IMPORTANT DAYS IN AUGUST/SEPTEMBER

August 15: Independence Day (India )

August 2: Internatinal Day for the Remembrance of the Slave Trade and its
Abolition
August 29: National Sports Day ( Birthday of Dhyan Chand )
5 SEPTEMBER: Teachers Day (Birth Day of S. Radha krishnan)
8 SEPTEMBER: World Literacy Day
14 SEPTEMBER: World Fraternity and Apology Day
14 SEPTEMBER: Hindi Diwas ( Day)
15 SEPTEMBER: Engineers Day
16 SEPTEMBER: World Ozone Day
20 SEPTEMBER: Railway Police Force (RPF) Foundation Day
21 SEPTEMBER: Alzheimers Day
24 SEPTEMBER: World Deaf Day and World Heart Day
27 SEPTEMBER: World Tourism Day
IMPORTANT ABBERVATIONS
ADB Asian Development Bank
AIDBs All India Development
Banks
AIFIs All India Financial Institutions
A LM Asset Liability Management
AMC Asset Management Company
ARCs Asset Reconstruction
Companies
ATM Automated Teller Machine
ATS Automatic Transfer Service

BACS Bankers Automated Clearing

System
BPL Below Poverty Line
BPLR Benchmark Prime Lending
Rate
BPO Business Processes Outsourcing
BR Base Rate
CAAP Capital Adequacy Assessment
Process

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CACP Commission for Agricultural

Cost and Prices
CEO Chief Executive Officer
CFO Chief Finance Officer
CFMS Centralised Funds
Management System
CFS Committee on the Financial
System
CFS Consolidated Financial
Statements
CHAPS Clearing House Automated
Payment System
CRR Cash Reserve Ratio
CSGLA Constituents Subsidiary
General Ledger Account
CSIR Council of Scientific and
Industrial Research
CSO Central Statistical Organisation
CWC Central Warehousing
Corporation
DPN Derivative Usance Promissory
Note
DPs Depository Participants
DRI Beneficiaries of Differential
Interest rate
DRT Debt Recovery Tribunals
DSA Direct Selling Agent
DSCR Debt Service Coverage Ratio
DTA Domestic Tariff Area
ECB External Commercial Borrowing
ECS Electronic Clearing Service
EMI Equated Monthly Instalment
EPS Earnings Per Share
ERP Enterprise Resource Planning
ETFs Exchange Traded Funds
EU European Union

EXIM Bank Export-Import Bank of

India
FCP Farmers Club Programme
FCRA Forward Contract Regulation
Act
FD Fixed deposit
FDI Foreign Direct Investment
FDIC Federal Deposit Insurance
Corporation
FEMA Foreign Exchange
Management Act
FERA Foreign Exchange Regulation
Act
FIP Financial Inclusion Plan
FIU-IND Financial Intelligence UnitIndia
FOB Free-on-Board
FRNs Floating Rate Notes
FRO Foreigners Registration Officer
FRRO Foreigners Regional
Registration Officer
FSS Financial Software Systems
FTT Foreign Travel Tax
GDCF Gross Domestic Capital
Formation
GFD Gross Fiscal Deficit
GIC General Insurance Corporation
of India
GIPSA General Insurance Public
Sector Association
GNP Gross National Product
HRD Human Resources Development
HSBC The Hongkong and Shanghai
Banking Corporation Ltd
HTM Held to Maturity
HUDCO Housing and Urban
Development Corporation

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HUF Hindu Undivided Family

HYVP High Yielding Variety
Programme
ICAI Institute of Chartered
Accountants of India
ICAO International Civil Aviation
Organi-sation
ICC Integrated Circuit Card
ICDP Intensive Cattle Development
Programme
ICICI Industrial Credit and
Investment Corporation of India
Limited
ICRA Investment Information and
Credit Rating Agency
ICSID International Centre for
Settlement of Investment
IDBI Industrial Development Bank of
India
IDFC Infrastructure Development
Finance Company Limited
IDR Indian Depository Receipt
IDRBT Institute for Development and
Research in Banking Technology
IFC International Finance Corporation
IFCI Industrial Finance Corporation
of India Limited
IFSC Indian Financial System Code
IPG Internet Payment Gateway
IPO Initial Public Offering
ISO International Standard
Organisation
IVP Indira Vikas Patra
KCC Kisan Credit Card
KVP Kisan Vikas Patra
KYC Know Your Customer

