RESULT OF IBPS PO/MT OUT : GOOD LUCK : PLEASE CHECK AND ADVISE UR STATUS

SO FAR FOLLOWING STUDENTS HAVE ADVISED THEIR SUCCESS

1) Shri Shailendra Hanumantaiya
2) Mr. Yash Chunekar.
3) Miss Rachana Sharma

Gist of current affairs from December 2013 megazines

  Gist of  current affairs from December 2013 megazines        

• Kanwardeep singh elected President of Indian Hockey Federation.
• Girish B. Pradhan  appointed  Chairman of CERC Central electricity Regulatory Authority.
• Arundhati Bhattacharya appointed chairman of State Bank of India.
• S. Varadrajan  CMD of BPCL and B.Ashok CMD of  Indian Oil Corporation.
• Ranjan Mathai , ex Foreign Secretary of India appointed as Indian High commissioner in UK.
• N.Srinivasan third time elected as president of BCCI. Board of control for cricket in India.
• Combodia’s parliament  elected Hun Sen  as prime minister. He has been in power since 1985.
• First National Yash chopra memorial award 2013 goes to legendary singer Lata mangeshkar.
• Man Booker Prize 2013 – Eleanor catton for her novel “The Lumanaris” . The novel is the lengthiest (852 pages)  ever and she is (28 years) youngest ever to win this prize.
• Man booker prize has so far been confined to authors from commonwealth nations, but from next year 2014, the award will be opened for writers from all over the world, provided the book is in English language.
• Indira Gandhi award for national integration 2012 is given Dr. M.S.Swaminathan , eminent scientist and is considered as the father of Green revolution.
•  Malala Yosufzai gets European Union’s Sakharov human rights award 2013.
• Megan Young of Philippines becomes Miss world 2013.
• Deutsche bank prize for Financial Economics 2013  given to Raghuram rajan , Governor,RBI.
• Shanti swaroop Bhatnagar awards announced . Given in the field of Sciencce and technology in India. Dr. bhatnagar was eminent scientist and founder director of CSIR. Centre of Scientific and Indurstrial Research.
• Fortune Top 50  business leaders list 2013. Four Indian ladies Chanda Kochar, ICICI, 4^th, Shikha sharma ,Axis bank, 32^nd , Chitra ramkrishna, National stock exchange , 17^th  and Naina Lal Kidwai, HSBC, 42^nd were part of the list.
• Ajit Agarkar retires from all forms of cricket.
• Govt. of Canada announced honorary citizenship to Malala yusufzai. Earlier beneficiaries were Nelson Mandela and Aung San suu kyi of Myanmaar.
• Lalu Prasad yadav convicted in fodder scam. Becomes second parliamentarian to loose his seat after conviction by the court. First such parliamentarian was Rashid Masud.
• Supreme court , in its recent ruling , banned all those legislators who got 2 years or more jail term.
• Ministry of Health and family welfare has appointed Rahul Dravid as the brand ambassador for its National tobacco control campaign.
• Historian and author Ramchandra Guha wrote a book on the early years of Mahatma Gandhi titled “ Gandhi before India”. His other books are India after Indira, Patriots and partisans and makers of modern India.
• Virat Kohli apponted brand ambassador of BSF.
• Five new non-permanent members were elected by United nations security council. They are Chad, Chile, Lithuania, Nigeria and Saudi Arabia, of which Saudi Arabia has refused to accept the membership in protest against UN’s failure to resolve many issues like Syria , philistine and Nuclear non proliferation.
• China surpassed USA in Oil import , becomes biggest oil importer.
• G-4 nations (Brazil,Germany, Japan, India) group passed a resolution to expedite UNSC United Nations Security council reforms adding  more countries in its permanent and  permanent council, in order to bettter reflect today’s geopolitical realities.
• 14^th India – Russia annual summit.- summit was co-chaired by Dr. Manmohan singh and president of Russia Vladimir Putin. Mascow state institute of international relations, conferred an honorary doctorate to PM shri Manmohan singh.
• Prime minister of Hungary, Victor orban  visited India. Capital Budapest, MOU signed for sharing traditional Indian medicine system.
• Bangla desh signed an extradition treaty with India to enable the handing over of suspects and convicted prisoners between the two countries.
• Prime ministers 4 day visit to Brunei and Indonesia , to attend 11^th ASEAN- India summit and 8^th East asia summit. Highlights -1) Separate mission for ASEAN with a full time ambassador. 2)Free trade agreement with a target of 100 billion dollar trade by 2015.
• Geo-Scientific research vessel RV Samudra Ratnakar (not a defence vehicle) dedicated to the nation.
• Supreme court clarifies that reservation ceiling of 50% does not apply to 3% quota for disabled persons, hence is mandatory in all govt. jobs.
• General election in five states. Chhatisgarh 11^th and 19^th Nov., MP 25 Nov., Rajasthan 1^st Dec, Delhi 4^th Dec, Mizoram 4^th Dec. , results on 8^th Dec.
• Rashtriya Ucchatar Shiksha Abhiyan RUSA is a centrally sponsored scheme for reforming higher education system in states. 1) During 12^th plan period 80 new universities, 100 new colleges and 54 model degree colleges will be created. 2)Infrastructure grants would be given to 150 universities and 3500 colleges to improve facilities. 3) centre : state funding would be 90:10 for NE states, JK, Himachal Pradesh and uttarakhand and 65:35 for other states.
• Telangana would be 29^th state with 10 districts and a common capital Hyderabad for 10 years.
• Supreme court bench headed by Chief justice P. sadashivam held that right to reject is part of fundamental rights given by the constitution under  article 19 and directed the Election commission to provide a None of the above option in electoral machines.
• Special pincode allotted by department of posts to  Supreme court  110 201.
• Union ministry of tourism launched “777 days of incredible Himalayas” campaign to attract tourist  and to promote mountaineering in Himalayan region.
• Ministry of Minority affairs launched a program JIYO PARSI  to reverse  the declining trend of Parsi population in India. It also launched another skill development program learn and earn for all minorities.
• The Good Road, a Gujrati film by Gyan Correa nominated as official entry to OSCAR in the best foreign film category.
• RBI banned zero % interest rate scheme for purchase of consumer goods to protect consumer interest and to bring transparency in interest rate structure. RBI observed that  interest component is often passed on to the consumers in the form of processing fees and other charges.
• RBI relaxed trade credit norms to raise funds from abroad , allowing all type of companies to avail trade credit facility from overseas for import of capital goods, not exceeding 20 millionUS dollars  for next 5 years. Earlier only infrastructure sector was allowed.
