Professional Documents
Culture Documents
(Note: This power capsule has been compiled by Research & Development team of Bank Power
Institute, Delhi along with inputs from Senior Faculty members, keeping in mind the upcoming
exam of SBI PO. This capsule contains important information related to banking terms, economy,
current affairs and other important events which might be asked in SBI PO Exam)
RBI hiked the investment limit in government
BANKING NEWS securities by FIIs and long-term investors $25 billion
Current RBI Rates from $20 billion and in corporate bonds $50 billion
a. CRR – 4 % b. SLR – 23% c. Repo Rate – 7.5 % from $45 billion.
d. Reverse Repo– 6.5% e. MSF– 8.5% RBI has extended the date for implementation of
f. Bank Rate – 8.5% Basel III by three months i.e., from 1 Jan to 1 April,
2013.
RBI’s guidelines for new bank licenses: Reserve Bank of India (RBI) signed a Memorandum of
Bank should have 49% cap on foreign holding in new Understanding (MoU) with the State Bank of Vietnam
banks and minimum paid-up equity capital is Rs 500 (SBV) for promoting greater co-operation and sharing
Crores. supervisory information, between the two
New banks will have to set up 25% of its branches in supervisors.
unbanked rural areas. In order to promote lending to priority sectors, the
Existing NBFCs, if considered eligible, may be Reserve Bank has allowed urban co-operative banks
permitted to promote new banks or convert (UCBs) to grant unsecured loans up to 25 % of their
themselves into banks. assets if certain conditions are met.
The paid-up equity capital should be Rs 500crore and
they will have to get listed within three years of
operations.
The Reserve Bank of India has issued a new series of
50 paisa coins with the rupee symbol and new security
features to facilitate easy recognition.
The revised expenditure target is Rs 14,30,825 crore. Tax free bonds issue to be allowed up to Rs 50,000 crore
Rs 500 crore would be allocated for addressing in 2013-14 strictly on capacity to raise funds from the
environmental issues faced by textile industry. market.
Relief of Rs 2,000 for tax payers in tax bracket of Rs. 2-5 Current year's economic growth rate will be
lakh. below India's potential growth rate of 8 %.
24.3 % hike in expenditure for health care both rural Concessional 6% interest on loans to weavers.
and urban health mission.
Headline WPI inflation to 7 % and core inflation to 4.2 Fiscal Deficit:
%. Fiscal deficit seen at 5.2 % of GDP in 2012/13.
Average economic growth rate in 11th Plan period is 8 Fiscal deficit seen at 4.8 % of GDP in 2013/14.
%, highest ever in any Plan period. Fiscal deficit to 3 % by 2016/17
Food grain production in 2012-13 will be over 250
million tons. Revenue Deficit:
Rs 14,873 crore for JNNURM for urban transportation in Revenue Deficit seen at 3.9 % 2012-13.
2013-14 against Rs 7,880 crore in the current fiscal. Revenue Deficit seen at 3.3 % 2013-14.
Rs 5,284 crore to various Ministries Revenue deficit to 1.9% by 2016-17.
for scholarships for SC/ST, OBC and minority students.
SPORTS
Tennis
Australian Open 2013:
Men Single- Novak Djokovic(Serbia) bt Andy
Murray(Britain).
Women Single-Victoria Azarenka bt Li Na( china)
Men Double- Bob & Mike Byan bt Robin haase & Igor
Sijsling.
Women Double- Sara Errani and Roberta Vinci(Italy) bt
Ashlegh Barty and Casey Dellaqua
US Open 2012:
Men Single- Andy Murray bt Novak Djokovic
Women Single-Serena Williams bt Victoria Azarenka
K Venukuttan Nair - a well known theatre personality as Men Double- Bob and Mike Bryan won bt Leander paes
well as the Malayalam film actor. and Radek Stepanek.
Dave Brubeck- the Renowned Jazz Pianist and Women Double- Sara Errani and Roberta Vinci(Italy)
Composer. Wimbledon 2012
I K Gujral - Ex PM of India. Men Singles - Roger Federer bt Andy Murray
Vedantam - Eminent Kuchipudi dancer. Women Singles - Serena Williams bt Agnieszka
Anthony Lewis - Pulitzer Prize-winner. Radwanska
Lilian Davies - Swedish Princess. Men Doubles - Jonathan Marray and Frederik Nielsen bt
Kallam Anji Reddy - Dr Reddy's Laboratories Founder. Robert Lindstedt and Horia Tecau
th
Zillur Rahman - Bangladesh’s 19 President . Women Doubles - Serena Williams and Venus Williams
James Herbert -British horror author. bt Andrea Hlavackova and Lucie Hradecka
Phil Ramone - Iconic music producer. Mixed Doubles- Mike Bryan and Lisa Raymond bt
Actor Richard Griffiths - the Renowned Vernon Dursley Leander Paes-Elena Vesnina
of Harry Potter. th
Soraya Jimenez - Mexican weightlifter . London Olympics 2012(30 summer Olympics)
Pietro Mennea - Italian Athlete. Highest Medal:
1 US: 104 Medals (46 G+29 S+ 29 B),
st
Viren J Shah - Former West Bengal Governor.
