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of 100 for each category. The selection will be made from the top merit ranked candidates in each
category
No. Name of Tests (Objective) Questions Marks
Total
Time
1
2
3
4
Test of Reasoning
50
50
Test of English Language 50
50
2 Hours
Test of Numerical Ability 50
50
Test of General Awareness 50
50
Total
200
200
Note:- i) The above tests except the Test of English Language will be available bilingually, i.e. English and Hindi.
ii) A candidate has to qualify in each part of the Objective test separately. There will be negative marks for wrong
answers in the Objective tests. 1/4th marks will be deducted for each wrong answer. Candidates will have to pass in
each of the objective tests.
The State Bank of India and all its associate banks are identified by the same blue keyhole logo.
On October 7, 2013, Arundhati Bhattacharya became the first woman to be appointed Chairperson of the
bank.
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History of RBI
The bank traces its ancestry to British India, through the Imperial Bank of India, to the founding, in 1806, of the
Bank of Calcutta, making it the oldest commercial bank in the Indian Subcontinent. Bank of Madras merged
into the other two "presidency banks" in British India, Bank of Calcutta and Bank of Bombay, to form the
Imperial Bank of India, which in turn became the State Bank of India.Government of India owned the Imperial
Bank of India in 1955, with Reserve Bank of India (India's Central Bank) taking a 60% stake, and renamed it the
State Bank of India. In 2008, the government took over the stake held by the Reserve Bank of India.
State Bank of India is a regional banking behemoth and has 20% market share in deposits and loans among
Indian commercial banks.
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NATIONAL
Lok Sabha Passed Goods and Services Tax Bill 2014
Lok Sabha on 6 May passed the Goods and Services Tax (GST) Bill, 2014 which is also known
as Constitution (122nd Amendment) Bill. The Bill seeks to amend the Constitution in order to
introduce the Goods and Services Tax (GST). Consequently, the bill also seeks to carry out new
indirect tax regime in the country that will subsume various central and state levies like sales tax,
excise and service tax except taxes on the supply of alcoholic liquor for human consumption and
petroleum products.Transition from the traditional taxation to GST will boost Indias growth by
up to 2.5 percentage points.
PM Narendra Modi Launches Three Social Security Schemes
Prime Minister Narendra Modi on 9 May launched three mega social security schemes in
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Kolkata, West Bengal. The schemes were launched simultaneously at 115 places in the country
with Central and State Chief Ministers and senior ministers attending the functions.
1) Pradhan Mantri Jeevan Jyoti Yojana (PMJJBY)
2) Pradhan Mantri Suraksha Bima Yojana (PMSBY)
3) Atal Pension Yojana (APY)
1) Atal Pension Yojana (APY) :- Under APY scheme, the pension subscribers will receive a
fixed minimum monthly pension ranging from 1,000 rupees to 5,000 rupees at the age of 60
years. The fixed minimum monthly pension will be depending on the contributions subscribers.
The minimum age of joining 18 years and maximum age is 40 years. Focus of APY To target
unorganised sector workers.
2) Pradhan Mantri Jeevan Jyoti Yojana (PMJJBY):- Under the PMJJBY, the insurance
subscriber will get an annual life insurance in case of death. Eligibility Available any person in
the age group of 18 to 50 years having a bank account. Risk Coverage 2 Lakh rupees in case of
death due to any reason. Payment Mode of premium 330 rupees per annum will be directly
auto-debited by the bank from the subscribers account.
3) Pradhan Mantri Suraksha Bima Yojana (PMSBY):- Under the PMSBY, the insurance
subscriber will get annual life insurance in case of accidental death, partial disability or full
disability. Eligibility Available to any person in the age group 18 to 70 years. Risk Coverage
For accidental death and full disability 2 Lakh rupees For partial disability 1 Lakh rupees.
Payment Mode of premium 12 rupees per annum will be directly auto-debited by the bank
from the subscribers account in case of long-term option.
Parliament Passed Black Money Bill
The Rajya Sabha on 13 May passed the Black Money Bill. It was earlier passed by the Lok
Sabha on 11 May 2015. According to the new Bill those who conceal income and assets, and
indulge in tax evasion in relation to foreign assets can face rigorous imprisonment of up to 10
years. They will also be liable to face a penalty of 300 per cent of taxes on the concealed income
and assets.
