JANUARY + 15 - studyiq.com · State Bank of India (SBI) has decided to completely waive oﬀ...

JANUARY + 15th FEBRUARY - Banking and Financial Awareness

1 new video daily high level quant + reasoning questions special focus on Computer awareness +

Banking awareness

SBI PO/CLERK 2017

Call 95-8004-8004

Copyright@Study-IQeduca5on,Allrightsreserved


Securi5esandExchangeBoardofIndia(Sebi)relaxeditsrulesforinvestmentbyangelfunds

Lock-inrequirement=threeyearstooneyearMinimuminvestmentthreshold=Rs50lakhtoRs25lakh

UPPERlimitfornumberofangelinvestorsinaschemeincreased

from49to200AmendmentstoSebi(Alterna5veInvestmentFunds)Regula5ons,

2012

Angelfundswillbeallowedtoinvestinstart-upsincorporatedwithinfiveyears,whichwasearlierthreeyears

Alterna5veInvestmentPolicyAdvisoryCommiUee(AIPAC)-

chairmanshipofN.R.NarayanaMurthy.

TheReserveBankofIndia(RBI)hasagreedtoprovideRs1billioninRs100denomina5onnotestoNepal

RastraBank(NRB)toeasetheacuteshortageofRs100notesfacedbyNepal

HundredsofthousandsofNepalese,whoearnalivingbyworkingasdaily-wagelabourersinIndia,visitIndiaseekingmedicaltreatmentorrelyonIndianmarketstopurchasedailyessen5als,weresaidtobeholding

bigchunkofscrappedIndianbanknotes.


State-runUCOBankhaslaunchedits‘UCO Suvidha PrepaidCard’.

R.K. Takkar,MD&CEO,UCOBank

alterna?vetocash,canbeusedforcash

withdrawals,purchaseatPointsofSale(POS)or,overtheInternet.


IRA-IntelligentRobo5cAssistantHDFCBanklaunchedthefirst‘humanoid’inthe

domes5cbankingspaceCityUnionBanklastyearintroducedrobot‘Lakshmi’Automa?onthreatens69percentofthejobsinIndia,

while77percentinChina,accordingtoaWorldBankresearch


MoneyTap,aBangalore-basedfintechstartup,haslaunchedIndia’sfirstapp-basedcreditline,

havingZeroPaperTMtechnology,whichenables100%paperlessprocessingofits

customerapplica5ons.

IndiaPostPaymentsBank(IPPB)launchedRaipurandRanchi-firsttwobranches

Plan–650branches

Paymentsbanksacceptlimiteddepositsandofferpayment

servicesbutdonotofferloans,unlikecommercialbanks.

“Paymentsbanksmightposeachallengetotradi5onalbanksforsmallamountdepositsduetoloweroverheadcost,”finance

ministerArunJaitleysaidattheIPPBlaunch.“Morethan155,000postofficesofIndiaPostwillnowstartopera5ngaspayment

banksandprovetobegamechangerforfinancialinclusioninthecountry.”

A.P.Singh,interimmanagingdirectorandchiefexecu5veofficerofIPPB

3typesofaccounts-Safal-theregularaccount

Sugam-abasicsavingsbankdepositaccountSaral-BSBDA-Small

Nominimumbalancerequirements.

BothSafalandSugamneedKYC(knowyourcustomer)andminimumageof10years,butSaralcanbeopenedbyanyoneabovetheageof10years

withoutKYCInterestrateshavebeenfixed

4.5%ifthequarterlyaveragebalanceisuptoRs25,0005%ifitisbetweenRs25,000andRs50,000

and5.5%ifaboveRs50,000.

Therearenochargesoncashwithdrawals,unlikeAirtelPaymentsBank.

StateBankofIndia(SBI)hasdecidedtocompletelywaiveoffMerchantDiscountRate(MDR)chargesondebitcardtransac5onsforallsmallmerchantshavinganannualturnoverof

uptoRs20lakh

Itisachargetoamerchantbyabankforaccep5ngpaymentfromtheircustomersin

creditanddebitcardsevery5meacardisusedforpayments(likeswiping)intheirstores.The

merchantdiscountrateisexpressedinpercentageofthetransac5onamount.

