Latest bankink rates by RBI
Bank Rate
| 9.00% (w.e.f. 28/01/2014) |
same as 9.00% ( 07/10/2013)
|
| Cash Reserve Ratio (CRR) | 4.00% (wef 09/02/2013) -announced on 29/01/2013 | Decreased from 4.25%which was continuing since 30/10/2012 |
Statutory Liquidity Ratio (SLR)
| 22%(w.e.f. 05/08/2014) |
Decreased from 23% which was continuing since 31/07/2012
|
Repo Rate under LAF
| 8.0% (w.e.f.
28/01/2014)
|
Increased from 7.50% which was continuing since 20/09/2013
|
Reverse Repo Rate under LAF *
| 7.0% (w.e.f.
28/01/2014)
|
Increased from 6.50% which was continuing since 20/09/2013
|
Marginal Standing Facility (MSF) **
| 9.00% (w.e.f. 28/01/2014) |
Same as from 9.00% (w.e.f. 07/10/2013)
|
Explination.........
Bank Rate
Bank rate, also referred to as the discount rate, is the rate of interest which a central bank charges
on the loans and advances that it extends to commercial banks and other financial intermediaries.
Changes in the bank rate are often used by central banks to control the money supply.
Repo Rate
Repo rate is the rate at which our banks borrow rupees from RBI. Whenever the banks have any
shortage of funds they can borrow it from RBI. A reduction in the repo rate will help banks to get
money at a cheaper rate. When the repo rate increases, borrowing from RBI becomes more
expensive.
Reverse Repo Rate
This is exact opposite of Repo rate. Reverse Repo rate is the rate at which Reserve Bank of India
(RBI) borrows money from banks. RBI uses this tool when it feels there is too much money
floating in the banking system. Banks are always happy to lend money to RBI since their money
is in safe hands with a good interest. An increase in Reverse repo rate can cause the banks to
transfer more funds to RBI due to this attractive interest rates.
CRR
Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with RBI. If RBI
decides to increase the percent of this, the available amount with the banks comes down. RBI is
using this method (increase of CRR rate), to drain out the excessive money from the banks.
SLR(Statutory Liquidity Ratio)
SLR (Statutory Liquidity Ratio) is the amount a commercial bank needs to maintain in the form
of cash, or gold or govt. approved securities (Bonds) before providing credit to its customers.
SLR rate is determined and maintained by the RBI (Reserve Bank of India) in order to control
the expansion of bank credit. SLR is determined as the percentage of total demand and
percentage of time liabilities. Time Liabilities are the liabilities a commercial bank liable to pay
to the customers on their anytime demand. SLR is used to control inflation and propel growth.
Through SLR rate tuning the money supply in the system can be controlled efficiently.
Marginal Standing Facility (MSF)
Marginal Standing Facility (MSF) is the rate at which scheduled banks could borrow funds
overnight from the Reserve Bank of India (RBI) against approved government securities. The
basic difference between Repo and MSF scheme is that in MSF banks can use the securities
under SLR to get loans from RBI and hence MSF rate is 1% more than repo rate.
[Misc.GK] Persons in News (2012-13), Sports, Books, Awards for SSC-CGL, SBI-PO, UPSC-CSAT
Introduction
- Now this new article, is for [PIN] 2012-13, mainly keeping the upcoming SBI-PO, SSC-CGL exams in mind. It contains list of PIN + Sports + Books + awards.
- This list is not exhaustive. This is just “minimum essential system requirement”,otherwise Government gave more than 6 dozen Padma Shris in 2012, but time is not a luxury we cannot afford right now.
- This is list is subject to revision (based on your additions via comments.)
Drawing the line
- As the exam date comes near, people start making more and more ambitious plans (like I’ll finish all Pratiyogita Darpan issues of last 2 years. I’ll cover all The Hindu newspapers of last 12 months from its website and so on…).
- But, Ambitious studyplans =often unrealistic studyplans= #EPICFAIL.
