides the latest information about tourist attractions in Ajmer and Pushkar. CM of Uttar Pradesh Akhilesh Yadav launched state-wide integrated emergency services UP-100. It is the official name of the Police Emergency Management System of Uttar Pradesh. Radha Mohan Singh, Union Agriculture & Farmers Welfare Minister, launched e-Pashuhaat portal (www.epashuhaat.gov.in) which has been specifically developed for connecting breeders & farmers regarding availability of bovine germplasm. Bihar CM Nitish Kumar has launched a key programme to provide free electricity connection to about 50 lakh households above the poverty line. CM launched (ar Ghar Bijli Lagataar programme. field. This helpline will function from 10.00 a.m to 6 p.m. and initially it will be provided in 7 languages viz., Hindi, English, and 5 other regional languages (Telugu, Tamil, Kannada Bengali & Assamese). Minister for Minority Affairs Mukhtar Abbas Naqvi has launched the trilingual website www.haj.gov.in relating to Haj Matters. The website is in Hindi, Urdu and English languages. Power Minister PiyushGoyal has launched 'Coal Mitra' Web Portal to facilitate Flexibility in Utilization of Domestic Coal. With this Government has also allowed Coal Swapping between PSUs and the Private Sector. The Union AYUSH (Ayurveda, Yoga and Naturopathy, Unani, Siddha and (omoeopathy Ministry has launched Swasthya Raksha Programme to promote health and health education in villages. The programme was initiated through Central Council for Research in Ayurvedic Sciences (CCRAS), Central Council for Research in Homoeopathy (CCRH), Central Council for Research in Unani Medicine (CCRUM) and Central Council for Research in Siddha (CCRS). Union Minister of Electronics and Information Technology (MeitY), Ravi Shankar Prasad, launched a TV channel named DigiShala to promote cashless transaction in rural areas. The government also initiated Digi Dhan Abhiyan to achieve the objective of educating, enabling and informing citizens about the cashless economy. To ensure transparency in the implementation of rural electrification programme, the Power Ministry will launch a new app, GARV-II, to provide real-time data of all six lakh villages of the country. Under this facility, village-wise; habitation-wise base line data on household electrification for all states provided by them has been incorporated. Union Ministry of Health & Family Welfare launched Healthy India Initiative magazine & No More Tension mobile App for the promotion of health & to strengthen the health communications programmes. HRD Ministry has launched Smart India Hackathon 2017. It is the world s largest digital national building initiative. Employees State Insurance Corporation (ESIC) launched Kahin Bhi-Kabhi Bhi medical facilities for its beneficiaries of Delhi. With this initiative, all the network of dispensaries of Delhi has been made accessible to insured persons & their family members all the time. Schemes launched by Ministries For the benefit of voters, candidates, election staff as well as the Election Commission of India (ECI), the district administration of Ludhiana in Punjab has developed a mobile application named ECI360. The Commerce Ministry has launched a mobile app SEZ )ndia which provides detailed information related to special economic zones. For the benefit of both domestic and international tourists, Tamil Nadu Tourism Department has launched a mobile app pinakin with information on tourism in Tamil Nadu with audio facilities. Ministry of Textiles has decided to establish a Bunkar Mitra-(andloom (elpline Centre where professional queries of weavers will be answered by the experts in the 30 www.bankersadda.com | www.sscadda.com | www.careerpower.in | www.careeradda.co.in GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 MISCELLANEOUS TOPICS INDIAN RAILWAYS IN NEWS )ndian Railways new train, (umsafar Express, was flagged off from Gorakhpur in eastern Uttar Pradesh by Railway Minister Suresh Prabhu via video conferencing in Rail Bhawan, New Delhi. The world s first hospital train, Lifeline Express is all set to get two additional coaches for cancer treatment. CM Mehbooba Mufti flags off first children special train in valley. It was flagged off at Banihal that en routes from Quazigund, Anantnag, Awantipur, Srinagar, Budgam, Sopore and Baramula. Ministry of Railways appointed Dr. Bindeshwar Pathak, the founder of Sulabh International, as a Brand Ambassador for Swachh Rail Mission. OTHER MISCELLANEOUS NEWS The Supreme Court has given permission to a woman in her 24th week of pregnancy to undergo termination of pregnancy after medical report finds foetus is without skull. Mobile handset brand Gionee has roped in Indian test captain Virat Kohli as the brand ambassador. Bureau of Indian Standards (BIS) has revised Indian Standard on gold hallmarking, which is effective from January 1, 2017. Union Minister Mukhtar Abbas Naqvi and Saudi Arabia's Haj and Umrah Minister Dr Mohammad Saleh bin Taher Benten inked an agreement in this regard in Jeddah, increasing the size of India's Haj quota from 1,36,020 to 1,70,520. Andhra Pradesh s own classical dance Kuchipudi found a place in the Guinness World Records yet again when a record 6,117 dancers came together to present a show at the IGMC Stadium in Vijaywada. Madras (igh Court has banned unauthorised Sharia courts functioning on premises of mosques in Tamil Nadu. Noted television journalist and talk show host Arnab Goswami has announced that the launch of his new venture called Republic . Actress Priyanka Chopra has become the first Indian to be appointed as the global ambassador of the hair care brand 'Pantene calling the brand a "favourite around the world. Coca-Cola India has signed Bollywood actor Ranveer Singh as brand ambassador for its Thums Up brand. Tata Motors has announced the appointment of Bollywood film star Akshay Kumar, as the brand ambassador for its Commercial Vehicle Business Unit. Priyanka Chopra has now made it up to the list of )MDb s most popular celebrities list. She stands at in the list which is topped by Sofia Boutella. Supreme Court made it mandatory for cinema halls to play the National anthem before the screening of a film in theatres across the country. Yoga, )ndia s one of the ancient practices to keep oneself healthy, has been inscribed on UNESCO s Representative List as the Intangible Cultural Heritage of Humanity. Emirates launched the world's shortest scheduled service on an Airbus A380, flying it from Dubai to Doha within 80 minutes. Indira Gandhi International Airport in New Delhi is the 22nd most connected airport in the world, according to air travel intelligence company OAG. OAG's 2016 Megahubs Index has been topped by Chicago Airport in the United States. Kolkata, along with 10 other cities from across the globe, has been honoured with the best cities of 2016 award in recognition of its programme on solid waste management. Universal Studios Hollywood has been named the Best Attraction in the World by ticket selling site 'AttractionTix'. Warner Brothers Studio Tour was voted the best attraction in the UK while Magic Kingdom Park in Walt Disney World Resort was named the Best Family Attraction. World Economic Forum (WEF) has named Hindi language ranked 10th in the top 10 most powerful languages on the planet. The list features English as the most powerful language followed by Mandarin. A biopic of Madonna titled Blond Ambition has been named the most admired unproduced film script currently in the Hollywood system. It is Written by Elyse Hollander. 'Brexit' and 'Grexit' (hypothetical withdrawal of Greece from the EU) are among the 1,500 new words and phrases added to the Oxford English Dictionary this week. 'Mahabharata', B R Chopra's famed teleserial, is set to be broadcast in its radio avatar on the All India Radio (AIR). Two-time academy award winner AR Rahman is in the Oscar race again for his work in the American biographical film Pele: Birth of a Legend . China has selected historical-adventure film Xuanzang, which co-stars Bollywood actor Sonu Sood, as its official entry for the 89th Academy Awards. Bollywood Parks, Dubai has opened with fanfare, fireworks, dance, music & simulator 4D shows based on hit Hindilanguage movies. Oxford Dictionaries has declared "post-truth" to be its international word of the year. The website Dictionary.com named the word 'Xenophobia' as the Word of the Year for 2016. Pink, the Amitabh Bachchan starrer Bollywood film, has been invited by the Assistant Secretary-General of the United Nations for a special screening at its headquarters in New York, USA. It is directed by Aniruddha Roy Chowdhury. Yoga, has been inscribed on UNESCO s Representative List as the Intangible Cultural Heritage of Humanity. UNESCO also adds Cuban rumba & Belgian beer to list of world s intangible heritage. Yoga became the 13th intangible cultural heritage. JANUARY CURRENT AFFAIRS IN JUST SINGLE LINE Alexander Rudensky, Shimon Sakaguchi & Fred Ramsdell won the Crafoord Prize for their discoveries relating to regulatory T cells, which counteract harmful immune reactions in arthritis and other autoimmune diseases. 31 www.bankersadda.com | www.sscadda.com Delhi Police with )ndiGo launched Akhiri Ahuti under which the bodies of the North-east residents who die in Delhi will be carried to their homes. | www.careerpower.in | www.careeradda.co.in GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 Air India launched the Fly For Sure scheme under which passengers will be offered one-time flight change facility on the same day. KM Philip, former director of Madras Rubber Factory(MRF) Limited, passed away at the age of 104. Roman Herzog, former President of Germany passed away at the age of 82. India & Sri Lanka signed MoU to construct rain harvesting systems in the northern Jaffna District, Sri Lanka. Kerala CM P.Vijayan launched the first solar-powered boat 'Aaditya' at Vaikom. Union Government constituted a High-Level Committee (HLC) to review institutionalisation of Arbitration Mechanism in India. This will be chaired by Justice BN Srikrishna. Kiran Doshi author of "Jinnah Often Came to Our House" was awarded The Hindu Prize 2016. 1. 2. 3.    World Braille Day was observed on 4 Jan to commemorate the birth anniversary of Louis Braille. Finance Ministry amended the Income-tax Rules, 1962 to allow banks to obtain and link PAN or Form No 60 (where PAN is not available) in all existing bank accounts (other than BSBDA) by 28 February 2017. Raheel Sharif was appointed as the first Commander-inChief of the Islamic Military Alliance (IMA). PM Modi announced that the government is planning to launch Pravasi Kaushal Vikas Yojana to train Indian youth for overseas employment. PM Modi inaugurated )ndia s first international exchange called India INX at the International Financial Service Centre (IFSC) of GIFT City Gandhinagar, Gujarat. Portugal conferred the Grande Oficial da Ordem do Infante da Henrique honour on former Union Minister of State for External AIairs Eduardo Faleiro. STATIC GK CAPSULE 2017  Test: Agricultural Seasons in India: 1. England– 2017 (for first time). The Kharif Season: 2. India - 2021. Crops are sown at the beginning of south-west  FIFA (Football) World Cup venue: - RQ monsoon&harvested at the end of the south-west monsoon. 1. 2018 : Russia Sowing Season: May to July. 2. 2022: Qatar Harvesting Season : September to October.  Commonwealth Games venues: Important Crops: Jowar, Bajra, Rice, Maize, Cotton, 1. 2014 – Glasgow (Scotland). Groundnut, Jute, Hemp, Tobacco etc. 2. 2018 – Gold Coast (Australia). The Rabi Season:  Olympics Games venues: Crops need cool climate during growth period but warm 1. 2014 winter: Sochi (Russia) – Russia tops in the medal climate during the germination of seed&maturation. tally in 2014 winter Olympic games. Sowing Season: October to December 2. 2016 Summer: Rio de Janeiro (Brazil) Harvesting Season: February to April Important 3. 2018 winter: Pyeongchang (South Korea) Crops: Wheat, Barley, Gram, Linseed, Mustard, Masoor & 4. 2020 summer: Tokyo (Japan) Peas.  Asian Games host cities: The Zaid Season: 1. 2014: Incheon (South Korea) (Note: 2010 Asain Games The crops grown on irrigated lands which do not have to held in Guangzhou, China). wait for monsoons, in the short duration 2. 2019: Hanoi (Vietnam) between Rabi&Kharif crop season, mainly from March to June, are called Zaid crops (also written as Zayad crops). United Nations Headquarters These crops are grown mainly in the summer season during a period called the "Zayad crop season." They require warm International Organizations Headquarters dry weather for major growth period&longer day length for UNO (United Nations Org) New York flowering. The main produce are seasonal UNICEF New York fruits&vegetables. UNCTAD (United Nations Conference on Geneva Crops:Cucumber, Musk melon, Watermelon, Bitter gourd Trade & Development) etc. WHO (World Health Org) Geneva ILO (International Labour Org) Geneva Venues for the upcoming Tournaments WMO (World Meteorological Org) Geneva Hockey World Cup 2018 Venue: World Intellectual Property Org Geneva . Men s (ockey World Cup – India International Standards Org. Geneva . Women s (ockey World Cup - England IMF (International Monetary Fund) Washington DC ICC World Cup Cricket Venue: World Bank Washington DC ODI: (One day International): UNESCO (United Nations Educational Paris 1. Australia & New Zealand: 2015. Scientific&Cultural Org) 2. England - 2019 OECD (Org. for Economic Paris 3. India - 2023 Cooperation&Dev.) T20 World Cup: UNIDO (United Nations Industrial Dev. Vienna 1. Bangladesh -2014. – Sri Lanka defeat India to win the Org) maiden title. IAEA (International Atomic Energy Vienna 2. India -2016. Agency) 3. Australia - 2020. OPEC(Organization of Petroleum Vienna 32 www.bankersadda.com | www.sscadda.com | www.careerpower.in | www.careeradda.co.in GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 Exporting Countries) Amnesty International Commonwealth of Nations IM(International Maritime Organization) ICJ (International Court of Justice) FAO(Food&Agricultural Organization) NATO(North Atlantic Treaty Organization) Transparency International SAARC(South Asian Association for Regional Coop.) ASEAN (Association of South East Asian Nations) APEC (Asia Pacific Economic Forum) Organization of Islamic Cooperation London London London The Hague Rome Brussels Berlin Kathmandu Jakarta Singapore Jeddah Revolutions in the field of agriculture in India:  Black Revolution - Petroleum Production  Blue Revolution - Fish Production  Brown Revolution - Leather/non conventional (India)/Cocoa production  Golden Fiber Revolution - Jute Production  Golden Revolution - Fruits/Overall Horticulture development/Honey Production  Green Revolution - Food grains  Grey Revolution - Fertilizer  Pink Revolution - Onion production/Pharmaceutical (India)/ Prawn production  Red Revolution - Meat & Tomato Production  Round Revolution - Potato  Silver Fiber Revolution - Cotton  Silver Revolution - Egg/Poultry Production  White Revolution (In India: Operation Flood) - Milk/Dairy production  Yellow Revolution - Oil Seeds production  Evergreen Revolution - Overall development of Agriculture. CENSUS 1) The population of the country as per the provisional figures of Census 2011 is 1210.19 million of which 623.7 million (51.54%) are males&586.46 million (48.46%) are females. The major highlights of the Census 2011 (Provisional figures) are as under: *The population of India has increased by more than 181 million during the decade 2001-2011. 2) %age growth in 2001-2011 is 17.64; males 17.19&females 18.12. *2001-2011 is the first decade (with the exception of 19111921---GREAT DEPRESSION) which has actually added lesser population compared to the previous decade. 3) *Uttar Pradesh (199.5 million) is the most populous State in the country followed by Maharashtra with 112 million. Some of the highlights  Slogan - Our census, Our Future  India's 1st Census - 1872  2011 Census is - 15th Census  Total Population - 1,21,01,93,422  India's Rank in population - 2nd with 17.5% (1st China with 19%)  Most Populous State - Uttar Pradesh  Least Populous State - Sikkim 33 www.bankersadda.com |                         Most Literate State - Kerala (93.9%) Least Literate State - Bihar (63.82%) National Sex Ratio - Female : Male (940 : 1000) Highest Sex Ratio (State) - Kerala (1084 : 1000) Lowest Sex Ratio (State) - Haryana Highest Sex Ratio (UT) - Puducherry Least Sex Ratio (UT) - Damn & Dayyu (61 : 1000) Literacy of Male - 82.14% Literacy of Female - 65.46% Population Growth Rate - 17.64% Highest fertility Rate - Meghalaya Most literate union territory - Lakshadweep (92.2%) Least literate Union Territory - Dadra Nagar & Haweli Most Literate District - Serechhip (Mizoram) Least Literate District - Dadra Naga & Haveli Highest Density of Population - Bihar (1102 sq.km) Lowest Density of Population - Arunachal Pradesh (17) Total number of districts - 640 Highest Populous District - Thane (Mumbai) 100% Literacy District - Palakkad (Kerala) 100% Banking State - Kerala 100% Banking District - Palakkad (Kerala) Density of Population in India - 382 sq. km Increase in population (during 2001-2011) - 181 million Who s who? Important National Officials Designation Name Chairperson, CBDT Suhsil Chandra Chairperson, National Commission Rameshwar Oraon for Scheduled Tribes Chairperson, UGC Ved Prakash Chairman, ISRO AS Kiran Kumar Chairman, Atomic Energy Shekhar Basu Commission Chairperson, TRAI Ram Sevak Sharma Chairperson, National Highways Raghav Chandra Authority of India Director, National Cadet Corps A. Chakravarty Chairperson, Central Board of Rajesh Kumar Chatur Secondary Education Chairperson, Insurance Regulatory & TS Vijayan Development Authority of India Chairperson, Press Council of India CK Prasad www.sscadda.com|www.careerpower.in | ADDA247 THE APP GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 Director General, BSF Director General, SSB Director General, CRPF Director General, ITBP Solicitor General Attorney General Chairperson, National Green Tribunal Director, NCERT President, ASSOCHAM Chairman, Indian Banks Association President, NASSCOM Chairman, Press Trust of India K K Sharma Archana Ramasundaram K Durga Prashad Krishna Chaudhary Ranjit Kumar Mukul Rohtagi Justice Swatantra Kumar Hrushikesh Senapaty Sunil Kanoria Rajeev Rishi C P Gurnani Riyad Mathew Bureaucrats Designation National Security Advisor Chairman, Railway Board Director, Central Bureau of Investigation (CBI) Chief, Intelligence Bureau (IB) Chief, Research&Analysis Wing (RAW) Director General, NIA Name Ajit Kumar Doval AK Mittal Anil Kumar Sinha Rajiv Jain Anil Dhasmana Sharad Kumar Monetary Fund President, World Bank Vice-President, World Bank Director-General, World Trade Organisation President, UN General Assembly Director-General, World Health Organisation