Documente Academic
Documente Profesional
Documente Cultură
com/blogs
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6.75%
(unchanged)
2.Reverse Repo
5.75%
(unchanged)
4.00%
(unchanged)
21.50% (unchanged)
7.75%
(changed)
6.Bank Rate
7.75%
(changed)
Basis points - one Basis Point is a unit equivalent to 0.01% i.e. 1/100th of a percent.
2. Raghuram Rajan conferred with the Central Banker of the Year Award 2016 - The Reserve Bank of India Governor, Dr.
Raghuram Rajan conferred with the Central Banker of the Year Award (Global and Asia Pacific) for 2016 by The Banker, a
monthly publication of the Financial Times Group focussing on banking.
3. Urjit Patel reappointed as RBI deputy governor for 3 years - The Government of India re-appointed Dr. Urjit R. Patel as
the Deputy Governorof the Reserve Bank of India, for a further period of three years.
He is the fourth deputy governor, the other three being HR Khan, R Gandhi and SS Mundra.
4. Reserve Bank of India increased its shareholding in National Housing Bank by contributing Rs 1,000 crore towards the
paid capital, thereby increasing its shareholding in theNHB from Rs 450 crore to Rs 1,450 crore.
5. RBI seeks additional 26k cr for PSU banks - The RBI has sought an additional 26,000 crore from the government by
2018 for capital infusion into Public Sector Undertaking (PSU) banks for implementing Basel-III norms in the banks. The
government has already pledged 70,000 crore for the purpose by the end of FY19.
6. RBI Governor Dr Raghuram Rajan elected as Vice-Chairman on BIS Board - With this, he became the first Indian to be
elected to this position in the Bank for International Settlements (BIS).
Note: At present, Jens Weidmann is the Chairman of the Board of Directors. He is also the head of Bundesbank, the
German banking regulator.
7. RBI imposes Rs 1 crore fines on State Bank of Travancore - Reserve Bank has imposed a penalty of Rs. 1 crore on an
SBI associate bank, State Bank of Travancore, for violation of some of its instructions.
8. Deepak Singhal appointed Executive Director of Reserve Bank of India - The Reserve Bank of India (RBI) appointed
Deepak Singhal as the Executive Director (ED). He replaced K K Vohra who will now look after the Deposit Insurance and
Credit Guarantee Corporation (DICGC).
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13. RBI to Issue Rs. 500, Rs. 1000 Bank Notes with Enhanced Features - The Reserve Bank of India (RBI) will issue Rs. 500
and Rs. 1,000 bank notes with additional features to aid the visually impaired in identification. To help visually impaired
person in easy identification of bank notes, RBI decided to add two more features in Rs. 500 and Rs. 1000 bank notes.
14. RBI to issue Rs 5 coin on golden jubilee of 1965 Indo-Pak war - The Reserve Bank of India will shortly put into
circulation Rs 5 coins to commemorate golden jubilee of Indo-Pak War 1965. "The coins will be legal tender as provided in
The Coinage Act 2011.
15. RBI granted 'in-principle' approval to set up Small Finance Banks & Payment Banks
Small Finance Banks The purpose of the small banks will be to provide a whole suite of basic banking products
such as deposits and supply of credit, but in a limited area of operation. The aim of small banks is to increase financial
inclusion in the country. The small bank shall be registered as a public limited company under the Companies Act,
2013.
Committee on Small Banks - Usha Thorat
RBI granted 'in-principle' approval to the 10 applicants to set up Small Finance Banks.
Names of selected applicants
Au Financiers (India) Ltd., Jaipur
Capital Local Area Bank Ltd., Jalandhar
Disha Microfin Private Ltd., Ahmedabad
Equitas Holdings P Limited, Chennai
ESAF Microfinance and Investments Private Ltd.,
Chennai
The in-principle approval granted will be valid for 18 months to enable the applicants to comply with the
requirements under the Guidelines and fulfill other conditions as may be stipulated by the RBI.
Eligibility - Resident individuals with 10 years of experience in banking and finance, companies and Societies will be
eligible as promoters to set up small banks.
Key points
Capital requirement - The minimum paid-up capital requirement for small banks is Rs. 100 crore.
As per the guidelines, the promoters' initial minimum contribution will be at least 40 % of the minimum capital, to be
locked in for a period of 5 years.
Small banks will offer both deposits as well as loan products.
They cannot set up subsidiaries to undertake non-banking financial services activities.
The maximum loan size and investment limit exposure to single/group borrowers/issuers would be restricted to 15
per cent of total capital funds.
Loans and advances of up to Rs 25 lakhs, primarily to micro enterprises, should constitute at least 50 per cent of the
loan portfolio.
For the first three years, 25 per cent of branches should be in unbanked rural areas.
The foreign shareholding in the bank would be as per the extant FDI policy.
For the initial three years, prior approval will be required for branch expansion.
Payment Banks The main objective of payment banks is to increase financial inclusion in the country via a primary
focus on domestic payments services by providing small savings accounts. Payments banks will be used only for
transaction and deposits purposes. Unlike small banks, payments banks cannot lend money.
Committee on Payment Banks - Dr. Nachiket Mor
RBI granted 'in-principle' approval to 11 Payment Banks applicants.
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Key Points:
Capital requirement - The minimum paid-up capital requirement for payments banks is Rs. 100 crore.
The Reserve Bank grants a license for commencement of banking business under Section 22(1) of the Banking
Regulation Act, 1949.
RBI's in-principle nod will be valid for a period of 18 months, during which time the applicants have to comply with
the requirements under the Guidelines and fulfill the other conditions as may be stipulated by the Reserve bank.
As per the guidelines, the promoters' initial minimum contribution will be at least 40 % of the minimum capital, to be
locked in for a period of 5 years.
The payments bank will need to invest 75 percent of its funds in government securities.
Payments banks can open small savings accounts and accept deposits of up to Rs.1 lakh per individual customer and
provide remittance services. Hence, the balance at the close of business on any day should not exceed Rs.1 lakh per
customer.
Payments banks can issue debit cards but they are not eligible to provide credit card facilities.
Payments Banks are allowed to set up their own ATMs (automated teller machines).
Payments banks will have to invest in government securities with a maturity of up to 1 year.
