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AC Power Booster 2015 Table of Content Banking Awareness ------------------------------------------------------ 1 Current

AC Power Booster 2015

Table of Content

Banking Awareness------------------------------------------------------ 1 Current Affairs ----------------------------------------------------------- 21 Static GK ----------------------------------------------------------------- 65

Banking Awareness

RBI Current Reserve Ratios and Policy Rates as on 1ST December 2015

RBI in News

Rate

%

Repo Rate

6.75%

Reverse Repo Rate

5.75%

Marginal Standing Facility

7.75%

Bank Rate

7.75%

CRR

4%

SLR

21.5%

Cancelled the certificate ofregistration of 56 non-banking finance companies (NBFCs),including ABNL, Future Ventures India and Bajaj Finserve.

RBI announced revised Priority Sector Lending norms for Regional Rural Banks to which the RRBs will have to increase 18% of their total outstanding towards agricultural activities. A target of 7.5 percent of total outstanding will be diverted towards micro enterprises and another 15 percent for weaker sections. The new norms will be implemented from January 1, 2016 and will be monitored on a quarterly and annual basis.

Issued guidelines for cross-currency futures residents and foreign portfolio investors will be allowed to take positions in the cross currency contracts without having to establish underlying exposure subject to the position limits as prescribed by the exchanges.

Allowed regional rural banks to launch internet banking with caveats RBI allowed RRBs to launch online transaction through internet banking. Profitable RRBs with minimum Rs 100 crore net worth and better asset quality will be allowed to offer this service.

Imposed Rs 1 crore penalty on Dhanlaxmi Bank for non-adherence to KYC (know your customer) and anti-money laundering guidelines. The RBI had issued a show cause notice to the bank for not having complied with KYC and AML guidelines.

Granted access to NRIs in National Pension System Reserve bank of India has allowed Non-Resident Indians (NRIs) to subscribe the National Pension System (NPS) as an investment option under FEMA, 1999.NRIs will get access to NPS which is governed and administered by the Pension Fund Regulatory and Development Authority (PFRDA).

Allowed issue of prepaid cards by mass rapid operators RBI has given its final nod for introducing a new category of semi-closed Prepaid Payment Instruments (PPI) for Mass Transit Systems (PPI-MTS) to encourage migration from cash to electronic payments. Balance limit of up to `2,000 and minimum validity of six months from the date of issue.

BroughtBraille Features for New 500 & 1000 Rupee Bank Notes The visually impaired have been struggling with notes of various denominations, as there is no other means for them to count money besides the varied sizes of the currency. To overcome this,the Reserve Bank will issue Rs 500 and Rs 1,000 bank notes with additional features to aid the visually impaired in identification.

Announced relaxation in norms that allow banks to upgrade credit facilities extended toborrow entities upon a change in ownership, only if the ownership has been changed outside Strategic Debt Restructuring Scheme (SDR).

RBI allowed banks to use e-payments for imports in order to facilitate e-commerce, started allowing banks to enter into pacts with Online Payment Gateway Service Providers (OPGSPs) for import purpose.

AC Power Booster 2015 • RBI notified that the Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios

AC Power Booster 2015

RBI notified that the Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 74 percent of the paid up capital of DEN Networks Limited under the Portfolio Investment Scheme (PIS).

RBI sub-office unlocked in Imphal as a part of “Look East Policy will support unbanked block of North-East to have banking presence. With RBI offices are expanded to 5 states in North- East.This new segment will comprise of Financial Inclusion and Development Department, Consumer Education and Protections Cell and Market Intelligence Unit.

Reserve Bank has fixed the public issue price at Rs.2,684 per gram for the sovereign gold bonds for which applications will be accepted from November 5 to 20.

Dr. RaghuramRajan, Governor of the Reserve Bank of India, was appointed as the Vice- Chairman, the Board of Directors of the Bank for International Settlements (BIS), at its meeting in Basel for three years from November 10, 2015.

Agreements signed by RBI

RBI inks info exchange pact with UK financial body - Supervisory Cooperation and Exchange of Supervisory Information with Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA), United Kingdom.

RBI, Central Bank of UAE sign pact - Supervisory Cooperation and Exchange of Supervisory Information. RBI has entered into such MoUs, Letters for Supervisory Co-operation and Statements of Co-operation with supervisors of a few countries to promote co-operation and sharing of information.

RBI, Nepal Rastra Bank ink pact for supervisory info exchange - The MoU was signed by Mr. Narayan Prasad Paudel, Executive Director on behalf of Nepal Rastra Bank and Mrs. MeenaHemchandra, Executive Director on behalf of the Reserve Bank of India at the Central Office of Reserve Bank in Mumbai.

RBI – Bank of Botswana MoU - On info exchange with Bank of Botswana agreed for Supervisory Cooperation and Exchange of Supervisory Information.

RBI -Maldives Monetary Authority (MMA) - On Supervisory Cooperation and Exchange of Supervisory Information.

RBI - Central Bank of Seychelles (CBS) - On Exchange of Information and Mutual Assistance in Banking Sector Supervision

Reserve Bank of India and the Central Bank of Sri Lanka (CBSL) - Special Currency Swap Agreement

RBI licence nod 2015

PAYMENT BANK license under nacheketmor 11 applicants out of 41 1.Aditya Birla Nuvo Limited 2.Airtel M Commerce Services Limited 3.Cholamandalam Distribution Services Limited 4.Department of Posts 5.Fino PayTech Limited 6.National Securities Depository Limited 7.Reliance Industries Limited 8.Shri DilipShantilalShanghvi 9.Shri Vijay Shekhar Sharma 10.Tech Mahindra Limited 11.Vodafone m-pesa Limited

Small banks -UNDER ushathorat -- 10 out of 72 applicants

1. Au Financiers (India) Ltd., Jaipur

2. Capital Local Area Bank Ltd., Jalandhar

3. DishaMicrofin Private Ltd., Ahmedabad

4. Equitas Holdings P Limited, Chennai

5. ESAF Microfinance and Investments Private Ltd., Chennai

6. Janalakshmi Financial Services Private Limited, Bengaluru

7. RGVN (North East) Microfinance Limited, Guwahati

8. Suryoday Micro Finance Private Ltd., Navi Mumbai

9. Ujjivan Financial Services Private Ltd., Bengaluru

10.Utkarsh Micro Finance Private Ltd., Varanasi

11RBI hanged two new bank licences to applicants BANDHAN , IDFC from a field of 25 competitors SUSPENSION

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AC Power Booster 2015  RBI whose licences 7 NBFCs were suspended are 1.Religare Finance

AC Power Booster 2015

RBI whose licences 7 NBFCs were suspended are 1.Religare Finance 2.Artisans Micro Finance 3.Eden Trade & Commerce 4.RCS Parivar Finance 5.Nott Investments 6.Dewra Stocks & Securities 7.Swetasree Finance. + SAHARA ( August 2015)

RBI granted in-principle approval to NPCI to function as the central unit for Bharat Bill Payment SystemsBBPS is an integrated bill payment system, will function as a tiered structure for operating the bill payment system in the country with a single brand image providing convenience of “anytime anywhere” bill payment to customers.

Yes Bank gets RBI nod for mutual fund, AMC and trustee company Yes Bank has got the permission of RBI to sponsor a mutual fund and also to set up an asset management company (AMC) and a trustee company.

Reserve bank of India

Establishment

The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.

The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937.

Though originally privately owned, since nationalisation in 1949, the Reserve Bank is fully owned by the Government of India.

The Reserve Bank's affairs are governed by a central board of directors. The board is appointed by the Government of India in keeping with the Reserve Bank of India Act. Appointed/nominated for a period of four years Constitution:

Official Directors(Full-time): Governor and not more than four Deputy Governors Governor--Dr. RaghuramRajan* Deputy Governors(4) Shri H.R. Khan; Dr. Urjit R. Patel ;Shri R. Gandhi ;Shri S. S. Mundra

Financial Supervision The Reserve Bank of India performs this function under the guidance of the Board for Financial Supervision (BFS). The Board was constituted in November 1994 as a committee of the Central Board of Directors of the Reserve Bank of India.

Objective Primary objective of BFS is to undertake consolidated supervision of the financial sector comprising commercial banks, financial institutions and non-banking finance companies.

I. Acts administered by Reserve Bank of India

1. Reserve Bank of India Act, 1934

2. Public Debt Act, 1944/Government Securities Act, 2006

3. Government Securities Regulations, 2007

4. Banking Regulation Act, 1949

5. Foreign Exchange Management Act, 1999

6. Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (Chapter II)

7. Credit Information Companies(Regulation) Act, 2005

8. Payment and Settlement Systems Act, 2007

9. Payment and Settlement Systems Regulations, 2008 and Amended up to 2011 and BPSS Regulations, 2008

10. The Payment and Settlement Systems (Amendment) Act, 2015 - No. 18 of 2015

11. Factoring Regulation Act, 2011

II. Other relevant Acts

1. Negotiable Instruments Act, 1881

2. Bankers' Books Evidence Act, 1891

3. State Bank of India Act, 1955

4. Companies Act, 1956/ Companies Act, 2013

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AC Power Booster 2015 5. Securities Contract (Regulation) Act, 1956 6. State Bank of India

AC Power Booster 2015

5. Securities Contract (Regulation) Act, 1956

6. State Bank of India Subsidiary Banks) Act, 1959

7. Deposit Insurance and Credit Guarantee Corporation Act, 1961

8. Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970

9. Regional Rural Banks Act, 1976

10. Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980

11. National Bank for Agriculture and Rural Development Act, 1981

12. National Housing Bank Act, 1987

13. Recovery of Debts Due to Banks and Financial Institutions Act, 1993

14. Competition Act, 2002

15. Indian Coinage Act, 2011 : Governs currency and coins

16. Banking Secrecy Act

17. The Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003

18. The Industrial Finance Corporation (Transfer of Undertaking and Repeal) Act, 1993

Quantitative & Qualitative credit control

I.Quantitative credit control is to establish control over the total quantity of credit in the country. II.qualitative credit control the central bank takes the help of bank rate , open market operations , SLR , CRR , rationing of credit , regulation of consumer credit , moral suasion , variation in margin requirement RATES INTRODUCED in the years, repo rate -- 1992, reverse repo rate -- 1996, bank rate --1934, LAF - 1999 Bank Rate: In simple words, bank rate is the rate at which RBI extends advices (Credit) to commercial banks. A change in the bank rate will result in a change in the prime lending rate of banks and thus act as an independent instrument of monetary control. Cash Reserve Ratio (CRR): Cash reserve ratio is the cash parked by the banks in their specified current account maintained with RBI. In other words, it is the percentage of deposit (both demand and time deposit) which a bank has to keep with the RBI. RBI is empowered to vary the CRR between 3% to 15%. The purpose of reducing CRR is to leave large cash reserve with banks so as to enable them to expand bank credit. Similarly increasing of CRR means squeezing the cash reserve of the banks and limits their credit providing capacity Statutory liquidity Ratio (SLR): Statutory liquidity ratio is the liquid assets commercial banks maintain with the RBI in the form of cash , goldand balances in unencumbered approved securities. RBI can change SLR from time to time. Both CRR and SLR reduce or increase the capacity to expand credit to business and industry. Thus both of these are anti-inflationary.

