IBPS PO interview



                                                 

                                          IBPS PO INTERVIEW 


What is the job profile of an Probationary officer in the bank
Probationary officer is an entry level position in bank’s management. Hence he is  also called management trainee or  officer trainee in some banks. During training or probation he/she has to take up  various assignments given to him by  their managers. He is also deployed across various departments of the bank to gain exposure in  operations and working of bank. He is groomed as  a future manager and is expected to provide effective leadership to the bank .

What are the qualities required of a successful officer in the bank.
1)      Willing to take up any work, task or challenge.
2)      Should be an effective team leader, well informed and a good communicator
3)      Should have analytical and logical approach toward problem solving
4)      Always willing to learn ,  positive ,proactive and innovative.
5)      Should have good job knowledge.
6)      Sincere and dependable.

why should we select you .

I feel ,  I am one of the most suitable candidate for this job.

I targeted this job and aspired nothing else. Hence I will put my 100% into it . the wholehearted involvement always gives good results .

 I have always been a sincere and dependable person , be at home or in my friend circle. I communicate well with the people around me. I believe in team work and never feel shy of taking initiative.

What are your strengths

I am very committed person. Once I take up a job or a responsibility , i meticulously perform  it  to its conclusion.

I am very social person .Meeting people, making friends  and maintaining relations is part of my nature. I never feel alone and derive my strength from my circle of friends.

I am a firm believer of “ work while you work and play while you play” attitude.  It increases my output and satisfaction.

Yoga is my strength . I regularly practice yoga , which keeps my body and mind healthy.

My hobby (listening music ) is my strength. It gives me a lot  of relaxation and energy to rededicate myself to work.

Why you want to join banking sector.    

It is the fastest growing sector in our country,  as evident by  the mass recruitment and expansion exercise undertaken by banks in last 5 years. Good salary,  well defined career path and corruption free working atmosphere.


With the financial inclusion agenda on hand and schemes like jan dhan yojana,  banking sector will continue to grow in future and will offer good career opportunities and growth to its employees.

The concept of Banking fascinates me because of  its great service to the mankind. It matches idle money to the idle entrepreneurship . Jointly both work wonders but individually they can not move to each other. Some body has to take risk , banks do it but  No party feels obliged . Depositor demands interest ,  borrower repay at his comfort (some times don’t pay at all). Bank in between has to earn for both , self and depositors . Then there are  RBI rules , norms , provisions , restrictions , regulations, Govt. expectations. The whole scenario is very challenging . I want to feel it live and wish to contribute my little bit to it.

Other sectors are giving better packages than banks.
Banks also offers good packages if we include all other facilities like residential accommodation, allowances, perks, medical facilities , concessionary loans etc. Initial packages in IT companies for a fresh engineer is around 3 to 4 lac, which is comparable to a bank clerk’s  initial package. Whereas an entry level officers gets nearly 5-6 lac  in terms of  total cost to bank.

It is possible to grow faster  in terms of financial packages in private sector (specially IT)  by frequently switching over companies but risk of loosing job  for no fault of employee also exists. One may loose job on account of Global recession or  company’s shut down  or merger etc.  Banking sector depends mostly on domestic business and is  closely supervised and  controlled by RBI , Finance ministry and Internationally accepted  financial practices , hence banking job is more stable and offer a more peaceful constructive and objective environment  to its employee to serve the bank with his (employee’s) full potential.


Why Engineering to banking

Now a days engineering graduates are passing out in large numbers while the opportunities for fresh engineers has not increased proportionately. There was a transient boom in the software industry which absorbed engineers from all subjects , that also has receded now. Therefore after initial attempts in our  core jobs , we need to think of other options and when we look around, a stable, fast expanding banking sector with its massive recruitment exercises over the years  becomes  the obvious choice .

Private sector vs  public sector bank. 

I would prefer public sector because it serves a bigger purpose of  nation building. It earns profit to serve people while private banks serve people to earn profits.   If we look at jan dhan yojana  private sector 13 banks opened only 38 lacs accounts while public sector banks opened 11.12 crore accounts . I don’t consider banking as business only. I believe in  SBI’s slogan “Pure banking , nothing else “, (it applies to all public sector banks) which protects a bank against short term unethical  practices.

Tell us about yourself  

Sir, I am xyz  from Ujjain, I am an engineering graduate in Electronics and communications  from Mahakal institute of technology Ujjain .

