INTERIM BUDGET 2014-15 – HIGHLIGHTS
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Fiscal deficit expected to be at 4.6 % of GDP
which is less than targeted 4.8%
·
The fresh estimate for GDP this year is 4.9%.
GDP is total goods and services produced in the country during the given
financial year.
·
Expenditure estimates for the year is 1763214
crore against 1590434 crore last year.
·
11,300 crore is proposed to be provided for
Capital infusion in Public Sector Banks.
·
Interest on education loan taken before 31/03/2009
will be borne by government up to 31/12/2013.
·
No change in direct tax structure.
·
Some indirect taxes like excise duty were
relaxed in respect of consumer durables like TV freeze washing machines and
automobiles like cars(across all segments),bikes etc.to increase demand in the market and boost growth of
manufacturing sector. Some relaxation was also provided on country made
mobiles, capital goods and construction machineries. (relaxation only up to
30/06/2014)
·
Rs.11200 crore marked for capital infusion of
banks.
·
8 lac crore is the credit target in agriculture
segment .
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Budget at a Glance
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(In crore of Rupees)
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2012-2013
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2013-2014
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2013-2014
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2014-2015
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Revenue Receipts
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877613
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1056331
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1029252
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1167131
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2
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Tax Revenue
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(net to centre)
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740256
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884078
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836026
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986417
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3
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Non-Tax Revenue
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137357
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172252
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193226
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180714
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Capital Receipts (5+6+7)$
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532754
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608967
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561182
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596083
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5
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Recoveries of Loans
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16267
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10654
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10802
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10527
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6
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Other Receipts
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25890
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55814
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25841
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56925
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7
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Borrowings and other
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liabilities *
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490597
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542499
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524539
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528631
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Total Receipts (1+4)$
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1410367
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1665297
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1590434
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1763214
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Non-Plan Expenditure
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996742
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1109975
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1114902
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1207892
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10
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On Revenue Account
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914301
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992908
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1027689
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1107781
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of which,
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11
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Interest Payments
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313169
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370684
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380066
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427011
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12
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On Capital Account
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82441
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117067
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87214
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100111
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Plan Expenditure
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413625
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555322
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475532
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555322
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14
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On Revenue Account
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329208
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443260
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371851
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442273
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15
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On Capital Account
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84417
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112062
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103681
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113049
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Total Expenditure (9+13)
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1410367
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1665297
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1590434
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1763214
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17
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Revenue Expenditure
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(10+14)
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1243509
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1436169
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1399540
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1550054
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18
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Of Which, Grants for
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creation of Capital
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Assets
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115513
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174656
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121283
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146581
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19
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Capital Expenditure
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(12+15)
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166858
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229129
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190894
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213160
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20
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Revenue Deficit (17-1)
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365896
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379838
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370288
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382923
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-3.6
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-3.3
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-3.3
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-3
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21
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Effective Revenue
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250383
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205182
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249005
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236342
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Deficit (20-18)
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-2.5
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-1.8
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-2.2
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-1.8
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22
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Fiscal Deficit
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490597
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542499
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524539
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528631
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{16-(1+5+6)}
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-4.9
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-4.8
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-4.6
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-4.1
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23
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Primary Deficit (22-11)
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177428
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171814
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144473
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101620
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-1.8
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-1.5
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-1.3
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-0.8
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Actuals for 2012-13 in
this document are provisional.
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$ Excluding receipts
under Market Stabilisation Scheme.
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* Includes draw-down of
Cash Balance.
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Notes:
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1. GDP for BE 2014-2015 has been projected at ` 12839952 crore
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assuming 13.4% growth over the advance estimates
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of 2013-2014 (` 11320463 crore) released by CSO.
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2. Individual items in this document may not sum up to the
totals due to rounding off.
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What is your opinion about this budget.
It is very positive,
practical and growth oriented budget
with no hidden agenda or populist measures. The vision in the budget is clear. In
a short span of time, indirect tax reduction,will boost demand for consumer durables and automobiles
and improve growth prospects. At the same time Finance minister has shown his
commitment to contain fiscal deficit within targeted lines of below 4.8%. and
also setting a roadmap of further
reducing fiscal deficit in years to come.
