GA/BA Compendium for IBPS PO Mains 2017 AEMERITSHiN= Govt. Policies, schemes, notification, court ruling etc.. The Finance Act 2017 banned cash transaction of Rs 2 lakh or above with effect 1 Apr 2017. The followingare exempt from this limit: 1} Issuers of prepaid instruments 2) Business correspondents appointed by banks 3) Credit card bill payments Under the GST regime, 28 per cent is being levied on watches The President Pranab Mukherjee recently gave his assent to the bill passed by the Assembly of Karnataka to legalise traditional buffalo race "Kambala’ Labour Minister Bandaru Dattatreya has said a bill will be pushed for passage in the monsoon session of Parliament which seeks to double the tax-free gratuity ceiling to Rs 20 lakh ‘The Centre, in consultation with the RBI, has decided to issue Sovereign Gold Bonds 2017-18 -Series Il ‘The Bonds will be restricted for sale to resident Indian entities including: 1) Charitable Institutions 2) Universities) Trusts 4) HUFS Karnataka state govt has launched the ‘Elevate 100” scheme to identify and nurture innovative startupsin the state As clarified by the govt, the traders supplying goods within a state with turnover of Rs 20 lakh Will be exempt from the Goods and Services Tax (GST). Takinga cue from the petroleum ministry, Indian Railways is set to launch a ‘Give-f-Up" campaign. “JIGYASA” program was launched recently by Council of Scientific and Industrial Research with Kendriya Vidyalaya Sangathan. itis a student-scientist connect program. From Jan 01, 2018, the price of a packaged good would no longer depend onwher® you bought it (local Kirana store, a mall, ec.) as the Consumer Affairs Ministry has amended the related rules, The Indian govt is setting ambitious targets that include 160 gigawatts of wind and solar power by 2022, the World Bank said in a news report published recently. ‘Maharashtra state govt has announced that around 36 lakh farniets in thélstate, covered under the recently announced farm loan waiver scheme, will have their entire debt waived, Amount wise: UP- 36k crores, Maharastra - 34k crore Punjab- 10k efbre, Karnataka - 8k crore The govt is planning to dilute its 51.11 per cent stake in Hindustan Petroleum Corporation Ltd (HPCL) in favour of ONGC The Central Board of Excise and Customs (CBEC) ea ithe norms on bonds under GST to help exports. The present Chairman of CBEC is Vanaja NSarna The govt has increased import duty on sugarito SO)per cent to restrict cheap inward shipments and maintain domestic prices. The third phase of Haritha Haram, a massive Plantation programme, was launched Telangana Uttar Pradesh state govt presentedijts budget for 2017-18 recently which provides for Rs 36,000 cr as farm loan waiver. Mahrastra, Punjab and Karnataka also have similar proposal India recently advanced its targetiof eliminating malaria by three years to 2027 The Supreme Court recently relaxed the 500-metre cap on liquor vends across the national and state highways in which of Arunachal Pradesh 8@Andaman and Nicobar The Union Finante Ministry recently reiterated that services provided by an educational institution to students, faculty and staff will attract GST at the rate of zero per cent. The Finance Minister Afun Jaitley recently chaired the 3rd Meeting of the Governing Council of the NIIF in New Delhi. Here, thé term NIIF stands for National Investment and Infrastructure Fund ‘The DIPP has signed an institutional agreement with the State Council of Science and Technology of Punjab to establish India's first Technology and Innovation Support Center (TISC) ‘Maharashtra has become the first state in the country to make social boycott a crime after President Pranab Mukherjee cleared its legislation recently ‘As announced by the Railway Minister Suresh Prabhu, recently, the govt will invest Rs 8.5 lakh or in railways in Syears. The Supreme Court recently passed a slew of directions for effective implementation of provisions of the NFS Act as its compliance has been pathetic. ‘The term NFS means National Food Security ‘As informed by the Union Telecom Minister Manoj Sinha to the Parliament, recently, mobile phones worth Rs 90,000 or were produced in the country in 2016-17, ll ss Ment Sin} 1GA/BA Compendium for IBPS PO Mains 2017 AEMERITSHiN= The govt launched Pradhan Mantri Vaya Vandana Yojana for elderly people recently. The plan provides an annual assured return of 8 per cent (payable monthly) The Finance Minister Arun Jaitley recently launched Pradhan Mantri Vaya Vandana Yojane, LIC of India has been given the sole privilege to operate this scheme The maximum investment limit under the newly launched Pradhan Mantn Vaya Vandana Yojana [PMVV¥) is Rs 7.5 lakh The govt launched Pradhan Mantri Vaya Vandana Yojana for elderly people recently. The features of the scheme are a5, follows: 1) The scheme provides an assured effective return of equivalent to 8.30 per annum. 2) The scheme is exempted from Goods and Services Tax. 3) Loan up to 75 percent of purchase price shall be allowed after policy years. 4) On death of the pensioner during the policy term of 10 years, the purchase price will be paid to the beneficiary, Uttar Pradesh state govt has launched free power connection scheme for the BPL card halders in the stat The fiscal responsibility and budget management (FREM] committee had recommended a fiscal deficitterget of2.5 per cent of gross domestic product by fiscal year 2022-23 The govt launched a mobile app named “Aarambh” recently which is aimed facilitating road maintenance The govt has given approval for revision of guidelines of Sovereign Gold Bonds (SGB) Scheme, Now, the investment limit for individuals per fiscal year has been increased to 4 kg Harsh Vardhan is the present Union Ministry of Earth Science. He launched an integrated information dissemination system called Sager Vani recently. The Defence Research and Development Organisation (ORDO) has rolled out Muntra recently which is India’s First unmanned, remotely operated tank The NITIAayog recently cleared half-a-dozen proposals of the transportministry including hyperloop, metrino and pod taxis. The present Chairman of the NITI Aayog is Narendra Modi! The govt has ordered oil companies to raise subsidised cooking gas (LPG) prices by 04 per cylinder every month to eliminate all the subsidies by Mar 2018. PM Narendra Modi recently announced a package of Rs 2,350 cr for mitigating the impact of floods on short-and long- ‘term basis for North-Eastern states The govt sold 3.70 cr equity shares (sale) in/indliltan Copper ata Noor pice of Rs GATSapiece through a two-day OFS. Here, the term OFS stands for Offer-For-Sale! The Agriculture Ministry signed an MoA for setting up a regional centre of the global rice research institute IRRIto develop high-yielding rice varieties in Varanasi, As per the survey by the Ministry of Drinking Water and Sanitation conducted between May and Jun 2017, almostall rural households in Haryana & Kerala had access to a toilet. The Govt has decided to launch Agjeevike Grameen Express Yojana (AGEY) as part of the DAY— Netional Rural Livelihoods Mission. ‘The term DAY stands fo Deendayal Antyodaya Yojana The Centre has announcéd setting up of a regional medical research centre in Gorakhpur in view of recent deaths of children at BRD Medical College situated there ‘The govt has @pprovediRs 32,000 a fora “definitive five-year action programme” for the India