- So, when it comes to Persons in News (PIN), Sports, Books and Misc.GK , you’ve to draw a line somewhere otherwise book market is flooded with “current affairs” material worth 10000 pages (and more will come, as the March-April floods approach.).
- But beyond a point it starts giving “diminishing rate of return”.
- The “core” areas for GK/GS for the upcoming exams are following:
| NCERT+NIOS+Laxmi+YearbookCurrent Affairs (Polity, Economics, Enb, Sci-Tech.) |
| Static+Science+Crap (already explained in separate article. Click me) |
| Economics (Current + theory) + International Affairs + Marketing + Computer. (elaborate plan coming soon). |
International Leaders
Country | Name | Info |
| Bhutan | Jigme Khesar Namgyel Wangchuck | King of Bhutan. Chief guest for 26th Jan. 2013. |
| Brazil | Dilma Rousseff | First woman President of Brazil. She replaced Lula Desilva. (Lula got Indira Gandhi peace prize.) |
| China | Xi Jingping | Replaced Hu Jintao, China. He is expected to become President, in March 2013. |
| China | Li Kequiang | New PM of China. Replaced Wen Jiabao. |
| China | Bo Xilai | corrupt leader in Chinese politbureu. Expelled |
| Cuba | Raul Castro | President of Cuba. Replaced Fidel Castro |
| Egypt | Mohd. Morsy | President of Egypt. |
| Eu | Herman Van Rompuy | PM of Belgium. President of European Council |
| France | Francois Hollande | President of France. He defeated Sarkozi. Belongs to Socialist party |
| Greece | Atonis Samras | PM Greece. Name is important only because Greece=#EPICFAIL economy. |
| Iran | Aytollah Khamenei | Supreme leader of Iran |
| Iran | Ahmedijad | President of Iran. |
| Israel | President Shimon Peres. PM Benjamin Netanyahu. | Their parliament =Knesset. |
| Japan | Shinzo Abe | PM japan. Defeated Yoshiko Noda. Their parliament =Diet. |
| Liberia | Ellen Sirleaf | President of Liberia, got Indira Gandhi peace price. (2012) |
| Maldives -Coup | Nasheed N Waheed | after coup, Nasheed was replaced by Waheed |
| Mali-coup | Diarra N Traore | After coup, Diarra was replaced by Traore |
| Mauritius | Rajkeshwur Purryag | President of Mauratius. He was chief guest @Pravasi bharatiya Divas 2013. |
| Mexico | Enrique Nieto | Mexico new President |
| Myanmar | Thein Sein | Myanmar president |
| Myanmar | Aung San Suu Ki | Nobel peace 91. Opposition leader in Myanmar. Party National league for democracy. Visited India in Nov 12 |
| N.Korea | Kim Jong-Un | North Korea President. After his father King Jong-il Died |
| Pak | Raja Parvez | PM of Pakistan, SC ordered his arrested. |
| Germany | Angela Markel | German Chancellor |
| Palestine | Mohd.Abbas | President of Palestine Authority |
| S.Korea | Park Geun-hye | first female President of S.Korea. She replaced Lee Myung-bak |
| Srilanka | Gen.Sarath Fonseca | Ex-General of Sri Lankan army. Was jailed after power struggle with President. |
| Srilanka | Mahinda Rajpakshe | Sri lankan President. He threw out CJI Shiran Bandaranyake. |
| Syria | Wael Halqi | PM of Syria. |
| Syria | Bashar Al Assad | President of Syria |
| Thailand | Yingluck Shinawatra | First female PM of Thailand. She was chief guest of 26thJan parade in 2012. |
| Uk | David Cameron | PM of UK. (Conservative party) He replaced Gordon Brown. |
| Uk | Nick Clegg | Deputy PM of UK. (liberal democrats) |
