Thursday, February 28, 2013

HIGH-LIGHTS OF UNION BUDGET 2013-14


*.All realty stocks shoot up after Finance Minister announces incentive for home loan
*.Re-financing capacity of SIDBI increased to Rs 10,000 crore from Rs 5,000 crore for Ministry of Small and Medium Enterprises
*.Eastern Indian states to get Rs 1,000 crore allocation for improving agricultural production.
4. Rs 7 lakh crore target fixed for agriculture credit for 2013-14 compared to Rs 5.75 lakh crore in the current year.
*. Expenditure for 2014 up 16% at Rs16.65 trillion
*.Rs 37,330 crore allocated for Ministry of Health & Family Welfare
*.Rs 110 crore to be allocated to the department of disability affairs, says FM.
*.Rs 3511 crore allocated to Minority Affairs Ministry which is 60 per cent of the revised estimates.
*.Additional sum of Rs 200 crore to Women and Child Welfare Ministry to address issues of vulnerable women
*.Securities and Exchange Board of India to simplify procedures for foreign portfolio investors Propose to provide Rs. 14,000 cr for capital infusion in public sector banks Inflation indexed bonds and NSCs to be introduced JNNURM is being continued in the 12th Plan; Rs. 14,873 cr to be provided to the Mission
*Rs. 33,000 crore to be allocated to MNREGA
*Rs. 6000 crore for rural housing fund, Rs. 2000 cr for urban housing fund
*All towns having population of 10,000 to get LIC office *Rashtriya Swasthya Bima Yojna to be extended to rickshaw pullers and rag pickers *SEBI to simplify procedures for entry of foreign portfolio investors in India: Chidambaram *Rs. 110 cr to be allocated to department of disability: Chidambaram *Foreign investment imperative for growth: Chidambaram *No choice but to cut spendings to control inflation: Chidambaram


*Two new ports to be built in West Bengal and Andhra Pradesh
*List of eligible securities will be enlarged: Chidambaram
*All public sector bank branches to have ATMs
*Focus on modernisation of powerloom sector
*Propose to continue with the technology upgradation, funds scheme for textile sector: Chidambaram
*Rs. 1650 cr allocated for AIIMS like institutes
*Natural gas pricing policy will be reviewed: Chidambaram
*Person taking home loan for the first time to get tax cut of Rs. 1 lakh
*Regulatory authority to be set up for road sector
*Rs. 17,700 crore to be allocated for Integrated Child Development Scheme
*Rs. 5000 cr allocated to NABARD
*Income level of Rajiv Gandhi equity schemes increased by Rs. 2 lakh
*Rs. 80, 194 crore allocated for rural development: Chidambaram
*Rs. 25,000 cr to be raised through tax free bonds: Chidambaram
*Rs. 10,000 crore for food security bill promised by UPA: Chidambaram
*Infrastructure debt fund to be encouraged: Chidambaram
*Rs. 37,330 cr allocated to ministry of health and family welfare: Chidambaram
*Rs. 41,000 allocated for scheduled caste welfare: Chidambaram
*Rs. 27,49 cr to be allocated to the agriculture ministry: Chidambaram
*Plan expenditure in 12th Five Year Plan revised to Rs. 14,30,825 cr or 96% of budgeted expenditure
* Scholarships for students from SC/ST, minority communities: Chidambaram
*Increased allocation for safe drinking water and sanitation:
*Increased allocation for mid-day meal schemes: Chidambaram
*Rs. 65,000 cr allocation for education schemes: Chidambaram
*Rs. 110 cr to be allocated to department of disability: Chidambaram
*Need $ 75 billion to bridge current account deficit: Chidambaram
*2013-14 budget has sub-plans for SC, ST, youth and women: Chidambaram
*Our economy has slowed down after 2010: Chidambaram
*China and Indonesia are growing faster than India:
*Getting back to 8% growth is a challenge for country: Chidambaram
*Our goal is higher growth: Chidambaram
*Between 2004-2008 and again in 2009-10, 2010-11 the growth rate was over 8%: Chidambaram
*.National Livestock Mission launched with Rs 307 crore
*. Rs 15269 crore for water and sanitation
*. Rs 9954 crore and Rs 2250 crore for crop diversification under different schemes.
*. 17% increase in budgetary support for HRD ministry. Good step. We need many more schools and colleges
*. Rs 13215 crore for mid-day meal scheme
*Plan expenditure Rs 555322 cr, non-plan Rs 1199074 crore
*Rs 5,80,000 crore to states and Union Territories
*Rashtriya Swasthya Bima Yojana to include rickshaw pullers, taxi drivers and ragpickers.
*National Institute of Sports Coaching to be set up in Patiala at a cost of Rs 253 crore
*Rs 5400 crore to department of space and Rs 5600 crore to department of atomic energy.
*Defence gets upwards of Rs 2,00,000 crore, Rs 86721 crore for capital expenditure. No cuts but a hike.
*Rs 11500 crore for backward areas
*KYC of banks enough to get insurance
*No changes in Income Tax rates or slabs, Rs 2000 credit for those earning up to Rs 5 lakh per annum.
*Surcharge on those earning above Rs 1 crore
*Surcharge on corporate taxes increased.
*Rural housing to get Rs 6000 crore, urban housing Rs 2000 crore
-To present draft bill on GST in the next few months
 - Tax credit of Rs 2000 to be provided to every person to having income of up to Rs 5 lakh
 - Air Conditioned restaurants serving liquor to be under the ambit of service tax
 - Customs duty on imported cars hiked from 75% to 100%
 - No tax slab change means benefit restricted to lowest slab and not shared by those in the higher income slabs
 - Commodity transaction tax introduced (CTT) at 0.1%
 -Raising of DDT from 5% to 10 % will be taken negatively by the market.
 - fiscal deficit marginally lower than Economic Survey deficit figure of 5.3%, but enough to stop market decline for time being
 - will follow global policy on determining if investment is FII or FDI: less than 10% by one entity, it will be FII, more will be FDI
 - will set up India's first women's bank as a public sector bank
 - Natural Gas Pricing Policy to be reviewed; Natural Gas and Shale Gas pricing policy to benefit ONGC, Reliance
 - 17% hike in allocation to education
 - Widows, single women, vulnerable women allocated additional sum of Rs 200 crore to begin work
 -Global growth slowed to 3.2% vs 3.9% yoy



