Black money: Centre gives apex court list of 627 account holders

  The Centre on Wednesday submitted a sealed cover to the Supreme Court containing a list of 627 Indians holding black money in bank accounts abroad along with a status report on the investigation conducted against them. The three-judge Bench of Chief Justice HL Dattu and Justices Ranjana Desai and Madan B Lokur, which had hardened its stand on Tuesday against the Centre for non-disclosure of all names, decided not to reveal...

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New team to steer economy

Arvind Subramanian is Chief Economic Adviser With the appointment of former IMF economist Arvind Subramanian as the Chief Economic Adviser and Rajasthan cadre IAS officer Rajiv Mehrishi as the finance secretary, the Narendra Modi government has brought in a new team to steer the economy, five months after it came to power. Mr. Subramanian, earlier a senior fellow at the Washington-based Peterson Institute for International Economics,...

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PM rolls out labour reforms

Modi combines pro-worker promises with industry-friendly changes Prime Minister Narendra Modi on Thursday unveiled new measures for the youth, workers and employers to improve ease of doing business for enterprises while expanding government support for training workers. “Ease of business is the greatest requirement for India’s success. It will be a priority under Make in India. Labour’s problems must be seen from labour’s point...

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“What is ISLAMIC BANKING”

Islamic banking refers to a system of banking activities that is consistent with the principals of Shariat law. Shariat prohibits the acceptance or giving of interest . The economic activity of Islamic banking is by becoming a share holder in the profits of the activity. Recently, the R. B. I. has permitted a N B F C called Cheraman Financial Services Limited, floated by Kerala State Industrial Development Corporation ,with capital of Rs 1000 crore, to work as an Islamic financial institution. GA TEAM MAHENDRA EDUCATIONAL PVT L...

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RBI may not cut interest rates in monetary policy review as inflation levels remain high

With retail inflation continuing to remain at elevated level, the Reserve Bank is unlikely to cut interest rates in its upcoming monetary policy review this week. The RBI will unveil its fourth bi-monthly policy on September 30. Although consumer price index (CPI), which the central bank is monitoring closely, has shown a declining trend in the past few months,...

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Current account deficit narrows - RBI

Contraction in trade deficit helps, says RBI India’s current account deficit (CAD) narrowed sharply to $7.8 billion (1.7 per cent of gross domestic product) in the first quarter of 2014-15 from $21.8 billion (4.8 per cent of GDP) in the year ago period. However, it was higher than $1.2 billion (0.2 per cent of GDP) in Q4 of 2013-14. “The lower CAD was primarily on account of a contraction in trade deficit contributed by both...

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RBI norms on Basel III instruments are credit positive: Moody's

The new norms by RBI for the instruments compliant under Basel III to raise Tier-I capital are credit positive for Indian banks, in particular public sector banks, according to Moody’s credit rating agency. “They will make the instruments more attractive to investors, broaden the investor base for additional Tier 1 (AT1) securities to include retail investors and allow banks to have a higher proportion of AT1 capital in their Tier 1 capital,” Moody’s said in its credit outlook report. New guidelines On September 1, the Reserve Bank...

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Raghuram Rajan warns of another global financial crisis..........

Reserve Bank of India Governor Raghuram Rajan has warned that the world economy could be heading towards a crash much like the Great Depression of the 1930s as advanced countries in a bid to pull out of the global downturn are working at cross purposes. He advocated greater coordination between the central banks of these countries so as to avert a replay of the 2008 financial crisis that the collapse of Wall Street firm Lehman Brothers...

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What Is IFSC ?

                                  INDIAN FINANCIAL SYSTEM CODEIFSC is an alpha-numeric code that uniquely identifies a bank-branch participating in  the NEFT system.This is an 11 characters code.FIRST 4th  alpha characters representing --- BANK NAMEThe 5th characters is --- ZEROThe last 6th characters representing --- BRANCH CODE In future when the number of branches increase, zero will be replaced an other numbers...

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Green signal for FDI in railway infrastructure

FDI is now allowed in all areas of Railways, except operations Ahead of Prime Minister Narendra Modi’s visit to the US, the Cabinet has cleared a proposal to allow 100 per cent foreign direct investment (FDI) in Indian Railways. Two American companies — GE and EMD — have been shortlisted for a proposed diesel locomotive factory to be built in Bihar. Now, except for Indian Railways’ operations, FDI can be brought into all special purpose vehicles, companies and joint ventures as an equity infusion, explained sources. The existing Department...

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SEBI gets powers to clamp down on fraudulent deposit schemes

Lok Sabha passes Securities Laws Bill Finance Minister Arun Jaitley   The Securities and Exchange Board of India (SEBI) will now have explicit powers to disgorge — recover — the illegal gains made through fraudulent deposit schemes and capital market offences. The assets recovered will be paid back by the market regulator to people who had lost their money in such schemes. The Securities Laws (amendment) Bill, 2014, which was...