• Financial inclusion committee announced under chairman ship of Dr. Nachiket Mor. 15 member committee to frame a clear and detailed vision for financial inclusion in India .
• LPG portability scheme launched in 24 cities of India. Consumer can switch between the three companies operating in India.
• Government appointed Arvind mayaram committee to define FDI and FII.
• Government notified GAAR General anti avoidance rules to be effective from 1^st April 2016 to check tax avoidance by investors routing their funds through foreign countries as FII.
• India is largest recipient of foreign remittances. World bank report “Migration and remittance flows “ revealed India emerging as the largest recipient of among developing economies.
• Raghuram rajan panel submitted report on new criterion for measuring backwardness of the status and basis to identify them in special category . Odisha followed by Bihar are most backward states and Goa tops the list on the positive side.
• Tata and Singapore airlines new venture named as Tata SIA airlines ltd. It will offer  full fledged services in domestic and international arena, not be a low cost airline. Tata 51% and SIA 49%.
• Wallmart and Bharat enterprises ended up their business ties.
• Indian railways to set up country’s biggest forged wheel plant in Raibareli.
• Macau open squash title 2013 won by deepika pallikal. First squash player to get Arjun award.
• Aditya Mehta is snooker player , stood runner up in Indian open snooker title.
• China open tennis 2013 Novac DJokovic defeats Rafael Nadal ,Sania mirza with Cara black wins doubles women title.
• Duleep trophy cricket India won jointly by north and south zone.
• Mumbai Indians wins the championship 20-20 defeating Rajasthan Royals.
• ICC Cricket world cup 2015 , Canberra , Australia. Afganistan qualified to become 20 th team .
• 8^th Asia cup women’s Hockey tournament 2013 played in Kualalumpur Malayasia . Indian team settled for bronze. It lost to South Korea in semifinals
• Global competitive report by WEF World economic forum 2013-14 , india’s rank slipped by one rank to 60^th . Switzerland tops.
• World bank report on ease of doing business 2014 . India slipped  to 134 from 131 in 2013 report.
• Hollywood film based on the life of Julian Assange- The Fifth state    
• Recent Cyclone and typhoons     India –Phailin Philippines –Haiyan  China – Usagi , Andhra Pradesh India – Helen , Japan -Wipha
• China  is taking 3 million arable land on lease in UKRAINE.
• World tourism day – 27^th sep.    
• World rabies day – 28^th sept.
• World heart day – 29^th Sept.
• International day of older person – 1^st OCT.
• World post day  -8^th oct
• World mental health day – 10^th oct
• International day of girl child- 11^th Oct.  
• International day for disaster reduction.  -13 oct
• World osteoporosis  day- 20 oct
• United Nations day 24^th Oct.
• Next NATO summit 2014 in England.
• India won the sultan of johor cup hockey under 21 in Malaysia.  
• Gambia decided to leave group of commonwealth nation.
• The first Tamil chief minister of srilankan province is C V Wighneshwaran.
• Two days summit of APEC Asia pacific economic cooperation held in Indonesia.
• The person nominated by US president Barrack Obama to head the American central bank, Federal Reserve, in place of Ben S barnanke is Janet Yellen.
• The retail chain run by Bharti group , which has recently separated from wallmart is Easyday.
•  HEAL is the name of  Government campaign for Leprosy awareness. Full form is Hire, Educate, Accept, Leprosy-affected.
• Indian badminton player facing the threat of lifetime ban from IBA- Jwala Gutta.
• China issues staple visas to Indians living in arunachal Pradesh as china claims it as a part of his country.
• The world biggest oil producer country is now US surpassing Saudi Arabia.
• The first country in the world to have introduced Tobin tax is ITALY. It is a tax levied on foreign investments to avoid overheating of domestic economy.
• New debt ceiling approved by US senate after a long period of shutdown is 17 trillion $.
• Mahatma Gandhi pravasi suraksha yojana is a pension scheme launched by govt. of India for Indians workers in UAE. LIC and Bank of India appointed main service providers. Indians in the age group of 18 to 50 are eligible. Govt. will make a contribution for first 5 years
• Finance ministry distributed the capital inclusion fund to public sector banks. Out of a total allocation of 14000 crores SBI gets 2000 crore and 1800 crore each to IDBI  and Central Bank. After this banks can raise further capital from the market through QIP Qualified institutional placement , FOP Follow on Public offer .
• In a first ever Term repo offer RBI infuses 19000 crore liquidity in the banking system. Under term repo of 7 or 14 days banks can borrow .25 % of net DTL in each tenor 7days and 14 days.
• RBI dy.governor Shri KC Chakravorty revealed that only 40000 of 600000 villages are having bank braches in India.
• Supreme court says that lower courts can not impose more than double the amount of bounced cheque, in lieu of imprisonment. There is a provision of 2years imprisonment or double the amount of cheque or both punishments.
• New policy for foreign banks announced. Foreign banks will get near national treatment if they operate in India through WOS wholly owned subsidiary, means they set up a subsidiary banking company in India and get registered here. They need to follow all Indian banking norms like other domestic banks.
• Instllments under reverse mortgage scheme will be tax free. Scheme is for senior citizens having no other income and mortgages their houses to banks to get a installment loan for their livelihood .
• India post ties up with UAE’s post group company Wall street exchange for international electronic money transfer service. The product  called “Instant cash”
• Justice MB Shah commission has submitted its report on illegal mining across country.
• K. Kasturirangan report on preservation of western ghats suggests prohibition of developmental activities in the area.
• Railway introduces a concessional MST monthly season ticket “IZZAT” for workers of unorganized sector earning up to 1500/- per month and traveling up to 100 km daily to earn their livelihood.
• India marginally improved from 65 to 63 position in Global hunger index 2013 prepared by IFPRI International Food Policy Research institute.
• India –china signed Border defence cooperation agreement. Both PM Dr. Manmohan singh and Li Keqiang signed it.
• Indian  environmentalist Bunker Roy and Pakistan’s Malala were given this years Clinton Global Citizens awards.
• Noble prizes announced.