President, International Court of Justice President, Asian Development Bank President, International Olympic Committee Administrator, NASA President, UN Human Rights Council Director-General, International Atomic Energy Agency Secretary-General, NATO Secretary-General, ASEAN Secretary-General, SAARC Secretary-General, Commonwealth President, FIFA President, International Cricket Council Chairman, International Cricket Council President, International Paralymic Committee Jim Yong Kim Hiroshi Naka Roberto Azevedo Mogens Lykketoft Margaret Chan Peter Tomka Takehiko Nakao Thomas Bach Charles F. Boldon Remigiusz Henczel Yukiya Amano Jens Stoltenberg Lee Luang Minh Arjun Bahadur Thapa Patricia Scotland Gianni Infantino Zaheer Abbas Shashank Manohar Philip Craven Important Dignitaries IMPORTANT PEAKS Post Chief Justice, Supreme Court Speaker, Lok Sabha Deputy Speaker, Lok Sabha Comptroller&Auditor General of India Chief Election Commissioner Chairman, Union Public Service Commission Deputy Chairman, Rajya Sabha Name Justice J S Khehar (Effective from 0301-2017) Sumitra Mahajan M. Thambidurai Shashikant Sharma Naseem Zaidi David R. Syiemlieh PJ Kurien Directors of Maharatna/Navaratna Companies Maharatna Bharat Heavy Electricals Limited Coal India Limited Gas Authority of India Limited Indian Oil Corporation Limited Oil&Natural Gas Corporation Steel Authority of India Limited National Thermal Power Corporation Chairman/MD Atul Sobti S. Bhattacharya BC Tripathi B. Ashok DK Sarraf PK Singh Gurdeep Singh Important International Officials Designation Secretary-General, United Nations Organisation Managing Director, International 34 www.bankersadda.com | Name Antonio Guterres Christine Lagarde Mt Everest (or Sagarmatha or Chomo Langma) Mt Kanchenjunqa Mt Makalu Mt Dhaulaqiri Mt Cho Oyu Mt Nanga Parbat Mt Annapurna Mt Nanda Devi 8848 m (in Nepal) 8598 m (in India) 8481 m (in Nepal) 81 72 m (in Nepal) 8153m (in Nepal) 8126m (in India) 8078 m (in Nepal) 7817 m (in India) Major Mountain Ranges of the World Andes :South America Himalayas :Karakoram :Hindukush :South Central Asia Rockies :North America Great Dividing Range :East Australia Western Ghats :Western India : Caucasus Europe :Asia Alaska :USA Alps :Europe Apennines :Europe Ural :Asia Pennines :Europe Pyrenees :Europe : Appalachian :North America Atlas : Africa Kilimancharo : Africa Appalechian : America Ural :Europe Alps :Europe Karpathyan :Europe www.sscadda.com|www.careerpower.in | ADDA247 THE APP GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 Mount Eribus : Antartica Important volcanoes Vezuvias : Italy Etna : Italy Stromboli :Italy Barren : India (Andaman Nicobar) Kilimancharo : Tanzania Krakathove : Indonesia Pina thubo : Philippense Most of the volcanoes found near Pacific Ocean Ring of fire : Pacific Lighthouse of the Pacific : Ezalko Lighthouse of the Mediteranian : Stromboli DESERTS Fozil desert : Kalahari Little Sahara : Australia Death desert : Thakkala Makkan Painted desert : North America Coldest desert : Gobi Warmest desert : Sahara Driest desert : Attakkama Great Indian desert : Thar Roob Asavali: Asia Attakkama: South America Sahara: Africa Kalahari: Africa Nameeb: Nameebia Great Sandy: Australia Great Victoria: Australia Thakkala Makkan: China Sahel: China Thar: India Important Lakes Superior: North America Ladol: Europe Caspian: Asia Victoria: Africa Ayar: Australia Marakkoiba: South America Vozthok: Antartica Azad: Syria Nazar: Egypt Land of ten thousand lakes: Minazotta Land of thousand lakes: Finland Oldest lake, Deepest lake: Baikkal (Russia) Largest Island Lake: Manitollin Largest freshwater lake: Superior Largest salt water lake: Caspian sea Largest artificial lake: Volta (Ghana) The 12 Major Ports are: Port Kolkata Paradip Vishakhapatnam Chennai Ennore 35 www.bankersadda.com State West Bengal Orissa Andhra Pradesh Tamil Nadu Tamil Nadu | Tuticorin Cochin New Mangalore Mormugao Jawaharlal Nehru Mumbai Kandla Tamil Nadu Kerala Karnataka Goa Maharashtra Maharashtra Gujarat Stock Exchanges around the World New York Stock Exchange (NYSE): HQ in New York City NASDAQ OMX : HQ in New York City. Tokyo Stock Exchange : HQ in Tokyo London Stock Exchange : HQ in London. Shanghai Stock Exchange : HQ in Shanghai. Hong Kong Stock Exchange : HQ in Hong Kong. Toronto Stock Exchange : HQ in Toronto. BM&F Bovespa : HQ in Sao Paul Australian Securities Exchange : HQ in Sydney Deutsche Börse : HQ in Frankfurt. Taiwan Stock Exchange – HQ in the city of Taipei JSE Limited HQ in Johannesburg, South Africa. American Stock Exchange (AMEX) HQ in New York, USA Borsa Italia HQ in Milan, Italy London International Financial Futures&Options Exchange (LIFFE) HQ in London, Great Britain Montreal Exchange (MSE) HQ in Montreal, Canada Nordic :Baltic market (OMX) HQ in Stockholm, Sweden Bolsa de Madrid (Madrid Stock Exchange) HQ in Madrid, Spain Afghanistan Stock Exchange HQ in Kabul Chittagong Stock Exchange HQ in Chittagong Royal Securities Exchange of Bhutan HQ inThimphu Maldives Stock Exchange HQ in Malé Nepal Stock Exchange HQ in Kathmandu Sialkot Stock Exchange HQ in Sialkot Colombo Stock Exchange HQ in Colombo Famous Temples in India Badrinath Temple:Chamoli district, Uttarakhand The Konark Sun Temple: Puri district of Odisha Brihadeeswara Temple: Thanjavur city of Tamil Nadu Somnath Temple: Prabhas Kshetra in Saurashtra (Gujarat) Kedarnath Temple: Garhwal area (Uttarakhand) Sanchi Stupa: Raisen district of Madhya Pradesh Ramanathaswamy (Rameshwaram) Temple : Tamil Nadu Vaishno Devi Mandir:J&K, near Katra. Siddhivinayak Temple: Prabha Devi, Mumbai Gangotri Temple: Uttarkashi district of Uttarakhand Golden Temple or Sri Harmandir Sahib: Amritsar Kashi Vishwanath Temple: Varanasi (Uttar Pradesh) Lord Jagannath Temple: Puri (Orissa) Yamunotri Temple: Uttarkashi district of Uttarakhand Meenakshi Temple: Madurai (Tamil Nadu) Amarnath Cave Temple: State of J&K Lingaraja Temple: Orissa Tirupati Balaji: Tirumala (Andhra Pradesh) Kanchipuram Temples: Tamil Nadu Khajuraho Temple: Madhya Pradesh Virupaksha Temple: Hampi, Bellary, Karnataka Akshardham Temple: Delhi www.sscadda.com|www.careerpower.in | ADDA247 THE APP GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 Shri Digambar Jain Lal Mandir: Oldest Jain temple in Delhi Gomateshwara Temple: Shravanabelagola town of Karnataka Ranakpur Temple: Pali district of Rajasthan Shirdi Sai Baba Temple: Shirdi town of Maharashtra Sree Padmanabhaswamy Temple : Thiruvananthapuram, the capital city of Kerala Dwarkadhish Temple: Dwarka city (Gujarat) Laxminarayan Temple: In Delhi IMPORTANT AIRPORTS IN INDIA Airport Kempegowda International Airport Netaji Subhash Chandra Bose International Airport Rajiv Gandhi International Airport Sardar Vallabhbhai Patel International Airport Chaudhary Charan Singh International Airport Lokpriya Gopinath Bordoloi International Airport Srinagar Airport Biju Patnaik International Airport Visakhapatnam Airport Devi Ahilyabai Holkar Airport Dr. Babasaheb Ambedkar International Airport Lok Nayak Jayaprakash Airport Sri Guru Ram Dass Jee International Airport City Bangalore Kolkata Hyderabad Ahmedabad Lucknow Guwahati Srinagar Bhubaneswar Visakhapatnam Indore Nagpur Patna Amritsar State/UT Karnataka West Bengal Telangana Gujarat Uttar Pradesh Assam J&K Odisha Andhra Pradesh Madhya Pradesh Maharashtra Bihar Punjab Swami Vivekananda Airport Bagdogra Airport Veer Savarkar International Airport Birsa Munda Airport Maharana Pratap Airport Raipur Bagdogra Port Blair Ranchi Udaipur Chhattisgarh West Bengal andaman&Nicobar Islands Jharkhand Rajasthan Raja Bhoj International Airport Bhopal Madhya Pradesh Jolly Grant Airport Rajahmundry Airport Silchar Airport Lengpui Airport Zaruki International Airport Daporijo Airport Tezu Airport Dehradun Rajahmundry Silchar Aizwal Shillong Daporijo Tezu Uttrakhand Andhra Pradesh Assam Mizoram Meghalaya Arunachal Pradesh Arunachal Pradesh Kandla Airport Sonari Airport Birsa Munda Airport Agatti Aerodrome Kandla Jamshedpur Ranchi Agatti Gujarat Jharkhand Jharkhand Lakshadweep IMPORTANT AWARDS International Gandhi Peace Prize: For contributions towards social, economic&political transformation through nonviolence&other Gandhian methods. Bharat Ratna: It is the premier civilian award, to serve the nation. Padma Vibhushan: Ranking wise the second award is the Padma Vibhushan in the Indian Republic. It awarded people from various fields including Govt. service to distinguish extraordinary service for the country. Padma Bhushan: The Padma Bhushan is the highest civilian award third in rank in the Indian Republic. Padma Shri: It is awarded to citizens of India for their distinguished contribution in several fields including Education, Literature, Arts, Science, Industry, Social Service, Medicine, Sports&Public Affairs. 36 www.bankersadda.com | Dronacharya Award: For brilliance in sports coaching. Dhyan Chand Award: Highest lifetime achievement award in sports&games in India Rajiv Gandhi Khel Ratna: Highest honor given for accomplishment in sports. Literary Awards Jnanpith Award Vyas Samman: For literary in the Hindi language. Saraswati Samman: For outstanding prose or poetry literary works in any Indian language listed in Schedule VIII of the Constitution of India. PARAM VIR CHAKRA : Highest decoration Awarded for the most conspicuous bravery or some daring or prominent act of valour or self-sacrifice in the presence of the enemy on land, sea or air. www.sscadda.com|www.careerpower.in | ADDA247 THE APP GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 MAHA VIR CHAKRA : Second highest decoration. It is awarded for acts of conspicuous gallantry in the presence of the enemy, whether on land, at sea or in the air. VIR CHAKRA : It is the third in the order of awards for acts of gallantry in the face of the enemy on land,sea or air. ASHOK CHAKRA: Awarded for the most conspicuous bravery or some daring act of valour or self-sacrifice on land, at sea or in the air. Some Important Awards in the World Awards&Honours Prize Academy (Oscar) Awards Grammy Award Ramon Magasaysay Award Field Film (From 1929) Music (From 1958) Govt. (Public) Service, Social Service, Journalism, Literature, Communication&International Understanding (From 1957) Agriculture (From 1992) Bourlog Award Some Important Awards in the India Dada Saheb Phalke Award Shankar Award Kabir Samman Film Indian Philosophy, Culture&Art Socio – communal Harmony List of Important Awards&its Related Fields Awards Grammy Pulitzer Arjun Bowelay Kalinga Dhanwantri Bhatnagar Nobel Prize Abel Merlin Man Booker Vachspati Samman Related Fields Music Journalism&Literature Sports Agriculture Science Medical Science Science Peace, Literature, Economics, Physics, Chemistry, Medical Science Maths Magic Literature Sanskrit Literature BOUNDARY LINES Durand Line is the line demarcating the boundaries of Afghanistan&Pakistan. It was drawn up in 1896 by Sir Mortimer Durand. Hindenburg Line is the boundary dividing Germany&Poland. The Germans retreated to this line in 1917 during World War I. Mason-dixon Line is a line of demarcation between four states in the United States. 37 www.bankersadda.com | Marginal Line was the 320 km line of fortification built by France along its border with Germany before World War II, to protect its boundary from German attack. Mannerheim Line is the line of fortification on the RussiaFinland border. Drawn up by General Mannerheim. Macmahon Line was drawn up by Sir. Henry MacMahon, demarcating the frontier of India&China. China did not recognize the MacMahon line&crossed it in 1962. Medicine Line is the border between Canada&the United States. Order-neisse Line is the border between Poland&Germany, running along the Order&Beisse rivers, adopted at the poland Conference (August 1945) after Radcliffe Line was drawn up by Sir Cyril Radcliffe, demarcating the boundary between India&Pakistan. Siegfried Line is the line of fortification drawn up by Germany on its border with France. 17th Parallel defined the boundary between North Vietnam&South Vietnam before the two were united. 24th Parallel is the line which Pakistan claims for demarcation between India&Pakistan. This, however, is not recognized by India. 26th Parallel south is a circle of latitude which croses through Africa, Australia&South America. 30TH PARALLEL north is a line of latitude that Stands onethird of the way between the equator&the North Pole. 33rd Parallel north is a circle of latitude which cuts through the southeren United States, parts of North Africa, parts of the Middle East,&China. 35th Parallel north forms the boundary between the State of North Carolina&the State of Georgia&the boundary between the State of Tennessee arid the State of Georgia the State of Alabama,&the State of Mississippi. Parallel north forms the boundary between the Tennessee&Commonwealth of Kentucky between the Tennessee River&the Mississippi River, the boundary between Missiouri&Arkansas west of the White River,&the northernmost boundary between the Texas&the Oklahoma. 37th Parallel north formed the southern boundary of the historic&extralegal Territory of Jefferson. 38th Parallel is the parallel of latitude which separates North Korea&South Korea. 39th Parallel north is an imaginary circle of latitude that is 39 degrees north of the Earth s equatorial plane. 40th Parallel north formed the original northern boundary of the British Colony of Maryland. 41th Parallel north forms the northern boundary of the State of Colorado with Nebraska&Wyoming&the southern boundary of the State of Wyoming with Colorado&Utah. 42nd Parallel north forms most of the New York Pennsylania Border. 43rd Parallel north forms most of the boundary between the State of Nebraska&the State of South Dakota&also formed the northern border of the historic&extralegal Territory of Jefferson. The Parallel 440 north is an imaginary circle of latitude that is degrees north of the Earth s equatorial plane. 45th Parallel north is often called the halfway point between the Equator&the North Pole. The 45th parallel makes up most of the boundary between Montana&Wyoming. 45th parallel of south latitude is the www.sscadda.com|www.careerpower.in | ADDA247 THE APP GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 east-west line that marks the theoretical halfway point between the equator&the South Pole. 49th Parallel is the boundary between USA&Canada IMPORTANT DAMS IN INDIA Dam Tehri Dam Lakhwar Dam Idukki (Eb)/Idukki Arch Dam Bhakra Dam Pakal Dul Dam Sardar Sarover Gujarat Dam Srisailam (N.S.R.S.P) Dam River Bhagirathi Yamuna Periyar State Uttarakhand Uttarakhand Kerala Satluj Marusudar Narmada Himachal Pradesh J&K Gujarat Krishna Telangana Ranjit Sagar Dam Baglihar Dam Pong Dam Nagarjuna Sagar Dam Salal (Rockfill&Concrete ) Dam Supa Dam Koteshwar Dam Rihand Dam Indira Sagar (NHDC) Dam Pillur Dam Madupetty (Eb) Dam Parbati II Dam Chakra Dam Ukai Dam Ravi CHENAB Beas Krishna Chenab Punjab J&K Himachal Pradesh Telangana J&K Kali Nadi Bhagirathi Rihand Narmada Karnataka Uttarakhand Uttar Pradesh Madhya Pradesh Bhavani Palar Parbati Chakra Tapi Tamil Nadu Kerala Himachal Pradesh Karnataka Gujarat CLASSICAL DANCES&FOLK DANCES IN INDIA Indian Classical Dances Bharatnatyam: Popular in South Indian states of Tamil Nadu&Karnataka Kathak: North India Kathakali: Kathakali is the classical dance form of Kerala. Kuchipudi: Kuchipudi is one of the classical dance forms of the South India. Kuchipudi derives its name from the Kuchipudi village of Andhra Pradesh. Manipuri: Manipuri is one of the six major classical dances of India. Manipuri dance is indigenous to Manipur, the North eastern state of India. Mohiniattam: Mohiniattam is a classical dance form of Kerala. Odissi:Odissi is one of the famous classical Indian dances from Orissa state. Folk Dances of India Folk dances are performed for every possible occasion, to celebrate the arrival of seasons, birth of a child, a wedding&festivals. Gaur dance: Folk dance of Madhya Pradesh dances Chhau : Folk dance of Bihar Bihu: Folk dance of Assam Dumhal: Popular dance of Kashmir Padayani: One of the most colorful&popular dances of Southern Kerala. Dollu Kunitha: Popular drum dance of Karnataka state. Dandiya: Popular folk dance of Gujarat. The classical dance forms recognised by the Sangeet Natak Akademi&the Ministry of Culture are as represented below: Dance form State(s) of origin Gaudiya Nritya West Bengal Kathak Northern India (Uttar Pradesh) Kathakali Kerala Sattriya Assam Ghoomar Rajasthan Thang Ta Manipur 38 www.bankersadda.com | Folk dances in India  Bathukamma: A folk dance of Andhra Pradesh.  Changu: The changu dance is a folk dance found in Odissa&Andhra Pradesh.  Dhaman: 1) A folk dance of Punjab. 2) A folk dance of Andhra Pradesh  Gair: This is a dance of Rajasthan. It is performed by groups of dancers moving in&out with an almost military precision.  Garba: This is a folk dance from Gujarat. It is traditionally danced at marriages&during the time of Navaratri.• Gatka: A folk dance utilising swords, daggers, or sticks performed in the Punjab  Karagam: This is a folk dance of Tamil Nadu. It is played with a pot balanced on the head.  Raas: This is a folk dance from Gujarat. It is traditionally danced at marriages&during the time of Navaratri.  Dumhal: A folk dance of Kashmir.  Odissi: Folk dance performed in Orissa.  Chau: A popular dance performed in Orissa, bihar&west Bengal www.sscadda.com|www.careerpower.in | ADDA247 THE APP GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 IMPORTANT DAYS July  4 July (first Saturday in July) International Day of Cooperatives  11 July World Population Day  15 July World Youth Skills Day  18 July Nelson Mandela International Day  28 July World Hepatitis Day  30 July World Day against Trafficking in Persons August  12 August International Youth Day  19 August World Humanitarian Day  August Rajiv Gandhi s Birth Anniversary (Sadhbhavana Diwas)  29 August International Day against Nuclear Tests  30 August International Day of the Victims of Enforced Disappearances  1 October National Voluntary Blood Donation Day  2 October International Day of NonViolence  October World Teachers Day  5 October World Habitat Day  8 October Air Force Day  9 October World Post Day  10 October World Mental Health Day  10 October National Post Day  16 October World Food Day  17 October International Day for the Eradication of Poverty  20 October World Statistics Day  24 October UN Day  31 October Anti -Terrorism Day  14 November World Diabetes Day  16 November International Day for Tolerance  19 November National Integration Day )ndira Gandhi s Birthday  19 November World Philosophy Day  November Universal Children s Day  20 November National Child Rights Day  21 November World Television Day  26 November Constitution Day Other Important Days:  12th January- National Youth day (Birthday of Vivekananda).  