Difference between Small & Payment Banks
(i) Small banks can accept all types of deposits like a commercial bank ( savings, current, fixed deposits, recurring
deposits etc) on the other hand
Payment banks can take deposits only on current & savings account. These cannot offer credit cards, NRI account, &
time deposits( FD & RD).
(ii) Small banks cannot give depositors money as loan to others ( big industries) , but for small area of operation.
Payment banks cannot give loans but can invest in G securities ( as most of the depositors are poor people. so, banks
cannot take a risk).
(iii) For small banks - - - NBFC's , any individual with 10 years of experience in banking can apply for licenses.
For payment banks - - - Indian post, telecom companies can apply for licenses.
(iv) Target for small banks are MSME's, business man.
For Payment banks, poor people.
16. RBI extends deadline to exchange pre-2005 notes to June 30, 2016 - Reserve Bank extended the deadline for
exchanging pre-2005 currency notes of various denominations, including Rs 500 and Rs 1,000, by another six months to
June 30, 2016 from earlier date December 31, 2015.
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Chinese President Xi Jinping officially launched Asian Infrastructure Investment Bank (AIIB) in Beijing. The opening
ceremony of AIIB is attended by representatives of 57 member countries.
Key Facts
With authorised capital of $100 billion and subscribed capital of $50 billion, Beijing-based AIIB will invest in sectors
including energy, transportation, urban construction, and logistics as well as education and healthcare.
The bank was formally established in Beijing on December 25, 2015.
The headquarter of AIIB is located in Beijing, China.
Chairman - Chinese Finance Minister, Lou Jiwei,
First President of AIIB- Chinas former Finance Minister, Jin Liqun
In all 57 countries have joined as founding members, while the US and Japan have stayed out.
Largest shareholders of AIIB China 30.34%, India - , 8.52%, Russia - 6.66%
Their voting shares of China - 26.06%, India -7.5 %, Russia - 5.92 %.
Based on the shareholding, India is expected to get the Vice-Presidents post.
The AIIB will work together with multilateral development banks, including the World Bank and the Asian
Development Bank, to facilitate Asian infrastructure construction and sustainable development.
India elected to new AIIB Banks First Board - Dinesh Sharma, Additional Secretary of Ministry of Finance elected
to the 12-member board.
Union Finance Minister of India Arun Jaitley is the designated governor of the AIIB from the country.
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Other Banking & Financial News 5. India gets more voting rights in IMF reforms International Monetary Funds (IMFs) longpending 2010 Quota and Governance Reforms
have finally become effective and came into effect
on 27 January 2016.
Indias voting rights increased by - 0.3% from
the current 2.3% to 2.6%.
Chinas voting rights increased by - 2.2% from
current 3.8% to 6 %.
China will have the 3rd largest IMF quota and
voting share after the US and Japan.
6. Govt revises down 2014/15 GDP growth to 7.2%
y/y - Government revised down its annual economic
growth for the fiscal year that ended in March 2015 to
7.2 percent from 7.3 percent reported earlier.
7. HDFC Bank to sell loans to non-customers through
ATMs.
8. TranServ launches Indias first social mobile wallet
Udio - TranServ, a leading digital payments company,
has launched Indias 1st Social Mobile Wallet, Udio.
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4. IMF 7.3%
5. ADB (Asian Development Bank) 7.4%
6. Central Statistics Organisation (CSO) 7.6%
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CURRENT AFFAIRS
New Appointments/ National
New Delhi Police Chief Alok Kumar Verma
New Chairman of Chairman of The Energy and
Resources Institute (TERI) - Ashok Chawla. He
replaces B V Sreekantan.
New Secretary of Department of Industrial Policy and
Promotion (DIPP) - Ramesh Abhishek
New Executive Vice-Chairman of The Energy and
Resources Institute (TERI) - Rajendra K Pachauri
New Chief Justice of Bombay High Court - Justice
Dhirendra Hiralal Waghela
New DG of Sashastra Seema Bal (SSB) - Archana
Ramasundaram
Note: She became the first woman to head a
paramilitary force.
New DG of CRPF - K. Durga Prasad.
New DG of BSF - K.K. Sharma.
New Census Commissioner of India Sailesh. He
replaces C Chandramauli.
Achyuta Samanta elected as General President of
105th Indian Science Congress
New Chairman of Internet and Mobile Association of
India (IAMAI) Kunal Shah.
New Chairman of Central Board of Direct Taxes
(CBDT) - Atulesh Jindal. He replaces A K Jain.
New Mumbai Police Commissioner - Datta
Padsalgikar. He succeeds Ahmed Javed, who was
appointed as Ambassador to Saudi Arabia.
New Chief Commissioner for Persons with
Disabilities - Kamlesh Kumar Pandey.
New Chairman & Managing Director (CMD) of
National Thermal Power Corporation (NTPC) Limited.
- Gurdeep Singh
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Governor of States of India 1. Jammu & Kashmir N.N. Vohra (Narinder Nath
Vohra)
2. Arunachal Pradesh - J P Rajkhowa
3. Manipur - V Shanmuganthan gets additional charge of
Manipur. Present Governor of Manipur Syed Ahmed
passed away.
4. Tripura - Keshari Nath Tripathi.
5. Bihar Ram Nath Kovind.
Appointments/ International
Prime Minister
New PM of Burkina Faso's - Paul Kaba Thieba
New PM of Georgia - Giorgi Kvirikashvili
New PM of Canada - Justin Trudeau (second
youngest prime minister to serve Canada)
New PM of Nepal KP Sharma.
New PM of Greece - Alexis Tsipras
President
1st female President of Taiwan - Tsai Ing-wen
New President of Portugal - Marcelo Rebelo de Sousa
Others Appointment
New Vice President of Asian Infrastructure
Investment Bank (AIIB) - DJ Pandian
Saroj Kumar Jha appointed as Senior Director in
World Bank.
New Director of the United Nations Information
Centre (UNIC) - Tamar Hahn
New Chairman of General Motors - Mary Barra. She
succeeds Tim Solso.
Indian-born Harjit Sajjan sworn-in as Defence
Minister of Canada
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International
1. World Economic Forum 2016 meeting held in
Davos, Switzerland.
