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Current Affairs and GK Dose for IBPS RRBs Exam 2013


Important News of RBI: 1. RBI has launched a website explaining ways to detect counterfeit notes with a tagline 'Pehchano Paise Ki Boli, Kyunki Paisa Bolta Hai'. 2. R.B.I. directed Banks to follow Clean Note Policy. 3. RBI started Plastic Money Project on Trial Basis in 5 cities of India with the denomination of 10 rupees and will continue with other small denominations depending upon the success of these notes. 4. The Union Government and RBI on 12 March 2013 decided to introduce one billion pieces of 10 Rupees bank notes made of plastic on a field trial basis in five cities of Kochi, Mysore, Jaipur, Bhubhaneswar and Shimla. 5. RBI guide lines for the clearance of all the cheques is 2 days. 6. RBI hiked the investment limit in government securities by FIIs and long-term investors $25 billion from $20 billion and in corporate bonds $50 billion from $45 billion. 7. Under the 'Basic Savings Bank Deposit Account (BSBDA) scheme, any individual, including poor or those from weaker section of the society, can open zero balance account in any bank (including foreign banks). 8. RBI permitted the premature encashment of 8% savings (Taxable) Bonds for individual investors who are 60 years and above in age. 9. RBI issued norms for currency swap window for fresh foreign currency non-resident bank- FCNR(B) deposits mobilized for a minimum tenor of 3 years. 10. RBI allowed the Non-Resident Investors including NRIs to buy Shares under FDI Scheme. Till now, the FIIs (Foreign Institutional Investor), QFIs (Qualified Foreign Investors) and NRIs were eligible to invest and acquire the shares on the recognized stock exchanges of India in compliance with the FEMA (Foreign Exchange Management Act) regulations. But the NRIs were not allowed to acquire shares on exchange (bourses) under the FDI Scheme. 11. The RBI said, min paid-up equity of 25 % should be held directly by the lender. Also, repayment of the principal will commence only after completion of minimum average maturity of 7 years and no prepayment will be allowed before maturity. 12. RBI opens special dollar window for 3 oil marketing firms: the central bank has activated the forex swap window, whereby it will undertake sell/buy of dollar-rupee forex swaps for a fixed period with Indian Oil Corporation, Hindustan Petroleum and Bharat Petroleum through a designated bank. 13. The RBI imposed restrictions on banks and NBFCs for providing loans against gold coins as well as units of gold ETFs and mutual funds to curb demands for gold. Also banks were asked to ensure that the amount of loan to any customer against gold ornaments, gold Jewellery and gold coins (weighing up to 50 grams) should be within the board approved limit. 14. UAE Exchange, one of the largest foreign exchange firms in the United Arab Emirates, has applied to RBI for a banking license in India. 15. The RBI has increased banks' cost of borrowing short term money through the Marginal Standing Facility (MSF) rate and Bank Rate each by 200 basis points (2 per cent) to 10.25 per cent. The RBI has capped the amount banks can borrow from overnight markets to Rs. 75,000 crore. 16. The Reserve Bank opened a special borrowing window of Rs 25,000 crore to help the crisis-ridden mutual funds tide over liquidity problems.

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17. Aditya Birla Group chairman Kumar Mangalam Birla has resigned from RBI board to avoid any conflict of interest as one of his group firm is in the race for a new banking licence. 18. In view of a series of chit fund frauds, RBI has decided to set up a separate forum for coordination and sharing information to rein in such investment schemes. 19. Reserve Bank will examine financials of 34,754 non-banking finance companies (NBFCs) to ascertain their eligibility. "The main objective is to determine whether among these companies there are NBFCs that ought to have registered with the RBI for carrying on their NBFI (non-banking financial institution) activities,". 20. The RBI announced its decision to buy long-term government bonds worth Rs 80 billion (nearly $1.3bn) to pump more liquidity into the country's banking system. Current RBI Rates
CRR 4% SLR 23% Repo Rate 7.25% Reverse Repo 6.25% MSF 10.25% Bank Rate 10.25%

21. Rajan announced an external committee, under the chairmanship of former Governor Bimal Jalan, to screen applicants for new bank licences, from January next year. 22. Karur Vysya Bank wins best banker award.

ECONOMIC DOSE:
FDI Limits: Sr no. 1. 2. 3. 4. 5. 6. 7. 8. 9. List of Limits in Various Sectors (In %) Defence 26 Pension 49 Insurance 49 Print Media 26 Civil Aviation 49 Public Sec. Banks 49 Private Sec. Banks 74 Multi Brand 51 Single Brand 100

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10. 11. 12. 13. 14.

Tourism Pharmaceuticals FM Radio Telecommunication Asset Reconstruction companies

100 100 26 100 100

Global Competitiveness Report released by World Economic Forum (WEF): World Bank Forecast GDP growth rate for India: a) 5.7% in 2013-14 b) 6.5% in 2014-15 c) 6.7% in 2015-16

Indias GDP growth:


a) The Economic Advisory Council to the Prime Minister (of India) lowers growth projection for 2013-14 to 5.3 pc from 6.4 percent projected earlier. b) Indias GDP growth likely to be at 5.2% in 2013: United Nations Conference on Trade and Development (UNCTAD). c) RBI recently in its quarterly review has scaled down the growth projection for the current fiscal to 5.5 per cent from its earlier estimate of 5.7 per cent. d) Asian Development Bank lowered its growth projection for India to 5.8 per cent in calendar 2013 from 6 per cent estimated earlier, citing the slow progress of economic reforms. e) International Monetary Fund outlook projects Indias economic growth at 5.6 per cent this year.

IMFs GDP growth:


a) 5.7 %- For India (According to World Economic Outlook ) for 2013. b) 3.3%- For global growth. * Faced with a weakening rupee, the Reserve Bank announced it will sell government bonds worth Rs 22,000 crore every Monday to check volatility in the forex market. * Muthoot Fincorp, which is actually a part of Muthoot Pappachan Group, announced launching 100 crore Rupees non-convertible debenture (NCB) issue in order to fund the expansion of microfinance as well as small and medium enterprise (SME) business * According to the World Bank India is Largest Recipient of Remittances in the World, receiving 69 billion US Dollars in 2012. India is followed by China (60 billion US dollars), the Philippines (24 billion US dollars), Mexico (23 billion US dollars) and Nigeria and Egypt (21 billion US dollars each) are Other large recipients include Pakistan, Bangladesh, Vietnam, and Lebanon. * World Bank recorded that remittance flows to developing countries grew by 5.3 per cent to reach an estimated 401 billion dollar in 2012.

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IMPORTANT POINTS TO REMEMBER


a. MOU Signed by India: 1. India and Japan signed a currency swap agreement for up to 50 billion dollars today to address short-term liquidity problems. The bilateral swap arrangement (BSA) has been inked between the Reserve Bank of India and the Bank of Japan. 2. Germany will provide USD 1.3 bn for renewable energy in India. 3. India signed an agreement with Belgium for the modernization of the Indian Railways. 4. India and Russia signed pacts on Economic Ties for $2 billion Investment Fund. 5. India signs $70 million loan pact with World Bank for Karkataka Health Systems Development, Reform Project. 6. India and China sign 11 pacts to enhance trade and economic ties. 7. India and World Bank Signed 500 Million Dollar Deal for Shiksha Abhyan.

8. Trade between South Asian countries crosses $2 billion following the implementation of South Asian Free Trade Area (SAFTA) 9. India and Ukraine signed 5 agreements to enhance cooperation including in areas of defence, Nuclear energy, Science and Technology and also to remove barriers for trade. 10. India and Sweden sign pact to enhance cooperation on social security. 11. India and Japan signed an Earths Pact that will enable the latter to import the rare Earth minerals from India. 12. India and ASEAN signed the free trade agreement (FTA) in services and investments to boost trade to $100 billion by 2015. 13. India, Mauritius met to review bilateral Double Taxation Avoidance Convention. 14. India and Bangladesh Decided to increase Rail Link Projects. 15. India, Bangladesh to set up Joint Inspection team for successful implementation of Border Trade. 16. India and Bangladesh signed Agreements on Extradition and Visa Regime. 17. India & Mauritius sign MoU in textile sector. 18. India & Austria ink social security pact. 19. India and Bangladesh signed MoU on Health.