15th January- Army day.  24th Jan- National Girl Child Day.  25th January- National tourism day/ Voters day  30th January- National Martyrs day&World anti Leprosy Day  4th Feb- World Cancer Day.  28th Feb- National science day  8th March- International women day  9th March- World Kidney day  15th March- World Consumer rights day , September  8 September International Literacy Day  14 September Hindi Divas  15 September International Day of Democracy  16 September International Day for the Preservation of the Ozone Layer  21 September International Day of Peace  25 September World Maritime Day  27 September World Tourism Day  1 December World AIDS Day  2 December National Pollution Control Day  4 December Naval Day  3 December National Conservation Day  5 December World Soil Day  7 December International Civil Aviation Day  9 December International AntiCorruption Day  10 December Human Rights Day  14 December National Energy Conservation Day  18 December International Migrants Day  20 December International Human Solidarity Day  24 Dec- National Consumers Rights Day  20th March- World Sparrow Day&International Happiness Day.  21st March- World Forestry day  22nd March- World water day  23rd March- World Meteorological day  24th March- World T.B. day  2 April- World Autism Awareness Day  7th April- World Health day  21st April- Civil service day  22nd April- World Earth day  24th April- Panchayat Divas  1st May- International Labour day COUNTRY&CURRENCY African Countries Name Algeria Angola Cameroon Egypt Ethiopia Gambia Ghana Kenya Liberia 39 Capital Algiers Luanda Yaoundé Cairo Addis Ababa Banjul Accra Nairobi Monrovia www.bankersadda.com | Currency Dinar Kwanza CFA franc Egyptian pound Birr Gambian dalasi Ghana cedi Kenyan shilling Liberian dollar Libya Madagascar Mali Mauritius Morocco Mozambique Tripoli Antananarivo Bamako Port Louis Rabat Maputo Namibia Nigeria Rwanda Seychelles Sierra Leone Windhoek Abuja Kigali Victoria Freetown www.sscadda.com|www.careerpower.in | Dinar Malagasy ariary CFA franc Mauritian rupee Moroccan dirham Mozambican metical Namibian dollar Naira Rwandan franc Seychellois rupee Leone ADDA247 THE APP GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 Somalia South Africa South Sudan Mogadishu Cape Town Juba Sudan Tanzania Khartoum Dodoma (official) Tunis Kampala Lusaka Harare Tunisia Uganda Zambia Zimbabwe Somali shilling South African rand South Sudanese pound Sudanese pound Tanzanian shilling Name Afghanistan Bahrain Bangladesh Bhutan Capital Kabul Manama Dhaka Thimphu Cambodia China Cyprus [Europe] Georgia [Europe] Indonesia Iran Iraq Israel Japan Kazakhstan Kyrgyzstan Laos Lebanon Malaysia Phnom Penh Beijing Nicosia Currency Afghani Bahraini dinar Taka Bhutanese ngultrum Riel Renminbi (yuan) Euro Tbilisi Lari Jakarta Tehran Baghdad Jerusalem Tokyo Astana Bishkek Vientiane Beirut Kuala Lumpur (official) Malé Ulaanbaatar Naypyidaw Rupiah Rial Iraqi dinar New Shekel Yen Tenge Som Kip Lebanese pound Ringgit Syria Taiwan Tajikistan Thailand Turkey [Europe] 40 Kathmandu Pyongyang Muscat Islamabad Manila Doha Riyadh Seoul Sri Jayawardenepur a-Kotte Damascus Taipei Dushanbe Bangkok Ankara www.bankersadda.com | Ashgabat United Arab Emirates Uzbekistan Abu Dhabi Turkmen new manat UAE dirham Tashkent Uzbekistan som European Countries Tunisian dinar Ugandan shilling Zambian kwacha US dollar Asian Countries Maldives Mongolia Myanmar (Burma) Nepal North Korea Oman Pakistan Philippines Qatar Saudi Arabia South Korea Sri Lanka Turkmenistan Maldivian rufiyaa Tögrög Kyat Nepalese rupee North Korean won Rial Pakistani Rupee Philippine Peso Riyal Saudi riyal South Korean won Sri Lankan rupee Syrian pound New Taiwan dollar Somoni Baht Turkish lira Name Albania Austria Belarus Belgium Bulgaria Croatia Czech Republic Denmark Finland France Germany Greece Hungary Iceland Ireland Italy Latvia Lithuania Luxembourg Malta Monaco Netherlands Norway Poland Portugal Romania Russia Serbia Slovakia Spain Sweden Switzerland Ukraine United Kingdom Vatican City Capital Tirana Vienna Minsk Brussels Sofia Zagreb Prague Copenhagen Helsinki Paris Berlin Athens Budapest Reykjavík Dublin Rome Riga Vilnius Luxembourg Valletta Monaco Amsterdam Oslo Warsaw Lisbon Bucharest Moscow Belgrade Bratislava Madrid Stockholm Bern Kiev London Currency Lek Euro Belarusian ruble Euro Lev Kuna Czech koruna Danish krone[a] Euro CFP franc Euro Euro Forint Icelandic króna Euro Euro Euro Euro Euro Euro Euro Euro Norwegian krone Złoty Euro Romanian leu Russian ruble Serbian dinar Euro Euro Swedish krona Swiss franc Ukrainian hryvnia Pound sterling Vatican City Euro North American Countries Name Bahamas Barbados Bermuda Canada Cuba Jamaica Mexico Nicaragua Panama www.sscadda.com|www.careerpower.in Capital Nassau Bridgetown Hamilton Ottawa Havana Kingston Mexico City Managua Panama City | Currency Bahamian Dollar Barbadian Dollar Bermudian Dollar Canadian Dollar Cuban peso Jamaican Dollar Mexican peso Nicaraguan cordoba Panamanian balboa ADDA247 THE APP GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 Trinidad&Tobago Port of Spain United States Washington, D.C. Trinidad&Tobago Dollar United States Dollar South American Countries Name Argentina Bolivia Brazil Chile Colombia Ecuador Paraguay Peru Uruguay Venezuela Capital Buenos Aires Sucre Brasília Santiago Bogotá Quito Asunción Lima Montevideo Caracas Currency Peso Boliviano Real Peso Peso United States dollar Guaraní Nuevo sol Uruguayan peso Bolívar fuerte Bareilly Ahmedabad Kota Jabalpur Panji Ujjain Surat Jamshedpur Dibrugarh Guwahati Kolkata Sambalpur Cuttack Srirangapatna Hyderabad Nasik Vijayvada Kurnool Tiruchirapalli Ram Ganga Sabarmati Chambal Narmada Mandavi Shipra Tapti Subarnarekha Brahmaputra Brahmaputra Hooghly Mahanadi Mahanadi Cauvery Musi Godavari Krishna Tungabhadra Cauvery Other Countries Name Australia Fiji New Zealand Capital Canberra Suva Wellington Currency Australian dollar Fijian dollar New Zealand Dollar Best Food Festivals Around the World Ivrea Orange Festival – Ivrea, Italy Maslenitsa Festival (Pancake Festival) – Moscow, Russia Melbourne Food&Wine Festival – Melbourne, Australia International Mango Festival – New Delhi, India Maine Lobster Festival – Harbor Park, Rockland, Maine, USA San Francisco Street Food Festival – San Francisco, Mistura Food Festival – Lima, Peru Oktoberfest – Munich, Germany Baltic Herring Festival – Helsinki, Finland Alba White Truffle Festival – Alba, Italy Monkey Buffet Festival – Lopburi Province, Thailand Chocolate Festival – London, UK IMPORTANT INDIAN TOWNS ON RIVERS Allahabad At the confluence of the Ganga&Yamuna Ganga Ganga Ganga Ganga Alaknanda Yamuna Yamuna Yamuna Satluj Satluj Jhelum Gomti Gomti Saryu Patna Varanasi Kanpur Haridwar Badrinath Agra Delhi Mathura Ferozpur Ludhiana Srinagar Lucknow Jaunpur Ayodhya 41 www.bankersadda.com | Nick Names of Important Indian Places Nick Names Golden City Manchester Of India City Of Seven Islands Queen Of Arabian Sea Space City Garden City Of India Silicon Valley Of India Electronic City Of India Pink City Gateway Of India Twin City: City Of Festivals Deccan Queen City Of Buildings Dakshin Ganga Old Ganga Egg Bowls Of Asia Soya Region Manchester Of The South City Of Nawabs Venice Of The East Sorrow Of Bengal Sorrow Of Bihar Blue Mountains Queen Of The Mountains Sacred River Hollywood Of India City Of Castles State Of Five Rivers City Of Weavers City Of Lakes Steel City Of India City Of Temples Manchester Of The North City Of Rallies www.sscadda.com|www.careerpower.in | City Amritsar Ahmedabad Mumbai Cochin Bangalore Bangalore Bangalore Bangalore Jaipur Mumbai Hyderabad, Secunderabad Madurai Pune Kolkata Godavari Godavari Andhra Pradesh Madhya Pradesh Coimbatore Lucknow Cochin Damodar River Kosi River Nilgiri Mussoorie (Uttarakhand) Ganga Mumbai Kolkata Punjab Panipat Srinagar Jamshedpur (Called Tatanagar) Varanasi Kanpur New Delhi ADDA247 THE APP GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 Heaven Of India Boston Of India Garden Of Spices Of India Switzerland Of India Abode Of The God Pittsburg Of India J&K Ahmedabad Kerala Kashmir Prayag(Allahabad) Jamshedpur DEFENCE FORCE EXERCISE BETWEEN INDIA&WORLD Garuda: India-France HAND-HAND: India-China Indra: India-Russia Jimex: India-Japan Malbar: Us-India Shade: Naval Forces Of India, Japan&China Surya Kiran: India&Nepal Varuna: France&India Simbex: Indian Navy With Republic Of Singapore Navy Ibsamar: India with Brazil&South African Navy Konkan: Indian Navy&Royal Navy Of Britain Ausindex: Indian&Australian Navy Indradhanush Or Rainbow: India-Uk Air Exercises Nomadic Elephant: Indian Army Exercises with Mongolia Ekuverin: Maldives&India Garuda Shakti: India&Indonesia Mitra Shakti: India-Sri Lanka Naseem Al-Bahr: India-Oman SLINEX: Joint exercise in Navy between India&Sri Lanka Sahyog-Kaijin -Joint exercise of Coast Guards of India&Japan Malabar: India&US Yudh Abhyas: India&US Red flag: India&US Cope: India&US SAMPRITI – India&Bangladesh Stadiums in Bangladesh Bangabandhu National Stadium- Dhaka Chittagong Stadium- Chittagong Stadiums in England Edgbaston- Birmingham Headingley- Leeds Lord's- London Old Trafford- Manchester Sophia Gardens- Cardiff St Lawrence Ground- Canterbury The Brit Oval- London Trent Bridge- Nottingham Stadiums in India Barabati Stadium -Cuttack Barkatullah Khan Stadium -Jodhpur Brabourne Stadium -Mumbai Eden Gardens -Kolkata Feroz Shah Kotla -Delhi Gandhi Stadium -Jalandhar Green Park -Kanpur Indira Gandhi Stadium -Vijayawada Rajiv Gandhi Port Silver Jubilee Stadium -Visakhapatnam Jawaharlal Nehru Stadium -New Delhi Lal Bahadur Shastri Stadium -Hyderabad M.Chinnaswamy Stadium -Bangalore MA Chidambaram Stadium -Chennai Madhavrao Scindia Cricket Ground -Rajkot Moin-ul-Haq Stadium -Patna Sardar Vallabhai Patel Motera Stadium -Ahmedabad Sawai Mansingh Stadium -Jaipur Vidarbha CA Ground -Nagpur Wankhede Stadium –Mumbai Jawaharlal Nehru Stadium: Kochi(Kerala) Dr. Bhupen Hazarika Cricket Stadium: Guwahati(Assam) Dhyan Chand National Stadium: Delhi Stadiums in New Zealand Basin Reserve-Wellington Eden Park-Auckland Jade Stadium-Christchurch John Davies Oval-Queenstown McLean Park-Napier Stadiums in Pakistan Arbab Niaz Stadium-Peshawar Ayub National Stadium-Quetta Gaddafi Stadium-Lahore Stadiums Around the World Stadiums in Australia Adelaide Oval- Adelaide Bundaberg Rum Stadium- Cairns Telstra Dome- Melbourne Manuka Oval- Canberra Marrara Cricket Ground- Darwin Melbourne Cricket Ground- Melbourne Sydney Cricket Ground- Sydney W.A.C.A. Ground- Perth 42 www.bankersadda.com | Stadiums in South Africa Kingsmead-Durban New Wanderers Stadium-Johannesburg Newlands-Cape Town St George's Park-Port Elizabeth Centurion Super Sport Park-Pretoria Stadium in Sri Lanka Colombo Cricket Club Ground-Colombo www.sscadda.com|www.careerpower.in | ADDA247 THE APP GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 Galle International Stadium-Galle P.Saravanamuttu Stadium-Colombo R.Premadasa Stadium-Colombo Sinhalese Sports Club Ground-Colombo Albion Sports Complex Berbice-Guyana Stadiums in West Indies Sabina Park Kingston-Jamaica Antigua Recreation Ground St John's-Antigua Guyana Cricket Stadium Georgetown-Guyana Kensington Oval Bridgetown-Barbados Mindoo Phillip Park Castries-St Lucia Stadiums in Zimbabwe Bulawayo Athletic Club-Bulawayo Harare Sports Club-Harare Kwekwe Sports Club-Kwekwe Queens Sports Club-Bulawayo Stadiums in United Arab Emirates Sheikh Zayed Stadium-Abu Dhabi Sharjah Cricket Stadium-Sharjah CMS S/GOVERNORS OF STATES )N )ND)A State Andhra Pradesh Arunachal Pradesh Assam Bihar Chhattisgarh Delhi Goa Gujarat Capital Amravathi [*Hyderabad initially] Itanagar Dispur Patna Raipur New Delhi Panaji Gandhinagar CM N. Chandrababu Naidu Pema Khandu Sarbananda Sonowal Nitish Kumar Raman Singh Arvind Kejriwal Laxmikant Parsekar Vijay Rupani Governor E. S. L. Narasimhan V Shanmuganthan Padmanabha Acharya Ram Nath Kovind Balram Das Tandon Najeeb Jung (L.G) Mridula Sinha Om Prakash Kohli Haryana Chandigarh (shared with Punjab) Manohar Lal Khattar Kaptan Singh Solanki Himachal Pradesh Shimla Virbhadra Singh Acharya Dev Vrat J&K Srinagar (Summer) Jammu (Winter) Ranchi Bangaluru Thiruvananthapuram Mehbooba Mufti Narinder Nath Vohra Raghuvar Das Siddaramaiah Pinarayi Vijayan Draupadi Murmu Vajubhai Vala P. Sathasivam Shivraj Singh Chouhan Devendra Fadnavis Okram Ibobi Singh Mukul Sangma Lal Thanhawla T. R. Zeliang Naveen Patnaik N Narayanswami Parkash Singh Badal O P Kohli (Additional Charge) C. Vidyasagar Rao Najma A Heptulla V. Shanmuganthan Nirbhay Sharma Padmanabha Acharya S. C. Jamir Kiran Bedi V P Singh Badnore Rajasthan Sikkim Tamil Nadu Bhopal Mumbai Imphal Shillong Aizawl Kohima Bhubaneshwar Puducherry Chandigarh (shared with Haryana) Jaipur Gangtok Chennai Vasundhara Raje Pawan Kumar Chamling O. Panneerselvam Telangana Tripura Uttar Pradesh Uttarakhand West Bengal Hyderabad Agartala Lucknow Dehradun Kolkata K. Chandrashekar Rao Manik Sarkar Akhilesh Yadav Harish Rawat Mamata Banerjee Kalyan Singh Shriniwas Dadasaheb Patil C Vidyasagar Rao (Additional Charge) E. S. L. Narasimhan Tathagata Roy Ram Naik Krishan Kant Paul Keshari Nath Tripathi Jharkhand Karnataka Kerala Madhya Pradesh Maharashtra Manipur Meghalaya Mizoram Nagaland Odisha Puducherry Punjab WILDLIFE SANTUARIES/NATIONAL PARKS / POWER PLANTS IN INDIA S. No 1. 43 States National Parks(NP) J&K CM : Mehbooba Mufti Governor: Narendra Vohra www.bankersadda.com |  Dachigam National Park  Hemis National Park  Kishtwar National Park Wild Life Sanctuaries (WLS)  Gulmarg WLS  Limber WLS  Nandini WLS www.sscadda.com|www.careerpower.in | Power Plants - ADDA247 THE APP GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 2. 3. 4. Punjab CM: Parkash Singh Badal Governor: V P Singh Badnore Capital: Chandigarh Haryana CM: Manohar Lal Khattar Governor: Kaptain Solanki Capital: Chandigarh 5. UP CM: Akhilesh Yadav Governor: Ram Naik Capital: Lucknow 6. Bihar CM: Nitish Kumar Governor: Ram Nath Kovind Capital: Patna 7. Chattisgarh CM: Raman Singh Governor: Balram Tandon Capital: Raipur 8. Jharkhand CM: Raghuvar Das Governor: Draupadi Murmu Capital: Ranchi 9. Andhra Pradesh CM: N. Chandrababu Naidu Governor: E.S.L Narasimhan Capital:Amravathi [*Hyderabad initially] 10. 44 Capital: Jammu(Summer) Srinagar(Winter) Himachal Pradesh CM: Virbhadra Singh Governor: Acharya Dev Vrat Capital: Shimla  Pin Valley National Park  Great Himalayan National Park  Inderkilla National Park  Khirganga National Park  Simbalbara National Park - |           Bandli WLS Daranghati WLS Dhauladhar WLS Nargu WLS Pong Dam Lake WLS Shilli WLS Talra WLS Abohar WLS Harike Lake WLS Jhajjar Bacholi WLS  Girinagar Hydel Project  Binwa Hydel Project  Rangtong Hydel Project  Baner&Neugal Project  Guru Gobind Singh Super Thermal Power Plant  Kalesar National Park  Sultanpur National Park  Bhindawas WLS  Kalesar WLS  Khaparwas WLS  Dudhwa National Park           Hastinapur WLS Ranipur WLS Sohagibarwa WLS Sur Sarovar WLS Chandraprabha WLS National Chambal WLS Gautam Budha WLS Kaimur WLS Pant (Rajgir) WLS Valmiki WLS  Indravati National Park  Kanger Valley National Park  Guru Ghasi Das (Sanjay)     Badalkhol WLS Bhairamgarh WLS Bhoramdev WLS Udanti Wild Buffalo WLS  Betla National Park  Lawalong WLS  Palkot WLS  Parasnath WLS  Sri Venkateswara National Park       Mrugavani National Park Coringa WLS Kolleru WLS Nellapattu WLS Pulicat Lake WLS Rajiv Gandhi (Nagarjuna Sagar-Srisailam) WLS  Rollapadu WLS  Kawal WLS  Sipat Thermal Power Plant  Hasdeo Thermal Power Station  Bhilai Expansion Power Plant  Chandrapura Thermal Power Station  Koderma Thermal Power Station  Bokaro Thermal Power Station  Simhadri Super Thermal Power Plant  Sri Damodaram Sanjeevaiah Thermal Power Station  Dibru-Saikhowa National  Amchang WLS  Bongaigaon Thermal  Valmiki National Park Telangana CM: K. Chandrashekar Rao Governor: E. S. L. Narasimhan Capital:Hyderabad Assam www.bankersadda.com  Salim Ali National Park www.sscadda.com|www.careerpower.in |  Gorakhpur Atomic Power Station  Deenbandhu Chhotu Ram Thermal Power Station  Rajiv Gandhi Thermal Power Station  Narora Atomic Power Station  Rihand Thermal Power Station  Anpara Thermal Power Station  Kahalgaon Super Thermal Power Station  Barauni Thermal Power Station ADDA247 THE APP GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 CM: Sarbananda Sonowal Governor: P.V. Acharya Capital: Dispur 45 11. Goa CM: Laxmikant Parsekar Governor: Mridula Sinha Capital: Panaji 12. Gujarat CM: Vijay Rupani Governor: O.P.Kohli Capital: Gandhinagar 13. Karnataka CM: Siddaramaiah Governor: Vajubhai R. Vala Capital: Bangalore 14. Kerala CM:Pinarayi vijayan Governor: P. Sathashivam Capital: Trivandampuram 15. MP CM: Shivraj Singh Chouhan Governor: O P Kohli (Additional Charge) Capital: Bhopal 16. Maharashtra CM: Devendra Fadnavis Governor: C. Vidyasagar Rao Capital: Mumbai www.bankersadda.com Park Kaziranga National Park Manas National Park Nameri National Park Rajiv Gandhi Orang National Park  Bhagwan Mahavir (Mollem) National Park      Blackbuck National Park, Velavadar  Gir Forest National Park  Marine National Park, Gulf of Kutch  Bansda National Park |  Bandipur National Park  Bannerghatta National Park  Kudremukh National Park  Nagarhole National Park  Anshi national park  Eravikulam National Park  Mathikettan Shola National Park  Periyar National Park  Silent Valley National Park  Anamudi Shola National Park  Pampadum Shola National Park  Kanha National Park  Madhav National Park  Mandla Plant Fossils National Park  Panna National Park  Pench National Park  Sanjay National Park  Satpura National Park  Van Vihar national park  Chandoli National Park  Navegaon National Park  Tadoba National Park  Gugamal national park      Chakrashila WLS Dihing Patkai WLS East Karbi Anglong WLS North Karbi Anglong WLS Nambor WLS  Bondla WLS  Madei WLS  Bhagwan Mahavir (Mollem) WLS  Netravali WLS  Jambugodha WLS  Jessore WLS  Kutch Desert WLS  Mitiyala WLS  Porbandar Lake WLS  Rampara Vidi WLS  Ratanmahal WLS  Shoolpaneswar (Dhumkhal) WLS  Thol Lake WLS  Wild Ass WLS  Arabithittu WLS  Attiveri WLS  Bhadra WLS  Bhimgad WLS  Brahmagiri WLS  Cauvery WLS  Nugu WLS  Pushpagiri WLS  Ranganathittu Bird WLS  Sharavathi Valley WLS  Someshwara WLS  Aralam WLS  Chimmony WLS  Idukki WLS  Malabar WLS  Mangalavanam Bird WLS  Neyyar WLS  Periyar WLS  Thattekad Bird WLS           Bori WLS Gandhi Sagar WLS Ghatigaon WLS Ken Gharial WLS Narsighgarh WLS National Chambal WLS Orcha WLS Kuno WLS Sardarpur WLS Son Gharial WLS       Aner Dam WLS Bhamragarh WLS Bhimashankar WLS Great Indian Bustard WLS Jaikwadi WLS Koyana WLS www.sscadda.com|www.careerpower.in | Power Plant -  Mundra Thermal Power Station  Ukai Thermal Power Station  Akrimota Thermal Power Station  Kakrapar Nuclear Power Plant  Raichur Thermal Power Station  Udupi Thermal Power Plant  Bellary Thermal Power Station  Brahmapuram Power Station  Kayamkulam Power Station  Vindhyachal Super Thermal Power Station  Sant Singaji Thermal Power Plant  Satpura Thermal Power Station  Amarkantak Thermal Power Station  Sasan Ultra Mega Power Project  Tarapur Atomic Power Station  Tirora Thermal Power Station  Amravati Thermal Power Plant ADDA247 THE APP GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 17. 