HIGH-LIGHTS OF UNION BUDGET 2013-14


*.All realty stocks shoot up after Finance Minister announces incentive for home loan
*.Re-financing capacity of SIDBI increased to Rs 10,000 crore from Rs 5,000 crore for Ministry of Small and Medium Enterprises
*.Eastern Indian states to get Rs 1,000 crore allocation for improving agricultural production.
4. Rs 7 lakh crore target fixed for agriculture credit for 2013-14 compared to Rs 5.75 lakh crore in the current year.
*. Expenditure for 2014 up 16% at Rs16.65 trillion
*.Rs 37,330 crore allocated for Ministry of Health & Family Welfare
*.Rs 110 crore to be allocated to the department of disability affairs, says FM.
*.Rs 3511 crore allocated to Minority Affairs Ministry which is 60 per cent of the revised estimates.
*.Additional sum of Rs 200 crore to Women and Child Welfare Ministry to address issues of vulnerable women
*.Securities and Exchange Board of India to simplify procedures for foreign portfolio investors Propose to provide Rs. 14,000 cr for capital infusion in public sector banks Inflation indexed bonds and NSCs to be introduced JNNURM is being continued in the 12th Plan; Rs. 14,873 cr to be provided to the Mission
*Rs. 33,000 crore to be allocated to MNREGA
*Rs. 6000 crore for rural housing fund, Rs. 2000 cr for urban housing fund
*All towns having population of 10,000 to get LIC office
*Rashtriya Swasthya Bima Yojna to be extended to rickshaw pullers and rag pickers
*SEBI to simplify procedures for entry of foreign portfolio investors in India: Chidambaram
*Rs. 110 cr to be allocated to department of disability: Chidambaram
*Foreign investment imperative for growth: Chidambaram
*No choice but to cut spendings to control inflation: Chidambaram