Coast Guard In his Independence Day address, PM Narendra Modi said that his govt plans to invest Rs 1,000 crto transform 20 universities intoworld class educational institutions. The Indian govt recently threatened Philip Morris International inc with “punitive action” over alleged violation of the faws.The company in involved in manufacturing of tobacco products. The Telecom Regulatory Authority of India (Trai) has announced revised quality of service (QoS) rules, providing far a penalty on mobile operators for not meeting the benchmarks of Rs 5 lakh The Cabinet Committee on Economic Affairs (CCEA] recently approved the proposal of DIPAMfor the strategic disinvestment. Here, the term DIPAM stands for Department of Investment and Public Asset Management The govt aims to raise Rs 72,500 cr from disinvestment during 2017-18 — 2GA/BA Compendium for IBPS PO Mains 2017 AEMERITSHiN= Under the new Metro Rail Policy approved by the Union Cabinet, projects will be approved on the basis of Economic Internal Rate of Return’ of 14 per cent The Cabinet Committee on Economic Affairs has approved the renaming of SAMPADA scheme as "Pradhan Mantri Kisan Sampada Yojana (PMIKSY)' for the period of 2016-20 The govt has hiked the ceiling for the creamy layer to Rs 8lakh per annum for central govt jobs. The Supreme Court has agreed to hear pleas challenging Article 35 Aafter Diwali. The article is related to special rights and privileges of permanent residents of Jammu and Kash The Union Finance Minister Arun Jaitley has said that the JAM trinity will bringall Indians into a common financial economic and digital space. The term JAM stands for Jan Dhan, Aadhaar and Mobile The govt has restricted imports of gold and siveritems South Korea The NIT Aayog has favoured conducting synchronised two-phase Lok Sabha and assembly elections from 2024 Banks importing gold and precious metals will have to pay 3 per cent tax under the GST which can be claltied as input taxcredit The Finance Ministry has imposed a five year anti-dumping duty on Sodium Nitrite imports from China The govt issued an alert about “Locky Ransomware” recently, Itis anew malware The directors or authorised signatories of deregistered companies trying to siphon off money from the firms’ bank accounts can face imprisonment up to 10 yrs After the note ban, 21,000 people disclosed Rs 4,900 cr black money under PMGRY seheme. The letter ‘Gin the term PMGKY stands for Gari Some 3,500 central and state govt schernes and programmes, with a totaljoutlay of Rs 6 lakh cr, are expected to be brought under the direct benefit transfer (DBT) mission. The mobile SIM cards not linked to Aadhaar will be deactivated after Feb 2018 The govt has decided to double the upper limit of tax-free gratuity payable to an employee to Rs 20 lakh Harsh Vardhan is the present Union Minister of Environment, Forest and Climate Change. He launched “Wood is Good” Campaign recently. Prime Minister Narendra Modi recently called for bringingsweet revolution in the country. He was referring to the revolution in the production of honey The NITIAayog has launched SATH initiative to partner with three states and tum them into role models. In the term SATH, the letter'S’ stands for Sustainable. (Sustainable Action for Transforming Human capital) PM Narendra Modi launched Sahaj Bijli Har Ghar Yojana (Saubhagya) to supply 24/7 electricity to poor households, The states will have to complete the household electrification by 31 Mar 2019 The govt has set up the Dairy Processingand Infrastructure Development Fund (DPIDF) to boost the dairy sector. The fund is worth Rs 10,881 cr PM Narendra Modi launched Saubhagya scheme to supply 24/7 electricity to poor households, The total outlay for the scheme will be Rs 16,320 er The Union Home Minister Rajnath Singh launched PENCIL Portal recently. The portal targets child labour free society The govt has waived service charges on railway tickets booked online through IRCTC till Mar 2018 The Goods and Services Tax (GST) Council recently raised the threshold limit for Composition Scheme to Rs. Ler and allowed quarterly fetiitn filing for traders having Rs 1.5 crore turnover to ease the tax filing for small traders. ‘in thesrecently released notification by the Centre, Jewellery purchases exceeding how much amount won't require the income tax permanent account number (PAN) - Rs 50,000 The govt appointed Committee on Haj Policy has recommended phasing out of subsidy for Haj pilgrims and allowing women devotees above 45 years of age to travel in a group of at least four without a male. The central govt has approved Rs 2,000 cr for setting up Aadhaar centres in post offices, The Supreme Court has criminalised sex betiween man and his underage wife below 18 years provided the woman files a complaint within a year. Recently, the Centre approved setting up of India’s first Sewage Treatment Plant (STP) at Haridwar and Varanasi for a combined cost of $324.69 crore under Namami Gange programme. The Sampoorna Bima Gram (SBG) Yojana was launched recently by the Union Minister for Communications Manoj Sinha AMeriT Sine 3GA/BA Compendium for IBPS PO Mains 2017 AEMERITSHiN= The Union Finance Minister Arun Jaitley has announced a massive package to give a fillip to the Indian economy. The package is worth Rs 09 lakh or The Union Cabinet has approved an unprecedented public sector bank capitalisation of Rs 2.11 lakh cr. The Union Cabinet has approved the biggest ever highway development plan to develop and expand ‘Madras HC has banned photos of living persons on banners and hoardings in the state, Economy The net direct tax collection grew by 14.8 per cent to Rs 1.42 lakh ar at the end of first quarter (Apr-Jun] on account of surge in advance tax payment The consumer price index (CPl)-based inflation was down to a record low oF 1.5 per cent in Jun 2017 The Index of Industrial Production (IP) expanded 1.7 per cent in May 2017, The IIP is an index which details out the growth of various sectors in the economy including) manufacturing 2) electricity 3) mineral mining The wholesale price index (WPI)-based inflation eased sharply to its lowest level this year to 0.9 per centinJun 2017. The govt collected more than Rs 2.35 lakh cr in 2016-17 fiscal by way of a host of cesses, They are: 1) Krishi Kalyan 2) Swachh Bharat 3) Education India's foreign exchange reserves recently touched a new record high of USD 391.33 bn. (July) The Components of India’s foreign exchange reserves are: 1} Foreign Currency Assets (FCAs} 2) India's reserve position with the IMF 3} Special Drawing Rights with the IMF 4) Gold reserves P-note is issued by registered foreign portfolio investors to overseas players who wish to be a part of the Indian stock markets without registering themselves directly, Chaudhary Birender Singh is the Minister for Steel in the present Union Gabin@t. He has said that first time India has become a net export country in Steel. The core sector industries grew by 0.4 per cent in Jun. The India’s eight Corelsector industries are: 1) Refinery Products 2) Natural Gas 3) Coal 4) Crude Oil 5) Fertiliers 6) Steel 7) Cement 8) Electricity The Monetary Policy Committee (MPC) of the RBI in its third bi-rmonthly monetary policy review, reduced the policy repo rate under the liquidity adjustment facility (LAF) by.25 basis poihts to 6 per cent 5.75 per cent is the new reverse repo rate under the LAF after the