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CONTENTS
Topics Page No
8 TH EDITION OF VIBRANT
NRIs to trade from anywhere across the globe.
India INX is one of the world’s most advanced
technology platforms with a turn-around-time of 4
GUJARAT GLOBAL INVESTORS micro seconds.
SUMMIT 2017 INX will trade initially in equity derivatives, currency
derivatives, commodity derivatives including index
Prime Minister Narendra Modi inaugurated the 8th Vibrant
and stocks. It plans to offer depository receipts and
Gujarat Global Investors Summit 2017 at Mahatma Mandir in
bonds later.
Gandhinagar on January 10. The central focus of the summit
Prime Minister Narendra Modi inaugurated Vibrant
was “Sustainable Economic and Social Development”. The
Gujarat Global Trade Show
purpose of the 4-day summit was to provide a platform to
Prime Minister Narendra Modi also inaugurated Vibrant
debate global economic and social issues on the lines of the
Gujarat Global Trade Show organised at helipad ground in
World Economic Forum in Davos. This year’s biennial
Gandhinagar on January 9, 2017.
flagship event of the state hosted Prime Ministers, Presidents,
Deputy Prime Ministers and ministers of several countries
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Vibrant Gujarat Global Trade Show (VGGTS) 2017
Besides, Rwanda signed the International Solar
has been organised on an area of nearly 1,50,000 Alliance and became the 25th co-signatory of the
sq.mt. It was the largest exhibition of the country Indian initiative.
with 14 themed halls including Exhibit area covering Prime Minister Modi announced an aid of $2 million
nearly 1,500 stalls by different companies. Modi worth of medicines and a cash grant of $1 million
took a round of different pavilions at the trade show for sourcing medical equipment from India.
and interacted with businessmen. India also announced a Line of Credit of US $ 80
The 2017 edition has nearly 1500 companies million to augment Rwanda’s electricity production
participating and about 1.50 to 2 million visitors. with the commissioning of the 28 MW Hydroelectric
The five day Vibrant Gujarat Global Trade Show Project on the Nyabarongo River.
saw more than 15 lakh people participation. The India and Rwanda exchanged the Memorandum of
show was opened for business seminars on January Understanding on Forensic Sciences by the Gujarat
10 and 11 while on January 12 and 13 the exhibition Forensic Sciences University to support Rwanda’s
was open for visitors. National Police in modernising Forensic
The Exhibition saw representation from Corporate investigations.
Sector, Public Sector, PSUs, innovations, startups, The joint statement was issued to continue to work
MSME, women entrepreneurs as well as other on concluding a Bilateral Air Services Agreement
countries. and an agreement for the exemption of visa for
Nobel Prize Series Exhibition diplomatic and official passport holders.
Prime Minister inaugurated the Nobel Prize Series exhibition Both sides also agreed to strengthen the bilateral
at Gujarat Science city near Ahmedabad on January 9, 2017 . cooperation in culture, tourism, and people to
This exhibition featured works of nine Nobel laureates from people link between the youth of Rwanda and India.
across the world who were invited by the Gujarat government Gujarat Government Signs MoU Worth 67000 CR. for
to be a part of the Vibrant Summit. Ahmedabad-Mumbai Bullet Train Project
After the inauguration the Prime Minister Modi also The Gujarat government signed a memorandum of
take part in the Roundtable meeting with all the understanding (MoU) worth Rs 67,000 crore with
invited Nobel Prize winners, including India-born the National High Speed Rail Corporation Limited
Dr. Venkatraman Ramakrishnan. (NHSRCL) during the Vibrant Gujarat Global Summit on
Textile Minister Signs MoUs Worth Rs. 8,835 crore January 12, 2017 for component manufacturing for
As a part of the Vibrant Gujarat Global Summit, the Union the Ahmedabad-Mumbai bullet train project.
Textiles Minister Smriti Irani addressed the ‘Make in Rolling stock and other equipment like signalling
Gujarat’ theme seminar on Trends and Innovation impacting and power system will be imported from Japan as
the Textile Value Chain on January 12, 2017. per the loan agreement.
The minister also witnessed signing of MoUs worth Railways has already allotted Rs 200 crore for the
Rs. 8,835 crore in textile sector. The MoUs were SPV in which Maharashtra and Gujarat will have
signed in different sectors such as textile parks, equity of 25% each and the Indian Railways will
textile processing, machinery, carpet development, have 50% .
etc. Total cost of the entire project is estimated at Rs
Gujarat produces 29% of India’s total cotton 97,000 crore and is projected to be completed by
production and is an area with one of the largest 2023.
concentrations of textiles in India. The high speed Bullet train will cover 508 km
India, Rwanda announces strategic partnership between Mumbai and Ahmedabad in two hours,
A joint statement was issued between Rwanda President Paul running at a maximum speed of 350 kmph and
Kagame and Prime Minister Narendra Modi on January 10, operating speed of 320 kmph.
2017 at the Gujarat Global Investors Summit to raise the level Indian Railways also signed a MoU for setting up a
of bilateral cooperation to a strategic partnership. container depot at an investment of Rs 100 crore at
India extended a $120 million credit to bring over Rajkot.
41,190 hectares of cultivable land under irrigation Another MoU was signed to set up a training centre
in the African country for the development of Export at Gandhinagar to impart training to engineers and
Targeted Irrigated Agriculture Project. employees associated with the Bullet train project.
Vibrant Gujarat Summit 2017 Witnesses Signing Over 5,938 Cooperative Banks and Primary Societies. This
MoUs means that the banks will not charge any interest
Vibrant Gujarat Summit 2017 saw as many as 25,578 for 60 days on loans and that amount would be
MoUs signed between various sectors. As compared to the beared by the Government.
previous edition of the event, this time 2500 more MoUs NABARD created a fund of Rs 21000 crore to Dstrict
were signed central Cooperative Banks in November 2016 to
The three day global summit witnessed over 74,000 provide loan to farmers for Rabi season. Government
registered delegates, including 2,734 international has decided to add Rs 20,000 crore more to this
delegates from over 100 countries and 33,000 along with giving the loan at subsidized rate. The
participants. loss that NABARD would suffer by giving loans to
There were 51 meetings of delegates with the Chief cooperative banks, societies at low interest rate shall
Minister and the Deputy Chief Minister. be borne by Government.
Senior Citizens
PM NARENDRA MODI’S KEY The Prime Minister said that senior citizens would
get a monthly fixed interest of 8% on their deposits
of up to 7.5 lakhs for 10 years.
ANNOUNCEMENTS ON NEW Women
YEAREVE’S SPEECH A sum of Rs 6000 would be deposited in the account
of pregnant and lactating women in above 650 rural
Following the tough decision to demonetise Rs 500 and Rs districts to meet medical expenses. The scheme
1000 currency notes, Prime Minister Narendra Modi on 1st would initially be implemented in form of a pilot
January thanked citizens for undertaking sacrifice to cleanse project in 53 districts, with the amount of Rs 4,000
the economy of black money. In his address, he announced MSME(Micro, Small and Medium Enterprises)
a number of welfare sops to help the poor, the rural sector, To give a boost to the small entrepreneurs, the government
small businesses and other citizens to lighten the burden of has taken certain decisions in the interest of small and
demonetization. medium businesses, which will also boost employment.
Some of the few announcements are PM Modi said that the cash credit limit for small
Urban Housing businesses would be raised to 25 per cent from 20
PM Modi announced two new housing schemes per cent. The Credit guarantee for Micro Small and
for the urban poor. As per the decision, home loan Medium Enterprises would be raised to Rs 2 crore
taken by urban poor in 2017 up to Rs. 9 Lakh would from current Rs 1 crore.
get 4 percent subvention on interest while 3 percent Earlier, the scheme only covered bank loans, but
subvention on interest on home loans of up to Rs. now it will cover loans given by NBFCs (non-
12 Lakh. banking financial companies) as well.
Rural Housing Banks have also been asked to increase working
In villages, taking home loans of up to Rs. 2 Lakh capital loans from 20 per cent of turnover to 30 per
for new housing or extension of housing in 2017 cent, for enterprises that transact digitally.
would attract 3 percent subvention on interest. Government also announced that earlier the tax on
The number of houses being built for the poor, under Income of businesses with turnover of up to Rs 2
the Pradhan Mantri Awaas Yojana in rural areas has crore was calculated at 8 per cent of the turnover.
also been increased by 33 per cent. Now, for such businesses income from digital
Farmers transactions will be calculated at 6 per cent. This
PM also announced to convert 3 crore Kisan credit will effectively reduce their tax liability by 25 per
card into RuPay card in the next 3 months. The cent.
problem with Kisan Credit Card is that farmers need For MUDRA Yojana, Modi said that last year nearly
to go to bank to withdraw money, but RuPay Card 3.5 crore people benefitting from it. The government
will enable them to buy/sell directly through the now aims to double this, giving priority to dalits,
card. tribals, backward classes and women.
He also announced to waive 60-day intereston farm Government meets PMUY target of 1.5 crore LPG
loans taken in the Rabi season from District connections.
ECONOMY
RBI IN NEWS Parliamentary Standing Committee on Finance,
AU Financiers (India) Ltd has received the final headed by Congress leader Veerappa Moily.
licence from the Reserve Bank of India (RBI) to start India’s central banking institution, Reserve Bank of
a small finance bank, becoming the seventh entity to India (RBI) has imposed a penalty of Rs 75
do so. AU Financiers was the only non-banking lakh on Bombay Mercantile Co-operative Bank for
finance company (NBFC) among the 10 entities to violations of norms related to KYC and anti-money
receive in-principle approvals to start small finance laundering. The Mercantile Bank of Bombay was
banks in September 2015. an Anglo-Indian bank with business focus in the
Viral Acharya has been appointed by Far East.
the Government of India as the deputy governor of
the Reserve Bank of India (RBI). He will be joining SBI IN NEWS
the ranks of Vishwanathan, S S Mundra, R Gandhi The State Bank of India has temporarily blocked
as one of four deputy governors serving under RBI major digital wallets including Paytm, MobiKwik and
Governor Urjit Patel FreeCharge from its net banking service. SBI
The Reserve Bank of India (RBI) has appointed Chairman Arundhati Bhattacharya has said that the
Surekha Marandi as its Executive Director (ED). She service has been blocked following recent breaches
was appointed in place of U S Paliwal who retired and security reasons.
on December 31, 2016. SBI Pension Funds Pvt Ltd (SBIPFPL), a subsidiary
Mobile wallet firm Mobikwik has received an in- of SBI, has recently appointed Kumar Sharadindu as
principle approval from the Reserve Bank of India the MD & CEO of the company.
(RBI) to set up a Bharat Bill Payments Operating Future Group’s fashion and lifestyle departmental
Unit (BBPOU). store Central joined with SBI Card launched a
The Reserve Bank of India (RBI) has asked lenders second co-branded credit card to offer benefits to
to provide borrowers 90 days for repayment of consumers in the premium lifestyle and fashion
housing, car, farm and other loans worth up to 1 space. The Central SBI SELECT and SELECT+
crore rupees. RBI has decided to provide another Cards will offer an accelerated reward points
30 days over and above the existing 60 days. structure.
Reserve Bank of India extended the period of India’s largest warship INS Vikramaditya is going
enhanced Prepaid Payment Instruments (PPI) limit to get an ATM onboard, making it the 1st Indian
of Rs 20,000 as part of efforts to promote digital warship to have an ATM. The ATM will belong to
payments. India’s largest lender State Bank of India (SBI).
RBI Note Mudran Printing Press in Mysuru printing OTHER BANKS
highest number of currency notes in December IDFC Bank has launched aadhaar-linked cashless
breaking all its past record. It printed 10.9 million merchant solution that uses a retailers’ smartphone
currency note in a day that even broke the world to enable digital payments. Aadhaar Pay, launched
record made by an American currency printing press by the government, has been developed by IDFC
of printing 8.7 million notes in a day. As per the Bank in association with Unique Identification
data, 1350 million currency notes were printed in Authority of India (UIDAI) and the National
December 2016. The Bharatiya Reserve Bank Note Payments Corporation of India (NPCI).
