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CurrentAffairsPDF:May2015
1.NATIONALINCOME
NOTE
* National income first time coined by -- Dadabai nauarji -- 1868
* First time scientific national income calcuated by -- V.K.R.V.Rao - 1931
a. National income is a flow not a stock concept
b. In india ,national income estimates are realted with financial year (1st april to 31st march)
c. GNP (Gross national product) - GNP refers to the money value of total output or
production of final goods and service produced by the national income during a given period
,i.e a year
GNP = GDP +(X-M)
* X= export GDP = Gross domestic product M= import
* If export = import or X=M
then GNP = GDP and it is a condition for a closed economy X=M=0
d. GDP(Gross domestic product) - It is the total money value of all goods and service
produced with in the geographical boundaries of the country during a given year
GDP = GNP -(X-M)*
e. NNP net national income _ NNP is obtained by substracting depreciation value from GNP
NNP = GNP - depreciation*
When NNP is obtained at factor cost , it is known as national income
f. NATIONAL INCOME (NI)-- National income is calculated by substracting the net indirect
taxes form NNP at market prices
g. NNP at Factor cost or NI -- NNP at Market prices - indirect taxes + subsidies
h. NNP at Market prices -- NNP at fator cost + indirect taxes - subsidies
i. GNP at Market prices -- GDP at market prices + NET factor income earned from abroad
j. NNP at Market prices -- GNP at market prices - consumption of fixed capital
k. Per capital income _N.I.at constant prices / population*National income estmates by
various departments & established as per time sense
1.
2.
3.
4.
5.
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6.
7.
8.
2.INFLATION
"General increase in prices and fall in the purchasing value of money"
at the time of inflation
National income > Economy
Demand > Supply
Buyers > Sellers
Moneysupply > Goods & Services
* Note _ It is opposite applicable to Deflation
inflation gap _ short term as well as long term
Deflation gap _ short term as well as long term gap
* Short term _ Will boost for both buyers , sellers benefits for short term inflation
Long term -- faces more problem
Inflation measurement _
* It was measured by ministry of statictics and program implementation --CSO
RATES
0-3% -- Creeping infaltion
3-7% -- Walking inflation
7-9% -- Running inflation
>10% -- Hyper infaltion
*NOTE _ 4% of infaltion called -- comfort zone inflation(CZI)*
Methods to measure inflation
1. METHOD - 1
CPI & WPI -- CPI -- Basket of 576 items __ average of consumer goods
WPI -- Basket of 678 items _ Average of consumer goods + capital goods
2. METHOD - 2
Comparison method or base year method -- comparing the present goods value with the base
year value goods
3. METHOD - 3
Inflation rate method :
(Pin)- (Pin-1)/(PIN-1)
-->(Pin-1)-- previous year (2014-15)--100 value
--> Pin -- present year (2015-16)--200 value
200-100/100*100-- 100% raise
Deflation--is a decrease in the general price level of goods and services.
Disflation--is a decrease in the rate of inflation a slowdown in the rate of increase of the
general price level of goods and services in a nation's gross domestic product over time
Reflation-- is the act of stimulating the economy by increasing the money supply or by
reducing taxes, seeking to bring the economy,back up to the long-term trend
Stag flation-- is a situation in which the inflation rate is high, the economic growth rate slows
down, and unemployment remains steadily high.
Depression --is a sustained, long-term downturn in economic activity in one or more
economies
Recession--temporary economic decline during which trade and industrial activity are
reduced, generally identified by a fall in GDP in two successive
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Cost-push Inflation- General prices of goods and services in the economy rises due to an
increase in production cost. Such types of Inflation are caused by three factors (i) an increase
in wages, (ii) an increase in profit and (iii) imposition of heavy tax.
Demand- pull inflation -The most common cause of inflation is the pressure of ever-rising
demand on a less rapidly increasing supply of goods and services. The expansion in aggregate
demand may be the result of rapidly increasing private investment and/or spending
government money for war or for economic development.
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SAVING ------NO
CURRENT--- no time period
RECURRING-- 6 months , 10 years
FIXED -- 7DAYS / NOW 14 DAYS -- 10 YEARS
FLEXI --6 months upto a maximum of 5 years.
5. NPAs__ 90 DAYS
BAD LOANS
Customer does not pay re installments/ repayments called as NPAs
upto --90 days -- overdue NPAs
90 days --1 year -- Substandard NPA
1 year -- 3 years -- Doubtful NPA
>> 3 Years -- confirmed NPA/Bad debt NPA
6. GOVT Securities
3.Agriculture
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Agriculture comes under primary sector like agriculture , forestry , fisheries , farming ,grazing,
extracting of oil & gas , mining , quarrying ,hunting , gathering etc are all comes under primary
sector .
Primary sector contributes --65% labour work force , 21% in earning for indian economy
share of agriculture in national income -- 14.3 % of gdp
Second Green Revolution: It aims at efficient use of resources and conservation of soil, water and
ecology on sustainable basis and in a holistic framework.
Agricultural crops divided based on seasons
KHARIF -- sown around April & harvesting begins October
KHARIF Crops:millet and rice Maize ,Mung bean (green gram) ,Urad bean (black gram)
RABI --sown around mid-November & harvesting begins in April/May
Rabi Crops: Wheat, mustard,barley,Maize ,Gram ,Onion ,Tomato Potato ,Oat
Agricultural crops divided into 2 groups
Food grains _ Wheat, rice , jowar , bajra, maize, pulses
Non- food grains _include cash crops like oil seeds , sugar cane cotton , jute etc
*Commerical crops -- cotton , sugar , jute , tea, coffee
various crops and largest producing states _ Top-3 states 2014-15
1.Food grains
RICE westbengal,uttarpradesh,andhrapradesh
wheat -- uttarpradesh, punjab , harayana
Maize -- karnataka , andhrapradesh , maharastra
Cereals -- rajasthan , karnataka , maharastra
Pulses -- madhyapradesh , uttarpradesh , rajsthan
*Total food grains production -- Uttarpradesh , punjab, ,madhyapradesh
2.Oil seeds
Ground nut-- Gujarat , tamilnadu , andhrapradesh
Rapeseed & mustard -- rajsthan , madhya pradesh , harayana
Soyabean-- madhyapradesh , maharastra, rajasthan
Sunflower -- karnataka, andhrapradesh, maharastra
*Total oilseeds_ madhyapradesh , rajsthan, gujarat
various crops and largest producing states _ Top-3 states 2014-15
1. Food grains
RICE -- westbengal,uttarpradesh,andhrapradesh
wheat -- uttarpradesh, punjab , harayana
Maize -- karnataka , andhrapradesh , maharastra
Cereals -- rajasthan , karnataka , maharastra
Pulses -- madhyapradesh , uttarpradesh , rajsthan
*Total food grains production -- Uttarpradesh , punjab, ,madhyapradesh
2. Oil seeds
Ground nut-- Gujarat , tamilnadu , andhrapradesh
Rapeseed & mustard -- rajsthan , madhya pradesh , harayana
Soyabean-- madhyapradesh , maharastra, rajasthan
Sunflower -- karnataka, andhrapradesh, maharastra
*Total oilseeds_ madhyapradesh , rajsthan, gujarat
3. Cash crops
Sugarcane -- uttarpradesh, maharastra, tamilnadu
Cotton --Gujarat, maharastra,andhrapradesh
Jute & mesta---westbengal, bihar, assam
Potato-- westbengal, uttarpradesh, bihar
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Short term credit limit is fixed for the first year depending upon the crops cultivated as per
proposed cropping pattern & scale of finance
post-harvest/ household / consumption requirements
Maintenance expenses of farm assets, crop insurance, Personal Accident Insurance Scheme
(PAIS) and Asset insurance.
For every successive years (2nd, 3rd, 4th, and 5th year), the limit will be stepped up
@10%.(short term credit limit sanctioned for 5th year will be about 150% of the first year
limit allowed to farmers).
Investment credit requirement of small value in the nature of farm implements/
equipments etc (like sprayer, plough etc.,) and repayable within a period of one year will
be included while fixing KCC limit (This portion of the credit will not be included for
automatic step up during 2nd year to 5th year but credit requirement for this portion in
each year will be reckoned for arriving at the maximum drawal limit for the respective
year).
The short term loan limit arrived for the 5th year as in (iv) plus estimated investment loan
requirement as in (v) (highest among the five years) above will be the Maximum
Permissible Limit (MPL) and sanctioned as the Kisan Credit Card Limit.
Short term loan limit assessed for the first year or for the 2nd to 5th year plus the
estimated investment credit limit required, as in (iv) and (v) above, will be the Maximum
Drawal Limit (MDL) allowed in the account, for the particular year.
KCC borrowers shall be issued an ATM cum Debit card to enable them to withdraw from
KCC accounts from ATMs and PoS terminals.
KCC will be in the nature of revolving account. Credit balance in the account, if any, to
fetch interest at Savings bank rate.
Processing charges waived for KCC limit up to Rs.3 lacs.
Collateral security is waived for
a. limit of up to Rs.1 lac
b. limit up to Rs.3 lacs for loans with tie-up arrangement for recovery.
KCC accounts should be renewed annually, well before the above due dates, every year to
continue the limit during the KCC validity period of 5 years. Branches shall, therefore,
ensure to obtain revival letters before expiry of 3 years wherever applicable, as per the
Limitation Act.
For the purpose of renewal, branches should obtain a simple declaration as per the extant
guidelines (about crops raised/ proposed to raise) from the borrowers. The assessment of
revised MDL requirement of the KCC borrower will be made based on proposed cropping
pattern and area declared by him.
Eligible crops shall be covered under Crop Insurance Scheme - National Agricultural
Insurance Scheme (NAIS)
Disbursement of the Loan--As per the cultivation requirements of the crop, the loan will
be disbursed in cash.
Repayment
Kharif (mono) --(1st April to 30th September) - 31st Jan
Rabi crop (mono)--(1st October to 31st March) - 31st July
Double /Multiple Crops--(Kharif & Rabi seasons) - 31st July
Long term Crops--(All round the year) - 12 months (from the date of first disbursement)
Borrowers are required to route their farm proceeds or other credits into the KCC
account, with a minimum of loan amount plus interest and other charges, if any, within the
repayment due date.
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4.INDUSTRIES
INDUSTRIAL SECTOR COMPRISES OF -manufactruing,infrastructure,construction gas&electricity, watersupply, engineering, automobiles,
textile production, ship buliding, cement.
Industrial sector has important role in the economic growth and development
Industrlisation leads to an increase in the per capita income.
Increase employement to new skilled labour.
Diversified production base.
It provides infrastrcuture facilities like railways , power generation , also helps in earning
foreign exchange reserves.
New industry policy -1991
To maintian sustainbailty growth
To enhance gainful employment
To achieve optimum utilisation of human resources
To attain international competativeness
To transform india into a major partner and players in the global areas
Maharatna CPSEs_
1. Bharat Heavy Electricals Limited
2. Coal India Limited
3. GAIL (India) Limited
4. Indian Oil Corporation Limited
5. NTPC Limited
6. Oil & Natural Gas Corporation Limited
7. Steel Authority of India Limited
Navratna CPSEs
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5.Money
The concept of money belongs to the demand since buyers having demand.
money came from word " JUNTO MANTO "-- Roman
* money should be minted in proportional to goods
if MS > GS ( money supply grater than goods supply prices leads inflation
Money market
Money refers to the mechanism where by borrowers manage to obtian shortterm loanable funds
on the one hand and lenders succed in getting credit worthy borrowers for their money on the
other .
Money market basic things
BUYERS > SELLERS
DEMAND > SUPPLY
Nature of money
Nature of money in the economic system available in the form of .
Buyers , popluation , demand , money supply , national income , aggregate demand
Money supply in india maninly consitutue with
RBI + GOI + BANKS
RBI -- has capability to printing currency -- through legal tender method
GOI-- lower money printed by minister of finance
BANKS-- they are supply agency , and having velocity power since they having capacity
having deposit money
DEFECIT FINANCE -- "Minting of currency beyond the limit is named as defecit currecny "
Money evalution
1.Barter system -- exchange the items
2.Goods as money -- echange of goods w.r.t to money .. sheeps , cloths , dice , elephant tusk
3.Metal as money -- coins , gold ,silver ,copper, nickel alloy metal money
paper currency -- paper currency that is circulated for transaction-related purposes. The printing
of paper money is typically regulated by a country's central bank/treasury in order to keep the
flow of money in line with monetary policy.
concept of money
Hot money
---Money which swifts from one country to another country in order to upgrade
itself is called as hot money
FIAT MONEY -- Fiat money is money that can be used as tender but does not have a physical
commodity, such as gold or silver, linked to it.
*extrinsic value > intrinsic value
NEAR MONEY
Assets which can readily be converted into cash, such as bills of exchange.
CALL MONEY
Money loaned by a bank or other institution which is repayable on demand.
DEAR MONEY or tight money
A situation in which money or loans are very difficult to obtain in a given country. If you do have
the opportunity to secure a loan, then interest rates are usually extremely high
CHEAP MONEY--loan or credit with a low interest rate, or the setting of low interest rates by a
central bank
Cheap money is good for borrowers, but bad for investors,
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who will see the same low interest rates on investments like savings accounts, money
market funds, CDs and bonds
PRECAUTIONARY MONEY
Unexpected financial crisis economic situation , keep people to save gold with themselves called
as precautionary money
NETRUAL MONEY
If an economy is having , the capacity to maintian steady price for longer period , named as
netrual money
GS == MS ( goods suppy = money supply)
DEPOSIT MONEY
The money which is maintianed by the banks named as deposit money also calleda s creadit
agencies
*example -- DFIs, commerical banks , coperatives , RRBs , NBFCs
SMART MONEY
The process by which experienced investors and traders who tend to evaluate and find investment
opportunities before anyone is known
credit cards , debit card, cash card
PLASTIC MONEY--Plastic money is a term that is used predominantly in reference to the hard
plastic cards we use everyday in place of actual bank notes. They can come in many different
forms such as cash cards, credit cards, debit cards, pre-paid cash cards and store cards.
RESERVE MONEY
It is a measure of money multiplier. Money multiplier shows the mechanism by which reserve
money creates money supply in the economy. It is again dependent on two variables, namely
currency deposit ratio and reserve deposit ratio.
STANDARD MONEY
Monetary unit which is designated by a government to serve as the basis of its currency system
and into which other types of money in the country are convertible& compare standard of value.
intrinsic value = extrinsic value
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iii. Ac-cording to the modem economic thinking the magnitude of currency issued should be
determined by the monetary needs of the economy and not by the available reserves of gold
and silver. As in other developed countries, since 1957 Reserve Bank of India follows Minimum
Reserve System of issuing currency.
iv. Under this system, minimum reserves of Rs. 200 crores of gold and other approved securities
gold -- 115 crores / currency -- 85 crores .
6.Banking
Banking is the base for 2 sector model of indian economy
Economic vehicle = GDS( gross domestic savings ) + GDI ( gross domestic investments)
Economic vehicle is balanced by -- banking
under the indian money market the RBI occupies the central position because it regulates and
controls the credit supply of the country . indian money market divided into 2 parts
1.Organised sector
2.Unorganised sector
Organised sector includes = state bank of india + associates + 19 nationalised banks + RRBs +
cooperative banks + NGOs + other banks
unorganised sector includes _ money lenders + indigenous bankers
Reserve bank of india
Establishment
The Reserve Bank of India was established on April 1, 1935 in accordance with the
provisions of the Reserve Bank of India Act, 1934.
The Central Office of the Reserve Bank was initially established in Calcutta but was
permanently moved to Mumbai in 1937.
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Though originally privately owned, since nationalisation in 1949, the Reserve Bank is fully
owned by the Government of India.
The Reserve Bank's affairs are governed by a central board of directors. The board is
appointed by the Government of India in keeping with the Reserve Bank of India Act.
Appointed/nominated for a period of four years Constitution:
Official Directors_Full-time : Governor and not more than four Deputy Governors
Governor--Dr. Raghuram Rajan*
Deputy Governor_
1. Shri H.R. Khan
2. Dr. Urjit R. Patel
3. Shri R. Gandhi
4. Shri S. S. Mundra
Non-Official Directors -- 11 total recently added = rajiv mehrishi + hasmukh adhia
Nominated by Government: ten Directors from various fields and one government Official
Others: four Directors - one each from four local board
Financial Supervision
The Reserve Bank of India performs this function under the guidance of the Board for Financial
Supervision (BFS). The Board was constituted in November 1994 as a committee of the Central
Board of Directors of the Reserve Bank of India.
Objective
Primary objective of BFS is to undertake consolidated supervision of the financial sector
comprising commercial banks, financial institutions and non-banking finance companies.
Constitution
The Board is constituted by co-opting four Directors from the Central Board as members for a
term of two years and is chaired by the Governor. The Deputy Governors of the Reserve Bank are
ex-officio members. One Deputy Governor, usually, the Deputy Governor in charge of banking
regulation and supervision, is nominated as the Vice-Chairman of the Board.
Some of the initiatives taken by BFS include:
Restructuring of the system of bank inspections
Introduction of off-site surveillance,
Strengthening of the role of statutory auditors and
Strengthening of the internal defences of supervised institutions.
The Audit Sub-committee of BFS has reviewed the current system of concurrent audit,
norms of empanelment and appointment of statutory auditors, the quality and coverage of
statutory audit reports, and the important issue of greater transparency and disclosure in
the published accounts of supervised institutions.
Current Focus
Supervision of financial institutions
Consolidated accounting
Legal issues in bank frauds
Divergence in assessments of non-performing assets and
Supervisory rating model for banks.
Legal Framework
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speculation and rising prices. The controls are selective as they are used to control and
check the rising tendency of price and hording of certain individual commodities of common
use. However, while imposing selective control, RBI takes care that bank credit for
production and transportation of commodities and exports is not affected. These are mainly
focused on credit to traders who use such credit for financing hoarding and speculation.
Since 1956-57 RBI is employing this method.
2. Prime Lending Rate (PLR): It is rate of interest of which commercial banks lend to their
prime high profile blue chip corporate borrowers. (From 1990s banks are free to determine
PLR).
3. Repo Rate: Repurchasing option is traded in this market for a short time periods. Repo is
Repurchasing by RBI.
4. Priority Sector Lending: It is lending to some particular sector at lower interest rate. RBI
orders all public sector banks to give 18% of credit to priority sector.
5. Market Stabilization Scheme: It is a scheme under which RBI buys and sells
Government of India securities in order to control liquidity.
6. Money in Circulation: Money in use to finance current transactions as distinct from idle
money.
7. Investment Bank: A Bank that provides long term fixed capital for industry, generally by
taking up shares in limited companies.
8. Regional Rural Bank: It was established in 1975 under the provision of RRB Act 1976,
with a view to develop rural economy.
9. Lead Banking Scheme: Under this scheme all the nationalized banks and few private
sector banks were allowed specially and were asked to play the Lead Role. The lead
banks act as a leader to bring about co-ordination of cooperative banks, commercial banks
and other financial institutions in their respective demises to bring about rapid economic
development.
10. Call Money: It is a loan that is made for a very short period i.e. for a few days only or for
duration of a week. It carries a low rate of interest. In case of a stock exchange market,
the duration of call money may be for a fortnight.
11. LIBOR: London Inter- Bank Offered Rate. An interest rate at which banks can bestow
funds, in marketable size, from other banks in London inter- bank market.
12. MIBOR: Mumbai Inter Banking Operative Rate.
13. Capital Deepening: It occurs when capital to LIBOR ratio increase in a country, it helps in
economic development of the country.
14. BASEL II: This norms assess the need for risk capital and replaces the minimum 9%
capital adequacy norm under BASEL-I. BASEL II enables greater transparency and banks
will evaluate themselves.
15. CAMELS: Capital Adequacy, Asset Quality, Management, Earnings Liquidity and Systems.
16. Capital Adequacy Ratio: It is the ratio of total capital fund of a bank to its risk weighted
assets. It is an indicator of banks financial health.
17. Asset Reconstruction Company: Takes over the NPA of banks or financial institutions at
cheaper rate, reconstruct it and sells it and makes profit out of it. This helps in clearing the
balance sheet of banks.
18. Universal Banking: It is a banking scheme given by Khan Committee according to which
conduction of all financial activities under one roof by a bank or financial institution. In
other words, this means integration of roles of bank and other development banks.
19. Service Area Approach: Under this scheme, branches of commercial banks were allotted
certain specific semi-urban and rural areas. These branches were made more responsible
for overall development of prescribed areas. It was implemented in 1989.
20. Merchant Banking: It is an activity under which a bank take up portfolio management
(Banks advising their clients about management of fund) as well as banker to the issue of
the company.
21. Urban co-operative bank --Urban Co-operative Banks (UCBs) though not formally
defined, refers to primary cooperative banks located in urban and semi-urban areas. These
banks, till 1996, were allowed to lend money only for non-agricultural purposes. This
distinction does not hold today. These banks were traditionally centered around
communities, localities work place groups. They essentially lent to small borrowers and
businesses
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22. Land development bank--The special banks providing Long Term Loans are called Land
Development Banks, in the short, LDB.The history of LDB is quite old. The first LDB was
started at Jhang in Punjab in 1920. This bank is also based on Co-operative. The main
objective of the LDB's are to promote the development of land, agriculture and increase the
agricultural production. The LDBs provide long-term finance to members directly through
their branches.
23. Greshems Law: Bed money (Black Money) pushes good money (White Money) out of
circulation.
24. Bank of International Settlement: Based in Switzerland, gives the statement of
international monetary transactions. It is the one which gives CAMELS, BASEL.
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These banks are nothing but an association of members who group together for self-help and
mutual-help. Their way of working is the same as commercial banks. But they are quite different.
Co operative banks in India are registered under the Co-operative Societies Act, 1965. The
cooperative bank is regulated by the RBI.
Note: Co-operative banks cannot open their branches in foreign countries while commercial banks
can do this.
Types of bank accounts
Savings bank account
Current account
Fixed Deposit account
1. Saving Bank Account: These accounts are maintained by individuals/ salaried peoples. Such
account offers interest on customer deposit. The interest on these accounts is regulated by
Reserve Bank of India. No Overdraft is allowed on such accounts.
2. Current Account: These accounts are used mainly by businessmen and are not generally used
for the purpose of investment. These deposits are the most liquid deposits and there are no limits
for number of transactions or the amount of transactions in a day. No interest is paid by banks on
these accounts. One of the prominent advantage of such account is that Overdraft is allowed.
3. Fixed Deposit Account: also known as term deposit account. All Banks offer fixed deposits
schemes with a wide range of tenures for periods from 7 days to 10 years. The term fixed in
Fixed Deposits (FD) denotes the period of maturity or tenor.
SHAREHOLDING PATTERN OF PUBLIC SECTOR BANKS AS ON 31.03.2015
Name of the Bank % age of Shareholding
1. Allahabad Bank --58.9
2. Andhra Bank --60.14
3. Bank of Baroda-- 56.26
4. Bank of India-- 66.7
5. Bank of Maharashtra-- 85.21
6. Canara Bank --69
7. Central Bank of India-- 88.63
8. Corporation Bank-- 63.33
9. Dena Bank --58.01
10. Indian Bank --81.51
11. Indian Overseas Bank --73.8
12. Oriental Bank of Commerce --59.13
13. Punjab National Bank --58.87
14. Punjab & Sind Bank --81.42
15. Syndicate Bank-- 67.39
16. UCO Bank-- 77.2
17. Union Bank of India --60.13
18. United Bank of India-- 88
19. Vijaya Bank --74.06
20. State Bank of India --58.6
21. IDBI Bank Ltd --76.5
22. Bhartiya Mahila Bank-- 100
Banks in INDIA
1. Reserve bank of india
2. Public sector banks __27
3. Nationalised banks__19
4. Regional rural banks __56
5. Foreign banks with branches in India__45
6. Foreign banks with representative offices in India__39
Cooperative banks
1. State cooperative banks __32
2. Urban cooperative banks __52
Private sector banks
1. Old private sector banks __13
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2.
3.
4.
5.
6.
7.
8.
PAID UP CAPITAL
1. New bank license --500 crores
2. Private banks --500
3. Foreign bank -500 crores
4. Urban cooperative banks --100 crores
5. State cooperative banks --100 crores
6. Small bank & payment banks --100 crores
7. NABARD -- 500 crores
8. EXIM bank -- 8500 crores
9. SIDBI -- 1000 Crores
10. Authorised Regional Rural Bank--2000 crores
11. MUDRA BANK --20000 crore (Intial corpus --3000 crores ) (paid up capital --750 crores)
CAPITAL MARKETS -- SEBI
SEBI: Securities and Exchange Board of India. SEBI is the primary governing/regulatory body for
the securities market in India. All transactions in the securities market in India are governed and
regulated by SEBI. Its main functions are:
1. New issues (Initial Public Offering or IPO)
2. Listing agreement of companies with stock exchanges
3. Trading mechanisms
4. Investor protection
5. Corporate disclosure by listed companies etc.
Zero Coupon Bonds: Zero Coupon Bonds (also called as pure discount bonds) are bonds that
pay no periodic interest payments or so called Coupens. Zero coupon bonds are purchased at a
discount from their value at maturity. The holder of a Zero Coupon bond is entitled to receive a
single payment, usually of a specified sum of money at a specified time in future. Investors earn
interest via difference between the discounted price of the bond and its par (or redemption) value.
Undated Securities: Securities not bearing a redemption date or option.
Tap Issue: An issue of treasury bills to government departments and others at a fixed price
stand, without going through the market, as distinct from a tender issue.
Buy Back of Shares: Various individuals, financial institutions, directors of the company, hold
company shares. This indicates the ownership of the company, when a company is allowed to
buy-back its shares. It means it is increasing its ownership.
Penny Stocks: Penny stocks are securities or stocks which are sold by smaller new companies.
They are generally sold because companies are seeking money for expansion, basic operations,
and even for the commencement of business.
Participatory notes: These are notes issued by FIIs and some of the Indian based foreign banks.
GDR/ADR: Global Deposit Receipts (GDR) are popularly known as Euro issues i.e. shares of
Indian companies sold in the European market. When these shares of Indian companies are sold
in the US capital market they are called as American Deposit Receipts (ADR).
Black-Sholes Formula: A formula used to establish a fair price for options in financial markets.
Swap: A transaction in which securities of a certain value are sold to a buyer in exchange for the
purchase from the buyer of securities having the same value. The purpose being to obtain an
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improvement, in the eyes of either of the parties, in the quality of the security or to anticipate a
change in yield. Currency as well as securities are swapped in this way.
Screen Based Book- where securities are auctioned through an anonymous screen based
system, and the price of which securities are sold is discovered in screen. This eliminates the
delays, risks and implementation difficulties associated with traditional procedures.
ESOP: Employee Stock Option.
Market Capitalisation: Total value of the equity in the present market price is called market
capitalization.
Hedge Funds: They are basically private investment pools for wealthy, financially sophisticated
investors. Traditionally they have been organized as partnership, with the general partner
managing the funds portfolio.
Mutual Funds: Funds set up on the principal of pooled risk and pooled resources with the
purpose of giving them the benefits of share market without exposing individually to the volatility
of share market.
Venture Capital: Risk capital is called venture capital.
Sovereign Wealth Fund: It is state owned fund composed of financial assets such as stocks,
bonds, property or other financial investment.
Futures: Contracts made in a future market for the purchased or sale of commodities on a
specified future data. Futures provide a convenient mechanism for holding market risk. Future
market forms an important part of many organized commodity exchange or market.
NCDEX: National Commodity Derivatives Exchange. It is the largest commodity futures exchange.
Forward Market Commission: It is a regulatory body for commodity futures, and forward trade
in India. It was set up under Forward Contract (Regulation) Act 1952. Its headquarter is in
Mumbai.
CARE: Credit Analysis and Research Ltd. It was started in November 1993. It was set up by IDBI.
ICRA: Investment Information and Credit Rating Agents of India Limited. It was established in
1991. It primarily rates short, medium and long debt instruments. But, since 1995 it has been
doing equity rating also.
Voting Shares: Equity shares entitling holders to vote in the election of directors of a company.
Normally all ordinary shares are voting shares, but sometimes a company may create a class of
non-voting ordinary shares.
Tobin Tax: The tax foresighted by James Tobin. It is a tax that should be imposed on portfolio
capitals, so that when a foreign investor wants to take out this investment he has to pay tax,
which is expected to discourage the tendency to move from one country to another in search of
quick gains.
Factoring: The business in which, a firm takes over the collection of trade debts on behalf of
others, thereby enabling them to obtain insurance against bad debts. It is a service primarily
intended to meet the needs of small and medium-size firms. The procedure is for the factoring
company to buy up its clients invoices and then itself claim payment of them.
Underwriting: Underwriting is the business of insuring against risk.
Counter Guarantee: It is given by an economic agent, another agent will oblige the contract
signed with the 3rd party.
NSDL: It is the first registered depository in India set up in November 1996 and has been
promoted by IDBI, UTI and NSE.
CDSL: Central Depository Services Limited.
Sub- Prime Loans: It is also called as B loans or second chance loans. These are loans
originated to borrowers who do not qualify for market interest rates because of problems in their
credit history.
Derivative Trading: It is trading on claims, on claims on real producers.
Currency Future: Where in a contract in made between two parties, in which a party agrees to
buy or sell a fixed amount of currency at fixed foreign exchange at a later date. It reduces
currency volatility rise for both the parties.
Insider Trading: When insider (managers, directors, others) have more information of the
companies performance than the external share holders. And they use it to make a profit is called
insider trading. It is banned in India by SEBI.
Multi Commodity Exchange (MCE): The trading happening in papers instead of commodities in
physical. The largest MCX is in Ahmedabad.
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Arbitrage: The act of buying a currency or a commodity in one market and simultaneously selling
it for a profit in another market.
COMMODITIES, DERIVATIVES, AND METALS MARKETS
i. Commodity markets are markets where raw or primary products are exchanged , with
traditional commodities such grains, meat and livestock, exchange trading has expanded to
include metals, energy, currency and currency indexes, equities and equity indexes,
government interest rates and private interest rates.
ii. These raw commodities are traded on regulated commodities exchanges, in which they are
bought and sold in standardized
iii. Contracts.
iv. A Commodities Exchange is an exchange where various commodities and derivatives
products are traded. These contracts can include spot prices, forwards, futures, and options
on on futures.
India has 7 national commodity exchanges namely
1. Multi Commodity Exchange (MCX)
2. National Commodity and Derivatives Exchange (NCDEX)
3. National Multi-Commodity Exchange (NMCE)
4. Indian Commodity Exchange (ICEX)
5. The ACE Derivatives exchange ( ACE )
6. Universal commodity exchange (UCX)
7. Bhatinda Om & Oil Exchange Ltd.
*The regulatory body is Forward Markets Commission (FMC) which was set up in 1953
MSMEs limitations
MANUFACRING SECTOR (investments limit for support of machinery & tools)
Micro--25lakhs
Small--25lakhs--5crores
Medium--5crores--10crores
SERVICE SECTOR
Micro--10 LAKHS
Small--10lakhs--2crores
Medium--2crores--5crores
MUDRA limitation
1. Shishu: covering loans upto Rs. 50,000/2. Kishor: covering loans above Rs. 50,000/- and upto Rs. 5 lakh
3. Tarun: covering loans above Rs. 5 lakh and upto Rs. 10 lakh
Insurance companies
1.PUBLIC SECTOR INSURNACE COMPANIES
1.United India Inusrance Company
2.New India Insurance Company
3.Nationaal Inusrance Company
4.Life Insurnace Corporation Of India
5.Agricultural Insurnace Company Of India
6.Oriental Insurance Company Of India
2. GENERAL & LIFE INSURNACE COMPANIES
1.Bharathi AXA
2.Bajaj Alliaz
3.L&T
4.Relaiance
5.SBI
3. GENERAL INSURNACE COMPANIES
1.Chalamondal Fiannce
2.Future Generalli
3.Hdfc Ergo
4.Icici Lombard
5.Iffco-Tokio
6.Liberty Vidoecon
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7.Magma Hdi
8.Rehja Qbi
9.Royal Sundaram
10.Sriram Capital
11.Tata-Aig
12.Universal Nampu
4.LIFE INSURANCE COMPANIES
1. Aegon railgare
2. Aviva india
3. Kotak mahindra om
4. TATA AIA
5. Star union dai ichi
6. Max Life
7. HDFC Standard
8. IDBI Federal
9. India FIrst Life
10. Birla Sun Life
11. ICICI Pru
12. Exide Life
13. Canara HDFC OBC life
5.HEALTH INSURANCE COMPANIES
1. Apollo munich
2. Cigna TTK
3. ICICI Lombard
4.Star Health Allied
5.Reilgare Health
7.Budget
The budget process in India, like in most other countries, comprises of__
Four Phases
1) Budget Formulation- Preparation of estimates of expenditure and receipts for the ensuing
financial year;
2) Budget Enactment- Approval of the proposed Budget by the Legislature through the
enactment of Finance Bill and Appropriation Bill;
3)Budget Execution- Enforcement of the provisions in the Finance Act and Appropriation Act by
the governmentcollection of receipts and making disbursements for various services as
approved by the Legislature;
4) Legislative Review of Budget Implementation- Audits of governments financial operations
on behalf of the Legislature.