18. 19. 20. 21. 22. Rajasthan CM: Vasundhara Raje Governor: Kalyan Singh Capital: Jaipur 23. Sikkim CM: Pawan Kumar Chamling Governor: Srinivas Patel Capital: Gangtok 24. Tamil Nadu CM: O. Panneerselvam Governor: C Vidyasagar Rao (Additional Charge) Capital: Chennai 25. 26. 46 Manipur CM: Okram Ibobi Singh Governor: Najma A Heptulla Capital: Imphal Meghalaya CM: Mukul Sangma Governor: V. Shanmuganathan Capital: Shillong Mizoram CM: Lal Thanhawla Governor: Nirbhaya Sharma Capital: Aizawl Nagaland CM: T. R. Zeliang Governor: P.B.Acharya Capital: Kohima Odisha CM: Naveen Patnaik Governor: S.C. Jamir Capital: Bhubaneshawer Tripura CM: Manik Sarkar Governor: Tathagata Roy Capital: Agartala UK www.bankersadda.com |  Keibul Lamjao National Park        Nagzira WLS Painganga WLS Radhanagari WLS Sagareshwar WLS Tipeshwar WLS Tungareshwar WLS Yangoupokpi-Lokchao WLS -  Balphakram National Park  Nokrek National Park  Baghmara Pitcher Plant WLS  Nongkhyllem WLS  Siju WLS  Murlen National Park  Phawngpui Blue National Park  Mountain National Park      Intanki National Park  Fakim WLS  Puliebadze WLS  Rangapahar WLS  Dikhu Hydro Electric Power Plant  Bhitarkanika National Park  Simlipal National Park                      Talcher Super Thermal Power Station  Sariska National Park  Ranthambore National Park  Darrah National Park  Desert National Park  Keoladeo National Park  Khangchendzonga National Park  Mudumalai National Park  Mukurthi National Park  Indira Gandhi (Annamalai) National Park  Guindy National Park  Gulf of Mannar Marine National Park  Bison( Rajbari ) National Park  Clouded Leopard National Park  Gangotri National Park Dampa WLS (TR) Ngengpui WLS Pualreng WLS Tokalo WLS Badrama WLS Baisipalli WLS Chilika (Nalaban) WLS Hadgarh WLS Khalasuni WLS Satkosia Gorge WLS Bundh Baratha WLS Darrah WLS Jawahar Sagar WLS Kailadevi WLS Mount Abu WLS Ramsagar WLS Sariska WLS Sawai Man Singh WLS Shergarh WLS Sitamata WLS Fambong Lho WLS Kitam WLS (Bird) Maenam WLS Pangolakha WLS  Indira Gandhi (Annamalai) WLS  Kalakad WLS  Karaivetti WLS  Karikili WLS  Mudumalai WLS  Pulicat Lake WLS  Vaduvoor WLS  Vedanthangal WLS  Vettangudi WLS  Gumti WLS  Rowa WLS  Sepahijala WLS  Trishna WLS  Askot Musk Deer WLS www.sscadda.com|www.careerpower.in | - -  Chhabra Thermal Power Station  Suratgarh Power Station  Rangit Hydro Electric Power Prject  Kudankulam Nuclear Power Plant  Neyveli Thermal  Tuticorin Thermal Power Station  Palatana Thermal Power Plant  Chibro Power Plant ADDA247 THE APP GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 CM: Harish Rawat Governor: K.K. Paul Capital: Dehradun  Jim Corbett National Park  Valley of Flowers National Park 27. WB CM: Mamata Banerjee Governor: Keshari Nath Tripathi Capital: Kolkata  Buxa National Park  Neora Valley NationalPark  Singalila National Park  Sundarbans National Park 28. Arunachal Pradesh  Namdapha National Park  Mouling National Park       Binsar WLS Govind Pashu Vihar WLS Kedarnath WLS Sonanadi WLS Ballavpur WLS Chintamani Kar Bird Sanctuary  Haliday Island WLS  Lothian Island WLS  Mahananda WLS  Khodri Power Plant  Chilla Power Plant  Mejia Thermal Power Station  Farakka Super Thermal Power Station  Kolaghat Thermal Power Station  Bakreshwar Thermal Power Station  Durgapur Steel Thermal Power Station Portfolios of the Union Council of Ministers Sl. No 1 2 3 4 5 6 Ministers Narendra Modi Raj Nath Singh Sushma Swaraj Arun Jaitley Nitin Jairam Gadkari M. Venkaiah Naidu 7 Suresh Prabhu 8 D. V. Sadananda Gowda Uma Bharati 9 10 Ramvilas Paswan 11 Kalraj Mishra 12 Maneka Sanjay Gandhi Ananth kumar 13 47 Portfolios Constituency Prime Minister Varanasi, UP Home Affairs Lucknow, UP External Affairs Vidisha, MP Finance Corporate Affairs Road Transport&Highways Shipping Urban Development Housing&Urban Poverty Alleviation Information & Broadcasting Railways Rajya Sabha Gujarat Nagpur, Maharashtra Statistics & Programme Implementation Water Resources, River Development&Ganga Rejuvenation Consumer Affairs, Food&Public Distribution Micro, Small&Medium Enterprises Women&Child Development Rajya Sabha, Rajasthan 14 Ravi Shankar Prasad 15 Jagat Prakash Nadda 16 Ashok Gajapathi Raju Pusapati Anant Geete 17 18 19 Rajya Sabha, Andhra Pradesh Bangaluru North, Karnataka Jhansi, UP Hajipur, Bihar 20 21 www.bankersadda.com | Heavy Industries&Public Enterprises Food Processing Industries Rural Development Panchayati Raj Drinking Water&Sanitation Steel Tribal Affairs Radha Mohan Singh Agriculture & Farmers Welfare 23 Thawar Chand Gehlot Smriti Zubin Irani Harsh Vardhan Social Justice&Empowerment Textiles Prakash Javadekar Human Resource Development 24 Deoria, UP 25 Philiphit, UP Bengaluru South, Chaudhary Birender Singh Jual Oram Civil Aviation 22 26 Chemicals&Fertilizers Parliamentary Affairs Harsimrat Kaur Badal Narendra Singh Tomar Law & Justice Electronics & Information Technology Health&Family Welfare www.sscadda.com|www.careerpower.in | Science&Technology Earth Sciences ADDA247 THE APP Karnataka Rajya Sabha, Bihar Rajya Sabha, Himachal Pradesh Vizianagaram, Andhra Pradesh Raigad, Maharashtra Bathinda, Punjab Gwalior, Madhya Pradesh Rajya Sabha, Haryana Sundargarh, Odisha Purvi Champaran, Bihar Shajapur, MP Rajya Sabha, Gujarat Chandni Chauk, New Delhi Rajya Sabha, Madhya Pradesh GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 Important Dams in India Dams River Tehri Dam Bhagirathi River Mullaiperiyar Dam Periyar River Bhakra Dam Sutlej River Hirakud Dam Nagarjuna Sagar Dam Mahanadi River Krishna River Sardar Sarovar Dam Indirasagar Dam Narmada River Narmada River Tungabadra dam Bhavanisagar Dam Koyna Dam Idukki Dam Krishna Raja Sagara Dam Mettur Dam Tungabhadra River Bhavani River Koyna River Periyar River Kaveri River State Uttarakhand Kerala Himachal Pradesh Odisha Andhra Pradesh Gujarat Madhya Pradesh Karnataka Tamil Nadu Maharashtra Kerala Karnataka Kaveri River Tamil Nadu Srisailam Dam Krishna River Banasura Sagar Dam Kabini River Andhra Pradesh Kerala BANKING AWARENESS CAPSULE FINANCIAL BANKING AWARENESS IMPORTANT TOPICS IN BANKING FOR RRB/NABARD EXAMS National Payments Corporation of India (NPCI) has implemented National Automated Clearing (ouse NAC( for Banks, Financial Institutions, Corporates&Government a web based solution to facilitate interbank, high volume, electronic transactions which are repetitive&periodic in nature. NACH System can be used for making bulk transactions towards distribution of subsidies, dividends, interest, salary, pension etc. National Automated Clearing House (NACH) is a centralised system, launched with an aim to consolidate multiple ECS systems running across the country&provides a framework for the harmonization of standard & practices&removes local barriers/inhibitors. NACH system will provide a national footprint&is expected to cover the entire core banking enabled bank branches spread across the geography of the country irrespective of the location of the bank branch. NACH system also supports Financial Inclusion measures initiated by Government, Government Agencies&Banks by providing support to Aadhaar based transactions. NAC( s Aadhaar Payment Bridge (APB) System, developed by NPCI has been helping the Government&Government Agencies in making the Direct Benefit Transfer scheme a success. Bharat Bill Payment System (BBPS) This will function as a tiered structure for operating the bill payment system in the country under a single brand image. National Payments Corporation of India (NPCI) will function as the authorized Bharat Bill Payment Central Unit (BBPCU), which will be responsible for setting business standards, rules&procedures for technical&business requirements for all the participants. NPCI, as the BBPCU, will also undertake clearing&settlement activities related to transactions routed through BBPS. 48 www.bankersadda.com | Sectors in the Indian Economy Indian Economy is normally categorized into three sectors namely 1. Primary Sector 2. Secondary Sector 3. Tertiary Sector 1. Primary Sector Primary Sector is directly dependent on environment for manufacture&production. For example, agriculture, mining, farming etc. 2. Secondary Sector Secondary Sector adds value to the proud by transforming raw materials into valuable products. For example, processing&construction industries. 3. Tertiary Sector/Service Sector Tertiary Sector is involved in production&exchange of services. For example, transportation, communication,&other services of such kind. Tertiary Sector is also known as Services Sector as it facilitates the production&exchanges of services. Mobile Money Identifier (MMID) is a 7 digit number, issued by banks. MMID is one of the input which when clubbed with mobile number facilitates fund transfer. Combination of Mobile no. & MMID is uniquely linked with an Account number&helps in identifying the beneficiary details. Different MM)D s can be linked to same Mobile Number. Immediate Payment Service (IMPS) Immediate Payment Service (IMPS) public launch happened on 22nd November 2010 by Smt. Shyamala Gopinath, DG RBI at Mumbai&this service is now available to the Indian public. IMPS offers an instant, 24X7, interbank electronic fund transfer service through mobile phones. IMPS is an emphatic tool to transfer money instantly within banks across India through mobile,internet&atm which is not only safe but also economical both in financial&non financial perspectives. www.sscadda.com|www.careerpower.in | ADDA247 THE APP GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 Unified Payments Interface (UPI) It is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood. )t also caters to the Peer to Peer collect request which can be scheduled&paid as per requirement&convenience. Objectives of UPI:1. Immediate money transfer through mobile device round the clock 24*7&365 days. 2. Single mobile application for accessing different bank accounts 3. Single Click 2 Factor Authentication – Aligned with the Regulatory guidelines, yet provides for a very strong feature of seamless single click payment. 4. Virtual address of the customer for Pull & Push provides for incremental security with the customer not required to 6. enter the details such as Card no, Account number; IFSC etc. National Institute of Bank Management (NIBM) National Institute of Bank Management (NIBM) was established in 1969 by the Reserve Bank of India, in consultation with the Government of India, as an autonomous apex institution for research, training, education&consultancy in bank management. Its mandate is to play a proactive role of think-tank of the banking system. NIBM is part of the grand vision of giving a new direction to the banking industry in India&making the industry a more costeffective instrument for national development. The Governor of the Reserve Bank of India (the central bank of the country), is the Chairman of the Governing Board. National Institute of Bank Management (NIBM) is situated at Pune, Maharashtra. Electronic Funds Transfer at Point of Sale (EFTPOS) EFTPOS is the method for paying for goods or services without needing to carry cash. On making a purchase, the eftpos customer gives an eftpos card to the cashier who inserts it into an on-site eftpos machine. When the eftpos customer confirms the purchase, either by signature or security PIN, the eftpos equipment contacts the store's bank electronically about the transaction. A message is also sent to the customer's bank. Unless there is reason for the eftpos transaction not to be completed, the funds will then be transferred between the two accounts. Small Finance Banks in the Private Sector Objectives: The objectives of setting up of small finance banks will be to further financial inclusion by (a) provision of savings vehicles,&(b) supply of credit to small business units; small&marginal farmers; micro&small industries;&other unorganised sector entities, through high technology-low cost operations. Eligible promoters: Resident individuals/professionals with 10 years of experience in banking&finance;&companies&societies owned&controlled by residents will be eligible to set up small finance banks. Existing Non-Banking Finance Companies (NBFCs), Micro Finance Institutions (MFIs),&Local Area Banks (LABs) that are owned&controlled by residents can also opt for conversion into 49 www.bankersadda.com | small finance banks. Promoter/promoter groups should be fit&proper with a sound track record of professional experience or of running their businesses for at least a period of five years in order to be eligible to promote small finance banks. Scope of activities: The small finance bank shall primarily undertake basic banking activities of acceptance of deposits&lending to unserved&underserved sections including small business units, small&marginal farmers, micro&small industries&unorganised sector entities. There will not be any restriction in the area of operations of small finance banks. Capital requirement: The minimum paid-up equity capital for small finance banks shall be Rs. 100 crore. Promoter's contribution: The promoter's minimum initial contribution to the paid-up equity capital of such small finance bank shall at least be 40 per cent&gradually brought down to 26 per cent within 12 years from the date of commencement of business of the bank. Foreign shareholding: The foreign shareholding in the small finance bank would be as per the Foreign Direct Investment (FDI) policy for private sector banks as amended from time to time. Payments Banks Objectives: The objectives of setting up of payments banks will be to further financial inclusion by providing (i) small savings accounts&(ii) payments/remittance services to migrant labour workforce, low income households, small businesses, other unorganised sector entities&other users. Eligible promoters: Existing non-bank Pre-paid Payment Instrument (PPI) issuers;&other entities such as individuals / professionals; NonBanking Finance Companies (NBFCs), corporate Business Correspondents(BCs), mobile telephone companies, supermarket chains, companies, real sector cooperatives; that are owned&controlled by residents;&public sector entities may apply to set up payments banks. A promoter/promoter group can have a joint venture with an existing scheduled commercial bank to set up a payments bank. However, scheduled commercial bank can take equity stake in a payments bank to the extent permitted under Section 19 (2) of the Banking Regulation Act, 1949. Promoter/promoter groups should be fit&proper with a sound track record of professional experience or running their businesses for at least a period of five years in order to be eligible to promote payments banks. Scope of activities: Acceptance of demand deposits. Payments bank will initially be restricted to holding a maximum balance of Rs. 100,000 per individual customer. Issuance of ATM/debit cards. Payments banks, however, cannot issue credit cards. Payments&remittance services through various channels. BC of another bank, subject to the Reserve Bank guidelines on BCs.Distribution of non-risk sharing simple financial products like mutual fund units&insurance products, etc. Deployment of funds: The payments bank cannot undertake lending activities. Apart from amounts maintained as Cash Reserve Ratio (CRR) with the www.sscadda.com|www.careerpower.in | ADDA247 THE APP GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 Reserve Bank on its outside demand&time liabilities, it will be required to invest minimum 75 per cent of its "demand deposit balances" in Statutory Liquidity Ratio(SLR) eligible Government securities/treasury bills with maturity up to one year&hold maximum 25 per cent in current&time/fixed deposits with other scheduled commercial banks for operational purposes&liquidity management. Capital requirement: The minimum paid-up equity capital for payments banks shall be Rs. 100 crore. The payments bank should have a leverage ratio of not less than 3 per cent, i.e., its outside liabilities should not exceed 33.33 times its net worth (paid-up capital&reserves). Promoter's contribution: The promoter's minimum initial contribution to the paid-up equity capital of such payments bank shall at least be 40 per cent for the first five years from the commencement of its business. Foreign shareholding: The foreign shareholding in the payments bank would be as per the Foreign Direct Investment (FDI) policy for private sector banks as amended from time to time. Reserve Bank of India (RBI) i. RBI established on April 1, 1935 under RBI Act 1934 (recommendations of John Hilton Young Commission 1926 – called Royal Commission on Indian Currency&Finance), is the central bank of the country&was nationalised w.e.f Jan 01,1949. ii. Originally it was a shareholders bank which was taken over by the Central Govt. under Reserve Bank (Transfer of Public Ownership) Act 1948 (paid up capital Rs. 5 cr). iii. RB) s central office is in Mumbai. Functions of RBI: Issuance of currency: RBI is the authority in India to issue currency notes (called bank notes) under signatures of Governor. (One rupee note called currency note is issued by the Central Govt.&signed by Finance Secretary). The stock of currency is distributed with the help of currency chests spread all over the country. Banker to Govt.: RBI transacts govt. business&manages public debt. SBI or any other bank is appointed Agent where RBI does not have office. It provides Ways & Means advances to Govt. Bankers bank: It keeps a part of deposits of commercial banks (as CRR)&acts as lender of last resort by providing financial assistance to banks. It provides export credit refinance, Liquidity Adjustment Facility&Marginal Standing Facility. Controller of Banks: An entity which is to conduct banking business in India has to obtain license from RBI. It acts as controller of banks by including the banks in 2nd Schedule of the Act. It issues directions, carries inspection (on-site as well as off-site)&exercises management control. Controller of credit: RBI can fix interest rates (including Bank Rate)&exercise selective credit controls. Various tools such as change in cash reserve ratio, stipulation of margin on securities, directed credit guidelines etc. are used for this purpose. It also carries sale&purchase of securities which are known as open market operations. 