The official theme of the 2016 meeting is
Mastering the Fourth Industrial Revolution.
2. 15th G -20 Summit 2015 Antalya, Turkey
Women G20 Summit 2015 Istanbul, Turkey
The focus of the W20 is to enhance the role of
women in business.
Gulden Turktan was appointed as the first
president of the group.
She is one of the founders and President of the
Women Entrepreneurs' Association in Turkey
(KAGIDER), and is currently a member of its
Executive Board.
16th G -20 Summit 2016 - China
17th G -20 Summit 2017 - Germany
G20 Members: Argentina, Australia, Brazil,
Canada, China, France, Germany, India, Indonesia,
Italy, Japan, Mexico, Russia, Saudi Arabia, South
Africa, South Korea, Turkey, the United Kingdom,
the United States of America and European Union.
3. 7th BRICS Summit 2015 Ufa, Russia.
Theme of the summit - BRICS Partnership a
Powerful Factor of Global Development.
8th BRICS summit 2016 - New Delhi, India
Note: BRICS nations include - Brazil, Russia,
India, China and South Africa.
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Important Committees
1. Kamlesh Chandra Committee - to examine the wage
structure, service conditions of the Gramin Dak Sevaks
(GDS) in the Department of Posts (DoP).
2. Adam Lewis Panel - to safeguard integrity in
International tennis.
3. Shyam Benegal Committee - to look into revamp the
film certification nuances by Central Board of Film
Censors (CBFC).
4. RM Lodha Committee - on the IPL betting scandal.
5. Dr T K Viswanathan Committee - on Bankruptacy
Law Reforms
6. A P Shah committee - to look into the dispute
between Oil and Natural Gas Corporation Limited
(ONGC) and Reliance Industries Limited (RIL) on
Krishna Godavari (KG) gas fields.
7. L Narasimha Reddy Committee - to look into the
implementation of One Rank One Pension (OROP)
scheme for the ex-servicemen.
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National News
1. Mysuru Indias cleanest city among 73 cities
Msuru has emerged as the cleanest city for the
second year in a row while Chandigarh,
Tiruchirapalli , the New Delhi Municipal
Council and Visakhapatnam make up the top five.
The other in the dirty list included Dhanbad,
Asansol, Patna, Meerut, Raipur, Ghaziabad,
Jamshedpur, Kalyan Dombivilli and Itanagar.
Top 5 cleanest cities in India
1. Mysuru
2. Chandigarh
3. Tiruchirapalli 4. New Delhi Municipal Council
5. Visakhapatnam
2. India sets target to eliminate malaria by 2030 India has set a target to eliminate malaria disease
by 2030 and will allocate infrastructure and
financial resources towards this task.
Launching the National Framework for Malaria
Elimination (NFME) 2016-2030, which outlines
Indias strategy for elimination of the disease by
2030.
3. Vizag to be first major port to run on solar energy
Vizag port in Andhra Pradesh is set to run its
entire operations on solar power from next
month thus it will be the first to run operations on
solar energy.
VPT, which has recently commissioned 2MW
solar power plants with in investment of 60
crore, will be adding another 8 MW capacity in
about a month from now.
4. Gujarat to have Indias first disabled-friendly
beach
Gujarat has launched its latest project on making
beaches more inclusive for the disabled. The
Tithal beach in Valsad district is all set to become
the first disabled-friendly beach in India.
The Tithal Beach is the most popular tourist spot
in Gujarat with an average of thousand visitors on
a weekly basis. People with disability were
missing out on the experience, as it is an arduous
task to negotiate a wheelchair on sand.
5. Maharashtra tops Internet readiness index: report
Maharashtra has emerged as the top ranking
state in terms of the overall Internet readiness
index, followed by Karnataka, Gujarat,
Telengana and Tamil Nadu, according to a
report released by the Internet and Mobile
Association of India (IAMAI).
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International News -
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Jharkhand
1. Jharkhand first state to sign up for UDAY reforms.
2. Jharkhand Government inaugurated land bank web
portal. Jharkhand Chief Minister Raghubar Das
inaugurated the states land bank web portal,
jharbhoom.nic.in, that will help investors know landrelated information.
Kerala
1. Perumanna Grama Panchayat in Kozhikode district
of Kerala has become the first Panchayat in the State,
to declare its own water policy.
2. Kerala Govt declares state as "Digital State" - Kerala
Government has declared state totally digital, thus
becoming first state in the country to achieve it.
3. Kerala Government inaugurated a 12 MW solar power
project at Cochin International Airport.
Note: With this project, Cochin airport became the
first airport in India to run on solar power. This
project is estimated to generate approximately 50000
units of electricity daily. Through this project, the
airport will technically become grid power neutral.
Madhya Pradesh
1. 1st Mega Food Park (MFP) of Madhya Pradesh
inaugurated at Panwa village in Kasarwad tehsil of
Khargone district.
2. Madhya Pradesh Government declared 33 percent
quota for women in government jobs
3. Madhya Pradesh Government launches M-ShikshaMitra mobile app for teachers
4. Bharat Heavy Electricals Limited (BHEL)
commissioned a 500 MW coal-based power plant unit
at Vindhyachal Super Thermal Power Station (STPS) in
Vindhyanagar, Singrauli district of Madhya Pradesh.
5. Shree Singaji Thermal Power Plant (600 MW) launched
in Khandwa district of Madhya Pradesh.
Odisha
1. Now free education to SC/ST students under
Anwesha - The state government of Odisha has
launched a scheme named Anwesha which aims to
provide free education to scheduled caste and
scheduled tribe students from remote areas in urban
area public schools.
As per the scheme, 5 thousand children would be
enrolled in class-I every year. At present around 3.5
lakh SC and ST students are availing the residential
facility in the state.
2. Tata Steel has commissioned the first phase of its
integrated steel plant at Kalinganagar steel plant in
Jajpur district of Odisha
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Rajasthan
1. Rajasthan has become the first state in the country
to submit State Annual Action Plan under Atal Mission
for Rejuvenation and Urban Transformation
(AMRUT).
Tamil Nadu
1. Tamil Nadus first Global Investors Summit (TNGIM
2015) held in Chennai.