MBFC Mutual Benefit Financial

Company
MODS Multi-Option Deposit Scheme
MPBF Maximum Permissible Bank
Finance
MRD Market Regulation Department
MRTP Monopolies and Restrictive
Trade Practices
MSME Micro, Small and Medium
Enterprise
NDA Net Domestic Assets
NDC Non-Dues Certificate
NDS Negotiated Dealing System
NDTL Net Demand and Time
Liabilities
NFA Net Foreign Assets
NGO Non-Governmental
Organisation
NHB National Housing Bank
NIA Negotiable Instruments Act
NII Net Interest Income
NIM Net Interest Margin
NNP Net National Product
NSIC National Small Industries
Corporation
Banking and Economic Abbreviations
NSS National Savings Scheme
NSSO National Sample Survey
Organisation
OBE Off-balance Sheet Exposures
OBUs Offshore Banking Units
OCB Overseas Corporate Bodies
OPEC Organisation of Petroleum
Exporting Countries
OTC Over-The-Counter
OTCEI Over-The-Counter Exchange
of India Limited
OTS One-Time Settlement

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PCA Prompt Corrective Action

PCDs Partly Convertible Debentures
PD Primary Dealer
PFIs Public Financial Institutions
PFS Price Stabilisation Fund
PIN Personal Identification Number
PIO People of Indian Origin
PKI Public Key Infrastructure
PLIs Prime Lending Institutions
PLP Potential Linked Plan
PLR Prime Lending Rate
PMO Primary Market Operations
PMEGP Prime Ministers
Employment Generation Programme
PTCs Pass-Through Certificates
QIB Qualified Institutional Buyers
QIP Qualified Institutional Placement
QIS Quantitative Impact Study
RCI Refinance Corporation for
Industry
RCTC Risk Capital and Technology
Corporation
REPO Repurchase Agreement
REPOS Ready Forward Contracts
RFID Radio Frequency Identification
RLS Retail Loan Schemes
RMC Risk Management Committee
RMG Risk Management Group
RML Reverse Mortgage Loan
RNBCs Residuary Non-Banking
Companies
ROA Return on Assets
ROC Registration of Companies
RTGS Real Time Gross Settlement

Security Interest
SBI State Bank of India
SCB State Cooperative Apex Bank
SCC Selective Credit Control
SDRs Special Drawing Rights
SEBI Securities and Exchange Board
of India
SHGs Self-Help Groups
SICA Sick Industrial Companies Act
SIDBI Small Industries Development
Bank of India
SIDC State Industrial Development
Corporation
SIM Subscriber Identity Module
SJSRY Swarna Jayanti Shahari
Rojgar Yojana
SLBC State-level Bankers
Committee
SLR Statutory Liquidity Ratio
Banking and Economic Abbreviations
SME Small and Medium Enterprises
SPNS Shared Payment Network
Systems
SPOM Self-Programmable One-Chip
Microcomputer
SPV Special Purpose Vehicle
SSIDC State Small Industries
Development Corporation
SSls Small Scale Industries
STF Short-Term Finance

SARFAES Ses and Reconstruction of

Fmancial and Enforcement of
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BANKING NEWS

Repo rate- 8%
Reverse Repo Rate-7%
CRR-4%
SLR-22%
Bank Rate-9%
Marginal Standing Facility (MSF)- 9%

Betting big on the governments reforms agenda, overseas investors have

poured in more than USD 5 billion in the Indian market so far this month
taking the total inflow to over USD 25 billion since January 2014.

The soon-to-be-turned private bank IDFC will be headed by its current

Executive Chairman Rajiv Lall. Subject to RBI approval, Rajiv Lall will be
the Managing Director and Chief Executive Officer of IDFC Bank, which is
expected to be formed by October 2015.