Mudran PvtLtd, a fully controlled subsidiary of RBI. The Karnataka Vikas Grameen Bank (KVGB) would
RBI raised ATM withdrawal limit to Rs 10,000 per appoint women business correspondents called
day from current Rs 4,500. It will be operative within “Bank Sakhi” in select villages with an innovative
the existing overall weekly limit. method of employing women in villages.
RBI Governor Urjit Patel informed that Rs 9.2 lakh Private sector Lakshmi Vilas Bank has launched QIP
crore rupees remonetised in the system after to raise over Rs 599.88 crore by issuing 4.25 crore
government’s recent decision to demonetize high- shares in domestic or international markets.
value currency. Mr. Patel informed it before the
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State-run Bank of Baroda has launched an DIGITAL AND CHASHLESS
agricultural investment credit for the farmers of
Rajasthan.
NRIs can exchange Old Notes till June 30
a) Resident Indian citizens, who were abroad from Nov
The ICICI Bank has refused National Payments
9th to Dec 30th, can avail this facility up to March
Corporation of India’s (NPCI) call to unblock
31st, 2017.
Flipkart’s digital wallet PhonePe from its platform.
b) NRI citizens, who were abroad during this period,
ICICI Bank said PhonePe allows users of only its
can exchange their defunct notes up to June 30th,
own UPI handle to make payments via the app, and
2017.
called it a “restrictive practice”. As per UPI
c) The limit for NRIs will be 25,000 rupees per person.
guidelines, customers of any bank can use any UPI-
based app for payments. Mother Dairy unveiled Aadhar-enabled payment
Kerala Gramin Bank has conceived a a) To promote cash less transactions, Mother Dairy
novel programme called FI@School, aimed at Fruit & Vegetable Pvt. Ltd. introduced Aadhar-
propagating financial literacy among school Enabled Payment System (AEPS) in more than 1,000
children. milk booths and ‘Safal’ retail stores.
Punjab National Bank (PNB) has launched PNB b) Recently Amul and mobile wallet company
Wave N Pay – a Contactless Credit Card. It was MobiKwik, announced tie up to help customers pay
launched by Usha Ananthas ubramanian, digitally at all their retail outlets.
Managing Director & Chief Executive Officer, PNB.
Bank of Baroda and Heritage Foods Ltd (HFL) Mori in Andhra gets Smart Digital village tag
signed a Memorandum of Understanding to provide Mori, a tiny village under Sakhinetipalli mandal in East
dairy loans to farmers through the lender’s branches Godavari district of Andhra Pradesh, sealed its place on
across the country. India’s digital map by transforming completely into a Smart
South Indian Bank has introduced a NRI-focused Digital Village, in every sense of the term.
mobile banking application called SIB Mirror+ across Digital Dakiya scheme inaugurated in Madhya
major mobile platforms. SIB Mirror+ equips the Pradesh
customers to perform almost all banking a) “Digital Dakiya” scheme inaugurated in Indore
transactions from their smart phones. district of Madhya Pradesh to encourage cashless
Karnataka Bank has launched a month-long transactions.
campaign to promote a group personal accident b) “Digital Dakiya or Digital Postman will visit different
insurance scheme for savings bank account- places to teach and encourage people about
holders. ‘KBL Suraksha’, which was launched on cashless transactions and its benefits
January 2, will be in force until January 31. Launched
in association with Universal Sompo General Karang in Manipur became country’s first
Insurance, KBL Suraksha provides coverage cashless island
against all types of accidental deaths. The Centre, under its Digital India programme, has announced
Bharti Airtel launched its pan India payments bank, Karang in Manipur as the country’s first cashless island.
which is India’s first payments bank. CEO & The Karang island is located in the middle of Loktak lake, the
Managing Director of Airtel Payment Bank: Shashi largest freshwater lake in the North Eastern part of India.
Arora Pune based public sector lender Bank of
Public sectors banks Bank of Baroda and Bank of Maharashtra, has helped to make the village
India (BOI) have admitted asking staff to deposit of Malangaon, in Sangli district, Maharashtra, a
Rs.1 in Jan Dhan accounts to reduce the number of completely cashless village.
zero-balance accounts. Chhattisgarh is hosting a Digi-Dhan Mela in Raipur.
With the Help HDFC Bank, five temples In the Digidhan fairs being organised in the state,
in Kanyakumari district in southern Tamil users of digital payment mode like, Ru-pay Card,
Nadu have introduced digital wallets and PoS to USSD, UPI and AEPS will be given prizes through
enable their devotees pay donations. lucky draw.
In Andhra Pradesh Vijayawada will be host to the
first DigiDhanMela in the State. In this event people
INTERNATIONAL NEWS
CHINA Shinzo Abe and Barack Obama visited Pearl
China has successfully tested the latest version of Harbor in Hawaii Island
its fifth-generation stealth fighter jet J-31 (now Prime Minister of Japan Shinzo Abe and President of the
renamed the FC-31 Gyrfalcon). United States Barack Obama visited Pearl Harbor in Hawaii
China’s top legislature has passed Environment Tax Island to offer condolences to the victims of the surprise
to levy it on polluters, especially on heavy Japanese bombing on US naval base 75 years ago.
industries. The law aims to improve taxpayers’
environmental awareness, force companies to UN declared 2017 as the International Year of
upgrade technology and shift to cleaner production. Sustainable Tourism for Development
It will enter into force on January 1, 2018. a)The United Nations General Assembly (UNGA) has
Nepal and China will hold their first ever joint military declared the year 2017 as the International Year of
exercise in early 2017. Sustainable Tourism for Development.
China announced a plan to ban all ivory trade and b) The declaration recalls the potential of tourism
processing activities by the end of 2017, to prevent sector to advance the universal 2030 Agenda for
the mass killing and threat of extinction of African Sustainable Development and 17 Sustainable
elephants. Development Goals (SDGs).
China launched its longest bullet train ‘Shangri-la The Pakistan Senate Functional Committee on Human Rights
of the World’ from Kunming, in Yunnan Province, unanimously approved the Hindu Marriages Bill on January
to Beijing. 2017.
China is setting up the world’s highest altitude Finland became First Country to introduce basic
gravitational wave telescopes in a Tibet prefecture income for unemployed
close to Line of Actual Control with India with a Finland has become the first country in the world to pay
budget of $18.8 million to detect faintest echoes a basic income to randomly picked citizens on a national level
resonating from universe which may reveal more with an aim at dismissing poverty, motivate people to join
about the Big Bang theory. the workforce and decrease unemployment.
China has handed over two ships to the Pakistan to
safeguard the strategic Gwadar port and trade routes Nepal hosts elephant festival to revive dwindling
under the ambitious China-Pakistan Economic tourism industry
Corridor (CPEC). These ships have been named as The 13th edition of Nepal’s five-day Chitwan Elephant
Hingol and Basol, after two rivers near Gwadar. Festival has kicked off in Kathmandu with the participation
China has built 84 of the 128 skyscrapers of height of over 50 elephants. The annual festival which brings fun,
over 200 meters built across the world in 2016 to sports and adventure together inaugurated in Sauraha, the
become the world’s leading builder of skyscrapers gateway to Chitwan National Park.
for the 9th consecutive year. China was followed
Japanese PM Shinzo Abe signs 1 trillion yen aid
by the US.
package to Philippines
Colombia’s Congress passed a law granting Japanese Prime Minister Shinzo Abe has signed a 1-trillion
amnesty to Marxist FARC yen, about 8.7 billion dollars, aid package over the next five
Colombia’s Congress passed a law granting amnesty to years to the Philippines, meant to improve economic and
Marxist FARC (Revolutionary Armed Forces of Colombia) political relations between the two island nations.
rebels as part of historic peace deal reached between rebels
Indonesia and Japan agree to step up maritime
and Government. This is a step to formally end to 52 years of
security
Columbian civil war (Latin America’s longest conflict). The
Japanese Prime Minister Shinzo Abe and Indonesian
2016 Nobel Peace Prize was awarded to Colombian President
President Joko Widodo have agreed upon their agreement
Juan Manuel Santos for his resolute efforts to initiate the
to deepen cooperation on maritime security and deepen
negotiations with the guerrilla (rebel) group Revolutionary
defence ties. Japan will complete take over the responsibility
Armed Forces of Colombia (FARC).
NATIONAL
14th Pravasi Bhartiya Divas concluded in Trust Fund (DMICPTF) as National Industrial Corridor
Bengaluru Development & Implementation Trust (NICDIT).
a) The 14th Pravasi Bhartiya Divas (PBD) convention
was held in Bengaluru. NBWL gave its approval for the Ken-Betwa inter-
b) The three-day event started with the Youth PBD, linking of rivers (ILR) project
the theme of which is ’Role of Diaspora Youth in The National Board for Wildlife (NBWL) has given its
the Transformation of India’. approval for the Ken-Betwa inter-linking of rivers (ILR)
c) Pravasi Bharatiya Divas has been held traditionally project. The clearance of NBWL was required since the
on 9th January every year to commemorate the project requires diversion of forest land from core area of
return of Mahatma Gandhi as a Pravasi from South Panna Tiger Reserve. The project will benefit Uttar Pradesh
Africa to India. and Madhya Pradesh in terms of meeting irrigation, drinking
d) Three plenary sessions were held in Youth PBD. water and electricity needs of people across 6 districts in the
First was on reaching out to Indian Students abroad, two states.
NRIs and overseas Indian Community Students in Sagarmala Development Company’s (SDC) office
India. inaugurated in New Delhi
e) Second was on Start-ups and Innovations and 3rd Union Road Transport and Highways Minister Nitin Gadkari
on Start-up ecosystem in Karnataka. inaugurated Sagarmala Development Company’s (SDC)
Union Government gives nod for apex corridor office in New Delhi to promote port-led development in the
development body country. Investment of Rs 12 lakh crore was expected in the
The Union Government has approved the re-designation of company, whose objective would be transformation of
the Delhi-Mumbai Industrial Corridor Project Implementation existing ports into modern world class ports. The Sagarmala
Development Company will be provided financial assistance
of Rs 50,000 crore at two per cent interest rate.
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MAGAZINE FOR THE MONTH OF MARCH - 2017
About Sagarmala Project b) An office-bearer of BCCI cannot hold a post for
Union Government had launched Sagarmala Project with a more than three years.
view to achieve the broad objective of promoting port-led c) Parliament to decide whether BCCI should come
economic development in India. The ambitious Project seeks under the Right to Information Act (RTI).
to harness vast potential of India’s 7,500 km long coastline, d) There should be a player’s association in the BCCI
14,500 km of potentially navigable waterways, and strategic Disallowing BCCI office-bearer from holding dual
location on key international maritime trade routes. posts simultaneously i.e. in a state cricket
association and in the BCCI.
‘Mobile App and Facebook Page’ of ‘National e) Only to team representing the respective states.
Trust’ launched on its Foundation Day’ f) Each state should have only one vote.
On the eve of National Trust Foundation Day Minister for g) Member of the Comptroller and Auditor General
Social Justice and Empowerment Shri Thaawarchand Gehlot (CAG) to be included in the BCCI’s governing
launched the ‘Mobile App and Facebook Page’ of the National council.
Trust. The theme of National Trust Foundation Day is
“Celebrating Inclusion”. 44th edition of New Delhi World Book Fair began
a) The 44th edition of the New Delhi World Book Fair
1.5 crore LPG connections issued to BPL began at Pragati Maidan in New Delhi.
households under PM Ujjwala Yojana b) It was inaugurated by Union Minister of State (MoS)
The Union Ministry for Petroleum & Natural Gas has met the for Human Resources Development (Higher
1.5-crore target for LPG connections that were to be added Education) Mahendra Nath Pandey.
under the Pradhan Mantri Ujjwala Yojana (PMUY) in the 2016- c) The theme for this edition of the event is ‘Manushi–
17 financial year. Uttar Pradesh topped the list with highest Books Written on and by Women’.
number of LPG connections.
