July August Notes

CURRENT UPDATES JULY &
AUGUST
MONTH
TARGET
IBPS
PO
2014-15
NAGPUR & PUNE CENTRE
JULY/AUGUST:
2014
UPDATED UP TO
[Type text]
Page 1
JULY : AUGUST 2014 (CURRENT)
YASHSHREE
COMPETITION ZONE
Current RBI RATES

16/08/2014
1. Repo Rate 8%
2. Reverse Repo 7%
3. CRR 4%
4. SLR 22% (changed from 22.5%) on 05/08/2014
5. MSF 9%
6. Bank Rate 9%
YASHSHREE COMPETITION ZONE

Nagpur -Bhagini Mandal, Zansi Rani chowk, Siatabuldi, Nagpur (0712) 6509424, 9422124984
Pune - Ketki Building, Besides Alka Talkies,Navi Peth, Pune-9960133124
Chinchwad-Heritage Plaza,Near Morya Hospital,Chapekar Chowk, Chinchwad ,
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India Celebrated 68th Independence Day, where Prime Minister Narendra
Modi integrated for poorest of the poor with bank accounts under
'Pradhanmantri Jan-Dhan Yojana', which cover Rs 1 lakh insurance.
Arun Jaitley re launched VPBY Varistha Pension Bima Yojna on eve of
the 68th Independence Day for Vulnerable Section of Society providing
Monthly pension ranging from 500 to 5,000 per month to Senior Citizens.
India's highest peacetime gallantry award Ashoka Chakra will be
conferred on Major Mukund Varadarajan on independence Day.
Subhash Sheoratan Mundra (Chairman & MD of Bank of Baroda) took
charge as
the fourth Deputy Governor of the RBI in Place of K C
Chakrabarty.
Rama Subramaniam Gandhi is a Deputy Governor of the RBI he was
appointed as Deputy Governor after a protracted period of uncertainty and
controversy following the retirement of Anand Sinha.
RBI guidelines for implementation of Bharat Bill Payment System
(BPPS), an anytime anywhere bill payment System which enable the
customers to pay the bills with the help of agents and getting instant
confirmation of the payment made.
State Bank of India (SBI) has launched three digital banking facilities for
the convenience of SBI customers 1ST will offer customers the facility to
open accounts and 2ND avail of housing loans at their doorsteps through
Tab Banking & The third service is e-KYC (Know your Customer).
Botswanas Okavango Delta became the 1000th site inscribed on the World
Heritage recently Announced by UNESCO.
COUNTRY/DEPT/STATE
INTERNATIONAL APPOINTMENTS
PERSON
INTERNATIONAL APPOINTMENTS
President (IRAQ)
PM (IRAQ)
Muhammad fuad masum

Haider al-Abadi

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Pm (libya)
President (Malawi)
Presidnet (italy)
Goodwill Ambasdor to UN
President (egypt)
Prime Minister
of
South Korea
Treasury minister of uk
Turkey (President)
Indonesia President
European Commissionpresident (to be)
President (ICC).
Chairman (ICC)
Pakistani envoy to India:
Abdullah al thani
Peter Mutharika
Giorgio napolitano
Emma Watson
Abdel fattah
Chung Hung Won
Priti patel (indian born)
Recep Tayyip Erdogan
Joko Widodo
JeanClaude Juncker
Mustafa Kamal
N Srinivasan:
Abdul Basit
INDIAN APPOINTMENTS
INDIAN APPOINTMENTS
Chairman (indian council of historical

research) ichr
CBDT chairman
th
4 dupty governor (RBI)
28th army chief
Dy. Speaker Loksabha
Chief (staff committee) cosc
Ajit doval
Horticulture ambassador (MAH)
Pvt secretary of pm
Governor Haryana
Governor WB
Governor UP
Governor Gujrat
Governor Chattisgarh
Governor Mizoram
Chairman ICHR
Y sudharshan rao
Kv chowdary
S s mundra
Dalbir singh
M Thambidurai
Arup raha
National security advisor
Amitabh bachchan
Sanjeev kumar singla
Kaptan singh solanki
Keshari nath tripathi
Ram naik
Om Prakash Kohli
Balram ji das Tondon
Kamla Beniwal
Y sudharshan rao

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Member UN board auditor
Chariman IOC
Chairman (CIL) coal india ltd
Chairman (CII) conf of ind industry
Governor chattisgarh
DIN (berkeley law school)
SBI life insurance (MD & CEO)
Deputy national security advisor
Jugde of supreme court
Sashikant Das
Uday Umesh Lalit, Abhay Manohar
Sapre, R. Banumathi, Prafull Chandra
Pant
Shashi kant sharma (CAG)

B ashok
A k dubey
Chetan tamboli
Balramji dass
Sujit chaudhari (indo us)
Arijit basu
Arvind gupta
Adarsh kumar goel
Revenue Secratery
New Judges SC.
The Asian Infrastructure Investment Bank (AIIB) is an international

financial institution proposed by China, And invited India to participate in
the founding the bank.
The government reappointed HR Khan as the Deputy Governor of the
Reserve Bank of India, for a further period of 2 years.
BMB bank inked pact with Gujrat Chamber of commerce and industry to
encourage women entrepreneurs.
INDIA established ATS message handling system (AMHS) connectivity
with Nepal.
Tata & Singapore Airlines ltd (SIA) named its upcoming joint venture
airline as VISTARA, which will start their service soon.
The Air exercise Garuda V.concluded successfully was combined
exercise between India and France was.
ORGANIZATIN
PROJECTION/GROWTH RATE GDP

