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GK Update | 17th May | Bankersadda

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Title: GK Update | 17th May | Bankersadda
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GK Update | 17th May | Bankersadda PM's social security schemes: Canara Bank rolls out awareness campaigns across Delhi i. B...

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<i><b><span style="color: red;"><span style="font-size: x-large;">GK Update | 17th May | Bankersadda</span></span></b></i><br />
<br />
<br />

<br />
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-size: small;"><b><span>PM's social security schemes: Canara Bank rolls out
awareness campaigns across Delhi</span></b></span></div>
<span style="font-size: small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-size: small;"><span>i. Building
on the success of Pradhan Mantri Jan Dhan Yojana, the state-owned Canara Bank
on Sunday rolled out awareness campaigns across Delhi on the Prime Minister's
three latest social security schemes.</span></span></div>
<span style="font-size: small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-size: small;"><span>ii. Roadshows
were held in 16 clusters across Delhi to promote the three new social security
scheme</span></span></div>
<span style="font-size: small;">

</span><br />
<ul style="text-align: left;">
<li><span style="font-size: small;"><span>Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)</span></span></li>
<li><span style="font-size: small;"><span>Pradhan Mantri Suraksha Bima Yojana (PMSBY)</span></span></li>
<li><span style="font-size: small;"><span>Atal Pension Yojana (APY).</span></span></li>
</ul>
<span style="font-size: small;">

