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(Online Test Result) SIDBI: Recruitment of Assistant Managers Grade - A "Online test Held in September 2014"

Small Industries Development Bank Of India (SIDBI)

(Result) Recruitment of Assistant Managers Grade - A "Online test Held in September 2014"

Interviews will commence from 08-10-2014. Candidates shortlisted are being advised by way of SMS and e-mail seperately. Candidates are advised to visit Bank's website www.sidbi.com to download Call-Letter for Interview from 01-10-2014 onwards

Download IBPS PO (CWE-PO/ MT-IV) Online Exam Call Letter - 2014

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Institute of Banking Personnel Selection

Common Written Examination (CWE)
Recruitment in POs/MTs (CWE-PO/ MT-IV)

Download IBPS PO (CWE-PO/ MT-IV) Online Exam Call Letter - 2014

Exam Name: IBPS PO (CWE-PO/ MT-IV)

Year: 2014

(Download) General Awareness Magazine (Vol. 6 August - 2014)


General Awareness Magazine for IBPS, Bank Exams


Issue : VOL. - 06 (August 2014)

File Type: PDF ONLY "NO HARD COPY"

Contents:

  • National

  • International

  • Economy

  • India And The World

  • Sports

  • In The News

  • Science and Technology

(News) Reserve Bank to pick talent via UPSC-like test


Reserve Bank to pick talent via UPSC-like test


The Reserve Bank of India will adopt a common recruitment system from next year to tap talent for its core functions. The larger objective is to strengthen itself in the changing economic scenario.

“Starting from 2015, there shall be common recruitment for all core functions of the bank,” the RBI said in an internal report on HR initiatives.

At present, it recruits officers and support staff for core and non-core functions through different examinations, such as the Grade ‘B’ officers level exam. The RBI now has about 17,000 employees.

(Notification) Specialist Cadre Officers Recruitment At State Bank of India - 2014

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ADVERTISEMENT NO. CRPD/SCO/2014-15/03

Specialist Cadre Officers Recruitment At State Bank of India (Last Date 25-09-2014)

State Bank of India invites on-line applications from Indian citizens for appointment in following Specialist Cadre Officers posts in State Bank Group. Candidates are requested to apply on-line through Bank’s website www.statebankofindia.com or www.sbi.co.in.

Job Descriptions

Sr.
No
Post &
Post Code
Grade Bank Vacancies
(General)
Age Limit Educational Qualification as on 01.09.2014   Experience as on 01.11.2014 SCALE OF PAY (Rs.)
1. Chief Manager
(Economist)
Post Code :
CMEC
SMGS - IV SBI 01 30 Years Post Graduate Degree in Economics.

OTHER REQUIREMENTS
Candidates should have excellent  communication and writing skills.
Candidates having hands on experience in econometric packages like STATA, SAS and EVIEWS will be given preference. 
Minimum 5 years experience as an Economist or Analyst with Financial Institutions/ Banks/ Industry Chambers / Rating Agencies.

Preference will be given to candidates having background in analytics, industry research and macroeconomic forecasting & analysis.

Experience with an industry chamber and  analytics firm will be an added advantage.
30600-900/4-34200-1000/2-36200
2. Manager (Economist)

Post Code :
MGEC
MMGS III SBI 01 27 Years Post Graduate Degree in Economics.

OTHER REQUIREMENTS
Candidates should have excellent  communication and writing skills.
Candidates having hands on experience in econometric packages like STATA, SAS and EVIEWS will be given preference. 
Minimum 5 years experience as an Economist or Analyst with Financial Institutions/ Banks/ Industry Chambers / Rating Agencies.

Preference will be given to candidates having background in analytics, industry research and macroeconomic forecasting & analysis.

Experience with an investment banking division preferably of a rating agency will be an added advantage.
25700-800/5-29700-900/2-31500
3. Deputy Manager (Economist)

Post Code :
DMEC
MMGS II SBI 01 25 Years Post Graduate Degree in Economics.

OTHER REQUIREMENTS
Candidates should have excellent  communication and writing skills.
Candidates having hands on experience in econometric packages like STATA, SAS and EVIEWS will be given preference. 
Preference will be given to candidates having background in analytics, industry research and macroeconomic forecasting & analysis.