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FY
YEAR

RBI
5.50%
2014-15
UN REPORT
5.50%
2014-15
ADB
5.50%
2014-15
6.30% (2015-16)
WORLD BANK
4.80%
2014-15
IMF
5.40%
2014-15
NSSO (Economic Survey)
5.40%
2014-15
WTO
3.30%
2014-15
.
India has inked a loan agreement with World Bank for an assistance of
153 million Dollor for the Odisha Disaster Recovery Project.
delhi in India has become the worlds second most populous city in 2014
after Tokyo,according to a UN report released recently.
Bank of Maharashtra was conferred Best Bank Public Sector award
in BFSI Awards-2014 by World HRD Congress.
Chandra Shekhar Ghosh, CMD of Bandhan, has received the
Entrepreneur of the Year award from the All India Management
Association (AIMA).
External Affairs Minister Sushma Swaraj and U.S. Secretary of State
John Kerry on Thursday co-chaired fifth Indo-US Strategic Dialogue
during which the two sides discussed
India announced a new liberal visa policy for nationals of AFGANISTAN
on humanitarian grounds.
Recenty the WORLD BANK has announced that it is increasing its lending
capacity to developing countries such as China, India and Brazil.

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TCS has become the most valued co. in terms off market capitalization of
5 LACS CR. in india in a recent survey.
The govt approved sale of 10mn Tonne of Wheat from FCI stock in the
open market in order to boost domestic supply and check prices.
RBI has raised the FII Sub limit in Govt bonds to 30Bn recently.
COMMITTEE
SECTOR
Nachiket mor Committee

Bimal Jalan Committee
MB Shah Committee
G Padmanabhan committee
Financial Inclusion
New banking licence
Black Money/Money Laundring
Efficient systems and proficient banks
P J Nayak committee
Suresh Prabhu Committee
P J Nayak committee
R K Singh committee
NACHIKET COMMITTEE
Disinvestment of Capital Adequacy

Gas pricing formula
Governance of Board of Banks
Parliamentary Security
PRIVATE BANKS
Indias current account deficit (CAD) is likely to fall to ......... percent of the
GDP in 2014-15-=2.1%
Recently in Rajasthan state solar thermal power plant has been installed.
Third BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and
Economic Cooperation) Summit was held in Nay Pyi Taw, Myanmar. 6
country (Ind, Bangledesh, Nepal, S.lanka, Bhutan, Myanmar)
The following three pacts were signed:

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*Memorandum of Association on the Establishment of the BIMSTEC
PermanentSecretariat.
*Memorandum of Understanding on the Establishment of the BIMSTEC
Cultural Industries Commission (BCIC) and BIMSTEC Cultural Industries
Observatory(BCIO).
*Memorandum of Association among BIMSTEC Member Countries
Concerning Establishment of a BIMSTEC Centre for Weather and Climate.
The union govt announced to build 200 low cost airports in next 20 years=
The Reserve Bank of India (RBI) extended the 80:20 scheme to import
gold to five private banks. (HDFC Bank, Axis Bank, Kotak Mahindra Bank,
IndusInd Bank and Yes Bank. ).
AXIS BANK the third largest from the private sector space in the country,
launched the "Kisan Card" through which afarmer can withdraw up to Rs 1
lakh per day from automated teller machines ( ATMs).
Air India (first indian airlines) announce to join largest global airlined
network STAR ALLIANCE (Germany)
The Lives of Others authored by Neel Mukherjee (Kolkata-born British
Indian writer) was shortlisted for Man Booker Prize (1969) 2014.
The Vijay Mallya Story written by K Giriprakash was published by
Penguin Books Limited.
The Reserve Bank of India (RBI) cancelled the certificate of registration of
six non-banking financial company (NBFCs), Reason not disclosed so far.
Amitabh Bachchan, the Indian Megastar was appointed as the horticulture
ambassador of Maharashtra.
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Infrastructure bonds issued by banks will have a minimum maturity
period of seven years and will not be considered part of the their net.
SUMMIT
PLACE/VENUE
G 20 2014
SYDNEY (AUSTRALIA)
6TH BRICS SUMMIT 2014
PORTALEZA (BRAZIL)
Next 7th will be UFA (RUSSIA)
7TH IBSA Summit 2015
INDIA
40TH G 8 (RUSSIA OUT) 2014
BRUSSELS (BELGIUM) was planned at

sochi (Russia)
st
Next 41 will be in GERMANY
Green Economic Summit 2014
Dubai
NATO 2014 SUMMIT
BRITAIN (proposed))
18TH SAARC SUMMIT 2014
KATMANDU (proposed)
3RD NUCLEAR SECURITY SUMMIT

2014
HAGUE, NETHERLAND (NEXT 2016 AT

US)
3RD BIMTEC SUMMIT 2014
NAY PYI TAW (MYANMAR)

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NAM 2013
TEHRAN (IRAN) NEXT 2015

VENEZUELA
9th WTO Ministerial Conference

ARAB LEAGUE SUMMIT 2014
World Telecommunications Dev conf
World Economic Forum 2014
BALI INDONESIA
KUWAIT
DUBAI
Abuja (Nigeria)
Third phase of Science Express Biodiversity Special (SEBS) was flagged