2. World Bank offers $400 million loan to the Tamil Nadu
government for its Sustainable Urban Development
Project.
Telangana
1. Kakatiya thermal plant commissioned in
Telangana The 600-MW Kakatiya thermal power plant
commissioned at Bhoopalapally in Warangal
district of the State.
This is the first major power plant to be
commissioned after the formation of the new State
of Telangana in June 2014.
2. e-Vahan Bima Scheme launched by Telangana State
Govt.
Government of Telangana launched e-Vahan Bima
Scheme to issue motor insurance policy in digital
form in the state.
Uttar Pradesh
1. Union Government launched Ganga Gram at Village
Puth in Hapur district of Uttar Pradesh (UP). Under
the scheme, 1600 villages of UP situated along the
banks of river Ganga will be developed.
2.
3. BHEL commissions Prayagraj power project unit in
Uttar Pradesh
State-run Bharat Heavy Electricals Limited (BHEL)
has commissioned a 660 MW unit of Prayagraj
Super Thermal Power Project at Bara town in
Allahabad district of Uttar Pradesh.
This is the first supercritical thermal unit to be
commissioned in the state to achieve capacity
addition on attaining full load.
It is Greenfield thermal power project is owned
by Prayagraj Power Generation Company Limited
(PPGCL), a subsidiary company of Jaiprakash
Power Ventures Limited.
4. UP launches helpline number for journalists with
number 1880.
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International
1. Sushil Koirala - Former Prime Minister
2. Edgar Mitchell - US astronaut Edgar Mitchell, who was
the sixth man to walk on the Moon, has died aged 85.
3. Marvin Minsky - Pioneer in Artificial Intelligence
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18. 2015 Harikrishna Devsare Baalsahitya Award Veteran Hindi poet Balkrishna Garg conferred with
the 2015 Harikrishna Devsare Baalsahitya Award in
New Delhi.
19. Colombian film Embrace of The Serpent adjudged
best film of 46th IFFI
Colombian film Embrace of The Serpent has been
adjudged as the best film of the 46th International
Film Festival of India (IFFI) Directed Ciro Guerra of
Embrace of The Serpent was bestowed with the Golden
Peacock award and the cash prize of 40 lakh rupees.
20. Legendary actor Dilip Kumar conferred with Padma
Vibhushan Award.
Padma Awards Padma Awards, one of the highest civilian Awards of the country, are conferred in three categories, namely, Padma Vibhushan,
Padma Bhushan and Padma Shri. The awards are announced on the occasion of Republic Day every year.
The list comprises of 10 Padma Vibhushan, 19 Padma Bhushan and 83 Padma Shri Awardees
List of Padma Vibhushan awardees
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International
1. Best First Foreign Film award
Titli has bagged the Best First Foreign Film Award
conferred by the French Syndicate of Cinema Critics
2016 (FSCC). Kanu Behl is the director of the film
Titli.
69th BAFTA Awards 2016 announced - This year
saw the 69th British Academy Films Awards (BAFTAs)
being announced on 14 February 2016, which was held
at the Royal Opera House in London. The awards were
announced to honour the best British and international
contributions to film in 2015.
Mad Max: Fury Road won four awards for its return
to the big screen: Costume Design, Production Design,
Make Up & Hair and Editing.
List of Awards
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4.
5.
6.
7.
8.
9.
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11. Costa novel award Kate Atkinson has won the Costa novel award for
the second time, for her novel for A God in Ruins.
12. Priyanka Chopra wins Peoples Choice Award for
Quantico
Bollywood star Priyanka Chopra has bagged the
favourite actor in new TV series honour at the
2016 Peoples Choice Awards for her
performance of an FBI recruit on American show
Quantico.
Priyanka becomes the first Indian actor to
register a win at the Peoples Choice Awards
List of Golden Globe Awards 2016 winners - The 73rd
Golden Globe Awards honored the best in film and
American television of 2015.
The Winners List for MOTION PICTURES
The
Funds of Fund worth Rs 10,000 Crore will be created, for development and growth of innovative enterprises.
Credit Guarantee Fund Rs 500 Crore per year over next 4 years.
Profits of Start-up units will be tax-free for 3 years.
No labour Inspection for 3 years instead self-certification based regime to be followed.
Quicker and subsidized (i.e. 80%) patent clearance mechanism to be evolved.
New mobile App to register Start-ups & apply for Online Clearances will be operational from April 1, 2016.
Provision of easier exits (within 90 days) for failed ventures under the Bankruptcy and Insolvency Bill, 2015.
500 sector specific incubators, including 5 new Bio clusters will be established across the country.
Under this, 35 new incubators, 7 new research parks, 31 innovation centers will be set up at the National institutes
under the public private partnership mode.
Under Atal Innovation Mission, seeds fund and Pre- incubation training will be given.
Capital gains tax to be exempted for venture capital investments. The exemption,however, will be applicable only
when only when the proceeds are invested in another startup.
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An innovation programme will be launched in 5 lakh schools across the country to nurture innovation among 10 lakh
children.
To protect intellectual Property Rights, a new scheme will be developed.
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Scheme highlights:
Gold Monetisation Scheme (GMS), 2015 - The GMS will replace the existing Gold Deposit Scheme, 1999. However,
the deposits outstanding under the Gold Deposit Scheme will be allowed to run till maturity unless the depositors
prematurely withdraw them.
Few things to know about the scheme
Instead of buying gold in physical form investors can park their money in bonds which are backed by gold. The bonds
will be available both in demat and paper form.
Sovereign Gold Bond has more or equal advantage against the physical gold. The bond will be issued by RBI on behalf
of the Government of India.
Maximum Limit - The bond would be restricted for sale to resident Indian entities and the maximum allowable
limit is 500 grams per person per year.
Rate per gram - The RBI has fixed the public issue price of sovereign gold bonds at Rs 2,684 per gram.
Denominations - These bonds will be issued in denominations of 5, 10, 50 and 100 grams of gold or other
denominations.
Know-your-customer (KYC) norms will be the same as that for purchase of physical gold. KYC documents such as
Voter ID, Aadhaar Card/PAN or TAN /Passport will be required.