third bi-monthly policy review by the RBI India hes signed a loan agreement with the Asion Infrastructure Investment Bank (All) for Financing of USD 29 mn for the rural roads project in Gujarat The second volume of the Economic Survey for 2016-17 was released recently, The following are the challenges listed in the survey: J 1) Appreciation of the rupee 2} Farm 1dan wldivers 3) Rising stress on balance sheets in power 4) Transition issues arising from implementing the GST The second volume of the Economie Survey for 2016-17 was released recently, The fiscal deficit will be 3.2 per cent of GDP in 2017-18 as per the Survey_ The goods and services tax (GST) regime provides for levy of 12% tax on food bill in non-AC restaurants while for AC restaurants and those Withiliquor licence it will be 18% (Check changed again) India’s exports grew’3.9)per cent in Jul 2017, on a yearly basis to 22.5 bn dollars due to an increase in shipments of petroleum, chemicals and marine products, ‘The Retail inflation asifmeasured by the consumer price index [CPI] remained at 2.86 per cent in Jul 2017 The Union Finance Minister Arun Jaitley has asked states to cut VAT on natural gas and other fuels. The following fuels has/have been Kept out of GST: 1} Jet fuel (ATF) 2) Diesel 3) Petrol 4) Crude oil The RBIwills6on introduce new fluorescent blue banknotes bearing the motif of ‘Hampi with Chariot’ depicting India’s cultural heritage in the denomination of Rs 50 Under the Interest Subvention Scheme, an interest subvention of 2 per cent will be provided to banks on short-term crop loans of up to Rs 3 lakh The foreign direct investment (FDI) into the country grew by 37 per cent to $10.4 bn during the first quarter of the current fiscal, according o the figures of the DIPP. ‘According to the data released by the Central Statistics Office (CSO), the Indian economy grew at 5.7% rate in Apr-lun quarter of 2017-18 ll ss Ment Sin} 4GA/BA Compendium for IBPS PO Mains 2017 AEMERITSHiN= The Nikkei India Manufacturing Purchasing Managers’ Index (PMI} rose to 51.2 in Aug 2017 ‘According to @ new series of gross State domestic product data with 2011-12 as the base year, Arunachal Pradesh is the fastest expanding state economy in 2015-16 Due to costlier vegetables and fruits, the consumer price index (CPI) based inflation rose to a five-month high in Aug. 2017 at 3.36 per cent ‘According to a study by the RBI, Gujarat accounted for the highest share in total cost of private corporate investment for financial year 2016-17 ‘Japan has given India a loan of Rs 88,000 cr at 0.1 per cent interest for the construction of the high speed bullet train network India’s first bullet train proposed between Ahmedabad and Mumbai will have following features: 1) Itwill run at a maximum speed of 350 km per hour. 2} Itwill cover the 508-km stretch in under three hours, 3) The project will cost around Rs 1.10 lakh cr. 4) A21-kri-long tunnel will be dug between Boisar and BKC in Mumbai, of which seven km willbe under water, As said by the RBI, India's foreign-exchange reserves rose (on 8 Sep) for the first time evefito $800 bh India’s wholesale inflation accelerated to a four-month high in Aug 2017 to 3.28% The CAD of the first quarter of 2017-18 widened to 2.4 per cent of gross domestic product as per the RBI. Here, the term CAD means Current Account Deficit India’s govt is considering a plan to spend up to Rs 500 bn (87.7 bn) more to haltien ebonomic slowdown. India’s economy grew at 5.7 per cent in Apr-Jun quarter ‘According to the revised estimates circulated by the World Trade Organisation (WTO) on 21 Sep, the world trade in goods is estimated to grow at 3.6 per cent in 2017 The index of eight core industries expanded at its fastest pace tis fiscal in Aug at 4.9 per cent The RBI, in its fourth bi-monthly Monetary Policy Statementfor 2017-18, cut the growth forecast forthe current fiscal to 6.7 per cent. The RBIissued its fourth bi-monthly Monetary Policy Statement for 2017-18 recently. Now, the reverse repo, at which RBI borrows from banks, stands at 5.75 per cent The RBI, in its fourth bi-monthly Monetary Policy Statement for 2017-18, cut the statutory liquidity ratio which now stands at 19.5 per cent The RBIin fourth bimonthly policy review slashed the Statutory Liquidity Ratio (SLR) which will free over Rs 57,000 a to bank funds for lending. ‘According to the Central Statistics Office (GSO) data, the retail inflation remmained at 3.28 per cent in Sep 2017. The country's IIP was at a nine-month figh of 4.3 per cent in Aug 2017. The term IIP means Index of Industrial Production The wholesale inflation|femained at 2.60 per cent in Sep 2017 Banks Realted The RBI has inéfeased the mit for foreign portfolio investors (FPI) in govt bonds and now foreign investors can invest RS 331 cr in cas@ of state development loans. ‘The RBllannaunced OMO for sale of govt bonds up to Rs 10,000 cr recently. Here, the term OMO stands for Open ‘Matket Operation The Financial Stability Board (FSB) has found India ‘compliant or largely compliant with regard to Basel Il reforms. 1) France 2) Spain 3) Netherlands 4) Italy have been found to be ‘materially non-compliant’ on at least one parameter. The RBI has said that customers will not suffer any loss if unauthorised electronic banking transactions are reported to ‘the bank within three days The RBI Deputy Governor Viral Acharya has said that a transparent and comprehensive PCR is the need of the hour in India. Here, the term PCR means Public Credit Registry The EPFO has signed pacts with four private and one public sector bank for collection of PF dues and making payments, They are: 1) Kotak Mahindra Bank 2) Axis Bank 3) ICICI Bank 4) HDFC Bank a ss vice! =r N= 5GA/BA Compendium for IBPS PO Mains 2017 AEMERITSHiN= The RBI has allowed systematically important non-banking finance companies (NBFCs) to sell and market the new pension scheme {NPS}, Such NBFCs should have an asset size of Rs 500 cr and above The Housing finance regulator NHB is examining the issue of extending the NPA classification period from the current 90-day window. The NHB is headquartered at New Delhi The market regulator SEBI has virtually shut the doors on P-Note investments in India. In the term P-Notes, the letter P stands for Participatory The SBI's executive committee has given the final approval to divest 80 mn shares in SBI Life through an inital public offering. SBI Life is@ joint venture between SBI and BNP Paribas The SEBI recently amended guidelines for foreign investors looking to operate at IFSC. Here, the term IFSC stands for International Financial Services Centre The GMR Goa International Airports has executed a debt (Rs 1,330 cr] facility agreement for the development off Greenfield airport at Mopa from Axis Bank The country’s largest bank SBI has waived charges for fund transfer of up to Rs 1,000 through its IMPS toypromote small transactions, The term IMPS means Immediate Payment Service The SBI has cut NEFT and RTGS charges by up to 75%. All the new charges (asa service provided byja bank) wil attract the GST rate of 18 per cent The State Bank of India has announced to slash charges for NEFT. The term NEFT means National Electronic Funds Transfer YES Bank has received $150 mn funding from the US govt and Wells Fargo t entrepreneurs and small and mediumsized enterprises in India rease lending to support women ‘bill to repeal SBI (Subsidiary