About Pradhan Mantri Ujjwala Yojana (PMUY) Get Rs. 5 Discount On Online Payment Of LPG
The scheme provides free LPG connection with Cylinder
financial assistance of Rs. 1600/- per connection to a) State-owned fuel retailers, Indian Oil Corp (IOC),
an adult woman member of BPL family identified Bharat Petroleum Corp Ltd (BPCL) and Hindustan
through Socio-Economic Caste Census (SECC) data. Petroleum Corp Ltd (HPCL) will offer “an upfront
It was launched by Prime Minister Narendra Modi discount of Rs. 5 on every LPG refill to all LPG
in May 2016 from Balia, Uttar Pradesh. customers who will book and pay for it online.
It will be implemented over three years’ time frame b) To provide cash-less transactions, the government
namely in the FY 2016-17, 2017-18 and 2018-19. had asked oil companies to pay consumers 0.75 per
Government has earmarked 8000 crore rupees for cent discount on cashless fuelling of petrol and
providing 5 crore LPG connections to BPL diesel at petrol pumps.
households.
ECI has announced the dates for the assembly
CBDT extends deadline of Direct Tax Dispute elections in five states
Resolution Scheme a) The Election Commission of India (ECI) has
The Central Board of Direct Taxes (CBDT) has extended the announced the dates for the assembly elections in
last date for availing the Direct Tax Dispute Resolution five states– Uttar Pradesh, Uttarakhand, Punjab,
Scheme to January 31, 2017 from the earlier deadline of Manipur and Goa.
December 31, 2016. Under it, a disputed tax amount of up to b) The Electronic Voting Machines to be used in the
Rs 10 lakh and the penalty will be forgone. However, in cases upcoming Manipur and Uttarakhand Assembly
where the disputed tax amount is above Rs 10 lakh, a penalty elections will display photographs of candidates.
of 25% will be levied. c) Election Commission of India limits cash expense
CBDT Chairman-Sushil Chandra per candidate at Rs 20-28 lakh for Assembly polls
d) For the benefit of voters, candidates, election staff
Supreme Court sacked Anurag Thakur, Ajay as well as the Election Commission of India (ECI), the
Shirke from BCCI district administration of Ludhiana has developed
The Supreme Court has sacked BCCI president Anurag a mobile application named ECI360 .
Thakur and secretary Ajay Shirke and asked all others, who e) The Punjab Election Commission announced that
were disqualified to hold posts under new court mandated sponsored advertisements on social media platforms
norms, to step down. such as Facebook and Twitter would be included in
Lodha committee Recommendations are the total election expenditure of a candidate.
a) Barring ministers and civil servants and those above
70 years of age from becoming BCCI members.
18 Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar-751015
Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : vanikbbsr@gmail.com
MAGAZINE FOR THE MONTH OF MARCH- 2017
India’s first solar-powered boat launched in Kerala The Steel Ministry released new draft National
India’s first ever solar powered boat called ‘Aditya’ was Steel Policy of 2017
launched at Kochi’s Vembanad lake in Kerala. The 75-seater The Steel Ministry has released new draft National Steel
boat fitted with 78 rooftop solar panels, will ferry along a 2.5- Policy of 2017, envisaging to double India’s domestic steel
kilometre route 22 times a day. The boat can travel at a production capacity to 300 million tonnes by 2030-31. The
maximum speed of about 14 kmph. draft policy anticipates a requirement of Rs. 10 lakh crore of
fresh investments to meet production goal and expects
Supreme Court asks Election Commission to creation of at least 11 lakh new jobs in the process.
implement paper trail in EVMs
The Supreme Court has second time directed Election President allowed merger of the Rail Budget with
Commission (EC) to implement the Vote Verifier Paper Audit the Union Budget
Trail (VVPAT) in electronic voting machines (EVMs) to President Pranab Mukherjee has approved changes in
ensure 100% transparency in elections. Earlier in 2013, SC government rules to allow merger of the Rail Budget with the
had directed the EC to introduce VVPAT in a phased manner Union Budget 2017. The Union Cabinet had in September
for 2014 general elections. 2016, approved the scrapping of the 92-year old practice of
presenting a separate Railway Budget and merged it with the
Government make Aadhaar mandatory for Union Budget. The government is expected to present the
MGNREGA work budget on February 1.
The Union Government has made mandatory to have an
Aadhaar Card for workers in rural areas enrolled under the NEWS IN BRIEF
Mahatma Gandhi National Rural Employment Guarantee The registration fees for Hindus and other minority
Scheme (MGNREGA). Those who have registered under the community people from three neighboring countries
scheme will be required to give furnish proof of possession comprising Pakistan, Afghanistan, and Bangladesh,
of Aadhaar card or undergo the enrolment process till March to register as Indian citizens have been reduced
31, 2017. drastically to Rs 100 from Rs 15,000.
The Department of Posts under the Union Ministry
NITI AAYOG Demanded to review RTE Act of Communications released the special stamp on
The National Institution for Transforming India (NITI) Aayog freedom fighter Gaya Prasad Katiyar.
has called for a review of the provisions of the Right To The Centre reportedly has plans to assign a 12-
Education (RTE) Act. The RTE Act aims to provide primary digit unique identification number to all 88 million
education to all children aged 6 to 14 years. It stipulates that cows and buffaloes in India.
no child can be held back in a grade, regardless of his The Central Government has increased the minimum
performance, all the way up to the 8th grade. monthly pension to 9000 per person.
Cabinet approves India’s Membership in the Bureau of Indian Standards (BIS) has revised Indian
International Vaccine Institute (IVI) Standard on gold hallmarking.The hallmarked gold
The Union Cabinet has given its approval to the full jewellery will now be available in three grades of 14
membership of India’s in International Vaccine Institute (IVI) carat, 18 carat and 22 carat.
Governing Council. IVI is an international nonprofit The Union Tourism Ministry has decided to host
organization devoted to developing and introducing new the mega-cultural event ‘Bharat Parv’ from January
and improved vaccines to protect the people, especially 26 at Red Fort as part of Republic Day celebrations.
children, against deadly infectious diseases. It’s The government postponed rolling out the GST
headquartered is in Seoul, South Korea. After joining this regime to July 1, 2017, during a meeting of the GST
India will involve in payment of annual contribution of US Council led by Finance Minister Arun Jaitley. The
$5,00,000 to the IVI government earlier set April 1 as the GST roll-out
deadline.
Postal released special stamp on PV Sindhu,Sakhsi The Union Ministry of Women and Child
Malick and Dipa Karmakar Development has dispatched a guideline regarding
The Indian postal department released a special stamp cover the Adoption Regulations 2017. These new rules
featuring Olympic medalists PV Sindhu and Sakshi Malik, will be effective from January 16, 2017. The Adoption
and gymnast Dipa Karmakar, in Agartala. The special cover Regulation 2017 implements the Juvenile Justice Act,
is titled “Golden girls of India - Pride of Nation”. One of the 2015.
images on the cover also features Dipa’s coach Bishweshwar
Nandi, who was awarded the Dronacharya award.
BILATERAL
India-Hong Kong: Hong Kong has withdrawn the visa- water harvesting systems in Rin Jaffna District at a cost of
on arrival facility for Indians travelling to Hong 300 million Rupees (Sri Lankan).
Kong effective from January 23, 2017. From now, the Indian Sri Lanka
nationals must apply for and successfully complete pre-arrival Capitals: Sri Jayawardenepura Kotte, Colombo
registration online before they can visit or transit the HKSAR President: Maithripala Sirisena
visa-free. Prime minister: Ranil Wickremesinghe
India-Russia: Russian Railways is helping India’s national Currency: Sri Lankan rupee
transporter increase the speed of its passenger trains up India and Kenya: India and Kenya signed Memorandum
to 200 km per hour. Russian Railways is at present of Understanding (MoU) for cooperation in the field of
collaborating with Indian Railways on a 575-km stretch agriculture and allied sectors. India also announced $100
between Nagpur and Secunderabad. million Line of Credit (LoC) to Kenya for agricultural
India-UK: India and the United States has signed MoU mechanization. The agreement was signed after delegation
(Memorandum of Understanding) to collaborate in the fields level talks between Prime Minister Narendra Modi and
of developmental activities and aid in third world countries. Kenyian President Uhuru Kenyatta in New Delhi.
They will provide advisory or technical assistance to third Kenya
countries regarding sector policy reform, project and sector Capital: Nairobi
management, project implementation and economic growth Currency: Kenyan shilling
promotion strategies in relevant sectors. President: Uhuru Kenyatta
India-UAE: The UAE will be by taking part in India’s India and USA: India and USA have signed a
Republic Day Parade 2017. Thus, UAE will become the first- Memorandum of Understanding (MoU) between the Indian
ever contingent of Arab soldiers to take part in this iconic Computer Emergency Response Team (CERT- In) and US
event. UAE’s crown prince Sheikh Mohammed bin Zayed Al Department of Homeland Security on cooperation in field of
Nahyan will be the Chief Guest of this parade. cyber Security. The MoU was signed by Aruna Sundararajan,
India and Mauritius : India and Mauritius signed n Secretary, Union Ministry of Electronics and Information
Memorandum of understanding for cooperation in the field Technology and Richard Verma, US Ambassador to India.
of Agriculture and cooperatives. India-France: Indian Space Research
Mauritius Organisation (ISRO) and French Space
Currency: Mauritian rupee agency (CNES) has signed a partnership agreement
President: Ameenah Gurib in satellite launch technology.The agreement has signed
Prime minister: Anerood Jugnauth between ISRO Chairman Kiran Kumar and CNES
India-Sri Lanka : India has signed Memorandum of President Jean-Yves Le Gall in the presence of visiting French
Understanding (MoU) with Sri Lanka to construct 3000 rain Minister of Foreign Affairs Jean-Marc Ayrault in India.Space
STATE NEWS
ANDHRA PRADESH phase of development at Infopark, will generate
4,000 job opportunities in the field of IT sector.
Andhra Pradesh Government launched NTR
Arogya Raksha Scheme TAMIL NADU
a) Andhra Pradesh Chief Minister N
Tamil Nadu Govt launched mobile app ‘pinakin’
Chandrababu Naidu launched NTR Arogya Raksha
for Tourism
Scheme in Vijayawada.
a) Tamil Nadu Tourism Department has launched a
b) NTR Arogya Raksha Scheme will provide the
mobile app ‘pinakin’ with information on tourism in
medical treatment to the people below Above
Tamil Nadu with audio facilities.
Poverty Line (APL) at Rs. 1200 premium per annum
b) The app has been launched for the benefit of both
i.e. monthly installment of Rs. 100 per month per
domestic and international tourists.
head.
c) The app is in two languages i.e. Tamil and English.
c) Under it, medical treatment for 1,044 diseases and
The Tamil Nadu government, which recently
medical ailments will be offered free of cost at
declared all 32 districts as drought-affected, has
corporate and government hospitals.
urged the Centre to sanction a sum of Rs. 39,565
d) A similar service ‘Arogya Raksha’ has been provided
crore from the National Disaster Response Fund to
to employees and journalists in the form of health
provide relief to the farmers for the damage caused
cards and for those, who are not being covered by
due to the drought situation.
any such scheme
The Tamil Nadu government declared former CM
e) Recently Assam Government rolled out ‘Atal-Amrit
MG Ramachandran’s 100th birth anniversary,
Abhiyan’, a health insurance scheme to provide
January 17, as a public holiday for the state. MGR
coverage against several critical illnesses and
was the state’s CM from 1977 to 1987, and founded
Odisha Government launched the Biju Sishu
the ruling AIADMK in 1972.
Surakshya Yojana, a scheme to nurture the orphan
and HIV-infected children residing in different child GUJURAT
care institutions and orphanages.
