RBI Banking Awareness Capsule

----BANKING AWARENESS AND FINANCIAL AWARENESS CAPSULE BY BEWAL SIR---
RESERVE BANK OF INDIA
RBI is the central Bank of India and controls the entire money issue, circulation the entire
money issue, circulation and control by its monetary policies and lending policies by
periodical updates or corrections to discipline the economy.
The central bank of India, founded in 1935, which maintains the monetary policy of its
national currency, the rupee, and the nation's currency reserves.
It is also known as the Bank of last resort/Bankers bank/Governments bank.
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 of India was
initially established in Calcutta but was permanently moved to Mumbai in 1937. Though
originally privately owned, since nationalization in 1949, the Reserve Bank is fully owned by
the Government of India.
MAIN FUNCTIONS OF RBI:

1) Monetary Authority: Formulates implements and monitors the monetary policy.
2) Regulator and supervisor of the financial system: Prescribes broad parameters of banking
operations within which the countrys banking and financial system functions.
3) Manager of Foreign Exchange: Manages the Foreign Exchange Management Act, 1999.
4) Issuer of Currency: Issues and exchanges or destroys currency and coins not fit for
circulations.
5) Development role: Performs a wide range of promotional functions to support national
objectives.
6) Bankers to the Government: performs merchant banking function for the central and the
state governments; also acts as their banker.
7) Bankers to banks: maintains banking accounts of all scheduled banks.
Central Board of RBI:

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. They
are appointed/nominated for a period of four years
Official Directors:
Full-time : Governor and not more than four Deputy Governors
Currently: Dr. Raghuram Rajan (Governor)
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N.S. Vishwanathan (Deputy Governor) replaced to Shri H.R. Khan

Dr. Urjit R. Patel (Deputy Governor)
Shri R. Gandhi (Deputy Governor)
Shri S. S. Mundra (Deputy Governor)
The Governor and a Deputy Governor shall hold office for such term not exceeding five
years as the [Central Government] may fix when appointing them, and shall be eligible for
re-appointment. [A Director nominated under clause (c) of sub-section (1) shall [* * *] hold
office for a period of four years [and thereafter until his successor shall have been
nominated].]
Subsidiaries of RBI:
Fully owned: Deposit Insurance and Credit Guarantee Corporation of India(DICGC),
Bharatiya Reserve Bank Note Mudran Private Limited(BRBNMPL) NATIONAL HOUSING
BANK
Other important facts about RBI:

Capital of RBI Rs 5 cr financeial year 1st July to #0 th June .
Reserve Bank of India (RBI) established on the recommendation of Hilton-Young
Commission.
RBI is the sole authority in India to issue Bank notes in India.
Emblem of RBI: Panther and Palm Tree.
Chintaman Dwarkanath Deshmukh (C D Deshmukh) was the governor of RBI at the Time of
nationalization of RBI in 1949. 1st women Deputy Governor of RBI -K.J.Udeshi.
RBI is not expected to perform the function of accepting deposits from the general public.
The first Governor of the Reserve Bank of India from 01.04.1935 to 30.06.1937 was Sir
Osborne Smith
RBI decides the following rates namely; Bank rate, repo rate, reverse repo rate and cash
reserve ratio.
1.RBI has introduced E- KUBER plate form for trading of PSLCs

This is plate form on which priority sector lending certificates are traded by banks . The
minimum lot size is of Rs25lakh.
2. CERSAI: cental registry is the depository which keeps details of immovable properties
financed by banks and financial institutions under CERFAESI Act2002 Central This is a
company licensed under section 25 of the Companies Act, 1956 and registered by the
Registrar of Companies, New Delhi. The Company is a Government Company with a
shareholding of 51% by the Central Government and select Public Sector Banks and the
National Housing Bank are also shareholders of the Company.
3.BBPS: Bharat bill payment system is an integrated bill payment in india offering bill
payments services to customers through a net work of agents
4. Minimum Capital for new private bank and Small banks and Payment banks
The minimum capital for universal banking Rs. 500 Cr, Payment Bank Rs. 100 Cr. and
Small finance bank Rs. 100 Cr. White label ATM Rs. 100 Cr allowed to 7 NBFC.
5.RBI Isuued guide lines while writing rupee in words one LAKH will be used intead of lac
6.What is star series notes :

The Reserve Bank has adopted the Star series numbering system for replacement of
defectively printed banknotes
7.What new features introduced by RBI in new series notes ?

1.The numbers will be in acending order , The thousand rupee note will have R series on
the security thread
Monetary policy?
A Monetary policy is the process by which the Central bank, of a country controls
(i) the supply of money,
(ii) availability of money, and
(iii) cost of money or rate of interest, in order
to attain a set of objectives oriented towards the growth and stability of the economy.
Presently the review of policy is once in two months
1. What is LAF ?
Liquidity Adjustment Facility (LAF) was introduced by RBI during June, 2000 in phases, to
ensure smooth transition and keeping pace with technological up gradation.
2. What is a Repo Rate?

Repo rate is the rate at which our banks borrow rupees from RBI. Whenever the banks have
any shortage of funds they can borrow it from RBI. A reduction in the repo rate will help
banks to get money at a cheaper rate. When the repo rate increases, borrowing from RBI
becomes more expensive. Banks can borrow1% of their NDTL. Banks have to pledge Govt
securities against these borrowing .
3. What is Reverse Repo Rate?

This is exact opposite of Repo rate. Reverse Repo rate is the rate at which Reserve Bank of
India (RBI) borrows money from banks. RBI uses this tool when it feels there is too much
money floating in the banking system. Banks are always happy to lend money to RBI since
their money is in safe hands with a good interest. An increase in Reverse repo rate can
cause the banks to transfer more funds to RBI due to this attractive interest rates. Banks get
govt bonds from RBI against these funds lent.
4. What is SLR Rate?

SLR (Statutory Liquidity Ratio) is the amount a commercial bank needs to maintain in the
form of cash, or gold or govt. approved securities (Bonds) before providing credit to its
customers. SLR rate is determined and maintained by the RBI (Reserve Bank of India) in
order to control the expansion of bank credit. SLR is determined as the percentage of total
demand and percentage of time liabilities. Time Liabilities are the liabilities a commercial
bank liable to pay to the customers on their anytime demand. SLR is used to control
inflation and propel growth. Through SLR rate tuning the money supply in the system can
be controlled efficiently.
5. What is CRR Rate?

Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with RBI. If RBI
decides to increase the percent of this, the available amount with the banks comes down.
RBI is using this method (increase of CRR rate), to drain out the excessive money from the
banks.
6. What is Bank Rate?

Bank rate, also referred to as the discount rate, is the rate of interest which a central bank
charges on the loans and advances that it extends to commercial banks and other financial
intermediaries. Changes in the bank rate are often used by central banks to control the
money supply.Its long term lending rate of RBI
7. What is PLR?
The Prime Interest Rate is the interest rate charged by banks to their most creditworthy
customers (usually the most prominent and stable business customers). The rate is almost
always the same amongst major banks. Adjustments to the prime rate are made by banks at
the same time; although, the prime rate does not adjust on any regular basis. The Prime
Rate is usually adjusted at the same time and in correlation to the adjustments of the Fed
Funds Rate. The Some banks use the name "Reference Rate" or "Base Lending Rate" to refer
to their Prime Lending Rate.
8. What is Base Rate

It is the minimum rate of interest that a bank is allowed to charge from its customers.
Unless mandated by the government, RBI rule stipulates that no bank can offer loans at a
rate lower than BR to any of its customers. It is effective from, July 1, 2010 and to be
decided by individual banks . However, all existing loans, including home loans and car
loans, will continue to be at the current rate. Only the new loans taken on or after July 1 and
old loans being renewed after this date will be linked to Base rate .
9. WHAT IS MCLR
Marginal Cost of Funds based Lending Rate has now replaced Base rate from 1/4/2016
with a purpose of passing on the benefit of reduction in the reporate interest by banks to
their borrowers.
10. What is TREASURY BILLS (TB)?
Treasury bills (T-Bills) are the short term liabilities of the central government .theoretically
government of India issued three types of T-bills through auctions, namely 91 days,
182days,and 364 days. There are no treasury bills issued by state government. Minimum
amount of T Bills is Rs. 25000and in multiple of RS. 25000.T-bills are issued at a discount
and are redeemed at par from 1st April 1997 treasury bills have been replaced by WAYS
AND MEANS ADVANCES
11. Open Market Operations
An open market operation (OMO) is an activity by a central bank to give (or take) liquidity in
its currency to (or from) a bank or a group of banks. The central bank can either buy or
sell government bonds in the open market (this is where the name was historically derived
from) or, which is now mostly the preferred solution, enter into a repo or secured lending
transaction with a commercial bank: the central bank gives the money as a deposit for a
defined period and synchronously takes an eligible asset as collateral. A central bank uses
OMO as the primary means of implementing monetary policy.
BANKING :
Definition of Banking Business
Banking as defined in the Section 5 (b) of the Banking Regulations Act, 1949 is the business
of "Accepting deposits of money from the public for the purpose of lending or investment".
These deposits are repayable on demand or otherwise, and withdrawable by a cheque,
draft, order or otherwise.
The deposits accepted by a Banking Company are different from those accepted by Non
Banking Finance Company or any other company in the nature in which these are
repayable. Banks are the only financial institutes which can accept demand deposits (Saving
/ Current) which can be withdrawn by a cheque.
Section 6 of Banking Regulations Act, 1949 elaborately specifies the other forms of business
which a banking company may carry in addition to banking as defined in section 5. These
include in a nutshell
Issuing Demand Drafts & Travellers Cheques
Collection of Cheques, Bills of exchange
Discounting and purchase of Bills
Safe Deposit Lockers
Issuing Letters of Credit & Letters of Guarantee
Sales and Purchase of Foreign Exchange
Custodial Services
Investment services
doing all such other things as are incidental or conducive to the promotion or advancement
of the business of the company;
any other form of business which the Central Government may, by notification in the Official
Gazette, specify as a form of business in which it is lawful for a banking company to engage.
No banking company shall engage in any form of business other than those referred to
above
1. What is the business bank can not do?

Bank can not trade in commodities , real estates , and can not accept deposit without
payment of interest (except current account ) RBI has also recently advised the bank on 21
April2016 for not doing the IAS services( investment advisory services ) in the branches
2. What is a Non-Banking Financial Company (NBFC)?

A Non-Banking Financial Company (NBFC) is a company registered under the Companies
Act, 1956 ( now 2013) engaged in the business of loans and advances, acquisition of
shares/stocks/bonds/ debentures/securities issued by Government or local authority or
other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit
business but does not include any institution whose principal business is that of agriculture
activity, industrial activity, purchase or sale of any goods (other than securities) or providing
any services and sale/purchase/construction of immovable property. A non-banking
institution which is a company and has principal business of receiving deposits under any
scheme or arrangement in one lump sum or in installments by way of contributions or in
any other manner, is also a non-banking financial company (Residuary non-banking
company). Capital required for depositing accepting company is Rs500 cr . and other Rs2 cr
3. NBFCs are doing functions similar to banks.

What is difference between banks & NBFCs ? NBFCs lend and make investments and hence
their activities are akin to that of banks; however there are a few differences as given below:
NBFC cannot accept demand deposits; NBFCs do not form part of the payment and
settlement system and cannot issue cheques drawn on itself; deposit insurance facility of
Deposit Insurance and Credit Guarantee Corporation is not available to depositors of
NBFCs, unlike in case of banks. But NBFC can accept term deposits fore more than one year
and less then five year period . the maximum rate of interest can be paid 12.5% p.a
4 . What is Private Banking?

Banking services offered to high net-worth individuals. Private banking institution assists the
high net-worth individual in investing his/her money in exchange for commissions and fees.
The term "private" refers to the customer service being rendered on a more personal basis.
5. What is BSBDA?
Under the guidelines issued on August 10, 2012 by RBI: Any individual, including poor or
those from weaker section of the society, can open zero balance account in any bank.
BSBDA guidelines are applicable to "all scheduled commercial banks in India, including
foreign banks having branches in India". All the accounts opened earlier as 'no-frills'
account should be renamed as BSBDA. Banks are required to convert the existing 'no-frills'
accounts into 'Basic Savings Bank Deposit Accounts'. The 'Basic Savings Bank Deposit
Account' should be considered as a normal banking service available to all customers,
through branches. The aim of introducing 'Basic Savings Bank Deposit Account' is very
much part of the efforts of RBI for furthering Financial Inclusion objectives.
6. What is BPS (Basis Points)?

BPS (Basis point) : - BPS is an acronym for basic points is used to indicate changes in rate of
interest and other financial instrument.
1 BASIC POINT IS EQUAL TO 0.01%
when we say that repo rate has been increased by 25 bps,it means that the rate has been
increased by 0.25%
7. What is Money Laundering?

Money laundering is the processes of concealing the source of obtain money. Money or
funds obtained through illegal activities are presented as legitimate. PMLA 2002
8. What is KYC?
The Reserve Bank of India (RBI) has advised banks to follow KYC guidelines, wherein certain
personal information of the account- opening prospect or the customer is obtained. The
objective of doing so is to enable the Bank to have positive identification of its customers.
This is also in the interest of customers to safeguard their hard earned money. The KYC
guidelines of RBI mandate banks to collect three proofs from their customers. They are-
Photograph
Proof of identity
Proof of address
Now Aadhar card is E KYC acceptable in opening of account .
9. What is SWIFT?
SWIFT :- Society for worldwide Interbank financial telecommunication. India was 74th
Nation to join SWIFT Network. SWIFT Code is a standard format of bank Identifier code. This
code is used particularly in International transfer of money between banks.
A majority of FOREX related message are sent to correspondent banks abroad through
SWIFT. SWIFT Code consist 8 or 11 character when code is 8 digit, It is referred to primary
office 4 bank code 2 country code 2 location code 3 branch code (optional).
10. What LIBOR, LIBOR is the average interbank interest rate at which a selection of banks
on the London money market are prepared to lend to one another. LIBOR comes in 7
maturities (from overnight to 12 months) and in 5 different currencies. The official LIBOR
interest rates are announced once per working day at around 11:45 a.m. In the past, the
BBA/ICE published LIBOR rates for 5 more currencies (Swedish krona, Danish krone,
Canadian dollar, Australian dollar and New Zealand dollar) and 8 more maturities (2 weeks,
4, 5, 7, 8, 9, 10 and 11 months).
LIBOR is watched closely by both professionals and private individuals because the LIBOR
interest rate is used as a base rate (benchmark) by banks and other financial institutions.
Rises and falls in the LIBOR interest rates can therefore have consequences for the interest
rates on all sorts of banking products such as savings accounts, mortgages and loans.
11.What is SIBOR & SOR?

The SIBOR (Singapore Interbank Offered Rate) and SOR (Swap Offer Rate) rates are
benchmark rates for property loans in Singapore (both residential and commercial)
12. What is NOSTRO and VOSTRO account? LORA account ?

NOSTRO Account: A NOSTRO account is maintained by an Indian bank in the foreign
countries. VOSTRO Account: a vostro a/c is maintained by a foreign bank in India with their
corresponding bank for doing transaction in foreign currencies. It has to be opened
different currencies of the concerned country. Lora account is cross currency account.
13. What is a DEMAT Account?

DEMAT is nothing but a dematerialized account. If one has to save money or make cheque
payments, then he/she needs to open a bank account. Similarly, one needs to open a
DeMat account if he/she wants to buy or sell stocks. Thus, DeMat account is similar to a
bank account wherein the actual money is being replaced by shares. In order to open a
DeMat account, one needs to approach the Depository Participants [DPs]. In India, a DEMAT
Account is a type of banking account that dematerializes paper-based physical stock shares.
The DEMAT account is used to avoid holding of physical shares: the shares are bought as
well as sold through a stock broker. In this case, the advantage is that one does not need
any physical evidence for possessing these shares. All the things are taken care of by the
DPs.
This account is very popular in India. Physically only 500 shares can be traded as per the
provision given by SEBI. From April 2006, it has become mandatory for any person holding a
DeMat account to possess a Permanent Account Number (PAN).
14. What is RuPay Card?

RuPay is the Indian domestic card payment network set up by National Payments
Corporation of India (NPCI) at the behest of banks in India. The RuPay project had been
conceived by Indian Banks Association (IBA) and had the approval of Reserve Bank of India
(RBI).
RuPay Logo National Payments Corporation of India (NPCI) has a plan to provide a full
range of card payment services including the RuPay ATM, RuPay Micro ATM, Debit, Prepaid
and Credit Cards which will be accepted in India and abroad, across various channels like
POS, Internet, IVR and mobile etc.
15. PLASTIC MONEY

The debit card,credit cards and smart cards white cards are known as plastic money . The
debit card is linked account where as the credit card is given as credit facility on the baisi of
income . Smart cards are prepaid cards . white cards are credit cards where issuers have
joined together without any name on the cards. These are small credit credit cards .
16. What is Foreign Exchange Reserves?
Foreign exchange reserves (also called Forex reserves) in a strict sense are only the foreign
currency deposits and bonds held by central banks and monetary authorities. However, the
term in popular usage commonly includes foreign exchange and gold, SDRs and IMF
reserve positions. In March 2016 it was around $363 bn
17. What is Bancassurance?

Bancassurance stands for distribution of financial products particularly the insurance
policies (both the life and non-life), also called referral business, by banks as corporate
agents, through their branches located in different parts of the country.
18. What is the difference between Nationalized bank and Private Bank ?
A Nationalized bank is one that is owned by the government of the country. Since the
people decide who the government is, they are also referred to as public sector banks. The
government is responsible for the money deposited into the accounts of these banks.
Where as a private sector bank is one that is owned by an independent individual or a
company that is controlled by a few individuals. In short, the bank is owned by someone
else and they run the bank. The person owning/running the bank is responsible for the
money deposited into the accounts of these banks.
19. What are non-perfoming assets? (NPA)

A classification used by financial institutions that refer to loans that are in jeopardy of
default. Once the borrower has failed to make interest or principal payments for 90 days the
loan is considered to be a non-performing asset. Also known as "non-performing loan".
20. What is SEZ?

SEZ means Special Economic Zone is the one of the part of governments policies in India. A
special Economic zone is a geographical region that economic laws which are more liberal
than the usual economic laws in the country. The basic motto behind this is to increase
foreign investment, development of infrastructure, job opportunities and increase the
income level of the people.
21. What is SIDBI?

The Small Industries Development Bank of India is a state-run bank aimed to aid the growth
and development of micro, small and medium scale industries in India. Set up in 1990
through an act of parliament, it was incorporated initially as a wholly owned subsidiary of
Industrial Development Bank of India. Head office at Lucknow.The authorised capital is
Rs1000cr The present paid up is capital Rs450 cr . The present Chairman Mr. Chhatra pati
Shivaji. Under CGTMSE scheme gives guarantee to Entrepreneurs up to Rs1.cr, Link
Authority to operate Mudra Yojana
22. What is COMMERCIAL PAPER (CP)?

Commercial Paper was introduced by RBI in 1991. It is a short term money market
instrument issued in the form of promissory note .Corporate; primary dealers and the all
India financial institution are eligible to issue CP. The maturity period of each commercial
paper is 7days to 1year from the date of issue .CP can be issued denominations of Rs. 5lakh
or multiples thereof. Only a schedule bank can act as an issuing and paying agent (IPA) for
issuance of CP. The issuing company should have minimum Rs4 cr capital and rating A2
23. What is CD
Certificate of deposits is issued by Banks when they need funds , These issued minimum 7
days and maximum one year on discounted rates in multiple of Rs1.lac . Select F I can also
issue CD upto 100% their net owned funds for 1year to 3 years period
24. What is CRM?

Customer Relationship Management (CRM) refers to the ability to understand, anticipate
and manage the needs of the customer, interaction and relationship resulting in increased
profitability through revenue and margin growth and operational efficiencies.
25. What is Right to information Act?

The Right to Information act is a law enacted by the Parliament of India giving citizens of
India access to records of the Central Government and State Governments .The Act applies
to all States and Union Territories of India, except the State of Jammu and Kashmir - which
is covered under a State-level law. This law was passed by Parliament on 15 June 2005 and
came fully into force on 13 October 2005.
26. What is dematerialization?

Dematerialization is a process by which the paper certificates of an investor are taken back
by the company/registrar and actually destroyed and an equivalent number of securities are
credited in electronic holdings of that investor.
27. What is Derivative?
A derivative is a financial contract that derives its value from another financial
product/commodity (say spot rate) called underlying (that may be a stock, stock index, a
foreign currency, a commodity). Forward contract in foreign exchange transaction, is a

simple form of a derivative. options of call and puts also.
28. What is Bitcoin?

Bitcoin is a consensus network that enables a new payment system and a completely digital
money. It is the first decentralized peer-to- peer payment network that is powered by its
users with no central authority or middlemen. From a user perspective, Bit coin is pretty
much like cash for the Internet. Bit coin can also be seen as the most prominent triple entry
bookkeeping system in existence.
29. What is Deposit Rate?

Interest Rates paid by a depository institution on the cash on deposit.
30. What is the Banking Ombudsman Scheme?

The Banking Ombudsman Scheme enables an expeditious and inexpensive forum to bank
customers for resolution of complaints relating to certain services rendered by banks. The
scheme has been revised by banking ombudsman scheme 2006 .The Reserve Bank may
appoint one or more of its officers in the rank of Chief General Manager or General
Manager to be known as Banking Ombudsmen to carry out the functions entrusted to them
by or under the Scheme.
(2) The appointment of Banking Ombudsman under the above Clause may be made for a
period not exceeding three years at a time. THE OMBUDSMAN can pass an award up to
Rs10 lacs and Rs 1.lac in credit card.All Scheduled Commercial Banks, Regional Rural Banks
and Scheduled Primary Co-operative Banks are covered under the Scheme.
31. What is Fiscal Policy?

Fiscal policy is the use of government spending and revenue collection to influence the
economy. These policies affect tax rates, interest rates and government spending, in an
effort to control the economy. Fiscal policy is an additional method to determine public
revenue and public expenditure and also public debt
32. What is Inflation?

Inflation is as an increase in the price of bunch of Goods and services that projects the
Indian economy. An increase in inflation figures occurs when there is an increase in the
average level of prices in Goods and services. Inflation happens when there are fewer Goods
and more buyers; this will result in increase in the price of Goods, since there is more
demand and less supply of the goods. A. consumer price index base 2012 commodities
250. B. WPI 2011-12 commodities 576
33. What is Deflation?/recession
Deflation is the continuous decrease in prices of goods and services. Deflation occurs when
the inflation rate becomes negative (below zero) and stays there for a longer period.when
there is negative growth in gross domestic production for continuous two quarter the
recession is declared .
34. What is FII?

FII (Foreign Institutional Investor) used to denote an investor, mostly in the form of an
institution. An institution established outside India, which proposes to invest in Indian
market, in other words buying Indian stocks. FII's generally buy in large volumes which has
an impact on the stock markets. Institutional Investors includes pension funds, mutual
funds, Insurance Companies, Banks, etc.
35. What is FDI?

FDI (Foreign Direct Investment) occurs with the purchase of the physical assets or a
significant amount of ownership (stock) of a company in another country in order to gain a
measure of management control (Or) A foreign company having a stake in a Indian
Company .Foreign Direct Investment is when persons/companies who/which are non-
Indian, Invest in Indian companies.
Thus, through FDI, the investors become the shareholders in Indian companies and usually
have stake that will give them controlling power of the company. FDI can be done in many
ways popular of which are through acquiring of shares and merger and acquisition.
Also important to know is that there are two routes of FDI, namely, Automatic Route(does
not require RBI or Central Government approval) and the Government Route (requires the
approvals for those not covered under the automatic route). India got $ 39.93 bn.in 2016
Benefits of FDI to India
FDI brings in more capital into the economy.
It brings in the much needed foreign exchange foreign currency.
It also boosts the domestic economy and industries and generally triggers a positive
economic ripple effect.
It brings in more revenues for the Income Tax Department.
Advanced technology touches the shores of the host country, along with technically
superior human resource.
Sectors where FDI is ALLOWED and the latest caps.
1. Petroleum Refining by PSU (49%).
2. Cable Networks (49%).
3. Print Media (26%).
4. Aviation Sector: 100% FDI under automatic route in Greenfield and Brownfield
Airport Projects to aid in modernization of the existing airports to establish a high
standard
5. Satellites- establishment and operation (74%).
6. Private security agencies (49%).
7. Railway infrastructure 100%
8. Food products: , 100%. It will include trading in food products including through e-
commerce, in respect of food products manufactured or produced in India.
9. Defence Sector: Present FDI regime in this sector permits 49% FDI participation in the
equity of a company under automatic route. Now, FDI beyond 49% has now been
permitted through government approval route, in cases resulting in access to
modern technology in the country or for other reasons. FDI limit also has been made
applicable to Manufacturing of Small Arms and Ammunitions covered under Arms
Act, 1959.
10. Pharmaceutical Sector: In this sector, 100% FDI under automatic route in greenfield
pharma has been approved. FDI up to 100% under government approval in
brownfield pharma also has been approved.
11. Animal Husbandry: 100% FDI allowed in Animal Husbandry (including breeding of
dogs), Aquaculture, Pisciculture and Apiculture under Automatic Route without
requirement of controlled conditions.
12. Single Brand Retail Trading: 100% . Entities undertaking single brand retail trading
have been relaxed from local sourcing norms up to 3 years. Entities engaged in of
single brand retail trading of products having state-of-art and cutting edge
technology have been relaxed from local sourcing norms up to 5 years.
13. Tourism 100%
14. Private Sector Banking (74%).
15. Public Sector Banking (20%).
16. Commodity exchanges (49%).
17. Credit information companies (74%).
18. Infrastructure companies in securities market (49%).
19. Insurance and sub-activities (49%).
20. Power exchanges (49%).
21. Pension Sector (49%)
22. Sectors where FDI is NOT ALLOWED
23. FDI in the following sectors are prohibited completely i.e., under both Automatic
and Government routes it is not allowed.
24. Atomic Energy , Agricultural and Plantation activities, Gambling, betting and lottery
25. Nidhis and Chit Funds, Real Estate , Manufacture of cigarettes and tobacco
36. What is IPO?/ FPO

IPO is Initial Public Offering. This is the first offering of shares to the general public from a
company wishes to list on the stock exchanges. When there is second or further issue of
shares by company it is called Follow on public issue
37. What is GDP?

The Gross Domestic Product or GDP is a measure of all of the services and goods produced
in a country over a specific period; classically a year.
38. What is GNP?

Gross National Product is measured as GDP plus income of residents from investments
made abroad minus income earned by foreigners in domestic market.
39. What is Gross Value Addition?

GDP duplication is gross value addition . Now IMF and RBI declares the growth in GVA
method in three ways . Production method ,income and expenditure methods
40. What is Revenue deficit?

It defines that, where the net amount received (by taxes & other forms) fails to meet the
predicted net amount to be received by the government.
41. What is Disinvestment?

The Selling of the government stake in public sector undertakings.
42. What is Fiscal Deficit?

It is the difference between the governments total receipts (excluding borrowings) and
total expenditure. Which the proposes to borrow by issuing bond
43. What is National Income?

National Income is the money value of all goods and services produced in a Country during
the year.
44. What are Mutual funds?

Mutual funds are investment companies that pool money from investors at large and offer
to sell and buy back its shares on a continuous basis and use the capital thus raised to
invest in securities of different companies. The mutual fund will have a fund manager that
trades the pooled money on a regular basis. The net proceeds or losses are then typically
distributed to the investors annually. A company that invests its clients' pooled fund into
securities that match its declared financial objectives. Asset management companies
(AMC)provide investors with more diversification and investing options than they would
have by themselves. Mutual funds, hedge funds and pension plans are all run by asset
management companies. These companies earn income by charging service fees to their
clients.The perday unit value is declared as NAV net asset value
45. What is Cheque?

Cheque is a negotiable instrument instructing a Bank to pay a specific amount from a
specified account held in the maker/ depositor's name with that Bank.A bill of exchange
drawn on a specified banker and payable on demand.Written order directing a bank to pay
money. As per the amendment in NIAct 1881 the ECS and CTS is also treated cheques.
46. What is demand Draft?

A demand draft is an instrument used for effecting transfer of money. It is a Negotiable
Instrument. Cheque and Demand-Draft both are used for Transfer of money. You can 100%
trust a DD. It is a banker's check. A check may be dishonored for lack of funds a DD can not.
Cheque is written by an individual and Demand draft is issued by a bank. People believe
banks more than individuals
47. What is NABARD?

It is an apex development bank in India, having headquarters in Mumbai and other
branches are all over the country. The committee to review arrangements for institutional
credit for agriculture and rural development (CRAFICARD), set up by the Reserve Bank of
India (RBI) under the chairmanship of Shri B. Sivaraman, conceived and recommended the
establishment of National Bank for Agriculture and Rural Development (NABARD). It was
established on 12 July 1982 by a special Act of parliament and its main focus was on
upliftment of rural India by increasing the credit flow for elevation of agriculture & rural non
farm sector and completed its 34 years on 1 Jan 2016. Chairman Mr. Harsh Kumar Bhanwala.
The authorized capital of the NABARD has been raised to Rs. 20000 cr
48. What is SEBI?

SEBI is the regulator for the Securities Market in India. Originally set up by the Government
of India in 1988, it acquired statutory form from 12th April 1992 with SEBI Act 1992 being
passed by the Indian Parliament. Chaired by U.K.Sinha whose tenure has been extended
Feb 2017.The SEBI now regulate the commodity markets also after merger of FMC 28th
Spet2015.
49. What is SENSEX and NIFTY?

SENSEX is the short term for the words "Sensitive Index" and is associated with the Bombay
(Mumbai) Stock Exchange (BSE). The SENSEX was first formed on 1-1-1986 and used the
market capitalization of the 30 most traded stocks of BSE. Where as NSE has 50 most traded
stocks of NSE.SENSEX IS THE INDEX OF BSE. AND NIFTY IS THE INDEX OF NSE.BOTH WILL
SHOW DAILY TRADING MARKS. Sensex and Nifty both are an "index. An index is basically
an indicator it indicates whether most of the stocks have gone up or most of the stocks
have gone down.
50. What is Sub-prime crisis?

The current Subprime crisis is due to sub-prime lending. These are the loans given to the
people having low credit rating.
51. What is shadow Banking?

The shadow banking system is a term for the collection of non-bank financial
intermediaries that provide services similar to traditional commercial banks but outside
normal financial regulations. e.g. NBFC or any entity asscept demand deposits and land
money which not authorized.
52. What is Islamic Banking?

Islamic Banking is as per Shariyat Law of Islam in which taking of interest is prohibited.
53. What is Universal Banking?

Providing of all the products under one roof by a bank.
54. What is Offshore Banking?

An Indian Bank branch provides total banking transaction in forign currency in our country.
55. What is Narrow Banking?

In Narrow Banking Banks are allowed to take deposit but not allowed for give Loans.
56. What is difference between Payment Bank and Small Bank?