My father is a banker , presently he is posted as ………….. in  ……….branch of  abc bank. My favourite pastime is listening music , watching movies and  reading  lighter novels.
       
My strength is  self confidence, honesty, punctuality and easy to mold  in any kind of situation. My weakness is am little bit scare until completion of  work.


 Holy city Ujjain.

(The State Government had declared Ujjain, Amarkantak, Omkareshwar and Maheshwar as holy cities in 2004-05 while Orchha, Maihar and Chitrakoot were declared as holy cities in 2005-06. The Government has decided to keep these cities absolutely clean and impose ban on consumption eggs, fish and meat in these towns.) The ancient city of Ujjain has been declared a “holy city” but official sources said the restriction on sale of liquor and meat would be enforced only during the month-long Simhasth Kumbh Mela scheduled to take place between April and May. Ujjain will host the festival after 12 years.)



Companies act 2013

The 2013 Act introduces significant changes in the provisions related to
governance, e-management, compliance and enforcement, disclosure
norms, auditors and mergers and acquisitions. Also, new concepts such
as one-person company, small companies, dormant company, class
action suits, registered valuers and corporate social responsibility have
been included.
                               RBI’s  banks rating system – CAMELS
The Reserve Bank of India (RBI) has decided to change the way it monitors and supervises banks in order to make the process more forward-looking. The move comes against the backdrop of the risks that have emerged after the global financial crisis of 2008, with lenders shifting from offering traditional products to more complex ones.
The country’s financial sector would now be evaluated under a dynamic risk-based mechanism, an aspect the present CAMELS rating system lacked, central banking sources said. RBI proposes to replace CAMELS with INROADS (Indian Risk-Oriented and Dynamic Rating System) from the next round of annual financial inspection, in 2013.
At present, the central bank uses the CAMELS (Capital adequacy, Asset quality, Management, earnings, Liquidity, and Systems and control) method, to assign ratings to Indian banks. CAMELS, which goes from A+ to D is assigned to a bank while finalising the annual financial inspection (AFI) report.
CHANGING TACK
The changing landscape of banking supervision
  • CAMELS rating system to be phased out, as it lacks forward-looking assessment and merely represents banks’ performance
     
  • New system, INROADS, to capture the risks that may cause a bank to fail
     
  • Annual Financial Inspection report to be fast-tracked
     
  • Single-point contact at RBI to bridge regulatory gap
     
  • Information-sharing agreements with overseas regulators on cards
RBI has argued that the present form of rating captures only a few risk elements and represents a bank’s past-year performance. Besides, RBI is of the view, the present rating does not capture the risks that could cause a bank to fail.
According to sources, some of the broader risks, such as credit risk, operational risk, and strategic and business group risk, increase the probability of a bank’s failure.
In addition, the process of annual financial inspection has been expedited and it is now proposed that banks should address the areas of concern mentioned in AFI during a particular year. In a given year, AFI is undertaken for the previous year, and significant delays were noticed last year.
A high-level steering committee for the review of supervisory processes for banks, set up by RBI under the chairmanship of Deputy Governor K C Chakrabarty, has suggested the changes in the supervisory approach. Most of the suggestions have been accepted by the central bank.
The banking regulator is also entering into mutual regulatory cooperation agreements with regulators of other countries to extract information about Indian banks operating overseas and vice versa. RBI has already signed an agreement with 14-15 countries and is in talks with the US – a country where a majority of Indian banks have presence. Sources said since the US had three federal banking supervisors, the process might take some time.
The central bank is also planning to create a single-point contact for each bank in order to plug the regulatory lacuna. “It is quite often the case that information about a bank with one department of RBI is not known to other departments. So, a single-point contact will be created for each banks,” a source said.