Railway Minister Suresh Prabhu laid the foundation Biotechnology Policy-2016’
of Nadikudi-Srikalahasti railway project in Andhra a) Gujarat Government announced its ‘Biotechnology
Pradesh. Policy-2016’ to establish state as a preferred
destination for manufacturing of biotechnology
KERALA products.
The Kerala Government has asked Union b) The policy has provisions for various incentives
Government for allowing use of antlers (horns on for investors who are keen to set up their units in
the head of an adult deer) of spotted deer and the state. It aims to take annual turnover of
sambar of Ayurveda medicines. biotechnology products to Rs 15,000 crore from
In Kerala, a section of the State employees took current f Rs 4,500 crore within next 3-4 years and
mass casual leave to protest against the Government make Gujarat top state in this sector in the country.
move to introduce Kerala Administrative Service c) State government will provide capital subsidy up
(KAS). to Rs 25 crore on the total investment for developing
In Kerala, the Kozhikode Corporation has become a Biotechnology (BT) Park.
the first Elderly-Friendly Corporation in the state. The Gujarat Government has signed a memorandum
Kerala Tourism is planning to set up virtual reality of understanding worth Rs.77,000 crore with the
kiosks (a small open-fronted hut or cubicle from Ministry of Railways for the Mumbai-Ahmedabad
which newspapers, refreshments, tickets, etc) at Bullet train project. The MoU was signed during
major airports of the country. The first such kiosk the Vibrant Gujarat Summit at Mahatma Mandir. The
was put up at the Delhi airport last month. train is expected to cover 508 km between Mumbai
Kerala Chief Minister Pinarayi Vijayan has and Ahmedabad in about two hours.
inaugurated the 4 lakh square feet latest IT The Gujarat government approved a pay hike for its
building, ‘Jyothirmaya’ at the Infopark . employees ranging between 63% to 124% from
‘Jyothirmaya’, constructed as part of the second February 1.
PERSON IN NEWS
WORLD military coalition of 39 nations. General Qamar Javed Bajwa
Pradeep Gupta : Pradeep Gupta an Indian-American is Pakistan Army chief Gen.
engineer has been elected as Mayor of South San Francisco Nana Akufo-Addo: Nana Akufo-Addo has been sworn in
city in the US state of California. as Ghana’s new president after beating John Mahama.
Dr Barbara Jatta : Dr Barbara Jatta(54) has appointed as Dan Coats: US President-elect Donald Trump has
the first female director of Vatican Museums by Pope Francis. named Dan Coats as his National Intelligence Director.
Klaus Iohannis :Romania’s president Klaus Iohannis has Daniel Ortega: In Nicaragua, Daniel Ortega has been
appointed Sorin Grindeanu as the country’s new prime sworn in for a third consecutive term as President
minister. Qi Zhala: China has appointed Qi Zhala as the new
Shankar Balasubramanian : An Indian-origin British governor of Tibet.
professor of chemistry and DNA expert at Cambridge Antonio Tajani: Italian conservative Antonio Tajani has
University Shankar Balasubramanian received Knighthood been elected the new President of the European Parliament.
from Queen Elizabeth II for his contributions. Mike Pence: Mike Pence was sworn in as the 48th Vice
Sheikh Rafik Mohammed: An entrepreneur of Indian President of the United States at the Inauguration Day
origin, Sheikh Rafik Mohammed, has assumed a top position ceremony in Washington DC.
in the defence department of Kyrgyzstan. James Mattis: Retired General James Mattis was sworn
Mian Saqib Nisar: Justice Mian Saqib Nisar has taken in as US Secretary of Defense.
oath as the 25th Chief Justice of Pakistan.
INDIA
Sir Tim Barrow : UK’s government has appointed career
Anil Baijal : President Pranab Mukherjee has appointed
diplomat Sir Tim Barrow as its ambassador to the EU.
former bureaucrat Anil Baijal (70) as the 21st Lieutenant
Tareck El Aissami: Venezuelan President Nicolas Maduro
Governor of Delhi. He will succeed Najeeb Jung who had
has appointed an ex-Security Minister, Tareck El Aissami, as
resigned.
Country’s Vice President.
VK Sasikala : In Tamil Nadu, the ruling AIADMK has
Jovenel Moise: Jovenel Moise has been elected as
named VK Sasikala as its new General Secretary in place of
the President of Haiti.
the late Jayalalithaa.
Raj Shah : US President-elect Donald Trump has appointed
David R Syiemlieh: President Pranab Mukherjee has
an Indian-American, Raj Shah, as the Deputy Assistant to
appointed Prof David R Syiemlieh as the Chairman of the
the President, Deputy Communication Director, and Research
Union Public Service Commission (UPSC) as per Article 316
Director.
of Constitution. He will take over from Alka Sirohi
Gen. Raheel Sharif: Pakistan’s former Army chief Gen.
Archana Nigam: The Centre has appointed Archana
Raheel Sharif (retired) was appointed head of Islamic Military
Nigam as the next Controller General of Accounts in the
Alliance to Fight Terrorism (IMAFT), a Saudi Arabia-led
Finance Ministry.
PLACE IN NEWS
International Financial Service Centre (IFSC), Mumbai-Pune Expressway
GIFT The Maharashtra State Road Development Corporation has
Prime Minister Narendra Modi inaugurated India’s first decided to provide high-speed WiFi coverage zones on the
international exchange India INX at the International Mumbai-Pune Expressway of 94-km
Financial Service Centre (IFSC) of GIFT (Gujarat International
Financial Tech) City Gandhinagar, Gujarat. India INX is a World’s largest cricket stadium, Ahmedabad
wholly-owned subsidiary of the Bombay Stock Exchange The foundation of the world’s largest cricket stadium in terms
(BSE). India INX will initially trade in equity derivatives, of seating capacity has been laid in Ahmedabad. The total
currency derivatives, commodity derivatives including index cost of the stadium, which will have a seating capacity of
and Stocks. Subsequently, it will offer depository receipts around 1.10 lakh, is estimated at Rs.700 crores.
and bonds once required infrastructure is ready. It will work Mawlynnong village, Meghalaya
for 22 hours in a day In Meghalaya, Mawlynnong village,termed as Asia’s cleanest
2G (Second Generation) Ethanol Bio-refinery, village has become tourists’ hotspot. It has become a role
Bathinda model for other states in maintaining cleanliness.
India’s first 2G (Second Generation) Ethanol Bio-refinery was Govardhan eco village in Thane district
laid at Tarkhanwala village in Bathinda, Punjab. Central ISKCON’s Govardhan eco village in Thane district has been
Government Public Sector Undertaking (CPSU) Hindustan conferred with the UNWTO Award for Innovation in the
Petroleum Corporation Limited (HPCL) is setting up this category of Non-Governmental Organisations(NGO) at the
project at a cost of 600 crore Rupees. annual United Nations World Tourism Organisation
(UNWTO) Awards for Excellence and Innovation in Tourism
SPORTS
CRICKET TENNIS
India’s test captain Virat Kohli has emerged as Yuki Bhambri clinches ITF Hong Kong F4 Futures
the India’s Sportsperson of the Year 2016 in a poll title.
conducted by India. Ana Ivanovic, the former world No1 and 2008 French
Mahendra Singh Dhoni stepped down as the Open champion, has retired from tennis.
captain of India’s One Day International and T20 Spanish tennis veteran Rafael Nadal defeated
International cricket teams. India played 199 ODI Belgian David Goffin 6-4, 7-6 to win the Mubadala
and 72 T20 match under his captaincy. World Tennis Championships in Abu Dhabi.
West Indies former batsman Jimmy India’s star singles player Somdev Devvarman has
Adams appointed as the new director of West announced his retirement from professional tennis.
Indies cricket team. China’s table tennis Olympic champion Li
Consulate General of India in Dubai announced Xiaoxia has announced her retirement.
launch of the ‘Diplomats Cricket Championship Cup’ As many as 956 kids showed up for a tennis training
in association with the Skyline University College, session at Chennai’s SDAT Tennis Stadium on
Sharjah, to promote sportsmanship, camaraderie and Tuesday, setting a world record for the ‘largest
harmonious relationship among the diplomatic tennis lesson’.
missions of UAE. Serbian tennis player Novak Djokovic has won the
Gujarat won their first ever Ranji Trophy title beating Qatar Open tennis title in Doha. In the final match
Mumbai by five wickets in the final at the Holkar he defeated Andy Murray of UK.
stadium in Indore. In Chennai Open tennis, RohanBopanna and
Virat Kohli breaks Sachin’s record, became fastest JeevanNedunchezhiyan were crowned the
to score 27 ODI centuries in his 169th innings inh champions in the doubles category.
Pune. Former Indian cricketer Sachin Tendulkar’s Indian tennis ace SaniaMirza and her patner
had scored his 27th ODI ton in his 254th innings. American BethanieMattek won Brisbane
International women’s doubles title.
32 Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar-751015
Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : vanikbbsr@gmail.com
MAGAZINE FOR THE MONTH OF MARCH- 2017
HEALTH
Union Government launched Swachh Swasth medicines at an affordable price. At present, 750
Sarvatra initiative to strengthen health centres in Janaushadhi Kendras, providing more than 600
open defecation-free (ODF) blocks. It was launched medicines and 150 medical devices, are operational
by Health Ministry J P Nadda. Its objective is to and the target is to open 3,000 by end of this fiscal
build on and leverage achievements of two Scientists have named three relatively little-known
complementary programmes – Swachh Bharat diseases they think could cause the next global
Mission (SBM) and Kayakalp. Under it, financial health emergency. These diseases are Mers, Lassa
assistance of 10 lakh rupees will be given to the fever and Nipah virus.
community health centres so that they can be The Union Health Ministry will soon launch
strengthened to meet the standards of sanitation, population based prevention, screening and control
hygiene and infection control. programme for five common non-communicable
Scientists from Ireland have claimed discovery of a diseases (NCDs) on the occasion of World Cancer
new human organ named the mesentery that exists Day (4th February). They are Hypertension,
in the digestive system. It will be human body’s Diabetes, and Cancers of oral cavity, breast and
79th organ. cervix. This programme will be launched as part of
The Minister of State for AYUSH Shri Shripad Yesso the National Health Mission. This programme
Naik has inaugurated the International Conference screening will be rolled out in 100 districts in 32
on Yoga for Diabetes which began in New Delhi on states and Union Territories before March 31, 2017
January 4 till 6 January 2017. in the first phase.
The Supreme Court has directed Kerala government
to release entire Rs. 500 crore compensation to over
5,000 victims in three months who have suffered
from various deformities and health complications
due to use of Endosulfan in the state. The major
numbers of victims were reported to be affected in
Kasargode (Kerala) after Endosulfan was aerially
sprayed by state owned company on cashew
plantations adjoining habitats where the victims are
located.
National Capital Territory (NCT) of Delhi was
declared free from bird flu (H5N8 avian influenza)
after consecutive samples collected at 15 days’
intervals from the last positive results tested
negative.
The Union Ministry of Health & Family Welfare will
roll out measles-rubella (MR) vaccine in the
Universal Immunisation Programme (UIP) in
February 2017. In addition, Pneumococcal conjugate
(pneumococcal pneumonia) vaccine will also
become a part of the UIP basket in three other states
from March 2017.
The government has signed an agreement with Faculties from New Delhi & Hyderabad
the National Yuva Cooperative Society to set Contact : 8093083555, Web : vanikias.com
up 1,000 Janaushadhi Kendras across the CRPF Square, Bhubaneswar
country and targets to open such medical stores in
every block and gram panchayat to provide quality
discovered a new species of Zingiber (commonly from getting extinct and thus has proposed to
referred as ginger) from the Andaman and Nicobar introduce law to arrest anyone found in illegal
Islands. The new species has been named as catching, buying or selling of Hilsa fish. With the
Zingiber pseudosquarrosum and belongs to genus introduction of the proposed provision, Hilsa Fish
Zingiber. would become the first fish to get legal protection.