2 China: 88 Medals (38 G+27 S+ 23 B)
nd
Prof Veer Bhadra Mishra - Noted Environmentalist.
55 India: 6 Medals (2 S +4 B)
th
B Satyanarayana Reddy-Freedom fighter and former
Governor of Uttar Pradesh INDIA MEDEL IN LONDON OLOMPIC
Yash chopra-Film Maker Name Medel Sport Event
Men's 10m
Jaspal Bhatti-Comedian and satirist Gagan Narang Bronze Shooting Air Rifle
Pt.Ravi Shankar- Music Composer Men's 25
Joy Mukherjee- Film Actor Rapid Fire
Vilas Rao Deshmukh-Union Science and Technology Vijay Kumar Silver Shooting Pistol
Women's
Minister Saina Nehwal Bronze Badminton Women's
singles
Mehdi hassan-Ghazal legend Mary Kom Bronze Boxing flyweight
Dara Singh-Film Actor Yogeshwar Men's 60 kg
Rajesh Khanna- Film Actor Dutt Bronze Wrestling Men's
Freestyle66 kg
Bingu wa Mutharika-Malawi’s President Sushil Kumar Silver Wrestling Freestyle
Ahmed Ben Bella- first President of Algeria Women’s Hockey- Netherlands bt Argentina
R.H. Patil- First MG of NSE Men’s Hockey- Germany beat Netherlands
Mrinal Gore-Social Activist In Men’s Basketball, US beat Spain to win gold
P.M.Rungta-Director of BCCI Andy Murray(Eng) defeated Roger Federer (Switzerland)
A.K. Hangal-Film Actor to clinch tennis men’s singles gold
Neil Armstrong-first man to set foot on the moon (From Mascots for London Olympics were Wenlock and
US) Mandeville.
Meles Zenawi-Ethopia Prime Minister Wenlock was mascot for Olympics and Mandeville was
Verghese Kurien- Founder of white revolution(Amul mascot for Paralympics.
Milk) Next: Rio de Janeiro, Brazil in 2016
Ranganath Misra -Former Chief Justice of India Winner Asian Chess Championship 2012 – Parivarjan
K.S. Sudarshan – Former RSS Chief Negi.
Brajesh Mishra – First National Security Advisor of India Serena Williams named WTA Player of the Year 2012
after winning Wimbledon
The Things About Thugs — Tabish Nair Attended by:SM Krishna(Forgien Minister)
The Test of My Life'- Indian cricketer Yuvraj singh 13 Summit 2013-Kyrgyzstan
th
“Those were the Day and then-The Life & Times of Lal
Krishna Advani”-Mira Govind Advani
Turning Points-APJ Abdul Kalam
What Young India Wants – Chetan Bhagat
Ye Jo Hai Pakistan'- Shivendra Kumar Singh.
BRICS Summit
Country: Brazil, Russia, India, China, South-Africa.
4 Summit 2012: New Delhi
th
UN biodiversity meet in 2014 -South Korea assistance Rs. 70000 for plain areas and Rs. 75000 for
Third Worldwide Cybersecurity Summit - New Delhi hilly areas) previously it was Rs. 40000 for plain areas
9th World Hindi Conference- Johannesburg (South and Rs. 45000 for hilly areas.
Africa). Theme: “Bhasha Ki Asmita Aur Hindi Ka Vaishvik
Sandarbh”.
www.bankpower.in | www.bankersadda.com | www.sscpower.in
To provide telephone connectivity to all villages and all Scheme has 7 components like address, PAN no.,
BPL holders by 2012. Passport no., retinal identity etc, It consists of 12 digit
Note: All these objectives are extended till 2014. number.
Chairman: Nandan Nilkani
JNNURM: Jawaharlal Nehru National Urban Renewal NFSM: National Food Security Mission
Mission This scheme is to reduce the poverty in India under
It was implemented and extended in two phases i.e., national social assistance programme.