BHARAT RATNA  

Bharat Ratna (Hindi: भारत रत्‍न, Hindi pronunciation: [bʰaːrt̪ rt̪ n]; Jewel of India)[3] is the highest civilian award of the Republic of India. Instituted on 2 January 1954, the award is conferred "in recognition of exceptional service/performance of the highest order". he award was originally limited to achievements in the arts, literature, science and public services but the government expanded the criteria to include "any field of human endeavour" in December 2011. Recommendations for the Bharat Ratna are made by the Prime Minister to the President, with a maximum of three nominees being awarded per year. Recipients receive a Sanad (certificate) signed by the President and a peepal-leaf–shaped medallion; there is no monetary grant associated with the award.An image of the Sun along with the words "Bharat Ratna", inscribed in Devanagari script, on a peepul leaf.
The first recipients of the Bharat Ratna were politician C. Rajagopalachari, scientist C. V. Raman and philosopher Sarvepalli Radhakrishnan, who were honoured in 1954. The original statutes did not provide for posthumous awards but were amended in January 1955 to permit them. In 1966, former Prime Minister Lal Bahadur Shastri became the first individual to be honoured posthumously. In 2014. cricketer Sachin Tendulkar, aged 40, became the youngest recipient. Though usually conferred on Indian citizens, the Bharat Ratna has been awarded to one naturalised citizen, Mother Teresa in 1980, and to two non-Indians, Pakistan national Khan Abdul Ghaffar Khan in 1987 and former South African President Nelson Mandela in 1990.
In 1992, the government's decision to confer the award posthumously on Subhash Chandra Bose met with controversy. Due to the debate surrounding Bose's death, the "posthumous" mention of Bose was much criticised, and his family refused to accept the award. Following a 1997 Supreme Court decision, the press communiqué announcing Bose's award was cancelled; it is the only time when the award was announced but not conferred.
On 2 January 1954, a press communique was released from the office of the secretary to the President of India announcing the creation of two civilian awards—Bharat Ratna, the highest civilian award, and the three-tier Padma Vibhushan, classified into "Pahela Warg" (Class I), "Dusra Warg" (Class II), and "Tisra Warg" (Class III), which rank below the Bharat Ratna.[4] A year later on 15 January 1955, the Padma Vibhushan was reclassified into three different awards; the Padma Vibhushan, the highest of the three followed by the Padma Bhushan and the Padma Shri.[5]
The award was briefly suspended twice in its history.[13] The first suspension occurred after Morarji Desai was sworn in as the fourth Prime Minister of India in 1977. His government withdrew all personal civil honours on 13 July 1977 and past recipients were asked not to use the awards as a title.[14][15] The suspension was rescinded on 25 January 1980 after Indira Gandhi again became the Prime Minister.[16] The civilian awards were suspended again in mid-1992 when two Public-Interest Litigations were filed, one in the Kerala High Court and another in the Madhya Pradesh High Court, challenging "the constitutional validity" of the awards.[13] The awards were reintroduced by the Supreme Court of India in December 1995 following the conclusion of the litigation.[15][17]
The holders of the Bharat Ratna rank 7th in the Indian order of precedence.[22]

Rank
Persons
1
2
3
4
5
5A
6
7

Naturalization (or naturalisation) is the legal act or process by which a non-citizen in a country may acquire citizenship or nationality of that country. It may be done by a statute, without any effort on the part of the individual, or it may involve an application and approval by legal authorities.

·  Per Article 18 (1) of the Constitution of India: Abolition of titles, "no title, not being a military or academic distinction, shall be conferred by the State".[21]
·  In 1960, Ramachandran was awarded the Padma Shri, the fourth highest civilian award, but declined as the invitation was written in the Devanagari script and not Tamil.[50]
·  Desai had earlier abolished the awards while he was in the office of Prime Minister for it being "worthless and politicized".[55]
·  Earlier, Abul Kalam Azad had refused the Bharat Ratna while he was Education Minister of India (1947–58) citing that the selection committee members should not themselves be recipients.[57][58][59]
Independent India saw the introduction of awards such as Param Vir Chakra, Maha Vir Chakra, Ashoka Chakra, Shaurya Chakra.Param Vir Chakra (PVC) is the highest gallantry award for officers and other enlisted personnel of all military branches of India for the highest degree of valour in the presence of the enemy.  

Here is the list of bharat ratna award winners.