</span><br />
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-size: small;"><span>iii. For
the Delhi region, Canara Bank has enrolled the maximum number of persons
(1,12,929 lives) under the PMSBY among all banks till date. Even in the case of
PMJJBY, Canara Bank is leading the league table with 74,512 lives enrolled up
to May 13 this year, data available with the Delhi State level Bankers'
Committee showed.</span></span></div>
<span style="font-size: small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<br /></div>
<span style="font-size: small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-size: small;"><b><span>CII welcomes biz outcomes of Modi’s China visit</span></b></span></div>
<span style="font-size: small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-size: small;"><span>i. According
to CII, Prime Minister Narendra Modi’s visit to China has redefined the
economic partnership between the two largest and fastest-growing developing
economies in the world.</span></span></div>
<span style="font-size: small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-size: small;"><span>ii. Welcoming
the business outcomes of the visit, it said: “Prime Minister Modi’s visit to
China has redefined the economic partnership of the two largest and
fastest-growing developing economies in the world.’’</span></span></div>
<span style="font-size: small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-size: small;"><span>iii. In
the presence of the Prime Minister at the India-China Business Forum in
Shanghai, Indian and Chinese companies exchanged 24 agreements for cooperation
totalling $22 billion, including investments and financing across sectors, the
statement said.</span></span></div>
<span style="font-size: small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-size: small;"><span>iv. Chinese
initiatives in the sectors of railways, skill development, public health and
medical education will further build on economic cooperation between the two
countries, it added.</span></span></div>
<span style="font-size: small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<br /></div>
<span style="font-size: small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-size: small;"><b><span>Govt contains fiscal deficit at 4% of GDP; beats its
own target</span></b></span></div>
<span style="font-size: small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-size: small;"><span>i. The
Government has managed to restrict the fiscal deficit to 4 per cent during
2014-15, which is even below the revised estimate announced in the budget.
Fiscal deficit is difference between the income and expenditure of the
Government.</span></span></div>
<span style="font-size: small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-size: small;"><span>ii. The
fiscal deficit at the end of 2014-15, stands at Rs. 5,01,880 crore which is 98
per cent of the projected figure in RE (Revised Estimate) 2014-15. Fiscal
deficit as a percentage of GDP is 4 per cent as against the RE of 4.1 per cent
(4.4 per cent for the previous year i.e. 2013-14).</span></span></div>
<span style="font-size: small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<br /></div>
<span style="font-size: small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-size: small;"><b><span>Revenue Deficit</span></b></span></div>
<span style="font-size: small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-size: small;"><span>The revenue
deficit also came down to 2.8 per cent as against the revised estimate of 2.9
per cent. This deficit refers to mismatch in the projected earning ad
expenditure. Since the Government managed to collect more taxes than it was
expecting, it impacted positively not just the revenue but also fiscal deficit
too.</span></span></div>
<span style="font-size: small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<br /></div>
<span style="font-size: small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-size: small;"><b><span>Income</span></b></span></div>
<span style="font-size: small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-size: small;"><span>Tax
authorities managed to collect over Rs. 12.45 lakh crore during the 2014-15,
which is 9 per cent more than 2013-14. This collection is 9.8 per cent of GDP.
Such earnings which also comprise of disinvestment stands at Rs. 43,439 crore
with an increase of 4 per cent.</span></span></div>
<span style="font-size: small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<br /></div>
