gk capsule updated sbi

www.bankersadda.com|www.careerpower.in|www.careeradda.co.in

UPDATEDGKCAPSULEFORSBIPO2014EXAM

CurrentRBIPolicy&ReserveRates:

RepoRate 8%(Unchanged)

ReverseRepo 7%(Unchanged)

CRR 4%(Unchanged)SLR 22.5% (Changed)MSF 9%(Unchanged)BankRate 9%(Unchanged)

Note:Ason3June2014,RBI(ReserveBankofIndia)initsSecondbimonthlymonetarypolicystatementkeptthekeypolicyrate(repo)unchanged.SLRwascutby50basispointfrom23%to22.5%.

NewsrelatedtoRBI:

1. RBIsimplifiesKYCnormsforopeningbankaccount:Customersneedtosubmitonlyonedocumentaryproofofaddresseithercurrentorpermanentwhileopeningabankaccountorwhileundergoingperiodicupdation,theReserveBankofIndia.Incasetheaddressmentionedasperproofofaddressundergoesachange,freshproofofaddressmaybesubmittedtothebranchwithinsixmonths,theRBIsaidinanotificationtobanks.Noproofisrequiredtobesubmittedforsuchaddressforcorrespondence/localaddress,theRBIadded.However,thisaddressmaybeverifiedbythebankthroughpositiveconfirmationsuchasacknowledgmentofreceiptofletter,chequebooks,ATMcards;telephonicconversation;andvisits.

2. AustraliaandNewZealandBankingGroup(ANZ)hasreceivedinprincipleapprovalfromtheReserveBanktoopentwonewbranches.ThenewbrancheswillcomeupGurgaon,NCR,andouterBangalore.

3. RBIdirectiveonforeigncurrencyaccounts:TheReserveBankofIndiahasdirectedbanksto:convertcreditbalancesinanyinoperativeforeigncurrency(FC)denominateddepositintoIndianrupeeiftheformerremainsnotinuseforthreeyearsfromthedateofmaturityofdeposit.

4. RBIeasesgoldimportnorms;nodforselecttradinghousestoprocurefromabroad:Underthisscheme,animporterhastoensurethatatleast20percentofeverylotofimportedgoldisexclusivelymadeavailableforexportpurpose.

5. RBInodforbankloantenureupto10yearstoboostexportindustry.Inamajorboostfortheexportindustry,theRBIhasallowedbankstoprovideloanswithtenuresofupto10years.Theseloanswillhelpexportersinensuringcapitalflowstofulfilllongtermcontracts.Existingnormsallowbankstogiveloansforuptooneyearonly.

ThisGKCapsulehasbeenpreparedbyCareerPowerInstituteDelhi(FormerlyKnownasBankPower).ThisdocumentconsistsofallimportantnewsandeventswhichcancomeinSBIPOExam.


6. TheReserveBankofIndiaonWednesdaysaidbanksshouldmakeallnewATMsinstalledfromJuly1,2014astalkingATMswithBraillekeypads.

7. RBI,hasdecidedthatIndiancompanieswillnotbepermittedtoraiseExternalCommercialBorrowingsfromoverseasbranches

NewsRelatedtoBanking&Finance

1. NationalBankforAgricultureandRuralDevelopment(Nabard)

hasreducedtheinterestrateonitslongtermrefinancefacilitytobanksby20basispointstopromoteinvestmentsinagriculture.Thenewrateswillbe9.5percent(9.7percentearlier)for5yearsandaboveand9.7percent(9.9percentearlier)for35years.

2. FinanceMinisterArunJaitleyhasbeenappointedontheBoardofGovernorsofPhilippinesbasedAsianDevelopmentBank(ADB).

3. EximBankhasextendedUSD46millionlineofcredittoMauritiusforfinancinggoodsanddefencerelatedvehiclespurchases.

4. BharatiyaMahilaBank(BMB)wasincludedinthesecondscheduleoftheReserveBankofIndia(RBI)Act,1934.TheinclusionoftheBMBinthesecondschedulewasannouncedbyRBIinanotificationissuedinMumbaion21May2014.Note:i.WiththeinclusionofBMB,totalnumberofscheduledcommercialbanksinIndianowstandsat90.Ason2May2014,therewere89ScheduledcommercialbanksinIndia.ii.TheinclusionofBMBinthesecondscheduleoftheRBIAct,193meansthatnowitwillbeeligibleforloansfromRBIonbankrateandalsoacquiredmembershipofclearinghouses.