off from Safdarjung Railway Station in New Delhi.
Union Government of India launched the Rashtriya Gokul Mission (a
nationwide scheme) to promote conservation and developments of
indigenous breeds of cows (New Delhi). Fund received 150 cr.
World Hepatitis Day was observed across the world on 28 July 2014. The
years theme was Think Again.
RBI has set a minimum paidup capital of Rs.100 crore for those who wish
to set up payments and small banks.
Union Finance Ministry gave its nod to the proposal to set up rape crisis
centres in all district of the country.(aim-offer medical and legal services
besides police help).
External Affairs Minister Sushma Swaraj visited Nepal recently where she
met with she met Nepals top leaders namely President Ram Baran Yadav
and Prime Minister Sushil Koirala & Mahendra Bahadur Pandey foreign
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external affairs minister Nepal. (India & Nepal to boost cooperation in
defence, security, trade & investment.
Last year Govt of West Bengal Started a Programme KANYASHREE
PRAKALPA for Child Marriage Concern Recently got international
Recognition by UNICEF.
Prime Minister of India, Narendra Modi launched a web platform
MyGov.nic.in which enable the citizens especially the youth to volunteer
for specific tasks and projects at grassroots level & people to reach the
government with ideas and suggestions FOR GOOD GOVERNANCE.
The Central Bank of Sri Lanka (CBSL) and the Reserve Bank of India
(RBI) signed an agreement, enabling the RBI to access the Sri Lankan
government securities market, up to a maximum value of $500 million.
The Comptroller & Auditor General CAG of India, Shashi Kant Sharma
assumed office as Member of the United Nations Board of Auditors for a
term of six year.
National Commodity & Derivatives Exchange Ltd (NCDEX) on announced
introducing a comprehensive hedge policy for the commodity markets.
(aim- making risk management easier, simpler and accessible for commodity
businesses.)
The Reserve Bank of India RBI penalised 12 banks in Deccan Chronicle
Holdings Limited case. The penalty imposed on these banks was of order 1.5
crore rupees
The Union Government revised investment target for Dedicated Freight
Corridor (DFC) from 27000 crore rupees to 80000 crore rupees.
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A statue of Mahatma Gandhi would be installed in Parliament Square in
London by early next year.
European Union extended the sanctions on Russia in wake of the
Malaysian Airplane BOEING 777, MH-17 crash that happened over eastern
Ukraine.
Gariphema village in Nagaland has been declared the country's first
"tobacco-free village".
18th Edition of Malabar Naval exercise 2014 started in the Pacific Ocean,
nation INDIA, US & JAPAN combined exercise.
India decided against signing Trade Facilitation Agreement (TFA) of the
World Trade Organisation (WTO), reason to change the base year of
calculating food subsidies.
Satellite SARAL is a cooperative technology mission between ISRO and
CNES. CNES is the space agency of France
NASAs Chandra X-ray Observatory has spotted the youngest black hole so
far in the Milky Way galaxy named W49B
BIHAR, recently, launched a special vaccination drive to cover 1.8 million
children against Japanese encephalitis.
RAPID (Rapid Apprasial of programme implementation in District.)
programme is being implemented in Haryana to ensure that all the health
facilities and services are accessible to the people.
China Mobile and vodafone of the following mobile operators had created
a consortium to bid for mobile licences in Myanmar.

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REPORT/PUBLICATION
ORGANIZATION
HUMAN DEVLOPMENT INDEX

WORLD INVESTMENT REPORT
UNDP/PLANNING COMISSION
BUSINESS INDEX
INCLUSIVE WELTH REPORT
World Urbanization Prospects Report
WORLD DEV REPORT
GLOBAL COMPETITIVENESS REPORT
WORLD ECONOMIC OUTLOOK
GLOBAL FINANCIAL STABILITY
REPORT
REVIEW OF MACROECONOMIC &
MONETARY DEV
UNCTAD (United Nations Conference on

Trade and Developmen
WORLD BANK
UNO
UNO
IBRD (WORLD BANK)
WORLD ECONOMIC FORUM
IMF
IMF
RBI
FINANCIAL STABILITY REPORT
RBI
OUTLOOK SUPLEMENT REPORT

Economic Survey
Financial Data of India
ADB
NSSO
NSSO
CONCOR (Container Corporation of India Ltd) Under Ministry of Railway

Unit has been given NAVRATNA STATUs recently. There are 7
MAHARATNA CO. (BHEL, CIL, GAIL, IOC, NTPC, ONGC & SAIL) &
17 NAVRATNA CO. (last month Navratna status given to National
Buildings Construction Corporation Limited (NBCC) and Engineers India
Limited (EIL) .
Corporation Bank has rolled out a new type of savings accounts named-SB
Super. The minimum Quarterly Average Balance for this account is- 15,000

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World Population Day was observed across the world on 11th july the
theme was INVESTING IN YOUNG PEOPLE.
Aparajita Datta, recently, won the Whitley Award for a project to conserve
Hornbill birds in Arunachal Pradesh.
GOA launched the scheme of Krishi Card, recently As per Indian commitment, the TAPI project would be implemented By
2017
RBI has proposed to introduce Inflation Indexed Bonds (IIBs), recently
which will be inked to Wholesale Price Index.
The government has allowed IKEA(Swedish company-world's largest
furniture retailer) to invest 10,500 cr setting up home furnishing stores in
the country.
India and Maldives have agreed to jointly patrol and conduct surveillance
to strengthen maritime security in region-indian ocean
Pakistan has said to grant India the Status of NDMA (Non Discriminatory
Market Access ) to facilitate enhanced bilateral Trade.
UP Govt set to appoint nearly 1.70 lakh shiksha mitras as regular primary
teachers.
For promotion Farmer Producer Organisations (FPOs) National Bank of
Agriculture and Rural Development (NABARD)and the Small Farmers
Agribusiness Consortium (SFAC) have signed a Memorandum of
Understanding(MoU).
KERLA has been conferred the United Nations Award for creating
innovative initiatives for sustainable tourism, the first time India has ever
won the recognition
Olympic medal-winning boXER Mary Koms autobiography, titled
'Unbreakable' was unveiled by the bollywood megastar Amitabh Bachchan
As Indian Milk Products contain the computn Melamine recently China
baned all indian Milk products.
MP first in the country, capital Bhopal now has a one stop crisis centre
'Gauravi' for women who are victims of violence
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Recently Flipkart acquired other online co. MYNTRA.