Peace prize -  Organisation for the prohibition of chemical weapons.

Literature – Alice Munro of Canada

Physics    -    Peter Higgs and Francois Englert

Medicine -  Rothman , Schekman and Sudhof

Chemistry – Karplus, levitt and Warshel

Economics – Fama, Hansen and shiller 

• I am malala : A girl who stood up for education and was shut by the Taliban book written by malala.
• “One two eight  three :1283”  Book by PELE , the footballer.

RESULT OF REGIONAL RURAL BANKS PO & CLERK ANNOUNCED

RRB PASS OUTS कृपया ध्यान दें  HARYANA GRAMIN BANK IS FIRST TO ADVERTISE VACANCIES OF OFFICER SCALE I  AND OFFICE ASSISTANT MULTIPURPOSE DATE OF APPLYING 21/11/13 TO 6/12/13 OFFICER POSTS 87 AND ASSISTANT 94 LOCAL LANGUAGE REQUIRED HINDI . keep watching IBPS website for the list of banks with vacancies advertised. 

SCORES OF RRB PO/CLERK are available on IBPS website . Please check and share with us.
GK UPDATED UP TO 17th November 2013 :- Please refer previous article  named "Latest GK"


The following students have reported their success in RRB  PO/CLERK examination.

Shri Shailendra Hanumantaiya   PO and Clerk Both
Shri Manish Jain                        Clerk
Shri Udit Bhatt                          PO and Clerk both
Shri Vishal Bhonsle                    Clerk
Shri Ravi Gorana                      Clerk
Dharmendra Dahiya                  Clerk
Deepak Chawda                       PO
Ms Porva Gupta                        PO and Clerk
Ms Varsha Rochwani                 PO and Clerk
Ms Madhurima Kaushal             PO and Clerk  
Ms Pratiksha Ambadekar          Clerk
Ms Deepika badgotya               Clerk
Ms Yogita Torani                       Clerk
Shri Jasmeet singh                     PO and Clerk
Shri Saurabh Gupta                   PO and Clerk
Ms. Khushnuma Khan               Clerk
Shri Mayank Rathi                    Clerk

First of all , Happy Diwali to you all .

Those, who have appeared in RRB PO/CLERK exam , please check your results on IBPS website.GOOD LUCK .

Festival is  over , now concentrate on your studies for Bank clerk exam seriously. This is the last opportunity for this year.

Classes will resume from 7th Nov. , For any difficulties or guidance , you are welcome with prior appointment.

GK will be updated on the blogsite on 15th November and 25th nov. 2013. Please check out new page (passages and vocab).

Latest GK

3^rd Dec.2013

• BITCOIN is a fresh cause of worry for all central banks’ monetary authorities. It is a digital currency created by some netizens in reward for solving some puzzles or complex algorithms. The value of one bitcoin has gone up to 1000$ or Rs.62000/- . This electronic currency is being accepted by some departmental and pizza stores in US and china. Central banks are worried about their misuse in money laundering process.
•  

2^nd Decembaer 2013

• P V Sindhu , badminton player from India has won Macau open Grand prix tournament.
• Gaganjeet Bhullar wins Indonesia open GOLF competition.
• Paul walker who started in Fast and furious series of Hollywood movies, died in an accident.
• Kolkata based United bank of India’s chairman and managing director – Archana bhargava.
• United bank of India has reported Rs.490/- crore loss   in its second quarter due to high provision on NPAs.

1^st December 2013

• World Aids day
• SBI calls a meeting of its shareholders to pass a resolution to allot preferential shares to Government of India , who has expressed its willingness to ADD Rs. 2000 crore in the capital of SBI. Additional capital mobilization through QIP or FPO will also be discussed . All such investments by the Govt. are done in the name of President of India.
• China to launch its first Moon rover mission to explore the surface of the moon.
• Debit card swipe at point of sale terminals (shopping terminals) will now require a PIN password from 1^st December 2013 to minimize fraud cases.
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30^th Nov 2013

• Farm sector(agriculture) pushes up September  2013 quarter growth.in GDP to 4.8%. Last June quarter  it was 4.4 %. Agriculture alone grew at 4.6 against 1.7 last year. A good monsoon also meant that reservoirs were full  and pushed up  electricity production by 7.7%.
• Forex reserves rise by 2.69 bn to $286.26 bn.  The foreign currency assets constitute major part of the overall reserves rose by 2.76 bn.. Foreign currency assets expressed in dollar terms include the effect of appreciation or depreciation of Non US currencies such as Euro , Pound and Yen held in reserves. The Gold reserve remain unchanged at 21.227 billion..
• BSNL in partnership with pental technologies launched an entry level feature phone for Rs.1799/- named Bharat phone, 3 inch display allows internet browsing and music/video downloads.
• SEBI to bring norms for research analysts.

  29^th Nov. 2013

• Bodhgaya’s Buddist temple Mahabodhi temple’s dome was inlaid with 300 kg of gold donated by devotees of Thailand.
• In a sting operation it was revealed that banks are still refusing to open zero balance account. Here is the rules and regulation of zero balance Basic Savings bank deposit account.
• BSBDA , Basic savings bank deposit accounts , free services ATM Cards, maximum four withdrawals in a month(all types cash,atm, electronic means) , credits through electronic and cheques and cash, no initial balance requirement,  No concession in KYC norms .
• BSBDA – Small account.  Simiplified  KYC self attested photograph , no ID proof required, maximum balance Rs.50,000/- withdrawal not more than 10,000 per month, total deposits 100,000 Rs. In a year. Foreign credit not allowed, account valid for 12 months thereafter KYC ID proof and address proof required. The validity can be extended for further 12 months if depositor says that ID has been applied and will be produced soon.
• Sachin tendulkar appointed brand ambassador of UNICEF
• Tata Sons withdraws their application for new bank license.