Experience with an investment banking division preferably of a rating agency will be an added advantage.
19400-700/1-20100-800/10-28100
4. Assistant  General Manager (Risk Analyst)

Post Code : AGRA
SMGS V SBI 01 40 Years Post Graduate Degree in Statistics OR  MBA/ MMS/PGDBA/PGPM/PGDBM  (The course should be of 2 years full time duration. Courses completed through  correspondence/part-time are not eligible
The institute should be recognized/ approved
by Govt., Govt. bodies/AICTE)

OTHER REQUIREMENTS
Candidates having hands on experience in
econometric packages like STATA/ SAS will be
given preference
Minimum 10 years post qualification experience with Financial Institutions / Banks/ Industry Chambers/ Rating Agencies / Analytics  Companies preferably in Analytics roles. 36200-1000/2-38200-1100/2-40400
5. Chief Manager
(Risk Analyst)

Post Code :  CMRA
SMGS IV SBI 01 35 Years Post Graduate Degree in Statistics OR  MBA/ MMS/PGDBA/PGPM/PGDBM  (The course should be of 2 years full time duration. Courses completed through  correspondence/part-time are not eligible
The institute should be recognized/ approved
by Govt., Govt. bodies/AICTE)

OTHER REQUIREMENTS
Candidates having hands on experience in
econometric packages like STATA/ SAS will be
given preference
Minimum 5 years post qualification experience with Financial Institutions / Banks/ Industry Chambers/ Rating Agencies / Analytics  Companies preferably in Analytics roles. 30600-900/4-34200-1000/2-36200
6. Chief Manager
(Company Secretary)

Post Code :
C M C S
SMGS IV SBT 01 45 Years Graduate with minimum 65% marks and  Associate Membership of Institute of Company Secretaries of India.

Degree in Law (LLB) desirable
3 years POST QUALIFICATION experience in Investor Relations, Secretarial Matters Statutory Compliance as a Company Secretary  preferably in a Public Sector Bank or a reputed listed Public Limited Company 30600-900/4-34200-1000/2-36200
7. Permanent Part Time Medical Officer - I
Post Code :
P P M O
PPMO I SBI 46 35 Years MBBS degree from a  recognised university Minimum 5 years experience as a General Practitioner reckoned as on the date of eligibility from the date of registration with the Medical Council of India (MCI).
Experience gained during internship will not be counted for eligibility
14500-600/7-18700-700/2-20100 ( PPMO)

(e-Admit Card) Online Examination for the Post of Assistants in RBI - 2014

Reserve Bank of India

Call letters for Online Examination for the Post of Assistants in RBI

Exam Name: Assistants

Year: 2014

Organization: RBI

General Awareness & Computer Questions Asked in SIDBI Online Exam (2 SEP 2014)

General Awareness & Computer Questions Asked in SIDBI Online Exam (2 SEP 2014)