| Uk | Margaret Thatcher | Ex PM of UK. (Conservative Party). First lady PM of England. Died recently. |
| Usa | Obama (Democrat) | won second time Presidential election. His VP candidate was Joe Biden. |
| Usa | Mitt Romney (Republican) | Contested against Obama. His VP candidate was Paul Ryan. |
| Ven | Nicholas Maduro | President Venezuela. He replaced Hugo Chavez, who had died because of cancer. |
International Org (non political)
| name | Org |
| Ban-Ki-Moon | UN General Secretary |
| Jim Yong Kim | World Bank |
| Justice Dalveer Bhandari | Indian. became Judge of International court of Justice. |
| Christine Lagarde | Chief of IMF |
| Pascal Lamy | Chief of WTO. (update: Roberto Azevedo, a top Brazilian trade diplomat, will replace Pascal Lamy as the head of the WTO in September 2013) |
| Jacques Rogge | President IOC, olympic Committee. |
| SK Jain | first Indian to become chairman of World Assco. Of Nuke operators. |
| Nkosazana Zuma | Head of African Union (AU): First woman |
Indian in India (Non political)
Name | Org |
| Admiral Devendra Joshi | replaced Admiral Nirmal Verma |
| Air Marshal N.A.K. Browne | He replaced Pradeep Vasant Naik |
| Ashok Chawla | CCI. Competition Commission of India |
| Brajesh Mishra | India’s first National Security Advisor. During Vajpayee Government. Dead |
| Chief Justice of India Altamas Kabir | replaced SH Kapadia. |
| Duvvuri Subbarao | RBI Governor. |
| Urjit Patel | recently appointed deputy RBI Governor. |
| Ela Ramesh Bhatt | Founder of SEWA. Got Indira Gandhi Prize for Peace. (actually won in 2011, but was awarded that prize in 2013). |
| Gadgil | Committee on Western Ghat ecology. |
| Gen. Bikram Singh | he replaced Gen.VK Singh |
| Gopi Chand Narang | associated with Urdu litt. Got Pakistani award Sitara-i-Imtiaz. The highest civilian award in Pakistan is Nishan-i-Imtiaz, earlier Morariji Desai and Dilip Kumar got it |
| Gulzar | Indira gandhi award for national integration. |
| JS Verma | Committee on women safety after Delhi gangrape |
| Justice DK Jain | 20th law commission |
| Kaushik Basu | World bank Chief economist |
| KC Chakrabary | Committee : financial inclusion. Deputy Governor RBI , |
| Major Abup J. Manjali | Kirti Chakra. |
| Mrinal Gore | Noted socialist. Dead. |
| Naina Kidwai | chief of HSBC India. Became first woman President of FICCI. |
| Parthsarthi Shome | Committee GAAR . General anti avoidance rules. |
| Raghuram Rajan | Previously with IMF. Now Chief Economic Advisor to Finance ministry |
| Rahul Khullar | TRAI |
| Rangachari | Committee Taxation in IT sector |
| Rangarajan | Domestic gas price. Rangarajan is also the Chairman of Prime Minister’s Economic Advisory Council. |
| Ranjit Sinha | CBI |
| Sam Pitroda | National Knowledge Commission. |
| Satyanand Mishra | CIC. He replaced Wajahat Habibullah. |
| Shivshankar Menon | National Security Advisor (current). He replaced MK Narayan. First NSA was Brajesh Mishra who recently died. |
| Tessy Thomas | Defense scientist, making India self reliant in missile tech. Won Lal Bahdur Shashtri national award. |
| UK Singha | SEBI |
| Vergheze kurien | Amul. NDDB. Father of white revolution. Norman Barlung was father of green revolution. |
| Vijay Kelkar | Committee on Fiscal deficit. Ex-Chairman of Finance Commission |