Sachin Tendulkar Appointed as Goodwill Ambassador of UNICEF.
Recently UP started kanya Vidyadhan Yojana.
India State of Forest Report (ISFR) 2013 released Recently, 24.01% area
covered by Forest, largest State MP, largest % state Arunanchal Pradesh &
West Bengal is a state with maximum increase in forest area from past year.
RBI Extended the timeline for full implementation of BASEL NORMS III
from 31/03/2018 to 31/03/2019.
Recently Canara Bank Signed an agreement with the KOCHI metro for a
loan of Rs. 1170 cr
Recently former president of US Bill Clinton visited JABROULI village in
Lucknow on an Awareness mission on DIARRHOEA.
Recently in 6th BRICS Summit took place at Fortaleza, BRAZIL India
Signed Three Agreements with Brazil in the field of Enviroment, Space,
Mobility/Consular & One of the most important decision taken was the
establishment of 100 Billion dollar NEW DEVELOPMENT BANK with
equal contribution of BRICS countries, Shanghai will be the HQ and an
Indian will be the First CEO. The theme was Inclusive Growth;
Sustainable Development
Recently Civil Aviation Ministry constituted a group to examine the
maximum potential of the GAGAN (GPS aided geo augmented
navigation).
Recently in BERLIN exhibition on 100 Years of 1st World War Started, &
in UK LIGHTS OUT Project has been unveild to commemorate 100
years of first World War.
PM made his first foreign tour to BHUTAN.
Germany recently adoped a new law that allows dual Citizenship for the
children of immigrants.
Recently France announced 8200 cr Assistance for 3 year to India.

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SOFIA (Stratospheric Observatory for Infrared Astronomy)- is a joint
project of NASA and the German Aerospace Center (DLR) to construct and
maintain an airborne observatory.
AWARDS
AWARDS
ROMON MAGSAYSAY AWARD 2014

HU SHULI
WANG CANFA
SAUR MARLINA MANURUNG
OMARA KHAN MASOUDI
RANDY HALASAN
THE CITIZENS FOUNDATION
CHINA
CHINA
INDONESIA
AFGANISTAN
PHILLIPPINES
PAK
Rajiv Gandhi National Sadbhavana Award

Prem Bhatiya Award
Pen Printer Award
Jnanpith Award
Bharat Gaurav by East Bengal Club
DATO ALEX LEE AWARD
MUZAFFAR ALI
SMITA GUPTA
Salman Rushdie
Kedar Nath Singh
Bachendri Pal
Saurav Ghosal (SQUASH PLAYER)
Best Bank Public Sector
Bank of Maharashtra
Entrepreneur of the Year

World Food Prize 2014
Moortidevi Award
Chandra Shekhar Ghosh (CMD

BANDHAN)
Sanjaya Rajaram
C Radhakrishnan
GANDHI PEACE PRIZE
Chandi Prashad Bhatt
Man Booker Prize
NEEL MUKHERJEE (shortlisted)
Copley Medal
SIR ALEC JEFFREYS

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Ramanujam mathematics award
Anand kumar
Dsc prize
Cyrus mistry's
Swarswati samman
Govind mishra
Dadasaheb phlake award
Gulzar
Miss universe 13
Gabriela isler
Miss india 14
Koyal rana
Baileya prize
Jhumpa lahiri
Uk asian award
M s dhoni
Templeton prize
Tomas halik
Sant Kabir Awards
Subadani Devi
Merlin Award
Samraz (kerla magician)
In karnatka, Russia mining and steel giant severstal Indias biggest iron are
minir NMDC is to set up a 5 million tones steel plant.
According to Rangrajan Report CHHATTISGARH has highest number
of people under BPL.
IMFOSYS recognised as winner of the prestigious global, Asian and Indian
Most Admired Knowledge Enterprises (MAKE) award
Reliance Communications is all set to secure a $1.93-billion long-term
loan from China Development Bank for a 10-year period.
Recently insurance Regulartory and development Authority IRDA has
imposed Rs. 50 lakh on SIX insurance companies for failing to comply with
various norms.
Banglore become the first city to free Wi-fi Spots for Public.
NASAs first satellite launched to measure the carbon dioxide in the
environment is OCO-2 (Orbiting Carbon Observatory-2)
According to tourism ministry data, TAMIL NADU has topped the list of
states in terms of number of domestic tourist visits during 2013.
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World Bank President JIM YONG KIM Arrived in New Delhi for his 3
day Tour.
BOI started CARD LESS Cash Withdrawal service from his limited ATMs.
Sierra Leone, President Siera declared a Public Health emergency in Sierra
to Curb the deadly EBOLA OUTBREAK, and LIBERIA State
emergency on.
EBOLA disease (caused of FRUTS BATS) has been declared as Global
Health Emergency by WHO.
WHO has been approved ZMAPP a drug to fight against EBOLA Virus.
The World Bank has pledged USD 200 million in emergency funding
to Guinea, Liberia and Sierra Leone to help the West African countries
contain spread of deadly Ebola infections and improve public health
systems.
Malavath Purna 13 Year from the Khammam district of Andhra Pradesh
became the youngest female climber to scale the Mount Everest.
According to World Urbanisation Report (UN), 54% of Worlds Population
lives in Urban Area. TOKYO was ranked 1st in most populous city
followed by DELHI followed by SHANGHAI.
NEEL MUKHERJEE (Lives Of the Others) was recently shortlisted for
Man Booker Prize 2014.
MUZAFFAR ALI, a noted filmmaker of India was selected for RAJI
GANDHI NATIONAL SADBHAVANA AWARD on Sadbhavana Divas on
20th JUNE.
Delhi Police has launched Whatsapp Helpline to Curb Corruption.
Classical Music reality Show of DOORDARSHAN naad bhed featured
in LIMCA BOOK OF RECORDS.
WalMart India launched its online platform for members of Best Price
Modern Wholesale stores in Hyderabad and Lucknow.

