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Monday, 29 February 2016

Famous Tamil Comedy Actor Kumarimuthu Passed Away

Famous Tamil Comedy actor Kumarimuthu died in Chennai. He was 77. He was in politics as the celebrity faces of Karunanidhi headed Dravida Munnetra Kazhagam (DMK) PartyHe made his acting debut in Ival Oru Seethai in 1978. After the film Nandu written and directed by J Mahendran, he got many offers.

Govt plans dual licence for financial inclusion drive.

The government has mooted a dual-licensing policy — one a basic banking licence exclusively to meet financial inclusions obligation and the other for private sector aspirants that will offer all commercial banking services. Besides, it has suggested an overhaul of the banking sector to improve its efficiency and promote inclusive growth, in its latest economic survey.

Pakistan, US To Hold Strategic Dialogue On Monday Amid F-16 Row

Pakistan and the US will hold a ministerial-level strategic dialogue on key areas, including economy, security and counter terrorism, amid strong opposition by India as well as the US lawmakers on the proposed F-16 deal to Islamabad.

Dinesh Sharma Appointed As Chairman Of Governing Council Of IFAD

Dinesh Sharma, Additional Finance Secretary, Department Of Economic Affairs and India’s Governor to the International Fund for Agriculture Development (IFAD) was unanimously elected as the Chairperson of the Governing Council of IFAD for a period of two years in its 39th Session held in Rome, Italy.

Wawrinka Beats Baghdatis To Win Dubai Title

Switzerland Player Stanislas Wawrinka won the battle of the 30-year-olds by defeating Marcos Baghdatis of Cyprus 6-4, 7-6 (13) to win the Dubai Tennis Championships title.

The Major Highlights/Announcement of the Union Budget 2016-17

Union Finance Minister Arun Jaitley presents his third Union Budget. To support the small tax-payer and the small investor, the Minister announced a slew of schemes, and income tax exemptions.

Delhi Metro To Ferry Cargo On Airport Express Line From March 1.

The Delhi Metro is set to start a cargo service on its high-speed Airport Express Line from March 1 to transport non-perishable and e-commerce items. In start this services will be implemented on an experimental basis for three months between New Delhi and IGI Airport Metro stations.

Naveen Patnaik Has Been Elected As BJD President For The 7th Consecutive Term

Odisha Chief Minister Naveen Patnaik was formally declared elected as the president of the Biju Janata Dal (BJD) for the 7th consecutive term. Besides Naveen, 80 others were elected unopposed to the State executive of the party. The election as BJD president was a mere formality as he was the only candidate to file nomination papers for the post.

Art Of Living faces Rs 120 Cr. Fine For damaging Yamuna floodplains

The Art of Living Foundation might have to fork out Rs 120 crore as “penalty” for the damage caused to the Yamuna floodplains in the run-up to its March 11-13 event expected to be attended by three-and-a-half million devotees. A National Green Tribunal (NGT) panel has estimated Rs 100-120 crore as the cost of restoration of the western side of the floodplains after examining the extent of damage, and recommended that the amount be collected before the event.

FDI up 40 pc to $29.44b in April-December FY16

The Economic Survey for this year begins by asserting that amidst the gloomy landscape, India stands out as a haven of stability and an outpost of opportunity and it seems that foreign investors also believe so.

Union Budget 2016-2017: Live Feed

Dear Readers,

The general budget speech is going on in Loksabha and our Finance Minister, Mr. Arun Jaitley is presenting the budget for the financial year 2016-2017. We are providing you the Budget Live Feeds and it will help you learn the schemes and the changes launched by the union government.

1st BRICS Bank Loan To India Likely for Solar Project

 As per K V kamath president of New Development Bank set up by BRICS countries aims to lend up to $2 billion this year starting in about two months and the  multilateral lender’s first loan to India could be for a green solar energy project. According to him For this year, if we can approve one-and-a-half to two billion dollars .

Jaypee Sells Cement Biz To UltraTech For Rs 16,500 cr.