| Vinod Rai | CAG. Also Enemy #1 of Kapil Sibbal, Manish Tewari, A.Raja and countless others in UPA. hahaha. |
| VS Sampath | Chief election Commissioner (CEC). He replaced SY Quraishi. |
| YV Reddy | He is chairman of 14th Finance Commission. (period: 2015-2020) And Chairman of 13th Finance Commission was Vijay Kelkar. |
Indian Diaspora abroad
| Name | Why |
| Ami Bera | California, House of representative. |
| Bobby Jinda | Louisiana Governer, USA, Indian origin, Republican party |
| Fareed Zakaria | worked for CNN and TIME. Suspended for plagarism. |
| Halimah Yacob | Singapore’s first woman speaker, of Indian origin. |
| Jacintha Saldana | she was a nurse in London, treating Kate William. She committed suicide after two Australian radio DJ mocked her. |
| Kamla Persad Bissessar | PM of Trinidad and Tobago. Chief Guest of PBD-2012. |
| Nikky Haley | S.Carolina Governer, USA, Indian origin, Republican party |
| Patricia Maria Rozario | UK Musician. Won PBD 2013. |
| Rajat Gupta | Jailed for insider trading in USA. Was associated with Goldman Sachs |
| Rajkeswur Purryag | President of Mauritius. Chief guest of PBD-2013 |
| Rasik Joshi | Sanskrit Litt. Mexico. Won PBD-2013 award |
| Tulsi Gabbard | 1st Hindu in US House of Representatives (their Lok Sabha). Elected from Hawai State. Party:Democrat.She took oath on Gita, Served in US army, was deployed in Iraq. |
Tulsi Gabbard
Sports
| Sport | name | why |
| Athletics | Fauja Singh | world’s oldest marathon runner. |
| Athletics | Usain Bolt | IAAF award. Got 3 gold in London Olympic |
| Athletics | Allyson Felix | IAAF award. Got 3 gold in London Olympic |
| Badminton | PV Sindhu | Asia under 19 |
| Billiards | Pankaj Advani | won the world cup |
| Chess World Cup | V.Anand | defeated Boris Gelfand |
| Cricket | Cpt. Unmukt chand | India cricket under 19 cpt, won world cup. defeated Aussies. |
| Cycling | Lance armstrong | Cyclist, banned for drugs. |
| Football | Lionel Messei | most goals in a calendar year. got Golden boot. |
| Football | Sunil Chhetri | AIFF player of the year.(2011). For 2012 It is Syed Rahim Nabi |
| Hockey | Leslie Claudius | India’s triple olympic gold medalist. Hockey. Dead. |
| London Olympic | Sushil | Silver Wrestle 66kg. He was flag-bearer. He got bronze in 2008 Beijing. |
| London Olympic | Vijay Kumar | Silver. 25 rapid fire pistol. Rajiv G.Khel ratna |
| London Olympic | Mary Kom | Bronze. Women flywt. Boxing |
| London Olympic | Gagan Narang | Bronze. 10 air-rifle |
| London Olympic | Yogeshwar dutt | Bronze. 60kg wrestle. Rajiv G.Khel ratna. |
| London Olympic | Saina Nehwal | Bronze. Single badminton |
| London Olympic | Krishna Poonia | discus throw. Did not win |
| Shooting | Ronjan Sodhi | ISSF shooting world cup: .(silver, double trap). |
| Squash | Dipika Pillia | did not win but only Indian woman to enter semifinals |
| London Olympic | Michael Phelps | Swimming. four golds and two silver medals |
Tennis
| Male | Female | |
| Aus.Open | Djkovik, Serbia | Azarenka, Belarus |
| French Open | Nadal, Spain | Sharapova, Rus |
| US Open | Ande Murray, UK | Serena Williams, US |
| Wimbledon | Federer,Swiz | Serena Williams,US |
- Bhupathi Sania won French open doubles.
- Andy Roddick, Tennis retired.
