Simon Santoso of Indonesia won Malaysia Grand Prix Gold
Super Hercules aircraft of IAF C-130 J crashed in Rajasthan
Hindi writer Mr. Govind Mishra selected for Saraswati Samman 2013
G D Birla Award 2013 bagged by Physicist Rajesh Gopakumar
Indian Journalist Shubhranshu Choudhary bagged 'Digital activism award'
Czech Catholic priest Tomas Halik wins $1.83 million Templeton Prize
First elected Prime Minister of Spain Adolfo Suarez passed away
Deputy Governor of RBI KC Chakrabarty resigns
Book "Rationalised Roman for Kashmiri" released
Smartphone Virus Dendroid detected
Stamp on Noor Inayat Khan released by Britain's Royal Mail
Government of India divested its 9 percent stake in Axis Bank
Senior women hockey National Title clinched by RSPB
Indian first ever truck racing championship won by Stuart Oliver
All elections booths will be smoking free in J&K, became first state to do so
New Molecule HSP90 discovered
Astronomers discovered largest ever yellow hypergiant star - HR 5171 A
UNSC extended mandate of UNAMA till March 2015
Aditi Khanna became first women President of IJA
R. Neelakantan appointed as CFO by SpiceJet
Myanmar hosted third BIMSTEC summit 2014
ICC under 19 World Cup 2014 won by South Africa
Union Government of India on 28 February 2014 raised the number of workdays under MNREGA (Mahatma Gandhi National Rural Employment Guarantee Act 2005) from 100 days to 150 days.
Union Cabinet cleared reservation for Jats community under OBC category
Marshal Mohammad Qasim Fahim, Vice President of Afghanistan died
Arvind Mayaram appointed as new Finance Secretary
Book "Crusader or Conspirator? Coalgate and Other Truths" written by PC Parakh released
Pulitzer Prize 2014 in poetry category bagged by Vijay Seshadri
Next Chief Justice of India will be Justice R.M.Lodha
Dadasaheb Phalke Award 2013 goes to Legendary Poet Gulzar
London Marathon won by Wilson Kipsang
Justice G Rohini appointed as the first women Chief Justice of Delhi High Court
Friday, April 18, 2014
Posted by Jayan Jayan at 12:17 AM
Wednesday, April 2, 2014
RBI grants bank licenses to IDFC, Bandhan Financial; Green Signal also for India Post...............
The decade-long wait is finally over, with the Reserve Bank of India () on Wednesday deciding to grant fresh banking licences to two entities out of the 25 applicants. But industrial houses will be disappointed as the central bank has chosen to ignore them.
After the Election Commission have its go ahead on Tuesday, RBI’s committee of central board met on Wednesday morning to deliberate on the two names that were placed before it for approval.
The two entities which made the cut are , a diversified financial services firm with a special focus on infrastructure financing, and Bandhan, the country’s largest micro lender based in Kolkata.
The two entities will get one and a half years to commence operations, failing which their licences could be cancelled by the central bank. The central bank will also consider the application of India Post, but under a separate process to be carried out in consultation with the government.
The RBI statement said some of those entities who did not qualify in this round for a full-fledged banking licence could well apply in future rounds or could apply for differentiated licences under the proposed framework.
“The “in-principle” approval granted will be valid for a period of 18 months during which the applicants have to comply with the requirements under the guidelines and fulfil the other conditions as may be stipulated by the RBI,” the banking regulator said, adding that after being satisfied with the entities of compliance with the norms, licence will be given for commencement for banking operations.
“Until a regular licence is issued, the applicants would be barred from doing banking business,” the RBI said.
The bank licence process was started with the objective of promoting financial inclusion in February 2010 following a Budget announcement by former Finance Minister and now President Pranab Mukherjee. Three years later, the RBI released the final guidelines on licensing norms in February 2013. The deadline for submission of applications was July 1, 2013.
A total of 25 applicants, ranging from business conglomerates like the Birlas, the Anil Ambani group, Larsen & Toubro and Bajaj to non-banking financial companies like LIC Housing Finance and Edelweiss applied for the coveted licence. Another micro lenders, Janalakhsmi, also applied.