RBI has granted in principle approval for opening of 11 payment banks and 10 small finance
banks. The minimum capital required for these is 100 cr. Payment Bank can accecpt deposit
upto 1 lac. And have to keep SLR of 75%, they can not give Loans. The main object is to
provide remittance facilities, Small savings and also some Insurance and Mututal products.
The can not issue credit cards. India Post Payment Bank is also granted licence for Payment
Bank and will open upto March 2017.
While Small Finance Banks can take the deposits of any amount and grant the loans of any
amoun t subject to in the total loan 50 % loan should be less then25 lacs. Besides issueing
debit cards they can also issue credit cards. The first Small Finance Bank is Capital small
Finance Bank which head office is in Jalandhar.
57. What is present priority sector lending guidelines

1. All commercial banks have to grant 40% of their ANBC of preceding year to priority
sectors. Foreign banks have also to reach this level of 40% from present 32% by March
2020. Regional Rural banks and Rural Co-operative banks have to grant 75% of their total
loans to priority sectors .
The salient features of the guidelines are as under:-
Categories of the priority sectors: (i) Agriculture: 18% of total advaces The distinction
between direct and indirect agriculture is dispensed with. (ii) Small and Marginal Farmers: A
target of 8 percent of total credit
(ii) Micro, Small and Medium Enterprises ( 8% to micro by 2017)
(iii) Export Credit up to Rs.25 crore
(iv) Education up to Rs10 lakh
(v) Housing Rs20 lac in cities less than 10 lakh and up to Rs 28 lakh in cities more then 10
lac population
(vi) Social Infrastructure Rs5 cr

(vii) Renewable Energy Rs15 cr
(viii) Others Rs 1 lac to socially distressed persons , Rs50000 to SHG and Rs5000 overdraft
in PMJDY
58. NITI Aayog known as National institution for transforming India came into existence on
1 January 2015 with good bye to six decades old planning commission. Planning
Commission was established in 1950s to respond to development needs of India after
independence. It made resources available to state government to meet their development
needs and come up with five years plans for development.
Reasons why Planning Commission was replaced with Niti Aayog
Most of the criticism regarding planning commission was that it thrust its development
agenda on states without their active collaboration and not considering their social
economic uniqueness. One size fit for all solution was followed by planning commission.
Niti Aayog will be more like think tank advising central and state governments on
strategic and technical issues across the spectrum of key elements of policy where as in
planning commission there was no active participation of stakeholders.
Niti Aayog will have all the state chief ministers and Lt. Governors included in the
governing council where as in planning commission state chief ministers were not actively
involved. The mantra of Niti Aayog is inclusiveness with states as partners ,equality,
transparency ,pro people ,empowering which was not visible in planning commission.
Structure of Niti Aayog
Prime Minister as chairman
CEO: Amitabh Kant
Vice chairman: Arvind Pangariya
Full time members Bibek Debroy and VK Saraswat
Two part time members
Four union ministers as ex-officio members (Rajnath Singh, Arun Jaitley, Suresh Prabhu
and Radha Mohan Singh)
Website : gobsonline.in Follow on Facebook : www.facebook/BEWALSIR
59. National Housing Bank

National Housing Bank (NHB), a wholly owned subsidiary of Reserve Bank of India (RBI), was
set up on 9 July 1988 under the National Housing Bank Act, 1987. NHB is an apex financial
institution for housing. NHB has been established with an objective to operate as a principal
agency to promote housing finance institutions both at local and regional levels and to
provide financial and other support incidental to such institutions and for matters
connected therewith.
NHB registers, regulates and supervises Housing Finance Company (HFCs), keeps
surveillance through On-site & Off-site Mechanisms and co-ordinates with other
Regulators.
NHB has been established to achieve, inter-Alia, the following objectives

1. To promote a sound, healthy, viable and cost effective housing finance system to cater to
all segments of the population and to integrate the housing finance system with the overall
financial system.
2. To promote a network of dedicated housing finance institutions to adequately serve
various regions and different income groups.
3. To augment resources for the sector and channelise them for housing.
4. To make housing credit more affordable.
5. To regulate the activities of housing finance companies based on regulatory and
supervisory authority derived under the Act.
6. To encourage augmentation of supply of buildable land and also building materials for
housing and to upgrade the housing stock in the country.
7. To encourage public agencies to emerge as facilitators and suppliers of serviced land, for
housing.
60. Exim Bank (India)

Export-Import Bank of India is the premier export finance institution in India, established in
1982 under the Export-Import Bank of India Act 1981. Since its inception, Exim Bank of India
has been both a catalyst and a key player in the promotion of cross border trade and
investment. Commencing operations as a purveyor of export credit, like other Export Credit
Agencies in the world, Exim Bank of India has, over the period, evolved into an institution
that plays a major role in partnering Indian industries, particularly the Small and Medium
Enterprises, in their globalisation efforts, through a wide range of products and services
offered at all stages of the business cycle, starting from import of technology and export
product development to export production, export marketing, pre-shipment and post-
shipment and overseas investment. Export Services Group offers variety of advisory and
value-added information services aimed at investment promotion.
Exim Bank is managed by a Board of Directors, which has representatives from the
Government, Reserve Bank of India, Export Credit Guarantee Corporation of India, a
financial institution, public sector banks, and the business community.
61. IDBI Bank

IDBI Bank is an Indian government-owned financial service company, formerly known as
Industrial Development Bank of India, headquartered in Mumbai, India. It was established in
1964 by an Act of Parliament to provide credit and other financial facilities for the
development of the fledgling Indian industry. The merger of IDBI and IDBI bank took placed
in 2004.
It is currently 10th largest development bank in the world in terms of reach, with 3000
ATMs, 1746 branches, including one overseas branch at Dubai, and 1285 centers, including
two overseas centres at Singapore & Beijing. It is one of 27 commercial banks owned by the
Government of India.
62. RTGS: Real Time Gross Settlement

It is a centralized payment system, through which interbank payment instructions are
processed and settled on GROSS basis, In REAL TIME. It simply means that the transactions
are settled as they happen.
Minimum amount is Rs. 2 lac and there is no limit to maximum amount.
A service charge is charged by the banks for outwards transactions (making an RTGS)
and nil for inwards transactions (receiving an RTGS).
RTGS is used by banks to settle their inter-bank account transactions as well as
customers high value transactions.
It uses INFINET (Indian Financial Network) platform to operate. Its ISO certified service
no is 20022
63. NEFT: National Electronic Funds Transfer

It is a nation-wide funds transfer system which facilitates fund transfer from any banks
branch to any other banks branch.
The difference between NEFT and RTGS is that NEFT settlements happen in batches, and on
net settlement basis whereas RTGS is real time and gross settlement.
Net Settlement means, that transaction pertaining to a particular bank branches are kept
on hold and accumulated and then processed together in a batch with the net amount,
which would either be incoming or outgoing transfer.
There is no limit to minimum/maximum transaction value.
NEFT cannot be used for foreign remittances except Nepal up to Rs50000/-
64. AEPS: AADHAR Enabled Payment System

It is a payment system which uses Aadhar card number and an individuals online UIDAI
authentication, which are linked to a customers Bank account. A customer will have to
register his/her Aadhar number to their existing bank account, provided their bank is AEPS
enabled.
Through AEPS, customer can withdraw or deposit cash, make balance enquiry, and
transfer funds.
The maximum amount of transaction per account per day is Rs.50,000.
These transactions are normally conducted by Business Correspondents (BCs)service
centers.
65. MTSS: Money Transfer Service Scheme

It is a system of money transfer for transferring personal remittances from abroad to
beneficiaries in India.
Through this only inward remittances into India are permissible. No outward remittance
allowed.
A maximum of Rs.50,000 can be remitted inwards as per the money value. And a
maximum of 30 transactions per calendar year.
66. Clearing Corporation of India Ltd. (CCIL)

The Clearing Corporation of India Ltd. (CCIL) was set up in April, 2001.The Core Committee,
appointed at the behest of Reserve Bank of India for setting up CCIL, identified six core
promoters for CCIL-State Bank of India, IDBI Bank Ltd.(formerly Industrial Development
Bank of India), ICICI Bank Ltd, Life Insurance Corporation of India (LIC), Bank of Baroda and
HDFC Bank Ltd. The Company was incorporated with the authorized Equity Share Capital of
Rs. 50 Crore to provide guaranteed clearing and settlement functions for transactions in
Money, G-Secs, Foreign Exchange and Derivative markets. The introduction of guaranteed
clearing and settlement led to significant improvement in the market efficiency,
transparency, liquidity and risk management/measurement practices in these market along
with added benefits like reduced settlement and operational risk, savings on settlement
costs, etc. CCIL also provides non-guaranteed settlement for Rupee interest rate derivatives
and cross currency transactions through the CLS Bank. CCILs adherence to the stringent
principles governing its operations as a Financial Market Infrastructure has resulted in its
recognition as a Qualified Central Counterparty (QCCP) by the Reserve Bank of India in
2014. It has also set up a Trade Repository to enable financial institutions to report their
transactions in OTC derivatives.
67. Discount and Finance House of India Ltd.

Discount and Finance House of India Ltd. (DFHI). a unique institution of its kind, was set up
in April 1988. The share capital of DFHI is Rs. 200 crores, which has been subscribed by
Reserve Bank of India (10.5%), Public sector banks (62%) and Financial Institutions (26.6%).
The Discount House has been established to deal in money market instruments in order to
provide liquidity in the money market. Thus the task assigned to DFHI is to develop a
secondary market in the existing money market instruments.
The establishment of a Discount House was recommended by a Working Group on Money
Market with Shri N. Vaghul, as Chairman set up by Reserve Bank of India. The main
objective of DFHI is to facilitate the smoothening of the 'money market.
(i) dealing in 91 days and 364 days Treasury Bills, (ii) rediscounting short term commercial
bills,
(iii) participating in the inter-bank call money, notice money and term deposits, and
(iv) dealing in Commercial Paper and Certificates of Deposits.
(v) Government dated Securities.
(i) Treasury Bills: Treasury Bills are issued by Reserve Bank of India on behalf of the
Government of India. Such bills are sold at fortnightly auctions. The Discount House
regularly participates in such auctions. Moreover, it provides a ready. market to other
institutions/individuals to buy or sell the Treasury Bills. It purchases the same either as
outright purchase or on repos/ basis. Reposemeans with the right to re-purchase the same
bills again. For this purpose 'the DFHI quotes two-way prices with fine spread. Such
operation in Treasury Bills imparts greater flexibility to banks in their funds management.
Moreover, with the creation of a secondary market for Treasury Bills, corporate bodies and
other institutions could also invest their short term surplus funds in such bills.
(ii) Re-discounting oj Commercial BU/s: The Discount House aims at imparting liquidity
to ,commercial bills which have already been discounted by banks and financial institutions.
It further re-discounts them and also enables banks arid other institutions to re-discount
from it such bills. For this purpose DFHI announces its bid and offers re-discount rates on
a fortnightly basis.
(iii) Call Money Market and Term Deposit: DFHI has been permitted by the Reserve Bank
of India to operate in the inter-bank call money market, both as lender and borrower of
overnight call and no'tice money up to 14 days. DFHI also renders services to banks in the
call money market by arranging or placing Funds for banks.
The DFHI is authorised to augment its resources with lines of credit from public sector
banks and refinance lines from the Reserve Bank. The amount and the rate of interest
charged by Reserve Bank on refinance would be flexible, so that Reserve Bank can i have its
impact on the money market by varying the quantum of refinance and the rate of interest
thereon.
68. What is Lead Bank Scheme?

LBS was introduced in 1969, based on the recommendations of the Gadgil Study Group.
The Gadgil group has recommended Area Approach for the development of financial
structure through intensive efforts.
To transform the Gadgils groups recommendation into reality, RBI set up a committee
under F.S.Nariman, to fine tune the details.
This bankers committee, headed by F. S. Nariman, concluded that districts would be the
units for area approach and each district could be allotted to a particular bank which will
perform the role of a Lead Bank.
As a consortium leader, the Lead Bank would
1. co-ordinate with government office s, banks and other stakeholders,
2. undertake planning and formulation of Annual District Credit Plans through Block and
District Consultative Committees and
3. help in synergizing all efforts to fulfill Plan priorities and district-specific requirements.
The LBS has been able to achieve great success in the rural areas, and also it has aided in
building up a cadre of Bank Officers devoted to Rural Banking.
A central component of LBS is the SLBCs (State Level Bankers Committee) Meetings. These
SLBC Meetings are a great tool for networking and driving the Annual District Credit Plan.
1. State Chief Ministers may be encouraged to attend at least one SLBC meeting in a year.
2. SLBCs have been requested to arrange workshops for district administration on the
recommendations of High Level Committee to review Lead Bank Scheme, in the right
locations with appropriate content in order to make it interesting and relevant for District
Magistrates and other stakeholders
International Organizations and their Headquarters and Heads

International Organization Headquarters Heads
Food and Agriculture Organization Jos Graziano da Silva (Director-
Rome, Italy
(FAO) General)
International Atomic Energy
Vienna, Austria Yukiya Amano (Director-General)
Agency (IAEA)
International Civil Aviation Raymond Benjamin (Secretary-
Quebec, Canada
Organization (ICAO) General)
International Labour Organization
Geneva, Switzerland Guy Ryder (Director-General)
(ILO)
United Nations (UN) New York City, USA Ban Ki Moon (Secretary-General)
United Nations Children's Fund Anthony Lake (Executive
New York City, USA
(UNICEF) Director)
United Nations Educational,
Scientific and Paris, France Irina Bokova (Director-General)
Cultural Organization (UNESCO)
United Nations Industrial
Kandeh Yumkella (Director-
Development Vienna, Austria
General)
Organization (UNIDO)
Josette Sheeran (Executive
World Food Programme (WFP) Rome, Italy
Director)
World Health Organization (WHO) Geneva, Switzerland Margaret Chan (Director-General)
World Meteorological Organization Michel Jarraud (Secretary-
Geneva, Switzerland
(WMO) General)
World Tourism Organization
Madrid, Spain Taleb Rifai (Secretary-General)
(UNWTO)
Political and Economic Organizations
Asia-Pacific Economic Cooperation Muhamad Noor (Executive
Singapore
(APEC) Director)
Association of Southeast Asian Surin Pitsuwan (Secretary-
Jakarta, Indonesia
Nations (ASEAN) Generalm)
London, United
Commonwealth of Nations Queen Elizabeth II (Head)
Kingdom
Thorbjrn Jagland (Secretary
Council of Europe Strasbourg
General)
Richard Sezibera (Secretary-
East African Community Arusha
General)
Economic Community of West John Dramani Mahama
Abuja, Nigeria
African States (Chairman)
Abdullatif bin Rashid Al Zayani
Gulf Cooperation Council Riyadh, Saudi Arabia
(Secretary-General)
Copenhagen, Jan-Erik Enestam (Secretary-
Nordic Council
Denmark General)
Anders Fogh Rasmussen

North Atlantic Treaty Organisation Brussels, Belgium
(Secretary-General)
Jos Miguel Insulza (Secretary-
Organization of American States Washington, D.C.
General)
Shanghai Cooperation Bolat Nurgaliyev (Secretary-
Beijing, China
Organisation (SCO) General)
South Asian Association for Ahmed Saleem (Secretary-
Kathmandu, Nepal
Regional Cooperation General)
Southern Cone Common Market Agustn Colombo Sierra (Director
Montevideo
(Mercosur) of the Executive Secretariat)
Southern African Development Tomaz Salomo (Executive
Gaborone, Botswana
Community Secretary)
Unrepresented Nations and
The Hague, Ngawang Choephel (Secretary-
Peoples
Netherlands General)
Organization (UNPO)
Roberto Azevedo (Director-
World Trade Organization (WTO) Geneva, Switzerland
General)
Financial Organizations
African Development Bank Abidjan, Ivory Coast Donald Kaberuka (President)
Metro Manila,
Asian Development Bank Takehiko Nakao (President)
Philippines
Inter-American Development Bank Washington, D.C.
Luis Alberto Moreno (President)
(IADB) United States
Washington, D.C., Christine Lagarde (Managing
International Monetary Fund
United States Director)
Islamic Development Bank (IDB) Jeddah, Saudi Arabia Ahmad Mohamed Ali (President)
Washington D.C.,
World Bank Jim Yong Kim (President)
United States
Sports Organizations
Confdration africaine de football Kuala Lumpur,
Issa Hayatou (President)
(CAF) Malaysia
Confederation of North, Central
American and Alfredo Hawit, Honduras
Miami, Florida, U.S.
Caribbean Association Football (President)
(CONCACAF)
Confederacin Sudamericana de
Luque, Paraguay Nicolas Leoz (President)
Ftbol (CONMEBOL)
Fdration Internationale des
Athens, Greece Kirsan Ilyumzhinov (President)
checs (FIDE)
Fdration Internationale de
Zrich, Switzerland Gianni Infantino (President)
Football Association (FIFA)
International Cricket Council (ICC) Dubai, United Arab N. Srinivasan (President)
International Olympic Committee Lausanne,
Thomas Bach (President)
(IOC) Switzerland
International Paralympic
Bonn, Germany Philip Craven (President)
Committee (IPC)
International Rugby Board (IRB) Dublin, Ireland Bernard Lapasset (President)
Oceania Football Confederation Auckland, New

David Chung (President)
(OFC) Zealand
Union of European Football
Nyon, Switzerland Michel Platini (President)
Associations (UEFA)
Other Organizations
Patricia Yoon-Moi Chia
Colombo Plan Colombo, Sri Lanka
(Secretary-General)
Community of Portuguese Murade Isaac Miguigy Murargy
Lisbon, Portugal
Language Countries (CPLP) (Executive Secretary)
EDU - Intergovernmental G. Irving Levance (Secretary-
Organization (EDU) General)
La Francophonie Paris, France Abdou Diouf (Secretary-General)
Intergovernmental Authority on Mahboub Maalim (Executive
Djibouti City
Development (IGAD) Secretary)
International Committee of the Red Peter Maurer, Switzerland
Switzerland, England
Cross (President)
International Criminal Police Ronald Noble (Secretary-
Lyon, France
Organization (Interpol) General)
International Federation of Red
Cross and Geneva, Switzerland Tadateru Kono (President)
Red Crescent Societies
London, United Koji Sekimizu (Secretary-
International Maritime Organization
Kingdom General)
International Organization for William Lacy Swing (Director-
Geneva, Switzerland
Migration (IOM) general)
International Telecommunication Hamadoun Tour (Secretary-
Geneva, Switzerland
Union General)
Organisation for the Prohibition of
The Hague, Ahmet zmc (Director-
Chemical
Netherlands General)
Weapons (OPCW)
Organization of Petroleum Mohammed S. Barkindo
Vienna, Austria
Exporting Countries (OPEC) (Secretary-General)
douard Dayan (Director-
Universal Postal Union Bern, Switzerland
General)
World Intellectual Property
Geneva, Switzerland Francis Gurry (Director-General)
Organization (WIPO)
VARIOUS YEARLY REPORTSISSUED BY INTERNATIONAL ORGANISATIONS

WORLD DEVELOPMENT REPORT- IBRD(ALSO KNOWN AS WORLD BANK)
THE ENERGY REPORT&AMP;LIKVING PLANET REPORT-- -- WWF
CARBON EMISSION INDEX-- -- UNFCC(HQ-GERMANY)
EASE OF DOING BUSINESS-- -IBRD
WORLD ECONOMIC OUTLOOK-- -IMF
WORLD INVESTMENT REPORT-- -UNCAD
HUMAN DEVELOPMENT INDEX-- -UNDP
GENDER INEQUALITY INDEX-- -UNDP
MILLENIUM DEVELOPMENT GOALS-- -UNO

GLOBAL COMPETITVE INDEX-- -WEF
TRAVEL &AMP; TOURISM INDEX-- -- WEF
NVIRONMENTAL PERFORMANCE INDEX-- -WEF
GLOBAL INFO INDEX-- -WEF
GLOBAL FINANCIAL SYSTEM REPORT-- -BIS
GLOBAL INNOVATIVE INDEX-- -- INSEAD(B-SCHOOL)
INTELLECTUAL PROPERTY RIGHTS-- -WTO
GLOBAL TERRORISM REPORT-- -IEP
GLOBAL PEACE INDEX-- -IEP(INSTITUTE FOR ECONOMIC AND PEACE)
GLOBAL MONEY LAUNDERING REPORT-- -FATF(FINANCIAL ACTION TASK FORCE)
TREND AND PROGRASS REPORT --- RBI(RESERVE BANK OF INDIA)
List of Important Summits of the World

G-20 Summits (1999)
The Group of Twenty Finance Ministers and Central Bank Governors is a group of finance
ministers and central bank governors from 20 major economies: 19 countries plus the
European Union, which is represented by the President of the European Council and by the
European Central Bank. Chairperson- Tony Abott, Total Countries- 20 Countries= BRICS +
G7 + Argentina, Australia, Indonesia, Mexico, South Korea, Saudi Arabia, Turkey
9th G 20 Meeting 2014 Brisbane, Australia
10th G 20 Meeting 2015 Antalya, Turkey
11th G 20 Meeting 2016 Hangzhou, China
12th G 20 Meeting 2017 Germany
13th G 20 Meeting 2018 India
BRICS Summits (2008)

Countries (5)- Brazil, Russia, India, China and South Africa
6th BRICS Summit 2014 Fortaleza, Brazil
7th BRICS Summit 2015 UFA, Russia
8th BRICS Summit 2016 KHUJRAO (MP) shifted from GOA
G-7 Annual Summits (Earlier it was G8, Now Russia suspended Temporarily) (1975)
Group of Seven Countries France, Germany, Italy, Japan, United Kingdom, United States of
America, Canada.
40th G8 Summit 2014 Brussels, Belgium
41st G8 Summit 2015 Schloss Elmau, Germany
42nd G8 Summit 2016 Shima, Japan
43rd G8 Summit 2017 Italy
44th G8 Summit 2018 Canada
45th G8 Summit 2019 France
SAARC Summits (South Asian Association for Regional Cooperation) (1985)

HQ- Nepal , Secretary General- Arjun Bahadur Thapa and Indian Representative at SAARC-
Lakshmi Savithri Countries (8)- Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal,
Pakistan, Sri Lanka
Theme of 18th SAARC Summit Deeper Integration for Peace, Progress and Prosperity
18th SAARC Summit 2014 Kathmandu, Nepal
19th SAARC Summit 2016 Islamabad, Pakistan
ASEAN Summits (Association of South East Asian Nation)
HQ- Jakarta, Indonesia , Total Countries- 10 and Secretary General- Le Luong Minh
(Vietnam)
INDIA IS NOT IN ASEAN COUNTRIES.
24th ASEAN Summit 2014 (May) Nay Pyi Taw, Myanmar
25th ASEAN Summit 2014 (November) Nay Pyi Taw, Myanmar
26th ASEAN Summit 2015 (April) Langkawi, Malaysia
27th ASEAN Summit 2015 (November) Manila, Philippines
East Asia Summit (EAS)
EAS meetings are held after annual ASEAN leaders meetings.
9th East Asia Summit 2014 Nay Pyi Taw, Myanmar
10th East Asia Summit 2015 Kuala Lumpur, Malaysia
11th East Asia Summit 2016 Vientiane, Laos
IBSA Summits (2003)
IBSA Dialogue Forum India, Brazil, South Africa.
7th IBSA Summit 2015 New Delhi, India
BIMSTEC Summits (Bay of Bengal Initiative for Multisectoral Technical and Economic
Cooperation(1997)
Total Countries (7)- Bangladesh, India, Myanmar, Nepal, Srilanka, Thailand, Bhutan.
Chairmanship- Nepal
3rd BIMSTEC Summit 2014 Nay Pyi Taw, Myanmar
4th BIMSTEC Summit 2015 Nepal
APEC Summits (Asia Pacific Economic Cooperation) (1989)
Total Countries- 21 , HQ- Singapore and Executive Director- Alan Bolard
INDIA IS NOT IN APEC COUNTRIES.
26th APEC Summit 2014 Beijing, China
27th APEC Summit 2015 Philippines, Manila
28th APEC Summit 2016 Peru, Lima
29th APEC Summit 2017 Vietnam, Hanoi
Nuclear Security Summit (NSS) (2010)
Total Countries participated in the 2nd NSS 2012 summit was 53 countries.
3rd NSS 2014 Hague, Netherlands
4th NSS 2016 Washington, USA
NATO Summit (North Atlantic Treaty Organization) (1949)
Total Countries- 28 , HQ- Belgium and Secretary General- Jenus Stoltenberg (newly elected from
Norway)
INDIA IS NOT IN NATO SUMMIT COUNTRIES.
NATO 2014- Cardiff, UK
NATO 2016- Warsaw, Poland
OTHER SUMMITS:-
1. 16th International OPEC Summit, 2015 Paris, France
2. 48th ADB Meeting, 2015 Baku, Azerbaijan
3. United Nations Climate Change Meeting, 2015 Paris, France
4. 9th WTO Ministerial Conference, 2013 Bali, Indonesia (10th WTO Ministerial Conference, 2014
Venue not yet decided)
5. 18th BASIC Ministerial Meeting, 2014 New Delhi, India (Basic- Brazil, South Africa, India, China)
6. 6th International Nuclear Energy Forum ATOMEXPO 2014 Moscow, Russia
7. World Economic forum 2014 Abuja, Nigeria (Sunil Bharti Mittal was the CO-Chairperson this
year)
8. Internet Governance Forum 2014 Istanbul, Turkey
9. NAM (Non Aligned Movement) Summit 2015 Venezuela.
10. 83rd Interpol General Assembly Monaco
GOBS, 9828165558, 9828013714, 7340063714, 5113714
List of Public Sector Bank CMDs / Heads

State Bank of India and Its Associates
Name of the Bank - Name of the CMD
State Bank of India - Smt. Arundhati Bhattacharya
State Bank of Bikaner & Jaipur Jyoti Ghosh
State Bank of Hyderabad Santanu Mukherjee
State Bank of Mysore Sharad sharma
State Bank of Travancore - Jeevandas Narayan
State Bank of Patiala S.A. Ramesh Rangan
Other Public Sector Banks
Name of the Bank - Name of the CMD
Allahabad Bank - Rakesh Sethi
Andhra Bank Suresh N Patel
Bank of Baroda Shri Ravi Venkatesan non exe. Chairman
P.S.Jayakumar MD & CEO
Bank of India - Shri G. Padmanabhan ( Non-Executive Chairman )
Shri Melwyn Rego M.D. & CEO
Bank of Maharashtra - Sushil Muhnot
Bharatiya Mahila Bank S. M.Swathi offg
Canara Bank - Shri. T.N. Manoharan, CMD. Rakesh Sharma MD
Central Bank of India - Rajeev Rishi
Corporation Bank - Shri Jai Kumar Garg
Dena Bank - Ashwini Kumar
IDBI Bank - Kishore Kharat
IndianBank - T.C.Venkat Subramanian
Non Executive Chairman Mahesh kumar jain offig

Indian Overseas Bank - R. Koteeswaran, MD & CEO
Oriental Bank of Commerce - Animesh Chauhan, MD & CEO
Punjab & Sindh Bank - Jatinder Bir Singh
Punjab National Bank Mrs Usha Annatha Subramaniham Mr Gauri Shanker
SyndicateBank - Arun Shrivastava Managing Director & CEO
UCO Bank Mr. Jai Kumar Garg, Executive Director
Union Bank of India - Arun Tiwari
United Bank of India -P. Srinivas, MD & CEO
Vijaya Bank - Kishor Kumar Sansi, MD & CEO
BANK NAME, HEAD OFFICE, FOUNDING YEAR, TAG LINE

Name of Bank Head Office Founding YEAR TAG LINES
1 Allahabad Bank Kolkata 1865 A tradition of trust
2 Andhra Bank Hyderabad 20 Nov. 1923 Much more to do. With YOU in focus
3 Bank of Baroda Baroda 20 July 1908 Indias International Bank
4 Bank of India Mumbai 7 Sept.1906 Relationships beyond Banking
5 Bank of Maharashtra Pune 16 sept. 1935 One Family One Bank
6 Canara Bank Bangalore 1910 Its easy to change for those who you love,
Together we Can
7 Central Bank of India Mumbai 21 Dec.1911 Build A Better Life Around Us,
Central to you since 1911
8 Corporation Bank Mangalore 12 March 1906 Prosperity for all
9 Dena Bank Mumbai 26 May 1938 Trusted Family Bank
10 Indian Bank Chennai 5 MarcH 1907 Taking Banking Technology to Common
Man, Your Tech- friendly bank
11 Indian Overseas Bank Chennai 10 Feb.1937 Good people to grow with
12 Oriental Bank of Commerce Gurgaon ,Haryana 19 Feb.1943 Where every individual is committed
13 Punjab National Bank New Delhi 1895 The Name you can Bank Upon
14 Punjab & Sind Bank New Delhi 24th June 1908 Where series is a way of life
15 Syndicate Bank Manipal, Karnataka 1925 Your Faithful And Friendly Financial Partner
16 Union Bank of India Mumbai 1919 Good people to bank with
17 United Bank of India Kolkata 1950 The Bank that begins with U
18 UCO Bank Kolkata 1943 Honors Your Trust
19 Vijaya Bank Bangalore 1931 A friend You can Bank Upon
20 IDBI Bank Ltd Mumbai 1964 Banking for all; Aao Schein Bada
21 Bharatiya Mahila Bank New Delhi 19th Nov. 2013Empowering women, Empowering India
State Bank Group
1 State Bank of India Mumbai 1st July 1956 The Nation banks on us;
Pure Banking Nothing Else;
With you all the way
2 State Bank of Bikaner & Jaipur Rajasthan 1963
3 State Bank of Patiala Punjab 1917 Blending Modernity with Tradition
4 State Bank of Hyderabad Hyderabad 1941 You can always bank on us
5 State Bank of Mysore Bangalore 1913 Working for a better tomorrow
6 State Bank of Travancore Thiruvananthapuram 1945 A Long Tradition of Trust
SOME APPS AND SCHEMES

Smart vault...ICICI Project Tatkal - SBI
Saral rural banking...ICICI (Home lone in 10 days)
Pocket - ICICI Danchayat...HDFC
Branch on Wheel ICICI Bank (Odisha) Payzapp - HDFC
Money2World - - ICICI Chillar Hdfc Bank
Emi on Debit Card ICICI Click to retire scheme - - HDFC
M-Pesa ICICI+ VODAFONE Speed Pay - ANDHRA BANK
I-Mobile app for windows phone ICICI Ping Pay - - AXIS BANK
Student Travel Card ICICI IndPay - INDIAN BANK
Tap and pay ICICI E-Wallet IRCTC
Buddy...SBI M-Wallet - CANARA
Youth for India-SBI Kotak Bharat - KOTAK MAHINDRA
Tab Banking Facility-SBI KayPay KOTAK MAHINDRA
Twitter Handle account SBI (funds transfer with Facebook)
Boutique Financing Scheme SBI Instant Money Transfer (IMT) BANK OF
eforex SBI INDIA
E-KYC SBI Kisan card AXIS BANK
contact less card INTUCH - SBI Airtel money AXIS BANK + AIRTEL
Smart hamsafar...SBI Asha Home loan AXIS BAN
Electronic huts facility - IDBI Bank
PUNCHLINES OF TOURISM DEPARTMENT OF INDIAN STATES INDIAN STATES

TOURISM SLOGANS
Indian Tourism Atithi Devo Bhava Himachal Pradesh Unforgettable
Andhra Pradesh The Essence Himachal
of Incredible India Jammu and Kashmir Chalo Kashmir
Arunachal Pradesh The Land of Dawnlit Jharkhand A New Experience
Mountains Karnataka One State. Many Worlds.
Assam Kerala Gods Own Country
Bihar Blissful Bihar Lakshadweep 99% fun and 1% land
Chandigarh Madhya Pradesh The Heart
Chattisgarh Full of Surprises of Incredible India
Dadra and Nagar Haveli The Land of Maharashtra Unlimited
Natural Beauty Manipur Jewel of India
Daman and Diu Meghalaya Half Way To Haaven
National Capital Territory of Delhi Mizoram
Goa A Perfect Holiday Destination Nagaland Land of Festivals
Gujarat Vibrant Gujarat Orissa The Soul of Incredible India
Haryana A Pioneer in Highway Tourism Puducherry Give Time a Break
Punjab India Begins Here
Rajasthan The Incredible State of India Uttar Pradesh Amazing Heritage

Sikkim Small But Beautiful Grand Experiences
Tamil Nadu Enchanting Tamil Nadu Uttarakhand Exploring Uttarakhand
Tripura Visit Agartala West Bengal Beautiful Bengal
New Delhi
COUNCIL OF MINISTERS
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8. : HRD
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14. : women and child development)
15. : , (chemical, fertilizerand
16. : , (LAW IT
17. : (Health family
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19. : (Heavy industry)
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21. : , , -(rural Dev)
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www.gobsonline.in
Chief Ministers and Governors of Indian States and Territories with
Capitals
STATE / UT CAPITAL CHIEF MINISTER GOVERNOR
Andaman and Nicobar Port Blair A. K. Singh (Lieutenant Gov.)
Andhra Pradesh Hyderabad N. Chandrababu Naidu E. S. L. Narasimhan
Arunachal Pradesh Itanagar ______________________ Jyoti Prasad Rajkhowa
Assam Dispur Sarvanand Sonwal Padmanabha Acharya
Bihar Patna Nitish Kumar Ram Nath Kovind
Chandigarh Chandigarh Kaptan Singh Solanki
Chhattisgarh Raipur Raman Singh Balram Das Tandon
Dadra and Nagar Haveli Silvassa Ashish Kundra (Administrator)
Daman and Diu Daman Ashish Kundra (Administrator)
Delhi Arvind Kejriwal Najeeb Jung
Goa Panaji Laxmikant Parsekar Mridula Sinha
Gujarat Gandhinagar Anandiben Patel Om Prakash Kohli
Haryana Chandigarh Manohar lal Khattar Kaptan Singh Solanki
Himachal Pradesh Shimla Virbhadra singh Acharya Dev Vrat

Jammu and Kashmir Srinagar (Summer), Mehbooba Mufti Narinder Nath Vohra
Jammu (Winter)
Jharkhand Ranchi Raghuvar Das Draupadi Murmu
Karnataka Bengaluru Siddaramaiah Vajubhai Rudabhai Vala
Kerala Thiruvananthapuram Pinrai Vijayan P. Sathasivam
Lakshadweep Kavaratti H. Rajesh Prasad (administrator)
Madhya Pradesh Bhopal Shivraj Singh Chauhan Ram Naresh Yadav
Maharashtra Mumbai Devendra Fadanvis C vidhya sagar Rao
Manipur Imphal Okram Iboby Singh V Shanmuganathan
Meghalaya Shillong Mukul A. Sangma V Shanmuganathan
Mizoram Aizawl Lal Thanhawla Nirbhay Sharma
Nagaland Kohima Neiphiu Rio Padmanabha Acharya
Odisha Bhubaneshwar Naveen Patnaik C. Jamir
Pondichery pondichery V. Narayanasamy Kiran Bedi
punjab Chandigarh Prakash Singh Badal Kaptan Sigh Solanki
Rajasthan Jaipur Vasundhara Raje Kalyan Singh
Sikkim Gangtok Pawan Kumar Chamling Shriniwas Dadasaheb Patil
Tamil Nadu Chennai Jayalalithaa Konijeti Rosaiah
Telangana Hyderabad K. Chandrashekra Rao E. S. L. Narasimhan
Tripura Agartala Manik Sarkar Tathagata Roy
Uttar Pradesh Lucknow Akhilesh Yadav Ram Naik
Uttarakhand Dehradun Harish Rawat Krishna kant Paul
West Bengal Kolkata Mamata Banerjee Keshari Nath Tripathi
GOBS, 9828165558, 9828013714, 7340063714, 5113714
List of office-holders in India