No.
Name
Birth Year
Death Year
Awarded Year
About
1
Shri Chakravarti Rajagopalachari
1878
1972
1954
Independence Activist, Last Governor General
2
Sir C.V Raman
1888
1970
1954
Physicist , Nobel Prize Winner ( 1930 )
3
Sarvepalli Radhakrishnan
1888
1975
1954
Philosopher, India’s First Vice President (1952-1962), and India’s Second President(1962-1967)
4
Bhagvan Das
1869
1958
1955
Independence activist, author
5
Mokshagundam Visvesvarayya
1861
1962
1955
Civil engineer, Diwan of Mysore
6
Jawaharlal Nehru
1889
1964
1955
Independence activist, author, First Prime Minister (1947-1964)
7
Govind Ballabh Pant
1887
1961
1957
Independence activist, Chief Minister of Uttar Pradesh, Home Minister
8
Dhondo Keshav Karve
1858
1962
1958
Educator, social reformer
9
Bidhan Chandra Roy
1882
1962
1961
Physician, Chief Minister Of West Bengal
10
Purushottam Das Tandon
1882
1962
1961
Independence activist, educator
11
Rajendra Prasad
1884
1963
1962
Independence activist, jurist, First President (1950-1962)
12
Zakir Hussain
1897
1969
1963
Independence activist, Scholar, Third President (1967-1969)
13
Pandurang Vaman Kane
1880
1972
1963
Indologist and Sanskrit scholar
14
Lal Bahadur Shastri
1904
1966
1966
Posthumous, independence activist, Second Prime Minister (1964-1966)
15
Indira Gandhi
1917
1984
1971
Third Prime Minister (1980-1984)
16
V.V. Giri
1894
1980
1975
Trade unionist and Fourth President (1969)
17
K. Kamaraj
1903
1975
1976
Posthumous, independence activist, Chief Minister of Tamil Nadu State
18
Mother Teresa
1910
1997
1980
Catholic nun, founder of the Missionaries of Charity
19
Vinoba Bhave
1895
1982
1983
Posthumous, social reformer, independence activist
20
Khan Abdul Gaffar Khan
1890
1988
1987
First non-citizen, independence activist
21
M.G. Ramchandran
1917
1987
1988
Posthumous, film actor, Chief Minister of Tamil Nadu
22
B.R. Ambedkar
1891
1956
1990
Posthumous, chief architect of the Indian Constitution, politician, economist, and scholar
23
Nelson Mandela
1918
2013
1990
Second non-citizen and non-Indian recipient, Leader of the Anti-Apartheid movement
24
Rajiv Gandhi
1944
1991
1991
Posthumous, Sixth Prime Minister (1984-1989)
25
Vallabhbhai Patel
1875
1950
1991
Posthumous, independence activist, first Home Minister(1947-1950)
26
Morarji Desai
1896
1995
1991
Independence activist, fourth Prime Minister(1977-1979)
27
Abdul Kalam Azad
1888
1958
1992
Posthumous, independence activist, first Minister of Education
28
J. R. D. Tata
1904
1993
1992
Industrialist and philanthropist
29
Satyajit Ray
1922
1992
1992
Bengali Filmmaker
30
A.P.J. Abdul Kalam
1931

1997
Aeronautical Engineer,11th President of India
31
Gulzarilal Nanda
1898
1998
1997
Independence activist, interim Prime Minister
32
Aruna Asaf Ali
1908
1996
1997
Posthumous, independence activist
33
M.S. Subbulakshmi
1916
2004
1998
Carnatic classical singer
34
Chidambaram Subramaniam
1910
2000
1998
Independence activist, Minister of Agriculture
35
Jayaprakash Narayan
1902
1979
1999
Posthumous, independence activist and politician
36
Ravi Shankar
1920
2012
1999
Sitar Player
37
Amartya Sen
1933

1999
Economist
38
Gopinath Bardoloi
1890
1950
1999
Posthumous, independence activist, Chief Minister of Assam
39
Lata Mangeshkar
1929

2001
Playback singer
40
Bismillah Khan
1916
2006
2001
Hindustani Classical Shehnai Player
41
Bhimsen Joshi
1922
2011
2008
Hindustani Classical Singer
42
Sachin Tendulkar
1973

2014
Indian Cricketer, First Sportsman and Youngest Indian who got Bharat Ratna,
43
Prof. C.N.R Rao
1934

2014
Indian Scientist
44
Pt. Madan mohan malviya


2014

45
Atal Bihari Bajpai


2014


Prime ministers –  Atal Bihari bajpai, Guljarilal Nanda, Rajiv Gandhi, Indira Gandhi, Jawaharlal Nehru, Lal bahadur shastri , Morarji Desai
Presidents –  APJ Abdul kalam, S. Radhakrishnan, VV Giri, Dr. Rajendra Prasad, Zakir hussain
Lady receipients –  Lata Mangeshkar, M S Shubhlaxmi, Indira Gandhi, Mother teresa , Aruna asaf ali
Artists – Bhimsen joshi, Ravishankar ,Bismillah khan
Film personality-  MG Ramchandran, Satyajit ray.
Foreign nationals – Nelson Mandela, Khan abdul gaffer khan
Foreign born Indian national – Mother teresa.