The ambitious Ken-Betwa river linking project has
received formal environment, forest and tribal
clearances. The project aims at addressing water
DEFENCE
Indian Army has inked an agreement with IIT Pakistan has fired its first submarine-
Gandhinagar to set up a research and launched cruise missile Babur-3.
development (R&D) cell at the IIT campus to Former world champion Sarita Devi is set to become
identify problems and possible solutions for the the first female professional boxer from India.
Indian Army. Border Security Force (BSF) launched operation
India successfully test-fired its home-grown long “Sard Hawa” at the western international border of
range intercontinental surface-to-surface nuclear Rajasthan, under which security will be strengthen
capable ballistic missile Agni-5 from the launch to check the instances of infiltration due to the
complex 4 of the Integrated Test Range from the dense fog in the area.
Abdul Kalam Wheeler Island off Odisha coast. It is The Indian Army has contacted Kanpur-based
capable of striking a target more than 5,000 MKU Industries to manufacture 1.58 lakh helmets,
kilometres with nuclear warhead carrying capacity that can bear the impact of 9mm ammunition fired
of more than 1 tonne. from a short range, in a deal worth around Rs.170
The Cochin Shipyard Limited (CSL) has delivered crore.
ICGS AYUSH, the 20th Fast Patrol Vessel (FPV) to
the Indian Coast Guard.
India successfully test fired the nuclear-capable
Agni IV ballistic missile from the Abdul Kalam Island
off the Odisha coast.
Indian Army launched operation to flush out
terrorists in Bandipora district of J&K .
The Indian Army has successfully conducted ‘user-
validation’ trials of indigenous Advanced Towed
Artillery Gun System (ATAGS) Dhanush in the
Himalayas.
34 Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar-751015
Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : vanikbbsr@gmail.com
MAGAZINE FOR THE MONTH OF MARCH- 2017
MISCELLANEOUS
Actor Shahrukh Khan has received an honorary Ram Singh Chauhan from Rajasthan, has the world’s
doctorate from Maulana Azad National Urdu longest moustache measuring 14 feet, according to
University (MANUU) in Hyderabad. the Guinness World Records.
Noted playback singer Anuradha Paudwal will be President Pranab Mukherjee has inaugurated
conferred with honorary D Litt degree by the D Y the 28th Dantan Gramin Mela in West Midnapore
Patil University . district in West Bengal.
Actor Aamir Khan’s sports drama ‘Dangal’ was The Western Railway has been directed to pay a
named the Best Film of 2016 in the year-end ‘Film compensation of over Rs.68 lakh to a man, who
Companion Critics’ Poll’ in which 23 Indian film suffered 100% disability in an accident at a railway
critics voted. Actor Manoj Bajpayee was named the station in Maharashtra. The directive comes in
Best Actor for ‘Aligarh’, Alia Bhatt was voted the connection with an incident in 2010 when a heavy
Best Actress. Ram Madhvani, who made his wooden plank fell on the victim’s head, causing
directorial debut with ‘Neerja’ was voted the Best grievous brain injury and multiple skull fracture.
Director. Former Miss Universe Sushmita Sen has confirmed
According to an ASSOCHAM report the Fast- that she is on the judging panel of the upcoming
moving consumer goods (FMCG) venture promoted 65th edition of the Miss Universe pageant. She was
by yoga guru Baba Ramdev, Patanjali Ayurved was crowned Miss Universe in Manila, Philippines in
the country’s fast moving consumer goods (FMCG) 1994.
market in 2016.
Odisha’s World famous 11-day gala festival
Bargarh Dhanua Jatra is all set to begin on 2 January
2017.
Airline Company Air India announced the
reservation of six seats in the third row on every
RBI MONETARY POLICY
domestic flight for women travelling alone. CEO of Repo Rate: 6.25%
Airline - Ashwani Lohani. Reverse Repo Rate: 5.75%
Seven martial artists from Kerala, India established
the Guinness World Record for the ‘most layered Marginal Standing Facility Rate: 6.75%
bed of nails’ i.e. sleeping on nail bed. Bank Rate: 6.75%
The month-long Magh Mela festival began at CRR: 4%
Sangam in Allahabad, Uttar Pradesh.
The second international kite festival coinciding SLR: 20.75%
with the ’Makar Sankranti’ fest would be held for six
days from January 12, 2017, in Hyderabad and two
other districts in Telangana.
Lohri festival celebrated in Punjab.
The entire Assam is geared up to celebrate Bhogali
bihu, the post-harvest festival in a grand manner.
Fourth International Kite Festival begins in New
Delhi.
The annual 2-days camel festival was held in Bikaner,
Rajasthan.
In Kerala, the 57th annual Kerala Schools Arts
Festival, tipped as Asia’s largest youth art festival,
begins at Kannur.
40 MCQ ON COMPUTER
1. To continue two or more cells into a (c) small, special-purpose programs (b) enter key
single cell is called (d) the innermost part of the (c) shift + enter
(a) Merging operating system (d) ctrl + new
(b) Joining (e) substitutes for operating systems (e) shift + ctrl + enter
(c) Sharing 9. A collection of programs that controls 16. Which type of software is similar to an
(d) Splitting how your computer system runs and accountant’s worksheet?
(e) none of these processes information is called (a) word processing
2. Which of the following views is present (a) operating system (b) database
in power point? (b) computer (c) spreadsheets
(a) document view (c) office (d) graphics
(b) slide sorter view (d) compiler (e) file manager
(c) slide changer view (e) interpreter 17. The network connecting several
(d) playside view 10. Which of the following refers to a small, computers all over the world is __
(e) none of these single site network? (a) intranet (b) internet
3. In order to move from one worksheet to (a) LAN (b) DSL (c) ARPnet (d) network
another in excel workbook one should (c) RAM (d) USB (e) LAN
click (e) CPU 18. In windows by default the files when
(a) active cell (b) scroll bar 11. A set of instructions telling the computer deleted are sent to ___
(c) sheet tab (d) tab button what to do is called (a) dust bin
(e) none of these (a) mentor (b) instructor (b) recycle bin
4. How many options does a binary choice (c) computer (d) program (c) waste bin
offer? (e) debugger (d) recycle waste bin
(a) none 12. If you receive an e-mail from someone (e) none of these
(b) one you don’t know, what should you do? 19. Which of the following is an operating
(c) two (a) forward it to the police system?
(d) it depends on the amount of immediately (a) MS windows
memory in the computer (b) delete it without opening it (b) Mac
(e) it depends on the speed of the (c) open it and respond to them (c) MS DOS
computers processor saying your don’t know them (d) windows NT
5. Data going into the computer is called (d) reply and ask them for their (e) all of the above
(a) output (b) algorithm personal information 20. A terminal that control process any
(c) input (d) calculations (e) replay and tell them you want to information is called ___
(e) flowchart keep in touch with them (a) direct access terminal
6. How many values can be resented by a 13. Which of the following can handle most (b) intelligent terminal
single byte? system functions that aren’t handled (c) smart terminal
(a) 4 (b) 16 directly by the operating system? (d) blind terminal
(c) 64 (d) 256 (a) vertical market applications (e) dumb terminal
(e) 512 (b) utilities 21. The keys labeled 0-9 on the keyboard
7. Transformation of input into output is (c) algorithms are called __
performed by (d) integrated software (a) function keys
(a) peripherals (e) compilers (b) numeric keys
(b) memory 14. Outlook express is a ___ (c) typewriter keys
(c) storage (a) e-mail client (d) special keys
(d) input-output unit (b) scheduler (e) alpha keys
(e) the CPU (c) address book 22. The most popular internet activity is
8. Device drivers are (d) all of the above (a) downloading music
(a) tiny power cords for external (e) none of these (b) watching movie trailers
storage devices 15. Which key should be pressed to start a (c) shopping for books
(b) experts who know to maximize new page in MS word? (d) e-mailing
the performance of devices (a) down cursor key (e) none of these
x 2 4 4096 = 56
Directions (Q. 106-108): In each of the cm and the length of the rectangle is 13
96. I. following question, a question is cm. What is the area of the circle?
followed by three statements A, B and C. a)516 sq cm
5
y 3 ( y ) 3 523 = 206
4 You have to determine which of the b)616 sq cm
II.
statements is/are necessary/sufficient to c)816 sq cm
97. I. 3x+ 4y = 8 answer the question. d)216 sq cm
II. 4x +2y = 4 e)256 sq cm
106. What will be the cost of painting the 110. The ratio of the angles of quadrilateral
98. I. x2 + 16 = 8x
four walls of a room with length, is 6 : 3 : 4 : 5. The smallest angle of a
II. y2 +15 = 8y
breadth and height 87 metres, 5 metres triangle is one-fourth the largest angle
99. I. 64 x 20 256 and 4 metres respectively? The room of the quadrilateral and the largest angle
has one door and one window. of the triangle is 300 more than the
II. y2 – 460 = 381
(A) The cost painting is Rs 22.00 per second largest angle of the triangle.
5 square metre. What is the second largest angle of the
(15) 2 (B) The area of the window is 2.56 sq
100. I. x2 =0 metres, which is half of the area
triangle?
a)600 b)450
x of the door. c)550 d)750
(C) The area of the walls is 368 sq e)800
28 7 metres.
II. y a) Only C
111. An open box is made of 4-cm-thick
y y wood. Its external length is 1.56m,
b) Only A and B breadth 1.26m and height 84 cm. Find
c) Only A and C the cost of painting the inner surface
Directions (Q. 101-105): What will come d) Only A of the box at the rate of 40 paise per sq
in place of question mark (?) in the e) All together are necessary m.
following number series? 107. What is the amount saved by Rohit a)Rs 240.096
per month from his salary? b)Rs 248.056
101. 18 96 161 213 252 ?
(A) Rohit spends 30% of his salary c)Rs 249.056
a)278 b)291
on shopping and 35% on travelling d)Rs 246.056
c)265 d)264
and education. e)None of these
e)None of these
(B) Rohit spends Rs 5000 per month
102. 512 128 32 8 2 ?
on shopping, 15% on Directions (Q. 112-116): The following
1 1 entertainment and he saves the line graph shows the percentage rate of
a) b) remaining amount. interest of two companies A and B in
32 42 (C) Rohit spends Rs 3000 per month different years.
on travelling and education and
1 1 saves the remaining amount.
c) d)
4 2 a)Only B
b)Only C
1 c)Only A
e) d)Both B and C
8 e)None of these
103. 178 537.5 ? 18858.5 169736 108. What will be the compound interest
1867107.5 earned on an amount of Rs 1000 in two
a)2694 b)2693 years?
c)2893 d)2794 (A) The SI on the same amount at the
e)None of these same rate of interest in 5 years is
104. 68921 79507 91125 103823 Rs 4000.
117649 ? (B) The CI and the SI earned in one
a)125000 year are the same. 112. Rahul invested Rs 25000 in the
b)140608 (C) The amount becomes more than Company A for one year in 2009. He
c)148877 double on CI in 20 years. reinvested the total amount (along with
d)132651 a)Only A and C interest) for the amount for next one
e)None of these b)Only B year in 2010. Had he invested the
105. 5 12.5 54.5 333.5 2676.5 ? c)Only A and B amount for both the years in the
a)26775 d)Only B and C Company B, what would have been
b)26725.5 e)Only A the difference between the interest
c)26775.5 109. The sum of the circumference of a circle amounts that he earned?
d)26785.5 and the perimeter of a rectangle is 130
e)None of these cm. The area of the rectangle is 104 sq
64 Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar-751015
Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : vanikbbsr@gmail.com
MAGAZINE FOR THE MONTH OF MARCH- 2017
a)Rs 750.75 118. A man borrowed Rs 50000 from two c)SBI
b)Rs 720.75 money lenders. For the first loan, he d)UCO Bank
c)Rs 760.75 paid 24% pa as simple interest and for e)IDBI
d)Rs 718.75 the second loan he paid 28% pa. If the 122. Among SBI, PNB, UCO and IDBI Bank,
e)None of these total interest he paid at the end of the which bank has the minimum difference
113. In 2013, Vikash invested an amount of year be Rs 12560, how much amount between the number of clerks and that
Rs 15000 in Company A and an amount did he borrow from each lender? of officers for the given years?
of Rs 22000 in company B in that year a)Rs 24000, Rs 26000 a)PNB
for one year. What was the total b)Rs 36000, Rs 15000 b)IDBI
interest accrued? c)Rs 36000, Rs 14000 c)SBI
a)Rs 5625 d)Rs 34000, Rs 16000 d)UCO Bank
b)Rs 4875 e)Rs 32000, Rs 18000 e)Both SBI and IDBI
c)Rs 4675 119. 168-m and 182-m long two trains are 123. What is the average number of officers
d)Rs 4855 running towards each other on parallel recruited (in thousand) by BOB during
e)None of these tracks at 48 kmph and 42 kmph all the years together?