PM Narendra Modi Launched Doordarshans Farmer-Centric Kisan TV Channel
Prime Minister Narendra Modi on 26 May launched Indias first television channel DD Kisan
dedicated to farmers in New Delhi. This 24-hour channel is initially in Hindi and is dedicated to
agriculture and allied sectors of India. It seeks to disseminate real-time inputs to farmers on new
farming techniques, water conservation and organic farming among other information.
STATES
BHEL commissioned 195 MW Thermal Unit of KBUNL In Bihar
State-owned electrical equipment maker Bharat Heavy Electricals Limited (BHEL) on 4 May
commissioned a 195 MW thermal unit of Kanti Bijlee Utpadan Nigam Limited (KBUNL) in
Muzaffarpur, Bihar. This was the first 195 MW unit to be commissioned by BHEL at the 2195
MW Muzaffarpur Thermal Power Station (TPS) Plant of KBUNL.
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CONFERENCES
6th National Conference on Nuclear Energy
Nuclear Energy6th National Conference on Nuclear Energy was held in New Delhi on 15 May
2015. The Conference was organised by ASSOCHAM with the theme Nuclear Energy: a Clean
Energy option. The conference discussed the issue related to the status of Nuclear Energy in
India. India is on course to double its nuclear power generation capacity to more than 10,000
mega watts (MW) over the next five years i.e. 2020.Nuclear power plants account for 3.5% of
Indias current electricity generation, and its share in Indias future electricity generation will be
less than 10% even if the installed capacity is tripled.
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and rights activist Mazen Darwish. The award was presented in Latvia on the occasion of the
World Press Freedom Day in recognition of the work he has carried out in Syria for more than
ten year as a human rights defender and a journalist.
Pranab Mukherjee Presents Florence Nightingale Awards To 35 Nurses
President Pranab Mukherjee on 12 May conferred the National Florence Nightingale Awards to
35 nursing personnel from across the country on the occasion of International Nurses Day.The
Florence Nightingale Award was established by the Union Health Ministry to honour the selfless
services rendered by Nurses with devotion, sincerity, dedication and compassion.
Laszlo Krasznahorkai Won Man Booker International Prize 2015
Hungarian writer Laszlo Krasznahorkai has been announced as the winner of the sixth Man
Booker International Prize 2015. He was announced the winner at an award ceremony at the
Victoria and Albert Museum in London on 20 May 2015. The prize, worth 60,000, is awarded
every two years for an achievement in fiction on the world stage. The Man International Booker
Prize is awarded to a living author of any nationality who has published fiction either in English
or in English translation.
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ECONOMY
56 Indian Companies Among Forbes Global 2000 List
US magazine Forbes on 6 May released Global 2000 Companies list. According to the list, India
is home to 56 of the worlds 2000 largest and most powerful public companies.The list is topped
by US (579 companies), followed by China (232 companies) and Japan (218 companies).
Reliance Industries, the topmost India company is ranked 142 on the list, down from last years
135th spot.
SBI launches RuPay Platinum Debit Card
Indias largest lender State Bank of India (SBI) on 7 May launched State Bank RuPay Platinum
debit card in association with National Payment Corporation of India (NPCI). Initially, the card
will be issued free to customers maintaining a quarterly balance of 50000 rupees. The RuPay
card is accepted at all payment channels like ATMs, PoS and eCommerce.
Forbes Worlds 10 Biggest Consumer Financial Services Firms
Mortgage lender HDFC has emerged as the only Indian company among the worlds 10 biggest
consumer financial services firms, after giants like American Express, Visa and Mastercard.
HDFC is ranked 7th on the list, compiled by business magazine Forbes, where American Express
is placed on the top followed by Capital One Financial, Visa, Discover Financial Services and
Orix in the top-five.
Four Indians Among Forbes worlds 100 Most Powerful Women
SBI Chief Arundhati Bhattacharya, ICICI bank head Chanda Kochhar, Biocon founder Kiran
Mazumdar-Shaw and HT Media Chair Shobhana Bhartia were listed in the 12th Forbes100
Most Powerful Women List, which was released on 26 May . Arundhati Bhattacharya ranked
30th on the list, followed by Kochhar on the 35th spot, Mazumdar-Shaw (85) and newcomer on
the list Bhartia is on the 93rd spot.The worlds most powerful woman in the list is German
Chancellor Angela Merkel who fetched the first spot.