Banks) Act and State Bank of Hyderabad Act was introduced in the Parliament recently. On 1 Apr 2027, five associate banks and Bharatiya Mahila Bank was acquirediby the SBI The Smail Industries Development Bank of India (SIDBI) has started full-fledged merchant banking operations to benefit MSMEs. The SIDBI is headquartered at Lucknow ‘The Jasper InfoTech (Parent company of Snapdeal) has sold Freecharge to Axis Bank in about $60 mn The National Payments Corporation of India (NPCI) recently received final nod from the RBI to operate the BBPS. Here, tthe term BBPS stands for Bharat Bill Payment System! The Indian Overseas Bank {I0B) recently offered Bharat Bill Payment System to its customers. The headquarters oF IOB is located in Chennai ‘The National Payments Corporation of India (NPC) operates the Bharat Bill Payment System (BBPS). The present MD and CEO of NPC! is AP Hota (July, now Dilip Asbe) Four payments bank have been launched\so farin India. They are’ 1) India Post Payments Bank 2) Paytm Payments Bank 3) Airtel Payment Bank 4) Fino paytech Payments Bank ‘The 188i, in the seven months sineaithe Insolvency and Bankruptcy Code (IBC) became operational, has started resolution process for 200 companies. The term IBBI means Insolvency and Bankruptcy Board of India SBI recently introduced a tWoitier interest rate structure - an interest rate of 3.5% p.a. on balance up to Rs 1 cr and 4% on above Rs1 cr’ The RBI imposed amonetary penalty of Rs 10 mn {1Cr in July) on Union Bank of India for non-compliance with Know Your Customer (K¥C)snorms. The UB! is headquartered at Mumbal. (2cr was imposed earlier as well, so a total of 3cr) The Indian Bank recently revised its interest rates on FCNR (banking) term deposits effective Aug. In the term FCNR the letter ‘C’ denotes Currency 6.25 per centtis the new marginal standing facility (MSF) rate and the Bank Rate after the third bi-monthly monetary policy review by the RBI on 7 Aug 2017 The SEBI has set up a committee on fair market conduct’ to suggest measures for improving surveillance ofthe markets, and strengthen rules for trades which is headed by TK Viswanathan The Lok Sabha recently cleared a bill to enable exit of RBI from Nabard and increase its authorised capital to Rs 30,000 cr ‘The Syndicate Bank has pared its marginal cost of funds based lending rate (MCLR) by 5-10 basis points in certain maturity buckets, The headquarter of Syndicate Bank is located in Manipal, Karnataka The Reserve Bank of India (RBI) will pay Rs 30,659 cr as dividend to the govt for the year ended Jun 30 AMeriT Sine 6GA/BA Compendium for IBPS PO Mains 2017 AEMERITSHiN= Canara Bank unveiled Bharat QR (Quick Response) and Bharat Bill Payment System (BBPS} services recently, The headquarters of Canara Bank is located in Bengaluru Indian Bank has introduced a two-tier interest rate for saving bank accounts (3.5% S0lakh and above}. The Indian Bank has its headquarters in Chennat ’a. up to Rs 50 lakh and 4% pa on Re The Union Bank of India entered into a corporate agency agreement with Bajaj Allianz Gl and Cholamandalam MS GI recently. The bank is headquartered in Mumbat Canara Bank has set an ambitious target of moving to paperless futuristic banking and launched its first digital banking branch in Bengaluru named ‘CANDI' The Reserve Bank of India (RBI) follows Jul 1 toJun 30financial years ‘The HDFC Life has filed draft paper with Sebi foran IPO. The HDFC Life isa joint venture between the HDFOand the Standard Life which is based in UK ‘The Andhra Pradesh Grameena Vikas Bank (APGVB) is set to raise up to Rs 600cr, The APGVB is a regionalrural bank sponsered by SBI The public sector bank Union Bank of India has reduced its savings bank rates by 50 basis points, The bank is, headquartered in Mumbai Karur Vysya Bank has appointed PR Seshadri as its new Managing Director and Chief Executive Officer The Union Cabinet has approved raising extra budgetary resources up to Rs 9,020 cr forlong Term Irrigation Fund in 2017-18, The amount will be raised by NABARD Corporation Bank has bagged the best performance award for SHG-bank linkage program for Karnataka for 2015-16 and 2016-17 from Nabard The Reserve Bank of India (RBI) has said that the farmers can avail of short-term Grop loans of upto Rs lakh ata subsidised interest rate of 7 per cent The Karnataka Vikas Grameen Bank (KVGB) has been conferred ‘best perfarmance award’ for 2015-16 and 2016-17 by Nabard, The KVGB is sponsored by Syndicate Bank State Bank of India accounts for over 27 per cent (highest fraction) of the total amount owed to public sector banks by wilful defautters The state-run power transmission utility Power GridiCorp isset to get a loan of $500 mn from Asian Development Bank The first regional centre of the New Development Banik (NDB) was offically opened recently in Johannesburg Prathama Bank is the first Regional Rural Bank (RAB) of India ‘The National Bank of Agriculture and RuraliDevelopment (NABARD) has sanctioned a loan assistance of Rs 1,349.55 or for creation of rural infrastructure in thé state of Rajasthan The full form of the term RIDF is Rufal infrastructure Development Fund ‘The Foreign Institutional Investors (Fils), Non-Resident Indian (NRIs) and Persons of Indian Origins (PIOs) can invest in primary and secondary capital matkets in India through PIS which means Portfolio Investment Scheme '56 regional rural banks (RRBs) are functioning in the country at present ‘According to the RBI's Report on Trend and Progress of Banking in India’, 45 RRBs earned profits without carrying any accumulated losses durifig 2015-16 The new Rs 200 currency note was introduced in the market on 25 Aug by the Reserve Bank of India, On the reverse of tthe new note thers isalmotif of Sanchi Stupa The telecom regulator TRAI has directed Idea Cellular to deposit Rs 2.97 cr for over-charging its subscribers ‘The RBI launched Rs 200 note recently. Bright yellow is the base colour of the note The market regulator SEBI has formed a 10-member panel on financial and regulatory technologies, headed by TV Mohandas Pai The regional rural banks (RRBs) Prathama Bank, Karnataka Vikas Grameena Bank, and Andhra Pragathi Grameena Bank has been promoted by Syndicate Bank The banking sector is saddled with non-performing assets (NPAs) of over Rs 8 lakh cr. The sectors which account for bulk of NPAs are: 1) Textiles 2) Road infrastructure 3) Stee! 4) Power The National Payments Corporation of India (NPCl) has approved Spice Digital to operate Bharat Bill Payment System {BBPS) AMeritT Sine 7GA/BA Compendium for IBPS PO Mains 2017 AEMERITSHiN= The Insuranace Regulatory and Development Authority of India (IRDAI) launched a Central Database of all Insurance Sales Persons in India, The IRDAI's headquarters is in Hyderabad ‘Aadhar Enabled Payment System is the full form of the term AePS as used in banking parlance DFC Bank bank has launched an all-in-one offering, DigiPoS Machine, that offers a complete suite of digital payment solutions ‘As per the RBI's annual report, 99 per cent (98.96) of the banned Rs 1,000 and Rs 500 notes came back in the banking system after the demonetization. The Telecom Regulatory Authority of India (Trai) has begun the exercise for conducting the next round of spectrum auction. The present chairman of Traiis RS Sharma PayZapp Is a mobile phone application for online payments and money transfer. Its launched by MDFC Bank The Income Tax