Gold coins and Bullion Scheme - The coins will be available in denominations of 5 and 10 grams. A 20 gram bar or
bullion will also be available. About 15,000 coins of 5 gm, 20,000 coins of 10 gm and 3,750 gold bullions will be
made available through MMTC outlets.
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(ii) The scheme aims at alleviating the financial crunch faced by Power Distribution companies (DISCOMs) that has
impaired their ability to buy electricity.
(iii) The scheme targets the revival of DISCOMs. It will also ensure a sustainable permanent solution to the problem.
How UDAY will revive the DISCOMS?
UDAY will empower DISCOMs with the opportunity to break even in the next 2-3 years through four initiatives:
Improving operational efficiencies of DISCOMs.
Reduction of cost of power.
Reduction in interest cost of DISCOMs.
Enforcing financial discipline on DISCOMs through alignment with state finances.
Key features of UDAY
States will take over 75 percent of DISCOM debt as on 30 September 2015 over two years.
Union Government will not include the debt taken over by the states n the calculation of fiscal deficit of respective states in
the financial years 2015-16 and 2016-17.
States will issue non-SLR including SDL bonds in the market or directly to the respective financial institutions holding the
DISCOM debt to the appropriate extent.
States will take over the future losses of DISCOMs in a graded manner.
States accepting UDAY and performing as per operational milestones will be given additional/priority funding through
schemes of Ministry of Power and Ministry of New and Renewable Energy.
States not meeting operational milestones will be liable to forfeit their claim on IPDS and DDUGJY grants.
7. Green Indian Mission (GIM) Plans Approved for 4 States - National Mission for a Green India (GIM) falling under the
Environment Ministry has approved annual plans for Kerala, Mizoram, Manipur and Jhakhand.
Note: GIM, which is one of the eight Missions outlined under National Action Plan on Climate Change (NAPCC),
acknowledges the influence forests have on environmental amelioration through climate change mitigation, food security,
water security, biodiversity conservation and livelihood security of forest-dependent communities.
8.
SEHAT scheme - The Union government launched a telemedicine initiative 'Sehat' in collaboration with Apollo
Hospitals to provide healthcare facilities in rural areas. The initiative was launched by Union Communication and IT
Minister Ravi Shankar Prasad at a function in New Delhi.
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This contribution is in addition to the 250 crore rupees contributed by the government as grant-in-aid in the EPS in
order to provide minimum pension of 1,000 rupees to pensioners under the scheme.
12. e-Pragati to pave way for Digital Andhra Pradesh Key points
Andhra Pradesh State government is now rechristening the AP State Enterprise Architecture (APSEA) as e-Pragati.
APSEA is a comprehensive architecture to leverage the latest advances in e-governance tools.
e-Pragati extends to 33 secretariat departments and over 300 government agencies in AP.
It seeks to provide a bouquet of 745 services in the government to customer (G2C), government to business (G2B),
government to enterprise (G2E) and government to government (G2G) areas.
13. Union Government has launched the Pradhan Mantri Khanij Kshetra Kalyan Yojana (PMKKKY) for the welfare of
people affected by mining related operations.
14. Union Cabinet approves Shyama Prasad Mukherji Rurban Mission to drive economic, social and infrastructure
development in rural areas.
Note: In this regard, Union Government has earmarked an outlay of Rs. 5142.08 crores rupees for the mission to develop
300 clusters over next three years across the country.
15. Union Government launches 2nd phase of Mission Indradhanush
Key points
Union Ministry of Health and Family Welfare launched the second phase of Mission Indradhanush to achieve full
immunization of children below two years.
In the second phase, the week-long programme will be implemented in 352 districts of the country.
Mission Indradhanush depicts 7 colours of the rainbow which aims to cover all those children by 2020 who are
either unvaccinated or are partially vaccinated against 7 vaccine preventable diseases.
These 7 diseases are Diphtheria, Whooping cough, Tetanus, Polio, Tuberculosis, Measles and Hepatitis B.
WHO (World Health Organisation), UNICEF, Rotary International and others are donor partners for Mission
Indradhanush.
Note: The mission was launched in December 2014 on the occasion of National Good Governance Day. The first phase
drive was started in April 2015 in 201 districts covering 45 lakh children and immunising 20 lakh children.
16. PM Narendra Modi launches IPDS in Varanasi to ensure 247 power supply to every house
Key points
Prime Minister Narendra Modi launched National Integrated Power Development Scheme (IPDS) in Varanasi, Uttar
Pradesh to provide 247 power supply to every house.
To start the scheme in Varanasi, PM laid foundation stone of two power substations and Union Government will
provide 572 crore rupees to implement it.
Apart from launching IPDS, PM also laid the foundation stone of seven other developmental projects in Varanasi. He
also formally inaugurated the biggest Trauma centre of the country in Banaras Hindu University.
17. Union Government launches SAHAJ scheme for online release of new LPG connections
Union Government has launched SAHAJ scheme for online release of new LPG connections for the consumers as parts
of its consumer friendly initiative.
It was launched by Union Petroleum and Natural Gas Minister Dharmendra Pradhan at a function held in New Delhi.
18. Pradhan Mantri Awas Yojana (PMAY) - Prime Minister Narendra Modi launched the Housing for All by 2022 scheme,
also known as the Pradhan Mantri Awas Yojana (PMAY) in New Delhi. The Housing for All scheme will replace all
previous government housing schemes such as the Rajiv Awas Yojana.
Two other schemes were also launched as complementary to the affordable housing scheme, a scheme for development of
Smart Cities across the country and the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) that allows
for urban renewal and upgradation of infrastructure in the major urban tracts of the country.
I. Atal Mission for Rejuvenation and Urban Transformation (AMRUT) Prime Minister Narendra Modi launched
AMRUT mission aimed at transforming 500 cities and towns into efficient urban living spaces, with special focus on a
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healthy and green environment for children. The Cabinet approved Rs 50,000 crore for this mission which is to be spent
over the next five years.
Note: Rajasthan has become the first state in the country to submit State Annual Action Plan under Atal Mission for
Rejuvenation and Urban Transformation (AMRUT).
II. Smart Cities Mission - Prime Minister Narendra Modi launched Smart Cities Mission, focus on developing 100 select
Smart cities by focusing on optimising efficiencies in urban services and infrastructure management, with proactive use
of technology and people participation. The Cabinet approved of Rs 48,000 crore outlay to be spent on the project over
the next five years.