Drafting commences in August- September
By convention, the Union Budget for next financial year is presented in Lok Sabha by the Finance
Minister on the last working day of February. However, the process of budget formulation starts in
the last week of August or the first fortnight of September. To get the process started, the Budget
Division in the Department of Economic Affairsunder the Ministry of Finance issues the annual
budget circular to all the Union government ministries/departments around August- September.
The Circular contains detailed instructions for these ministries/ departments on the form and
content of the statement of budget estimates to be prepared by them.
Three kinds of figures in a Budget
The ministries are required to provide three different kinds of figures relating to their expenditures
and receipts during this process of budget preparation.
These are:
Budget Estimates (BE)
Revised Estimates (RE)
Actual
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The approval of Parliament is sought for the estimated receipts/expenditures for 2015-16, which
would be called Budget Estimates (BE).
At the same time, the Union government, in its budget for 2015-16, would also present Revised
Estimates (RE) for the ongoing financial year 2014-15.
The government would not seek approval from Parliament of revised estimates of 2014-15; but,
these revised estimates allow the government to reallocateits funds among various ministries
based on theimplementation of the budget for 2014-15 during the first six months of financial
year 2014-15.
Finally, ministries also report their Actual receipts and Expenditures for the previous financial year
2013-14.
Hence, the Union budget for 2013-14 consists of.
Budget Estimates for 2015-16
Revised estimates for 2014-15
Actual Expenditures and Receipts of 2013-14.
Role of Planning Commission-- NOW -- NITI AAYOG
The ministries would provide budget estimates for plan expenditure for budget estimates for the
next financialyear, only after they have discussed their respective plan schemes with the
NITI AAYOG.
The Nitiaayog
depends on the Finance Ministry to first arrive at the size of the Gross
BudgetarySupport, which would be provided in the budget for the next annual plan of the Union
government.
Inprinciple, the size of each annual plan should be derived from the approved size of the
overall Five-YearPlan (12th Five-Year Plan, 2012-13 to 2016-17, in the present instance).
However, the size ofthe gross budgetary support for an annual plan also depends on the
expected availability of funds with thefinance ministry for the next financial year.
Reducing Deficit is on Priority
In the past few years, the Finance Ministry has been vociferously arguing for reduction of Fiscal
Deficit and Revenue Deficit of the Union government, citing the targets set by the Fiscal
Responsibility and Budget Management Act and its rules.
Hence, presently, the aspirations of the Planning Commission and Uniongovernment ministries
with regard to spending face the legal hurdle of this Act, which has made it mandatoryfor the
Union government to show--- Revenue deficit as Nil (total Revenue Expenditure not exceeding totalRevenue Receipts by
even a single rupee);
Fiscal deficit as less than 3 per cent of GDP by 2016-17.This meansnew borrowing of the
government in a financial year cannot exceed 3 per cent of the countrys GDP forthat year.
Final stages of Budget Formation
During the final stage of budget formation, the revenue-earning ministries of the Union
government providethe estimates for their revenue receipts in the current fiscal year (Revised
Estimates) and next fiscal year(Budget Estimates) to the Finance Ministry.
Subsequently, usually in the month of January, more attentionis paid to finalisation of the
estimated receipts. With an idea about the total requirement of resources tomeet expenditures in
the next fiscal year, the finance ministry focuses on the revenue receipts for the nextfiscal.
At this stage of budget preparation, the Finance Minister examines the Budget Proposals prepared
by theministry and makes subsequent changes in them, if required. The Finance Minister consults
the Prime Minister, and alsobriefs the Union Cabinet, about the Budget at this stage. If there is
any conflict between any ministry and theFinance Ministry with regard to the budget, the matter is
supposed to be resolved by the Cabinet.
Consultations with various stakeholders is crucial
In the run-up to Union Budget each year, the Finance Minister holds Pre-Budget Consultations
with relevantstakeholders. The Finance Minister also holds consultations with Finance Ministers of
States/Union Territories as wellas Trade and Industry representatives. This has great significance
for the process of Budget formulation asit helps the Finance Minister takes decisions on suitable
fiscal policy changes to be announced during the budget.
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For this years budget, representatives from the agriculture sector, various trade unions,
economists, bankingand financial institutions and also social sector groups participated in these
consultations in January 2015.
Among others, a delegation of Peoples Budget Initiativealso met Finance Ministry officials and
shared thePeoples Charter of Demands in the month of January 2015. But this year too, like in
previous years, theprocess started late. Desired changes in expenditure programmes and policies
can be influenced only if theconsultations are begun earlier, preferably in October.
Consolidation of Budget data
At the final step, the Budget Division in the Finance Ministry consolidates all figures to be
presented in thebudget and prepares the final budget documents. The National Informatics Centre
(NIC)helps the budgetdivision in the process of consolidation of the budget data, which has been
fully computerised. At the endof this process, the Finance Minister takes the permission of the
President of India for presenting the UnionBudget to Parliament.
It would be useful to point out that while the second and the third stage in the budget cycle of our
countryare reasonably transparent, the First stage of actual budget preparation cannot be said to
be open. The processis rather carried out behind closed channels.
Understanding the Budget: Concept And Terminologies
Union Budget is a comprehensive statement of government finances relating to a particular
financial year.
Every Budget broadly consists of two parts(a) Expenditure Budget;
(b) Receipts Budget;
Expenditure Budget
The amounts of intended expenditure by the Government in the next financial year are
expressed in the Expenditure Budget.
The entire Expenditure Budget can be divided into two distinct categories, viz.
(a) Capital Expenditure:
Those expenditures by the government that lead to anIncrease in the assets or a Reduction
in the liabilities of the government. It is however not necessary that the assets created
should be productive or they should even be revenue generating. Only the charges towards
the construction of the asset are counted as Capital expenditure.
The subsequent charges for its maintenance are considered as Revenue expenditure.
Most capital expenditure is Non Recurring.
Examples of Capital Expenditure causing Increase in Assets:
Construction of a new Flyover;
Union Govt. giving a Loan to a State Govt.
Examples of Capital Expenditure causing Reduction of a Liability:
Union Govt. repays the principal amountof a loan it had taken in thepast.
(b) Revenue Expenditure:
Those expenditures by the government that do not affect its asset-liability position.
Most kinds of revenue expenditures are seen as Recurring Expenditures.
Theentire amount of Grants given by the Union Government to States is reported in
theUnion Budget as Revenue Expenditure, even though a part of those Grants getutilized
by States for buildingSchools, Hospitals etc. Thisis so because the ownershipof the schools
or hospitals built from the Central grantswould not be with the UnionGovernment.
Examples of Revenue Expenditure are:
Expenditure on Food Subsidy;
Salary of staff;
Procurement of medicines;
Procurement of text books;
Payment ofinterest, etc.
Total government expenditure can also be divided into another set of categories, viz.
(A) Plan Expenditure:
Plan expenditure refers to government expenditure, which is meant for financing
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the programmes/schemes formulated under the ongoing/ previous five year Plan.
(B) Non-Plan Expenditure:
Those Expenditures of the government, which are not included under the PlanExpenditure
are called as Non Plan Expenditure.
It includessome of the important types ofgovernment expenditure, like:
interest payments; pension, defence expenditure, disbursement on law and order,
disbursement on legislature, subsidies, and salary of regular cadre teachers, doctors and
other government officials.
The Receipts Budget
It presents the information on how much the Government intends to collect asits financial
resources for meeting its expenditure requirements and from which sources, in the next
fiscal year.
This can also be dividedinto two categories:
(a) Capital Receipts:
Those receipts that lead to a reduction in the assets or an increase in the liabilities of the
government.
Capital Receipts that lead to a reduction in assets:
Recoveries of Loans given by the government and Earnings from Disinvestment;
Capital Receipts that lead toan increase in liabilities: Debt.
REVENUE in BUDGET
1.REVENUE RECIPTS
a.Tax-Income -- contribute 84%
as per highest priority-1.Corporate tax
2.Personal it
3.Service
4.Excise wealth
5.Customers tax etc
b.Non Tax --Income-- Contibutes --16%
1.PSU profits
2.Grants
3.Loans
4.Fees & fines
2.REVENUE EXPENDITURE
A.INTEREST & PAYMENTS
B.SUBSIDIES
C.DEFENCE
D.WAGES
E.SOCIAL SERVICE(education ,helath , sanitation)
REVENUE EXPENDITURES
A.CAPITAL RECEIPTS
1.Market borrowings
2.Return loans
3.Provident funds
4.Disinvestments
B. CAPITAL EXPENDITURE
1. Defence
2. Debt payments
3. Giving loans
4. Development expenditure
*Note always ___ CR >> CE
Revenue Receipts:
Thosereceipts that dont affect theasset-liability position of the government.
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RevenueReceipts comprise proceeds of Taxes (like, Income Tax, Corporation Tax, Customs,
Excise, Service Tax, etc.)
Non-tax revenue of the government (like, Interest receipts, Fees/ User Charges, and
Dividend & Profits from PSUs).
Government Revenue through Taxation:
It can be divided into Direct Taxes and Indirect Taxes.
Debt and Deficit:
Debt is a kind of receipt that necessarily leads to an increase of the governments liabilities.
The government incurs a Debt only for meeting the gap created by excess of its
expenditure over its receipts for that year, which is called Deficit.
Fiscal Deficit:
It is the gap between thegovernments total Expenditure(including loans net of
repayments)and its Total Receipts (excludingnew debt to be taken). Thus FiscalDeficit for a
year indicates the borrowing to be made by thegovernment that year.
Revenue Deficit:
The gap between Total RevenueExpenditure of the Governmentand its Total Revenue
Receipts iscalled the Revenue Deficit.
Distribution of financial resources between the Centre and the States:
A Finance Commission is setup every five years to recommend measures for sharing of
resources between the Centre and the States, mainly pertaining to the Tax Revenue
collected by the Central Government.
Presently the recommendations made by the 14th Finance Commission are in effect (from
2014-14 to 2019-2020), whereby 42 percent of the shareable/divisible pool of Central tax
revenue is transferred to States every year and the Centre retains the remaining amount
for the Union Budget.
Direct Taxes
Tax-GDP Ratio:
Gross Domestic Product (GDP) is an indicator of the size of a countrys economy. In order
to assess the extent of governments policy interventions in the economy, some of the
important fiscal parameters, like, total expenditure by the government, tax revenue, deficit
etc. are expressed as a proportion of the GDP.
Accordingly, a countrys Tax to GDP ratio helps us understand how much tax revenue is
being collected by the government as compared to the overall size of the economy.
A higher tax to GDP ratio in a country is a positive sign meaning that the government is
collecting a decent amount of tax revenue as compared to the size of its economy.
8.TAXIATION
Direct Taxes:
Those taxes forwhich the tax-burden cannot beshifted are called Direct Taxes.
Examples of are:
(A)Corporation Tax:
This is a tax levied on the income of registered companies in thecountry, whether national
or foreign, under the Income Tax Act, 1961.
(B) Personal Income tax:
This is a tax on the income of individuals, firms etc. Other than Companies, under
theIncome Tax Act, 1961. This head also includes other Taxes, mainly the
SecuritiesTransaction Tax, which is levied on transaction in listed securities undertaken on
stock exchanges and in units of mutual funds.
(C) Wealth Tax- This is a tax leviedon the benefits derived fromthe ownership of property,
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under the Wealth Tax Act,1957. Wealth tax has virtuallybeen abolished in India.
Indirect Taxes:
Those taxes for which the tax-burden can be shifted are called Indirect Taxes. Any person,
who directly pays this kind of a tax to the Government, need not bear the burden of that
particular tax; he/she can ultimately shift the tax burden to other persons laterthrough
business transactions of goods/ services.
Indirect tax on any good or service affects the rich and the poor alike!
Unlike indirect taxes, direct taxes are linked to the tax-payees ability to pay and hence are
considered to be progressive.
Examples of Indirect Taxes are:
Customs Duties:
In this,the taxable component isimport into or export from thecountry.
Excise Duties:
It is a typeof tax levied on those goods,which are manufactured in the country and are
meant for domestic consumption. It is a tax on manufacturing, which is paid by the
manufacturer, but he passes this burden on to the consumers.
Sales Tax:It is levied onthe sale of a commodity,which is produced/importand being sold
for the first time. If the product is soldsubsequently without beingprocessed further, it is
exempt from sales tax.
Before theintroduction of VAT (Value Added Tax), salestax used to be levied under the
authority of both CentralLegislation (Central SalesTax) and State Governments Legislation
(Sales Tax).
Service Tax:
It is a tax leviedon services provided by aperson and the responsibilityof payment of the
tax iscast on the service provider.However this tax can berecovered by the serviceprovider
from the servicereceiver in course of his/herbusiness transactions.
Value Added Tax (VAT):
VATis a multi-stage tax, intendedto tax every stage of sale ofa good where some valuehas
been added to the rawmaterials; but taxpayers doreceive credit for tax alreadypaid on the
raw materials inearlier stages.
9.FOREIGNTRADE
Balance of payment -The balance of payments (BOP) of a country is the record of all
economic transactions between the residents of a country and the rest of the world in a
particular period (over a quarter of a year or more commonly over a year). These
transactions are made by individuals, firms and government bodies.
Balance of trade--The difference between the monetary value of exports and imports of
output in an economy over a certain period, measured in the currency of that economy. It
is the relationship between a nation's imports and exports.
Trade surplus - A positive balance is known as a trade surplus if it consists of exporting
more than is imported
Trade gap a negative balance is referred to as a trade deficit or, informally, a trade gap
Current Account Deficit(CAD) It is the difference between exports and imports of goods
and services as well as the transfer on invisibles. It signifies saving investment gap.
Free on Board: A term given to the system of paying for goods shipped from or to
another country when the amount is sufficient only to cover the value of the good and
excludes insurance and frights.
Quantitative Restrictions: The quantitative limits placed on the importation of specified
commodities. For protection, the quota is more certain then a tariff in its effects on the
quantity of imports.
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Counter Trade: It is exchange in goods and services that are paid for other goods and
service. i.e. Barter System, Switch Trading, Buy Bank, Off set.
Social Dumping: It is a practice of exporting goods form a country where the labours are
suppressed and labour court is low in order to compete international market.
Appreciation: When the value of currency rises with respect to another currency is said to
have appreciated. It also indicates the increase in value of an asset.
Countervailing Tax: It is the duty imposed to raise the price of imported c commodity so
that it becomes higher than the price of domestic goods. It is also known as outervailing
measure.
Debt Service Ratio: The Ratio of interest and principal payments on debt as a proportion
of the countrys total export for a particular year in called debt service ratio. DSR =
Interest + Principal/Export.
Visible Balance: The balance of payments in visible trade (imports and exports).
FEMA: Foreign Exchange Management Act was introduced in July 1998 in the Parliament to
repeal FERA 1973. Under FEMA, 1999 provisions related to foreign exchange have been
modified and liberalized so as to simplify foreign trend and payments.
Crawling Peg: When small exchange adjustments in external value of currency of a
country is made to rectify and under or over valuation of the home currency in terms of a
given foreign currency, it may be called crawling peg.
Currency Board: The exchange rate is fixed, with institutional constraints on monetary
policy. The monetary authority can only issue domestic money when it is fully backed by
inflows on foreign exchange.
Devaluation: In a fixed exchange rate system, when the country has decided to reduce
the value of its currency in comparison with foreign currency. India devalued its currency in
the past. It increase exports and reduces imports.
Hard Currency: It refers to the currency of an industrialized country which has general
convertibility.
Soft Currency: A currency with limited convertibility into gold and other currencies either
because it is of depreciating due to balance of payment, deficit or because cannot have
been placed on it.
Exim Bank: It is established for financing, facilitating and promoting foreign trade in India.
Duty Drawback Scheme: It is a scheme in which exporter are allowed to drawback the
duties (customs duty, service tax. etc) as a part of an incentive to increase exports.
EPCG Scheme: It is Export Promotion Capital Goods (EPCG) scheme, where in capital
goods is imposed 5% rate for export purpose. If the capital is imported for agriculture
exports then it is zero percent (0%).
Agri Export Zone: It was setup in EXIM policy 2001-02 for encouraging exports of specific
agriculture products from geographically identified areas.
Custom Union: More advanced level of economic integration than the free trade area. It
not only eliminates all restrictions on trade among members but also adopts a uniform
commercial policy against the non-members.
Mercosur: A customs union of Argentina, Brazil, Paraguay and Uruguay. In 1996, Bolivia
and Chile became associate members.
de minimis support under WTO: It is a support given by government, which does not
fall under green, blue, amber box subsidies. They are subject to reduction under WTO.
Amber Box: It comprises all forms of domestic support deemed to be trade distorting,
primarily by encouraging excessive production. A market price support mechanism that set
no product limit.
GATS: General Agreement of Trade in Services
TRIPS: Trade Related Intellectual Property Rights
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SEIS has been introduced for a period of 6 months ending on 30 September 2015, subject to
conditions specified in FTP Following services, amongst others, have been included for the purpose
of issuance of duty scrips:
Professional services, which includes
Legal services
Taxation services
Engineering services
Accounting, auditing and book keeping services Other business services
Advertising services
Management consulting services
Technical testing and analysis services Placement and supply services of personnel.
Construction and related engineering services, which include General construction work
of building
Installation and assembly work Tourism and travel, which include
Hotels
Restaurants
Travel agencies and tour operator services Services auxiliary to all modes of transport:
Cargo handling services
Storage and warehouse services
Freight transport agency services
Export obligation under EPGC scheme in case capital goods are procured from indigenous
manufacturers has been reduced from 90% of normal export obligation (6 times of duty saved
amount) to 75% Import under EPCG scheme shall not be eligible for exemption from payment of
anti-dumping duty and safeguard duty Trade facilitation and ease of doing business in India
Following initiatives have been introduced to reduce the transaction costs:
Online filing of documents/ applications and paperless trade in 24 x 7 environment for
application under FTP by exporters/ importers
Online inter-ministerial consultation for approval of export of SCOMET items, norms
fixation, import and export authorisation etc.
Simplification of procedures/ processes, digitization and egovernance for the purpose of
import and export
e-Governance initiatives such
Online issuance of Export Obligation Discharge Certificate (EODC)
Message exchange with CBDT for PAN
Message exchange for transmission of Bills of Entry (import details) from Customs to DGFT
Benefits for export oriented units Following initiatives, among others, have been introduced for
EOUs, EHTPs and STPs_
EOUs, EHTPs, STPs have been allowed to share infrastructural facilities among themselves
EOUs have been allowed facility to set-up warehouses near the port of export
A simplified procedure will be provided to fast track the debonding/ exit of the STP/ EHTP units
EOUs having physical export turnover of INR 100 mn and above have been allowed the
facility of fast track clearances of import and domestic procurement
10.EconomicSurveyHighlights
chapter-1 : Economic Outlook, Prospects, and Policy Challenges
India has reached a sweet spot rare in the history of nations in which it could be
launched on a double digit medium-term growth trajectory which would allow the country
to attain the fundamental objectives of wiping every tear from every eye.
The macro-economy has been rendered more stable, reforms have been launched,
deceleration in growth has ended and the economy appears to be recovering.
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In the coming year, the real GDP growth at market prices is estimated to be about 0.6-1.1
percentage points higher vis--vis 2014-15. Using the new estimate for 2014-15 as the
base, growth at market prices is expected at 8.1-8.5 percent in 2015-16.
The budget should continue the process of fiscal consolidation. Overall revenueto-GDP ratio
for 2014 as estimated at 19.5 percent by the IMF, needs to move toward levels in
comparator countries estimated at 25 percent for emerging Asian economies and 29
percent for the emerging market countries in the G-20.
To provide legal certainty and confidence to investors, the ordinances on coal, insurance,
and land need to be translated into legislation.
The constitutional amendment bill to implement the goods and services tax (GST) needs to
be enshrined in legislation.
The government and the RBI need to conclude the monetary policy framework agreement
to consolidate the recent gains in inflation control and codify into aninstitutional
arrangement.
Reforms of labor and land laws and reducing the costs of doing business will need to be a
joint endeavor of the states and center.
The economy is likely to over-perform on the RBIs inflation target by about 0.5- 1.0
percentage point, opening up the space for further monetary policy easing.
The outlook is favorable for the current account and its financing. However, risks from a
shift in US monetary policy and turmoil in the Eurozone need to be watched.
Successful implementation of the far-reaching changes for sharing of revenues between the
Center and the States as recommended by the Fourteenth Finance Commission will
advance the cause of cooperative federalism.
The time is ripe for a more broad-based response to the challenges in agriculture and to
ensure that agriculture grows at about 4 percent on a sustained basis.
To ensure fiscal credibility, and consistency with the medium-term goals, the upcoming
budget should initiate the process of expenditure control to reduce both the fiscal and
revenue deficits.
Cash-based transfers based on the JAM number trinity Jan Dhan, Aadhaar,
Mobile offer exciting possibilities to effectively target public resources to those who need
it most.
Private investment must remain the main engine of long-run growth. But in the short to
medium term public investment especially by the railways, will have to play a catalytic role.
Banking is hobbled by policy, which creates double financial repression and impedes
competition. The solution lies in a four-fold policy respons capture in 4 Ds: deregulate,
differentiate, diversify, and disinter.
The Prime Ministers Skill India objective should be accorded high priority along with, and
indeed in order to realize, Make in India.
An intervention that can be immediately implemented is to eliminate the current negative
protection facing Indian manufacturing.
The trading environment is becoming more challenging as the buoyancy of Indian exports
has declined.
India has taken a number of green actions. It can make a positive contribution to the
forthcoming Paris negotiations on climate change.
Improving the status and treatment of women is a major development challenge.
Family planning targets and the provision of incentives are leading to an undesirable focus
on female sterilization. Family planning program should align with reproductive health
rights of women.
Successful implementation of the far-reaching changes for sharing of revenues between the
Center and the States as recommended by the 14th Finance Commission will advance the
cause of cooperative federalism.
Chapter -2 : Fiscal Framework
India must meet its medium-term fiscal deficit target of 3 percent of GDP. This will provide
the fiscal space to insure against future shocks.
India must also reverse the trajectory of recent years and move towards the
golden rule of eliminating the revenue deficit and ensuring that, over the cycle,borrowing
is only for capital formation.
The way to achieve this objective should be based on firm control over
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Greater public investment in the railways would boost aggregate growth and the
competitiveness of Indian manufacturing substantially. In the long run, the
railways
must be commercially viable.
Chapter -7 : What to Make in India? Manufacturing or Services?
It is registered manufacturing, not manufacturing in general, which has the potential for
structural transformation. It is characterized by unconditional domestic convergence.
States and firms within India are converging to the Indian frontier but that could mean
little unless they are also converging to the international manufacturing frontier.
The talk on the transformational potential of manufacturing in India must focus on unskilled
registered manufacturing.
Sustaining a skill-intensive pattern would require a greater focus on education and skills
development.
Chapter -8 : A National Market for Agricultural Commodities Some Issues and the Way
Forward
The provisions of the Model APMC Act do not go far enough to create a national or even
state-level common market for agricultural commodities.
The 2014 budget recognizes the need for setting up a national market and stated that the
central government will work closely with the state governments to reorient their
respective APMC Acts to provide for the establishment of private market yards/private
markets.
More steps may have to be taken and incremental moves may need to be considered to
get the states on board. For example, first it may be possible to get all the states to drop
fruits and vegetables from the APMC schedule of regulated commodities, followed by
cereals, pulse and oil seeds, and then all remaining commodities.
State governments should also be specifically persuaded to provide policy
support for setting up infrastructure, making available land etc. for alternative or special
markets in private sector.
Chapter -9 : From Carbon Subsidy to Carbon Tax: Indias Green Actions
The recent steep decline in international oil prices is seen by many as an
opportunity to rationalize the energy prices by getting rid of the distorting subsidies whilst
shifting taxes towards carbon use.
India has cut subsidies and increased taxes on fossil fuels turning a carbon subsidy regime
into one of carbon taxation.
The move to substantial carbon taxation combined with Indias ambitious solar power
program suggests that India can make substantial contributions to the forthcoming Paris
negotiations on climate change.
Chapter -10 : The Fourteenth Finance Commission implications for Fiscal Federalism in
India
The FFC has radically enhanced the share of the states in the central divisible pool from the
current 32 percent to 42 percent.
The FFC has also proposed a new horizontal formula for the distribution of the states share
in divisible pool among the states.
The recommendations will move the country toward greater fiscal federalism,conferring
more fiscal autonomy on the states.
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1.RBINEWS
Policy Repo Rate 7.25%
Reverse Repo Rate 6.25%
Marginal Standing Facility Rate 8.25%
Bank Rate 8.25%
CRR 4%
SLR 21.5%
Highlights of RBIs 2nd Bi-Monthly Monetary Policy
Shortterm lending rate (repo) cut by 0.25 per cent to 7.25 per cent
To review the existing policy of financial inclusion including supportive payment system
and customer protection framework taking into account the recommendations made by
various committees set up earlier.
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Other two AMCs are: Authorised Dealers Category - II (ADs CategoryII) and Full Fledged
Money Changers (FFMCs).
At present 102 entities are recognised as AD CategoryI Banks including State Bank of
India, Canara Bank and Axis Bank Ltd.
The Reserve Bank of India (RBI) on 25 June 2015 released the Financial Stability Report
(FSR) June 2015. It is the eleventh issue of its half yearly publication. The FSR reflected
the collective assessment of the Sub-Committee of the Financial Stability and Development
Council (FSDC) on risks to financial stability, as also the resilience of the financial system.
Besides, the report discussed issues relating to development and regulation of the financial
sector.
The Reserve Bank of India (RBI) on 9 July 2015 released the final guidelines on Prepaid
Payment Instruments for Mass Transit System (PPI-MTS). The issued guidelines enable the
issuance of a separate category of semi-closed prepaid payment instruments for mass
transit systems. The PPI-MTS will enhance commuter convenience and will also facilitate
the migration to electronic payments in line with the countrys vision of moving to a lesscash society. The PPI-MTS can be used within the mass transit systems and will have a
minimum validity of six months from date of issue. Such PPIs will be reloadable
instruments subject to an outstanding limit of 2000 rupees at any point of time.
Micro-finance institution Bandhan Financial Services, which got the final licence from
Reserve Bank of India to start universal banking, would formally start operations as a
banker from August 23.
United Bank of India has topped the list of public sector lenders with maximum bad loans
including restructured assets as a percentage of total advances. According to the data
provided by the RBI to the Finance Ministry, United Bank of India's 21.5 per cent assets are
either bad or have been restructured to save them from turning non-performing assets
(NPAs).
India's National Payments Corporation of India (NPCI), which runs the RuPay payment card
network, has received the Reserve Bank of India's approval to tie up with the Chinese
government-supported payment card network China UnionPay International.
The Reserve Bank of India extended the time-frame to spread over the shortfall arising out
of sale of bad assets to securitisation companies/asset reconstruction companies at a price
below the net book value, to March 2016.
The Reserve Bank has entered into an MoU with the Central Bank of Seychelles (CBS) on
exchange of information and mutual assistance in the banking sector supervision.
RBI has issued draft guidelines on mobility cards that will allow you to travel without cash
in metros, buses and taxis carrying prepaid cards with value up to Rs. 2,000
In a bid to boost prepaid payment instruments (PPIs) for commuting, RBI has introduced a
new category of prepaid payment instruments that will be issued by the mass transit
operators (such as metro or road transport).
The Reserve Bank of India on 28 May 2015 released the Draft Guidelines on Net Stable
Funding Ratio (NSFR) under Basel III Framework on Liquidity Standards for banks. The
Reserve Bank proposed to make NSFR applicable to all banks in India from 1 January 2018.
The objective of NSFR is to ensure that banks maintain a stable funding profile in relation
to their assets and off-balance sheet activities. Net Stable Funding Ratio (NSFR) is defined
as the amount of available stable funding relative to the amount of required stable funding.
2.MONTHLYFINANCIALAWARNESS
JUNE
The Housing Development Finance Corp (HDFC)
The largest mortgage lender in the country, on 8 Jun said its board of directors had approved
fund-raising worth `5,000 cr simultaneously by secured redeemable non-convertible debentures
(NCDs) and warrants.
Restructuring bad loans
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In a significant move to provide a more flexible process for lenders to recover bad loans, the
Reserve Bank of India (RBI) on 8 Jun allowed banks to acquire 51 per cent or more stake in
companies defaulting after restructuring of their loans
Utility bills
Utility bills can now be submitted as proof of address for opening account with banks or other
financial institutions, the Reserve Bank of India said on 11 Jun.
The govt has decided to infuse capital in public sector banks (PSBs) based on the requirement of
individual lenders. The govt has asked PSBs to make detailed presentations on their capital
requirement for the current financial year. If the govt is convinced that a bank needs funds, then
it will infuse capital. The govt has earmarked `7,940 cr for capital infusion in PSBs in 2015-16
The Asian Development Bank (ADB)
It has decided to increase its lending to India as part of efforts to support the countrys new
initiatives that target higher growth and reduced poverty. From being an average $ 3-bn annual
lender, ADB will move towards annual lending of $ 4 bn to India in next few years. This was
announced by the visiting ADB Bank President Takehiko Nakao.
After a gap of more than a decade, a new private sector lender will start operations from Aug 23.
The Kolkatabased micro financier, Bandhan Financial Services, received the final approval from
the Reserve Bank of India on 17 Jun morning. The bank will not give loans to the corporate
sector, at least for the time being, and focus on its strength, that is serving the bottom of the
pyramid category. The lender will start with 600 branches, of which 200 will be in metro and
urban areas and the remaining in semi-urban and rural areas
Loan against shares
In probably a first-of-its-kind loan against shares (LAS) offering, HDFC Bank is allowing
customers to design their own loans. The entire loan offering is digitised and is aimed at reducing
the time taken for the loan approval and disbursement from four to eight days (across the
industry) to 24 hours.
Rupay ,Indias own card payment system floated by the National Payment Corporation of India
(NPCI) would roll out RuPay Credit cards from next year.
Bank for International Settlements (BIS)
The Bank for International Settlements (BIS), the apex bank for all central banks, has
complimented the Indian banking authorities for their substantial reforms and alignment with the
Basel framework. The Indian Basel III framework for bank risk-based capital requirements came
into force in Apr 2013
World banks with RGTIL
The Reliance Gas Transportation Infrastructure Ltd (RGTIL), an unlisted company owned by
Indias richest man, Mukesh Ambani ,has received a generous loan-restructuring package from
Indian banks after the company incurred huge losses in the past few years.
The multilateral lender world bank on 3 june approved $250mn loan for Jhelum and Tawi flood
Recovery Project for reconstruction of flood-affected public infrastructure in jammu&Kashmir.The
project will be funded by credit from World Banks concessionary International Development
Association (IDA). The loan has a maturity of 25 years, including a 5-year grace period.
World Bank hleps tamilnadu for urban development project
The central govt has signed a deal with the World Bank for a $400mn loan for an urban
development project in Tamil Nadu. The size of the project is $600 mn, of which $400 mn would
be financed through the International Bank for Reconstruction and Development.
Based on the Asia Infrastructure Investment Bank (AIIB) members GDP weight in the world
economy, China will become the banks largest shareholder, followed by India and Russia. China is
likely to have a 30.85% share in the bank, followed by India with 10.4 per cent.
Green PIN scheme
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The second-largest private sector lender HDFC Bank has decided to discontinue issuing slips after
cash withdrawals at ATMs and will alert the customer through SMSes. The bank will roll out the
scheme across its network of over 11,700 ATMs by the end of Jun. The bank witnesses an average
of 2 cr cash withdrawals every month at its ATMs. The switch to paperless mode will help it save
about `10 cr a year spent on paper. This is a part of the digital initiative for the bank, under
which it had last year launched the Green PIN scheme, wherein card-users were given the PIN
numbers electronically rather than in a printed kit.
SBI tie up with snapdeal
The State Bank of India (SBI) is aggressively trying to grab a piece of the business in the digital
commerce space. The countrys largest lender on 20 May signed a memorandum of understanding
with Amazon to develop payment and commerce solutions for customers and small businesses.
The SBI also inked two MoUsone with e-commerce major Snapdeal and the other with digital
payments company, PayPal.
The ICICI Bank launched voice recognition service
which authenticates customers based on their speech patterns and allows them to execute
banking transactions through the banks call centre in a quick, secure and convenient manner.
The first-of-it-kind service by a bank in the country, it is available to over 33 mn customers of its
savings account and credit card.
ANZ Bank
will open two more branches in India by early next year. The two branches would be opened at
Gurgaon and Bangalore. The bank opened its first branch in India at Mumbai four years ago
The wage revision
Following a pact between public sector bank (PSB) employees and officers with the management,
all branches in the country will remained closed on all second and fourth Saturdays from July. IBA
has also signed a wage settlement pact with the United Forum of Bank Unions and a few others,
for a 15 per cent increase in salary and allowances to about a million employees. The wage
revision is with effect from Nov 1, 2012, and is valid for five years.