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PERSONS IN NEWS
A) APPOINTMENTS
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to augment bilateral co-operation between the two countries. 24 agreements worth over 10
billion dollars were signed after Prime Minister Narendra Modi held talks with Chinese premier
Li Keqiang at Beijing. In the visit, Narendra Modi announced electronic or e-visas for Chinese
tourists. As many as 26 business agreements worth over USD 22 billion were signed on 16 May
between Indian firms including Adani group, Bharti Airtel and Welspun and thier Chinese
counterparts. Both the countries will also establish Additional Consulate General. Both the
countries have also agreed to establish China-India think tank forum and three sister cities.
E)MISCELLANEOUS
Pablo Picassos Women of Algiers Sells For World Record $179m at Auction
A painting by surreal Spanish artist Pablo Picasso has set a new world record for the most
expensive artwork to be sold at auction after reaching $179m (115m) in New York on 12
May.The previous world record was 92m, set for a triptych by British artist Francis Bacon
again at Christies in 2013.Picassos painting depicts nude and semi-nude women and is part of a
15-work series the artist created between 1954-55.
PLACES IN NEWS
Tunisians Unfurled Worlds Largest Flag
Worlds largest flag was unfurled at an event in Ong Jmel in the southern desert area of Tunisia.
Tunisian national flag of the size of 19 football pitches was unfurled in a bid to set a Guinness
World Record and promote patriotism in the face of Islamist extremism. The flag of 104,544
square metre was made using 80 kilometres of fabric and weighed arounf 12.6 tonnes.
ABBREVIATIONS
PMSBY Pradhan Mantri Suraksha Bima Yojana
PMJJBY Pradhan Mantri Jeevan Jyoti Yojana
APY Atal Pension Yojana
Wi-Fi Wireless Fidelity
DARPA Defense Advance Research Project Agency
BOOKS IN NEWS
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COMMITTEES
Vijay Kelkar Committee To Revisit PPP infra Model
Union government on 26 May constituted a 10-member committee to review and revitalise
Public Private Partnership (PPP) mode of infrastructure development. The committee will be
chaired by under former finance secretary Vijay Kelkar and submit its report within a period of 3
months from the date of its Constitution. The Kelkar committee will review the PPP policy and
suggest a better risk-sharing mechanism between private developers and the government after
analysing such projects in different.
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following the 2013 civil nuclear deal between India and Canada, was signed after
comprehensive talks Prime Minister Narendra Modi had with his Canadian counterpart
Stephen Harper. Canada is the third country to supply uranium to India after Russia and
Kazakhstan.
4. India Ranks 5th On Global E-Waste Monitor 2014 List
According to the Global E-Waste Monitor 2014compiled by United Nation(UN)s think tank
United Nations University (UNU), India is the fifth biggest producer of e-waste in the world,
discarding 1.7 million tonnes (Mt) of electronic and electrical equipment in 2014.India came
in fifth, behind the US, China, Japan and Germany.
NATIONAL
1. PM Narendra Modi Launched Indias First National Air Quality Index
The National Air Quality Index (NAQI) was launched for the first time in India by Prime
Minister Narendra Modi on 6 April 2015 primarily for assessing the quality of air in major
urban centres across the country on a real-time basis. This National Air Quality Index will
provide information on the quality of air in 10 major cities in the country on a real-time
basis.The ten cities where the quality of air can be monitored are Delhi, Agra, Kanpur,
Lucknow, Varanasi, Faridabad, Ahmedabad, Chennai, Bangalore and Ahmedabad.
2. Union Government Notified NJAC 2014
The Union Government on 13 April 2015 notified the National Judicial Appointments
Commission (NJAC) Act, 2014 and the Constitution (Ninety-ninth Amendment) Act, 2014.
The NJAC Act and 99th Amendment Act were notified in exercise of the powers conferred by
sub-section (2) of section 1 of the Act. With this new law the collegium system to appoint
members to the higher judiciary has come to an end. Now President will appoint judges in the
Supreme Court (SC) and 24 High Courts (HCs) in consultation with the NJAC.
3. MHA renames Visa On Arrival Scheme To E-Tourist Visa
Union Ministry of Home Affairs (MHA) on 14 April decided to rename Tourist Visa on
Arrival-Electronic Travel Authorization (TVoA-ETA) scheme as e-Tourist Visa (eTV)
scheme.