In one of the biggest transactions in the cement industry, the debt-laden Jaypee group signed a binding agreement on 28-feb-2016 to sell its cement business, with a capacity of 18.4 million tonnes per annum (mtpa), to the Aditya Birla Group’s UltraTech Cement, for an enterprise value of Rs 16,500 crore.Under the deal, UltraTech will pay an additional Rs 470 crore for completion of the grinding unit for 4 mtpa capacity under implementation.

And the Oscars 2016 award goes to....

The 88th Academy Awards ceremony, of the Academy of Motion Picture Arts and Sciences (AMPAS) took place at the Dolby Theatre in Hollywood, Los Angeles.
In the ceremony, AMPAS will present Academy Awards (commonly referred to as Oscars) in 24 categories.  Actor Chris Rock hosted the show for the second time.

Vinod Rai Appointed Chairman Of Newly Constituted Banks Board Bureau(BBB)

Former Comptroller and Auditor General (CAG) Vinod Rai has been appointed as the first Chairman of Banks Board Bureau (BBB). His appointment comes after Prime Minister has approved the proposal of the Department of Financial Services for the constitution of the BBB.
He is former Comptroller and Auditor General(CAG) from January 2008 and May 2013.

Saturday, 27 February 2016

Gold worth Rs. 3000 crores deposited under GMS

The Government has netted a hefty 1,131 kg of gold valuing Rs 3,014 crore under the Gold Monetisation Scheme.

Railway Budget 2016-17 Highlights

Dear Readers,

As you all are aware that the RAILWAY BUDGET is out!! We are sure you are on with the process of mugging it for your upcoming exams and interviews. We thought to give your preparations a slight push and help you in your learning process. We all know that learning with vision and sound is the best way to retain things for longer. 

So We here by present to you the Highlights of THE RAILWAY BUDGET in a VIDEO FORMAT covering all the facts presented by the Railway Minister Mr. Suresh Prabhu.

So friends, go ahead and watch the video below. Do give it a Thumbs Up if it has helped you!!

New USL Chairman appointed

The Public Sector Banks write off bad loans

Govt Mulls Publishing Names Of Those Owing Rs 1 Cr Tax Arrear

Central government is considering a proposal to publish names of people with "irrecoverable" tax arrears of more than Rs 1 crore, At present the limit for making public such names is Rs 5 crore.

Vedanta Ltd Wins First Ever Auction of An Indian Gold Mine

Indian firm Vedanta Limited, a global diversified natural resource company, won the nation’s first-ever gold mining lease auctioned by the Chhattisgarh government.

Sanjay Leela Bhansali, Ranveer Singh To Get Dinanath Mangeshkar prize

On April 24 every year, the Mangeshkar clan — led by Lata Mangeshkar — honour artistes to commemorate their father Pandit Dinanath Mangeshkar’s death anniversary. Sanjay Leela Bhansali has been consistently making films that do Indian cinema proud.

31 acre land to be allotted by Gujarat Govt. for Railway University

The Gujarat town Bans use of Mobile and Internet on Sundays

In order to maintain law & order situation in the North Gujarat town Mahesana, the district administration has issued orders to ban assembly of four or more people and blocked use of cell phones and internet on Sunday. The orders have come in wake of pro-quota agitation of Patel community.

SBI Gets Shareholders' Nod To Raise Rs. 15,000 Crore

According to State bank of India largest banker in the country approval to raise up to Rs 15,000 crore by public issue or overseas issuance of shares.In january 2016 SBI had informed about its plans to raise this sum of Rs 15,000 crore by March 2017.

Now No More Waiting At Toll Plazas Soon - NHAI Plans E-tolling

National Highways Authority of India (NHAI) has  approached  to National Payments Corporation of India (NPCI) to set up an interbank clearing house to enable e-tolling across 350 toll plazas in the country.

