User talk:Gaurav4291/CA

Jan 2016

Sangita Kalanidhi award

• Carnatic music award by Madras music academy
• Sanjay Subramaniam won in 2015

Central banker of the year

• For year 2016 – Raghuram Rajan
• By financial times group

SBI exclusif

• SBI started wealth management services for high net worth individuals
• It is the first public bank to do so

RBI governors

• RBI has 4 deputy governors
• 2 outsiders ( a commercial banker and an economist
• 2 raised from inside

Jallikattu

• Bull taming sport
• In Tamilnadu

AMRUT

• Atal mission for rejuvenation and urban transformation
• It replaced JNNURM
• Focuses on basic facilities – sewers, drinking water, transportation, green spaces
• States will get 10% of budget as incentive based on last years performance
• States will submit a broad plan to centre for approval of funds

NFHS-4

• Institutional deliveries increased,
• Women’s literacy has increased
• Most states saw fall in sex ratio
• Obesity increased
• Hypertension has increased in rural areas (more than urban areas)

NDC

• To be scrapped
• Setup in 1952 under an executive order
• it is an extra-constitutional and non-statutory body
• it advices planning commission, but advice is not binding
• Initially it comprised of PM, CM’s of all states and members of planning commission
• It is the highest decision making body after parliament

Forest rights act

• Title rights – ownership to the land that is being cultivated upto a maximum of 4 hectares
• Use rights – to minor forest produce, to grazing areas
• Rehabilitation relief rights
• Forest management rights – forest and wildlife protection

Defence procurement procedure

• Defence acquisition council – chaired by defence minister
• New category – IDDM (Indigenously designed, developed and manufactured)
• IDDM will be given highest priority
• IDDM has two sub categories – one with 40% localization in which design is local and the other with 60% localization in which design is not local
• Offset requirement – needs 30% of project value to be invested back in India. Now project value threshold is raised from 300 to 2000 Crore

Ebola

• Originated in Liberia
• Now ended from everywhere

Neeranchal national watershed project

• Will support PM krishi sinchai yojana
• Will improve watershed management practices, rainfed irrigation management
• A project with World bank

International development association

• Lending arm of world bank
• gives loans and grants to the world's poorest developing countries — Preceding unsigned comment added by Gaurav4291 (talk • contribs) 05:34, 6 July 2016 (UTC)

BIOFIN

• This is run by UNDP
• To generate funds to meet biodiversity targets

Bharat innovation fund

• Is a public-private-academia fund
• Fund will be managed and coordinated by CIIE (centre for innovation, incubation and entrepreneurship) at IIM A
• Will support initiatives and startups in the field of life sciences, healthcare, sustainability and digital technologies.
• DBT (dept. of biotechnology) and BIRAC (Biotechnology industry research assistance council) is participating in Bharat innovation fund

NFHS-4

• India accounts for 1/3rd of world’s stunted children
• Stunting has marginally reduced, underweight children has also reduced - but in both cases numbers are still high
• Wasting (weight for height) – has also reduced
• States like MP, Bihar have shown poor performance

Human development report

• By UNDP

President’s rule in Arunachal Pradesh

• A174 – according to which there should not be a gap of more than 6 months between the last sitting of the last session and the first sitting of the new session.

IMF quota reforms

• Will double the IMF’s quota resources from $329 billion to $659 billion
• 6% of the quota will shift from US and European nations to emerging and developing nations
• IMF quota ranking – US, Japan, China.
• India, Brazil and Russia will also be in top 10
• Now executive board of IMF will consists entirely of elected executive directors. Previously, members with five largest quotas appointed executive director

Zika

• It takes its name from zika forest in Uganda, where it was detected for the first time.
• Spreads through mosquito – Aedes Aegypti and Aedes albopictus

DDUGJY

• Deen dayal upadhaya gram jyoti yojana
• Launched by ministry of power
• It subsumes Rajiv Gandhi Gramin vidyutikaran yojana (RGGVY) as its rural electrification component.
• Aim: is to augment power supply to rural areas and strengthen sub-transmission and distribution lines
• 1. To separate agricultural and non-agricultural feeders
• 2. Strengthening and augmenting sub-transmission and distribution infrastructure in rural areas
• 3. Metering