Five of the worlds largest banks
including JPMorgan Chase & Co and Citigroup Inc, were fined roughly $5.7 bn, and four of them
pleaded guilty to US criminal charges over manipulation of foreign exchange rates, authorities
said on 20 May. A fifth bank, UBS AG, will plead guilty to rigging benchmark interest rates, the US
Justice Department said.
UnionPay International
Chinese tourists and people working in India may soon be able to use automated teller machines
(ATMs) and point of sale (PoS) terminals in the country to withdraw cash in the Indian currency.
The National Payments Corporation of India(NPCI),an agency backed by the Reserve Bank of
India (RBI) that processes retail transactions in India, has signed an agreement with UnionPay
International, its counterpart from China, to allow Chinese customers to use ATMs and PoS
terminals in India.
The Reserve bank of India(RBI) on 21 May relaxed rules for Indian companies to raise money
in rupees from overseas lenders. The overseas lenders will have to enter into currency swap
transactions with their overseas banks, who in turn will provide rupees by tapping a bank in India
for extending funds in rupees to the corporate.
Liberalised remittances scheme
The govt has issued rules to raise limit on funds individuals can take abroad under liberalised
remittances scheme. The limit has been raised to $2.5 lakh (about `1.6 cr) from the current
$1.25 lakh (about `80 lakh). The RBI had announced this increase in the Feb monetary policy.
Jan Dhan Yojana envisages
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Only 8,000 account holders have availed of the overdraft (OD) facility under the Jan Dhan Yojana,
according to govt sources. The Jan Dhan Yojana envisages extending households an overdraft
facility of `5,000 after satisfactory operation of accounts. As the overdraft can be offered only in
accounts operated for over six months, only those that were opened before Oct 31 are currently
eligible for the facility
Japan unveiled
Japan unveiled a plan on 21 May to provide $110 bn in aid for Asian infrastructure projects, as
China prepares to launch a new institutional lender that is seen as encroaching on the regional
financial clout of Tokyo and its ally Washington.
point of sales (PoS) terminals
To reduce cash transactions in the economy and boost the usage of cards and point of sales (PoS)
terminals, the Union finance ministry and Reserve Bank of India (RBI) have set up a committee to
look at ways to encourage use of plastic money. The committee has representatives from National
Payments Corporation of India, State Bank of India and ICICI Bank.
worlds first facial-recognition ATM
China has unveiled the worlds first facial-recognition ATM, which will not allow users to withdraw
cash unless their face matches their IDs. The machine was created by Tsinghua University and
Hangzhou-based technology company Tzekwan.
Kotak Mahindra Bank and ING Bank
have joined hands for exploring opportunities arising from cross-border business, investment and
trade flows across various regions, including Europe. A Memorandum of Understanding (MoU) to
this effect was signed in the presence of the visiting Netherlands PM Mark Rutte to India on 5 Jun.
benchmark index Sensex
The private sector electricity producer Tata Power moved out of the stock market benchmark
index Sensex and was replaced by pharmaceuticals company Lupin. Adani Power is to be excluded
from the S&P BSE 100 and be replaced by Aurobindo Pharma. In addition, Tata Motors. class A
shares or DVR shares will also be included in BSE 100. Asias oldest exchange also removed
Canara Bank and Bank of India from the Bankex, and replaced 26 companies from the BSE 500
index by introducing 27 stocks as part of their index rebalancing.
The Forward Markets Commission
(FMC) will have to complete all pending investigations before its merger with the securities market
regulator, Securities and Exchange Board of India (Sebi). This is one of the key conditions put by
Sebi, working to ensure a smooth transition from being a stock market regulator to one for
commodities, too. The commodities regulator is being merged with Sebi following an
announcement in the Union budget in Feb.
MAY
UCBs eye NextGen tag with credit cards
By allowing Urban Co-operative Banks (UCBs) to issue credit cards, RBI has allowed new avenue
to traditional banks to emerge as NextGen banks. Dr. Raghuram Rajan, Governor,RBI said in
order to enlarge the scope and businessof UCBs, the Financially Sound and Well-Managed (FSWM)
scheduled UCBs, which are CBS-enabled and having minimum net worth of `100 crore, will now
be allowed to issue credit cards.Similarly, with a view to providing greater freedom to state cooperative banks to expand their business and to provide technology-enabled services to their
customers, it has been decided to permit State Co-operative Banks satisfying certain eligibility
criteria to set up off-site ATMs / mobile ATMs without obtaining prior approval from the Reserve
Bank of India.
Parliament passes Payments and Settlement Bill
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The Parliament has passed a Bill that seeks to address theproblem of insolvency in the payment
and settlement system by increasing transparency and stability and bringing India's banking
payment system in sync withinternational practices. The amendment seeks to protect funds
collected from the customers by the payment system providers. It also seeks to extend the Act to
cover trade repository and legal entity identifier issuer.
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Banks are now allowed to offer differential rates of interest on term deposits on the basis of tenor
for deposits less than `1 crore and on the basis of quantum and tenor onterm deposits of `1 crore
and above. Banks will havethe discretion to offer differential interest rates based on whether the
term deposits are with or without-premature-withdrawal-facility, subject to certain conditions.
Under new guidelines all term deposits of individuals (held singly or jointly) of `15 lakh and below
should, necessarily, have premature withdrawal facility, for others, banks can offer deposits
without the option of premature withdrawal as well.
RBI issues guidelines for identification of Wilful Defaulters
RBI said that the evidence of wilful default on the partof the borrowing company and its promoter
/ whole-time director at the relevant time should be examinedby a Committee headed by an
Executive Director and consisting of two other senior officers of the rank of GM / DGM. If the
Committee concludes that an event of wilful default has occurred, it shall issue a Show Cause
Noticeto the concerned borrower and the promoter / whole-time director and call for their
submissions and after considering their submissions issue an order recordingthe fact of wilful
default and the reasons for the same.
At 9.75%, non-food credit grows lowest in a decade on slowdown
Banks' non-food credit grew at the lowest pace in a decade in FY 2014-15 as a slow-down in the
economy crimped fresh loan demand from corporate and a sharp fall inbond yields drove
companies to take recourse to the bond market. As on March 20,2015 non-food credit rose 9.75%
to an outstanding 64.70 lakh crore. Loan off-take to manufacturing companies plummeted to 6%
in February2015, the lowest since RBI began decimating it in 2007.
RBI scraps ceiling on buyer's credit for project exports
In order to push project exports, RBI has scrapped thelimit on banks to extend buyer's credit. RBI
has withdrawn the earlier ceiling of $20 million for buyer's credit extended to foreign buyers for
export of goods on deferred payment terms and turn-key projects from India. The step has been
taken to further liberalizing the procedures for export of goods and services.
Banks turn to BCs to make Jan Dhan accounts operational:
As of February, 2015, about 13.68 crore accounts wereopened by PSBs, RRBs and Private Sector
banks under the Pradhan Mantri Jan Dhan Yojana (PMJDY). However, out of these, about 8.60
crore accounts have zero balance and the Indian Banks' Association (IBA) is now working on
making them operational. IBA has suggested that Banking Correspondents (BCs)be imparted the
necessary training to help operationalize and make these accounts viable. There are 2.5 lakh BCs
providing banking services especially in the unbanked and under-banked areas ofthe country. The
IBA, banks, NABARD and the Indian Institute of Banking and Finance (IIBF) have drawn up a
road-map to familiarise BCs with banking products and financial services like micro insurance,
micro pensions, etc. to make them available to the target group.
Easier KYC for sole owner companies to open Co-opbank A/cs
Relaxing KYC norms, RBI has allowed sole proprietor firms to open accounts in urban, state and
central co-operativebanks by submitting a single proof of their business (instead of two
documents as were required earlier), if it is not possible for them to submit two documents.
However, the banks would have to undertake contact point verification, collect such information
as would be required to establish the existence of such firm, confirm, clarify and satisfy
themselves that the business activity has been verified from the address of the proprietary
concern.
RBI fixes ceiling on MSS balance:
Reserve Bank of India, in accordance with the provisionsof the Memorandum of Understanding
(MoU) on the Market Stabilisation Scheme (MSS) with Government of India, the ceiling for the
outstanding balance under the MSS for the fiscal year 2015-16 has been fixed at `50,000 crore.
This ceiling will be reviewed when the outstanding balance reaches the threshold limit of `35,000
crore. The current MSS outstanding balance is nil.
Need for more options to trade in currencies:
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Mr. G. Padmanabhan, Executive Director, RBI hasproposed more options instruments to trade in
currencies and shifting more of other currency debt into rupee debt. He opines There is a need to
appropriately incentivize the move away from foreign currency debts to rupee debts even as the
position of overall indebtedness is prudentially managed. We propose to pursue this matter
further in a calibrated manner.
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Reserve Bank of India made revisions to the norms forNon-Banking Finance Companies (NBFCs).
In case of an unrated asset finance company, it shall obtain the minimum investment grade or
other specified credit rating on or before March 31, 2016. Those AFCs that do not get a minimum
investment grade rating by March 31, 2016, shall not renew existing deposits or accept fresh
deposits thereafter. In the intervening period, i.e. till March 31, 2016, unrated Asset Finance
Companies or those with a sub-investment grade rating shall only renew the existing deposits on
maturity, and shall not accept fresh deposits, till they obtain an investment grade rating.
RBI eases rules for contact-less cards
RBI in its draft guidelines has proposed easing the authentication process for buying products up
to `2,000 using contact-less cards based on Communication (NFC)users to make payment by just
waiving or touching the card on a terminal kept at the merchant. Unlikecredit and debit cards
there is no need for a swipe.Banks can relax the Additional Factor of Authentication (AFA)
requirement for transactions for a maximum value of `2,000 per transaction in the case of
contact- less chip cards that adhere to the Europay-MasterCard-Visa standards. However, banks
are free to set lowerper-transaction limits. For transactions above `2,000, Personal Identification
Number will be mandatory.
Modification in guidelines on sale of Financial Assets to Reconstruction companies
Earlier RBI had permitted banks to reverse the excess provisions made on NPA sold on or after
February26, 2014 to Securitisation Company / Reconstruction Company, if the sale value is for a
value higher than the Net Book Value (NBV), to their profit and loss account in the year the
amounts are received. Banks can now reverse the excess provision (when the sale is for a value
higher than the NBV) on sale of NPAs (sold prior to February 26, 2014 to SCs / RCs) to their profit
and loss account. Reversal can be made only when the cash received (by way of initial
consideration and/or redemption of security receipts / pass through certificates) is higher than
the NBV of the NPAs sold to SCs / RCs.
RBI relaxes KYC norms for proprietary firms
RBI has relaxed the Know-You-Customer (KYC) norms for proprietary firms, for cases where
banks are satisfied that it is not possible to furnish two documents viz., registration certificate and
utility bills as activity proof. At such times, banks have the discretion to accept only one of those
documents. However, banks would have to undertake contact point verification; collect the
requisite information to establish the existence of such a firm; and confirm, clarify and satisfy
itself that the business activity had been verified from the address of the proprietary concern.
PSL loans for disabled people to be classified under weaker sections
RBI has decided to classify Priority Sector Lending(PSL) loans to Persons with Disabilities (PwD),
under the Weaker Sections category. This guideline is applicable to all Scheduled Commercial
Banks (except Regional Rural th Banks) effective from 13 March, 2015.
Effective information management practices in Banks
Reserve Bank of India's committee on data standardisationhas called for effective information
management practices and robust management information systems in banks.In the past, RBI
had emphasised the importance of both quality and timeliness of data to enable transforming the
data into information which is useful for effective decision making purposes. To achieve this,
uniform data standards are of vital importance, it says. The Committee examined various
dimensions of data standardisation keeping in view the terms of reference and related aspects and
provideddetailed recommendations in its Report.
RBI for tighter bank exposure norms
As per the Basel Committee on Banking SupervisionStandards, the sum of all the exposure values
of a bank to a single counterparty or to a group of connected counterparties must, at all times,
not be higher than 25% of the bank's available eligible capital base, i.e.,the effective amount of
Tier 1 capital fulfilling thecriteria defined in the Basel III Capital framework. At present, the
exposure ceiling limits are fixed at 15% of capital funds in case of a single borrower and 40%of
capital funds in the case of a borrower group. Credit exposure to a single borrower is allowed to
exceedthe exposure norm of 15% of the bank's capital funds by an additional 5% (i.e. up to 20%)
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insurance products. With a minimum capital requirement of `10 lakh, an insurance marketing firm
registered under these regulations shall be permitted to solicit and procure insurance products of
two life, two general and two health insurance companies only. At the time of initial grant of
registration (which will be valid for three years), the insurance marketing firm will be permitted to
set up offices only in one district of its choice. They can apply for more areas at the time of
renewal.
Forex reserves climb to all-time high
Reserve Bank of India's foreign exchange reserves reachedan all-time high of $339.99 billion for
the week ending March 20, 2015. The rise in reserves was $4.26 billion. This is the seventh time
this year that reserves touched an all-time high. Foreign currency assets, a key component, rose
$4.54 billion to $314.89 billion. The reserves have been rising because RBI has been mopping
dollar flows through state-run banks. During the week, gold reserves remained unchanged at
$19.84 billion.
New version of foreign exchange dealing platforms from April 6, 2015
The new version of foreign exchange dealing systems - FX-Clear and FX-Swap platforms with the
Clearing Corporation of India (CCIL) as counter-party from the point of trade, concluded in the
order matching mode, will go live from April 6, 2015. This will be in tandem with the payment
versus payment in the dollar/rupee settlement segment. This will allow members to trade on the
platforms without any bilateral limits with various counter-parties.
Cap on import credits, ECBs up
RBI has decided to extend the all-in-cost ceiling of trade credits for imports into India and
External Commercial Borrowings (ECBs) till March 31, 2015. For trade credit, the all-in-cost ceiling
over six month London Interbank Offers Rate (LIBOR) is 350 bps across various maturityperiods.
The all-in-cost for ECBs under average maturity of three years and up to five years is 350 bps
over six-month Libor and for more than five years it is 500 bps over six-month LIBOR.
MARCH
90% of Indians will have access to banking services by 2034 : PwC
According to a report 'The Future of India : The Winning Leap' by PricewaterhouseCoopers (PwC),
branchless banking solutions could be a smarter choice for enabling scale. To deploy such
solutions, banks will have to forge cross-sector partnerships with established players, shift from
traditional to emerging low-cost solutions such as solar ATMs, and ride the mobility wave. This
could expand the percentage of India's citizens having access to and actively using formal banking
services from 35% in 2012-2013 to 70% in 2024 and 90% in 2034 through investments of $28
billion - much lower than that spent on traditional methods.
Jan Dhan overdraft eligible for priority sector lending :RBI
Reserve Bank of India has allowed the credit given underthe overdraft facility to be classified as
priority sector lending by banks. It has been decided that overdrafts extended by banks up to
5,000 under Pradhan Mantri Jan-Dhan Yojana (PMJDY) accounts will be eligible for classification
under priority sector advances (others,category) as also weaker sections, said RBI. However, the
classification would be allowed only if the borrowers' household annual income does not exceed
60,000 in rural areas and `1,20,000 in non-rural areas.
RBI's final guidelines on capital buffer for banks:
RBI has released the final guidelines for enabling banks on Countercyclical Capital Conservation
Buffer(CCCB). CCCB requires banks to build up a buffer of capital in good times which may be
used to maintain flow of credit to the real sector in difficult times. It also restricts the banking
sector from indiscriminate lending during excess credit growth (that builds up the system-wide
risk). The CCCB may be maintained in the form of Common Equity Tier 1 (CET1) capital or other
fully loss-absorbing capital only. The amount of the CCCB may vary from 0 to 2.5% of total of the
banks. Risk Weighted Assets (RWA)
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Keeping in view public interest, RBI has asked banks toplay a more pro-active role in finding the
whereaboutsof account holders of unclaimed deposits / in-operative accounts. RBI has directed
banks to display the namesof account holders' and his/her address in respect of unclaimed
deposits / inoperative accounts on their websites; and provide them with a 'find' option to locate
the information easily. Banks are also asked to give on the website the information on the process
of claiming the unclaimed deposit / activating the inoperative account andthe necessary forms and
documents for claiming the same.
RBI eases rules on foreign currency-rupee swaps:
Eligible residents can enter into FCY-INR swaps to hedge exchange rate and/or interest rate risk
exposure arising out of long-term foreign currency borrowing, or, to transform long-term INR
borrowing into foreign currency liability. However, these are subject to operational guidelines,
terms and conditions listed there under. To accord greater flexibility to borrowing in foreign
currency, in cases where the underlying is still surviving, the client, on cancellation of the swap
contract, may be permitted to re-enter into a fresh FCY-INR swap to hedge the underlying.
However,this can only be done after the expiry of the tenor of the original swap contract that had
been cancelled.
NPCI making money payment easy and fast:
Soon, instant payments through a single interface willbe possible shortly without entering the
receiver's bank information. National Payments Corporation of India (NPCI), the umbrella
organisation for retail payment system in India, has begun implementing a simplified, single and
unified payment interface across all systems. The new interface is designed to enable account
holders to send and receive money from their smart phones witha single identifier - Aadhaar
number, mobile number, virtual payments address - without entering any bank account
information, said Mr. A. P. Hota, Managing Director and CEO, NPCI.
Reverse repo and MSF on Saturdays too:
RBI has taken steps to ensure fund availability on allSaturdays and from February 21, 2015 will
conduct Reverse repo and Marginal Standing Facility (MSF) operations (a borrowing window) on
Saturdays, between 2.00 pm and 2.30 pm. These will ordinarily be for a tenor of two days with
reversal on the following Monday. In case Monday is an RTGS holiday, the reversal will take place
on the next RTGS working day.
Asset reconstruction firm rules eased:
In order to smoothen the functioning of Securitisation Companies / Reconstruction Companies,
RBI has decided that, henceforth only the following changes in the share holding pattern of the SC
/ RC will require Reserve Bank's prior approval :
iii.an aggregate transfer of 10% or more of the total paid up share capital of the SC /
RC by a sponsor duringthe period of five years commencing from the date of certificate
of registration.
Switch operation of G-Sec:
Reserve Bank of India (RBI) conducted a switchoperation of Government of India (GoI) securities
having face value of about `8,800 crore with a Scheduled Commercial Bank (SCB). Securities
maturing in 2015-16 and 2016-17 have been switched to longer tenor securities maturing in
2026-27 and 2030-31 at Fixed Income Money Market and Derivatives Association / Market prices.
Lending process to face more scrutiny:
Mr. H. R. Khan, Deputy Governor, RBI opines thatSome corporates might soon face a challenge
in raising resources; not because of non-availability of resources, or lack of creditworthy business
opportunities but because of how the debtors respect commitments, as also due toan evolving
thinking on 'efficiency imperative' in credit dispensation. We might soon experience enhanced
scrutiny of credit decisions of banks by depositors and tax payers besides share holders.
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instead of March 2016. This move comes in view of the ongoing implementation of the Pradhan
Mantri Jan Dhan Yojana (PMJDY), whichis a national mission for financial inclusion. Phase-1 of
PMJDY is being implemented through banks in a time bound manner for completion by August 14,
2015.
RBI to keep tabs on banks' leverage ratio for Basel III:
Reserve Bank of India announced changes for leverageratio under the Basel III norms for banks,
to be implemented from April 1, 2015. RBI said it would monitor individual banks against an
indicative leverage ratio of 4% until the final rules prescribed by the Basel Committee by end2017 are released. RBI said banks operating in India need to make a disclosure of the leverage
ratio and its components on or after April 1, 2015, on a quarterly basis and the first such
disclosure should be made for the June quarter.
StCBs / CCBs : Enhancement in gold loan with bullet repayment option:
Earlier, all State and Central Co-operative Banks (StCBs /CCBs) were permitted by RBI to grant
gold loans upto `1 lakh with bullet repayment option. Now, Reserve Bank of India increased the
quantum of loan that couldbe granted under the scheme, from `1.00 lakh to `2.00 lakh subject.
Monitoring of Large Value Frauds by the Board of Directors of UCB:
Earlier Reserve Bank of India had advised all primary(urban) co-operative banks to constitute an
apex level Audit Committee of Board (ACB) to oversee the internal inspection, statutory audit,
inter branch / inter-bank accounts, balancing of books, major areas of house-keeping, etc. Now,
RBI directed all primary (urban) cooperative banks to constitute a Special Committee for
monitoring and following up cases of frauds involving amounts of `1 crore and above exclusively
and to continue ACB to monitor all the cases of frauds in general.
RBI eases forex hedging contract norms for exporters,importers:
Reserve Bank of India relaxed the norms for forexhedging for exporters and importers under
PastPerformance Route. Earlier, importers and exporterswere required to furnish a quarterly
declaration inthe format duly certified by the Statutory Auditor, tothe AD Category I banks
regarding amounts bookedwith other AD Category I banks under this facility.Now, importers and
exporters are required to furnisha quarterly declaration to the same effect as per thenew format
signed by the Chief Financial Officer (CFO) and the Company Secretary (CS). Further, RBI relaxed
the norms by allowing AD Category I banks to permit exporters and importers to book forward
foreign exchange contracts in excess of 50 per cent of the eligible limit on being satisfied about
the genuine requirements of their customers after examination of a document as per the format
signed by the CFO and CS.
RBI allows banks to sell insurance products as brokers:
RBI in its guidelines on entry of banks into insurancebusiness has advised that banks may
undertake insurance business by setting up a subsidiary / joint venture, aswell as undertake
insurance broking / insurance agency / either departmentally or through a subsidiary subject to
certain conditions. Banks are allowed to undertake insurance business with risk participation only
through a subsidiary / JV mode. Banks may approach RBI to setup a subsidiary / JV for the
purpose if they satisfy the eligibility criteria - the net worth of the bank is not less than `1000
crore; the CRAR is less than 10 per cent;the level of net NPAs is not more than 3%; the bank has
made a net profit for the last three continuousyears; satisfactory track record of the performance
ofthe subsidiaries, if any, of the concerned bank.
RBI asks banks to review base rate methodology:
RBI said the spread (or the mark up over the base rate)charged to an existing borrower by banks
should not be increased except on account of deterioration in the credit risk profile of the
customer or change in the tenor premium. While computing Base Rate, banks will have the
freedom to calculate cost of funds either on the basis of average cost of funds or on marginal cost
of funds or any other methodology in vogue, which is reasonable and transparent provided it is
consistent and made available for supervisory review / scrutiny as and when required. As hitherto,
banks are required to review the Base Rate at least once in a quarter with the approval of the
Board or the Asset Liability Management Committee (ALCO) as per the bank's practice. In its
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additional guidelines on 'Interest Rates on Advances', RBI allowed banks to review the base rate
methodology after three years from the date of its finalisation instead of the current periodicity of
five years.
RBI allows NBFCs to fund cost overruns:
Reserve Bank of India said that Non-Banking Finance Companies (NBFCs) can fund cost overruns,
which may arise on account of extension of date of commencement of commercial operations of
infrastructure and non infrastructure projects, within specified time limits. In cases where NBFCs
have specifically sanctioned a 'standby facility' at the time of initial financial closure(of
infrastructure and non-infrastructure projects) but the same does not envisage financing of cost
overruns, RBI has allowed them to fund cost overruns. NBFCscan fund cost overruns without
treating the loans as a 'restructured asset' subject to conditions-they may fund additional 'Interest
During Construction', which may arise on account of delay in completion of a project; fund other
cost overruns up to a maximum of 10 per cent of the original project cost.
Refinancing New Infra Project Loans by NBFCs:
Reserve Bank of India has allowed Non-Banking Finance Companies to refinance fresh
infrastructure project loans in five-seven year intervals to improve project viability and debtservicing capacity of their borrowers. Earlier, Reserve Bank of India has issued guidelines to
banksfor flexible structuring and refinancing of fresh termloans to long term project loans to
infrastructure andcore industries. NBFCs also are engaged in financing of long term project loans
to infrastructure and core industries. NBFCs requested RBI to extend the flexibility to them, too.
Now, RBI has issued guidelines to NBFCs for Flexible Structuring of Long Term project loans to
Infrastructure and Core Industries.
RBI to banks: 'Display loan rate range on websites':
To enhance transparency for borrowers, Reserve Bank ofIndia (RBI) has asked commercial banks
to display loan interest rates on their websites. Banks should display the interest rate range of
contracted loans for the past quarter for different categories of advances granted to individual
borrowers, along with mean interest rates for such loans," RBI said, adding The total fees and
charges applicableon various loans should be disclosed while processingthe loan, as well as, be
displayed on the website for transparency, comparability and to facilitate informed decisionmaking by customers.
RBI informs Public against Multi Level Marketing Activities:
Reserve Bank of India cautioned the public againstMulti-Level Marketing (MLM) activities so that
investors do not fall prey to unscrupulous entities. Explainingthe modus operandi of these entities,
RBI statedthat MLM / Chain Marketing / Pyramid Structure schemes promise easy or quick money
upon enrolmentof members. Income under such schemes majorly comes from enrolling more and
more members from whom hefty subscription fees are taken rather than from the sale of products
they offer.
Client due diligence measures for NBFCs relaxed:
RBI has relaxed the client due diligence measures forexisting clients of Non-Banking Finance
Companies (NBFCs) based on risk categorisation. Now, full Know-Your-Customer (KYC) exercise
will be required to be done at least every 10 years for low-risk (against the earlier five years) and
at least every eight years for medium-risk (against the earlier two years) individuals and entities,
depending on whether and when these measures have previously been undertaken and the
adequacy of the data obtained.
Currency relaxation for travellers to Nepal or Bhutan:
Reserve Bank of India has announced that an individual can now carry to Nepal and Bhutan Indian
currency notes in denominations of `500 and/or `1,000, subject to a limit of `25,000. Earlier,
individuals travelling to Nepal and Bhutan were allowed to carry Indian currency without any limit
in denomination of only up to `100.
RBI panel to look into parameters for UCBs:
RBI has constituted a committee under the Chairmanship of Mr. R. Gandhi, Deputy Governor, RBI
to re-examine and recommend appropriate set of businesses, size, conversion and licensing terms
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for the Urban Co-operative Banking (UCB) sector. This was pursuantto the recommendation on
UCBs made by theStanding Advisory Committee (SAC) in October 2014. The committee will look
into the lines of businesses (undertaken by commercial banks) that can be permitted for UCBs
and the necessary benchmarks in terms ofsize of business, capital requirement, regulatory
regime, etc.
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and South-West Asia could witness growth of 5.3 per cent in 2015, a four-year high, the report
said.
JANUARY
Savings A/c for girl child
The government has announced the launch of 'SukanyaSamriddhi Account' a new small savings
instrument for the girl child. The instrument will cater to the requirements of education and
marriage of the girl child. The account can be opened and operated by the natural or legal
guardian of a girl child till she attains the age of 10 years, after which she can herself operate it.
The deposits in the account may be made by the guardian or any other person or authority. An
account can be opened with `1,000. It will require a minimum deposit of 1000 and a maximum
deposit of 1.5 lakh in a financial year. Interest at the rate, to be notified by the Government,
compounded yearly shall be credited to theaccount till the account completes fourteen years.
Debit card for inter-bank fund transfers at ATM centres
A customer of a bank can now transfer money from hisaccount to a customer of another bank
through his debit card, via an Automated Teller Machine (ATM). Some banks have allowed interbank fund transfers through debit cards. A customer has to simply go to the ATM and punch in the
amount and the 16-digit debit card number of the person to whom the money is to be transferred.
Immediately, the customer's account gets debited and the other person's account linked to the
card gets credited. the sender needs to add thereceiver as a beneficiary. This later process takes
up to 24 hours, unlike an instant card-to-card transfer.
Extension of deadline for exchanging pre-2005 notes
RBI has extended the deadline to exchange currency notes printed before 2005 to december 31st,
2015. Such notes can be exchanged for their full value and continue to remain legal tender. Notes
in the Mahatma Gandhi series have beenin circulation for a decade, and a majority of the oldnotes
have also been withdrawn through bank branches. Therefore, RBI has decided to withdraw the
remaining old design notes from circulation. It has so far shredded144.66 crore such notes valued
at `52,855 crore since the launch of the drive.
RBI decreased HTM limits for standalone PDs
Due to prevailing market conditions, the quantum ofsecurities that can be classified as 'Held to
Maturity' (HTM) is being reduced from 200% to 100% of the audited Net Owned Funds (NOF) of
the Primary Dealer (PD) as at the end of the preceding financial year. The new limits have come
into effect from December 31, 2014. PDs are allowed to effect one additional transfer from HTM
for the last quarter ended December 31, 2014 to enable them to comply with the new norms.
RBI extends RTGS business hours
The business hours of the Real-Time Gross Settlement(RTGS) system have been extended in
order tofacilitate customer and inter-bank transactions, aswell as other market obligations to
settle in the RTGS system. Accordingly, from December 29 onwards, RBI has extended the RTGS
business hours to 8:00 hours from 9:00 hours and has extended the closing time of RTGS to
20:00 hours on week days. On Saturday, the window will be open from 8:00 hours to 15:30
hours.
RBI unveils norms regarding TReDs for MSMEs
RBI has released guidelines for setting up Trade Receivables System (TReDS), which will facilitate
financing of trade receivables of Micro, Small and Medium Enterprises (MSMEs) from large
corporates and other buyers, including government departments and PSUs through multiple
financiers. RBI will accept applications for setting up TReDS till February 13, 2015. Since TReDS
will not be allowed to assume any credit risk, its minimum paid up equity capital shall be 25 crore.
Entities, other than the promoters, cannot have shareholding in excess of 10% of the equity
capital of the TReDS. To be eligible to operate as TReDS, entities and their promoters should have
financial soundness and a track record of at least five years in running their businesses.
RBI doubles pre-paid card limit to 1 lakh
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Earlier RBI issued guidelines on issuance and operationof Pre-paid Payment Instruments (PPI) in
India wherein it was stated that the maximum value of any pre-paid payment instruments shall
not exceed `50,000/-. It also mentioned that semi closed pre-payment instruments upto
`50,000/- with full KYC and reloadable in nature can be issued and the balance in the PPI should
not exceed `50,000/- at any point of time. The limit of Pre-paid Payment Instruments (PPI) that
can be issued under this category has now been enhanced from `50,000 to `1 lakh. The balance
in the PPI should not exceed `1 lakh at any point of time. Besides, the maximum validity of gift
cards has been enhanced from one year to three years. RBI has also allowed issue of multiple
PPIs by banks from fully KYC compliant bank accounts for dependent or familymembers. Only one
card can be issued to one beneficiary.
Guidelines on White Label ATM
White Label ATMs (WLAs) are now allowed to accept international credit / debit / prepaid cards
issued under the card payment network schemes (authorized underthe PSS Act 2007). The WLA
Operators (WLAOs) have to ensure that they have established technical connectivity with the
respective card network operators either directly or through their sponsor banks. In the case of
cards issued under any other card scheme, the routing and settlement will take place based on
the bilateral arrangement set up by the existing authorized networks. Further, to permit the
facility of for the use of international cards at WLAs, the currency conversion rate will only be
obtained from an authorised dealer bank.
Standardised mobile banking operations
To make mobile banking seamless and user-friendly,RBI has advised banks to minimise the timing
between registration and activation of mobile banking services; as also, provide easy registration
through ATMs, internet banking and mailers. RBI feels that there is a need for better
standardisation in procedures relating to on boarding of customers for mobile banking. Banks
must conduct awareness programmes to explain mobile banking to customers. They must also
urge customers to register their mobile numbers for mobile banking at the branch level and other
touch points.
RBI's charter to protect consumer rights
Reserve Bank of India released a Charter of Customer Rights, which enshrines broad, overarching
principles for protection of bank customers and enunciates the 'five' basic rights of bank
customers. These are : (i) Right to Fair Treatment; (ii) Right to Transparency; Fair and Honest
Dealing; (iii) Right to Suitability; (iv) Rightto Privacy; and (v) Right to Grievance Redress and
Compensation.
Banks now borrow at floating rate
Till now, banks used to source funds for their short-term needs from RBI at a fixed repo rate.
However, now banks are required to borrow much of their short-term requirements from RBI at
close to market rates. In keeping with the recommendations of the Urjit Patel Committee, RBI
moved to the term repo mechanism in October 2013. This was done because RBI didn't want to
extend unlimited funds to banks at a fixed rate; and, it wanted to enable its policy rate changes to
reach the borrowers quickly.
Norms on converting NPAs into equity
As banks seek to convert their distressed debt into equity in cases of corporate defaults on loans,
financial regulators, SEBI and RBI are trying to establish a mechanism for such share purchases
by lenders. RBI has indicated the need for a framework for banks to convert debt into equity to
recover bad loans.
ATM slips, SMSes likely in Hindi soon
Messages on bank transactions and slips in Automated Teller Machines (ATMs) may soon come up
in Hindi. Banks must ensure that information sent to customers by emails and SMSes on bank
transactions should bein Hindi, said the official language department in a recent letter to the
financial services department under the Finance Ministry.