The Saradha Group financial scandal  was a major financial scam and political scandal caused by the collapse of a Ponzi scheme run by Saradha Group, a consortium of over 200 private companies that was believed to be running collective investment schemes popularly but incorrectly referred to as chit funds.[1][2][3] in Eastern India.[4]
The group collected around INR200 to 300 billion US$4–6 billion[5][6] from over 1.7 million depositors[7] before it collapsed in April 2013.
A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. The scheme is named after Charles Ponzi,[2] who became notorious for using the technique in 1920.
Like all Ponzi schemes, Saradha Group promised astronomical returns in fanciful but credible investments.[36] Its funds were sold on commission by agents recruited from local rural communities. Between 25 and 40% of the deposit was returned to these agents as commissions and lucrative gifts to quickly build up a wide agent pyramid.[37] The group used a nexus of companies to launder money and evade regulators.[38]
SEBI first confronted Saradha Group in 2009. Saradha Group adapted by opening up to 200 new companies to create more cross-holdings. This created an extremely complex tiered corporate structure to confound SEBI by hampering their ability to consolidate blame.[41] SEBI persisted in its investigation through 2010.[42] Saradha Group reacted by changing its methods of raising capital. In West Bengal, Jharkhand, Assam and Chhattisgarh, it began operating variations of collective investment schemes (CIS) involving tourism packages, forward travel and hotel booking timeshare credit transfer, real estate, infrastructure finance, and motorcycle manufacturing. With other investors, the investment was fraudulently sold in the form of a chit fund. Under the Chit Fund Act (1982), chit funds are regulated by state governments rather than SEBI.
SEBI warned the state government of West Bengal about Saradha Group's chit fund activities in 2011,[47] again prompting Saradha Group to change its methods. SEBI was able to classify the group's activities as collective investment schemes rather than chit funds—and demanded that it immediately stop operating its investment schemes until it received permission to operate from SEBI.[47] Saradha Group did not comply with this ruling and continued to operate until its collapse in April 2013.
Parliament clears Sebi Bill to tackle Ponzi schemes : Tue, Aug 12 2014.

Parliament on Tuesday approved legislation aimed at giving the Securities and Exchange Board of India (Sebi) more powers to crack down on frauds such as Ponzi schemes and to protect investors, but stopping short of arming it with the right to tap phones and conduct searches without court approval.

The bill was brought against the backdrop of thousands of small investors being duped by fraudulentinvestment schemes like the Rs.2,000-crore scam in West Bengal involving the Saradha Group, a deposit-taking firm, that came to light last year. Following the collapse of Saradha Group in April 2013, the Union government constituted inter-ministerial group to look at ways to plug regulatory loopholes around such so-called multi-level marketing or pyramid schemes.

The new powers will help Sebi recover dues from defaulters, search premises and seize documents relevant to any violation of capital markets laws. They will also allow Sebi to access call data records in insider trading investigations


Let SEBI oversee chit funds till regulator is put in place: Sinha .

