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General Studies.

General Studies.

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Published by gauravmdiwakar

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Published by: gauravmdiwakar on Sep 10, 2012
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Extreme pressure from Pharmaceuticals companies on doctors for
the prescription of ‘miracle’ antibiotics in irresponsible manner is
creating more problems as it leads to drug resistant to large scale.
The states are placed relatively in a disadvantageous situationconstitutionally compared to the center. While center can borrowboth from domestic and foreign markets, the states can notborrow directly from abroad.
GATT: General Agreement on Trade and Tariffs.
The Standing Parliament Committee has rejected the proposal toincrease the FDI cap in the insurance sector to 49 per cent. Theproposal is a part of Insurance Laws (Amendment) Bill, 2008.
CRPS: Cumulative Redeemable Preference Shares
WADA: World Anti-Doping Agency
The Cabinet Committee on Security (CCS) has approved thesetting up a National Counter Terrorism Center (NCTC) tocoordinate and collate terror intelligence and disseminate it tovarious security agencies.
D Subburao is the 22
Governor of the RBI.
RBI holds 100% share of National Housing Bank 
NHB. RBI alsohas 72% share of Nabard.
There are four deputy governors in RBI. Currently, these are H RKhan [New], K C Chakrabarthy, Anand Sinha, and Subir Gokarn.
It has been fixed by the RBI that the Reverse Repo Rate will be100 basis point [means one percent lower] than the Repo Rate, andthe Marginal Standard Facility [MSF] Rate will be 100 basis point[means one percent higher] above the Repo Rate. As you can see,currently, Repo Rate is 8 percent, hence Reverse Repoautomatically becomes 7%, and the MSF Rate automaticallybecomes 9%.
Shyamala Gopinath is the last Deputy Governor who was retiredfrom the RBI. H R Khan replaced HER.
The number of policy statements [Reviews] by the RBI in a year iseight.
As announced by the Finance Minister, the RBI is going to issuelicenses for new banks. The draft guidelines issued by RBI for thispurpose has following main points [Important]
Minimum Capital Requirement is 500 Crore.
Non-resident shareholding [means people outside of India] willbe restricted to 49% - for first five years. As a matter of fact, thecurrent FDI in banking sector is 74%.
Entities or group having significant [10% or more] income orassets or both from construction, real estate, or brokingactivities will not be allowed to open new banks.
Exposure of the bank in the promoter group should not exceed10%.
The RBI had deregulated fixed deposits [means bank can decideFD rate on their own] in 1997. However, Savings Rate is stilladministered and decided by the RBI. Currently, the savings rate is3.50% which has not changed since 2003.
RBI favors the bifurcation of posts of Chairman and MD in PublicSector banks. RBI had constituted a committee in 2004-05 underA. S. Ganguly to study this issue and the committee hadrecommended the bifurcation of CMD post. Following thebifurcation was done in the private sector
ICICI Bank has CEO,not CMD
in 2007. However, SBI has already bifurcated the postand Prateep Chaudhary is Chairman, not CMD, there are four MDin SBI.
Recently, RBI had fined CITY Bank for not following KYCnorms. This is because of high profile news of a city bank employee of Gurgaon corrupted crores of rupees.
The US based City Bank is headed by Vikram Pandit, an Indian.
Iran Oil Problem is very important. I will tell more about it overthe phone.
Committee on Customer Service in Bank is formed by RBI underthe chairmanship of M Damodaran. This committee recommendedvarious measures to up the level of customer experience in allbanks.
Banks are compulsorily required to get their deposits insured fromDeposit Insurance and Credit Guarantee Corporation (DICGC)
S. Raman is the CMD of Canara Bank.
As per RBI guidelines, the exposure ceiling limits are 15 per centof capital funds in case of a single borrower and 40 per cent of capital funds in the case of a borrower group.
However, the credit exposure to a single borrower can go up to 20per cent, if the additional 5 per cent exposure is on account of extension of credit to infrastructure projects.
Similarly, the credit exposure to borrowers belonging to a groupmay go up to 50 per cent, if the additional 10 per cent exposure isfor credit to infrastructure projects.
The bank rate has not been changed since 2003
currently 6%.Bank rate is a long term indicator of policy rates, while repo andreverse repo are short terms indicators of policy rates.
RBI had constituted Malegan Committee to check the presentpolicies regarding Microfinance. It should be noted that theproblem with SKS Microfinance led to so much controversy which

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