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20. India and France concluded negotiations on the Short Range Surface to Air Missile nearly worth USD 6 billion. 21. India and UK Signed MoU on in Earth Sciences. 22. India and Germany inked 6 key MoUs including that for putting together 7 million for next 4 years towards joint research in the field of higher education, for strengthening the green energy corridor, to promote German as a foreign language. 23. India and Sri Lanka signed two agreements. a) Combating International Terrorism, illegal Drug and Human Trafficking. b) An agreement on Avoidance of double taxation and prevention of fiscal evasion Japan to close embassy in Mali over worsening security situation. 24. 7 key pacts in the areas of cyber security, Information technology, services, electronics, small and medium enterprises, manufacturing, fertilizers, and renewable energy was signed between India & Egypt. 25. India and Liechtenstein signed the Tax Information Exchange Agreement (TIEA) at Bern, Switzerland. 26. India, Myanmar & Thailand decided to implement Trilateral Connectivity Project by 2016. 27. India offered Telecom Support to Turkmenistan. 28. India & Azerbaijan inked 3 key pacts for creating the necessary legal framework in areas of extradition. 29. India and Malta signed the new DTAA (The Double Taxation Avoidance Agreement) at Valetta. 30. India and Nepal agreed on Cooperation in Tourism: The both side also suggested joint promotion and development of Buddhist Tourism sites in both the countries. 31. The Andhra Pradesh Government signed a MoU with the Google India under its Education Initiative. 32. Andhra Pradesh signed an MOU with the prestigious Massachusetts Institute of Technology (MIT) for better education. 33. India and Myanmar set three billion dollar trade target by 2015. 34. Exim Bank approves $300 million loan to Ethiopia for Railway Link: 35. India, Hungary join hands for gas monitoring system. 36. India, China in its 16th round of border talks discussed the Maintenance of peace and tranquility in the border areas in Beijing. 37. NTPC set agreement for the 2 x 250 MW Sampur power project in Trincomalee in Sri Lanka . 38. India inked a $252-million loan agreement with the Asian Development Bank (ADB) for continued improvement of rural roads in Assam, Chhattisgarh, Madhya Pradesh, Odisha and West Bengal. 39. NTPC and Power Development Bangladesh signed 3 Pacts in Dhaka which were i. Power Purchase Agreement (PPA), ii. Implementation Agreement (IA) & iii. Supplementary Joint Venture Agreement (SJVA). The most important pact was signed for setting up of the biggest ever joint venture project of 1320 Megawatt Coal based power plant, which is to be developed over an area of 1834 acres of land near Mongla Seaport in Rampal Upazila at an expense of 1.6 billion US dollars.

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40. India, China signed a series of (MoUs) on pharmaceuticals, buffalo meat and fisheries and an agreement on feed and feed ingredients to address the growing trade deficit. The trade deficit has increased from $1.08 billion in 2001-02 to $40.77 billion in 2012-13. 41. India, Hungary joined hands for gas monitoring system.Gujarat Info Petro Ltd, a subsidiary of Gujarat State Petroleum Corporation, has signed an agreement with Cason Engineering Plc, Hungary, in pursuant to the MoU signed during the Vibrant Gujarat Summit-2013, for a gas monitoring system. 42. India, Azerbaijan ink three key pacts for the legal framework in areas of extradition. 43. India & Thailand signed seven MOU's in different areas of MoUs covering space, extradition, IT, education, and financial intelligence units to check money laundering. 44. NTPC inked pact for for the execution of the proposed 2X250 MW Sampur power project in Trincomale, Sri Lanka. 45. India, China discuss border issue; eight pacts signed in a Delegation level talks held in New Delhi between PM Manmohan Singh & china PM Li Keqiang. 8 pacts were signed including one on Brahmputra river data sharing , Trade and economic cooperation 46. India and UAE signed an MoU on Air Services as a follow up of the two day bilateral negotiation at Abu Dhabi. With this the number of seats between India and Abu Dhabi has been increased to 50000 passengers per week. 47. India and Netherlands signed MoU in the Field of Urban Planning 48. The Election Commission of India and the National Literacy Mission Authority, Ministry of Human Resource Development signed a MoU on Electoral Literacy and Greater Participation for a Stronger and Inclusive Democracy in New Delhi. 49. India, at present, is the second largest producer of rice. Thailand is the largest producer of rice in the World. 50. India-Chile to Enhance Cooperation in Renewable Energy: India plans to add over 30 GW of renewable energy to its energy mix in the next 5 years alone.

UNION BUDGET 2013-14


1. Amount Allotted for Major Sectors in Union Budget 2013-14 presented by Finance Minister P Chidambaram.
Sr no. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. Sector Total budget Planned expenditure Unplanned expenditure Kisan credit card (KCC) Defence Rural development Scheme MGNREGA Sarva shiksha abhyan Pradhan mantri gram sadak yojana RIDF(Rural Infrastructure Development Fund) Integrated child development scheme Drinking water and sanitation Amount (in Crores) 1665297 555322 1109975 7 Lac 203672 80194 33000 27258 21700 20000 17700 15260

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13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. Indira Awaj Yojana JNNURM Public sector banks Mid day meal SIDBI Agriculture development project Environment and foresty Rural housing fund Agricultural research NABARD to finance construction of godowns and warehouses. NFSM Medical, education and research Urban housing fund Women Bank Nirbhaya Fund Green revolution for eastern zone(Assam, Odissa, Jharkhand, Chattisgarh, WB) mainly for rice production Science and Technology 15184 14873 14000 13215 10000 9954 2430 6000 3415 5000 2250 4727 2000 1000 1000 1000

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29.

6275

30. 31. 32.

Microfinance equity fund Crop diversification Agri business

100 500 100

2. The revised expenditure target is Rs 14,30,825 crore. 3. Relief of Rs 2,000 for tax payers in tax bracket of Rs. 2-5 lakh. 4. Average economic growth rate in 11th Plan period is 8 %, highest ever in any Plan period. 5. Food grain production in 2012-13 will be over 250 million tons. 6. Rs 14,873 crore for JNNURM for urban transportation in 2013-14 against Rs 7,880 crore in the current fiscal. 7. Rs 5,284 crore to various Ministries for scholarships for SC/ST, OBC and minority students. Fiscal deficit: a) Fiscal deficit seen at 5.2 % of GDP in 2012/13. b) Fiscal deficit seen at 4.8 % of GDP in 2013/14. c) Fiscal deficit to 3 % by 2016/17

Taxes: Service tax (12%), Custom duty (10%) & Excise duty (12%) remains unchanged. Tax benefits in RGESS extended to 3 years: a) The Rajiv Gandhi Equity Savings Scheme (RGESS) will be liberalised to enable first time retail investors to invest in mutual funds and listed shares and not in one year alone, but for three successive years.

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b) Under the scheme, an individual with an income of less than Rs 12 lakh would get tax incentives for investing up to Rs 50,000 in the stock market. c) Also, the limit for investors wanting to invest in RGESS has been raised to Rs 12 lakh from Rs 10 lakh earlier.

HIGHLIGHTS OF RAIL BUDGET 2013-2014 1. 67 new express and 26 passenger trains to be launched. 2. Educational tourist train "Azadi Express" proposed. 3. Indian Railway Financial Management Institute to be set up at Secunderabad. 4. Target of investment of 1 lakh crore through PPP mode in 12th FYP. 5. For the first time, Arunachal Pradesh brought under Rail Network. 6. Complementary passes for Rajiv Gandhi Khel Ratna and Olympic awardees. 7. Dronacharya awardees to get Shatabdi and Rajdhani passes.

New factories/workshops to be set up


1. New Forged Wheel Factory at Rae Bareli in collaboration with Rashtriya Ispat Nigam Limited. 2. A Coach Manufacturing Unit in Sonepat District (Haryana) in collaboration with State Government. 3. A Midlife Rehabilitation Workshop at Kurnool (Andhra Pradesh) in collaboration with the State Government. 4. Bikaner and Pratapgarh workshops to undertake POH of BG wagons. 5. A workshop for repair and rehabilitation of motorized bogies at Misrod (Madhya Pradesh). 6. A new wagon maintenance workshop in Kalahandi (Odisha).