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Indian Air Force on 28 July 2014 received its sixth C-17 Globemaster III
(MILITARY TRANSPORT aircraft), with its payload carriage and
performance (about 75 tonnes).
The President of India, Pranab Mukherjee inaugurated thepresidents Estate
Branch of United Bank of India and Rashtrapati Bhavan Post Office in
their new buildings.
The Supreme Court permitted Uttar Pradesh government to cut 697 trees
for new Agra-Shamshabad-Rajakhera Road.
Tata Consultancy Services (TCS-service provider to SBI) became the first
Indian company to achieve a market capitalization of 5 lakh crore rupees.
(TCS is the largest software services exporter of the country and is currently
the most valued company in India in terms of market valuation).
BOOKS
WRITER
One life is not enough
Natwar singh
Munger through the Ages
DEVENDRA
YADAV
Neel mukherjee
The lives of others
PRASHAD

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The substance and the shadow
Dilip kumar
A bad character
Deepti kapor
The Lowland
Jhumpa Lahari
The good, bad & rediculous
Kushwant singh
Train to pakistan
Kushwant singh
My years with rajiv & sonia
R d pradhan
Crusader or conspirator
Pc parekh
The accidental pm
Dr sanjay baru
The vijay Mallya
K Giriprakash
STRICTLY PERSONAL
Daman Singh
Telecom Regulatory Authority of India (TRAI) has notified that the

minimum broadband speed has been raised to 512 kilo bytes per second
(kbps).
The Chief Minister of Meghalaya, Dr Mukul Sangma launched a mass
enrolment drive under the Chief Minister's Social Assistance (CMSA)
Scheme 500 pm for widows and persons with disabilities.
Yphoon Matmo struck east of Taiwan Matmo, with a wind gust of 173
kilometres per hour.
Internet search engine giant Google announced to launch its Hindi version
of Google Maps ONLY.

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The classical music reality show of Doordarshan Naad Bhed-The
Mystery of Sound will be featured in LIMCA BOOK OF
RECORDS. (air of programme-aims at promoting and popularising Indian
classical music and rewarding the best young practitioners of classical
music.)
Indian tennis star Sania Mirza was appointment as Brand Ambassador of
Telangana.
3P India, announced by Finance Minister Arun Jaitley in the Budget to
facilitate the sluggish public-private partnership (PPP) projects, is likely
to be a non-profit company on the lines of the National Skill Development
Council (NSDC).
The 12th meeting of Sub Committee of the Financial Stability and
Development Council (FSDC) was held in New Delhi recently chaired by
Dr. Raghuram G. Rajan
Recently BCCI suggested 3 member committee to Supreme Court who will
conduct a fair probe into the IPL 6 spot-fixing and betting scandle (Ravi
Shastri, J N Patel & R K Ragwan).
According to a report released by Independent Evaluation office(IEO), Rs. 1
is spent by the government on distribution to deliver worth of food 3.65Rs.
UK based marks and Spencer announced that the company will open 100
stores in India by 2016.
Recently RBI has decided that Indian companies will not be permitted to
raise ECB from overseas branches or subsidiaries of Indian banks for
refinance or repayment of the Rupee loans raised from domestic banking
system.
Britain's premium luxury goods brand East India Company has issued an
exclusive legal tender gold coin worth 12,000 pound sterling in honour of
Indian cricket legend Sachin Tendulkar.
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Reliance Industries Limited and Network has recently done 18 deals
worth 400 crores.
RECENT ABBREVIATIONS
0
1
2
3
4
5
6
7
8
9
1
0
1
1
1
2
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3
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4
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6
1
STRIPS
OFS
BSBDA
AMFI
FDR
STT
BCTT
NDTL
REER
FIFA
OBU
Stanford Research Institute Problem Solver

Offer to Sale
Basic savings bank deposit account
Asso. Of mutual fund in india
Fixed deposit receipt
Security transaction tax
Banking cash transaction tax
Net demand & time liabilities
Real effective exchange rate
Federation international football association
Offshore Banking Unit
V SAT
Very small Rperture terminal
BANCS
UEBA
Bell admistrative network communication

satellite
Universal electronic banking account
BCSBI
Banking code & standard board of india
IIFN
Infinet indian finalcial network
TIN
Tax information network
IMPS
Interbank mobile payment service

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7
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BSBDA
Basic savings bank deposit account
FCNR(B)
Foreign currency nonresident bank
LCR
Liquidity coverage ratio
FSLRC
Financial sector legislative reform commission
GIRO
Government internal revenue order
AMFI
Association of Mutual Fund in India
CAR
Cash adequacy ratio
GSLV
Geosynchronous launch vehicle
TAPI
UrkmenistanAfghanistanPakistanIndia
VVPAT
Voter verifiable paper audit trail
CAG
Controller and Auditor General of India
CRAR
Capital to Risk Weighted Asset Ratio
BIS
Banking international settlement
FCCB
Foreign currency convertible bond
ISO
International standards org.
HUDCO
Housing & urban dev corp.

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3
3
4
3
5
3
6
3
7
3
8
NRE
Non resident external
NPS
National pension scheme
ICANN
ARCIL
Internet Corporation for Assigned Names

and Numbers
Asset Reconstruction Company (India) Ltd.
SIT
Special investigation team
Recently ICICI bank has been declared as the biggest private bank
employer.
The World Bank will give around one thousand two hundred crore rupees
loan to the West Bengal Government for improvement of a thousand Gram
Panchayats in the State.
Indias largest telecom firm Bharti Airtel on Monday said it has crossed 300
million customers mark across its mobile, fixed line, DSL and DTH
services.
Footwear and apparel maker Woodland has tied up with UNICEF to
promote a water, sanitation and hygiene campaign (WASH) in Assam.
International pop star SHAKIRA is officially the most popular person on
Facebook with over a 100 million likes, the most for any public
BMB Bank has bagged Core Banking System Initiative award 2014
recently.
MOXIE of NASAs Mars Rover mission 2020 will geanerate oxygen at
Mars.
With GERMANY broadcaster Prasar Bharti has signed agreement to
increase overseas presence of Doordarshan.