Economic Survey 2015-2016

Dear Readers,

As all of you know that Economic Survey 2015-16 was presented yesterday and it is one of the important ingredient of Budget Session. We have compiled all the important points of Economic Survey and all those preparing for any Government Exam can view the document. Friends, there has been a lot of spur in the Parliament and in spite of all the hurdles and speeches, the document was presented. There are many interesting points in the document. You can download the pdf version by clicking on the link below.

UltraTech Cement calls off deal with Jaiprakash Associates for Madhya Pradesh assets

Kumar Mangalam Birla-led UltraTech has called off a Rs 54000 Cr. Deal to buyingJaypee Group’s 2.1 mtpa cement plant in Madhya Pradesh as new MMDR Act 2015.

And the new FIFA President is

Gianni Infantino to take over as the new FIFA president. The Swiss official received 115 of the 207 eligible votes in the second round to earn a decisive majority over Sheikh Salman of Bahrain, who had been the strong favorite entering the election.

Mumbai won its 41st Ranji Trophy

Mumbai won the Ranji Trophy for a record 41st time with a comprehensive innings and 21 run victory over Saurashtra.

Friday, 26 February 2016

IDBI Bank To Raise Rs 1,500 cr By Selling 28 cr Shares To LIC

State-owned IDBI Bank proposes to offer about 28 Cr. shares at Rs 53.44 apiece to LIC on preferential basis to raise Rs 1,500 Cr. the bank board approved the proposal for preferential issue of capital to Life Insurance Corporation of India, aggregating up to Rs 1,500 crore (inclusive of premium amount) subject to Government of India's approval.

Justice Dinesh Maheshwari Appointed As Chief Justice Of Meghalaya High Court

Justice Dinesh Maheshwari has sworn in as the Chief justice of the Meghalaya High Court. He was administered the oath as Chief Justice by state Governor V. Shanmuganathan.

Mallya Quits royal challenge, hopes to revive spirits in UK

Vijay Mallya UB group chairman has stepped down as non-executive chairman  of United Spirits Ltd controlled by Diageo Plc,after striking a sweetheart deal with the UK  firm which  agreed to  drop all charges of irregularities under his watch, and pay him $75 million over five years in return for getting him to go.

Ratan Tata To Head Indian Railways’ innovation Committee

Suresh Prabhu, Minister of Railway has announced Ratan Tata to head the Indian Railway Innovation Committee. In 2016- 2017 he has announced plans to set up a dedicated cross functional team called Special Unit for Transportation Research and Analytics (Sutra)

Times Internet partners with Investopedia to deliver trusted financial content to India

Indian largest digital network Times Internet announced strategic partnership with, one of the web's premier destinations for financial information. In this partnership Investopedia and Times Internet will collaborate to create and curate a blend of local and international content, knowledge events and seminars to grow the brand amongst the audience in India. 

Rohit Sharma Named As Nissan’s Global Ambassador

Japanese car manufacturer Nissan has named Indian cricketer Rohit Sharma as their new global ambassadorIn its partnership with the International Cricket Council (ICC), Nissan also named West Indies all rounder Andre Russell and New Zealand women's team captain Suzie Bates as its ambassadors

EPFO Tightens Norms For Withdrawal Of Funds

Retirement fund body EPFO(Employees Provident Fund Organisation) has tightened norms on withdrawal of provident fund as well investment of such amount in Varishtha Pension Bima Yojana for its over five crore subscribers.

Highlights of Economic Survey 2015-16

The Economic Survey is presented by the ministry of  Finance in the parliament every year, before the Union Budget. The Economic Survey reviews the developments of the Indian economy over the previous 12 months, summarizes the performance on major development programs, and highlights the policy initiatives of the government and the prospects of the economy in the short to medium term. 

IDBI Bank Gets SEBI Nod To Raise Rs 3,771 cr Via QIP


SEBI has given approval to State-owned IDBI Bank market regulator to raise Rs 3,771 crore through issue of shares to qualified institutional playersa (QIP) move which would dilute the government's holding significantly in the lender.