P28

• Anti-submarine warfare corvettes
• INS Kadmatt – 2nd ship in P28

IMD

• New nomenclatures recommended by committee
• New criteria classify all india rainfall into 5 categories
• 1. Normal (plus or minus 10% of long term average)
• 2. Below normal (rainfall less than 10%)
• 3. Above normal (rainfall more than 10%)
• 4. Deficient year (rainfall less than 10% to 20% and 40% of area of India)
• 5. Large deficient year (rainfall deficit more than 10% and across more than 40% of area of India)
• IMD will not use the word drought – will use deficient or large deficient year

EPFO

• Won national award on e-governance for launch of UAN (universal account number)
• EPFO is a statutory body established under Ministry of labour and employment

Digital dividends

• Report by world bank

RSBY

• Rashtriya swasthya bima yojana
• To provide health insurance to BPL famiies
• Hospitalization coverage upto 30000 Rs.

IRNSS

• Applications:
• 1. Terrestrial, aerial and marine navigation
• 2. Disaster management
• 3. Vehicle tracking and fleet management
• 4. Integration with mobile phones
• 5. Precise timing

Gold monetization scheme

• Replaces gold deposit scheme
• Deposit limit : under this scheme the minimum limit is 30 gm of 995 fineness and no upper limit.
• Time period : short term (1-3 yrs), medium term (5-7 yrs) and long term (15-17 yrs)
• All scheduled commercial banks are allowed to implement this scheme and are free to keep interest rates
• Deposits can be prematurely withdrawn subject to minimum lock-in and fine will be imposed

Feb 2016

Privilege motion

• A motion moved by a member if he feels that a minister has committed a breach of privilege of house or of one or more of its members by withholding the facts of a case.

Economic survey

• Economic survey projects real GDP for 2015-16 and 2016-17 to be in 7 to 7.75%
• CSO projects GDP for 2015-16 will be 7.6%, lower than 8.1 to 8.5% as previously projected.
• Imp. Recommendations made by economic survey
• 1. India lags in health care and india has seen 4 seasons of less rainfall, thus India should invest in health, education and agriculture.
• 2. Also advised to implement GST, strategic disinvestment, de-stressing of the balance sheets of both the private and public banks, rationalization of subsidies.
• 3. Recommended to restrict cooking gas subsidies to 10 cylinders from 12 cylinders, raising property tax
• 4. Recommended to raise resources for re-capitalization of banks by carefully leveraging the assets of RBI and other regulatory authorities.

FDI

• Delhi is the highest recipient of FDI, followed by Maharastra and Karnataka.

Rich feed off subsidies

• Rich section get most benefits from the subsidies on items like – ATF, small savings, gold, LPG, kerosene, railways

INDC

• Private investments is vital for India to meet its INDC’s

Tax payers

• Only 5.5% of people who earn are taxpayers
• Only 15.5% of net national income is reported to the tax authorities
• Tax-to-GDP ratio is well below at 16.6% as compared emerging economies (21%) and OECD (34%)
• India’s spending on education, health and human capital to GDP ratio is lowest among BRICS nations, lower than emerging economies and OECD economy.
• Solution:
• 1. Bring rich farmers in tax bracket, raise property tax and phase out tax exemptions

Industrial disputes act

• Requires firms employing more than 100 workers, needs govt.s approval before removing workers – thus it has encouraged contract workers
• Informal sector comprises majority of workforce and is worse than formal sector

DBT

• According to survey, DBT subsidies using JAM (jan dhan yojana, Aadhaar and Mobile banking) is unlikely to work in rural areas in short and medium term
• Last mile connectivity is a challenge – to provide money in the hands from bank accounts
• Solution:
• 1. Govt. should work towards increasing last mile connectivity – through increasing bank correspondents (BCs) network and spreading mobile money.
• 2. Regulations to see that BCs get proper commission
• 3. Incentivizing states by sharing savings from DBT

Boost to make in India

• Solution:
• 1. Eliminating countervailing duties on imports, monetization of land owned by public sector companies,
• 2. Allowing industries to buy electricity directly from electricity companies
• 3. India’s decision to join TPP in future can have adverse impact on make in India initiatives ( will prevent govt. from using state owned enterprises and govt. procurement as vehicles for achieving social and economic objectives and employment generation.
• 4. Parts of land lying idle with public sector companies could be pooled in and can be used to promote smart cities initiative – ecosystem for startups, for industries
• 5. Industries with high demand of electricity should buy directly from electricity companies through open access (OA) policy. Under electricity act, 2003 – companies having load of more than 1 MW can buy electricity directly from electricity companies.