MDRPolicybytheRBI

Forthe5mebeing,theobjec5veoftheRBIistoencouragemaximumcashlesstransac5on.

Aimingthisobjec5ve,theRBIhasbroughtapolicyof

sejngupperlimitforMDRbybanks.Here,theReserveBankhadra5onalizedtheMerchantDiscountRate

(MDR)fordebitcardswitheffectfromSeptember2012.

Sincethen,theMDRfordebitcardtransac5onhasbeencappedat0.75%fortransac5onvaluesuptoRs.2000andat1%fortransac5onvaluesaboveRs.2000.

AxisBankbecamethethirdlenderinthecountrytoannounceusageofblockchainsolu5onsforits

opera5ons,ameritspeersICICIBankandYesBank.TheShikhaSharma-ledbank,thethirdlargestprivatesectorlender,willbeusingtheupcomingtechnologyforcross-

borderremiUances,itsaidinastatement.

ICICIBank–1YesBank-1

AxisBankhas5edupwithfintechfirmRippletooffer

thesolu5on.


TheWorldBankdeceleratedIndia's

growthfor2016-17fiscalto7percentfrompreviouses5mateof7.6

7.6percentinFiscalYear(FY)2018

7.8percentinFY2019-20


TheBureauofIndianStandards(BIS)hasrevisedtheIndianStandardongold

hallmarking,effec5vefromJanuary1,2017

Now,thehallmarkedgoldjewellerywillbeavailableinthreegradesof

14carat18carat22carat


HDFCERGOGeneralInsuranceCompanyhaslaunchedanewpolicy

—Trade Credit Insurance Policy

— whichsafeguardsbusinessesagainsttherisksofnon-paymentforthegoodsorservices

deliveredtothebuyers.


HQ–NewYork,USACi5BankLaunchesVoiceBiometrics

Authen5ca5onforAsiaPacificConsumerBankingCustomers

Firstbanktorolloutvoicebiometricsauthen5ca5onacrosstheAsiaPacificregion


NITIAayoghases5matedagrowthrateof8%for2016-17

Thereviewdoesnottakeintoaccountthe

impactofdemone5sa5on.

The12thPlanisthelastfive-yearPlanandfrom2017-18,theCentrewouldadoptathree-yearac5onplanandafimeen-yearvisiondocument.(TheAayoghassaidinitsreviewofthe12th

Five-YearPlan)


Airtel'sPaymentsBanklaunchedanini5alinvestmentofRs3000crorestodevelopapanIndiabankingnetwork

DigitalBanking:QuickandpaperlessaccountopeningusingAadhaarbasede-KYC.Thisrequiresnodocumentsatall,onlythecustomer’s

Aadhaarnumberisneeded.Thecustomer’smobilenumberwillbehis/herbankaccountnumber.

Interestrateof7.25%p.a.ondepositsinsavingsaccounts.OneminuteofAirtelmobiletalkMmeforeveryRupeedepositedat

theMmeofopeningasavingsaccount.MoneytransfertoanybankaccountinIndia(Freemoneytransfer

fromAirtel-to-AirtelnumberswithinAirtelPaymentsBank).FreePersonalAccidentalInsuranceofRs.1LacwitheverySavings

Account.EasydepositandwithdrawalfacilityacrossawidenetworkofAirtel

retailoutlets.

StateGeneralReserveFundofOman(SGRF),aSovereignWealthFundandtheStateBankofIndiawillinfuse$150millionand$50millionrespec?velyinprivateequityfundOman India Joint Investment

Fund (OIJIF)

Fundfocusedoninves5nginthemid-

marketsegmentinIndia


Securi5esmarketregulatorSEBIreducedtheturnoverfeesleviedonstockbrokersby25percenttoRs.15percroreofturnoverfromthe

currentRs.20percroreofturnover.

Thiswillresultinreduc?onofoverallcostoftransac?onsandwillbenefittheinvestorsandpromotethedevelopmentofsecuri?esmarket”

Ajay TYAGI – 9TH SEBI CHAIRMAN - UK SINHA RETIRING) Copyright@Study-IQeduca5on,Allrightsreserved

Na5onalPaymentsCorpora5onofIndia(NPCI),theumbrellaorganisa5onforallretailpaymentsystemsinthecountryhasdeclaredRs.54.90croreworthof

prizemoneytoover3.42lakhwinnersofNITIAayog’sLuckyDrawSchemesforconsumersandmerchants.