4. Rajya Sabha Passed Transgenders Rights Bill
The Rajya Sabha on 24 April passed a bill that seeks equal rights for the transgenders.The
Rights of Transgender Persons Bill 2014 was introduced by DMK MP Tiruchi Siva. It was
the first private members bill to be passed by the Upper House in 45 years. The last time the
Lok Sabha passed a private members bill was in 1970. In the Rajya Sabha a private
members bill was passed in 1969.
5. Railways Launches Mobile App for Paperless Ticketing of Unreserved Category
The Railway Ministry has launched utsonmobile, a mobile application for paperless
unreserved tickets. The application service was launched by Union Railway Minister Suresh
Prabhu on 22 April in New Delhi. This application will allow its passenger to buy a ticket on
the move and to board the train with the ticket secured on his mobile phone in digital format,
without any need for printing the ticket. Initially, it has been launched as a pilot project and
cover 15 stations in Southern Railway. Later on it will be extended to entire country in phases.
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STATES
1. Gujarat Launched Industrial Tourism To Showcase Development
Gujarat government has on 12 April launched industrial tourism package to promote its
development by showcasing its major industrial installations which have earned global
acclaim for state. It is a first of its kind initiative India, offered by Tourism Corporation of
Gujarat Ltd (TCGL) in collaboration with Ahmedabad based Akshar Travels Pvt Ltd. The
tour package is called as Industrial Tour of Gujarat will cover some of the major industrial
attractions of the state.
2. Indian Army Conducts AkramanII Defense Exercise In Rajasthan
Indian Army on 26 April conducted a major exercise Akraman-II in Rajasthan. The exercise
was conducted by the Chetak Corps, a part of South Western Command based in Bhatinda,
Punjab. The exercise aimed to test a new generation of weaponry and platforms which are
employed in the desert region to provide real time battle and situational awareness to its
commanders.
3. Kerala Govt Launched Subodham Project To End Liquor Abuse
State Government of Kerala on 19 April 2015 launched Subodham project, to help people in
the state to overcome addiction to liquor.The project was launched by Chief Minister
Oommen Chandy and Art of Living Foundation founder Sri Sri Ravishankar in Kochi.
4. BHEL commissioned 600 MW thermal Unit In Chhattisgarh
State-owned power equipment-maker Bharat Heavy Electricals Limited (BHEL) on 13 April
commissioned a 600 MW thermal unit at Dhabra in Janjgir Champa District of Chhattisgarh
for the Dainik Bhaskar Power Limited.This is the second unit of 2 600 MW power project,
commissioned by BHEL. The first 600 MW Unit was commissioned in 2014.
CONFERENCES
5th SAARC Health Ministers Meeting Held In New Delhi
The 5th meeting of South Asian Association for Regional Cooperation (SAARC) Health Ministers
was held on 8 April 2015 in New Delhi. The meet ended with the adoption of Delhi Declaration on
Public Health Challenges.The declaration focuses on issues common to member nations of South
Asia Association for Regional Cooperation (SAARC).
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ECONOMY
1. Union Government Unveiled new FTP
Union Minister of Commerce & Industry on 2 April unveiled Foreign Trade Policy (FTP)
2015-2020. The new trade policy will incorporate government ambitious initiatives such as
Make in India, Digital India mission, Skill India programme, ease of business in order to
boost jobs and take Indias exports to 900 billion dollars by 2020. In the new policy FTP201520, two new schemes Merchandise Exports From India Scheme (MEIS) and Services Exports
From India Scheme (SEIS) were introduced.
2. Prime Minister Narendra Modi Launched MUDRA Bank
Prime Minister Narendra Modi on 8 April launched the Micro Units Development and
Refinance Agency Ltd. (MUDRA) Bank in New Delhi.The bank will provide credit of up to
10 lakh rupees to small entrepreneurs and act as a regulator for Micro-Finance Institutions
(MFIs). The Pradhan Mantri MUDRA Yojana will be the main support system for the bank
and will be the part of Small Industries Development Bank of India (SIDBI). MUDRA Bank
has been started with an initial corpus of Rs. 20,000 crore. Apart from this, Rs. 3,000 crore
has been earmarked as credit guarantee corpus.
3. India Ranks 125th In the World For Fixed Broadband Penetration
According to Telecom Regulatory Authority of India (TRAI) latest report, India ranks 125th
in the world for fixed broadband penetration with only 1.2 per 100 inhabitants and the global
average is 9.4 per 100 inhabitants.This rating puts India behind Sri Lanka and Bhutan. In the
wireless or mobile broadband segment, India is ranked at 113th with a penetration of 3.2 per
100 inhabitants.