50 www.bankersadda.com | Maintenance of external value: RBI is responsible also for maintaining external value of Indian currency as well as the internal value. Foreign exchange reserves are held by RBI&it has a wide power to regulate foreign exchange transactions under Foreign Exchange Management Act (FEMA). BANKING REGULATION ACT 1949 a) Passed as the Banking Companies Act 1949 (came into force wef 16.3.49&changed to Banking Regulation Act 1949 w.e.f. 01.03.66, it was made applicable to J & K in 1956 (and now applicable throughout India). b) The Act is not applicable to primary agricultural credit societies, cooperative land mortgage banks&non-agricultural primary credit societies. SCHEDULED BANK a) As per Sec 2 (e) of RBI Act, a scheduled bank means a bank whose name is included in the 2nd schedule of RBI Act 1934. b) A scheduled bank should satisfy the conditions which include paid-up capital&reserves requirement of not less than Rs. 5 lac, satisfaction of RBI that the affairs will not be conducted by the bank in a way to jeopardize the interests of the depositor. (Commercial, Rural&many State Coop Banks are classified as Scheduled Banks). c) A bank that is not included in the 2nd Schedule of RBI is called Non-scheduled Bank. Total No. of Banks d) Total PSBs: 27 e) Total Private Sector Banks: 26 f RRB s: g) Foreign Banks: 46 h) Cooperative Banks: 43 IMPORTANT POINTS ON RBI  RBI is not expected to perform the function of accepting deposits from the general public.  RBI has its headquarters at Mumbai.  Prime lending rate is decided by the individual banks.  RBI decides the following rates namely; Bank rate, repo rate, reverse repo rate&cash reserve ratio.  The quantitative instruments of RBI are – bank rate policy, cash reserve ratio&statutory liquidity ratio.  The objective of monetary policy of RBI is to control inflation; discourage hoarding of commodities&encourage flow of credit into neglected sector.  When RBI is lender of the last resort, it means that RBI advances credit against eligible securities.  Government of India decides the quantity of coins to be minted.  The method which is used currently in India to issue currency note – minimum reserve system. For issuing notes, RBI is required to hold the minimum reserves of Rs. 200 crore of which note less than Rs. 115 crore is to be held in gold. POLICY RATES Current Reserve Ratios&Policy Rates Bank Rate 6.75 Repo Rate 6.25 Reverse Repo Rate 5.75 www.sscadda.com|www.careerpower.in | ADDA247 THE APP GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 CRR 4% SLR 20.50% MSF 6.75 Repo Rate Repo rate is the rate of interest which is levied on Short-Term loans taken by commercial banks from RBI. Whenever the banks have any shortage of funds they can borrow it from RBI. Reverse Repo Rate This is exact opposite of Repo rate. Reverse repo rate is the rate at which commercial banks charge on their surplus funds with RBI. RBI uses this tool when it feels there is too much money floating in the banking system. SLR Rate SLR (Statutory Liquidity Ratio) is the amount a commercial bank needs to maintain in the form of cash, or gold or government approved securities (Bonds) before providing credit to its customers. It is determined as the percentage of total Net Demand&Time Liabilities (NDTL). BANK RATE )t is defined in Sec of RB) Act as the standard rate at which RBI is prepared to buy or rediscount bills of exchange or other commercial papers eligible for purchase under this act . CASH RESERVE RATIO CRR refers to the ratio of bank s cash reserve balances with RB) with reference to the bank s net demand&time liabilities to ensure the liquidity&solvency of the scheduled banks. ACCOUNTS IN A BANK  Savings Bank Account  Current Deposit Account  Fixed Deposit Account  Recurring Deposit Account. a. Savings Bank Account The rate of interest on savings bank account varies from bank to bank&also changes from time to time. Interest rate is paid to the account holders on daily balance basis. b. Current Deposit Account  This account is mainly for big businessmen, companies&institutions, since there are no restrictions on number of withdrawals from this type of account. From this account withdrawal can be made any number of times.  For the convenience of the account holders banks also allow withdrawal of amounts in excess of the balance of deposit. This facility is known as overdraft facility. c. Fixed Deposit Account (also known as Term Deposit Account) Money is deposited in a fixed deposit account to earn interest at a higher rate. d. Recurring Deposit Account The rate of interest allowed on the deposits in this account is higher than that on a savings bank deposit but lower than the rate allowed on a fixed deposit for the same period. Important points to remember a) Minimum age to open a bank account is now 10 years. b) Maximum Interest rate is given on FD A/c. 51 www.bankersadda.com | c) The maximum period of an FD is 10 years & for RD is 10 years. INTEREST RATE ON BANK ACOUNTS A) Some points related to Interest Rates on Bank Accounts {Differential rate of interest (DRI)} 1) Interest on Savings A/c is calculated on daily balance basis. 2) Now, All Scheduled Commercial Banks (Excluding RRBs) have the discretion to offer differential interest rates based on whether the term deposits are with or withoutpremature-withdrawal-facility, subject to the following guidelines:  All term deposits of individuals (held singly or jointly) of Rs.15 lakh&below should, necessarily, have premature withdrawal facility.  For all term deposits other than (i) above, banks can offer deposits without the option of premature withdrawal as well.  Banks should disclose in advance the schedule of interest rates payable on deposits i.e. all deposits mobilized by banks should be strictly in conformity with the published schedule. B) Taxation of Savings Bank Interest rates: Unlike interest on fixed deposits, interest earned on savings bank accounts is not subject to Tax Deduction at Source. However, this does not mean the interest earned on Savings accounts is completely tax free. It is exempt upto Rs. 10,000 in a year,&if the interest you earn from Savings accounts crosses this threshold, it becomes subject to tax. C) Senior Citizens Savings Scheme, 2004: The salient features of the Senior Citizens Savings Scheme, 2004 are given below: Tenure of the deposit account Rate of interest Investment to be in multiples of Maximum investment limit Minimum eligible age for investment www.sscadda.com|www.careerpower.in | 5 years, can be extended by 3 years. 9.3 per cent per annum Rs. 1000/Rs. 15 lakh 60 years (55 years for those who have retired on superannuation or under a voluntary or special ADDA247 THE APP GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 Premature closure/withdrawal facility Modes of holding voluntary scheme). Permitted after one year of opening the account but with penalty. Accounts can be held both in single&joint holding modes. Joint holding is allowed only with spouse. Inoperative & Dormant Accounts RBI clarified on 30.10.09 that SB account can be treated as inoperative account only after 2 years from the date of the last credit entry of interest on Fixed Deposit account, where FD interest is being credited to SB account or where dividend on shares is being credited). TERMS RELATING TO DEPOSITS Unclaimed Deposits: The banks are to furnish to RBI a statutory annual return (penalty for delay) for unclaimed accounts which have not been operated for a period of 10 years or more in December every year u/s 26 of RBI Act. Demand liabilities Current deposits, Demand liabilities portion of saving deposits, margins held against LC/LG, Balances in overdue FD, cash certificate&RD, Outstanding TTs, MTs&DDs, Unclaimed deposits, Credit balance in CC a/c&Deposits held as security for loan payable on demand. Time liabilities FDs, cash certificate, cumulative&RDs, time liabilities portion of saving bank deposits, staff security deposits, margins against LC not payable on demand, deposit held as securities for advances&India Dev Bonds. NEGOTIABLE INSTRUMENTS ACT 1881 In India the Negotiable Instruments Act was passed during 1881 which came into force wef March 01, 1882. CHEQUE A cheque is (a) a bill of exchange (b) drawn on a specified bank&(c) not expressed to be payable otherwise than on demand. It includes electronic image of a truncated cheque&also an electronic cheque. AMOUNT OF A CHEQUE Where amount of a cheque differs in words&figures, as per Section 18, amount written in words should be paid irrespective of the fact, which amount is less or more. Legal amount&courtesy amount The amount in words is called the legal amount&the amount in figures is called the courtesy amount as per CTS 2010 guidelines of RBI. Types of Cheque 1. Bearer Cheque or open Cheque When the words "or bearer" appearing on the face of the cheque are not cancelled, the cheque is called a bearer cheque. The bearer cheque is payable to the person specified therein or to any other else who presents it to the bank for payment. 2. Order Cheque 52 www.bankersadda.com | When the word "bearer" appearing on the face of a cheque is cancelled&when in its place the word "or order" is written on the face of the cheque, the cheque is called an order cheque. Such a cheque is payable to the person specified therein as the payee, or to any one else to whom it is endorsed (transferred). 3. Crossed Cheque Crossing of cheque means drawing two parallel lines on the face of the cheque with or without additional words like "& CO." or "Account Payee" or "Not Negotiable". A crossed cheque cannot be encashed at the cash counter of a bank but it can only be credited to the payee's account. 4. Ante-Dated Cheque If a cheque bears a date earlier than the date on which it is presented to the bank, it is called as "ante-dated cheque". Such a cheque is valid upto 3 months from the date of the cheque. 5. Post-Dated Cheque If a cheque bears a date which is yet to come (future date) then it is known as post-dated cheque. A post dated cheque cannot be honoured earlier than the date on the cheque. 6. Stale Cheque If a cheque is presented for payment after 3 months from the date of the cheque it is called stale cheque. A stale cheque is not honoured by the bank. 7. A self cheque A self cheque is written by the account holder as pay self to receive the money in the physical form from the branch where he holds his account. 8. A truncated cheque means a cheque which is truncated during the course of a clearing cycle, either by the clearing house or by the bank whether paying or receiving payment, immediately on generation of an electronic image for transmission, substituting the further physical movement of the cheque in writing. The expression clearing house means the clearing house managed by the Reserve Bank of India or a clearing house recognised as such by the Reserve Bank of )ndia. Parties of a Cheque: There are three parties to the cheque  Drawer or Maker  The bank - on whom the cheque is drawn (i.e. the bank with whom the account is maintained by the drawer)  Payee – Payee is the person whose name is mentioned on the chequeto whom or to whose order the money is directed to be paid. ENDORSEMENT As per Section 15, endorsing means signing on the face or backside of an instrument (or even on a paper called Allonge or stamped paper), for the purpose of negotiating (transferring to next person) a negotiable instrument. Endorsement in full If an endorser signs his name&adds a direction to pay the amount mentioned in the instrument to, or to order of, a specified person, the endorsement is said to be in full. Blank endorsements can be converted into full. www.sscadda.com|www.careerpower.in | ADDA247 THE APP GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 Restrictive endorsement Where an endorsement prohibits&restricts further negotiability of the instrument, it is called restricted endorsement. The words Pay to Ashish only or Pay to Ashish for my use or Pay to Ashish for account of B , are the cases of restrictive endorsement. 1. Crossing Crossing of a cheque means two parallel transverse lines on the face with or without words, such as & Co , notnegotiable , payee s account only etc. The words without lines will not constitute crossing. Such instruments should not be paid as drawer s mandate is not clear. Crossing is applicable in case of cheques&demand draft only&does not cover bill of exchange or promissory note. TYPES OF CROSSING General crossing (sec 123) General crossing is where a cheque bears across its face two parallel transverse lines with or without words such as & co or any abbreviation. (Words not important, lines are). Special crossing (sec 124) Where a cheque bears across its face, name of bank, either with or without the words not-negotiable (lines are not important, the addition of name of the bank is important), that addition shall be deemed as special crossing&the cheque shall be considered to be crossed specially to that banker. Special Crossing in favour more than one bank: As per Section 127, if a cheque is crossed specially to more than one bank (unless one bank is acting as collecting agent to another), the payment shall be refused. A cheque crossed to two or more branches of the same bank is considered to be crossed to one bank only. Not negotiable crossing As per Section 130, a person taking a cheque crossed generally or specially bearing the words not negotiable shall not have not be capable of giving a better title to the cheque than that, which ther p erson from whom he took it, had. If Ramesh obtains a cheque without consideration, his title is defective. When he endorses this cheque, the endorsee shall not be able to get a better title, even if he paid the value. Demand Drafts Demand draft is defined as per Section 85 (a) of NI Act 1881 as an order to pay money drawn by one office of a bank upon another office of the same bank for a sum of money payable to order on demand. Important features of a demand draft are:  It is payable to order on demand (85-A NI Act).  It cannot be issued as payable to bearer (Sec. 31 RBI Act).  If a bank fails to honour a bank draft, it renders itself liable for damages. Similarly omission of signatures or wrong signatures can also make the bank liable.  By prior arrangement, the paying bank could be a different bank also. BANKING OMBUDSMAN SCHEME 2006 53 www.bankersadda.com | The Banking Ombudsman Scheme enables a bank customer for filing of complaints relating to certain services rendered by banks. 1) The Banking Ombudsman is a senior official appointed by the Reserve Bank of India to redress customer complaints against deficiency in certain banking services. 2) All Scheduled Commercial Banks, Regional Rural Banks&Scheduled Primary Co-operative Banks are covered under the Scheme. 3) The Banking Ombudsman does not charge any fee for filing&resolving customers complaints. 4) The maximum compensation which a BO can help a complainant to get is Rs. 10 lakhs. 5) If a complaint is not settled by an agreement within a period of one month, the Banking Ombudsman proceeds further to pass an award. Before passing an award, the Banking Ombudsman provides reasonable opportunity to the complainant&the bank, to present their case. 6) If one is not satisfied with the decision passed by the Banking Ombudsman, one can approach the appellate authority who is the Deputy Governor of the RBI. FINANCIAL INCLUSION Financial inclusion involves 1) Give formal banking services to poor people in urban & rural areas. 2) Promote habit of money-savings, insurance, pensioninvestment among poor-people. 3) Help them get loans at reasonable rates from normal banks. So they don t become victims in the hands of local moneylender. Some Important initiatives for Financial Inclusion  Lead banking scheme (LBS).  No frills account.  BSBDA  Business Correspondents (BC) system.  Swabhiman Campaign  PMJDY Lead Bank Scheme  The Lead Bank Scheme, introduced towards the end of 1969, envisages assignment of lead roles to individual banks (both in public sector&private sector) for the districts allotted to them.  A bank having a relatively large network of branches in the rural areas of a given district&endowed with adequate financial&manpower resources has generally been entrusted with the lead responsibility for that district. Accordingly, all the districts in the country have been allotted to various banks.  The lead bank acts as a leader for coordinating the efforts of all credit institutions in the allotted districts. No Frill Account  'No Frills 'account is a basic banking account. Such account requires either nil minimum balance or very low minimum balance. Charges applicable to such accounts are low.  The RBI in 2005- called upon )ndian banks to design a no frills account – a no precondition, low minimum balance www.sscadda.com|www.careerpower.in | ADDA247 THE APP GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 maintenance account with simplified KYC Know Your Customer) norms.  But all the existing No-frills accounts opened were converted into BSBDA in compliance with the guidelines issued by RBI in 2012. BSBDA In 2012, RBI introduced BSBDA. Some important points are:  This account shall not have the requirement of any minimum balance.  The services available in the account will include: deposit&withdrawal of cash at bank branch as well as ATMs; receipt/credit of money through electronic payment channels or by means of deposit/collection of cheques drawn by Central/State Government agencies&departments;  While there will be no limit on the number of deposits that can be made in a month, account holders will be allowed a maximum of four withdrawals in a month, including ATM withdrawals.  Facility of ATM card or ATM-cum-Debit Card. Business Correspondent  Business correspondents are bank representatives. They personally go to the area allotted to them&carry out banking. They help villagers to open bank accounts, in banking transactions etc.  