Feedback from some of the
candidates who appeared for IBPS clerical interview last week
- Interview board very friendly and supportive. Mostly expected questions.
- More questions on Madhya Pradesh. CM, Governor , No. of districts , tribal belt, formation of chattisgarh, how many states surrounds it etc.
- Questions on ujjain’s temples like Kal Bhairav, Iskcon etc. Which religious institution having world wide presence also has its branch in ujjain. – (ISKCON)
- Do you read newspaper , which one ?, what are important headlines today. Questions on them.
- Why engineering to banking , how your engineering knowledge is useful in bank.
- Questions on family background.
- Questions on subject knowledge.
Looking to the trends, I have collected some information
from the net , which will further add to your preparedness for the interview.
Facts about M.P
1. Formation of madhya pradesh took place in 1st NOV 1956.
1. Formation of madhya pradesh took place in 1st NOV 1956.
2. Name Madhya pradesh was given by J.L Nehru.
3. formation of Chhatisgarh as a 26th state took place in 1st nov 2000.
4. Capital of M.P is Bhopal
and business capital is Indore..
11. M.P. has 10 division(sambhag) latest is shahdol.
12. M.P. has 51 districts, latest is Agar Malwa separated from shajapur district.
13. Sex ratio of M.P. is 930/1000 according to 2011 census.
15. M.P has 46 janjatiya in which Gond is most common. Native of Jabalpur area Gonds are the biggest tribal community followed by Bhils in jhabua.
17. Literacy rate is 70.63% in M.P. Male literacy is 80.53% and female literacy is 60.02%.
18. Area wise M.P is second largest state having 3,08,245 square km.
11. M.P. has 10 division(sambhag) latest is shahdol.
12. M.P. has 51 districts, latest is Agar Malwa separated from shajapur district.
13. Sex ratio of M.P. is 930/1000 according to 2011 census.
15. M.P has 46 janjatiya in which Gond is most common. Native of Jabalpur area Gonds are the biggest tribal community followed by Bhils in jhabua.
17. Literacy rate is 70.63% in M.P. Male literacy is 80.53% and female literacy is 60.02%.
18. Area wise M.P is second largest state having 3,08,245 square km.
स्थान
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जैसा कि इसके नाम से पता चलता है कि मध्येप्रदेश, à¤ारत के बिल्कुल मध्य में स्थित है, राज्य की सीमा पांच अन्य राज्यों से जुडी हुई है जैसे – उत्तर-पश्चिम में राजस्थान, उत्तर में उत्तर प्रदेश, पश्चिम में गुजरात, दक्षिण में महाराष्ट्र और उत्तर-पूर्व में छत्तीसगढ़।
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क्षेत्र
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मालवा, निमाड़, बुन्देरलखण्ड, बघेलखण्ड
, चम्बल और महाकौशल।
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मुख्य फसल
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सोयाबीन, गेहूँ, धान, ज्वार, मक्का, चना, मसूर, तुअर, सरसो।
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नदियां
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नर्मदा, चम्बल, माही, ताप्ती, बेतवा, सोन, बाणगंगा, केन, पेंच, तवा
और क्षिप्रा।
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Narmada and tapti are two
rivers which flows westwards ending up in gujrat sea coast. All others flow
eastward to bay of Bengal.
• Governor
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Black Soil, most predominantly in Malwa region.
Governors of Madhya Pradesh
#
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Name
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Took Office
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Left Office
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1
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1 November 1956
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13 June 1957
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2
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14 June 1957
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10 February 1965
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First Chief minister was Shri Ravi
shankar shukla
Narmada Kshipra link project
On
the occasion of Narmada Jayanti on February 6, the river was successfully
linked with Kshipra. The Narmada-Kshipra project will be formally inaugurated
around February 25. The first phase was completed with the investment of Rs. 432 crore.
In the next phase other three rivers which
will be linked with narmada are Gambhir, Kalisindh and Parvati .
Purpose
– 1) Regular and clean water flow in kshipra for religious devotees visiting
ramghat throughout the year, specially in simhastha 2016. 2) improving irrigation facilities and
ground water table of Malwa region. 3) providing clean drinking water to all
villages and cities which comes in the route of these rivers.