Department has imposed Rs 7,900-cr penalty on the tax demand of the same amount on Hutchison Holdings over its sale of mobile phone business in India to Vodafone The Life Insurance Corporation of India (LIC} completed 61 years ofits incorporation on 1 Sep. Ithas settled Claims worth ‘more than Rs 01 tn in the financial year 2016-17. Just remember Tlakh crore INR = 1trn IRN ==15.38bn USD (1USD =65 INRassumed), | mn. USD=6.5ierore INR, 18n USD=6500 crore The Institute for Development and Research in Banking Technology (IDRBT), an arm of the Reserve Bank of India, is, based in Hyderabad Karnataka Bank has bagged the ‘best bank’ award for the use of technology far financial inclusion at the 13th IDRBT Banking The DBS Bank has received in-principle approval from the RBI to operate whollypowned-subsidiary (WOS) in India. itis a multinational bank headquartered in Singapore The banks without Aadhaar enrolment centres (in 10 per cent of branches} will face a fine from Oct of Rs 20,000 Reliance General Insurance has received in-principle approvalfrom the IRDAI for its initial public HFC Bank has been declared a domestic-systemically important bank (D-SIB) by the Reserve Bank of India ICICI Lombard GI, general insurance company, has got capital markets regulator SEBI's approval for its estimated Rs 6,000-cr initial public offer The additional capital requirement for domestic-systemically important bank (D-SIB) has kicked in phase-wise since Apr 2016 and will be fully effective from Apr 2019 The RBI declares @ list of D-SIBs (banks toolbig tofail) every year. In the term D-SiBs, the letter ‘S’ stands for systemically ‘The customers of PNB will have to payeharge for more than five transactions a month from the bank’s ATMs, The present MD and CEO of PNB is Sunil Mehta Punjab National Bank with the BSNLhas teamed up to roll out open mobile wallet Speedpay across 10 states in the country ya Bharat Financial formerly SKS Microfinance) has signed an exclusivity agreement for a potential merger with Indusind Bank ‘The RBIwill intraduee 100 rupees cain to mark the birth centenary of Late Dr MG Ramachandran, He founded the political party nam AIADMK Vijaya Bank has bagged the first prize under the Rajbhasha Kirti Pureskar (Region C] forthe year 2016-17 Al-L.S5|akh post offices will offer payments bank service by the end of 2018. Payments banks can accept deposits of up to‘Rs Llakh perlaccount from individuals Indusind Bank banks has secured up to $200-man (about Rs 1,282-cr) loan from Asian Development Bank (ADB) to serve low-income women borrowers in rural areas HSBC has tied-up with microfinance industry association Sa-Dhan to develop digital ecosystem. HSBC is headquartered in London HFC Bank has topped the ‘Brandz Top 50 list of the India’s top brands accordingto a report released by WPP Plc and Kantar Millward Brown. Airtel Payments Bank has become the first payments bank in India to integrate the Unified Payments Interface (UPI) on its digital platform NS 8GA/BA Compendium for IBPS PO Mains 2017 AEMERITSHiN= The capital market regulator SEBI has allowed InviTs and REITs to raise capital by issuing debt securities. While InviTs ‘means infrastructure investment trusts, REITs means Real Estate Investment Trusts, The RBlamended the statutes making it possible for banks to invest in Reits and Invits capping such exposures to 10 per cent of the unit capital of such instruments The Indian Bank has raised Rs 2,000 cr to finance infrastructure and affordable housing, The bank is headquartered in Chennai The Asian Development Bank has sanctioned a USD 300-mn loan facility for carrying forward fiscal reforms in West Bengal State Bank of India is India’s most trusted and most popular bank according to a survey conducted by Brand Finance. ‘SBI has launched a bond index series in partnership with global index provider FTSE 100 The RBl announced that Masala bonds will be treated as ECBs from 3 Oct 2017. The term ECB stands fon External Commerdal Borrowings The Asian Development Bank (ADB) has downgraded India’s growth projection to 7 per cent The artificial intelligence banking platform Payjo has launched an Al-powered chat assistant named ‘Intelligent Assistant™ for SBI IDBI Bank has launched ‘Project Nishchay’ in partnership with the Boston Consulting Group(BCG) to accelerate its, ‘turnaround program The Asian Development Bank will increase its annual lending to India to a maximum of $4 bn between 2018 and 2022 The public sector Syndicate Bank has cut savings account interest rate by 0.50)per Cent to 3.50 per cent for deposits up ‘to Rs 25 lakh. The bank is headquartered in Manipal India’s International Bank is the tagline of the public sector bank Banko? Baroda SBI, a Mumbai-headquartered banks recently waived the closure charges forsevings accounts Bandhan Bank plans to open another 60 branches in coming maths as part of efforts to expand its presence across the country. The bank is headquartered at Kolkata The insurance behemoth Life Insurance Corporation (LIC) GFindia retently paid Rs 2,206 cr amount to the govtas surplus for the financial year 2017 ‘The RBI has issued rules for NBFCs that want to operatelas peer-to-peer (P2P) lending platforms. The maturity of the loans in this case must not exceed 36 months ‘The RBIhas specified norms for NBFCs to act @sPaPs. The aggregate exposure ofa lender to all borrowers at any point of time, across all P2Ps, would be subject tola cap of Rs 10 lakh HDFC Life has launched Neo, a servicing bot for Twitter, that uses artificial intelligence for customer service. The RBI opened a branch in Dehradun feceftly to make transactions of the state govt more convenient. The present, Chief Minister of Uttarakhand is Trivendra Singh Rawat Users will be able to transfer funds from one mobile wallet to another as RBI is allowing inter-operability among PPIs vvery soon. The term PPi.stands for Prepaid Payment Instrument Vijaya Bank hasentered into an MoU with Hindustan Petroleum Corporation for enabling all HPCL retail outlets with BHIM/UPI merchantsolutions. ‘The RBIhas initiated a jprornpt corrective action’ against the state-owned Oriental Bank of Commerce (OBC) which is headquartered at Gurugram. The (Central Board of Direct Taxes (CBDT) has signed two more advance pricing agreements (APAs} with taxpayers as part of itsaira to reduce litigation by providing certainty in transfer pricing. The current Chairperson of CBDT ts Sushil Chandra State Bank of India recently announced to create a 15,000-sqft innovation centre at its Global IT Centre in Belapur in Navi Mumbai investing around Rs 100 crore. Tndusind Bank has announced the takeover of the micro finance lender Bharat Financial Inclusion Ltd, The NIF has inked a pact worth $1 bn with Abu Dhabi Investment Authority. The term NIIF stands for National Investment and Infrastructure Fund The Union Bank of India has launched an Android app, Union Sahyog. The headquarters of the Union Bank of Mumbai NS 9GA/BA Compendium for IBPS PO Mains 2017 AEMERITSHiN= YES Bank has committed Rs 156 cr to fund first Sewage Treatment Plant (STP) to be constructed at Varanasi under Hybrid Annuity-PPP Model. The banks will provide funds to women self help groups in rural areas at 07 per cent under the Deendayal Antyodaya Yojana National Rural Livelihoods Mission (DAY-NRLM) in the current fiscal, The govt has given its nod for banks to sell more small savings schemes. Along