Constitutional offices
Office Name Since
President of India Pranab Mukherjee 25 July 2012
Vice President of India / Mohammad Hamid Ansari 11 August 2007
Chairman of the Rajya Sabha
Chief Justice of India T S Thakur 3December 2015(43)
Political offices
Office Name Since
Prime Minister of India Narendra Damodardas Modi 26 May 2014
Speaker of the Lok Sabha Sumitra Mahajan 6 June 2014
Political official
Heads of govt apex wing
No Office Name
1 Chief Election Commissioner of India Nasim Zaidi
2 Chairperson, National Human Rights Commission Justice H.L. Dattu
3 Chief Commissioner, Central Information Commission R.K. Mathur
4 Chairman, National Commission for Minorities Naseem Ahmad
5 Chairman, National Commission for SC P. L. Punia
6 Chairman, National Commission for ST Rameshwar Oraon
7 Chairperson, National Commission for Women Lalitha Kumaramangalam

8 Chairman, Atomic Energy Commission Sekhar Basu
9 Chairman, ISRO A S Kiran Kumar
10 Chairman, Union Public Service Commission Deepak Gupta
11 Chairman, National Knowledge Commission Sam Pitroda
12 Chairman, University Grants Commission Ved Prakash
13 Chairman, Central Water Commission of India Ashwin B. Pandya
14 Space Applications Center, Administrator(Director) Tapan Misra
Heads of financial bodies
Office Name Since
Chairman, 14th Finance Commission of India Y.Venugopal Reddy 3 January 2013
Governor of Reserve Bank of India Raghuram Rajan 4 September 2013
Chairman, SEBI Upendra Kumar Sinha 18 February 2011
Chairman, IRDAI T. S. Vijayan 23 February 2013
Chairman, 7th Pay Commission Ashok Kumar Mathur 4 February 2014
Chairman, SIDBI Kshatrapati Shivaji February 2015
Chairman Exim Bank Yaduvendra Mathur 2011
Chairman NHB Sriram Kalyanaraman. Jul 8, 2015
Chairman IFCI Shri Malay Mukherjee
Chair man PFRDA Hemant G Contracror
Bureaucrats
No Office Name
1 Cabinet Secretary of India Pradeep Kumar Sinha
2 National Security Adviser Ajit Kumar Doval
3 Secretary-General of the Rajya Sabha Shumsher K. Sheriff
4 Secretary-General of the Lok Sabha Anoop Mishra
5 Attorney General of India Mukul Rohatgi
6 Comptroller and Auditor General of India Shashi Kant Sharma
7 Solicitor General of India Ranjit Kumar
8 Principal Scientific Adviser R. Chidambaram
9 Permanent Representative of India to UNO Syed Akbaruddin
10 Chairman, Railway Board AK Mittal
11 Foreign Secretary Subrahmanyam Jaishankar
12 Union Home Secretary Rajiv Mehrishi
13 Finance Secretary Ashok Lavasa
14. Defence Secretary G.Mohan Kumar
Defence and security
No Office Name
1 Chief of Army Staff General Dalbir Singh Suhag
2 Chief of Air Staff Air Chief Marshal Arup Raha
3 Chief of Naval Staff Admiral Sunil Lamba
4 Chief of Integrated Defence Staff Air Marshal PP Reddy
5 Director General, Border Security Force K.K. Sharma

6 Director General, Central Reserve Police Force K. Durga Prasad
7 Director General, Central Industrial Security Force Surender Singh
8 Director-General of Military Intelligence Lt. Gen K G Krishna
9 Director, Central Bureau of Investigation Anil Kumar Sinha
10 Director, Intelligence Bureau Dineshwar Sharma
11 Director General, National Investigation Agency Sharad Kumar
12 Secretary (Research) RAW Rajinder Khanna
13 Member (Investigation CBDT) Atulesh Jindal
14 Director General of ITBP Krishna Chaudhary
15 Director General of National Security Guard R C Tayal
16. Sashastra Seema Bal Archana Ramasundram
17. Chairman Cetral Board of Exise and customs Najib Shah
18. National statistic commission Mr Radha Binod Barman
19. Registrar General and Cencus commissioner Shailesh
List of Counties and their Currency

Countries Capitals Currencies France, Paris, Helsinki Euro
Finland
Australia Canberra Australian Dollar
Fiji Suva Fijian Dollar
Afghanistan Kabul Afghani
Germany, Berlin, Athens Euro
Algeria Algiers Dinar
Greece
Argentina Buenos Aires Peso
Ghana Accra Ghana Cedi
Austria Vienna Euro
Guernsey Saint Peter Port Guernsey Pound
Bangladesh Dhaka Taka
Gambia Banjul Gambian dalasi
Belgium City of Brussels Euro
India New Delhi Indian Rupee
Brazil Brasilia Real
Indonesia Jakarta Indonesian
Canada Ottawa Canadian Dollar Rupiah
China Beijing Yuan(Renmibi) Iran Tehran Rial
Cuba Havana Cuban Peso Iraq Baghdad Iraqi Diner
Cambodia Phnom Penh Cambodian Riel Ireland, Italy Dublin, Rome Euro
Cyprus Nicosia Euro Israel Jerusalem Israeli new
Denmark Copenhagen Krone shekel
Egypt Cairo Egyptian Pound Iceland Reykjavik Icelandic Krona
Ethiopia Addis Ababa Ethiopian Birr Japan Tokyo Japanese Yen
Estonia Tallinn Kroon Jamaica Kingston Jamaican Dollar
Ecuador Quito United States Jordan Amman Jordanian dinar

Dollar Kenya Nairobi Kenyan Shilling
Kuwait Kuwait City Kuwaiti Dinar Switzerland Bern Swiss Franc
Korea Seoul South Korean Sri Lanka Sri Sri Lankan
Won Jayewardenepura Rupee
Kotte
Malaysia Kuala Lumpur Malaysian
Ringgit Spain Madrid Euro
Mexico Mexico City Mexican Peso Thailand Bangkok Thai baht
Malta Valletta Maltese lira Taiwan Taipei New Taiwan
Dollar
Nigeria Abuja Nigerian Naira
Turkey Ankara Turkish Lira
Netherlands Amsterdam Euro
United London Pound
Norway Oslo Norwegian
Kingdom
Krone
United Washington, D.C. United States
New Wellington New Zealand
States Dollar
Zealand Dollar
Uruguay Montevideo Uruguayan
Nepal Kathmandu Nepalese Rupee
Dollar
Namibia Windhoek Namibian Dollar
Venezuela Caracas Venezuelan
Pakistan Islamabad Pakistani Rupee Bolivar
Peru Lima Peruvian Nuevo Yugoslavia Belgrade Yugoslav Dinar
Sol
Zimbabwe Harare Zimbabwean
Portugal Lisbon Euro dollar
Russia Moscow Russian Ruble Zambia Lusaka Zambian
Romania Bucharest Romanian Leu Kwacha
Sweden Stockholm Swedish Krona NAURU YAREN AUD

Feb 13 Sarojini Naidu's Birth Anniversary
IMPORTANT DAYS Feb 14 St. Valentine's Day
Jan 1 Army Medical Corps Establishment Day Feb 24 Central Exise Day
Jan 8 African National Congress Foundation Day Feb 28 National Science Day
Jan 10 World Laughter Day Mar 3 National Defence Day
Jan 9 Pravasi Bharatiya Divas Mar 4 National Security Day
Jan 11 Death anniversary of Lal Bahadur Shastri Mar 8 International Women's Day
Jan 12 National youth Day (Birth Day of Swami Mar 9 CISF Raising Day
Vivekanand) Mar 12 Mauritius Day;Central Industrial Security
Jan 15 Army Day Force Day
Jan 23 Netaji Subhash Chandra Bose's birth Mar 15 World Consumer Day
anniversary Mar 16 National Vaccination Day
Jan 25 International Customs Duty Day, India Mar 21 World Forestry Day
Tourism Day, Indian Voter Day Mar 22 World Day of Water
Jan 26 Republic Day Mar 23 World Meterological Day
Jan 28 Birth anniversary of Lala Lajpat Rai Mar 24 World TB Day
Jan 30 (Martyr's day) Mahatma Gandhi's Mar 26 Bangaladesh Liberation Day
Martyrdom Day;World Leprosy Eradication Apr 1 Orissa Day
Day Apr 5 Natinal Meritime Day
Jan 31 World Leprosy Eradication Day Apr 7 World Health Day
Feb 2 World Wetlands Day Apr 13 Jallianwallah Bagh Massacre Day (1919)
Feb 4 National Day of Srilanka Apr 14 B.R. Ambedkar Remembrance Day
Feb 5 Kashmir Day (Organised by Pakistan) Apr 18 World Heritage Day
Apr 19 Insurance Day Sept 16 World Ozone Day
Apr 22 World Earth Day Sept 21 International Day of Peace, World
Apr 23 World Books Day Alzheimer's day
May 1 International Labour Day, Maharashtra Day Sept 25 Social Justice Day
May 3 International Energy Day Sept 27 World Tourism Day
May 8 International Red Cross Day (It is celebraed Oct 1 International Day for the Elderly(UN)
to commemorate the birth anniversary of Oct 2 Gandhi Jayanti, International Day of Non-
the founder of the Red Cross Organization Violence
Jean Henry Dunant) Oct 3 World Nature Day, World Habitat Day
May 11 National Technology Day Oct 4 World Animal Day
May 15 International Family Day Oct 5 World Teacher's Day
May 17 World Telecom Day Oct 6 World Wildlife Day, World Food Security
May 24 Commonwealth Day Day
May 31 World No Tobacco Day Oct 8 Indian Airforce day
Jun 5 World Environment Day Oct 9 World Postal Day
Jun 8 World Oceans day Oct 10 World Mental Health day; National Post
Jun 12 World Day Against Child Labour Day
Jun 14 World Blood Donor day Oct 11 International Girl Child Day
Jun 15 World Elder Abuse Awarness Day Oct 12 World Sight day
Jun 17 World Day to Combat Desertification Oct 13 World Calamty Control Day(UN)
Jun 20 World Refugee Day,world wifiday Oct 14 World Standard Day
Jun 21 International Yoga Day Oct 15 World Student Day
Jun 23 United Nations Public Service Day Oct 16 World Food Day
Jun 26 International Day Against Drug Abuse and Oct 17 International poverty
Illicit Trafficking Oct 20 National Solidarity Day (China attacked
June 29 Statistics Day India on that day)
July 1 Doctor's Day Oct 24 United Nations Day
July 4 American Independence Day Oct 30 World Thrift Day
July 11 World Population Day Oct 31 Rastriya Ekta Diwas (Sardar Patel), National
July 18 Mandela Day Integration Day (In memory of Indira
July 26 Kargil Victory Day Gandhi)
July 28 World Hepatitis Day Nov 7 Infant Protection day;World Cancer
Aug 6 Hiroshima Day Awareness Day
Aug 9 Quit India Movement Day Nov 9 Legal Service Day
Aug 12 International youth Day, International Nov 10 Transport Day
Malala Day Nov 14 Children's day/ World Diabetics day
Aug 14 Pakistan's Independence Day Nov 17 Guru Nanak Dev's Birth Anniverrsary
Aug 15 India's Independence Day Nov 26 Law Day
Aug 19 World Photography Day Nov 30 Flag Day
Aug 20 Sadbhavana Diwas Dec1 World AIDS Day
Aug 29 National Sports Day of India Dec 3 World Disability Day
(Dhyanchand's Birth Day) Dec 4 Navy Day
Aug 30 Small Industry Day Dec 7 Armed Force Flag Day
Sept 5 Teacher's Day (Dr. Radhakrishnan's Dec 10 Human Rights day
Birth Day) Dec 11 UNICEF Day
Sept 7 Forgiveness Day Dec 14 National Energy Conservation Day
Sept 8 International Literacy Day Dec 19 Goa's Liberation day
Sept 14 Hindi day,World First Aid Day Dec 23 Kisan Divas (Farmer's Day)
AWARDS
List of Padma awards for exam 2016
List of Padma Vidhushan Rajnikanth Cinema
Yamini Krishnamurthi Classical Dance Girija Devi Classical (Vocal)
Ramoji Rao Literature and Education (Journalism) Shri Jagmohan Public Affairs
Viswanathan Shanta Medicine (Oncology) Dr Vasudeva Kalkunte Aatrre Science &
Shri Shri Ravi Shankar Others (Spiritualism) Engineering
Padma Bhushan award:
Saina Nehwal -Sports Vinod Rai- Civil Service
Sania Mirza -Sports Yarlagadda Lakshmi- Lierature & Education
Anupam Kher-Cinema NS Ramanuja Tatacharya Literature & Education
Udit Narayan Jha Playback SInging Barjinder Singh Hamdard Literature & Education
Ram V Sutar- Sculpture Nageshwar Reddy- Gastroenterology
Heisnam Kanhailal- Theatre Swamy Tejomayananda.-Spiritualism
Padma shri awards
Ujjwal Nikam SS Rajamouli
Ajay Devgn Malini Awasthi
Priyanka Chopra
ICC awards list details
ICC Cricketer of the Year 2015 (Sir Garfield Sobers ICC Womens Twenty20 International Cricketer :
Trophy) : Steven Smith Stafanie Taylor
ICC Test Cricketer of the Year 2015 : Steven Smith ICC T20I Performance of the year award : Faf du
ICC One Day International Cricketer : AB de Villiers Plessis (for his 56-ball 119 against the West Indies)
ICC Umpire f the Year 2015 : Richard ICC Emerging Cricketer : Josh Hazlewood
Kettleborough ICC Associate and Affiliate Cricketer : Khurram
ICC Womens One Day International Cricketer : Khan
Meg Lanning ICC Spirit of Cricket Award : Brendon McCullum
61st filmfare award details
Best Actor: Ranveer Singh for Bajirao Mastani Best Director: Sanjay Leela Bhansali for Bajirao
Best Actress: Deepika Padukone for Piku Mastani
Best Film: Bajirao Mastani Lifetime Achievement: Moushumi Chatterjee
Miss world 2015 Mireia Lalaguna Royo Ronald Ross*, Physiology or Medicine, 1902
NOBLE PRIZES are given for Physics, Chemistry, Har Gobind Khorana*, Physiology or Medicine,
Physiology or Medicine, Literature and Peace , In 1968
economics this prize started in 1968 . The amount of
prize is 8million Swedish crone. Incase of joint
Ashok Chakra: Lance Naik Mohan Nath
awardee , its distributed among them.
Goswami (Posthumous). He belonged to 9
Nobel laureates of India PARA (Special Force) and laid down his life
Kailash Satyarthi, Peace, 2014 while fighting LeT militants in Kupwara district
Venkatraman Ramakrishnan*, Chemistry, 2009 of Jammu and Kashmir.
Amartya Sen, Economic Sciences, 1998 Kirti Chakra: Subedar Mahendra Singh of 9
Tenzin Gyatso, born in Tibet, China, Peace, 1989 PARA (Special Force).
Subrahmanyan Chandrasekhar*, Physics, 1983 Sepoy Jagdish Chand (Posthumous) of 546 DSC
Mother Teresa, born in then Ottoman Empire, Platoon.
now Macedonia, Peace, 1979 Shaurya Chakra: Colonel Santosh Mahadik
(Posthumous) of 41 Rashtriya Rifle (PARA).
Noble prizes Major Praphul Kumar Bhardwaj of 12 PARA
C. V. Raman, Physics, 1930 (Special Force).
Major Sandip Yadav of 55 Rashtriya Rifle
Rabindranath Tagore, Literature, 1913
(Armed).
Rudyard Kipling*, Literature, 1907
Major Anurag Kumar of 9 PARA (Special Force).
Lieutenant Harjinder Singh of 3 KUMAON.
Naik Satish Kumar (Posthumous) of 21 Sepoy Dharma Ram (Posthumous) of 1

Rashtriya Rifle (Guards). Rashtriya Rifle (MAHAR).
Naik Kheem Singh Mehra of 21 KUMAON.
Awards
Maharashtrian of The Year: Ranveer Singh
Arunachal tiger reserve bags biodiversity award
Doha Bank CEO Dr. R Seetharaman conferred with 2016 Green Economy Visionary Award
PM Narendra Modi conferred with the Highest Civilian Honour of Afghanistan
V. O. Chidambaranar Port Bags National Award For Excellence In Cost Management
Sudarsan Pattnaik wins gold in People's Choice Prize
Imprisoned Novelist Ahmed Naji bagged PEN Freedom to Write Award
New Zealand's $5 bill named best banknote of the year
Swat activist Tabassum Adnan wins 2016 Nelson Mandela Award
Sudarsan Pattnaik bags gold medal at Sculpture Championship in Moscow
PM Narendra Modi conferred Saudi Arabias highest civilian honour
Bollywood Actress Radhika Apte Wins Best Actress award at Tribeca Film Fest
Indian documentary Undercover Asia: Girls for Sale winsbronze medalin New York
Festivals 2016
Delhi girl Priyadarshini Chatterjee crowned Miss India World 2016
Mother Teresa Conferred With Founders Award Posthumously In UK
Khadija Ismayilova to receive UNESCO/Guillermo Cano World Press Freedom Prize 2016
Priyanka Chopra conferred with DadasahebPhalke Film Foundation Award 2016
Varanasi Kathak dancer breaks world record
Aishwarya Rai Bachchan won Global Indian of the Year 2016 award
Ex-army chief JJ Singh gets highest French civilian honour
Jammu-born poet Padma Sachdev gets Saraswati Samman
T N Ninan gets Mumbai Press Clubs lifetime achievement award
Djokovic, Serena bag top honours at Laureus World Sports awards
Mahatmas granddaughter Tara Gandhi Bhattacharjee gets French honour
Google India awarded most attractive employer in India
Viswanathan Anand feted with Hridaynath Award
Tikka Shatrujit Singh knighted with top French award
Indian author Aditi Krishna kumar won Scholastic Asian Book Award
Telangana survey enters Limca Book
Indian-American Scientist Arnab De Wins Springer Theses Award
AR Rahman conferred with Japan's Fukuoka prize 2016
The 2016 Pulitzer Prize Winners
Public Service Associated Press
National Reporting The Washington Post Staff
International Reporting Alissa J. Rubin of The New York Times

Feature Writing Kathryn Schulz of The New Yorker
Commentary Farah Stockman of The Boston Globe
Criticism Emily Nussbaum of The New Yorker
British mathematician Sir Andrew J. Wiles has won the Abel Prize in math
Priyanka Kakodkar and Raksha Kumar won Chameli Devi Jain Award
Dogri Poetess Padma Sachdev Awarded Krutitava Smagra Samman
Anand Mahindra conferred with Frances highest civilian award
Kerala Tourism campaign wins Golden City Gate Award
Palestinian Hanan Al Hroub Won 2016 Global Teacher Prize
Bhagwati Lal Vyas selected for Bihari Puraskar 2015
Manoj Kumar Conferred Dada SahebPhalke Award For The Year 2015
Ratan Thiyam Selected For 11th META Lifetime Achievement Award
Stevie Wonder Honoured With Global Green Hero Award
Geetu Mohandas wins Global Filmmaking award at Sundance Film Festival 2016
Lalita Babar named as the Sports Person of the Year
Aryabhatta award conferred on Avinash Chander
Pandit Ram Narayan selected for Bhimsen Joshi Award
Phum Shang bags the Golden Conch Award at MIFF
Malayalam Film Ottal Wins Award at Berlin Film Festival
Nana Patekar get the Godavari Gaurav award
Robin Chaurasiya Nominated For Global Teacher Prize
Ernst & Young Entrepreneur of The Year Award 2015
Vidya Balan receives Pride of Kerala award
Titli became first Indian film to win Best Foreign Film award by FSCC
Japanese honour for N.K. Singh second highest award
SMS-based Vehicle Monitoring Service of Nagaland bags National award
MP Tourism wins Best Indian Destination for Wildlife award
ISRO ex-chairman UR Rao becomes first Indian in International Astronautical Federations
Hall of Fame
63rd National Film Awards
Best actress: KanganaRanaut for Tanu Weds Manu Returns
Best actor: Amitabh Bachchan for Piku
Best Film: Baahubali: The Beginning
Best Director: Sanjay LeelaBhansali for BajiraoMastani
Best popular film providing wholesome entertainment: BajrangiBhaijaan
Best Film Friendly State Award: Gujarat
OSCAR Awards 2016
Best Picture Spotlight
Best Actor in a Leading Role Leonardo DiCaprio for The Revenant
Best Actress in a Leading Role Brie Larson for Room
BAFTA Awards: 69th British Academy Film Awards

The 69th British Academy Film Awards held on 14 February 2016 in London. It has taken
place in Central London at the Royal Opera House.
The Revenant' scooped the best film, best actor and best director awards at the 69th
edition of the biggest film awards outside the U.S.
Outstanding British Film: Brooklyn
Best Director: Alejandro G. Irritu (The Revenant)
Best Actor: Leonardo Di Caprio (The Revenant)
Best Actress: Brie Larson (Room)
Most awards: The Revenant (5 wins)
Most nominations: Bridge of Spies and Carol (9 nominations each)
CEAT Cricket awards 2016

Lifetime Achievement Award Dilip Vengsarkar
International Cricketer of the Year Joe Root
International Batsman of the Year Joe Root
International Bowler of the Year R Ashwin
Test Cricketer of the Year Kane Williamson
ODI Cricketer of the Year Martin Guptill
T20 Player of the Year Virat Kohli
Indian Cricketer of the Year Rohit Sharma
Domestic Cricketer of the Year Shreyas Iyer
Young Player of the Year Rishabh Pant
Special Award Ajinkya Rahane
List Important Books and Authors 2016

Ace against Odds - Sania Mirza
Two Year Eight Months and Twenty Eight Night Salman Rushddi
Neither a Hawk nor a dove Khurshid M Kasuari
Faces and Places Professor Deepak Nayyar
Farishta Kapil Isapuari
My country My Life L.K.Advani
Joseph Anton Sulman Rushdie (Autobiography)
My Unforgettable Memories Mamata Banerjee
The Lives of Others Neel Mukherjee
My Music My Life Pt Ravi Shankar
The God of Small Things Arundhati Roy
Truth Always Prevails Sadruddin Hashwani
Playing It My Way Sachin Tendulkar and Boria Mazumder
Unbreakable (Autobiography of Mary Kom) Mary Kom
Duroch ModiNomics Sameer Kochar
Water, Peace and War Confronting the Global Water Crisis Brahma Chellaney Ambedkar
Awakening Indias Social Conscience Dr. Narendra Jadhav

Runs in Ruins Sunil Gavaskar
The Narrow Road to the Deep North Richard Flanagan (Australian)(Man Booker)
Untold Story of the Indian Public Sector Dr UD Choubey
Final Test: Exit Sachin Tendulkar Dilip DSouza
Worthy Fights: A Memoir of Leadership in War and Peace Leon Panetta and Jim Newton
Not Just an Accountant former CAG Vinod Rai
A Bend in the river V.S. Naipaul
Dramatic Decade: The Indira Gandhi Years Pranab Mukherjee 2014: The Election That
Changed India Rajdeep Sardesai
Your Dreams Are Mine Now: She Showed him What Love Ravinder Singh
Born Again on the Mountain- Arunima Sinha
Flood of Fire Amitav Ghosh
30 Women in Power: Their Voices, Their Stories- Naina Lal Kidwai
The Courage to Act A Memoir of a Crisis and Its Aftermath : Ben S. Bernanke
Globalisation, Democratization and Distributive Justice : Dr. Mool Chand Sharma
Mrs Funny bones :Twinkle Khanna
Making India Awesome : Chetan Bhagat
The Kumbh Mela: Mapping the Ephemeral Megacity :Tarun Khanna
Green Signals: Ecology, Growth, and Democracy in India :Jairam Ramesh
Transcendence: My Spiritual Experiences with Pramukh Swamiji : Abdul Kalam
Flood of fire : Amitav Ghosh
Super Economies :Raghav Bahl
Complete Story of Indian Reforms: 2G, Power & Private Enterprise : Pradeep Baijal
Unbelievable Delhi to Islamabad : Prof Bhim Singh
Food for All:Uma Lele
Family Life :Akhil Sharma( winner of the Folio Prize 2015)
Faces and Places :Prof. Deepak Nayyar
Indian Parliamentary Diplomacy- Speakers Perspective :Meira Kumar
Fragile Frontiers: The Secret History of Mumbai Terror Attacks : SK Rath
The unseen Indira Gandhi : Dr K P Mathur
A call to mercy hearts to love hands to serve : Mother Teresa
Any thing But Khamosh biography of Shatruhgan Sinha : Bharti s.Pradhan
Nudes & Nuddles : Ambi Parmeswaran
Sachin Tendulkar's autobiography enters Limca Book of Records
The Making of India: The Untold Story of British Enterprises authored by Kartar Lalvani
"The Kiss of Life: How a superhero and my son defeated cancer". The book is written by Bilal
Siddiqi and co authored by Emraan Hashmi.
A State in Denial authored by BG Verghese
Journalist Shantanu Guha Ray's new book called "Fixed: Cash and Corruption in Cricket"
released recently.
Gandhi: An Illustrated Biography authored by Pramod Kapoor
No Time to Pause book by Pavithra Ramesh

President of India receives first copies of books Tagores Vision of the Contemporary
World and Tagore and Russia
The biography titled Shashi Kapoor the Householder, the Star, has been authored by film
journalist Aseem Chhabra of veteran actor Shashi Kapoor.
Book Gujarat Files: Anatomy of a Cover Up authored by Rana Ayyub
The Unseen Indira Gandhi authored by Dr KP Mathur released
www.gobsonline.in facebook : www.facebook.com/BEWALSIR

Important Committees in India during 2015 and 2016.
Dr. T. K. Viswanathan Committee - on Bankruptacy Law Reforms

A. P. Shah committee - to look into the dispute between Oil and Natural Gas Corporation
Limited (ONGC) and Reliance Industries Limited (RIL) on Krishna Godavari (KG) gas fields.
L. Narasimha Reddy Committee - to look into the implementation of One Rank One Pension
(OROP) scheme for the ex-servicemen.
Arvind Subramanian Committee - on Possible Tax rates under Goods and Services Tax (GST)
Madhukar Gupta committee: constituted to suggest ways to strengthen security along
Indo-Pak border
B B Tandon Committee: to monitor Government Advertisements
T. Haque committee - NITI Aayog constituted T. Haque Expert Group on Land Leasing
R Gandhi committee - recommended conversion of Urban Cooperative Banks (UCBs) with
business size of 20,000 crore rupees or more into regular banks.
Deepak Mohanty committee to frame action plan on financial inclusion.
A. P. Shah committee A high level committee on the controversial issue of payment of
Minimum Alternate Tax (MAT) by foreign institutional investors.
Vijay Kelkar committee: on Revisiting and Revitalizing the Public Private Partnership (PPP)
Model of Infrastructure Development.
Shyam Benegal Committee - to look into revamp the film certification nuances by Central
Board of Film Censors (CBFC).
R. M. Lodha Committee - on the IPL betting scandal.
AK Bhargava committee: to look into the issues of "Net neutrality".
M.B. Shah Committee - on Black Money
RV Easwar Committee - to simplify the provisions of the Income Tax Act, 1961.
Ajay Shankar Committee: on Prior Permission & Regulatory Mechanisms
Kamlesh Chandra Committee - to examine the wage structure, service conditions of the
Gramin Dak Sevaks (GDS) in the Department of Posts (DoP).
Adam Lewis Panel - to safeguard integrity in International tennis.
Ajay Shankar Committee : To review functioning of PPP Cell
H Devaraj Commitee : Reported most deemed university
H R Khan Panel : To evaluate unclaimed PPF and Post Office Savings
Bimal Jalan : To head the Expenditure Management Commission
Deepak Mohanty Committee : Data and Information Management in the RBI