Kshipra
emerges from small hill at ujjaini village near indore. Narmada
water was lifted 350 meters upward (through pumps) from sisliya reservoir (on
narmada river) and released into the origin place of kshipra.
Narmada
water will flow through Kshipra, which merges with chambal , chambal with yamuna and
yamuna with Ganga making a confluence of five
sacred rivers.
International Society for Krishna
Consciousness (ISKCON). ISKCON is a religious movement that also identifies itself as The Hare Krishna Movement™. ISKCON belongs to the Gaudiya-Vaishnava sampradaya, a monotheistic tradition within the Vedic and Hindu cultural traditions.
founded by A.C. Bhaktivedanta Swami Prabhupada, based on the teachings of the Bhagavad-gita, the spiritual teachings spoken by Lord Krishna.
Kalidas samaroh
kalidas samaroh -2013 was held from 4th Feb to 10th feb 2014 . delayed because of election scheduled in Madhya Pradesh.
First kalidasa Samaroh 1958 at Ujjain was
inaugurated by late of India
Dr. Rajendra Prasad and the occasion turned out to
be an important in the cultural history of India
KalidasHis place in Sanskrit literature is akin to that of Shakespeare in English.[1] His plays and poetry are primarily based on Hindu mythology and philosophy
PLAYS :Abhigyan shankuntalam , Malvikagnimitram, Vikramovashium
POETRY: Meghdootam, ,Raghuvansham, Ritusanhar,Kumar-shambhav
More information will be added tonight , Pl. check it tomorrow morning.
Important news from recent newspapers.
·
Kejriwal resigns over Jan lokpal bill not being supported by congress and BJP . Jan
lokpal bill is the AAP version of lokpal draft, which was prepared by group of
civil society members under the leadership of Anna hajare two years back. Later
on anna hajare agreed to a diluted version of lokpal being passed by the
parliament in December 2013, but AAP under kejriwal sticked to their original
version.
·
Delhi being the
country’s capital is under dual control of Central Government and Delhi state government. Delhi police is under the control of Central Home ministry
and any new bill presented in the Delhi
vidhan sabha needs prior approval of central government. Shri Kejriwal wanted
to present Jan Lokpal bill without
approval of central government, which was considered unconstitutional and as
such opposed by congress and BJP.
·
After Kejriwal’s resignation, Lt. Governor of
Delhi Shri Najeeb Jang recommended President rule in the state and vidhan sabha
to remain suspended.
·
14th Feb. Valentine day. St. valentine
from Italy
supported and solemnized marriages of soldiers who were not allowed to marry
under theroman empire rules.
·
Parliament proceedings were disrupted by Anti
Telangana MPs , using pepper spray . They were opposing presentation of
Telangana bill and were against division of Andhra Pradesh. Central government
has declared the creation of a separate state named TELANGANA out of existing Andhra Pradesh. It will be 29th
state of India
and will comprise 10 district . Hyderabad
will be common capital for divided states for next 10 years and thereafter it
will be passed on to Telangana.
·
Last time in 2000 three new states namely
Jharkhand, Uttarakhand and Chhatisgarh
were created.
·
American author Wendi doniger’s book The Hindus : an alternative history was
withdrawn by penguin book publisher after it being challenged in the court by
an delhi based organization
Shiksha bachao samiti. It has some objectionable narrations about hindu
mythological characters.
·
IPL -7 Auction. Yuvraj singh highest paid
cricketer with 14 crore by royal challengers , Benguluru followed by dinesh kartik at 12.5 crore.
Eight teams are participating in this tournament. Organiser is BCCI.
·
Interim rail budget presented in parliament by
railway minister Mallikarjun Khadge. No change in fares or freight. 73 new
trains announced.
·
New scheme announced by RBI governor Shri Raghuram
Rajan . At the request of account holder bank will send a code on the receiver’s
mobile and receiver will be able to withdraw that money from any ATM by feeding
that code. No ATM card will be required.
·
Inflation indexed national savings securities
issued by RBI to protect savingss from inflation. On such deposits interest will
be 1.5% above the inflation rate of particular period.
·
Winter Olympics inaugurated in SOCHI
in Russia.