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mandatory for online transactions. These have already been rolled out by the banks for offline
transactions.
After 20 years, `1 paper notes to make a comeback
The Government has notified 'Printing of One RupeeCurrency Notes Rules, 2015' which will come
into effect from January 1, 2015. Due to higher cost and for freeing the capacity to print higher
denomination notes, printing `1 notes was discontinued in November 1994, followed by `2 in
February 1995, and `5 in November 1995. Since then, only coins have been issued for these
denominations. However, old notes are still in circulation and remain legal tender.
Credit growth
As per a CARE Ratings' report, credit growth in April-November period increased 4.5% vis--vis a
growth of 7.3% in the same period last year. This slow pace was attributed to sluggish GDP and
industrial growth. In incremental terms, credit remained at `2.9 lakh crorevis--vis `3.86 lakh
crore in April-November last year. Agriculture and personal loans sector showed a higher increase
in credit; while, industry and services witnessed lower growth. The agriculture sector witnessed a
growth of 11.2% in March-October 2014 period vis--vis 5%in the same period last year.
RBI working out guidelines for e-commerce deals:
Mr. H. R. Khan, Deputy Governor, RBI, has revealedthat the apex bank is working on a
mechanism to address various concerns on e-commerce transactions, and will soon come out with
guidelines to plug gaps if any. He said on the sidelines of a conference held by the National
Payments Corporation of India that E-commerce issomething you cannot push away. There are
some issues and we are planning to look at them.
RBI to raise cap on foreign investments in sovereign bonds:
As revealed by Dr. Raghuram Rajan, Governor, RBI, the central bank has put in place a schedule
to expand the limits for foreign investment in sovereign bonds. The present limit for investment
by SEBI-registered Foreign Institutional Investors, Qualified Foreign Investors, Registered Foreign
Portfolio Investors and long-term investors in Government Securities is $30 billion. While Dr.
Rajan has not specified the new limit, the schedule for the expansion will be consistent with the
country's ability to absorb capital inflows.
RBI to push foreign banks for subsidiarisation after PSL review
RBI will nudge foreign banks in India to opt for the subsidiarisation route after it reviews the
Priority Sector Lending (PSL) norms set for them. Foreign banks have expressed concerns on the
kind of obligations they would have, if they move into the Wholly-Owned Subsidiary (WOS)
structure. The primary concerns relate to PSL obligations, which mandate bank lending to certain
special sectors such as agriculture, small scale industries, and education.
RBI is vigilant about CAD, not worried by it
Dr. Raghuram Rajan, Governor, RBI, has averred that RBIremains vigilant about the widening
Current Account Deficit (CAD), though it is not apprehensive about it. CAD has widened to 2.1%
of the GDP but he finds this figure 'comfortable', adding gold imports have increased; falling oil
prices have provided some cushion. It is also a good time to see how removing restrictions on
gold would work as it is hard to maintain restrictions for too long.
Insurance regulator is now IRDA of India
The Insurance Regulatory and Development Authority has been renamed as the Insurance
Regulatory and Development Authority of India, stated a press release fromthe insurance
authority. The Insurance Laws (Amendment) Ordinance, 2014, that was promulgated by President
on December 26 has certain changes that resulted in the change of name. The ordinance, among
other things, also enabled raising the foreign direct investment cap for the insurance sector to 49
per cent from 26 per cent.
IRDA tightens norms for group health insurance pricing
IRDA has tightened its norms around reporting of group health risks. Since the industry-wide
burning cost is not available with the Insurance Information Bureau of India (IIB) for group
health, insurers should make detailed disclosures while under-writing such risks. The regulator
has said if an insurer chooses to use the 'burning cost' ofa particular risk-based on its own past
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experiences and the risk was earlier with the other insurers, then this has also to be reported to
the board of directors. Burning cost is the estimated cost of claims in the forthcoming insurance
period. This is used by insurers to protect themselves from larger claims that exceed premiums
paid.
3.KeyFinancialTerms
APR: It stands for Annual Percentage Rate. APR is a percentage that is calculated on the basis of
the amount financed, the finance charges, and the term of the loan.
ABS: Asset-Backed Securities. It means a type of security that is backed by a pool of bank loans,
leases, and other assets.
EPS: Earnings Per Share means the amount of annual earnings available to common stockholders
as stated on a per share basis.
CHAPS: Clearing House Automated Payment System. Its a type of electronic bank-to-bank
payment system that guarantees same-day payment.
IPO: Initial Public Offerings is defined as the event where the company sells its shares to the
public for the first time. (or the first sale of stock by a private company to the public.)
FPO: Follow on Public Offerings: An issuing of shares to investors by a public company that is
already listed on an exchange. An FPO is essentially a stock issue of supplementary shares made
by a company that is already publicly listed and has gone through the IPO process.
Difference: IPO is for the companies which have not been listed on an exchange and FPO is for
the companies which have already been listed on an exchange but want to raise funds by issuing
some more equity shares.
RTGS: Real Time Gross Settlement systems is a funds transfer system where transfer of money
or securities takes place from one bank to another on a real time. (Real time means within a
fraction of seconds.) The minimum amount to be transferred through RTGS is Rs 2 lakh.
Processing charges/Service charges for RTGS transactions vary from bank to bank.
NEFT: National Electronic Fund Transfer. This is a method used for transferring funds across
banks in a secure manner. It usually takes 1-2 working days for the transfer to happen. NEFT is
an electronic fund transfer system that operates on a Deferred Net Settlement (DNS) basis which
settles transactions in batches. (Note: RTGS is much faster than NEFT.)
CAR: Capital Adequacy Ratio. Its a measure of a banks capital. Also known as Capital to Risk
Weighted Assets Ratio (CRAR), this ratio is used to protect depositors and promote the stability
and efficiency of financial systems around the world. It is decided by the RBI.
NPA: Non-Performing Asset. It means once the borrower has failed to make interest or principal
payments for 90 days, the loan is considered to be a non-performing asset. Presently it is 2.39%.
IMPS: Inter-bank Mobile Payment Service. It is an instant interbank electronic fund transfer
service through mobile phones. Both the customers must have MMID (Mobile Money Identifier
Number). For this service, we dont need any GPS-enabled cell phones.
BCBS: Basel Committee on Banking Supervision is an institution created by the Central Bank
governors of the Group of Ten nations.
RSI: Relative Strength Index.
IFSC code: Indian Financial System Code. The code consists of 11 characters for identifying the
bank and branch where the account in actually held. The IFSC code is used both by the RTGS and
NEFT transfer systems.
MSME and SME: Micro Small and Medium Enterprises (MSME), and SME stands for Small and
Medium Enterprises. This is an initiative of the government to drive and encourage small
manufacturers to enjoy facilities from banks at concessional rates.
LIBOR: London InterBank Offered Rate. An interest rate at which banks can borrow funds, in
marketable size, from other banks in the London interbank market.
LIBID: London Interbank Bid Rate. The average interest rate at which major London banks
borrow Eurocurrency deposits from other banks.
ECGC: Export Credit Guarantee Corporation of India. This organisation provides risk as well as
insurance cover to the Indian exporters.
SWIFT: Society for Worldwide Interbank Financial Telecommunication. It operates a worldwide
financial messaging network which exchanges messages between banks and other financial
institutions.
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DSCR: Debt Service Coverage Ratio, DSCR is a financial ratio that measures the companys ability
to pay their debts.
FSDC: Financial Stability and Development Council, Indias apex body of the financial sector.
ITPO: India Trade Promotion Organisation is the nodal agency of the Government of India for
promoting the countrys external trade.
FLCC: Financial Literacy and Counseling Centres.
ANBC: Adjusted Net Bank Credit is Net Bank Credit added to investments made by banks in nonSLR bonds.
Priority sector lending: Some areas or fields in a country depending on its economic condition
or government interest are prioritised and are called priority sectors i.e. industry, agriculture.
M0, M1, M2 AND M3: These terms are nothing but money supply in banking field.
BIFR: Bureau of Industrial and Financial Reconstruction.
FRBM Act 2003: Fiscal Responsibility and Budget Management act was enacted by the
Parliament of India to institutionalise financial discipline, reduce Indias fiscal deficit, improve
macroeconomic management and the overall management of the public funds by moving towards
a balanced budget.
The main objectives of FRBM Act are:1. To reduce fiscal deficit.
2. To adopt prudent debt management.
3. To generate revenue surplus.
Gold Standard: A monetary system in which a countrys government allows its currency unit to
be freely converted into fixed amounts of gold and vice versa.
Fiat Money: Fiat money is a legal tender for settling debts. It is a paper money that is not
convertible and is declared by government to be legal tender for the settlement of all debts.
BCSBI: The Banking Codes and Standards Board of India is a society registered under the
Societies Registration Act, 1860 and functions as an autonomous body, to monitor and assess the
compliance with codes and minimum standards of service to individual customers to which the
banks agree to.
OLTAS: On-Line Tax Accounting System.
EASIEST: Electronic Accounting System in Excise and Service Tax.
SOFA: Status of Forces Agreement, SOFA is an agreement between a host country and a foreign
nation stationing forces in that country.
CALL MONEY: Money loaned by a bank that must be repaid on demand. Unlike a term loan,
which has a set maturity and payment schedule, call money does not have to follow a fixed
schedule. Brokerages use call money as a short-term source of funding to cover margin accounts
or the purchase of securities. The funds can be obtained quickly.
Scheduled bank: Scheduled Banks in India constitute those banks which have been included in
the Second Schedule of RBI Act, 1934 as well as their market capitalisation is more than Rs 5
lakh. RBI in turn includes only those banks in this schedule which satisfy the criteria laid down
vide section 42 (6) (a) of the Act.
FEDAI: Foreign Exchange Dealers Association of India. An association of banks specialising in the
foreign exchange activities in India.
PPF: Public Provident Fund. The Public Provident Fund Scheme is a statutory scheme of the
Central Government of India. The scheme is for 15 years. The minimum deposit is Rs 500 and
maximum is Rs 70,000 in a financial year.
SEPA: Single Euro Payment Area.
GAAP: Generally Accepted Accounting Principles. The common set of accounting principles,
standards and procedures that companies use to compile their financial statements.
Indian Depository Receipt: Foreign companies issue their shares and in return they get the
depository receipt from the National Security Depository in return of investing in India.
Hot Money: Money that is moved by its owner quickly from one form of investment to another,
as to take advantage of changing international exchange rates or gain high short-term returns on
investments.
NMCEX: National Multi-Commodity Exchange.
PE RATIO: Price to Earnings Ratio, a measure of how much investors are willing to pay for each
dollar of a companys reported profits.
CASA: Current Account, Savings Account.
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CAMELS: CAMELS is a type of Bank Rating System. (C) stands for Capital Adequacy, (A) for Asset
Quality, (M) for Management ,(E) for Earnings, (L) for Liquidity and (S) for Sensitivity to Market
Risk.
OSMOS: Off-site Monitoring and Surveillance System.
Free market: A market economy based on supply and demand with little or no government
control.
Retail banking: It is mass-market banking in which individual customers use local branches of
larger commercial banks.
Eurobond: A bond issued in a currency other than the currency of the country or market in which
it is issued.
PPP: Purchasing Power Parity is an economic technique used when attempting to determine the
relative values of two currencies.
FEMA Act: Foreign Exchange Management Act, it is useful in controlling HAWALA.
Hawala transaction: Its a process in which large amount of black money is converted into
white.
Teaser Loans:
It is a type of home loans in which the interest rate is initially low and then
grows higher. Teaser loans are also called terraced loans.
ECB: External Commercial Borrowings, taking a loan from another country. Limit of ECB is $500
million, and this is the maximum limit a company can get.
CBS: Core Banking Solution. All the banks are connected through internet, meaning we can
have transactions from any bank and anywhere. (e.g. deposit cash in PNB, Delhi branch and
withdraw cash from PNB, Gujarat)
CRAR: For RRBs it is more than 9% (funds allotted 500 cr) and for commercial banks it is greater
than 8% (6000 cr relief package).
NBFCs: NBFC is a company which is registered under Companies Act, 1956 and whose main
function is to provide loans. NBFC cannot accept deposit or issue demand draft like other
commercial banks. NBFCs registered with RBI have been classified as AssetFinance Company
(AFC), Investment Company (IC) and Loan Company (LC).
IIFCL: India Infrastructure Finance Company Limited. It gives guarantee to infra bonds.
IFPRI: International Food Policy Research Institute. It identifies and analyses policies for meeting
the food needs of the developing world.
Currency swap: It is a foreign-exchange agreement between two parties to exchange aspects
(namely the principal and/or interest payments) of a loan in one currency for equivalent aspects
of an equal in net present value loan in another currency. Currency swap is an instrument to
manage cash flows in different currency.
WPI: Wholesale Price Index is an index of the prices paid by retail stores for the products they
ultimately resell to consumers. New series is 2004 2005. (The new series has been prepared by
shifting the base year from 1993-94 to 2004-05). Inflation in India is measured on WPI index.
MAT: Minimum Alternate Tax is the minimum tax to be paid by a company even though the
company is not making any profit.
Future trading: Its a future contract/agreement between the buyers and sellers to buy and sell
the underlying assets in the future at a predetermined price.
Reverse mortgage: Its a scheme for senior citizens.
Basel 2nd norms: BCBS has kept some restrictions on bank for the maintenance of minimum
capital with them to ensure level playing field. Basel II has got three pillars:
Pillar 1- Minimum capital requirement based on the risk profile of bank.
Pillar 2- Supervisory review of banks by RBI if they go for internal ranking.
Pillar 3- Market discipline.
Microfinance institutions: Those institutions that provide financial services to low-income
clients. Microfinance is a broad category of services, which includes microcredit. Microcredit is
provision of credit services to poor clients.
NPCI: National Payments Corporation of India.
DWBIS: Data Warehousing and Business Intelligence System, a type of system which is launched
by SEBI. The primary objective of DWBIS is to enhance the capability of the investigation and
surveillance functions of SEBI.
TRIPS: Trade Related Intellectual Property Rights is an international agreement administered by
the World Trade Organisation (WTO) that sets down minimum standards for many forms of
intellectual property (IP) regulation as applied to nationals of other WTO Members.
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JLG: Joint Liability Group, when two or more persons are both responsible for a debt, claim or
judgment.
REER: Real Effective Exchange Rate.
NEER: Nominal Effective Exchange Rate.
Contingent Liability: A liability that a company may have to pay, but only if a certain future
event occurs.
IRR: Internal Rate of Return, is a rate of return used in capital budgeting to measure and
compare the profitability of investments.
MICR: Magnetic Ink Character Recognition. A 9-digit code which actually shows whether the
cheque is real or fake.
UTR Number: Unique Transaction Reference number. A unique number which is generated for
every transaction in RTGS system. UTR is a 16-digit alphanumeric code. The first 4 digits are a
bank code in alphabets, the 5th one is the message code, the 6th and 7th mention the year, the
8th to 10th mentions the date and the last 6 digits mention the days serial number of the
message.
RRBs: Regional Rural Banks. As its name signifies, RRBs are specially meant for rural areas,
capital share being 50% by the central government, 15% by the state government and 35% by
the scheduled bank.
MFI: Micro Finance Institutions. Micro Finance means providing credit/loan (micro credit) to the
weaker sections of the society. A microfinance institution (MFI) is an organisation that provides
financial services to the poor.
PRIME LENDING RATE: PLR is the rate at which commercial banks give loans to its prime
customers (most creditworthy customers).
BASE RATE: A minimum rate that a bank is allowed to charge from the customer. Base rate
differs from bank to bank. It is actually a minimum rate below which the bank cannot give loan to
any customer. Earlier base rate was known as BPLR (Base Prime Lending Rate).
EMI: Equated Monthly Installment. It is nothing but a repayment of the loan taken. A loan could
be a home loan, car loan or personal loan. The monthly payment is in the form of post dated
cheques drawn in favour of the lender. EMI is directly proportional to the loan taken and inversely
proportional to time period. That is, if the loan amount increases the EMI amount also increases
and if the time period increases the EMI amount decreases.
Basis points (bps): A basis point is a unit equal to 1/100th of a percentage point. i.e. 1 bps =
0.01%. Basis points are often used to measure changes in or differences between yields on fixed
income securities, since these often change by very small amounts.
Liquidity: It refers to how quickly and cheaply an asset can be converted into cash. Money (in
the form of cash) is the most liquid asset.
Certificate of Deposit (CD) is a negotiable money market instrument and issued in
dematerialised form for funds deposited at a bank or other eligible financial institution for a
specified time period.
Commercial Paper (CP) is an unsecured money market instrument issued in the form of a
promissory note. It was introduced in India in 1990. Corporates and the All-India Financial
Institutions are eligible to issue CP.
4.FinancialAbbrevations
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LISTOFCHIEFMINISTERSOFINDIANSTATES
1. Andhra Pradesh-- N.Chandrababu naidu
2. Arunchal Pradesh -- Nabam tuki
3. Assam --Tarun gogoi
4. Bihar -- Nitish kumar
5. Chattisgarh -- Raman singh
6. Delhi --Arvind kejriwal
7. Goa -- Laximikanth pareskar
8. Gujarat-- Anandiben patel
9. Haryana -- Manohar lal khattar
10. Himachal pradesh -- Virabahadra singh
11. Jammu & kashmir -- Mufti Mohammaed Sayeed
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LISTOFGOVERNORSOFINDIANSTATES
1. Andhrapradesh-- E.S.L.Narsimhan
2. Arunchal pradesh -- jyoti prasad rajkhowa
3. Assam - Padmanaha acharaya
4. Bihar - kesharnath tripathi
5. Chattisgarh -- bakaram das tandon
6. Goa -- Mridula sinha
7. Gujarat - om prakash kohli
8. Haryana -- kaptan singh solanki
9. Himachal pradesh -- kalyan singh
10. Jammu & kashmir -- Narinder nath vohra
11. Jharkhand -- draupadi murmu
12. Karnataka -- vajubhai vala
13. Kerala -- P.sathasivam
14. Madhya pradesh -- ramnaresh yadav
15. Mahrastra -- c.vidhyasagar rao
16. Mnaipur -- Syed ahmed
17. Meghalaya -- V.shanmuganthan
18. Mizoram -- Nirbhy sharma
19. Nagaland -- padmanabha achrya
20. odisha -- S.C.jamir
21. Punjab -- Kaptan singh solanki
22. Rajasthan -- Kalyan singh
23. Sikkim -- Shriniwas dadasehab patil
24. Tamil nadu -K.rosaiah
25. Telangana -- E.S.L.Narasimhan
26. Tripura -- Tathagata Roy
27. Uttarpradesh -- ram naik
28. Uttarkhand-- Krishan kant paul
29. Westbengal -- Keshari nath tripathi
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NATIONALAFFAIRS
JUNE
PM of India Mr.Atal Bihari Vajpaye honoured by Bangladesh-For his outstanding support of
Indias independence from Pakistan in 1971.
4 th North East Youth Festival at Majuli in Jorhat district of Assam- organized by Nehru
Yuva Kendra Sangathan(NYKS) on behalf of the Ministry of Youth Affairs and Sports.
Indian Administrative Service(IAS) Jyoti Prasad Rajkhowa was sworn-in as the 19th
Governor of Arunachal Pradesh
Union Food and Consumer Affairs Minister Ram Vilas Paswan launched BIS App to register
complaints against sub-standard quality of ISI marked products and Hallmark jewellery.
IAP Health Phone programme launched by the Union government-partnership with
UNICEF,UN.
Gatimaan Express,Indias 1st semi-high speed train service with supersonic calliber
between Delhi and Agra completed a 2nd trial run conducted by the maintenance
department of Northern Railway-195 kilometers, at a speed of 160 kph in 115 minutes.
GOI and Tamil Nadu has inked a deal with the World Bank for $400 million loan for an
sustainable urban development project in Tamil Nadu,by the International Bank for
Reconstruction and Development(IBRD).
World Bank approved a $250 million loan for Jhelum and Tawi Flood Recovery Project for
reconstruction of flood for 20 districts-affected public infrastructure in Jammu & Kashmir by
International Development Association(IDA).
Northern Railway rolled out Indias 1st rail coach lit by solar panels-attached to a high
speed Self Propelled-Accident Relief Unit(SPART) travelled from Delhi Cantonment to New
Delhi railway station.
Jawaharlal Nehru Port Trust(JNPT) and Maharashtra Maritime Board(MMB) signed an MoU
for the construction of green field port at Vadhawan in Thane district by the union minister
for ports and shipping Nitin Gadkari.
Solar power capacity touches 4,000MW,Rajasthan races ahead of Gujarat-Senior ManagerConsulting at Bridge to India:Jasmeet Khurana.
Union Minister of Road Transport & Highways and Shipping,Nitin Gadkari inaugurated the
Indias first of its kind Tier-I Oil Spill Response Centre(OSRC) for Mumbai & JNPT
Harbour(Jawaharlal Nehru Port Trust).
Indian Medical Associations(IMA) 1st Aushadhi medical store inaugurated by Minister of
State for Chemicals and Fertilizers Hansraj Gangaram Ahir at IP Estate IMAs headquarter
in New Delhi.
Indias 1st green police station inaugurated at Maurice Nagar in north Delhi on the occasion
of world environment day.
Hospital for Elephants,first of its kind in India built in Kerala-Dr.Jacob Cheeran- in the
Kerala Veterinary and Animal Sciences University,Mannuthy.
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Food Safety and Standards Authority of India (FSSAI) ordered testing of various noodles,
pasta and macaroni brands manufactured by seven companies to check compliance- GSK,
ITC fast food brands.
Oil Corporation,Indias largest oil firm is planning to invest Rs.15000 crores to raise the
capacity of its Panipat refinery to 34% from the current 20.2 million tonnes by 2020.
Finance Ministry exempts non-AC restaurants from service tax.
Memorandum of Understanding(MoU) signed between Indian Army and Punjab National
Bank (PNB) on the Defence Salary Package by Shri N K Arora,General Manager and Shri
Subodh Kaushik.
IIT Delhi ranked as the best engineering college in India while Kolkatas Jadavpur
University is ranked the best government engineering college in the country by EDU, niche
online platform on higher education, with RAND Corporation,USA.
Cyclone ASHOBAA intensified into severe cyclonic storm-over Arabian Sea-cause rainfall
over Karnataka,Konkan and Goa as well as south Gujarat.
Bhitarkanika Wildlife Sanctuary in Odisha-witnessing an alarming denudation in large tracts
of mangrove vegetation.
Gov to bring Ordinance to amend Negotiable Instruments Act-provides for filing of cheque
bounce cases in place where the cheque was issued.
Pakistan Holds Legislative Assembly Elections in Gilgit-Baltistan-India reacted against
election.
National Capital Region(NCR) just got bigger-Jind,Karnal and Muzaffarnagar districts
added- announced by Urban Development Minister M Venkaiah NaiduNational Capital
Region Planning Board (NCRPB).
Delhi Jal Board vice chairman Kapil Mishra succeed Jitender Tomar as Delhis law minister.
Ahmadabad Municipal Corporation(AMC) announced Use and get Paid scheme under which
people using public toilets,will be paid Re 1.
Indian Army on 9 June carried out a bold cross-border operation into Myanmar,to avenge
the killing of 18 soldiers in Manipur-70 commandos.
At the Cochin Shipyard Limited CSL,Indias first home made aircraft carrier INS Vikrant
undocked successfully-40,000 tonne aircraft carrier INS Vikrant.
A high level ministerial delegation went to Kathmandu to attend Donors Conference in
Nepal.
Tamil Nadu Gov and Adani Power Ltd signed a Power Purchase Agreement(PPA) to set up a
200 MW solar power plant in Ramanathapuram district-Rs.1400 Cr.
BHEL commissioned Shrinagar hydroelectric project in Uttarakhand.
National Small Industries Corporation Ltd (NSIC) is looking at areas of mutual cooperation
between Indian and Singaporean enterprises to expand Indias industrial presence in South
East Asia- NSIC chairman and managing director Ravindra Nath.
Union Ministry of Indian Overseas Affairs MOIA in combination with Tamil Nadu
Government launched Migrant Resources Centre in Chennai- Kochi, Kerala, Hyderabad and
Gurgaon.
Gov set up an insurance pool of Rs.1,500 crore to offset financial burden of foreign nuclear
suppliers,under the Civil Liability for Nuclear Damage Act (CLND) by Minister of State in the
Department of Atomic Energy,Jitendra Singh.
Second border haat(rural market) opened for common people at Kamalasagar in Sipahijala
district of Tripura bordering Brahmanbaria district of Bangladesh.
Union Government scrapped customs import duties for drugs and test kits used to treat
Human immunodeficiency virus infection and acquired immune deficiency
Syndrome (HIV/AIDS)-by National AIDS Control Organisation (NACO).
Haryana village launches Selfie with daughter contest to save girl child.
Chandrababu Naidu,Andhra Pradesh govt. has launched Mee Bhoomi portal- a digital
repository of land records in the state(http://meebhoomi.ap.gov.in/).
Coal India Limited-worlds 6th largest mining company in terms of market capital according
to recent PwC report,National Mineral Development Corporation Ltd is at 21st spot in the
list.
Govt Plans Good Samaritan Guidelines-protect from procedural and legal harassment if
they help such victims-make the disclosure of any personal information voluntary and
optional in hospitals on the filling of medico-legal forms.
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Union Minister of Micro, Small and Medium Enterprises, Shri Kalraj Mishra, digitally
launched the Employment Exchange for Industries.
Assam Chief Minister Tarun Gogoi,state government decided to introduce Right to Health
Services to offer free health care to poor people.
Supreme Court has cancelled AIPMT 2015 and given an order to conduct the exam within
four weeks.
Minister for Urban Development Venkaiah Naidu,Under Smart Cities and AMRUT, power
given to states to prioritise needs-set of 11 reforms undertaken by the states against 23
reforms.
Gov is planning to sell 3% stake in Bharat Petroleum Corp Ltd-selling of stake of Indias
2nd largest state oil firm is expected to raise funds around 1800cr.
Central government approved an anti-chit fund bill passed by West Bengal Assembly in
2013.
Indian Air Forces Jaguar fighter aircraft crashed during a training run in Chaka area of
Allahabad-2nd crash.
National Dairy Development Board(NDDB) and DD Kisan signed a MoU to create meaningful
content for the dairy and farm sector.
Adani Group signed an agreement with Rajasthan government to set up a joint venture
solar power park of 10,000 MW-Indias largest solar plant.
Union government launched an Augmented Reality(AR) application named Sakaar to
highlight the achievements of the Department of Space during 1 year.
Sushma Swaraj flagged off the 1st batch of pilgrims for Kailash Mansarovar yatra through a
new route via Nathu La pass-announced by Chinese President Xi Jinping.
Beno Zephine, 25 years old from chennai become the first 100% visually - challenged
person to be inducted into the IFS-343rd rank.
Bharat Sanchar Nigam Ltd(BSNL) set up 40,000 Wi-Fi hotspots across the country over the
next 3 years through public-private-partnership mode-free 1st 30min.
Centre gov come up with Agriculture Income Insurance Scheme to ensure minimum
income to farmers in case of crop loss-Rs.50,000 per hectare,MP CM Shivraj Singh
Chouhan suggested formation of a corpus known as Kisan Kalyan Kosh (Farmers Welfare
Fund).
Cabinet approved Housing for All by 2022 programme for slum rehabilitation in urban
areas.
World Bank funded sanitation project worth Rs 2,200 crore is launched by Punjab Chief
Minister Parkash Singh Badal-to improve the water and sanitation services.
Northern Command(Dhruva Command) of Indian Army celebrated its 44th Raising Day
today in Udhampur.
V IT Park by Ascendas located within HITEC City,Hyderabad awarded platinum rating by
Indian Green Building Council (IGBC).
Govt order seeks to reduce number of Antyodaya beneficiaries-adopt the National Food
Security Act (NFSA), the Public Distribution System (PDS).
Cabinet approved the revised target of Jawaharlal Nehru National Solar Mission (JNNSM) to
generate 1lak Mw by 2022-5 times the previous target.
Election Commission suspended recognition of P A Sangma-led National Peoples Party
(NPP) recognised state party in Meghalaya.
India ranked 3rd in a World Anti-Doping Agency(WADA) report for 2013.Russia and Turkey
are ahead of India-information received from National Anti-Doping Organisations (NADOs).
Gujarat to introduce compulsory voting in local body polls-CM Anandiben Patel.
Union Cabinet approved for signing of an agreement on the abolition of visa requirement
for diplomatic passports holders between India and Spain-Diplomatic passport.
Advertising Standard Council of India(ASCI) launched its consumer complaint mobile
application-ASCIonline to provide consumer complaint service-ios platform.
Union Government launched NOWCAST weather alert system and Crop Insurance web
portal (www.farmer.gov.in/insurance) for the benefit of farmers.create awareness and
encourage farmers to insure their crops by 4 scheme.
Modified National Insurance Scheme (MNAIS).
National Agriculture Insurance Scheme (NAIS).
Weather based Crop Insurance Scheme (WBCIS).
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BHEL Commissions 250 MW Unit of NTPCs Bongaigaon Power Plant in Kokrajhar district in
Assam.
India ranked 9th in 2014 with FDI inflows of $34 billion- according to UNCTAD in its World
Investment Report 2015.
Cabinet Committee on Economic Affairs(CCEA) approved the revised cost estimate of
Rs.81,459Cr-Eastern and Western Dedicated Freight Corridor(DFC) Project implemented
through Public Private Partnership(PPP).
PM Narendra Modi launched Smart Cities(Rs.48000Cr),AMRUT(Rs.50000Cr) and Housing
for All By 2022 (Rs.14000Cr) in Vigyan Bhavan,New Delhi.
Union Cabinet approved setting up of 6 new Indian Institutes of Management(IIMs) chaired
by
PM
Narendra
Modi-(Punjab),
Bodh
Gaya(Bihar),
Nagpur(Maharashtra),
Sambalpur(Odisha), Sirmaur(Himachal Pradesh) and Vishakhapatnam(Andhra Pradesh).
India pledges $1 billion to quake-hit Nepal by External Affairs Minister Sushma Swaraj at
the Donors Conference in Kathmandu.
India ranked 1 in embracing automation a survey by Grant Thornton.
Union Minister for Petroleum and Natural Gas Dharmendra Pradhan-Petroleum Ministry
invest over Rs.1,300 crore in Telangana on new projects and on expansion of the existing
ones this year.
Sunil Hitech commissioned 5MW solar project at Solapur in Maharashtra.
Solar Energy Corporation of India(SECI) renamed as Renewable Energy Corporation of
India after Union Cabinet gave its nod.
Union Women and Child Development Minister Maneka Gandhi inaugurated the 1st
modernised Anganwadi Centre in Hasanpur village,Sonepat,Haryana.
Haryana gov will launch Mhara Gaon-Jagmag Gaon scheme to supply uninterrupted
power to rural consumers besides strengthening distribution network and realising
outstanding payments.
Doordarshan partners with IB to produce 13 part serial on police martyrs.
Chief Ministers Sub-Group of NITI Aayog reached a broad consensus on reducing the
number of centrally sponsored schemes (CSS) to 30 from 72.
External Affairs Minister Sushma Swaraj arrived at Bangkok for the 16th World Sanskrit
Conference- signed MoU on establishment of Nalanda University.
India ranked 6th-best country for attractiveness to foreign investors among 110 countriesChina(65th) and U.S(50th), Hong Kong-(1st ).
Mumbai ranked 5th most budget-friendly city among 40 key tourists countries of the world,
Cancun, Mexico is the most expensive destination in the world.
Bank of Maharashtra and MUDRA(Micro Units Development and Refinance Agency) Bank
sealed a pact to finance new entrepreneurs and small businesses.
Indian envoy Ravi Thapar quits New Zealand after wife accused of assault.
Indian Railways(1.4m) and Indian Army(1.3m) at 8 th and 9 th largest employers in the
world-published by the World Economic Forum.
JSW Jaigarh Port Ltd signed agreement with Konkan Railway Corporation Ltd(KRCL) for
developing the 33.7-km railway corridor,connecting Jaigarh Port to the Digni station of
Konkan Railway-the project named as Jaigarh Digni Rail Ltd.
NITI Aayog given a policy push to build the countrys cyber defence system for enhancing
national security by Former chief of DRDO,Saraswat.
Infosys launched a mobile-based financial and business management solution Finacle SME
Enable to help banks enhance support and service for Small and Medium business
Enterprise(SME) customers.
CM Jayalalithaa flagged off 1st phase of the Chennai Metro-distance of 10.15km, consisting
of Alandur,Ekkathuthangal,Ashok Nagar,Vadapalani,Arumbakkam and Koyambedu Railway
stations.
Bharti Airtel become the worlds 3rd largest mobile operator with 303 million subscriber in
20 countries,China mobile operator(1st ),Vodafone Group of UK(2nd).
Indigo, Infibeam and Teamlease filed a draft prospectus for Initial Public Offering (IPO) to
list on the domestic stock market.