5. WorldBankhassignedanagreementwiththegovernmenttoprovidealoanassistanceofUSD1,006.20millionforSarvaShikshaAbhiyanIII,whichisthelargestongoing"EducationforAll"programmeintheworld.

6. India'seconomicgrowthremainedsubduedat4.7percentin201314andat4.6percentinthefourthquarterofthefinancialyear,mainlyduetoadeclineinmanufacturingandminingoutput.AccordingtoofficialdatareleasedbytheCentralStatisticsOfficeinNewDelhi,thecountry'sgrossdomesticproductin201314waslessthanitsadvanceestimateof4.9percent.

7. FICCIandIDBIsignedanMoUforeasyaccesstoorganisedfinancefacilityatcompetitiveinterestratesformicro,smallandmediumenterprise(MSME).

ImportantNews(India&World):

1. Lithuaniatobecome19thcountrytoadoptEuroascurrencyfrom1January2015.Itwillbecomethe19thmember

oftheeurozoneoutof28countriesintheEuropeanUnion,andthelastoftheBalticstatestojoin.Note:EstoniawasthefirstBalticstatetobecomeamemberoftheeurozonein2011,followedbyLatviaon1January2014.LithuaniaCapital:Vilnius, President:DaliaGrybauskait, PrimeMinister:AlgirdasButkeviius

2. FormerIndiacaptainSouravGangulyjoinedtheSupremeCourtappointedMudgalcommittee,whichisprobingtheIPLbettingandspotfixingscandal,asanexpertoncricketingaffairs.


3. Telanganacameintoexistenceasthe29thstateofIndiaandTRSsupremeoKChandrasekharRao(KCR)wassworninasitsfirstChiefMinister.ESLNarasimhanwassworninasthefirstGovernorofTelangana.

4. MadhyaPradeshgovernmenthasappointedactorMadhuriDixitasthebrandambassadorforitsMamtaAbhiyaan(maternalandchildhealth)campaign.

5. Indiaisamongtheworld'stopfivenationsinconcentratedsolarpower(CSP)technologycapacityrankingstoppedbytheUS,accordingtoanewreport.Note:Indiaisplacedfourth,aheadofChina,intherankingsrecentlyreleasedinareportbytheRenewableEnergyPolicyNetworkforthe21Century(Ren21),aninternationalmultipolicystakeholdernetworkthatpromotesrapidglobaltransitiontorenewableenergy.

6. Indiabecamethesecondlargestexporteroftextilesintheworld.ThiswasrevealedbytherecentdatareleasedbyUNComtradeinGlobalTextilesaswellasApparelExports.

7. IndiawaselectedforasecondtimetoaUNESCObody,taskedwiththesafeguardingofintangibleculturalheritage.Indiawontheelectionbyaresounding135votesagainstatotalof142votescastbymemberstatespresentattheUNESCOheadquartersinParis.Note:ThisisthesecondtimethatIndiahasbeenelectedtotheIntergovernmentalCommitteefortheSafeguardingoftheIntangibleCulturalHeritage,theearliertermbeingfrom20062010

8. ThegovernmenthasproposedtoraiseForeignDirectInvestment(FDI)indefencesectorto100percent.Accordingtosources,theCommerceandIndustryMinistryhascirculatedaCabinetnoteforinterministerialconsulatation.

9. PakistanhassaiditwouldgrantIndiathestatusofNonDiscriminatoryMarketAccess(NDMA)tofacilitateenhancedbilateraltrade.

10. Forthethirdyearinarow,IndiraGandhiInternationalAirportinNewDelhihasbeenadjudgedthesecondbestairportintheworldforitsservicequality

11. SachinTendulkartobegoodwillambassadorfornationalgames.The35NationalGamestobeheldinsevencitiesintheStateearlynextyearwillhavecricketlegendSachinTendulkarasitsgoodwillambassador.

12. PrimeMinisterNarendraModiquithisVadodaraLokSabhaseat,choosingtoretainVaranasiinUttarPradesh,wheretheBJPrecordedalandslidevictorybagging71ofthe80seatsintherecentelections.

13. Indiahasfiguredamongthetop10marketsfortheinternationalbusinesscommunity,accordingtoAustraliasInternationalBusinessSurvey.