Current Affairs:
1. India's first 'military' satellite (GSAT) launched successfully. 2. Cabinet clears power projects worth over Rs.83,000 crore. 3. In its first ever loan to private agri-business in India, Asian Development Bank (ADB) will provide $ 18.4 million to Champion Agro to set up cold storage facilities for fruits and vegetables focusing on Gujarat. 4. The Union Cabinet approved the proposal for setting up of the Bharat Rural Livelihood Foundation (BRLF) as an independent charitable society under the Societies Registration Act, 1860. 5. ICICI Bank, the countrys largest private sector bank, launched its Branch on Wheels to offer basic banking services in remote areas which have so far been devoid of banking facilities. 6. Paradip Port was conferred with the Major Port of the Year award for its excellent performance in the year 2012-13. 7. The Government has decided to set up two new major ports one each at Sagar in West Bengal and the other at Dugarajapatnam in Andhra Pradesh.

8. For the first time, an innovative Explosive Detection Kit developed by Indian scientists of DRDO will be manufatured in the United States and sold globally

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9.Asian Development Bank (ADB) will provide about 6 billion dollars loan to India to maintain its lending level to India. 10.President inaugurated Rs 9000 crores first Gas-based Power Plant powered by ONGCTripura Power Corporation (OTPC) at Palatana in Tripura, which would produce 363.3 MW in the first phase. 11. Prime Minister Manmohan Singh released a commemorative stamp of Rs 5 in memory of freedom fighter and veteran journalist Lala Jagat Narain. Nagaland became the first state to use the high-tech voter recording system 'Voter Verifiable Paper Audit Trail' (VVPAT) with Electronic Voting Machines for the by-elections to Noksen Assembly constituency. 12. Chhattisgarh has been selected for this year's prestigious National Literacy Award for the first time since its formation in November 2000. The award was presented on the International Literacy Day celebrated on September eight. 13. Aditya Birla Group ( Ultra Tech Cement) to acquire Gujarat cement for Rs 3,800 crore. 14. Retirement fund body EPFO is likely to announce an interest rate of 8.5 percent from 8% on provident fund deposits for 2013-14. 15. Tata Communications Payment Solutions (TCPS), a wholly owned subsidiary of Tata Communications, is the first company to launched first white label ATM (WLA) at Chandrapada, a tier-V town near Mumbai. It has been branded 'Indicash' by the company. TCPS has got the license from Reserve Bank of India (RBI) to launch white label ATM operations last month under scheme B of the central bank. 16. The Karnataka State government sanctioned Rs 100 crore for Rajiv Gandhi Panchayat Sashaktikaran Abhiyan for strengthening gram panchayats and gram sabhas by providing training to members. 17. The International Olympic Committee has asked the Indian Olympic Association to drop charge-sheeted members by October 31 to enable its return to the Olympic family. 18. Andhra Pradesh Grameena Vikas Bank (APGVB) has opened about 1.5 lakh no-frills accounts in eight districts of the State on a single day as part of Direct Benefit Transfer (DBT) initiative. 19. Central Bank of India and Suvidhaa launched a prepaid (Channel) card for retailers that will enable people to pay their utility bills, taxes and book tickets by going to the nearest Suvidhaa outlets. 20. India to buy $4.3 billion worth of World Bank bonds: The government announced it decision to invest $4.3 billion (Rs 27,000 crore) the World Bank's special private placement bonds (SPPBs) so that the country could remain eligible for the global lender's low-cost funding for various domestic infrastructure projects. 21. The Central Government raised customs duty on gold, silver and platinum to 10 percent in a bid to curb the surging imports and burgeoning Current Account Deficit (previously gold 8% and silver 6%). 22. The Asian Development Bank (ADB) and the Centre signed an agreement for US $300 million additional loan to upgrade 254 kilometres of deteriorated highways in northern and southern Bihar. 23. India has signed a loan agreement of 100 million US dollar with the World Bank for its Low Income Housing Finance Project.The objective of the project is to provide access to sustainable housing finance for low income households to purchase, build or upgrade their dwellings. 24. ICICI Bank Ltd, Indias largest private sector bank, has launched ICICI Bank Carbon in partnership with Visa. 25. India extends US$144mn credit line to Liberia of power transmission and distribution projects to reduce the gap of power shortage in Liberia. 26. India tops BRICS in super-rich membership : World Ultra Wealth report 2013. 27. Import Duty on Gold, Silver & Platinum hiked to 10 Percent by Central Government in a bid to curb the surging imports and burgeoning Current Account Deficit. 28. India, Japan to enhance currency swap arrangement to USD 50 billion a development that is likely to bring stability in financial markets in the country.

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29. The National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 113.70 crore to Karnataka under Rural Infrastructure Development Fund (RIDF). 30. Maharatna status for BHEL and GAIL. 31. Govt. postponed the implementation of GAAR by 2 years to April 1, 2016. 32. Govt. granted an aid of 41 Crore Rs. to protect Pashmina Goats. 33. The government signed a $60 million loan agreement with the World Bank to improve watershed operations in seven districts of Karnataka. 34. Centre to set up country's 1st geothermal power project in Ladakh. 35. SBI launches pre-paid card for for blue collar employees and students named 'State Bank of India smart payout card'. i. "The new product will bring a large number of workers, contract labourers and dependent family members, who don't have access to the basic banking facilities within the ambit of financial inclusion. ii. The pre-paid card can be loaded with Rs 10,000 at a time with a monthly cap of Rs 25,000. iii. This can also be used as an add on card for the existing account holders. iv. The bank will charge Rs 102 as fees for issuing the card with a validity of 10 years. v. This card can be used by students, who normally carry the debit cards of their parents while studying outside of their native place, Also, employers can give such cards to their workers for salary payment". 36. SEBI has introduced electronic IPOs from January 1, 2013. 37. The Indian tea industry has finally reached the 1 billion kg-mark in production. 38. SBI opened its 2nd branch in China (Tianjin), While 1st in Shanghai. 39. Govt. postponed GAAR implementation by 2 years to 2016. 40. Madhya Pradesh is the first State to fully utilize tourism plans funds. 41. ICICI Bank Opened 101 Gramin Branches across Villages in 6 States 42. Former RBI Governor Y V Reddy will be the Chairman of 14th Finance Commission; the 13th Finance Commission was headed by former Finance Secretary Vijay Kelkar. 43. India and Pakistan have agreed to allow two banks each from both, the countries to set up branches across the border. The two Indian banks are SBI and Bank of India and two Pakistani banks are National Bank of Pakistan and United Bank Ltd. 44. Indian banks would need Rs 3,90,000-5,00,000 crore capital over the next six years in the wake of Basel III capital regulations announced by the RBI. 45. Bank of India opened its 1st Branch in South Africa. 46. LIC Housing Finance has launched a new home loan product called Bhagyalakshmi for women home seekers. 47. ADB gave 100 Million US Dollar Loan to Uttarakhand for the urban infrastructure programme. 48. The ADB has offered $150 million loan for the expansion of railway tracks and to improve overall service in the country. 49. ADB announced to provide $74.8 million loan to improve road connectivity in the North East states. 50. ADB to provide $300 million loan to Chhattisgarh for overhauling roads 51. ING Vysya Life is now subsidiary of Exide Industries 52. India is 4th largest energy consumer in the world: According to a Report by US Energy Information Administration (EIA), India has emerged the fourth largest energy consumer of the world after the US, China and Russia, but its per capita energy consumption remains lower than that of developed countries.