# MONEY MARKET

Open Market Operations (OMO): The buying and selling of eligible securities in the money market by RBI for the purpose of curtailing or expanding the volume of credit. Purpose of OMO is to influence the volume of cash reserves with the commercial banks and thus influence the volume of loans and advances they can make to the industrial and commercial sector.

1. Prime Lending Rate (PLR): It is rate of interest of which commercial banks lend to their prime high profile blue chip corporate borrowers. (From 1990’s banks are free to determine PLR).

2. Repo Rate: Repurchasing option is traded in this market for a short time periods. Repo is Repurchasing by RBI.

3. Priority Sector Lending: It is lending to some particular sector at lower interest rate. RBI orders all public sector banks to give 18% of credit to priority sector.

4. Market Stabilization Scheme: It is a scheme under which RBI buys and sells Government of India securities in order to control liquidity.

5. Money in Circulation: Money in use to finance current transactions as distinct from idle money.

6. Investment Bank: A Bank that provides long term fixed capital for industry, generally by taking up shares in limited companies.

7. Regional Rural Bank: It was established in 1975 under the provision of RRB Act 1976, with a view to develop rural economy.

8. Lead Banking Scheme: Under this scheme all the nationalized banks and few private sector banks were allowed specially and were asked to play the “Lead Role”. The lead banks act as a leader to bring about co-ordination of cooperative banks, commercial banks and other financial institutions in their respective demises to bring about rapid economic development.

9. Call Money: It is a loan that is made for a very short period i.e. for a few days only or for

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AC Power Booster 2015 duration of a week. It carries a low rate of interest.

AC Power Booster 2015

duration

of

a

week. It

carries

a

low

rate

of

interest. In case of a stock exchange market, the duration of call money may be for a fortnight. 10. LIBOR: London Inter- Bank Offered Rate. An interest rate at which banks can bestow funds, in marketable size, from other banks in London inter- bank market. 11. MIBOR: Mumbai Inter Banking Operative Rate. 12. Capital Deepening: It occurs when capital to LIBOR ratio increase in a country, it helps in economic development of the country. 13. BASEL II: This norms assess the need for risk capital and replaces the minimum 9% capital adequacy norm under BASEL-I. BASEL II enables greater transparency and banks will evaluate themselves.

14. CAMELS: Capital Adequacy, Asset Quality, Management, Earnings Liquidity and Systems. 15. Capital Adequacy Ratio: It is the ratio of total capital fund of a bank to its risk weighted assets. It is an indicator of banks financial health. 16. Asset Reconstruction Company: Takes over the NPA of banks or financial institutions at cheaper rate, reconstruct it and sells it and makes profit out of it. This helps in clearing the balance sheet of banks. 17. Universal Banking: It is a banking scheme given by Khan Committee according to which conduction of all financial activities under one roof by a bank or financial institution. In other words, this means integration of roles of bank and other development banks. 18. Service Area Approach: Under this scheme, branches of commercial banks were allotted certain specific semi-urban and rural areas. These branches were made more responsible for overall development of prescribed areas. It was implemented in 1989. 19. Merchant Banking: It is an activity under which a bank take up portfolio management (Banks advising their clients about management of fund) as well as banker to the issue of the company. 20. Urban co-operative bank --Urban Co-operative Banks (UCBs) though not formally defined, refers to primary cooperative banks located in urban and semi-urban areas. These banks, till 1996, were allowed to lend money only for non-agricultural purposes. This distinction does not hold today. These banks were traditionally centered around communities, localities work place groups. They essentially lent to small borrowers and businesses 21. Land development bank--The special banks providing Long Term Loans are called Land Development Banks, in the short, LDB.The history of LDB is quite old. The first LDB was started at Jhang in Punjab in 1920. This bank is also based on Co-operative. The main objective of the LDB's are to promote the development of land, agriculture and increase the agricultural production. The LDBs provide long-term finance to members directly through their branches. 22. Greshem’s Law: Bad money (Black Money) pushes good money (White Money) out of circulation. 23. Bank of International Settlement: Based in Switzerland, gives the statement of international monetary transactions. It is the one which gives CAMELS, BASEL.

BANKS

CAPITALS

New bank license

500

crores

Private banks

500

crores

Foreign bank

500

crores

Urban cooperative banks

100

crores

State cooperative banks

100

crores

Small bank & payment

100

crores

EXIM bank

8500

crores

SIDBI

1000

crores

Authorised Regional Rural

2000

crores

MUDRA BANK

20000 crore

NABARD

500

crores

# CAPITAL MARKETS -- SEBI (Regulated )

SEBI: Securities and Exchange Board of India. SEBI is the primary governing/regulatory body for the securities market in India. All transactions in the securities market in India are governed and regulated by SEBI. Its main functions are:

1. New issues (Initial Public Offering or IPO)

2. Listing agreement of companies with stock exchanges

3. Trading mechanisms

4. Investor protection

5. Corporate disclosure by listed companies etc.

Zero Coupon Bonds: Zero Coupon Bonds (also called as pure discount bonds) are bonds that pay no periodic interest payments or so called ‘Coupons’. Undated Securities: Securities not bearing a redemption date or option. Tap Issue: An issue of treasury bills to government departments and others at a fixed price stand, without going through the market, as distinct from a tender issue.

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AC Power Booster 2015 Buy Back of Shares: Various individuals, financial institutions, directors of the

AC Power Booster 2015

Buy Back of Shares: Various individuals, financial institutions, directors of the company, hold company shares. This indicates the ownership of the company, when a company is allowed to buy-back its shares. It means it is increasing its ownership. Penny Stocks: Penny stocks are securities or stocks which are sold by smaller new companies. They are generally sold because companies are seeking money for expansion, basic operations, and even for the commencement of business. Participatory notes: These are notes issued by FIIs and some of the Indian based foreign banks. GDR/ADR: Global Deposit Receipts (GDR) are popularly known as Euro issues i.e. shares of Indian companies sold in the European market. When these shares of Indian companies are sold in the US capital market they are called as American Deposit Receipts (ADR). Black-Sholes Formula: A formula used to establish a fair price for options in financial markets.

Swap: A transaction in which securities of a certain value are sold to a buyer in exchange for the purchase from the buyer of securities having the same value. The purpose is to obtain an improvement, in the eyes of either of the parties, in the quality of the security or to anticipate a change in yield. Currencies as well as securities are swapped in this way. Screen Based Book- where securities are auctioned through an anonymous screen based system, and the price of which securities are sold is discovered in screen. This eliminates the delays, risks and implementation difficulties associated with traditional procedures. ESOP: Employee Stock Option. Market Capitalisation: Total value of the equity in the present market price is called market capitalization. Hedge Funds: They are basically private investment pools for wealthy, financially sophisticated investors. Traditionally they have been organized as partnership, with the general partner managing the fund’s portfolio. Mutual Funds: Funds set up on the principal of pooled risk and pooled resources with the purpose of giving them the benefits of share market without exposing individually to the volatility of share market. Venture Capital: Risk capital is called venture capital. Sovereign Wealth Fund: It is state owned fund composed of financial assets such as stocks, bonds, property or other financial investment. Futures: Contracts made in a future market for the purchased or sale of commodities on a specified future data. Futures provide a convenient mechanism for holding market risk. Future market forms an important part of many organized commodity exchange or market. NCDEX: National Commodity Derivatives Exchange. It is the largest commodity futures exchange.

Forward Market Commission

:

FMCis a regulatory body for commodity futures, and forward trade in India. It was set up under Forward Contract (Regulation) Act 1952. It’s headquarter is in Mumbai. CARE: Credit Analysis and Research Ltd. It was started in November 1993. It was set up by IDBI. ICRA: Investment Information and Credit Rating Agents of India Limited. It was established in 1991. It primarily rates short, medium and long debt instruments. But, since 1995 it has been doing equity rating also. Voting Shares: Equity shares entitling holders to vote in the election of directors of a company. Normally all ordinary shares are voting shares, but sometimes a company may create a class of non- voting ordinary shares. Factoring: The business in which, a firm takes over the collection of trade debts on behalf of others, thereby enabling them to obtain insurance against bad debts. It is a service primarily intended to meet the needs of small and medium-size firms. The procedure is for the factoring company to buy up its client’s invoices and then itself claim payment of them. Underwriting: Underwriting is the business of insuring against risk. Counter Guarantee: It is given by an economic agent, another agent will oblige the contract signed with the 3rd party. NSDL: It is the first registered depository in India set up in November 1996 and has been promoted by IDBI, UTI and NSE. CDSL: Central Depository Services Limited. Sub- Prime Loans: It is also called as ‘B’ loans or second chance loans. These are loans originated to borrowers who do not qualify for market interest rates because of problems in their credit history. Derivative Trading: It is trading on claims, on claims on real producers. Currency Future: Where in a contract in made between two parties, in which a party agrees to buy or sell a fixed amount of currency at fixed foreign exchange at a later date. It reduces currency volatility rise for both the parties.

AC Power Booster 2015 Insider Trading: When insider (managers, directors, others) have more information of

AC Power Booster 2015

Insider Trading: When insider (managers, directors, others) have more information of the companies performance than the external shareholders. And they use it to make a profit is called insider trading. It is banned in India by SEBI. Multi Commodity Exchange (MCE): The trading happening in papers instead of commodities in physical. The largest MCX is in Ahmadabad. Arbitrage: The act of buying a currency or a commodity in one market and simultaneously selling it for a profit in another market.

Commodities, Derivatives, And Metals Markets

I.Commodity markets are markets where raw or primary products are exchanged , with traditional

commodities such grains, meat and livestock, exchange trading has expanded to include metals, energy, currency and currency indexes, equities and equity indexes, government interest rates and private interest rates. II.These raw commodities are traded on regulated commodities exchanges, in which they are bought and sold in standardized Contracts. III.A Commodities Exchange is an exchange where various commodities and derivatives products are traded. These contracts can include spot prices, forwards, futures, and options on on futures. India has 7 national commodity exchanges namely

1. Multi Commodity Exchange (MCX)

2. National Commodity and Derivatives Exchange (NCDEX)

3. National Multi-Commodity Exchange (NMCE)

4. Indian Commodity Exchange (ICEX)

5. The ACE Derivatives exchange ( ACE )

6. Universal commodity exchange (UCX)

7. Bhatinda Om & Oil Exchange Ltd.

*The regulatory body is Forward Markets Commission (FMC) which was set up in 1953.

TYPES OF MONEY SUPPLY

1.