India Sports Awards 2015 : Long Distance Runner Lalita Babar Named As The Sports Person Of The Year

India's top female Long-distance runner Lalita Babar was named as the Sports Person of the Year in the India Sports Awards 2015 in a ceremony organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) with the support of the Sports Ministry. The Indian Sports Award were given away in New Delhi at the conclusion of day one of ‘Turf 2015-16'.

Reliance Capital To Transfer Commercial Finance Business Into Separate Firm

Reliance Capital said that it will transfer its all commercial finance division into a separate company to unfold the value through sale of stake post the transfer, Reliance Capital would
be apply to the RBI for registering itself as a Core Investment Company (CIC) and this move would  also facilitated the application of banking as license and when the apex bank's policy permits.

Justice Subhro Kamal Mukherjee Sworn In As Chief Justice Of Karnataka High Court

Justice Subhro Kamal Mukherjee took oath as the 28th Chief Justice of the High Court of Karnataka. Governor Vajubhai R. Vala administered the oath to Mr. Mukherjee in a ceremony held at the Raj Bhavan in Bangaluru as per provision of Article 219.

Thursday, 25 February 2016

Cabinet Approves Arrangement For Establishment Of Indo-French Joint Committee on Science & Technology

Indo-French joint  committee to promote cooperation in science & technology under this  agreement  he Joint Committee would identify the synergise  and  define priorities for  Indo-French cooperation in science, technology and  innovationaimed to achieve  economic   and social   development  through  research, development and  innovation.

MasterCard Planning To Soon Introduced A Face Recognition System

MasterCard is planning to soon Introduce a face Recognition system that pays bills after user clicks a selfie and blinks in 14 other country apart from the US where it is currently on trial.

IBSAMAR 2016 : A Joint Naval Exercise Off Goa Coast

IBSAMAR, The 5th edition of the 11-day naval exercise between Brazil, India and South Africa is currently underway off the coast of Goa.  The Naval Exercise kicked off from Monday in Goa and will culminate on February 29. This is the first time that IBSAMAR is being conducted in Indian waters, with all its previous editions being held off the coast of South Africa.

Rajendra Singh Appointed As First Non-Navy Officer To Head Coast Guard

Rajendra Singh
appointed as first non-navy officer to head Coast Guard. T
his is the 1st time that the force will get a chief from its own internal cadre since it was set up in 1978 as the country's fourth armed force after the Army, Navy and IAF.

All About Railway Budget 2016-2017

Railway Minister Suresh Prabhu presented his second rail budget this year. He kept the fares unchanged.  In his budget speech, he said that for this budget he owes its inspiration to vision of PM Modi who said: "My vision is to make railways backbone of India’s progress & economic development."

Union Govt To Introduce Coal Linkage Auction Policy For Power Corporation

Union Govt to introduce coal linkage auction policy for power corporation which did not have such coordinations with Coal India Ltd. Anil Swarup, Coal Secretary said that the current surplus stock with Coal India Ltd (CIL) was a temporary phenomenon. 

Afghanistan's National Women's Cycling Team Nominated For Nobel Peace Prize

Afghanistan's national women's cycling team has been nominated for the 2016 Nobel Peace Prize by Italian Parliament an online campaign. The team has used the bicycle as a vehicle for social justice, enduring violence and social stigma. It is the 1st Afghan women's team to compete on the international stage, at the Asian Cycling Championships in Delhi in 2013. 

Railway Budget 2016: Live Feed

Railway Budget of India also referred as Rail Budget is the Annual Financial Statement of the state Indian Railways, which handles rail transport in India. It is presented every year by the Minister of Railways, representing the Ministry of Railways, in the parliament.
The Railway Budget is presented every year, a few days before the Union budget of India.

KN Vyas Takes Over As Director Of BARC

Scientist and Associate Director KN Vyas, Reactor Projects Group of the BARC replaced Dr. Sekhar Basu, Chairman, Atomic Energy Commission and secretary to the GOI, Department of Atomic Enegy. The Appointments Committee of the Cabinet has approved Vyas' name for a period of 3 years.