24^th  to 28^th   Nov. 2013

• Dhanush missile successfully tested from a naval ship in bay of Bengal. It is nuclear capable ballistic missile.
• Iran – US and allies have reached to an historic agreement in Genewa. Iran sacrifices its nuclear ambition and agrees on more transparency , surveillance on its nuclear establishment in return for removal of American restrictions and growth oriented support from developed countries.Under the first phase of agreement it will stop enriching Uranium beyond 5% thereby will not be in a position to produce nuclear weapons. It will also convert or divert its 20% of enriched uranium stock in to an oxide form , which can not be used for military purpose. It will allow international inspection on its nuclear establishments. However civilian nuclear use will continue. Will get some relief from US led financial restrictions to improve its economy.
• Indian American to head S&P rating services. Neeraj Sahai will assume his new post from Jan.6. 2014. S&P is an subsidiary company of McGraw hills financial services.
• As decided earlier, Govt will nearly double the prices of natural gas from 1 april 2014. It was decided on the basis of rationalization of prices suggested by C Rangarajan committee. It will increase subsidy burden on the government.
• RBI asks banks to use adhhar based biometric authentication or EVM chip and pin system to secure card payments. EVM (Euro pay, Master card Visa).
• Yet another cyclone LEHAR to hit Andhra coast.
• Pakistan names Lt. General Raheel Sharif and shri Tassadduque hussain Jilani as  new army chief and chief justice respectively.
• Rs. 150/- and Rs.5/- coins to be released in memory of  Shri Motilal Nehru

23^rd Nov. 2013

• Founder editor of Tehlka.com Mr. Tarun Tejpal was accused of  molestation .
• Norway Magnus Carlsen is now new world chess champion defeating vishwanathan anand of india.
• National food security scheme gets conflicted with WTO international agreements. Under the WTO agreement on agriculture food subsidy support should not exceed 10% , which is going to be breached when our food security scheme is implemented. India is persuading WTO to have a peace clause for four years so as to avoid penalty on this ground.  WTO nations are going to meet in Bali, Indonesia next month.     

22^nd Nov. 2013

• RBI to introduce concept of TCF “Treat Customers Fairly” for sale of third party products like insurance, mutual funds and capital market products. RBI is receiving complaints of mis-selling by banks. Mis-selling of products means hiding or mis representing some of the features of product, which can affect  the decision of prospective buyer.
• RBI raises alarm over rising NPAs and increasing loans to very sensitive real estate . Real estate , commodities and shares are classified as sensitive sectors. RBI in its report “ Trends and progress  in banking” said that Gross NPA of banking system have risen to  3.6 % in March 3013 from 3.1 in 2012.

21^st Nov. 2013

• Prithvi Shaw , 15 years old budding cricketer made history and created a record  by making individual score of 546 in an under 16 inter school tournament in Mumbai . The tournament is known by the name of Harris Shield cricket tournament. The earlier record was in the name of arman jaffar (498) in 2010.

20^th Nov.2013

• Bhartiya mahila bank inaugurated in Mumbai on the birth anniversary of  Late Mrs Indira Gandhi,by Prime minister Dr. Manmohan singh and Smt. Sonia Gandhi.  The bank is Headquartered at Delhi. First women focused bank , 75% of women in India are not having bank account. The bank was opened with 7 branches and will have 25 branches by the end of this financial year. It will have preference to women staffers but not essentially be a women only bank. It will be a full fledged bank providing all banking and financial services similar to other commercial banks but will offer special banking products for women clientele. It will be a universal bank with a balanced presence in rural, urban and metro centers. Initial capital is 1000 crore.  May open branches abroad , if need is felt. It is a Public sector bank.
• RBI directs Public sector banks to give loans to women self help groups at 7 % . The difference between the base rate and 7 % so offered will be compensated as interest subvention under Swarnjayanti Gram Swarozgar yojana SGSY by ministry of rural development.

19^th Nov. 2013

• Indira gandhi’s 96^th birth day. Bharatiya Mahila bank to be inaugurated today.
• German formula 1 player Sebastian vettel wins US grand Prix , sets a record of winning 8 consecutive wins in one year , just ahead of schumacker who had won 7 in a year.

18^th Nov. 2013

• Axis bank to be foreign owned. FIPB Foreign investment promotion board has approved its proposed increase in foreign share holding to 62% resulting in an inflow of  Rs.6200 crore. The proposal will now go to Cabinet committee on Economic affairs as anything above 1200 crore needs its approval.
• Forex currency assets increased by 819 million to make a total of forex reserves to 282 billion.
• CBDT has allowed NTPC to float 1750 cr tax free bonds of the tenure between 10 and 12 years. The government had announced a total of 50000 crore worth of  tax free infrastructure bonds this year.

 
17^th Nov. 2013

• India wins second test match (200^th for Sachin) against West Indies by and innings and 126 runs on the third day itself.
• Sachin was given a grand farewell off the ground with tears in his and everyone’s eyes. Sachin gave an emotional and very touchy speech expressing gratitude to his family, friends, fans and cricket authorities.
• Govt. has also responded in the same tone and announced Bharat Ratna title to be conferred on him. He was the first sportsperson to receive this award and at 40 years of age ,also the youngest ever .
• Bharat ratna title was also conferred on  Shri C.N.R. Rao (79) , a world renowned Scientist and present chairman of PM’s Science advisory council. He is an authority on solid state  and materials chemistry and has a significant contribution to India’s space odyssey MOM Mangal.
• Bharat ratna was instituted in 1954 and so far given to 43 persons. Last time it was given four years ago to PT. Bhimsen Joshi in 2008.

16^th Nov. 2013

• Sachin’s 74 against west indies with  little possiblility of second innings to be played . It may prove to be his last farewell score.