<span style="font-size: small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-size: small;"><b><span>Expenditure</span></b></span></div>
<span style="font-size: small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-size: small;"><span>In terms of
plan expenditure, the RE was Rs. 4.68 lakh crore, but actual was Rs. 4.36 lakh
crore. Similarly, non plan expenditure came down to Rs. 11.91 lakh crore from
the RE of of Rs. 12.13 lakh crore.</span></span></div>
<span style="font-size: small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<br /></div>
<span style="font-size: small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<b><span style="font-size: small;"><span>India grants
$1 bn credit to Mongolia; deepens defence ties</span></span></b></div>
<span style="font-size: small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-size: small;"><span>i. India
today announced a US$ one billion credit line to Mongolia for infrastructure
development as they upgraded their ties to “Strategic Partnership” and agreed
to deepen defense cooperation besides exploring potential for tie ups in areas
like the civil nuclear sector.</span></span></div>
<span style="font-size: small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-size: small;"><span>ii. The
two Prime Ministers signed a joint statement committing to further consolidate
bilateral ties and upgrade the comprehensive partnership to “strategic
partnership” and agreed to renew their Treaty of Friendly Relations and
Cooperation.</span></span></div>
<span style="font-size: small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-size: small;"><span>iii. The
two sides inked 13 other pacts that includes one on enhancing cooperation in
border guarding, policing and surveillance, air services, cyber security and
new and renewable energy.</span></span></div>
<span style="font-size: small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<br /></div>
<span style="font-size: small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-size: small;"><b><span>Airtel clinches $2.5 billion Chinese financing deals</span></b></span></div>
<span style="font-size: small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-size: small;"><span>i. The
funds will help the company further diversify its global financing pool and
invest in growth of data networks.</span></span></div>
<span style="font-size: small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-size: small;"><span>ii. Bharti
Airtel has received financing commitments of up to USD 2.5 billion from China
Development Bank and Industrial and Commercial Bank of China, with an average
maturity of about nine years.</span></span></div>
<span style="font-size: small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-size: small;"><span>iii. The
company signed the term sheets for the financing options in the presence of
Prime Minister Narendra Modi, who is currently on an official visit to
China. </span></span></div>
<span style="font-size: small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<br /></div>
<span style="font-size: small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-size: small;"><b><span>Infosys to open first overseas campus in China</span></b></span></div>
<span style="font-size: small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-size: small;"><span>i. As
India pressed China to open its markets for Indian IT firms, technology major
Infosys on Sunday announced establishing its first overseas centre outside
India in China with an investment of about USD 120 million to tap in the
burgeoning Chinese market.</span></span></div>
<span style="font-size: small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-size: small;"><span>ii. An
MOU in this regard was signed between Infosys and the local Chinese provincial
government at the India-China Business Forum, which was addressed by Prime
Minister Narendra Modi in Shanghai on Sunday.</span></span></div>
<span style="font-size: small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-size: small;"><span>iii. The
development centre, to be established in China’s Guizhou province, with a staff
capacity of about 4,500 will help to focus on Chinese and global markets.</span></span></div>
<span style="font-size: small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<br /></div>
<span style="font-size: small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-size: small;"><b><span>Rome Masters 2015: Winners</span></b></span></div>
<span style="font-size: small;">