M0—Reservemoney/ govt. money/ base money/high power money/money multiplier

2.

M0=C+ OD + CR C= currency in circulation OD = other deposits with RBI CR = CASH RESERVE RATIO with RBI

3.

M1-- Narrow money/ high circulated money/ high liquidity money M1 = C + DD + OD C= Currency in circulation DD = demand deposits == CD(current deposits ) + SD(saving deposits) OD = other deposits with RBI

4.

M2 = M1 + Post office savings as deposits (DD)

5.

M3 = M1 + TD time deposits (TD = RD(recurring deposits ) + FD(fixed deposits)

6.

M4 = M3 + POST OFFICE DEPOSITS

NM1/NM2/NM3-- REVISED money

NM1 = C+ OD + DD

NM2= NM1 + STD(short term deposits )

NM3= NM2 + long term deposits + call money

New calculations

L1 = NM3 + All deposits with post offices (NSC) national saving scheme

L2 = L1 + Term deposits of lending institutions + term borrowings of lending institutions + CD

issued by financial institutions

L3 = L2 + NBFCs Deposits TYPES OF MONEY

MO Reserve money -- weekly

M1 NARROW -- fortnight -- 15 days

M3 BROAD --fortnight -- 15 days

L1 -- MONTHLY

L2--MONTHLY

L3 -- QUARTERLY -- 3MONTHS ACCOUNTS --Min & Max

SAVING ------NO

Current --- no time period

Recurring-- 6 months , 10 years

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• Fixed -- 7DAYS / NOW 14 DAYS -- 10 YEARS • Flexi --6 monthsupto

Fixed -- 7DAYS / NOW 14 DAYS -- 10 YEARS

Flexi --6 monthsupto a maximum of 5 years. NPAs 90 DAYS --BAD LOANS

Upto --90 days -- overdue NPAs

90 days --1 year -- Substandard NPA

1 year -- 3 years -- Doubtful NPA

3 Years -- confirmed NPA/Bad debt NPA

GOVT securities_

Short term -- 1 YEAR

Medium-term securities----1-5 years

Long-term securities-- more than 5 years

Dated securities -- 30 years

Long term stretching -- 50 Years Agriculture loans time period

Short -- 6-18 months

Medium -- Upto 18-36 month

Long -- More than 36 months

AC Power Booster 2015

Concept Of Money

Hot money

called as hot money FIAT MONEY -- Fiat money is money that can be used as tender but does not have a physical commodity, such as gold or silver, linked to it, *extrinsic value > intrinsic value NEAR MONEY

assets which can readily be converted into cash, such as bills of exchange. CALL MONEY money loaned by a bank or other institution which is repayable on demand. DEAR MONEY or tight money

A situation in which money or loans are very difficult to obtain in a given country. If you do have the

opportunity to secure a loan, then interest rates are usually extremely high CHEAP MONEY--loan or credit with a low interest rate, or the setting of low interest rates by a central bank PRECAUTIONARY MONEY

Unexpected financial crisis economic situation , keep people to save gold with themselves called as precautionary money DEPOSIT MONEY The money which is maintained by the banks named as deposit money also called s credit agencies *example -- DFIs, commercialbanks , cooperatives , RRBs , NBFCs SMART MONEY The process by which experienced investors and traders who tend to evaluate and find investment opportunities before anyone is known as Credit cards, debit card, cash card PLASTIC MONEY--Plastic money is a term that is used predominantly in reference to the hard plastic

cards we use every day in place of actual bank notes. They can come in many different forms such as cash cards, credit cards, debit cards, pre-paid cash cards and store cards. RESERVE MONEY

It is a measure of money multiplier. Money multiplier shows the mechanism by which reserve money

creates money supply in the economy. It is again dependent on two variables, namely currency deposit ratio and reserve deposit ratio. STANDARD MONEY - Monetary unit which is designated by a government to serve as the basis of its currency system and into which other types of money in the country are convertible& compare standard of value. * Intrinsic value = extrinsic value

---Money which swifts from one country to another country in order to upgrade itself is

National Income

* National income first time coined by -- DadabhaiNaoroji --1868

* First time scientific national income calculated by --V.K.R.V.Rao-1931 National income is a flow not a stock concept In India ,national income estimates are related with financial year (1st April to 31st March)

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AC Power Booster 2015 GNP ( Gross national product) _ GNP refers to the money

AC Power Booster 2015

GNP (Gross national product) _ GNP refers to the money value of total output or production of final goods and service produced by the national income during a given period ,i.e a year GNP = GDP +(X-M)* , X= export, GDP=Gross domestic product , M= import * If export = import or X=M , then GNP = GDP and it is a condition for a closed economy X=M=0 GDP(Gross domestic product) - It is the total money value of all goods and service produced within the geographical boundaries of the country during a given year GDP = GNP -(X-M) NNP net national income _ NNP is obtained by subtracting depreciation value from GNP NNP = GNP - depreciation* When NNP is obtained at factor cost , it is known as national income NATIONAL INCOME (NI)--National income is calculated by subtracting the net indirect taxes form NNP at market prices NNP at Factor cost or NI --NNP at Market prices - indirect taxes + subsidies NNP at Market prices --NNP at factor cost + indirect taxes - subsidies GNP at Market prices --GDP at market prices + NET factor income earned from abroad NNP at Market prices --GNP at market prices - consumption of fixed capital Per capital income _N.I.at constant prices / population *

Macro Economic Time Period

GDP -- yearly , quarterly , monthly

Capital market -- 1 year and above

Money market -- less than 1 year

Call money -- overnight

Notice money -- 2-14 days

Term money-- 15days to 1 year

Certificates of deposits--min 7 days - max- 12 months

Commercial papers -- min 7 days -- max --12 months

Forward rate agreements -- contracts are available for maturity 10 years

Market repo-- 1 day - 1 year

RBI LAF -- 1 day

NDTL -- 15 Days basis

T-bills -- 91, 182, 364 DAYS

Interbank participation -- 91 -180 Days

IIP calculates -- quarterly , monthly

RBI financial year -- July 1st -- June 30

BANKS -- April 1st -- MARCH -31st

General budget -- financial starts from April 1ST

Indradhanush' to revamp PSU banks

The seven elements include appointmentsstarts from April 1ST Indradhanush' to revamp PSU banks Board of bureau-- capitalisation--

Board of bureau-- capitalisation-- de-stressing--empowerment-- framework of accountability governance reforms.to revamp PSU banks The seven elements include appointments Under recapitalisation plans for Public Sector Banks,

Under recapitalisation plans for Public Sector Banks, 13 banks would get Rs 20,058 crore this financial year. The rest Rs 5,000 crore would be allocated based on efficiency criteria.framework of accountability governance reforms. 70,000 crores in upcoming 5 years to reach need of 1.60

70,000 crores in upcoming 5 years to reach need of 1.60 lakh crores needed for banks , 80,000 crores will get the banks from market5,000 crore would be allocated based on efficiency criteria. Banks board of bureau will replace existing

Banks board of bureau will replace existing appointments board. Its members would be appointed in the next six months to be headed by the RBI governnor.for banks , 80,000 crores will get the banks from market Banks board bureau would also

Banks board bureau would also hold bad assets of public sector banks.in the next six months to be headed by the RBI governnor. SBI will get the

SBI will get the highest Rs 5,511 cr, followed by Bank of India at Rs 2,455 cr, IDBI at Rs 2,229 cr, PNB at Rs 1732 cr and IOB at Rs 2009 cr.bureau would also hold bad assets of public sector banks. Microsoft India Chairman Ravi Venkatesan as

Microsoft India Chairman Ravi Venkatesan as Chairman of Bank of Baroda.at Rs 2,229 cr, PNB at Rs 1732 cr and IOB at Rs 2009 cr. T

T N Manoharan as Non-Executive Chairman of Canara BankChairman Ravi Venkatesan as Chairman of Bank of Baroda. G Padmanabhan as Non-Executive Chairman of Bank

G Padmanabhan as Non-Executive Chairman of Bank of India.T N Manoharan as Non-Executive Chairman of Canara Bank Rakesh Sharma Of Lakshmi Vilas Bank will

Rakesh Sharma Of Lakshmi Vilas Bank will be new MD & CEO Of Canara BankG Padmanabhan as Non-Executive Chairman of Bank of India. Six more Non-Executive Chairman posts to be

Six more Non-Executive Chairman posts to be filled in 6 monthsChairman of Bank of India. Rakesh Sharma Of Lakshmi Vilas Bank will be new MD &

Bandhan Bank AC Power Booster 2015 → First instance of a micro-finance entity in India

Bandhan Bank

AC Power Booster 2015

First instance of a micro-finance entity in India transforming into a universal bank.

HQ- Kolkata

Started its operation on 23rd Aug 2015 & Inaugurated by Arunjaitley

In-principle approval from the RBI in April 2014 and the banking regulator's final nod on June 17, 2015

Logo - image of diya

Tagline -Apkabhala ,Sabkibhalai

Starting Capital - Rs. 2570 cr

Chairman - Ashok kumarLahiri

MD & CEO -Founder of Bandhan Bank ,Chandra ShekharGhosh

Reserve Bank included Bandhan Bank in the second schedule list, making it eligible for loans from the central bank at bank rate.

GOLD SCHEMES BUDGET 2015-16

Prime Minister Narendra Modi launched three gold related schemes, including ‘India gold coin’ bearing Ashok Chakra, gold monetisation and sovereign gold bond schemes.

Gold Monetisation Scheme

Resident Indians can make deposits in this scheme.

Minimum deposit at any one time will be raw gold (excluding stones) equal to 30 grams.No maximum limit for deposit.

Interest on deposits will start accumulating from the date of conversion of gold deposited into tradable gold bars 30 days after the receipt of gold at the Collection and Purity Testing Centres (CPTC) or the designated branch of the bank. Sovereign Gold Bond

The bonds will be available both in demat and paper form.

It has more or equal leverage as compared to the physical gold.

RBI will issue the bond on account of the Government of India.

Restricted to resident Indian entities for sale and the maximum limit is 500 gramsper person in a year.

A glimpse of three schemes:

 
   

Gold coins

Gold

Monetisation

Sovereign Gold Bond

 

Scheme(GMS)

In denominations of 5 and

Can earn up to 2.50 per cent

Rs 2,684 per gram.(Fixed Price)

10

grams

interest rate

20

gram bar will be

Medium term(5-7 years) and Long term ( 12-15 years)

5, 10, 50 and 100 grams of gold(denominations)

available

15,000 coins(5 gm) -20,000 coins(10 gm) -3,750 gold bullions available through MMTC outlets.

The principal and interest of the deposit under the scheme will be denominated in gold.

Eligible for Statutory Liquidity Ratio(SLR).Commission 1% of the subscription capital gains tax(same as physical gold)

Feature:

Earnings are exempted from capital gains tax, wealth tax and income tax.