The Securities and Exchange Board of India has sought powers to regulate chit funds and nidhi companies (mutual benefit societies) till a regulator for these outfits is put in place.
At present, chit funds are regulated by State Governments , and nidhi companies by the Ministry of Corporate Affairs. He said such an arrangement would bring chit funds and nidhi companies under SEBI, enabling the regulator control the mushrooming of such funds that lure people by offering high rates of return only to vanish.
What is a Non-Banking Financial Company?
A Non-Banking Financial Company (NBFC) is a company a) registered under the Companies Act, 1956, b) its principal business is lending, investments in various types of shares/stocks/bonds/debentures/securities, leasing, hire-purchase, insurance business, chit business, and c) its principal business is receiving deposits under any scheme or arrangement in one lump sum or in installments. However, a Non-Banking Financial Company does not include any institution whose principal business is agricultural activity, industrial activity, trading activity or sale/purchase/construction of immovable property. (Section 45 I (c) of the RBI Act, 1934) . One key aspect to be kept in view is that the financial activity of loans/advances as stated in 45 I ( c) , should be for activity other than its own. In the absence of this provision, all companies would have been NBFCs.
What are systemically important NBFCs?
NBFCs whose asset size is of Rs.100 cr or more as per last audited balance sheet are considered as systemically important NBFCs. The rationale for such classification is that the activities of such NBFCs will have a bearing on the financial stability in our country.
What kind of specific financial companies are regulated by RBI?
The Reserve Bank of India regulates and supervises Non-Banking Financial Companies which are into the business of (i) lending (ii) acquisition of shares, stocks, bonds, etc., or (iii) financial leasing or hire purchase. The Reserve Bank also regulates companies whose principal business is to accept deposits. (Section 45I (c) of the RBI Act, 1934).
Some financial businesses have specific regulators established by law to regulate and supervise them, such as, IRDA for insurance companies, Securities Exchange Board of India (SEBI) for Merchant Banking Companies, Venture Capital Companies, Stock Broking companies and mutual funds, National Housing Bank (NHB) for housing finance companies, Department of Companies Affairs (DCA) for Nidhi companies and State Governments for Chit Fund Companies.
What is an NBFC-MFI?
Ans. An NBFC-MFI is defined as a non-deposit taking NBFC (other than a company licensed under Section 25 of the Indian Companies Act, 1956) with Minimum Net Owned Funds of Rs.5 crore (for NBFC-MFIs registered in the North Eastern Region of the country, it will be Rs. 2 crore) and having not less than 85% of its net assets as “qualifying assets”.
NBFCs are doing functions similar to banks. What is difference between banks & NBFCs ?
NBFCs lend and make investments and 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 and settlement system and cannot issue cheques drawn on itself;
iii. deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs, unlike in case of banks.
Please explainthe terms ‘owned fund’ and ‘net owned fund’ in relation to NBFCs?
‘Owned Fund’ means aggregate of the paid-up equity capital , preference shares which are compulsorily convertible into equity, free reserves , balance in share premium account and capital reserves representing surplus arising out of sale proceeds of asset, excluding reserves created by revaluation of asset, after deducting therefrom accumulated balance of loss, deferred revenue expenditure and other intangible assets.'Net Owned Fund' is the amount as arrived at above, minus the amount of investments of such company in shares of its subsidiaries, companies in the same group and all other NBFCs and the book value of debentures, bonds, outstanding loans and advances including hire purchase and lease finance made to and deposits with subsidiaries and companies in the same group, to the extent it exceeds 10% of the owned fund.
India shares its boundaries with  6 countries like China, Pakistan , Burma (Myanmaar),Bhutan, Bangla desh , Nepal .
Madhya Pradesh State border touches 5 state: Gujarat, Rajasthan, Uttar Pradesh, Chattisgarh & Maharashtra.
On 1st November 2000, the south-eastern portion of the state was split to form a new State of Chhattisgarh. Thus, the present Madhya Pradesh State came into existence, the 2nd largest state in the country, spread over a geographical area of about 308 lakh Ha. Madhya Pradesh, with an area of 3, 08, 000 sq.km. is the second largest state in India after Rajasthan.

Public Services Delivery Guarantee Act 2010

 The Madhya Pradesh Public Ser vices Guarantee Act, 2010 is the first-of-its- kind in the country guaranteeing the delivery of public services to citizens in a stipulated time frame. Act wins UNPSA award for 2012 The Act has received the United Nations Public Service Award (UNPSA) for 2012 in the category'improving the delivery of Public Services', The state bagged the prestigious award from among 483 nominations from 73 countries. The United Nations Public Service Award is aprestigious international recognition of excellence in public service.

Mukhyamantri Teerth Darshan Scheme

Mukhyamantri Teerth Darshan Scheme is yet another example of the state's sincere concerns for providing support to its citizens in every possible manner. This unique scheme facilitates visits of senior citizens of any religion to religious places of his/her choice on the State Government expenses.

Beti Bachao Abhiyan 

Beti Bachao Abhiyan is an initiative taken by the Government of Madhya Pradesh under the personal stewardship of the Chief Minister Shri Shivraj Singh Chouhan.
The campaign is aimed at arresting the declining sex ratio, which is a serious problem with far reaching social ramifications and at eliminating discrimination against girls in the society.
The Chief Minister himself visited several places to meet people and motivate them to end the abominable practice of female foeticide. Many activities have been carried out under this campaign for educating people about the importance of saving the girl child for a healthy gender balance in the society.