Business Correspondents get commission from bank for every new account opened, every transaction made via them, every loan-application processed etc. Recently on Financial Inclusion The Reserve Bank of India (RBI) has constituted a committee with the objective of working out a medium-term (five-year) measurable action plan for financial inclusion. The terms of reference will include reviewing the existing policy of financial inclusion, including supportive payment system&customer protection framework, taking into account the recommendations made by various committees set up earlier. Lending Base Rate On recommendations Working Group (Chairman: Deepak Mohanty) RBI decided that banks should switch over to Base Rate system w.e.f. 1.7.2010. i. Base Rate includes all elements of the lending rates. Banks could use any methodology, to fix the base rate which is consistent&is made available for supervisory review/scrutiny. ii. Banks may determine their actual lending rates w.r.t. Base Rate. iii. No loan can be sanctioned below base rate. Exempted accounts: The following loans could be priced without reference to Base Rate: (a) DRI loans (b) loans to banks own employees c loans to banks depositors against their own deposits. iv. Changes in the Base Rate shall be applicable to all existing loans linked to the Base Rate. Marginal Cost Based Lending Rate RBI introduced MCLR w.e.f. 1.4.2016 to determine Base Rate by banks to improve the efficiency of monetary policy transmission. i. All rupee loans sanctioned&credit limits renewed w.e.f. 01.04.16 to be priced w.r.t. MCLR. It will be internal benchmark. ii. The MCLR comprises of (a) Marginal cost of funds; (b) Negative carry on account of CRR; (c) operating costs; (d) Tenor premium. iii. Marginal Cost of funds (MCF): It has 2 components (a) Marginal cost of borrowings (b) return on networth. By using MCF, it will be calculated as: Required CRR × (marginal cost) / (1-CRR) d) Exemptions from MCLR i. loans under schemes of Govt. of India wherein banks have to charge interest rate as per the scheme. ii. Working Capital Term Loan, Funded Interest Term Loan etc. as part of rectification/restructuring package. iii. Loans under various refinance schemes of Govt. of India or any Govt. Undertaking wherein banks charge interest at the rates prescribed under the schemes. iv. The following loans can be priced without being linked to MCLR : (a) Loan to depositors against their own deposits. b Loan to banks employees&Chief Executive Officer/Whole Time Directors. (c) Loans linked to a market determined external benchmark. (d) Fixed rate loans. In case of hybrid loans where the interest rates are partly fixed&partly floating, interest rate on the floating portion should adhere to the MCLR guidelines. HANDY NOTES BANKING: PRIORITY SECTOR LENDING Highlights of PSL It means provide credit to the needy sectors of the society. The sectors are: • Agriculture • Micro&Small Enterprises • Education • (ousing • Export • Weaker Sections • Social )nfrastructure • Renewable Energy Targets under PSL Agriculture: 18 percent of ANBC(Adjusted Net Bank Credit). Out of this 18 percent, a target of 8 percent of ANBC is for Small&Marginal Farmers, to be achieved in a phased manner i.e., 7 per cent by March 2016&8 per cent by March 2017. 54 www.bankersadda.com | Weaker Sections: 10 percent of ANBC. Micro Enterprises: 7.5 percent of ANBC has been prescribed for Micro Enterprises, to be achieved in a phased manner i.e. 7 percent by March 2016&7.5 percent by March 2017. Overall PSL Target for Domestic Bank/Foreign Bank with more than 20 Branches: 40 percent of Adjusted Net Bank Credit. Overall PSL Target for Foreign Bank with less than 20 Branches: 40 percent of Adjusted Net Bank Credit to be achieved in a phased manner 2015-16 32 2016-17 34 www.sscadda.com|www.careerpower.in | ADDA247 THE APP GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 2017-18 2018-19 2019-20 36 38 40 Categorization of MSME according to MSME ACT 2006 Manufacturing Sector (Goods) Enterprises Investment in plant&machinery Micro Does not exceed twenty five lakh rupees Enterprises Small More than twenty five lakh rupees but does Enterprises not exceed five crore rupees Medium More than five crore rupees but does not Enterprises exceed ten crore rupees Service Sector Investment in equipment Does not exceed ten lakh rupees More than ten lakh rupees but does not exceed two crore rupees Medium Enterprises More than two crore rupees but does not exceed five crore rupees Enterprises Micro Enterprises Small Enterprises Other Targets under PSL  Farmers with landholding of up to 1 hectare are considered as Marginal Farmers. Farmers with a landholding of more than 1 hectare&upto 2 hectares are considered as Small Farmers.  Scheduled Commercial Banks having any shortfall in lending to priority sector shall be allocated amounts for contribution to the Rural Infrastructure Development Fund (RIDF) established with NABARD.  For Renewable Energy, bank loans up to a limit of Rs.15 crore to borrowers for purposes like solar based power generators, etc. For individual households, the loan limit will be Rs.10 lakh per borrower.  For Housing, banks can provide loans to individuals up to Rs. 28 lakh in metropolitan centres (with population of ten lakh&above)&loans up to Rs. 20 lakh in other centres for purchase/construction of a dwelling unit per family.  Export credit will be allowed up to 32 percent of ANBC for Foreign banks with less than 20 branches in India.  For Education, banks can provide loans to individuals for educational purposes including vocational courses upto Rs. 10 lakh for studies in India&Rs. 20 lakh for studies abroad.  Limits under Social infrastructure Bank loans up to a limit of ₹5 crore per borrower for building social infrastructure for activities namely schools, health care facilities, drinking water facilities&sanitation facilities in Tier II to Tier VI centres. Monitoring of Priority Sector Lending targets To ensure continuous flow of credit to priority sector, there will be more frequent monitoring of priority sector lending compliance of banks on quarterly basis instead of annual basis as of now. Non-achievement of Priority Sector targets Scheduled Commercial Banks having any shortfall in lending to priority sector shall be allocated amounts for contribution to the Rural Infrastructure Development Fund (RIDF) established with 55 www.bankersadda.com | NABARD&other Funds with NABARD/NHB/SIDBI, as decided by the Reserve Bank from time to time. The interest rates on banks contribution to R)DF or any other Funds, tenure of deposits, etc. shall be fixed by Reserve Bank of India from time to time. RBI revises priority sector lending norms for RRBs Seeing the growing significance of RRBs in pursuit of financial inclusion agenda, it has been decided to revise the priority sector guidelines for RRBs. Some of the salient features of the guidelines are as following:i. Targets: 75 per cent of total outstanding to the sectors eligible for classification as priority sector lending. ii. Categories of the Priority Sector: Medium Enterprises, Social Infrastructure&Renewable Energy will form part of the Priority Sector, in addition to the existing categories, with a cap of 15 per cent of total outstanding. iii. Agriculture: 18% per cent of total outstanding should be advanced to activities mentioned under Agriculture. iv. Small&Marginal Farmers: A target of 8 percent of total outstanding has been prescribed for Small&Marginal Farmers within Agriculture. v. Micro Enterprises: A target of 7.5 per cent of total outstanding has been prescribed for Micro Enterprises. vi. Weaker Sectors: A target of 15 per cent of total outstanding has been prescribed for Weaker Sections. vii. Monitoring: Priority Sector Lending will be monitored on a quarterly as well as annual basis. The revised guidelines will be operational with effect from January 1, 2016. REVERSE MORTGAGE LOAN The scheme of reverse mortgage has been introduced for the benefit of senior citizens owning a house but having inadequate income to meet their needs.Some important features of reverse mortgage are: a) A homeowner who is above 60 years of age is eligible for reverse mortgage loan. It allows him to turn the equity in his home into one lump sum or periodic payments mutually agreed by the borrower&the banker. b) NO REPAYMENT is required as long as the borrower lives, Borrower should pay all taxes relating to the house&maintain the property as his primary residence. c) The amount of loan is based on several factors:  Borrower s age,  Value of the property  Current interest rates &  The specific plan chosen. As per the scheme formulated by National Housing Bank (NHB), the maximum period of the loan period is 15 years. The residual life of the property should be at least 20 years. Where the borrower lives longer than 15 years, periodic payments will not be made by lender. However, the borrower can continue to occupy. MONEY MARKET It is a market for short-term debt securities, such as commercial paper, repos, negotiable certificates of deposit,&Treasury Bills with a maturity of one year or less. www.sscadda.com|www.careerpower.in CAPITAL MARKETS IN INDIA | ADDA247 THE APP GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 It is the market for long term funds. It refers to all the facilities&institutional arrangements for borrowing&lending medium&long term funds. Money Market VS Capital Market Money Market Capital Market  Market for short term financial assets  Maturity period less than one year  Deals over the counter  No. of players limited  Regulated by RBI  Market for long term financial assets  Maturity period beyond one year  Deals at stock exchange  No. of players unlimited  Regulated by SEBI Major money market Instruments Certificate of Deposit (CD) Commercial Paper (CP) Inter Bank Participation Certificates Inter Bank term Money Treasury Bills Bill Rediscounting Call/Notice Money Terms relating to Money Market Call Money Money lent or borrowed for one day Notice Money Money lent or borrowed for a period of 2-14 days. Term Money Money lent or borrowed for 15 daysto 1 year. Yield to Expected rate of return on an existing maturity security purchased for the market. Coupon Rate Specified interest rate on a fixed maturity security fixed at the time of issue. CALL/NOTICE MONEY MARKET OPERATIONS Under call money market, funds are transacted on overnight basis&under notice money market, for 2 days to 14 days. Participants include banks (excluding RRBs)&Primary Dealers (PDs), both as borrowers&lenders. Non-bank institutions are not permitted in the call/notice money market with effect from August 6, 2005. Calculation of interest payable is based on F)MMDA s Fixed Income Money Market&Derivatives Association of India) Handbook of Market Practices. INSTRUMENT OF GOVT. BORROWING To meet the temporary receipt&expenditure mismatch, govt. obtains over draft from RBI under Ways & Means Advances. For short term liquidity, it issues cash management bills, treasury bills of 91 days, 182 days&364 days maturity. For long term funds, it uses dated securities in the form of bonds/long term loans. TREASURY BILLS These are the instruments (in the form of promissory notes) of short term borrowing by the Central govt., first issued in India in 1917. Investors : Treasury bills can be purchased by any one (including individuals) except State govt. Denomination: Minimum amount of face value Rs. 25000&in multiples thereof. There is no specific amount/limit on the extent to which these can be issue or purchased. Maturity: 91 days, 182 days&364 days. Rate of interest: Treasury bills are zero coupon securities. They are issued at a discount&redeemed at face value at maturity. The return to the investors is the difference between the maturity value or the face value (that is Rs. 100)&the issue price. Cash Management Bills (CMB) CMB introduced on 11.08.11, is a short term security to be sold by Govt. of India to raise temporary money for cash management needs. 1. The tenure is less than 91 days but the notified amount&date of issue depends upon the temporary cash requirement of the Govt. 2. It is issued at discount to the face value through auctions, as in the case of the Treasury Bills. DATED SECURITIES These are long term securities&carry a fixed or floating coupon (interest rate) paid on the face value, payable at fixed time periods (half-yearly). The tenor of dated securities can be up to 40 years. Public Debt Office of RBI acts as the registry/depository of Govt. securities&deals with the issue, interest payment&repayment of principal at maturity. WAYS & MEANS ADVANCES (WMAs) WMAs were introduced as per an agreement between RBI & Govt. WMAs are temporary overdrafts by RBI to govt. (Central & State) under Section 17(5) of RBI Act. WMSs replaced the earlier ad hoc T-Bills system. Objective – WMAs bridge the time interval of mismatch between govt. expenditure&receipts. These are not a source of finance. Duration : 10 consecutive working days for Central Govt.&14 days for State Govt. OTHER MONEY MARKET INSTRUMENTS CERTIFICATE OF DEPOSIT This scheme was introduced in July 1989, to enable the banking system to mobilize bulk deposits from the market, which they can attract at competitive rates of interest. Who can issue Scheduled commercial banks (except 56 www.bankersadda.com | RRBs) & All India Financial Institutions within their Umbrella limit . Applicable on the issue price in case of banks CRR/SLR www.sscadda.com|www.careerpower.in | ADDA247 THE APP GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 Investors Maturity Amount Int. Rate Loan Nature Individuals (other than minor), corporations, companies, trusts, funds, associations etc. Min: 7 daysMax : 12 Months (in case of FIs minimum 1 year&maximum 3 years). Min: Rs. 1 lac, beyond which in multiple of Rs. 1 lac Market related. Fixed or floating Against collateral of CD not permitted Usance Promissory note. Can be issued in Dematerialisation form only wef June 30, 2002 COMMERCIAL PAPER i. CP introduced during 1990, is a short term money market instrument issued as an unsecured usance promissory note&privately placed. ii. Who can issue Commercial paper (CP): Companies, primary dealers (PDs)&all-India financial institutions (FIs). iii. A company is eligible to issue CP if: (a) Its tangible net worth, as per latest audited balance sheet, is not less than Rs. 4 crore. (b) Sanctioned working capital limit by bank/s or all-India financial institution/s; (c) The borrower accounts are classified as a Standard Asset by financing bank/s/ institution/s& (d) Minimum credit rating from SEBI approved credit rating agency (CRA) is A3. Rating should not be due for review. iv. Maturity : Min 7 days & max upto one year v. Amount: Min Rs. 5 lakh or multiples thereof. MERCHANT BANKING Merchant banking stands for providing various services relation to capital market&financing the corporate sector. The Merchant Bankers provide consultancy to the corporate sector on the issues like finance, capital structure&investment, mergers, takeover&amalgamations, establishing coordination between the government&the corporate sector. CAPITAL MARKETS IN INDIA a) It refers to all the facilities&institutional arrangements for borrowing&lending medium&long term funds. b) It is segregated into (i) gilt edged market&(ii) the industrial securities market. c) The gilt edged marketrefers to the market for govt.&semigovt. securities which are traded in the market in stable value&are sought after by banks&other institutions. d) The industrial securities market refers to the market for shares&debentures of old as well as new companies. This market is further divided as primary market&secondary market.  The primary market refers to the setup which helps the industry to raise funds by issuing different types of securities, which are issued directly to the investors, both individual&institutions.  The secondary market refers to the network for subsequent sale&purchase of securities, after these are issued. Masala-bonds Masala Bonds are the bonds issued for rupee-denominated borrowings by Indian entities in overseas markets. INDIAN DEPOSITORY RECEIPTS (IDRs) 57 www.bankersadda.com | IDR is an instrument in the form of a Depository Receipt created by the Indian depository in India against the underlying equity shares of the issuing company. In an IDR, foreign companies would issue shares, to an Indian companies would issue shares, to an Indian Depository which would in turn issue depository receipts to investors in India. MUTUAL FUND TERMS Asset Management Company: A company formed&registered under the Companies Act 1956&approved as such by the SEBI to manage the funds of a mutual fund. Under an agreement (with the trustees of the Mutual Fund), an AMC undertakes to formulated mutual funds schemes, distribute income as per agreement. Balanced fund: This fund invests in bonds&blue chip stocks to conserve capital. It pays reasonable income capital appreciation. Close-ended scheme: A scheme where funds are raised for a fixed period. The scheme is wound up after that period&funds are returned with capital appreciation to unit holders. Normally, a close-ended scheme is listed on a stock exchange. Fixed income funds: A mutual fund which primarily invests in fixed income securities like bonds&debentures. The objective is to provide monthly or yearly income to investors. Net asset value: The price of value of one share of a fund. It is calculated by summing the quoted values of all the securities held by the fund, adding in cash&any accrued income&subtracting liabilities&dividing the result by the number of shares outstanding. Fund companies compute the NAV once a day based on closing market prices. Open ended scheme: A scheme is the one which continuously offers its units&buys them back from investors. DICGC (Deposit Insurance&Credit Guarantee Corporation of India) 1. Which banks are insured by the DICGC? Commercial Banks: All commercial banks including branches of foreign banks functioning in India, local area banks&regional rural banks are insured by the DICGC. 2. What does the DICGC insure? In the event of a bank failure, DICGC protects bank deposits that are payable in India. The DICGC insures all deposits such as savings, fixed, current, recurring, etc. except the following types of deposits. (i) Deposits of foreign Governments; (ii) Deposits of Central/State Governments; (iii) Inter-bank deposits; www.sscadda.com|www.careerpower.in | ADDA247 THE APP GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 (iv) Deposits of the State Land Development Banks with the State co-operative bank; (v) Any amount due on account of any deposit received outside India (vi) Any amount, which has been specifically exempted by the corporation with the previous approval of Reserve Bank of India. 3. What is the maximum deposit amount insured by the DICGC? Each depositor in a bank is insured upto a maximum of Rs.1,00,000 (Rupees One Lakh) for both principal&interest amount held by him in the same capacity. 4. Does the DICGC insure just the principal on an account or both principal&accrued interest? The DICGC insures principal&interest upto a maximum amount of Rs. One lakh. 5. HQ: Mumbai Chairman: R.Gandhi the borrower, to pay the secured creditor so much of the money as if sufficient to pay the secured debt. The assets portfolio of the banks is required to be classified as (1) standard assets(2) sub-standard assets(3) doubtful assets&(4) loss assets.  Standard asset is one that does not disclose any problems&which does not carry more than normal risk attached to the business .  An asset which has been classified as NPA for a period not exceeding 12 months is considered as sub-standard asset.  