Arvind Mayaram Committee : To clear definition to the FDI and FII
Nachiket Mor Committee : To permit NBFC's to work as Business correspondence
P J Nayak Committee : Governance of Boards of Bank in India
Bibek Debroy : for Restructuring the railway
Pratyush Sinha : To assess compensation for coal blocks.
T.K. Vishwanathan committee: To provide Bankruptcy code for small and medium
enterprises (SMEs).
K.V. Kamath panel: to examine the financial architecture for Micro, Small and Medium
Enterprises (MSME) sector.
Gopalakrishna Committee: on Capacity Building in Banks and non-Banks
G N Bajpai Committee: Guidelines for national pension system (NPS) schemes in private
sector.
Tandon Committee:Follow Up Of Bank Credit
Venketaiya Committee:Review Of Rural Financing System
R. Jilani: Inspection System in Banks
Goiporia Committee:Customer Service In Banks
LC Gupta Committee:Financial Derivatives
James Raj Committee:Functioning Of Public Sector Banks
A Ghosh Committee:Frauds & Malpractices In Banks
A K Khandelwal:HR Issues of Public Sector Banks
R.H. Khan:Harmonization of the Role of Financial Institution in Banks
Rajamannar Committee:Changes In Banking Laws , Bouncing Of Cheques Etc.
Usha Thorat Panel: Financial Inclusion
R S Saria Committee:Agricultural Finance And Cooperative Society
J.V. Shetty:Consortium Lending by Banks
M Damodaran:Customer Service in Banks
C.Rangrajan Committee:Computerization Of Banking Industry
Cook Committee (On Behalf Of BIS Under Basel Committee ):Capital Adequacy Of Banks
Pendarkar Committee:Review The System Of Inspection Of Commercial, RRB And Urban
Cooperative Banks
Dave Committee:Mutual Funds (Functioning)
Committee for Evolution of a National Education Policy submits report to Union HRD
Ministry
The Committee Headed by T.S.R.Subramaniam examined the large body of outcome
documents, recommendations and suggestions received from the various consultations.
Union Government constituted DB Shekatkar Committee on defence spending
The committee will also recommend measures to enhance the combat capabilities of the
over 13-lakh strong armed forces.
NK Singh committee formed to review and give recommendations on FRBM roadmap
The committee will examine the need and feasibility of having a fiscal deficit range as the
target in place of the existing fixed percentage of GDP and make specific
recommendations.
Prakash Singh panel submits report on Jat quota Agitation
Officers who were derelict in performing the duty or showed soft corner for the agitators
have been identified and their names have been mentioned in the report.
Committee on Estimates recommends PM-headed authority on Ganga Rejuvenation
The Committee opined the authority is required to cut down on the red tape involving
various ministries and state governments to be set up for securing the nirmalta (purity)
and aviralta (flow) of the Ganga by July 2018.
H R Nagendra Committee on Yoga Education in Universities submitted its
recommendations
The Union Government on 15 January 2016 had constituted a committee on yoga
education in universities. The committee was headed by Professor H.R. Nagendra.
Supreme Court appointed RM Lodha-panel to reform Medical Council of India
The court appointed the panel as the MCI is often been accused of indulging in corrupt
practices.
Parliamentary panel headed Divakar Reddy suggested fine, jail for celebrities of
misleading ads
The Union Government introduced the Consumer Protection Bill 2015 in the Lok Sabha in
August 2015 to repeal the 30-year old Consumer Protection Act, 1986.
Madhukar Gupta committee constituted to suggest ways to strengthen security along
Indo-Pak border
The committee will study all types of gaps in fencing and all other vulnerabilities in the
International Border on Indo-Pak Border and suggest comprehensive approach to fix these
gaps.
Ashok Lahiri Committee constituted to review excise duty imposed on different
jewellery articles in Budget 2016-17
The committee will review the 1 percent (without input tax credit) and 12.5 percent (with
input tax credit) excise duty imposed on jewellery items in the Budget 2016-17.
Akhilesh Ranjan Committee on Taxation of E-Commerce submitted report to Union
Government
The Report provides the view of the Committee on issues related to taxation of e-commerce
and recent international developments in this area.
Mahesh Kumar Singla committee constituted to consider ST status to six communities
of Assam
The committee headed by Special Secretary (Internal Security) Ministry of Home Affairs,
Mahesh Kumar Singla will submit its report by 31 May 2016.
Amit Mitra named chairman of GST committee of state FMs
Mitra will succeed Kerala Finance Minister K M Mani who had to resign in November 2015
over corruption charges.
SC appointed Lodha Committee to sell PACL's assets
A bench headed by Justice Anil Dave said that the title deeds of various lands belonging to
PACL should be handed over by the CBI to the SEBI.
Union Government formed Arvind Panagariya committee on Mumbai-Ahmedabad High
Speed Corridor
The mandate of the committee is to look into the overall operations and technical issues,
Make in India component and financial outlay of the 90000 crore rupees worth project.
Department of Posts formed Kamlesh Chandra Panel on Gramin Dak Sevaks
The panel will study issues related to Gramin Dak Sevaks including wage structure and
service conditions.
Union Government constituted Shyam Benegal Committee to revamp Censor Board
The recommendations of this Committee will provide a holistic framework and enable those
tasked with the work of certification of films to discharge their responsibilities keeping in
view this framework.
Prof Ashok Misra headed Committee of Eminent Persons on JEE submitted its report
Joint Entrance Exam is held for admissions into IITs, NITs, IIITs, etc.
NITI Aayog panel on Innovation submitted its report recommending private funding for
R&D
It recommended improved tax benefits for investments equivalent to a percentage of
corporate profits in research labs in universities and startups.
Union Government constituted RV Easwar Committee to simplify The Income Tax Act,
1961
The members of the committee are VK Bhasin, Vinod Jain, Rajiv Memani, Ravi Gupta,
Mukesh Patel, Ajay Bahl, Pradip P. Shah, Arvind Modi and Dr. Vinay Kumar Singh.
Union Government formed B S Baswan committee to revisit civil services examination
pattern
The committee will submit a report on a range of issues related to the examination-eligibility
criteria, number of attempts, revision of syllabus, usage of technology, etc.
NITI Aayog constituted T Haque Expert Group on Land Leasing
The expert group headed by former Commission for Agricultural Costs and Prices (CACP)
chairman T Haque will review the existing agricultural tenancy laws of states, including hilly
states and schedule areas. Website : gobsonline.in Follow on Facebook :
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Union Government formed Mihir Shah Committee on restructuring water agencies
The committee will suggest ways on restructuring the Central Water Commission (CWC)
and the Central Ground Water Board (CGWB).
Workshop held to discuss Pam Rajput Committees recommendation on Status of Women
The workshop discussed the recommendations under four groups including Women and
Economy; Women and Social Empowerment; Women, Media and Information Technology;
Women and Law and lastly, Institutional Mechanism and Governance.
Union Cabinet approved setting up of Panagariya Committtee to classify Caste Census
data, 2011
The expert group will be serviced by the Ministry of Social Justice and Empowerment and
Ministry of Tribal Welfare.
FSSAI set up an Expert Group on Salt, Sugar and Fat in Indian Food Products
The 11-member Expert Group will be headed by Dr. D Prabhakaran, Director, Centre for
Chronic Conditions and Injuries and Vice-President, Public Health Foundation of India.
Union Ministry of Finance constituted a Task Force headed by D Swarup on Financial
Redress Agency
FRA was envisaged in the draft Indian Financial Code (IFC) and was recommended by the
FSLRC. It would act as the first forum of independent grievance redress which a financial
consumer can access
Union Government formed a Committee to oversee 125th Bhim Jayanti celebrations
The national committee under the chairpersonship of the Prime Minister will suggest
different programmes and activities to spread the thoughts and ideas of Dr B R Ambedkar.
Union Ministry of Finance constituted Committee on Revisiting & Revitalizing PPP
Model
The committee is headed by former Finance Secretary Vijay Kelkar.
Union Government constituted Task Force on Interlinking of Rivers
The task force chaired by BN Navalawala will take up all issues for expediting the work on
interlinking of rivers in the Country. It would also consider alternative plans in place of
infeasible links in the present plan.
Union Government constituted SIT to reinvestigate 1984 anti-Sikh riot cases
The SIT was constituted on recommendation of Mathur Committee which in its report asked
the government to start a fresh probe in the case. The new SIT will be headed by Pramod
Asthana, an IPS officer of 1986 batch.
Union Government constituted Anil Baijal Panel to suggest a framework to assess CSR
activities
The Union Ministry of Corporate Affairs and the Indian Institute of Corporate Affairs (IICA)
will jointly provide the secretarial and technical support to the panel.
Subramanium committee recommended single window system for environment
projects
High-level committee (HLC) headed by former Cabinet Secretary T S R Subramanium in its
recommendation suggested single window clearance mechanism for green nods as
corporates seek short cuts to get clearance for their environment projects.
Securities market regulator SEBI has constituted a three-member committee under the
chairmanship of Justice R M Lodha, Former Chief Justice of India for disposing of the land
purchased by Pearl Agrotech Corporation ltd (PACL) and refunding the proceeds to
investors.
IMPORTANT DAMS IN INDIA

River Project River, State, Height and Length
Baglihar Dam Jammu and Kashmir, on Chenab River, Height 143 meters, Length 364.362 meters
Bhakra Nangal Dam Punjab and Himachal Pradesh, on Sutlej River, Height 226 meters, Length 520 meters
Bhavanisagar Dam Tamil Nadu, on Bhavani River, Height 105 feet, Length 1700 meters
Bisalpur Dam Rajasthan, on Banas River, Height 130 feet, Length 1883 feet
Cheruthoni Dam Kerela, on Cheruthoni River, Height 450 feet, length 2300 feet
Hirakud Dam Odisha, on Mahanadi River, Height 60.96 meters, Length 25.8 km
Indira Sagar Dam Madhya Pradesh, on Narmada River, Height 92m, Length 653m
Jamrani Dam Uttarakhand, on Gola River, Height 130.6 meters, Length 465 meters
Koyna Dam Maharashtra, Koyna River, Height 339 feet, Length 2648 feet
Krishnarajasagar Dam Karnataka, on Kaveri River, Height 125 feet, Length 3.5 km
Maithon Dam Jharkhand, on Barakar River, Height 165 feet, Length 15712 feet
Mettur Dam Tamil Nadu, on Kaveri River, Height 120 feet, Length 1700 meters
Nagarjuna Sagar Dam Andhra Pradesh and Telangana, on Krishna River, Height 124 meters, Length 1450 meters
Nagi Dam Bihar, on Nagi River, Height 113.5 meters, Length 1884 meters
Pakal Dul Dam Jammu and Kashmir, on Marusudar River, Height 167 meters, Length 305 meters
Pong Dam Himachal Pradesh, on Beas River, Height 132.59 meters, Length 1950.7 meters
Ranjit Sagar Dam Punjab, on Ravi River, Height 145 meters, Length 617 meters
Rihand Dam Uttar Pradesh, on Rihand River, Height 299 feet, Length 3064 feet
Salal Dam Jammu and Kashmir, on Chenab River, Height 113 meters, Length 487 meters
Sardar Sarovar Dam Gujarat, on Narmada River, Height 163 meters, Length 1210 meters
(Narmada Dam)
Subansiri Lower HE Arunachal Pradesh, on Subansiri River, Height 130 meters, Length 284 meters
Dam
Teesta-V Dam Sikkim, on Teesta River, Height 86.8 meters, Length 176.5 meters
Tehri Dam Uttarakhand, on Bhagirathi River, Height 260 meters, Length 575 meters
TungaBhadra Dam Karnataka, on Tungabhadra River, Height 49.38 meters, Length 2441 meters
Ukai Dam Gujarat, on Tapi River, Height 81 meters, Length 4927 meters
WILDLIFE SANTUARIES/NATIONAL PARKS / POWER PLANTS IN INDIA

J&K Harike Lake WLS Station
National Parks(NP) Jhajjar Bacholi WLS Anpara Thermal Power
Dachigam National Park Power Plants Station
Hemis National Park Guru Gobind Singh Super Bihar
Kishtwar National Park Thermal Power Plant National Parks(NP)
Salim Ali National Park Haryana Valmiki National Park
Wild Life Sanctuaries(WLS) National Parks(NP) Wild Life Sanctuaries(WLS)
Gulmarg WLS Kalesar National Park Gautam Budha WLS
Limber WLS Sultanpur National Park Kaimur WLS
Nandini WLS Wild Life Sanctuaries(WLS) Pant (Rajgir) WLS
Himachal Pradesh Bhindawas WLS Valmiki WLS
National Parks(NP) Kalesar WLS Power Plants
Pin Valley National Park Khaparwas WLS Kahalgaon Super Thermal
Great Himalayan National Power Plants Power Station
Park Gorakhpur Atomic Power Barauni Thermal Power
Inderkilla National Park Station Station
Khirganga National Park Deenbandhu Chhotu Ram Chattisgarh
Simbalbara National Park Thermal Power Station National Parks(NP)
Wild Life Sanctuaries(WLS) Rajiv Gandhi Thermal Indravati National Park
Bandli WLS Power Station Kanger Valley National
Daranghati WLS UP Park
Dhauladhar WLS National Parks(NP) Guru Ghasi Das (Sanjay)
Nargu WLS Dudhwa National Park Wild Life Sanctuaries(WLS)
Pong Dam Lake WLS Wild Life Sanctuaries(WLS) Badalkhol WLS
Shilli WLS Hastinapur WLS Bhairamgarh WLS
Talra WLS Ranipur WLS Bhoramdev WLS
Power Plants Sohagibarwa WLS Udanti Wild Buffalo WLS
Girinagar Hydel Project Sur Sarovar WLS Power Plants
Binwa Hydel Project Chandraprabha WLS Sipat Thermal Power Plant
Rangtong Hydel Project National Chambal WLS Hasdeo Thermal Power
Baner & Neugal Project Power Plants Station
Punjab Narora Atomic Power Bhilai Expansion Power
Wild Life Sanctuaries(WLS) Station Plant
Abohar WLS Rihand Thermal Power
Jharkhand Kaziranga National Park (Dhumkhal) WLS

National Parks(NP) Manas National Park Thol Lake WLS
Betla National Park Nameri National Park Wild Ass WLS
Wild Life Sanctuaries(WLS) Rajiv Gandhi Orang Power Plants
Lawalong WLS National Park Mundra Thermal Power
Palkot WLS Wild Life Sanctuaries(WLS) Station
Parasnath WLS Amchang WLS Ukai Thermal Power
Power Plants Chakrashila WLS Station
Chandrapura Thermal Dihing Patkai WLS Akrimota Thermal Power
Power Station East Karbi Anglong WLS Station
Koderma Thermal Power North Karbi Anglong WLS Karnataka
Station Nambor WLS National Parks(NP)
Bokaro Thermal Power Power Plants Bandipur National Park
Station Bongaigaon Thermal Bannerghatta National
Andhra Pradesh Power Plant Park
National Parks(NP) Goa Kudremukh National Park
Sri Venkateswara National National Parks(NP) Nagarhole National Park
Park Bhagwan Mahavir Anshi national park
Mrugavani National Park (Mollem) National Park Wild Life Sanctuaries(WLS)
Rajiv Gandhi National Wild Life Sanctuaries(WLS) Arabithittu WLS
Park Bondla WLS Attiveri WLS
Namdapha National Park Madei WLS Bhadra WLS
Mouling National Park Bhagwan Mahavir Bhimgad WLS
Wild Life Sanctuaries(WLS) (Mollem) WLS Brahmagiri WLS
Coringa WLS Netravali WLS Cauvery WLS
Kawal WLS Gujarat Nugu WLS
Kolleru WLS National Parks(NP) Pushpagiri WLS
Nellapattu WLS Blackbuck National Park, Ranganathittu Bird WLS
Pulicat Lake WLS Velavadar Sharavathi Valley WLS
Rajiv Gandhi (Nagarjuna Gir Forest National Park Someshwara WLS
Sagar-Srisailam) WLS Marine National Park, Gulf Power Plants
Rollapadu WLS of Kutch Kakrapar Nuclear Power
Power Plants Bansda National Park Plant
Simhadri Super Thermal Wild Life Sanctuaries(WLS) Raichur Thermal Power
Power Plant Jambugodha WLS Station
Sri Damodaram Jessore WLS Udupi Thermal Power
Sanjeevaiah Thermal Power Kutch Desert WLS Plant
Station Mitiyala WLS Bellary Thermal Power
Assam Porbandar Lake WLS Station
National Parks(NP) Rampara Vidi WLS Kerala
Dibru-Saikhowa National Ratanmahal WLS National Parks(NP)
Park Shoolpaneswar Eravikulam National Park
Mathikettan Shola Sardarpur WLS Keibul Lamjao National

National Park Son Gharial WLS Park
Periyar National Park Power Plants Wild Life Sanctuaries(WLS)
Silent Valley National Park Vindhyachal Super Yangoupokpi-Lokchao
Anamudi Shola National Thermal Power Station WLS
Park Sant Singaji Thermal WB
Pampadum Shola Power Plant National Parks
National Park Satpura Thermal Power Buxa National Park
Wild Life Sanctuaries(WLS) Station Neora Valley NationalPark
Aralam WLS Amarkantak Thermal Singalila National Park
Chimmony WLS Power Station Sundarbans National Park
Idukki WLS Sasan Ultra Mega Power Wildlife Sanctuaries
Malabar WLS Project Ballavpur WLS
Mangalavanam Bird WLS Maharashtra Chintamani Kar Bird
Neyyar WLS National Parks(NP) Sanctuary
Periyar WLS Chandoli National Park Haliday Island WLS
Thattekad Bird WLS Navegaon National Park Lothian Island WLS
Power Plants Tadoba National Park Mahananda WLS
Brahmapuram Power Gugamal national park Power Plants
Station Wild Life Sanctuaries(WLS) Mejia Thermal Power
Kayamkulam Power Aner Dam WLS Station
Station Bhamragarh WLS Farakka Super Thermal
MP Bhimashankar WLS Power Station
National Parks(NP) Great Indian Bustard Kolaghat Thermal Power
Kanha National Park WLS Station
Madhav National Park Jaikwadi WLS Bakreshwar Thermal
Mandla Plant Fossils Koyana WLS Power Station
National Park Nagzira WLS Durgapur Steel Thermal
Panna National Park Painganga WLS Power Station
Pench National Park Radhanagari WLS UK
Sanjay National Park Sagareshwar WLS National Parks
Satpura National Park Tipeshwar WLS Gangotri National Park
Van Vihar national park Tungareshwar WLS Jim Corbett National Park
Wild Life Sanctuaries(WLS) Power Plants Valley of Flowers National
Bori WLS Tarapur Atomic Power Park
Gandhi Sagar WLS Station Wildlife Sanctuaries
Ghatigaon WLS Tirora Thermal Power Askot Musk Deer WLS
Ken Gharial WLS Station Binsar WLS
Narsighgarh WLS Amravati Thermal Power Govind Pashu Vihar WLS
National Chambal WLS Plant Kedarnath WLS
Orcha WLS Manipur Sonanadi WLS
Kuno WLS National Parks(NP) Power Plants
Chibro Power Plant Tuticorin Thermal Power Bhitarkanika National Park

Khodri Power Plant Station Simlipal National Park
Chilla Power Plant Sikkim Wildlife Sanctuaries
Tripura CM: Pawan Kumar Chamling Badrama WLS
National Parks Governor: Srinivas Patel Baisipalli WLS
Bison( Rajbari ) National Capital: Gangtok Chilika (Nalaban) WLS
Park National Parks Hadgarh WLS
Clouded Khangchendzonga Khalasuni WLS
Leopard National Park National Park Satkosia Gorge WLS
Wildlife Sanctuaries Wildlife Sanctuaries Power Plants
Gumti WLS Fambong Lho WLS Talcher Super Thermal
Rowa WLS Kitam WLS (Bird) Power Station
Sepahijala WLS Maenam WLS Nagaland
Trishna WLS Pangolakha WLS National Parks
Power Plants Power Plants Intanki National Park
Palatana Thermal Power Rangit Hydro Electric Wildlife Sanctuaries
Plant Power Prject Fakim WLS
Tamil Nadu Rajasthan Puliebadze WLS
National Parks National Parks Rangapahar WLS
Mudumalai National Park Sariska National Park Power Plants
Mukurthi National Park Ranthambore National Dikhu Hydro Electric Power
Indira Park Plant
Gandhi (Annamalai) Darrah National Park Mizoram
National Park Desert National Park National Parks
Guindy National Park Keoladeo National Park Murlen National Park
Gulf of Mannar Marine Wildlife Sanctuaries Phawngpui Blue National
National Park Bundh Baratha WLS Park
Wildlife Sanctuaries Darrah WLS Mountain National Park
Indira Gandhi (Annamalai) Jawahar Sagar WLS Wildlife Sanctuaries
WLS Kailadevi WLS Dampa WLS (TR)
Kalakad WLS Mount Abu WLS Ngengpui WLS
Karaivetti WLS Ramsagar WLS Pualreng WLS
Karikili WLS Sariska WLS Tokalo WLS
Mudumalai WLS Sawai Man Singh WLS Meghalaya
Pulicat Lake WLS Shergarh WLS National Parks
Vaduvoor WLS Sitamata WLS Balphakram National Park
Vedanthangal WLS Power Plants Nokrek National Park
Vettangudi WLS Chhabra Thermal Power Wildlife Sanctuaries
Power Plants Station Baghmara Pitcher Plant
Kudankulam Nuclear Suratgarh Power Station WLS
Power Plant Odisha Nongkhyllem WLS
Neyveli Thermal National Parks Siju WLS
SPORTS NEWS
Serena pips Sharapova world's top paid sportswoman
Lucknow to host Junior hockey World Cup
Maria Sharapova receives two-year ban for failing drug test
World's highest-paid athletes: Cristiano Ronaldo tops Forbes 2016 list
Sania Mirza, Martina Hingis Win Italian Open
Pankaj Advani creates history by winning Asian 6-Red Snooker title
IPL 9 Final: David Warner, Ben Cutting help SRH win maiden IPL title
Sunrisers Hyderabad defeated the Royal Challengers Bangalore to seal their maiden IPL
trophy in their first shot at the title.
Pakistan beat India at Asian Kabaddi championships
Novak Djokovic beats Andy Murray in Madrid Open final (player man of the year)
Stephen Curry named NBAs Most Valuable Player for second straight year
Andy Murray beats Novak Djokovic to win first Italian Open title
Max Verstappen becomes youngest Formula 1 winner
China beats South Korea to win Uber Cup 2016 badminton final
Denmark win first Thomas Cup title
Mohun Bagan beats Aizawl FC 5-0 to lift 14th Fed Cup title
Nico Rosberg has won Russian Grand Prix
Leicester wins its first Premier League title
Mark Selby wins 2016 World Championship title of Snooker
Rest of India complete record run chase to win Irani trophy
All England Championships: Lin Dan wins sixth title; Nozomi Okuhara first
Services wins 70th Santosh Trophy football title 2016
West Indies lift their second ICC World T20 title
Nandu Natekar becomes first non-cricketer to be inducted into Legends Club
Womens World T20: Maiden title for West Indies women
Kane Williamson, Ben Stokes make through Wisdens top five cricketers of 2015
Australia thrash India 4-0 to win Sultan Azlan Shah Cup
Rafael Nadal wins Monte Carlo Masters title
India wins 2016 Asian Nations Cup Chess tournament
Nico Roseberg wins 2016 Bahrain Grand Prix
Mumbai U-23 Team Clinched CK Nayudu Trophy 2015-16
Patna Pirates beat U Mumba to win 3rd season of Pro Kabaddi League
India win Asia Cup title for sixth time
Mumbai win Ranji Trophy title
Novak Djokovic beats Andy Murray to win the 2016 Australian Open final
Under 19 World Cup : West Indies Beat India To Win First Title
Mirza-Hingis Win St Petersburg Title
ICC Cricket for Good and UNICEF launched Team Swachh clinics in partnership with BCCI
Lionel Messi first to score 300 La Liga goals
Hockey India League 2016: Punjab Warriors beat Kalinga Lancers to clinch maiden title
Anirban Lahiri wins Hilton Asian Tour Golfer of the Year award
BCCI bans Pakistani umpire Asad Rauf for 5 years
Argentina retain top spot in FIFA rankings
UEFA cup 2016 has been won by Portugal .
Wimldon 2016 cup won by Ande marray
New Appointment in various Financial Organisation
1. N S Vishwanathan appointed as the new deputy governor of RBI
2. K V Thomas appointed as the Chairman of Public Accounts Committee (PAC)
3. Mrugank Paranjape MD and CEO of MCX
4. Ashok Chawla appointed as the NSE chairman
5. Sanjiv Misra appointed as the Chairman OF Axis Bank
6. Govind Rajan appointed as the CEO of Freecharge
7. Anantha Radhakrishnan appointed as the MD of Infosys BPO
8. Ashok Lavasa appointed as the Finance Secretary
9. CR Sasikumar takes charge as MD, State Bank of Travancore
10. N.K. Chari appointed as the MD, State Bank of Mysore
11. Chetan Chauhan named NIFT new Chairman
12. Bipin R Patel appointed as President of Gujarat Chamber of Commerce and Industry
13. Mahendra Singh Dhoni becomes brand ambassador of Exide Life Insurance
14. PayPal appoints Anupam Pahuja as India Country Manager and MD
15. Sujoy Bose appointed as CEO of National Investment and Infrastructure Fund
16. Rajeev Talwar appointed as the Chairman of National Real Estate Development Council
17. S. Ravindranappointed as the Chairman of Karnataka Vikas Grameena Bank (KVGB)
18. Ken Miyauchi appointed as the President & Coo, SoftBank
19. Anupam Pahuja appointed as the MD, PayPal India
Appointments
Faustin-Archange Touadera sworn in as President of Central Africa
Dia Mirza named Ambassador for Swachh Saathi programme
Bollywood actress Dia Mirza has named as the ambassador for Swachh Saathi (student
internship) programme.
Vietnam has chosen Nguyen Thi Kim Ngan as its first female speaker.
1982 batch IAS officer of Himachal Pradesh Cadre Ajay Mittal took charge as the
Information and Broadcasting Secretary.
Enda Kenny re-elected as Prime Minister of Ireland
UK: Sadiq Khan elected as new Mayor of London
AIADMK chief Jayalalithaa sworn-in as Tamil Nadu Chief Minister on the row of
Continuous Second Time
Sarbananda Sonowal sworn in as Assam CM
Left Democractic Front Party Pinarayi Vijayan sworn-in as Kerala CM
Guinea Bissau president names Baciro Dja as prime minister
Mamata Banerjee sworn-in as the Chief Minister of West Bengal for a second term
Vice Admiral Girish Luthra Takes Over Western Naval Command

Madhavan becomes goodwill ambassador for LEPRA India
Advocate Atma Ram Nadkarni appointed Additional Solicitor General
Claire Furlong is new ICC General Manager: Strategic Communications
Gianni Infantino names Fatma Samoura as FIFAs first female secretary general
Shashank Manohar elected unopposed as ICCs chairman
Rahman joins Olympic Goodwill Ambassadors list of Sachin Tendulkar, Salman Khan and
Abhinav Bindra
SEBI approves appointment of Ashok Chawla as NSE chairman
Hindupur Pradeep Rao appointed as Deputy CAG
Anil Kumble re-elected as ICC Cricket Committee Chairman for three years
Axis Bank appoints Sanjiv Misra as Non-Executive Chairman
Michel Temer takes over as interim Brazil president
Justice Mukul Mudgal appointed as deputy chairman of FIFA governance committee
Indian Origin Philip Abraham elected Deputy Mayor of Loughton in U.K.
Ex-finance Secretary, Ratan P Watal, appointed as Niti Aayogs Principal Adviser
Union government has appointed the 11-member committee led by Lt Gen D B
Shekatkar (retd) to relook defence expenditure
Anurag Thakur becomes BCCI president gets elected unopposed after Shashank
Manohar
Former IPS officer Kiran Bedi appointed as Lt Governor of Puducherry
Rohit Sharma signs as Brand Ambassador for Hublot watches
DR. Radha Binod Burman nominated as president of the National Statistical Commission
Patricia Espinosa selected new UNFCCC Executive Secretary
Matthew Fleming become next MCC President
Sunil Lanba take over as next Indian Navy chief
Manohar Kumar takes over as Director (Engg) in NPCC
Kumar Rajesh Chandra appointed Chief of Bureau of Civil Aviation Security
Rajiv Gauba takes over as Secretary of Urban Development Ministry
Bhupendra Kainthola is new FTII director
Nagaland Chief Secy Pankaj Kumar becomes first Ambassador for Girl Child
Government reconstitutes IGNCA board; Ram BahadurRai appointed as Chairman
Ajay Devgn, Kajol to be brand ambassadors of Andhra Pradesh tourism
Vijay Shekhar Sharma appointed chairman of IAMAI payments banks group
Ukraine appoints Groysman new Prime Minister
C.P. Gurnani appointed as Chairman of NASSCOM
Govt ropes in Sachin Tendulkar for Skill India campaign
LAVA International Announces MS Dhoni as Its Brand Ambassador
Government appoints Susmita Pande as National Monument Authority (NMA)
Chairperson
Indias Durga Thakur Promoted as International Hockey Umpire
Centre appoints A. Ajith Kumar as Rubber Board Chief
BCCI appoints media veteran Rahul Johri as CEO

Goa appoints Justice PK Mishra as Lokayukta
Madhukar Gupta committee to suggest ways to tighten security along Indo-Pak border
Paytm appoints ex-head of Alibaba as its President
HL Dattu appointed to International Human Rights body
Ashley Judd appointed as Goodwill Ambassador by UNDP
M S Dhoni signed as Revital H brand ambassador
S Rao will take over as the new public interest director and chairman of BSE
Tapan Chand elected Aluminium Association of India chief
Arab League names Egypt's Ahmed Aboul Gheit as new chief
Kangana Ranaut named Reebok brand ambassador
B.S. Chauhan appointed Law Commission chairperson
Naveen Patnaik elected as BJD president for the 7th consecutive term
Rozle Prezelj elected Chairman of IAAF Athletes Commission
Mrugank Paranjape Appointed As MCX MD
FIH promotes Napoleon Singh as International Umpire
Ban Ki Moon appoints Major General Menon as UNDOF head
Indian-origin Sikh appointed Kuala Lumpur Police Commissioner
Archana Ramasundaram became first woman to head a paramilitary force
HL Dattu selected as the new Chairman of National Human Rights Commission
KN Vyas took charge as Director of BARC
Rohit Sharma named Nissans global ambassador
Secretary-General Appoints Tamar Hahn of Israel Director of United Nations Information
Centre
Ashok Chawla Appointed As Chairman of TERI
Kamlesh Kumar appointed as Chief Commissioner for Persons with Disabilities
Vinod Rai appointed Chairman of Banks Board Bureau
Christine Lagarde appointed for second term as IMF chief
J K Garg takes over as MD of Corporation Bank
DJ Pandian appointed AIIB Vice-President
Ashok Lavasa, has been designated as the Finance Secretary by the Appointments
Committee of Cabinet (ACC) headed by PM Narendra Modi.
Senior IPS officer Navin Agarwal was appointed chief of National Anti-Doping Agency
(NADA), working for dope-free sports for five years.
N.K.Chari took charge as the new Managing Director of State Bank of Mysore.
Reliance Foundations Founder and Chairperson Nita Ambani has just been nominated as
a member by the International Olympic Committee.
CR Sasikumar took charge as the Managing Director of State Bank of Travancore which is
one of the five associate banks of State Bank of India.
Congress Legislature Party leader V Narayanasamy has sworn in as Chief Minister of the
Union Territory of Puducherry.
Ariful Hoda has joined United India Insurance as CMD
SCHEMES LAUNCHED BY MODI GOVERNMENT

PRADHAN MANTRI JAN DHAN YOJANA :
Objective of "Pradhan Mantri Jan-Dhan Yojana (PMJDY)" is ensuring access to various
financial services like availability of basic savings bank account, access to need based credit,
remittances facility, insurance and pension to the excluded sections i.e. weaker sections &
low income groups.
Benefits of schemes are
Interest on deposit.
Accidental insurance cover of Rs.1Lakh ( now replaced by suraksha bima for Rs2.00 on Rs 12
premium age 18 to 70 years )
No minimum balance required
Life insurance cover of Rs.30,000 ( now replaced by Jeevan jyoti bima of Rs2.lacs Age 18 t0
50 premium Rs 330 per anum
Overdraft facility after 6 months.
Access to Pension, insurance products.
RuPay Debit Card.
Overdraft facility upto Rs.5000/- is available in only one account per household.
Launched by PM Narendra Modi on 28th August 2014 Accounts opened 21.93crore amount
deposited Rs38047 cr
MUDRA BANK YOJANA :

(MUDRA Bank - Micro Unit Development and Refinance Agency Bank) MUDRA will provide
credit up to Rs.10 lakh to small entrepreneurs & act as regulator of Micro finance
institutions.
Objective of the scheme are to encourage entrepreneurs and small business units to expand
their capabilities and to reduce over indebtedness.
Schemes offered by MUDRA bank are:
Shishu - the starters-covers loan up to Rs.50,000
Kishor - the mid stage finance seekers-covers loan above Rs.50,000 and up to Rs.5,00,000.
Tarun - growth seekers- covers loan above Rs.5,00,000 and up to Rs. 10,00,000
Launched by PM Narendra Modi on 8th April 2015. First bank corporation bank to start
Mudra
PRADHAN MANTRI JEEVA JYOTI BIMA YOJANA:

It is government backed life insurance scheme.
Age limit: 18 to 50 years of age.
Annual premium- Rs.330 per year for life cover of Rs.2,00,000.
Launched by by PM Narendra Modi on 9th May 2015.
PRADHAN MANTRI SURAKSHA BIMA YOJANA:

Age limit : 18-70 years
Annual premium : Rs.12 per year.