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53. SIDBI signs tripartite MoU with Egyptian body, World Bank: Small Industries Development Bank of India (SIDBI) has signed a tripartite Memorandum of Understanding (MOU) with Social Fund for Development (SFD) Egypt and the World Bank. According to Sushil Muhnot, Chairman & Managing Director, SIDBI, under the MOU, SIDBI and its associates will provide consultancy for three year period to SFD and establish credit guarantee system for micro, small and medium enterprises in Egypt. 54. Moneylender-free village: Canara Bank has taken move by declaring Kunjupannai village in Nilgiris distri ct of Tamil Nadu a moneylender free village. 55. Revised Food Bill proposes uniform 5 kg per head foodgrain subsidy: Nearly 67 per cent of population will get 5 kg of foodgrain per month at subsidised prices, once the National Food Security Bill (NFSB) gets approval from Parliament. The price for providing foodgrains will be initially valid for the first three years of implementation of the Act and after that it will be linked to Minimum Support Price. There is no change of entitlement for 2.43 crore poorest of poor families under the Antyodaya Anna Yojana, which is 35 kg per household per month. The Bill aims to cover 75 per cent of rural population and 50 per cent of the urban population. 56. Agricultures share in GDP may fall to 13.7% in FY13: on account of higher growth in the non-farm sectors. The contribution of agriculture and allied sector to the Gross Domestic Product of the country declined from 14.6 per cent in 2009-10 to 14.5 per cent in 2010-11 and further to 14.1 per cent in 2011-12. 57. Card related complaints are highest number of complaints which were reported to the Banking Ombudsmans 58. Minimum net-owned funds of Rs 50 lakh must for money transfer business: According to the Reserve Bank of India, Indian agents intending to get into the money transfer business will need to have minimum net-owned funds of Rs 50 lakh. Further, collateral equivalent to three dayss average drawings or $50,000, whichever is higher, may be kept by the Overseas Principal in favour of the Indian Agent with a designated bank in India. 59. The National Manufacturing Policy, aims at enhancing the share of manufacturing in GDP to: 25 per cent within a decade.

60. 5 kg per head food grain is to be given at subsidized price as per revised Food Bill. 61. Urban cooperative banks to implement CBS by: Dec 31,2013. 62. RBI asks urban cooperative banks to implement CBS by Dec 31: RBI has asked Urban Co-operative Banks (UCBs) to implement core banking solutions (CBS) in all their branches by December 31, 2013. 63. MNREGA workers to get more wages: From April 1, the maximum daily wage of Rs 214 has been fixed for Haryana, while Bihar, Sikkim, Tripura, Nagaland and Arunachal Pradesh will get the minimum of Rs 135. The MNREGA wage rate is linked to the Consumer Price Index for Agricultural Labour (CPIAL) from April 1 every year.

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64. Minimum net-owned funds for money transfer business: Rs 50 lakh. Further, collateral equivalent to three dayss average drawings or $50,000, whichever is higher, may be kept by the Overseas Principal in favour of the Indian Agent with a designated bank in India. 65. Share of Indias goods exports in GDP in 2011-12: 17.7% of GDP 66. India Mortgage Guarantee Corporation is subsidiary of: National Housing Bank (NHB). 67. Direct Benefit Transfer Scheme will be expanded to 78 districts from July 13. 68. The State Bank of Travancore launched a new service for its customers - doorstep banking.The minimum pick- up will be Rs. 5 lakh and the maximum would be Rs. 20 million. 69. The government has approved private sector lender Yes Bank's proposal to increase foreign holdings in the company to 60 percent that is likely to result in overseas equity inflow of Rs. 2,650 crore. 70. Govt released National Cyber Security Policy 2013 with an aim to protect information and build capabilities to prevent cyber attacks and to safeguard both physical and business assets of the country. 71. Govt aimed to bring e-governance at grass root level for transparency under e-district scheme and govt has decided to cover 339 of around 620 districts by March 2014 by a system under which govt. services can be accessed through instruments like mobile phones.The initiative is a part of e-Bharat programme for which government has received a financial support of around Rs 700 crore from World Bank. 72. Mahatma Gandhi Pravasi Surakhsa Yojna, MGPSY ,a pension scheme for blue-collar Indian workers was launched in the Gulf. The MGPSY is aimed at helping the workers to save money for their retirement, their return to India and resettlement and provides life insurance cover against natural death during the period of coverage.Under the scheme, Government contributes Rs.1,000 per annum for men and Rs. 2000 for women subscribers of MGPSY who save between Rs.1,000 and Rs.12,000 per year in NPS-Lite. 73. Ratings agency Crisil Friday assigned 'AAA' ratings to India Infradebt Limited, the country's first infrastructure debt fund under the non-banking finance company structure.The fund, jointly promoted by ICICI Bank, Bank of Baroda, Life Insurance Corporation (LIC) and Citicorp Finance (India), awarded its first sanction letter to a road project. 74. The Bank International Indonesia (BII) launched its operations in India by opening a branch in Mumbai. 75. Anna Bhagya programme launched in Karnataka.The programme entitles distribution of 30 kg rice at one rupee per Kg to over 98 lakh BPL and Antyodaya card holders in the state.The state Government will distribute over two lakh 78 thousand metric tonne of rice with a subsidy of 4400 crore every month. 76. State Bank of India, in partnership with a non-banking finance company, UAE Exchange and Financial Services, has launched a card which will enable the holder to receive the remittance directly on the card.The card State Bank Xpress Money Card can be loaded with up to Rs 50,000. A maximum of 30 remittances can be loaded during a calendar year.Prepaid cards are beneficial to customers as there is no need to open a bank account in State Bank of India. 77. The Cabinet Committee on Economic Affairs (CCEA) approved disinvestment of government stake in State Trading Corporation (STC) and ITDC, which would fetch around Rs.30 crore to the exchequer. 78. HAUSLA Scheme launch for Family Health Campaign in U.P.HAUSLA (meaning spirit or determination), the campaigns twin goals include galvanizing state health systems to deliver high -quality, accessiblehealth programs and services, while also increasing awareness and utilization of services by families and communities across the states 75 districts.The HAUSLA campaign theme song, Mujhse Bada Mera Hausla, is sung by popular Bollywood singer Shaan.

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79. In a major upgrade of powers given to Securities and Exchange Board of India (SEBI), the government has allowed it to pass orders like search and seizure, attachment of properties, arrest and detention of defaulters and pass disgorgement directions to recover the wrongful gains made in contravention of laws. 80. The Delhi High Court introduced online payment of court fee, the first such facility in the country which will save litigants from standing in long queues at the counter. 81. India ranked 3rd in Global Consumer Confidence Index. Indonesia emerged as the most optimistic country with 124 points followed by Philippines with 121 points and India came third with 121 points. 82. Government has approved Free Trade LPG Scheme for selling five Kilogram LPG cylinders through Company Owned Retail Outlets of Oil Marketing Companies. 83. Assam government would roll out Food Security scheme from November to cover about 2.25 crore people in the state. 84. Rampur become the first city of North India where ATM facility will be available for people maintaining accounts in co-operative banks. 85. AADHAR platform must be only channel for DBT payments says Chidambaram and he has asked all public sector banks to approach beneficiaries of Direct Benefit Transfer, DBT, and scheme to link AADHAR number with their bank accounts. 86. The Employees' Provident Fund Organisation, EPFO, has started registration of digital signatures of employers for online transfer of Provident Fund accounts.The system is aimed at making the fund transfer process transparent, efficient and comfortable for employees. 87. IRDA penalty of over 3cr on Bajaj Allianz Life Insurance for violations Market regulator SEBI has allowed mutual funds to trade directly on debt platforms of recognised stock exchanges. 88. During the meeting with the ASEAN countries Ministers at Brunei India and ASEAN decided to set a target of $100 billion turnover for the bilateral trade by 2015 between the two entities and reviewed the completion of legal scrubbing of India-ASEAN agreements on Trade in Services and Investment.

Revolutions in the field of agriculture in India:


Black Revolution - Petroleum Production Blue Revolution - Fish Production Brown Revolution - Leather/non-conventional(India)/Cocoa production Golden Fiber Revolution - Jute Production

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Golden Revolution - Fruits/Overall Horticulture development/Honey Production Green Revolution - Food grains Grey Revolution - Fertilizer Pink Revolution - Onion production/Pharmaceutical (India)/Prawn production Red Revolution - Meat & Tomato Productio Round Revolution - Potato Silver Fiber Revo lution - Cotton Silver Revolution - Egg/Poultry Productio White Revolution (In India: Operation Flood) - Milk/Dairy production Yellow Revolution - Oil Seeds production Evergreen Revolution - Overall development of Agriculture .