Thetwoschemesare-LuckyGrahakYojna(LGY)andDigi-DhanVyaparYojna

(DVY).TheschemeshavetotaloutlayofRs340croreofwhich-Rs.300croreswouldbe

spentonconsumersandmerchantswhiletheremainingRs.40croreonawarenessandpublicity.

Theschemesareaimedatincen5visingbothconsumersandmerchantsto

promotedigitalpayments.Thereare15,000dailywinnersqualifyingfortotalprizemoneyofRs1.5crore.

Inaddi5ontothisthereareover14,000weeklywinnersqualifyingfortotalprizemoneyofoverRs.8.3croreeveryweek.

RuPayCard,BHIM/UPI(BharatInterfaceforMoney/UnifiedPaymentsInterface),USSDbased*99#serviceandAadhaarEnabledPaymentService

(AePS)

BSNLlaunches“SancharAadhar”forAadharbasedeKYCanddigital

customerengagement

BSNLhaslauncheditspres?giousCustomerAcquisi?onandCustomer

Communica?onManagement(CACMS)


MYSURUPRINTINGPRESSBREAKSRECORDBYPRINTINGHIGHESTNO.OF

NOTES

TheRBINoteMudranprin5ngpressinMysuruhasbrokenallitspastrecordbyprin?nghighestnumberofcurrencynotesinDecember.

10.9millionnoteswereprintedonasingleday,whichhesaidbreaksthepreviousworldrecordof8.7millionnotesprintedinanAmericancurrency

prin?ngpress.

Prin?ngwastageinAmericais4percentwhereasinMysurupressithasbeenreducedtotwopercent.

Thecostpercurrencyprin?nginAmericaisfourrupees,whereasinMysuru

Pressitisjust3rupeesand40paise,headded.


US$48-‘NagalandHealthProject’-WorldBank

TheclosingdateofNagalandhealth

Projectis31stMarch,2023


FutureGroup'sfashionandlifestyledepartmentalstoreCentralandSBICardtodaylaunchedaco-brandedcreditcard

FutureGroupCEOKishoreBiyani


TheInsuranceRegulatoryandDevelopmentAuthorityofIndia(IRDAI)hascons5tutedacommiUeetoreviewlifeinsuranceproduct

regula5ons.

AmitabhChaudhry,ChiefExecu5veofficer,HDFCStandardLifeInsuranceCompany,hasbeenappointedaschairmanoftheeight-

memberpanel.


India’srichest1percentnowholdahuge58percentof

thecountry’stotalwealth—OxfamStudy

Just57billionairesinIndianowhavesamewealth(USD216billion)asthatoftheboUom70percentpopula5on

ofthecountry.

Thestudysaidthereare84billionairesinIndia,withacollec5vewealthofUSD248billion,ledbyMukeshAmbani(USD19.3billion),DilipShanghvi(USD16.7billion)andAzimPremji(USD15billion).ThetotalIndianwealthinthecountry

stoodatUSD3.1trillion.

ThetotalglobalwealthintheyearwasUSD255.7trillion,ofwhichaboutUSD6.5trillionwasheldbybillionaires,ledbyBillGates(USD75billion),Amancio

Ortega(USD67billion)andWarrenBuffeU(USD60.8billion).

IMFCHIEF–CRISTINELA-GARDE

Interna5onalMonetaryFund(IMF)loweredIndia’sgrowthforecastfortheyearbyafullpercentage

pointto6.6%

IMFsaiditseesworldgrowthof3.4%thisyearand3.6%in2018.Thefirstisunchangedfromthe

Octoberes5mate.

IMFalsoexpectsIndia’sgrowthtopickupataslowerpacein2017-18,at7.2%,againstitsearlieres5mate

of7.6%.

YesBanklaunched‘YesFintech’,abusinessacceleratorprogramin

collabora5onwithT-Hubastartupincubatorsetupbythe

TelanganagovernmentandAnthill–aspeedscalingplayormforearly

growthstagestart-ups.