Rising NPA is the biggest challenge faced by banking industry today. RBI will come up with new guidelines on bad loans soon. FM assures bankers immunity against failed policies if they acted in good faith and followed right procedures

15^th Nov.2013

• Wholesale Price Index  also shows(after double digit CPI ) upward trend  with 8 month high figure of 7% in Oct 2013 mainly on account of spiraling vegetable and food prices.
• China tops in no. of internet users (300 million) followed by US (207 M) and India just crossed  200 m mark.
• INS Vikramaditya  to be inducted in Indian navy as the latest Aircraft carrier after INS VIRAT, which is 55 years old now.  made by Russia as “ Admiral Gorshkov” is renamed by India as INS Vikramaditya. It can handle 34 aircrafts on board.
• PM to launch Mahila bank on Nov. 19 . Usha Anantsubramaniam was appointed as Chairman and CEO of the bank which will start with 6 branches with headquarters in delhi.

14^th Nov. 2013

• Aziz premji , Wipro chief and IT tycoon , tops the list of Indian philanthropist (donor for social cause ) with donations worth 8000 crore.
• A 1969 painting by British artist Francis Bacon set a world record for the most expensive artwork ever sold at auction at $142.4 million . Name of the painting was “Three studies of Lucian freud”.
• The reconstructed world trade centre in NewYork has been recognized as America’s tallest building with 1776 feet height,.
• SBI  second quarter July to Sept 2013 profit down by 35% compared to last year’s same quarter on account of provision for NPA , staff wages hike, pensions etc.
• The rising bad loans (Gross NPA)of banking industry have risen to a peak of 1.83 lakh crore  at the end of June 2013. Finance ministry advised banks to take tough action on big companies turning NPA.
• PFRDA chief Yogesh agrawal quits chairman’s post . Govt. apponts Anup wadhwan as new chief.
• Benguluru Mumbai economic corridor, expected to generate 25 million jobs , preliminary work initiated.

13^th Nov. 2013

• Index of Industrial Production IIP has come out of negative territory and depicted a growth of 2% in September. It was negative in the same period last year and was a mere .4% in August 2013. The eight core sectors have recorded a robust growth of 8% while manufacturing growth remained sluggish with .6% this year.
• The Eight Core sector industries are Crude oil, petroleum and refinery products , coal, power , steel , natural gas, fertilizer and  cement
• Both Consumer Price indices  for rural and urban areas have hit the double digit inflation at 10.11 and 10.2 respectively in Oct.2013.
• In India Macro economic policies are framed around Wholesale Price Index  and not on Consumer Price Index. CPI is also called retail inflation.
• ATP world tour Tennis , London won by Serbian player Novak Jokovic defeating Rafael Nadal.

12^th Nov. 2013

• Times of India newspaper completes 175 years. Vice President Hamid Ansari launches a book “Momentous Times”.
•  Indira Nooyi  an Indian chairman and CEO of Pepsico Inc unveiled the plans of investing over $5 billion in india.
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11^th Nov. 2013

• Indian shooter Hina Siddhu won Gold medal in pistol shooting in world cup final in Munikh.
• Veteran Rajasthani writer Vijay daan  Detha  is now no more. He was awarded with Padmashri in 2007 and Sahitya academy award in 1974. Films like Pariniti, Duvidha and Charandas chor were made on his stories.
• Govt. to dissolve 10% stake in Indian Oil Corporation under its disinvestment drive , with current year 2013-14 ‘s target as 40,000 crore.
•  

10^th Nov.2013

• CHOGM Commonwealth Heads Of Government Meeting to be held in Shri Lanka next week. India will be represented by Extenal Affair minister Mr. Salman Khurshid , in place of Prime minister. It is held once in every two years in different member countries. Commonwealth nations are group of countries which were part of British rule at any part of time.

·        CBI was declared Unconstitutional by Guwahati high court after hearing a petition challenging a CBI chargesheet by a Mahanagar Telephone Nigam employee, Navendra kumar. Later, Central Government approached the supreme court and was successful in getting a stay order against High court’s order. Attorney General Wahanwati represented Central Government.

·        Philippines (Manila –capital) was severely hit by a typhoon named Haiyan, killing nearly 10000 people . Last month a similar storm  called Phailin had landed on Indian state  Odisha’s coast

• World chess championship being held in Chennai. Two initial matches between Vishwanathan anand  and  Magnus Carlsen  have ended in a draw. Magnus carlsen is a Norvegian chess player with current world no.. 1 ranking .
• The current world champion is Viswanathan Anand, who won the World Chess Championship 2007 and successfully defended his title against former world champion Vladimir Kramnik in the World Chess Championship 2008, against Veselin Topalov in the World Chess Championship 2010 and against Boris Gelfand in the World Chess Championship 2012.

9^th and 8^th Nov. 2013

• Govt. clears follow on Public offer of Power Grid corporation. Divests 17% stake in power grid , will raise about Rs. 5600 crore.
• Standard and poor’s  international credit rating agency has maintained the status quo about India’s rating at BBB – Minus retaining its negative outlook.  BBB- is the lowest grade investment rating . Any down grade will reduce Indian rating to Junk status i.e., not favourable for investment. Next review will be done after Lok sabha elections , when the new government will take charge.
• Moody’s current rating on India is Baa3 – stable and Fitch’s rating is BBB-Stable.
• MNAIS Modified national agricultural insurance , requiring compulsory insurance of crops by the Farmers taking bank loans, which was tried on pilot basis in 50 selected districts has now been extended to the entire country from 1^st Nov. 2013 as part of the Five year plan. Govt. will provide 40 to 75% subsidy on the premium.
• Sachin’s 199^th test match at eden  Garden Kolkata  won by India .

7^th Nov. 2013

• SBI raises lending rates by 0.20% . The new base rate is 10.00% and Prime lending rate to 14.75%
• RBI new norms on foreign banks released. Highlights 1) Foreign banks may expand their operations in India after floating a WOS wholly owned subsidiary registered in India. 2) Initial capital for opening a Banking subsidiary is 500 crore. 3) Wos will be treated at par (Near national treatment)  with Indian domestic banks. They will have the liberty of opening branches without seeking individual branch opening permission however they need to follow all regulations like financial inclusion, priority sector financing,  branch spread policy etc. like other Indian banks. 4) Some foreign banks which have  a complex structure , or have a preferential policy for their domestic depositors (US, UK and Germany) will be compulsorily migrated to WOS structure. Others will have the option not to migrate to WOS , if they so want.5) Half of their board of directors should be persons of Indian origin and one third should be current Indian nationals. 6) foreign banks will be allowed to buy local Indian private banks.