Doubtful asset is one which has remained NPA for a period exceeding 12 months. An asset which is considered uncollectible&loss has been identified by the bank or internal or external auditors or the RBI inspection&the loss has not been written off is regarded as loss asset. NPA-Non-Performing Asset & SARFAESI It means once the borrower has failed to make interest or principal payments for 90 days, the loan is considered to be a non-performing asset. What is pledge : U/s 172 of Indian Contracts Act, pledge is bailment (delivery) of goods as security for payment of a loan. Only goods (movable assets excluding actionable claims (Sec 2(7) of Sales of Goods Act) can be pledged. What is an NPA? Loan accounts are classified as non-performing asset on the basis of following criteria: HYPOTHECATION/PLEDGE-DISTINCTION Hypothecation Pledge Defined in SARFAESI Act 2002 Indian Contract Act (Sec 2 n) 1872 (section 172) Definition Charge on movable Bailment of goods as property in favour of security for payment secured creditor of a debt or without delivery of performance of possession promise Parties: Hypothecator Pledger / pawner -Borrower Hypothecate Pledger / pawnee -Bank Nature of Movable assets such Goods securities as stocks, machinery, vehicles Possession Borrower (in trust Possession with bank for bank). Bank till repayment of the cannot take loan. Bank has to possession without preserve the goods consent of the carefully&return the borrower. On taking same, if loan is possession bank gets repaid. rights of pledge&can sell the assets without intervention. Criteria for classification of loan as NPA Farm Credit within Agriculture loans : A loan will be treated as an NPA if installment of the principal or interest remains unpaid beyond the due date for (a) two crop seasons in case of short duration crops (maturing within one year)&(b) one crop season for long duration crops (maturing after one year). This would also be applicable, mutatis mutandis, to agricultural term loans. In other agriculture loans, the 90 days norm would be applicable. SARFAESI Act&Rules SARFAESI Act (The Securitization&Reconstruction of Financial Assets&Enforcement of Security Interest Act, 2002) was enacted to regulate securitization&reconstruction of financial assets&enforcement of security interest created in respect of Financial Assets to enable realization of such assets. The SARFAESI Act provides for the manner for enforcement of security interests by a secured creditor without the intervention of a court or tribunal. If any borrower fails to discharge his liability in repayment of any secured debt within 60 days of notice from the date of notice by the secured creditor, the secured creditor is conferred with powers under the SARFAESI Act to a) Takes possession of the secured assets of the borrower, including transfer by way of lease,assignment or sale, for realizing the secured assets b) Takeover of the management of the business of the borrower including the right to transferby way of lease, assignment or sale for realizing the secured assets, c) Appoint any person to manage the secured assets possession of which is taken by thesecured creditor, and d) Require any person, who has acquired any of the secured assets from the borrower andfrom whom money is due to 58 www.bankersadda.com | MORTGAGE As per section 58 of Transfer of Property Act 1882, mortgage is transfer of interest in specific immovable property for the purpose of securing the payment of money advanced or to be advanced by way of loan, an existing or future debt or the performance of an engagement which may give rise to pecuniary liability. ATM Q.1 What is an Automated Teller Machine (ATM)? Ans. Automated Teller Machine is a computerized machine that provides the customers of banks the facility of accessing their www.sscadda.com|www.careerpower.in | ADDA247 THE APP GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 account for dispensing cash&to carry out other financial & nonfinancial transactions without the need to actually visit their bank branch. Q.2 What is White Label ATMs (WLAs)? Ans. ATMs set up, owned&operated by non-banks are called White Label ATMs. Non-bank ATM operators are authorized under Payment & Settlement Systems Act, 2007 by the Reserve Bank of India. Q.3. Is there any time limit for the card issuing banks for recrediting the customers account for a failed ATM/WLA transaction? Ans. As per the RBI instructions, banks have been mandated to resolve customer complaints by re-crediting the customer s account within 7 working days from the date of complaint. Q.4. Are the customers eligible for compensation for delays beyond 7 working days? Ans. Yes. Effective from July 1, 2011, banks have to pay compensation of Rs. 100/- per day for delays in re-crediting the amount beyond 7 working days from the date of receipt of complaint for failed ATM transactions. The compensation has to be credited to the account of the customer without any claim being made by the customer. If the complaint is not lodged within 30 days of transaction, the customer is not entitled for any compensation for delay in resolving his / her complaint. CURRENCY IN INDIA Money as a means of payment consists of coins, paper money&withdrawable bank deposits. Legal tender: As per provisions of coinage Act 1996, bank notes, currency notes&coins (Rs. 1&above) are legal tender for unlimited amount. The subsidiary coins (below Re 1) are legal tenders for sum not exceeding Re 1. Issue of 1, 2&3 paise coins discontinued wef Sep 16, 1981. What do you know by currency chest? Currency chests are operated by RBI so that they can provide good quality currency notes to the public. However, RBI has appointed commercial banks to open&monitor currency chests on behalf of RBI. The cash kept in currency chests is considered to be kept in RBI. What is a small coin depot? The bank branches are also authorised to establish Small Coin Depots to stock small coins. The Small Coin Depots also distribute small coins to other bank branches in their area of operation. What are soiled, mutilated&imperfect banknotes? "Soiled note" means a note which, has become dirty due to usage&also includes a two piece note pasted together wherein both the pieces presented belong to the same note,&form the entire note. Mutilated banknote is a banknote, of which a portion is missing or which is composed of more than two pieces. Imperfect banknote means any banknote, which is wholly or partially, obliterated, shrunk, washed, altered or indecipherable but does not include a mutilated banknote. 59 www.bankersadda.com | Pre-2005 series Banknotes The banknotes issued before 2005 MG series are called pre-2005 series banknotes, which do not have the year of printing on the reverse side. On Jan 23, 2014, RBI decided to withdraw, from circulation, these notes as they have fewer security features. 1. These notes shall continue to be legal tender. The notes are only being withdrawn from circulation. 2. These notes can be exchanged at select bank branch till 30.06.16. NATIONALISATION OF BANKS  Nationalisation of Imperial Bank of India&its conversion into State Bank of India in July 1955.  Conversion of 8 major State-associated banks into subsidiary banks of SBI in 1959.  Nationalisation of 14 Indian scheduled banks in July 1969.  Nationalisation of 6 more banks in April 1980 & Indian bank merged into Punjab National Bank. FOREIGN EXCHANGE RESERVES What actually is FOREX? India's foreign exchange reserves comprise foreign currency assets, gold&special drawing rights allocated to it by the International Monetary Fund (IMF) in addition to the reserves it has parked with the fund. Foreign exchange reserves are held&managed by the RBI. The Foreign currency assets are investment mainly in instruments abroad which have the highest credit rating&which do not pose any credit risk. These include sovereign bonds, treasury bills&short-term deposits in top-rated global banks besides cash accounts. TRANSFER SYSTEM IN BANKING SECTOR REAL TIME GROSS SETTLEMENT (RTGS) RTGS implemented w.e.f. 26.03.2004 (revised on 19.10.13), is a centralized payment system operated by RBI. In RTGS interbank payment instructions are processed&settled, on gross basis in a real time environment. It uses Indian Financial Network (INFINET)&SFMS platforms. RTGS is regulated by RTGS System Regulations, 2013. National Electronic Funds Transfer (NEFT) RBI operationalised NEFTSystem in Nov 2005. It facilitates transfer of funds from any bank branch to any other bank branch. Amount: There is no lower/upper value limit. Bank account: NEFT is an account to account transfer system. The remitter&beneficiary should have a bank account. Processing Charges/Service Charges 1. Banks cannot levy any charges for inward NEFT, 2. For outward NEFT: Up to Rs. 10000 = Rs. 2.50, above Rs. 10000 to Rs. 1 lac = Rs. 5. Above Rs. 1 lac to Rs. 2 lac = Max Rs. 15&above Rs. 2 lac = Max Rs. 25 (w.e.f. 13.07.2012). AADHAAR ENABLED PAYMENT SYSTEM AEPS is a payment service offered by the National Payments Corporation of India (NPCI) to banks using Aadhaar www.sscadda.com|www.careerpower.in | ADDA247 THE APP GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 number&online UIDAI authentication through their respective Business correspondent service centre. CENTRALIZED FUNDS MANAGEMENT SYSTEMS (CFMS) CFMS was operated&maintained by RBI to enable operations on current accounts maintained at various offices of the RBI, through standard message formats in a secure manner. NEPAL REMITTANCE SCHEME It is a cross-border one-way remittance facility scheme, for remittance from India to Nepal. Amount : Up to Indian Rs. 50,000 from NEFT branches. Beneficiary will receive funds in Nepalese rupees. National Payments Corporation of India (NPCI) It was incorporated in Dec 2008 as a Sec 25 company under Companies Act. Authorized capital is Rs. 300 cr & paid up capital Rs. 100 cr. It functions as a hub in all electronic retail payment systems. Rupay is a domestic card scheme of NPCI. Rupay is the coinage of two terms rupee&payment. Rupay debit card was launched in March 2012. CORE BANKING SOLUTIONS Core Banking Solutions (CBS) or Centralised Banking Solutions is the process which is completed in a centralized environment i.e. under which the information related to the customer s account (i.e. financial dealings, profession, income, etc.) is stored in the Central Server of the bank (that is available to all networked branches) instead of the branch server. Accounts for Foreign (Currency/Person) in India a) NRO A/c (Foreign Tourist) 1) Foreign tourists during their short visit to India can open a Non-Resident (Ordinary) Rupee (NRO) account (Current / Savings) with any Authorised Dealer bank dealing in foreign exchange. Such account can be opened up to a maximum period of 6 months. 2) Tourists can freely make local payments through the NRO account. All payments to residents exceeding INR 50,000 can be made only by means of cheques / pay orders / demand drafts. b) EEFC A/c 1) Exchange Earners' Foreign Currency Account (EEFC) is an account maintained in foreign currency with an Authorised Dealer i.e. a bank dealing in foreign exchange. 2) It is a facility provided to the foreign exchange earners, including exporters, to credit 100 per cent of their foreign exchange earnings to the account, so that the account holders do not have to convert foreign exchange into Rupees&vice versa, thereby minimizing the transaction costs. 3) All categories of foreign exchange earners, such as individuals, companies, etc. who are resident in India, may open EEFC accounts. 4) An EEFC account can be held only in the form of a current account. No interest is payable on EEFC accounts. ACCOUNTS FOR NRI/PIO 1. Non-Resident Ordinary Rupee Account (NRO Account)  NRO accounts may be opened / maintained in the form of current, savings, recurring or fixed deposit accounts. Interest rates offered by banks on NRO deposits cannot be higher than those offered by them on comparable domestic rupee deposits.  Account should be denominated in Indian Rupees.  NRI/PIO may remit from the balances held in NRO account an amount not exceeding USD one million per financial year, subject to payment of applicable taxes.  The limit of USD 1 million per financial year includes sale proceeds of immovable properties held by NRIs/PIOs. 2. Non-Resident (External) Rupee Account (NRE Account)  NRE account may be in the form of savings, current, recurring or fixed deposit accounts.  Account will be maintained in Indian Rupees.  Accrued interest income&balances held in NRE accounts are exempt from Income tax.  Authorised dealers/authorised banks may at their discretion allow for a period of not more than two weeks, overdrawings in NRE savings bank accounts, up to a limit of Rs.50,000.  Loans up to Rs.100 lakh can be extended against security of funds held in NRE Account either to the depositors or third parties. 3. Foreign Currency Non Resident (Bank) Account – FCNR (B) Account  FCNR (B) accounts are only in the form of term deposits of 1 to 5 years  Account can be in any freely convertible currency.  Loans up to Rs.100 lakh can be extended against security of funds held in FCNR (B) deposit either to the depositors or third parties.  The interest rates are stipulated by the Department of Banking Operations&Development, Reserve Bank of India. How Ranting done to Banks in India RATING OF BANKS RB) s working group headed by Sh. S. Padmanabhan suggested method for rating. Rating criteria: RBI rates the banks on a 5 point scale of A to E, widely on the lines of international CAMELS rating model for domestic banks&CALCS model for foreign banks. 60 www.bankersadda.com | www.sscadda.com|www.careerpower.in | ADDA247 THE APP GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 CAMELS Rating for Domestic Banks C Capital adequacy ratio A Asset quality M Management Effectiveness E Earning (i.e. profitability) L Liquidity (asset-liability management) S System&controls Rating parameters for foreign banks C Capital adequacy ratio A Asset quality L Liquidity C Compliance S System&controls BASEL-3 NORMS a) The Basel Committee is the primary global standard-setter for the prudential regulation of banks&provides a forum for cooperation on banking supervisory matters. Its mandate is to strengthen the regulation, supervision&practices of banks worldwide with the purpose of enhancing financial stability. Stefan Ingves, Governor of Sveriges Riksbank (SWEDEN), is the Chairman of the Basel Committee. b) Basel III or Basel 3 released in December, 2010 is the third in the series of Basel Accords. These accords deal with risk management aspects for the banking sector. c) According to Basel Committee on Banking Supervision "Basel III is a comprehensive set of reform measures, developed by the Basel Committee on Banking Supervision, to strengthen the regulation, supervision&risk management of the banking sector". (d)Basel 3 measures aim to:  Improve the banking sector's ability to absorb shocks arising from financial&economic stress, whatever the source  Improve risk management&governance  Strengthen banks' transparency&disclosures. Three Pillars of Basel 3  Pillar 1: Minimum Regulatory Capital Requirements based on Risk Weighted Assets (RWAs): Maintaining capital calculated through credit, market&operational risk areas (mainly that capital which can absorb risk.)  Pillar 2: Supervisory Review Process: Regulating tools&frameworks for dealing with peripheral risks that bank face.  Pillar 3: Market Discipline: Increasing the disclosures that banks must provide to increase the transparency of banks        61 Important Facts related to BASEL 3 Minimum Ratio of Total Capital To RWAs--10.50% Minimum Ratio of Common Equity to RWAs--4.50% to 7.00% Tier I capital to RWAs--6.00% Core Tier I capital to RWAs--5.00% Capital Conservation Buffers to RWAs--2.50% Leverage Ratio--3.00% Countercyclical Buffer--0% to 2.50% www.bankersadda.com | NBFC A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 engaged in the business of loans&advances, acquisition of shares/stocks/ bonds/debentures/ securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit fund business. Difference between BANK & NBFC: NBFCs lend&make investments&hence their activities are akin to that of banks; however there are a few differences as given below: i. NBFC cannot accept demand deposits; ii. NBFCs do not form part of the payment&settlement system&cannot issue cheques drawn on itself; iii. Deposit insurance facility of Deposit Insurance&Credit Guarantee Corporation is not available to depositors of NBFCs, unlike in case of banks. Register with RBI: A company incorporated under the Companies Act, 1956&desirous of commencing business of non-banking financial institution as defined under Section 45 I(a) of the RBI Act, 1934 should comply with the following: a) It should be a company registered under Section 3 of the companies Act, 1954 b) It should have a minimum net owned fund of Rs 200 lakh. Deposits in NBFC: a) Presently, the maximum rate of interest an NBFC can offer is 12.5%. The interest may be paid or compounded at rests not shorter than monthly rests. b) The NBFCs are allowed to accept/renew public deposits for a minimum period of 12 months&maximum period of 60 months. They cannot accept deposits repayable on demand. c) The deposits with NBFCs are not insured. d) The repayment of deposits by NBFCs is not guaranteed by RBI. TYPES OF MONEY  Commodity Money - Commodity money value is derived from the commodity out of which it is made. The commodity itself represents money,&the money is the commodity.  Representative Money - is money that includes token coins, or any other physical tokens like certificates, that can be reliably exchanged for a fixed amount/quantity of a commodity like gold or silver.  Fiat Money - Fiat money, also known as fiat currency is the money whose value is not derived from any intrinsic value or any guarantee that it can be converted into valuable commodity (like gold). Instead, it derives value only based On government order (fiat)  Commercial Bank Money - Commercial bank money or the demand deposits are claims against financial institutions which can be used for purchasing goods&services. Reserve Money (M 0) Currency in circulation + Bankers deposits with the RB) + Other deposits with the RB) = Net RB) credit to the Government + RBI credit to the commercial sector + RBI's claims www.sscadda.com|www.careerpower.in | ADDA247 THE APP GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 on banks + RB)'s net is foreign assets + Govemment s currency liabilities to the public - RBI's net non-monetary liabilities. M1=Currency with the public + Demand deposits with the banking system + 'Other' deposits with the RBI M2=M + Savings deposits of ofﬁce savings banks. M3=M1+ Time deposits with the banking system = Net bank credit to the Government + Bank credit to the Commercial sector + Net foreign assets of the banking sector + Goveinment s currency liabilities to the public - Net nonmonetary liabilities of the banking sector. M4=M3 +All deposits with post office savings banks (excluding National Savings Certificates) Note: Bhartiya Reserve Bank Note Mudran Private Limited (BRBNMPL) The Reserve Bank established BRBNMPL in February 1995 as a wholly-owned subsidiary to augment the production of bank notes in India&to enable bridging of the gap between supply&demand for bank notes in the country. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. 62 BANKING ABBREVIATIONS PSBs: Public Sector Banks SNBCs: Schedule Non Commercial Banks SENSEX: Sensitive Index Of Stock Exchange GNP: Gross National Product KYC: Know Your Customer RTGS: Real Time Gross Settlement NEFT: National Electronic Money Transfer EFT: Electronic Fund Transfer CBS: Core Banking Solutions LIBOR: London Interbank Offered Rate MIBOR: Mumbai Interbank Offered Rate MIBID: Mumbai Interbank Bid Rate SARFAESI: Securitisation&Reconstruction Of Financial Assets&Enforcement Of Security Interest CAR: Capital Adequecy Ratio FIIs: Foreign Institutional Investments FDI: Foreign Direct Investment IPO: Initial Public Offering MICR: Magnetic Ink Character Recognition BIRD: Bankers Institute Of Rural Development IBA: Indian Bank Association BPLR: Benchmark Prime Lending Rate ICICI: Industrial Credit&Investment Corporation Of India HDFC: Housing Development Finance Corporation SWOT: Strength, Weaknesses, Opportunities&Threats SWIFT: Society For Worldwide Interbank Financial Telecommunication FERA: Foreign Exchange Regulatory Act FEMA: Foreign Exchange Management Act CASA: Current&Saving Account NDTL: Net Demand&Time Liabilities NASDAQ: National Association For Securities Dealers Automated Quotations CRISIL: Credit Rating&Investment Services India Limited CIBIL: Credit Information Bureau Of India Limited NAV: Net Asset Value ICRA: Indian Credit Rating Agency CARE: Credit Analysis&Research Limited www.bankersadda.com | 36. 37. 38. 39. 40. 41. 42. 43. 44. 45. 46. 47. 48. 49. 50. 51. 52. 53. 54. 55. 56. 57. 58. 59. 60. 61. 62. 63. 64. 65. 66. 67. 68. 69. 70. 71. 72. 73. 74. 75. 76. 77. 78. 79. 80.    WMAs: Ways&Means Advances ALM: Asset Liability Management INFINET Indian Financial Network OLTAS - On-line Tax Accounting System (OLTAS) for Direct Taxes TIN - Tax Information Network (TIN) IMPS - Interbank Mobile Payment Service (IMPS) or Immediate Payment Service CDR- Corporate Debt Restructuring CAD- Capital Account Deficit REITs: Real Estate Investment Trusts InvITs: Infrastructure Investment Trusts ALM- Asset Liability Management ASBA: Application Supported by Blocked Amount PIN: Personal Identification Number CCEA – Cabinet Committee on Economic Affairs CECA - Comprehensive Economic Cooperation Agreement CEPA – Comprehensive Economic Partnership Agreemeny DTAA – Double Taxation Avoidance Agreement ECBs - External Commercial Borrowings EFSF – European Financial Stability Facility FINO- Financial Inclusion Network Operation FIPB – Foreign Investment Promotion board FSLRC – Financial Sector Legislative Reforms Commission CRAR: Capital to Risk-weighted Assets Ratio LCR: Liquidity Coverage Ratio TARC - Tax Administration Reform Commission GIRO - Government Internal Revenue Order FRBMA: Fiscal Responsibility&Budget Management Act AMFI- Association of Mutual Fund in India. TIEA – Tax Information exchange Agreement GAAR - General anti avoidance rule GSLV - Geo-Synchronous Launch Vehicle PPP – Public Private Partnership & Purchasing Power parity PSLV – Polar Satellite Launch vehicle TAPI - Turkmenistan-Afghanistan-Pakistan-India. QFI -Qualified Foreign Investors AD-Authorized Dealer. ASSOCHAM-Associated Chambers of Commerce&Industry of India. BCSBI-Banking Codes&Standards Board of India. BIS-Bank for International Settlements. CDS-Credit Default Swap. CEPA-Comprehensive Economic Partnership Management. FIMMDA-Fixed Income Money MARKETS&Derivatives Association. FPI-Foreign Portfolio Investment. IBRD-International Bank For Reconstruction&Development. UIDAI-Unique Identification Development Authority of India. MUTUAL FUNDS: Mutual funds are investment avenues that pool the money of several investors to invest in financial instruments such as stocks, debentures etc. The profit earned on the investments is distributed among the investors on the basis of the units held by each of them. Due to a large pool of investors, the individual risk is spread. So individually you take on low risk. The mutual funds in India are governed by Association of Mutual Funds in India, the umbrella body for mutual funds, www.sscadda.com|www.careerpower.in | ADDA247 THE APP GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017  which is in turn governed by the Securities&Exchange Board of India. A diagrammatic representation to understand the Cycle : IMPORTANT BANKING TERMS  Moral Suasion:-Moral Suasion is just as a request by the RBI to the commercial banks to take so&so action&measures in so&so trend of the economy. RBI may request commercial banks not to give loans for unproductive purpose which does not add to economic growth but increases inflation.  Bouncing of a cheque: Where an account does not have sufficient balance to honour the cheque issued by the customer, the cheque is returned by the bank with the reason "funds insufficient" or "Exceeds arrangement". This is known as 'Bouncing of a cheque'.  Demat Account: The term "demat", in India, refers to a dematerialised account for individual Indian citizens to trade in listed stocks or debentures.  Capital Adequacy Ratio (CAR):- Capital adequacy ratio measures the amount of a bank s capital expressed as a percentage of its credit exposure. Globally, the capital adequacy ratio has been developed to ensure banks can absorb a reasonable level of losses before becoming insolvent. Indian banks are expected to maintain a minimum capital adequacy ratio of 9 per cent (Rs 9 as capital for every Rs 100 in loan or asset) IMPORTANT BANKING CONCEPTS 1) What is Balance of Trade? The value of a country s exports minus the value of its imports. Unless specified as the balance of merchandise trade, it normally incorporates trade in services, including earnings (interest, dividends, etc.) on financial assets. 2) What is Balance of Payments? A list of all of a country s international transactions for a given time period, usually one year. Payments into the country (receipts) are entered as positive numbers, called credits; Payments out of the country (payments) are entered as negative numbers called debits. A single numbers summarize all of a country s international transactions: the balance of payments surplus. 3) What is NOSTRO Account? A Nostro account is maintained by an Indian Bank in the foreign countries. 4) What is VOSTRO Account? A Vostro account is maintained by a foreign bank in India with their corresponding bank. 5) What is BCBS? Basel Committee on Banking Supervision is an institution created by the Central Bank governors of the Group of Ten nations. 63 www.bankersadda.com | 6) What is LIBOR? London InterBank Offered Rate. An interest rate at which banks can borrow funds, in marketable size, from other banks in the London interbank market. 7) What is STRIPS? Separate Trading for Registered Interest & Principal Securities. What do you mean by term CASA related to bank? CASA stands for Current Account Savings Account. The CASA ratio shows how much deposit a bank has in the form of current&saving account deposits in the total deposit. A higher CASA ratio means better operating efficiency of the bank because on current account there is no interest payable whereas on savings account a tiny 3.5% interest is payable by the bank. CASA ratio shows how much of the deposit of the bank comes from the current&savings deposit. Note: The CORE word in CBS stands for Centralized Online Realtime Exchange. IMPORTANT CODES USED IN BANKING [1] IFSC (Indian Financial System Code): Indian Financial System Code is an alpha-numeric code that uniquely identifies a bank-branch participating in the NEFT system. This is an 11 digit code with the first 4 alpha characters representing the bank, The 5th character is 0 (zero).and the last 6 characters representing the bank branch. For ex: PNBN0014976 : i. First 4 character PNBN – refers to Punjab National Bank. ii. 0 is a control number. iii. last six characters (014976) represents the PNB branch kurshi Road, Lucknow. [2] MICR – Magnetic ink character Recognition :MICR is 9 digit numeric code that uniquely identifies a bank branch participating in electronic clearing scheme. Used to identify the location of a bank branch. City (3) Bank (3) Branch (3) The MICR code is allotted to a bank branch is printed on the MICR band of cheques. MICR used for electronic credit system. [3] SWIFT Code : Society for Worldwide Interbank financial tele-communication India was 74th Nation to join SWIFT Network. SWIFT Code is a standard format of bank Identifier code. This code is used particularly in International transfer of money between banks. A majority of FOREX related message are sent to correspondent banks abroad through SWIFT. SWIFT Code consist 8 or 11 character when code is 8 digit, It is referred to primary office 4 – bank code 2 – country code 2 – location code 3 – branch code (optional) www.sscadda.com|www.careerpower.in | ADDA247 THE APP GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017                      Headquarters of NATIONALIZED/PSBs BANKS Allahabad Bank-Kolkata Bank of India -Mumbai Bank of Maharashtra -Pune Canara Bank -Bangalore Central Bank of India -Mumbai Corporation Bank -Mangalore Dena Bank -Mumbai Indian Bank- Chennai Indian Overseas Bank- Chennai Oriental Bank of Commerce- Gurgaon Punjab National Bank- New Delhi Punjab & Sind Bank- New Delhi State Bank of India- Mumbai Syndicate Bank- Manipal UCO -Bank Kolkata Union Bank of India- Mumbai United Bank of India- Kolkata Vijaya Bank- Bangalore Andhra Bank- Hyderabad Bank of Baroda- Vadodra BMB: New Delhi FINANCIAL REGULATORS Chit Funds Respective State Governments Insurance companies IRDA Housing Finance Companies NHB Venture Capital Fund / SEBI Merchant Banking companies SEBI Stock broking companies SEBI Nidhi Companies Ministry of corporate affairs, Government of India TYPES OF BANKING  Para banking- When Bank provides banking services except the general banking facility.  Narrow Banking- When banks invest its money in government securities instead investing in market to avoid risk.  Offshore Banking- Bank which accept currency of all countries. 64 www.bankersadda.com |  Green bankingPromoting environmental-friendly practices&reducing your carbon footprint from your banking activities.  Retail Banking- Retail banking refers to the division of a bank that deals directly with retail customers. Also known as consumer banking or personal banking, retail banking is the visible face of banking to the general public.  Wholesale banking-Wholesale banking is the provision of services by banks to organisations such as Mortgage Brokers, large corporate clients, mid-sized companies, real estate developers&investors, international trade finance businesses, institutional customers (such as pension funds&government entities/agencies),&services offered to other banks or other financial institutions.  Universal Banking R H Khan committee&recommended the concept of Universal Banking. Universal banking means allowing Fls & banks to undertake all types of banking or development financing activity, subject to compliance of statutory&other requirements of RBI, Govt.&related legal Acts. Activities in Universal Banking: These activities include accepting deposits, granting loans, investing in securities, credit cards, project finance, remittances, payment systems, project counseling, merchant banking, foreign exchange operations, insurance etc.  Islamic Banking: An Islamic bank is a deposit-taking banking institution whose scope of activities excluding borrowing&lending on the basis of interest. FINANCIAL INSTITUTIONS National Bank for Agriculture&Rural Development (NABARD) :  Established on 12th July 1982 on the recommendation of CRAFICARD committee (also called as Sivaraman Comittee)  For Agricultural finance, NABARD is the apex organization.  Chairman : Dr. Harsha Kumar Bhanwala  Head Quarters : Mumbai  Rural Infrastructure Development Fund (RIDF) is operated by NABARD, instead in April 1995.  NABARD is the "Micro-Finance Regulatory Authority" Small Industries Development Bank of India (SIDBI)  Small Industries Development Bank of India (SIDBI in short) was established in the year 1990 (Date : 2nd April 1990) under the Small Industries Development Bank of India Act 1989 as a subsidiary of Industrial Development Bank of India.  Chairman- Dr. Kshatrapati Shivaji  Head Quarters : Lucknow Securities&Exchange Board of India (SEBI)  It is theregulator for the securitiesmarket in India. SEBI was initiallyestablished as a non statutory body in April 1988, to regulate theworking of stock exchange. Later itwas given a statutory status onApril 1992 via SEBI Act, 1992with the following objectives.  Chairman- UK Sinha  Head Quarters : Mumbai REGIONAL RURAL BANK (RRB): www.sscadda.com|www.careerpower.in | ADDA247 THE APP GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017     Regional Rural Bank Were Set Up By An Ordinance In 1975, Later Replaced By Rrbs Act, 1976 As Pre Banking Commission Recommendation In 1975. Father Of Rrb Is M.Swaminathan. The Govt. Of India Had Appointed A Working Group On Rural Banks Under The Chairmanship Of Mr. M. Narasimham In 1975. First Rrbs Were Set Up On 2nd Oct. Share Holder Contribution In %: Government Of India 50% Sponsor Bank 35% State Government 15% Total 100%. EXIM BANK:  The Export-Import (EXIM) Bank of India is the principal financial institution in India for coordinating the working of institutions engaged in financing export&import trade.  It is a statutory corporation wholly owned by the Government of India.  It was established on January 1, 1982 for the purpose of financing, facilitating&promoting foreign trade of India.  Chairman- Yaduvendra Mathur  Head Quarters : Mumbai NATIONAL HOUSING BANK(NHB):  The National Housing Bank (NHB), the apex institution of housing finance in India, was set up as wholly owned subsidiary of the Reserve Bank of India.  The bank started its operations from July 1988.  NHB is a subsidiary bank of Reserve Bank of India.  National Housing Bank was established under section 6 of National Housing Bank Act(1987).  The headquarters of NHB is in New Delhi.  Chairman: Shri Sriram Kalyanaraman ECGC  Export Credit Guarantee Corporation of India. This organisation provides risk as well as insurance cover to the Indian exporters.  Chairman- Geetha Muralidhar  Head Quarters : Mumbai A brief on Financial Terms 1. Asset-Liability Management ALM implemented in India wef 1.4.1999 is a comprehensive&dynamic framework for measuring, monitoring&managing the market risk of a bank. It is the management of structure of balance sheet (liabilities&assets) to maximize net earning from interest within overall riskpreference (present&future) of the bank. 2. Cross Selling Cross-selling stands for offering to the existing&new customers, some additional banking products, with a view to expand banking business, reduce the per customer cost of operations&provide more satisfaction&value to the customer. 3. Credit Card Business Issue of cards (a) Banks having net worth of Rs. 100 cr or above only can undertake the credit card business. (b) RBI permission is not required to undertake credit card issue business. LIQUIDITY ADJUSTMENT FACILITY 65 www.bankersadda.com | Liquidity Adjustment Facility (LAF) was introduced by RBI during June, 2000 in phases, to ensure smooth transition&keeping pace with technological upgradation. Tenor: Reverse Repo auctions (for absorption of liquidity)&Repo auctions (for injection of liquidity) are conducted on a daily basis (except Saturdays). Cap: 0.25% of NDTL w.e.f. 01.04.14. Marginal Standing Facility (MSF) MSF was introduced w.e.f. May 09, 2011, by RBI. Eligibility: Scheduled Commercial Banks having Current Account&SGL Account with RBI. Tenor & Amount: It can be availed up to 2% of NDTL at the end of 2nd preceding fortnight. It is for one day. CLEARING CORPORATION OF INDIA Clearing Corporation of India Limited (CCIL) was incorporated on 30th of April, , as the country s first clearing house for the Govt. securities, forex&other related market segments. It commenced operations from Feb 15, 2002. It provides a system for efficient clearing of money, government securities&foreign exchange market transactions. Collateralised Borrowing&Lending Obligation (CBLO) CBLO, an RBI approved money market instrument, is developed by CCIL for the benefit of the entities phased out from interbank call money market or given restricted participation in terms of ceiling on call borrowing&lending transactions&who do not have access to the call money market. It is a discounted instrument available in electronic book entry form for the maturity period ranging from 7 days to 90 Days (can be up to one year as per RBI guidelines). ASSET SECURITISATION Securitisation of assets is an additional channel for recycling of funds by business entities including banks. Securitisation is process through which the future receivables (say rent, installment of a term loan due in future) of an organization (say bank), are converted into debt instruments (such as bonds with a fixed rate of return)&then sold. BANKING CODES & STANDARDS BOARD OF INDIA Based on the recommendations of Committee on Procedures&Performance Audit on Public Services (Tarapore Committee), Banking Codes&Standards Board of India (BCSBI) was set up on the lines of a similar set up in UK to oversee the Fair Practice Code evolved by the Bankers. Members: The Board was set up as a Society, under the Societies Registration Act, 1860. Commercial banks, RRBs&Urban Coop Banks are its members. RBI was funding the entire cost of operations of the Board for the initial 5 years. A Governing council of the BCSBI looks after its financial affairs&managerial policies. The tenure of the Council is 5 www.sscadda.com|www.careerpower.in | ADDA247 THE APP GK POWER CAPSULE FOR RBI ASSISTANT | IPPB & IDBI PO(MAINS) 2017 years&the appointment of the Council after 5 years would be with the concurrence of the RBI. FINANCIAL SECTOR SCHEMES KISAN VIKAS PATRA KPV are regulated by KVP Rules 2014, Scheme is available through Post Offices&those banks that are authorized to operate PPF scheme. Denomination: Rs.1000, Rs.5000, Rs.10000&Rs.50000 Types of certificates: Category Single, Joint A-Type&Joint BType (E/S). Maturity period: 112 Month Rate of Interest: 7.7%. Rate of interest: Rs.1000 becomes double during the maturity period. 1. Nomination facility, 2. pledge for loan facility&3. pre-mature payment after 2 years&6 months subject to certain conditions, is eligible. 66 www.bankersadda.com | www.sscadda.com|www.careerpower.in | ADDA247 THE APP

Log In

ljdkjh ukS djh ikuk gS ] dq N dj ds fn[kkuk gS ! GK POWER CAPSULE FOR RBI ASSISTANT/ IPPB MAINS & IDBI PO

ljdkjh ukS djh ikuk gS ] dq N dj ds fn[kkuk gS ! GK POWER CAPSULE FOR RBI ASSISTANT/ IPPB MAINS & IDBI PO

Related Papers

RELATED PAPERS