HerearethelatestRBIrulesgoverningcashwithdrawalanddepositsfromATMsandbankaccountsasof16

February:

-From 20 February, the weekly cash withdrawal limit on savings accounts at banks’ branches will

be raised to Rs 50,000 from the current Rs 24,000 per savings account.

-From 13 March, there won’t be any limit on cash withdrawal from savings bank accounts.

-All cash withdrawal limits from ATMs have been removed.

-All limits on cash withdrawal vis-à-vis current accounts has been removed.


Theincometaxdepartmenthasaskedbankstoreportdepositsinanyaccountaggrega5ngRs10lakhinayear,aswellascashpaymentsofRs1lakhormoreon

creditcardbills.

-Thegovernment’sSpecifiedBankNotesCessa5onofLiabili5esOrdinancehasmadeholdingofmorethan10junkedRs500andRs1,000currencynotesapenaloffence

punishablewithaminimumRs10,000fine

-  TheRBIhaskeptlimitsonprepaidpaymentsservicesprovidersore-walletstoloaduptoRs20,000,insteadofRs10,000before.Themerchantscantransferfundsfromsuch

paymentprotec5oninsurances,orPPIs,totheirownlinkedbankaccountsuptoRs50,000permonth,withoutanylimitpertransac5on.

-TradersregisteredwiththeagriculturalproducemarketcommiUee,orAPMC,and

mandiscanwithdrawuptoRs50,000aweekfromtheircurrentaccounts.

-Addi5onal60-daygraceperiodforfarmerstorepaytheircroploansandavail3%interestsubven5on.FarmersareallowedtowithdrawuptoRs25,000aweekfromtheirloanor

depositaccounts.

Karang,asmalllakeislandinManipur,hasbecomethecountry’sfirstcashlessisland.

TheKarangislandislocatedinthemiddleof

Loktak,thelargestfreshwaterlakeinNortheastIndia.


Thirtymorecountrieshaveappliedforjoiningthe

China-sponsoredAsiaInfrastructureInvestmentBank

The AIIB was officially established late last year with 57 founding members and with authorised capital of $100

billion.

China is the largest shareholder with 26.6% voting shares. India is the second largest shareholder with 7.5%

followed by Russia 5.93% and Germany with 4.5%.


Indiaisprojectedtogrowby7.7percentinfiscal2017=UnitedNa5ons

7.6percentin2018


PunjabNa5onalBank(PNB)signedMoUmemorandumofunderstandingwithIPPB,itwillprovidetechnologyplayormforpilotlaunchofIndiaPostPaymentsBank(IPPB).

IPPBwillbeheadquarteredinNewDelhi


TheReserveBankofIndia(RBI)imposedapenaltyofRs75CroreonBombayMercan5leCo-opera5veBankforviola5onsofnormsrelatedtoKYCandan5-moneylaundering.


TheUnionCabinetchairedbythePrimeMinisterShriNarendraModihasgivenitsapprovaltoexcludeStateGovernmentsStates/UTs(withLegislature)except

ArunachalPradesh,Delhi,KeralaandMadhyaPradeshfromNa5onalSmallSavingsFund(NSSF)investments

from01.04.2016.Italsoapprovedprovidingaone-5meloanofRs.45,000crorefromNSSFtoFoodCorpora5onofIndia(FCI)tomeetitsfoodsubsidyrequirements.

ArunachalPradesh,Delhi,KeralaandMadhyaPradesh

willcon5nueavailingofNSSFloans


TheFourteenthFinanceCommission(FFC)(YVREDDY)recommendedthatStateGovernmentsbeexcludedfromtheinvestmentopera5onsoftheNSSF.TheNSSFloanscomeatanextracosttotheStateGovernmentasthe

marketratesareconsiderablylower.

NSSFshallextendapartofitscollec5onsto(FCI)tomeetitsfoodsubsidyrequirement.ThiswillhelptheFCIreduceitsinterestcost.FCIpresentlytakesworkingcapitalloans

throughCashCreditLimit(CCL)ataninterestrateof10.01%andShortTermLoan(STL)ataweightedaverageinterestrateof9.40%,whereastheNSSFcurrentlycharges8.8%p.ainterestonitsloans.Thissavingsoninterestrate

outgowillreducethefoodsubsidyburdenoftheGovernmentofIndia.