1. Who is the first woman director of Reliance group? -Nita Ambani
2. Who was the first Indian governor of RBI? -C D Desmukh
3. Commercial paper use in as an? – It is typically issued by large banks or corporations to cover short-term receivables and meet shortterm financial obligations
4. RRB is a type of? -Rural bank
5. What is the changed limit of FDI in insurance sector? - 49% FROM 26%
6. What is the full form of BBPS? - BHARAT BILL PAYMENT SYSTEM
7. When we write any program in a language we are supposed to be doing? - CODING
8. What is the full form of TCP/IP? - Transmission Control Protocol/Internet Protocol
9. What is the current computer generation? - 5th Generation
10. What is the full form of ESOP? Employee Stock Ownership Plan
11. Who is the author of the book ‘The Accidental Prime minister? Sanjaya Baru
12. The drawee of a cheque is? DRAWEE is the bank which is assigned to pay the PAYEE
13. Who is the watchdog of Indian market? SEBI
14. What is the full form of CRAR? Capital to risk assets ratio
15. What is the Award associated with Indian cinema field? Dada Saheb Phalke award (among options)
16. What is the full form of DICGC? Deposit Insurance and Credit Guarantee Corporation
17. 1 may is foundation day of which state? Maharashtra and Gujarat
18. Dilwara temple is located in which state? Rajasthan
19. What is the full form of REIT? – Real Estate Investment Trust
20. Which firm got recently banking license? – IDFC & Bandhan
21. Who were the founders of World Wide Web? - Robert Cailliau & Tim Berners-Lee
22. Apex board for controlling agriculture and rural development – NABARD
23. Who was the first governor of RBI ?– Sir Osborne Smith
24. Where is the Permanent secretariat of SAARC? – Kathmandu
25. Who is Lalgudi Jayaram ? – Indian Carnatic violinist, vocalist and composer
26. Which company raised $1bn recently in fresh funding? – Flipkart
27. Commercial paper can be issued by company having minimum net worth? not less than Rs. 4 Cr
28. Origin of the concept of Microfinance was in which country? Bangladesh
29. Which can be said as “Buy now, pay now” card? – Debit Card
30. The 21st Common Wealth Games will be held in – Queensland, Australia
31. The CAR is related to? – Risk weighted Assets
32. Asset reconstruction companies related with — Non Performing Assets (NPAs)
33. What is the full form of SFIO? - Serious Fraud Investigation Office
34. What is the full form of MSF? - marginal standing facility
35. What is the full form of MIMD? —Multiple instruction Multiple Data
36. What is the full form of PIN? - Personal Identification Number
37. A question each on Open market operation , mortgage and FCNR bonds
38) IFRS- International Financial Reporting Standards

(Apply Online) Probationary Officers in Associate Banks of State Bank of India

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State Bank of India

RECRUITMENT OF PROBATIONARY OFFICERS IN ASSOCIATE BANKS OF STATE BANK OF INDIA

:: Apply Online ::

(i) PHOTOGRAPH IMAGE :

  • Photograph must be a recent passport size colour picture.
  • The picture should be in colour, against a light-coloured, preferably white, background.
  • Lo

(How To Apply) Probationary Officers in Associate Banks of State Bank of India

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State Bank of India

RECRUITMENT OF PROBATIONARY OFFICERS IN ASSOCIATE BANKS OF STATE BANK OF INDIA

HOW TO APPLY

GUIDELINES FOR FILLING ONLINE APPLICATION:

Candidates will be required to register themselves online first through Bank’s website www.statebankofindia.com or www.sbi.co.in. After which candidates are required to pay the requisite application fee through one of the following modes:

(i) Offline mode : The system will generate a cash voucher/ challan form pre-printed with the candidate’s details which will be required to be presented at any State Bank of India branch counter with the requisite fee. On payment of the requisite fee through computer generated challan form, registration of the online application will be complete.

(ii) Online mode : The payment can be made by using debit card/ credit card/Internet Banking.

(Eligibility) Probationary Officers in Associate Banks of State Bank of India

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State Bank of India

RECRUITMENT OF PROBATIONARY OFFICERS IN ASSOCIATE BANKS OF STATE BANK OF INDIA

ELIGIBILITY CRITERIA : (AS ON 01.09.2014)

(A) Essential Academic Qualifications :

Graduation in any discipline from a recognised University or any equivalent qualification recognised as such by the Central Government.

Candidate having integrated dual degree (IDD) certificate should ensure that the date of passing the IDD is on or before the eligiblity date.

(Selection Procedure) Probationary Officers in Associate Banks of State Bank of India

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State Bank of India

RECRUITMENT OF PROBATIONARY OFFICERS IN ASSOCIATE BANKS OF STATE BANK OF INDIA

SELECTION PROCEDURE :

Phase-I

Examination consisting Objective Tests for 200 marks and Descriptive Test for 50 marks.

The Objective Test will be online. Immediately after the online Objective Test, Descriptive Test will be administered. Questions relating to Descriptive Test will be available on computer (Online) and candidates will have to write the answers on the answer sheet (Offline) provided to them on Paper/Pen mode.

(i) Objective Test: The Objective Test with 2hours duration consists of 4 Sections with 50 marks each (Total 200 marks) as follows:

a) Test of English Language (Grammer, Vocabulary, Comprehension etc.)
b) Test of General Awareness, Marketing & Computers
c) Test of Data Analysis & Interpretation
d) Test of Reasoning (High Level)

(Notification) Recruitment of Probationary Officers in Associate Banks of State Bank of India - 2014-15

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State Bank of India

RECRUITMENT OF PROBATIONARY OFFICERS IN ASSOCIATE BANKS OF STATE BANK OF INDIA

Applications are invited from eligible Indian Citizens for appointment as Probationary Officers (POs) in Associate Banks of State Bank of India. Candidates selected are liable to be posted anywhere in India.