Crop Seasons:
Rabi Crop:The term Rabi means "spring" in Arabic, and the rabi crops are grown between the months mid November to April. Sowing season: October December Harvesting season: February - April Important Crops: Wheat, Barley, Gram, Linseed, Mustard, Masoor, Pea and Potatos Kharif crop refers to the planting, cultivation and harvesting of any domesticated plant sown in the rainy (monsoon) season and it starts in June and to end in October Sowing season: May - July Harvesting season: September to October Important Crops: Jower, Bajra, Rice, Maize, Cotton, Groundnut, Jute, Hemp, Sugarcane, Tobacco etc Zaid crops On the Indian sub-continent, the crops grown on irrigated lands which do not have to wait for monsoons, in the short duration between Rabi and Kharif crop season, mainly from March to June, are called Zaid crops (also written as Zayad crops). The main produce are seasonal fruits and vegetables. Sowing season: August - September Harvesting season: December - January Important Crops: Rice, Jowar, Rapeseed, Cotton, Oilseeds Zaid rabi crops:Zaid Rabi crops are sown in Februry - March Harvesting is in April - may Important Crops: Water melon, Toris, Cucumber, leafy and Other vegetables Top 5 dams and hydro power plants in India: Tehri Dam: on Bhagirathi River, Uttarakhand with Installed capacity: 1,000 MW. Bhakra nangal Dam: on Sutlej River, Punjab and Himachal Pradesh with Installed capacity: 1325 MW. Hirakud Dam: On Mahanadi River, Orissa with the Installed capacity: 307.5 MW. Nagarjuna sagar Dam: on Krishna River, Andhra Pradesh with Installed capacity: 816 MW. Sardar Sarovar Dam: on Narmada River, Gujarat with Installed capacity: 1,450 MW. e) Nuclear power plants in India: Narora atomic power plant - Narora, UP Rajasthan atomic power plant, Rawatbhat ta, Rajasthan Tarapur atomic power plant - Tarapur, Maharashtra

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Kakarpar atomic power plant - Kakarpar, Gujarat Madras atomic power plant - Kalpakkam, Tamilnadu Kaiga atomic power plant - Kaiga, Karnataka Kundankullam (under construction): irunelveli, t Tamilnadu f) Wind power plants: Muppandal wind farm - Tamilnadu Vankusawade Wind Park - Maharashtra Vankusawade Wind Park - Karnataka Madhya Pradesh Wind Farm - Madhya pradesh Kanjikode Wind Farm - Kerala g) Thermal power plants: Vindyachal power plant - Madhya pradesh Talcher power plant - Orissa Ramagundam power plant - Andhra pradesh Korba power plant - Chhattisgarh Dadri power plant - UP Singrauli power plant - MP Farakka power plant - West Bengal

PERSONS IN NEWS
1. Arunima Sinha a National-level volleyball player with an artificial limb geared up to climb the world's highest peak - the Mt Everest, accompanied by Sushen Mahto. 2. Xi Jinping takes - new China's President (succeeded Hu Jintao). 3. Li Keqiang - China's new Premier (succeeded Wen Jiabao). 4. Park Geun-hye - President of S. Korea (1st women president). 5. Uhuru Kenyatta- President of Kenya 6. Abdul Hamid - Bangladesh President. 7. Nicolas Maduro - New President of Venezuela 8. Uhuru Kenyatta - New President of Kenya 9. Giorgio Napolitano - re-elected as Italy's president. 10. Khil Raj Regmi (Chief Justice of Nepal) - Nepal's new Prime Minister to head an interim government 11. Rafael Correa - Ecuadors President re-elected for a Third Term. 12. Shinzo Abe - New PM of Japan. 13. Tony Abott New Australian PM 14. Abdul Hamid - Bangladesh's new president. 15. Giorgio Napolitano Re-elected as the President of Italy.

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16. Millionaire Horacio Cartes wins Paraguay presidency. 17. Bobby Ghosh - Eeminent Indian Journalist became First non-American Editor of Time International. 18. Pop Benedict XVI resigned due to poor health. 19. Sreeramamurthy Janaki- Refused to take Padma bhushan. 20. David Coleman Headley US federal court sentenced imprisonment for 35yrs. 21. Bhanu Athaiya First Indian to win Oscar decided to return her trophy. 22. Michael Hussey (Australian Cricketer)- announced Retirement from Test Cricket. 23. Rahi Sarnobat - first Indian Pistol Shooter to clinch a gold medal in the ISSF World Cup in Changwon, Korea. 24. Sunil Dutt Resigned from his post he was BlackBerrys India Managing Director. 25. Subra Suresh Indian American Appointed as president of Carnegie Mellon 26. Ratan Tata- Elected as member of National Academy of Engineering. SPORTS 1. Tennis Australian Open 2013: Men Single - Novak Djokovic(Serbia) bt Andy Murray(Britain). Women Single -Victoria Azarenka bt Li Na( china) Men Double - Bob & Mike Byan bt Robin haase & Igor Sijsling. Women Double - Sara Errani and Roberta Vinci(Italy) bt Ashlegh Barty and Casey Dellaqua Wimbledon 2013 Mens Single: Andy Murray(Britain) defeated Novak Djokovic (Serbia) Womens Single: Marion Bartoli (France) defeated Sabine Lisick (Germany) Mens Doubles: Bob and Mike Bryan defeated Dodig & M. Melo French Open 2013: Mens Single: Rafael Nadal Defeated David Ferrer. Womens Single: Serena Willimas Defeated Maria Sharapova Mens Doubles: Bob and Mike Bryan Defeated Michael Llodra & Nicolas Mahut Mixed doubles: Frantisek Cermak and Lucie Hradecka defeated Dan iel Nestor and Kristina Mladenovic Australian Open 2013: Men Single: Novak Djokovic(Serbia) bt Andy Murray(Britain). Women Single -Victoria Azarenka bt Li Na( china) Men Double: Bob & Mike Byan bt Robin haase & Igor Sijsling. Women Double: Sara Errani and Roberta Vinci(Italy) bt Ashlegh Barty and Casey Dellaqua 2. Summer Olympics will be held in Rio de Janeiro, Brazil in 2016. 3. Sudirman Cup China defeated South Korea 4. PV Sindhu won Malaysia Badminton Grand Prix Title Gu Juan of Singapore. 5. Brazil beats Spain to win Confederations Cup 2013 6. Ace discus thrower Vikas Gowda clinched the first gold for India in the 20th Asian Athletics Championships in Pune 7. Chris Martin, the fast Bowler of New Zealand has announced his retirement from all forms of cricket. 8. K Srikanth clinched defeated Boonsak Ponsana to clinch the Thailand Open Grand Prix Badminton 2013

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9. Sebastian Vettel defeated Ferraris Fernando Alonso to win Canadian Grand Prix 10. 4th Kabaddi World Cup will be held in Punjab in November 2013 11. BCB (Bangladesh Cricket Board) Former Bangladesh captain Mohammad Ashraful match-fixing charges in Bangladesh Premier League. 12. Bayern Munich won German Cup 2013 defeated Stuttgart 13. Ananya Gupta claimed a bronze medal in the World School Chess championship held at Haldikki in Greece 14. Ragala Venkat Rahul bags three Golds in Asian Youth Weightlifting 15. MS Dhoni becomes first captain to win all ICC trophies 16. Boxer Manjeet Singh won Silver medal at China Open: 17. Bolt won Jamaican 100 title to reach World Championships 18. Pune host Asian Athletic Championship meet in July 19. Delhi to host South Asian Junior Table Tennis 20. India win silver in Archery World Cup: Rajat Chouhan and Manjudha won silver medal at the World Cup (Stage-II) Archery competition in Turkey. 21. Prasanna new Grand Master : V Vishnu Prasanna celebrated his new Grandmaster status by outwitting seasoned GM Boris Chatalbashev of Bulgaria 22. Punjab beat Odisha to lift HI Jr. Men's National Ch'ship: 23. Australia became the third country after Japan and hosts Brazil to reach next summer's World Cup after sealing a dramatic late win against Iraq. 24. Australia (CA) sacked Mickey Arthur and appointed Darren Lehmann as the new coach of the Australian team. 25. V Vishnu Prasanna celebrated his new Grandmaster status by outwitting seasoned GM Boris Chatalbashev of Bulgaria 26. Somyajeet Ghosh - become the youngest national Table Tennis Champion 27. Rupesh Shah clinched the 12th Asian Billiards championship title after beating compatriot Alok Kumar in the final 28. Preeti Beniwal won gold in 2013 Senior National Women's Boxing Championship 29. ICC Womens World Cup 2013 - Australia defeated West Indies at Brabourne Stadium in Mumbai. 30. Grenke Chess Classic Trophy 2013 - Viswanathan Anand (India) after defeating Arkadij Naiditsch (Germany.) AWARDS 1. Dadasaheb Phalke Award 2013 Pran Krishan Sikand (Bollywood actor, mostly known as Pran). 2. Saraswati Samman (2013) Sugathakumari, ( the Malayalam poetess for the poetry collection Manalezhuthu, which means The Writing on the Sand in English. 3. Moorti Devi Award (2012) Gopichand Narang. 4. Bihari Puraskar (2012) Hariram Meena for his hindi novel Dhooni Tape Teer 5. Vyas Samman (2012) Narendra Kohli for his novel Na bhooto na bhavishyati 6. Indira Gandhi International Award - Ellen Johnson Sirleaf for 2012(president of Liberia) 7. Indira Gandhi Award for National Intergration Sampooran Singh Kalra (GULJAR) 8. The Oscars 2013 (ceremony was held at Dolby Theatre in Hollywood, California). Life of Pi, with 4 awards a) Best Directing: Ang Lee for Life of Pi b) Best Cinematography: Claudio Miranda for Life of Pi