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YUNNAN, China's province has been affected by earthquake of

magnitude 6.1 recently.
PASHUPATINATH TEMPLE complex will be renovated by Indian
assistance in Nepal and 1 Billion of line of credit has been given by India
to Nepal recently.
Flipkart Indian Company has raised 1 billion dollar investment recently.
Fathers Day is celebrated worldwide on JUNE 15TH to recognize the
contribution that fathers.
The 16th Lok Sabha will have a record number of 61 women leaders as
compared to 59 women mps elected during the previous General Elections.
The Worlds tallest Railway Bridge at NONEY in Manipur has a length
of 700 meters with average height of piers is 50-90 meters started.
A goal of to promote a global system for protecting the

natural HABITATS of tigers and to raise public awareness and support for
tiger conservation issues, world TIGER DAY celebrated on JULY 29TH.
The Reserve Bank will shortly issue new Rs. 20 denomination banknotes in
the Mahatma Gandhi series-2005 with inset letter E. These banknotes
would bear the year of printing '2014' on the reverse side of the currency.
Prime Minister Narendra Modi dedicated to the nation the 240 MW Uri-II
hydropower project built by NHPC at a cost of Rs. 2290 crore in Jammu
and Kashmir.
Amul has inked an agreement with the Indian Olympic Association to
sponsor the Indian contingent for the upcoming Glasgow 2014
Commonwealth Games and the Asian Games to be held later this year in
South Korea.
GAAR, General Anti Avoidence Rule will be introduced from April 1,
2015.
Kudankulam nuclear power projects second 1,000 MW unit is expected to
be commissioned shortly. The power project, located in Tamil Nadu, has
two units of 1,000 MW generation capacities each.
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A top American think-tank has launched a programme, India- 2020,
which will examine short and long:term policy priorities for every aspect of
the India-US strategic partnership.
The encouraging response for 5kg LPG cylinders has prompted Bharat
Petroleum Corporation Ltd BPCL to look at introducing 3kg and 2kg
cylinders in the market.
The Asian Development Bank (ADB) approved 300 million US dollars loan
to Assam. The loan will help Assam in its drive to eliminate power sector
inefficiencies.
India is set to become the third largest economy in the world by 2030,
according to latest estimates by a PricewaterhouseCoopers (PwC) report
The Government has announced setting up of 16 National Investment and
Manufacturing Zones (NIMZs) to boost economic growth soon.
Prime Minister
unveiled ambitious financial inclusion scheme on
Independence Day to provide bank accounts to 15 crore poor persons with
an overdraft facility of Rs 5,000 and accident insurance of Rs. 1 Lakh
Two mathematicians of Indian origin, Manjul Bhargava and Subhash
Khot, are among the eight winners of the prestigious awards of the
International Mathematical Union (IMU)
The Government has slapped an additional penalty of $579 million on
Reliance Industries for producing less than targeted natural gas from its
KG-D6 block.
Havning 10 Districts Telangana Became 29th State of India.
Bolivia has become the first nation to legalise child labour from age 10.
Recently Indian Army test Fired AKASH MISSILE from ITR Balasore
Odisha, Akash is a Surface to air Missile.
Shah Rukh Khan was conferred with top French civilian award Knight of
the Legion of Honor.

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Hero MotoCorp, a two wheeler manufacturer, has signed a three year deal
to be the title sponsor of the Indian Super League, the initial franchise
based football league.
NASA and Boeing have inked a $2.8 billion deal to develop a giant rocket
which is set to be the largest and most powerful ever built
The Securities and Exchange Board of India, SEBI has imposed a penalty of
13 crore rupees on Reliance Industries Limited for alleged irregularities in
issuance of warrants by the company to its promoters.
Minority Affairs Minister Najma Heptullah has said the government has
launched a scheme titled, PADHO PARDESH, for providing interest
subsidy on educational loans for overseas studies for Reserve Category
students
Eminent cartoonist Pran Kumar Sharma, popularly known as Pran, who
gave life to lovable comic characters/Cartoonist Chacha Chaudhury and
his friend Sabu died.
CIBIL has also recently launched new product for banks called
Alert wherein it will send an alert to the bank whenever there is a change
in the profile of a customer and about to start RISK INDEX for
consumer to Banks.
Manipur at 83.29 per cent tops the list of percentage of growth in
employment as per Sixth Economic Census released by NSSO.
Narendra Modi met his Nepalese counterpart Sushil Koirala during which
the two sides inked THREE agreements, including one on the 5,600 MW
PANCHESHWAR MULTIPURPOSE PROJECT.
The Reserve Bank of India (RBI) cancelled the licence of The Vasai Cooperative Urban Bank Ltd., Hyderabad (Telangana).
The CBI on Saturday arrested six persons including chairman-cummanaging director of Syndicate Bank SK Jain for allegedly taking bribe of
Rs. 50 lakh.
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A double-decker train will run between the state capital and New Delhi to
lucknow from September.
World Hepatitis Day is being observed today all over the world to generate
mass awareness about the deadly disease the theme was 'It's closer than
you think.'
18th BASIC countries ministerial meeting (Brazil, South Africa, India and
China) recently held at New Delhi (India), Climate Change negotiation
was main Issue.
India is ranked 135 in Human Development Index, HDI report which was
released by the United Nations Development Programme, UNDP.
Global Innovation Index : Switzerland
has remain top, India placed at
no 76th.
IIT Ranked as best university among all Brics University.
AirAsia India, which stated operations in the country, now has services to
Goa, Chennai and Kochi from Bangalore.
Chhattisgarh, According to RBIs latest study, ranks as the best
performing state.
Gujarat, As per the Assocham report, among the following states has
emerging as a prominent manufacturing investment hub in the country.
T P Seetharam,Indias permanent representative to International Rene
wable Energy Agency (IRENA).
UnionCabinet
approved the Juvenile
Justice
Bill, 2014,
The bill will treat minors
above the age of 16 as adults.
BUDGET 2014-15 (MISCELLANEOUS)

NOTE: This is only Miscellaneous Part of Budget, Students are advised to download Original
Budget sheet 2014 15.