6^th Nov. 2013

• Nearly 1.34 lakh Indian workers already returning to their homeland as the Saudi Arabia’s Govt . is deporting all illegal migrant labour in their country  under its new labour policy Nitaqat .
• 152 soldiers in Bangla desh have been sentenced to death penalty for their role in 2009 mutiny and massacre of 74 people including army officials. This was biggest ever mass trial in the world.

 

5^th November 2013

·       Mars Mission India            

·       Comparision Mars with earth

	Mars	Earth
Atmosphere	95% CO2, 3% nitrogen, 0.13% oxygen	Nitrogen 77%,Oxygen 21%
No. of satellite	2  Phobos and Deimos	1 Moon
Average surface temperature	-63 degree Celsius	14 degree Celsius
Length of year	687 earth days	365 days

• Designated as Mars Orbiter Mission MOM . Mars also called red planet.
• ISRO director K. Radhakrishnan and Mission director P Kunhi Krishnan.
• PSLV25 , Polar Satellite Launch Vehicle’s 25^th flight.
• GSLV Geosynchronous Satellite Launch Vehicle uses indigenously developed cryogenic engine has capacity to launch heavier loads in to distant geosynchronous orbits (higher orbits ) of earth. So far we have carried out  7 operations on GSLV  Of which only two were successful. The 8^th operation scheduled in Dec 2013 has been postponed .
• Men are from Mars and women are from venus written by American author John gray.
• So far five different nations(US, Soviet union ,EU,China and Japan) have tried this expedition and two of them have failed (Japan and China).
• Launched from Shriharikota (Andhra Pradesh) Satish dhawan space center.

3^rd November 2013

• Rohit sharma became third batsman to have scored double century(209) in ODI cricket after virender sehwag(219) and Sachin Tendulkar (200). He also created a world record of hitting 16 sixes in an ODI innings.
• India won this series 3-2 against Australia. Virat Kohli declared man of the series.
• Dr Bimal Jalan headed panel held its first meeting on bank license allotment on 1^st nov. 2013. Other members of high level advisory committee are Usha Thorat, CB Bhave, and Nachiket Mor.
• Traditional samwat year (diwali to diwali) 2069 ended at Bombay stock exchange on a high note with sensex closing at 21197 points.
• MCX-SX  the third full fledged stock exchange has appointed Shri Gopal Krishna Pillai , former Union home secretary as Chairman and Thaomas Mathew , a former top official of LIC as Vice Chairman.
• Ease of doing business report released by world bank and International Finance corporation placed India at 134th place among 189 countries, down from 131^st position last year.  Singapore ranked first making it best place to do business in the world. Singapore was adjudged the best place to do business.

·        Expressing full confidence in the American economy and asserting there are low chances of US default, Rajan ruled out selling out the Indian assets in the United States.The Indian investment in the US treasury bills is estimated to the tune of $59.1 billion.

·        Five pillars of Raghuram rajan           

Pillar 1: Monetary policy framework. Review its objective, strengthen its effectivness, making it more credible and transparent.
Pillar 2: Reform India’s banking system. 1) Free branching (no need to take RBI permission for opening branches. 2) New bank licenses on a regular basis. 3) New rules for foreign banks with WOS wholly owned subsidiary structure. Such banks be at par with domestic banks and will get near national treatment.
Pillar 3: Liberalizing Indian markets like money market, Govt. debt market , Corporate debt market etc.
Pillar 4: Financial inclusion.Mr. Rajan said that India would look to use technology increasingly to bring financial services to millions of unbanked people in smaller towns and rural areas.
Pillar 5: Dealing with financial distress.“Whether it be corporate distress, or financial institution distress: we need to improve our mechanisms to make it simpler, cleaner, and less value-reducing,” said Mr. Rajan. India needs to accelerate the working of Debt Recovery Tribunals and Asset Reconstruction companies, so that bad loans sitting on the books of Indian banks are processed quickly. That will free up banks to lend more to financially healthy companies that need money.

·        Air Marshal Arup Raha  will be next Air force chief succeeding NAK Browne who is retiring on 31 Dec. 2013 .

·        RBI raises repo rate on 29 Oct. 2013  from 7.5 to 7.75 in its quarterly policy review. MSF cut by 0.25% from 9 to 8.75  to bring it to normal levels of one percent higher than repo rate. Bank rate also matches MSF rate at 8.75%. Reverse repo rate is now 6.75%.

·        Term repo facility for 7 and 14 days continued in the policy review. Quantum of term repo increased from 0.25% of Net Demand and Time Liabilities is increased to 0.5 %.

·        Banks asked to charge its customer , actual charges of SMS sent to them and not the lump sum amount.

·        Liquidity up to 0.5 per cent of bank-wise NDTL is available through overnight LAF repos.

·        ction on the monetary policy framework will follow the submission of the Dr. Urjit Patel Committee report and the strategy to expand financial inclusion will be informed by the Dr. Nachiket Mor Committee report.

·        As per extant instructions, banks are required to pay interest on savings deposits and term deposits at quarterly or longer intervals. As all commercial banks are now on core banking platforms, it has been decided to give banks the option to pay interest on savings deposits and term deposits at intervals shorter than quarterly intervals.

·        Sebestian vettel became the youngest player to win 4 Consecutive formula 1 car racing titles, Grand prix. He won the Indian Grand Prix title on 27 oct.2013. He is a German and plays from Red Bull brand.

·        Pune warriors dismissed from IPL  by BCCI.

·        25^th Oct. is RTI day  Right to information day.