KeralaGraminBank-FI@School

Undertheproject,everybranchofthebankhasto

iden5fyandenterintoavirtual5eupwithaschoolinitslocalitypreferablyanupperprimaryschooltoorganisevariousprogrammessuchasforma5onoffinancialliteracyclubs,accountopeningcampsatschools,juniordebitcarddistribu5on,financialliteracyrelatedclasses,distribu5onoffinancial

literacybooklets,compe55ononfinancialliteracyetc.

K.V.Shaji,Chairman,KeralaGraminBankCopyright@Study-IQeduca5on,Allrightsreserved

CentreandstateshavedecidedtoTONEDOWNthepenalprovisionstoensureatradergetsimmediatebailiftheallegedtaxevasionisuptoRs2crore.

TheGSTCouncil,atitslastmee5ng,hasdecidedthattheprovisionofarrestwillberestrictedtoforgeryandnon-depositofcollectedtaxeswiththeexchequerwithinthes5pulated5meframe.

UndertheIPC1860,forgeryandchea5ngarenon-bailableoffence,whichmeansthatbailcanonlybe

grantedbyacourt.


Governmentbarredcoopera5vebanksfromaccep5ng

depositsunderPradhanMantriGaribKalyanYojanascheme.Underthisschemethosewhoisdeclaringhastodeposit25%of

thedeclaredundisclosedincomeinanauthorisedbankasno5fiesbythegovernment.

IncomeTaxdepartmentobservedthatthebankswere

suspectedinconver5ngblackmoneyintowhite"Applica5onforthedepositintheformofBondsLedger

Accountshallbereceivedbyanybankingcompany,otherthanCo-opera5veBanks,towhichtheBankingRegula5onAct,1949

appliesUnderPMGKYschemethetaxpayersaresupposedtodeposit25%ofthedeclaredamountasinterestfreedepositsfor4

years.Copyright@Study-IQeduca5on,Allrightsreserved

DairyfirmKwalityLtdhassignedanagreementwithBankofBarodaforprovidingRs4,000croreloanstotheformer'sonelakhfarmersfromwhom

thecompanyprocuresmilk.

Thecompanyhasanetworkofabout3.25lakhacrossabout4,500villagesinUUarPradesh,HaryanaandRajasthanwhichareamongstthe

largestmilkproducingstatesofIndia.

Theschemeisaimedatprovidingfinancialassistancetoimprovesocio-economiclivesoffarmersandsteerthemtowardsdigi5sa5on.


PunjabNa5onalBank(PNB)haslauncheda

ContactlessCreditCard.

ThenewcreditcardhasbeennamedPNBWaveNPay

ThereisnoneedtoenteranyPINfor

transac5onsuptoRs2,000.

VisaPla5numplayorm


Varanasi-basedUtkarshMicroFinancehasstartedopera?ngitsbankingbusinessasUtkarshSmallFinanceBank.UK’sCommonwealthDevelopmentCorpora?on(CDC)hasinfusedRs.150croreinthe?erIIcapitalinthe

company.(MainlyinNorth)

SuryodayaMicroFinance-Alsostarted–OperatesmostlyinMaharashtra

UjjvansmallfinanceBankandCapitalLocalAreaBank

limited-Jalandhar(CapitalSmallFinanceBank)–SarvajitSinghSamra

EquitasSmallFinanceBank


Toeducateawarenessonbankingcodesatgrassrootlevel,TheBankingCodesandStandardsBoardofIndia(BCSBI)willorganise“knowyourrights”

programmeinallthestates.

AnandAras,CEO,BCSBI

WiththeopeningupofinnumerableJan-Dhanaccountsandincreasedusageofformalandtransparentmodesoffinancialtransac?ons


ThegovernmentonTuesdayallowedtheNa5onalBankforAgricultureandRuralDevelopmenttoraise₹20,000croreforshort-termcroploanstofarmersat

lowerrates.

Thefundswillbeusedforon-lendingtocoopera5vebanksataninterestof4.5percent.

Nabardwillalsocoordinatetheconversionofopera5veKisanCreditCardsintoRuPayorATM-

enabledcardsbycoopera5vebanksandregionalruralbanks.


Francehasissueditsfirst"greenbonds"witharecordsevenbillioneuro($7.5billion)sale,pavingthewayfortheestablishmentofagenuinemarketinrenewable

energybonds.