KYC documents such as `Voter ID, Aadhaar Card/PAN or TAN /Passport

Carry advanced anti- counterfeit features and

Top bank first in first outs

First bank to roll out sukanya samriddhi yojana – punjab national bank

First issue of soil health card – Maharastra bank

First payment solutions – co-branaded card issue by –LIC with UAE gulf bank

RBL ( Ratnakar bank limited ) launches first golf centric card

First postal ATM in augurated – BIHAR

First MUDRA card based on the RuPay platform - Corporation Bank

First bank in India to launch Watch Banking for Apple Watch - HDFC Bank

First Multi-Currency Contactless Card service - Axis Bank

First microfinance company to transform into a bank – Bandhan(Kolkata)

First payment bank - Paytm

First institution worldwide to launch mVisa – ICICI

11 | Page

AC Power Booster 2015  First public sector bank to partner with Chillr – BOB

AC Power Booster 2015

First public sector bank to partner with Chillr – BOB

First bank to launched Malayalam and Hindi language versions of mobile application FedMobile

First commercial bank to raise $350 mn via green bonds - IDBI Bank

First bank to launch mobile wallet service “Batua” – SBI

First bank to roll out sukanya samriddhi yojana – punjab national bank

First issue of soil health card – Maharastra bank

First payment solutions – co-branaded card issue by –LIC with UAE gulf bank

RBL ( Ratnakar bank limited ) launches first golf centric card

First postal ATM in augurated – BIHAR

#Winners Of Banking Awards 2015

1. Best public sector bank overall - SBI Bank

2. Best pvt sector bank overall - HDFC Bank Ltd

3. Best Foreign bank overall - Citibank N.A.

4. Best foreign bank-Asset quality - Deutsche bank ag

5. Best PVT SB –Asset quality - HDFC bank ltd

6. Best PUB SB –Asset quality - Vijaya Bank

7. Best PUB SB-Retail growth performance - Canara Bank

8. Best PVT SB- Retail growth performance - Kotak Mahindra bank ltd

9. Best PUB SB-Priority sector lending - Canara bank

10. Best PVT SB-Priority sector lending - RBL Bank Ltd

11. Best PUB SB-Retail - SBI bank

12. Best PVT SB-Retail - HDFC bank ltd.

13. Best Foreign Bank-Retail - CITIBANK N.A.

14. Best PUB SB-Rural Reach - SBI Bank

15. Best PVT SB-Rural Reach - AXIS BANK

16. Best PUB SB-Technology Adoption - SBI bank

17. Best PVT SB-Technology Adoption - HDFC Bank

18. Best PUB SB-Global Business - BOB

19. Best Pvt SB-Global Business - ICICI Bank

20.Central Bank Governor of the Year award for Asia 2014 - RBI governor Raghuram Rajan

21. CII-EXIM Bank awards - Bhilai Steel Plant and Rallis India

Banking Apps

 
 

App Name

Launched by

App For

Online Forex Platform(SBI eforex)

SBI

Enables customers to book their foreign exchange transactions online.

Watch Banking for Apple Watch.

HDFC bank

First bank to launch this type of banking.

MUDRA card on RuPay platform

Corp Bank

Card facilitates the withdrawal and use of the working capital finance by micro entrepreneurs.

Watch Banking

HDFC

Aims to provide banking services through all wearable devices

Co-branded credit card

HDFC Bank & Snapdeal

To share the details of the partnership

First Multi-Currency Contactless Card service in India

Axis Bank

To enables withdrawal of 15 currencies

Business Debit Card

Union Bank of India (UBI) with Visa

Digital initiatives of the bank in line with the Digital India drive of the country.

Unsecure Credit Card

Signature Credit Card

   

Mobile ATM facility

State bank of Travancore(SBT)

Aim to bring banking facility at the doorstep of customers

Smart Vault

ICICI

Automated locker available for

24×7

AC Power Booster 2015 Insta Account ICICI Online investment account IndPay Indian Bank To enables

AC Power Booster 2015

Insta Account

ICICI

Online investment account

IndPay

Indian Bank

To enables its customers to operate bank accounts from anywhere, anytime.

SBI’s mobile wallet ‘Buddy’

Arun Jaitley

To implement corporate social responsibility (CSR)

KOTAK BHARAT

KOTAK Bank

For providing mobile banking services to the customers in the remote regions.

Kotak Bharat app

Kotak Mahindra Bank

Enables customers to manage their savings accounts, current accounts and credit cards without Internet connectivity

Card-less mVisa

ICICI

People can able to accept payments from the other banks having that network.

Batua – mobile wallet

SBI

SBI to launch mobile wallet

for feature phone users n

Banks CMD & Head Quareter & Taglines

 
 

BANK NAME

CMD

HQ

TAGLINE

 

StateBank of India

Arundhati

Mumbai

The banker to every Indian.

 

Bhattacharya

(Chairman)

 

State Bank of Bikaner & Jaipur

Jyoti Ghosh

,MD

Jaipur

The Nation banks on us.

 

State Bank of Hyderabad

 

Santanu

Hyderabad

Modern.Innovative.Dependable

Mukherjee,MD

 
 

State Bank of Patiala

S. A. Ramesh Rangan,MD

Patiala

Blending Modernity with Tradition

 

State Bank of Mysore

Sharad Sharma,MD

 

Bengaluru

Working for a better tommorow.

 

State Bank of Travancore

 

Jeevandas

Thiruvananthapur

A long tradition of trust.

Narayan,MD

am

Nationalised Banks

   
 

BANK NAME

CMD

HQ

TAGLINE

 

Allahabad Bank

Rakesh Sethi

Kolkata

A tradition of trust.

 

Andhra Bank

Suresh N Patel

 

Hyderabad

Where India Banks

 

Bank of Baroda

P.S .Jaykumar

Vadodara,Gujarat

India's International Bank.

 

Bank of India

Melwyn O Rego

 

Mumbai

Relationship beyond banking.

 

Bank of Maharastra

Sushil Muhnot

Pune

One family One Bank.

 

Canara Bank

Rakesh Sharma

 

Bangalore

Together we can.

 

Central Bank of India

Rajeev Rishi

Mumbai

Central to you since 1911.

 

Corporation Bank

J K Garg

Mangalore,Karnataka

Prosperity for all

 

Dena Bank

Ashwini Kumar

 

Mumbai

Trusted Family Bank

 

Indian Bank

Mahesh

Chennai

Your Tech Friendly Bank

 

KumarJain(Additional

 

charge)

 

Indian Overseas Bank

R.Koteeswaran

 

Chennai

Good people to grow with

 

Oriental Bank of Commerce

Animesh Chauhan

 

Gurgaon,Haryana

Where every individual is commited

 

BANK NAME

CMD

HQ

TAGLINE

 

Punjab & Sind Bank

S.Jatinder bir singh

 

New Delhi

Where service is a way of life

 

Punjab National

Usha

New Delhi

The name you can bank upon

bank

Ananthasubramaniyam

13 | Page

AC Power Booster 2015 Syndicate Bank Arun Shrivastava Manipal,Karnataka Faithful and Friendly UCO Bank R

AC Power Booster 2015

Syndicate Bank

Arun Shrivastava

Manipal,Karnataka

Faithful and Friendly

UCO Bank

R K Takkar

Kolkata

Honours Your trust

Union Bank of India

Arun Tiwari

Mumbai

Good people to bank with

United bank of India

P.Srinivas

Kolkata

The bank that begins with u

Vijaya Bank

Kishore kumar sansai

Bangalore

A friend u can bank upon

Bharatiya Mahila Bank

Usha

New Delhi

Empowering Women, Empowering India.

Ananthasubramanian

IDBI Bank

Kishore piraji kharat

Mumbai

Banking for all”AAo Sochein Bada”

NABARD

Harsh Kumar

Mumbai

Revitalizing rural India through urban support

Bhanwala

Exim Bank

Yaduvendra Mathur

Mumbai

Together towards Tomorrow.

ECGC

Geetha Muralidhar

Mumbai

You Focus on Exports.We cover the risks.

Private Sector Banks

 

BANK NAME

Chairman

MD&CEO

HQ

TAGLINE

Axis Bank

Sanjiv Misra

Shikha Sharma

Mumbai

Badhti ka naam Zindagi

ICICI Bank

 

Chanda Kochhar

Mumbai

Hum Hai Na,Khyal Apka

YES Bank

 

Rana Kapoor

Mumbai

Experience our expertise

HDFC Bank

 

Aditya Puri

Mumbai

We understand your world

IndusInd Bank

R.Seshasayee

Romesh Sobti

Mumbai

We make u feel richer

Kotak Mahindra

Uday Kotak

 

Mumbai

Lets make money simple

Bank

Catholic Syrian

S.SanthanKrishna

Anand

Thrissur,

Support all the way.

Bank

n

Krishnamurthy

Kerala

City Union Bank

 

N.Kamakodi

Kumbakonam

Trust and Excellence since

1904

Dhanlaxmi Bank

T.Y.Prabhu

G.Sreeram

Thrissur,

Tann.Mann.Dhan

Kerala

Federal Bank

Abraham Koshy

Shyam Srinivasan

Kerala

Your perfect Banking Partner

Jammu&Kashmi

Mushtaq Ahmad

Mushtaq Ahmad

Srinagar,J&K

Serving to Empower

r Bank

Karnataka Bank

 

P Jayarama Bhat

Mangaluru,

Your Family Bank across India

karnataka

Karur Vysya

Katta Pradyumna

K.Venkataraman

Karur

Smart way to Bank

Bank

kumar

Lakshmi Vilas

 

Parthasarathi

Karur

The changing face of prosperity

Bank

Mukherjee

Nainital Bank

Suresh Kumar

Suresh Kumar

Nainital,

Banking with personal touch

Gupta

Gupta

Uttarakhand

Ratnakar Bank

 

Vishwavir Ahuja

Kolhapur,

 

Maharashtra

South Indian

 

V.G.Mathew

Thrissur,

Experience next generation Banking

Bank

Kerala

Tamilnad

HS Upendra

HS Upendra

Tuticorin

Be a step ahead of life

Mercantile Bank

Kamath

Kamath

Monthly- Financial / Banking Awareness

AUGUST RBI norms to push more loans to farmers to strengthen credit flow to small and marginal farmers, direct lending to non-corporate farmers does not fall below the system wide average of the last three years achievement

RBI tightens NPA rule on credit card dues for the purpose of asset classification would be reckoned from the payment due date mentioned in the monthly credit card statement.

14 | Page

AC Power Booster 2015 Banks should make use of CRILC - RBI has asked banks

AC Power Booster 2015

Banks should make use of CRILC - RBI has asked banks to make use of the information available in Central Repository of Information on Large Credits (CRILC) while opening current accounts of customers and they should not just limit their due diligence to seeking a No-Objection Certificate (NOC) from the bank with whom the customer is supposed to be enjoying the credit facilities.