4. India Fourth Largest Supplier of Generic Medicines To US
India has emerged as the fourth largest supplier of generic medicines to the United States. It
was announced by Minister of State (MoS) for Chemicals and Fertilizers Hansraj Ahir gave
this information in the Rajya Sabha in reply to a question. Indias generic medicines exports
have touched over US 4 billion dollars in 2013-14 in spite of stringent regulatory measures
imposed by US. Union Government also announced that Indian pharmaceutical companies are
already exporting generic medicines to Africa, West Asia and European countries.
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the Wheelar Isalnd off the Odisha coast in the Bay of Bengal.Although the missile has a strike
range of more than 3000 km, in the present test-fire, it was tested for a lesser range. The AgniIII missile is powered by a two-stage solid propellant system.
3. Worlds First Self-Powered Camera Developed
Columbia University scientists have created the worlds first self-powered camera. The
camera can indefinitely produce an image in each second of any well-lit indoor area. K.
Nayar, a computer scientist of Indian origin, headed the research. He designed a pixel that
apart from measuring incident light also converts it into electric power.
4. Navys Stealth Destroyer INS Visakhapatnam Launched
Indian Navys new stealth destroyer named INS Visakhapatnam was launched on 20 April at
the Mazgaon Docks Ltd (MDL) in Mumbai, Maharashtra.It was designed indigenously. It is a
Kolkata class warship.It is also the first of P15-B stealth destroyers.The ship weighs 3000
tonnes and is 163 metres long.It is designed to achieve speed of more than 30 knots at
displacement of around 7300 tonnes.INS Vishakapatnam will also be fitted with supersonic
surface to surface missile system.
5. NASA develops First 3-D Printed Copper Rocket Engine Part
NASA engineers have developed the first full-scale three dimensional (3-D) printed copper
rocket engine part. The part developed was a combustion chamber liner that operates at
extreme temperatures and pressures using additive manufacturing technique.
PERSONS IN NEWS
A) APPOINTMENTS
Nasim Zaidi Takes Over as new CEC
Nasim Zaidi took over as the 20th Chief Election Commissioner (CEC) of India on 19 April.He is
Indias 20th CEC and succeeded Hari Shankar Brahma, who had retired on April 18, 2015.
Loretta Lynch Sworn In As U.S. Attorney General
Loretta Lynch on 27 April 2015 was sworn-in as the United States 83rd Attorney General, the first
African-American woman to serve as the nations top law enforcement official. She succeeded former
attorney general Eric Holder, who left the position on 24 April 2015 after serving as Attorney General
for six years.
B)RESIGNS
ICC president Mustafa Kamal Resigned
International Cricket Council (ICC) President A.H.M. Mustafa Kamal resigned from his post on 1
April.Mustafa Kamal is a Bangladeshi politician and cricket official. Apart from being the President
of the Bangladesh Cricket Board (BCB), he was also functioning as the President of ICC since 2014.
He resigned from this post as he was apparently hurt at not being given the opportunity to hand out
the World Cup trophy to champions Australia.
C)DEATHS
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PLACES IN NEWS
Thane Named As National Earth Hour Capital 2015 By WWF
Thane in Mumbai, Maharashtra was named as the National Earth Hour Capital 2015 on 9 April 2015.
Thane city won the bid among the three finalists Thane, Pune and Rajkot in the Earth Hour City
Challenge (EHCC) 2015 conducted by World Wide Fund. Seoul city, the capital and largest
metropolis of South Korea, on 9 April 2015 was awarded the title of Global Earth hour Capital 2015
after it won the Earth Hour City Challenge (EHCC) of World Wildlife Fund (WWF).
ABBREVIATIONS
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BOOKS IN NEWS
Historical Documents Testify The Sovereignty of Senkaku Authored By Tadayoshi Murata
The book entitled Historical Documents Testify the Sovereignty of Senkakuauthored by
Tadayoshi Murata, an honorary professor at Japans Yokohama National University. The book
describes how the Japanese government illegally occupied the Chinese Diaoyu Islands step by step in
the 1890s. Japan has recently intensified its propaganda to claim several uninhabited islands disputed
with its neighbor in the East China Sea, but a Japanese historian refuted the claim and questioned
Tokyos reliability since it has manipulated evidence to mislead the rest of the world on the territorial
issue.