14. MalavathPoorna,a13yearsand11montholdgirlofAndhraPradeshbecametheyoungestwomantoclimbtheMountEverest,thehighestpeakintheworld.

15. SingaporebecamethetopsourceofFDIintoIndiareplacingMauritius:DepartmentofIndustrialPolicyandPromotion(DIPP)

16. China,Russiasign30yeargasdeal17. TheArmyhaslaunchedacoachingprogrammeforthestudentsofChenabValleybeltinJammuandKashmirtohelp

themcracktheprestigiousIndianInstituteofTechnologyJointEntranceExam(IITJEE).18. Brazilhonoured100yearsofIndiancinemabyreleasingtwopostagestamps19. FlipkartbuysMyntrafor$300mn.FlipkartannouncedthatithasacquiredMyntra,thecountryslargeste

commercesiteforfashionandlifestyleproducts.20. TwoIndianfirmswontheAshdenaward(thegreenenergyaward)in2014.InfosysreceivedtheInternational

AshdenAwardforSustainableBuildings.AnotherIndianfirmGreenwayGrameenwontheAshdenCleanEnergyforWomenandGirlsaward.

21. IndianAmericanstudentAkhilRekulapelliwonNationalGeographicBeeChampionship22. TheUNSecurityCouncilhasofficiallydesignatedBokoHaramasaterroristgrouplinkedtoalQaedaandslapped

sanctionsonthemilitantgroupthathascarriedoutbombingsandtherecentabductionofover200schoolgirlsinNigeria.

23. Asia'sbiggestmilkbrandAmulannouncedtosetupadairyprocessingplantinVaranasi.Theplantwillinitiallyprocessfivelakhlitresperdaywiththecapacitytodoubletheproduction.


SomeImportantEconomicTerms:

1. CommercialPaper:CommercialPaper(CP)isanunsecured

moneymarketinstrumentissuedintheformofapromissorynote.Corporates,primarydealers(PDs)andtheAllIndiaFinancialInstitutions(FIs)areeligibletoissueCP.Maturityperiod:betweenaminimumof7daysandamaximumofuptooneyearfromthedateofissue.CPcanbeissuedindenominationsofRs.5lakhormultiplesthereof.OnlyascheduledbankcanactasanIPA(IssuingandPayingAgent)forissuanceofCP.

2. TreasuryBills:Treasurybills(Tbills)offershortterminvestmentopportunities,generallyuptooneyear.Theyarethususefulinmanagingshorttermliquidity.Atpresent,theGovernmentofIndiaissuesthreetypesoftreasurybillsthroughauctions,namely,91day,182dayand364day.TherearenotreasurybillsissuedbyStateGovernments.TreasurybillsareavailableforaminimumamountofRs.25,000andinmultiplesofRs.25,000.Treasurybillsareissuedatadiscountandareredeemedatpar.TreasurybillsarealsoissuedundertheMarketStabilizationScheme(MSS).

3. CertificatesofDeposit(CD):CertificateofDeposit(CD)isanegotiablemoneymarketinstrumentandissuedindematerialisedformorasaUsancePromissoryNoteagainstfundsdepositedatabankorothereligiblefinancialinstitutionforaspecifiedtimeperiod.Note:CDscanbeissuedby(i)scheduledcommercialbanks{excludingRegionalRuralBanksandLocalAreaBanks};and(ii)selectAllIndiaFinancialInstitutions(FIs)thathavebeenpermittedbyRBIMinimumamountofaCDshouldbeRs.1lakh,andinmultiplesofRs.1lakhthereafter.ThematurityperiodofCDsissuedbybanksshouldnotbelessthan7daysandnotmorethanoneyear,fromthedateofissue.

4. FiscalDeficit:Adeficitinthegovernmentbudgetofacountryandrepresentstheexcessofexpenditureoverincome.Sothisistheamountofborrowedfundsrequirebythegovernmenttomeetitsexpenditurescompletely.

5. DirectTax:Adirecttaxisthatwhichispaiddirectlybysomeonetotaxingauthority.Incometaxandpropertytaxareanexamplesofdirecttax.Theyarenotshiftedtosomebodyelse.