</span><br />
<ul style="text-align: left;">
<li><span style="font-size: small;"><span style="font-family: Symbol;"><span><span style="font-family: "Times New Roman"; font-feature-settings: normal; font-kerning: auto; font-language-override: normal; font-size-adjust: none; font-stretch: normal; font-style: normal; font-synthesis: weight style; font-variant: normal; font-weight: normal; line-height: normal;"></span></span></span><span>Women's Singles - Maria Sharapova</span></span></li>
<li><span style="font-size: small;"><span>Men's Singles - Roger Federer</span></span></li>
<li><span style="font-size: small;"><span>Women's Doubles - Timea Babos and Kristina Mladenovic</span></span></li>
<li><span style="font-size: small;"><span>Men's Doubles - P. Cuevas  and D. Marrero</span></span></li>
</ul>
<span style="font-size: small;"><span> Source : bankersadda </span></span><div>

</div>
</div>

GK Update | 17th May | Bankersadda

GK Update | 17th May | Bankersadda PM's social security schemes: Canara Bank rolls out awareness campaigns across Delhi i. B...

GK Update | 16th May | bankersadda

Seema

Link Author

Title: GK Update | 16th May | bankersadda
Author: Seema
Rating 5 of 5 Des:

GK Update | 16th May | bankersadda Egypt's ousted President Morsy sentenced to death i. An Egyptian court has sentenced ousted...

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<span style="color: red;"><b><span style="font-size: x-large;">GK Update | 16th May | bankersadda</span></b></span><br />
<br />
<br />