SBI Caps (the investment banking arm of State Bank of India) has been
asked by the Finance Ministry to undertake a study on the merger and
recapitalisation of banks

The Central Bureau of Investigation has registered a case of alleged bribery

against the Chairman & Managing Director of Syndicate Bank Sudhir
Kumar Jain.

Vidyo, Inc., a visual communications solutions provider has been selected

by IndusInd Bank, one of the fastest growing new-generation private sector
banks in India for Video Branch, a mobile and desktop-based banking
service being deployed across the country.
The Reserve Bank of India has said that the proposed Bharat Bill Payment
System (BBPS) will function as a tiered structure for operating the countrys
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bill payment system. It will have a single brand image providing

convenience of anytime anywhere payment to customers.

The RBI said that it will transfer the surplus amount of Rs. 52,679 crore to
the Government. The year before, the central bank said that it had
transferred Rs. 33,010 crore to the Government.

Coca-Cola has announced it will pay $2.15 billion for a 16.7 per cent stake
in Monster Beverage, cementing a distribution-based link between the two
that had added significantly to Cokes profits.

Five Indian companies, including Hindustan Unilever and Tata Consultancy

Services, are among Forbes list of the worlds 100 most innovative
companies that investors think are most likely to generate big, new growth
ideas.

People can now deposit up to Rs 1.5 lakh annually in their Public Provident
Fund (PPF) with the government notifying changes in the popular savings
scheme. The government has issued a notification raising the limit from
annual PPF deposit limit from Rs 1 lakh to Rs 1.5 lakh in pursuance of the
announcement made by Finance Minister Arun Jaitley.

Non-Banking Financial Companies (NBFC) with asset size of Rs. 100 crore
and above have been forbidden to give more than 50 per cent of the value of
shares pledged with them (capping the loan to value ratio at 50 per cent).
This would be applicable only to loans of Rs. 5 lakh and above.This has
been done to minimise volatility in the market

The Department of Economic Affairs, Ministry of Finance is bringing out

the twentieth issue of the annual publication Indias External Debt: A Status
Report 2013-14. The Report presents a detailed analysis of Indias external
debt position at end-March 2014, based on the data released by the Reserve
Bank of India on June 30, 2014.

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 The Tata Group has retained its place as the countrys most valuable brand
at USD 21 billion, while the total worth of top-100 Indian brands now stands
at USD 92.6 billion.
The Indian Cotton Federation (ICF) organised the second All India Cotton
Conference on August 12 and 13 at The Residency in Coimbtore. The theme
of the conference is Indian Cotton Scenario in the current context 2014-15.
The Ken-Betwa Link Project, benefiting Madhya Pradesh and Uttar Pradesh,
has been taken up for the implementation. The estimated cost of the Phase-I
and Phase-II of the Ken-Betwa Link project is Rs.9393 Crore (2008 price
level) and Rs.2283 Crore (2012-13 price level) respectively
Reserve Bank will issue Rs 1,000 new bank notes under the Mahatma
Gandhi Series-2005 with the rupee mark 'R' in inset.
The Ministry of Environment and Forests has given environment clearance
to Cairn India to raise crude oil production from its prolific Rajasthan block
by 50 per cent to 300,000 barrels per day.
The government will spend Rs 20,000 crore to provide mobile connectivity
in 55,000 villages, which are still untouched by wireless telephony, in the
next five years, Telecom Secretary Rakesh Garg said.
The retirement fund body also has also fixed the minimum monthly pension
for EPFO schemes at Rs. 1,000. This move will immediately benefit 28 lakh
pensioners who get less than this amount at present. Mr Jaitley in the Budget
had allocated Rs. 250 crore in the current financial year for this purpose.

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NATION
Prime Minister Narendra Modi is expected to address the United Nations
General Assembly on September 27, giving his first global speech to an
audience of nearly 200 world leaders and foreign ministers at the annual
gathering of the world bodys policymaking organ.
The board of directors of Indias largest milk federation, the Gujarat
Cooperative Milk Marketing Federation (GCMMF), has unanimously
elected Jethabhai Patel, a cooperative leader from North Gujarat as the new
Chairman. GCMMF sells milk products under the Amul brand.
The Modi Government will give a decisive push to make the GangaHooghly waterway navigable for freight movement by tying up for a World
Bank loan that could be as much as $1 billion.