*Two new ports to be built in West Bengal and Andhra Pradesh
*List of eligible securities will be enlarged: Chidambaram
*All public sector bank branches to have ATMs
*Focus on modernisation of powerloom sector
*Propose to continue with the technology upgradation, funds scheme for textile sector: Chidambaram
*Rs. 1650 cr allocated for AIIMS like institutes
*Natural gas pricing policy will be reviewed: Chidambaram
*Person taking home loan for the first time to get tax cut of Rs. 1 lakh
*Regulatory authority to be set up for road sector
*Rs. 17,700 crore to be allocated for Integrated Child Development Scheme
*Rs. 5000 cr allocated to NABARD
*Income level of Rajiv Gandhi equity schemes increased by Rs. 2 lakh
*Rs. 80, 194 crore allocated for rural development: Chidambaram
*Rs. 25,000 cr to be raised through tax free bonds: Chidambaram
*Rs. 10,000 crore for food security bill promised by UPA: Chidambaram
*Infrastructure debt fund to be encouraged: Chidambaram
*Rs. 37,330 cr allocated to ministry of health and family welfare: Chidambaram
*Rs. 41,000 allocated for scheduled caste welfare: Chidambaram
*Rs. 27,49 cr to be allocated to the agriculture ministry: Chidambaram
*Plan expenditure in 12th Five Year Plan revised to Rs. 14,30,825 cr or 96% of budgeted expenditure
* Scholarships for students from SC/ST, minority communities: Chidambaram
*Increased allocation for safe drinking water and sanitation:
*Increased allocation for mid-day meal schemes: Chidambaram
*Rs. 65,000 cr allocation for education schemes: Chidambaram
*Rs. 110 cr to be allocated to department of disability: Chidambaram
*Need $ 75 billion to bridge current account deficit: Chidambaram
*2013-14 budget has sub-plans for SC, ST, youth and women: Chidambaram
*Our economy has slowed down after 2010: Chidambaram
*China and Indonesia are growing faster than India:
*Getting back to 8% growth is a challenge for country: Chidambaram
*Our goal is higher growth: Chidambaram
*Between 2004-2008 and again in 2009-10, 2010-11 the growth rate was over 8%: Chidambaram
*.National Livestock Mission launched with Rs 307 crore
*. Rs 15269 crore for water and sanitation
*. Rs 9954 crore and Rs 2250 crore for crop diversification under different schemes.
*. 17% increase in budgetary support for HRD ministry. Good step. We need many more schools and colleges
*. Rs 13215 crore for mid-day meal scheme
*Plan expenditure Rs 555322 cr, non-plan Rs 1199074 crore
*Rs 5,80,000 crore to states and Union Territories
*Rashtriya Swasthya Bima Yojana to include rickshaw pullers, taxi drivers and ragpickers.
*National Institute of Sports Coaching to be set up in Patiala at a cost of Rs 253 crore
*Rs 5400 crore to department of space and Rs 5600 crore to department of atomic energy.
*Defence gets upwards of Rs 2,00,000 crore, Rs 86721 crore for capital expenditure. No cuts but a hike.
*Rs 11500 crore for backward areas
*KYC of banks enough to get insurance
*No changes in Income Tax rates or slabs, Rs 2000 credit for those earning up to Rs 5 lakh per annum.
*Surcharge on those earning above Rs 1 crore
*Surcharge on corporate taxes increased.
*Rural housing to get Rs 6000 crore, urban housing Rs 2000 crore
-To present draft bill on GST in the next few months
 - Tax credit of Rs 2000 to be provided to every person to having income of up to Rs 5 lakh
 - Air Conditioned restaurants serving liquor to be under the ambit of service tax
 - Customs duty on imported cars hiked from 75% to 100%
 - No tax slab change means benefit restricted to lowest slab and not shared by those in the higher income slabs
 - Commodity transaction tax introduced (CTT) at 0.1%
 -Raising of DDT from 5% to 10 % will be taken negatively by the market.
 - fiscal deficit marginally lower than Economic Survey deficit figure of 5.3%, but enough to stop market decline for time being
 - will follow global policy on determining if investment is FII or FDI: less than 10% by one entity, it will be FII, more will be FDI
 - will set up India's first women's bank as a public sector bank
 - Natural Gas Pricing Policy to be reviewed; Natural Gas and Shale Gas pricing policy to benefit ONGC, Reliance
 - 17% hike in allocation to education
 - Widows, single women, vulnerable women allocated additional sum of Rs 200 crore to begin work
 -Global growth slowed to 3.2% vs 3.9% yoy