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MAY
2015 worlds largest solar photovoltaic plant(SPV)-Gurh tehsil in Rewa district MP, 2014
largest SPV plant is Topaz Solar Farm in California ,US.
Rajasthan Gov allocates Rs.12Cr for Project Great Indian Bustard(GIB)-bird conservation
programme-Khudi rasla,Pokhran & Shahgarhof Jaislmer district.
Dr.Mahesh Sharma inagurated Science Centre and Planetarium in PuducherryRs.5.5Cr-47th
Science Museum setup by National Council of Science Museums (NCSM).
BHEL commissioned Muzaffarpur thermal power station of Kanti Bijlee Utpadan Nigam
Limited (KBUNL) in Bihar.
BHEL commissioned GVKs shrinagar Greenfield hydro-electric project in UttarakhandAlaknanda River.
Lok Sabha passed the Goods and Services Tax(GST) Constitutional Amendment bill- 2015.
Union Cabinet Approves Amendments to Whistleblowers Act- corruption, misuse of power,
or criminal offence by a public servant.
Union Cabinet approves security scheme -APY(Atal Pension Yojna ) -18 to 40Yr,
PMJJBY(Pradhan Mantri Jeevan Jyoti Bima Yojana)-18 to 50Yr and PMSBY (Pradhan Mantri
Suraksha Bima Yojana)-18 to 70Yr.
India has currently signed co-operation agreements with 35 countries for peaceful uses of
outerspace design & operation,ISRO.
Rabindranath Tagore 154th birth anniversary-May 07.
India inks Chabahar Port deal with Iran-signed by Abbas Ahmad Akhoundi, Minister for
Transport and Urban Development of Iran-$2 billion.
ADB signed loan agreement worth 31 Million US dollars-to boost water availability in
selected river basins in Karnataka.
Prime Minister releases commemorative coin on Swami Chinmayananda Saraswatibirth
centenary-8 may,1916.
Gov launched Nirmal Ganga Sahbhagita Programme-objective of Clean Ganga.
Govt approves National Smart Grid Mission-Rs.980Cr with a budgetary support of Rs.338crthree tier structure.
Indian Army and Bank of India Inked an MoU on the Defence of Salary Package-1st MoU 2011, valid upto 3 years.
Haryana Govt included Deaflympics in sports policy-enable Deaflympian medalists to get
cash rewards, jobs and other benefits.
Goa Government launched hot air balloon & amphibious vehicles-picturesque state of
beaches.
INS Sardar Patel, the latest Naval establishment of Indian Navy, was commissioned at
Porbandar,Gujarat by Anandiben Patel, the CM of Gujarat.1st Commanding Officer of INS
Sardar Patel : Cmde BR Prakash.
Narendra Modi inaugurates IISCO steel plant Burnpur, West Bengal-Rs.16,000Cr300million tonnes of steel by 2025 .
Solar photovoltaic plant for IL&FSED Co in MP-2 plants- by Jawahar Nehru National Solar
Mission phase II.
Samajwadi water ATM scheme launched by the gov of UP- Samajwadi Shudha Payjal
Yojnas- Mr.Akilesh Yadav,CM of UP.
Azure Power commissions a largest solar plant in Jodhpur,Rajasthan-Inderpreet WadhwaFounder & CEO.
Cleanliness awards kayakalp for public health facilities to be launched by the gov- Health
Minister Mr.JP Nadda.
Punjab-1st state to issue Soil Health Cards to farmers.
India pavilion inaugurated by Rajyavardhan Rathore at Cannes 2015-68th film festival.
Govt to disinvest 5 % in NTPC and 10 % in Indian Oil.
6 th National Conference on Nuclear Energy -New Delhi,Theme was Nuclea Energy: a Clean
Energy option.
Union Information and Technology Minister Mr.Ravishankar Prasad inaugurates 1st postal
ATM-Bihar-9,000 post offices.
Draupadi Murmu from Odisha was sworn as the 1st woman Governor-Jharkhand.
12th International water expo Every thing about water Expo 2015-MumbaiParticipants
from over 21 Countries-May 21-23. outh Asias largest Water eet.
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President Pranab Mukherjee inaugurates 50th anniversary of Indias first historic climb of
Mt. Everest -1965- 21 mountaineers led by Captain M.S.Kohli-8848m.
Tathagata Roy-20 May 2015 was sworn-16th Governor of Tripura in Agartala.
Delhi government launched Pay and Play scheme to promote sports- facility will be totally
free for students & specially abled persons. For others : a nominal fee of RS 100/m upto 45
years and RS 75/m for above 45 years.
UP FDA asked Nestle to withdraw 2014 batch of Maggi- high levels of lead and Mono
Sodium Glutamate .
Union cabinet decides to restart Sindri unit of Fertilizer Corporation of India Ltd. ( FCIL )Rs. 6000 Cr-shutdown in 2002.
Two Indian naval ships,INS Satpura and INS Kamorta take part in naval exercise(SIMBEX)
with Singapore-Captain Mr.Hari Krishnan.
PM Modi launches DD Kisan channel-Rs.100Cr-bridge the informations gap in agriculture.
Lt GEN (Retd) Nirbhay Sharma-new Governor(17th)-Mizoram.
Micro Units Development Refinance Agency(MUDRA) bank partners with 19 regional
coordinates-11 lakh crore.
Software lobby NASSCOM(National Software and Services Company) along with Date
Security Council of India( DSCI ) Launches Cyber Security Task Force led by NIIT Ltd.
Manabi Banopadhaya-Indias first transgender college principal-Krishnanagar Women
College - West Bengal.
Mhara Gaon Jagmag Gaon scheme to be launched in Haryana-launched in those villages
where there is no power theft, where the consumers pay their bills regularly and where the
line losses are not more than 20%.
Tripura withdraws AFSPA(Armed Forces Special Powers Act),1958 from the state-may
27,2015.
Maharashtra got lauh ahhata aptapadi shee-provide the 8 lakh homes in urban
areas-Aamir Khan, Chief Minister Devendra Fadnavis, and Minister of State for Urban
Development Dr. Ranjit Patil.
HP gov sets up satellite tracking system to check forest fire-693 participatory.
Yaduveer Raj Urs crowned new Maharaja of Mysuru-Amba Vilas Palace.
Tenzing Norgay 101st Birthday celebrated- Darjeeling-reahed orlds highest mountain
peak, Everest, first in the world on 29th May.
1 st TEDx Gateway Women Conference in India - Mumbai -29th May, mission Ideas Worth
pereadigs.
HP becomes 1st state to implement ABPS(Aadhaar based Payment System) - Rs 76.53 CrRural Development Minister Anil Kumar.
Finance Minister Arun Jaitley, inaugurated New Bank Note Paper Line unit - Hoshangabad,
MP- 1000 Rs note- cost of Rs.495 Cr Cabinet approves India, Bangladesh coastal shipping
pact-cargo movement.
Vinod Pipersenia is new chief secretary of Assam- 45th chief secretary. Narendra Modi-1st
Indian PM to visit Israel and Palestine.
APRIL
The Govt of India has launched 4th evacuation Operation Raahat(5 ships and 4 aircraft)air and sea operation(two C-17 Globemaster planes) to evacuate over 4000 Indian
nationals from Yemen-Minister of State for External Affairs VK Singh.
Union Minister Nirmala Sitaraman unveiled Foreign Trade Policy (FTP)2015-2020. Two
Schemes are 1. Merchandise Exports from India Scheme (MEIS),2.Services Exports from
India Scheme (SEIS).
Gulshan Rai becomes Director General of Indian Computer Emergency Response Team
(Cert-In) as Indias first cyber Security chief .Gov web with gov.in and nic.in domains have
been hacked by cyber criminals since 2012.
Gov of India launched FAME(Faster Adoption and Manufacturing of Hybrid and Electric
vehicles)-to boost electric and hybrid vehicle sales.
GOI Extends National Food Security Act(NFSA) deadline by 6 months announced by Union
Food Minister Ram Vilas Paswan.
Parliament Passes Amendment to Regional Rural Banks Bill 2014- increases the authorised
capital of RRB to 2000Cr from 5Cr,balance book closed by Dec 31st every year.
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Law Commission of India on 12th 2015 submitted its report on Electoral Reforms to the
Union Ministry of Law and Justice.
New Delhis Indira Gandhi International (IGI) Airports terminal ID is all set to get India;s
first body scanner(mm wave scanner) from United states Trade and Development
Agenc(USTDA).
Supreme Court on 17th March,2015 struck down the center controversial decision to grant
reservation to Jats Community in jobs and educational institution terming it Negative and
retrograde governance-OBC quota.
Minister of State for Information and Broadcasting, Rajyavardhan Singh Rathore has
inaugurated the Vividh Bharati Service in FM(102.8 MHZ) mode of All India Radio in
Mumbai on March 17,2015.
Indias Air to Air missile ,ASTRA has been successfully test fired from a sukhoi-30 MKI
fighter aircraft at the Integrated Test Range, Chandipur, Odisha. IT Minister Ravi Shankar
Prasad launched Bharatniti.in,a public policy portal that attempts to put into perspective
policy using ancient yet contemporary approach held on March 18 at the Constitution
Club,Rafi Marg,Delhi.
Mr.Amitabh Bachchan to be the brand ambassador of its campaign against Hepatitis B-1.4
million deaths every year.
BJP go i Mahaashta has eae the aea at Gigau,Chopatt as Swaraj Bhoomi to
hoo the etea feedo fighte Lokaa Bal Gagadha Tilak.
GOI launched portal called Gahak uidha Keda Cosue Affais Miiste Ram
Vilas Paswan in Delhi,Ahmedabad,Bangalore,Jaipur,Kolkata and Patna to help consumers
register their grievances against misleading advertisements.
Rajyavardhan Singh Rathore (MoS for Information and Broadcasting) inaugurated 1st
national workshop on photography and videography in New Delhi.
Ratan Tata to head India Railways Kaya Kalp Council-improvement, betterment and
transformation of railways, union leaders-Shiv Gopal Mishra and M Raghuvaiah.
Indias 1st conference on Counter-Terrorism was held in Jaipur, Rajasthan for three days
(March 19 to 21).
Union Govt of India launched 15 day multi-media campaign to educate the public about
the importance of Immunization-Mission Indradhanush- JP Nadda in New Delhi.
Andhra Pradesh to named New Capital City as Amaravathi-famous pilgrimage center for
Hindus and Buddhists.
Indian Railways IRCTC Launched Ru-Pay pre-paid debit card-24th March 2015, passengers
can now book their tickets,do shopping and pay service bills using RuPay pre-paid cards.
GOI launched Twitter Samvad-direct communication between Gov and citizensplatform
provided by ZipDial.
The Ministry of Railways appointed Ajay Shankar committee on 25 March 2015 to review
the performance of the Public Private Partnership (PPP) under the Railway Board.
Union Cabinet Committee on Economic Affairs (CCEA) approved the National Super
Computing Mission on 25th MAR,2015.
Gov on 26th march 2015 announced the results of the biggest auction of 2G and 3G air
waves after Supreme Court lifted its ban- spectrum of bands 800, 900, 1800 and 2100 .
The Railway Minister Suresh Prabhu on 27 March 2015 flagged off 1st goods train from
Lumding to Silchar in Assam-210Km.
Himachal Pradesh Gov launched E-Vidhan Mobile apps enable all 68 members of state
assembly to get the entire House business on their smartphones and tablets, laid in the
House 45 minutes before the beginning of the daily proceedings.
India will host the seventh Asian Ministerial Conference on Disaster Risk Reduction
(AMCDRR) in 2016-announced by Home Minister of India Rajnath at the 3rd UN World
Conference on Disaster Risk Reduction held in Sendai, Japan.
India has become the third-largest steel producer in the world by overtaking US in 2015
world steel association (WSA)-14.56 million tonnes.
Fast Patrol Vessel (FPV) named Anagh and Two Interceptor Boats named C-430 and C-417
were commissioned into indiaa coast guards Eastern fleet by lieutenant General Ajay
kumar singh(retd),governor of Governor of Puducherry in a traditional ceremony in
Chennai.
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Glenmark Pharmaceuticals barred by Delhi High Court (HC) from making, marketing or
selling its anti-diabetes medicines-infringed drug giant Merck Sharp and Dohme (MSD).
Andhra Pradesh gov,National University of Singapore(NUS) and Confederation of Indian
Industry(CII) have signed MoU to Doing Business in the state.
BJP has become the largest political party in the world in the past five months taking its
membership to 8.80crore.
INTERNATIONALAFFAIRS
JUNE
Gov of Mauritius designated Ameenah Gurib-Fakim as the new president of the island
nation-first woman.
India and Sweden inked six agreements during the visit of President Pranab Mukherjee to
Sweden-1st Indian president visit Swedan.
US removed Cuba from its list of State Sponsor of Terrorism,paving the way for
normalizing ties frozen announced by US State Department spokesperson Jeff Rathke.
Nobel peace prize winning organisation OPCW(Organisation for the Prohibition of Chemical
Weapons) achieved major milestone of destroying 90% of the global chemical weapons
stockpile.
India ranked 59th in the rule of law index- USA based World justice project.
WJP Rule of Law index-Indias overall rule of law performances places it in 3rd position out
of six in South Asian region basecountries 10 out of 25.
Criminal justice-India is placed at 44 rank globally, number 1 in South Asia and number 4
among lower middle income groups .
Civil justice-India is placed at 88 globally,3rd in South Asia and 19th among lower middle
income group countries.
India and Belarus recently signed 6 agreements-to boost co-operation
Roadmap for India-Belarus cooperation.
Protocol to amendment.
MoU on cooperation in the field of Standarisation and Information Support.
MoU For Manufacturing and Marketing of Light industry Goods.
India and USA signed 2015 Framework for the India-US Defence Relationship by Manohar
Parrikar of India and Ashton Carter ,US Secretary of Defence.
Intergovermental agreements between India and Netherlands signed in New Delhi in order
to enhance the bilateral cooperation between the two nations-Indian PM Narendra Modi and
PM of Netherlands Mark Rutte.
61st edition of the annual list of top Global 500 companies released by Fortune MagazineWalmart topped,Exxon Mobil-2nd,Chevron-3rd,Berkshire Hathaway- 4 th,Apple-5th .
South Korea test-launched a new ballistic missile-range 800Km.
India PM announced $ 2 billion line of credit for Bangladesh,quick implementation of the
previous line of credit of $ 800 million and full disbursement of $ 200 millionLand Boundary
Agreement (LBA).
India,Bangladesh launch 2 bus services-Kolkata-Dhaka-Agartala and DhakaShillongGuwahati flagged off by PM Modi and West Bengal Chief Minister Mamata Banerjee. during
PM Narendra Modis maiden visit to Bangladesh.
Bangladesh signed two MOUs with the two major Indian companies, Adani($2.5 billion )
and Reliance($3 billion ) to set up 4,600 MW power plants in the country.
Doctors from Texas State of US successfully perform worlds first skull-scalp transplanthead wound from cancer treatment- James Boysen,software developer from Austin.
India imposed anti-dumping duty for certain stainless steel products imported from China,
Malaysia and South Korea.
Mauritius(29%) regained the position as top source of foreign direct investment (FDI) into
India by pushing Singapore to the second slot in 2014-15.
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Japan passed legislation to lower the voting age to 18 from 20 years allowing teenagers to
vote for 1st time.
India ranked 143/162 countries on 2015 Global Peace Index-Iceland(1st),Denmark
(2nd),Austria(3rd),NewZealand(4th),Switzerland(5th),Finland(6th),Canada(7th),Japan(8th)
Australia(9th) and Czech Republic(10th).
National Assembly of South Korea approved the appointment of Hwang Kyo-ahn for Prime
Minister.
Russia and Saudi Arabia plans to sign a broad cooperation agreement at an economic
forum in St Petersburg.
Money held by Indians in Swiss banks fell by over 10% last year to 1.8 billion Swiss franc
(Rs 12,615 crore)-enhanced clampdown against the famed secrecy wall of Switzerlands
banking system by Indian and other governments.
Indian-origin MP Keith Vaz,re-elected as Chairman of Home Affairs Select Committee
(HASC) in House of Commons of UK Parliament.
China and Australia signed the China-Australia Free Trade Agreement(ChAFTA) at Canberra
in Australia by Chinas Commerce Minister Gao Hucheng and Australias Trade Minister
Andrew Robb.
India and Tanzania signed agreement for cooperation in various fields in New Delhi, in the
presence of Indian PM Narendra Modi and President of Tanzania Jakaya Mrisho Kikwete
Suvarnabhumi Airport of Bangkok was the worlds fastest wifi service according to a survey
conducted by internet speed-test watchdog RottenWifi in over 130 airports.
Scientists named a newly discovered galaxy after the Portuguese football player Cristiano
Ronaldo-labeled as CR7 (COSMOS Redshift 7).
New York Artist Michael Mandiberg created a print edition of Wikipedia in 7,600 volumes
and is priced at $500,000.
Nathu La opens a new route for Indian pilgrimags travelling to Mansarovar expand road
connectivity between the two countries.
Commemorations of the 200th anniversary of the Battle of Waterloo held in Belgium
Philippines began naval exercises with the US and Japan, amid shared and growing concern
at Chinese island-building in the disputed South China Sea.
World Bank pledges USD 500 million for quake-hit Nepal.
Sri Lanka, China begin joint military training exercise Silk Route- 2015(3 phases,20
days)at Colombia. Major General Jagath Dias inaugurated the training exercise at the Army
Headquarters.
Typhoon Kujira,8th typhoon of 2015-made landfall in south Chinas Hainan Province.
UK changed to its immigration rules-will hit Indian Nurses.
Parliament of Iran passed a bill obliging the government to safeguard the countrys nuclear
rights and achievements-met by anger from President Hassan Rouhanis government.
European Union launched naval operation against human smugglers and traffickers in the
Mediterranean called EUNAVFOR Med.
Japan marked the 70th anniversary of the end of the Battle of Okinawa.
Russia and Saudi Arabia ink nuclear energy agreement pact for 1st time-by general director
of the state corporation ROSATOM Sergey Kiriyenko and president of the King Abdullah City
for Atomic and Renewable Energy (KACARE) Hashim Abdullah Yamani.
Bobby Jindal becomes 1st Indian-American to run for president of US.
U.S,India and USA signed MoUs on health, to enhance cooperation in areas cancer
research, infrastructure development, training and new diagnostic technologies.
National Security Agency eavesdropped on the last three French presidents by WikiLeaks.
Vatican signed a historic first agreement with Palestine- cover the activities of the Church
in the parts of the holy land under Palestinian control.
BRICS Bank (New Development Bank) is expected start operations by April 2016,
President.
U.S. Supreme Court declared that same sex couples have a right to marry anywhere in US.
7 th Parliament of Sri Lanka dissolved-elections will be held on August 17.
Australia joined Asian Infrastructure Investment Bank(AIIB) by contributing 930m
Australian dollars equivalent to USD $718.5m over five years.
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A sign of Indias deepening maritime security cooperation with Indian Ocean littoral
nations,INS Teg a stealth frigate of the Indian Navy docked at Port Victoria in Seychellesjoint surveillance in Seychelles Exclusive Economic Zone(EEZ).
Researchers successfully produced the first 3-D anatomic model of a patients heart using
two common imaging techniques.
Mozambique scrapped the ban on homosexuality-victory for campaigners for gay rights in
Africa.
Afghan President Ashraf Ghani nominated a female judge(1st time) to the Supreme Court.
MAY
Tunisia unfrul Worlds Largest Flag- Ong Jmel in the southern desert-size of 19 football
pitches- 104,544 square metre- weighed around 12.6.
India ranked 140th in 2015 Mothers index out of 179 countries-Norway (1st), Finland
(2nd), Ireland (3rd), Denmark(4th) and Swedan (5th).
7.2 magnitude earthquake struck in the Pacific between Papua New Guinea(PNG) and the
Solomon Islands- depth of 22 Kms.
Global Travel Tourism-India moved to 52nd place from 13.
56 of the worlds 2000 powerful companies is from INDIA-Forbes, Reliance Industries-1st
place ,SBI[132],ONGC 183,Tata Motors [263],ICICIBank [283],Indian Oil[349],HDFC Bank
[376],NTPC [431],TCS [485].
Singapore PM Lee opened first museum Indian Heritage Centre in Little India.
Army helicopter crashed in a mountainous part of northern Pakistan killing seven
people,including the Philippine & Norwegian ambassador.
North Korea successfully test-fired Submarine-Launched Ballistic Missile(SLBM)- May,8.
Russia celebrates victory day- secular holiday- Chinese President Xi Jinping.
PM David Cameron and Conservatives Back with Clear Majority in British general electionwon with 331 seats.
Modi inaugurate 1st Gandhian studies centre in china- Fudan University on may 16th .
116-year-old Malaysian woman is worlds oldest person- Yati Musdi.
British-Indian Priti Patel appointed UKs employment minister
President Mukherjee inaugurates Namaste Russia in Moscow- festival of Indian CultureKrasnoyarsk.
Wealth-X , Indian tech billionaire, Mr. Arul Pudur(software firm Celframe) has been rnked
as the Indias wealthiest businessman under the age of 40.
Kiran Mazumbar-shaw (biocon founder) ranks second in the global of medicine MakersAnthony Fauci ,US-1st .
1 st Asian woman appointed mayor in UK- Harbhajan Kaur Dheer.
Indian- Gagan Toor wins the NASA contest to name a mercury crater-Enheduanna.
Human Capital Index-India at 100, Finland at number 1-46 indicators.
Indian-American boy wins National Geographic Bee-held at National Geographic
headquarters.
E-visas for Chinese Nationals- 2015 & 2016 have been chosen as Visit India & Visit China
years respectively-still 200000 people visited.
Indian origin boy Shubham Banerjee working with Microsoft, developing braille printers.
Canada sets a target to reduce greenhouse gas emissions by 30 % by 2030.
India and China signed a record 24 agreements in key sectors, including in railways and
education, on day.
Modi inaugurates ICICIs first Braunh in china - Shanghai-17 banking professionals.
PM visits Gandan monastery in Mongolia, gifts Bodhi sapling-signed 14 agreements.
Former Army Brigadier David Granger sworn- as 8th President of Guyana.
Asia cecomes worlds largest investor region: UNCTAD;United Nations Conference on Trade
andDevelopment )report-440 billon Dollars.
Indian PM gifts woven pashmina stoles to Korean President Park Geun-Hye.
Obama broke a robet Downey Jrs(23hrs) Guinness world record to garner one million
twitter followers in less than 5 hrs, account-@POTUS.
Indian American Yale University professor-Akhil Amar posted as the prestigious Council on
Humanities.
Ancient Syrian city of Palmyra(Pearl of desert) under ISIS control.
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Muhammadu Buhari elected as the new President of Nigeria-1st Nigerian to oust a
president through the ballot box.
Top Ten most Dangerous Countries in the World- based on the Country Threat
Index(CTI).1.Iraq,2.Syria,3.Nigeria,4.Somalia,5.Afghanistan,6.Libya,7.Yemen,8.
Pakistan,9.Ukraine,10.Egypt.
India ranks 119 out of 130 countries, FM Global Business Resilience Index by Norway.
1.Economic Productivit-115th ,2.Risk Quality-109th,3.Supply Chain to assess business
resilience of the countries-89th.Top countries 1.Norway,2.Switzerland,3.Netherlands
&10.US.
Social Progress Index(SPI) Rankings-India secured 101.Norway -1st while US 16th .
Chennai based Nivetha Pethuraj crowned as Miss India UAE at the Al Raha Beach Hotel in
AbuDhabi.
Indian-origin Satya Nadella(CEO of Microsoft) tops global CEO in pay chart-Rs.525 crore
per year.
BHEL and Russian firm INTMA inked MOU to set up agas-based power project in
Kazakhstan.
Raja Rajeshwari became 1st Indian American criminal court judge in New York City.
Yale University of USA has named 2 Indians in the 2015 World Fellows. Zeena Johar, Sugha
Vazhvu and Rahul Pandita.
China & Pakistan to tie up with CPEC(China -Pakistan Economic Corridor) agreements
signed-Chinese President Xis first foreign trip for the year 2015.
Pakistan gov conferred the countrys top most civilian award named Nishan-e-Pakistan to
the President of China,Mr.Xi Jingping.
Indian-US Vivek Murthy oath as 19th US Surgeon General.
Nepals famous heritage site,Dharahara Tower, as it collapsed after an earthquake,it was
built in 1832 in 19th century.
Seychelles, an archipelago of 90000 inhabitants became the 161st member of the World
Trade Organization (WTO).
Nursultan A Nazarbayev re-elected as President of Kazakhstan.
Barack Obama Remove cuba from state Sponsor of Terror List.
Pakistan and Russia agreed to hold first-ever joint military exercise to enhanced defence
cooperation.
Chhurim Sherpa,1st woman to climb the 8850 metre (29035 feet) Mount Everest summit
twice in a week.
Abhishek Bachchan campaigns for UK general elections.
India Shifts Embassy From Yemens capital sanas to Dijbouti.
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MARCH
Microsoft co-founder Paul Allenhas discovered the famous War ship of World War IIJapas
Musashi and its sister ship yamato in Sibuyan Sea, a seabed of Philippines.
Forbes world Billionaire list is the Annual ranking of world;s Wealthiest people, compiled
and published by an American Magazine called Forbe.
1. Bill Gates-U.S. $ 79.2 -B 59 -Microsoft.
2. Carlos Slim Helu Mexico-$77.1-B 75-telecom.
3. Warren Buffett U.S-$72.7-B 84-Berkshire Hathaway.
4. Amancio Ortega Spain-$64.5-B 78-Zara.
5. Larry Ellison-U.S. $ 54.3-B 70- Orcale.
Nigerias terror group Boko Haram pledged allegiance to the Islamic state in a audio
message.
Switzerland based solar impulse ,worlds 1st day and night solar powered bodied plane visit
stop on Ahmedabad 10th March 2015.
India PM Narendra Modi and Seychelles President of Seychelles James Alix Michel signed
Four pacts to boost security cooperation.
The United States of America has declared Venezuela (officially called the Bolivarian
Republic of Venezuela) a national security threat.
3 rd World Conference On Disaster Risk Reduction (WCDRR) -proposed to take place in
Sendai,Japan from 14-18,Mar,2015.
India PM Narendra Modi and Mauritius PM Anerood Jugnauth signed 5 agreements in the
field of Ocean Economy.
United Arab Emirates won unanimous vote to host AFC Asian Cup 2019 on 9th March 2015.
India PM Narendra Modi and Sri Lankan Prime Minister Ranil Wickremesinghe-Four
Important Pacts signed(Visa,Customs,Youth Development, Building Rabindranath Tagore
memorial in Sri Lanka).
Japan and France signed an important defence pactregarding the transfer of military
equipment and technology.
Maldives Former President Mr Mohamed Nasheed was sentenced to 13 years in prison after
being found guilty of terrorism.
Prime Minister Narendra Modi flagged 1st train service from Thalaimannar to Madhu Road
in Northern Sri Lanka.
Mahatama Gandhis statue has been unveiled in londons parliament square by finance
minister,Shri Arun Jaitely along with Shri Amitabh Bacchan.
Pakistan successfully test fired its 1st indigenous all-weather armed drone Burraq and a
laser guided missile Barq.
Facebook acquired shopping search engine TheFind.com.
Union Government of India and the Central Asian Republic of Kyrgyzstan have signed a
pact on cooperation in the textiles sector( Textiles and clothing, Silk and
Sericulture,Fashion).
China becomes the 3rd Largest Exporter of Arms in World-share of the global arms market
rose by 143 per cent from 2010 to 2014 by Stockholm International Peace research
Institutes report
Israels PM Benjamin Netanyahu wins the election by defeating his main rival ,Isaac
Herzog.
World justice Projects(WJP) report,India ranked 37 out of 102 countries in Government
Transparency Index-Sweden(1st),New Zealand(2nd) & Norway(3rd).
India and energy-rich Qatar signed six important agreements-to boost trade and
investments.
Katsushi Inoue was appointed as President & CEO of Honda Cars India Ltd(HCIL).
Stephen Hawking ,The worlds most famous theoretical physicist joined trademark of their
name club.
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BANKING
1.
2.
3.
4.
5.
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46. India Brand Equity Foundation (IBEF) in the third week of June 2015 released a report on
Intellectual Property Rights (IPRs) filing in India during 2013-14. While Maharashtra topped
the list of states and Union Territories (UTs), Bengaluru was the top city in IPR filing.
47. Odisha State Co-op Bank launches Bank on Wheels.
48. Bank of India has partnered with insurance companies New India Assurance Co and Star
Union Dai-ichi Life Insurance to roll out the governments social security insurance
schemes.
49. Bank of Baroda, a leading Indian public sector bank, has tied up with UAE Exchange to
offer an instant cash transfer facility to NRI customers.
50. BharatiyaMahila Bank (BMB) has won The Asian Banker Achievement Award 2015. 35.
The government has raised the limit of foreign direct investment in pension sector to 49
per cent in line with the FDI cap in the insurance sector.
51. Corporation Bank and New India Assurance Company Ltd signed a memorandum of
understanding (MoU) for implementing PradhanMantriSurakshaBimaYojana [PMSBY],
central government`s scheme to provide security against personal accidental risk and
permanent or partial disability.
52. Insurance Australia Group (IAG) has decided to increase its stake in State Bank of India's
general insurance arm to 49 per cent from 26 per cent.
53. IndusInd Bank has agreed to buy Royal Bank of Scotland diamond and jewellery financing
business in India.
54. Canara Bank has entered into a memorandum of understanding with Life Insurance
Corporation of India for offering the PradhanMantriJeevanJyotiBimaYojanainsurance cover
to all its eligible customers.
55. An extremely simplified income tax return form will soon replace the controversial 14-page
ITR that sought information like all bank accounts and foreign trip details.As it stands, the
new ITR forms, including the ITR-1 and ITR-2, require an assessee to furnish the number
of bank accounts held by the individual.
56. Axis Bank, the country's third largest private sector bank now facilitates instant transfer of
money on various social media channels like Whatsapp, Facebook, Twitter, Email list and
phone contact list.
57. Top private sector lender ICICI Bank opened its first branch in China, which was
inaugurated by Prime Minister NarendraModi.
58. HDFC Bank has launched 'HDFC Bank Apollo Medical Benefits Card'.
59. As part of Make in India, Finance Minister ArunJaitely inaugurates Indigenous New Bank
Note printing lines at Security Paper Mill in Hoshangabad.
60. ICICI Launches Voice Password Facility for Phone Banking.
BankName,CMD,Headquarter&Tagline
State Bank Groups
BANK NAME
CMD
State Bank
of India
Arundhati
Bhattacharya(Chairma
n)
Jyoti Ghosh ,MD
State Bank
of Bikaner &
Jaipur
State Bank
of
Hyderabad
State Bank
of Patiala
HEADQUART
ER
Mumbai
TAGLINE
Jaipur
Santanu Mukherjee,MD
Hyderabad
Modern.Innovative.Dependabl
e
S. A. Ramesh
Rangan,MD
Patiala
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State Bank
of Mysore
State Bank
of
Travancore
Sharad Sharma,MD
Bengaluru
Jeevandas Narayan,MD
Thiruvanantha
puram
Nationalised Banks
BANK NAME
Allahabad Bank
Andhra Bank
Bank of Baroda
Bank of India
Bank of Maharastra
Canara Bank
Central Bank of
India
Corporation Bank
Dena Bank
Indian Bank
Indian Overseas
Bank
Oriental Bank of
Commerce
CMD
Rakesh Sethi
Satish Kumar Karla
(Additional charge)
Ranjan
Dhawan(Additional
Charge)
B.P
.Sharma(Additional
Charge)
Sushil Muhnot
P.S.Rawat(Additional
Charge)
Rajeev Rishi
HEADQUARTER
Kolkata
Hyderabad
TAGLINE
A tradition of trust.
Where India Banks
Vadodara,Gujarat
India's International
Bank.
Mumbai
Relationship beyond
banking.
Pune
Bangalore
Mumbai
Mangalore,Karnataka
Mumbai
Chennai
Animesh Chauhan
Gurgaon,Haryana
Chennai
BANK NAME
CMD
HEADQUARTER
TAGLINE
New Delhi
Gauri Shankar
New Delhi
Syndicate Bank
UCO Bank
Union Bank of India
Arun Shrivastava
Arun Kaul
Arun Tiwari
Manipal,Karnataka
Kolkata
Mumbai
P.Srinivas
Kolkata
Vijaya Bank
Kishore kumar
sansai
Usha
Ananthasubramanian
M.S.Raghavan
Bangalore
Mumbai
Exim Bank
Harsh Kumar
Bhanwala
Yaduvendra Mathur
ECGC
Geetha Muralidhar
Mumbai
New Delhi
Mumbai
Mumbai
CurrentAffairsPDF:May2015
Sanjiv Misra
ICICI Bank
MD&CEO
Shikha Sharma
HEADQUARTE
R
Mumbai
Mumbai
YES Bank
Chanda
Kochhar
Rana Kapoor
HDFC Bank
Aditya Puri
Mumbai
Romesh Sobti
Mumbai
IndusInd Bank
R.Seshasayee
Kotak Mahindra
Bank
Catholic Syrian
Bank
City Union Bank
Uday Kotak
Dhanlaxmi Bank
T.Y.Prabhu
G.Sreeram
Federal Bank
Abraham Koshy
Jammu&Kashmi
r Bank
Karnataka Bank
Mushtaq Ahmad
Shyam
Srinivasan
Mushtaq Ahmad
Karur Vysya
Bank
Lakshmi Vilas
Bank
Katta Pradyumna
kumar
K.Venkatarama
n
Rakesh Sharma
Nainital Bank
Suresh Kumar
Gupta
Suresh Kumar
Gupta
Vishwavir Ahuja
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Foreignminstersushmaswarajforeigntrips&Importance201415
1.BANGLADESH --Abul Hassan Mahmood - LAND BOUNDRY ISSUE
2.BHUTAN--maiden foreign tour to the himalayan kingdom of Bhutan with which India shares a
special relation from decades.