Aurora

• Aurora borealis in arctic
• Aurora australis in Antarctic
• This aurora is caused when fast moving electrons from space interacts with oxygen and nitrogen molecules in the earth’s upper atmosphere.
• These electrons then transfer energy to these molecules and they reach to an excited state, when they return to their normal state they emit photons which emit light.
• oxygen is responsible for green and red colours
• Nitrogen is responsible for Blue and deep red colours — Preceding unsigned comment added by Gaurav4291 (talk • contribs) 05:48, 6 July 2016 (UTC)

National food security act

• 75% or rural and 50% of urban population are entitled for 3years from enactment to 5 kg of food grains per month at 3, 2 and 1 Rs per kg of rice, wheat and millet respectively.
• States are responsible for determining responsibility
• Pregnant women and lactating mothers are entitled to a nutritious take home ration of 600 calories and a maternity benefit of 6000 Rs for 6 months.
• Children of 6 to 14 years are eligible for free take home rations.
• The central govt. will provide funds to states in case of short supplies of food grains
• The state govt. will provide a food security allowance to the beneficiaries in case of non-supply of food grains
• The eldest women in the house above 18 years old is the head of the household for the issuance of ration card under this act.
• State food commissions will be formed for implementation and monitoring of programme
• State and district level redressal mechanism will be formed
• The poorest who are enrolled under antodaya yojana will remain entitled to 35 kgs of food grains

Cobra gold

• Multilateral exercise hosted by Thailand
• On disaster and humanitarian relief
• India participated as observer
• Pakistan, China also participated

Independent fiscal council

• Recommended by 14th finance commission
• It will objectively evaluate budget announcements
• It will act as an oversight body on finance ministry

Winston

• Cyclone in Fiji

Mar-2016

Lamitye-2016

• Indo-Seychelles joint exercise
• Counter-terrorism activity exercise between armies

CCS

• Cabinet committee of security
• Highest executive body that take decisions on defence matters
• It decides on India’s defence expenditure, looks after national security and makes important appointments
• PM – Chairman
• Home minister, Finance minister, minister of external affairs, minister of defence

Raisina dialoge

• Asian connectivity
• First conference – Delhi

Force 18

• Multinational exercise
• Peacekeeping, humanitarian
• 2016 –India
• ASEAN plus members took part

Chapchur kut

• Celebrated in Mizoram
• After completion of jhumming (forest clearing)

NCD

• Non-convertible debentures
• The debentures that cant be converted into equities or shares are called as non-convertible debentures
• It is a long term loan tool

FDI in Insurance

• Currently till 26% automatic approval is allowed. and 49% with approval from FIPB (Foreign investment promotion board)
• Now, till 49% under automatic approval, subject to verification from IRDAI (Insurance regulatory and development authority of India)

FIPB

• Foreign investment promotion board
• single window clearance authority for FDI in India

Aadhaar bill

• Important provisions:
• 1. Seeks to mandate aadhaar mandatory for availing govt. services and also provides protection to personal information
• 2. Biometric data will be an electronic record and will be classified as sensitive personal information under IT act.
• 3. Prohibits sharing of core biometric data. However personal information except core biometric can be shared subject to certain conditions.
• 4. Bill mandates agencies to inform the users how this data will be used.
• 5. UIDAI is directed to have sufficient checks and protection so that data is not leaked.
• RAJYA SABHA’S FIVE CHANGES:
• CHANGE 1: Clause 3 An individual who does not wish to continue as a holder of Aadhaar number should be permitted to have his number deleted from the Central Identities Data Repository. A certificate shall be issued within fifteen days of the request.
• CHANGE 2: Clause 7 If an Aadhaar number is not assigned to or if an individual chooses not to opt for enrolment, the person shall be offered alternate and viable means of identification for delivery of the subsidy, benefits, or service.
• CHANGE 3: Clause 33 For the words “national security”, the words “public emergency or in the interest of public safety” be substituted.
• CHANGE 4: Clause 33 The Oversight Committee (which will take a decision on whether to agree to a request to share biometric data of an individual for national security) should also include the central vigilance commissioner or the ‘comptroller and auditor general’.
• CHANGE 5: Clause 57 This clause be deleted
• Clause 57: states that “nothing contained in this Act shall prevent the use of the Aadhaar number for establishing the identity of an individual for any purpose, whether by the state or any body, company or person.”