VACANCIES DETAILS:

ANK

VACANCIES

SC    ST OBC*  GEN TOTAL VH  OH
SBBJ  45 71 81 153 350 15 08
SBH  112 157 253 378 900 38 18
SBM  70 69 126 235 500 14 16
SBP 07 56 13 24 100 14 02
SBT 181 180 270 505 1136 15 15
TOTAL 415 533 743 1295 2986 96 59

SBI PO Exam Previous & Sample Papers Download

(Written Result) Recruitment of Probationary Officers (PO) in State Bank of India (Phase - I) Held in June / July 2014

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State Bank of India

Recruitment of Probationary Officers in State Bank of India
Result of the Written test (Phase - I) Held in June / July 2014
Roll Numbers of Candidates Shortlisted for Phase - II

Phase - II (i.e. Group Discussion and Interview) will commence from 08-10-2014. Candidates shortlisted are being advised by way of SMS and e-mail seperately. Candidates are advised to visit Bank's website www.sbi.co.in or www.statebankofindia.com to download Call-Letter for GD-cum-Interview and Bio-Data Form from 15-09-2014 onwards.

Exam Name: SBI PO

Year: 2014

Phase: Written test (Phase - I)

(Download) IBPS RRB Officer Scale - I Previous Year Paper with Answer Key - 2013


IBPS RRB Officer Scale - I Previous Year Paper with Answer Key


Exam Name: IBPS RRB Officer Scale - I

Year: 2013

File Type: PDF

File Size: 2.50 MB

(Online Exam Call letter) IBPS RRB Officers (Scale-I, II & III) - 2014

Institute of Banking Personnel Selection

Download Online Exam Call letter for IBPS RRBs Phase III- Officers (Scale-I, II & III)

Exam Name: IBPS RRB Officers (Scale-I, II & III)

Year: 2014

(Online Exam Call letter) IBPS RRB Office Assistant - 2014

Institute of Banking Personnel Selection

Download Online Exam Call letter for IBPS RRB Office Assistant

Exam Name: IBPS RRB Office Assistant

Year: 2014

(Result) LIC Recruitment of Assistant Administrative Officers (Actuarial) - 2014

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Life Insurance Corporation

RESULT: RECRUITMENT OF ASSISTANT ADMINISTRATIVE OFFICERS (ACTUARIAL)

ON THE BASIS OF THE ONLINE TEST AND INTERVIEW HELD FOR RECRUITMENT TO THE POST OF ASSISTANT ADMINISTRATIVE OFFICER (ACTUARIAL), CANDIDATES WITH THE FOLLOWING ROLL NUMBERS HAVE BEEN SHORTLISTED FOR PRE RECRUITMENT MEDICAL EXAMINATION.

(Notification) IBPS CWE Clerks- IV Examination - 2014

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Institute of Banking Personnel Selection

RECRUITMENT IN CLERICAL CADRE IN PARTICIPATING ORGANISATIONS (CWE Clerks- IV)

The online examination for the next Common Recruitment Process (CRP) for selection of personnel for Clerical cadre Posts in the Participating Organisations listed below is tentatively scheduled in December 2014.

Any eligible candidate, who aspires to join any of the Participating Organisations listed at (A) as a Clerk or in a similar post in that cadre, is required to register for the Common Recruitment Process (CWE Clerks -IV). Candidates who appear and are shortlisted in the examination, will subsequently be called for a Common Interview to be conducted by the  Participating Organisations and co-ordinated by the Nodal Bank with the help of IBPS. Depending on the State/UT wise vacancies to be filled in during the financial year 2015-16 based on the business needs of the Participating Organisations and as reported to IBPS, candidates shortlisted will be provisionally allotted to one of the Participating Organisations keeping in view the spirit of Govt. Guidelines on reservation policy, administrative  convenience, etc. The validity for CWE Clerks-IV will automatically expire at the close of business on 31.03.2016 with or without giving any notice.