6. IndirectTax:Thistypeoftaxisnotpaidbysomeonetotheauthoritiesanditisactuallypassedontotheotherintheformofincreasedcost.Theyareleviedongoodsandservicesproducedorpurchased.ExciseTax,SalesTax,Vat,Entertainmenttaxareindirecttaxes.

7. NOSTROAccount:ANostroaccountismaintainedbyanIndianBankintheforeigncountries.8. VOSTROAccount:AVostroaccountismaintainedbyaforeignbankinIndiawiththeircorrespondingbank.9. SDR(SpecialDrawingRights):SDRarenewformofInternationalreserveassets,createdbytheInternational

MonetaryFundin1967.ThevalueofSDRisbasedontheportfolioofwidelyusedcountriesandtheyaremaintainedasaccountingentriesandnotashardcurrencyorphysicalassetslikeGold.

10. Cheque:Chequeisanegotiable(whichcanbetransferredtoanotherpersoninexchangeofmoney)instrumentdrawnonaspecifiedbankerorderingthebankertopayacertainsumofmoneytothedrawerofchequeoranotherperson.Chequeisalwayspayableondemand.TypesofCheque:i.AnteDatedCheque:Achequebearingadatepriortoactualdateofsigningthechequeoropeningofanaccountiscalledanantedatedchequewhichisvalidandcanbepaidtillitbecomestale.ii.StaleCheque:Ifthevalidityofthechequehasalreadyexpireditiscalledstalechequewhichcannotbepaid.Thenormalmaximumvalidityofchequeis3monthsearlieritwas6months.iii.PostDatedCheque:Thechequewhichbearsadatesubsequenttothedateonwhichitisdrawn.Forex.Achequedrawnon10thJanuary,2013bearsthedateof12thJanuary,2013.


11. CrossingofCheque:Crossingsreferstodrawingtwoparallellinesacrossthefaceofthecheque.Acrossedchequecannotbepaidincashacrossthecounter,andistobepaidthroughabankeitherbytransfer,collectionorclearing.AgeneralcrossingmeansthatchequecanbepaidthroughanybankandaspecialcrossingmeanswherethenameoftheBankisindicatedonthechequecanbepaidonlythroughthenamedbank.DishonourofCheque:Nonpaymentofchequebythepayingbankerwithareturnmemogivingreasonsforthenonpayment.

12. DemandDraft:Demanddraftisdefinedasanordertopaymoneydrawnbyoneofficeofabankuponanotherofficeofthesamebankforasumofmoneypayabletoorderondemand.ChequeandDemanddraftbothareusedfortransferofmoney.Differenceb/wCheque&DD:AchequecanbebouncebutD.Dcannotbebounceasitisalreadypaid.

13. Currentaccount:Currentaccountwithabankcanbeopenedgenerallyforbusinesspurpose.Therearenorestrictionsonwithdrawalsinthistypeofaccount.Nointerestispaidinthistypeofaccount.

14. NEFT(NationalElectronicFundTransfer):NEFTenablesfundstransferfromonebanktoanotherbutworksabitdifferentlythanRTGS.NEFTisslowerthanRTGS.ThetransferisnotdirectandRBIactsastheserviceprovidertotransferthemoneyfromoneaccounttoanother.YoucantransferanyamountthroughNEFT,evenarupee.

15. RTGS(Realtimegrosssettlement):RTGSsystemisfundstransfersystemswheretransferofmoneyorsecuritiestakesplacefromonebanktoanotherona"realtime"andon"gross"basis.Settlementin"realtime"meanspaymenttransactionisnotsubjectedtoanywaitingperiod.Thetransactionsaresettledassoonastheyareprocessed.Minimum&MaximumLimitofRTGS:2lakhandnoupperlimit.

16. BOND:Publiclytradedlingtermdebtsecuritiesissuedbycorporationsandgovernments,wherebytheissueragreestopayafixedamountofinterestoveraspecifiedperiodoftimeandtorepayafixedamountofprincipalmaturity.