<br />
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<b style="mso-bidi-font-weight: normal;">Egypt's ousted President Morsy
sentenced to death</b></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
i. An Egyptian court has sentenced ousted President Mohammed Morsy
to death.</div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
ii. Judge Shaaban el-Shami referred his death sentence on Morsy
and more than 20 others to the nation’s top Muslim theologian, or mufti, for
his non-binding opinion.</div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<a href="https://www.blogger.com/null" name="more"></a>iii. The ousted leader already is serving a
20-year sentence following his conviction on April 21 on charges linked to the
killing of protesters outside a Cairo presidential palace in December 2012.</div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<br />
<b style="mso-bidi-font-weight: normal;">Airtel clinches $2.5 billion Chinese
financing deals</b></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
i. Bharti Airtel has received financing commitments of up to USD
2.5 billion from China Development Bank and Industrial and Commercial Bank of
China, with an average maturity of about nine years.</div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
ii. This is the single-largest bilateral commitment by China
Development Bank to any telecom operator globally and the largest bilateral commitment
to a private Indian company.</div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
iii. Bharti Airtel announced a strategic collaboration with China
Mobile, under which the two companies will work towards growth of the Long-Term
Evolution (LTE) ecosystem and evolving mobile technology standards.</div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<b style="mso-bidi-font-weight: normal;">Arun Shrivastava assumes charge
as Syndicate Bank MD and CEO<br />
</b>i. Arun Shrivastava assumed charge as Managing Director & CEO of
Syndicate Bank.<br />
ii. He was Executive Director of Bank of India, looking after Finance,
Strategy & Planning, Large Corporate & Mid Corporate Business,
Corporate Debt Restructuring, Project Finance & Syndication, Credit
Monitoring & Asset Recovery, Publicity & Public Relations portfolios of
the bank.<br />
iii. Earlier, Shrivastava was overseeing the foreign subsidiaries – BoI
Indonesia and Botswana and joint venture – India Zambia Bank.<br />
iv. He is a Certified Associate of Indian Institute of Bankers and AIBM.
He started his career as direct recruit officer in Bank of Baroda in 1979.<br />
<br />
<b style="mso-bidi-font-weight: normal;">Modi inaugurates ICICI Bank's first
branch in China</b></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
i. Top private sector lender ICICI Bank opened its first branch in
China, which was inaugurated by Prime Minister Narendra Modi. </div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
ii. The new branch would begin with 17 banking professionals
handling different functions including corporate banking, operations, finance
and treasury.</div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
iii. Some public sector banks including SBI, UCO Bank, Canara Bank
and Allahabad Bank have also expanded their presence in China in the recent
years to tap growing trade flows between the two countries.  </div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<b style="mso-bidi-font-weight: normal;">PM Modi extends e-visa for
Chinese nationals<br />
</b>i. Brushing aside objections, Prime Minister Narendra Modi announced
granting of e-visa (electronic visa also called visa on arrival) facility to
the Chinese nationals in Beijing even as he urged China to "reconsider its
approach" to issues that have long strained ties and complicated business
between the two Asian giants.</div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
ii. Pledging to improve historically weak economic links between
their countries, India and China also signed 24 deals worth over $10 billion,
including MOUs in the area of skill development, railways, establishing sister
relations between cities of the two countries among others.<br />
iii. Modi's announcement on e-visas took everyone by surprise as only a
couple of hours before had India's foreign secretary S Jaishankar said
categorically, "We are expanding it (e-visa) bit by bit. With regard to
China, no decision has been taken yet on extending e-visa."<br />
<br />
<b style="mso-bidi-font-weight: normal;">Shakuntala Gamlin takes charge as Delhi
chief secretary despite CM Arvind Kejriwal's directive<br />
</b>i. Senior Indian Administrative Service (IAS) officer Shakuntala
Gamlin on Saturday took charge as acting Chief Secretary of Delhi Government
despite being asked by the Chief Minister not to do so.<br />
ii. A senior Delhi government official said that in his letter to Gamlin,
Delhi Chief Minister Arvind Kejriwal had said that her appointment is against
the set rule.<br />
iii. Lt Governor Najeeb Jung gave the additional charge of Chief Secretary
to Gamlin, a 1984-batch IAS officer, hours after she wrote a scathing letter to
Jung claiming that she was pressurised by a senior bureaucrat in Chief
Minister's office not to be in race for the post due to her alleged proximity
to BSES discoms.<br />
<br />
<b style="mso-bidi-font-weight: normal;">Gagan Narang wins World Cup bronze,
earns India quota for Rio Olympics<br />
</b>i. Gagan Narang won the bronze medal in the 50m Rifle Prone Event of
the ISSF World Cup at Fort Benning in USA, earning himself a quota place for
the 2016 Rio Olympics.<br />
ii. Narang, who won the bronze in 10m Rifle at the London Olympics, shot
185.8 overall to secure third place behind gold medalist Michael McPhail (208.8
points) of USA and Ole Kristian Bryhn (206.3) of Norway.<br />
iii. The other quota place from the event went to McPhail.<br />
iv. Earlier in the competition, Narang and India's only individual Olympic
gold medallist Abhinav Bindra, had failed to qualify for the 10m Rifle final.<br />
v. Narang is third Indian shooter to make the Rio cut after Jitu Rai and
Apurvi Chandela.</div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
Source : bankersadda </div>
</div>

GK Update | 16th May | bankersadda

GK Update | 16th May | bankersadda Egypt's ousted President Morsy sentenced to death i. An Egyptian court has sentenced ousted...

GK Update | 15th May | Bankersadda

Seema

Link Author

Title: GK Update | 15th May | Bankersadda
Author: Seema
Rating 5 of 5 Des:

Modi's Visit to China i. Prime Minister Narendra Modi announced that India will grant e-visas to Chinese tourists. ii. Agreeme...