ABS on 2 wheelers

• Compulsory by Apr 2019

BIMSTEC

• Bay of Bengal initiative for multi-sectoral technical and economic cooperation
• Members 7 nations(India, Bangladesh, Bhutan, Nepal, Sri Lanka, Myanmar and Thailand)
• HQ – Dhaka
• Chairmanship - Myanmar (2009-14), Nepal (2015-till date)
• 1st Summit - Bangkok (2004)
• 2nd summit - India (2008)
• 3rd summit - Myanmar (2014)
• 4th summit - Nepal (2016) — Preceding unsigned comment added by Gaurav4291 (talk • contribs) 08:37, 12 July 2016 (UTC)

Masala bonds

• Rupee denominated borrowings by indian entities in overseas market.
• Launched by IFC –International finance corporation

IFC

• International finance corporation
• An investment arm of the world bank

Uridashi bonds

• Are sold to Japanese households

100% FDI in E-commerce

• 100% FDI is allowed in e-commerce – market place model
• Not permitted for inventory based model
• Warranty and guarantee will be sole responsibility of seller not the market place operator
• E-commerce seller will not be able to sell more than 25% of its total sale from only one seller or group.

Union Budget

• Renaming of Dept. of disinvestment as Dept. of investment and public asset management
• Fiscal deficit target for 2016-17 : 3.5%
• 25000Rs for recapitalization of banks
• Banks board bureau to be operationalized
• Farmers income to be doubled by 2022
• Krishi kalyan cess on all services (eating out, buying property, etc.)
• PM Ujjawala scheme – LPG connections to women of BPL families

Centrally Sponsored schemes

• New divisions under CSS
• 1. Core of the core, 2. Core and 3. Optional schemes
• Core of the core – MGNREGA, all umbrella schemes for upliftment of minorities, SC and ST
• Core of the core schemes – will get fundings in the ratio of 75: 25 (Centre to State)
• Core schemes – 60 : 40
• Optional – 50:50

ICANN

• Global body that oversees operation and administration of the internet domain name system.
• It is a not-for-profit partnership

Cassini

• Sent to Saturn
• Huygens is a lander, which will land on titan (Saturn’s moon)

Quasars

• Are super massive black holes

Noyyal river

• Joins kaveri

Apr

Ranthambhore national park

• In Rajasthan
• Bounded in north by Banas river and in south by Chambal river

Migration and development brief

• A world bank report
• Reports India as the largest receiver of remittances in the world

Cassini

• NASA’s spacecraft to Saturn

Shatrujeet

• Indian army exercise in Rajasthan
• Capability to strike deep in enemy territory tested

PARAM Kanchenzenga

• N-E fastest super computer

Nomadic elephant exercise

• Between India and Mongolia
• Counter terrorism

RS quorum

• 10% members of the total strength of a House are required to be present for quorum

Press council of India

• A quasi-judicial body
• A statutory body
• Acts as a watchdog of press

Protection of human rights act

• Provides for establishment of National and State human rights commission
• A State Human Rights Commission can inquire into violation of human rights only in respect of subjects mentioned in the State List (List-II) and the Concurrent List (List-III) of the Seventh Schedule of the Constitution.
• However, if any such case is already being inquired into by the National Human Rights Commission or any other Statutory Commission, then the State Human Rights Commission does not inquire into that case.
• Composition: The State Human Rights Commission is a multi-member body consisting of a chairperson and two members.
• The chairperson should be a retired Chief Justice of a High Court
• and members should be a serving or retired judge of a High Court or a District Judge in the state with a minimum of seven years experience as District Judge and a person having knowledge or practical experience with respect to human rights.
• Appointment - The chairperson and members are appointed by the Governor on the recommendations of a committee consisting of the chief minister as its head, the speaker of the Legislative Assembly, the state home minister and the leader of the opposition in the Legislative Assembly.
• In the case of a state having Legislative Council, the chairman of the Council and the leader of the opposition in the Council would also be the members of the committee.
• A sitting judge of a High Court or a sitting District Judge can be appointed only after consultation with the Chief Justice of the High Court of the concerned state.
• Term : The chairperson and members hold office for a term of five years or until they attain the age of 70 years, whichever is earlier.
• After their tenure, the chairperson and members are not eligible for further employment under a state government or the Central government.
• Appointment and removal: Although the chairperson and members of a State Human Rights Commission are appointed by the governor, they can be removed only by the President (and not by the governor).
• The President can remove them on the same grounds and in the same manner as he can remove the chairperson or a member of the National Human Rights Commission.