NBFCs need RBI nod for acquisition, transfer ofcontrol - As per RBI notification, in cases of acquisition / transfer of control of NBFCs, parties to the transaction will need to give prior public notice and seek its approval at least 30 days before effecting the sale or transfer of ownership through sale of shares, or transfer of control with or without sale of shares.

India, US sign FATCA to curb tax evasion - India and the US will start sharing information about bank accounts or financial investments made by their citizens in each other's countriestohelp curb offshore tax evasions, signed an Inter-Governmental Agreement (IGA) to implement the Foreign Account Tax Compliance Act (FATCA) to promote transparency on tax matters

Black money: rules for valuation of foreign assets notified - According to the rules notified for implementation of a one-time compliance window under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, anyone having undisclosed foreign assets abroad will now have to pay tax and a penalty on the sum of deposits made since opening the account.

New Basel III norms will affect growth - According to Mr. S. S. Mundra, Deputy Governor, RBI, the new international regulatory measures under the Basel III norms would have an adverse impact on the economic growth and all countries need to brace up to this fact.

SEPTEMBER

Central Bank of Sri Lanka received USD 1.1 billion from RBI -under the currency swap agreement between the two reserve banks. Sri Lanka already obtained USD 400 million under this arrangement, which is available from the RBI to SAARC member countries, to increase foreign reserves.

Sahara India’s para-banking license scrapped by RBI - The action has been taken by the department of non-banking supervision of the RBI, in Kanpur. The move comes in wake of several irregularities and ignoring financial rules and regulations by Sahara, an official further informed.

RBI Prudential Norms on Change in Ownership of Borrowing Entities - The Reserve Bank of India would allow banks to convert the status of their “stressed” loans to a company into “standard” ones if the entity is sold to a new major stakeholder. This decision will give banks more flexibility to bring in a change in ownership of borrowing entities which are under stress primarily due to operational or managerial inefficiencies despite substantial sacrifices made by the lending banks.

OSCB begins ‘Banks on Wheels’ service in remote areas - Odisha State Cooperative Bank Limited (OSCB) launched ‘Banks of Wheels’ scheme in 20 backward blocks to reach the farmers and other people in remote areas of the state, launched by Odisha CM Naveen Patnaik and he also inaugurated the Core Banking Data Management Centre to provide connectivity to all branches.

BSE has highest number of listed companies in the world: WFE - Oldest exchange in Asia Bombay Stock Exchange (BSE) has the highest number of listed companies in the world by World Federation of Exchanges (WEF) report. It was established in 1855.

ICICI Lombard in bancassurance tie-up with Catholic Syrian Bank (CSB) - ICICI Lombard General Insurance has tied up with Catholic Syrian Bank (CSB) for sale of its products through 431 branches of the bank. Through the bancassurance tie-up, ICICI will able to offer General Insurance offers to the customers of CSB. Anand Krishnamurthy, MD and CEO of Catholic Syrian Bank.

Andhra Bank opens its 2600th branch in Hyderabad- Managing Director and CEO Satish Kumar Kalra e-launched the 2600th branch at Yadgirigutta and the 3000th ATM at Sunshine Hospital in Secunderabad. Andhra Bank, has branch across 26 States and 3 Union Territories.

Bank of Maharashtra launches Soil & Water Health Card and PMMY - Mr. R.K.Gupta, Executive Director, Bank of Maharashtra launched Soil and Water Health Card for farmers through Mahabank Agriculture Research & Rural Development Foundation (MARDEF) to supplement the efforts of Hon’ble

AC Power Booster 2015 Prime Minister of India for focusing attention on the health of

AC Power Booster 2015

Prime Minister of India for focusing attention on the health of soil in agricultural areas to boost productivity and bring increased prosperity.

Paytm to start Country’s first payment bank by the end of this fiscal year.Paytm is the one among the 11 applicants who got the approval from RBI to establish payment banks recently. Paytm to get Rs 10,000 crore in deposits in the next three years. It has more than 104 million mobile wallets and it is expected that it will reach 150 million mobile wallets by March 2016.

HDFC Bank’s nano second disburse loan scheme-The new initiative is part of the bank’s strategy to transform itself into a digital bank.The bank’s customers alone can avail of these loans, to be offered as a top-up on existing car or two-wheeler loans.These top-up on auto loans will be available only if a customer has paid equated monthly installments on existing loan without a single default.

SEBI’S Highest Ever Penalty – PACL, Fined with a Record Rs 7,269 Crore - The SEBI has slapped its highest ever fine of 7,269 crore, on PACL and its directors. The reason is for failing to register the company’s collective investment scheme (CIS). The CIS took thousands of crores from small investors.

SafePay: First anti-fraud system to use existing credit card readers for the first time, researchers have developed an inexpensive, secure method to prevent mass credit card fraud using existing magnetic card readers with novel technique called SafePay.

Bank of Maharashtra launches MUDRA Card for Micro and Small entrepreneurs to meet their credit requirement. The card was launched by Shri. S. Muhnot, CMD of BOM on the occasion of Bank’s 81 st Foundation Day Celebrations.

PSU banks kicked off mega push for PradhanMantri Mudra Yojana - to give a push to the PradhanMantri Mudra Yojana (PMMY) with an aim to generate greater credit to micro enterprises and a sound ecosystem subsequently for bank credit to aspiring entrepreneurs especially small and micro entrepreneurs.

FMC merged with SEBI - Forward Markets Commission (FMC) is now fully covered by the capital market regulator SEBI after the merger. It is first ever merger of two regulatory bodies.Merging of SEBI and the FMC was decided by the Congress in the Union Budget of 2014-15.

IDFC Bank thinks having no ATMs, free service at other machines - IDFC Bank formally launching services on October 1st, 2015 with motto “hatke bank” is contemplating a move of not having its own ATMs and making transactions at rivals ATMs free for customers. (MD & CEO – Mr. VikramLimaye) & (Executive Chairman – Dr. Rajiv B. Lall)

Government decided to bring down its holding in IDBI Bank to 49% to reform state-run banks all over the country. This is mainly because IDBI Bank is saddled with Non-Performing Assets (NPAs) like most other state-run banks. At a gross level, the bank’s NPAs stood at 9 per cent of advances at the end of June 2015.

OCTOBER

8 PSU banks backed with Government infusion of Rs 13,955 crore to boost their capital base and help to meet credit demand and international standards.

UCO Bank lodged with highest number of NPAs-As per RBI Kolkata headquartered UCO Bank named as the worst performer in public sector banks with highest number of non-performing assets (NPAs) recorded against it with gross advances ratio raised to 8.05% from 4.47% followed by Indian Overseas Bank and Bank of Maharashtra.

RBI CBS to be payment aggregator for GST can act as the aggregator of payments by using RBI’s core banking solution e-Kuber for the upcoming GST that is expected to be rolled out in April 1, 2016.This will facilitate participation of larger number of banks in GST receipts which will enhance convenience for the tax payers,single source of information and simplifying accounting and reconciliation tasks.

AC Power Booster 2015 Dena Bank ties up with bankbazaar.com for capturing retail loan business

AC Power Booster 2015

Dena Bank ties up with bankbazaar.com for capturing retail loan business through the bankbazzar.com online platform,Dena bank India entered into a tie up with bankbazzar.com include loans for housing a car,used car loans,and saving account will further strengthen the banks online presence and support its growing retail portfolio.

Go digital nationwide campaign by HDFC Bankto position itself as a premier digital bank by benefitting customers with bank’s latest technological products and offerings.(HDFC MD – AdityaPuri) CAMPAIGN NAME HarZarooratPoori Ho Chutki Mein, Bank AapkiMutthi MeinCAMPAIGN THEME Digital banking is enabling customer convenience as never beforeTIME DURATION 3 months including 1-click payments, 1-click shopping, 10-second loans, Quick investments, There is no need to visit branch, customers can use this facility by their mobile phones and the Internet which saves time and paperwork. Earlier HDFC launched a payment solution PayZapp, 10 second personal loan disbursal, HDFC application in Apple iWatch.

Yes Bank gets RBI nod for mutual fund, AMC and trustee company - Asset management companies and trustee companies will be wholly owned subsidiaries of Yes Bank.

RBI–Bank of Botswana MoU for Supervisory Cooperation and Exchange of Supervisory Information. MoU was signed by Andrew M Motsomi (Director of Banking Supervision Dept. at Bank of Botswana) and Parvathy V Sundaram (Chief GM-in-Charge, Banking Supervision Dept. of RBI).

2015 Annual Meetings of World Bank Group and IMF were held at Lima, Peru. During the meeting the topics like international economic and financial developments, the state of the global economy, and policies to reduce poverty and promote inclusive economic growth were discussed.

Coming up I-T tool eyeing on PAN Transactions History - Finance Ministry is coming up with its new digital platform dubbed as Income Tax Business Application-Permanent Account Number (ITBA-PAN) which enables taxman to examine the“PAN life cycle summary” of an individual or entity where a PAN number has been quoted and in any part of the country. Tool will also allow tax dept. to capture occurrences of an assessee like death, liquidation, dissolution, de-merger, merger, acquisition, fake PAN or amalgamation of PAN which can be helpful in tracking black money or tax evasion.

NarendraModi inaugurated IDFC Bank - Prime Minister ShriNarendraModi has inaugurated the IDFC Bank branch in New Delhi. The event was also attended by Union Minister for Finance ShriArunJaitley and Union Minister of State for Finance ShriJayantSinha.

NABARD sanctions Rs 135-crore loan to Haryana for rural development for “Rehabilitation of JLN feeder system” in three districts of Jhajjar, Rewari and Mahendergarh. Objective – Overall growth of southern districts of the state and a higher per capita income for farmers.

Banking correspondents exempted from service tax for account opening, cash deposits, cash withdrawals, obtaining e-life certificates and Aadhaar seeding in the rural area branches of banking companies under PradhanMantri Jan DhanYojana (PMJDY).

Yes Bank inks partnership with Snapdeal and Blue Dart to facilitate faster seller payments - The partnership is under Yes Transact (Yes Bank’s banking product suite) and will enable Snapdeal to receive cash-on-delivery proceeds from Blue Dart in a faster and streamlined manner.Yes Bank will act as a collection banker to Blue Dart for its cash handling.

Federal Bank launches local language mobile banking - Kochi headquartered Federal Bank launched Malayalam and Hindi language versionsfor its mobile banking application FedMobile. Malayalam language version was launched by renowned writer MadathilThekkepaattuVasudevan Nair Vasudevan Nair.

Paytm ties up with Bank of Maharashtra to offer mobile wallet top up facility through bank ATMs.Bank of Maharashtra’s debit card users will now be able to make their mobile or utility bills payment or pay for services such as cab fare and more by topping up their Paytm mobile wallets through the bank’s 1800 ATM network.