COMMITTEES
Union Ministry of Commerce and Industry Constituted Ajay Shankar committee To Simplify
Clearances
The Union Ministry of Commerce and Industry on 8 April formed an expert committee under the
chairmanship of Ajay Shankar to suggest simplified compliance for establishing new industries. He is
a former Secretary to the Department of Industrial Policy and Promotion (DIPP). The Expert
Committee has been constituted for examining the possibility of replacing multiple prior permissions
with pre-existing regulatory mechanism and to prepare draft legislation for this purpose.
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NATIONAL
Govt To Launch Atal Pension Yojna (APY) On 1 June
Atal Pension Yojna (APY), announced in the 2015-16 Budget , will be launched on 1st of June
2015 and will focus on all citizens in the unorganised sector entitling them to a pension of up to
Rs 5,000 per month after 60 years of age. The existing subscribers of Swavalamban Scheme
would be automatically migrated to the APY pension scheme, unless they opt out. The minimum
age of joining APY is 18 years and maximum age is 40 years.
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STATES
Aapki Beti Humari Beti Scheme Launched In Haryana
Haryana chief minister Manohar Lal Khattar on 8 March launched a scheme for girl child
Aapki Beti Humari Beti with an aim to combat the problem of declining child sex ratio in the
state. The scheme will cover first-born girl child of Scheduled Caste (SC) and Below Poverty
Line (BPL) families and all second girl child born on or after 22nd January 2015 of all families
in the state.
Maharashtra Government Launched Bhagyashree Scheme
Maharashtra Government has launched Bhagyashree Scheme for girl child from Below Poverty
Line (BPL) families, on 8 March. Bhagyashree Scheme has replaced the state governments
previous Sukanya Scheme. Bollywood actress Bhagyashree is the brand ambassador of the
scheme. The Bhagyashree scheme aims at providing one lakh rupee on maturity after the girl
completes 18 years of age.
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CONFERENCES
International Conference On Counter Terrorism
Indias first conference on Counter-Terrorism was held from 19 21 March 2015 in Jaipur,
Rajasthan. The conference was named as International Counter-Terrorism Conference 2015 and
it was organised by India Foundation in association with the Sardar Patel University of Police
Security and Criminal Justice-Jodhpur. The central theme of the Conference is Integrated
Approach to Counter-Terrorism. The Conference was inaugurated by Union Home Minister
Rajnath Singh.The focus of the deliberations was on exploring the contours of 21st century
terrorism and sharing the Counter-Terrorism expertise. Some of the sub-themes on which the
conference focused include 26/11 Mumbai Terror Attack, Talibanisation of Af-Pak region, New
Caliphate in West Asia, Maritime Terrorism and Piracy, Chemical, Biological, Radiological and
Nuclear (CBRN) Terrorism and Cyber and Space terrorism.
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ECONOMY
RBI reduced Repo Rate By 25 Basis Points To 7.5 percent
The Reserve Bank of India (RBI) on 4 March reduced the repo rate by 25 basis points to 7.5
percent with immediate effect. This is the second time since January 2015 that RBI reduced the
repo rate by 25 basis points. With this, the reverse repo rate under the LAF stands adjusted to 6.5
percent, and the marginal standing facility (MSF) rate and the Bank rate to 8.5 percent.
Indias Billionaires To Rise 104% By 2024
According to the latest Knight Frank Wealth Report, as of 2014,Wealth creation in India is likely
to accelerate significantly with the number of ultra-wealthy individuals expected to double to
3,371 by 2024. India is home to 1,652 ultra high net worth individuals (UHNWIs), which is
likely to swell to 3,371 by the year 2024, registering a jump of 104 per cent. The number of
UHNWIs in India has increased from 622 in 2004 to 1,652 in 2014, registering a rise of 166 per
cent over the past decade (2004-2014). At 0.1 UHNWI per lakh population, India ranks a distant
84 among 97 countries globally in terms of equitable distribution of wealth.
Indian Railways Signed MoU with LIC For Rs 1.5 lakh crore Investments
Indian Railways on 11 March signed an Memorandum of Understanding (MoU) with Life
Insurance Corporation (LIC) to raise Rs 1.5 lakh crore for financing the development of its
various commercially viable infrastructure projects. Under this MoU, LIC will make available a
Financial Assistance of 150000 crore rupees to the Indian Railways for implementing Railway
projects over the next five years. The Financial Assistance will be available from the Financial
Year 2015-16.