Coverage : accidental death and full disability of Rs.2,00,00 and Rs.1,00,000 for partial
disability.
Launched by by PM Narendra Modi on 9th May 2015.
ATAL PENSION SCHEME:

Atal pension scheme is targeted at unorganized sector workers.
Age limit: 18-40 years
Pension will start at age of 60 years.
Depending upon the contribution, the beneficiary will get guaranteed pension of Rs.1000 to
Rs.5000 per month.
Govt will contribute 50% of total contribution or Rs.1000 whichever is lower.
Launched by by PM Narendra Modi on 9th may 2015.
MAKE IN INDIA:
Objective of Make in India initiative is
To promote India a manufacturing hub.
Economic transformation in India
To eliminate unnecessary law and regulation.
25 sectors have been included in Make in India scheme. Some of sectors are automobiles,
chemicals, IT, pharmaceuticals, textiles, leather, tourism and hospitality, design
manufacturing, renewable energy, mining and electronics.
Launched by by PM Narendra Modi on 25th September 2014.
SWACHH BHARAT:
Swachh Bharat Abhiyan is a national campaign by government of India aims to accomplish
the vision of clean India by 2nd October 2019.
Launched by by PM Narendra Modi on 2nd October 2014.
A performance ranking on Swachh Bharat Abhiyan of 476 cities in the country, based on the
extent of open defecation and solid waste management practices, released by the Ministry
of Urban Development recently.
Top 10 cities are : Mysore, Tiruchirapalli, Navi Mumbai, Kochi, Hassan, Mandhya, Bengaluru,
Thiruvanathapuram, Halisahar, Gangtok.
KISAN VIKAS PATRA:

Kisan Vikas Patra is a saving certificate scheme which was first launched in 1988 by India
Post and it was relaunched in 2014. The denomination available in Rs. 1000, 5000, 10000 &
Rs.50000
The amount invested will double in 100 months (according to old interest but not now)
Certificate is issued in single or in joint names.
It can be pledged as security to get loans.
Interest rate 7.8%
Launched by by Finance Minister Arun jaitley on 18th November 2014.
KRISHI AMBANI BIMA YOJANA:

Objective of the scheme is to give impetus dying to agriculture practice. If farmers bear any
financial burden due to unexpected weather, then Krishi Ambani Bima Yojana will help
them.
PRADHAN MANTRI GRAM SINCHAI YOJANA:

The motive of Pradhan Mantri Gram Sinchai Yojana will be to take irrigation water to each
and every agricultural field in the country.
Launched by by Rajnath Singh.
PRADHAN MANTRI SANSAD ADARSH GRAM YOJANA:

Under this scheme, Mps will be responsible for developing the socio-economic and physical
infrastructure of three villages each by 2019. Total of eight villages by 2024. The first Adarsh
gram must be developed by 2016 and more by 2019.
Total of 6433 Adarsh Grams of 265000 gram Panchayat will be created by 2024.
Launched by by PM Narendra Modi on 11th October 2014.
SOIL HEALTH CARD SCHEME:

Govt has launched this scheme to provide every farmers a soil health. The card will carry
crop wise recommendations of nutrients/ fertilizers required for farmers to improve
productivity.
Budget allotted Rs.100 crore for issuing cards. Target 14 crore cards
DIGITAL INDIA:
The Government of India has launched the Digital India programme with the vision to
transform India into a digitally empowered society and knowledge economy. Digital India is
keyed on three key areas
Digital Infrastructure as a Utility to Every Citizen
Governance & Services on Demand
Digital Empowerment of Citizens
Pillars of Digital India
Broadband Highways
Universal Access to Phones
Public Internet Access Programme
e-Governance Reforming government through Technology
e-Kranti Electronic delivery of services
Information for All
Electronics Manufacturing Target NET ZERO Imports
IT for Jobs
Early Harvest Programmes
Launched by by PM Narendra Modi on 1st july 2015.
SKILL INDIA:
Skill India focuses on creating jobs for youth, the govt has decided to revamp the
antiquated industrial training centres that will skill over 20 lakh youth annually.and creating
500million jobs by 2020.
Launched by by PM Narendra Modi on 15th July 2015 (on occasion of world youth skills
day).
HRIDAY (National Heritage City Development and Augmentation Yojana):
The Ministry of Urban Development, Government of India, launched the (HRIDAY) scheme
on 21st January, 2015, with a focus on holistic development of heritage cities.
With a duration of 27 months (completing in March 2017) and a total outlay of Rs.500
Crores, the Scheme is being implemented in 12 identified Cities namely, Ajmer, Amaravati,
Amritsar, Badami, Dwarka, Gaya, Kanchipuram, Mathura, Puri, Varanasi, Velankanni and
Warangal.
BETI BACHAO, BETI PADHAO YOJANA:

Beti Bachao, Beti Padhao (Save girl child, educate girl child) is a Government of India
scheme that aims to generate awareness and improving the efficiency of welfare services
meant for women. The scheme was initiated with an initial corpus of Rs 100 crore
Launched by by PM Narendra Modi on 22nd January 2015
SUKHANYA SAMRIDI ACCOUNT:

The objective behind this initiative is to address the gender imbalance & create positive
environment in favor of girl child. It is the part of Beti Bachao-Beti Padhao.
Benefits of the scheme are
Highest interest rate of9.2% ( now 8.6%)

Exempted from Tax u/s 80c
The maturity of account is 21 years from date of opening account or marriage of girl child
whichever is earlier.
Initial deposit of Rs.1000 and thereafter any amount in multiple of Rs.100 can be deposited
to maximum of 1.5lakhs.
Launched By PM Narendra Modi on 22nd January 2015 from Haryana
INDRADANUSH:
Mission Indradhanush was launched to speed up the process of immunization. It aims to
immunize all children against seven vaccine preventable diseases namely diphtheria,
whooping cough (Pertussis), tetanus, polio, tuberculosis, measles and hepatitis B by 2020.
The target of full coverage is set to be achieved by the year 2020.
Launched by by Union Health Minister J.P.Nadda on 25th december 2014
Deen Dayal Upadhyaya Gram Jyoti Yojana:
DDUGJY is a Government of India scheme aimed to provide continuous power supply to
rural India.
It is one of the key initiatives of Modi Government and it aims to supply 24x7 uninterrupted
power supplies to all homes. The government plans to invest Rs 75,600 crore for rural
electrification under this scheme. The scheme will replace the existing Rajiv Gandhi
Grameen Vidyutikaran Yojana.
Deen Dayal Upadhyaya Grameen Kaushalya Yojana :
DDU-GKY is a Government of India youth employment scheme. It was launched by on 25
September 2014 by Union Minsters Nitin Gadkari and Venkaiah Naidu on the occasion of
98th birth anniversary of Pandit Deendayal Upadhyay. It aims to target youth, under the age
group of 1835 years.
PANDIT DEENDAYAL UPADHYAY SHRAMEV YOJANA:
A dedicated Shram Suvidha Portal: That would allot Labour Identification Number (LIN) to
nearly 6 lakhs units and allow them to file online compliance for 16 out of 44 labour laws
An all-new Random Inspection Scheme: Utilizing technology to eliminate human discretion
in selection of units for Inspection, and uploading of Inspection Reports within 72 hours of
inspection mandatory
Universal Account Number: Enables 4.17 crore employees to have their Provident Fund
account portable, hassle-free and universally accessible Apprentice Protsahan Yojana: Will
support manufacturing units mainly and other establishments by reimbursing 50% of the
stipend paid to apprentices during first two years of their training
Revamped Rashtriya Swasthya Bima Yojana: Introducing a Smart Card for the workers in the
unorganized sector seeded with details of two more social security schemes
AMRUT - ATAL MISSION FOR REJUVENATION AND URBAN DEVELPOMENT:
The AMRUT scheme would focus on water supply, sewerage facilities and management,
storm water drains to reduce flooding, strengthening of public transport facilities and
creating public amenities like parks and recreation clubs.
AMRUT- Upgraded version of JNNURM (Jawaharlal Nehru National Urban Renewal Mission)
SWADESH DARSHAN:
Under Swadesh Darshan, integrated development of theme based circuits has been taken
up for holistic and inclusive development which can provide engaging and complete
tourism experience to both domestic including low budget tourists and foreign tourists. The
Scheme envisages enhancement of tourist attractiveness in a sustainable manner by
developing world class infrastructure in the circuit destination.
Launched by Ministry of Tourism.
PRASAD (Pilgrimage Rejuvenation and Spiritual Augmentation Drive)
PRASAD to beautify and improve the amenities and infrastructure at pilgrimage centres of
all faiths.
Under PRASAD, initially twelve cities have been identified namely Ajmer, Amritsar, Amravati,
Dwarka, Gaya, Kedarnath, Kamakhaya, Kanchipuram, Mathura, Puri, Varanasi and
Velankanni.
Launched by Ministry of Tourism.
Mahatma Gandhi Pravasi Suraksha Yojana-MGPSY:
Mahatma Gandhi Pravasi Suraksha Yojana is a special social security scheme which includes
Pension and Life Insurance, introduced by Ministry of Overseas Indian Affairs for the
overseas Indian workers in possession of Emigration Check Required (ECR) passports. It is a
voluntary scheme designed to help workers to meet their three financial needs: saving for
retirement, saving for their return and resettlement, and providing free life insurance
offering coverage for death from natural causes.
UDAAN PROJECT:
The Special Industry Initiative J&K Udaan Scheme is to provide skills and enhance
employability of 40,000 youth over a period of five years in key high growth sectors. The
scheme is being implemented by the National Skill Development Council (NSDC) and the
corporate sector in PPP mode.
Udaan also aims to provide a platform that empowers girl students and provides them with
better learning opportunities. Human resource development (HRD) ministry programme is
designed to provide a comprehensive platform to deserving girl students aspiring to pursue
higher education in engineering and assist them to prepare for the IIT-JEE while studying in
Classes 11 and 12.
BAL SWACHH ABHIYAN:
Bal Swachhta Abhiyan is a mission launched on 14th of November 2014 to increase
awareness about the cleanliness of the children all over the India.
RANI LAXMI BAI PENSION SCHEME:
This is special pension scheme it would be given to Muzzaffarnagar riot victims by UP
government.
START UP PROGRAMME
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STAND UP INDIA SCHEME

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, today approved the
Stand Up India Scheme to promote entrepreneurship among SC/ST and Women
entrepreneurs. The Scheme is intended to facilitate at least two such projects per bank
branch, on an average one for eachcategory of entrepreneur. It is expected to benefit
atleast 2.5 lakh borrowers.
The expected date of reaching the target of at least 2.5 lakh approvals is 36 months from
the launch of the Scheme.
The Stand Up India Scheme provides for:
Refinance window through Small Industries Development Bank of India (SIDBI) with an
initial amount of Rs. 10,000 crore.
Creation of a credit guarantee mechanism through the National Credit Guarantee Trustee
Company (NCGTC).
Handholding support for borrowers both at the pre loan stage and during operations. This
would include increasing their familiarity with factoring services, registration with online
platforms and e-market places as well as sessions on best practices and problem solving.
The details of the scheme are as follows:
Focus is on handholding support for both SC/ST and Women borrowers.

The overall intent of the approval is to leverage the institutional credit structure to reach
out to these under-served sectors of the population by facilitating bank loans repayable up
to 7 years and between Rs. 10 lakh to Rs. 100 lakh for greenfield enterprises in the non farm
sector set up by such SC, ST and Women borrowers.
The loan under the scheme would be appropriately secured and backed by a credit
guarantee through a credit guarantee scheme for which Department of Financial Services
would be the settler and National Credit Guarantee Trustee Company Ltd. (NCGTC) would
be the operating agency.
Margin money of the composite loan would be up to 25%. Convergence with state
schemes is expected to reduce the actual requirement of margin money for a number of
borrowers. Over a period of time, it is proposed that a credit history of the borrower be
built up through Credit Bureaus.
Background:
The "Start up India Stand up India" initiative was announced by the PrimeMinister in his
address to the nation on 15th August, 2015. The Stand up Indiacomponent is anchored by
Department of Financial Services (DFS) to encouragegreenfield enterprises by SC/ST and
Women entrepreneurs.

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UJALA Scheme -LED based Domestic Efficient Lighting Programme as UJALA

Shri Piyush Goyal Union Minister of State (IC) for Power, Coal and New & Renewable Energy
here today announced the name UJALA for the LED based Domestic Efficient Lighting
Programme (DELP), which is currently running successfully in over 120 cities across India.
Under UJALA yojana More Than 8 Crore LED bulbs Already Distributed .
About LED based Domestic Efficient Lighting Programme (DELP)
The National LED programme was launched by the Honble Prime Minister on January 2015
with a target of replacing 77 crore incandescent lamps with LED bulbs.
UJALA is successfully running across 12 states in India namely Rajasthan, Maharashtra,
Karnataka, Kerala, Uttar Pradesh, Himachal Pradesh, Delhi, Andhra Pradesh, Puducherry,
Jharkhand, Bihar and Uttarakhand.
While more states are expected to join the initiative very soon.
Shyama Prasad Mukherji Rurban Mission
Launched: 2016February 21
Main Objective: To create 300 rural clusters across the country and strengthen financial,
job, and lifestyle facilities in rural areas.
Rurban Mission is a solution for both villages and cities in the country that would promote
growth of villages and its residents at the place where they are. Under the mission, the
government will identify and develop 300 rural clusters with urban like facilities in the next 3
years.
Sagarmala Project
Launched: 2015July 31
Main Objective: To transform the existing ports into modern world class ports.
The prime objective of the Sagarmala project is to promote port-led direct and indirect
development and to provide infrastructure to transport goods to and from ports quickly,
efficiently and cost-effectively.
The Sagarmala Project, aimed at port-led development in coastal areas, is bound to boost
the countrys economy and the government has lined up about Rs 70,000 crore for its 12
major ports only
Pradhan Mantri Khanij Kshetra Kalyan Yojana (PMKKKY)

Launched: 2015September 17
Main Objective: To Safeguard Health, Environment and Economic Conditions of the
Tribals.
Pradhan Mantri Khanij Kshetra Kalyan Yojana (PMKKKY) is meant to provide for the
welfare of areas and people affected by mining related operations, using the funds
generated by District Mineral Foundations (DMFs).
Setu Bharatam Project

Launched: 2016March 03
Main Objective: To free all national highways from railway level crossings and renovate
the old bridges on national highways by 2019.
Setu Bharatam is an ambitious programme with an investment of Rs. 50,000 crore to build
bridges for safe and seamless travel on National Highways.
208 new road over bridges / road under bridges are envisaged for construction, while
1500 bridges will be widened, rehabilitated or replaced.
Pradhan Mantri Ujwala Yojana

Launched: to be launched ,Announced
Main Objective: To distribute free LPG connections to the women belonging to 3.5 Crore
BPL families across the country.
According the estimates, about 1.50 Crore BPL families will be benefited under the scheme
in the year 2016-17. The scheme will cover 3.5 Crore more BPL families in the next two
years. The scheme provides a financial support of Rs 1600 for each LPG connection to the
BPL households.
This is the first ever welfare scheme by the Ministry of Petroleum and Natural Gas which
would benefit crores of women belonging to the poorest households.
Swarnajayanti Gram Swarozgar Yojana

A life of dignity is the right of every citizen. Poverty is an obstruction to a dignified life. Self-
employment is a significant step to have sustained incomes and remove the shackles of
poverty. Earlier programme like IRDP were good but were not adequate to meet all the
requirements. Government has now introduced an effective Self-Employment programme
Swarnajayanti Gram Swarozgar, or SGSY.
Under the SGSY, assistance is given to the poor families living below the poverty line in
rural areas for taking up self-employment. The persons taking up Self-Employment are
called swarozgaris. They may take up the activity either individually or in Groups, called the
Self-Help Groups. For successful Self-Employment, it is necessary to take up the right
activity. For this purpose, 4 to 5 activities are selected in each Block with the help of
officials, non-officials and the Bankers. These are called Key Activities, and should be
such that they give the Swarozgaris an income of Rs. 2000 per month, net of Bank loan
repayment.
Quite often, in villages, people have skills. If any BPL person feel that he/she can gainfully
take up any activity he/she should immediately approach the Sarpanch or the BDO or the
Branch Manager of the nearest Bank.
Effective Self-Employment not only means choosing the Right activity but also carrying out
the activity in the Right manner. Self-Employment involves procurement of raw material.
Production, marketing of goods and dealing with finance. A single Swarozgari may not be
able to do all this by himself/herself. It is therefore advisable for the Swarozgaris to form
Groups the Self-Help Groups. SGSY actively promotes Self-Help Groups.
E-NAM
enam 2016 relased a scheme of rashtriya krishi Bazar (NAM) on the official website which
is www.enam.gov.in this scheme is provided by the government to the farmer (KISSAN)
applicants who are interested they must registered itself this is a online process the
inauguration of rashtriya krishi Bazar will be 14th APRIL 2016 after two days this is great
opportunity for all farmer because this is helpful for kissan All India Trade Portal, National
Agricultural Markets (name) akhil bhartiye web portal NAM design this scheme on
national level for agriculture product, an integrated national agricultural products outperform
in more. This scheme is announced by the Agriculture, Cooperative Anne Farmers Welfare
Department of Agriculture Anne Farmer Welfare, and Government of India. Farmer
registered own product through online process on near market place, this scheme is
declared by a central government. The fund has been provided to the State as 100% Grant.
AIM OF enam:
In main aim of enam on the level of akhil bhartiye 400 market will be establish till March
2017 & 585 market will be also established till march 2018 till. This is great opportunity for
those entire farmers who waiting for the type of scheme which provided the benefit to
kissan.
Visits of Prime Minister Narendra Modi

Mozambique, South Africa, Tanzania & Kenya
Jul 07, 2016 - Jul 11, 2016
Prime Minister Narendra Modi would embark on a four-nation tour to Africa on July
7th. Shri Narendra Modi would visit South Africa, Tanzania, Kenya and Mozambique. The
visit is aimed at strengthening Indias ties with the African mainland. During the visit, PM
Modi would hold talks with Mozambique President Filipe Nyusi, South African President
Jacob Zuma, President John Magufuli of Tanzania and President Uhuru Kenyatta of Kenya.
PM would also reach out to the Indian diaspora in Johannesburg and Nairobi.
Uzbekistan
Jun 23, 2016 - Jun 24, 2016
Prime Minister Narendra Modi visited Tashkent, Uzbekistan from June 23-24 to attend the
SCO Summit. Prime Minister addressed the summit and expressed content about India's
membership of SCO and said that it would contribute to region's prosperity and strengthen
its security. The Prime Minister held bilateral level talks several leaders on the sidelines of
the SCO Summit and deliberated to enhance their ties with India.
Mexico
9 June 2016
After Switzerland, Mexico decided to support Indias membership to NSG during Modis trip to the
country.
Mexico recognises Indias interest in joining the Nuclear Suppliers GroupAs a country, we have a
positive and constructive backing for this. Mexican president Enrique Pena Nieto said after his
meeting with Modi.
Modi, who drove with Pena Nieto to dinner in the latters car, had only one thing to say: muchas
gracias, Senor Presidente!
United States
6-8 June 2016
Modi reached Washington DC for a two-day stay in the evening on June 6. On his first day, he
visited the Arlington Cemetery and paid homage at the Tomb of the Unknown Soldier and the
Space Shuttle Columbia Memorial.
He paid tribute to Indian-American astronaut Kalpana Chawla, who lost her life in the space shuttle
Columbia disaster on Feb. 1, 2003. He also met Indian-American astronaut Sunita Williams.
Modi met Barack Obama at the presidents office on June 7. This may be the last time the two
friends meet in the Oval Office while Obama is in power. Modi met a bunch of CEOs at the US-
India Business Council roundtable on June 7. During this meeting, Amazon founder and CEO Jeff
Bezosannounced a $3-billion investment in India, in addition to the $2 billion that his company
committed in 2014.
On June 8, Modi delivered an address at a joint meeting of the US Congress.
The sixth Indian prime minister to address Congress, Modi spoke aboutthe growing partnership
between India and the US, curbing terrorism, and yoga. Modis 48-minute speech earned 64 rounds
of applause and nine standing ovations.
Switzerland
6 June 2016
He landed next in Geneva on the evening of June 5. Modis goal was toconvince the Swiss
government to back Indias entry into the elite Nuclear Suppliers Group (NSG) that works to curb
nuclear arms proliferation. It worked.
The Indian prime minister also met industry leaders in Switzerland.
Qatar
4-5 June 2016
During his stay in Qatar, Modi wooed business leaders to invest in India and assured them that the
country is making doing business easier.
Modi also shared a meal with Indian workers at a camp in Qatar. He enquired about the health
problems they faced, particularly diabetes, one of their major concerns. Over 600,000 Indians work
in the country. Modis trip included a community programme in Qatar.
Afghanistan
4 June 2016
Modi reached his first destination June 4 and inaugurated the Salma Dam (a.k.a. Afghanistan-India
Friendship Dam) on day-one of his stay.
The $290-million (1700 Cr.) dam will provide up to 42 MW power to Afghanistans industrial hub. It
will also irrigate regions around Herat that have been ravaged by a 15-year drought. Modi was
conferred with Afghanistans highest civilian honour, the Amir Amanullah Khan Award.
South Africa 7th July to 11th
Prime Ministerwent on a four-nation tour of the African continent on July 7. His first
stop was Mozambique capital Maputo. Today, he is in South Africa where he held talks
with South African President Jacob Zuma on a wide range of issues aimed at boosting ties
in the African continent, particularly in the economic sphere.
During his five-day four-nation tour to Mozambique, South Africa, Tanzania and Kenya,
energy, food security, trade, maritime cooperation and diaspora interactions will rank
high on the Prime Ministers agenda. The Africa tour is aimed at enhancing ties with that
continent, particularly in the economic sphere and people-to-people contacts.
CURRENT NEWS
International
Worlds longest and deepest rail tunnel has inaugurated in Switzerland
Prime Minister Shri Narendra Modi jointly inaugurated the Afghan-India Friendship
Dam (Salma Dam) with President of Afghanistan Dr. Ashraf Ghani at Chist-e-Sharif in
Herat province in Western Afghanistan.
India, Australia Ink Pact to Avoid Double Social Security Contribution
Iraq declares state of emergency as protestors storm into Parliament
Wipro inaugurates Saudi's 1st all-women IT park
Nepal recalls envoy in India for alleged non-cooperation
Investments through Mauritius to be taxed from April 2017
India hold festival in Egypt to mark Tagore's birth anniversary
Taj Mahal in top 5 tourist attractions in the world and Second position in Asia: Survey
Tsai Ing-wen sworn in as new president of Taiwan
Lakhakpa becomes first woman to climb Everest seventh time
Ali Mohamed Shein is new President of Zanzibar
UN suspended Maria Sharapova as goodwill ambassador after doping allegations
Bangladeshs bank governor resigns on $81 million cyber theft
Mother Teresa to be made a saint on Sept 4
Htin Kyaw elected as first civilian President of Myanmar
Climate change could kill 500,000 adults by 2050
UNICEF & UNFPA launch Acceleration Programme to end Child Marriage
France operation Sangaris comes to an end in Central African Republic
India becomes fourth largest spender on defence
El Salvador declares drought emergency for first time ever
New York Mayor declares April 14 as Bindeshwar Pathak Day
Bronze bust of Aryabhatta unveiled at UNESCO Headquarters
Saudi Arabia and Egypt to Build Bridge Across Red Sea
Hashim Thaci Sworn In As New President Of Kosovo
Maharaja Ranjit Singh Statue ensconced in France.
Worlds largest indoor amusement park to open on 15 August in Dubai.
Sangey re-elected PM of Tibetan govt-in-exile
India, US agree in principle on sharing military logistics
Indo German Agreement on Namami Gange Signed

Europe becomes worlds first region to end malaria: WHO
Vietnam Police Chief Tran Dai Quang sworn in as President
34 countries dont have enough food for their people due to conflicts: UN
EIU Ranked Mumbai and Bangalore among Cheapest cities to live
India became second biggest investor in London
Hashim Thaci elected as President of Kosovo
EU releases 252 million euros in aid for Palestinians
London-the most expensive city to live
World's Costliest Train Station Opened In New York
National
Indias single emergency number 112 to be active from Jan 1
Gujarat Government accords minority status to Jain community
Environment Minister launches Web-Based Application on Integrated Waste Management
System
Mahesh Sharma Releases Commemorative Coin on Maharana Pratap
NDA framed NITI Aayog to replace 5-year plans with 15 year vision document
Indias first solar train set for trial run in Jodhpur
Four out of top 5 worlds most polluted cities in India, Delhi ranks 11th
Worlds largest cargo plane AN-225 Mriya lands in Hyderabad
India Post goes high-tech, geo-tags post offices on mobile app called BHUVAN
Military tourism initiative Veer Yatra launched in Pune
Worlds largest Single Rooftop Solar Power Plant inaugurated in Amritsar
Trial run of Delhi Metros new driver-less train begins
President of India inaugurated IOC in Rashtrapati Bhavan
J P Nadda launches Kayakalp Fortnight to be observed across the country in Central
Government hospitals
PM Modi launches country's 1st solar-powered e-boats in Varanasi
Tamil, Telugu, Kannada, Malayalam & Odia now classical languages of India
DRDO and Ayush join hands to impart yoga training to Defence Wing Staff
Prime Minister Narendra Modi inaugurated Krishi Unnati Mela in New Delhi
Narendra Modi to launch Asias Biggest telescope Aries in Nainital
Seventh navigational satellite IRNSS 1G launched
Mumbai to get its first Arbitration Centre
Telangana government launches M Wallet mobile App
Vidyut PRAVAH App will Empower Common People to Demand 247 Power from The States
Low cost and environment-friendly solar lighting device Solar Jyoti launched by Dr. Harsh
Vardhan
Green UP Clean UP Programme: Five crore trees to be planted in UP
Rajasthan Becomes the first state in India to clear land title Bill
Shan-E-Punjab Express Becomes the First Train Fitted with CCTV Surveillance Cameras.
Indias Maharajas Express among top rated trains globally
Delhi government launched PoochhO Carpool app to help people during odd-even scheme
Haryana Government renames Gurgaon as Gurugram
Indias first semi-high speed train Gatimaan Express flagged off
Maharashtra Gov become first to bring law against Social boycott & launched Mission Drinking
Water
India, US to collaborate on tackling offshore tax evasion
Jharkhand Government launched Bhimrao Ambedkar Awas Yojana for widows
Delhi ranked 44th among worlds 50 future-ready cities
Dhoni quits as Amrapali Brand Ambassador
Nagalands Kohima declared smoke-free city
Gujarat govt. decides to provide 10 % reservation to economically backward of higher castes
BSF to put tallest 'Tiranga' at Wagah border by January 2017
NITI Aayog launched urban management programme for capacity building of states and urban
local bodies
Indian Naval Ships Veer and Nipat Decommissioned
Rahuri in Ahmednagar Becomes First to have Digi-Locker
Worlds largest charkha displayed at IGI airport
SC/ST victims to get minimum compensation of Rs 8.5 lakh from state government
Konkani museum to be set up in Mangaluru
Government merges Rajiv Gandhi Khel Abhiyan with Khelo India
Missed call service launched for local train updates
Ceasefire in Nagaland extended by one year
Chandigarh to host this year's International Yoga Day
Union Railway Ministry to set up Rs 1 lakh crore Rashtriya Rail Sanraksha Kosh
Mumbai Noisiest city: Central Pollution Control Board
Department of Disinvestment is now DIPAM
UIDAI produced 100 crore Aadhaars
Permanent memorial to Kalam at Dilli Haat in INA
Mumbai gets its first-ever AC local train
Bihar Government imposes complete ban on alcohol
47 countries participated in Defence Expo
Government Constitutes the Board of Trade
Haryana Becomes 1st To Launch Injectable Contraceptive
Gujarat to Set up Nations First Organic Farming University
SC allows pictures of CM, Governor in govt ads
Indian Railways, PEC sign MoU to set up Kalpana Chawla Chair on geospatial technology
Himachal Pradesh becomes first state to launch green-concept based State Data Centre
Guwahati declares Gangetic River Dolphin as its city animal
Swachh Yug campaign to make gram panchayats along Ganga open defecation free
Rajasthan Government launches Mobile App RajVayu on Air Quality Index
Piyush Goyal Launches Surya Mitra Mobile App
Internet Saathi, a joint initiative of Google and Tata has launched in West Bengal
Suresh Prabhu flags off Champaran Satyagrah Express train in Bihar
Four month window to disclose black money opens
Sachin Tendulkars name to be used in Kerala Governments Anti-Drug Campaign
Suresh Prabhu launches Tiger Express train on the World Environment Day
Haryana Government launches Asias first Gyps Vulture Reintroduction Programme
Bihar CM Nitish Kumar launches Right to Public Grievance Redressal Act
Surat, Beas Indias cleanest railway stations

India to host 8th BRICS Summit, 2016
Cabinet approves Udaan scheme till 2019-20
Arogya Fair held in Goa
Arvind Kejriwal placed in Fortune 50 leaders
Germany to develop Bhubaneswar, Kochi, Coimbatore as Smart Cities
PM selects another village in Varanasi for development under SAGY
108-feet Jain Teerthankar idol enters "Guinness book of records"
Food and Hospitality fair, AAHAR 2016 inaugurates in New Delhi.
Karnataka launches Mukhyamantri Santwana Harish Yojana for free treatment to accident victims
India signs MoU to conserve Birds of Prey
National Anthem compulsory in all schools in WB
7th Governing Board meeting of Indo-German Science and Technology Centre held in New Delhi
Earthquake warning system installed at Haryana govt's building
Centre releases Rs 609 crore for upgrading prisons in eight States
Cabinet Approves Rs 8,000 Crore For Rural LPG Under PMUY Scheme
Railway minister Suresh Prabhu launches "clean my coach" service
NITI Aayog launches Women Transforming India Campaign
Govt to computerise all ration shops by 2019
Interactive Web portal Kendriya Sainik Board launched
Allahabad High Court celebrates 150th foundation year
Punjab Government ban the sale of Army uniform in the state
Mumbai Home To Most Number Of Billionaires In India
1st Raisina Dialogue Inaugurated By Sushma Swaraj In New Delhi
Chennai Gets Indias First Self Cleaning Smart Toilets
PM Narendra Modi Launches Setu Bharatam Project, To Boost Infrastructure
Kerala Government has taken first of its kind initiative by launching the Air Ambulance
RBI, Banking And Economy NEWS

RBI CUTS MATURITY OF MASALA BONDS TO THREE YEARS
The minimum maturity period for the rupee-denominated bonds issued overseas reduced
to three years from the previously stated five years.
RBI releases draft norms for universal bank licences on tap
Allowing individuals with 10 years of experience in banking and finance to apply for a
licence successful track record for at least 10 years are eligible to apply for a licence.
RBI likely to pay Rs 57,000 crore in dividends to government in 2016-17
The Reserve Bank of India is likely to pay the government Rs 57,000 crore in dividends in
2016-17, slightly less than the amount it paid in the current fiscal but much higher than that
in earlier years.
RBI unlocks 40000 crores to capitalize banks
RBI announced relaxation of certain norms in the balance sheet which will unlock 40,000
croresto support the capital requirement of Indian banks.
The Reserve Bank of India Governor, Dr. Raghuram Rajan conferred with the Central Banker
of the Year Award (Global and Asia Pacific) for 2016
RBI nod for online bidding platform for Sovereign Gold Bond scheme to BSE
Reserve bank of India asked banks to credit interest on savings accounts every quarter or
shorter than that of the fiscal.
Reserve Bank of India is mulling to issue banknotes of 1000 rupees denominations with
inset letter R in both the number panels.
Union Cabinet chaired by the Prime Minister Narendra Modi has approved the
Memorandum of Understanding (MoU) between Reserve Bank of India (RBI) and Central
Bank of United Arab Emirates (UAE) on co-operation concerning currency swap agreement.
The MoU inked in February, this year.
The Reserve Bank of India will now share its FDI details with the Intelligence Bureau and
Research and Analysis Wing to prevent the entry of Black money into the country.
RBI issues master direction on merger of private sector banks and NBFC
RBI gives nod to Bharti Airtels payments Bank Unit .GopalVittal led Bharti Airtels payments
bank venture Airtel M Commerce Services Ltd has become the first entity to receive final
approval from the Reserve Bank of India (RBI) to start a payments bank.
Reserve Bank of India has signed a pact with Bank of Israel for Information Exchange and
Banking supervision.
Nepal SBI Bank launches payment gateway
SBIs subsidiary Nepal SBI Bank has launched payment gateway to facilitate online trade and
non-trade transactions between the Himalayan nation and India.
Punjab National Bank has reported a net loss of Rs 5,370 crore in the March quarter, the
biggest ever quarterly loss in Indias bank history.
Saraswat Bank donates Rs 1 cr relief for drought in Maharashtra Indias largest urban co-
operative bank Saraswat has donated of Rs one crore towards relief work drought
conditions in various parts of Maharashtra.
DBS Bank to set up new technology hub in Hyderabad Singapore-based DBS Bank has
decided to set up its biggest technology hub outside its headquarters in Hyderabad. The
company also plans to hire about 1,500 people over the next two years.
Countrys largest lender State Bank of India has planned to merge its five associate banks
and also to merge Bharatiya Mahila Bank. All six are state-owned.
ICICI Bank signs MoU with BRICS Grouping-promoted New Development Bank
Private sector lender ICICI Bank has tied up with New Development Bank chaired by K.V.
Kamath.
Banks have to report foreign contribution to NGOs within 48 hours
All the Banks mandated to report to the central government within two days any
information on NGOs getting foreign funds.
Axis Bank launches Indias first certified green bond at London Stock Exchange
Axis Bank has launched Indias first internationally-listed certified green bond to finance
climate change solutions around the world at London Stock Exchange (LSE).
Corporation Bank gets Excellence Award on Empowering MSMEs 2016
Mangalore based Corporation Bank has been awarded with Excellence Award on
Empowering MSMEs 2016.
Harriet Tubman to appear on $20 bill, while Alexander Hamilton remains on $10 bill
Black abolitionist leader Harriet Tubman will appear on the front of the $20 bill, relocating
the slaveholding former president Andrew Jackson to its rear, and founding father
Alexander Hamilton will remain on the face of the $10 bill.
New Zealand's 'stunning' $5 bill named best banknote of the year
New Zealands five-dollar note has been named the banknote of the year for 2015, a clear
winner among nearly 40 eligible designs from a record 20 countries.
DBS Bank launches mobile-only bank
Singapore based DBS Development Bank launched a mobile-only bank in India. The
dedicated digibank uses technologies like biometrics and artificial intelligence for paperless,
signature-less and branchless bank. Website : gobsonline.in Follow on Facebook :
www.facebook/BEWALSIR
DCB Bank starts Indias first Aadhaar-based ATM
Maharashtra based Small-sized lender DCB Bank has started an Aadhaar-based ATM usage
facility in which a customer can transact using his biometric details instead of the PIN.
Germanys Development Bank KfW to provide loan assistance to metro system for Nagpur
Germanys Development Bank KfW will provide loan assistance of 3750 crore rupees for the
modern and sustainable metro system for Nagpur city.
India signs USD 100m draft export pact with IDB
India has signed a memorandum of understanding with the 56-member Islamic
Development Bank (IDB) for a possible $100 million line of credit to simplify exports to IDBs
member countries.
NDB sanctions $ 250 million for Indias renewable energy scheme
India gets a loan from the BRICSs China based New Development Bank (NDB) which gave a
$250 million funding to Canara Bank for a renewable energy project.
RBL becomes first private sector bank to open dedicated branch for Startups
RBL Bank launches Bengaluru branch exclusively for startups. The dedicated branch will
assist entrepreneurs in setting up new companies and offer banking services like foreign
exchange, remittances and cash management.
Morgan Stanley downgrades Bank of Baroda and ICICI Bank
Morgan Stanley downgraded Indias biggest private sector bank ICICI as well as state-run
Bank of Baroda, citing rising concerns about Non-Performing Assets(NPA).
Indian Overseas Bank Has Become The 1st Bank To Sell Indian Gold Coins
Indian Overseas Bank (IOB) has become the first bank to commence the sale of Indian Gold
Coin (IGC) in the domestic market.
Government is planning to infuse additional capital of about Rs. 5,050 crore in some public
sector banks this week, according to reports.
ICICI Bank launches contactless mobile pay solution iTap
ICICI Bank has launched countrys first contactless mobile payment solution iTap through
which its customers will be able to make payments by waving their cell phones near a
contactless merchant terminal.
Axis bank better placed than ICICI and other PSU Banks
Nomura reports reveal that Axis bank is better placed than ICICI and other public sector
bank in terms of corporate book profitability.
Thomas Cook India inks pact with Western Union, DCB Bank
Travel Solutions giant Thomas cook India has signed pact with Western Union Business
Solutions and DCB bank to enable international trade payments by small and medium sized
enterprises.
Yes Bank launches all-women branch in Bengaluru
Yes Bank launched an all-women operated bank branch Yes Grace on Cunningham Road in
Bengaluru aimed at offering customised banking solutions to women.
Banks disburse over Rs 1.15 lakh cr under PM Mudra Yojana
Banks have so far disbursed over Rs 1.15 lakh crore under Pradhan Mantri MUDRA Yojana
(PMMY), Financial Services Secretary Anjuly Chib Duggal said.
SBI disburses Rs 1,465 crore OROP arrears
Indias largest lender State Bank of India has released arrears worth Rs.1, 465 crore to about
7.75 lakh defence beneficiaries under OROP scheme ,the scheme is expected to cost the
government Rs 7,500 crore per
Yes Bank ink pact with Indo-Brazil chamber for strategic co-operation
In the run-up to the next BRICS Summit to be held here this year, Yes Bank today inked a
pact with the India Brazil Chamber of Commerce for cooperation in knowledge sharing,
consultancy, skill and technology.
ICICI Bank rolls out iWork@home for women employees
Indias largest private sector lender ICICI Bank has rolled out iWork@Homeprogramme for
its women employees for up to a year.
ICICI Bank ties up with Ferrari for co-branded credit card
Country's largest private sector lender ICICI said it has tied up with marquee sports car
maker Ferrari to launch co-branded credit card.
BRICS Bank to provide its first loan to India on Solar project
The NDB which is likely to begin its operations in 2 months has decided to fund for green
projects initially, with India and China in the priority list. India is likely to receive loan for its
solar project in April from the NDB.
Moody maintains SBI & IDBI ratings unchanged