with the public sector banks three private sector banks has been allowed for the same which are ICICI Bank, HDFC Bank and Axis Bank ‘The RBI has slapped a Rs 6-cr penalty on Yes Bank for breaching its rules on classifying NPAs and fallingto report a, security incident involving its ATMs on time, Indusind Bank, in association with Mobikwik, has launched a co-branded wallet that allows its customers ta pay at the Mobikwik merchant network with a ‘Direct Debit Feature’ The Engineering Export Promotion Council (EPC) of India has signed an MoU with PNB bank to providé easy actess to finance for SMEs and merchant exporters, ‘The RBIhas imposed a monetary penalty of 82 cr an IDFC Bank for contravention of regulatory restrictions pertainingto loans and advances. The RBlis set to make LEI compulsory for companies having aggregate fund- based and noji-fulld based exposure over Rs Ser, The term LEI stands for Legal Entity Identifier ‘Asian Development Bank and the govt of India signed a $300-mn loan to continue a sefies of fiscal reforms in the State of West Bengal to improve the quality of public service delivery. The State Bank of India (SBI) has slashed IMPS charges up to 80 per cent. The term IMPS means Immediate Payment Service Visits and International relations & Summits Prime Minister Narendra Modi visited Israel recently becoming the first Indian PM to visit the country in 70 years India recently signed seven MoUs in the fields of water conservation, space, innovation and agriculture with Israel PM Narendra Modi recently visited the Haifa indian Cemetery in Israel and paid homage to Indian soldiers who laid down their lives during the World War | in 1918 India and ASEAN are actively engaged in negotiations for a AGEP agreement which is likely to be concluded by the year end. The term RCEP means Regional Comprehensive Economic Partnership Reuven Rivlin is the present President of Israel. PM/Narendra Modi visited the country recently. PM Narendra Modi recently visited Hamburg (Germany) to attend the G20 Summit. India will Invite the heads of state of alli10 Asean nations for the Republic Day parade and celebrations in 2018. The 2018 G20 Summit will be the thirteenth meeting Of Group of Twenty (20) and will be held in Buenos Aires, (Argentina) India and Bangladesh have detided to construct a bridge over Khawthlangtuipui river in Mizoram to facilitate trade and to improve communication between'the two countries, The External Affairs MifisterSushma Swaraj recently held talks with Abdulmalik Abduljalil AF MieKhlafi who isthe present Deputy Prime Ministerof Yernen ‘A Model United Nations (MUN) Regional Conference, attended by youths from 12 South and Central Asian countries, was held recently in Kathmandu The 22nd World Petroleum Congress (WPC) International Conference was held recently in Istanbul in Turkey India recently contributed an additional amount of $1 mn to India-UN Development Partnership Fund launched to, support the developing world. India and Bangladesh recently signed a pact to connect both the countries by waterways India is hosting the fifth Global Conference on Cyber Space (GCS) in Nov 2017, The Navy Chief Admiral Sunil Lanba visited Tanzania recently, The capital city of Tanzania is Dodoma India and Japan are pushing forthe development of the Asia Africa Growth Corridor (AAGC), an alternative to China’s BOR The two-day conclave of tax officers entitled ‘Rajaswa Gyansangam’ was held on (Sep 1 and 2) in New Delhi ‘The Army chief General Bipin Rawat recently visited Kazakhstan, The capital city of Kazakhstan is Astana 10GA/BA Compendium for IBPS PO Mains 2017 AEMERITSHiN= India and Russia recently signed three contracts for constructing Units 5 and 6 for the Kudankulam Nuclear Power Plant in Tamil Nadu The World Bank allowed India to construct hydroelectric power facilities on tributaries of the Jhelum and Chenab rivers recently. The headquarters of World Bank is situated in the Washington DC ‘Nirmala Sitharaman led the six-member Indian delegation at the 7th Meeting of BRICS Trade Ministers held in Shanghai, China India and Somalia signed a bilateral agreement for the transfer of sentenced persons recently. The capital city of Somalia is Mogadishu The eighth meeting of the Regional Technical Group of Confidence Building Measure on Trade, Commerce & Investment Opportunities under the Heart of Asia ~ Istanbul Process was hosted by India recently in New Delhi The External Affairs Minister Sushma Swaraj recently participated in the 15th BIMSTEC Ministerial Meeting held in Kathmandu, Nepal India and US will co-host the Global Entrepreneurship Summit at Hyderabad from Nov 28, 2017, ‘Member-country of the Bay of Bengal initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC): 1.Bangladesh. Sheikh Hasina, Prime Minister. Bhutan. 2, shering Tobgay, Prime Minister, 3.India. Narendra Modi, Prime Minister. 4.Myanmar. Htin Kyaw, President of Myanmar. 5Sri Lanka. Maithripala Sirisena, President. 6.Thailand. Prayuth Chan-ocha, Prime Ministef. 7.Nepal. Sher Bahadur Deuba, Prime Minister The five-day India-ASEAN Youth Summit was held recently in Bhopal ‘The Union Cabinet has given its approval to the MoU between india and Swedeflion Cooperation in the field of Intellectual Property {IPRs}. The capital city of Sweden is Stockholm India will host the next steering committee meeting of the proposed 1,810 kilametre-long Turkmenistan- Afghanistan- Pakistan-India (TAP!) gas pipeline India and US have established a new 2-by-2 ministerial dialogue in which the foreign and defence ministers will participate The three-day 8th World Renewable Eneray TechnologyGongress was held recently in New Delhi The seventeenth Meeting of the FSDC was held in NeW Delhi under the Chairmanship of the Union Minister of Finance Arun Jaitley, The term FSDC stands for Financial Stability and Development Council ‘Atwo-day meeting of Heads of Governmentsof Shanghai Cooperation Organization (ScO) Member States was held recently at Chopion Ata in Kyrgyzstan. Almazbek Atambayev (Kyrgyzstan) Emomalii Rahmon (Tajikistan) Shavkat Mirziyoyev (Uzbekistan) Xi Jinping (China) PF. Nursultan Nazarbayev (Kazakhstan) Vladimir Putin (Russia), Ram Nath Kovind (india), ‘Mamnoon Hussain (Pakistan) The Union Cabinet has given its approval to the MoU between India and Nepal on Drug Demand Reduction and Preventionof iliit Trafficking in Narcotic Drugs ‘Stronger Partnership for a Brighter Future is the theme of the BRICS Summit 2017, The Indian Army will get an advanced medium-range surface to air missile (MRSAM) system by 2000. The system will be produced is assistance from Israel India and Nepal signed eight MoUs during the recent visit of the latter's Prime Minister to New Delhi India and Germany signed an agreement on technical cooperation under a “Green Energy Corridors’ programme The Fourth Session of the India-Tanzania Joint Trade Committee (JTC) meeting was held in New Delhi, The currency of Tanzania is Shilling Russia will deliver 10 Kamov Ka-226T military helicopters to India in the first tranche as part of a $1-bn deal Doris Leuthard was in New Delhi on the three-day state visit. She is the present President of Switzerland The two-day annual conference, Rajaswa Gyan Sangam, 2017 was held in New Delhi AMeRiT Sine 11GA/BA Compendium for IBPS PO Mains 2017 AEMERITSHiN= ‘Seychelles has become the ninth nation to ratify the International Solar Alliance (ISA) framework pact. The capital city oF Seychelles is Victoria The recent BRICS Summit hosted in Xiamen, China was 9th BRICS Summit. 