Wednesday, 18 September 2013

DAILY GK UPDATE 18TH SEPT

1.    Tony Abbott Sworn in as a new PM of Australia
i. Tony Abbott has been sworn-in as the new Prime Minister of Australia. 55 year-old Abbott took oath at the Government House in Canberra, in front of Governor-General Quentin Bryce.
ii. His conservative coalition had won a comfortable lower house majority in the 7 September polls.
iii. Abbott had unveiled his new 19-member Cabinet on Monday, with only one woman, foreign minister Julie Bishop in the line-up. The new ministers will be sworn in later in the day.
iv. Abbott said, as well as carbon tax repeal, his government will put the budget back into surplus, and turn back boats bringing asylum seekers from across Asia via Indonesia.

2.    Inflation, rupee may force RBI to keep rates on hold
i. Reserve Bank of India Governor Raghuram Rajan is likely to maintain his predecessor Duvvuri Subbarao's “hawkish” policy and keep key rates on hold due to continued inflationary pressure and the volatility in rupee, analysts say
ii. Most analysts feel that the sharp jump in the headline inflation in August has made choices tougher for Rajan, who will be holding his first monetary policy meeting Friday, barely a fortnight after taking charge at the Mint Street in Mumbai.
iii. The wholesale price based inflation, the country's key indicator of price movement, soared to six-month high of 6.1 percent in August as compared to 5.79 percent in the previous month and 8.01 percent in the corresponding month of last year.
iv. The more worrying is food inflation that surged to 18.18 percent, the highest level in nearly three years.
v. Ratings and consultancy firm Crisil said the RBI is expected to leave interest rates unchanged not only in this week's policy review but also for the rest of the year.
vi. Key policy rates that determine liquidity and cost of lending and borrowings in the country include repo rate, reverse repo rate and cash reserve ratio

Note: i. Prime Minister Manmohan Singh's economic advisory council recently sharply lowered the economic growth forecast for the current fiscal to 5.3 percent from its earlier projection of 6.4 percent.
ii. The central bank had kept all key rates unchanged and lowered the growth forecast for the current fiscal to 5.5 percent from its earlier projection of 5.7 percent.
iii. The repurchase or the repo rate, the interest that commercial banks pay to the RBI on short-term borrowings currently stands at 7.25 percent, and reverse repo rate is at 6.25 percent.
iv. The cash reserve ratio (CRR), or the share of deposits banks must keep with the central bank, stands at 4 percent.

3.    ICICI Prudential Life launches new unit-linked pension plan
i. ICICI Prudential Life Insurance has launched Easy Retirement, a unit-linked plan that enables customers to build their retirement corpus.
ii. The plan provides customers the flexibility to choose their equity exposure according to their risk appetite.
iii. ICICI Pru Easy Retirement rewards customers for continuing over the long-term through Pension Boosters which add 5 per cent of the fund value every five years after the tenth policy year onwards, thereby enhancing the corpus built, which provides regular income for life.
iv. Customers also have the flexibility to choose the premium paying term to build a corpus to ensure regular income to maintain their lifestyle post retirement.
Note: ICICI Pru Easy Retirement is available on the online platform.

4.    SEBI inks MoU with Argentina for info exchange on securities markets
i. Market regulator, SEBI has inked a Memorandum of Understanding, MoU with its counterpart in Argentina to promote mutual assistance and exchange information related to securities markets in both the countries.
ii. In a statement, Securities and Exchange Board of India yesterday said that the MoU entered with ComisiĆ³n Nacional de Valores, CNV aims to facilitate the development of deeper and broader capital market, enhance greater cross border activities and attain closer regulatory co-operation between two jurisdictions in a mutually beneficial manner.
iii. The MoU also seeks to establish and implement technical assistance and training programme, for an effective development of regulatory framework for securities markets in the two jurisdictions.
iv. The MoU was signed between SEBI Chairman UK Sinha and CNV Chairman Alejandro Vanoli during the 38th IOSCO annual conference in Luxembourg on Monday.

5.    New Zealand opens embassy in Myanmar
i. New Zealand has opened its embassy in Myanmar, Foreign Affairs Minister Murray McCully announced Wednesday.
ii. "This new office in Yangon reflects Myanmar's remarkable progress in implementing political and economic reforms over the past two years," Xinhua quoted McCully as saying in a statement.
iii. New Zealand has substantially increased its development assistance to Myanmar, with major commitments to dairy cooperation and capacity building. There is also considerable scope for New Zealand companies to invest," he said.
iv. "The opening of this office comes as the region focuses its attention on Myanmar, which as the next chair of the Association of Southeast Asian Nations, will host a number of ministerial and official level meetings throughout 2014, culminating in the East Asia Summit."
v. New Zealand has moved to normalise relations with Myanmar following reforms under the government of President Thein Sein, which has been in place since March 2011.
vi. The country is due to hold general elections in 2015.