The Centre has urged all the states to provide 33 per cent reservation for
women in their police forces to effectively deal with cases of sexual violence
and crime against women
Union Ministry of HRD has set up Hari Gautam Committee to review the
status of UGC.

Shri Jogen Chowdhary to be the first artist in-residence in Rashtrapati

Bhavan.
According to the Andhra Pradesh Reorganisation Act, 2014, the Government
of India has to establish the National Institute of Disaster Management
(NIDM) in the Successor State of Andhra Pradesh within a period of 10
years.
India and Bhutan agree to strengthen the strategic cooperation in the field of
Agriculture & allied sectors between the two countries.
Tamil Nadu Chief Minister J Jayalalithaa has announced a series of
integrated drinking water schemes and also proposed a Tamil Nadu
Innovative Initiative to promote innovation in the State.
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 The Ministry of Rural Development launched its flagship Shyama Prasad

Mukherji Rurban Mission, which is aimed at providing urban amenities in
rural areas.
Prime Minister, Narendra Modi, laid the foundation stone for Leh-KargilSrinagar transmission system. He also dedicated the 45 MW Nimoo Bazgo
Hydroelectric Project to the nation.
India successfully conducted trials of its indigenously developed surface-toair Akash missile, which has a strike range of 25 kms, as part of a user
trial by the Air Force from the Integrated Test Range at Chandipur
The Prime Minister Shri Narendra Modi laid the foundation of a Port- Based
Multi-product Special Economic Zone (SEZ) at the prestigious Jawaharlal
Nehru Port Trust (JNPT) at Sheva, Navi Mumbai.
The Honble Prime Minister of India, Shri Narendra Modi, commissioned
INS Kolkata into the Indian Navy.
In a function at Solapur, the Prime Minister dedicated to the nation 765 kV
Solapur - Raichur transmission lines, and four laning of Pune - Solapur
section of NH-9.
Assuring financial independence to the poorest of the poor, Prime Minister
Narendra Modi launched the Pradhan Mantri Jan Dhan Yojana to provide
bank accounts along with a debit card and an insurance cover of Rs 1 lakh to
all.
Prime Minister Shri Narendra Modi, dedicated the 1000MW ( 2X500 MW)
stage I of Mouda Super Thermal Power Project to the nation in Mouda in
Nagpur district of Maharashtra
Minister for Information and Broadcasting Prakash Javadekar opened the
first edition of northeast film festival in the capital and said the government
is committed to mainstream new initiatives in the region.
Ministry of Textiles announced that Ministry through DC (Handlooms) has
signed a Memorandum of Understanding (MoU) with Flipkart India Pvt.
Ltd. to provide online marketing platform to handloom weavers to boost the
handloom sector, empower the weavers and boost manufacturing in the
country.
India and Vietnam agreed to deepen cooperation in defence and oil sectors
among others as External Affairs Minister Sushma Swaraj reviewed the
entire gamut of bilateral ties with the strategically-important country
A Credit Agreement for World Bank (IDA) assistance of US$ 107 million
for Second Mizoram State Roads Project (MSRP II) has been signed
between the Government of India and the World Bank.
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APPOINTMENTS/ RESIGNATIONS

Former UN peacekeeper in Congo Sudesh Kumar, has been handed over the
command of the inspector general's office of BSF Meghalaya Frontier.
Arvind Gupta, former Indian Foreign Service officer, was appointed as
Deputy National Security Adviser (NSA).
YES Bank has appointed retired IAS officer Radha Singh as Non-Executive
Chairperson of the board of the bank.
Justice Dr Manjula Chellur sworn in as the first woman Chief Justice of
Calcutta High Court the oldest high court in the country.
IDFC appointed Ravi Shankar as the head of the proposed banks financial
inclusion and rural business initiative.
AIADMK leader M.Thnbidura unanimously elected Deputy Speaker of the
Lok Sabha. He is the first leader to hold the post for a second time. Earlier in
1985, also has the distinction of being elevated to the post.
S.M. Swathi, General Manager of Corporation Bank, has been appointed as
Executive Director of Bharatiya Mahila Bank. She had assumed office on
August 14.
Rajni Razdan became the new Chairperson of the Union Public Service
Commission (UPSC). She was appointed as Chairperson of UPSC by the
President Pranab Mukherjee in accordance with the Article 316 (1) of the
Constitution.
UPA appointed Governor Sheila Dikshit resigned.
Modern-era Don Shah Rukh Khan has become the first Indian actor to be
roped in as Ambassador of Interpols initiative Turn Back Crime
campaign, aimed at promoting greater awareness on how to prevent crime.
The Turn Back Crime campaign is aimed at raising public awareness that
organised crime is often involved in seemingly unrelated crimes.