10th Host country: South Africa Cities: Johannesburg Prime Minister Narendra Modi visited Nay Pyi Taw on a two-day visit recently. Nay Pyi Taw is the capital city of Myanmar The External Affairs Minister Sushma Swara] visited Vladivostok in Russia to attend the third Eastern Economic Forum (cee) Prime Minister Narendra Modivvisited the mazar of Bahadur Shah Zafar and the 2,500-year-old Shwedagon pagoda Myanmar. The National Highway Authority of India has awarded its first international project in Myanmar to a joint venturelef Pun} Loyd-Varaha The Energy Efficiency Services Limited (ESL) launched UIALA Scheme in the State of Melaka in Malaysia’ Prime Minister Narendra Modi recently visited the Ananda Temple in Bagan, an ancient city iniMlyanmar India and Japan recently decided to ramp up their defence cooperation, with more bilateral Combatexercises, exchanges and collaboration in technologies Salahuddin Rabbani, who visited New Delhi, recently, is the present Foreign Minister of Afghanistan. Both countries signed four pacts during his visit. The Union Cabinet has approved the signing oF an agreement with Morocco to/fight against child cardiovascular diseases and cancer, The capital city of Morocco is Rabat Aleksandr Grigoryevich Lukashenko visited New Delhi recently, He is tha present President of Belarus. Capital Minsk Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abemetat Ahmedabad for the 12th India-Japan annual summit, The Union Cabinet recently approved signing ofan MoU with Armenia for cooperation in the field of disaster ‘management.The currency of Armenia is Dram. Capital is Yerevan India launched ‘Operation Insaniyat’ recently to send relief to Bangladesh to help Rohingyas The Govt has signed a $76-mn loan deal with Japanjto upgrade the environment management plan at Alang-Sosiya ship recycling yards situated in Gujarat The First ‘BIMSTEC Disaster Management Exerciser 2017’ will be conducted from 10-13 Oct 2017 in Delhi NCR India is collaborating with Russia to build Rooppur nuclear power plant in Bangladesh India has received its first 12000 HP locomotive, The locomotive is supplied by Alstom which is a multinational company from France The 7th Asia-Europe Meeting (ASEM) Ecofiomic Ministers’ Meeting was held recently n Seoul, South Korea President Ram Nath Kovind will make his first foreign trip to Ethiopia and Djibouti(Capital Djibouti). The capital aty of Ethiopia is Addis Ababa. India and Norway have signed Letter of Intent to extend health cooperation. The currency of Norway is Norwegian krone, Capital Oslo The Union Cabinethas given its approval for signingan MoU between India and which country on Technical Cooperation on Police Trainingand/Development Afghanistan The Union Cabinet has approved signing and ratification of the Bilateral Investment Treaty between India and Belarus on investments, The capital city of Belarus is Minsk The Global Entrepreneurship Summit 2017 will be held at Hyderabad on Nov 28-30 India recently approved a Line of Credit to Bangladesh for funding infrastructure projects. The amount of the Line of Credit is $4.5 bn (1%interestrate) The Union Cabinet has approved the Extradition Treaty between India and Lithuania. The capital city Lithuania is Vilnius. Litas was the currency till 2014, The Union Cabinet has given its ex-post facto approval to an MOU between India and Myanmar for up gradation of the women’s police training centre at Yamethin, The Sth conference of the Association of SAARC Speakers and Parliamentarians was held recently in Colombo 12GA/BA Compendium for IBPS PO Mains 2017 AEMERITSHiN= India and Ethiopia have signed agreements on trade, communication and media to boost bilateral ties. The currency oF Ethiopia is Birr India and European Investment Bank recently signed the finance contract for lending of 300 million euros (about RS 2,293 crore] for Bangalore Metro Rail Project phase-I ‘New Delhi is the host city for the 4th Dialogue of Civilizations which is being organized from 8th to 15th October, 2017 India and Ethiopia recently signed agreements on trade, communication and media to boost bilateral ties ‘New Delhi followings the host city of the first meeting of India-Australia Joint Steering Committee The first BIMSTEC Disaster Management Exercise (DMEx-2017) was held in New Delhi The Union Cabinet has recently approved signing of Memorandum of Cooperation (MoC) between India andJapai on the Technical Intern Training Program (TITP). ‘Washington D.C is the host city of 6-20 Finance Ministers and Central Bank Governors (FMCBG) The External Affairs Minister Sushma Swaraj held talks with Agapito Mba Mokuy in New Delhi who is her. counterpart from Equatorial Guinea (Capital: Malabo) The host country of the 6th Annual LNG Producers Consumer Conference was Japan India has signed an MoU with Japan to send youngsters there as technical interns for on-the-job training The Union Minister of State for External Affairs MI Akbar met Abdel Fattah el-Sisi recently, El-Sisi is the present president of Egypt In her first foreign visit as Defence Minister, Nirmala Sitharaman visited Philippinesifecently. The capital city of Philippines is Manila Sports The host of the 2017 Women's Cricket World Cup is England The 22nd Asian Athletics Championships was inaugurated recently in Bhubaneswar Pankaj Advani-led Indian team beat Pakistan to cinch the Asian Team Snooker Championship in Bishskek, Kyrgyszstan recently India recently won the five-match ODI series against West indies by a 3-1 margin. Ajinkya Rahane was declared Player oF the Series g India’s Harinder Pal Sandhu, who won South Australian Open title recently, is associated with the game of squash India topped the medal tally (with 29 medals)forfifst time in Asian Athletics Championships history which concluded recently in Bhubaneshwar. Valtteri Bottas won the 2017 AustraniSrant Prix Fl championship recently India’s Pentala Harikrishna is associated with Chess Garbine Muguruza won the women’s singles title of the 2017 Wimbledon tennis tournament India's Sundar Singh Gurjar won gold at the 2017 World Para Athletics Championships in London. He won medal in the men's javelin throw Roger Federer won the mer’ssingles title of the 2017 Wimbledon tennis tournament, India's Harinder Pal Sandiluwon the 2017 Victorian Open recently. He plays Squash Lewis Hamilton won the 2017 British Grand Prix Fl championship India’s Karamjyou Dalal won bronze medal at the World Para Athletics Championships 2017 in Discus throw England teamswon the ICC Women’s World Cup 2017 The hostof the 2017 Women’s Asia Cup of Federation of International Basketball (FIBA) is Bengaluru Punjab state recently announced a cash reward of Rs five lakh for Harmanpreet Kaur for her 171 not out in the semi- final against Australia in the Women’s World Cup ‘Mukul Sangma recently launched ‘Mission Football to help develop skis of football enthusiasts and develop young footballers for the country. He is the present Chief Minister of Meghalaya India finished at Seventh position in the sixth Commonwealth Youth Games at Nassau in Bahamas after winning 11 medals HS Prannoy won the US Open Grand Prix Gold badminton recently Sachin Siwach clinched a gold medal at the Commonwealth Youth Games in Bahamas recently in the game of