19. Deendayal Upadhyaya Gram Jyoti Yojana - Union Government launched Deendayal Upadhyaya Gram Jyoti Yojana
(DUGJY) in Patna, Bihar. The flagship scheme was launched by Prime Minister Narendra Modi with an aim to provide
247 uninterrupted electricity supply to each rural household across the country by 2022.
Key points
(i) This scheme replaces Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY), which was launched by previous UPA
government led by then PM Manmohan Singh.
(ii) The scheme is one of the flagship programmes of the Power Ministry.
(iii) It also seeks to strengthen Micro grid and off grid distribution network of rural electrification.
20. HRIDAY - Heritage City Development and Augmentation Yojana Union Ministry of Urban Development launched the
National Heritage Development and Augmentation Yojana (HRIDAY) for 12 cities in the country from Amritsar, Punjab.
The scheme was launched by Union Minister of Finance, Corporate Affairs and Information & Broadcasting Arun Jaitley.
Key points (i) The scheme seeks to preserve and rejuvenate the rich cultural heritage of the country in the 12 selected cities in the
country.
(ii) With a duration of 27 months (completing in March 2017) and a total outlay of INR 500 Crores, the Scheme is set to be
implemented in 12 identified Cities namely, Ajmer, Amaravati,(Andhra Pradesh), Amritsar, Badami, Dwarka, Gaya,
Kanchipuram, Mathura, Puri, Varanasi, Velankanni and Warangal.
21. Skill India campaign 2015 - Prime Minister Narendra Modi launched Skill India campaign at Vigyan Bhawan, New Delhi
on first ever World Youth Skills Day on 15th July 2015.
Key points
(i) The campaign aims to converge and monitor skill development schemes across the country as well as provide
subsidized loans to students for vocational training.
(ii) A Skill Loan has been launched, where loans from 5,000 to 1.5 lakh rupees will be available to over 34 lakh youth,
over the next five years.
22. Mobile app Disha launched in Bihar - Telecom Minister Ravi Shankar Prasad launched a new mobile app named Disha
to promote digital literacy in Bihar.
23. Grama Jyothi scheme launched in Telangana - Telangana Chief Minister K. Chandrasekhar Rao launched a flagship
programme Grama Jyothi across the state.
24. RISHTA project launched in Himachal Pradesh - Himachal Pradesh Government launched the Rajiv Gandhi
Illuminating Scheme for Hill Town Advancement (RISHTA) project, an efficient smart LED based street lighting project.
With this, Himachal Pradesh became the first state in North India to do so.
Key points
(i) The scheme is also known as Centralized Control and Monitoring System (CCMS) Smart Street Lighting Scheme
for Urban Local bodies which implements LED based street lighting project.
25. Namami Gange Program - Union Cabinet chaired by the Prime Minister Narendra Modi approved the flagship Namami
Gange Program. It has a budgetary outlay of 20000 crore rupees for 2015-20. It will be implemented National Ganga
River Basin Authority (NGRBA) with the help of State Program Management Groups (SPMGs).
26. Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) - Agriculture Irrigation Scheme.
Key points:
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Scheme aims at providing irrigation facilities to every village in the country by converging ongoing irrigation schemes
implemented by various ministries.
Budgetary allocation: 1,000 crore rupees for fiscal year 2015-16.
Funding Pattern: Centre- States will be 75: 25 per cent. In case of north-eastern region and hilly states it will be 90:10.
27. Sukanya Samriddhi Yojana: It is a small deposit scheme for the girl child.
Key points of the scheme
In one family, a maximum of two accounts can be opened for two girl children. The account can be transferred
anywhere in India from one Post office/Bank to another.
Age Limit: The upper age limit of the girl child for opening this account is 10 years. The govt. has given a relaxation of
one year in the upper age limit for those opening accounts till December 1, 2015.
Documents required - 1. Birth Certificate of the girl child. 2. Address proof. 3. Identity proof.
Minimum & Maximum deposit: The minimum deposit under the scheme is Rs. 1000/-. The maximum deposit is Rs.
1.5 lakhs. There is no limit on the number of investments one can make in an account either in a month or in a year.
Interest rate: The government will announce the interest rate of the scheme every year. However, the government of
India has increased the rate of interest from 9.1% (2014-15) to 9.2% (2015-16) for this financial year.
Maturity period: The maturity period of the scheme is 21 years from the date of account opening, though deposits
need to be made only for the first 14 years.
The minimum lock-in in period under the Sukanya Samriddhi Yojana is 11 years.
28. Pradhan Mantri Kaushal Vikas Yojana (PMKVY):
The scheme aims to impart skill training to youth with focus on first time entrants to the labour market and class 10
and class 12 drop outs.
The scheme will be implemented by the Union Ministry of Skill Development and Entrepreneurship through the
National Skill Development Corporation (NSDC). I
t will cover 24 lakh persons and skill training would be based on the National Skill Qualification Framework (NSQF)
and industry led standards
29. Bhagyashree scheme: It is girl child scheme was launched in Maharashtra. Bollywood actress Bhagyashree is the brand
ambassador of the scheme.
Key points of the scheme:
The state government will deposit an amount of 21200 rupees in bank for a girl child born in a Below the Poverty Line
(BPL) family.
The scheme aims at providing one 1 lakh rupees on maturity after the girl completes 18 years of age.
The scheme would be linked to the Beti Bachao Beti Padhao scheme of Union Government.
30. Rashtriya Avishkar Abhiyan (RAA): Former President of India Dr. APJ Abdul Kalam launched the Rashtriya Avishkar
Abhiyan (RAA) in New Delhi. The abhiyan aims to inculcate a spirit of inquiry, creativity and love for Science and
Mathematics in school children. Rashtriya Avishkar Abhiyan is a concept developed by the Ministry of Human Resource
Development. RAA is an effort to take forward the Prime Minister Narednra Modis vision of Digital India, Make in India
and Teach in India.
31. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY): It is a low premium insurance scheme which will link with the
Pradhan Mantri Jhan Dhan Yojna.