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Sierra Leone declares emergency

Medecins sans Frontieres (MSF) staff put on their protective gear before entering an isolation area at the ebola treatment centre in Kailahun, Sierra Leone.— File Photo: Reuters Sierra Leone leader Ernest Bai Koroma declared a state of emergency on Thursday as the country struggled to contain the deadly ebola epidemic. The impoverished country, along with neighbouring Guinea and Liberia, is struggling to contain an epidemic that has...

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‘India can achieve manufacturing growth of 12-14%’

India has the capability to achieve 12-14 per cent average manufacturing growth over the next 10 years backed by the talent it has to drive innovation and critical decision it can take at the micro and enterprise level, said Ajay Shankar, Member Secretary, National Manufacturing Competitiveness Council, here on Thursday. Mr. Shankar was speaking at the Visionary Leadership for Manufacturing Programme (VLMF), an initiative organised by the Confederation of Indian Industry (CII) to transform the manufacturing industry. “In the past few...

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Basic saving bank deposit A/c

केंद्र सरकार व रिजर्व बैंक ने आम जनता के बीच बैंकिंग सेवा के विस्तार के लिए मूल बचत बैंक जमा खाता योजना (बेसिक सेविंग बैंक डिपॉजिट अकाउंट स्कीम) को कुछ साल पहले लांच किया था। गरीबों तक बैंकिंग सेवा पहुंचाने के लिए देश में जितने नो फ्रिल खाते खोले गए हैं, उन्हें मूल बचत बैंक खाता योजना के तहत रखा गया है। इस स्कीम में ग्राहकों को न्यूनतम बैंकिंग सेवा देने की गारंटी दी जाती है। एक व्यक्ति को किसी भी बैंक में महज एक ही मूल बचत बैंक खाता खोलने की इजाजत है। वैसे तो कोई भी इस योजना के तहत अपना बैंक खाता खोल सकता है। अगर वह उस बैंक में कोई दूसरा...

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जनरल सुहाग आज संभालेंगे सेना प्रमुख का पदभार....

जनरल सुहाग आज संभालेंगे सेना प्रमुख का पदभार नई दिल्ली। लेफ्टिनेंट जनरल दलबीर सिंह सुहाग आज नए सेना प्रमुख का कार्यभार संभालेंगे। पूर्व यूपीए सरकार ने मई में सुहाग की नियुक्ति की थी। इस पर विवाद भी हुआ था। भाजपा ने उनकी नियुक्ति के समय पर सवाल उठाए थे हालांकि बाद में नई सरकार ने उनके नाम को हरी झंडी दे दी। जनरल सुहाग 30 महीने तक इस पद पर रहेंगे। 59 साल के जनरल सुहाग ने 1987 में श्रीलंका में इंडियन पीस कीपींग फोर्स ऑपरेशन में हिस्सा लिया...

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Move ahead on trade: U.S.

WTO issues cast shadow over Kerry's visit India’s tough stand at the World Trade Organisation (WTO) is likely to hang over bilateral issues between India and the U.S. as U.S. Secretary of State John Kerry begins his meetings in Delhi on Thursday. U.S. Commerce Secretary Penny Pritzker, who is accompanying Mr. Kerry to co-chair the Indo-U.S. strategic dialogue, set alarm bells ringing just hours before the meeting, saying the U.S....

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Amazon now lines up $2 billion fresh investment in India

inShare A day after Flipkart picked up a whopping $1 billion in funding, global online retailer Amazon said that it would invest as much as $2 billion in India to support its “rapid growth and to enhance customer and seller experience”. The company, however, did not disclose the timeline by which its investment would be made. In comparison, home-grown e-tailer Flipkart has raised a total of $1.78 billion since its...

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GA QUIZ

[1] Who has been appointed as the goodwill ambassador of 35th National Games, Kerala scheduled to be held from January-February 2015? Ans - Sachin Tendulkar [2] Who has decided to provide automatic tax information exchange to India? Ans – Mauritius [3] Who released the report titled Standing on the Sidelines? Ans – Oxfam [4] Name the company who has halted the production of India’s iconic car Ambassador on 25 May 2014? Ans - Hindustan Motors [5] Who released European Drug Report 2014: Trends and developments on 27 May 2014? Ans – EMCDDA [6]...