Indian players could not participate under Indian flag as recognition to Indian
Olympic association remained suspended for the last one year. But fortunately
the ban was lifted during the currency of winter Olympics , as the new IOA committee was
elected in the meantime ,as per internatonal olypic committee’s rules
·
Maruti has launched automatic gear car celerio.
·
Banks employees remained on strike for two days
, demanding wage revision due from 01/11/2012 and other subsidiary demands.
·
Jennet yelen (a lady) appointed as Governor of
Federal reserve , USA
in place of Ben S Bernanke.
·
Plastic currency notes ( Rs. 10) to be
introduced in five cities kochin, shimla,mysore,jaipur
, bhubaneshwar .
·
Satya nadela
from Hyderabad
(now a American citizen) became CEO of Microsoft. Ottaer inidans reached to the
top positions are Indiran noyee(pepsico), Rajat Gupta (macinjee), Anshu jain
(deusche bank) Ajay Banga ( Mastercards).
·
New facilities at UJJAIN, PNG Piped natural Gas project
approved. It will supply cooking gas through pipelines to 2500 individual homes
by 2015. New CNG mother station approved . Vikram Udhyogpuri and knowledge city
will be developed near Narvar village.
·
Wholesale
Price Index - Inflation at 8 month’s low. Dipped to 5.05 in January from 6.16
in Dec and 7.52 in November, mainly on account of moderation in food prices.
Hopes of rate cut by RBI and improvement in growth figures expected. Retail
inflation (Consumer Price Index) also reached 24 months low of 8.79%
·
State Bank Q3 profit reduced by 35% for rising
bad loans and rising wage costs. Gross NPA y around 5.73% and if restructured
loans are added to it , will become 9%. No hope of improvement in near term.
·
2G auction fetched more than 61000 crore to
government exchequer. Low base price and transparency proved beneficial to the
government. However experts feel , it may increase mobile call charges.
·
Krishi karman award to Madhya Pradesh for
second consecutive year for maximum food grain production.
·
India
lost one day series against new
zealand . In test series India lost
first test but now in better position in second test .
RBI decided to keep pre 2005 noted out of circulation
as they are having less security features and are comparatively easy to counterfeit
(jaali/nakli). They can be easily recognized as year of printing was not
printed on the notes prior to 2005. As the new currency notes have added
security features, they would help in curbing the menace of fake currency.
At present, currency notes in denominations of Rs 5, Rs 10, Rs 20, Rs 50, Rs 100, Rs 500 and Rs 1,000 are issued. From April 1, 2014, the public will be required to approach banks for exchanging these notes. Banks will provide exchange facility for these notes until further communication," the RBI said.
From July 1, 2014, persons seeking exchange of more than 10 pieces of Rs 500 and Rs 1,000 notes will have to furnish proof of identity and residence to the bank.
What additional security features were introduced since 2005
1) weight and thickness of the paper increased 2) Colour of the security thread shall shift from green to blue when viewed from different angles. Width of thread will increase from 1.2 mm 3 mm. 3) Year of printing to be incorporated at the printing stage on the reverse ofthe bank note. 4)optically variable ink 5) intaglio (embossed) printing to be made more prominent.
At present, currency notes in denominations of Rs 5, Rs 10, Rs 20, Rs 50, Rs 100, Rs 500 and Rs 1,000 are issued. From April 1, 2014, the public will be required to approach banks for exchanging these notes. Banks will provide exchange facility for these notes until further communication," the RBI said.
From July 1, 2014, persons seeking exchange of more than 10 pieces of Rs 500 and Rs 1,000 notes will have to furnish proof of identity and residence to the bank.
What additional security features were introduced since 2005
1) weight and thickness of the paper increased 2) Colour of the security thread shall shift from green to blue when viewed from different angles. Width of thread will increase from 1.2 mm 3 mm. 3) Year of printing to be incorporated at the printing stage on the reverse ofthe bank note. 4)optically variable ink 5) intaglio (embossed) printing to be made more prominent.