AWARDS
Bharatiya Mahila Bank Ltd. bagged the Core Banking System Initiative
Award for the year 2014 at the Asian Banking and Finance - Retail Banking
Awards 2014.
Chandra Shekhar Ghosh, CMD of Bandhan, has received the Entrepreneur
of the Year award from the All India Management Association (AIMA).
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Ratan Tata, Chairman Emeritus, Tata Sons Ltd, has been conferred the 18th
MMA Amalgamations Business Leadership Award at a function in Chennai.
Two Indian-origin academicians have won global prizes in the field of
mathematics with one of them being awarded the Fields Medal known as
the Nobel Prize of mathematics. Manjul Bhargava won the Fields Medal,
while Subhash Khot won the Rolf Nevanlinna Prize, awarded by the
International Mathematical Union, at the International Congress of
Mathematicians 2014 held in Seoul
The President of India, Shri Pranab Mukherjee presented Outstanding
Parliamentarian Awards to Shri Arun Jaitley, Dr. Karan Singh and Shri
Sharad Yadav for the years 2010, 2011 and 2012 respectively at a function
organized by the Indian Parliamentary Group.
Bharatiya Mahila Bank Ltd. bagged the Core Banking System Initiative
Award for the year 2014 at the Asian Banking and Finance - Retail Banking
Awards 2014.
Chandra Shekhar Ghosh, CMD of Bandhan, has received the Entrepreneur
of the Year award from the All India Management Association (AIMA).
Ratan Tata, Chairman Emeritus, Tata Sons Ltd, has been conferred the 18th
MMA Amalgamations Business Leadership Award at a function in Chennai.

Seven books of stories, six of poetry, one of novel, one of essays and eight
writers for their total contribution to children literature have won the Bal
Sahitya Puraskar this year.
Shri Ram Vilas Paswan, Minister for Consumer Affairs, Food and Public
Distribution has announced the annual awards and commendation
certificates for the nineteenth prestigious Rajiv Gandhi National Quality
Awards for the year 2012. The Best of All Award has been won by Rail
Wheel factory (Ministry of Railways), Bangalore.

SPORTS NEWS THIS MONTH

Woman discus thrower Seema Punia, who won a silver for India at the 20th
Commonwealth Games, was the flag-bearer for the country during its
closing ceremony.
In Commonwealth Games 2014 India finished at fifth-place with 64 medals,
including 15 yellow metals.
Jammu and Kashmir to host Football Federation Cup in August 2015.
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England won the 5-match Pataudi Trophy test-series played against India by
3-1. England achieved the feat after defeating India in the fifth and final Test
at The Oval by an innings and 244 runs.
Ravi Shastri has been appointed Director of the India cricket team for the
ODI series against England.
Hurdler Siddhanth Thingalaya, representing ONGC, secured his berth for
the Asian Games by equaling his own national record in the 110m hurdles
on the concluding day of the Federation Cup Senior National Athletics
Championships at Netaji Subhas National Institute of Sports, Patiala.
Atletico Madrid striker Mario Mandzukics early goal secured a 1-0 win
over Real Madrid and a 2-1 aggregate success to clinch the Spanish Super
Cup and gain some revenge for last seasons Champions League final defeat.
The President of India Pranab Mukherjee inaugurated the 6th Edition of
Kamada Kinkar Mukherjee Rural .
In the doubles, Leander Paes continues to be India's top-ranked player at
number 12, a loss of one position. In the women's rankings, Sania Mirza
maintained her top-five rank as she was unchanged at number 5.
Roger Federer has not won a Grand Slam title this year but the 17-time
Grand Slam champion topped Forbes magazines list of the 10 top tennis
money-makers announced.
Indian women cricket captain Mithali Raj has retained the top spot in the
latest International Cricket Council (ICC) womens rankings for batters.
Mobile handset maker HTC Mobiles announced that it has become an
official sponsor for Kings XI Punjab, one of the eight cricket teams of Indian
Premier League (IPL).