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GA QUIZ

[1] Who has been named as the batting coach of Pakistan cricket team for two years? Ans - Former Zimbabwe batsman, Grant Flower [2] Who has been approved as a provisional new AIBA member to represent India by AIBA Executive Committee? Ans - Boxing India [3] Who has been awarded with the Silver Shovel Award? Ans - Ravi Dhariwal, the CEO of Bennett, Coleman and Company Limited (BCCL) [4] Who has received ISAE Type II certification for maintaining high quality operating model and having effective control systems? Ans - Sundaram BNP Paribas Fund...

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GA QUIZ

[1] Who has been appointed the president of International Technology Law Association? Ans - Sajai Singh [2] Which Indian Documentary won three awards in US festival? Ans – Silent Screams [3] When was World Migratory Birds Day observed across the world? Ans – 10 – 11 may [4] Who led the Indian delegation at 67th Cannes International Film Festival? Ans – Kamal Hassan [5] Who has been appointed as the new MD of Volvo Buses India? Ans - VRV Sriprasad [6] Who has been appointed as the Chairman of the Cauvery Water Disputes Tribunal as a successor...

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GA QUIZ

[1] Who won the 2014 Wimbledon women singles title? Ans - Czech left-hander Petra Kvitova [2] Name the committee who submitted a report titled to Review the Methodology for Measurement of Poverty? Ans - Rangarajan committee [3] Who has been appointed as Chief Executive Officer of Reliance Infrastructure? Ans - M S Mehta [4] Who won the men's Wimbledon Tennis Open? Ans - Novak Djokovic [5] Who took additional charge as an interim Governor of West Bengal? Ans - Bihar Governor, DY Patil [6] Who inaugurated the 240MW Uri-II HEP in J&K that...

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GA QUIZ

[1] Name the Czech priest won the Templeton Prize for 2014? Ans - Tomas Halik [2] Who bagged the Gollapudi Srinivas National Award 2013? Ans - Gyan Correa [3] Who won the 2014 edition of the UN-Water ―Water for Life‖ Best Practices Award for their sustainable practices of water resources? Ans - India and Singapore [4] Who was selected for the 23rd G D Birla Award for scientific research for the year 2013? Ans - Physicist Rajesh Gopakumar [5] Name the renowned Hindi author will receive Sarawasti Samman for the year 2013 for his book ‗Dhool...

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GA QUIZ

[1] Who won the presidential elections of Syria for the third time? Ans - President Bashar al-Assad  [2] Who has been given additional charge of the Ministries of Rural Development, Panchayati Raj and Drinking Water and Sanitation on 4 June 2014? Ans - Nitin Gadkari [3] Who has been elected to the Intergovernmental Committee for Safeguarding of the Intangible Cultural Heritage for the next four years? Ans - India  [4] Who won the Roll of Excellence award from the Airport Council International (ACI)? Ans - Rajiv Gandhi International...

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GA Questions Asked in SBI- PO Exam on 28 & 29 June (Based on memory)

1. First White Label ATM 'Indicash' was unveiled by:  Tata Communication Payment Solutions Ltd. 2. India extended visa on arrival facility _____countries.  180 3. Anti-Terrorism Day:  21 May 4. Which index is used in India to measure Inflation? :  CPI 5. The full form of SARFAESI Act is- Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 6. What is the maximum allowable transaction limit at a time in case of NEFT?: 50,000 Rupees 7. After its ten and half years...

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GA QUIZ

[1] When was International Day against Drug Abuse and Illicit Trafficking observed? Ans - 26 June  [2] Who has been announced to be honoured with Officer of the Legion of Honour for his contribution to Cinema by France? Ans - Shahrukh Khan [3] Who has been was as Chairman of Coal India Limited with immediate effect? Ans - A.K. Dubey  [4] Who has been appointed as 8th Attorney-General of Singapore? Ans - Indian-origin judge V K Rajah [5] Who has been appointed as the first Chairperson of ICC for a period of two years from 2014 to...

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GA QUIZ

1. In which year India hosted Asian Games for the first time? [A]1951 [B]1953 [C]1955 [D]1968 Ans - C 2. The "Street Art Project" is a cultural initiative of __? [A]Microsoft [B]Google [C]Facebook [D]Wikipedia Ans - B 3. Which among the following is NOT an autonomous region in Mainland China? [A] Inner Mongolia [B]Ningxia [C]Guangxi [D]Hong Kong Ans - D 4. Which among the following is NOT chemical substance of daily use? [A]Blue vitrol [B]Club soda [C]Brimstone [D]Yellow Cake Ans - D 5. The Avadhuta Gita, which is based on the principles...