3.NEPAL-- co-chaired the Indo-Nepal Joint Commission meeting and also prepared the ground for
Modi's scheduled visit
*Participated in the SAARC Foreign Minister's meeting in Kathmandu
4.MYNAMAR-- 2014 ASEAN Regional Forum and EAS Foreign Ministers meeting.
5.SINGPORE--Singapore's investment in India and their potential role in Modi's petsmart city
project
6.VIETNAM--cooperation in offshore rigs on South China sea provided by Vietnamese authority
to ONGC Videsh.
7.BHARAIN-- promotion of
Overseas investments into India & Facilitation of business
partnerships
8.AFGANISTAN-- Strengthen the Indo-Afghan strategic security cooperation following NATO
withdrawal from the country by end of 2014
9.TAJITKISTAN--Attend
the
13th
Annual
summit
of
the
Shanghai
Cooperation
Organization(SCO)
10.USA -- Attend foreign ministers level meet of several special grouping such as IBSA, G4,
BRICS, SAARC among others. She will then accompany Modi in his trip to Washington, D.C
11.UK --She has inaugurated the Regional Pravasi Bharatiya Divas in London.
12.MAURITUS--celebrate Apravasi Divas, marking 180 years since the first Indian indentured
labourers arrived in Mauritius
13.MALDIVES -- commitment towards prosperity, stability and security of Maldives.
14.UAE--bilateral relations and took stock of progress and development in joint cooperation in
many areas and looked into the ways of enhancing them for common interests.
15.SOUTH KOREA--Trade and investments to top the agenda including joint shipbuilding
ventures will be endorsed heavily under Make in India programme.
16.CHINA--Russia-India-China (RIC) trilateral foreign ministers meeting in Beijing.
17.OMEN--Maiden visit to the Sultanate of Oman, the country with which India shares warm
bilateral relations in the gulf.
18.SRILANKA --Discussion on bilateral issues with her counterpart Mangala Samaraweera.
19.TURKMENSITAN--TAPI gas pipeline issue
20.INDONESIA -- Indonesia to join the celebration of 60 years of Bandung Congference
21.SOUTHAFRICA -- Third India Africa Forum Summit.
22.BANGKOK --- from 27-29 June 2015 to co-chair the 7th Meeting of India-Thailand Joint
Commission (JCM) and to attend the 16thWorld Sanskrit Conference in Bangkok.
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HIGHLIGHTSOFUNIONBUDGET201516
TAXATION
Abolition of Wealth Tax.
Additional 2% surcharge for the super rich with income of over Rs. 1 crore.
Rate of corporate tax to be reduced to 25% over next four years.
No change in tax slabs.
Total exemption of up to Rs. 4,44,200 can be achieved.
100% exemption for contribution to Swachch Bharat, apart from CSR.
Service tax increased to14 per cent.
AGRICULTURE
Rs. 25,000 crore for Rural Infrastructure Development Bank.
Rs. 5,300 crore to support Micro Irrigation Programme.
Farmers credit - target of 8.5 lakh crore.
INFRASTRUCTURE
Rs. 70,000 crores to Infrastructure sector.
Tax-free bonds for projects in rail road and irrigation.
PPP model for infrastructure development to be revitalised and govt. to bear majority of the
risk.
Atal Innovation Mission to be established to draw on expertise of entrepreneurs, and
researchers to foster scientific innovations; allocation of Rs. 150 crore.
Govt. proposes to set up 5 ultra mega power projects, each of 4000MW.
EDUCATION
AIIMS in Jammu and Kashmir, Punjab, Tamil Nadu, Himachal Pradesh, Bihar and Assam.
IIT in Karnataka; Indian School of Mines in Dhanbad to be upgraded to IIT.
PG institute of Horticulture in Amritsar.
Kerala to have University of Disability Studies.
Centre of film production, animation and gaming to come up in Arunachal Pradesh.
IIM for Jammu and Kashmir and Andhra Pradesh.
DEFENCE
Allocation of Rs. 2,46,726crore; an increase of 9.87 per cent over last year.
Focus on Make in India for quick manufacturing of Defence equipment.
WELFARE SCHEMES
GST and JAM trinity (Jan DhanYojana, Aadhaar and Mobile) to improve quality of life and to
pass benefits to common man.
Six crore toilets across the country under the Swachh Bharat Abhiyan.
MUDRA bank will refinance micro finance orgs. to encourage first generation SC/ST
entrepreneurs.
Housing for all by 2020.
Upgradation 80,000 secondary schools.
DBT will be further be expanded from 1 crore to 10.3 crore.
For the Atal Pension Yojana, govt. will contribute 50% of the premium limited to Rs. 1,000
a year.
New scheme for physical aids and assisted living devices for people aged over 80.
Govt. to use Rs. 9,000 crore unclaimed funds in PPF/EPF for Senior Citizens Fund.
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New scheme for depositors of gold to earn interest and jewellers to obtain loans on their
metal accounts.
To develop an Indian gold voin, which will carry the Ashok Chakra on its face, to reduce the
demand for foreign coins and recycle the gold available in the country.
FINANCIAL SECTOR
Forward Markets Commission to be merged with the Securities and Exchange Board of
India.
NBFCs registered with the RBI and having asset size of Rs 500 crore and above to be
considered as financial institution under Sarfaesi Act, 2002, enabling them to fund SME
and mid-corporate businesses.
Permanent Establishment norms to be modified to that mere presence of offshore fund
managers in the country does not lead to adverse tax consequences.
Rail budget 2015-16
No increase in fairs for daily passengers but railway freight hiked 10% for urea, 2.7% for
cement and 6.3% for coal, 0.8% for iron and steel.
No new trains will announced for this current year.
Increasein the number of bio toilets and vacuum toilets like airplane in trains.
Water wending machines will installed on stations to arrange drinking water for
passengers.
To make train and stations clean ,this scheme is launched under Swach Bharat Abhiyan
Under Swach-Rail scheme railways are going to setupnew department of cleanliness and
going to engage professional agencies for training of cleaning staffs on 650 major stations.
Railway is going to setup Alarm announcing system at no man crossing with help of IIT
Kanpur.
FDI Limit__
Agriculture-100%
Asset Reconstruction Companies--100%
Civil Aviation--100%
Commodity Exchanges--49%
Courier Services--100%
Credit Information Companies--74%
Defence--49%(Defence Raised to 49% from 26%)
e-commerce B-B --100%
Insurance--49%
Multi Brand Retail--51%
Pension--26%(Pension Raised to 49% from 26%)
Petroleum and Natural Gas--49%
Power Exchanges--49%
Print Media--49%
Private Sector Banks--100%
Public Sector Banks--20%
Single Brand Retail--49%
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Fortune/Forbes/World/Asiapacific/Britain2015
1.
2.
3.
4.
5.
SCIENCE&TECHONOLOGY&DEFENCE
1. MEGA-TROPHICS -- INDO -FRENCH - satellite mission watercycle in the tropical
atmosphere
2. NAVIAGATIONSATELLITES_
IRNSS-1A_PLV-C22
IRNSS-1B_PLV-C24
IRNSS-1C_PSLV-C26
IRNSS -1D_ PSLV-C27
3. GSLV MARK -3 -X launched --CARE crew module atmospheric reentry experiment
4. GSAT- 16 - INSAT-3E decommissioned satellite by ISRO
PLANETS & SPACECRAFTS
1. MERCURY -- Messenger -- NASA
2. VENUS--- Venus express-- ESA
3. MARS--- Curiosity ,Maven-- NASA , India --MOM
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4.
5.
6.
7.
8.
9.
INDIADEFENCE&NAVALEXERCISES
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CHINA --*Wu-14 -- Hypersonic strike vehicle , Yaogan -23 Remote sensing satellite ,DF-41
- multi war head super ballistic missile ,CHANG'e-5 --unmanned space craft
INDIA - ISRAEL-- LRSAM missile tested -70km range
JAPAN--IZUMO - largest warship - visted by manoharparikar.
BEAGLE -2 / mars express - by European agency
SPACE -X launched falcon 9 rocket from florida
RUSSIA--Angara - A5 rocket W/missile attack warning spy
*CBERS 4 -- china & brazil - earth resources satellite
* ARSAT-1 -- Argentina domestic commuincation satellite
Recent power projects _ 2015
ARUN -3 hydro power project india helps - nepal
RINL -- commissions green power project pollution free - 120 MWcapcity
SPVs (Special purpose vehicles) coal locked states project -- chattisgarh , jharkahand ,
odhisa
BHEL - 800MW - Kothagudam - telengana
BHEL commission 147MW power plant in rwanda
BHEL , russian firm INTMA ink powerplant in Kazakhstan
BHEL commissioned 600MW thermal unit at dhabra in chattisgarh --600MW
ADANI -Largest solarpark -- rajasthan --10000MW
MODI - Inaugurated -- power plant khandwa district Mdhya pradesh- 600 MW
MODI - Inauagrated 2nd unit palatana power project in tripura
REWA - 750MW solar project - MADHYA PRADESH
INDIARANKINGATGLANCE_2015
1. HIGHEST FOREIGN REMITANCE-1
2. BEST INVESTMENT DESTINATION -1
3. BIGGEST ARMS IMPORTER - 1 (as per SIPRI report)
4. ECONOMIC CONFIDENCE INDEX - 1
5. LARGEST HINDU POPULATION -1
6. AGRICULTURE & ALLIED SECTOR -2
7. POPULATION - 2
8. ISLAM POPULATION -2
9. SIZE OF THE ARMED FORCES -2
10. CYBER INSECURITY -2
11. National Governments 2014(OECD) -- 2
12. PPP PURCHASING POWER PARITY -3
13. INTERNET USERS RANK -3
14. BANKING -3
15. CARBON EMISSION -4
16. STEEL - 4
17. GLOBAL TERRORISM INDEX -6
18. GDP LARGEST - 7
19. DIGITAL GOVERNANCE - 8
20. INSURANCE - 10
21. BIGGEST ECONOMY(SIZE) -11
22. SERVICES -12
23. NUCLEAR POWER ELECTCITY GENERATION -13
24. RETAIL SECTOR -20
25. NUCLEAR MATERIAL SECURITY-23
26. INTELLECTUAL PROPERTY RIGHTS-29
27. CARBON EMISSION RANK -31
28. MONEY LAUNDERING - FATF -34
29. OPEN GOVERNMENT INDEX - 37
30. MORTALITY RATE -46
31. SUCIDE RATE INDEX - 47
32. TRAVEL & TOURISM INDEX -52
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Mergersandacquisitions201415
SNAPDEAL
*Mobile-payments company-- FreeCharge.com
* Majority stake ofwhich provides a digital platform for financial products --RupeePower
*LOGASTIC company ---20% stake in Gojavas.com
*Luxury fashion products discovery site--Exclusively.in
GOOGLE
*Mobile software--Timeful
*3D Painting --Tilt Brush
*Surround sound technology--Thrive Audio
*App advertising and discovery -- REDHOT LABS
FACEBOOK
*Video compression company --Quickfire
*THE FIND --Ecommerce
*whatapp-19B$
APPLE
*Augmented reality--Metaio
*Maps --Coherent Navigation
*Camera COMPANY --LinX
ALIBABA
*US online retailer Zulily --US$56 million stake in
*Chinese smartphone maker Meizu - $590m minority stake
*25% stake in Paytm
MICROSOFT
*Text Analytics Service--Equivio
*Statistical computing and predictive analytics--Revolution Analytics
*Sunrise Atelier--Calendar Applications
FLIPKART
*Acquires to strengthen its mobile platform--Appiterate
*global mobile network-- AdiQuity
*Acquired Myntra.com in an estimated -- 20 billion
Nokia
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ImortantDayThemes
World Youth Skills Day---15th July---- Youth skills for work and life in the post-2015
agenda
World population day ---11th july----Vulnerable populations in Emergencies
9th National statistics day---29th June---Social development
International day against Drug Abuse and Illicit trafficking---26 june---Lets develop our
lives,our communities,our identities without drugs.
World blood donors day---14th june---Thank you for saving my life
World day against child labour12th june---No to child labour---YES to quality education.
World Ocean Day---8th juneHealthy oceans,Healthy planet.
World environment day---June 5thSeven Billion Dreams.One planet.Consume with care.
World Refugee day---June 20th---With courage let us all combine.
World Elder Abuse Awareness day---15th june--- Falling Between the Cracks: Abuse and
Violence against Older Women Marking World Elder Abuse Awareness Day 10 years
on.
International Day of United Nations PeaceKeepers---29th May---Together for peace.
International day to end Obstetric fistula---May 23rd---End fistula,restore womens dignity.
International day of cooperatives---4th july---Choose co-operative,choose equality.
International day of families15th may---Men in charge?Gender equality and childrens
righs in contemporary families.
World asthma day---5th mayyou can control your asthma.
International day for biological diversityMay 22nd---Biodiversity for sustainable
development
International clinical trials day---May 20thPatients first
World press freedom day3rd mayJournalism thrive!Towards better reporting ,gender
equality and media safety in the digital age.
International Day of united nations peacekeepers---29th may---Together for peace.
World malaria day---25th april---Invest in the future .Defeat malaria.
International Mother Earth day---22nd april---Its our turn to lead.
World Haemophilia day---17th aprilBuilding a family of support.
World Health Day7th aprilfrom farm to plate ,make food safe.
International day of remembrance of the victims of slavery and the transatlantic slave trade--women and slavery.
Earth hour 2015---28th marchClimate change.
World tuberculosis day24th march---Reach ,treat,cure ,everyone.
World day for safety and health at work---april 28th---Join in building a culture of
prevention on occupational safety and health.
World meteorogical day---23rd marchClimate knowledge for climate action.
World Water day22nd marchwater and sustainable development.
International day of forests21st marchForests and climate change.
World sparrow day---20th marchI Love sparrows.
World consumer rights day15th marchHelping consumers choose healthy diets.
World kidney day12th march---kidney health for all.
International Womens day8th march---Make it happen.
World wildlife day3rd marchWildlife crime is serious,lets get serious about wildlife crime.
National science day---28th FebruaryScience for Nation building
National safe motherhood dayapril 11thNothing about us-citizens participation and
engagement for improving womens and childrens health.
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Awards2015
Miscellenous Awards- 2015
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WOMEN AWARDS
INTERNATIONAL WOMEN AWARDS __
BANGLADESH WINS -- women in parliament award
1.NILOOFAR RAHMANI - AFGANISTAN
2.NADIA SHARMEEN - BANGLADESH
3.TABASUM ADNAN - PAKISTAN
INDIA WOMEN AWARDS_
*STREE SHAKTI PURSKAR AWARDS __
RANI LAKSHMI BHAI - seema prakash
RANI RUDRAM DEVI - astha santhan
MATA JIJABAI - chandra prabha bokey
KANNAGI - bhaumathi
RANI GAIDINLIU ZELING - sister mariola
DEVI AHILYA HOIKAR - Anyay rahit zindagi
* NAYUDDAMA AWARD _ Tessy thomas & Geetha vardhan
Doctorate
1.RATAN TATA -- Automotive engineering by clemson university
KRISHI KARMAN AWARDS _ 2013-14 present in feb 2015
RICE - Chattisgarh
WHEAT- Madhya pradesh
PULSE - Assam & tamil nadu
COARSE CERELS- West bengal
OIL SEEDS -Gujarat
BANK RELATED AWARDS __
ASIAN BANKER ACHIEVMENT AWARD - BMB(bank)
GOVERNOR OF THE YEAR --Raghu ram rajan
DEUTSCHE BANK URBAN AGE AWARD 2014 - chintan (NGO)
Golden Peacock Environment Management Award (GPEMA) 2015 was organized in New
Delhi on 11 July 2015__Recipients _
1.
Tata Steels West Bokaro Division
2.
GMR Hyderabad International Airport Ltd
3.
Krishnapatnam Port in Andhra Pradesh
MISS
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NEWpresidents&primeministerappointedworldwide2015presidents
ARGENTINA -Cristina Fernndez de Kirchner
CROTIA --Kolinda Grabar-Kitarovic (WOMEN)* FIRST
DENMARK --Lars Lokke Rasmussen
FINLAND --Sauli Niinisto
GREEK -Stavros Dimas
ITALY -Sergio Mattarella
IVORY COAST --Alassane Ouattara
KAZASTHAN --Nursultan Nazarbayev
NIGERIA --Muhammadu Buhari
POLAND -Andrzej Duda
SRILANKA --Maithripala Sirisena
SUDAN -Omar al-Bashir
TANZANIA--Jakaya Kikwete
TOGO --Faure Gnassingbe
TURKEY -Ahmet Davutoglu
UZEBEKISTAN -Islam Karimov
ZAMBIA --Edgar Lungu
prime minsters
EGYPT -Ibrahim Mahlab
ETHOPIA--Hailemariam Desalegn Boshe
Estonia -Taavi Roivas
SPAIN -Mariano Rajoy
United Kingdom--David Cameron
OPERATION RECENT
1. Operation Rahat__Recover of indian from yemen_4000 people rescue
2. Operation Maitri__ NEPAL earth quake
3. Operation lehar__ hudhud storm
4. Operation Megh Rahat__ Jammu & Kahmir floods
5. Operation Surya _ Indian army helping hand uttarkhand floods
6. Operation Rahat__ Indian Airforce helping hand uttarkhand floods
7. Operation All Out __ Against bodo miltants
8. Operation Green Hunt __ govt of India's paraforces state's forces against the Naxalites
9. Operation Red Spider__ AML of ICICI Bank, HDFC Bank and Axis Bank
Committes
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10. Union Finance Ministry constituted High Level Committee to hear industry's tax issues-Ashok Lahiri
11. Union Government constituted
committee to provide Bankruptcy code for SMEs-Vishwanathan
12. Panel submitted its report with guidelines on government ads--Madhava Menon
13. Committee reported most deemed universities not fit for being a university--H Devaraj
14. Union Finance Ministry constituted panel to evaluate unclaimed PPF--H R Khan
15. Bombay High Court set up Committee to conduct forensic audit of NSEL--V V Daga
RBI Committes
1. Report of Committee on Data Standardization-- P. Parthasarathi
2. Report of the Internal Working Group (IWG) to Revisit the Existing Priority Sector Lending
Guidelines-- Lily Vadera
3. Report of the Committee on Capacity Building in Banks and non-Banks-- G Gopalakrishna
4. Report of the Internal Working Group on Implementation of Counter-cyclical Capital Buffer- B. Mahapatra
5. Report of the Committee on Data and Information Management in the Reserve Bank of
India--Shri D.K.Mohanty
6. Estimates of Productivity Growth for the Indian Economy --B N Goldar
7. Report of The Committee to Review Governance of Boards of Banks in IndiA--P.J.Nayak
8. Report of the Working Group on Resolution Regime for Financial Institutions-- Anand Sinha
9. Report of the GIRO Advisory Group--Umesh Bellur
10. Report of the Group on Enabling PKI in Payment System Applications--Anil Kumar Sharma
11. Report of the Working Group on Pricing of Credit--Shri Anand Sinha
12. Report of the Committee to Recommend Data Format for Furnishing of Credit Information
to Credit Information Companies--Aditya Puri
13. Implementation Group on OTC Derivatives Market Reforms--R. Gandhi
14. Report of the Committee on Financial Benchmarks--P. Vijaya Bhaskar
15. Report of the Technical Committee on Mobile Banking--B Sambamurthy
16. Report of the Technical Committee on Enabling Public Key Infrastructure (PKI) in Payment
System Applications-- Anil Kumar Sharma
17. Report of the Expert Committee to Revise and Strengthen the Monetary Policy Framework-Urjit Patel
18. Committee on Comprehensive Financial Services for Small Businesses and Low Income
Households--Nachiket Mor
SEBI COMMITTES recent
1. Alternative Investment Policy Advisory Committee (AIPAC)--N.R. Narayana Murthy
2. Secondary Market Advisory Committee (SMAC)--Jayanth R. Varma
3. SEBI Committee on Disclosures and Accounting Standards (SCODA)--Ishaat Hussain
4. Advisory Committee for the SEBI Investor Protection and Education Fund--Shri K.V.Kamath
5. Risk Management Review Committee (RMRC)---J. R. Varma Professor
6. committee on Clearing Corporations --K. V. kamath Chairman
7. SEBI Advisory Committee on Mutual Funds--Janki Ballabh
8. Technical Advisory Committee (TAC) -- Dr. Ashok Jhunjhunwala
9. High Level Committee for reviewing the SEBI (Prohibition of Insider Trading)--Justice N.K.
Sodh
10. 1Corporate Bonds and Securitization Advisory Committee (CoBoSAC)--Shyamala Gopinath
RRB commitees
1. Narasimham Committee, 1975--Working Group On Rural Banks
2. Dantwala Committee, 1978--Committee on Rural Banks
3. Kelkar Committee, 1984--Working Group on Regional Rural Banks
4. Agricultural Credit Review Committee (ACRC, 1989)
5. Narasimham Committee, 1991--Committee on Financial System
6. Bhandari Committee, 1994--Committee on Restructuring of RRBs
7. Misra Committee, 1995--Working Group on Funds Management in RRBs
8. Basu Committee, 1996--Committee on Revamping of RRBs
9. Thingalaya Committee, 1997--Expert Group on RRBs
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Railway committes
1. Mobilization of Resources for Major Railway Projects &Restructuring of Railway Ministry and
Railway Board___ Bibek Debroy
2. ways and means to raise the revenue of Indian Railways__D.K.mittal
3. High Level Safety Review Committee under the chairmanship __ Dr. Anil Kakodkar
4. Indian Railways Vision 2020__Rakesh Mohan
5. Expert Group on Modernization of Railways _Sam Pitroda
6. Committee on Creative Financing for Indian Railways_ Montek Singh Ahluwalia
RECENTBILLS&ACTSPassed
STATE BILLS
Anti -terror bill -- gujarat
Tamil nadu govt passed dhoti bill
Maharastra bans dance bars -- assembly passed bill
Rajasthan --first state to ratifies NJAC bill
Banning beef bill passed by --maharastra & haryana & rajasthan
Gujrat local authorities law amendement bill __ compulsory voting
Minimum educational eligibility bill for panchayat election -- rajasthan
SUMMITS&VENUES
International
G20 Meeting -- 2015 Turkey, Antalya , 2016 --China
APEC Summit --27th APEC Summit 2015 Philippines , 2016 Lima, 2017 Hano,
Vietnam
Nuclear Security Summit - 4th Nuclear Security Summit 2016 : United States
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SPORTSNEWS
JUNE
Lalit Bhanot Elected Asian Athletics Association Vice-President-held in Wuhan,China .
India will be hosting the 2016 AFC Under-16 Championship as confirmed by the Asian
Football Confederation (AFC)-All India Football Federation (AIFF).
FIFA president Sepp Blatter resigned from his post.
Ravi Shastri,former Indian captain will continue as Director of the Indian cricket team for
the tour of Bangladesh starting confirmed by BCCI secretary Anurag Thakur.
India has moved to 141st position from 147th in the latest rankings released by FIFA,India
is at 22nd position among the Asian countries.Iran(41),Japan(52) and South Korea(58).
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medals for India and Asian junior champion Purnima Hembram got the bronze in 21st Asian
Athletics Championships, going on in Wuhan,China.
AB de Villiers won five awards,including the South African Cricketer of the Year for a
second consecutive time at a gala function,hosted by Cricket South Africa(CSA) in
Johannesburg.
Serena Williams defeated Czech Lucie Safarova ,won 3rd French Open and 20th Grand
Slam title at Roland Garros.
Rahul Dravid,former Indian head appointed as the coach of the India A and Under- 19
cricket teams at meeting of the newly formed BCCI's advisory committee.
India's discus thrower Vikas Gowda and woman steeplechaser Lalita Babar defeated Li
Zhenzhu and Zhang Xinyan won gold medals,while India's G.Lakshmanan defeated
Bahrain's Elhassan Elabbassi won the silver medal at the Asian Athletics Championships in
Wuhan,China.
Barcelona won the champions league trophy for the fifth time after they outclassed
Juventus at the Olympic Stadium.
Duo of Ivan Dodig of Croatia and Marcelo Melo of Brazil defeated Bryan Brothers in the
2015 French Open Doubles Finals,claiming their Maiden Grand Slam title.
According to Phaedra Almajid,FIFA whistleblower,Qatar may loose its chance to host the
2022 World Cup.
Stan Wawrinka of Switzerland defeated Serbias Novak Djokovic become the winner of the
2015 French Open title.
Lucie Safarova paired with Americas Bethanie Mattek-Sand to win the womens doubles
title against Casey Dellacqua and Yaroslava Shvedova in 2015 French open.
The world champion,Lewis Hamilton,won his fourth Canadian Grand Prix on in Montreal,
Rosberg-2 and Vatlteri Bottas-3.
Indian sprinter Tintu Luka wins her first ever international gold medal ahead of Chinas
Zhao Jing and Sri Lankas Nimali Klarachchige in womens 800m finals 21st Asian Athletics
Championships.
Kento Momota of Japan emerged victorious defeated champion Jan O Jorgensen of
Denmark at the mens singles finals to win the mens singles Indonesia Open title.
20 year old Thai Badminton star Ratchanok Intanon defeated Yui Hashimoto of Japan won
the womens singles event in the Indonesia Open SuperSeries Premier tournament in
Jakarta.
Winners of 2015 French Open title of Tennis: 114th edition of the French Open event took
place at the Stade Roland Garros.It is the second Grand Slam event of the year.
Mens Singles: Stanislas Wawrinka of Switzerland defeated Novak Djokovic of Serbia.
Womens Singles:Serena Williams of United States defeated Lucie Safarova of
Czechoslovakia.
Mens Doubles Title:The pair of Ivan Dodig of Croatia and Marcelo Melo of Brazil defeated
Bob Bryan and Mike Bryan of US Womens Doubles Title.
Mixed Doubles Title:Bethanie Mattek-Sands and Mike Bryan pair from United States
defeated Lucie Hradeck Czech Republic and Marcin Matkowski of Poland.
Anantjeet Naruka became the star performer by winning 2 gold medals,1 individual and
other team gold medal for India in the 7th International Junior Shotgun Cup in
Orimattila,Finland.
Goa will be hosting 5th Youth Delphic Games from February 1 to 14 in 2016 under the
motto Celebrating Arts and Cultures.
Shooter Anantjeet Naruka clinched the gold medal defeated by Finalands Lari Pesonen, in
the junior mens skeet match at 7th International junior shotgun cup in
Orimattila,Finland,Indian,Angadvir Singh Bajwa,won the bronze medal,in the same
category (skeet)against Matteo Chiti of Italy.
Indian Basketball Players Association launched at the Indian Medical Association hall in
New Delhi. Sajjan Singh-president,Jayasankar Menon-general secretary and Ashok
Sharma-treasurer,Abbas Moontaisar-chairman and Manmohan Singh and Suman Sharmavice chairmen.
Shah Rukh Khan purchased franchise in Caribbean Premier Leagues team Trinidad &
Tobago.
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Mahendra Singh Dhoni is among Forbes magazines 100 highest-paid athletes in the
world,American boxer Floyd Mayweather is 1st in the list.
Former England wicketkeeper Prior retired from all forms of cricket on medical advice.
Former BCCI chief and current ICC Chairman N.Srinivasan re-elected President of the
Tamil Nadu Cricket Association in its 85th Annual General Meeting.
Legendary West Indies fast bowler Sir Wesley Hall is the latest cricketer to be inducted
into the ICC Cricket Hall of Fame.
Sowjanya Bavisetti,in partnership with Ai Wen Zhu of China,won the doubles title victory
over Ao Gai and Yuqi Sheng of China in the final of the ITF womens tennis tournament in
Anning,China.
Harbhajan Singh reached another milestone by becoming 9th highest wickettaker in Test
matches.
New Zealand defeated England in third ODI by 3 wickets.
Guam defeated India in 2018 World Cup Qualifier match-ranked 33 places below India in
FIFA rankings.
Indian football star Sunil Chhetri became 1st Indian footballer to score 50 international
goals during his teams 2018 World Cup qualifying match against Guam.
Rafael Nadal won Stuttgart Open by beating Victor Troicki.
Brazil thrashed Senegal to reach finals of Under-20 World Cup.
2 Indian golfers Anirban Lahiri and Shiv Kapur will play at the prestigious U.S. Open for
1st time at Chambers Bay course,Washington.
Sunil Chhetri became 1st Indian footballer to score 50 international goals during Indias
2nd match of the second round of qualifiers for 2018 football World Cup.
AIBA(International Boxing Association) constituted Ad-hoc committee chaired by Kishan
Narsi for boxing in India.
Veteran leader of Nationalist Congress Party(NCP) Sharad Pawar was re-elected defeated
Vijay Patil as the President of the Mumbai Cricket Association(MCA) and Former Indian
cricketer Dilip Vengsarkar,Ashish Shelar was elected as VicePresident of the MCA.
ECB (England and Wales Cricket Board) to pump 3m into Womens Cricket Super Leaguechief executive Tom Harrison.
Indian shuttler HS Prannoy grabbed his career-best world number 12 spot after improving
a place in the latest mens singles ranking,announced by BWF.Indian shuttler HS Prannoy
grabbed his career-best world number 12 spot after improving a place in the latest mens
singles ranking, announced by BWF.
Indias junior boys and cadet girls won the team championship titles at the South Asian
Junior and Cadet Table Tennis Championships at the Talkatora Stadium in New Delhi.
Silver and Bronze medals in the two categories In Junior Boys category Sri Lankas Junior
Boys won Silver
Pakistan, who finished third and Maldives behind them,got the bronze In Cadet Girls
category won silver
Sri Lankas Cadet Girls won Silver
Nepal, who finished third and Pakistan behind them,got the bronze.
Nico Rosberg defeated his Mercedes team-mate and series leader Lewis Hamilton to win
Austrian Grand Prix.
Roger Federer beats Andreas Seppi won an eighth title at the ATP Halle tournament.
Andy Murray won the Aegon Championships at Queens Club by beating Kevin Anderson in
a one-sided final.
Serbia defeated Brazil in extra time in the final of U20 World Cup final.
Chinas Zhou Yuelong and Yan Bingtao won the 2015 Nongfu Spring World Cup of snooker
by beating Scotland in the final in Wuxi,China.
India slipped to 4th spot in ICC Test rankings after a draw against Bangladesh.
Lucio,former Brazil skipper & 2002 World Cup winner signed up with FC Goa for 2nd season
of Indian Super League.
Russia won the European Team Athletics Championships by winning 10 of the 40 events on
the program held in Cheboksary,Russia.
Jordan Spieth won the US Open at Chambers Bay-historic title for second major.
Bangladesh for the first time won two consecutive ODIs vs India,it defeated England in the
World cup and won all the three ODI games in its home series with Pakistan.
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Indias batting legend Sachin Tendulkar voted the Best Test player of the 21st century in
an online poll conducted by Cricket Australias website,Kumar Sangakara of Sri
Lanka(2nd),Australias Adam Gilchrist(3rd ).
Ravichandran Ashwin enters into the list of top 10 bowlers in ODI,took 6 wickets in three
matches against Bangladesh.
Captain of Pakistan cricket team,Zaheer Abbas appointed as the ICC President.
Inderjit Singh and Jinson Johnson of India bagged gold at the first leg of the Asian Athletics
Grand Prix in Bangkok,Thailand.
ICC Board decided to suspend the membership of the USA Cricket Association (USACA).
Satnam Singh Bhamara becam1st Indian player to be drafted in the National Basketball
Association (NBA).
Sri Lankan batsman Kumar Sangakkara decided to call it a day and will retire during the
home test series against India in August.
Veselin Topalov from Bulgaria won the Norway Chess 2015 title in Stavanger,Norway and
Anand comes second.
3 rd seeded Indian Badminton duo Jwala Gutta and Ashwini Ponnappa won the Canada
Open 2015 womens doubles title after beating the top-seeded Dutch pair of Eefje Muskens
and Selena Piek in the finals.
Mens singles-Lee Chong Wei(Malaysia) by defeating Ng Ka Long Angus (Hong Kong).
Womens Singles-Michelle Li(Canada) by defeating Kaori Imabeppu (Japan).