17. CallMoney:CallMoneyistheborrowingorlendingoffundsfor1day.18. NoticeMoney:Moneyborrowedorlendforperiodbetween2daysand14daysitisknownasNoticeMoney19. TermMoney:TermMoneyreferstoborrowing/lendingoffundsforperiodexceeding14days20. CRAR(CapitaltoRiskWeightedAssetsRatio):Capitaltoriskweightedassetsratioisarrivedatbydividingthe

capitalofthebankwithaggregatedriskweightedassetsforcreditrisk,marketriskandoperationalrisk.21. NonPerformingAssets(NPA):Anasset,includingaleasedasset,becomesnonperformingwhenitceasesto

generateincomeforthebank.22. INFLATION:inflationisariseinthegenerallevelofpricesofgoodsandservicesinaneconomyoveraperiodof

time.Whenthegeneralpricelevelrises,eachunitofcurrencybuysfewergoodsandservices.Consequently,inflationreflectsareductioninthepurchasingpowerperunitofmoneyalossofrealvalueinthemediumofexchangeandunitofaccountwithintheeconomy.

23. DEFLATION:deflationisadecreaseinthegeneralpricelevelofgoodsandservices.Deflationoccurswhentheinflationratefallsbelow0%(anegativeinflationrate).Thisshouldnotbeconfusedwithdisinflation,aslowdownintheinflationrate(i.e.,wheninflationdeclinestolowerlevels).

24. REFLATION:Whengovernmentwantstocontrolthedeflationcondition,thesuggestsRBItodecreasethekeyrates.Ifdeflationinnotcontrolled,govt.makesafiscalpolicy.(taxesdecreased,subsidyonloanincreased).

25. DISFLATION:Whengovernmentwantstocontroltheinflationcondition,thesuggestsRBItoincreasethekeyrates.Ifinflationinnotcontrolled,govt.makesafiscalpolicy.(taxesincreased,subsidyonloandecreased)

26. DoubtfulAsset:Anassetwouldbeclassifiedasdoubtfulifithasremainedinthesubstandardcategoryforaperiodof12months.

27. CASADeposit:DepositinbankincurrentandSavingsaccount.28. LiquidAssets:Liquidassetsconsistsofcash,balanceswithRBI,balancesincurrentaccountswithbanks,moneyat

callandshortnotice,interbankplacementsduewithin30daysandsecuritiesunderheldfortradingandavailableforsalecategoriesexcludingsecuritiesthatdonothavereadymarket.

29. Importparityprice(IPP):Thepricethatapurchaserpaysorcanexpecttopayforimportedgoodssuchaspetrol,dieselorcookinggas.Theimportparityprice(IPP)isthepriceattheborderofagoodthatisimported,whichincludesinternationaltransportcostsandtariffs.TheIPPisusedinInternationaltradeandissometimesreferredtoastheInternationalBenchmarkPrice.


30. Exportparityprice(IPP):Thepricethataproducergetsorcanexpecttogetforitsproductifexported,equaltotheFreightonBoardpriceminusthecostsofgettingtheproductfromthefarmorfactorytotheborder.TheEPPappliesonlytothequantitythatisexportedandnottothequantitythatissolddomestically

31. ParticipatoryNotesorPnotes:arederivativeinstruments,usedbyForeignInstitutionalInvestors(FIIs)whoareNOTregisteredwithSEBI.PNotes,mostlyusedbyoverseasHNIs(HighNetworthIndividuals),hedgefundsandotherforeigninstitutions,allowthemtoinvestinIndianmarketsthroughregisteredForeignInstitutionalInvestors(FIIs),whilesavingontimeandcostsassociatedwithdirectregistrations.

32. Devaluation:meansofficialloweringofthevalueofacountry'scurrencywithinafixedexchangeratesystem,bywhichthemonetaryauthorityformallysetsanewfixedratewithrespecttoaforeignreferencecurrency.

33. Depreciation:isusedtodescribeadecreaseinacurrency'svalue(relativetoothermajorcurrencybenchmarks)duetomarketforces,notgovernmentorcentralbankpolicyactions.

NewAppointmentinIndia

1. NarendraDamodardassModisworninasthe15thPrimeMinisterofthecountry.

ThelistofCabinetMinistersincludes:

2. RajnathSingh:HomeMinster3. SushmaSwaraj:ExternalAffairs&OverseasIndianAffairs4. ArunJaitley:FinanceCorporateAffairs&Defence5. M.VenkaiahNaidu:UrbanDevelopmentHousingandUrbanPovertyAlleviation&ParliamentaryAffairs6. NitinJairamGadkari:RoadTransportandHighwaysShipping+RuralDevelopment,PanchayatiRaj&Drinking

WaterandSanitationNote:NitinJairamGadkarigivenadditionalchargeofRuralDevelopment,PanchayatiRaj&DrinkingWaterandSanitationasGopinathMundediedinRoadaccident.