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c) Best Music-Original Score: Mychael Danna for Life of Pi d) Best Visual Effects: Bill Westenhofer, Guillaume Rocheron, Erik-Jan De Boer and Donald R. Elliott for Life of Pi e) best film award ;Argo (with 3 awards) f) best Actor award :Daniel Day-Lewis wins for 'Lincoln'. g) best Actoress award: Jennifer Lawrence for 'Silver Linings Playbook' 9. 'Women of courage award' - The US State Department awarded one of the 2013 International Women of Courage Awards to Nirbhaya posthumously 10. Tagore Peace Prize- Shihab Ghanem (the first Arab) he will officially receive the Tagore award in a ceremony to be held in Kolkata, India on May 6, 2013. 11. The President of India, Pranab Mukherjee on 4 March 2013 conferred with the Liberation War Honour Award for his contribution to 1971 war by the President of Bangladesh, Zillur Rahman. 12. Five Writers honoured with SAARC Literature Award 2013. a) Abhay K (A poet-diplomat)- India. b) Farheen Chaudhary- Pakistan. c) Abdul Khaliq Rashid- Afghanistan. d) Suman Pokhrel Nepal. e) Daya Dissanayake- Sri Lanka(novelist). 13. Global Competition Review (GCR) Awards 2013 - Competition Commission of India (CCI) (Nominated). 14. Madhya Pradesh bagged two national tourism awards: One for the best civic management of a tourist destination and other for the most innovative and unique tourism project in the 23rd National Tourism Award. 15. ICSI Life Time Achievement Award for the year 2012 was conferred upon Deepak S. Parekh, Chairman, Housing Development Finance Corporation Ltd. 16. 44th Dada Saheb Phalke Award (2013)- Legendary actor, Pran Krishan Sikand. 17. First timr an Indian-Origin Economist Raj Chetty the professor in the Department of Economy at the Harvard University Won John Bates Clark Medal For 2013, which is also called Baby Nobel.

BOOKS AND AUTHORS 1. Ahmev Radha, Ahmev Krishnah - Gulab Kothari (Chief Editor of Hindi newspaper Rajasthan Patrika) 2. An Uncertain Glory: India and its Contradictions - Jean Dreze and Amartya Sen. 3. A Brush with Life- Satish Gujral 4. A Bend in the river- V.S. Naipaul 5. God of Small things- Arundhati Rai 6. Inheritance of Loss- Kiran Desai. 7. Joseph Anton- Sulman Rushdie (Autobiography) 8. Khushwantnama-The Lessons of My Life Khushwant singh 9. Lajja- Taslima Nasrim. 10. My Unforgettable Memories-Mamata Banerjee 11. "Muslim in Indian cities- Christophe Jaffrelot & Laurent Gayer 12. My country My Life- L.K.Advani 13. My Music My Life- Pt Ravi Shankar

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14. Revolution 2020- Chetan Bhagat 15. Runs in Ruins Sunil Gavaskar 16. Satenic versus- Salman Rushdi 17. True Colours Adam Gilchrist 18. The Heritage of Sikhs Harbans Singh 19. The Jewels of Happiness Indian spiritual guru Sri Chinmoy. 20. The Things About Thugs Tabish Nair 21. The Test of My Life'- Indian cricketer Yuvraj singh 22. Those were the Day and then-The Life & Times of Lal Krishna Advani-Mira Govind Advani 23. Turning Points-APJ Abdul Kalam 24. What Young India Wants Chetan Bhagat 25. Ye Jo Hai Pakistan'- Shivendra Kumar Singh. 26. Smritiyan - Garima Sanjay 27. My Journey: Transforming Dreams into Actions - former President of India, Dr. Avul Pakir Jainulabdeen Abdul Kalam (APJ ) 28. How Not to Make Money -Raj Kundra, the millionaire businessman.

IMPORTANT ORGANIZATION AND SUMMIT


BRICS summit Country: Brazil, Russia, India, China, South -Africa. 4th Summit 2012: New Delhi 5th Summit 2013 : South Africa: Held in Durban from 26 to 27 March 2013 at the Durban International Convention Centre (ICC). PM Manmohan Singh attended the BRICS Summit from India. The central area of discussion was under the overarching theme, BRICS and Africa: Partnership for Development, Integration and Industrialisation. The possibility of setting up of a development bank and investment fund and promoting trade within this group in local currencies are particularly encouraging and progress in finalising these. Brazil and China Signed the Currency Swap Agreement: BRICS Summit 2013. G 8 Summit: 38th Summit 2012 :David camp, USA 39th Summit 2013: Un ited Kingdom 40th Summit (next 2014): Russia G-8 Countries: Canada, France, Germany, Italy, Japan, Russia, Britain and the US G 20 Summit: 7th Summit 2012 Los Cabos, Mexico 8th G -20 Leaders Summit held in St. Peters burg (Russia). G -20 Labour Summit held in Mosscow (Russia).

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ASEAN Summit: 20th ASEAN Meeting April 2012 Phnom penh (Cambodia). 21st ASEAN Summit Nov 2012 - Phnom Penh (Cambodia ). 22nd ASEAN Summit 2013 Brunei

SAARC Summit: SAARC journalists' summit 2013 - Indore. 3rd SAARC ministerial meet on poverty alleviation 2013 Kathmandu (Nepal) 17th SAARC Summit 2011 - Addu City (Maldives) 18th SAARC Summit 2013 - Kathmandu (proposed) IMPORTANT GOVERNMENT SCHEMES 1. BHARAT NIRMAN: It was implemented and e xtended in three phases i.e., from (2005 - 2009), (2009 - 2012), (2012- 2014) It is centrally sponsored scheme for the rural development of India started in September 2005. There are 6 objectives in this scheme Objectives: a) To provide all weather road connectivity to the village which have more than 1000 population in plain areas and 500 population in hilly areas. b) To bring 10 million hectares of land under irrigation facility and to make 1.4 million hectares of additional land for arable land (for the use of agriculture). c) To provide clean drinking water to all villages by the end of 2012 under Rajiv Gandhi payjal yojana. d) To electrify 1, 76,000 villages by the end of 2012 under Rajiv Gandhi Vidyutikaran yojna. e) To construct Pakka houses for BPL house- holds under Indira Awas Yojana (Now from April 1st 2013 cash assistance Rs. 70000 for plain areas and Rs. 75000 for hilly areas) previously it was Rs. 40000 for plain areas and Rs. 45000 for hilly areas. f) To provide telephone connectivity to all villages and all BPL holders by 2012. g) Note: All these objectives are extended till 2014. 2. JNNURM: Jawaharlal Nehru National Urban Renewal Mission It was implemented and extended in two phases i.e., (2005 - 2012), (2012 - 2014) Started in the year 2005 to make million plus cities squatter (Slam area) free. There are 2 components : a) To construct pakka houses for urban poor dwelling in squatter under Rajiv Awas yojana. b) To make transportation system faster and greener. 3. NRHM: National Rural Health Mission It was started on 12th April 2005 to enhance the health facilities in rural areas. The appointment of ASHA workers (Accredited soc ial health activist) in Angonwadi Kendra to provide basic information on health and hygiene conditions as well as to guide people regarding conservation of water. 4. MGNREGA: Mahatma Gandhi National Rural Employment Guarantee Act It was on started on 2 nd Feb 2006 to provide minimum 150 days from 1st April 2013 (previously its is 100 days) of employment to BPL house hold.