AC Power Booster 2015 Jaitley launched two tax-payer friendly initiatives to streamlining the taxation procedure

AC Power Booster 2015

Jaitley launched two tax-payer friendly initiatives to streamlining the taxation procedure -e- Sahyog is aimed at reducing compliance cost, especially for small taxpayers. It is to provide an online mechanism to resolve mismatches in I-T returns of taxpayers whose returns have not been selected for scrutiny, without visiting the I-T Office.PAN camps are aimed at expanding the coverage of number of people through Permanent Account Number (PAN). While 23 crore PAN card have been issued, only 5 crore people file income tax returns.

Yes Bank operationalises IFSC banking unit in GIFT City - Gujarat International Finance Tec City.It is the first bank to start operations in GIFT City by setting up an IBU (IFSC Banking Unit) and will also allow the bank to raise foreign currency funding through MTNs and other routes as appropriate.

Exim Bank announced setting up of project development firm KPDC in Africa-KPDC(Kukuza Project Development Company), in collaboration with others, to expedite the infrastructure project from the concept stage to the commissioning stage in the African continent.

RBI allows Indian corporate to issue offshore rupee-denominated bonds outside India that will address both pricing and currency risks. The move follows robust demand for rupee-denominated bonds issued by theInternational Finance Corporation (IFC) and the Asian Development Bank (ADB).

Infosys overtook HDFC Bank as 3rd most valued company in m-cap India’s major IT CompanyInfosys became the third most valued Indian firm in terms of market valuation by overhauling the private sector lender HDFC Bank while TCS remained topper in chart with valuation of Rs 5,17,045.42 crore.

RashtriyaArogyaNidhi: Increase of Financial Assistance from Rs. 2 Lakhs to 5 Lakhs Government has decided to enhance the financial powers delegated to designated Central Government hospitals/institutes from Rs. 2 lakh to Rs. 5 lakh under RashtriyaArogyaNidhi (RAN) for providing financial assistance in cases where emergency surgery is to be conducted. For Who are suffering from major life threatening diseases related to heart, liver, kidney and cancer cases, etc.

NOVEMBER

RBI fixes gold bonds issue price at Rs 2,684 per gram - Reserve Bank fixed the public issue price at Rs.2,684 per gram for the sovereign gold bonds for which applications will be accepted from

November 5 to 20.Gold schemes : 1.Gold monetisation

to buy physical gold, the gold bond scheme will offer investors an interest rate of 2.75 per cent

Minimum limit : 2 gram Maximum limit : 500 grams

2.Gold bonds To provide an alternative

RBI issued Uniform Guidelines on Internet Banking for Cooperative Banks - RBI granted state co-operative banks (SCBs) and district central co-operative banks (DCCBs) to bestow internet banking with “view only” facility.Urban cooperative banks (UCBs) that meet positive benchmark are authorized to implement internet banking with transactional facility to their customers with prior approval of the RBI.

Emirates bank, SBI join hands for easier remittancesDeal between Emirates Bank & SBI for easier remittances - Dubai headquartered Emirates NBD announced a partnership deal with Mumbai headquartered State Bank of India to help NRI customers to carry out their remittances instantly and more conveniently. The partnership will allow fund transfers to SBI bank accounts across India in 60 seconds at zero fees via online, mobile banking & ATMs.

China, Pakistan implement banking service protocol-China and Pakistan have improved collaboration between their banking institutions with the implementation of a banking service protocol.To provide easier financing to the USD 46 billionSino-Pak economic corridor that passes through PoK.

World Bank approves $500 million loan to Pakistan for energy sector reform in the country reeling under frequent power cuts. WB’s approval will also pave the way for the sanctioning of a $400 million loan by the Asian Development Bank(ADB) and a $50 million grant by Japan.

18 | Page

AC Power Booster 2015 State Bank of India launches Neev fund to help low-income states

AC Power Booster 2015

State Bank of India launches Neev fund to help low-income states was launched by Prime Minister NarendraModi in UK in the presence of David Cameron. The fund will invest in small infrastructure projects in eight low-income states aiming at providing equity partnerships for small infrastructure development in sectors like water and sanitation, clean energy and urban infrastructure.

HDFC, YES Bank to list bonds on LSE- Mumbai headquartered Housing Development and Finance Corporation (HDFC) and Maharashtra headquartered YES Bank are planning to list their bonds on the London Stock Exchange. YES Bank is planning to raise $500 mn by issuing of “Green bonds”.HDFC is planning to raise to raise $750 mn by issuing rupee denominated offshore bonds aka “masala bonds”.

World Bank and Andhra Pradesh ink $75-m credit deal for rural project- Troika has been inked worth $75 million credit deal for the Andhra Pradesh Rural Inclusive Growth Project. The agreement was signed by Raj Kumar, Joint Secretary (Department of Economic Affairs) of Ministry of Finance; SunithaKolaventy, Finance Secretary of Andhra Pradesh and OnnoRuhl, World Bank Country Director in India.

Govt approves six FDI proposals worth Rs. 1,810 croreThe Foreign Investment Promotion Board (FIPB) cleared six FDI proposals envisaging foreign investment including the IIFL Holdings.Outlay :Rs 1,810 croreApproved Proposals: IIFL Holdings, Agile Electric Sub Assembly, Sharekhan Ltd, SeQuent Scientific and US-based Monsoon Capital for investment Alternative Investment Trust (AIF).

Kotak subsidiary gets IRDAI nod to commence operations to commence business as an insurance company. With the addition of general insurance business, Kotak Mahindra Group with existing presence across banking, wealth management, life insurance, broking, mutual fundsand alternate asset management .

Axis Bank enters Bangladesh, opens representative office in DhakaAxis Bank opened a representative office in Dhaka, capital city of Bangladesh by Axis Bank group executive, (corporate relationship group & international business) P Mukherjee.

SEBI signed MoU with Bangladesh Securities and Exchange Commission on bilateral cooperationto promote development of economic links and cooperation between the two and aims at enhancing investor protection and creating conditions foreffective development of securities markets in both countries signed by SEBI chairman U K Sinha and BSEC chairman M KhairulHossain.

IDBI Bank becomes first commercial state-owned bank to raise $350 million via selling green bondsfor clean energy projects. Bonds were priced at 4.26% (fixed rate) after adding a mark- up or spread of 255 basis points on five-year US Treasury now at 71%. But, the bank has converted those securities into floating rate, and they are offering 3.22%. Bond will be of five-year maturity.

Axis Bank, Vistara to launch travel credit cardVistara is a joint venture between Tata Sons Limited and Singapore Airlines Limited (SIA) with Tata Sons holding the majority stake of 51 per cent in the company and SIA holding the remaining 49 per cent.

Union Bank ties up with Maharashtra for OTC(over-the-counter) tax collectionIt will give tax payers the convenience of payment at the branch through their account or by cash with online generation of challans and real time updation of records through GRAS.

World Bank launches $500 million carbon market schemedesigned to help developing countries pay for emission reductions and combat climate change.

SBT launches ‘affordable housing loan’ schemeState Bank of Travancore (SBT) has launched a ‘Housing for All (Urban): Mission 2022’ to provide affordable housing to families belonging to the economically weaker sections/low-income groups in the urban centres.

HDFC Bank launches Rs 30-cr marketing campaign Country’s second largest private sector lender HDFC Bank has launched ‘sonic branding’ or a musical logo it will spend over Rs 30 crore to promote the new brand positioning which stresses on the digital banking.

China’s Parliament ratifies AIIB agreement $100 bn Asian Infrastructure Investment Bank (AIIB) agreement which establishes the legal framework for the bank.Lawmakers voted on the agreement at the closing meeting of the bimonthly session of the National People’s Congress (NPC)

19 | Page

AC Power Booster 2015 Standing Committee.China being the largest shareholder , the ratification is a

AC Power Booster 2015

Standing Committee.China being the largest shareholder, the ratification is a significant step closer to the AIIB’s formal establishment slated for the end of 2015.

Deal between Emirates Bank & SBI for easier to help NRI customers to carry out their remittances instantly and more conveniently. UAE’s Emirates NBD has joined hands with State Bank of India (SBI) for the Direct Remit 60 seconds remittance platform. It has currently existing tie-ups with HDFC Bank, ICICI Bank and Axis Bank in India. The partnership will allow fund transfers to SBI bank accounts across India in 60 seconds at zero fees via online, mobile banking & ATMs.

DECEMBER

Axis Bank launches country's first 'display variant' debit card which will ease generating one time password (OTP) over SMS while transacting, will allow free ATM access across the world, offers on lounge access, loyalty points on transactions and an air accident insurance of Rs 25 lakh and a personal accident insurance of Rs 5 lakh.

MMTC eyes tie-ups with SBI, ICICI, India Post for gold coins to strengthen marketing network for selling Indian Gold coins

Singapore replaces Mauritius as top source of FDI into IndiaSingapore has replaced Mauritius as the top source of foreign direct investment (FDI) into India during the first half of the current fiscal.

SEBI orders freezing bank, demat accounts for the Sunplant Forgings to recover dues worth over Rs 17 crore. The attachment order comes after SEBI, in April, had directed the company and its directors to refund Rs 17.51 crore to the investors which it had illegally raised along with an interest of 15 per cent per annum.

Myanmar inaugurates a new stock exchange Yangon Stock Exchange-The Yangon Stock Exchange is being set up with Japanese assistance. Myanmar government planned law changes will eventually allow foreigners to invest in Myanmar shares.

Luxembourg became the 10th country to ratify AoA of Asian Infrastructure Investment Bank that will lay the legal framework for the China-initiated Asian Infrastructure Investment Bank (AIIB). Apart from Luxembourg, Australia, Austria, Brunei Darussalam, China, Mongolia, Nepal, New Zealand, Singapore and United Kingdom ratified the 60-article agreement so far.

New Zealand formally becomes member of AIIB announced by Finance Minister Bill English. Contribute to the AIIB reaching the 50-percent threshold of the needed for the AIIB to establish operations. New Zealand was the ninth country to formally become a founding member. The AIIB would have around 100 billion U.S. dollars of initial capital to promote sustainable development in the region.

World Bank Group, FIRST Initiative launched Principles for Public Credit Guarantee Schemes to help governments implement public credit guarantee schemes (CGS). Aim : To unlock finance for small and medium enterprises (SMEs).

World Bank approves USD 1.5bn for clean India for the “clean India campaign” to support the government in its efforts to ensure all citizens in rural areas have access to improved sanitation by 2019. This project aimed at strengthening the implementation of the Swachh Bharat initiative of the government.