ELIGIBILITY CRITERIA

Nationality / Citizenship:

A candidate must be either -

(i) a Citizen of India or
(ii) a subject of Nepal or
(iii) a subject of Bhutan or
(iv) a Tibetan Refugee who came over to India before 1st January 1962 with the intention of permanently settling in India or
(v) a person of Indian origin who has migrated from Pakistan, Burma, Sri Lanka, East African countries of Kenya, Uganda, the United Republic of Tanzania (formerly Tanganyika and Zanzibar), Zambia, Malawi, Zaire, Ethiopia and Vietnam with the intention of permanently settling in India,

Age (As on 01.08.2014):

Minimum: 20 years Maximum: 28 years i.e. a candidate must have been born not earlier than 02.08.1986 and not later than 01.08.1994 (both dates inclusive)

Educational Qualifications:

A Degree (Graduation) in any discipline from a University recognised by the Govt. Of India or any equivalent qualification recognized as such by the Central Government.

The candidate must possess valid Mark-sheet / Degree Certificate that he/ she is a graduate on the day he / she registers and indicate the percentage of marks obtained in Graduation while registering online.

Computer Literacy: Operating and working knowledge in computer systems is mandatory i.e. candidates should have Certificate/Diploma/Degree in computer operations/Language/ should have studied Computer / Information Technology as one of the subjects in the High School/College/Institute.

Proficiency in the Official Language of the State/UT (candidates should know how to read/ write and speak the Official Language of the State/UT) for which vacancies a candidate wishes to apply is preferable. (Some questions may be put at the time of interview to ascertain the candidate’s familiarity with the Official Language of the State/UT)

PARTICIPATING ORGANISATIONS

  • Allahabad Bank
  • Corporation Bank
  • Syndicate Bank
  • Andhra Bank
  • Dena Bank
  • UCO Bank
  • Bank of Baroda
  • Indian Bank
  • Union Bank of India
  • Bank of India
  • Indian Overseas Bank
  • United Bank of India
  • Bank of Maharashtra
  • Oriental Bank of Commerce
  • Vijaya Bank
  • Canara Bank
  • Punjab National Bank
  • Central Bank of India
  • Punjab & Sind Bank
  • Any other bank or financial institution

(Joining Information) List of Selected Candidate for the Post of Manager (Mechanical Engineer) in MMG Scale-II in PNB Bank

Punjab National Bank

List of Selected Candidate For The Post of Manager (Mechanical Engineer) in MMG Scale-II and his Joining Schedule. Interviews Conducted on 26 & 27may 2014

(Notification) RBI : Assistant Examination - 2014

Reserve Bank of India

Recruitment for the post of Assistant

The Reserve Bank of India invites applications from eligible candidates for 506 posts of “Assistant” in various offices of the Bank. Selection for the post will be through a country-wide competitive Online Examination and Interview.

Post Detail:

Post Name: Assistant

No of Post: 506

Pay Scale:

Selected Candidates will draw a starting basic pay of ` 8,860/- per month (i.e. ` 8,040/- plus two advance increments admissible to graduates only) in the scale of ` 8,040 – 410 – 9270 – 500 – 11,270 – 550 – 13,470 – 650 – 15,420 – 720 – 16,140 – 990 – 20,100 (20 years) and other allowances, viz. Dearness Allowance, House Rent Allowance, City Compensatory Allowance, Transport Allowance etc., as admissible from time to time. At present, initial monthly Gross emoluments for Assistants is approximately ` 22,732/-

Educational Qualifications (as on 06-08-2014):

i) At least a Bachelor’s Degree in any discipline with a minimum of 50% marks (pass class for SC/ST/PWD candidates) in the aggregate and the knowledge of word processing on PC.
ii) A candidate belonging to Ex-servicemen category should either be a graduate from a recognized University or should have passed the matriculation or its equivalent examination of the Armed Forces and rendered at least 15 years of defence service.
iii) Candidates applying for post in a particular state should be proficient in the language of the state i.e. know to read, write, speak and understand the language.