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GOOD LUCK TO STUDENTS APPEARING FOR IBPS PO EXAM ON 26th or 27th October 2013

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      GK updated up to 24^th Oct 2013

• Capital infusion in Public sector banks approved by Finance ministry. This years budget allocation is 14000 crore as against 12517 crore last year. SBI gets 2000 crore followed by IDBI and Central Bank of India with Rs. 1800 crore.
• China visit of Prime minister  Manmohan singh . MOU On dams among nine agreement signed. Chinese primeminister  Le Keqiang  and president Xi Jinping.
• Renowned playback singer Mannaday died at the age of 94 . His full name is Prabodh Chandra dey. First film Tammana.
• Banking licence , Four Public sector units applied  – Deparment of posts, IFCI, LIC housing finance and Tourism Finance corporation.
• Prime minister visit to Russia – meets president Vladimir Putin.
• Shri Rashid masud became the first MP ( Rajya Sabha) , to lose seat on conviction , after recent   Supreme Court  ruling.
• RBI Mid quarter monetary policy review on 20 sept. 2013  Repo rate increased to 7.5 % Reverse repo 6.5,  MSF and Bank rate down to 9.5 from 10.25 in july . RBI also reduced daily CRR balance limit of banks form 99 to 95%. But CRR unchaged at 4% and SLR at 23% .
• RBI again reduced MSF and Bank Rate fom 9.5 to 9 % on 7^th Oct. 2013.
• RBI introduces Term repos  to provide additional liquidity. Term repos  of 7-day and 14-day tenor for a notified amount equivalent to 0.25 percent of net demand and time liabilities (NDTL) .
• Lalu Prasad convicted in fodder scam by a CBI court , loses his parliamentary membership. Prasad and 44 others were charged with fraudulent withdrawal to the tune of Rs. 37.7 crore on fake fodder bills from Chaibasa treasury.
• Raghuram rajan panel for reviewing criterion for allocation of Central Govt. assistance to backward states. The panel recommended a multi dimensional index to decide about th backward ness of any state.
• Supreme court gives Indian voters a right to reject all the candidates. A bench headed by Chief Justice of India P. Sathasivam asked the Election Commission to make changes in voting machines and ballot papers, giving voters a “none of the above”NOTA choice, and publicise this change widely.
• Visit of President of Liberia
  Ellen Johnson Sirleaf, President of Liberia came on an official visit to India on 11 September 2013. She also happens to be Africa’s first female President.
  
  During the bilateral talks, Prime Minister Manmohan Singh announced a $ 144 million line of credit for Liberia. India also signed four agreements for cooperation in various fields, including the critical oil and gas sector.
• Arundhati Bhattacharya has been appointed as the first woman managing director of State Bank of India.
• Microsoft Corp has decided to buy Nokia’s mobile phone business for 5.44 billion euros, and the Finnish firm said its CEO, Stephen Elop, would join Microsoft when the transaction is closed. Finland’s Nokia, once the undisputed leader in mobile phones, has been struggling to respond to the challenge from smartphone makers such as Apple and Samsung.
• German chancellor  Anjela market reelected in a recent election for 4 more years.
• BRICS to set up a $100 billion fund to stabilize  currency markets.
• US-Russia deal on Syria’s chemical weapons
  US Secretary of State John Kerry and Russian Foreign Minister Sergey Lavrov reached agreement on 14 September 2013, on a framework for Syria to destroy all of its chemical weapons, and said they would seek a UN Security Council resolution that could authorise sanctions—short of military action—if Syrian President Bashar Assad’s government fails to comply.
• US Fed leaves decides to continue with the stimulus
  On 18 September 2013, the US Federal Reserve decided to leave its $85 billion a month stimulus programme in place, against broad expectations that it would reduce it as the economy grows.
• The International Day for the Preservation of the Ozone Layer was observed on 16 September, with the theme “A Healthy Atmosphere, the Future We Want”.
• China has opened the world’s highest civilian airport in a restive and remote Tibetan region of south-western Sichuan province.
• Insurance repository is a facility that allows you to hold insurance plans in the demat form. As is the case with shares and bonds, which can be held in a demat account with a depository, you can keep your insurance policies in an e-insurance account with an insurance repository. IRDA has given five companies the status of insurance repositories and provided with a licence that will be valid till July 31, 2014. The five companies are: NSDL Database Management Limited, Central Insurance Repository Limited, SHCIL Projects Limited, CAMS Repository Services Limited and Karvy Insurance Repository Limited.
• International Day of Elderly Persons is observed on 30 September.
  
  World Heart Day is observed on 29 September.
• Robert Mugabe sworn-in as Zimbabwe President for a new five-year term Capital – Harrare
• August 13 is celebrated as international left-handers’ day.
• India has bypassed Japan to become the world’s third largest Internet user after China and the United States,
• July 12 has been heralded as Malala Day, to remember the contributions of Pakistan’s Malala Yousafzai
• July 11 is observed as UN World Population Day.
• The National Stock Exchange (NSE) has regained its position as the world’s largest bourse in terms of volumes in equity trades, according to the latest data by World Federation of Exchanges (WFE).
• US Govt. shutdown 30 sept. to 16 Oct. 2013 : Whenever the financial proposals or budgets presented by the governments are not passed by American congress(their Parliament) by the due dates, the constitutional permission to use the state funds  expires and no expenses can be incurred by the Government. In such circumstances Government  functions with minimum security and essential services. Most of the Government offices remain closed and employees are not paid their salaries.

Fortunatly India has never come across such situation , but America has experienced such deadlocks  in around 18 times in its democratic history. The longest shutdown was for 21 days between 15 dec  1995 to Jan 6 ,1996 during Clinton regime.

This time the dispute was about  sanctioning funds for Patient Protection and Affordable Care Act (PPACA), commonly known as Obamacare, which was part of budget proposal. In US Financial year is from October to September every year and yearly budget approval deadline was 30 th sept.  

Apart from this, Loan limit of the country was also required to be raised to avoid default in payment of  the Government securities maturing on 16^th Oct. Incidentally a last minute pact between Obama administration and Republicans saved US from becoming defaulter. At the same time Budget was also passed and shutdown ended.

Late additions to this Post.   