Moodys Investors Service have told that the local and foreign currency deposit ratings of
State Bank of India and IDBI Bank at Baa3/P-3
MoU between Indian Army and Induslnd Bank
A Memorandum of Understanding was signed between Indian Army and Hinduja Grouped
Induslnd Bank on the Defence Salary package.
SBI granted operating licence by Myanmar Indias largest lender State Bank of India (SBI)
has been granted preliminary approval to operate Myanmar.
Capital Area Bank first to get small finance bank licence
Jalandhar based Capital Local Area Bank Limited has given small financial bank licence by
the Reserve Bank of India, The Operation of the Bank will kick start from April 13, 2016.
Corporation Bank inks pact with Universal Sompo for accident death coverage
Corporation Bank has signed a memorandum of understanding (MoU) with Universal
Sompo General Insurance Co Ltd for providing accident death coverage to its savings bank
account holders under Corp Signature, Corp Super and Corp Saral category.
SBI Launches SBI e Smart SME to offer Ecommerce Loan
State Bank of India (SBI) in partnership with e-commerce platform Snapdeal has launched
SBI e-Smart SME to provide a working capital loan for sellers on -ecommerce platforms.
Yes Bank wins inaugural Green Bond Award in UK
Indias leading private lender Yes Bank has been awarded inaugural Green Bond Pioneer
Award at a ceremony held in London, United Kingdom.
SBI opens Japan Desk in New Delhi
State Bank of India (SBI) launched Japan Desk, a first-of-its-kind initiative to facilitate
Japanese corporates looking to invest with banking and advisory services.
YES Bank, UltraCash partner to launch payments service
YES Bank has partnered UltraCash Technologies to launch payments processing through
sound waves. Website : gobsonline.in Follow on Facebook : www.facebook/BEWALSIR
HDFC Bank to sell loans to non-customers through ATMs
HDFC Bank, is now using its ATM network to grab new customers, including those of other
banks who happen to use the banks ATMs.
SBI Launches FlexiPay Home Loan Scheme For Professionals
State Bank of India introduced a new home loan scheme SBI FlexiPay Home Loan for
young working professionals/executives.
India Post payments bank to be operational from March 2017
Union IT & Communications Minister Ravi Shankar Prasad informed that India Posts
payments bank will start functioning from March 2017.
Islamic Development Bank announced to open its first branch in India at Ahmedabad
Islamic Development Bank (IDB) announced to open its first branch in India at Ahmedabad,
Gujarat. IDB is headquartered at Jeddah, Saudi Arabia.
Saraswat Bank donates Rs 1 cr relief for drought in Maharashtra Indias largest urban co-
operative bank Saraswat has donated of Rs one crore towards relief work drought
conditions in various parts of Maharashtra.
Cabinet gives ex-post facto approval to the Yes Banks proposal for increase in the FDI limit
Cabinet Committee on Economic Affairs headed by the Prime Minister Narendra Modi has
granted ex-post facto approval to the proposal of Yes Bank for scale up in the foreign
investment limit to 74% from the present foreign equity limit of 41.87%.
India, ADB sign $120 miilion loan pact for irrigation in Odisha
India and the Asian Development Bank (ADB) signed a $ 120 million loan pact to improve
irrigation and water management infrastructure in Odisha.
Japan commits loan worth 14251 crores
Japan has been providing support to India both financially and technically when it comes to
the development of Infrastructure. It has now committed a loan worth 242.2 billion yen for
the various infrastructure projects in India.
UNICEF-Kerala IMA partnership announced
UNICEF and Indian Medical Associations Kerala wing joined hands to promote safe and
healthy practices across the state for improving maternal and child health.
55,669 villages to have mobile connectivity by 2019
Union Government mulling to provide mobile connectivity in 55,669 villages by 2019 in a
phased manner.
Manamadurai-Rameswaram rail track to become first green corridor
Nearly 114 km route between Rameswaram and Manamadurai in Tamil Nadu will become
first green corridor by the end of this month.
Nalco signs MoU with BARC for research and development
National Aluminium Company (Nalco) has signed a memorandum of understanding (MoU)
with Bhabha Atomic Research Centre (BARC), Mumbai, for Research and Development
(R&D) in fields of mutual interest.
Cabinet approves pact between SEBI and FSRA Abu Dhabi
Union Cabinet chaired by Prime Minister Narendra Modi has approved signing of a pact
between markets regulator SEBI and Financial Services Regulatory Authority, Abu Dhabi for
mutual co-operation and technical assistance.
NABARD partners Germany for Food Security initiative
National Bank for Agriculture and Rural Development (Nabard) joint venture with German
government for a special programme on Soil Protection and Rehabilitation for Food
Security
IT dept launches e-portal to fast track taxpayers grievances
The Income Tax department has launched electronic grievance redressal portal called e-
nivaran to clear taxpayers grievances and ensure early resolution of their complaints in fast
track route.
Govt opens Tatkal window for faster patents to startups
Union government has opened a Tatkal window to fast-track patent proposals. Start-ups by
new applicants that fills the criteria allowed to use this route for obtaining faster clearances.
Nomura exits mutual fund JV with LIC
Tokyo based Nomura financial Services Company has wholly withdrawn its mutual fund
joint venture with LIC of India. In the aftermath LIC Nomura Mutual Fund has now been
renamed LIC Mutual Fund.
Apple announces opening of its map development centre in Hyderabad
Tech giant Apple has opened a new development center in Hyderabad which will focus on
development of Maps for iPhone, iPad, Mac and Apple Watch.
India ranks on 5th Place in forge goods trade, China on Top in the list
India ranks fifth position in the exports of Fake goods globally, while china is No.1 in the list
with a huge 63 % share in the estimated half-a-trillion dollar worldwide imports of forged
and pirated goods.
Union Government launches Startup India portal and mobile app
The Union Government has launched the Startup India portal (http://startupindia.gov.in)
and mobile application.
Union Government imposes safeguard duty on import of steel products
Union finance ministry imposed the Safeguard duty of up to 20 percent on steel imports
until March 2018 to protect domestic manufacturers from cheap Chinese imports.
India has elevated to 6th position among Worlds Top 10 Manufacturers
In accordance with the The Yearbook published by the United Nations Industrial
Development Organization (UNIDO), India has been positioned at 6th place among the
worlds 10 largest manufacturing countries.
2015 report on World Military Expenditure released by SIPRI
In accordance with the report released by Stockholm International Peace Research Institute
(SIPRI), India has been ranked at 6th Position in the 2015 report on Trends in world military
expenditure. Website : gobsonline.in Follow on Facebook : www.facebook/BEWALSIR
India retains 19th rank among top 30 global exporters
Indias rank remained unchanged at 19th in 2015 in the list of top 30 merchandise exporters
of the world, according to a WTO report. China continues to hold the top position in the list.
Nauru becomes 189th member of IMF, World Bank
South Pacific island nation Nauru has become the 189th member of the International
Monetary Fund (IMF) and the World Bank.
Reliance AMC named as Indias Best Employer Brand
In accordance with the study by Aon Hewitt, the global talent, retirement and health
solutions business, the Reliance Asset Management Company has been listed among the
best employer brands.
India worlds largest remittance recipient in 2015: World Bank
According to the World Bank India named as the worlds largest remittance recipient in
2015 despite experiencing a $ 1 billion drop from the previous year, the first decline in its
remittances since 2009. It was $68 bn
India bans import of mobile phones, milk, steel products from China
India has banned import of milk and milk products, mobile phones and some other items
from China after finding them of poor quality.
Commerce Minister Nirmala Sitharaman said in LokSabha that Some mobile phones,
which dont have International Mobile Station Equipment Id number and some steel
products have also been banned from importing from China.
Interest rate on PPF slashed from 8.7% to 8.1%
The government today cut the interest rates payable on small savings including Public
Provident Fund, PPF and Kisan Vikas Patra KVP to align them closer to market rates.
E- Haat : A Online Marketing Platform Launched By Union Government
Union Minister for Women and Child Development Maneka Sanjay Gandhi launched Mahila
e-Haat portal in New Delhi to facilitate women entrepreneurs to sell their products to
buyers.
IMF to set up data sharing centre in India
In a first for Asia, the International Monetary Fund (IMF) will set up a knowledge sharing
centre in India, to provide technical support and assistance here and to five other South
Asian nations.
IMF and India to establish SAARTAC
In a move to further strengthen the economic operations of the Nation, the Union
government led by PM Modi has joined hands with IMF to establish a Regional cooperation
centre in the Countrys capital.
TCS Recognized As Top Global Employer
Tata Consultancy Services (TCS), a leading IT services company has been recognized as a
Global Top Employer by the Top Employers Institute.
India Signs Financing Agreement with World Bank For US$ 3OO Million
A financing agreement for International Development Association (IDA) credit of US$ 300
(equivalent) for the Madhya Pradesh Higher Education Quality Improvement Project was
signed with the World Bank.
Amazon is Indias most trusted online shopping brand: Survey
World largest E-commerce player Amazon has emerged as a most trusted online Brand in
Indian market followed by India based Sanpdeal and Flipkart.
TCS Rated World's Most Powerful Brand in IT Services: Report
India's top multinational IT company Tata Consultancy Services has been rated as the
world's most powerful brand in Information Technology Services by a leading global brand
valuation firm, the company said.
Alphabet becomes The Most Valuable Public Company In The World
Googles parent company Alphabet surpassed Apple to become the most valuable U.S.
traded company in the world.
Beijing overtakes New York City as Billionaire Capital
Beijing is the new Billionaire Capital of the World. The Chinese capital has overtaken the
Big Apple as home to the most billionaires 100 to 95 according to Hurun, a Shanghai firm
that releases yearly rankings and research about the 1 per cent.
India remains worlds largest arms importer
India continues to remain the worlds largest arms importer, accounting for 14% of the
global arms imports in the 2011-2015 time frame.
World Bank to help Rajasthan in energy reforms
The World Bank has decided to lend support to the Rajasthan government on energy
reforms and a detailed project has been prepared in this regard.
India becomes 5th largest producer of e-waste in world: ASSOCHAM-KPMG study
India has become the Fifth largest producer of e-waste in the world, wastages roughly 18.5
Lakh metric tonnes of electronic waste and telecom equipment accounting for
12%.According to a study taken by ASSOCHAM and KPMG e-waste.
EPFO doubles insurance for subscribers to Rs 6 lakh
Union government has imposed the decision of retirement fund body EPFO to closely
double the maximum sum assured under its insurance scheme to Rs 6 lakh from Rs 3.6 lakh
for its 4 crore subscribers.
World Steel Association reported that India among top 10 steel importers in 2015
According to the data released by the Global Industry body World Steel Association, India
become the worlds third largest steel producer, was among the top 10 importers of the
alloy in 2015.India is 3rd largest steel producer.
No tax deduction for PF withdrawals of up to Rs. 50,000 from June 1
The government has notified that it has raised the threshold limit of PF withdrawal for
deduction of tax (TDS) from existing Rs 30,000 to Rs 50,000. So there will be no deduction
for PF withdrawals of up to rs. 50,000.
India and World Bank sign agreement for efficient bus service
The Government of India and the World Bank has signed a 9.2 million US dollar grant
agreement under the World Bank-Global Environment Facility (GEF) Programme for the
Efficient and Sustainable City Bus Service Project.
Mukesh Ambani honored with Othmer Gold Medal for Entrepreneurial Leadership
Sunil Bharti Mittal receives this years Harvard Alumni award
The India and Morocco have launched the India-Morocco Chamber of Commerce and
Industry (IMCCI) in Rabat which was inaugurated by Vice President Mohammad Hamid
Ansari and Moroccan Prime Minister Abdelilah Benkirane.
ADB, India ink $200 million loan agreement for Jharkhand roads
The Indian government and the Asian Development Bank (ADB) have signed an agreement
for a $200 million loan to upgrade 176-km roads in Jharkhand.
Parliament Passes The Insolvency and Bankruptcy Code, 2015
The National Company Law Tribunal (NCLT) will adjudicate insolvency resolution for
companies. The Debt Recovery Tribunal (DRT) will adjudicate insolvency resolution
for individuals.
Reserve Bank of India (RBI) in News
The Union Cabinet gave its ex-post facto approval to the memorandum of understanding
(MoU) between the Reserve Bank and the Central Bank of United Arab Emirates (UAE) on
co-operation on currency swap agreement
RBI releases draft norms for universal bank licences on tap

The Reserve Bank of India (RBI) released draft guidelines for on-tap licensing of universal
banks in the private sector, allowing individuals with 10 years of experience in banking and
finance to apply for a licence.
Apart from individuals, existing NBFCs controlled by residents having a successful track
record for at least 10 years are eligible to apply for a licence.
Entities in the private sector that are owned and controlled by residents and have a
successful track record for at least 10 years, provided that if such entity has total assets of
Rs 5,000 crore or more, the non-financial business of the group does not account for 40%
or more in terms of total assets in terms of gross income.
According to the draft guidelines, the initial minimum paid-up voting equity capital
required is Rs 500 crore, and thereafter the bank should maintain a minimum net worth of
Rs 500 crore at all times.
RBI to issue Rs 1000 banknotes with inset letter 'R
The Reserve Bank of India will shortly issue Rs 1000 denomination banknotes in the
Mahatma Gandhi Series-2005 with the inset letter 'R' in both the number panels.
The banknotes will also have on the obverse, all the other security features, including
ascending size of numerals, bleed lines and enlarged identification mark as well as the
signature of Dr. Raghuram G. Rajan, Governor, Reserve Bank of India.
These banknotes will also have the year of printing '2016' printed on the reverse.
RBI issues norms for branch offices by foreign entities
The Reserve Bank on 13 May said that entities from Pakistan, China, Bangladesh and four
other regions will require its prior approval to establish branch office or project office in
India.
Other countries and regions are Sri Lanka, Afghanistan,Iran and Hong Kong or Macau,
RBI said while releasing guidelines for foreign entities to open a branch office (BO) or a
liaison office (LO) or a project office (PO) in India.
Permission of RBI will also be required for opening a BO/LO/PO in Jammu and Kashmir,
North East region and Andaman & Nicobar Islands.
The approval is also required if the applicant is a Non-Government Organisation (NGO),
a Non-Profit Organisation, or a Body/ Agency/ Department of a foreign government.
It will also be needed if the principal business of the applicant falls in the four sectors --
defence, telecom, private security and information and broadcasting.
RBI proposes higher provisions, risk weight for loans exceeding threshold
The Reserve Bank of India (RBI) has said that there is a build-up of high concentration of
credit risk in the banking sector and has proposed, in a discussion paper, higher
provisioning norms if loans exceed a certain threshold.
The discussion paper proposed the new norms to be applicable from 2017-18.
The central bank has conducted an analysis of bank loans to 77,036 corporate
borrowers, of Rs.1 crore and above.
It is proposed that from 2017-18 onwards, incremental exposure of the banking system
to a specified borrower beyond the threshold limit will carry 3 per cent standard asset
provisioning and additional 75 per cent risk weight.
RBI also said that banks may subscribe to bonds issued by highly leveraged groups from
2017-18.
RBI has announced Second Bi-monthly Monetary Policy StatementReserve Bank of
India Governor Raghuram Rajan has announced the Second Bi-monthly Monetary
Policy Statement for the year 2016-17.
This time he keeps repo rate unchanged at 6.5%, reverse repo rate stays at 6.00 %, and CRR
remains at 4%. While, LAF will remain unchanged at 6.0 %, and the MSF rate and the Bank
Rate at 7.0 %.
RBI introduces Scheme for Sustainable Structuring of Stressed Assets
The Reserve Bank of India (RBI) has issued guidelines called Scheme for Sustainable
Structuring of Stressed Assets (S4A). The main aim of these guidelines is to
Strengthen the lenders ability to deal with stressed assets and

Put real assets back on track of entities facing genuine difficulties by providing an avenue
for reworking financial structure.
Key Facts: The RBI has formulated the S4A as a framework for the resolution of large
stressed accounts. The S4A determines sustainable debt level of a stressed borrower by
dividing the outstanding debt into sustainable debt and equity instruments. The sustainable
debt and equity instruments are expected to provide upside to the lenders when the
borrower turns around. The resolution plan will be prepared by credible professional
agencies in order to make sure that entire exercise is carried out in a transparent manner.
Besides, an Overseeing Committee comprising of eminent experts will be set up by the
Indian Banks Association (IBA) in consultation with the RBI. The committee will
independently review the processes involved in preparation of the resolution plan under the
S4A.
RBI unlocks 40000 crores to capitalize banks
RBI announced relaxation of certain norms in the balance sheet which will unlock 40,000
crores to support the capital requirement of Indian banks.
Key facts: Indian banks are facing a huge loss due to the increase in Non-Performing
assets which have eroded the Capital of these banks. The revised RBI norms will give public
sector banks (PSB) access to additional capital of INR 35,000 crore. It could be about INR
5,000 crore for private sector banks
RBI nod for online bidding platform for Sovereign Gold Bond scheme
BSE, Asia's oldest bourse, has received the Reserve Bank approval to start an online
bidding platform for Sovereign Gold Bond scheme.
The bond is issued by RBI on behalf of government and investors can apply for the
bonds at the price as disseminated by RBI.
NATIONAL & INTERNATIONAL FINANCIAL NEWS

India to pay 1.5% interest on $6.5 bn Iran oil dues
India has agreed to pay Iran an interest of 1.5 per cent on $6.5-billion that refiners like
Essar Oil and Mangalore Refinery owe it in oil dues, as a goodwill gesture.
Iran had sought an interest rate of Libor-plus 75 basis points on the $6.5 billion Indian
refiners owe it in past oil dues, to make up for the foreign exchange losses.
NSE to launch platform for financing SMEs against bills

The National Stock Exchange (NSE) is planning to launch a new trading platform for bill
discounting or trade receivables of micro, small and medium enterprises (MSME).
The countrys largest exchange has forged a joint venture with the Small Industries
Development Bank of India (Sidbi) for the new platform.
Kotak Mahindra Bank opens IFSC banking unit at GIFT City

Kotak Mahindra Bank Ltd became the fourth bank to open its IFSC Banking Unit (IBU) at
Indias first and only International Financial Services Centre (IFSC) at Gujarat International
Finance Tec-City (GIFT) City.
With over $250 million worth of business transactions done at IFSC in the past six
months, GIFT is attracting interest from the BFSI sector in India, especially from banks,
insurance companies and other financial services players who want to tap the global
markets.
ADB, AIIB sign landmark partnership deal in show of cooperation

Asian Infrastructure Investment Bank President Jin Liqun and Asian Development Bank
President Takehiko Nakao signed a memorandum of understanding during the Manila-
based institution's 49th annual meeting held in Frankfurt, Germany.
IDBI Bank opens IFSC Banking Unit at GIFT City
Public sector lender, IDBI Bank announced opening of its IFSC Banking Unit (IBU) at
India's first and only International Financial Services Centre (IFSC) at Gujarat International
Finance Tec - City (GIFT) near Gandhinagar.
The bank informed that it became the first Public Sector bank to start functions in GIFT-
IFSC.
Wilful defaulters one Rs 66,000 cr to govt banks

There were 7,686 wilful defaulters owing Rs 66,190 crore to state-owned banks as of
December 2015, Jayant Sinha, minister of state for finance.
Sinha also said that the total outstanding amount in top 100 non-performing accounts
(NPAs) with public sector banks (PSBs) was Rs 1.73 lakh crore as of December 2015.
IREDA may be converted into a Green Bank

State-run Indian Renewable Energy Development Agency (IREDA) might be converted
into a Green Bank to enable it to access funding from overseas banks.
IREDA might be converted in to Green Bank without under going any altercation in its
basic structure to enable it access funding from overseas banks that are currently not
supporting the solar and wind funding, barring well-known KFW
ICICI Bank signs MoU with New Development Bank

ICICI Bank has signed a Memorandum of Understanding (MoU) to establish a strategic
partnership with the New Development Bank (NDB), a multilateral development bank
established by the BRICS states, namely Brazil, Russia, India, China and South Africa.
KV Kamath, president, New Development Bank, who was the chairman of ICICI Bank
before assuming his present role.
ICICI Bank is the first Indian bank to sign an MoU with NDB.
I-T refunds worth Rs.1.22 lakh cr issued in FY16
The Income Tax Department has issued 2.1 crore refunds totalling more than Rs.1.22 lakh
crore in 2015-16, which saw 94 per cent of the returns being filed online.
During FY 2015-16, more than 2.10 crore refunds amounting to Rs.1,22,425 crore were
paid compared to Rs.1,12,188 crore in the financial year 2014-15 and Rs.89,664 crore in the
financial year 2013-14.
YES Bank gets SEBI nod to act as custodian of securities

Securities market regulator SEBI has granted in-principle approval to YES Bank for it to
act as custodian of securities (CoS).
A Custodian of Securities licence-holder allows the entity to offer custodial services to
financial market participants, including FIIs and foreign portfolio investors (FPIs).
India ranks ninth in crony-capitalism index

India is ranked at ninth position in crony-capitalism with crony sector wealth accounting
for 3.4 per cent of the gross domestic product (GDP), according to a new study by The
Economist.
In India, the non-crony sector wealth amounts to 8.3 per cent of the GDP.
Russia tops the list followed by Malaysia, the Philippines and Singapore.
ICICI Bank launches business credit card with Jet Airways

ICICI Bank on 12 May 2016 launched the countrys first contactless business credit card
in association with Jet Airways for small and mid-sized enterprises (SMEs) and their
employees.
The card is powered by the VISA payWave contactless technology that enables the
cardholder to make payments by simply tapping the card at contactless enabled terminals
in more than 48 countries, including India.
Indian economy poised to grow 7.3 % in 2016: U.N. report

be contingent on the growth trajectory of India and Iran.
China, which grew at about 6.9 per cent in 2015, will continue to witness slowdown in
growth, with its GDP projected to grow 6.4 per cent in 2016 and 6.5 per cent in 2017.
NITI Aayog to replace Nehruvian 5-year plans with 15-year vision documents
NDA government at the Centre, led by Prime Minister Narendra Modi, has decided to get
rid of the Nehruvian five-year plans, and replace them with 15-year vision documents.
The current 12th Five-Year Plan will be terminated in the current financial year, 2016-17.
The first 15-year vision document will start from 2017-18, along with a seven-year
National Development Agenda which will lay down the schemes, programmes and
strategies to achieve the long-term vision.
For the first Development Agenda, the review would be done in 2019-20, in line with the
termination year of the 14th Finance Commission.
The Five-Year Plans first started in 1951 under the country's first prime minister
Jawaharlal Nehru.
EPFO paid Rs.8,200 crore as monthly pension in 2015-16
The Employees Provident Fund Organisation (EPFO) disbursed Rs.8,200 crore as monthly
pension and Rs.47,630 crore as member benefits in 2015-16.
World Bank approves $625 m loan to support rooftop solar programme in India
The board of World Bank has approved a $625 million loan to support the central
governments programme to generate electricity from rooftop solar power plants.
The board also approved a co-financing loan of $120 million on concessional terms and
a $5 million grant from the Climate Investment Funds Clean Technology Fund.
IT dept launches e-nivaran portal to fast track taxpayers grievances

The Income Tax (IT) department has launched electronic grievance redressal system e-
nivaran to fast track taxpayer grievances and ensure early resolution of their complaints.
The e-nivaran system also called as unified grievance management system seeks to
integrate all online and physical complaints gathered by the department, which will be
monitored by the Assessing Officer of the case upto the supervisory officers in a paperless
environment.
RBS to close retail banking operations in India

Royal Bank of Scotland (RBS) will close down it's retail operations in the country which
will resulting in shutting down of 10 branches. It will exit it's retail operations in a phased
manner.
SBI seeks to take over 5 associate PSBs, Bhartiya Mahila Bank

The countrys largest lender, State Bank of India (SBI) has decided to merge its five
associate public sector banks (PSBs) and the Bharatiya Mahila Bank (BMB) with itself.
The merged entity will increase SBIs market share from 17 per cent to 22.5-23 per cent
the country with total business of over Rs. 35 lakh crore.
The merged entity will also increase branch network to 21000.
At present, SBI alone has more than 15,000 branches in the country.
Nepal SBI Bank launches payment gateway
Nepal SBI Bank, one of the largest overseas subsidiaries of SBI, has launched payment
gateway to facilitate online trade and non-trade transactions between the Himalayan nation
and India.
The Payment Gateway was inaugurated by SBI Managing Director B Sriram, and Indian
Ambassador to Nepal Ranjit Rae.
Besides, Sriram also handed over a cheque for Rs 5.21 crore to Nepal Prime Minister K P
Oli for PM Natural Disaster Relief Fund.
PNB tops list of worst losses in Indian banking history

State-run Punjab National Bank posted the largest quarterly loss ever reported by an
Indian lender after being forced to set aside more funds as bad loans more than doubled
from the year earlier.
The Delhi-based lender made a net loss of Rs 5,367 crore in the January-March quarter
compared with a profit of Rs 307 crore in the year earlier.
HDFC Bank launches SmartUp for startups

Indias second-largest private sector lender HDFC Bank has launched SmartUp, a
dedicated solution for startups to fulfil all their banking needs.
It was launched in association with a Mumbai-based start-up accelerator Zone Startups
India (ZSI).It is a complete banking solution meant for startups.It will be offering banking
and payment solutions, along with forex and advisory services to startups.
SmartUp will provide facility of current account.It will also provide HDFCs PayZapp for
business a payment and collection solution and a dedicated relationship manager.
India to grow at 7.5% in 2016, 2017: Moody's

Forecasting Indian economy to grow 7.5 per cent in the current and next year, Moody's
Investors Service said the expansion is primarily driven by rising consumption and sustained
improvement in private investment was needed to maintain the momentum.
The rating agency forecast G20 emerging markets growth at 4.2 per cent for 2016 and
4.8 per cent for 2017 compared with 4.4 per cent in 2015.
It maintained expectation of Chinese economy gradually slowing down to around 6.3 per
cent in 2016 from 6.9 per cent in 2015, with significant fiscal and monetary policy support.
IFC likely to invest $68 million in Apollo Hospitals' subsidiary
International Finance Corporation (IFC), an arm of the World Bank, is likely to invest $68
million in India's Apollo Health & Lifestyle Limited (AHLL).
AHLL is a subsidiary of Apollo Health Enterprises Limited and includes a network of
primary healthcare clinics across the country.
This investment is part of the overall raise of $135 million or Rs 900 crore.
IFC is considering an equity investment of approximately $68 million, including

approximately $34 million for its own account and approximately $34 million for IFC's Asset
Management Company.
SEBI tightens P-note norms

The market regulator Securities and Exchange Board of India (SEBI) has tightened the
Participatory Notes (P-note) norms.
Participatory Notes are offshore/overseas derivative instruments (ODIs) issued by
registered foreign institutional investors (FII) to overseas investors.
India Post payments bank will be functional by March 17

India Post's payments bank will start functioning from March 2017 and serve as a wider
platform to implement financial inclusion programmes.
India, World Bank ink US$ 100 million loan agreement

India and World Bank have signed the Loan and Project Agreements for World Bank
(IBRD) assistance of US 100 million dollars for Karnataka Urban Water Supply Modernization
project.
The project has four broad components: (i) Capital Investment Program (ii) Technical
Assistance for Sector Development (iii) Institution Building and (iv) Project Management.
Govt revises norms of Performance in Credit Rating Scheme
Government approved the revision in guidelines of the Performance in Credit Rating
Scheme, aiming to increase its credibility and effectiveness for both borrowers and banks.
For turnover up to Rs 50 lakh, the fee to be reimbursed by the MSME Ministry will
constitute 75 per cent of the fee charged by the rating agency subject to a ceiling Rs 15,000.
For turnover between Rs 50 lakh and 2 crore, the fee to be reimbursed will be 75 per cent
of the fee charged by the rating agency subject to a ceiling of Rs 30,000.
Similarly, for micro and small enterprises having turnover above Rs 2 crore, the fee to be
reimbursed will be 75 per cent of the fee charged by the rating agency subject to a ceiling
of Rs 40,000.
Govt waives over Rs 9,000-cr loans of HFCL

Union Cabinet on May 26 waived off loans worth more than Rs 9,079 crore owed by
Hindustan Fertilizer Corporation Ltd (HFCL) as part of a financial restructuring package for
the PSU.
The Cabinet also approved transfer of 56 acres of ash dyke land of Barauni unit to Bihar
State Power Generation Company Ltd to settle dues of HFCL for faster revival of the unit.
Yes Bank gets nod for raising FDI limit to 74%

The Cabinet Committee on Economic Affairs approved Yes Banks request for an increase
in the foreign investment limit to 74 per cent from the existing limit of 41.87 per cent
without any sub-limits.
This will result in a foreign direct investment of $1 billion (approximately Rs.6,885 crore)
in the country.
Islamic banking to debut in Gujarat
Jeddah-based Islamic Development Bank (IDB) is set to start its India operations from
Gujarat.
The international financial institution from Saudi Arabia has chosen Gujarat to set up its
first branch in India.
IDB's main objective is to foster the economic development and social progress of
member countries as well as the Muslim community in accordance with principles of
Shariah (Islamic law).The bank has 56 Islamic countries as its members.IDB had signed a
$55-million pact with Rashtriya Institute of Skill and Education (RISE) to provide medical
care to rural poor in India.
EPFO doubles insurance for subscribers to Rs 6 lakh

The government has finally enforced the decision of retirement fund body EPFO to
almost double the maximum sum assured under its insurance scheme to Rs 6 lakh for its 4
crore subscribers.
In September, Employee Provident Fund Organisation's apex decision making body
Central Board of Trustees (CBT) had decided to increase benefits under the Employees'
Deposit Linked Insurance ( EDLI ) scheme from Rs 3.6 lakh to Rs 6 lakh.
Besides, he said, the decision to provide 8.8 per cent rate of interest to over 4 crore EPFO
subscribers for 2015-16 has also been notified.
Cabinet nod for rail infra projects worth Rs 10,736 cr

Railway projects worth Rs 10,736 crore were cleared by the government for improving
infrastructure in various states, including Uttar Pradesh and Gujarat that go to polls next
year.
The projects, including three for doubling of existing rail lines for 763 kms and two
for laying a third rail line on busy routes for 514 kms, were cleared by the Cabinet
Committee on Economic Affairs (CCEA) at its meeting chaired by Prime Minister
Narendra Modi.
In Gujarat the CCEA has given approval for doubling of Surendranagar-Rajkot project at
an estimated cost of Rs 1,002.39 crore with expected completion cost of Rs 1,137.17 crore
with 5 per cent escalation per annum.
The length of the railway line will be 116.17 kms. The completion period of the project
will be four years.
Number of public sector banks to come down to 8-10
Minister of State for Finance Jayant Sinha on May 27 said that the number of PSU banks
will come down dramatically from 27 to around 8-10 once the "dust settles" and the
consolidation phase ends.
Currently, the number of inactive accounts are 22 crore, compared to 70 crore a few
months back.
Indian economy to grow 7.7% in current fiscal: Survey