6.    Bajrang wins bronze at World Wrestling championships 
i. India's impressive show at the World Wrestling Championships continued as Bajrang bagged a bronze medal in the 60kg freestyle category with an overwhelming 9-2 win over Mangolia's Nyam-Ochir Enkhsaikhan in a match which was held in Budapest on Tuesday. 
ii. It was Nyam-Ochir who got a good start with a takedown but 20-year-old Bajrang came back in the final seconds of the first period, pushing his his opponent out the mat to level the scores 2-2.
iii. Bajrang's performance light up India's day as Pawan Kumar (84kg) and Hitender (120kg) had made early exits from the competition.

Note: Amit Kumar had won silver on Monday and it is first time that India have won two medals in the men's events at the World Championships level.

7.    Tigmanshu Dhulia wins Best Director at Norway Bollywood film festival
i. Tigmanshu Dhulia was presented the best director award for Paan Singh Tomar at the 11th Norway Bollywood Film Festival at a packed Loreskog cinema center in Oslo on Tuesday. 
ii. While filmmaker Rahul Mittra bagged the Best Producer award for his last year's hit Saheb Biwi Aur Gangster Returns, Jimmy Sheirgill got the best actor award for the same film. 
iii. The festival is one of the biggest film festivals in Scandinavia, attracting hundreds of Indians, Pakistanis and Norwegians each year, apart from top names from Bollywood. 
iv. Mittra and Dhulia also announced the date of their upcoming film Bullett Raja starring Saif Ali Khan, Sonakshi Sinha and Jimmy Sheirgill which is releasing on November 29. 

8.    Dutch cyclist breaks world land speed record 
i. A 23-year-old Dutch cyclist has pedalled his way to a world record, hitting more than 133.78kph as he sped through a US desert, to become the planet's fastest cyclist. 
ii. Sebastiaan Bowier reached a rip-roaring 133.78 kph in the high-tech recumbent bike developed by students from Delft University of Technology and VU University Amsterdam. 
iii. This set a new world record, making him the world's fastest cyclist travelling 0.6 kph faster than the previous record holder, Canadian Sam Wittingham. 
iv. The speeds were achieved on a 200 metre stretch of road, with a run-up of 8 km across a totally straight route in the Nevada desert, US.

9.    Himachal to launch Food Security programme from 20th Sept 
i. Himachal Pradesh government is all set to launch the Food Security programme in the state from 20th September and all arrangements are in place for the big event, state Food and Supplies minister G S Bali said on Saturday. 
ii. Chief Minister Virbhadra Singh would launch the programme at historic Ridge maidan by distributing subsidised ration kits to beneficiaries under Antyodaya Ann Yojana, the minister said. 
iii. Meanwhile, Bali has directed the state Civil Supplies Corporation to provide 2-kg sugar per ration card to each ration card holder during October through its godowns, retail and all fair price shops keeping in view the ensuring festival season. 
iv. The decision would benefit about 17-lakh ration card holders of the state, Bali said. 

10.  P. Sudhakar Appointed as the CMD of Electronics Corporation of India Limited
i. P. Sudhakar took over as the Chairman & Managing Director of the Electronics Corporation of India Limited (ECIL) on 16 September 2013.
ii. He was working with ECIL since 1979 and was holding the Office of the Director (Technical) and acting CMD, prior to this appointment.
iii. P. Sudhakar is a graduate in Electrical Engineering from National Institute of Technology, Warangal, Andhra Pradesh and holds a Masters in Integrated Electronics and Circuits from Indian Institute of Technology, Delhi.
iv. He specialised in the areas of design, development, manufacturing, testing and commissioning. He is closely involved with the control and automation systems of all the operating nuclear power plants of the country.

11.  Indian rollerskater Rohan Kokane entered into Guinness Book
i. Rohan Kokane, a 12 year old Indian roller skating enthusiast, made it into the 2014 edition of the Guinness Book of World Records released on 12 September 2013.
ii. He is one of the youngest new record breakers to make it into the Guinness Book.
About Rohan Kokane
i. He is from Belgaum in Karnataka
ii. He is studying VII class in St. Xavier’s High School.
iii. He is the lowest limbo skater, achieving a roller skating height of just 25 cm over a distance of 10 m.