7. D.V.SadanandaGowda:Railways8. UmaBharati:WaterResources,RiverDevelopmentand

GangaRejuvenation9. Dr.NajmaA.Heptulla:MinorityAffairs10. RamvilasPaswan:ConsumerAffairs,FoodandPublic

Distribution11. KalrajMishra:Micro,SmallandMediumEnterprises12. ManekaGandhi:WomenandChildDevelopment13. Ananthkumar:ChemicalsandFertilizers14. RaviShankarPrasad:CommunicationsandInformationTechnology&LawandJustice15. AshokGajapathiRaju:CivilAviation16. AnantGeete:HeavyIndustriesandPublicEnterprises17. HarsimratKaurBadal:FoodProcessingIndustries18. NarendraSinghTomar:Mines&SteelLabourandEmployment19. JualOram:TribalAffairs20. RadhaMohanSingh:Agriculture21. ThaawarChandGehlot:SocialJusticeandEmpowerment22. SmritiZubinIrani:HumanResourceDevelopment23. Dr.HarshVardhan:HealthandFamilyWelfare

24. SumitraMahajan:newLokSabhaSpeaker25. ChandrababuNaidusworninasFirstChiefMinisterofAndhraPradesh.


26. KChandrasekharRao(KCR)wassworninasitsfirstChiefMinisterofTelangana27. FinanceMinisterArunJaitleyhasbeenappointedontheBoardofGovernorsofPhilippinesbasedAsian

DevelopmentBank(ADB).28. MallikarjunKhargeelectedleaderofCongressinLokSabha.29. NripendraMishraappointedPrincipalSecretarytoPM30. MukulRohatgiappointed14thNewAttorneyGeneralofIndia.HereplaceG.E.Vahanvati31. AjitKumarDovalappointedasnewNationalSecurityAdvisor32. KamalNathappointedprotemSpeakerof16LokSabha33. RajivMathurtakesoverasNewCIC(ChiefInformationCommissioner).HesucceedsSushmaSingh,34. AnandibenPatel:newCMofGujarat35. NaveenPatnaiksworninasOdishachiefminister36. PawanChamlingswornSikkimCMforrecord5thtime37. JitanRamManjhi:newBiharCM38. TRZeliangappointednewCMofNagaland.HesucceedNeiphiuRio39. RKMalhotra,Director(R&D)atIndianOilCorp(IOC),hasbeengivenadditionalchargeasChairman40. NKVermaisnewONGCVideshMD41. NabamTukisworninasCMofArunachalPradeshforsecondterm.

NewAppointmentinWorld

1. PrinceZeidalHussein(Jordansambassador)nominatedasU.N.HighCommissionerforHumanRights2. BasharalAssadelectedSyrianPresidentthirdtime3. DaliaGrybauskaite:PresidentialelectionofLithuania4. PeterMutharikaisnewMalawipresidential5. AbdelFattahAlSissielectedasEgypt'snewPresident6. JacobZumasworninasSouthAfrica'sPresidentforsecondterm7. PetroPoroshenko:NewPresidentofUkraine8. HiroshiNakaappointedasVicePresidentandAuditor

GeneralofWorldBank.9. KathleenStephensNamedInterimUSAmbassadorto

India.

SUMMIT

1. 40thG7summit2014heldatBrussels.Note:ItwasthefirsttimethattheEUhostedaG7summit.ThesummitisjointlyrepresentedbytheEuropeanCouncilPresidentHermanvanRompuyandtheEuropeanCommissionPresident.Note:Originally,aG8summitwasscheduledtotakeplaceinSochi(Russia)inearlyJune2014underaRussianpresidency.DuetotheRussianFederation'sviolationofUkraine'ssovereigntyandterritorialintegrity,theG7leadersdecidedtomeetinBrusselson45June2014intheG7formatinstead.


Awards&Honours

1. VishwanathTripathi,eminentHindiwriteron29May2014wasawardedwiththeprestigiousVyasSammanfortheyear2013.

2. IrishauthorEimearMcBridewonthe2014Bailey'sWomen'sPrizeforFictionforherfirstnovelAGirlisaHalfFormedThing.

3. ProjectMobileSevaunderDeitYwonthe2014UnitedNationsPublicServiceAwardNote:TheprojectMobileSevaunderDepartmentofElectronicsandInformationTechnology(DeitY)wonsecondrankinthe2014UnitedNationsPublicServiceAward.DepartmentofElectronicsandInformationTechnologycomesunderMinistryofInformationandTechnology.