Sports Mascots
| Beijing Olympics 2008 | Fuwa (good-luck dolls) |
| Cricket World Cup 2011 | Stumpy, the elephant. |
| CWG, 2011 | Shera, the tiger. |
| Kabbadi world cup 2012, India | JAANBAZ, the eagel. |
| London Olympics 2012 | Wenlock + Mandeville. They symbolize Britain’s industrial revolution. |
| FIFA 2014 | Armadillo. |
London Olympic Mascots (click to enlarge)
Books/Literature
| author | book/info |
| Hilary Mantel | Won two man booker prizes. This time for book “Bring up the bodies”. |
| Shashi tharoor | Pax indica. It details India’s international relations. |
| Jeet Thayil | Narcopolis. Tale of mumbai’s opimioum addiction. Booker price shortlisted but did not win. Another book is “These errors are correct” |
| Ruskin Bond | Maharani |
| JK Rowling | The Casual Vacancy (Harry Potter author) |
| N.Vittal | Ending corruption: how to clean up Iondia |
| Kushwant Singh. | Free thinker’s prayer book |
| Amitav Ghosh | River of smoke |
| Sudheendra Kulkarni | Music of spinning wheel |
| Salman Rushdie | Joseph Anton. |
| APJ Kalam | Turning Points |
| Aravind Adiga | Last man in tower |
| Tarun Tejpal | The Valley of Masks |
| Taslima Nasreen | Nirbasan |
| Kuldeep Nayar | Beyond the lines |
| Kushwant singh | Turbaned Tornado: The Oldest Marathon Runner Fauja Singh |
| Verghese Kurien | An Unfinished Dream |
| Verghese Kurien | The Man Who Made The Elephant Dance |
| Hamid Ansari | Muslim in Indian cities |
| I K GUJRAL | Matters of Discretion: An Autobiography |
| Pt. ravi shankar | Living to Tell It All |
| Vikram Chandra | Red Earth and Pouring Rain |
| Syed Mustafa Siraj | Aleek Manush – 1994 |
Authors Dead
| Sunil Gangopadhyaya | Bengali writer. Sahitya Acadamy chief. |
| Kamla Sadgopan | Tamil novelist |
| Eric Hobsbawm | Noted Marxist Historian from UK |
Nobel-2012
| Category | Who? | Why? |
| Gurdon, Yamanaka | Regenerative medicine. Cure disease by growing tissues in lab. |
| Haroche, Wineland | Measure quantum particles, without destroying them. |
| Lefkowitz, Kobilka | Protein receptors that let body cell respond to signals. |
| Mo Yan | First Chinese writer to get this award. |
| Roth, Shapley. | Stable allocation + market design. |
| EU | Lolz |
Nobel winners associated with India
| Medicine |
| Physics |
| Chemistry |
| Peace |
| Litt. |
| Economics |
| Litt. |
| Litt. |
Astro
| Name | Why |
| Cpt. Nivedita Bhasin | First Indian woman to command boeing 787 |
| Liu Yang | first Chinese woman astro. |
| Neil Armstrong | Apollo 11. 1969. First man to land on moon. Dead. |
| Sally Ride | First American woman astro. Dead. A Moon crate named after her. |
| Sunita Williams | Take a command of international space station. second Indian woman, first kalpana chawala. |
Beauty
| Miss Universe, USA. |
| Miss Earth 2012. from czech. |
| Miss World 2012 (China). Last Indian to win was Priyanka Chopra. |
Clichéd
following names have become so clichéd in current affairs related books, magazines and sites that they can be simply ignored for the exam:
| Homai Vyarawala | India’s first woman photojournalist. Dead. |
| Chanda Kochhar | ICICI |
| Malala Yousufzai | Pakistani girl, shot by Talibans, survived. |
| Indra Nooyi | Pepsi |
| Pandit Ravi Shankar | Sitar Maestro. Will get Grammy award posthumously. |
ok so that’s it for the moment, if you feel any important names/terms have been left out or if there is any correction in the tables, do post it in comments and I’ll update the article accordingly.
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