Proceedsfromthe22-yearbondswillbeusedtofinanceprojectstoaddressclimatechange.

Polandwasthefirstcountrytoenterthegreen

bondmarketCopyright@Study-IQeduca5on,Allrightsreserved

ReserveBankprohibitedIndianen55esfrommakingdirectinvestmentsinanyen5tylocatedin'nonco-

opera5vecountriesandterritories',asiden5fiedbytheinter-governmentalbodyFATF.

Atpresent,thereisnorestric5ononanIndianen5tywithregardtothecountrieswhereitcanundertake

OverseasDirectInvestment.FATFwasestablishedin1989.Itsobjec5vesaretosetstandardsandpromoteeffec5veimplementa5onof

legal,regulatoryandopera5onalmeasuresforcomba5ngmoneylaundering,terroristfinancingand

otherrelatedthreatstotheintegrityoftheinterna5onalfinancialsystem.


StateBankofIndia(SBI)haslaunched‘SBIExclusif,’itswealthmanagementoffering,in

Kochi.

SBIExclusifistargetedatthefast-growingaffluentsegmentandwaslaunchedin

BengaluruandDelhilastyear.Copyright@Study-IQeduca5on,Allrightsreserved

KarnatakaBankLtdhassignedamemorandumofunderstanding(MoU)withtheRajkot-basedTirth

AgroTechnologyPvtLtd(manufacturerofagriculturalequipmentandimplements)for

financingagriculturalmechanisa?on.

PJayaramaBhat,MD,CEO

TirthAgroTechnologyPvtLtdmanufacturesagriculturalimplementsunderthebrandname

‘Shak?man’


CASHe,loangivingappforyoungsalariedprofessionals,haspartneredwithPaytmtodepositcashtransfersfromCASHetotheir

Paytmwallets.

AeriesFinancialTechnologiesPvt.Ltd.,V.RamanKumar,Chairman


FutureGeneraliIndiaInsuranceCompanyLtd(FGIL)hasenteredintoacorporateagency?e-upforitsproductswithBankofMaharashtra

(BOM),apublicsectorbank.

RavindraPrabhakarMarathe,ManagingDirector&ChiefExecu?veOfficer,Bankof

MaharashtraK.G.KrishnamoorthyRao,MD&CEO,Future

GeneraliIndiaInsurance


LakshmiVilasBank(LVB)has5edupwithFisdom,afin-techstartuptolaunchafinancialplanning

playormcalledMissionFINFITforpersonalwealthmanagementservices

Mr.ParthasarathiMukherjee,MD&CEO,Lakshmi

VilasBank


Federa5onofIndianChambersofCommerceandIndustry(FICCI)–

Indianeconomywillgrow6.8percentforthe

year2016-17

0.5percentagepointslowerthanthees5mateof7.3percentputacrossinthelastround.


India'slargestLNGimporterPetronethassignedanagreementtosetupa$950millionliquefiednaturalgasimport

projectinBangladesh

PetronetsignedaMoUwithwithPetrobangla


Amazonhasbeenawardedapatentforagiantflyingwarehousethatactsasalaunchpadfor

dronestodeliveritemswithinminutes.

“Airbornefulfillmentcenter"(AFC)

adroneorunmannedaerialvehicles(UAV)willflydownanddeliverthepackage.


SolarpowerproducerAzurePoweris

commissioning150MWsolarpowerprojectinPunjab

AzurePowerhadsignedasolarpower

implementa5onagreementwithPunjabEnergyDevelopmentAgency(PEDA)


Googlehascreatedtwoini5a5ves—MyBusinessandDigital

Unlocked—whichhavebeenintroducedinIndiafirst.

forthesmallandmediumbusinessesinIndia

GoogleCEOSundarPichai

GoogleMyBusinesswouldhelpsmallbusinessessetupwebsitefromtheirmobiledevices.Alltheyneedisa

smartphone

ThetechgiantalsolaunchedDigitalUnlocked,aneduca5onprogrammeinassocia5onwithindustrybodyFICCIandIndianSchoolofBusiness.Theprogrammewillimpartmobileandonlinecoursestohelpsmallbusinesses.