Indian economy will grow 7.7 per cent in the ongoing fiscal (2016-17) amid likely
improvement in the industrial and agricultural sectors' performance on account of good
monsoon, though the investment cycle is expected to take at least 6 months to witness a
pick-up according to the the Federation of Indian Chambers of Commerce and Industry's
Economic Outlook Survey.
The Reserve Bank last month had forecast a 7.6 per cent growth for the current fiscal on
the back of favourable monsoon, a notch lower than the upper end of government's range
of 7 per cent to 7.75 per cent.
Industrial growth is expected to grow by 7.1 per cent in 2016-17, while services sector
growth is estimated at 9.6 per cent.
YES Bank, Click&Pay team up for cashless transactions

YES Bank has joined hands with Click&Pay to offer cashless, secure and flexible
transactions for its customers.
The start-up allows its customers to pay at designated shops with just one click and help
them find special offers in the locality.
SBI launches card-less payment solution for offline transactions

State Bank of India, the country's largest public sector bank, has launched a mobile
payment solution that will enable customers to make digital payments at offline stores by
scanning a QR (quick response) code on their smartphones.
The service has been launched in Bengaluru with a sizable number of merchants and will
soon expand into other cities.
Projects worth Rs. 2446 Crore approved under Namami Gange Programme
Giving a major fillip to Namami Gange programme the Empowered Steering Committee
(ESC) of the National Ganga River Basin Authority (NGRBA) has approved projects for
Development of Ghats and crematoria in the stretch from Haridwar to Uttarakhand Border
in Uttarakhand, Garhmukteshwar in UP, Buxar, Hajipur and Sonepur of Bihar, Sahibganj,
Rajmahal and Kanhaiya Ghat of Jharkhand and Delhi and afforestation along the banks of
river Ganga.
The total estimated cost of the projects is Rs. 2446 crore.
Cabinet approves pact between SEBI , FSRA Abu Dhabi
The Union Cabinet approved signing of a pact between markets regulator Sebi and
Financial Services Regulatory Authority, Abu Dhabi for mutual co-operation and technical
assistance.
It will promote further development of economic links and cooperation between the two
signatories and will help create conditions for development of securities markets in the two
countries
Cabinet approves country's first IPR policy
The Cabinet has approved the national intellectual property rights (IPR) policy with a
view to promoting creativity, innovation and entrepreneurship.
It aims to create awareness about economic, social and cultural benefits of IPRs among
all sections of society.
NHAI awards Rs.2,640-cr Gujarat projects

The National Highways Authority of India (NHAI) has picked builders for four-laning the
Bhavnagar-Somnath national highway stretch in Gujarat at a cost of Rs.2,640 crore.
The road connects religious and tourist places such as the Island of Diu, Somnath
Temple, Gir National Park, Porbandar and Dwarka.
India to develop regional connectivity projects worth $5 billion in South Asia
India is planning to develop regional connectivity projects worth $5 billion in South Asia,
Economic Affairs Secretary Shaktikanta Das told at the South Asia Sub-regional Economic
Cooperation (SASEC) 2025 workshop.
The South Asia Sub-regional Economic Cooperation (SASEC) Program brings together
Bangladesh, Bhutan, India, the Maldives, Nepal, and Sri Lanka and is supported by the Asian
Development Bank (ADB).
India, China and four others courtiers sign pact on tax info sharing
India and other 5 countries viz. Canada, Iceland, Israel, New Zealand and China have
signed OECDs (Organisation for Economic Co-operation and Development) Multilateral
Competent Authority Agreement in Beijing (China).
The multilateral agreement aims at boosting automatic exchange of information on tax
issues and developing new tools to tackle the tax evasion.
World Bank launches $500 million insurance fund to fight pandemics

The World Bank is launching a $500 million, fast-disbursing insurance fund to combat
deadly pandemics in poor countries, creating the world's first insurance market for
pandemic risk
Japan has committed the first $50 million towards the facility, which will combine
funding from reinsurance markets with the proceeds of a new type of World Bank-issued
high-yield pandemic catastrophe bond, the bank said.
The facility was developed in conjunction with the World Health Organization and
reinsurers Swiss Re and Munich Re, which are acting as insurance providers.
Paytm ties up with Wipro for payments bank

Paytm, India's largest mobile payments, has joined hands with Wipro Ltd to create the
requisite technology infrastructure for its upcoming payments bank business.
According to Paytm, Wipro will be implementing the core banking solution for Paytm
and also programme managing the integration of other key systems like the anti-money
laundering solution and the regulatory reporting solution.
Paytm had received an in-principle approval to set up a payments bank in August last
year.
Payments banks can accept demand deposits and savings bank deposits from individuals
and small businesses, up to a maximum of Rs 1 lakh per account.
India chases to 41st slot on competitiveness ranking
India rose its and standard and ranked at 41st position on the IMD World
Competitiveness Scoreboard, 2016.
Hong Kong takes the place of US by the Worlds most competitive economy.
SBI, ICICI Bank heads among four Indians in Forbes Powerful Women list
Four Indian women, including SBI Managing director Arundhati Bhattacharya and ICICI
Bank Managing director Chanda Kochhar, are in the new list of Forbes worlds 100 most
powerful women who are building billion-dollar brands and calling the shots in the financial
markets.
The Forbes 100 Most Powerful Women in the world list 2016, topped by German
Chancellor Angela Merkel.
Bhattacharya, ranked 25th on the list. While Kochhar comes in at the 40th spot.
However, Mazumdar-Shaw is ranked 77th on the list and Bhartia is ranked 93rd on the list.
Nooyi is ranked 14th on the list.
Union Government announced new Print Media Advertisement policy
Ministry of Information and Broadcasting has announced new Print Media Advertisement
Policy for Directorate of Advertising and Visual Publicity to Focus Transparency and Equity.
Its main Objective is to Promote transparency and accountability in issuing of
advertisements in Print Media.
Four month window to disclose black money opens

The Income Declaration Scheme which seeks to provide an opportunity to all person
who have not declared their income correctly in previous years to come forward and declare
undisclosed incomes, will open today and will remain in force till 30th of September, 2016.
The Scheme is part of Finance Act, 2016 and will provide an opportunity to domestic
black money holders to come clean by paying tax and penalty of 45 % on undisclosed
assets.
Aadhaar to be linked with caste, domicile certificates

Union Government in June 2016 asked all state governments to link Aadhaar with caste
and domicile certificates of school students. Under first-of-its-kind initiative, the states have
been asked to ensure that such certificates are issued within 60 days time to the students
when they are studying either in Class V or VIII.
To make sure that the scholarships will be granted on time to students belonging to
Scheduled Caste and Scheduled Tribes and without causing any harassment to SC/STs
students. There have been complaints of delay in grant of scholarships and harassment.
To facilitate access of bona fide candidates belonging to Scheduled Castes and
Scheduled Tribes to the reserved posts and services under the State or Central
governments.
To secure admission in educational institutions and get other facilities.

Andhra Pradesh joins UDAY scheme Andhra Pradesh became the 13th State to sign the
agreement and formally join the Central scheme for reviving financially-stressed electricity
distribution utilities, called the Ujwal DISCOM Assurance Yojana (UDAY).
This move will help Andhra Pradeshs electricity sector get a Rs. 4,400 crore benefit over
the next three financial years.
World Bank releases India Development Update 2016

The World Bank Group on 20 June 2016 released the mid-year edition of India
Development Update 2016: Financing Double-Digit Growth. The report finds that Indias
economy expanded at a faster pace in FY 2016.
It expects Indias economic growth to be at 7.6 percent in 2016-2017, followed by a
modest acceleration to 7.7 percent in 2017-2018 and 7.8 percent in 2018-2019.
India, ADB sign $120 miilion loan pact for irrigation in Odisha
India and the Asian Development Bank (ADB) signed a $ 120 million loan pact to improve
irrigation and water management infrastructure in Odisha.
The soft loan is the second tranche of a $ 157.5 million financing facility under the Orissa
Integrated Irrigated Agriculture and Water Management Investment Program.
Axis Bank launches Indias first certified green bond at London Stock Exchange
climate change solutions around the world at London Stock Exchange (LSE).
The proceeds of the bond will be invested by Axis Bank in green energy, transportation,
and infrastructure projects. The green bonds of Axis Bank were certified by the Climate
Bonds Standards Board.
IMF releases $1.5 billion loan to Sri LankaInternational Monetary Fund (IMF) formally
approved the loan to Sri Lanka = to support the South Asian island nation's economic
reform agenda.
The Executive Board of the IMF accepted this 36-month extended arrangement under its
Extended Fund Facility (EFF) with Sri Lanka under special drawing rights.
The IMF has signed off on the loan with the first tranche of $168.1 million released and
the remainder available in six instalments subject to quarterly reviews.
SBI, Spain's Caixa Bank ink pact to fund Indo-Spanish JVs, local business
SBI and Spain's CaixaBank have inked pact to provide loans to Indo-Spanish joint
ventures and local enterprises here.
State Bank of India (SBI) and CaixaBank have signed a memorandum of agreement to
enhance business synergies.
As per the agreement, they will expand banks' guarantee transaction businesses by
jointly providing credit to Indian-Spanish joint ventures and Indian local enterprises, SBI said
in a statement.
The banks will also cooperate through introduction of business opportunities and
partnering on possible infrastructure funds
Amazon, Flipkart, Snapdeal top 3 sites for sellers: Nielsen

The government has made a selection committee headed by cabinet secretary P K Sinha
to shortlist the candidates for Reserve Bank of India governor post.
The decision in this regard was taken earlier by the Prime Minister in consultation with
the finance minister.
No tax deduction for PF withdrawals of up to Rs. 50,000 from June 1
The government has notified that it has raised the threshold limit of PF withdrawal for
deduction of tax (TDS) from existing Rs 30,000 to Rs 50,000. So there will be no deduction
for PF withdrawals of up to rs. 50,000.
Also, no tax is deducted if employee withdraws PF after a period of five years. The
provision will come into effect from June 1, 2016.
Nomura lowers India's GDP growth to 7.7% for FY17

Nomura today marked down India's GDP growth forecast marginally to 7.7 per cent for
the current fiscal, from 7.8 per cent earlier, saying there is still no sign of an export or
private capex turnaround.
The Indian economy grew at 7.9 per cent in the fourth quarter of 2015-16 taking the
overall GDP growth for the last fiscal to a five-year high of 7.6 per cent.
Nomura said the headline GDP data suggests that the underlying recovery continues at a
gradual pace but it is narrowly based, driven primarily by private consumption.
India and World Bank sign agreement for efficient bus service
The Government of India and the World Bank has signed a 9.2 million US dollar grant
agreement under the World Bank-Global Environment Facility (GEF) Programme for the
Efficient and Sustainable City Bus Service Project.
The project aims to improve the efficiency of the transport and reduce greenhouse gas
emissions in selected Indian cities which include- Chandigarh, Jaipur and Mira Bhayandar
municipality in the Thane district of Maharashtra.
The IBRD will be the implementing agency of the GEF for the project. The total cost of
the programme is $113 million, out of which $9.2 million will come as a grant from the
World Bank and $103.07 million will be funded by the Centre, state and city governments
for the funding of buses and ancillary infrastructure.
Union Government approved setting up of India Post Payments Bank

Union Government headed by Prime Minister Narendra Modi has given its approval for
setting up the India Post Payments Bank (IPPB) as a Public Limited Company under the
Department of Posts with 100% Government of India (GOI) equity share.
Total Expenditure incurred will be Rs. 800 Crore. Beneficiaries will be all Indian Citizens
and 40% of the Countrys People in outside the country.
ADB, India ink $200 million loan agreement for Jharkhand roads
The Indian government and the Asian Development Bank (ADB) have signed an
agreement for a $200 million loan to upgrade 176-km roads in Jharkhand.
The agreement will help upgrade the existing sections of four state roads and also
support improvements in the design, safety and maintenance of the road network.
DCB Bank launches Aadhaar enabled ATM in Bengaluru

DCB Bank launched Bengaluru's first ATM that accepts Aadhaar number and Aadhaar
fingerprint (biometric) instead of ATM/Debit Card and PIN to dispense cash.
The "cardless and PIN less" ATM was launched by former Chairman of the Unique
Identification Authority of India, Nandan Nilekani.
Cabinet approves SBI takeover of unitsA cabinet chaired by Prime Minister Narendra
Modi has approved the takeover by State Bank of India (SBI) of several subsidiaries.
As earlier proposed, SBI wants to take over five units that had been running at arms-
length, as well as state-run Bharatiya Mahila Bank.
The merged entity will create a banking giant, which can compete with the largest in the
world with an asset base of almost Rs 37 lakh crore, with 22,500 branches and 58,000 ATMs
as on December 2015.
SBI alone has close to 16,500 branches, including 198 foreign offices spread across 36
countries.
Florida bank issues first US credit card for use in Cuba

A small regional Florida bank, Stonegate Bank has made history by issuing the first credit
card that can be used in Cuba. That could make it easier for Americans to travel and work
on an island largely.
Until now, Americans have generally had to bring cash to Cuba and change it either at
state institutions that impose a 10 percent penalty on the dollar or in informal exchanges
with locals.
State Bank of India creates a dedicated Rs 200 crore fund for Fintech startups Indias
largest public sector lender State Bank of India has created IT innovations and startup
fund and have allotted Rs 200 crore for investment in promising startups.
The fund would be covering upto Rs 3 crore for any India registered entity for their
business promotion in India using information technology for banking.
Max Life, Max Fin Services to merge into HDFC Standard Life
HDFC Standard Life and Max Life and Max Financial Services are entered into merger
agreement that will create the largest private player in Indias insurance sector.
The proposed merger between the companies will create an entity with assets worth over
Rs 1 lakh crore.
A combination of the entities would be overtaking ICICI Prudential Life Insurance Co. Ltd
The agreement facilitates for a commonly agreed exclusivity period for due diligence
and discussions between the parties in relation to a proposed transaction.
Boeing, Tata to set up joint aerospace facility in Hyderabad Union Defence Minister
Manohar Parrikar laid the foundation stone of Tata Boeing Aerospace Limited (TBAL)
which will be set up under the governments Make in India initiative in Hyderabad.
Upon this American player Boeing and Tata Advanced Systems Limited (TASL) jointly to
set up a facility to co-produce Boeing AH-64 Apache helicopter fuselages and other aero
structures at the aerospace Special Economic Zone (SEZ) at Adibatla in Hyderabad.
The production facility will eventually be the only producer of AH-64 which is the worlds
most advanced multi-role combat helicopter and used by the US forces as well as many
other countries, including India.
Union Government approves 100% FDI in Aviation, Defence and e-commerce sectors
The Union Government has radically liberalized the foreign direct investment (FDI) norms
by permitting 100 % FDI under government approval route for almost every sector
including defence to give impetus to job creation and ease of doing business in the country.
Currrent 49% FDI in broadcasting sector has now been extended to 100 % with the
ammendments in rules.
While, FDI in defence will only be allowed for small arms and their parts, according to
Arms Act, 1959.
SBI in 'Hall of Shame' of banks funding cluster bomb makers

State-run banking behemoth SBI has been named in a 'Hall of Shame' list of 158 banking
and financial institutions globally that have invested billions of dollars in companies making
cluster bombs.
State Bank of India (SBI) is the only Indian entity on the list, which includes global giants
like JP Morgan, Barclays, Bank of America and Credit Suisse.
They invested over $28 billion in seven producers of cluster munitions between June
2012 and April 2016.
RBI releases framework on payments systems
Reserve Bank of India (RBI) has released its much awaited 'Vision-2018' document.
The Payment and Settlement Systems in India: Vision-2018 aims at building best of class
payment and settlement systems for a less-cash India and ensuring access to mobile
banking services to even basic phone users.
RBI expects the Vision to result in a continued decrease in the share of paper-based
clearing instruments.
Tech Mahindra Ltd acquires UK-based BIO Agency Ltd Technology services provider Tech
Mahindra Ltd (TechM) has acquired UK-based digital transformation firm The BIO Agency
Ltd for 4.5 crore pound(45 million).
Tech Mahindra will acquire 100 percent of shares of the company. The move will help
Tech Mahindra to strengthen its digital portfolio in providing better digital strategy, services
and customer experience.
The acquision is expected to be in July this year.
ADB approved $500-million loan for river bridge in Bihar ADB, multilateral lending
agency based in Manila, Philippines, has approved a 500 million dollars loan to build a
bridge across the Ganga River in Bihar.
The loan funds will be used to build 9.8 km road bridge in Bihar on the Ganga River. On
completion of the project it will be the Indias longest river bridge.
The new river bridge will provide a vital transport link between the northern and
southern parts of the state and neighbouring Nepal.
AIIB approves first loans for projects in four countries

The China-led Asian Infrastructure Investment Bank (AIIB) has approved first set of loans
totaling US 509 million dollars to finance projects in four countries namely- Bangladesh,
Pakistan, Indonesia, and Tajikistan.
These loans for the four projects were approved in Board of Directors meeting of AIIB
held at its headquarters in Beijing, China.
AIIB was founded last year with an authorized capital of $ 100 billion. China is the
largest shareholder with 26.6 percent of the voting shares. India is the second largest
shareholder with 7.5 percent share. Russia's share in the bank is 5.93 percent, while
Germany's 4.5 percent.
World Bank approves $63 million for Tejaswini Project in Jharkhand
The World Bank Board approved the 63 million US dollar project, Tejaswini:
Socioeconomic Empowerment of Adolescent Girls and Young Women in Jharkhand.
Tejaswini is the first World Bank project in India that is solely focused on the welfare of
adolescent girls and young women.
The project will support adolescent girls and young women between the ages of 14 and
24 to complete their secondary level education. It will also help them to acquire relevant
skills for the job market.
Japan to lend Rs.14,000 crore for Indian projects

The Government of Japan has committed a loan of JPY 242.2 billion (around Rs.14,251
crore) for various projects across India, including Jharkhand, Odisha, Madhya Pradesh and
the North East.
2. NSE launches Nifty MidSmallcap 400 index

NSE has launched a new Nifty MidSmallcap 400 index, which will represent the mid and
small market capitalisation segments of the stock market.India Index Services and Products,
an NSE group company which manages the index, said that the index will be added to the
exchanges family of broad market indices.
The Nifty MidSmallcap 400 is a well-representative index consisting of 150 midcap and
250 smallcap stocks across 18 sectors.
Union Govt imposes safeguard duty on import of steel products

The Union Finance Minister has extended the safeguard duty on import of some steel
products by two years i.e till March 2018.
In this regard, the Central Board of Excise and Customs (CBEC) has issued a notification
mentioning that safeguard duty will be reduced to 10% in stages till 2008 from current 20%.
India seeks $500M AIIB loan for solar power projects in 2016
India expects to get one of the first loans for its solar power projects from Asian
Infrastructure Investment Bank (AIIB) later this year.
The China-led AIIB which has authorized capital of $100bn plans to join global clean-
energy initiatives by funding into eco-friendly investment projects.
India being banks second major shareholder after China will borrow to back PM Modis
ambitious plan of increasing solar capacity to 100 gigawatts by 2022.
India signs $100 million draft export pact with ICD

India has signed an agreement with the Islamic Development Bank (IDB) for a possible
$100 million line of credit to facilitate exports to IDB's member countries.
The memorandum of understanding (MoU) was inked between the IDB's private sector
arm, the Islamic Corporation for the Development of the Private Sector (ICD) and the
Export-Import Bank of India (EXIM Bank), a specialised financial institution, wholly owned by
the government of India to finance and facilitate foreign trade.
ICD's mandate is to support economic development and promote the development of
the private sector in its member countries through providing financing facilities and
investments which are in accordance with the principles of Sharia.
WTO cuts 2016 global trade forecast to 2.8%

The World Trade Organization (WTO) has revised its 2016 global trade updated forecast
for 2016 downward by more than one percentage point to 2.8% from 3.9%.
The main reasons for cutting the forecast rate is slowdown in China and broad market
volatility that continues to threaten growth.
SIDBI signs MoU with LIC for Fund-of-Fund operations
In a bid to boost the startup ecosystem in the country, Small Industries Development
Bank of India (SIDBI) signed a Memorandum of Understanding [MoU] with Life
Insurance Corporation of India (LIC) for supplementing Governments efforts under Fund-
of-Fund operations for the Venture Fund industry.
The MoU was executed with LIC for contributing to the corpus of MSME focused venture
capital funds along with India Aspiration Fund (IAF) being managed by SIDBI.
As part of its Fund-of-Fund operations, SIDBI has set up IAF with a corpus of Rs.2,000
crore pursuant to budget announcement of 2015.
$200-mn pact inked to study TAPI project
Shareholders of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) Pipeline Company
Limited signed an agreement to invest $200 million in studies and engineering for the $10
billion project to transport natural gas to energy-hungry countries like India.
Federal BankPhillip Capital tie-up announced at Singapore

Kerala based private sector lender Federal Bank, tied up with Phillip Capital (India), a
subsidiary of the Singapore headquartered Phillip Capital group, for managing the NRI
Portfolio Investment Scheme (PIS).
PIS is a route designated by the Reserve Bank of India for Non-Resident Indians ( NRIs)
and Persons of Indian Origin (PIOs) to invest in Indian Equity Markets for purchase of shares
and convertible debentures listed on registered stock exchanges in India.
India links $20 bn investment in Tehran to favourable terms

Stepping up its energy ties with Iran, India has lined up USD 20 billion as investment in
oil and gas as well as petrochemical and fertiliser projects in the Persian Gulf country
subject to provision of concessional rights.
Oil Minister Dharmendra Pradhan, on a two-day visit to Tehran from April 9, also
discussed with his Iranian counterpart the repayment of nearly USD 6.5 billion that Indian
refiners owe to Iran, but there is no agreement yet on rights to develop Farzad-B gas field in
the Persian Gulf discovered by OVL.
IMF retains India's GDP forecast at 7.5% for 2016-17

Retaining its 7.5 per cent GDP expansion forecast for India in 2016 and 2017, IMF on 12
April 2016 asked the government to cut down subsidies, initiate labour reforms and
dismantle infrastructure bottlenecks to sustain strong growth.
In its World Economic Outlook, the International Monetary Fund (IMF) said India should
continue fiscal consolidation, underpinned by revenue reforms and further reduction in
subsidies.
IMF, however, upgraded its China growth forecast by 0.2 percentage point for this year
and the next to 6.5 per cent and 6.2 per cent, respectively.
Federal Bank launches campus wallet for students
Federal Bank ties up with Chillar Payment Solutions Pvt. Ltd., a technology driven start-up
company to promote the start-up's technology product - 'Campus Wallet'.
This is a student Identity Card integrated with banking technology.
Campus Wallet is a futuristic ID card that facilitates students to make petty payments
within their school/college campus without opening a bank account.
India worlds largest remittance recipient in 2015: World Bank

As per recently report of World Bank, India remained the worlds largest remittance
recipient in 2015.In 2015, India attracted about 69 billion US dollars in remittances, down
from 70 billion in 2014.
NPCI launches Unified Payments Interface

The National Payments Corporation of India (NPCI) has launched Unified Payments
Interface (UPI) to revolutionise mobile payment system in the country.
It was launched by the Reserve Bank of India (RBI) Governor Raghuram Rajan.
29 banks have agreed to join the platform.
UPI seeks to provide uniform mobile payment system by leveraging digital trends such
as increasing smart phone adoption and deeper penetration of mobile data.
Nauru becomes 189th member of IMF, World BankThe Republic of Nauru, a tiny
South Pacific island nation in Pacific Ocean became the 189th member of the
International Monetary Fund (IMF) and World Bank i.e. Bretton-Woods institutions.
Its initial subscription quota for IMF will be of SDR (Special Drawing rights) 2 million or
about $2.81 million.It will be the second smallest member of the Fund, after Tuvalu.
The capital of The Republic of Nauru is Yaren District.
World Bank and AIIB Sign First Co-Financing Framework Agreement
World Bank Group President Jim Yong Kim and Asian Infrastructure Investment Bank
President Jin Liqun today signed the first co-financing framework agreement between the
two institutions.
The agreement outlines the co-financing parameters of World Bank-AIIB investment
projects, and paves the way for the two institutions to jointly develop projects this year.
In 2016, the AIIB expects to approve about $1.2 billion in financing, with World Bank joint
projects anticipated to account for a sizable share.
BRICS bank disburses $250 million loan for renewable energy project to Canara Bank
India was among the first four countries to get a loan from the newly established BRICS
New Development Bank which gave a USD 250 million funding to Canara Bank for a
renewable energy project.
The China-based NDB has approved four green renewable energy projects from India,
China, Brazil and South Africa entailing Bank financing of USD 811 million.
G20 Countries seek to crackdown on tax havens, terror financing
The G20 countries including India have sought a crackdown on tax heavens, shell
companies and terror financing in the wake of the Panama Papers scandalPSU bank OBC
to raise over Rs 178 crore via issue of shares to LIC .
Public sector lender Oriental Bank of Commerce (OBC) on 16 April 2016 said it will raise
over Rs 178 crore by issuing shares to LIC on a preferential basis.
Banks to share all transaction details in standard format

A standard format has been designed for banks to share transaction related details with
revenue intelligence and central security agencies looking into money laundering and
financial fraud cases.
RBL becomes first private sector bank to open dedicated branch for startups
The RBL Bank (formerly Ratnakar Bank) became the first private sector bank in India to
open dedicated branch for startups.
The dedicated branch was inaugurated at Koramangala, Bengaluru by Nandan Nilekani,
noted entrepreneur and former chairman of UIDAI.
Government rolls back restrictions on withdrawal of provident fund

Bowing to pressure from trade unions, the government has set aside the controversial
provident fund (PF) withdrawal norms that had restricted complete withdrawal from PF
account before the retirement age of 58 years.
The February 10 notification had restricted the withdrawal of employers' contribution of
3.67% and interest earned on it under the EPF scheme till retirement or 58 years instead of
54 years earlier.
India pips China as top FDI destination in 2015

According to FDI Intelligence Report India has replaced China as the top Foreign Direct
Investment (FDI) destination by attracting $63 billion worth FDI projects in 2015.
FDI Intelligence is a division of international media company The Financial Times
Limited. India was the highest-ranked country by capital investment in the year 2015, with
63 billion dollars-worth of FDI projects announced.
Gujarat was the top destination for FDI in 2015 in India which had attracted $12.4 billion.
Maharashtra was second attracting $8.3 billion respectively in 2015.
Fin. Minister approves 8.7% interest on EPF for 2015-16 The Finance Ministry has
approved 8.7 per cent interest on PF deposits for over 5 crore subscribers of retirement
body EPFO, lower than 8.8 per cent decided by the Central Board of Trustees (CBT).
governor of the Reserve Bank of New Zealand.

Experian India unveils fraud detection mechanism
Experian, the global information services company, launched the Hunter Fraud Score, a
new scoring mechanism that measures the probability of fraud in a credit application across
banking and insurance industries. Businesses will be able to identify applications that should
be screened for potential fraud, and prioritise those that have a high probability of being
fraudulent.
NABARD partners with Germany for food security initiative

The National Bank for Agriculture and Rural Development (NABARD) has entered into
collaboration with German Government for a special programme on Soil Protection and
Rehabilitation for Food Security.
The programme is part of the German governments recently introduced special initiative
One World, No Hunger initiative.
As part of the collaboration NABARD is anchoring two programmes.
SIDBI signs MoU with SAARC Development Fund

Small Industries Development Bank of India (SIDBI) and Saarc Development Fund (SDF)
has entered into a Memorandum of Understanding (MOU) for mutual cooperation and
collaboration.
The MoU envisages SDF and SIDBI to work together in co-funding of projects in Indian
MSMEs on risk sharing basis in identified sectors, development of suitable financial
products for SME financing for MSMEs of other Saarc states.
FINANCIAL RELATED POINTS WITH EXPLANATION
RBI Governor calls it quits
Raghuram Rajan, the current Reserve Bank of India (RBI) Governor has not been offered a
second term by the Government of India. Raghuram Rajan has decided to return to
academia after his tenure as RBI Governor Ends. It has been revealed that the decision was
mutual. According to Government sources, Arundhati Bhattacharya, the current SBI
chairperson and RBI Deputy Governor Urjit Patel are frontrunners to replace Raghuram
Rajan as the RBI Governor. Raghuram Rajan is set to vacate his office on 4th September
2016.
SBI Launches IT Innovation start-up to assist start-ups

Indias largest lender State Bank of India (SBI) has launched IT Innovation Start-up Fund
to support start-ups in the financial technology space. The total fund is 200 crore rupees. It
will provide assistance of up to 3 crore rupees to a company registered in India for
promoting their business innovations using information technology for banking and related
activities. SBI also has formed a mentoring team to assist start-ups which will facilitate and
guide business, extending help in various areas including additional funding requirement
The team will also monitor and make a report on the progress and the utilisation of the
funds by the start-ups. Besides, it will also give financial and external legal assistance to
start-ups as and when required. SBI already has launched InCube, a single window banking
relationship support for start-ups to provide financial advisory through their dedicated
branch in Bengaluru.
India, South Korea launch Korea Plus to promote investments

India and South Korea have launched a platform Korea Plus to promote and facilitate
Korean Investments in India. It was launched by the Union Commerce and Industry
Minister- Nirmala Sitharaman and her South Korean counterpart Joo Hyunghwan in New
Delhi.
Key Facts: The Korea Plus platform covers the entire investment spectrum including
supporting Korean enterprises entering the Indian market for the first time. It will be also
looking into issues faced by Korean companies doing business in India and policy advocacy
to the Indian Government on their behalf. It shall comprise a representative each from the
South Korean Ministry of Industry, Trade and Energy (MoITE) and Korea Trade Investment
and Promotion Agency (KOTRA). Besides, it also includes three officials from Invest India.
Background: A Memorandum of Understanding (MoU) for establishing Korea Plus was
signed between two countries in January 2016. The MoU was an outcome of the official
state visit of Indian Prime Minister Narendra Modi to South Korea in May 2015.
Union Cabinet approves merger of 5 associate banks with SBI
The Union Cabinet has approved merger of countrys largest lender State Bank of India
(SBI) and its associate banks in order to bring the state-owned entity on a par with global
lenders. 5 associate banks of SBI are: (i) State Bank of Bikaner and Jaipur, (ii) State Bank of
Hyderabad, (iii) State Bank of Mysore, (iv) State Bank of Patiala and (v) State Bank of
Travancore. Apart from these 5 associate banks, the Bharatiya Mahila Bank (BMM) will also
be merged with the SBI.
Key Facts: The merged entity will increase SBIs market share from present 17% to 22.5-
23% with total business of over 37 lakh crore rupees. It will have one-fourth of the deposit
and loan market in the country and SBIs staff strength will increase by 35-49%. The merged
entity will have nearly 24,000 branches and increase SBIs network by 6,000 branches. It will
also have strong network of about 58,700 ATMs across the country as of March 2016-end
and shall employ around 2.85 lakh people in 2014-15.
Background: The merger move of SBI and its associate banks comes after the Union
Government had announced a road map for bank consolidation during Union Budget of
year 2016-17. This was seen as necessary to meet the huge infrastructure financing needs of
the country. This merger also seeks to feature Indian Bank in the top 50 banks of the world
in terms of size as currently no bank in the country features in it.
Axis Bank launches Indias first certified green bond

climate change solutions around the world at London Stock Exchange (LSE). The proceeds
of the bond will be invested by Axis Bank in green energy, transportation and infrastructure
projects. It will play important role in reinforcing Indias commitment to produce 175,000
MW of renewable power by 2022. The green bonds of Axis Bank were certified by the
Climate Bonds Standards Board. It has raised 500 million dollars at the LSE after it launched.
Q. What are Green Bonds?