·
What is vote on
account (interim budget) to be presented on 17th Feb
This year, a
vote-on-account would be presented instead of a full budget because general
elections will be conducted in May. Since the present government would not have
enough time in hand to vote for a full budget before the commencement of the
new financial year, a vote-on-account would ensure that sufficient funds are at
the disposal of the government to allow it to run the administration of the
country until a new government takes over. What is vote-on-account? >
Vote-on-account deals only with the expenditure side of the government's
budget. The government gives an estimate of funds it requires to meet the
expenditure that it incurs during the first three to four months of an election
financial year until a new government is in place.
Fiscal & revenue deficit
The difference between total revenue and total expenditure of the government is termed as fiscal deficit. It is an indication of the total borrowings needed by the government. While calculating the total revenue, borrowings are not included.
DEAR STUDENTS
RESULT OF IBPS CLERK DECLARED : PLEASE CHECK AND ADVISE THE OUTCOME
CONGRATULATIONS AND HAPPY NEW YEAR
THE FOLLOWING STUDENTS HAVE REPORTED THEIR SUCCESS IN THE EXAM
1) Shri Shailendra Hanumantaiya
2) Miss Anu Singh
3) Miss Rachana Neema
4) Miss Madhurima Kaushal
5) Miss Ishika Jain
6) Miss Varsha Rochwani
7) Miss Purva Gupta
8) Miss Yogita Torani
9) Miss Preeti Thote
IBPS PO
Expected Interview questions (Other than from your personal
and educational and native background)
As on 1st Jan 2014
Be prepared for all questions
arising out of these issues/incidents.
Important headlines
of newspapers last week.
1) AAP
government formation in delhi 2)Review
of adarsh scam report rejection by maharashtra Govt. 3) Court verdict on
Narendra modi’s involvement in gujrat riots 4) Michael shumacker’s accident 5) Demise of actor Forooque Shaikh. Important
events last month.
1) LOKPAL
bill 2) Results of 5 vidhan sabhas
elections 3) Emergence of AAP as a
formidable force in politics. 4) Devyani Khobragade’s case 5) SC’s verdict on
homosexuality.
Important events last
year. (National)
1) LOKPAL
bill passed 2) Indian mission to Mars 3) Creation of Telangana 4) Food Security
bill 5) Sachin’s retirement and Bharat ratna award
Important events last year (International)
1) US
Spying disclosures by Edward Snowden 2) Change of Pope at Vatican
city 3)US- Iran Nuclear deal 4) US
shutdown and payment crisis 5) Syria
crisis over use of Chemical weapon.
Important persons of the year (National)
1) Arvind
Kejriwal 2) Narendra modi 3) Raghuram
rajan 4) Sachin Tendulkar 5) Anna Hajare
Important persons of the year (International)
1)Edward Snowdan 2) Pope Francis 3) Hasan Rouhani , President of Iran.
4)Barack Obama 5) vladimir
putin .
Five influential ladies in the world.
1) Angela
Markel , Chancellor Germany.
2) Hillary Clinton, ex. Foreign minister US 3) Dilma Rouseff, President
Brazil 4) Mishell obama 5) Melinda gates
.
Five influential ladies (India).
1) Sonia
Gandhi 2) Chanda Kochar 3) Shikha sharma
4) Chitra subramaniam 5) Naina lal Kidwai.
Other decisions/ events which influenced India.
1) Supreme
court decisions- a) recriminalisation of homosexuality b) provision of NOTA in
elections. C) Debarring MPs / MLAs who were convicted from the court. d) Declaring CBI
formation invalid e) adhar card
can not be made mandatory for any Govt. scheme benefit.
2) Uttarakhand
tragedy
3) Direct
benefit(subsidy) transfer
4) New
alliances in Airlines, Jet –ETIHAD deal, Tata – airasia deal, Tata Singapur
airlines deal.
5) Land
acquisition bill
Major BANKING and Economic events
1)
Bharatiya Mahila Bank
2)
Shri Raghuram rajan
appointed RBI Governor.
Important policy decisions by
Raghuram rajan. 1) concessional currency swap windows for banks 2) Gradual reversal
of MSF/Bank rate hike 3) Five pillars of banking reforms 4) New Foreign bank policy
announced. 5) Free branching policy to open banks without RBI permission.
3)
New Private bank licenses under process.
4)
Gold import duty increased, Gold loan restricted to control CAD.
5)
Free fall of rupee and exchange rate crisis.