114. Manoj invested an amount of Rs 30000 respectively. In what time will they a)6.6 b)6.3
in Company A in 2009 for one year. cross each other from the moment they c)6.5 d)6.4
Thereafter in 2010 he invested the meet? e)None of these
amount along with interest in Company a)14 seconds 124. The total number of officers recruited
B for one year. What will be the total b)18 seconds by all the banks together in the year
amount of interest earned in the two c)15 seconds 2012 is approximately what percent
years together? d)20 seconds of the total number of clerks recruited
a)Rs 9490 e)25 seconds by SBI, UCO Bank and IDBI in the
b)Rs 9448 year 2014?
c)Rs 9498 Directions (Q. 120-124): Study the a)146 b)152
d)Rs 9436 following table carefully to answer the c)192 d)136
e)None of these questions that follow. e)167
115. An amount of Rs 35000 was invested The number of Clerks and Officers 125. A dice is rolled. If the outcome is an
in Company B in 2011 and after one recruited (in thousands) by six odd numbers then what is the
year the entire amount along with different banks during six different probability that it is a prime number?
interest was reinvested in the Company years
A for one more year. What will be the 1 3
a) b)
total amount of interest accrued? 3 5
a)Rs 4528.475
b)Rs 4619.423 2 7
c)Rs 4912.232 c) d)
d)Rs 4428.432 3 12
e)Rs 4410.231 e)None of these
116. Sonali invested Rs 25000 in Company 126. (x -3) men can do a piece of work in x
B in 2013 for two years with a days and (x +5) men can do 40% of
condition to get the compound interest the same work in (x - 7) days. Then in
at the same rate as for 2013. What was how many days can (x + 5) men finish
the amount of interest earned by her? the work?
a)Rs 8065.5
b)Rs 8061.5
120. What is the ratio of the total number of 7
officers recruited by BOB and PNB a)5 days
c)Rs 8066.5
together in the year 2011 to that of 12
d)Rs 8062.5
clerks recruited by SBI and Canara
e)Rs 8068.7
Bank together in the year 2013?
2
117. A can do a piece of work in 15 days b)2 days
while B can do it in 20 days. They
a)72 : 13 39
b)11 : 14
work together for 6 days and the
remaining work is done by C in 2 days.
c)13 : 11 9
d)7 : 36 c)11 days
If they get Rs 6500 for the whole work,
e)None of these 31
what will be B’s share?
121. Which of the following banks recruited
a)Rs 1800 b)Rs 1900
the Maximum number of officers in the
5
c)Rs 1850 d)Rs 1950 d)8 days
e)Rs 2000
given period? 17
a)BOB e)None of these
b)Canara Bank
87-e
41-d 42-c 43-c 44-a
45-e
(46-50)
46-e 47-a 48-d 49-b
50-e
(51-55)
88-a
Santosh Electrical Football
Sumant Hardware Tennis
Samresh Mettalurgy Swimming
Sahil Tele communication Badminton
Sukant Software Hockey
Sovan Mechanical Cricket 89-a
51-c 52-a 53-c 54-e 55-b
(56-60)
5 22
(15) 2 Area of the circle = 14 14 = 616 sq m
100-c; I. x2 - =0 7
x 1 1 0 - a ; S u m o f t h e a n g l e s o f q u a d r i l a t e r a l = 6 x + 3 x + 4 x + 5 x = 3 6 0
0
88 7 30000 13.5 1
r= = 14 cm = = Rs 4050
22 2 100
Amount =Rs 30000 +Rs 4050 =Rs 34050
34050 16 1
Interest earned by company B in 2010 =
100
=Rs 5448
50
25 25 400
Total work = (x -3)x = 3 Time taken by the faster car =
25
= 2 hours
3 3 9
131-a
Let (x +5) men finish the work in K days.
400 25
Now, 5 K
9 3
400 40 K
Or,
9 3
10 1
K= 3 days
3 3
127-a; CP + 5K = SP 1 (Given profit)
CP - 4K = SP 2 (Given loss)
Since loss (4K) is 20% less than profit (5K)
SP 1 – SP 2 = 9K = 1378 – 1171 = 207 Or, 150x - 900 = 120x
Or, K = 23 Or, 30x = 900
CP = SP 1 – SK = 1378 – 5 23 = Rs 1263 x = 30
130
New quantity of mixture = 6x – 36 +5x = 11x – 36 = 11 30
Reqd. SP = 1263 = Rs 1641.9 – 36 = 294 litres
100 132-d; Let the number be x.
128-b; Let each instalment be Rs x. Then, x (78 – 53)% = 295
25
Or, x = 295
100
1 1 1
x 2
3
Or, x = 1180
r r r
1
Then, 35 1180
100 1 100 1 100 Now, 35% of x = = 413
100
133-a; Let the monthly income of C be Rs x.
25 25 25
2 3 Then, B’s monthly income = Rs (x - 15000)
x A’s monthly income = Rs (x – 15000) – 10000
Or, 18000 = 28 28 28 Hence, A + B + C = x - 25000 + x – 15000 + x = 65000
Or, 3x – 40000 = 65000
Or, x = 7494.28 = 7500 (approx)
105000
129-d; N(A B C) = n(A) + n(B) + n(C) – n(A B) - x= = Rs 35000
n(B C) - n(A C) + n(A B C) = 45 +62 +53 – 35 3
- 42 – 25 +16 = 74 Hence, A’s monthly income = 35000 – 25000 = Rs 10000
130-c; Let the usual speed of the car be x kmph. 134-b; MP = Rs 30, discount = 15% and Rs 1.50 more
50
50 85 3 51 3
Then, =12 SP = 30 Rs
x 10 x 10 100 2 2 2
=Rs 24,
x 10 x 10 12 Gain % = 20%
Or,
x 2 100 50 100
Or, 50x = 6x2 – 600 CP = 24 =Rs 20
Or, 3x2 – 45x +20x – 300 = 0 120
Or, (x -15) (3x +20) = 0
x = 15, -20/3
ak a a
32 only if is proper function and a, b and k are
: 12 y 15 y = 56 : 99 : 69. 140-c;
bk b b
21 all positive integers.
141. d 142. d 143. b 144. a 145. c 146. b
90
136-d; Milk = 90% of 40 L = 40 =36 L, water = 4 L. 147. b 148. a 149. a 150. d 151. d 152. a
100 153. b 154. b 155. c 156. a 157. d 158. b
Let the quantity of water to be added be x liters. Then, 159. d 160. a 161. c 162. e 163. a 164. e
165. d 166. b 167. c 168. a 169. d 170. a
4 x
100 20 171. e 172. b 173. d 174. b 175. b 176. c
40 x 177. b 178. e 179. d 180. e 181. c 182. a
183. b 184. c 185. b 186. b 187. e 188. c
4 x 20 1 189. a 190. a 191. a 192. a 193. b 194. c
40 x 100 5 195. a 196. d 197. d 198. d 199. c 200. d
20+5x = 40+x
4x = 20
x = 5.
137-b; Let father’s present age be x years and son’s age be (45 -x)
years.
(x – 5) (45 –x -5) = 4 (x -5) VANIK’S KNOWLEDGE GARDEN
(x -5) (40- x) = 4(x -5)
Important Nuclear Power Plant in India
40-x = 4
Plant Location State Capacity
x= 36
Present age of father is 36 years and that of the son is 9 years. Narora Atomic Power
Narora Uttar Pradesh 440 MW
138-c; Part filled by A in 1 st min and B in 2 nd min = Station
Rajasthan Atomic
Rawatbhata Rajasthan 1180 MW
1 1 13 Power Station
Tarapur Atomic Power
6 7 42 Station
Tarapur Maharashtra 1400 MW
1
Part is filled in 1 min.
6
63-e 64-b
65-c
(66-70)
66-c 67-a 68-e 69-b 70-e
76-e 77-b 78-d 79-a 80-c
100-e
(101-105)
101-c
102-c; Total actual demand in year 2006-2007 will be
97-c
14
218+ 218 =218+30.52 =248.52 lt
100
The new total supply demand gap for the year =324-248.52
=75.48
103-d; Reqd. difference =255-255 = 0
225 200
104-b; Reqd. %= 100 =12.5%
200
310 285
105-c; Reqd. % = 100 =8.8 %(Approx)
285
(106-110)
106-b; Ratio of equivalent capitals for 1 month =30000 12 :
(24000 4+18000 8) +(42000 4+32000 8)
=360000 : 240000 : 424000 =90 :60 :106 =45 :30 : 53
Sum of ratios =45+30+53 =128
30
B’s share = 11960 =Rs 2803
128
14
107-c; Radius of cylinder = =7 cm
2
Height of cylinder = 14 cm
Reqd. volume = πr 2 h
22
= 7 7 14 =2156 cu. cm.
7
x 6 2 (16800 x) 8 2
2200
100 100
12 x 16800 16 16 x 220000
4 x 268800 220000
x Rs12200
109-b; Kapil’s present age = 12 years
After 6 years, kapil’s age =18 years
Father’s present age =36 -6 =30 years AB 5
cos 600 BC
1 AC 2
Romila’s present age = 30 =7.5 years
4 5
110-c; n(A)=35, n(B)=45, n(A B) =20 a , b 5, and θ 600
2
n( A B ) n( A) n( B ) n( A B )
=35+45-20 =60 1
We get area by A= ab sin C
% of failed students in Hindi or English both =60% 2
Successful students = 40% (116-120)
(111-115)
111-b; From I and II, Rate downstream =u +v =6 km/h
Rate upstream =u –v =3 km/h
u
1
u v u v
2
6 3 km / h
1 9
2 2
From I and III, u + v =6 km/h
u
u 6
3
4u 18
=
18 9
u km / h
4 2
240
112-b; From I and II, Speed of train = =10 m/sec
24
113-d; From all the three statements, Total age of 11 students +1
teacher =14 12 =168 years
Avg. Age of 11 students + teacher =Avg. Age of 11 students
+3
Avg age of 11 students =14-3 =11 years
Their total age =11 11=121 years
Teacher’s age =168-121 =47 years
114-c; From II and III, 5 10 1
SI for two years =Rs 1200 116-a; Reqd. % = 100 3 % =3.3%
Principal =10 1200 =Rs 12000
150 3 3
Thus we can find CI and Amount
435 420100
Or, x (x - 7) +1(x – 7) = 0
x = -1, 7
Hence, % increase = = 3.57% II. 2y2 +13y +15 = 0
420
Or, 2y (y +5) +3(y +5) = 0
123-b; According to the question, Overall exports of A in July = Rs
y = -5, -3/2
246 lakhs
130-d; I. 10x2 – 7x +1 = 0
And in Aug =Rs 273.06 lakhs
Or, 5x(2x – 1) – 1(2x – 1) = 0
Overall export of B in July = Rs 354 lakhs
x = 1/5, 1/2
And in Aug = Rs 392.94 lakhs
II. 35y2 – 12y + 1 = 0
Total export in January =210+145= Rs 355 lakhs
Or, 7y(5y – 1) – 1(5y – 1) = 0
Total export in Aug=273.06+392.94 =666 lakhs
y = 1/7, 1/5
Hence, difference = 666-355 =Rs 311 lakhs
(131-135)
124-b; % increase in ‘Y’ during January to may of house ‘A’
75 70 1.5 0.5
5 50
100 = 100 = % 131-a; Lowest growth rate percent = 100 = 0.1
=
70 70 7 1000
% increase in ‘Y’ during January to may of house ‘B’ 22 16.5
Highest growth rate percent = 100 = 0.55
80 40 1000
= 100 100% Difference =0.55 – 0.1 = 0.45
40
6
50 132-d; Total births in USA = 250000000 = 1500000
Hence, reqd. ratio =
7 100
=1:14 1000
125-c; Percentage increase of ‘Z’ during March to June of house 6
Total deaths in Russia = 250000000 = 300000
85 55 1000
‘B’ = 100 = 54.54% Their difference =1, 500000 – 300000 = 1200000
55
Percentage increase of ‘Z’ during March to June of house ‘A’ 1200000
Reqd. % = 100 = 400%
55 30 250 300000
= 100 % 133-c; Percentage of infant mortality in the context of death rate in
30 3
600 3 3
Japan = 100 = 46.15%
Hence, required ratio =
11 250
= 0.65 : 1 6.5
134-a; Let initial population = 100; then population after 2 years
(126-130)
126-a; I. x2 – 24x +144= 0 2
5
Or, x(x – 12) – 12(x- 12) = 0 = 100 1
x = 12 1000
II. y 2 – 26y + 169 = 0
Or, (y -13)2 = 0 = 100 (1.005)2
y = 13 =100 1.01 = 101
Clearly, x < y Their difference = 101 – 100 = 1
127-d; I. 2x2 + 3x – 20 = 0 Hence, reqd. increase percentage = 1%
Or, 2x (x +4) – 5(x +4) = 0 135-e
56.552 ?