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This scheme is both for Urban and Rural areas. The old name of this scheme is NREGA and it was changed to MGNREGA on 2nd Oct 200 9. The wages under the scheme is fixed on the basis of CPI -AL (Consumer Price Index for Agricultural Labourers) which is calculated by the state government on the basis of their Per capita Income. 5. UIDAI: Unique Identification Authority of India. It was started in the year 2010 to provide multipurpose national identity card (MNIC) to every citizen aged above 5 years. Its name has been changed to Aadhar. Its model state was Karnataka (started) The retinal identification is taken from the ag e group of 14 and above. Scheme has 7 components like address, PAN no., Passport no., retinal identity etc, It consists of 12 digit number. Chairman: Nandan Nilkani 6. NFSM: National Food Security Mission This scheme is to reduce the poverty inndia I under national social assistance programme. Under Public Distribution System (PDS), government will provide rice @ Rs. 3/kg, wheat @ Rs. 2/kg to the BPL households. 7. IGNOAPS: Indira Gandhi National Old age Pension Scheme This Scheme is for th e people who aged above 65 years. The amount of Rs. 400 per month (Central govt + State govt = Rs. 200 + Rs. 200) will be provided by both Central government and State government who aged between 65 80 years. Rs. 500 per month (Central govt + Stat e govt = Rs. 250 + Rs. 250) for the people who aged more than 80 years. 8. IGNWPS: Indira Gandhi National Widow Pension Scheme The beneficiary is in between age group of 40 -64 years in this scheme. Assistance of Rs. 400 per month (Central govt + Sta te govt = Rs. 200 + Rs. 200) will be given to particular person.

VARIOUS ORGANISATIONS & THEIR HEAD


Sn. 1. 2. 3. 4. 5. Organisation RBI SEBI NABARD FICCI IBPS Heads Raghuram Govinda Rajan U.K. Sinha Prakash Bakshi Naina Lal Kidwai K.R. Kamath

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6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. 36. 37. 38. 39. 40.

RAW IB CBI UPSC SSC UGC Indian Army Indian Airforce Indian Navy BSF ISRO NASSCOM ASSOCHAM DRDO SBI IRDA TRAI CCI World Bank IMF IFC WHO WTO National Stock Exchange Bombay Stock Exchange CBDT National Security Council National Security Advisor Chief Economic Advisor Attorney General of India PM Economic Advisor CAG Chief Election Commissionor National Commission for women National Innovation

Alok Joshi Saiyad Ashif Ibrahim Ranjeet Sinha D.P. Agarwal Amitava Bhattacharyya Ved Prakash Gen. Bikram Singh Air Chief Marshal N A K Browne Admiral D.K. Joshi Subhash Joshi Dr. K. Radhakrishnan Krishna kumar Natrajan Rana Kapoor Avinash Chander Pratip Chaudhary T.S.Vijayan Rahul Khullar Ashok Chawla Jim Yong Kim Christane Legarde Jim Yong cai Margrate Chan Roberto Azevedo Chitra Ramkrishna Ashish Chauhan Sudha Sharma Yakov Amridor Shivashankar Menon Raghuram Raja G.E. Vahanvati C.Rangrajan Shashi Kant Sharma V.S.Sampath Mamta Sharma Sam Pitroda

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41.

Commission Press Council of India

Marandey Katju

DEFENCE & TECHNOLOGY


1. Missiles in use of Indian Army: a) Prithvi I - 150km b) Prithvi II - 350km c) Prithvi III - 350km - 600km d) Agni I - 700km -1250km e) Agni II - 2000km -3500km f) Agni III - 3500km -5000km g) Agni IV - 3000km -4000km h) Agni V - 5500km -5800km i) Agni VI - 8000km -3500km j) Akash- 30 km 2. NASA Spacecraft "Voyager 1" Drifted Into Unknown Region of the Space 3. China became the World's Fifth-Largest Arms Exporter. 4. Indian Navy successfully test-fired the 290-km range Brahmos Supersonic Cruise Missile, capable of carrying a conventional warhead of 300 kg, from a warship off the Goa coast. 5. Pakistan test fired cruise missile Babur with a range of 700km 6. Iran has tested Fateh 110 missiles (Range - 300 km). 7. Naval Offshore Patrol Vessel INS Saryu inducted into Indian Navy. 8. Cochin Shipyard launched Aadesh the First Fast Patrol Vessel for Coast Guard.. 9. K-5 ballistic missile(strike range around 1500 kms) successfully test fired from an underwater platform in Bay of Bengal. 10. Indian Army gets its first indigenously-made Rudra attack chopper. 11. ISRO has launched Indo-French satellite 'SARAL'(410-kg) with the Polar Satellite Launch Vehicle PSLV-C20 from Sriharikota. It will support in marine meteorology and sea state forecasting, operational oceanography, seasonal forecasting, climate monitoring, ocean, earth system and climate research. 12. "EKUVERIN 2012" an India-Maldives joint military training exercise organized in Belgaum. 13. ISRO launches its 100th space program named PSLV C21 from Sriharikota (Andhra Pradesh) 14. US and South Korea did Joint Annual Military Drills called Key Resolve on 11 March 2013. apart from Key Resolve, another joint drill called Foal Eagle was on its way since the starting of March 2013. 15. Nepal & United States Conducted joint Military Exercises called Shanti Prayas-2 or Peace Initiatives in Panchkhal, 50 km east of Kathmandu from 25 March 2013 to 7 April 2013, India also participated in it. 16. Pakistan successfully test-fired the nuclear-capable Hatf-IV ballistic missile of range of 900 km. 17. The medium range nuclear capable surface-to-surface 20-metre long missile Agni-II was successfully testfired with a strike range of more than 2,000 km from the Wheeler Island off Odisha coast. It has a launch weight of 17 tonnes and can carry a payload of 1,000 kg over a distance of 2,000 km.

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18. Pakistan Successfully Test-Fired Nuclear-Capable Hatf-IV Ballistic Missile on 10 April 2013. The missile has a range of 900 km Strategic Plans Division chief Lt Gen (retired) Khalid Ahmed Kidwai witnessed the launch of Hatf-IV missile. 19. Indo-Russian INDRA 2013 military exercise is scheduled to take place in October 2013 at Mahajan field firing range of Rajasthan. 20. French Nuclear of Areva Reactors will be 1st Tested in China before supplying the production to Jaitapur in Maharashtra. 21. Russia launched European telecom satellite SES-6 from Kazakhstan's Baikonur space centre. 22. Warfare aircraft MiG-29K fighter planes (Black Panther squadron) commissioned into Navy. 23. China launches a communications satellite, Zhongxing-11 24. Federal Space Agency Roscosmos, Russia launched the worlds only returnable satellite called Bion -M1 on 20 April 2013. 25. Indian National Defence University for training and research in military studies will be set up in Gurgaon. 26. India's first International regional navigational satellite IRNSS -1A launched from Satish Dhawan Space centre. 27. 50,000 crore deal for supplying 126 Rafale combat aircraft Signed b/w India and French.The 126 mediummultirole combat aircraft deal is the biggest focus of the two sides at the moment. 28. India's Multi Barrel Rocket Launcher System , the PINAKA , developed by DRDO. Pinaka can fire a salvo of 12 rockets in 44 seconds from a launcher with a strike range of 40 km. 29. India launched its first indigenous aircraft carrier INS Vikrant, joining the elite club of nations with the capability of designing and building a warship of this size and capability. 30. The Indian space agency called off the launch of its heavy rocket geosynchronous satellite launch vehicle (GSLV-D5) due to leak in the second-stage engine. 31. Japan unveiled Izumo, its biggest warship since World War II amid tensions wi th China following maritime skirmishes between the two nations over disputed islands.The ship is nearly 250 meters (820 feet) long, is designed to carry up to 14 helicopters. 32. Indias first defence satellite GSAT-7 launched from Kourou spaceport in French Guiana on Friday. GSAT-7 is Indias first dedicated spacecraft for Defence applications. 33. China to launch 3rd lunar (Change-3) mission this year 34. DHRUVA-3, a high performance computing system developed by Indian defence scientists. DHRUVA-3, developed by ANURAG, one of the labs under the Defence Research and Development Organisation, will be useful in computational fluid dynamics design for aircraft and air-borne systems, simulation of complex systems and stress analysis of materials.