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<br />

<br />
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<b style="mso-bidi-font-weight: normal;">Modi's Visit to China</b></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">i. Prime
Minister Narendra Modi announced that India will grant e-visas to Chinese
tourists.</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">ii. Agreements
between India and China</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">1. Protocol
for establishment of consulates in Chengdu and Chennai</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">2. Cooperation
in vocational education and skill development and setting up of Mahatma Gandhi
institute on skill development in India</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<a href="https://www.blogger.com/null" name="more"></a><span style="font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">3.
Consultative mechanism on cooperation in trade negotiations</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">4. Cooperation
between Foreign Ministry and and Central Committee of Communist Party of China
(CCCPC)</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">5. Action plan
between national railway administration of China and Indian Railways</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">6. Memorandum
of Understanding on education exchange programme</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">7. Cooperation
in the fields of mining and minerals</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">8. Space
cooperation outline</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">9. Safety
regulations on importing Indian rapeseed meal</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">10.
Broadcasting agreement between CCTV and Doordarshan</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">11. Agreement
for cooperation in the field of tourism</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">12. Memorandum
of Understanding on establishing India-China think tanks forum</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">13. Memorandum
of Understanding between NITI Aayog and Development Research Centre</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">iii. Two MoUs
between Indian Council for Cultural Relations (ICCR) and Yunnan Minzu
University and another with Fudan University were signed on the establishment
of a yoga college and centre for Gandhian and Indian studies, respectively.</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<b style="mso-bidi-font-weight: normal;">Rajyavardhan Rathore inaugurates
India Pavilion at 68th Cannes Film Festival </b></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">i. Minister of
State for Information and Broadcasting Rajyavardhan Singh Rathore inaugurated
the India Pavilion at the 68th Cannes International Film Festival.</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">ii. The
government is channelising that objective through campaigns like 'Make in
India’ and ‘Skill India’, and realises that the film industry is an important
part of these campaigns given its tremendous potential towards job creation.</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">iii. The
session also saw unveiling of the 46th IFFI, 2015 regulations and ‘India Film
Guide’ by Rathore. </span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">iv. The India
Film Guide is a comprehensive booklet with information on policy initiatives by
the government pertaining to film sector, the listing of Indian companies at
Cannes Film Market. </span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<b style="mso-bidi-font-weight: normal;">Google in talks with Arunachal
govt for Chromebook laptops in schools</b></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">i. Global tech
giant Google is in discussions with the Arunachal Pradesh government to run a
pilot for deploying Chromebook laptops for school students.</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">ii. The pilot
is proposed to be run in schools in two cities — Itanagar and Ziro.</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">iii. Chromebook
is a laptop running Google’s Chrome Operating System. The devices are designed
to be used primarily while connected to the internet with most applications and
data residing “in the cloud”.</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<b style="mso-bidi-font-weight: normal;">SBI Launches NFC-Enabled
Contactless Debit and Credit Cards</b></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">i. State Bank
of India joined its private sector rivals to launch contactless cards using
latest near field technology (NFC).</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">ii. Called the
SBIinTouch cards, these contactless debit and credit cards are more secure and
hassle-free to use at merchant outlets or ATMs and use the NFC technology,
which enables users to make payments by waving or tapping the card near the
contactless reader instead of swiping or dipping it.</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">iii. Private
lenders ICICI Bank and HDFC Bank have already launched such NFC cards.</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">iv. Launching
the cards, SBI chairperson Arundhati Bhattachrya said the bank has already
issued 1.08 lakh new cards to its customers in the eight largest metros and the
remaining customers will get the cards in the following months.</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<b style="mso-bidi-font-weight: normal;">RBI allows transactions upto Rs
2000 without second factor authentication </b></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">i. In a move
that will promote 'tap and pay' electronic payments, the Reserve Bank of India
(RBI) said that bank can allow customers to transact with contactless card upto
Rs 2000 without customers punching a separate PIN for authentication. </span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">ii. The 'tap
and pay' refers to the use of near-field communication ( NFC) technology,
enabling users to make payments by waving or tapping the card near the
contactless reader instead of swiping it. </span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">iii. Prior to
this relaxation, after tapping the card at a point of sale machines, the
customer had to punch their PIN number as an additional factor authentication
to avoid any chances of fraud. </span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">iv. Tap and
pay refers to the use of near field communication technology in payment cards
where instead of the traditional swiping of the card and punching in payment
details, all the customer needs to do is wave a card in front of an acceptance
device for the bill to be settled.</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<b style="mso-bidi-font-weight: normal;">MHRD Gave Nod For Setting Up IIIT
in Nagpur, Maharashtra</b></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">i. Union
Ministry of Human Resource Development (MHRD) gave an in-principle approval for
setting up an IIIT (Indian Institute of Information Technology) in Nagpur,
Maharashtra.</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">ii. It will be
the first IIIT to be set up in the state.</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">iii. The IIIT
will join a batch of national institutes which are set to come up in the city,
namely the All India Institute of Medical Sciences (AIIMS) and Indian Institute
of Management (IIM).</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">iv. The
setting up of these higher educational institutions in Nagpur is aimed at
improving educational infrastructure in the backward Vidarbha region.</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<b style="mso-bidi-font-weight: normal;">Tejaswini Sagar wins gold at
Under-15 World School Chess Championship</b></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">i. Talented
Indian youngster Tejaswini Sagar won her maiden world title bagging the gold in
the under-15 category of World School Chess Championship that concluded in
pattaya.<br />
ii. Needing a last round win and one favourable result, the Aurangabad-girl
defeated Kavinya Miyuni Rajapaksa of Sri Lanka in the ninth and final round.<br />
iii. Tejaswini was aided by the result on the top board as overnight leader
Irina Barbayeva of Russia lost to Alisa Kozybayeva of Kazakhstan in the final
clash.<br />
iv. For the record, Tejaswini scored seven points out of a possible nine,
winning six, drawing two and losing one game.</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-size: 10.0pt; mso-bidi-font-size: 11.0pt;"><br style="mso-special-character: line-break;" />
Source : bankersadda<br style="mso-special-character: line-break;" />
</span></div>
</div>