PANCHAYATS" Direct Dialogue with Different Groups of Society


The State Government has made its best efforts to reach the last person of the society by way of organising panchayats.
In a path-breaking and special initiative by the Chief Minister, dialogues were held with different groups of prospective stakeholders on development issues. So far 24 Panchayats have been organised : Labourers, Cycle Rickshaw Pullers, Mandi Hammals, Vendors, Fishermen, Physically Disabled, Senior Citizens, Maid Servants, Women, Farmers, Sportspersons, Students, Artisans & Small Scale Entrepreneurs

Laadli Laxmi Yojna

This scheme was started in the year 2006 with an objective to lay strong foundation of girls' future through improvement in their educational and economic status and to bring about a positive change in social mind set towards birth of a girl. Under the scheme, National Savings Certificates worth Rs. 6 thousand are purchased by the State Government in the name of a girl every year after she is born till the amount reaches Rs. 30,000. The girl covered under the scheme is given Rs. 2 thousand on getting admission in class VI, Rs. four thousand on getting admission in class IX and Rs. 7,500 on admission in class XI.
She is given Rs. 200 per month during her studies in class XI and XII. When the girl attains the age of 21 and had not married before 18 years of age, she will be paid the amount at one time, which comes to Rs. one lakh. The benefit of the scheme is extended to the parents, who adopt family planning after two alive children and are registered in anganwadi centre and are not income tax payers.

Mukhyamantri Kanyadan Yojna

he scheme has been launched at the initiative of Chief Minister Shri Shivraj Singh Chouhan. The objective is to provide financial help to poor, needy, destitute families for marrying off their daughters/widows/divorcees. Under the scheme, assistance of Rs. 15,000 is given for house hold items and the mass marriage expenditure. This assistance is given in mass marriages with the condition that the girl must have attained the age of 18 years.

 23rd January 2016.  NEWS HIGHLIGHTS

  • Subhash Chandra Bose – 119th birth anniversary.  100 confidential files about Subhash Chandra bose will be made public today.
  • Subhas Chandra Bose was born on January 23, 1897 in Cuttack, Orissa.  Achievements: Passed Indian Civil Services Exam; elected Congress President in 1938 and 1939; formed a new party All India Forward block; organized Azad Hind Fauj to overthrow British Empire from India. Subhas Chandra Bose, affectionately called as Netaji, was one of the most prominent leaders of Indian freedom struggle. Though Mahatma Gandhi and Jawaharlal Nehru have garnered much of the credit for successful culmination of Indian freedom struggle, the contribution of Subash Chandra Bose is no less. He has been denied his rightful place in the annals of Indian history. He founded Indian National Army (Azad Hind Fauj) to overthrow British Empire from India and came to acquire legendary status among Indian masses.
  • Modi flags off  Mahamana express from Varanasi to Delhi . Mahamana was the title given to pt madan mohan malviya , who established Banares hindu university. He was also awarded with  Bharat ratna along with Shri ATAL Bihari Vajpayee in 2015.
  • Latest figures on Jan Dhan Accounts -  On Jan 20 2016  total accounts opened 20.38 crores with deposits 30,638 crore in them. Zero balance account have come down from 76.81% on 30-9-15 to 32% at the end of December 15. Overdraft was sanctioned to 27 lakh beneficiary of which 12 lac have availed it.  8.7 crore account have been linked to Aadhar and 17.14 crore were issued Rupay cards.
  • Mrunalini Sarabhai -was an Indian classical dancer, choreographer and instructor. She was the founder of the Darpana Academy of Performing Arts, an institute for imparting training in dance, drama, music and puppetry, in the city of Ahmedabad. Mrinalini was born in Kerala on 11 May 1918,[3] the daughter of social worker and former parliament member Ammu Swaminathan. Her elder sister Lakshmi Sehgal was the commander-in-chief of Subhas Chandra Bose's 'Rani of Jhansi Regiment' of the Indian National Army ( Azad Hind Fauj).
  • She was and accomplished dancer of Bharat Natyam and Kathkali . She was awarded padmbhushan in 1992.
Dance form
State(s) of origin
Bharatanatyam
Tamil Nadu
Kathak
Northern India (Uttar Pradesh)
Kathakali
Kerala
Kuchipudi
Andhra Pradesh
Manipuri
Manipur
Odissi
Odisha

  • Husband Dr. Vikram sarabhai famous scientist and physicist, was an Indian scientist and innovator widely regarded as the father of India's space programme. The Vikram Sarabhai Space Centre  is a major space research centre of the Indian Space Research Organisation (ISRO), focusing on rocket and space vehicles for India's satellite programme.[1] It is located in Thiruvananthapuram, in the Indian state of Kerala.
  • Daughter - Mallika Sarabhai  is an activist and accomplished Kuchipudi and Bharatanatyam dancer[1] and performer who has specialized in using the arts for social change and transformation.