Call Letter for SBI PO Descriptive Test on 03.08.2014 (Only for Candidates who attended the Objective Test "27-06-2014")

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State Bank of India

Call Letter for Probationary Officers Descriptive Test on 03.08.2014

(Only for Candidates who attended the Objective Test in the Afternoon Session on 27-06-2014)

IBPS Probationary Officer (PO) Exam Notification 2014 (CWE PO/MT-IV)

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Institute of Banking Personnel Selection

Common Written Examination (CWE)
Recruitment in POs/MTs (CWE-PO/ MT-IV)

The online examination for the next Common Recruitment Process for selection of personnel for Probationary Officer/ Management Trainee posts in the Participating Organisations listed below is tentatively scheduled in
October 2014.

PARTICIPATING ORGANISATIONS

  1. Allahabad Bank
  2. Canara Bank
  3. Indian Bank
  4. Syndicate Bank
  5. Andhra Bank
  6. Central Bank of India
  7. Indian Overseas Bank
  8. UCO Bank
  9. Bank of Baroda
  10. Corporation Bank
  11. Oriental Bank of Commerce
  12. Union Bank of India
  13. Bank of India
  14. Dena Bank
  15. Punjab National Bank
  16. United Bank of India
  17. Bank of Maharashtra
  18. ECGC
  19. Punjab & Sind Bank
  20. Vijaya Bank
  21. Bharatiya Mahila Bank
  22. IDBI Bank
  23. Any other bank or financial institution

(Jobs) Bank of Baroda : Recruitment of 300 Probationary Officers in Junior Management Grade/Scale-I - 2014

1 year Post Graduate Diploma in Banking and Finance course in Baroda Manipal School of Banking

(Jobs) Bank of Baroda : Recruitment of 300 Probationary Officers in Junior Management Grade/Scale-I - 2014

We are looking for young, qualified, mobile and active minds who can be imparted with the necessary knowledge and skills required to be good all-round bankers through the 1 year Post Graduate Diploma in Banking and Finance course in Baroda Manipal School of Banking.

On successful completion of the course within the stipulated time period, the candidate would be offered appointment in the bank as Probationary Officers in Junior Management Grade / Scale-I.

Candidates shall be selected through selection process consisting of online exam followed by Group Discussion and Personal Interview. Admission to the 1 year full-time post graduate diploma course in Banking and Finance from Manipal University to be conducted at the Baroda Manipal school of Banking comes with the assurance of a full-fledged Banking career with Bank of Baroda on successful completion of the course.

Number of Student intake per batch

Age (As on 16.07.2014)

Unreserved OBC SC ST Total
151 81 45 23 300 Minimum- 20 years
Maximum- 28 years

Union Budget 2014 Highlights & Key Features

Union Budget 2014 Highlights & Key Features

The Current Economic Situation And The Challenges

  • The state of world economy has been the most decisive factor affecting the fortunes of every developing country.

  • The world economy has been witnessing a sliding trend in growth, from 3.9 percent in 2011 to 3.1 percent in 2012 and 3 percent in 2013.

  • The economic situation of major trading partners of India, who are also the major source of our foreign capital inflows, continues to be under stress. United States has just recovered from long recession, Euro zone, as a whole, is reporting a growth of 0.2
    per cent, and China’s growth has also slowed down.

  • The economic challanges faced by our country are common to all emerging economies.Despite these challanges, we have successfully navigated through this period of crisis.

  • Apart from embarking on the path of fiscal consolidation, the objectives of price stability, self sufficiency in food, reviving the growth cycle, enhancing investments, promoting manufacturing, encouraging exports, quickening the phase of implementation of projects and reducing a stress on important sectors were the goals set in 2012-13.
     

State of Economy

  • Deficit and Inflation

  • Investment

  • Foreign Trade

  • Manufacturing

  • growth.

  • Infrastructure

  • Exchange Rates

  • GDP Growth

  • UPA’s record of Growth

Report Card of 2013-14

  • De-controlling sugar, gradual correction of diesel prices, rationalization of railway fares, were some of the courageous and long over due decisions taken by the Government.

  • Applications were invited for issue of new bank licences.

  • DISCOMS, mostly sick are being restructured with generous central assistance.

  • 12.8 lakhs land titles covering 18.80 lakh hectare were distributed under the Scheduled Tribes and Other traditional Forest Dwellers Act.