Governmentimposedan5-dumpingdutyrangingfromUSD6.30toUSD

351.72pertonneonimportsofjuteanditsproductsfromBangladeshandNepal

toprotectdomes5cindustry

DirectorateGeneralofAn5-DumpingandAlliedDu5es(DGAD)


VedantaGroupfirmHindustanZincLtd(HZL)hasgotenvironmentclearanceforitsRs

1,200croreZawarMinesexpansionprojectinRajasthan.

Saradadistrict

AnilAgrawal–Chairman,Vedanta


Centrebannedimportofrep5leskinandhides

adop5ng"crueltyfree"alterna5vestoreducesufferingtoanimals.

TheDirectorateGeneralofForeignTrade(DGFT)


TataMotorsandCastrolsigned

three-yearstrategicpartnershipagreementforsupplyofCommercialVehicleOilstoTata

Motorsglobally

GuenterButschek–CEOandManagingDirector,TataMotorsLimited,


GlobalbusinessprocessmanagementcompanyGenpactandCiscoonMondayunveiledthe"GlobalCentreofExcellence"

inJaipuraspartofCiscosLighthouseCityproject,aglobalini?a?vedesignedto

deploynext-genera?ontechnologiestoimpactci?zensandsociety.


Lumhansahasbecomethefirstcarriertolaunchcommercialopera5onswithAirbus

A350toIndia

Withthisflight,IndiawillbecomethefirstcountryinLumhansa’snetworktoreceivecommercialopera5onsbyAirbusA350.


TheWorldBankhassanc?onedRs1,376croreforcompleteTripuraPower

upgrada?onandimprovementofthepowersystemnetworkinthestate


TheTopTenlistof2016U.S.patentrecipients

IBM–8,088

SamsungElectronics–5,518Canon–3,665

Qualcomm–2,897Google–2,835Intel–2,784

LGElectronics–2,428Microsom–2,398

TaiwanSemiconductorManufacturingCo.–2,288Sony–2,181


Atos,aninterna5onalleaderindigitalservices,andNASSCOMFounda5ontodayjointlyannouncedthelaunchofNa5onalDigitalLiteracyMission(NDLM)centersdedicatedtotrainingandimpar5ngdigitalliteracyatVadodaraGujarat.andsearch

theinternetforinforma5onamongotherthings.

DigitalSakshartaAbhiyan(DISHA)oralsoknownasNDLMScheme.


MahindraAssetManagementlaunchesMahindraMutualFundDhanSanchayYojna

scheme


‘FlyForSure’schemeLaunchedbyAirIndiaSpiceJet

HehyLast-Minuteairfares


State-runNTPChassignedanon-bindingagreementwithRajasthanRajyaVidyut

UtpadanNigamLtdandRajasthanUrjaVikasNigamLtdfortakeoverofChhabraThermal

PowerPlant.


IndianairlineSpiceJethasagreedtobuyupto205newplanesfromBoeing-poten5ally

worth$22bn

SpiceJet'schairmanAjaySingh


BHELcommissions500MWthermalunitinWestBengal

tobecommissionedatsagardighithermalpowersta5on(TPS)phaseIIprojectinMurshidabaddistrictofWestBengal


TheCompe55onCommissionofIndia(CCI)hasimposedpenal?esaggrega?ngtoalmostRs207croreonseven

majorcementcompaniesforriggingofbidsandcartelisa?ontogettendersinHaryanagovernment

orders.

ShreeCement,UltraTechCement,JaiprakashAssociates,JKCement,AmbujaCements,ACCandJK

LakshmiCementCopyright@Study-IQeduca5on,Allrightsreserved

ElectroniccommercecompanyFlipkartcon?nuestoretainitsapexposi?onasIndia'smosttrustede-commercebrand,inana?onwideconsumerstudy?tledthe'TheIndianE-tailingLeadershipIndex',conductedbyresearchfirmRedSeerConsul?ng.