ANS - Bonds basically are debt instruments which help issuer to get capital while the
investors receive fixed income in the form of interest. In case of Green Bonds, the issuer
gets capital from the investors only if the investment (capital) is being raised to fund green
projects relating to renewable energy or emission reductions etc. BRICS Bank to issue first
Yuan dominated bonds
The New Development Bank (NDB) of the BRICS countries is set to issue its first yuan-
denominated bonds to finance sustainable development projects. The NDBs first five-year
yuan-denominated bonds (or green bonds) will be issued after receiving a rating from
international ratings agencies as well as getting authorities approval. Further, the NDB
plans to release more bonds in local currencies including in Indian Rupee if the banks
board and local authorities endorse the project plans The Shanghai-based New
Development Bank (NDB) has been founded by Brazil, Russia, India, China and South Africa
(BRICS). It is headed by eminent Indian banker K V Kamath. The bank plans to finance
sustainable development projects in the emerging markets and developing countries. It
announced its first batch of loans on April 2016, providing $300 million to Brazil, $81 million
to China, $250 million to India and $180 million to South Africa.
India Ranked 2nd on GRD Index

India has been ranked second as per 2016 Global Retail Development (GRD) Index. India
has jumped 13 positions from last year (2015) to rank second among 30 developing
countries on ease of doing business.
Key Highlights of 2016 GRD: The sharp pick up in GDP growth and better clarity
regarding FDI regulations have helped India achieve a second ranking. Indias retail sector
has expanded at a compound annual growth rate of 8.8% between 2013 and 2015, with
annual sales crossing the US 1 trillion dollars mark. India has also become the worlds
fastest growing economy and more attractive market due to its large population base and
easing of FDI regulations in retail sector. Indias retail sector has also benefited from the
rapid growth in e-commerce. Being worlds second largest internet market and increasing
smartphone and internet penetration has contributed to the expansion of e-commerce.
Insolvency & Bankruptcy Code, 2015 Passed

The Lok Sabha has unanimously passed Insolvency and Bankruptcy Code, 2015 by a
voice vote. The code seeks to ensure time-bound settlement of insolvency, faster
turnaround of businesses and create a unified data base of serial defaulters.
Highlights of the Code: The Code creates time-bound processes for resolution of the
insolvency of companies and individuals. These processes will be completed within time-
bound 180 days. If insolvency is resolved in stipulated time, the assets of the borrowers may
be sold to repay creditors. The resolution of the insolvency of processes will be conducted
by licensed insolvency professionals (IPs). These IPs will be members of insolvency
professional agencies (IPAs). IPAs under insolvency resolution will also furnish performance
bonds equal to the assets of a company.
Bankruptcy is a legal status usually imposed by a Court, on a firm or an individual who is

unable to meet debt obligations. Indias new Bankruptcy Bill attempts to create a formal
Insolvency Resolution Process (IRP) for business. During the IRP, financial creditors assess
whether the debtor's business is viable to continue and the options for its rescue and
revival. If the IRP fails or financial creditors decide to wind down and distribute the assets of
the debtor the debtors business is liquidated.
ICICI Bank sign MoU with BRICSs New Development Bank
Indias largest private sector lender ICICI Bank has inked a MoU with the BRICS
promoted New Development Bank (NDB) for a partnership in bond issuances, co-financing,
treasury management and human resources. With this, ICICI Bank becomes first financial
institution in the country to tie up with the BRICS Grouping-promoted NDB.
The MoU was signed by NDBs first President and ICICI Bank veteran KV Kamath and
ICICI Bank Chief Chanda Kochhar in Mumbai, Maharashtra.
Key facts: The MoU will help NDB in exploring rupee-denominated bonds in the
domestic and international markets. It will make both the lenders collaborate to fund
development projects in India. They will also leverage a mutually beneficial partnership in
other areas such as treasury risk management, human resource development and account
and cash management services. The MoU will help NDB to leverage the deep market access
and insight of ICICI Bank in the Indias financial markets.
About New Development Bank: NDB is a multilateral development bank promoted by

BRICS nations viz. Brazil, Russia, India, China and South Africa. It is outcome of 6th BRICS
Summit being held in Fortaleza, Brazil. It is headquartered in Shanghai, China. It will have a
regional office in Johannesburg, South Africa. NDB began its operations in July 2015 with an
initial capital of 100 billion dollars. The goal of the
bank is to fund infrastructure projects in emerging economies for sustainable development.

In the NDB, each participant country has been assigned one vote, and none of the countries
have veto power.
Union Cabinet approves National Capital Goods Policy 2016
The Union Cabinet has given its approval for National Capital Goods Policy 2016 to give
a push to the capital goods sector and the Make in India initiative.
This is first ever policy for Capital Goods sector framed by the Union Government
(Ministry of Heavy Industry & Public Enterprise).
Key features of Policy Objectives: Increase production of capital goods from 230,000
crore rupees in 2014-15 to 750,000 crore rupees in 2025. Raise direct and indirect
employment from the current 8.4 million to 30 million. Increase exports from the current
27% to 40% of production. Increase the share of domestic production in Indias demand
from 60% to 80% to make India a net exporter of capital goods.
Aim of Policy: Facilitate improvement in technology depth across sub-sectors, ensure

mandatory standards, increase skill availability and promote growth and capacity building
of MSMEs, help in realising the vision of Building India as the World class hub for Capital
Goods and also play a pivotal role in overall manufacturing as the pillar of strength to the
vision of Make in India. The Department of Heavy Industry (DHI) will meet the objectives
of the policy in a time bound manner through obtaining approval for schemes as per the
roadmap of policy interventions.
Background: The idea of a National Capital Goods Policy was first presented by the DHI
to the Prime Minister in the Make in India workshop held in December, 2014. It has been
framed and finalized after extensive stakeholder consultations with industry, academia,
different ministries etc. It has been framed to create game changing strategies for the
capital goods sector by addressing some of the key issues. It includes availability of finance,
innovation and technology, raw material, productivity, quality and environment friendly
manufacturing practices, creating domestic demand and promoting exports.
ICICI Bank launches Indias First Contactless Credit Card

Indias largest private sector bank ICICI Bank has launched countrys first contactless
business credit card in association with Jet Airways for small and mid-sized enterprises
(SMEs). The card has been christened as the Jet Airways ICICI Bank Business Advantage
Card. Key facts: The card is powered by VISA PayWave contactless technology
Islamic Development Bank to open first branch in India

Saudi Arabias Islamic Development Bank (IDB) has decided to open its first branch in
India at Ahmedabad, Gujarat. In this regard, IDB and its private sector arm, Islamic
Corporation for the Development of the Private Sector (ICD), already have met with top
officials of the Reserve Bank of India (RBI), EXIM Bank and Indias other nationalized banks.
This announcement comes as part of MoU signed between IDB and Indias EXIM Bank
during Prime Minister Narendra Modi visit to United Arab Emirates (UAE) in April 2016. As
part of the MoU a US 100 million dollars line-of-credit (LoC) was to be given to IDBs
member countries to facilitate exports. Besides, IDB also has decided to provide Gujarat
state 30 medical vans as part of its social sector initiatives.
About Islamic Development Bank: The IDB is a multilateral development financing

institution based in in Jeddah, Saudi Arabia. Presently, it has 56 Islamic countries as its
members. It was founded in 1973 by the Finance Ministers at the first Organisation of the
Islamic Conference (now Organisation of Islamic Cooperation). IDBs objective is to foster
the economic development and social progress of member countries as well as the Muslim
community in accordance with principles of Islamic (Shariah) law.
HDFC Bank launches Smartup to helps upcoming start-ups
Indias second-largest private sector lender HDFC Bank has launched SmartUp, a
dedicated solution for start-ups to fulfil all their banking needs. It was launched in
association with a Mumbai-based start-up accelerator Zone Start-ups India (ZSI).
Key facts: SmartUp is tailored to meet all the requirements of a start-up. It is a complete
banking solution meant for start-ups. It will be offering banking and payment solutions,
along with forex and advisory services to start-ups. Smartup will provide facility of current
account. It will include waiver of AMB (average monthly balance) for the first six months and
extendable to 12 months. It will also include salary account for employees by waiving the
minimum number of employees criteria. SmartUp will also provide HDFCs PayZapp for
business a payment and collection solution and a dedicated relationship manager.
Accountholders will also get recommendations of regulatory and compliance issues and
also chartered accountant for tax related issues. Start-ups will also get the opportunity to
showcase their products on SmartBuy to 32 million HDFC Bank customers.
IDBI Bank first state-run bank to open branch at IFSC

Mumbai based IDBI Bank has decided to open an international banking unit (IBU) at the
International Financial Services Centre (IFSC) in Gandhinagar. This is the first state-run bank
to open for IBU centre. Yes Bank, Federal Bank and ICICI Bank have been operating
branches in GIFT city. Recently Private player Kotak Mahindra Bank opened its branch at the
IFSC as these would provide full range of corporate banking services and would meet
foreign currency funding needs of it clienteles. Over USD 250 million worth of business
transactions were conducted at GIFT City in the past six months.
Indian 9th in Crony-Capitalism Index

India is ranked at ninth position in crony-capitalism index for the year 2015. There has
been no change in its position from the previous year. Crony sector wealth accounts for 3.4
per cent of the gross domestic product (GDP). As per the latest crony-capitalism index, the
non-crony sector wealth amounts to 8.3 per cent of the GDP. Germany is the cleanest with
least number of crony capitalists. Russia tops the list followed by Malaysia, the Philippines
and Singapore.
SEBI to tighten KYC, transfer norms for Participatory Notes
Mumbai based Securities and Exchange Board of India (SEBI) is likely to tighten the
norms for participatory notes (P-Notes) to curb round-tripping and restrict money
laundering to follow recommendations made by Special Investigation Team on black
money.
The changes include requirement of increased disclosures on transfer and prior consent
of issuer on transfer, bringing P-Notes under know-your-customer and anti-money
laundering norms and reporting suspicious transactions to the financial intelligence unit.
Under these rules, KYC review will be done on the basis of risk classification assigned to
subscriber. The Market regulator will have to take remedial action in case of any breaches.
IFC launched its first Uridishi Masala bond

Mobilizing $ 4.3 million IFC, a member of World Bank group has launched its first Uridishi
masala bond in India to mobilize 300 million rupees from Japanese household investors to
promote private sector investment in India. Masala bonds are rupee-denominated
instruments sold only to offshore investors. Uridishi bonds are sold to Japanese household
investors. The three-year bond builds has raised the equivalent of $1.7 billion from
international investors for investment in India. Uridishi Masala bonds will be used to support
private sector investment in India.
Indo-WB inked Financing Agreement

A deal worth $300 Million for MPHEQIP Washington D.C. headquartered World Bank,
Government of India and Government of Madhya Pradesh has inked a credit concord worth
of US $300 million for the Madhya Pradesh (MP) Higher Education Quality Improvement
Project. The credit has been given by the International Development Association (IDA), the
World Banks concessionary lending arm. It is sanctioned for a period of 25 years, including
a 5 year grace period.
Reliance Infra-led Reliance Defence Ltd

Reliance Infra-led Reliance Defence Ltd has signed a strategic partnership agreement
with 3 Ukrainian state firms to collaborate on a range of military products. These three
Ukrainian state-owned firms are Ukroboronprom, Spetstechno Exports and Antonov.
Key facts: The strategic collaboration will be for range of military products including
transport aircraft, armoured vehicles, maritime gas turbines and unmanned aerial vehicles.
Under the agreement with Antonov, both companies will jointly bid for the medium military
transport aircraft programme of the Hindustan Aeronautics Ltd (HAL). In addition they will
also collaborate for assembly, manufacture and maintenance, repair and overhaul (MRO) of
Antonov series of aircraft. This collaboration will mainly address the requirements of the
Indian market and also the agreed global markets.
NABARD partners with Germany for food security

The National Bank for Agriculture and Rural Development (NABARD) has entered into
collaboration with German Government for a special programme on Soil Protection and
Rehabilitation for Food Security. The programme is part of the German governments
recently introduced special initiative One World, No Hunger initiative. As part of the
collaboration NABARD is anchoring two programmes viz. Soil conservation and
rehabilitation of degraded land programme in Madhya Pradesh and Maharashtra.
Innovation of watershed development and climate change adaptation programmes in five
states Telangana, Andhra Pradesh, Gujarat, Maharashtra and Rajasthan. Germanys One
World, No Hunger addresses areas such as food and nutrition security, protection and
sustainable use of natural resources in rural areas, promotion of innovation and promotion
of responsible land use and access to land. India is the only country in Asia chosen for this
initiative.
RBL becomes first private sector bank to open dedicated branch for start-ups
The RBL Bank (formerly Ratnakar Bank) became the first private sector bank in India to
open dedicated branch for start-ups. The dedicated branch was inaugurated at
Koramangala, Bengaluru by Nandan Nilekani, noted entrepreneur and former chairman of
UIDAI.
About RBL Bank: The RBL Bank is a scheduled commercial bank headquartered in the
Kolhapur, Maharashtra. Founded in August 1943, RBL is one of the oldest private sector
banks in India. The Bank currently services approximately 1 million customers and has a
total business size of over 20,000 Crore rupees.
BRICS New Development Bank approves first loans for Renewable Energy
The BRICS New Development Bank (NDB) has approved its first package of loans worth
811 million dollars for four renewable energy projects in Brazil, China, South Africa and
India. The decision to approve the first loans was approved by the NDB board of governors
on the side-lines of the International Monetary Fund (IMF) and World Bank spring meetings
in Washington DC, US.
Key facts: The NDB in its first loan tranche will provide $300 million to Brazil, $250
million to India, $180 million to South Africa and $81 million to China. These funds will be
used in area of green and renewable energy projects with a combined capacity of 2.37MW
together. On completion of these projects, they will help to reduce the amount of harmful
emissions by 4 million tons annually.
About New Development Bank: The New Development Bank is a multilateral bank
created by BRICS nations - Brazil, Russia, India, China and South Africa. It had started its
operations in July 2015 with initial authorized capital of $100 billion. It is headquartered in
Shanghai, China. The goal of the bank is to fund infrastructure projects in emerging
economies for sustainable development. In the NDB, each participant country has been
assigned one vote, and none of the countries have veto power. Renowned Indian banker
Kundapur Vaman Kamath is the President (first) of NDB.
India is worlds largest remittance recipient 2015

It was revealed by the World Banks annual report Migration and Development Brief. In
2015, India attracted about 69 billion US dollars in remittances, down from 70 billion in
2014 Key Highlights of Report Other large remittance recipients in 2015 were China (64
billion dollars), Philippines (28 billion), Mexico (25 billion) and Nigeria (21 billion dollar).
Global scenario: In 2015, global remittances which include those to high-income

countries contracted by 1.7% to 581 billion US dollar compared to 592 billion in 2014.
Indian scenario: Remittances to India in 2015 decreased by 2.1% to USD 68.9 billion.
This marks the first decline in remittances since 2009.
Developing countries: Officially recorded remittances to developing countries

amounted to 431.6 billion dollars in 2015, an increase of 0.4% over 430 billion dollars in
2014. The growth pace of remittances to developing countries in 2015 was seen as the
slowest since the global financial crisis.
Indias neighbours: The growth of remittances in 2015 slowed from 8% in 2014 to 2.5%
for Bangladesh, from 16.7% to 12.8% for Pakistan, and from 9.6% to 0.5% for Sri Lanka.
BUDGET OF INDIA
Nine Pillars Concept -
The Union Government has shaped its budget around their agenda for the next year, to
further the Transform India initiative. The Budget proposal is built on nine distinct pillars,
which are:
1. Agriculture and Farmers Welfare
2. Rural Sector Development
3. Social Sector including Healthcare
4. Education, Skills and Job Creation
5. Infrastructure and Investment
6. Finance Sector Reforms
7. Governance Reforms for Ease of Doing Business
8. Fiscal Discipline
9. Tax Reforms
Highlights of Union Budget of India 2016

Taxes
Existing income tax slabs retained.
13 different cesses by various ministries with collections less than Rs.50 crore a year to be
abolished.
Direct Tax proposal will result in revenue loss of Rs. 1,060 crore and Indirect tax
proposals will results in gain of Rs. 20,670 crores.
No retrospective taxation in future. However, one time tax dispute resolution proposed.
Limited tax compliance window for declaring undisclosed income between June 1 to
September 30.
General Anti-Avoidance Tax Rule to be implemented from 1st April 2017.
Corporate tax rationalisation for new companies.
Companies with revenue less than Rs. 5 crore to be taxed at 29% plus surcharge.
No tax for startups for first three years.
15% surcharge on those whose income is above Rs. 1 crore.
A 1% service tax on purchase of cars over Rs. 10 lakh and in-cash purchase of goods and
services over Rs. 2 lakhs.
4% high capacity tax for SUVs. Luxury cars to be more expensive as well.
Pollution cess of 1% on small petrol, LPG and CNG cars; 2.5% on diesel cars of certain
specifications; 4% cent on higher-end models.
Excise duty on tobacco products (except beedis) increased from 10% to 15%.
Excise 1% on articles of jewellery, excluding silver.
0.5% Krishi Kalyan Cess to be levied on all services.
Dividend in excess of Rs. 10 lakh per annum to be taxed at additional 10%.
Personal Finance & Housing
Rs. 1,000 crore earmarked for new EPF (Employees Provident Fund) scheme.
Government will pay EPF contribution of 8.33% for new employees for up to three years.
Rent paid deduction is being raised from Rs. 24,000 to Rs. 60,000.
Additional tax exemption of Rs. 50,000 for Housing Loan up to Rs. 35 lakh (provided the
cost of home is less than Rs. 50 lakh).
40% of withdrawal at the time of retirement under National Pension Scheme to be tax
exempt.
Service tax exempted for housing construction of houses less than 60 sq. m.
Social
Rs. 38,500 crore for Rural Employment program MNREGA.
Rs. 9,500 crores allocated for Swachch Bharat Abhiyan.
Rs. 2.87 lakh crore granted to gram panchayats and municipalities 228% jump from last
year.
Establishment of hub to support SC/ST entrepreneurs.
Rs 2,000 crore allocated for 5 years to provide cooking gas to all BPL families. Scheme to
provide LPG connection in womens name.
300 urban clusters to be set up under Shyama Prasad Mukherji Rurban Mission.
Four schemes for animal welfare.
Health
A new health protection scheme with cover of up to Rs. 1 lakh per family.
Senior citizens to get additional cover of Rs. 30,000.
National Dialysis Service program to assist people with kidney disorders.
PM Jan Aushadhi Yojana to be expanded with 300 more generic drug stores.
Education & Skill Development

A digital repository is proposed to be created for educational certificates.
1000 crore allocated for higher education financing.
1700 crore allocated for 1500 multi skill development centres.
1 crore youth to be trained (skilled) in the next 3 years under PM Kaushal Vikas Yojana.
So far, National Skill Development Mission has imparted training to 76 lakh youth. 1500
additional multi-skill training institutes to be set up.
Scheme to get Rs.500 crore for promoting entrepreneurship among SC/ST.
10 public and 10 private educational institutions to be made world-class.
62 new Navodaya Vidyalayas to provide quality education.
Digital Literacy Scheme to be launched to cover 6 crore additional rural households.

Entrepreneurship training to be provided across schools, colleges and massive online
open courses.
Energy
Rs. 3000 crore allocated for nuclear power generation.
Government to incentivize deepwater gas exploration.
Infrastructure & Investments

65 eligible habitats to be connected via 2.23 lakh kms of road. Current construction pace
is 100 kms/day.
Rs. 55,000 crore allocated for roads and highways. Total allocation for road construction
under all schemes will be Rs. 97,000 crores.
Total allocation for infrastructure will be Rs. 2,21,246 crore including for railways.
100% FDI in marketing of food products produced and marketed in India.
Government to amend Motor Vehicle Act to allow innovation in passenger vehicle
segment.
Dept. of Disinvestment to be renamed as Dept. of Investment and Public Asset
Management.
MAT will be applicable for startups that qualify for 100% tax exemption.
Agriculture
Agriculture and farmer welfare allocation of Rs. 35,984 crores.
28.5 lakh hectares of land to be brought under irrigation.
5 lakh hectares of land to be brought under organic farming in three years.
Rs. 60,000 crore for recharging of groundwater to combat drought.
A irrigation fund in NABARD of Rs. 20,000 crore to be created.
Looking to double farmers income by 2022.
Nominal premium and highest ever compensation in case of crop loss guaranteed under
the PM Fasal Bima Yojna.
Banking
Rs. 25,000 crore towards recapitalisation of public sector banks.
Disbursement target under MUDRA increased to Rs. 1,80,000 crores.
General Insurance companies to be listed in the stock exchange.
Post offices to get more ATMs, micro-ATMs in next three years.
Miscellaneous
Other proposals and reforms are as under
100% village electrification by 2018.
Small and Medium shops to be given option to be open all 7 days a week.
Bill to amend Companies Act to create favourable environment for Start Ups.
Plan and Non Plan classification of expenditures to be done away with from 2017-18
The budget on whole tries to revive the economy by reviving agriculture and rural sector;
the other area of intervention appears to be in social sector and infrastructure.
Highlights of Economic Survey of India 2016
The Economic Survey is one of the most important documents to be presented during the
Budget Session. It forms not only the basis for the budget but also presents a birds eye
view of the economy and its course. Studying the Economic Survey is important for a good
understanding of the budget. The Economic Survey for Budget 2016 was drafted by a team
headed by Arvind Subramanian, the Finance Ministrys Chief Economic Adviser.
GDP & GROWTH:
The Economic Survey 2016 projects Indian economy to grow between 7-7.75 % in fiscal
year 2016-17.
It expects Indias growth rate over the next two years to be 8 %.
The Central Statistics Office estimates that the growth rate for the current fiscal year
(2015-16) is 7.6 %.
These numbers are lower than the 8.1-8.5 % predicted by the Economic Survey of 2015.
However, there is still twin causes for optimism and concern. The economy has still to
realise its full potential, which is pegged at 8-10 % in the long run.
FISCAL DEFICIT:
The 2015-16 fiscal deficit target of 3.9 % seems achievable.
However, 2016-17 will be challenging from the fiscal point of view.
A realistic target of 3.5 per cent of GDP can be adhered to.
This is the right term to review medium-term fiscal framework.
Two key factors complicate the task of reducing fiscal deficit in the year 2016-17 and
beyond.
The first is the Seventh Pay Commission recommendations that wages and allowances of
government employees be increased significantly.
The second is the pressing need to ramp up public investment that will meet the
pressures of infrastructure backlog.
INFLATION:
Inflation based on Consumer Price Index (CPI) is expected to decline to 4.5-5 % range in
the fiscal year 2016-17.
Low inflation has set in. Also, price stability has improved. These have improved the
outlook of the economy.
By March 2017, the RBI should be able to meet 5 % inflation target.
Oil prices are expected to be low for some time. This will likely dampen inflationary
expectations.
CURRENT ACCOUNT DEFICIT:

The current account deficit is likely to be between 1-1.5% of GDP for 2016-17.
CURRENCY:
Chinas recent devaluation of the yuan may lead to further currency turmoil in Asia,
including the Indian Rupee. India must prepare for major currency readjustment.
Monetary relaxation must be a tool used to set the Rupees value fairly. Strengthening
the rupee must be avoided.
Gradual depreciation in rupee can be allowed in case capital inflows become weak.
TAXES & SUBSIDIES:
It proposes that the tax net must be widened from 5.5 % of earning individuals to more
than 20%. This means that more people should be required to pay taxes.
The easiest way to do this is to avoid increasing exemption limits.
The economic survey, in fact, favours reviewing and gradual phasing out of tax
exemptions.
Tax revenues are expected to be higher than the budgeted levels in 2015-2016.
The Survey calls for unpopular reforms such as making agricultural incomes taxable,
rationalisation of fertiliser subsidies estimated at Rs. 75,000 crore (excluding arrears), and
the withdrawal of tax benefits which mainly benefit the rich.
It also recommends restricting cooking gas subsidy to 10 cylinders from 12 at present.
It calls for raising levels of property tax while leaving the income tax threshold
unchanged.
Subsidy bill is expected to be below 2% of GDP
AGRICULTURE, INDUSTRY & SERVICES:

The industrial growth rate is likely to be around 3.1 % for 2016-17.
For the same year, the services growth rate is expected to be around 9.2 %.
Agricultural growth seems to be stagnating.
Current years crop production is expected to be around 253 million tonnes, compared
to last years 252 million tonnes.
BANKING & CORPORATE SECTOR:

Corporate and Bank balance sheets seem stretched and this will affect private
investments revival.
Banks have an estimated capital requirement of 1.8 trillion rupees by 2018-19.
The government proposes to make available 700 billion rupees to banks in coming years
via budgetary allocations.
Government could also sell off certain non-financial companies to infuse capital in state-
run banks.
Underlying stressed assets in corporate sector should be sold or rehabilitated.
It stated that the $143-billion Information Technology-Business Process Management

sector being impacted by increased protectionism, even as India is being urged to open up
its markets under various trade agreements.
CHALLENGES TO INDIAN ECONOMY
The strong political mandate that the current government received will not last forever.
So reforms for long term benefits only will be risky.
Twin Balance Sheet (TBS) Problem is a major challenge to private investment and
subsequent full-fledged economic recovery. TBS is the impaired financial positions of public
sector banks and some corporate houses.
There is a long list of unfinished agenda including Goods & Services Tax, Strategic
Disinvestment, De-stressing of Balance Sheet of both banks and private companies, and
Rationalisation of Subsidies.
India fares worse amongst the BRICS nations in terms of investment in health and
education.
There have been four consecutive seasons of weak rainfall, leading to adverse effects on
agriculture industry.
Only 5.5 % of earning Indian population pays taxes.
The survey emphasises creation of good jobs i.e. in the formal sector.
Highlights of Railway Budget of India 2016

Numbers
The Railways envisages a capital expenditure of Rs. 1.21 lakh crore. This is the capital plan in
the Rail Budget 2016. It will borrow Rs. 18,580 crore in the fiscal year 2016-17. LIC has
agreed to fund Rs. 1.5 lakh crore in 2016-17. The Railways will aim at generating 10-20 per
cent revenue from non-tariff sources. The aim is to achieve an operation ratio of 92 per
cent. There have been savings of Rs. 8720 crore from last years estimates. 139 items of the
2015-16 Budget had action taken.
No hike in Railway Fares
For the second year in a row, there will be no hike in railway fares. The tariffs of both
passenger and goods trains will remain unchanged.
New Trains for Unreserved PassengersA long distance, superfast train service, Antyodaya
Express will be introduced on fully unreserved basis. In addition, two to four Deen Dayalu
coaches will be added to some long distance trains for unreserved travel, with facilities for
drinking water and more mobile charging points.
New Trains for Reserved Passengers
Three select train services were announced for reserved passengers. Tejas will operate at
speeds of 130 kmph and above, along with onboard services like Wi-Fi, entertainment and
local cuisine. There will be one service provider for all these services, ensuring accountability
and improved customer satisfaction.
Humsafar will be a fully air-conditioned 3AC train with optional meal services. UDAY
(Utkrisht DoubleDecker Air-Conditioned Yatri) Express will be a double-decker train that will
ply on the busiest routes to cater to overnight business travellers. The move will increase
carrying capacity along these routes by 40%.
SMART Coaches
Newer, better designed coaches are being planned to cater to growing and emerging
demands of passengers. The design and layout of coaches will be reimagined to include
higher passenger carrying capacity while providing amenities such as bio-vacuum toilets,
automatic doors, ergonomic seating, vending machines, entertainment screens, LED lit
advertising boards, PA system, bar-code readers, accessible dustbins, water-level indicators
and improved aesthetics among others.
These SMART (Specially Modified Aesthetic Refreshing Travel) coaches will compete with
low-cost airlines.
Swacch Railways & Clean My Coach
More emphasis will be laid on cleanliness in trains. The Railways is to introduce a Clean my
Coach service on pan-India basis. A passenger can request for his/her coach and toilets to
be cleaned on demand simply through an SMS. Some 30,000 additional bio-toilets will also
be installed. Currently, the worlds first bio-vacuum toilet is in use on the Dibrugarh
Rajdhani Express.
Improved Customer Interface
The Railways will install information boards in trains which will relay GPS-based real-time
information inside coaches about upcoming halts. It will also provide information detailing
all theonboard services available. There will be one person accountable for all facilities on
the train to facilitate customer satisfaction.
The Railways is also planning to invite FM radio stations to install PA systems on trains and
provide onbaord entertainment.
Mobile App Services
The Railways plans to unify all digital solutions for ticketing into one mobile app. A second
app will deal with grievance redressal, suggestions, receipts and other issues.
Rail Mitra Sewa & Accessible India
In the spirit of the Accessible India campaign, the Railways plans to ensure that all stations
under redevelopment are accessible by Divyang (disabled). There will be at least one
Divyang friendly toilet on each platform at A1 class stations. Wheelchair facilities at these
stations will also be boosted.
The Railways has already introduced the Sarathi Seva in the Konkan Railways, for assisting
old and disabled passengers at stations. These free services will be expanded to include
paid services like battery operated cars, porter services. The services will be extended to
more stations as well.
Insured Travel
The Railways plans to partner with insurance companies to offer optional travel insurance
on rail journeys. This facility will be available at the time of booking and will help minimize
financial losses incurred by passengers because of unfortunate incidents.
Ticketing Facilities
The Railways will start selling tickets for suburban and short-distance travel through hand-
held terminals. This will ensure multiple Points of Sale with minimal infrastructure
requirement. Platform tickets will be made available through ticket vending machines
compatible with cash, credit cards as well as debit cards.
The Railways has also promised, in the next 3 months, to open e-ticketing facilities to cater
to foreign tourists and NRIs by accepting foreign debit and credit cards. Ticketless travel will
be hindered by the use of bar-coded tickets, scanner and access control. This will be started
on pilot basis at major stations. Similarly ticket cancellation will be made possible via phone
calls on the 139 helpline number.
Tatkaal Counter Measures
CCTV coverage will be made possible at Tatkaal counters to deal with issues at these places.
The Railways plans to invite a system of periodic third-party audits and certifications.
Station Redevelopment
400 Railway Stations will be re-developed through PPP (Public-Private Partnership). More
stations will be developed. CCTVs will be introduced at major stations.
WiFi Enabled Stations
In addition, 400 Railway Stations will be equipped with wifi. This year alone, 100 stations will
be wifi enabled. Also, wireless enabled Rakshak devices will intimate gangmen about
approaching trains.
Coolies to Sahayaks
Henceforth, porters will not be called coolies, but Sahayaks. They will be trained in soft-
skills.
Beautification
Pilgrimage Centres will be in focus as these stations will be beautified on priority. These
include Ajmer, Amritsar, Gaya, Mathura, Nanded, Nashik, Puri, Tirupati, Varanasi,
Nagapattinam. These stations will also be provided passenger amenities on priority. Walls of
several stations will be converted to murals.
Logistics, Auto-Hubs & Factories
Indias first Railway auto-hub will be inaugurated soon in Chennai. Logistics and Warehouse
parks will be created on PPP basis. The Railways has finalized bids for setting up two
locomotive factories. The new factories will be set up with an order book of Rs. 40,000 crore.
Reorganization & Upgradation
The Railway Board is to be re-organized to aim for increased efficiency and better utilization
of funds. A revamped internal audit system will bring efficiency to working practices. The
Railways plans to continue to use Social media to bring better transparency. Foreign Rail
Technological Cooperation scheme will be formulated for technological upgradation. A
National Railway plan will be formulated to integrate the Railway network with other modes
of transport. All unmanned level crossings will be done away with by 2020. Freight trains will
also be timetabled by 2020.
Rail University
A Rail University will be established at the Indian Rail Academy in Vadodara.
Diesel Procurement
The Railways will start direct procurement of diesel to help save Rs. 1500 crore in the year
2016-17.
For Waitlisted Passengers
Under the Vikalp scheme, wait listed passengers will be provided choice of accommodation
on specific trains.
Monetization
Rail revenue will be raised from non-freight sources by monetisation of land. This will be
done by leasing land out for horticulture and tea plantations. The possibility of a holding
company will be explored to monetize other assets of the Railway companies.
GOBS
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RBI Banking Awareness Capsule

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----BANKING AWARENESS AND FINANCIAL AWARENESS CAPSULE BY BEWAL SIR---

RESERVE BANK OF INDIA

MAIN FUNCTIONS OF RBI:

Central Board of RBI:

N.S. Vishwanathan (Deputy Governor) replaced to Shri H.R. Khan

Other important facts about RBI:

1.RBI has introduced E- KUBER plate form for trading of PSLCs

6.What is star series notes :

7.What new features introduced by RBI in new series notes ?

2. What is a Repo Rate?

3. What is Reverse Repo Rate?

4. What is SLR Rate?

5. What is CRR Rate?

6. What is Bank Rate?

8. What is Base Rate

1. What is the business bank can not do?

2. What is a Non-Banking Financial Company (NBFC)?

3. NBFCs are doing functions similar to banks.

4 . What is Private Banking?

6. What is BPS (Basis Points)?

7. What is Money Laundering?

11.What is SIBOR & SOR?

12. What is NOSTRO and VOSTRO account? LORA account ?

13. What is a DEMAT Account?

14. What is RuPay Card?

15. PLASTIC MONEY

17. What is Bancassurance?

19. What are non-perfoming assets? (NPA)

20. What is SEZ?

21. What is SIDBI?

22. What is COMMERCIAL PAPER (CP)?

24. What is CRM?

25. What is Right to information Act?

26. What is dematerialization?

foreign currency, a commodity). Forward contract in foreign exchange transaction, is a

28. What is Bitcoin?

29. What is Deposit Rate?

30. What is the Banking Ombudsman Scheme?

31. What is Fiscal Policy?

32. What is Inflation?

34. What is FII?

35. What is FDI?

36. What is IPO?/ FPO

37. What is GDP?

38. What is GNP?

39. What is Gross Value Addition?

40. What is Revenue deficit?

41. What is Disinvestment?

42. What is Fiscal Deficit?

43. What is National Income?

44. What are Mutual funds?

45. What is Cheque?

46. What is demand Draft?

47. What is NABARD?

48. What is SEBI?

49. What is SENSEX and NIFTY?

50. What is Sub-prime crisis?

51. What is shadow Banking?

52. What is Islamic Banking?

53. What is Universal Banking?

54. What is Offshore Banking?

55. What is Narrow Banking?