a) If the data in statement I alone are of question mark (?) in the following
sufficient to answer the question, 105. questions? (you are not expected to
while the data in statement II alone a)3160 b)3198 calculate the exact value.)
are not sufficient to answer the
question.
c)3249
e)2975
d)3205
109. 8686 5204 7507
b) If the data in statement II alone
are sufficient to answer the Directions (Q.106-107): Each of the 2840 7099 6200 ?
question, while the data in questions below consists of a question
statement I alone are not sufficient and two statements numbered I and II a)1.91 b)2.71
to answer the question. given below it. You have to decide c)1.66 d)2.05
c) If the data either in statement I whether the data provided in the e)1.33
alone or in statement II alone are statements are sufficient to answer the 110. (676% of 990)+4880=?
sufficient to answer the question. question. Read both the statements and a)11572 b)12688
d) If the data in both the statements give answer c)13560 d)12401
I and II together are not sufficient a) If the data in statement I alone are e)11102
to answer the question. sufficient to answer the question,
while the data in statement II alone Directions(Q. 111-113): What will come
e) If the data in both the statements
are not sufficient to answer the in place of question mark (?) in the given
I and II together are necessary to
question. number series?
answer the question.
b) If the data in statement II alone 111. 15 47 122 ? 511 895
100. What will be the cost of fencing of a are sufficient to answer the a)252 b)256
circular park? question, while the data in c)262 d)266
I. The area of the circular park is statement I alone are not sufficient e)276
1386 sq m. to answer the question. 112. 16 24 ? 54 81 121.5
II. The cost of fencing is Rs 4 per c) If the data either in statement I a)30 b)34
metre. alone or in statement II alone are c)36 d)22
101. What was the percentage of discount sufficient to answer the question. e)26
given on the marked price of the TV? d) If the data in both the statements 113. 1320 1716 2184 2730 ? 4080
I. 15% profit was earned by selling I and II together are not sufficient a)3280 b)3180
the TV for Rs 14950. Has there to answer the question. c)3380 d)3360
been no discount, the profit e) If the data in both the statements e)3160
percentage would have been 30%. I and II together are necessary to 114. The length of a rectangle is increased
II. The cost price of the TV was Rs answer the question. by 20%. By what percent should the
10000.
106. How many students are there in the width be decreased to maintain the area?
102. What is the area of a circle?
class? a)15% b)14%
I. The diameter of the circle is 45
cm less than its circumference. I. The number of boys is 40 more 2 2
II. The radius of the circle is equal to than that of girls. c) 16 % d) 14 %
the length of a rectangle whose II. The difference between the no. Of 3 3
perimeter is 39 cm. boys and that of girls is 20% of
the number of girls. 2
Directions (Q.103-105): What 107. Find the number which is divisible by e) 11 %
approximate value should come in place
3
3.
of question mark (?) in the following 115. Three pipes X, Y and Z can fill a tank
I. The square of the number is
questions? (you are not expected to in 40 hours, 30 hours and 60 hours
divisible by 9.
calculate the exact value.) respectively. If all the pipes are opened
II. The number lies between 721 and
together, in how much time will the
724.
103. 65987÷62×6=? tank be full?
108. A alone can do a piece of work in 5
a)6538 b)6187 a)13 h 45 min
days. B can do the same piece of work
c)6386 d)6281 b)12 h 40 min
in 4 days. A and B are assigned to do
e)6440 c)13 h 20 min
the work for Rs 2400. They complete
d)12 h 40 min
104. 5689 ? the work in 2 days with the help of C.
e)12 h 50 min
How much is to be paid to C?
a)81 b)77
a)Rs 300 b)Rs 480 Directions(Q. 116-117): What will come
c)79 d)75
c)Rs 260 d)Rs 240 in place of question mark (?) in the given
e)74
e)Rs 290 number series?
Directions (Q. 109-110): What 116. 17 305 449 521 ? 575
approximate value should come in place a)555 b)565
50-e
EXPLANATIONS
1. d 2. c 3. e 4. c 5. b 6. a
7. e 8. e 9. b 10. a
(11-20)
11-e; No error
12-d; ‘mushrooming’ should be used-which would serve as and
adjective
13-c; ‘Are’ should replace ‘is’-verb should agree with ‘bulbs’
14-b; ‘By’ should replace ‘with’-which means ‘by the way of’
15-e; No error
16-‘Migration’ should replace ‘migrate’-a noun is to be used.
17-d; ‘Protective’ should replace ‘protect’ an adjective is to be
used.
18-d; ‘An’ should replace ‘A’- ‘emergency’ begins with a vowel
sound.
19-c; ‘keep’ should replace ‘kept’- after ‘to’ first form of verb is to
be used. (51-55)
20-c; ‘Details’ should replace ‘Detailed’-a noun is required.
21. a 22. b 23. c 24. c 25. c
(26-30) Husband Wife Children Age
BDGAFEC Sourav Gita E 9
26. e 27. b 28. d 29. a 30. c 31. a Ritesh Rachita C 5
32. d 33. b 34. d 35. c 36. a 37. c
Mohit Veena D 3
38. a 39. d 40. b
(41-45) Rahul Nita B 4
Students Subjects Harish Sita A 6
A Sanskrit
B English 51-b 52-a 53-c 54-d 55-b
C English
D Commerce
E Sanskrit R U P S Q T
F English Facing South
G Commerce
H Commerce
C>E >B>H> F>D>G>A Facing North
41-c 42-b 43-e 44-e 45-d C A F D B E
(46-50)
46-a 47-b (56-60)
56-c 57-c 58-a 59-d 60-d
(61-65)
61-b; People=%E6
P=%, number of letter=6 last letter=E.
(grand mother) D
We have to
F
B (son in law)
(C’s son) PQ OP 2 OQ 2
2 2 14 2
(+) C D (-) 200
10 2
(-)E B (+) (-)G (+)
F
85-e; TOUR, ROUT
85-b 87-d 88-b 89-e 90-d
(91-95)
H(+) A(-) 91. (e); The given ratio of males to females who qualify from State
P in 2008 is 11 : 7. Let the no. of male and female qualified
66-c 67-b 68-c 69-a 70-b candidates be 11x and 7x respectively.
(71-75) Then, according to the question.
71-a 72-c 73-e 74-e 75-c 7x = 126
(76-79) x = 18
76-a; Smile only not necessary to win, but smile create a possibility. Males = 18 11 = 198
77-d; Both I and II are false assumption with respect to the given Total number of qualified candidates = 198 + 126 = 324
statement. Let the total number of appeared candidates be y.
78-d; This actions can’t softening the inflation. Then, y 60% = 324
79-e
(80-82) 324100
y = = 540
60
X+ 92. (c); Let the number of appeared candidates from State Q in
2006 be x.
Then, the number of appeared candidates in 2007
Q+ P+ Y
- x 100
=x =2x
100
+ x 30 2 x 45
R- Z According to the question, = 408
100 100
80-c 81-b 82-a
3x 9 x D D 48 15 63
Or, = 408 Or,
10 10 5 8 60 60
Or, 12x = 408 10
8 D 5 D 63 21
408 10 Or,
x= = 340 40 60 20
12
Hence, the number of candidates from State Q in 2006 is 340.
21 40
D= = 14 kms
450 60 600 43 20 3
93. (a); Difference = = 270 – 258 = 12 98. (d); Curved surface area of cylinder = 2 π rh
100 100 Total surface area of cylinder = 2 π rh + 2 π r2
94. (d); Let the percentage of candidates who qualify from State Q
in 2010 be x% 51232
Total surface area of cylinder = = 1540 sq m
280 60 550 50 4
400 x% Circumference of base of cylinder =1540 – 1232 = 308m
Then, avg. = 100 100 = 210 Now, surface area = circumference of base height
3 1232 = 308 h
Or, 168 +275 + 4x = 630
Or, 4x = 630 – 443 = 187 1232
h= = 4 cm
187 308
x= = 46.75% 99. (b); Total no. of balls = 3 + 5 + 7 = 15
4 N o w ,
15
nC1 = 15
( S ) =
The number of qualified candidates from State Q in 2010 n(E) = 7C1 + 3C1 = 7 + 3 = 10
46.75 n( E ) 10 2
= 400 = 187 Reqd. probability =
100 n( S ) 15 3
95. (c); The ratio of qualified candidates from State P in 2009 to (100-102)
that in 2010 is 14 : 9. 100. (e); From I and II: Area of the circular park = r2 = 1386
Now, in 2009 the number of qualified candidates =
46.75 1386 7
400 r2 = = 441
100
= 336 22
r = 21
Let the number of qualified candidates from State P in 2009
Perimeter of the circular park = 2 r
be 14x and in 2010 be 9x.
Then, 14x = 336 22
= 2 21 = 44 21 = 924m
336 7
x= = 24
14 Cost of fencing the circular park = 924 4 = Rs 3696
In 2010 the number of qualified candidates = 9 24 = 216 101. (a); From I. The selling price is Rs 14950 at 15% profit.
(96-99) 14950100
96. (c); Ratio of profit of share A : B : C So, CP = = Rs 13000
=4 12 : 6 8 : 5 8 115
= 48 : 48 : 40 = 6 : 6 : 5 When no discount is allowed the profit becomes 30%.
Now, let the share of A be 6x, that of B be 6x and that of C be
130
MP = 13000
5x respectively.
= Rs 16900
Then, 6x – 5x = 250 100
Or, x = 250
Total annual profit = 6x + 6x +5x = 17x = 17 250 = Rs 4250 16900 14950
97. (e); Let the distance between point A and B be D km. % discount = 100
16900
D 48 D 15
Then, Hence, only I is sufficient to answer the question.
5 60 8 60
Directions (1-2): The following questions consist of two words 7. a)Ode b)Lyric
each that have a certain relationship to each other, followed c)Sonnet d)Epic
by four lettered pairs of words. Select the lettered pair that 8. If the animals which can walk are called ‘swimmers’, animals
has the same relationship as the original pair of words printed who crawl are called ‘flying’, those living in water are called
in bold ‘snakes’ and those which fly in the sky are called ‘hunters’,
then what will a lizard be called?