boxing 13GA/BA Compendium for IBPS PO Mains 2017 AEMERITSHiN= Milthali Raj has been chosen as the captain of the ICC Women’s World Cup 2017 team by the International Cricket Council ‘Aya Ohorl won the women’s singles title of the US Open Grand Prix Gold badminton recently ‘As announced by the International Boxing Association (AIBA), India will host the first Men’s World Championship in 2021 India’s Lovepreet Singh won bronze medalin Asian Youth and Junior Championships at Kathmandu in Weightlifting Devendra Jhajharia has become the first paralympian to be recommended for the Rajiv Gandhi Khel Ratna award. He is associated with Javelin Throw Punjab govt. is in process of inducting Indian women team cricketer Harmanpreet Kaur as a DSP in the state police Neymar has become the world’s most expensive footballer, with Paris Saint-Germain signing him fora five-year deal for a fee of Rs1,680 cr, He hails from Brazil ‘The names of Joshna Chinappa and Dipika Pallikal are associated with Squash. ‘The name of Neeraj Chopra is associated with Javelin Throw Davinder Singh Kang recently became the first Indian to qualify for the final round of the World Championships of Javelin throw ‘Maheshwari Chauhan bagged a bronze medal at the Asian Championship in Astana recently inthe game of shooting Los Angeles will host the Summer Olympics in 2028 ‘Maairaj Ahmad Khan and Rashmi Rathore bagged a gold medal in the skeet mixed teamjevent at the 7th Asian Championship Shotgun held in Astana, the capital city of Kazakhstan The greatest sprinter of modern times, Usain Bolt, has retired from the Athletics world: He is from Jamaica (Kingston Capital, Jamican Dollar Currency) Gabriel Chundan won the 65th edition of the prestigious Nehru Trophy (Boat Race) held at the Punnamda Lake in Kerala. ‘Alexander Zverev won the Rogers Cup 2017 The indian pair of Soumyajit Ghosh and G Sathivan won a siNer medal at the Bulgaria Open in Panagyurishte. They are the Table tennis players The Indian contingent created history in the World Dwarf Games by winning record 37 medals, The 7th edition of the World Dwarf Games was held in Toronto, Canada Serena Williams has been declared the highestepaidfemale athletes for 2017 by Forbes The Sports Ministry recently (on 23 Aug) announéed the winner(s) of the prestigious Rajiv Gandhi Khel Ratna award which has been given to Sardar Singh & DevendraJhajharia The Sports Ministry has announced the winnerSof the Dhyan Chand Award for lifetime contribution to sports development which has been given to: Sumiarai Tete (Hockey), Syed Shahid Hakim (Football) and Bhupender Singh athletics) The Sports Ministry has announced the winners of the Dronacharya Award which has been conferred to: ‘late Dr. R, Gandhi Athletics 2.Mr. Heera Nand)Kataria Kabaddi 3.Mr. GSS.V. Prasad Badminton (Lifetime) 4.Mr. Brij Bhushan Mohanty Boxing (Lifetime) 5.Mr. P.A.Raphel Hockey (Lifetime) 6.Mr.Sanjoy Ghakraverthy Shooting (Lifetime) 7.Mr Roshan LalWestling (Lifetime) The Sports Ministry has conferred Arjuna award on 17 players Cristiano Ronaldo has won the UEFA Men’s Player of the Year award for the 2016-17 season The 2018 International Table Tennis Federation (ITTF) Team World Cup will be held in London ‘Nozomi Okuhara wan the women’s singles title of the World Badminton Championship 2017 Lionel Messi has become the first football player to score 350 La Liga goals India won the SAFF U-15 Championships 2017 in Kathmandu The official mascot of the FIFA U-17 World Cup India 2017 is ‘Kheleao’ which is a Clouded Leopard Reliance Foundation has been rewarded with the prestigious Rashtriya Khel Protsahan Award 2017. 14GA/BA Compendium for IBPS PO Mains 2017 AEMERITSHiN= ‘Mahendra Singh Dhoni has become the first wicketkeeper to do 100 stumpings in ODI Cricket Roelant Oltmans was recently sacked as the national coach of the Indian Hockey team PR Seshadri has assumed charge as the Managing Director and Chief Executive Officer of Karur Vysya Bank Shiv Pratap Shukla has been inducted as the new Union Minister of State in the Ministry of Finance STAR India has grabbed the global media rights to the Indian Premier League (IPL) with a composite global bid of Rs 16,348 cr for 2018-22 Konsam Ormila Devi bagged gold at Commonwealth Youth Championships held in Australia, She is associated with, Weightlifting Duleep Trophy is associated with Cricket India will host the 2019 edition of the Commonwealth (Youth, Junior and Senior) Weightlifting Championships! Sjoerd Marijne has been named as the new chief coach of Indian men’s hockey team. Sonam Malik won a gold medal in Cadet World Championship in Athens. She is an Indian wrestler ‘Sloane Stephens won the women’s singles title of the US Open 2017 India won the 2017 South Asian Basketball (SABA], Under-16 Championship Rafael Nadal von the men’s singles title of the 2017 US Open tennis tournament ‘Martina Hingis and Chan Yung-Jan won the women’s doubles title of the 2017 US Open tennistournament India finished at Fifth position in the medals tally with one gold and two silver medalsjat the Moscow Shotgun World Championship The four-day annual BSF sports meet (2017) was held recently in Jammu Rafael Nadal has been ranked on the number one spot in the current aién’s/Association of Tennis Professionals (ATP) world singles rankings. Prakash Padukone among the following has been selected for the first lifetime award by Badrninton Association of India (Bal) ‘The 2018 Winter Olympics are scheduled to be held in Pyeongchang, South Korea from Feb 9 to 25, 2018 Tos Angeles will host the 2028 Summer Olympics, Paris Wil host the 2024 Summer Olympics, Tokyo will host the 2020 Summer Olympics Garbine Muguruza has topped the women’s Assoblation of Tennis Professionals world singles rankings released recently (Aug) Maharashtra won the Chief Minister's cupjwithids gold medals at National kickboxing championship in Raipur PV Sindhu won the Korea Open Super Series 2017 badminton The 15-year-old Shapath Bhardawaj fias @ualified for the World Cup Finals for shooting The Union Sports Minister Rajyavardhian Singh Rathore has announced that elite athletes preparing for international | games will receive a stipend of Rs'50,000/month ‘Mahendra Singh Dhoni completed the coveted landmark of 100 international half-centuries across all three formats recently Lewis Hamilton won thel2017 Singapore Grand Prix Fi championship ‘The Sports Mistry has added 107 athletes to the list of those who will get funds for training under the TOPS scheme, The term TOPS mesins Target Olympic Podium Scheme The SthiAsian Indoorand Martial Arts Games were held at Ashgabat, the capital city of Turkmenistan Kuldeep Yadav is an Indian bowler who tooka hat-trick and helped India beat Australia by 50 runs in the second ODI at the Eden Gardens. Only Kapildev and Chetan Sharma before him. ‘The 57th National Open Athletics Championships 2017 begun recently at the Jawaharlal Nehru Stadium in Chennai Vaishnavi Reddy clinched the women's singles Under-19 title at the Belgian Junior Open tournament. She isan Indian player of badminton ‘The South Asian Boxing Championship will be held in Dec 2017 for the first time in India in Guwahati The Queen's Baton for the 2018 Commonwealth Games arrived in India recently, The Games will be held in Australia Pooja Kadian created history as she bagged India’s first ever gold medal at the World Championships in Russia in the game of Wushu 15