Lodha panel recommendation on BCCI

• Recommendations:
• 1. Constitute one cricket body for each state. Each will have one vote
• 2. Restructuring of BCCI’s administration : A CEO with a 9 member apex body
• 3. BCCI to come under RTI purview
• 4. An ethics officer (former HC judge)
• 5. Electoral officer – for conducting board elections
• 6. Ombudsman – to deal with conflicts
• A person cannot be in the office of BCCI and also in the state body

NSS

• Nuclear security summit
• Aim – is to prevent nuclear terrorism in world
• Goal – to minimize use of highly enriched uranium, security of nuclear facilities, prevent illicit trafficking of nuclear material, bolster cooperation in nuclear security
• It covers only non-military nuclear material
• There are no legal boundations
• India’s efforts :
• 1. India has set up a permanent team of technical and security experts from multiple ministries and agencies that conducts tabletop exercises simulating nuclear smuggling,
• 2. phased out the use of highly enriched uranium (HEU) and
• 3. built a database of all radioactive sources in the country.
• It has also started real-time tracking of radioactive sources
• set up a network of 23 emergency response centres across the country for detecting and responding to any nuclear or radiological emergency — Preceding unsigned comment added by Gaurav4291 (talk • contribs) 09:05, 12 July 2016 (UTC)

Heart of asia conference

• Objective – to bring peace and stability in Afghanistan
• Held in Delhi

Aakash

• surface to air anti-aircraft defence system
• powered by Ramjet-propulsion system

teak

• has the highest capacity for carbon sequestration

May

Kalvari

• First indigenous Scorpene submarine
• P-75

Roanu

• Tropical cyclone in Bay of Bengal
• Hit Srilanka – Andhra Pradesh and Orissa on alert

GEO-6

• Global environment outlook
• Report by UN environment
• Assess major cities like Mumbai, Kolkata – there exposure to coastal flooding due to rapid urbanization and economic growth

INS Tarmugli

• Highly maneuverable fast attack craft
• Deployed at Eastern naval command
• For coastal petrol and surveillance

Nameri tiger reserve

• Assam
• Vegetation – semi evergreen, moist deciduous and open grasslands
• River – Jia bhoroli
• Pakke tiger reserve near by (Arunachal Pradesh)

Mogao caves

• Buddhist site in China
• World heritage site
• Also known as Dunhuang caves

Monetary policy committee

• The committee will have six members.
• Of the six members, the government will nominate three.
• The RBI Governor will chair the committee. The governor, however, will not enjoy a veto power to overrule the other panel members, but will have a casting vote in case of a tie.
• No government official will be nominated to the MPC.
• The other three members would be from the RBI with the governor being the ex-officio chairperson. Deputy governor of RBI in charge of the monetary policy will be a member, as also an executive director of the central bank.
• Decisions will be taken by majority vote with each member having a vote
• The government nominees to the MPC will be selected by a Search-cum-Selection Committee under Cabinet Secretary with RBI Governor and Economic Affairs Secretary and three experts in the field of economics or banking or finance or monetary policy as its members.
• Members of the MPC will be appointed for a period of four years and shall not be eligible for reappointment
• At present, the RBI’s Monetary Policy Department (MPD) assists the governor in formulating the monetary policy. Views of all key stakeholders in the economy, advice of the Technical Advisory Committee (TAC) contribute to the process for arriving at the key decision on policy repo rate — the rate at which the central bank lends to banks. The governor, however, has overriding powers to decide on interest rates.

IORA

• Indian ocean rim association
• Coastal states bordering Indian ocean
• Pakistan, Myanmar is not there

5 year plans

• 5 year plans will be scrapped for next year
• It will be replaced by 15 year vision plan
• National development agenda will be formulated – which will include social, economic, defence and internal security sectors
• 5 year plans only focused on social and economic factors
• NDA will be reviewed every 3 years

Ujala scheme

• Unnat jyoti by affordable LED’s for All

Sangai

• Brow antlered deer
• Also known as dancing deer
• Sangai is endemic to Manipur. Is rare and endangered
• Is state animal of Manipur
• IUCN – endangered
• Found in Keibul Lamjao NP near Loktak lake
• Loktak lake – famous for Phumdis (floating vegetation)