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in India. Basically it will provide two kinds of services, Standard Positioning Services, which is
available to all users, and an encrypted service that is provided only to authorized users.
PERSONS IN NEWS
A) APPOINTMENTS
Jagmohan Dalmiya Elected as BCCI president
agmohan Dalmiya was unanimously elected as the President of the Board of Control for Cricket
in India (BCCI) at Annual General meeting held in Chennai on 2 March.Dalmiya had served
BCCI as its President between 2001 and 2004. He also served as the President of International
Cricket Council (ICC) between 1997 and 2000.
Venkatraman Ramakrishnan Named as President of Britains Royal Society
Nobel laureate Sir Venkatraman Ramakrishnan on 18 March was named as the President of
Britains prestigious Royal Society, a communion of the many of the worlds most distinguished
scientists. Ramakrishnan, who will take up the post on the 1 December 2015, will succeed
geneticist Sir Paul Nurse, also a Nobel Laureate.
B)RESIGNS
Union Minister Dadarao Danve Resigns
Union Minister Minister of State (MoS) for Consumer Affairs, Food and Public Distribution
Raosaheb Dadarao Danve on 5 March resigned from the office. Raosaheb Danve resigned from
the Union Council of Ministers following the Bharatiya Janta Party (BJPs) one-man, one-post
principle after he was appointed President of Maharashtra in January 2015. He took over as
Maharashtra BJP president after Devendra Fadnavis became the Chief Minister state who had led
the party to power in October 2014 Assembly elections.
C)DEATHS
Senior Journalist Vinod Mehta Died
Senior journalist and former editor of Outlook, Vinod Mehta died on 8 March in New Delhi. He
was 73. Mehta, who had founded the Outlook Magazine and served as its Editor-in-Chief, last
held the post of editorial Chairman of the publication. Vinod Mehta was born on May 31, 1942
in Rawalpindi, West-Punjab region of undivided India (now in Pakistan). He wrote the bestselling autobiography Lucknow Boy in 2011. He has authored a biography of Meena Kumari
(movie actress and poet) and Sanjay Gandhi- The Sanjay Story (2012).
D)VISITORS
Prime Minister Narendra Modi Visited Sri Lanka
Prime Minister Narendra Modi visited Sri Lanka on 13 14 March 2015. The visit follows
President Maithripala Sirisenas first overseas visit to India in February 2015. During his two
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day visit Narendra Modi met Srilankan President Maithripala Sirisena in Colombo.In the visit,
India and Sri Lanka signed four agreements. Narendra Modi also announced e-visa on arrival
services for Sri Lankans, a $ 318 million Line of Credit to upgrade Sri Lankas railways, and a
promise to build Trincomalee as a petroleum hub, while seeking movement on the 500 MW
Sampur power project, that has been delayed for years due to environmental concerns.
E)MISCELLANEOUS
PM Narendra Modi Among 30 Most Influential People On Internet
Prime Minister Narendra Modi has been named among the 30 most influential people on the
internet by Time magazine in a list which also features US President Barack Obama. The list,
which analysed social-media followings, site traffic and overall ability to drive news, also
includes British author of the Harry Potter series J K Rowling and singers Taylor Swift and
Beyonce. The list was released on 6 March 2015.
PLACES IN NEWS
Worlds Largest and Tallest Indian Flag Unfurled In Faridabad
Worlds largest and tallest Indian national flag was unfurled on 3 March 2015 at Town Park in
Faridabad, Haryana.It was unfurled by Bhartiya Janta Party President Amit Shah.The flag has
dimension of 96 feet by 64 feet and weighs 48 kilograms. Flag was hoisted at the height of 250
feet (75 meters). Thus, making it the worlds largest and the highest hoisted Indian flag in the
world.
ABBREVIATIONS
NABARD - National Bank for Agricultural and Rural Development
BCCI Board of Control for Cricket in India
EPFO Employees Provident Fund Organization
UNICEF United Nations Childrens Fund
NSE National Stock Exchange
BOOKS IN NEWS
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Page 30
COMMITTEES
Ajay Shankar Committee Constituted To Review The Existing PPP Cell In Railway Board
The Ministry of Railways appointed Ajay Shankar committee on 25 March to review the
performance of the Public Private Partnership (PPP) cell functioning under the Railway
Board.Ajay Shankar is a former Secretary, Department of Industrial Policy and Promotion
(DIPP) under Union Ministry of Commerce and Industry.