(2005 - 2012), (2012 - 2014) Under Public Distribution System (PDS), government will
Started in the year 2005 to make million plus cities provide rice @ Rs. 3/kg, wheat @ Rs. 2/kg to the BPL
squatter (Slam area) free. households.
There are 2 components
a) To construct pakka houses for urban poor dwelling in IGNOAPS: Indira Gandhi National Old age Pension Scheme
squatter under Rajiv Awas yojana. This Scheme is for the people who aged above 65 years.
b) To make transportation system faster and greener. The amount of Rs. 400 per month (Central govt + State
govt = Rs. 200 + Rs. 200) will be provided by both
NRHM: National Rural Health Mission Central government and State government who aged
It was started on 12 April 2005 to enhance the health
th
between 65 – 80 years.
facilities in rural areas. Rs. 500 per month (Central govt + State govt = Rs. 250 +
The appointment of ASHA workers (Accredited social Rs. 250) for the people who aged more than 80 years.
health activist) in Angonwadi Kendra to provide basic
information on health and hygiene conditions as well as IGNWPS: Indira Gandhi National Widow Pension Scheme
to guide people regarding conservation of water. The beneficiary is in between age group of 40-64 years
in this scheme.
MGNREGA: Mahatma Gandhi National Rural Employment Assistance of Rs. 400 per month (Central govt + State
Guarantee Act govt = Rs. 200 + Rs. 200) will be given to particular
It was on started on 2 Feb 2006 to provide minimum
nd
person.
st
150 days from 1 April 2013 (previously its is 100 days)
of employment to BPL house hold.
This scheme is both for Urban and Rural areas.
The old name of this scheme is NREGA and it was
nd
changed to MGNREGA on 2 Oct 2009.
The wages under the scheme is fixed on the basis of CPI-
AL (Consumer Price Index for Agricultural Labourers)
which is calculated by the state government on the basis NFBS: National Family Benefit Scheme
of their Per capita Income. Under this scheme a grant of Rs. 10000 is given in case
of natural and accidental death of the primarily
UIDAI: Unique Identification Authority of India. breadwinner of the family (he/she) of BPL households.
It was started in the year 2010 to provide multipurpose
national identity card (MNIC) to every citizen aged ANNAPURNA:
above 5 years. Under this scheme 10 kg of food grains are provided to
Its name has been changed to Aadhar. BPL households free of cost every month.
Its model state was Karnataka (started) But for this scheme the particular beneficiary shouldn’t
The retinal identification is taken from the age group of be registered with IGNOAPS.
14 and above.
IMPORTANT COMMITTEES
Sr no. Committee Name Acted for
1. B. Shivraman Committee NABARD
2. Ms. Swami Nathan Committee Father of Green Revolution
3. Abid Hussain Committee Small Industry Reform
4. Radha Krishna Committee National Rural Livelihood Mission
5. Tarapore Committee On Capital A/C Convertibility
6. Narshiman Home Committee SEBI Establishment
7. Hazari Samiti Committee Nationalization of Banks
8. Hilton & Young Committee establishment of RBI (1926)
9. Herar & Domor Committee Five Year Plan
10. K.C. Niyogi Committee Planning Commission / Financial Commission
11. C.Rangrajan Committee Financial Inclusion Policy
12. Jeevan Reddy Committee Armed Forces Special Power Act.
13. Suresh Tendulkar Committee Poverty
14. J.J. Irani Committee Company Law
15. Nanawati Ayog Committee 1984 Shikhs Riots & Gujrat Riots
16. Parikh Committee Hike Petroleum Prices
17. Khusro Committee Merger RRBs with their sponsor Banks
18. Y.H. Malegam Committee Micro Financial / Int. on Micro financial Loan
19. Libraham Committee Babri Masjid Kand
20. U.C. Banerjee Committee Godra Railway Riots
21. S.Chakerverty Committee Fiscal Deficit Concept
22. Yashpal Committee Review of School Education on System
23. Y.V. Reddy Committee Liquidity Aggregate M3+M4
24. Kelkar Committee DTC (Direct Tax Code)
25. Narshiman, K.C.Chakarverty Committee Banking Sector Reforms
26. Ghosh Committee Bannk should obtain Photography in Deposit A/V
27. C.S. Murthy Committee Priority Sector Lending Targets
28. All India Rural Survey Committee State Bank Of India
29. Damodar P. Committee Customer Services in Banks
30. Shayamala Committee Review of National Small Saving Fund (NSSF)