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Agriculture Universities in Andhra Pradesh and Rajasthan and
Horticulture Universities in Telangana and Haryana to be opened with an
outlay of 200 crore rupees.
Long Term Rural Credit Fund to set up for the purpose of providing
refinance support to Cooperative Banks and Regional Rural Banks with
an initial corpus of 5000 crore rupees.
Deen Dayal Upadhyaya Gram Jyoti Yojana for feeder separation to
augment power supply to the rural areas with an outlay of 500 crore rupees
launched
Ajeevika, the provision of bank loan for women SHGs at 4% to be
extended to another 100 districts.
Neeranchal to give impetus to watershed development in the country with
an initial outlay of 2142 crores rupees
UrbanDevelopment Housing for targated All by 2022.
Varishtha Pension Bima Yojana (VPBY) to be revived for a limited period
from 15 August, 2014 to 14 August 2015 for the benefit of citizens aged 60
years and above
Swachh Bharat Abhiyan to cover every household with sanitation facility
by the year 2019
5 AIIMS like institutions in Andhra Pradesh, West Bengal, Vidarbha in
Maharashtra and Poorvanchal in Uttar Pradesh with an outlay of 500
crores rupees
5 IITsIndian Institute of Technology to be set up in Jammu, Chhattisgarh,
Goa, Andhra Pradesh and Kerala with an outlay of 500 crore rupees.
5 IIMs Indian Institute of Management to be set up in the States of
Himachal Pradesh, Punjab, Bihar, Odisha and Rajasthan
A new 24x7 channel called Arun Prabha to provide a strong platform to
rich cultural and linguistic identity of the North-East to be launched
The budget allocated further sum of 1000 crore rupees to meet requirement
for One Rank One Pension
100 crore rupees has been provided for sports university in Manipur
9730465412
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An amount of 100 crores rupees set aside for Agri-tech Infrastructure
Fund.
To provide institutional finance to landless farmers, it is proposed to provide
finance to 5 lakh joint farming groups of Bhoomi Heen Kisan through
NABARD
A target of 8 lakh crore rupees has been set for agriculture credit during
2014-15
4200 crore rupees for Ganga project river connectivity from Allahabad to
Haldia
100 crore rupees provided to set up a National Centre for Himalayan
Studies in Uttarakhand
A new scheme Beti Bachao, Beti Padhao Yojana launched to create
awareness and improve the efficiency of delivery of welfare services for
women with 100 cr.
4000 crore rupees for National Housing Bank for flow of cheap housing
finance
Cigarettes to cost more, excise duty hiked to 72 percent from 11 percent
Pranab Mukherjee in the Budget Speech 2013-14 announced the
introduction of facility of One Stop Crisis Centres. This is in context of
providing all the necessary services to Women sections.
During 12th Plan, outlay for Rs. 2200 crore has been provisioned for
National Ganga River Basin Authority (NGRBA), which has been
entrusted with the work of controlling pollution in the river Ganga.
in the Union Budget 2014 3600 cr has been allocated to National Rural
Drinking Water .
GAMES
FOOTBALL
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FIFA (Football) World CUP host
2. 2018 : Russia
3. 2022: Qatar
*FIFA @ RIO DE JANERIO (BRAZIL) 2014, total 32 team participated.
*winner- Germany
runner- Argentine
* In FIFA World Cup, the winning country Germany was awarded with $35
million and Argentina the first runner up was awarded with $25 million.
* Golden Ball Award: Lionel Messi
* Golden Boot Award: James Rodriguez of Colombia
* Golden Glove Award: Manuel Neuer (Germany
* HatRick Goal: Thomas Muller (Germany) &
Xherdan
Shaqiri
(Switzerland)
claim second Hat trick.
*in FIFA ranking Netheland occupy No. 3rd spot
*Mascot- FULECO
*Philipp Lahm, the
captain of Germany football team announced retirement
from international Games.
20th COMMON WEALTH GAMES 2014 (GLASGOW- SCOTLAND) NEXT
GOLD COAST, AUSTRALIA
*Game was declared open by the British Queen Elizabeth II.
*During the ceremony a minute's silence was observed in memory of the 298
people who died when flight MH17 crashed in the Ukraine.
*Shooter, Vijay Kumar led the Indian contingent.
*71 nation participated.
*Clyde is the mascot of the Glasgow Commonwealth Games. Where as logo was
designed by Marque Creative.
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*motto of Commonwealth Games 2014-PEOPLE, PLACE & PASSION
*SHOOTING PAIR EVENT has been reinstated in Commonwealth Games on
India's request.
*Next 21st CWG will be in Gold Coast @ Australia.
*In CWG india won 64 medels (15 Gold, 30 Silver & 19 Bronze) and stood at
no. 5th (Respective Winner are England 58:59:57-174, Aus, Canada & Scotland)
GAMES
GOLD MADELIST
WEIGHTLIFTING
1
K SANJITA CHANU (F 48 KG) 1ST GMEDEL FOR INDIA (1ST DAY)
SUKHEN DEY (M 56 KG) (1ST DAY)
SATISH SIVALINGAM (M 77 KG)
WRESTLING
4
SUSHIL KUMAR (75 KG)
YOGESHWAR DUTT (65 KG)
AMIT KUMAR
BABITA KUMARI (F 55 KG)
VINESH PHOGAT
SHOOTING
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9
ABHINAV BINDRA (10M)
10
JITU RAI (50M)
11
RAHI SARNOBAT
12
APURVI CHANDELA
ATHLETICS
13
VIKAS GOWDA
SQUACH
14
DIPIKA
PALIKAL
CHINAPPA
&
JOSHANA
BADMINTION
15
PARUPALLI KASHYAT
CRICKET
Ond day international:
1. Australia & New Zealand: 2015 Cricket World Cup.
2. England will host 2019 Cricket World Cup.
3. India will host 2023 World Cup for the fourth time.
T-20 world cup:
1. Bangladesh host the: World T20 Cup 2014. (For Men & women)
2. India will host the: World T20 Cup 2016. (For Men & women)
Test match world cup:
1. England to host Cricket World Test Champions in 2017 (for first time).
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2. India will host World Test Championship in 2021.
TENNIS
Australian Open 2014
*Mens Single-Switzerland's Stanislas Wawrinka defeated Rafeal Nadal
*Womens Single- Li Na (China) defeated Li Na (China
*Womens Doubles-Errani and Roberta Vinci
French Open 2014
*Mens Singh- Rafael Nadal
*Womens Singh- Maria SaraPova
*Mens Double- E R Vasselin & Julien Benneteau
*Womens Double- Hsiesh Su wei & Peng Shuai
FORMULA 1 (CAR)
LEWIS HAMILTON (UK)-British GP, Malaysian GP & Singapore Grand Prix.
LEWIS HAMILTON (UK)- Grand Prix
NICO ROSBERG - Australian & Monaco Grand Prix
OTHERS
Asinan Games 2014- South Korea @ Incheon
Recently Sim Bhullar become the first player of Indian origin to be a part of the
National Basketball Association (NBA)
Jo-Wilfried Tsonga won the Rogers Cup (Tennis), beating second-seeded Roger
Federer.
Archery World Cup Deepika Kumari-led women's archery recurve team wins
gold.
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Vincenzo Nibali of Italy won the 101st edition of the Tour de France in cycling
(game).
Manipur won 20th National Womens Football chaimpionship.
SABINE LISICKI has set record of fastest serve in women's tennis.
Paragliding World Cup Association selected Himachal Pradesh as a venue
to host the 2015 para-gliding World Cup.
Roger Federer became the first man to win 300 matches at the ATP Masters.
R Ashwin ranked no. 1 Test all-rounder in ICC Ranking.
Indian Womens Recurve team led by Deepika Kumari won gold medal at
Archery World Cup Stage IV in Wroclaw, Poland.
kapil dev has been appointed as head of Arjuna awards selection committee
2014 recently.
Former Hockey Captain Ajitpal Singh to head Dronacharya Award Selection
Committee.
India equaled world record of maximum number of 6 ducks in a Test innings.
of the Manchester Test played against England.
The 2014 Men's Hockey World Cup was the 13th edition of the Hockey World
Cup. It was held The Hague, Netherlands won by AUSTRALIA.
Mercedes driver Nico Rosberg won 2014 German Grand Prix
Irishman Rory McIlroy won British Golf Open 2014
Rahul Dravid elected as member of Laureus World Sports Academy
35th National Games to be held in Kerala in February 2015.
================================================
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July August Notes