Flipkart,forthefourth?meinarow


FreeChargelaunchedMutualFundsonitsplajorminpartnershipwithRelianceMutual

Fund

CompletelypaperlessInvestmentsfromRs100onwards

InstantRedemp?onZerotransac?on,Zeroredemp?oncharges

OnlineKYC


Top5Mostinnova5veCompany

1Apple2

Google3

TeslaMotors4

Microsoh5

Amazon

Accordingtotheannual50MostInnova5veCompaniessurveyreportpublishedbythe

managementconsul?ngfirmBCG(BostonConsul5ngGroup),

UK-headquarteredVodafoneIndiasignedanMoUwiththeWestBengalgovernmentto

investRs3,000croreforcapacityaugmenta5onandnewbusinessini5a5vesovernextthree

years.

BengalGlobalBusinessSummit2017


NewUniversalRailMillWorthRs.1200croreInauguratedinBhilaiSteelPlantOF(SAIL)

SteelMinisterChaudharyBirenderSingh


TelanganabasedIndia’slargestincubatorforstart-ups,T-Hubhaslauncheda‘GISInnova5onHub’(GIH)incollabora?onwithEsriIndiafor

thestart-ups

EsriIndiaiscountry’sleadingGeographicInforma5onSystem(GIS)sohwareand

solu?ons


BoeingCorpora?onlaunchedthe“BoeingIndiaEngineering&TechnologyCenter”(BIETC)inBengaluruinabidtoenhanceits

aerospaceinnova?on


MakeMyTriphaslaunchedthefirsteversocialluxurytravel

magazinecalled'LuxuryTravelTimes’


NokiaIndianopera?onhasbaggedacontractworth$500million(Rs3,650crore)from

Vodafonefordeploymentandexpansionof4G

networkinthecountry


HindustanPetroleumCorpLtd(HPCL)andGAIL

IndiaLtdsignedapactwithAndhra

PradeshforsemngupaRs40,000crorepetrochemicalplant


India’s largest startup incubator to be built at

Hubballi

Gururaj Deshpande

Sandbox


RelianceDefenceSignsContractwithMinistryofDefencetoConstruct14Fastpatrol

VesselsforIndianCoastGuard

ContractworthRs.916crore

RDEListhefirstprivatesectorshipyardwhichhasbeenawardedacontractofdesigningandbuildingsuchshipsforIndianArmedForces.


KSEZ,SubsidiaryofGMRgroupSignsMoUsWithFirmstoSetUpManufacturingUnitsatKakinada

SEZ

TheMoUaimedatsemngupWorldClassmanufacturingunitsattheKakinadaSEZinAndhra

Pradeshspreadover8,500acresatacostofRs.

47000crore.


UberMOTOlaunchesserviceinHyderabad

Americanworldwideonlinetransporta?onnetworkcompanyUberhaslaunchedtwo-

wheeleraggrega?onserviceUberMOTObyUber

FounderandCEOTravisKalanick


AcommiUee-oninforma5ontechnologyexamina5onandcybersecurityheadedby

MeenaHemachandra

TheReserveBankofIndia(RBI)hasdecidedtosetupseparateEnforcementDepartmenttoeffec5velymonitorbanksincasetheyviolate

regula5onsandspeedupregulatorycompliance.

Thedepartmentwillbeopera5onalfromApril1,2017i.e.thenextfinancialyear(2017-18).

TheMonetaryPolicy

AllsixmembersoftheMPCvotedinfavourofholdingrates.

GDPgrowthincurrentfiscal-6.9%.GDPgrowthto7.4%in2017-18.

PolicyRatesReporateundertheliquidityadjustmentfacility(LAF):Unchangedat6.25percent.ReversereporateundertheLAF:Unchangedat5.75percent.Marginalstandingfacility(MSF):Unchangedat6.75percent.BankRate:Unchangedat6.75percent.ReserveRa5osCashReserveRa5o(CRR)ofscheduledbanks:Unchangedat4.0percentofnetdemandand5meliability(NDTL).StatutoryLiquidityRa5o(SLR):

Unchanged20.75percent.

PrimeMinisterNarendraModiinauguratedIndia’sfirstinterna?onalexchangeIndiaINXattheInterna?onalFinancialServiceCentre(IFSC)ofGIFT(GujaratInterna?onalFinancialTech)

CityGandhinagar,Gujarat.

IndiaINXisawholly-ownedsubsidiaryoftheBombayStockExchange(BSE).

1 new video daily high level quant + reasoning questions special focus on Computer awareness +

Banking awareness

SBI PO/CLERK 2017

Call 95-8004-8004


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