12.  Malala Yousafzai, Edward Snowden Nominated for EU's Sakharov Prize
i. Malala Yousafzai, the Pakistani teen shot by the Taliban for championing girls' education, and US intelligence leaker Edward Snowden have been nominated for the European Parliament's prestigious Sakharov human rights prize on 17 September 2013.
ii. European Parliament also named the Standing Man group, activists behind the Taksim Square protests in Istanbul in June 2013.
iii. Past winners of the Sakharov Prize include South African anti apartheid hero Nelson Mandela and former UN secretary general Kofi Annan.

About The Sakharov Prize
i. The Sakharov Prize for Freedom of Thought is awarded each year by the European Parliament. The prize was set up in 1988 to honour individuals or organisations for their efforts on behalf of human rights and fundamental freedoms.

ii. Parliament awards the human rights prize, at a formal sitting held in Strasbourg on or around 10 December, the day on which the United Nations Universal Declaration of Human Rights was signed in 1948.

13.  Malala receives top Amnesty award
i. Pakistani schoolgirl and education rights campaigner Malala Yousafzai and American singer, human rights and social justice activist Harry Belafonte were jointly awarded with Amnesty International's Ambassador of Conscience Award for 2013 on 17 September 2013 in Dublin, Ireland.
ii. The Ambassador of Conscience Award is the human rights group's highest honour, recognizing individuals who have promoted and enhanced the cause of human rights through their life and by example.

About the award
i. The Ambassador of Conscience Award is Amnesty International's most prestigious human rights award. It is given to individuals who show exceptional leadership in the fight to protect and promote human rights and human conscience.

ii. The Award, inspired by a poem written for Amnesty International by Nobel Laureate Seamus Heaney, aims to promote the work of Amnesty International by association with the life, work and example of itsAmbassadors.

14.  India retain number 1 position in ICC ODI rankings
i. India continue to occupy the number one position in the latest International Cricket Council, ICC ODI rankings with 123 rating points followed by Australia with 115 and England with 111 points.
ii. The latest ODI rankings were released by the ICC in Dubai today. Among the batsmen , South Africa’s Hashim Amla is at the top followed by fellow countryman AB Devilliers. 
iii. India’s Virat Kohli is at number four while skipper Dhoni is at number seven. Ravindra Jadeja tops the list of ODI bowlers along with Caribbean Sunil Narine and is followed by Pakistan’s Saeed Ajmal. 

45 comments:

Anonymous said...

Guys, Is there anyone who is shortlisted for Baroda Manipal School of Banking for 9th batch.

If Yes, Is your Education Loan confirmed. What documents have you submitted. And in how many days, it was confirmed. Did you enclose income documents of your Parents.

Plz revert, Very urgent.

Anonymous said...

Yes, I am shortlisted. My Loan is not yet confirmed. They asked for all documents like ID Proof, Address Proof, Academic records, Income Documents of father alongwith enclosures.

But, its not yet confirmed. I hope it will be done by tomorrow.

I am from Delhi.

Where are you from?

Is there anyone else whose Education Loan is pending?

Anonymous said...

Dude, Thanks for replying. I am from Kolkata.

I am worried because CIBIL Report is not that good. Worried a lot.

Anonymous said...

I am from AP. My Education loan was confirmed yesterday. Going to Bangalore on 23rd. Will catch you all in the campus.

Anonymous said...

No Buddy.

I am in 10th batch.

Let me know if there are any hassles.

Anonymous said...

koi bata sakta hai kya financial awareness may kaisay question aate hai ish may current gk bhi aata hai kya
mera IT specilist office RRb ka exam hai

Anonymous said...

Friends plz tell me how to reach ISHWAR CHAND VIDYASAGAR INST. OF TECH & MNGMT,NH-2 123 milestone village-akbarpur mathura.

Anonymous said...

Kya koi btayega k aj sham ko news me aya h k sarkari vibhago me naukari pe rok lgegi ..to kya bank job pe bi rok lgegi..

Anonymous said...

Kya suna sb ne ke sarkari khrche me 10% ki kami krne k liye sarkari job pe rok lga rhe h ..to kya es se bank job pe bi effect pdega?

Anonymous said...

Financial Awareness ka matlab jyada part to banking se related rehega magar current bhi aayega.. sample paper dekh sakte ho previous ibps po k

Anonymous said...

whats the difference between the PO from IBPS and PO from BOBMSB or IOBMSB??

Anonymous said...

Maa bhan... Ek kar dengy saalo ki

Anonymous said...