LEADERSVISITEDINIDIA

1. ChineseForeignMinisterWangYivisitedIndiaon7thJune

2. OmanForeignMinisterYousufbinAlawibinAbdullahvisitedIndiaon3rdJune.

OBITUARY1. GopinathMunde:RuralDevelopmentMinisterpassesaway2. IdeologistandSanskritScholarSukumariBhattacharjidied3. FatherofMalaysianHockeySultanAzlanShahpassesaway4. VeteranCPI(M)leaderR.Umanathpassedaway5. MadhavMantri,acricketingdoyen,passesaway6. VeteranCongressleaderandformerministerSitaram

Prasadpassedaway7. NSrinivasan,theveterannuclearscientistdied8. SirJackBrabham,threetimeF1championpassesaway

SportsNews

Tennis:FrenchOpen2014:MensTitle:RafaelNadalclinchesrecordninthFrenchOpentitle.HedefeatedNovakDjokovicinthefinal. Note:RafalNadalnowwon14GrandSlamsinglestitlestillnow.WomensTitle:MariaSharapovadefeatSimonaHaleptowinFrenchOpenTitlesecondtime.Note:MariaSharapovanowwon5thGrandSlamtitle. ItalianTennisOpen2014:Women'sTitle:SerenaWilliamsdefeatedSaraErrani.


Men'sTitle:NovakDjokovicdefeatedRafaelNadalIPL7:KolkataKnightRidersdefeatKingsXIPunjabtoliftIPL7Trophyforsecondtime.Ceatawards2014:Theawardwinners:CricketeroftheYear:ViratKohli(India);ODIPlayeroftheYear:ShikharDhawan(India);T20PlayeroftheYear:ShakibAlHasan(Bangladesh);TestPlayeroftheYear:MitchellJohnson(Australia);

PopularChoiceaward:GlennMaxwell(Australia);YoungPlayeraward:VijayZol(Maharashtra)DomesticCricketeroftheYear:RobinUthappa(India)SpecialawardforIndianPlayeroftheYear:RAshwin(India)LifetimeAchievementaward:SyedKirmani(India).

1. ChinadefeatedJapantowonUberCup2014ofbadminton2. JapandefeatedMalaysiatoliftmaidenThomasCupBadmintontrophy2014.3. JapanbeatAustraliainWomen'sAsianCupFootballfinal.4. IndianbattingstarViratKohlihasbeenratedsecondbehindBritishFormulaOneracerLewisHamiltoninthelistof

mostmarketableathletesbytheUKmagazine,'SportsPro'.5. SnookerChampionChitranominatedforArjunaAwards20146. MadhyaPradeshHockeyAcademy(MPHA)defeatedJharkhand52towinthefourthHockeyIndiaSubJuniorGirls

NationalChampionship(DivisionA)inPune7. MercedesdriverNicoRosbergofGermanywonMonacoGrandPrixofFormulaOne8. HashimAmlaappointedasnewtestcaptainofSouthAfricancricketteam.9. AbdeVilliersnamedSouthAfricanCricketeroftheYear10. TriplejumperArpinderSinghbreaksnationalrecord,qualifiesforGlasgowCommonwealthGames11. DanielRicciardowontheCanadianGrandPrix2014.

HeadquarterofInternationalOrganisation

UNO NewYork UNICEF NewYork UNESCO Paris UNIDO Vienna WHO Geneva UNFPA NewYork SAARC Kathmandu ILO Geneva WorldBank WashingtonD.C IMF WashingtonDC WTO Geneva InternationalCourtOfJusticeTheHague

InternationalAtomicEnergyAgencyVienna InternationalCommitteeoftheRedCrossGeneva InternationalMaritimeOrganisationLondon FoodandAgriculturalOrganisationRome WorldMeteorologicalOrganisationGeneva AmnestyInternational London TransparencyInternational Berlin WorldIntellectualPropertyOrganizationGeneva InternationalRenewableEnergyAgencyAbu

Dhabi(UAE) CommonwealthofNationsLondon InternationalStandardsOrganisationGeneva

IMPORTANTDATES&DAYSOF:JANJULY


DATE DAY

12thJanuary NationalYouthday15thJanuary Armyday24thJan NationalGirlChildDay.