32. Atal Pension Yojana (APY): It is a scheme mainly for workers in unorganised sector. The scheme will be administered by
the Pension Fund Regulatory and Development Authority (PFRDA) and replace the previous government's Swavalamban
Yojana NPS Lite.
Key points of the scheme:
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The subscribers who will joined the scheme would receive the fixed pension of Rs. 1000 per month, Rs. 2000 per
month, Rs. 3000 per month, Rs. 4000 per month, Rs. 5000 per month, at the age of 60 years, depending on their
contributions.
Age limit: minimum 18 years and maximum age is 40 years.
A subscriber can contribute for minimum period of 20 years or more and pension payment will start at the age of 60
years.
The government of India has decided to co-contribute 50% of the subscriber's contribution or Rs. 1000 per annum,
whichever is lower, to each eligible subscriber account, for a period of 5 years, i.e., from 2015-16 to 2019-20, who join
the NPS before 31st December, 2015 and who are not income tax payers.
33. Pradhan Mantri Suraksha Bima Yojana (PMSBY): It is an insurance scheme which covers death or disablement of the
policyholder caused due to accident or accidental injuries.
Key points of the scheme:
Age limit: Minimum 18 yrs and maximum 70 years.
The scheme will be a one year cover, renewable from year to year and would be administered through the Public
Sector General Insurance Companies in collaboration with Banks.
Risk coverage: Rs. 2 Lakh and for partial disability cover of Rs. 1 Lakh.
Premium: Rs.12 per annum. The premium will be directly auto-debited by the bank from the subscribers' account.
34. Kisan Vikas Patra Saving scheme relaunched by government of India.
Key points
(i) Money will be doubles in 8 years 4 months (100 months). Thus the applicable interest rate is 8.7%
(ii) KVP will be available in denominations of Rs.1,000, Rs. 5,000, Rs. 10,000, and Rs. 50,000.
(iii) There will be no upper ceiling on investment.
(iv) Minimum lock-in period is 2 years and 6 months.
(v) KVP can be encashed in eight equal monthly installments after the lock-in period.
(vi) No KYC norms would be applicable at the time of purchase of KVP, PAN details will not be required.
35. Public Provident Fund (PPF) Saving scheme.
Key points
(i) An individual can open account with Rs. 100/- but has to deposit minimum of Rs. 500/- in a financial year and
maximum Rs.1.5 lakh.
(ii) Maturity period is 15 years but the same can be extended within one year of maturity for further 5 years and so on.
(iii) Interest rates - 8.70% per annum (compounded yearly).
(iv) Account can be opened by cash/cheque and In case of cheque, the date of realization of cheque in Govt. account shall
be date of opening of account.
Sports News
Cricket News
ICC World Cup Cricket Venues:
ODI
1. England 2019
2. India 2023
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Test
1. England - 2017
2. India 2021
T20
1. India -2016
2. Australia 2020
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Cricket news1. ICC U19 Cricket World Cup - West Indies defeated
India to lift their maiden ICC Under-19 Cricket World
Cup title. The final played at Mirpur, Bangladesh.
2. De Kock of South Africa became fastest cricketer to
make 10 ODI centuries - Quinton de Kock, the
wicketkeeper-batsman of South Africa, the fastest
cricketer to make 10 One Day International (ODI)
centuries. He took mere 55 innings to reach as many
centuries.
3. Rahul Dravid has been named in ICCs newly
appointed Anti-Corruption Oversight Group as part of
the recommendation from its Integrity Working Party
of the parent body.
4. BCCI bans Pakistani umpire Asad Rauf for 5 years Pakistani umpire Asad Rauf banned for five years by
the BCCI after its disciplinary committee found him
guilty of corrupt practices and bringing the game into
disrepute.
5. Virat Kohli becomes No.1 T20 batsman.
6. India reaches to No.1 spot in ICCC T20 ranking.
7. Allan Border Medal 2016 - David Warner wins the
award.
8. Blind T20 Asia Cup - India defeat Pakistan in first
Blind T20 Asia Cup.
9. Virat Kohli becomes fastest to score 24 tons in
ODIs - Indian batsman Virat Kohli became the fastest
to register 24 hundreds in one-day cricket, surpassing
the twin milestones in just his 161st innings.
10. Virat kohli fastest to reach 7,000 runs in ODIs Virat Kohli has become the fastest man to score 7000
runs in One-Day International cricket.
Fastest to reach 7000 ODI runs
Virat Kohli (India) 161 innings
AB de Villiers (South Africa) 166 innings
Sourav Ganguly (India) 174 innings
Brian Lara (West Indies) 183 innings
Desmond Haynes (West Indies) 187 innings
11. BCCI imposed a life ban on Haryana off-spinner Ajit
Chandila for his involvement in the 2013 IPL spotfixing scandal.
12. Steve Smith wins ICC Cricketer of the Year Award
2015
He was also adjudged the ICC Test Cricketer of the
Year.
Other awards
ICC ODI Cricketer of the Year AB de Villiers
(South Africas ODI captain)
ICC Womens ODI Cricketer of the Year Meg
Lanning (Australia womens captain)
ICC Womens T20I Cricketer of the Year award
Stafanie Taylor (West Indies womens captain)
ICC Emerging Cricketer of the Year award Josh
Hazlewood (Australia fast bowler)
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Football News
FIFA (Football) World Cup Venue
1. Russia 2018
2. Qatar - 2022
2. India 2017
FIFA 2015 World Rankings announced - India rank at 163rd spot in the latest FIFA rankings Top 5 teams in the latest FIFA rankings
Belgium (1)
Argentina (2)
Spain (3)
Germany (4)
Chile (5)
1. Lionel Messi wins Worlds best Football player
Award for 5th time. Real Madrids Cristiano Ronaldo
was second, while Messis Barcelona teammateNeymar was third.
2. Brazilian football legend Ronaldinho Gaucho
inaugurated the Nagjee International Club Football
Tournament, which is being revived after a gap of 21
years, at a function in Kozhikode.
3. Bollywood megastar Amitabh Bachchan bestowed
honorary life membership of the citys famed soccer
outfit Mohammedan Sporting which is celebrating its
125th anniversary this year.