Kis bho wale channel ki itney himmat hui

faad ke rakh doonga

Anonymous said...

bad news for me and those who are looking carrier in government sector
Dear friends
today finance ministry said that no further vacancy
would be furnished and vacancy which are not fulfilled , since last year till yet it would not
be fill by the government , in order to reduce the government expenses.
dear friend and Adim , today i am so worried about my future ,
is this decision make any impact on banking jobs.

plz reply (Friends & Admin also )

Anonymous said...

pls tell how to improve english section ibps po exam, anybodygive me a suggestion pls, im much lag in english

Anonymous said...

finance ministry aaj pee kar baitha tha do-teen din lagegy theek hony me

Anonymous said...

do previous sets of english, bcas there is not a lots of time to complete the whole book

Anonymous said...

it wont effect bank jobs but it would surely impact those selected through SSC 2012 and still awaiting For joining . The truth is UPA government is saving money FOR their so called dream project '' Food security '' .

Anonymous said...

same here bro.............i m also worried aftr hearing d bad news...
pls admin clarify it... would it effect the banks job ? so much tensed now..........pls admin reply

Anonymous said...

Friends if any one got any news regarding this issue ...plz post here

Admin i also need your view on this issue.
plz plz plz Admin

Anonymous said...

New Delhi: Government departments have been banned from holding meetings in 5-star hotels and officials barred from executive class air travel as part of a slew of austerity measures announced Wednesday to cut non-plan expenditure by 10 percent.

Aiming to restrict the fiscal deficit to 4.8 percent of GDP in 2013-14, the Finance Ministry has ordered all ministries and departments not to buy new vehicles, create new jobs or fill posts lying vacant for over one year.


The government has been introducing austerity measures since 2008-09, most recently in November 2012.

"Such measures are intended at promoting fiscal discipline, without restricting the operational efficiency of the government.

Finance Minister P Chidambaram earlier said he had drawn a red line and would not allow the fiscal deficit to breach the target of 4.8 percent of GDP in 2013-14.

The various austerity measures helped the government to contain the fiscal deficit at 4.9 percent of GDP in the previous financial year, against the budgeted target of 5.1 percent.

The circular came a day after Chidambaram met Financial Advisors of various ministries to impress upon them the need for austerity.

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Govt announces austerity measures


The Finance Ministry said the austerity measures would also apply to autonomous bodies such as the All India Institute of Medical Sciences and All India Radio, adding that no fresh commitments would be made over and above what was provided in the Budget.

The ministry, however, did not provide any estimate of savings on account of the austerity measures.

The Finance Ministry said that the "mandatory 10 percent cut" in plan expenditure will exclude interest payments, repayment of debt, defence, capital, salaries, pensions and grants to the state.

"No re-appropriation of funds to augment the non-plan heads of expenditure on which cuts have been imposed, shall be allowed during the current fiscal," it said.

Referring to jobs in government departments, it said there will be a total ban on new posts and those that have remained vacant for more than a year will not be filled except under very rare and unavoidable circumstances.

Only seminars and conferences that are absolutely essential should be organised, it said, adding that "holding of exhibitions/seminars/conferences abroad is strongly discouraged except in case of exhibitions for trade promotions."

It said meetings and conferences in 5-star hotels would be banned and also the purchase of vehicles, except to replace condemned vehicles.

"All officers are to travel in economy class only for domestic travel, except officers in the apex scale who may travel in executive class," it said, adding the restriction will not apply for international travel.

The Secretary of each ministry and department would have to ensure that foreign travel is "restricted to most necessary and unavoidable official engagements based on functional necessity...The size of delegation and the duration of visit will be kept to the absolute minimum."

The Finance Ministry asked the departments to avoid bunching up expenditure in the last quarter to ensure that there is no infructuous or wasteful spending.

It said the Secretaries would be responsible to ensure compliance of the austerity measures and the Financial Advisors would be required to submit reports to the Finance Ministry on a quarterly basis.

The total expenditure for the current fiscal has been budgeted at Rs 16.65 lakh crore, of which non-plan expenditure has been estimated Rs 11.09 lakh crore.

For the 2012-13 fiscal, non-plan expenditure was estimated at Rs 9,69,900 crore, while actual spending was higher at Rs 9,95,139 crore.

The major increase in non-plan expenditure over the 2012-13 budget estimates arose from the additional requirement on account of subsid

Anonymous said...

BANK KI VACANCY BAND HO GAI BHAI. AB EK SAAL TAK KOI VACANCY NHI AAYEGI GOVT KI

Anonymous said...

matlab,ab jo exams hai, uska kya??????????
exam likhna bekar hai kya????kya karen ab

Anonymous said...

can any one guide me how to attempt questions in ank examzzz plz i am getting answers for the questions in examz but i am not getting interview to attend i am very much tensed about these examz

Anonymous said...

are yar koi to achha news de do about vecancies......tension badhti hi k
ja rahi he

Anonymous said...