AC Power Booster 2015 Current Affairs   100 Match Points Numbers Related News 0 Ground

AC Power Booster 2015

Current Affairs

 

100 Match Points

Numbers

Related News

0

Ground Zero Summit 2015

1

Plestinian flag hoisted at UN headquarters for the first time 1 st indigenously built aircraft carrier – INS VIKRANT was decommissioned First “Global Conference on Gender Equality” - Kerala First visually challenged friendly station in Karnataka. Bihar get 1st big FDI in railway

2

Supreme court banned– 2 IPL teams for 2 years - Pune & Rajkot teams replace – CSK / RR Cabinet approves double taxation treaty between India and Turkmenistan EU launched an emergency fund for Africa with $2 billion to combat the poverty RBI includes Bandhan Bank in second schedule list No.2 spot in World Rankings - Indian Boxer Shiva Thapa

3

3 rd Hindi conference going to held at New jersy Centre clears proposal for 3 new AIIMS-Maharashtra, AP, WB Sindhu clinched Macau Open title for third time

4

4 th – GAGAN – Navigation system occiped 4 th spot self navigation system in the

 

world

( USA , RUSSIA , UK , JAPAN )

ICC appointed 4 female umpires for ICC Women’s World Twenty20 Qualifier

5

India occupies 5 th spot in 2015 – youth games BMB offers new loan 5 crores for Doctor loan Draft Aviation Policy-2015 :5/20 rule Gov to roll out BS V norms from April 1, 2019 5 Golden Horse awards conferred on Hou Hsiao-hsien’s “The Assassin”

6

6 th joint Military exercise – INDIA –MALDIVES (EKUVRIN 2015) 6 th Secretary-General of Commonwealth of Nations Patricia Janet

7

7 th BRICS summit – UFFA, Russia –2015 7th Nuclear Energy Conclave in New Delhi India world’s 7th most valued Nation Brand 7 th title -Roger Federer wins 2015 Swiss Indoors Basel Title of Tennis

8

Eight Lakh crores – india railway going to investin infra coming 5 years

9

9 th Regional Pravasi Bharatiya Diwas going to held –USA los angles “4G” operations by Airtel in – 9 Circles PM Narendra Modi ranks 9th in Forbes’ World’s Most Powerful Person

10

10

– small bank license granted by RBI

10th annual meeting of the G-20 held in Turkey $10-bn infra loans for Southeast Asia offered by China 10th East Asia Summit (EAS)

11

11 th Session of INDIA –UAE Economic cooperation held at – Newdelhi India finished third with 11 medals in Track Asia Cup cycling

12

POSCO india puts hold 12 $ bn project at odhisha

13

“SAHAJ “ online registration LPG scheme gears up in –13 cities 13 th India – ASEAN Summit 13th Asian Shooting Championship - HeenaSidhu - gold, Jitu Rai – silver

14

14 th Finance commision takes place from 2015-2020 Nico Rosberg won 14 th championship title Abu Dhabi Grand Prix title of F1

15

15

min Loan offered by HDFC – 2 wheeler loan

GOI eased Foreign Investment norms in 15 sectors China inks $15 billion nuclear deal with Argentina

16

Trade bilateral target 16 $Bn between india & southkorea

16

member High-Level Panel on Health - Yusuf Hamied joined

17

17

medals India topped on table in Asian youth chess championship

17

MoUs signed between NIPERs and Pharma Industry

2015 FIFA U-17 World Cup - Nigeria won

18

Japan country lower rising the “right to vote “ to 18 years

AC Power Booster 2015 19 NAYAK COMMITTEE – proposed 19 k crores into PSBs as

AC Power Booster 2015

19

NAYAK COMMITTEE – proposed 19 k crores into PSBs as per financial inclusion part

20

G-20 – Turkey, antaliya summit launches – G 20 engaging group 20th Law Commission of India -AP Shah

21

CHINA – INDIA

MoUs delas 21 as per pm modi visits

21st INCOFYRA to be organised in Bengaluru 2016

22

India won test series in island country srilanka after –22 years

23

23

“Meji period “Sites in japan has been granted heritage sites by UNESCO

23rd Asia-Pacific Economic Cooperation (APEC) held in Manila, Philippines

23rd prime minister of Canada - Justin Trudeau

24

24 th VYAS SAMMAN for the year 2014 – kamal kishore goenka

25

NASSCOM celebrated 25 th anniversary

26

26

% FDI in fm radio auction for financial year 2015-16

Nov – 26: National constitution day

27

27% increase in Asiatic lion as per census 2014 (total lions –523 increased)

27

deals signed between India and UK

28

Feb 28 th , Arun jaitely made his first full term budget 2015-16

29

Telengana – 29 th state as per state reorganisation bill

30

“30 min AUTO LOAN – 4 Wheeler loan by –HDFC HDFC Bank launches Rs 30-cr marketing campaign

31

31 ST Decmeber – deadline for 500 ruppee note exchange

32

After 32 years, India finally gets LCA Tejas aircraft 32nd Indian Oil Surjit Hockey Tournament – Indian railway

33

33

Lakh km road network – 2 nd highest in the world after USA

34

Forbes listed out 34 – Higest paid actors list this year 2015

35

35 th National Games – Hosted by Kerala ( Services topeed with 159 medals )

36

India – ready to buy – 36 DASULT RAFALE jets from France

37

As per MDG (millennium development goals 2015 ) global malaria incidence rate has fallen by an estimated 37 per cent

38

38 th priminister of Nepal K.P.Sharma oli

39

Govt of India banned 39 drugs under price contol regime

40

Skill India targets –40 crores skilled labour – by 2022

41

41 st G -7 Summit held at Germany

42

42

– Food parks approved by Minister of consumer & food affairs with cost

17000 crores

43

At Age of 43 – “Sundar Pichai” new CEO of google 43rd Chief Justice of India - T S Thakur

44

44 votes of 54 turns to make malcom turnbull sworn as new PM of Australia

45

45 mm caliber artillary gun – DHANUSH Tested sucuessfuly by India army

46

46 years old Vince chhabra – india origin sworn as American federal judge for

 

California

47

At age of 47 – steffi grafh appointed as ayruved brand ambassador of kerala

48

48 th national tiger reserve – Rajaji national park in Uttarakhand by NCTA

49

World’s largest life insurers company which has increased its stake in Reliance Capital Asset Management (RCAM) to 49% from 35%

50

Sunil chettri made 50 – international goals from Indian side (football)

51

51

% banks having access freedom to take in companies default loans

52

INDO –AFRICAN summit 2015 Total number countries participation - 52

53

53% outlay on railway budget 201516 compare to previous fiscal increased

54

At Age of 54 SEKHAR SEN – appointed as chairman of sangeet natak academy

55

FIPB raises cap 55% on kotak Mahindra bank (merger of ING vysya)

56

56

India companies occupies its position this year in FORTUNE 2000 companies

list

57

57 th edition of Ramon magsasysay award confered Indian – sanjeevu chaturvedi, anshu gupta

58

58% hike at cost of 49500 crores issue of commerical papers this FY –2015

59

AS per economic survey 201415 , 59% housholds issued by PDS kersosne

AC Power Booster 2015 60 60 years now the age limit for vesting benefits made

AC Power Booster 2015

60

60 years now the age limit for vesting benefits made by EPFO

61

61 years old XIJINPING – hounred with “NISHAN –e – PAKISTAN”

62

62 nd NATIONAL AWARDS – court (marathi film) was conferred with best feature film

63

Popular telugu comedian M. S. Narayana, 63, Telugu actor expired

64

64

Netaji secret file released out by Westbengal government

65

65 th Berlin international film festival – DHANAK won award from india

66

Section 66A Supreme Court is examining the constitutional validity of Section 66A of the amended Indian Information Technology Act, 2000 Haruki Murakami (66) won Danish literature prize

67

67% RBI foreign currency assets grew this financial year –2014-15 Vikram Gokhale(67) awarded 2015 Vishnudas Bhave Award

68

V. Ramakrishna, 68, Telugu playback singer expired

69

Govt to auction 69 state –owned oil, & gas fields 69th senior National Aquatic Championships - Mana Patel, Virdhawal -best swimmers’ award

70

Mogens Lyketoft was taken in 70 th session of UNGA ( united nations general assembly)

71

As per NSSO – India pegged 71% literacy rate in rural areas

72

72

small applicants received by

RBI for small banks

73

ADITI Ashok Indian golfer finished 73 rd position among 286 in Thailand amateur champion

74

74% India top HDFC Bank highest in market capitalisation Noted economist TS Papola passes away

75

BCCI president – JAGMOHAN DALMIYYA – was died at the age of 75 due to health issue Trio credit deal of $75-m for “egg bowl of Asia” rural project

76

76

times delisting the company as per MAT – No relief for FIIs

77

Anilkumble – 77 th member in – ICC hall of fame

78

78

Millions beneficiaries under – NRHM – JANANI SURAKHA YOJANA

79.

Britain won the Davis Cup for the first time in 79 years

80

80’S Cricketer –sir wisely Winfield hall – induced to ICC hall of fame

81

82

Ramanathan Gnanadesikan, 82, statistician expired

83

First African women “Loretta lynch “ sworn as 83 rd attorney general of USA

84

First aftrican country DURBAN to host 22 nd common wealth games after 84 years

85

85% – smart phones as a proportion of all mobile devices is also the highest in China.

86

86% records improve in literacy rate as per NSSO in urban areas

87

87 th Academy award announced – “BIRDMAN” as best movie

88

Wilfred desouza – former goa chief minister – pass away at the age of 88

89.

Actor Warren Mitchell dies aged 89

 

90

90% penalty and face criminal prosecution on black money bill

91

World War II Veteran Harry Smith , 91-year-old veteran last living person

92

At the age of 92 architect of modern singpore – Lee Kuan Yew was passed away

93

93$ Bn governement announces for highway projects

94.

94

Year old Oskar Groening former guard at the Nazi death camp at Auschwitz

of being an accessory to the murder of at least 300,000 Jews.

95

World handloom day – world 95% handlooms fabric comes from india Tamil devotional singer Pithukuli Murugadas (95) died

96

SEBI order 96 illegal pooling cases

 

97

97% primary school enrolment rate in developing countries was only 86 percent of boys

98

98

no of smart cities – govt of india intiatives for “SMART CITY PROJECTS”

GAIL tops among PSUs in Carbon Disclosure Leadership Index 98 out of 100

99

Worlds oldest graduate @ 99 doreetha daniels graduated from califorinia university

AC Power Booster 2015   India ranks 99 on Global Prosperity Index IISc ranked 99

AC Power Booster 2015

 

India ranks 99 on Global Prosperity Index IISc ranked 99 in Top 100 World University Ranking

100

100% FDI was allowed in private banks & white label ATMs China ratified the $100 bn Asian Infrastructure Investment Bank (AIIB) agreement

DIGITAL PROJECTS recently launched by government & sectors

1. DRISTHI -- civil aviation

2. SAMANVAY -- Rural panchyats

3. DISHA -- Digital literacy ( bihar)

4. eMUDRA - Digital signatures

5. eMIGRATE- Foreign employee

6. NOWCAST - insurance Web portal

7. SPEEDPAY- BSNL Mobile Wallet

8. Vidhyalakshmi - govt for education loans

9. SEHAT- Telemedicine initiative

10. e-Pragathi - integrated governance ( AP)

11. PAHAL-- LPG give it up

12. SAHAJ -- LPG online

13. mAsset - assets map of gram panchyats

14. Smart MIDC-- digital village by Microsoft - Maharashtra

15. Meebhoomi - digital deposit of land records ( AP)

16. Khoya- paya-- missing children's

17. eBiz -- single window for bussiness clernace

18. Rishta -- LED based street lighting -- Himachal Pradesh

19. Eshakti -- NABARD digitalisation for SHGS

20. Internet Saathi-- Google& TATA supplies bicycles to rural women

21. e-tourist visa-113 Target-150(2016)

22. Project Nilgiri-400 railway stations(free wi-fi)

23. e-catering-by IRCTC-45 stations

24. KISAN PROJECT-improvement in yield estimation,Crop Cutting Experiments (CCEs)

25. e-District project-nickname – Guiding Light-doing away of the need to produce affidavits and also

introduced the concept of self-attestation.