INTERNATIONAL
US Secretary of State, John Kerry, called on Finance Minister, Arun Jaitley,
at the latter's North Block office. Kerry, who arrived in India for an official
visit, has already pressed New Delhi to drop its opposition to global trade
reforms.
Prime Minister Narendra Modi sailed on a visit to the Himalayan nation.
During the two-day visit to Nepal, Modi holded talks with his counterpart
Sushil Koirala and meet with other political leaders.
Prime Minister Narendra Modi reached Japan amid "great expectations" that
the five-day trip will open new vistas in bilateral ties and Strategic and
Global Partnership to a higher level.
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 The U.S. House approved a lawsuit against President Barack Obama over
alleged abuse of executive power.
China has inaugurated its second railway line in Tibet, built at a cost of
$2.16 billion, close to Indian border in Sikkim, enhancing mobility of its
military in the remote and strategic Himalayan
An Indian-origin student, who scored a perfect five in his main subjects with
100 per cent marks across the board, is being hailed as the brightest student
in Britain. Asanish Kalyanasundaram achieved the highest possible grades in
maths, physics, chemistry, biology and critical thinking as part of the five
main subjects required at A Levels in Britain.
SOME IMPORTANT POINTS
FDI limits in India:
Defence 49%
Pension 49
Insurance Raised to 49%
Print Media 26%
Civil Aviation 49%
Public Sec. Banks 20%
Private Sec. Banks 74%
Multi Brand 51%
Single Brand 100%
Tourism 100%
India Ranking in Different Index:
Human Development Index 2014 135
Global Environment Performance Index 2014 155
Global Peace Index 2014 143
Global Innovation Index 2014 76
World Prosperity Index 2013 106.
Global Corruption Index 2013 94
Global Competitiveness Index 2013 -60 for 2013
New governors appointed in India
1. Kalyan Singh new Governor of Rajasthan
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2. Vajubhai Rudabhai Vala new Governor of Karnataka

3. Chennamaneni Vidyasagar Rao new Governor of Maharashtra
4. Mridula Sinha new Governor of Goa
5. Ram Naik: new Governor of Uttar Pradesh. He replaces B.L. Joshi
6. Balramji Dass Tandon: new Governor of Chhattisgarh.
7. Keshari Nath Tripathi: new Governor of West Bengal.
8. Om Prakash Kohli: new Governor of Gujarat.
9. Padmanabha Balakrishna Acharya: new Governor of Nagaland.
10. Kaptan Singh Solanki: new Governor Haryana. He replaces Jagannath Pahadia
New Cabinet Ministers:
Rajnath Singh: Home Minster
Sushma Swaraj: External Affairs & Overseas Indian Affairs
Arun Jaitley: Finance Corporate Affairs & Defence
M. Venkaiah Naidu: Urban Development Housing and Urban Poverty Alleviation
& Parliamentary Affairs
Nitin Jairam Gadkari: Road Transport and Highways Shipping + Rural
Development, Panchayati Raj & Drinking Water
and Sanitation
D.V. Sadananda Gowda: Railways
Uma Bharati: Water Resources, River Development and Ganga Rejuvenation
Dr. Najma A. Heptulla: Minority Affairs
Ramvilas Paswan: Consumer Affairs, Food and Public Distribution
Kalraj Mishra: Micro, Small and Medium Enterprises
Maneka Gandhi: Women and Child Development
Ananthkumar: Chemicals and Fertilizers
Ravi Shankar Prasad: Communications and Information Technology & Law and
Justice
Ashok Gajapathi Raju: Civil Aviation
Anant Geete: Heavy Industries and Public Enterprises
Harsimrat Kaur Badal: Food Processing Industries
Narendra Singh Tomar: Mines & Steel Labour and Employment
Jual Oram: Tribal Affairs
Radha Mohan Singh: Agriculture
Thaawar Chand Gehlot: Social Justice and Empowerment
Smriti Zubin Irani: Human Resource Development
Dr. Harsh Vardhan: Health and Family Welfare
Sumitra Mahajan: new Lok Sabha Speaker
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Revolutions in the field of agriculture in India:

Black Revolution Petroleum Production
Blue Revolution Fish Production
Brown Revolution Leather/nonconventional(
India)/Cocoa production
Golden Fiber Revolution Jute Production
Golden Revolution Fruits/Overall Horticulture
development/Honey Production
Green Revolution Food grains
Grey Revolution Fertilizer
Pink Revolution Onion production/Pharmaceutical
(India)/Prawn production
Red Revolution Meat & Tomato Production
Round Revolution Potato
Silver Fiber Revolution Cotton
Silver Revolution Egg/Poultry Production
White Revolution (In India: Operation Flood) Milk/Dairy production
Yellow Revolution Oil Seeds production
Evergreen Revolution Overall development of
Agriculture .
Pradhanmantri Jan-Dhan Yojana
1. Aim of this scheme to bring poor financially excluded people into the
banking system by providing banking facilities .
2. The scheme will cover both urban and rural areas of India and all bank
accounts opened will be linked to a debit card which would be issued under
the Ru-Pay scheme.
3. Every Account Holder in this scheme can claims accident insurance cover of
up-to Rs 1 Lakh for his entire family.
4. Scheme Authority decided to open 15 Crore bank accounts at the rate of two
bank accounts per household.
5. The bank account has been active for 6 months and has been linked to
account holders Aadhar identity , they would become eligible for an
overdraft of up to Rs 2,500.
6. Jan Dhan Yojana is to lay the foundation of a cashless economy and is
complementary to the Digital India Scheme.
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7. Every Bank has allotted no of accounts as target.

Gold Medal Winner Commonwealth Games 2014

Sanjita Khumukchan: Womens 48 kg weightlifting
Sukhen Dey: Mens 56 kg weightlifting
Abhinav Bindra: Mens 10 metre air rifle shooting
Apurvi Chandela: Womens 10 metre air rifle shooting
Rahi Sarnobat: Womens 25 metre pistol shooting
Satish Sivalingam: Mens 77 kg weightlifting
Jitu Rai: Mens 50 metre pistol shooting
Amit Kumar: Mens freestyle 57 kg wrestling
Vinesh Phogat: Womens freestyle 48 kg wrestling
Sushil Kumar: Mens freestyle 74 kg wrestling
Babita Kumari: Womens freestyle 55 kg wrestling
Yogeshwar Dutt: Mens freestyle 65 kg wrestling
Vikas Gowda: Mens discus throw athletics
Dipika Pallikal and Joshana Chinappa: Womens doubles squash
Parupalli Kashyap: Mens singles badminton

Union Budget 2014-15 Highlights

Income tax exemption limit raised by Rs 50,000 to Rs 2.5 lakh and for
senior citizens to Rs 3 lakh.
Exemption limit for investment in financial instruments under 80C raised to
Rs 1.5 lakh from Rs 1 lakh.
Investment limit in PPF raised to Rs 1.5 lakh from Rs 1 lakh.
Deduction limit on interest on loan for self-occupied house raised to Rs 2
lakh from Rs 1.5 lakh.
Kisan Vikas Patra to be reintroduced, National Savings Certificate with
insurance cover to be launched.
Long term capial gain tax for mutual funds doubled to 20 pc; lock-in period
increased to 3 years.
Mandatory wage ceiling of subscription to EPS (Employee Pension
Scheme) raised from Rs 6,500 .to Rs 15,000.
Minimum pension increased to Rs 1,000 per month.
LCD, LED TV become cheaper.

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 Cigarettes, pan masala, tobacco, and aerated drinks become costlier.

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