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CURRENT UPDATES JULY &

JULY : AUGUST 2014 (CURRENT)

Current RBI RATES

YASHSHREE COMPETITION ZONE

JULY : AUGUST 2014 (CURRENT)

Muhammad fuad masum

YASHSHREE COMPETITION ZONE

JULY : AUGUST 2014 (CURRENT)

Chairman (indian council of historical

YASHSHREE COMPETITION ZONE

JULY : AUGUST 2014 (CURRENT)

Shashi kant sharma (CAG)

The Asian Infrastructure Investment Bank (AIIB) is an international

PROJECTION/GROWTH RATE GDP

YASHSHREE COMPETITION ZONE

JULY : AUGUST 2014 (CURRENT)

NSSO (Economic Survey)

YASHSHREE COMPETITION ZONE

JULY : AUGUST 2014 (CURRENT)

Nachiket mor Committee

Disinvestment of Capital Adequacy

YASHSHREE COMPETITION ZONE

JULY : AUGUST 2014 (CURRENT)

JULY : AUGUST 2014 (CURRENT)

6TH BRICS SUMMIT 2014

7TH IBSA Summit 2015

40TH G 8 (RUSSIA OUT) 2014

BRUSSELS (BELGIUM) was planned at

Green Economic Summit 2014

NATO 2014 SUMMIT

18TH SAARC SUMMIT 2014

3RD NUCLEAR SECURITY SUMMIT

HAGUE, NETHERLAND (NEXT 2016 AT

3RD BIMTEC SUMMIT 2014

NAY PYI TAW (MYANMAR)

YASHSHREE COMPETITION ZONE

JULY : AUGUST 2014 (CURRENT)

TEHRAN (IRAN) NEXT 2015

9th WTO Ministerial Conference

Third phase of Science Express Biodiversity Special (SEBS) was flagged

JULY : AUGUST 2014 (CURRENT)

JULY : AUGUST 2014 (CURRENT)

YASHSHREE COMPETITION ZONE

JULY : AUGUST 2014 (CURRENT)

HUMAN DEVLOPMENT INDEX

UNCTAD (United Nations Conference on

FINANCIAL STABILITY REPORT

OUTLOOK SUPLEMENT REPORT

CONCOR (Container Corporation of India Ltd) Under Ministry of Railway

YASHSHREE COMPETITION ZONE

JULY : AUGUST 2014 (CURRENT)

JULY : AUGUST 2014 (CURRENT)

Recently Flipkart acquired other online co. MYNTRA.

YASHSHREE COMPETITION ZONE

JULY : AUGUST 2014 (CURRENT)

ROMON MAGSAYSAY AWARD 2014

Rajiv Gandhi National Sadbhavana Award

Best Bank Public Sector

Entrepreneur of the Year

Chandra Shekhar Ghosh (CMD

GANDHI PEACE PRIZE

Chandi Prashad Bhatt

Man Booker Prize