GK Update | 15th May | Bankersadda

Modi's Visit to China i. Prime Minister Narendra Modi announced that India will grant e-visas to Chinese tourists. ii. Agreeme...

Gk Update | 14th May | bankersadda

Seema

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Title: Gk Update | 14th May | bankersadda
Author: Seema
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Punjab becomes first state to issue Soil Health Cards to farmers i. Punjab has become the first state in India to issue Soil Health ...

<br />
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: justify;">
<span style="font-size: small;"><b><span style="background-color: white;"><span style="background-attachment: scroll; background-clip: border-box; background-image: none; background-origin: padding-box; background-position: 0% 0%; background-repeat: repeat; background-size: auto auto; font-family: "Arial","sans-serif";">Punjab becomes first state to issue Soil Health
Cards to farmers</span></span></b></span><span style="color: black; font-family: "Arial","sans-serif"; font-size: 7.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: x-small;"><span style="color: black; font-family: "Arial","sans-serif";">i. Punjab has become the first state in India to issue Soil Health Cards
(SHCs), a Union Government initiative to all farmers in the state.</span></span></div>
<span style="font-size: x-small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: x-small;"><span style="color: black; font-family: "Arial","sans-serif";">ii. In this regard, every district of state has been assigned mobile
soil testing lab. These labs will take soil sample from every farm and issue a
digitalised soil health details.</span></span></div>
<span style="font-size: x-small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: x-small;"><a href="https://www.blogger.com/null" name="more"></a><span style="color: black; font-family: "Arial","sans-serif";">iii. Presently, state government has 66
such laboratories and has capability to test 3.5 lakh soil samples annually.
State government also has made mandatory for these labs to check soil health on
quarterly basis.</span></span></div>
<span style="font-size: x-small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: x-small;"><span style="color: black; font-family: "Arial","sans-serif";">iv. It will help farmers in maintaining the balanced health structure of
the soil and educate them to use right quantity of fertilisers in order to
prevent soil from becoming arid.</span></span></div>
<span style="font-size: x-small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: x-small;"><span style="color: black; font-family: "Arial","sans-serif";">v. Prime Minister Narendra Modi had formally launched the nationwide
‘Soil Health Card’ Scheme in Februrary 2015 in Suratgarh, Rajasthan.</span></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: justify;">
<span style="font-size: small;"><span style="background-color: white;"><b><span style="background-attachment: scroll; background-clip: border-box; background-image: none; background-origin: padding-box; background-position: 0% 0%; background-repeat: repeat; background-size: auto auto; font-family: "Arial","sans-serif";">Disinvestment: Cabinet nod for IOC, NTPC stake sale
may fetch Rs 13,600 crore</span></b></span></span><span style="color: black; font-family: "Arial","sans-serif"; font-size: 7.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: x-small;"><span style="color: black; font-family: "Arial","sans-serif";">i. The government will sell its 10 per cent stake in blue-chip Indian
Oil Corporation (IOC) and 5 per cent in power producer NTPC to mop up about Rs
13,600 crore in this fiscal’s first disinvestment approval.</span></span></div>
<span style="font-size: x-small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: x-small;"><span style="color: black; font-family: "Arial","sans-serif";">ii. The approvals are part of Rs 41,000 crore disinvestment target for
the current financial year.</span></span></div>
<span style="font-size: x-small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: x-small;"><span style="color: black; font-family: "Arial","sans-serif";">iii. Buoyed by diesel price deregulation, the government is looking at selling
stake in Indian’s largest fuel retailer IOC for the second time in 13 months.
Sale of 24.27 crore shares, or 10 per cent stake, in IOC would mop up close to
Rs 8,000 crore at current market price.</span></span></div>
<span style="font-size: x-small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: x-small;"><span style="color: black; font-family: "Arial","sans-serif";">iv. Decision in this regard was taken by Union Cabinet Meeting chaired
by Prime Minister Narendra Modi in New Delhi. </span></span></div>
<span style="font-size: x-small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: x-small;"><span style="color: black; font-family: "Arial","sans-serif";">v. Currently, Union government holds 74.96 per cent in NTPC and 68.57
per cent in IOC.</span></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: justify;">
<span style="background-color: white;"><span style="font-size: small;"><b><span style="background-attachment: scroll; background-clip: border-box; background-image: none; background-origin: padding-box; background-position: 0% 0%; background-repeat: repeat; background-size: auto auto; font-family: "Arial","sans-serif";">Lok Sabha passes Negotiable Instruments (Amendment)
Bill</span></b></span></span><span style="color: black; font-family: "Arial","sans-serif"; font-size: 7.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: x-small;"><span style="color: black; font-family: "Arial","sans-serif";">i. The Lok Sabha passed the negotiable Instruments (Amendment) Bill,
which aims at making filing of cases more convenient for payees if cheques
bounce.</span></span></div>
<span style="font-size: x-small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: x-small;"><span style="color: black; font-family: "Arial","sans-serif";">ii. The government faced questions from its own members and allies over
whether the Bill's provisions could be used by corporates to harass common people.</span></span></div>