26. e-lala-business-to-business and trader-to-customer transactions and reduce costs

27. Highly encrypted Cloud system of the Indian Army-Digital Army-central date centreand near line

data centre

28. GIAN Scheme-to boost higher education

29. Centre of Excellence on Internet of Things (IoT)-IoT will help the citizens in services like transport

system, parking, electricity, waste management etc.

30. Bharat Net-high-speed digital highway will connect all 250,000 gram panchayats

Big Projects Numbers

PMKSY – 50000 crores for 5 years.2015-16 - 5300 crores

Pradhan Mantri Gram Sadak Yojana - 2015-16 - Rs 5,000 Cr

PMKVY – pradhan mantri kaushal vikas yojana for 10/12 drop outs – 1500 crores

PMGSY – Rs.5300cr

PMJDY depositers reached – 25147 crores

AMRUT scheme – 50,000 crores – 102 cities approved

Andhra Pradesh towns – AMRUT - 673 crore

AMRUT plan for water logging in 25 cities - Rs 242 crore

SMART CITIES project –48000 crores

Soil Health Card Scheme - Rs.100 crore

Swachh Bharat Abhiyan - Rs 7,366 crore - 2nd October of 2019.

Namami Ganga Project - 20000 crores

INDRADANUSH- Target -2020

DUGY - 76,000 crore

Shyama Prasad Mukherji Rurban Mission - Rs 50,000 crore – 2019

Housing for All by 2022 scheme - 2 lakh houses in urban & 4 lakh houses - 305 cities were identified

HRIDAY - 500 Crores – 2019 – 12 cities

AC Power Booster 2015  PRASAD- Rs.15.60 crore - 12 cities  SPMRM- develop 300

AC Power Booster 2015

PRASAD- Rs.15.60 crore - 12 cities

SPMRM- develop 300 clusters-5,000 crore rupees

Rural infrastrcuture fund (RIDF) – 25000 crores

Long term rural credit fund – 15000 crores

Karnataka, Gujarat under NDRF(National Disaster Relief Fund) - Rs 2100 crore

Short-term cooperative refinance fund – 45000 cr

RRB finance fund – 15000 crores

MUDRA Bank – 20000 crores ; intial corpus –3000 crores

Unclaimed deposits for PPF – 3000 crores / EPF – 6000 crores

National investment infrastructure fund –(NIF) – 20000 crores

ATAL innovation scheme – 150 crores

SAFE INDIA – nirbhaya fund –1000 crores

SETU ( self employment and talent utilization ) –1000 crores

Pradhan mantri kaushal vikas yojana ( PMKVY) – 1500 crores

INDHRADHUNASH banking scheme fiscal 2015-16 – 20000 crores

Rajiv gandhi panchyati sahastikaran abhiyan – 2 lakh crores ( 2.4 lakh panchyats)

LPG subsidy pay out – 40591 crores

IAF – india aspiration fund – 2000 crores

SMILE FUND – SIDBI make india loan for enterprises – 10000 crores

Jal marg vikas project ( National water way -1 ) – 4200 crores

NABARD – Credit to farmers for irrigation – 30000 crores

ATIF – Agri tech infrastrcture fund – 200 crores ( 250 mandis)

Central Victim Compensation Fund(CVCF) - 200 crore

Varistha pension bhima yojana ( name of atal ) – 6095 crores

CAMPA-compensatory afforestation fund mangement planning authority– 3800 crores

IRFC – indian railway finance cooperation to facility india railways through LIC – 1.5 lak cr

EPFO – employemnt provident fund organisation – 2000 crores fro FY2015

FAME – faster adoption and manufacturing of hybrid electric vehicle – 795 crores

OROP - Rs 500 Crore

Skill India - 500 Million jobs by 2020

Proposal for shipbuilding industry - 4000 crore rupees

National War Memorial at India gate -Rs 500 crore

National Watershed Management Project – Neeranchal - Rs. 2142.30 crore - 9 States

Green Indian Mission - 4 states-Rs. 90,202.68 lakh

e-Tourist Visa Scheme – 37 added total 150 countries

IPDS Scheme - Rs. 500 core

All-round development of J&K - Rs. 80,000 cr

WB Integrated Child Development Services Scheme (ICDS) - 1000 Days - Rs 1,474 crore

Odisha - Amo doli Programme-183 remote villages-to help naxal-affected people

Mission Abbas - Odisha to provide affordable houses to urban poor

Delhi Govt’s “Bill Banvao, Inaam Pao” scheme – Min Rs.100

50 districts in Uttar Pradesh declared drought-hit

Telangana Government declared 231 mandals as drought-hit - Rs.1,000 crore

Chhattisgarh declares 7 tehsils as drought hit

Jharkhand Government declares entire state as drought hit

Maharashtra Drought hit Villages 14708

Maharashtra - APJ Abdul Kalam Amrut Yojna – 16 district

Maharashtra - Gopinath Munde Farmers Accident Insurance Scheme - Rs two lakh: 10-75 year age group - Rs 27.25 crore

Stamps issued by Govt of india in 2015

100 Years of Mahatma Gandhi's Return

Beti Bachao Beti Padhao

SWACHH BHARAT

Project Rukmani

Indian Ocean and Rajendra Chola 1

Engineers India Limited

India France Joint Issue was issued

Patna High Court

Old Seminary kottayam

AC Power Booster 2015  International Yoga Day  Nabakalebara -2015  Samrat Ashoka 

AC Power Booster 2015

International Yoga Day

Nabakalebara -2015

Samrat Ashoka

Commemorative postal stamp on Dr Bhimrao Ramji Ambedkar

Stamps of Indira and Rajiv Gandhi - withdraw

Stamp to mark centenary year of ZSI

COINS issued by govt of india

175 th birth anniversary of Jamsetji Nusserwanji Tata--100rs & 5rs

150 th birth anniversary of Lala Lajpat – Rs.150

125 th President Dr. Sarvepalli Radhakrishnan.—Rs.10 & 125

100 th birth centenary of Rani Gaidinliu – Rs.100 and Rupees 5.

50 th BHEL’s Golden Jubilee of Rs.50 and Rs.5

Birth centenary of Swami Chinmayananda - Rs.100 and Rs. 10 to mark

Begum Akhtar, India Governnent released a set of commemorative coins of Rs.100 and Rs.5.

125th birth anniversary of Bhim Rao Ambedkar’s - Rs 125 coin

20 grams gold coin in commemoration of Gandhiji’s 146 th birth anniversary – BCCI

Coin with Ashok Chakra and Mahatma Gandhi

Coins Issued by RBI in 2015

“Golden Jubilee of Indo-Pak War 1965"

RBI’s Monetary Museum unveils Special Display of Mysore Coins

125th Birth Anniversary of Jawaharlal Nehru

"Centenary of Komagata Maru Incident""International Day of Yoga" – Rs.10

Golden jubilee of 1965 Indo-Pak war - Rs 5 coin

Highlights Of Union Budget 2015-16

Taxation

Abolition of Wealth Tax.

Additional 2% surcharge for the super rich with income of over Rs. 1 crore.

Rate of corporate tax to be reduced to 25% over next four years.

No change in tax slabs.

Total exemption of up to Rs. 4,44,20f0 can be achieved.

100% exemption for contribution to Swachch Bharat, apart from CSR.

Service tax increased to14 per cent. AGRICULTURE

Rs. 25,000 crore for Rural Infrastructure Development Bank.

Rs. 5,300 crore to support Micro Irrigation Programme.

Farmers credit - target of 8.5 lakh crore. Infrastructure

Rs. 70,000 crores to Infrastructure sector.

Tax-free bonds for projects in rail road and irrigation.

PPP model for infrastructure development to be revitalised and govt. to bear majority of the risk.

Atal Innovation Mission to be established to draw on expertise of entrepreneurs, and researchers to foster scientific innovations; allocation of Rs. 150 crore.

Govt. proposes to set up 5 ultra mega power projects, each of 4000MW. Education

AIIMS in Jammu and Kashmir, Punjab, Tamil Nadu, Himachal Pradesh, Bihar and Assam.

IIT in Karnataka; Indian School of Mines in Dhanbad to be upgraded to IIT.

PG institute of Horticulture in Amritsar.

Kerala to have University of Disability Studies.

Centre of film production, animation and gaming to come up in Arunachal Pradesh.

IIM for Jammu and Kashmir and Andhra Pradesh. Defence

Allocation of Rs. 2,46,726 crore an increase of 9.87 per cent over last year.

Focus on Make in India for quick manufacturing of Defence equipment.

WELFARE SCHEMES

AC Power Booster 2015 • GST and JAM trinity (Jan DhanYojana, Aadhaar and Mobile) to

AC Power Booster 2015

GST and JAM trinity (Jan DhanYojana, Aadhaar and Mobile) to improve quality of life and to pass benefits to common man.

Six crore toilets across the country under the Swachh Bharat Abhiyan.

MUDRA bank will refinance micro finance orgs. to encourage first generation SC/ST entrepreneurs.

Housing for all by 2020.

Upgradation 80,000 secondary schools.

DBT will be further be expanded from 1 crore to 10.3 crore.

For the Atal Pension Yojana, govt. will contribute 50% of the premium limited to Rs. 1,000 a year.

New scheme for physical aids and assisted living devices for people aged over 80.

Govt. to use Rs. 9,000 crore unclaimed funds in PPF/EPF for Senior Citizens Fund.

Rs. 5,000 crore additional allocation for MGNREGA.

Govt. to create universal social security system for all Indians.

Disinvestment In PSUs Fiscal 2015-16

 

ONGC

5%

13100 crores

INDIAN OIL

10%

9000

crores

NTPC

5%

6000

crores

NMDC

10%

4800

crores

BHEL

5%

3000

crores

NHPC

11.36%

2400

crores

NALCO

10%

1200

crores

Renewable Energy

Rs. 75 crore for electric cars production.