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GA QUIZ

1. The “Salar Jung Museum”, which has turned 125 years of foundation recently, is in ____? [A]Mumbai [B]Pune [C]Hyderabad [D]Kolkata Ans - C 2. Who among the following has won the prestigious Pen Pinter Prize-2014? [A]Salman Rushdie [B]Ronald Clipp [C]Arundathi Roy [D]J K Rowling Ans - A 3. According SEBI new slew of reforms all listed companies including PSU’s must have public shareholding of ___ per cent. Fill the blank with correct option? [A]Ten [B]Fifteen [C]Twenty [D]Twenty Five Ans - D 4. The Indian Ocean Dipole (IOD) or Indian Nino...

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GA QUIZ

1. Kedarnath Singh, who has been chose for the prestigious Jnanpith award for 2013 is a famous writer in ____? [A]Gujarati [B]Hindi [C]Panjabi [D]Urdu Ans - Hindi 2. According to current estimates, approximately what percent of the world’s proven oil reserves are located in OPEC member countries? [A]81% [B]67% [C]76% [D]90% Ans - 81% 3. ISRO has planning to launch five foreign satellites under commercial agreements. Which of the following satellites name and their country pair is not correct? [A]SPOT-7 – Singapore [B]AISAT – Germany [C]VELOX-1...

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GA QUIZ

1. What is the objective of the government behind setting up a Minimum Export Price (MEP) for a particular commodity? [A]To promote exports [B]To discourage imports [C]To check price rise [D]To provide subsidy to producers Ans - C 2. What was the original name of INS Vikramaditya, which was recently formally inducted into the Indian Navy? [A]Minsk [B]Baku [C]Azov [D]Maxim Gorky Ans -B 3. In the Lok Sabha, Leader of Opposition is a statutory requirement on the panels which select the __: [A]Chief Vigilance Commissioner [B]Chairperson of National...

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GA QUIZ

1. Recently, a financial newspaper read: “India is set for a record food grain output in the current crop year“. The Crop Year in India runs from which month to which month? [A]April to March [B]June to July [C]July to June [D]October to September Ans - C 2. The 3960 MW Tilaiya Ultra Mega Power Project (UMPP) is located in which state? [A]Bihar [B]Jharkhand [C]Uttar Pradesh [D]West Bengal Ans - B 3. A financial newspaper recently read:”The Indian government’s policy measures are helping the power sector as green shoots have started to emerge“....

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SBI – PO Question asked in Exam (14 & 15 June ) Based on memory

Q.1. Which day is celebrated as International Women’s Day? Ans- 8th March Q.2. What is the theme of International Women’s Day for the year 2014? Ans- INSPIRING CHANGE Q.3. What is RuPay and launched by which organization? Ans- RuPay is an Indian domestic card scheme. It was launched by the NPCI. Q.4. What is the full form of NPCI? Ans- National Payments Corporation of India Q.5. In which country, Commonwealth games 2014 will going to be held? Ans- The 2014 Commonwealth Games, officially the XX Commonwealth Games, will be held in...

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List of Governors of Indian States and Union Terrotories

STATES Who is the Governor of Andhra Pradesh? E. S. L. Narasimhan Who is the Governor of Arunachal Pradesh? Nirbhay Sharma Who is the Governor of Assam? J B Patnaik Who is the Governor of Bihar? D. Y. Patil Who is the Governor of Chhattisgarh? Shekhar Dutt Who is the Governor of Goa? B. V. Wanchoo Who is the Governor of Gujarat? Kamla Beniwal Who is the Governor of Haryana? Jagannath Pahadia Who is the Governor of Himachal Pradesh? Urmila Singh Who is the Governor of Jammu & Kashmir? Narinder Nath Vohra Who is the Governor of Jharkhand? Syed...

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GA QUIZ

1. The Technology Upgradation Fund Scheme (TUFS) is a policy initiative for which among the following sectors? [A]Textile Sector [B]Manufacturing Sector [C]Information Technology Sector [D]Agro-Industries Sector Ans - Textile Sector 2. Which among the following is NOT a communicable disease? [A]Malaria [B]Tuberculosis [C]HIV [D]Hepatitis Ans - Malaria 3. The Disaster Management Act, 2005 has been implemented in all states and Union Territories of India except one. Identify the state from the given options: [A]Kerala [B]Rajasthan [C]Gujarat [D]Uttarakhand Ans...

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GA QUIZ

[1]. Mamnoon Hussain is the current (June 2014) president of __? [A]Pakistan [B]Bangladesh [C]Malaysia [D]Iraq Ans - Pakistan  [2]. Recently, India has replaced which one of the following countries to become the second largest exporter of textiles in the world? [A]Italy [B]Bangladesh [C]Indonesia [D]Malaysia Ans - Italy [3]. “Gariphema” which has been declared the India’s first ‘tobacco-free village” is located in which state? [A]Assam [B]Arunachal Pradesh [C]Nagaland [D]Tripura Ans - Nagaland [4]. Which among the following treaty is a...

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