25thJanuary Nationaltourismday/Voters

day

30thJanuary NationalMartyrsday&WorldantiLeprosyDay

3rdFeb WorldCancerDay.28thFeb Nationalscienceday8thMarch Internationalwomenday

9thMarch WorldKidneyday

1stMarch ZeroDiscriminationDay15thMarch WorldConsumerrightsday20thMarch WorldSparrowDay&

InternationalHappinessDay.

22ndMarch Worldwaterday(Theme2014:Water and Energy)

23rdMarch WorldMeteorologicalday

24thMarch WorldT.B.day

2April WorldAutismAwarenessDay

7thApril WorldHealthday

21stApril Civilserviceday

22ndApril WorldEarthday

23rdApril WorldBooksday24thApril PanchayatDivas1stMay InternationalLabourday3rdMay PressFreedomDay

11thMay NationalTechnologyday21stMay AntiTerrorismday(Death

dayofRajivGandhi)

31stMay AntiTobaccoday(Nosmokingday)

5thJune WorldEnvironmentday

11thJuly Worldpopulationday


ABBREVIATIONINNEWS1. DICGC:Depositinsuranceandcreditguaranteecorporation.2. OLTAS:OnlineTaxAccountingSystemisusedforDirectTaxes3. TIN:TaxInformationNetwork4. IMPS:InterbankMobilePaymentService5. BSBDABasicSavingsBankDepositAccount6. FCNR(B)ForeignCurrencyNonResidentBank7. TARCTaxAdministrationReformCommission8. ITEs:IntraGroupTransactionsandExposures9. LCR:LiquidityCoverageRatio10. NSFR:NetStableFundingRatio11. REER:RealEffectiveExchangeRate12. LRMT:Liquidityriskmonitoringtools13. CBS:CoreBankingSolution14. DEAF:DepositorEducationandAwarenessFund15. CRAR:CapitaltoRiskweightedAssetsRatio16. ExternalCommercialBorrowings(ECB)17. SWIFT:SocietyforWorldwideInterbankFinancial

Telecommunication18. FSLRC:FinancialSectorLegislativeReformsCommission19. MIBOR:MumbaiInterBankOfferRate20. LIBOR:LondonInterBankOfferRate21. LAFLiquidityAdjustmentFacility22. GIROGovernmentInternalRevenueOrder23. EEFCExchangeEarner'sForeignCurrency24. FRBMA:FiscalResponsibilityandBudgetManagementAct25. ALMAssetLiabilityManagement26. AMFIAssociationofMutualFundinIndia.27. TIEATaxInformationexchangeAgreement28. CARCashAdequacyRatio29. CCEACabinetCommitteeonEconomicAffairs30. CECAComprehensiveEconomicCooperationAgreement31. CEPAComprehensiveEconomicPartnershipAgreement32. DTAADoubleTaxationAvoidanceAgreement33. ECBsExternalCommercialBorrowings34. EEFCExchangeEarner'sForeignCurrency35. EFSFEuropeanFinancialStabilityFacility36. FEMAForeignExchangeManagementAct37. FIIForeignInstitutionalInvestor.38. FINOFinancialInclusionNetworkOperation39. FIPBForeignInvestmentPromotionboard40. FSLRCFinancialSectorLegislativeReformsCommission41. FTAFreetradeagreement42. GAARGeneralantiavoidancerule43. GSLVGeoSynchronousLaunchVehicle44. MSFMarginalStandingFacility45. NBFCNonBankingFinanceCompanies46. NCTCNationalCounterTerrorismCentre47. NEFTNationalElectronicFundsTransfer48. NSGNuclearSuppliersGroup49. PPPPublicPrivatePartnership&PurchasingPowerparity50. PSLVPolarSatelliteLaunchvehicle51. RTGSRealTimeGrossSettlement52. SLRStatutoryLiquidityRatio53. TAPITurkmenistanAfghanistanPakistanIndia.54. QFIQualifiedForeignInvestors55. VVPAT'VoterVerifiablePaperAuditTrail'56. TaxInformationExchangeAgreement(TIEA)

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