The move comes despite stiff opposition from the country’s main opposition, the Bharatiya Janata Party, which wanted the RBI to wait till the new government is formed after the election results next month.
The RBI had set up a high-level advisory committee under the chairmanship of former central bank governor Bimal Jalan to scrutinise the 25 applications. As suggested by the panel, the RBI has also ignored candidates which are under the glare of investigative agencies in scams like airwave spectrum auction and coal block allocation.
Interestingly, the Tata group withdrew its application citing stringent norms that stipulates a non-operative financial holding company structure.
In the last round of licensing, two new entities, Kotak and Yes Bank, were allowed to enter the banking sector in 2003-04.
The central bank has already said that from now on, issuance of banking licence will not be a once-in-a-decade affair. The RBI will fine-tune the guidelines and licences will be given on tap. There will also be differentiated licensing for entities such as payments banks, which are very different from universal banks.
Posted by Jayan Jayan at 12:05 PM
Thursday, March 27, 2014
Study material for Postal/Sorting Assistants Examination 2014 --- (General Knowledge Ten question with Answer )
1 Which one of the following is the basis of Panchyat Raj ?
A Community cooperation and development
B Cultivating Politics awareness in the rural masses
C People ‘s Participation on the government
D Democratic Decentralization
2 Impeachment proceedings against the president can be initiated by In
A The lok Sabha b The Rajya Sabha c Either house of parliament d The supreme court
3 A British citizen staying to India cannot claim right to
a Freedom of trade and profession
b Equality before the law
c Protection of life and personal liberty
d Freedom of religion
4 Which article deals with amendment to our constitution
A 356 b 368 c 372 d 370
5 Which one of the following is correctly matched?
a Right to equality -------- Article 14, 18
b Right to freedom of religion ---- Article 14, 18
c Cultural and educational rights -- Article 32- 35
d Right against exploitation ----- Article 23 and 24
6 Vande Mataram was published in
A Gitanjali b Harijan c Kesari d Anandha Math
7 The Banaras Hindu university was founded by
A Gandhiji b Madan Mohan Malaviya c Lala Lajpath Rai d Ravindranath Tagore
8 The most prominent industry that flourished during the Mughal period was
A metal b Silk c Textiles d dyeing
9 University act 1904 was passed during the time of
A Lord Lytton b Lord rippon c Lord Curzon d Lord Dalhousie
10 “ Untouchability is a crime against god “ who said this ?
A vallalar b Swami Vivekananda c Dr Rajendra Prasad d Gandhiji
Posted by Jayan Jayan at 12:54 PM
Orders on DA - Payment of Dearness Allowance to Central Government employees - Revised Rates effective from 1.1.2014
Finmin Orders on DA - Payment of Dearness Allowance to Central Government employees - Revised Rates effective from 1.1.2014
Government of India
Ministry of Finance
Department of Expenditure
North Block, New Delhi
Dated: 27th March. 2014
Subject: Payment of Dearness Allowance to Central Government employees - Revised Rates effective from 1.1.2014.
The undersigned is directed to refer to this Ministry’s Office Memorandum No.I-8/2013-E-II (B) dated 25th September, 2013 on the subject mentioned above and to say that the President is pleased to decide that the Dearness Allowance payable to Central Government employees shall be enhanced from the existing rate of 90% to 100% with effect from January, 2014.
2. The provisions contained in paras 3, 4 and 5 of this Ministry’s O.M. No.1(3)/2008-E-11(B) dated 29th August, 2008 shall continue to be applicable while regulating Dearness Allowance under these orders.
3. The additional installment of Dearness Allowance payable under these orders shall be paid in cash to all Central Government employees.
4. The payment of arrears of Dearness Allowance shall not he made before the date of disbursement of salary of March. 2014.
5. These orders shall also apply to the civilian employees paid from the Defence Services Estimates and the expenditure will be chargeable to the relevant head of the Defence Services Estimates. In regard to Armed Forces personnel and Railway employees, separate orders will he issued by the Ministry of Defence and Ministry of Railways, respectively.