Mens doubles-Li Junhui & Liu Yuchen(China).
Mixed doubles-Lee Chun Hei & Chau Hoi Wah(Hong Kong).
Harbhajan Singh is making his way back to the ODI team for the Zimbabwes tour and
Indian team will be lead by Ajinkya Rahane.
Valentino Rossi won a close contest with reigning world champion(9th time) Marco Marquez
to won Motul TT Assen.
Eduardo Vargas scored goals to take his team Chile one step closer of winning Copa
America Cup.Chile defeated Peru in the semi-finals.
MAY
Prarthana wins ITF doubles title in Indonesia-Prarthana and Harriet defeated the Thai pair
of Nicha Lertpitaksinchai and Nudnida Luangnam ( 6-4, 4-6 , 18-16 ).
Reigning champions, london based, Arsenal won the FA Cup against Aston Villa ( 4-0 ),
world's oldest knockout competition, 12th time.
Archer Deepika Kumari wins bronze in Archery World Cup, Deepika defeated opponent
Chang Hye Jin of Korea by 6.
Four Indian wrestlerss, struck gold - International Wrestling tournament - Sassari City,
Italy- Praveen Rana-75Kg, Amit Kumar(57Kg) and Narsingh Yadav(74Kg), Mausum Khatri
(97kg) and Hitender(125kg).
Gurpreet Singh gets India a fifth quota(156) place in shooting for 2016 Rio Olympics. The
winner was Joao Costa (201.4 ) of Portugal,Tomoyuki Matsuda(200.4) of Japan won the
silver and Sun Yang (177.3) was third from China, fifth Daemyung Lee (136) of South
Korea.
Australian wicketkeeper Brad Haddin quits one-day game 126-match one-day
internationals.
Indian shot-putter Inderjeet Singh qualified for Rio Olympics- 20.65m on the second day of
the 19th Federation Cup at Mangala Stadium.
Chelsea clinched their 1st Premier League title for 5 years as jose mourinhos side
produced 1-0 victory against Crystal Palace at a jubilant Stamford Bridge .
Switzerland tennis player Roger Federer won the TEB BNP Paribas Istanbul Open Mens
singles title by defeating Pablo cueves of urugay 6-3 ,7-6-world rank-2.
Indian Railway girls clinch 5th National Hockey Championship title-defeated Hockey
Jharkhand by 12-2 goals,Master Chandgi Ram sports stadium at Saifai, UP.
Indias top table tennis player sharath kamal has jumped 12 places to reach a -high 32 in
the latest ITTF rankings.
England batsman Jonathan Trott has retired from international cricket.
Seven Gold Medal for India In International Speed Skating Championships- Hong KongKushi Shah-gold medals in 3 races.
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Asian Wrestling Championship at Doha,Indian wrestler Geeta Phogat won the Bronze medal
in the women freestyle 58kg category.
Saina Nehwal becomes the 3rd Indian and first women from India to reach the finals of the
prestigious tournament All England Open Badminton ChampionshipBirmingham,UK.
Marks man Jitu Rai crowned TOISA sportsperson of the year, Milkha Singh got life time
achievement of the year from the legendary Olympic champion carl lewis,weight lifter
sanjitha channu won popular choice Award,virat kohli won the best cricketer award in
men,while in the womens category the award went to Harmanpreet singh.
Indian Army team athletes emerge champions in Federation Cup-19th - Mangala stadium.
The overall womens championships:first place Kerala ,Second Place Karnataka,Third
PlaceTamil Nadu.Best athlete award in the mens category inderjeet singh-haryana,best
athlete award in the womens category srabani NandaOdisha.
Indians win a silver(Ashish Bhalothia won a silver in boys shot put) at the Qatar Sports
Club and two bronze(Anumol Thampi (girls 3000m race) and Seema Sangwan (girls discus
throw)) in Asian Youth Athletics.
Sakshi malik& lalita bagged bronze medal in womens freestyle 60kg & 55 kg categoriesAsian Wrestling championship in Doha. Lalita was defeated by North Koreas Hal Ku-ok 39.
Yuki Bhambri partnering Adrian Menendez-Maceiras of Spain wins doubles title victory over
second seeds Sergey Betov of Belarus and Mikhail Elgin of Russia in tennis tournament in
Karshi, Uzbekistan.
Nico Rosberg wins Spanish Grand Prix-Mercedes team-mate lewis hamiltons winning streak
in this years formula one drivers world championship,Hamilton-2nd and Ferrari,s
Sebastian Vettel-3rd .
Indias Rohan Bopanna and Florin Mergea (Romania) won the Mens doules Title beating
Nenand Zimonjic (Serbia) and Martin Makowski (Poland).
Bopanna is now countrys No 1 doubles player -world no-21.
Apex industry body ASSOCHAM has proposed BRICS U-17 football tournament to be held in
India.
National record holder kamalpreet singh won mens hammer throw event at the
Sacramento State Open in United States.
India discus thrower Vikas Gowda has won gold at 12th Jamaica International Invitational,
an IAAF World Challenge meet at the National Stadium.Chad Wright of Jamaica-2nd , Jared
Schuurmans of US-3rd .
Englishman Lee Alan Johnson has been roped as the head coach of India U-19 football
team.
World school chess championship(U -15) : Tejaswini wins gold defeating Kavanya
Rajapaksha of Sri Lanka.
Indias gagan narang won the bronze medal in mens 50m prone event-3rd IndianISSF
world cup-USA.
Ethiopian runners win both mens (Suresh kumar-29m 49s)& womens (Mamitu Daska-31m
57s) titles in TCS World 10000m run- Bengaluru.
The Wrestling Federation of India (WFI) named Kuldeep Malik as the new chief national
coach.
Indias Archana kamath won a bronze medal to Chinese taipeis chen Ting-Ting in the cadet
girls singles at the Thailand Open table tennis tournament .
Australia opening batsman Chris Rogers has confirmed that he will retire from international
cricket- more than 1,500 runs.
Himachal Pradesh will host the Paragliding World Cup from 23 October to 31 October 2015
at Bir Billing in Kangra valley-1st time.
22 year old Delhi lad played the final of a clay court Challenger- Yuki Bhambri(no-1 among
Indian)-158th ahead of Somdev Devvarman(172) and Saketh Myneni(196).
12th South Asian Games 2015 to be held in Kerala,November-December.
British sports business magazine Sports Pro -Cricket Captain Virat Kohli as the 6th most
marketable athlete of this year ahead of Lionel Messi and Cristiano Ronaldo.
Indian boxers clinch 4 gold, 1 silver, 2 bronze medals in Doha Boxing Tournament
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India wins 3 gold,2 silver &1 bronzein womens world junior championships-savita (50 kg),
Mandeep(52 kg) and Sakshi(54 kg) clinched gold, while Soniya(48 kg) and Niharika
Gonella(70 kg) settle for silver.
Mumbai Indians defeat Chennai Super Kings to win IPL 2015 for second time.
Mercedes driver Nico Rosberg- winner of Monaco GP- 10th overall win in 2nd
session.Sebastian Vettel(Germany) of Ferrari and Lewis Hamilton(U.K ) of Mercedes were
2nd and 3rd.
India thrash Japan 4-0, win hockey Test series 3-0 at the Kalinga Stadium.
Trevor Bayliss : New head coach for England cricket team-1st Australian.
Abhinav Bindra becomes fourth Indian shooter to qualify for 2016 Rio Olympics-6th .
Sepp Blatter was re-elected as FIFA president for a fifth term- 65th FIFA Congress held in
Zurich.
Sevilla Football Club- won Europa League title defeated Dnipro Dnipropetrovsk football
club. In the final clash at National Stadium Warsaw, Poland.
APRIL
International Cricket Council (ICC) president A.H.M. Mustafa Kamal has announced his
resignation.
New Zealand fast bowler Kyle Mills announced his retirement from all forms of cricket.
4-time world champion Sebastian Vettel won the Malaysian Grand Prix 2015 by defeating
Mercedes AMG team for the 1st time.
Miami Open Titles 2015 Winners:
Mens singles title Title- Novak Djokovic extended his winning against Britains Andy Murray
Womens singles title-serena Williams thrashed spains Carla suarez Navarro at Crandon
Park.
Mens doules Title-American Bob Bryan and Mike Bryan pair won against Vasek Pospisil
(Canada) and Jack Sock (US) pair.
Womens doules Title- Sania Mirza and Martina Hingis against second-seeded Russians
Ekaterina Makarova and Elena Vesnina.
Dronavalli Harika,Indian grandmaster won bronze prize against Mariya Muzychuk of
Ukraine for the Wold Womens Chess Championship 2015 held at Sochi, Russia.
New Zealand win beat Australia(8 times won) 24th Sultan Azlan Shah Hockey Tournament
2015.India Beat Korea to Won Bronze Medal.
Mercedes Formula 1 driver Lewis Hamilton wins Chinese Grand Prix of Formula One beat
the team-mate Nico-Roseberg 2nd spot,Vettel-3rd and Kimi-raikkonen-4th.
Sania Mirza becomes1st Indian female tennis player ranked World No.1 in Womens
Doubles partnered with Martina-Hingi from Switzerland. They beat Casey from Australia
and Darija Jurak from Croatia, held at Charleston, U.S.A.
Bharatiya janta partys(BJP) Lok sabha member Brij bhushan sharan singh was reelected as
the President of the WFI(Wrestling Federation of India), Sr.Vice President was I D
Nanavati.
Ace Indian Shooter Jitu Rai(7th position) won the Bronze medal in the 10 Meter Air
Pistol(men) Event in the ongoing ISSF(International Shooting Sport Federation) World Cup
Rifle/ Pistol Shooting Competition held at Changwon in South Korea. Jin Jongoh (206
Points-South Korea)-Gold Medal and Naung Ye Tun (201)Malaysia-Silver Medal.
Raza Hasan, Pakistans Left arm spinner who has played for Pakistan in One Day
International Match and T20 Internationals has been suspended from all forms of Cricket
for two years- tested positive for Cocaine.
1st Shenzhen International Golf Tournament 2015-Aphibarnrat from Thailand won against
Li Hao-Tong of China at the Genzon Golf Club, in Shenzhen China.
Indian womens hockey team trounced Japan to ear the 7th place at the Hawkes Bay-cup
Hockeytournament in New Zealand,Australia won the final by beating New Zealand.
Monte Carlo Masters Title tennis tournament at France, Novak Djokovic won against Tomas
Berdych to claim the Singles Title.
Presidents Cup Open International Boxing Tournament -India Crowned Champions 1
Indias boxers Pinki jangraand Shamjetsabam Sarjubala Devi(51Kg) got gold medals by
beating Nandintsetseg of Mongolia.
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Sarjubala won by defeating Russias Iseva joya(48kg) at the 22nd President Cup Open
Boxing Tournament held in Indonesia.
In men category gold was won by Rakesh Kumar and Harpal Singh in 69kg and 75kg.
Shamkir Chess Tournament 2015-World champion Magnus Carlsen of norway won against
Rauf Mamendov of Azerbaijan in Shamkir Chess Tournament held in Azerbaijan.
World Team Chess Championships held in Chengdu,China.
Indias Dronavalli Harika and Koneru Humpy got silver and bronze medals.
Georgia beat China in the finals to clinch the precious gold medal.
Russia defeated United States in the final round to get the silver medal.
Mens world chess championships held in Tsakhkadzor- China wins gold, Ukraine won silver
& Armenia won bronze medal.
India remains at number two spot in the latest ICC ODI rankings-Australia topped.
The International Paralympic Committee (IPC) has suspended the Paralympic Committee of
India(PCI)- providing inadequate and poor facilities during the National Para-Athletics
Championships last month in Ghaziabad.
Britains Adam peaty smashed the world record for the 100 meters breaststroke at the
British swimming champion
Indias Y pranjala clinched the Asian Junior Tennis championship title after a comefrombehind victory over top seed Chinese Zheng Wushuang match held at India, New Delhi.
Haryanas Ashish Jakha has set a national youth record in boys hammer throw(5kg balland-chain to a new distance of 71.92) on the 2nd day of the 12th National Youth Athletics
Championships.
Mumbai boy Mudit Dani becomes 3rd Indian to enter top ten of junior TT rankings,
ITTF(International Table Tennis Federation) Headquarters in Lausanne, Switzerland and
President:Thomas Weikert.
Brazils teliana Pereira won the claro open colsantitas-to become the WTA tours first
Brazilian winner in 27 years.
Mohammad Nabi resigned as captian of following the teams 2015 world Cup campaign in
Australia and New Zealand last month.
3 Indian race walkers, Khushbir Kaur, Manish Rawat and Sandeep Kumar qualified for 2016
Rio Olympics-the International Association of Athletics Federations (IAAF) Race Walking
Challenge at Rio Maiorin Portugal.
Cricket South Africa (CSA) announced a new tournament to be known as the Africa T20
Cup.
Bangladesh won the three-match One Day International(ODI) Series against Pakistan in
Dhaka by 3-0.
Mohammed Shami has been ruled out of the ongoing Indian Premier League due to a knee
injury sustained during the ICC Cricket World Cup confirmed by the Board of Control for
Cricket in India(BCCI).
Railway Sports Promotion Board has won defeated Uttar Pradesh Hockey in the 5th senior
mens National hockey championship 2015 in pune.
The International Table tennis Federation(ITTF) has become the worlds largest sports
body interms of membership (222). The International Volleyball Federation (FIVB) is
second largest sports body(220).
India won Gold and Bronze at 2015 Asian Indoor Rowing Championship in
Pattaya,Thailand. Dushyant Singh and Succha Singh Tomar won the gold in the 2000 mens
light weight pair category,In the 2000 mens open-pair event,Om Prakash and Rajesh
Verma settled for a bronze.
MARCH
Argentina Open 2015-spains star Tennis player Rafael Nadal won the by defeating Juan
Monaco of Argentina-46th title in clay and first title of 2015.
Sri Lankan cricketer Kumar Sangakkara became 2nd batsman to cross 14,000 runs in One
Day International (ODI) cricket after the legendary Sachin Tendulkar.
World Cup 2015: Sri Lankan batsman Kumar Sangakkara slams his 4th consecutive ton in
the World Cup 2015 series and first batsman to score 4 consecutive centuries in One Day
Internationals.
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Indias womens Hockey team won the prestigious Hero Hockey world League Round 2 by
defeating Poland in a nail-biting final at Major Dhyan Chand National Stadium, New Delhi.
4 th time Services won the 69th Santosh Trophy Football title by defeating Punjab
tiebreaker in nail-biting match at Guru Nanak Stadium, Ludhina, Punjab.
Indias young shutller kidambi srikanth won the prestigious swiss grand prix goldchampionship title by defeating Denmarks Viktor Axelson
British Driver Lewis Hamilton completely dominated the Australian Grand Prix by defeated
rival Nico Rosberg-34th career victory.
Michael White defeated Ricky Walden-won Indian Open World ranking snooker tournament
in Mumbai.
Karnataka (8th) defended Ranji Trophy by defeating Tamil Nadu at the Wankhede stadium
in Mumbai.
Indias star shuttler Saina Nehwal as 1st Indian woman to reach World number 1 ranking
after defeating Japanese opponent Yui Hashimoto in the India Open Super series semifinal
match in New Delhi.
A two-year-old girl archery prodigy Cherukuli Dalli Shivani from Vijaywada achieved a
stunning feat by setting a new record and entering her name into the India Book of
Records.
Title Winners of 2015 BNP Paribas Open held in Indian Wells,California,US.
FIFA 2022 World Cup to be played in November/December in Quatar-final game on
December 18, 2022.
New Zealand cricketer Martin Guptill scored 237 runs against West Indies and becomes the
highest scorer in the World Cup history.
Australia won the ICC Cricket World Cup 2015 for the record fifth time- defeated New
Zealand.
Australian cricketer Michael Clarke announced his retirement from One Day Internationals
(ODI) cricket format.
New Zealand cricketer and former captain Daniel Vettori announced his retirement from
international cricket.
Zimbabwe's Brendan Taylor retiring from international cricket.
Kumar Sangakkara and Mahela Jayawardene retire from ODIs.
GAMES
Hockey world cup-2018--MEN-india, Women-england
Asian game--2014incheo(south korea), 2018-jakarta Indonesia,,
Olympic games
summer Olympics --2016 brazil ,2020 Tokyo(japan)
winterOlympics - 2014- sochi(russia),2018-winter pyeong (south korea)
ICC t-20 world cup--2014bangladesh,2016---india,2020---australia
FIFA world cup 2014brazil,2018russia ,2022---quatar
Commonwealth game --2014glassgow,Scotland , 2018---gold cost
queensland,Australia
7th FIFA womens worldcup 2015---canada host
Tennis
AUSTRALIAN-2015
MENS SINGLES --Novak Djokovic
WOMEN SINGLES -- Serena Williams
MENS DOUBLES --Fabio Fognini/ Simone Bolelli
WOMEN DOUBLES --Lucie Safarova/Bethanie Mattek-Sands
MIXED DOUBLES -- Leander Paes/Martina Hingis
FRENCH OPEN-2015
MENS SINGLES -- Stanles wawrincka
WOMEN SINGLES --Serena Williams
Men's Doubles--Ivan Dodig / Brazil Marcelo Melo
Women's Doubles--Bethanie Mattek-Sands / Lucie Safrova
Mixed Doubles--Bethanie Mattek-Sands / United States Mike Bryan
WIMBLEDON OPEN -2015
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AppointmentsinIndia
Bhanu Pratap Sharma as Chairperson Food Safety and Standards Authority of India
(FSSAI)
NIKESH ARORA India-born former Google executive has been appointed the president of
Japans telecommunications giant SoftBank Corp.
T.M .Bhasin,chairman&Managing Director,Indian Bank has been appointed Vigilance
commissioner.Mr.Rajiv is the other vigilance Commissioner
RBI has appointed Meena Hemchandra as the executive director who would be in charge
of department of banking supervision.
NL Beno Zephine of Chennai became the first 100 percent visually-challenged person to
be inducted into the Indian Foreign Services.
Former chairman of the central board of Direct taxes ,K.V .Chowdary,appointed as the
new central Vigilance Commissioner,and senior most information commissioner ,Vijai
Sharma ,is the new chief information commissioner
Ex-IB chief asif Ibrahim appointed as PM;s special envoy on counter-terror.
Air Marshal Birender Singh Dhanoa took over as the vice chief of the Indian Air force
ICICI bank appointed MK Sharma as non-executiive chairman.
IPS officer R C Tayal has been appointed as the new chief of the elite counter terror force
National Security Guard(NSG).
Bank of India ED B.P Sharma given additional charge of MD&CEO
IPS officer Archana Ramasundaram appointed as director of national crime records
bureau.
Singapore foreign minister George Yeo appointed as Chancellor of Nalanda university
Amit jain appointed as president of uber Technologies Incs india Operations
Infrastructure financing firm IDFC appointed Vinod rai as independent director.
K.Sivan appointed as the director of the Vikram Sarabhai Space Centre of ISRO in kerla.
Rear Admiral Philipose G Pynumootil has taken over as Assistant chief of naval staff (air)
SBI announced the appointment of Anshula Kant as its Chief Financial officer(CFO)
SBI Capital Markets appointed Pravven Gupta as MD & CEO
P.Kunhikrishnan appointed as the director of Satish Dhawan Space Centre ,Sriharikota
Infosys appoints R.Seshasayee as Non-Executive chairman of the board
Aakar patel joins as New head of Amnesty International india
Sanghmitra Bandyopadhayay appointed as the Director of Indian Statistical
Institute(ISI).
IAS officer Devendra Chaudhary has been appointed as secretary in the Department of
Administrative Reforms and Public Grivances
HDFC securities appointed Dhiraj as its MD & CEO
Achal Kumar jyoti appointed as new election commissioner
Anindo majumdar is appointed as CMD of delhi finance corporation
Arun jha is new secretary of tribal affairs
Arun Shrivastava is appointed as MD and CEO of syndicate bank
Deepak Iyer is appointed as CMD of Bharti AXA General Insurance
G Mohan Kumar is appointed as secretary of ministry of defence
GS Reddy is appointed as Scientific adviser of defence minister
Harbhajan kaur dheer is 1st Asian woman elected mayor ,Ealing council in London
J Jayalalitha sworn in as tamilnadu chief minister for fifth time
K V Kamath is appointed as president of New Development Bank (BRICS)
J P Nadda is appointed as president of 68th world health assembly
M J Joseph is appointed as controller general of accounts
Manoj Mishra is appointed as CMD of National fertilizers Ltd
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Books&Authors
1. Transcendence:My spiritual Experiences with pramukh swamiji written by APJ Abdul Kalam
2. PM Narendra Modi launched book titled Education of Musilims by professor JS Rajput.
3. Modi-Incredible emergence of a star in Chinese language written by Tarun Vijay.
4. Flood of fire written by Booker prize awardee Amitav Ghosh.
5. Recasting India written by Hindol Sengupta
6. Bikhare Kyalat written by abdul haq presented to vice-president.
7. Red Tape to Red carpet and then some written by Gina Rinehart.
8. Benazir Bhutto:A Multidimensional portrait written by Dr Anna Survorova
9. Beyond Doubt:A Dossier on Gandhis Assasination written by Teesta setalvad
10. Dealing with China:An Insider Unmasks the New Economic Superpower by Henry M
Paulson.
11. China-Confucius in the shadows written by Poonam Surie
12. Unbelievable-Delhi to Islamabad written by Prof Bhim Singh.
13. Complete Story of Indian Reforms:2G,power&Private Enterprise written by former trai
chairman Pradeep Baijal.
14. Ahmedabad:A city in the world written by Amrita Shah.
15. Super Economics written by Raghav Bahl.
16. Suleiman Charitra written by kalyana malla translated from Sanskrit to English
17. Aatank ke Saaye Men written by Garima Sanjay released by Vice president.
18. Indian Diplomacy Through Three Decades By Surendra Kumar released by vice president.
19. Food for All:International Organizations and the transformation of agriculture written by
Uma lele.
20. Gods Bankers written by Gerald Posner
21. Faces and Places written by prof Deepak Nayyar
22. Indian Parliamentary Diplomacy-Speakers Perspective written by Meira Kumar
23. Q&A written by vikas Swarup.
24. Neither a Hawk nor a Dove written by pakistans Ex-foreign Minister Khurshid M Kasuri .
25. Indian Parliamentary Diplomacy-Speakers perspective written by former Lok Sabha
Speaker Meira Kumar
26. Born Again on the Mountain written by Arunima Sinha launched by PM Narendra modi.
27. Prince of Gujarat:The Extraordinary story of prince gopaldas Desai released authored by
Rajmohan Gandhi.
28. Rajdeep sardesai penned the book titled 2014:The Election that changed.
29. Book titled Letters for a Nation written by Jawaharlal Nehru & Madhav Khosla was
published by Allen Lane an imprint of Penguin Books
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30. Next China-India War- World's First Water War authored by General S. Padmanabhan
released.
31. The book titled Black Tornado: The Three Sieges of Mumbai 26/11 authored by Sandeep
Unnithan.
32. President of India Pranab Mukherjee penned a book titled The Dramatic Decade: The Indira
Gandhi Years published by Rupa.
33. Biography My Name is Abu Salem released written by S Hussain Zaidi and published by
Penguin.
34. 'Playing it My Way': Author - Sachin Tendulkar & Boria Majumdar.
35. Half Girlfriend-- written by Chetan Bhagat.
36. The Narrow Road to the Deep North--by Richard Flanagan.
37. Untold Story of Indian Public Sector - by Dr UD Choubey.
38. Final Test: Exit Sachin Tendulkar --a by Dilip DSouza.
39. A Man and a Motorcycle, How Hamid Karzai Came to Power--written by Bette Dam
40. And Then One Day: Naseeruddin Shah's autobiography.
41. God of Antarctica written by Yashwardhan Shukla
42. One Life is Not Enough-- written by Kunwar NatwarSingh
43. A book Munger through the Ages authored by late Devendra Prasad Yadav.
44. The Lives of Other a novel written by: Neel Mukherjee.
45. The Substance and the Shadow--written by Uday Tara Nayar, a former journalist
46. Blood Feud written by Edward Klein.
47. A Bad Character: authored by Deepti Kapoor
48. The Good, the Bad and the Ridiculous written by Khuswant Singh.
49. Train To Pakistan written by Khuswant Singh
50. An Uncertain Glory-- India and its Contradictions written by Jean Dreze and Amartya Sen
OBITUARIES
CurrentAffairsPDF:May2015
BESTOFBESTABBREVATIONS
#A
ACF --Auto-Correlation Function
AD-- Authorized Dealer
ADB --Asian Development Bank
ADR-- American Depository Receipt
AFS-- Annual Financial Statement
AGM-- Annual General Meeting
AIRCSC --All India Rural Credit Survey Committee
AO --Additive Outliers
AR-- Auto Regression
ARIMA-- Auto-Regressive Integrated Moving Average
AFS-- Available For Sale
ASSOCHAM --Associated Chambers of Commerce and Industry of India
ATM--Asynchronous Transfer Mode
ATM --Automated Teller Machine
#B
BIS --Bank for International Settlements
BOI --Bank of India
BoP-- Balance of Payments
BPSD --Balance of Payments Division,
BSR --Basic Statistical Returns
#C
CAD --Capital Account Deficit
CAG --Controller and Auditor General of India
CBS-- Consolidated Banking Statistics
CC-- Cash Credit
CD --Certificate of Deposit
CDR--Credit Deposit Ratio
CDBS --Committee of Direction on Banking Statistics
CF-- Company Finance
CFRA-- Combined Finance and Revenue Accounts
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FESTIVALSOFINDIANSTATES
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FOLKDANCES
AndhraPradesh-Kuchipudi(classical),Ghantamardala,Ottam,thedal,Mohioniattam,kummi,Siddhi
madhuri,Chhadi.
Chhattisgarh--Goudi,Karma,Jhumar,dagla,Pali,Tapali,Navrani.Diwari,Mundari.
Arunachal Pradesh--Mask Dance,War Dance.
HimachalPradesh-,Jhali,Chharhi,Dhaman,chhapeli,Mahasu,Nati,Dangi,Chamba,Thali,Jhainta,Daf, Sti-ck
dance.
Goa--Mandi,Jhagor,Khol,Dakni.
Assam--Bihu,Bichhua,Natpuja,Maharas,Kaligopal,Bagurumba,naga dance,Khel gopal,Tabal
chongli,canoe,Jhumura Hobjanai.
West Bengal--kathi,Gambhira,Dhali,Jatra,Baul,marasia,Mahal,Keertan
Keral--Kathakali(classical),Ottam Thulal,mohini-attam,Kaikottikali,Tappatikali,Kali auttam.
Meghalaya--laho,baagla.
Manipur--Manipuri(classical),Rakhal,Nat rash,Maha rash,raukhat.
Nagaland--Chong,Khaiva,lim,Nuralim
Orissa--odissi(classical),savari,Ghumara,painka,munari,chhau,chadya dandanata.
Maharashtra--Lavani,Nakata,koli,Lezim,Gafa,Dahikala,dasavtar or
Bohada,Tamasha,mauni,Powara,Gouricha.
Karnataka--Yakshagan,Huttari,Suggi,Kunitha,Karga,Lambi.
Gujarat--Garba,dandiya ras,Tippani juriun,Bhavai.
Punjab--Bhangra,giddha,Daff,Dhaman.
Rajasthan--Ghumar,chakri,Ganagor,Jhulan leela,Jhuma,Suisini,Ghapal,Panihari,Ginab
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Mizoram--Khanatm,Pakhupila,Cherokan.
Jammu&Kashmir--Rauf,hikat,mandjas,kud dandi nach<Damali.
TamilNadu--Bharatnatyam,kumi,kolattam,kavadi.
Uttar Pradesh--Nautanki,Raslila,Kajri,Jhora,chappeli,Jaita.
Bihar--Jata-Jatin,Bakho-Bakhain,Panwariya,Sama-chakwa,Bidesia,Jatra.
Haryana--Jhumar,Phag,Daph,Dhamal,Loor,Gugga,Khor,Gagor.
Jharkhand--chhau,sarahul,Jat-jatin,karma,Danga,Bidesia,Sohrai
Uttarakhand--gadhwali,kumayuni,kajari,Jhora,raslila,chappeli
INTERNATIONALORGANISATIONSANDTHEIRHEADQUARTERS
IMPORTANTHYDROPOWERDAMS
ANDHRAPRADESH
1. Nizam Sagar Dam-Manjira River-Andhra Pradesh
2. Prakasam Barrage-Krishna River-Andhra Pradesh
3. Srisailam Dam-Krishna River-Andhra Pradesh
GUJRAT
1. Ukai Dam-Gujarat
2. Dharoi Dam-Banas River-Gujarat
3. Dantiwada Dam-Sabarmati River-Gujarat
HIMACHAL PRADESH
1. Pandoh Dam-Beas River-Himachal Pradesh
2. Bhakra Nangal Dam-Sutlej River-Himachal Pradesh
3. Nathpa Dam-Sutlej River-Himachal Pradesh
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NATIONALPARKSININDIA
1. Balphakram National Park -Meghalaya
2. Bandipur National Park - Karnataka
3. Kudremukh National Park Karnataka
4. Bannerghatta National Park --Karnataka
5. Betla National Park
Jharkhand
6. Bhitarkanika National Park Odisha
7. Blackbuck National Park Gujarat
8. Buxa Tiger Reserve West Bengal
9. Campbell Bay National Park Andaman and Nicobar Islands
10. Chandoli National Park Maharashtra
11. Dachigam National Park Jammu and Kashmir
12. Desert National Park Rajasthan
13. Dudhwa National Park Uttar Pradesh
14. Eravikulam National Park Kerala
15. Galathea National Park Andaman and Nicobar Islands
16. Gir Forest National Park Gujarat
17. Great Himalayan National Park Himachal Pradesh
18. Guindy National Park Tamil Nadu
19. Gulf of Mannar National Park Tamil Nadu
20. Harike Wetland Punjab
21. Hazaribagh National Park Jharkhand
22. Jaldapara National Park West Bengal
23. Jim Corbett National Park Uttarakhand
24. Kanha National Park Madhya Pradesh
25. Kanger Ghati National Park Chhattisgarh
26. Kasu bramanda Reddy National Park Telangana
27. Kaziranga National Park Assam
28. Keibul Lamjao National Park Manipur
29. Keoladeo National Park Rajasthan
30. Khangchendzonga Park Sikkim
31. Kishtwar National Park Jammu and Kashmir
32. Madhav National Park Madhya Pradesh
33. Mahatma National Park Andaman and Nicobar Islands
34. Manas National Park Assam
35. Mandla Fossils National Park Madhya Pradesh
36. Marine Gulf of Kutch park Gujarat
37. Mount Abu Wildlife Sanctuary Rajasthan
38. Mrugavani National Park Telangana
39. Mudumalai National Park Tamil Nadu
40. Namdapha National Park Arunachal Pradesh
41. Nameri National Park Assam
42. Nanda Devi National Park Uttarakhand
43. Nandankanan Zoological Park Odisha
44. Navegaon National Park Maharashtra
45. Neora Valley National Park West Bengal
46. Palani Hills National Park Tamil Nadu
47. Pench National Park Madhya Pradesh
48. Periyar National Park Kerala
49. Blue Mountain National Park Mizoram
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ATOMICPOWERPLANTS
1. Kaiga atomic power plant---karnataka
2. Kakrapar atomic power plant---Gujarat
3. Madras atomic power plantTamil Nadu
4. Narora atomic power plant---Uttar Pradesh.
5. Rajasthan atomic power plantRajasthan
6. Tarapur atomic power plant----Maharashtra
7. Kundankulam atomic power plantTamil Nadu
8. Gorakhpur atomic power plant---- Haryana
9. Chutka atomic power plant---Madhya Pradesh
10. Mahi Banswara atomic power plant---Rajasthan
11. Kaiga atomic power plant----Karnataka
12. Kovvada atomic power plant---Andhra Pradesh
13. Mithi virdhi atomic power plant---Gujarat.
IMPORTANTHILLSTATIONS
1. Nainital-- Uttakhand
2. shima -- Himachal pradesh
3. KULLU Manali -- Himachal pradesh(Valley of Gods)
4. Mussoorie -- Uttarakhand(Queen of hills)
5. CHAMBA-- Himachal pradesh
6. Almora -7. Ranikhet--Himalayas
8. Gulmarg--Meadow of flowers
9. Dharamshala-- Himachal Pradesh
10.
Dalhousie --Himachal pradesh
11.
Lansdowne--UTTARKHAND
12.
Auli--UTTARKHAND
13.
Mirik--Westbengal
14.
Khandala--maharastra
15.
Lonavala--maharastra
16.
matheran --maharashtra(Automoile free hillstation)
17.
Mount Abu--rajasthan
18.
Saputara --gujarat
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19.
20.
21.
22.