<span style="font-size: x-small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: x-small;"><span style="color: black; font-family: "Arial","sans-serif";">iii. The Bill was passed by a voice vote, with Minister of State for
Finance Jayant Sinha insisting that it would boost the "integrity of
financial system" and not lead to the harassment of the common man.</span></span></div>
<span style="font-size: x-small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: x-small;"><span style="color: black; font-family: "Arial","sans-serif";">iv. The Bill was necessitated due to a Supreme Court order that cases
against those having defaulted on their cheque payments could only be filed in
courts under whose jurisdiction the bank account of the accused fell.</span></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: justify;">
<span style="background-color: white;"><b><span style="font-size: small;"><span style="background-attachment: scroll; background-clip: border-box; background-image: none; background-origin: padding-box; background-position: 0% 0%; background-repeat: repeat; background-size: auto auto; font-family: "Arial","sans-serif";">RBI plans IT wing as financial crimes rise in cyber
space </span></span></b></span><span style="color: black; font-family: "Arial","sans-serif"; font-size: 7.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: x-small;"><span style="color: black; font-family: "Arial","sans-serif";">i. The Reserve Bank is planning to set up an information technology wing
to face the rising challenges coming from the cyber world.</span></span></div>
<span style="font-size: x-small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: x-small;"><span style="color: black; font-family: "Arial","sans-serif";">ii. It can be noted that online frauds in the financial sector have been
on the rise and hundreds of gullible people have been defrauded by crooks,
using their stolen credit and debit card information. </span></span></div>
<span style="font-size: x-small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: x-small;"><span style="color: black; font-family: "Arial","sans-serif";">iii. The cyber thieves have even been using RBI logos to send out mails
to cheat customers. </span></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: justify;">
<span style="font-size: small;"><span style="background-color: white;"><b><span style="background-attachment: scroll; background-clip: border-box; background-image: none; background-origin: padding-box; background-position: 0% 0%; background-repeat: repeat; background-size: auto auto; font-family: "Arial","sans-serif";">India way behind on WHO health targets</span></b></span></span><span style="color: black; font-family: "Arial","sans-serif"; font-size: 7.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: x-small;"><span style="color: black; font-family: "Arial","sans-serif";">i. India has met only four of ten health targets under the Millenium
Development Goals (MDG).</span></span></div>
<span style="font-size: x-small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: x-small;"><span style="color: black; font-family: "Arial","sans-serif";">ii. The report finds that globally, life expectancy at birth has
increased by six years for both men and women since 1990. </span></span></div>
<span style="font-size: x-small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: x-small;"><span style="color: black; font-family: "Arial","sans-serif";">iii. Since 1990, child deaths have almost halved — falling from an
estimated 90 deaths per 1000 live births to 46 deaths per 1000 live births in
2013. Yet the world will not achieve the MDG target of reducing the death rate
by two-thirds. </span></span></div>
<span style="font-size: x-small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: x-small;"><span style="color: black; font-family: "Arial","sans-serif";">iv. In India, life expectancy grew by eight years between 1990 and 2013.
While India has sharply reduced its infant mortality between 2000 and 2013, it
still contributes for the most infant deaths globally. Non-communicable
diseases are the top killers, followed by communicable diseases and injuries.</span></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: justify;">
<span style="background-color: white;"><span style="font-size: small;"><b><span style="background-attachment: scroll; background-clip: border-box; background-image: none; background-origin: padding-box; background-position: 0% 0%; background-repeat: repeat; background-size: auto auto; font-family: "Arial","sans-serif";">WPI inflation dips to record (-)2.65 per </span></b></span></span><span style="color: black; font-family: "Arial","sans-serif"; font-size: 7.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: x-small;"><span style="color: black; font-family: "Arial","sans-serif";">i. Deflationary pressure continued for the sixth month in a row with
inflation dropping to a new low of (-)2.65 per cent in April, mainly on account
of decline in prices of fuel and manufactured items even as food prices
increased.</span></span></div>
<span style="font-size: x-small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: x-small;"><span style="color: black; font-family: "Arial","sans-serif";">ii. Inflation, as measured on the Wholesale Price Index (WPI), has been
in the negative zone since November, 2014.</span></span></div>
<span style="font-size: x-small;">

</span><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: x-small;"><span style="color: black; font-family: "Arial","sans-serif";">iii. The deflationary trend has bolstered the case for a rate cut by the
Reserve Bank, as retail inflation has also eased and industrial production is
down.</span></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: x-small;"><span style="color: black; font-family: "Arial","sans-serif";">Source : bankersadda </span></span></div>
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Gk Update | 14th May | bankersadda

Punjab becomes first state to issue Soil Health Cards to farmers i. Punjab has become the first state in India to issue Soil Health ...

Paper Crackers

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Gk Update | 14th May | bankersadda

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