6. In so far as the employees working in the Indian Audit and Accounts Department are concerned, these orders are issued with the concurrence of the Comptroller and Auditor General of India.
Under Secretary to the Government of India
Posted by Jayan Jayan at 7:11 AM
Smt Smith Sagar IP (PG) Changanassery Division has been posted as IP Kayangulam Sub Division Mavelikarara Postal Division -
Smt. Smitha Sagar, IP (PG), Changanassery Dn posted as IP Kayamkulam Sub Dn, MVK Dn.
Transfers/postings in IP cadre (Ro Kochi Letter No. ST/63-1/2010/11 dated 18.3.14)
Posted by Jayan Jayan at 6:53 AM
Friday, March 14, 2014
Office accounts: Menu
INQUIRE ON TRANSACTION
INCOME AND EXPENDITURE ANALYSIS REPORT
Income and Expenditure monitor report
Minor subsidiary outstanding item report
Minor subsidiary outstanding item report
Minor subsidiary transaction report
Inquiry on GL transactions
Account ledger inquiry
Office account ledgers print
Interest enquiries Menu
Account interest inquiry
Customer Interest report
Account interest report
Interest details enquiry
Inquiry on Interest
Charges Inquiry: Menu Options
Customer wise charges inquiry
Charges Income report
Inquire Fee details
Closed charges for Silent account
OTHER REPORTS Menu options
Quick balancing report
Inter SOL transaction report
Inter SOL Audit report
finrpt Report Generation
Day Book printing
Generate stop Payment Register Report
Shroff Cash Report
Report of SB wdls exceeding Rs.10000/-
Account Transfer Report
Monthly/Yearly Statistical Report
Hnsr (Monthly/Yly Nomination Statistical report)
Memo pad maintenance
Account Selection and Print
Components of account balance
Account balance inquiry
Account ledger inquiry
Account below minimum balance report
Account ledger print
Accounts of customer
Inquire on General details of Customer
View Signature and Photograph List
CHEQUE BOOK Inquiry and Report- Menu Option
Cheque book issue Register
Cheque Report Generation
Inventory Split and Inquiry
Inventory Inquiry All
Inquire on Inventory Movement
Inquiring on the Inventory
Cheque Clearing -Menu Options
Print Inward clearing statement
Print Inward clearing validation report
Clearing rejection report
Inward Remittance Details Report
Outward Remittance Details Report
Out ward Clearing instrument Inquiry
Transfer File to PC
LOAN ACCOUNTS -Menu Options
Loans overdue position inquiry
Loan collection and position Report
Loan accounts of customer report
Collateral Look Up Report
Colleteral and insurance details report
Loans repayment Schedule Report
Loan General Details
DEPOSIT ACCOUNTS-Menu options
Flow wise distribution of deposits
Rate wise distribution of deposits
Scheme wise distribution of deposits
Maturity wise distribution of deposits
General Deposit details
Renewed accounts Lookup for deposit
Irregular recurring deposit report
List pending installments of RD Type of TU accounts
Customer accounts maturities
TD accounts of the customer
Deposit Transactions Record summary
Term deposit Renewal History Details of Account
Tax report options
Customer Wise TDS report
Financial transaction inquiry
Financial transaction report
Tellar cash position inquiry-employee
Tellar cash position inquiry-currency
Outward cheque inquiry
A/c shadow balance inquiry
SAVINGS Account-Menu Options
Accounts transfer Report
Cheque Report Generation
Minor to Major Report
Dormant/Silent accounts revived Report
Silent account Report
account Freeze and Unfreeze report
Welcome jit Account Report
Report of SB withdrawals above Rs.10000/-
A/c Balance Details
Old Accounts Details Look UP
Inquire on General Details of Account
Inquire on your account ledger entries
Inquire on standing instructions maintenance
Standing instructions Reports
Prepared by K S KESHAVA , ICO SB , Karnatata Circle for http://sapost.blog
Posted by Jayan Jayan at 9:31 AM