HIGH-LIGHTS OF UNION BUDGET 2013-14


*.All realty stocks shoot up after Finance Minister announces incentive for home loan
*.Re-financing capacity of SIDBI increased to Rs 10,000 crore from Rs 5,000 crore for Ministry of Small and Medium Enterprises
*.Eastern Indian states to get Rs 1,000 crore allocation for improving agricultural production.
4. Rs 7 lakh crore target fixed for agriculture credit for 2013-14 compared to Rs 5.75 lakh crore in the current year.
*. Expenditure for 2014 up 16% at Rs16.65 trillion
*.Rs 37,330 crore allocated for Ministry of Health & Family Welfare
*.Rs 110 crore to be allocated to the department of disability affairs, says FM.
*.Rs 3511 crore allocated to Minority Affairs Ministry which is 60 per cent of the revised estimates.
*.Additional sum of Rs 200 crore to Women and Child Welfare Ministry to address issues of vulnerable women
*.Securities and Exchange Board of India to simplify procedures for foreign portfolio investors Propose to provide Rs. 14,000 cr for capital infusion in public sector banks Inflation indexed bonds and NSCs to be introduced JNNURM is being continued in the 12th Plan; Rs. 14,873 cr to be provided to the Mission
*Rs. 33,000 crore to be allocated to MNREGA
*Rs. 6000 crore for rural housing fund, Rs. 2000 cr for urban housing fund
*All towns having population of 10,000 to get LIC office
*Rashtriya Swasthya Bima Yojna to be extended to rickshaw pullers and rag pickers
*SEBI to simplify procedures for entry of foreign portfolio investors in India: Chidambaram
*Rs. 110 cr to be allocated to department of disability: Chidambaram
*Foreign investment imperative for growth: Chidambaram
*No choice but to cut spendings to control inflation: Chidambaram


*Two new ports to be built in West Bengal and Andhra Pradesh
*List of eligible securities will be enlarged: Chidambaram
*All public sector bank branches to have ATMs
*Focus on modernisation of powerloom sector
*Propose to continue with the technology upgradation, funds scheme for textile sector: Chidambaram
*Rs. 1650 cr allocated for AIIMS like institutes
*Natural gas pricing policy will be reviewed: Chidambaram
*Person taking home loan for the first time to get tax cut of Rs. 1 lakh
*Regulatory authority to be set up for road sector
*Rs. 17,700 crore to be allocated for Integrated Child Development Scheme
*Rs. 5000 cr allocated to NABARD
*Income level of Rajiv Gandhi equity schemes increased by Rs. 2 lakh
*Rs. 80, 194 crore allocated for rural development: Chidambaram
*Rs. 25,000 cr to be raised through tax free bonds: Chidambaram
*Rs. 10,000 crore for food security bill promised by UPA: Chidambaram
*Infrastructure debt fund to be encouraged: Chidambaram
*Rs. 37,330 cr allocated to ministry of health and family welfare: Chidambaram
*Rs. 41,000 allocated for scheduled caste welfare: Chidambaram
*Rs. 27,49 cr to be allocated to the agriculture ministry: Chidambaram
*Plan expenditure in 12th Five Year Plan revised to Rs. 14,30,825 cr or 96% of budgeted expenditure
* Scholarships for students from SC/ST, minority communities: Chidambaram
*Increased allocation for safe drinking water and sanitation:
*Increased allocation for mid-day meal schemes: Chidambaram
*Rs. 65,000 cr allocation for education schemes: Chidambaram
*Rs. 110 cr to be allocated to department of disability: Chidambaram
*Need $ 75 billion to bridge current account deficit: Chidambaram
*2013-14 budget has sub-plans for SC, ST, youth and women: Chidambaram
*Our economy has slowed down after 2010: Chidambaram
*China and Indonesia are growing faster than India:
*Getting back to 8% growth is a challenge for country: Chidambaram
*Our goal is higher growth: Chidambaram
*Between 2004-2008 and again in 2009-10, 2010-11 the growth rate was over 8%: Chidambaram
*.National Livestock Mission launched with Rs 307 crore
*. Rs 15269 crore for water and sanitation
*. Rs 9954 crore and Rs 2250 crore for crop diversification under different schemes.
*. 17% increase in budgetary support for HRD ministry. Good step. We need many more schools and colleges
*. Rs 13215 crore for mid-day meal scheme
*Plan expenditure Rs 555322 cr, non-plan Rs 1199074 crore
*Rs 5,80,000 crore to states and Union Territories
*Rashtriya Swasthya Bima Yojana to include rickshaw pullers, taxi drivers and ragpickers.
*National Institute of Sports Coaching to be set up in Patiala at a cost of Rs 253 crore
*Rs 5400 crore to department of space and Rs 5600 crore to department of atomic energy.
*Defence gets upwards of Rs 2,00,000 crore, Rs 86721 crore for capital expenditure. No cuts but a hike.
*Rs 11500 crore for backward areas
*KYC of banks enough to get insurance
*No changes in Income Tax rates or slabs, Rs 2000 credit for those earning up to Rs 5 lakh per annum.
*Surcharge on those earning above Rs 1 crore
*Surcharge on corporate taxes increased.
*Rural housing to get Rs 6000 crore, urban housing Rs 2000 crore