  • The oppressive colonial law of 1894 was substituted with the Right to Fair Compensation and Transparency in Land Acquisition Rehabilitation and Resettlement Act.

  • National Food Security Act was passed assuring food to 67 percent of the population/
    households.

  • The new companies Act replaced a law of 1956 vintage.

  • The PFRDA Act was passed to establish a statutory regulator for the New Pension Scheme.

Economic Initiative

  • Centrally Sponsered Schemes were restructured into 66 Programs for greater Synergy.

  • Funds under these programs will be released as Central assistance to State Plan, thus giving greater authority and responsibility. As a result, Central assistance to plans of States & UTs will rise substantially from `136,254 crore in BE 2013-14 to `338,562 crore in 2014-15.

  • Record Capital expenditure of ` 257,641 crores in 2013-14 by public sector enterprises.

  • About 50,000 MW of Thermal and Hydel Power capacity is under construction after receiving all clearances and approvals. 78,000 MW of power capacity have been assured coal supply.

  • Liberalised FDI policy in tele-communication, pharmaceuticals, civil aviation, power trading exchange, and multi brand retail to attract large investment.

  • Approval to establish 2 semi conductor wafer fab units.

  • Approval of IT modernization project of Department of Post.

  • Kudankulam Nuclear Power Plant Unit-I achieved criticality and is generating 180 Milliion Units of power.

  • Fast breeder Reactor at Kalpakkam and 7 Nuclear Power Reactors under construction.

  • National Solar Mission to add 4 Ultra Mega Solar Power Projects each with the capacity of over 500 MW in 2014-15.

  • Ministry of MSME will create the ‘India Inclusive Innovation Fund’ to promote grass root innovations with social returns to support enterprises in the MSME sector with an initial contribution of `100 crore to the corpus of the fund.

Social Sector Initiative

  • A Venture Capital Fund to provide concessional finance to Scheduled Caste will be set up by IFCI with an initial capital of ` 200 crore which can be supplemented every year.

  • The restructured ICDS, under implementation in 400 districts, will be rolled out in remaining districts from 1.4.2014.

  • A National Agro-Forestry Policy 2014 has been approved.

  • A mechanism for marketing minor Forest produce has been introduced and an allocation of ` 444.59 crore has been made to continue the Scheme in 2014-15.

  • A new Plan Scheme with an allocation of `100 crore has been approved to promote
    community radio station

  • New technologies such as JE vaccine, a diagnostic test for Thalassaemia and Magnivisualizer for detection of Cervical cancer have been delivered to people.
    Additional Central Assistance to some States

  • A sum of `1200 crore as additional central assistance to North Eastern states, Himachal Pradesh and Uttarakhand in this financial year.

Overview of The Interim Budget

  • In order to sustain the pace of plan expenditure, it has been kept at the same level in
    2014-15 at which, it was budgeted in 2013-14.

  • Ministries/Departments which run key flagship programmes have been provided adequate funds in 2014-15 either equal to or higher than in the BE 2013-14. These include Ministries namely, Minority Affairs, Tribal Affairs, Housing & Poverty Alleviation, Social Justice & Empowerment, Panchayat Raj, Driniking Water and Sanitation, Women & Child Development, Health & Family Welfare, Human Resource Development and Rural Development.

Railways

Banking and Financial News – 27 June 2014

Banking and Financial News – 27 June 2014

Amazon Ties Up With IT Billionaire Murthy Of Infosys To Launch E-commerce Joint Venture In India (Forbes)

  • Narayana Murthy, the billionaire co-founder of Indian IT services firm, Infosys, has formalized an e-commerce joint venture with the world’s largest online retailer, Amazon, through his private investment firm, Catamaran Ventures. The deal was signed in May.

  • The JV will offer services that help offline sellers and SMBs in India to get online and to take advantage of the fast-growing online customer base in the country.

  • The joint venture named Taurus Business And Trade Services will operate in major Indian cities and towns. It will help offline sellers and small & medium businesses (SMBs) by training them in online tools so that they can improve the customer base online as well as improve footfalls and revenues.

  • Amazon’s latest venture with Catamaran is a sign that global giants are taking Indian e-commerce a lot more seriously.

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