Various Days
1. World health day - 7 April 2013, UNDER the theme was high blood pressure for this year. 2. 66th Himachal Day celebrated on 15 April 2013 at Dhalpur Ground, Kullu , Himachal Pradesh came into existence on 15 April 1948 with the merger of 30 princely states. 3. World Hemophilia Day observed on 17th April. 4. World Heritage Day observed on the 18th April , it is Also known as "International Monuments and Sites Day". The International Council of Monuments and Sites (ICOMOS) has decided a theme "Heritage in Education" and its " Expressions in Diverse Geo-cultural Contexts" for World Heritage Day 2013. 5. Earth Day being celebrated on 22 April. This year's theme is "the face of climate change". 6. World Asthma day being observed 7 may under the theme for this year is "You Can Control Your Asthma."

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7. Anti Terrorism Day Observed on 21 may. 8. World Hypertension Dayon 17 may. 9. National Technology Day is being observed on 11 may. 10. World Day against Child Labour observed 12 June under the theme is - "No to Child Labour in Domestic Work". 11. World Music Day observed on 21 June. It is also called Fte de la Musique. 12. World Refugee Day marked on 20th June under the theme Take One Minute to Support a Family Forced to Flee. 13. 7th Statistics Day observed on 29th june under the theme Labour & Employment Statistics. 14. World Malaria Day being observed on 25th April. The global campaign theme for 2013 and the coming years is Invest in the future Defeat malaria as given by the World Health Organization. 15. World Intellectual Property Day is being observed 26 April, under thr theme Creativity - The Next Generation 16. International Dance Day celebrated on 29thApril. The aim of the International Dance Day Message is to revel in the universality of this art form that crosses all political, cultural and ethnic barriers. 17. Today is International Museum Day on 18th may under the theme for this year Museum Memory + Creativity = Social Change. 18. World Oceans Day observed 8th june under the theme for this year and 2014 is:Together we have the power to protect the ocean 19. World Population Day that seeks to raise awareness about global population issues, is an annual event observed on 11th July. The theme for 2013 is Adolescent pregnancy with an aspiration of safe childbirth and that each pregnancy is wanted. 20. A special meeting of the UN General Assembly will mark the Nelson Mandela International Day on 18th July. 21. UN Declared 19 November as World Toilet Day 22. UN Declared 12 July as World Malala Day 23. Kargil Vijay Diwas observes on 26th July in honour of the Kargil War's Heroes. 24. World Tiger Day observed on 29th July 25. World Hepatitis Day was observed across the world on 28 July 2013.The theme for the year 2013 is This is Hepatitis, Know it, Confront it. 26. August 9 is the 71st anniversary of the Quit India Movement, which Mahatma Gandhi called the biggest struggle of his life. In August 1942, Gandhiji launched the Quit India Movement (Bharat Chhodo Andolan). 27. International Youth Day is being observed today across the

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globe on 12th august.The theme this year is-- Youth Migration: Moving Development Forward. 28. World Humanitarian Day is observed on the 19th of August every year to recognise those people who have lost their lives working for humanitarian causes.The theme for this year is - The World Needs More. 29. The French government announced 19 August as the World Photography Day. 30. Rajiv Gandhi Sadbhavana Divas is being observed today on the 20th August. 31. April 6 declared International Sports Day. 32. World No-Tobacco Day observed on 31st May under the theme is "Ban tobacco advertising, promotion and sponsorship" for this years. 33. World Environment Day being observed 5 June under the theme Think.Eat.Save. for this year.

ABBREVIATION IN NEWS
1. BSBDA - Basic Savings Bank Deposit Account 2. FCNR(B) - Foreign Currency Non-Resident Bank 3. TARC - Tax Administration Reform Commission 4. ITEs: Intra-Group Transactions and Exposures 5. LCR: Liquidity Coverage Ratio 6. NSFR: Net Stable Funding Ratio 7. LRMT: Liquidity risk monitoring tools 8. CBS: Core Banking Solution 9. DEAF: Depositor Education and Awareness Fund 10. CRAR: Capital to Risk-weighted Assets Ratio 11. External Commercial Borrowings (ECB) 12. SWIFT: Society for Worldwide Interbank Financial Telecommunication 13. FSLRC: Financial Sector Legislative Reforms Commission 14. MIBOR: Mumbai Inter-Bank Offer Rate 15. LIBOR: London Inter-Bank Offer Rate 16. LAF Liquidity Adjustment Facility 17. GIRO - Government Internal Revenue Order 18. EEFC - Exchange Earner's Foreign Currency 19. FRBMA: Fiscal Responsibility and Budget Management Act 20. ALM- Asset Liability Management 21. AMFI- Association of Mutual Fund in India. 22. TIEA Tax Information exchange Agreement 23. CAR Cash Adequacy Ratio 24. CCEA Cabinet Committee on Economic Affairs 25. CECA - Comprehensive Economic Cooperation Agreement 26. CEPA Comprehensive Economic Partnership Agreement 27. DTAA Double Taxation Avoidance Agreement 28. DTC Direct Tax Code

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29. ECBs - External Commercial Borrowings 30. EEFC - Exchange Earner's Foreign Currency 31. EFSF European Financial Stability Facility 32. FEMA- Foreign Exchange Management Act 33. FII Foreign Institutional Investor. 34. FINO- Financial Inclusion Network Operation 35. FIPB Foreign Investment Promotion board 36. FSLRC Financial Sector Legislative Reforms Commission 37. FTA- Free trade agreement 38. GAAR - General anti avoidance rule 39. GSLV - Geo-Synchronous Launch Vehicle 40. MSF-Marginal Standing Facility 41. NBFC-Non Banking Finance Companies 42. NCTC - National Counter-Terrorism Centre 43. NEFT - National Electronic Funds Transfer 44. NSG Nuclear Suppliers Group 45. PPP Public Private Partnership & Purchasing Power parity 46. PSLV Polar Satellite Launch vehicle 47. RTGS - Real Time Gross Settlement 48. SLR-Statutory Liquidity Ratio 49. TAPI - Turkmenistan-Afghanistan-Pakistan-India. 50. QFI -Qualified Foreign Investors 51. VVPAT -'Voter Verifiable Paper Audit Trail' 52. Tax Information Exchange Agreement (TIEA)

Taglines of Various Banks:


Indian Overseas Bank : Good People To Grow With Allahabad bank : Tradition of Trust Dena Bank : Trusted Family Bank Union Bank of India : Good People to Bank With Andhra Bank : Much More to Do With YOU In Focus Vijaya Bank : A Friend You Can Bank Upon Indian Bank : Taking Banking Technology To The Common Man Central Bank of India : Build A Better Life Around Us Syndicate Bank : A Faithful & Friendly Financial Partner Bank of India : Relationships beyond Banking UCO Bank : Honors Your Trust South Indian Bank : Experience Next Generation Banking Punjab National Bank : The Name You Can Bank Upon Bank of Baroda : Indias International Bank Bank of Maharashtra : One Family one Bank Canara Bank : Serving to Grow, Growing to Serve

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Corporation Bank : Nation Bank on us Punjab and sind Bank : where series is A way of life United bank of India : The bank begins with you Orintel Bank of Commerce : Where Every Individual Is Committed State Bank of India : With You All The Way IDBI : Aao Soche Bada ICICI : Hum Hai Na HDFC : We Understand Your World HSBC : Worlds Local Bank Yes Bank : Experience Our Expertise Federal Bank : Your Perfect Banking Partner

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