Page 31
STATE OF ECONOMY:
1.CPI inflation projected at 5% by the end of the year.
2. Monetary Policy Framework Agreement with RBI, to keep inflation below 6%.
3. GDP growth in 2015-16, projected to be between 8 to 8.5%
4. The fiscal deficit targets are 3.9%, 3.5% and 3.0% in FY 2015-16,
2016-17 & 2017-18 respectively.
5. Direct Transfer of Benefits to be extended further with a view to increase
the number of beneficiaries from Rs.1 crore to Rs.10.3 crore.
6. Target of Rs.8.5 lakh crore of agricultural credit during the year 2015-16
7. Rs.5,300 crore to support micro-irrigation, watershed development and the
Pradhan Mantri Krishi Sinchai Yojana.
8. Pradhan Mantri Suraksha Bima Yojna to cover accidental death risk of
Rs.2 Lakh for a premium of just Rs.12 per year.
9. Pradhan Mantri Jeevan Jyoti Bima Yojana to cover both natural and
accidental death risk of Rs.2 lakh at premium of Rs.330 per year for the age group
of 18-50.
10. 5 new Ultra Mega Power Projects, each of 4000 MW, in the Plug-and-Play mode.
11. Rs.1000 crores to the Nirbhaya Fund
12. Visas on arrival to be increased to 150 countries.
13. An IIT to be set up in Karnataka and Indian School of Mines, Dhanbad to be
upgraded in to a fullfledged IIT.
14. New All India Institute of Medical Science (AIIMS) to be set up in J&K,
Punjab, Tamil Nadu, Himachal Pradesh and Assam. Another AIIMS like institutions
to be set up in Bihar.
15. A post graduate institute of Horticulture Research & Education is to be set up in
Amritsar.
16. 3 new National Institute of Pharmaceuticals Education and Research in
Maharashtra,
Rajasthan & Chattisgarh and one institute of Science and Education Research
is to be set up in Nagaland & Orissa each.
17. University of Disability Studies will be established in Kerala. 50
18. In Arunachal Pradesh, Centre of film production, animation and gaming will come
up.
19. For Infrastructure sector Rs. 70,000 crores allocated. Projects in rail road and
irrigation bonds will be tax free.
20. For Rural Infrastructure Development Bank, Rs. 25,000 crore allocated.
21. Target of renewable energy capacity revised to 175000 MW till 2022,
comprising 100000 MW Solar, 60000 MW Wind, 10000 MW Biomass and 5000 MW
Small Hydro.
22. Forward Markets commission to be merged with SEBI.
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Page 32
Page 33
transition to GST. >Online central excise and service tax registration to be done in
two working days.
>100% deduction for contributions, other than by way of CSR contribution, to
Swachh Bharat Kosh and Clean Ganga Fund.
>Clean energy cess increased from Rs.100 to Rs.200 per metric tonne of coal,
etc. to finance clean environment initiatives.
Benefits to middle class tax-payers:
>Limit of deduction of health insurance premium increased from Rs.15000 to
Rs.25000, for senior citizens limit increased from Rs.20000 to Rs.30000
>Senior citizens above the age of 80 years, who are not covered by health
insurance, to be allowed deduction of Rs.30000 towards medical expenditures.
>Deduction limit of Rs.60000 with respect to specified decease of serious
nature enhanced to Rs.80000 in case of senior citizen.
>Additional deduction of Rs.25000 allowed for differently abled persons.
>Limit on deduction on account of contribution to a pension fund and the new
pension scheme increased from Rs.1 lakh to Rs.1.5 lakh.
>Additional deduction of Rs.50000 for contribution to the new pension scheme u/s 80CCD.
>Payments to the beneficiaries including interest payment on deposit in
Sukanya Samriddhi scheme to be fully exempt.
>Service-tax exemption on Varishtha Bima Yojana.
>Yoga to be included within the ambit of charitable purpose under Section 2(15) of
the
Act.
Income-tax
Defence:
>Rs.2,46,726 crore allocated for Defence. It is 9.87 per cent greater than last year.
>Make in India campaign will take into consideration for speedy
manufacturing of Defence equipments.
Page 34
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Army Day
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National Martyrs Day & World anti Leprosy Day
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