25th Jan. – National voters day. Eligibility age for casting vote is 18 years.
26th Jan. – National Republic day – 67th  republic day . Chief Guest – Francois Holland – France . Last year – Barrack Obama. Shinzo Abe – 2014.
What is a republic - a state in which supreme power is held by the people and their elected representatives, and which has an elected or nominated president rather than a monarch.

World GDP ranking – Nominal( India 7th )  – US 17.9 Tn dollar , China,11.3  Japan, 4.1 Germany 3.4, UK2.8, France2.4, India 2.2
World GDP ranking – PPP (India 3rd ) – China 19.5 Tn  dollar , US 18  , India 8.0

What is PPP – Purchasing power parity - is the number of units of a country's currency required to buy the same amount of goods and services in the domestic market as a U.S. dollar would buy in the United States.

Power of Aadhar no. – 14 million people of Chennai received Rs. 700 crore as flood relief through banks quickly and transparently. About 6 lac 30 thousand crore are distributed as various subsidies every year by the Government. 92% of Indian adults have Aadhar no. but its potential can not be fully tapped unless a bill is passed in parliament to give it a constitutional approval. Right now it is optional and can not be forced upon any citizen.

Self-Help Group (SHG) is a small voluntary association of poor people, preferably from the same socio-economic background. They come together for the purpose of solving their common problems through self-help and mutual help. The SHG promotes small savings among its members. The savings are kept with a bank. This common fund is in the name of the SHG. Usually, the number of members in one SHG does not exceed twenty.

 RBI asks banks to extend loans to women SHGs at 7% with a special subvention of 3% for those who pay in time.
In US , Oil may get cheaper than beer. Fuel may soon cost $1 per gallon (3.78 litre). Crude oil in international market has dipped to 28 $ per barrel from 147$ per barrel at the time of US crisis in 2008.
Reasons for Oil price crash – Increased oil production by the US, Improved technology to extract shale gas , US and Europe lifting ban on Iran, rivalry between Iran and Saudi Arabia, growing prospects of alternative green energy.
Four month long Ardh kumbh going on in Haridwar – 1 jan 2016 to 30 april 2016.
Start up India  Highlights – 1) No income tax on the start up company for three years. 2) Those who will invest in such start ups will get capital gain tax exemption. 3) No inspection or govt. interference for first three years. 4) 10000 crores fund will be setup to help new enterprises. 5) 500 crore credit guarantee fund. 6)80% rebate in patent cost. 7) Mobile app to register new start ups and easy exit norms.
Rohit Vemula – A research scholar in University of Hyderabad committed suicide after his suspension along with other students on account of their involvement in a violent protest and altercation with All India Vidyarthi parishad  members over Yakub menon’s  execution. Later on , Union labour minister Bangaru Dattatraya  wrote a letter to Smt. Smirti Irani , Union minister of Human resources , not to show any leniency to the suspended students . The issue was politicized as the suspended students were dalits and were members of  Ambedkar students Association.
Govt. will be able to adhere to current year’s fiscal deficit target of 3.9% of GDP with the help of upward adjustment  of fuel taxes and lesser  amount of subsidies bill on account of  falling crude oil prices in international market. Direct benefit transfer for LPG “PAHAL” and give it up scheme is also contributing to saving subsidy bill of the government. For the first time the Government is not forced to resort to expenditure cuts for achieving fiscal deficit target.
India shares its boundaries with China, Pakistan , Bangladesh , Myanmar , Nepal and Bhutan.   Pakistan (J&K, Punjab, Rajasthan, Gujrat )  China (J&K, Himachal Pradesh ,Uttarakhand , Sikkim, Arunachal Pradesh) Myanmar ( Arunachal pradesh , Nagaland, Manipur, Mijoram) Bangladesh ( Meghalaya, Asam , Tripura, west Bengal) .

 


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