Munnar--kerala
Aruku valley -- andhrapradesh
Coonoor-- tamilnadu
Coorg -- Karnataka(Kashmir of south)
IMPORTANTLAKES
1. Wular Lake-- Wular Lake is one of the largest fresh water lakes in Asia and the largest in
India, is located in Jammu and Kashmir
2. Loktak Lake-- Loktak Lake is the largest freshwater lake in northeastern India, located in
Manipur.
3. Damdama Lake-- Damdama Lake is one of the biggest natural lakes in Haryana.
4. Dal Lake--The Kashmir valley is blessed with exotic natural beauty of landscape and water
bodies, out of them one of the best is Dal Lake
5. Pichola Lake-- Lake Pichola is an artificial fresh water lake situated in Udaipur city in
Rajasthan.
6. Gurudongmar Lake--Gurudongmar Lake is one of the highest lakes in the world. This freshwater lake is located northeast of the Kangchenjunga range in Sikkim.
7. Chilka Lake--Chilka Lake is the brackish water lake and is the largest coastal lake in India.
The Chilka Lake in situated in Orissa and is Asias largest inland salt-water lagoon.
8. Vembanad Lake--Vembanad Lake is Indias longest lake and is the largest lakes in the
beautiful state land of God, Kerala
9. Bhimtal Lake-- The pride of Bhimtal is a beautiful lake which offers magnificent vistas for
tourists. The lake is larger than Nainital lake, uttarnachal
10. Upper lake--Upper lake is the largest artificial lake in Asia, situated in City of Lakes called
Bhopal, Madhya Pradesh
11. Kolleru Lake and Pulicat Lake --are two major lakes for number of migratory birds in IndiaAP
VITAMINS
VITA
MIN
NAM
E
Vita
min
A
DEFICIENCY
DISEASE
FOOD SOURCES
Retinol
Night
blindness,Hyperker
atosis
Vita
min
B1
Vita
min
B2
Vita
min
B3
Vita
min
B5
Vita
min
Thiamine
Beriberi,wernickekorsakoff syndrome
Liver,orange,ripe yellow
fruits,leafy
vegetables,carrots,pumpkin,squ
ash,spinach,fishsoya milk, milk.
Pork, oatmeal, brown rice,
vegetables, potatoes, liver, eggs
Riboflavin
Niacin,Niacinamide
Ariboflavinosis,Glos
sitis,Angular
stomatitis
pellagra
Pantothenic acid
parthesia
Pyridoxine,Pyridoxamine,Pyridox
al
Anemia peripheral
neuropathy
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B6
Vita
min
B7
Vita
min
B9
Biotin
Dermatitis,enteritis
Vita
min
B12
Vita
min
C
Vita
min
D
Vita
min
E
Cyanocobalamin,Hydroxycobala
min,Methylcobalamin
Megaloblastic
anemia and
deficiency during
pregnancy is
associated with
birth defects such
as neural tube
defects.
Megaloblastic
anemia
Ascorbic acid
Scurvy
Cholecalciferol,Ergocalciferol
Rickets and
Osteomalacia
Tocopherols,Tocotrienols
Vita
min
K
Phylloquinone,menaquinones
Sterility in
males,abortion in
females,mild
hemolytic anemia
in newborn infants
Bleeding diathesis
NICKNAMESOFEMINENTPERSONS
Father of the Nation
Bapu
Frontier Gandhi, Badshah
Khan
Grand Old man of India
Strong (Iron) Man of India
Man of Peace
Punjab Kesari
Bengal Kesari
Bihar Kesari
Andhra Kesari
Sher-e-Kashmir
Bangabandhu
Deshbandhu
Deenbandhu
Lokmanya
Loknayak
Jana Nayak
Rajarshee
Gurudev
Mahatma Gandhi
Mahatma Gandhi
Khan Abdul Ghaffar Khan
Dadabhai Naoroji
Sardar Vallabhbhai Patel
Lal Bahadur Shastri
Lala Lajpat Rai
Ashutosh Mukherji
Dr. Srikrishna Singh
T. Prakasam
Sheikh Abdullah
Sheikh Mujibut Rahman
Chitta Ranjan Das
C.F. Andrews
Bal Gangadhar Tilak
Jayaprakash Narayan
Karpuri Thakur
Purushottam Das Tandon
Rabindranath Tagore
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Guruji
Desh Ratna
Ajatshatru
Mahamana
Netaji
Chacha
Rajaji/C.R.
Sparrow
Young Turk
Tau
Sahid-e-Azam
Nightingale of India
Lady with the lamp
Swar Kokila
Udanpari
Mother
Vishwa Kavi
Kaviguru
Sardar
Tota-e-Hind
Lal, Bal, Pal
Bihar Vibhuti
Babuji
Napoleon of India
Shakespeare of India
Machiavelli of India
Akbar of Kashmir
Father of Gujarat
Grandfather of Indian Films
Morning
Star
of
India
Renaissance
King Maker of Indian History
Anna
G.B.S
Haryana Hurricane
Little Master
Magician of Hockey
Deshpriya
Kuvempu
Little Corporal
Man of Destiny
Fuehrer
King Maker
Uncle Ho
Bard of Avon
Li-Kwan
Father of English Poetry
Grand Old man of Britain
Maiden Queen
M.S. Golvalkar
Dr. Rajendra Prasad
Dr. Rajendra Prasad
Pt. Madan Mohan Malaviya
Subhash Chandra Bose
Jawaharlal Nehru
Chakravarti Rajagopalachari
Major General Rajinder Singh
Chandra Shekhar
Chaudhury Devi Lal
Bhagat Singh
Sarojini Naidu
Florence Nightiangel
Lata Mangeshkar
P.T. Usha
Mother Teresa
Rabindranath Tagore
Rabindranath Tagore
Vallabhbhai Patel
Amir Khushro
Lala Lajpat Rai, Bal Gangadhar Tilak and Bipin
Chandra Pal
Dr. Anugrah Narayan Singh
Jagjeevan Ram
Samudra Gupta
Mahakavi Kalidas
Chanakya
Jainul Abdin
Ravi Shankar Maharaj
Dhundiraj Govind Phalke
Raja Ram Mohan Roy
Sayyed Bandhu
C.N. Annadurai
George Bernard Shaw
Kapil Dev
Sunil Gavaskar
Dhyanchand
Yatindra Mohan Sengupta
K.V. Puttappa
Napoleon Bonaparte
Napoleon Bonaparte
Adolf Hitler
Earl of Warwick
Ho Chi Minh
William Shakespeare
Pearl Buck
Geoffery Chaucer
Willium E. Gladstone
Queen Elizabeth I
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Maid of Orleans
Man of Blood and Iron
II Duce
Desert Fox
Quaid-i-Azam
Joan of Arc
Otto Van Bismark
Benito Mussolini
Gen Ervin Rommel
Md. Ali Jinnah
NICKNAMESOFPLACESININDIA
City
State
Agra
Uttar Pradesh
Ahmedabad
Gujarat
Allahabad
Uttar Pradesh
Nickname(s)
Taj Nagari
Boston of India
Manchester of India
Sangam City
Amritsar
Punjab
Golden City
Asansol
West Bengal
Bengaluru
Karnataka
Pensioners Paradise
Space City
IT Capital of India
Bhagalpur
Bihar
Bhopal
Madhya
City of Lakes
Mini Mumbai
Pradesh
Indore
Madhya
Pradesh
Bhubaneswar
Odisha
Chandigarh
Chandigarh
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Chennai
Coimbatore
Tamil Nadu
Tamil Nadu
Detroit of Asia
Coorg
Karnataka
Scotland of India
Darjeeling
West Bengal
Dhanbad
Jharkhand
Shillong
Meghalaya
Scotland of East
Dibrugarh
Assam
Durgapur
West Bengal
Ruhr of India
Gandhinagar
Gujarat
Green city
Guwahati
Assam
Nilgiri
Tamil Nadu
Blue Mountains
Hyderabad
Telangana
Jaipur
Rajasthan
City of Nizams
HITECH City
Pink City
Paris of India
City of Palaces
Jaisalmer
Rajasthan
Jamshedpur
Jharkhand
Kanpur
Uttar Pradesh
Kashmir
Jammu and
Switzerland of India
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Kashmir
Kochi
Kolkata
Kerala
West Bengal
Gateway to Kerala
City of Joy
City of Palaces
Kolhapur
Maharashtra
City of Wrestlers
Kollam
Kerala
Gateway to Backwaters
Shiraz-e-Hind
City of Nawabs
City of Festivals
Temple city
Sleepless City
Lucknow
Madurai
Uttar Pradesh
Tamil Nadu
Malda
West Bengal
Mango City
Mangalore
Karnataka
Gateway of Karnataka
Maya Nagari
City of Dreams
Gateway of India
Mumbai
Maharashtra
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Mundi
Madhya
Hollywood of India
Maximum City
Pradesh
Mussoorie
Uttarakhand
Mysore
Karnataka
Heritage City
Green City
Nagpur
Maharashtra
Orange City
Nainital
Uttarakhand
City of Lakes
New Delhi
Delhi
City of Rallies
Patiala
Punjab
Panipat
Haryana
City of Handloom
Pondicherry
Puducherry
Prayag
Uttar Pradesh
Pune
Maharashtra
Queen of Deccan
Purulia
West Bengal
Manbhum City
Rishikesh
Uttrakhand
City of Sages
Yoga City
City of Hospitality
City of lakes
Siliguri
Srinagar
West Bengal
Jammu and
Kashmir
Tezpur
Assam
City of Blood
Thane
Maharashtra
City of Lakes
Tiruchirappalli
Tamil Nadu
Tucker Trichy
Tirunelveli
Tamil Nadu
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Udaipur
Varanasi
Jodhpur
Nasik
Surat
Vadodara
Visakhapatnam
Rajasthan
Uttar Pradesh
Rajasthan
Maharashtra
Gujarat
Gujarat
Andhra
White City
City of Lakes
City of Lights
City of Temples
City of Learning
Holy City
Blue City
Sun City
California of India
City Of Diamonds
Capital Of MS University
City Of Destiny
Pensioners Paradise
City of Kaja
Pradesh
Kakinada
Andhra
Pradesh
Vijayawada
Andhra
Pradesh
Bhimavaram
Andhra
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Rajahmundry
Pradesh
City of Prawns
Andhra
Cultural City[42]
City of Chillies[43]
Pradesh
Guntur
Andhra
Pradesh
Vaniyambadi
Tamil Nadu
Warangal
Telangana
City of Lakes
City of Temples
Land Of Warriors
Zunheboto
Nagaland
INDIANTOWNSONRIVERS
Town
Allahabad
Patna
Varansi
Kanpur
Haridwar
Badrinath
Agra
Delhi
Mathura
Ferozpur
Ludhiana
Srinagar
Lucknow
Jaunpur
Ayodhya
Bareillly
Ahmedabad
Kota
Jabalpur
Panji
Ujjain
Surat
Jamshedpur
Dibrugarh
Guwahati
River
At
the
confluence
of
the Ganga and
Yamuna
Ganga
Ganga
Ganga
Ganga
Alaknanda
Yamuna
Yamuna
Yamuna
Satluj
Satluj
Jhelum
Gomti
Gomti
Saryu
Ram ganga
Sabarmati
Chambal
Narmada
Mandavi
Kashipra
Tapti
Swarnarekha
Brahmaputra
Brahmaputra
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Kolkata
Sambalpur
Cuttack
Serirangapatnam
Hyderabad
Nasik
Vijayawada
Curnool
Tiruchirapalli
Hooghly
Mahanadi
Mahanadi
Cauvery
Musi
Godavari
Krishna
Tungabhadra
Cauvery
INVENTIONS
Invention
Inventor
Television
J.L. Baird
Radio
Marconi
Telephone
Electricity
Benjamin Franklin
Thomas Edison
Thermometer
Radium
Marie Curie
Telescope
Galileo
Telegraph
Pavel Schilling
Electromagnetic Theory
Heinrich Hertz
Theory of Relativity
Albert Einstein
X-rays
Cosmic Rays
R.A. Millikan
Automobile
Ferdinand Verbiest
Penicillin
Insulin
Frederick Banting
Magnetic Tape
Fritz Pfluemer
Raman Effect
Bohr
Electron Theory
Boyle
Boyles Law
Dalton
Atomic Theory
Periodic Table
Dmitri Mendeleev
Michael Faraday
Geometry
Euclid
Structure of Atom
Ernest Rutherford
Law of Gases
Gay Lussac
Electromagnetic Field
Motion of Planets
Johannes Kepler
Principle of relativity
Galileo Galilei
Electron
J.J. Thomson
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Photon
Albert Einstein
Theory of Atom
John Dalton
Blood Groups
Karl Landsteiner
Quantum Mechanics
Max Born
Quantum Theory
Antoine Lavoisier
C.C. Patterson
Heliocentrism
Aristarchus of Samos
Heliocentric Model
Nicolaus Copernicus
Periodic law
Mendeleef
Venn Diagram
John Venn
Vierner Scale
Pierre Vernier
Atomic Number
Mosley
Newton
Ohm
Nuclear Reactor
Enrico Fermi
Fuel Cell
Celluloid
Alexander Parkes
Hydrogen Bomb
Edward Teller
Computer Architecture
Airplane
Steam Engine
James Watt
Logarithms
John Napier
Theory of Evolution
Charles Darwin
Transformer
Otto Blathy
Cinematography
Edison
Stethoscope
Rane Laennec
Thermo Flask
Dewar
Battery
Alessandro Volta
Barometer
Evangelista Torricelli
Camera
Steven Sasson
Analytical Engine
Thomas Edison
Diesel Engine
Rudolf Diesel
Helicopter
Broquet
Dynamite
Alfred Nobel
First Computer
Lift
Otis
Guitar
Adolph Rickenbacker
Laser Printer
Gary Starkweather
Mobile Phone
Martin Cooper
Micro Scope
Zacharias Janssen
Microwave Oven
Percy Spencer
Printing Press
Johannes Gutenberg
Video Games
Ralph H. Baer
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Google
Mozilla
Facebook
Twitter
Microsoft
Internet
Email
Apple Computers
World Wide Web (WWW)
IP Address
Larry Page
Dave Hyatt and Blake Ross
Mark Zuckerberg
Evan Williams, Jack Dorsey, and Biz
Stone
Bill Gates and Paul Allen
Vint Cerf
Shiva Ayyadurai
Steve Jobs
Sir Tim Berners- Lee
Robert E. Kahn
Micro Processor
Federico Faggin
Works
Persons
Foundation of Red Cross Henery Dunant
Foundation of Scout
Baden Powell
Foundation of Red Gaurds Garrywaldy
Archarya
Narendra
Founder of Socialism
Dev
Father
of
Sanskrit
Panini
Grammer
Founder of Anand Van
Babe Amte
Founder
of
'Auroville
Aurobindo Ghosh
Ashram'
Rabindra
Nath
Founder of Shantiniketan
Tagore
Rabindra
Nath
Founder of Vishwabharati
Tagore
Founder of Pawnar Ashram Vinoba Bhave
Founder
of
Bhudan
Vinoba Bhave
Movement
Founder of League of
Wooden Willson
Nations
Founder of Golden Temple Guru Arjun Dev
Founder of Khalsa (Panth) Guru Gobind Singh
NEWSPAPERNAMES&FOUNDERS
Newspaper/Journal Name
Founder
Bengal
Gazette(1780)(India's
First
J.K.Hikki
Newspaper)
Kesari
B.G.Tilak
Maharatta
B.G.Tilak
Sudharak
G.K.Gokhale
Amrita Bazar Patrika
Sisir Kumar Ghosh and Motilal Ghosh
Vande Mataram
Aurobindo Ghosh
Native Opinion
V.N. Mandalik
Kavivachan Sudha
Bhartendu Harishchandra
Rast Goftar(first newspaper in Gujrati)
Dadabhai Naoroji
New India(Weekly)
Bipin Chandra Pal
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Statesman
Hindu
Sandhya
Vichar Lahiri
Hindu Patriot
Som Prakesh
Yugantar
Bombay Chronicle
Hindustan
Mooknayak
Comrade
Tahzib-ul-Akhlaq
Al-Hilal
Al-Balagh
Independent
Punjabi
New India(Daily)
Commonweal
Pratap
Essays in Indian Economics
Samvad Kaumudi (Bengali)
Mirat-ul-Akbhar
Indian Mirror
Nav Jeevan
Young India
Harijan
Prabudha Bharat
Udbodhana
Indian Socialist
Talwar(in Berlin)
Free Hindustan(in Vancouver)
Hindustan Times
Kranti
Robert Knight
Vir Raghavacharya and G.S. Aiyar
B.B. Upadhyaya
Krishnashastri Chiplunkar
Girish Chandra Ghosh(later Harish Chandra
Mukherji)
Ishwar Chandra Vidyasagar
Bhupendranath Data and Barinder Kumar
Ghosh
Firoze Shah Mehta
M.M. Malviya
B.R. Ambedkar
Mohammad Ali
Sir Syyed Ahmed Khan
Abul Kalam Azad
Abul Kalam Azad
Motilal Nehru
Lala Lajpat Rai
Annie Besant
Annie Besant
Ganesh Shankar Vidyarthi
M.G. Ranade
Ram Mohan Roy
Ram Mohan Roy(first Persian Newspaper)
Devendra Nath Tagore
M.K Ghandhi
M.K Ghandhi
M.K Ghandhi
Swami Vivekananda
Swami Vivekananda
Shyamji Krishna Verma
Birendra Nath Chattopadhyaya
Tarak Nath Das
K.M. Pannikar
Mirajkar, Joglekar, Ghate
FIRSTININDIA
The first President of Indian Republic
The first Prime Minister of free India
The first Indian to win Nobel Prize
The first President of Indian National Congress
The first Muslim President of Indian National
Congress
The first Muslim President of India
The first British Governor General of India
The first British Governor General of Bengal
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Lord Canning
Lord Mountbatten
C. Rajgopalachari
James Hicky
Satyendra Nath Tagore
Rakesh Sharma
Morarji Desai
General Cariappa
Gen. Maharaj Rajendra Singhji
S.P.Sinha
Dr. Zakhir Hussain
Dr. Zakhir Hussain
Charan Singh
S.H.F. Manekshaw
C.V.Raman
Dr. Radhakrishnan
Mihir Sen
Sri Shankar Kurup
Ganesh Vasudeva Mavalankar
Dr. Radhakrishnan
Abdul Kalam Azad
Sardar Vallabh Bhai Patel
S. Mukherjee
Vice Admiral R.D. Katari
Dr. Nagendra Singh
Sherpa Anga Dorjee
Major Somnath Sharma
Sukumar Sen
Acharya Vinoba Bhave
Hargovind Khurana
Fahein
Saifuddin Kitchlu
Shyama Prasad Mukherjee
Amartya Sen
Justice Hirala J. Kania
J.R.D. Tata (1929)
Rita Faria
Mrs. Meera Sahib Fatima Bibi
Miss C.B. Muthamma
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Nalanda University
Andhra Pradesh Open University
P.V.Narasimha Rao
Lt. Ram Charan
Hawkins
Indira (Baby Harsha)
Kolkata(1727)
INDIANSTATESONINTERNATIONALBOUNDARIES
Borderind Pakistan
Borderind China
Borderind Nepal
Borderind
Bangladesh
Borderind Bhutan
Borderind Myanmar
Borderind
Afghanistan
COUNTRYCURRENCYCAPITAL
S
No.
Country
Currency
Capital
Afghanistan
Afghani
Kabul
Albania
Lek
Tirane
Algeria
Dinar
Algiers
Andorra
Euro
Andorra la Vella
Angola
New Kwanza
Luanda
Antigua and
Barbuda
EastCaribbeandollar
Saint John's
Argentina
Peso
Buenos Aires
Armenia
Dram
Yerevan
Australia
Australian dollar
Canberra
10
Austria
Euro
Vienna
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11
Azerbaijan
Manat
Baku
12
The Bahamas
Bahamian dollar
Nassau
13
Bahrain
Bahrain dinar
Manama
14
Bangladesh
Taka
Dhaka
15
Barbados
Barbados dollar
Bridgetown
16
Belarus
Belorussian ruble
Minsk
17
Belgium
Brussels
18
Belize
Belize dollar
Belmopan
19
Benin
CFA Franc
Porto-Novo
20
Bhutan
Ngultrum
Thimphu
21
Bolivia
Boliviano
La Paz (administrative);
Sucre (judicial)
22
Bosnia and
Herzegovina
Marka
Sarajevo
23
Botswana
Pula
Gaborone
24
Brazil
Real
Brasilia
25
Brunei
Brunei dollar
26
Bulgaria
Lev
Sofia
27
Burkina Faso
CFA Franc
Ouagadougou
28
Burundi
Burundi franc
Bujumbura
29
Cambodia
Riel
Phnom Penh
30
Cameroon
CFA Franc
Yaounde
31
Canada
Canadian dollar
Ottawa
32
Cape Verde
Praia
33
Central
African
Republic
CFA Franc
Bangui
34
Chad
CFA Franc
N'Djamena
35
Chile
Chilean Peso
Santiago
36
China
Yuan/Renminbi
Beijing
37
Colombia
Colombian Peso
Bogota
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38
39
40
Comoros
Congo,
Republic of
the
Congo,
Democratic
Republic of
the
Franc
Moroni
CFA Franc
Brazzaville
Congolese franc
Kinshasa
41
Costa Rica
Coln
San Jose
42
Cote d'Ivoire
CFA Franc
Yamoussoukro (official);
Abidjan (de facto)
43
Croatia
Kuna
Zagreb
44
Cuba
Cuban Peso
Havana
45
Cyprus
Cyprus pound
Nicosia
46
Czech
Republic
Koruna
Prague
47
Denmark
Krone
Copenhagen
48
Djibouti
Djibouti franc
Djibouti
49
Dominica
EastCaribbeandollar
Roseau
Dominican Peso
Santo Domingo
U.S. dollar
Dili
50
51
Dominican
Republic
East Timor
(TimorLeste)
52
Ecuador
U.S. dollar
Quito
53
Egypt
Egyptian pound
Cairo
54
El Salvador
San Salvador
55
Equatorial
Guinea
CFA Franc
Malabo
56
Eritrea
Nakfa
Asmara
57
Estonia
Kroon
Tallinn
58
Ethiopia
Birr
Addis Ababa
59
Fiji
Fiji dollar
Suva
60
Finland
Helsinki
61
France
Paris
62
Gabon
CFA Franc
Libreville
63
The Gambia
Dalasi
Banjul
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64
Georgia
Lari
Tbilisi
65
Germany
Euro
(formerlyDeutschemark)
Berlin
66
Ghana
Cedi
Accra
67
Greece
Euro (formerly
drachma)
Athens
68
Grenada
EastCaribbeandollar
Saint George's
69
Guatemala
Quetzal
Guatemala City
70
Guinea
Guinean franc
Conakry
71
GuineaBissau
CFA Franc
Bissau
72
Guyana
Guyanese dollar
Georgetown
73
Haiti
Gourde
Port-au-Prince
74
Honduras
Lempira
Tegucigalpa
75
Hungary
Forint
Budapest
76
Iceland
Icelandic krna
Reykjavik
77
India
Rupee
New Delhi
78
Indonesia
Rupiah
Jakarta
79
Iran
Rial
Tehran
80
Iraq
Iraqi Dinar
Baghdad
81
Ireland
Dublin
82
Israel
Shekel
Jerusalem(#)
83
Italy
Rome
84
Jamaica
Jamaican dollar
Kingston
85
Japan
Yen
Tokyo
86
Jordan
Jordanian dinar
Amman
87
Kazakhstan
Tenge
Astana
88
Kenya
Kenya shilling
Nairobi
89
Kiribati
Australian dollar
Tarawa Atoll
90
North Korea
Won
Pyongyang
91
South Korea
Won
Seoul
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92
Kosovo
Pristina
93
Kuwait
Kuwaiti dinar
Kuwait City
94
Kyrgyzstan
Som
Bishkek
95
Laos
New Kip
Vientiane
96
Latvia
Lats
Riga
97
Lebanon
Lebanese pound
Beirut
98
Lesotho
Maluti
Maseru
99
Liberia
Liberian dollar
Monrovia
100
Libya
Libyan dinar
Tripoli
101
Liechtenstein
Swiss franc
Vaduz
102
Lithuania
Litas
Vilnius
103
Luxembourg
Euro (formerly
Luxembourg franc)
Luxembourg
104
Macedonia
Denar
Skopje
105
Madagascar
Malagasy franc
Antananarivo
106
Malawi
Kwacha
Lilongwe
107
Malaysia
Ringgit
Kuala Lumpur
108
Maldives
Rufiya
Male
109
Mali
CFA Franc
Bamako
110
Malta
Maltese lira
Valletta
111
Marshall
Islands
U.S. Dollar
Majuro
112
Mauritania
Ouguiya
Nouakchott
113
Mauritius
Mauritian rupee
Port Louis
114
Mexico
Mexican peso
Mexico City
115
Micronesia,
Federated
States of
U.S. Dollar
Palikir
116
Moldova
Leu
Chisinau
117
Monaco
Euro
Monaco
118
Mongolia
Tugrik
Ulaanbaatar
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119
Montenegro
Euro
Podgorica
120
Morocco
Dirham
Rabat
121
Mozambique
Metical
Maputo
122
Myanmar
(Burma)
Kyat
Rangoon (Yangon);
Naypyidaw or Nay Pyi Taw
(administrative)
123
Namibia
Namibian dollar
Windhoek
124
Nauru
Australian dollar
no official capital;
government offices in Yaren
District
125
Nepal
Nepalese rupee
Kathmandu
126
Netherlands
127
New Zealand
Wellington
128
Nicaragua
Gold cordoba
Managua
129
Niger
CFA Franc
Niamey
130
Nigeria
Naira
Abuja
131
Norway
Norwegian krone
Oslo
132
Oman
Omani rial
Muscat
133
Pakistan
Pakistani rupee
Islamabad
134
Palau
U.S. dollar
Melekeok
135
Panama
Panama City
136
Papua New
Guinea
Kina
Port Moresby
137
Paraguay
Guaran
Asuncion
138
Peru
Lima
139
Philippines
Peso
Manila
140
Poland
Zloty
Warsaw
141
Portugal
Lisbon
142
Qatar
Qatari riyal
Doha
143
Romania
Leu
Bucharest
144
Russia
Ruble
Moscow
145
Rwanda
Rwanda franc
Kigali
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146
Saint Kitts
and Nevis
EastCaribbeandollar
Basseterre
147
Saint Lucia
EastCaribbeandollar
Castries
148
Saint Vincent
and the
Grenadines
EastCaribbeandollar
Kingstown
149
Samoa
Tala
Apia
150
San Marino
Euro
San Marino
151
Sao Tome
and Principe
Dobra
Sao Tome
152
Saudi Arabia
Riyal
Riyadh
153
Senegal
CFA Franc
Dakar
154
Serbia
Belgrade
155
Seychelles
Seychelles rupee
Victoria
156
Sierra Leone
Leone
Freetown
157
Singapore
Singapore dollar
Singapore
158
Slovakia
Koruna
Bratislava
159
Slovenia
Ljubljana
160
Solomon
Islands
Honiara
161
Somalia
Somali shilling
Mogadishu
162
South Africa
Rand
Pretoria (administrative);
Cape Town (legislative);
Bloemfontein (judiciary)
163
South Sudan
Sudanese Pound
Juba
164
Spain
Madrid
165
Sri Lanka
Colombo; Sri
Jayewardenepura Kotte
(legislative)
166
Sudan
Dinar
Khartoum
167
Suriname
Surinamese dollar
Paramaribo
168
Swaziland
Lilangeni
Mbabane
169
Sweden
Krona
Stockholm
170
Switzerland
Swiss franc
Bern
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171
Syria
Syrian pound
Damascus
172
Taiwan
Taiwan dollar
Taipei
173
Tajikistan
Somoni
Dushanbe
174
Tanzania
Tanzanian shilling
175
Thailand
Baht
Bangkok
176
Togo
CFA Franc
Lome
177
Tonga
Pa'anga
Nuku'alofa
178
Trinidad and
Tobago
Port-of-Spain
179
Tunisia
Tunisian dinar
Tunis
180
Turkey
Ankara
181
Turkmenistan
Manat
Ashgabat
182
Tuvalu
Australian dollar
183
Uganda
Kampala
184
Ukraine
Hryvna
Kyiv
U.A.E. dirham
Abu Dhabi
Pound sterling
London
Dollar
Washington D.C.
185
186
187
United Arab
Emirates
United
Kingdom
United States
of America
188
Uruguay
Uruguay peso
Montevideo
189
Uzbekistan
Uzbekistani sum
Tashkent
190
Vanuatu
Vatu
Port-Vila
191
Vatican City
(Holy See)
Euro
Vatican City
192
Venezuela
Bolivar
Caracas
193
Vietnam
Dong
Hanoi
194
Yemen
Rial
Sanaa
195
Zambia
Kwacha
Lusaka
196
Zimbabwe
Zimbabwean dollar
Harare
IMPORTANTDAYSANDDATES
january
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January
January
January
January
January
January
January
January
February
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June
June 4 - International day of Innocent Children Victims of Aggression
June 5 - World Environment Day
June 7 - International Level Crossing Awareness Day
June 8 - World oceans Day
June 12 - World Day against Child Labour
June 14 - World Blood Donor day
June 17 - World Day to Combat Desertification and Drought
June 20 - World Refugee Day
June 23 - United Nations Public Service Day
June 23 - International widow's day
June 26 - International Day against Drug Abuse and IIlicit Trafficking
June 27 - International Diabetes Day
July
July 1 - National doctor's Day
July 11 - World Population Day
July 12 - Malala Day
July 18 - Nelson Mandela International Day
July 28 - World Nature Conservation day
July 30 - International Day of Friendship
August
August 3 - Independence Day of Niger
August 5 - Independence Day of Upper Volta
August 9 - International day of the World's Indigenous People
August 12 - International Youth Day
August 15 - Independence Day (India )
August 23 - Internatinal Day for the Remembrance of the Slave Trade and its Abolition
August 29 - National Sports Day ( Birthday of Dhyan Chand )
September
September
September
September
September
September
September
September
September
October
October
October
October
October
October
October
October
October
October
October
October
October
October
October
October
October
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November
November
November
November
November
November
November
November
November
November
November
November
November
November
November
November
December
December
December
December
December
December
December
December
December
December
December
December
December
December
December
December
December
December
CUPSANDTROPHIES(ASSOCIATEDWITHSPORTS/GAMES)
Sport
Hockey
Football
Cricket
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Table
Tennis
Badminton
Basketball
Bridge
Polo
Athletics
Air Racing
Billiards
Boxing
Golf
Chess
Horse
Racing
Netball
Rugby
Football
Shooting
Volleyball
Yatching
SPORTSInternational&NationalBodies
1.CRICKET_
ICC--international cricket council
BCCI-board of control for cricket india
2.HOCKEY_
FIH-federation of international hockey
HI-hockey india
3.BADMINTON_
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CricketStadiumLocation
Eden Gardens--Kolkata
Wankhede--Mumbai
Feroz Shah Kotla Ground--Delhi
M. Chinnaswamy Stadium--Bangalore, Karnataka
Keenan Stadium--Jamshedpur, Jharkhand
Moin-Ul-Haq Stadium--Patna, Bihar
Raipur International Cricket Stadium--Chhattisgarh
DY Patil Stadium--Navi Mumbai
Jawaharlal Nehru Internationl --Stadium Kochi
Rajiv Gandhi International Cricket Stadium--Hyderabad
MCA Pune International Cricket Centre --Pune
Sardar Patel Stadium--Gujarat
Municipal Corporation Stadium
--Kozhikode
M. A. Chidambaram Stadium--Chennai
INTERNATIONALBOUNDARIES
1. Line of Actual Control--India & China on the Northern Border
2. Line of Control
--India and Pakistan
3. Durand Line--Afghanistan and Pakistan.
4. Radcliffe Line--India and Pakistan (its includes Banladesh Line)
5. Blue Line --Isreal & Lebanon
6. Purple Line -- Israel and Syria
7. Green Line --Israel and its neighbours (Egypt, Jordan, Lebanon and Syria)
8. MasonDixon line-- Maryland and Pennsylvania/Delaware in Colonial America
9. Curzon Line--Poland & Russia
10. Military Demarcation Line (MDL)--North Korea and South Korea.
11. Armistice Line--North Korea and South Korea.
12. McMohan Line--India & China
13. Maginot Line--France & Germany
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INDIAsMISSILESANDTHEIRSTRIKERANGE
MISSILE NAME
Prahaar
Prithvi-II
Dhanush
Agni-I
Agni-II
Agni-III
Agni-IV
Agni-V
Akash
Astra
Brahmos
Nirbhay
K-15
K-4
Shourya
Nag(Anti-tank missile)
STRIKE RANGE(km)
150
350
350
700 1,250 km
2,000 3,000 km[
3,500 5,000 km
3,000 4,000 km
5,000 8,000 km
25
65
290
1000
700
3000
700
500m to 4 km
TechincalAbbrevations
1.
2.
3.
4.
5.
6.
7.
8.
9.
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10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.
35.
36.
37.
38.
If you have any doubt regarding any news, kindly recheck it and notify us please. If
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