·        4 Indian in Fortune Business women leaders list. ICICI Bank’s CEO Mrs. Chanda kochhar (4^th position), National Stock Exchange Chief Chitra Ramkrishna (17^th position), Axis Bank’s Shikha Sharma(32^nd position) , and HSBC’s Naila lal Kidwai.(42^nd position.).

·        Phailin hits Odisha coast , Classified as severe cyclone and not Super cyclone which requires wind speed of more than 220 kmp.

·        Five states to go to polls in November.  MP, Rajasthan, Mizoram, Chhatisgarh and Delhi . Chief election commissioner VS Sampat.

• Lata Mangeshkar Received First National Yash Chopra Memorial Award

The Nobel Prize in Physics 2013

François Englert and Peter W. Higgs

"for the theoretical discovery of a mechanism that contributes to our understanding of the origin of mass of subatomic particles, and which recently was confirmed through the discovery of the predicted fundamental particle, by the ATLAS and CMS experiments at CERN's Large Hadron Collider"

The Nobel Prize in Chemistry 2013

Martin Karplus, Michael Levitt and Arieh Warshel

"for the development of multiscale models for complex chemical systems"

The Nobel Prize in Physiology or Medicine 2013

James E. Rothman, Randy W. Schekman and Thomas C. Südhof

"for their discoveries of machinery regulating vesicle traffic, a major transport system in our cells"

The Nobel Prize in Literature 2013

Alice Munro

"master of the contemporary short story"

The Nobel Peace Prize 2013

Organization for the Prohibition of Chemical Weapons (OPCW)

"for its extensive efforts to eliminate chemical weapons"

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2013

Eugene F. Fama, Lars Peter Hansen and Robert J. Shiller

"for their empirical analysis of asset prices"

·        Dondia kheda (Unnav) UP is the place where ASI Archeological  Survey of India is excavating the suspected precious metal.

·        RBI bans 0 % interest rate loan schemes offered  by banks for purchase of consumer products.

·        Eleanor Catton became the youngest receiver of Man booker prize at the age of 28 years for her lengthiest novel The Luminaries. Indian American Jhumpa lahiri was also in the race with her novel The Lowland.

·        Malala Yousafzai, the won an Russian award instituted in the name of Russian journalist and human rights activist Anna Politkovskaya.

Country Name	Capital	Currency
Afghanistan	Kabul	Afghani
Argentina	Buenos Aires	Peso
Australia	Canberra	Australian dollar
Austria	Vienna	Euro (formerly schilling)
Bahrain	Manama	Bahrain dinar
Bangladesh	Dhaka	Taka
Belgium	Brussels	Euro (formerly Belgian franc)
Bhutan	Thimphu	Ngultrum
Brazil	Brasilia	Real
Brunei	Bandar Seri Begawan	Brunei dollar
Cambodia	Phnom Penh	Riel
Canada	Ottawa	Canadian dollar
Chile	Santiago	Chilean Peso
China	Beijing	Yuan/Renminbi
Croatia	Zagreb	Kuna
Cuba	Havana	Cuban Peso
Cyprus	Nicosia	Cyprus pound
Czech Republic	Prague	Koruna
Denmark	Copenhagen	Krone
Ecuador	Quito	U.S. dollar
Egypt	Cairo	Egyptian pound
Fiji	Suva	Fiji dollar
Finland	Helsinki	Euro (formerly markka)
France	Paris	Euro (formerly French franc)
Germany	Berlin	Euro (formerly Deutsche mark)
Greece	Athens	Euro (formerly drachma)
India	New Delhi	Rupee
Indonesia	Jakarta	Rupiah
Iran	Tehran	Rial
Iraq	Baghdad	Iraqi Dinar
Israel	Jerusalem*	Shekel
Italy	Rome	Euro (formerly lira)
Japan	Tokyo	Yen
Kenya	Nairobi	Kenya shilling
Korea, North	Pyongyang	Won
Korea, South	Seoul	Won
Kuwait	Kuwait City	Kuwaiti dinar
Latvia	Riga	Lats
Lebanon	Beirut	Lebanese pound
Liberia	Monrovia	Liberian dollar
Libya	Tripoli	Libyan dinar
Malaysia	Kuala Lumpur	Ringgit
Maldives	Male	Rufiya
Mauritius	Port Louis	Mauritian rupee
Mexico	Mexico City	Mexican peso
Myanmar (Burma)	Naypyidaw or Nay Pyi Taw (administrative)	Kyat
Nepal	Kathmandu	Nepalese rupee
Netherlands	Amsterdam; The Hague (seat of government)	Euro (formerly guilder)
New Zealand	Wellington	New Zealand dollar
Nigeria	Abuja	Naira
Norway	Oslo	Norwegian krone
Oman	Muscat	Omani rial
Pakistan	Islamabad	Pakistani rupee
Philippines	Manila	Peso
Poland	Warsaw	Zloty
Portugal	Lisbon	Euro (formerly escudo)
Qatar	Doha	Qatari riyal
Russia	Moscow	Ruble
Saudi Arabia	Riyadh	Riyal
Serbia	Belgrade	Yugoslav new dinar. In Kosovo both the euro and the Yugoslav dinar are legal
Singapore	Singapore	Singapore dollar
South Africa	Pretoria (administrative); Cape Town (legislative); Bloemfontein (judiciary)	Rand
South Sudan	Juba	Sudanese Pound
Spain	Madrid	Euro (formerly peseta)
Sri Lanka	Colombo; Sri Jayewardenepura Kotte (legislative)	Sri Lanka rupee
Sudan	Khartoum	Dinar
Sweden	Stockholm	Krona
Switzerland	Bern	Swiss franc
Syria	Damascus	Syrian pound
Taiwan	Taipei	Taiwan dollar
Thailand	Bangkok	baht
Turkey	Ankara	Turkish lira (YTL)
Uganda	Kampala	Ugandan new shilling
United Arab Emirates	Abu Dhabi	U.A.E. dirham
United Kingdom	London	Pound sterling
United States of America	Washington D.C.	dollar
Venezuela	Caracas	Bolivar
Vietnam	Hanoi	Dong
Yemen	Sanaa	Rial
Zambia	Lusaka	Kwacha
Zimbabwe	Harare	Zimbabwean dollar