4. Chennaiyin FC clinch ISL Champions 2015 title
Chennaiyin FC defeated FC Goa by 3-2 in the final
to clinch the 2nd Indian Super League Football
tournament 2015 title.
Mendoza, who finished as the tournaments
highest scorer with 13 goals, bagged the Golden
boot as well as the Hero of the League award.
5. Barcelona lifted FIFA Club World Cup 2015
Barcelona defeated River Plate by 3-0 in the final
and clinched the Fifa Club World Cup for a third
time.
Hockey News
Hockey World Cup venue
Venue
Year
1. India (Mens)
2018
2. England (Womens) 2018
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1. 26th Lal Bahadur Shastri Hockey tournament - Oil and Natural Gas Corporation (ONGC) defeated Indian Railways by
3-0to won the 26th Lal Bahadur Shastri Hockey tournament.
2. Bjorn Isberg appointed Tournament Director of 2016 Hockey India League.
3. Sultan of Johor Cup 2015 - Great Britain defeated Indian junior men's hockey team and captured Sultan of Johor Cup
(SOJC).
4. Punjab National Bank won Beighton Cup of Hockey, defeated Indian Oil Corporation in the final.
5. Senior India hockey player Gurbaj Singh suspended for 9 months for indulging in groupism and creating disharmony
within the team.
6. Hockey India appointed Roelant Oltmans as coach of Mens national team
Tennis News
Category
Mens single
Womens single
Women's double
Runner up
Andy Murray
Serena Williams
Andrea Hlavackova
Lucie Hradecka
&
Note:
Novak Djokovic wins sixth Australian Open title 2016. He also draws level with tennis greats Bjorn Borg and Rod
Laver on 11 Grand Slam titles.
Angelique Kerber is the first German to win a major singles title since Steffi Graf at the 1999 French Open.
This is the third consecutive Grand Slam title for Sania and Martina, having won the Wimbledon and US Open in the
2015 season. Sania and Martina have now extended their unbeaten run to 36 matches, winning eight titles in a row.
ITF announced winners of 2015 World Champions - International Tennis Federation (ITF) announced the winners of 2015
World Champions
List of Awards
Mens World Champion Novak Djokovic (Serbia)
Womens World Champion Serena Williams (the USA)
Mens Doubles World Champions Jean-Julien Rojer (Netherlands) & Horia Tecau (Romania)
Womens Doubles World Champions Womens Doubles World Champions
ITF Junior World Champions Dalma Galfi (Hungary) & Taylor Fritz (the USA)
ITF Wheelchair World Champions Jiske Griffioen (Netherlands) & Shingo Kunieda (Japan)
1. 2016 St. Petersburg Ladies Trophy - Sania Mirza and
her Swiss partner Martina Hingis won the 2016 St.
Petersburg Ladies Trophy in St. Petersburg, Russia.
They defeated Russian-Czech team of Vera Dushevina
and Barbora Krejcikova by 6-3 6-1 in the womens
doubles final.
2. Roger Federer is first man to win 300 Slam
matches - Swiss legend Roger Federer becomes first
male tennis player to win 300 Grand Slam matches. He
achieved this feat by defeating Grigor Dimitrov of
Bulgaria by 6-4 3-6 6-1 6-4 in the third round of
Australian Open.
3. Sania Mirza & Martina Hingis maintains top spot in
WTA double ranking
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1. 2024 Summer Olympics - International Olympic Committee (IOC) announced name of five cities namely Los Angeles,
Hamburg, Paris, Rome and Budapest as candidates to host the 2024 Summer Olympics.
Asian Games Venue
The 2018 Asian Games to be held in Jakarta, Indonesia
2022 Asian Games to be held in - Hangzhou City of China.
Note: Asian Games were held every 4 years. In 2014 Asain Games was held in Incheon, South Korea.
Badminton News
1. Ace Indian shuttler K. Srikanth clinched the Mens Singles title of the Syed Modi International Grand Prix Gold
Badminton Championships.
2. PV Sindhu wins Malaysia Masters Grand Prix Gold Badminton title.
3. Siril Verma tops junior badminton rankings
Indias Siril Verma occupy the number one spot in junior mens singles category in the Badminton World Federation
(BWF) rankings.
4. Delhi Crowned Premier Badminton League Champion - Delhi Acers beat Mumbai Rockets in the final.
Formula 1 winner
1. 2015-16 MRF Challenge Formula 2000 - Pietro
Fittipaldi (Brazilian racing driver)
2. Lady Wigram Trophy - Jehan Daruvala (Sahara Force
India Academy racer)
Note: The Lady Wigram Trophy is a New Zealand
motorsport race trophy.
3. Abu Dhabi Grand Prix 2015 - Nico Rosberg
(Mercedes driver)
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Gold
188
25
Silver
90
63
Bronze
30
98
Total
308
186
12
37
57
106
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8. India to build satellite tracking station in Vietnam India will set up a satellite tracking and imaging centre
in southern Vietnam that will give Hanoi access to
pictures from Indian earth observation satellites that
cover the region, including China and the South China
Sea.
9. Akash missile successfully test fired - Indigenouslybuilt surface-to-air Akash missile successfully test fired
from complex-3 of the Integrated Test Range (ITR) at
Chandipuri in Odisha. Akash missile is a mid-range
surface-to-air missile (SAM).
10. American aerospace company SpaceX successfully
launched Falcon 9 rocket from Cape Canaveral, Florida.
11. Defence Minister Manohar Parrikar inaugurated the
first cable-stayed bridge of north India in Kathua
district at Jammu & Kashmir, which will provide close
connectivity between the three states of Jammu and
Kashmir, Himachal Pradesh and Punjab.
Note: The Basohli bridge is fourth of its kind in India.
The other three cable-stayed bridges are, Hooghly
Bridge at Kolkata, Naini Bridge in Allahabad and Rajiv
Gandhi Sea Link in Mumbai.
12. Reliance Defence signs pact with Russian arms firm
Almaz-Antey - Reliance Defence had signed a $6
billion deal with Russias Almaz-Antey, whose air
defence system is likely to be bought by the Indian
defence forces.
13. Indias first indigenously designed warship INS
Godavari decommissioned after 32 years of service.
14. China launches Gaofen-4 observation satellite China successfully launched its most sophisticated
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