Bhai logo don't give up . Hope by next year UPA government is gone or they would destroy the nation with their food security the rs 1.3 lakh crore f*** dream . Anyways ban is for one year and so the vacancies can be filled after a year or so .. So exam won't be bekar I hope . Please everyone keep preparing and give the exam . I believe bank jobs won't be impacted ... Even if bank jobs are banned there is enough time for bans to be lifted till the whole Selection procedure is complete . SO keep preparing and hope for the best and probably hope UPA is gone from power by next year ...

Anonymous said...

ye sarkar apne scams ki files gayab karwa rhi h aur food/vote/fuck security bill ke liye hamari uppotunities khatam kar rhi h

Anonymous said...

Banks are not government departments . They are public sector Undertakings with government shares . But there are other shareholders too . And banks wont be able to run without the required manpower . Bank Employee Salary does not Come under Government budget . It's the banks that pay the salary not the government .. RbI , Nabard , SEBI etc are however fully government controlled . So we have to wait till we get a clear picture . Meanwhile Everyone keep preparing . As SSC + upsc + RAILWAY etc jobs are hundread percent sure to be banned bank jobs could have even more competition ...

Anonymous said...

plz dont misguide anybody. Government has banned creation of new posts not the existing posts. SSC,UPSC are all existing posts of government so keep preparing and give your best.

Anonymous said...

Please someone share supreme court computer objective type question experience

Anonymous said...

hello friends ,

https://www.facebook.com/pages/Bank-of-baroda/586620488061745?ref=hl

today i make a page of BOBMSB 2013-14 batch. I request you to join this so that we can share our views ,queries and communicate so that it will be easy for us.

thanx

Anonymous said...

Anonymous18 September 2013 23:17 Read the article . It says no new job plus jobs that have remained vacant for more than a year can not be filled .So the meaning is not clear .Plz give bit of clear info about this .. http://www.hindustantimes.com/business-news/WorldEconomy/Govt-launches-austerity-drive-bans-meetings-in-5-star-hotels/Article1-1123941.aspx

Anonymous said...

i hv not taken the printout of application form of ibps po after offline payment.. Nd nw the date is gone .. :(
Is that form really needed during interview.. Or is there any way by which i can get that printout now.,? Pls tell ...

Anonymous said...

hii

Anonymous said...

yeah bro u r ryt...............banks job wont b affected by this.......unlike ssc upsc n all othr govnt jobs...........only those govt job employees come under this ban whom salary is paid by govt. on the othr side bank's salary is paid or fixed acc to banks policy and norms.........thnk god i m feeling so much relief aftr knowing about the payment of salary.........

read this .......to know much more about the salary procedure

http://browse.feedreader.com/c/Careers_Hunts_and_News_Analysis/436380696

Anonymous said...

At the time of interview they provide that link so :))

Anonymous said...

i am also worried about this info,plz clarify this

Anonymous said...

Can anybdy provide computer study material

Anonymous said...

Its been clearly said no new appointments which means in every budget session departments send allocation for creation of new posts that are sanctioned by government,so all those posts are banned not the existing posts like ssc or upsc.. These are not newly created posts but the existing posts of government.

Anonymous said...

DID not you read my comment ? Not only new jobs but also jobs which HAVE REMAINED VACANT FOR MORE THAN ONE YEAR CAN NOT BE FILLED. Means vacancy that was created by people retiring in 2012 can not be filled . Please read my comment . Not only new post there can not be no appointment in government posts .. May be I am wrong. Anyways bank jobs wont feel the impact .

Anonymous said...

r u sure...??

Anonymous said...

Yes buddy last time around they provided the link just before interview . Now relax and prepare ..

Anonymous said...

Friends, please read the news article carefully. It says that the government has 'banned the creation of new posts'. That means no new posts would be created. This thing wont affect the existing posts or the ongoing recruitment. So don't worry and keep working hard for the upcoming exams.

Samarendra Jena said...

DEAR ADMIN, ON THIS DATE, THIS ARTICLE IS PUBLISHED IN SERIAL (2)..

iii. The repurchase or the repo rate, the interest that commercial banks pay to the RBI on short-term borrowings currently stands at 7.25 percent, and reverse repo rate is at 6.25 percent.

IT CONTRADICTS THE FACT OF PRESENT RATE OF REPO AND REVERSE REPO. PLEASE CHECK AND CONFIRM.

REGARDS..

sunita gupta said...

sir, please try to be confirm that how many questions will come on each section of PO3…..IBPS PO3 notification has not given any description of no of questions, it has only given the marks distributed for each section…..plz tell me..

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