Wednesday, February 27, 2013

Uttarakhand Gramin Bank invites applications For OA & OS I


Uttarakhand Gramin Bank invites applications from Indian citizens, for the post of Officer in Junior Management  (Scale I) Cadre and Office Assistant (Multipurpose) from Indian citizens who have appeared at the Common Written  Examination for RRBs conducted by IBPS in September 2012 and declared qualified. For More Information CLICK HERE

Important Dates :-

Payment of Application Fees 27-02-2013 to 12-03-2013 
Opening date for Online Registration 27-02-2013 
Last Date for Online Registration 12-03-2013 

Monday, February 25, 2013

Oscar Awards 2013 winners List

Best Picture - Argo

Best Actor - Daniel Day-Lewis for Lincoln

 Best Actress - Jennifer Lawrence for Silver Linings Playbook

Best Direction - Ang Lee for Life of Pi

Best Writing - Original Screenplay - Quentin Tarantino for Django Unchained

Best Writing - Adapted Screenplay - Chris Terrio for Argo

Best Original Song - Adele for Skyfall

Best Original Score - Mychael Danna for Life of Pi

Best Production Design - Lincoln - Rick Carter (Production Design); Jim Erickson (Set Decoration).

Best Film Editing - William Goldenberg for Argo

Best Actress in a Supporting Role - Anne Hathaway for Les Miserables

Best Foreign Language Film – Amour

Best Documentary - Feature – Searching for Sugar Man

Best Documentary - Short Subject - Inocente

Best Short Film - Live Action - Shawn Christensen for Curfew

Best Make-Up and Hair Styling - Lisa Westcott and Julie Dartnell for Les Misérables

Best Costume Design - Jacqueline Durran for Anna Karenina

Best Visual Effects - Life of Pi

Best Cinematography - Claudio Miranda for Life of Pi

Best Animated Feature Film - Brave

Best Short Film - Animated - John Kahrs for Paperman

Best Supporting Actor - Christoph Waltz for Django Unchained

Friday, February 08, 2013

What is Basel?


Basel is a city in Switzerland which is also the headquarters of Bureau of International Settlement (BIS). BIS fosters co-operation among central banks with a common goal of financial stability and common standards of banking regulations. Currently there are 27 member nations in the committee. Basel guidelines refer to broad supervisory standards formulated by this group of central banks- called the Basel Committee on Banking Supervision (BCBS). The set of agreement by the BCBS, which mainly focuses on risks to banks and the financial system are called Basel accord. The purpose of the accord is to ensure that financial institutions have enough capital on account to meet obligations and absorb unexpected losses. India has accepted Basel accords for the banking system.

 Basel I

 In 1988, BCBS introduced capital measurement system called Basel capital accord, also called as Basel 1. It focused almost entirely on credit risk. It defined capital and structure of risk weights for banks. The minimum capital requirement was fixed at 8% of risk weighted assets (RWA). RWA means assets with different risk profiles. For example, an asset backed by collateral would carry lesser risks as compared to personal loans, which have no collateral. India adopted Basel 1 guidelines in 1999.

 Basel II

 In 2004, Basel II guidelines were published by BCBS, which were considered to be the refined and reformed versions of Basel I accord. The guidelines were based on three parameters. Banks should maintain a minimum capital adequacy requirement of 8% of risk assets, banks were needed to develop and use better risk management techniques in monitoring and managing all the three types of risks that is credit and increased disclosure requirements. Banks need to mandatorily disclose their risk exposure, etc to the central bank. Basel II norms in India and overseas are yet to be fully implemented.

 Basel III

 In 2010, Basel III guidelines were released. These guidelines were introduced in response to the financial crisis of 2008. A need was felt to further strengthen the system as banks in the developed economies were under-capitalized, over-leveraged and had a greater reliance on short-term funding. Also the quantity and quality of capital under Basel II were deemed insufficient to contain any further risk. Basel III norms aim at making most banking activities such as their trading book activities more capital-intensive. The guidelines aim to promote a more resilient banking system by focusing on four vital banking parameters viz. capital, leverage, funding and liquidity(by:business-standard)

Result of Common Interview for Recruitment of Probationary Officers/ Management Trainees (CWE-POs/MTs-II)

The results of CWE- Probationary Officer Phase II has been announced in the IBPS website.
Click Here To View Result of Common Interview for Recruitment of Probationary Officers/ Management Trainees (CWE-POs/MTs-II)