1. Energy :Dissipate a)Swimmers b)Snakes
a)Atom: Explosion b)Power : Generator c)Flying d)Hunters
c)Money : Squander d)Battery :Charge 9. In the given diagram, square represents Teachers, rectangle
2. Basement: Attic represents players and triangle represents workers. Which
a)Nadir : Zenith b)Zenith : Apex region represents Teachers who are player?
c)Zenith : Root d)Apex : Pinnacle
Directions (5-6): The following questions are based on the a)E b)F
letters written along the figure given below. In each question, c)D,E d)C, F
the relationship between the two terms written to the left of Directions: In question nos. 10 and 11 which Answer Figure
:: is retained in the two terms to the right of it. Out of these will complete the pattern in the Question Figure?
four terms, one term is missing. Choose this term out of the
given alternatives 10.
14.
15.
Directions (12):In each question below is given a statements
followed by two assumptions numbered I and II. you have to
consider the statement and the following assumptions and
decide which of the assumptions is implicit in the statement.
Give answer (a) if only assumption I is implicit; (b) if only
assumption II is implicit (c) if neither I nor II is implicit and
(d) if both I and II are implicit.
3 2 2
6 20 4
12 25 64
6 10 ?
Directions (19): In each of the following questions, you given a)6 b)8
a combination of alphabets and /or numbers followed by four c)10 d)12
alternatives (a), (b), (c) and (d). Choose the alternative which 25. A fires 5 shots to B’s 3 but A kills only once in 3 shots while B
most closely resembles the water. Image of the given kills once in 2 shots. When B has missed 27 times, A has killed
combination. a)30 birds b)60 birds
c)72 birds d)90 birds
19. 96FSH52
PART-B
ENGLISH LANGUAGE
20. Count the number of cubes in the given figure. Directions (Q. Nos. 26-27): In the following questions, four
alternatives are given for the Idiom/Phrase. Choose the
alternative which best expresses the meaning of the Idiom/
Phrase.
52-a
55-c
56-c
57-b
61-a
58-c
59-d
66-b
62-d; It is obvious from the graph that the base of the triangle is 4
unit and its height is 2 unit.
1
Reqd. Area = 4 2 = 4 sq unit
2
2
63-d; Speed downstream = 30 = 12 km/hr
5
4
Speed upstream = 30 = 8 km/h
15
1
Speed of boat in still water = (12 8) = 10 km/h
2
64-a
67-c
75-a
70-b
WHO’S WHO
LIST OF COUNCIL OF MINISTERS
Shri Narendra Modi Prime Minister and also in-charge of:
Ministry of Personnel, Public Grievances and Pensions;
Department of Atomic Energy;
Department of Space; and
All important policy issues, and
All other portfolios not allocated to any Minister.
Minister of State (Independent Charge) of the Ministry of Planning; Minister of State in the Rao Inderjit Singh
Ministry of Urban Development; and
Minister of State in the Ministry of Housing and Urban Poverty Alleviation
Minister of State (Independent Charge) of the Ministry of Labour and Employment Bandaru Dattatreya
Minister of State (Independent Charge) of the Ministry of Skill Development and Rajiv Pratap Rudy
Entrepreneurship.
Minister of State (Independent Charge) of the Ministry of Youth Affairs and Sports; and Vijay Goel
Minister of State in the Ministry of Water Resources, River Development and Ganga
Rejuvenation
Minister of State (Independent Charge) of the Ministry of Ayurveda, Yoga and Naturopathy, Shripad Yesso Naik
Unani, Siddha and Homoeopathy (AYUSH)
Minister of State (Independent Charge) of the Ministryof Petroleum and Natural Gas Dharmendra Pradhan
Minister of State (Independent Charge) of the Ministry of Power; Minister of State Piyush Goyal
(Independent Charge) of the Ministry of Coal; Minister of State (Independent Charge) of the
Ministry of New and Renewable Energy; and Minister of State (Independent Charge) of the
Ministry of Mines.
Minister of State (Independent Charge) of the Ministryof Development of North Eastern Jitendra Singh
Region; Minister of State in the Prime Minister’s Office; Minister of State in the Ministry of
Personnel, Public Grievances and Pensions; Minister of State in the Department of Atomic
Energy; and Minister of State in the Department of Space
Minister of State (Independent Charge) of the Ministry of Commerce and Industry. Nirmala Sitharaman
Minister of State (Independent Charge) of the Ministry of Culture; and Minister of State Mahesh Sharma
(Independent Charge) of the Ministry of Tourism
Minister of State (Independent Charge) of the Ministry of Communications; and Minister of Manoj Sinha
State in the Ministry of Railways
Minister of State (Independent Charge) of the Ministry of Environment, Forest and Climate Anil Madhav Dave
Change
Minister of State (Independent Charge) of the Ministry of Minority Affairs; and Minister of Mukhtar Abbas
State in the Ministry of Parliamentary Affairs Naqvi
MINISTERS OF STATE
Minister of State in the Ministry of Micro, Small and Medium Enterprises Haribhai Parthibhai Chaudhary
Minister of State in the Ministry of Rural Development. Ram Kripal Yadav
Minister of State in the Ministry of Social Justice and Empowerment Ramdas Athawale
Minister of State in the Ministry of Agriculture and Farmers Welfare; and S.S. Ahluwalia
Minister of State in the Ministry of Parliamentary Affairs.
Minister of State in the Ministry of External Affairs General (Retd.) V.K. Singh
Minister of State in the Ministry of Finance Santosh Kumar Gangwar
Minister of State in the Ministry of Health and Family Welfare Faggan Singh Kulaste
Minister of State in the Ministry of Micro, Small and Giriraj Singh
Medium Enterprises
Minister of State in the Ministry of Home Affairs Hansraj Gangaram Ahir
Minister of State in the Ministry of Drinking Water and Ramesh Chandappa
Sanitation Jigajinagi
Minister of State in the Ministry of Railways Rajen Gohain
Minister of State in the Ministry of Agriculture and Parshottam Rupala
Farmers Welfare; and Minister of State in the Ministry of Panchayati Raj
Minister of State in the Ministry of External Affairs. M. J. Akbar
Minister of State in the Ministry of Human Resource Development Upendra Kushwaha
Minister of State in the Ministry of Road Transport and Radhakrishnan
Highways; and Minister of State in the Ministry of Shipping
Minister of State in the Ministry of Home Affairs Kiren Rijiju
Minister of State in the Ministry of Social Justice and Empowerment Krishan Pal
Minister of State in the Ministry of Tribal Affairs Jaswantsinh Sumanbhai Bhabhor
Minister of State in the Ministry of Water Resources, Dr. Sanjeev Kumar
River Development and Ganga Rejuvenation Balyan
Minister of State in the Ministry of Steel. Vishnu Deo Sai
Minister of State in the Ministry of Agriculture and Farmers Welfare Sudarshan Bhagat
Minister of State in the Ministry of Science and Y.S. Chowdary
Technology; and Minister of State in the Ministry of Earth Sciences
Minister of State in the Ministry of Civil Aviation Jayant Sinha
Minister of State in the Ministry of Information and Broadcasting Col. Rajyavardhan Singh Rathore
Minister of State in the Ministry of Heavy Industries and Public Enterprises Babul Supriyo
Minister of State in the Ministry of Food Processing Industries Sadhvi Niranjan Jyoti
Minister of State in the Ministry of Social Justice and Empowerment Vijay Sampla
Minister of State in the Ministry of Finance; and Arjun Ram Meghwal
Minister of State in the Ministry of Corporate Affairs
Minister of State in the Ministry of Human Resource Development Mahendra Nath Pandey
Minister of State in the Ministry of Textiles Ajay Tamta
Minister of State in the Ministry of Women and Child Development Krishna Raj
Minister of State in the Ministry of Road Transport and Mansukh L.
Highways; Minister of State in the Ministry of Shipping; and Minister of State in the Mandaviya
Ministry of Chemicals and Fertilizers.
Minister of State in the Ministry of Health and Family Welfare Anupriya Patel
Minister of State in the Ministry of Consumer Affairs, Food and Public Distribution C. R. Chaudhary
Minister of State in the Ministry of Law and Justice; and Minister of State in the P.P. Chaudhary
Ministry of Electronics and Information Technology
Minister of State in the Ministry of Defence Subhash Ramrao Bhamre
Antino Guterres
Birendra Singh
127 Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar-751015
Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : vanikbbsr@gmail.com
MAGAZINE FOR THE MONTH OF MARCH - 2017
ABBREVIATION
IOB-Indian Overseas Bank.
AFS-Annual Financial Statement IPO-Initial Public Offering.
AFS-Available For Sale IRBI-Industrial Reconstruction Bank of India.
BoP-Balance of Payments KCC-Kisan Credit Card.
CR-Capital Receipts KMB-Kotak Mahindra Bank.
KVB-Karur Vysya Bank.
CRAR-Capital to Risk Weighted Asset
KYC-Know Your Customer.
Ratio LAB-Local Area Bank.
DCCB-District Central Cooperative Bank LAF-Liquidity Adjustment Facility.
ECGC-Export Credit and Guarantee Corporation LDB-Land Development Bank.
GFD-Gross Fiscal Deficit LIBOR-London Inter Bank Offered Rate.
GIC-General Insurance Corporation MIBOR-Mumbai Inter Bank Offer Rate.
HUDCO-Housing & Urban Development Corporation NABARD-National Bank for Agricultural and Rural
IBRD-International Bank for Reconstruction and Development.
NAS-National Account Statistics.
Development
NAV-Net Asset Value.
IBS-International Banking Statistics NBC-Non Banking Companies.
OECD-Organisation for Economic Cooperation and NBFC-Non Banking and Finance companies.
Development NEFT-National Electronic Funds Transfer System.
OLTAS-OnLine Tax Accounting System NFA-No Frills Account.
RWA-Risk Weighted Asset NFC-Non Banking Finance Companies.
SEBI-Securities and Exchange Board of India NHB-National Housing Bank.
NIB-Nordic Investment Bank.
UBB-Uniform Balance Book
NPA-Non Performing Assets.
WPI -Wholesale Price Index NPS-National Pensions Scheme.
FDI-Foreign Direct Investment. NSE-National Stock Exchange.
FERA-Foreign Exchange Regulation Act. OMO-Open Market Operations.
FICCI-Federation of Indian Chambers of Commerce and OTP-One Time Password.
Industry. PGS-Payment Gateway System.
FII-Foreign Institutional Investor. RBI-Reserve Bank Of India.
FIPB-Foreign Investment Promotion Board. RBS-Royal Bank of Scotland.
FPI-Foreign Portfolio Investment. RRB-Regional Rural Bank.
FTA-Free Trade Agreement. RTGS-Real Time Gross Settlement System.
GDP-Gross Domestic Product. SCB-Scheduled Commercial Bank.
GDR-Global Depository Receipt. SCC-Selective Credit Control.
GAAR-General Anti Avoidance Rule. SEPA-Single Euro Payment Area.
HDFC-Housing Development Finance Corporation. SEBI-Security Exchange Board Of India.
IBRD-International Bank For Reconstruction And SHGs-Self Help Groups.
Development. SIDBI-Small Industries and Development Bank of India.
ICICI-Industrial Credit and Investment Corporation of SLR-Statutory Liquidity Ratio.
India. SPNS-Shared Payment Network System.
IDB-Islamic Development Bank. SWIFT-Society For World Wide Inter Bank Financial
IDBI-Industrial Development Bank of India. Telecommunication.
IDR-Indian Depository Receipts. ULIP-Unit Linked Insurance Plan.
IIB-International Investment Bank. UCB-Urban Cooperative Bank.
IIBF- Indian Institute of Banking and Finance. UEBA-Universal Electronic Bank Account.
IRR- Internal Rate Of Return. UIDAI-Unique Identification Authority of India.
IMD-India Millennium Deposits. ULIP-Unit Linked Insurance Policies.
IMF-International Monetary Fund. UPIN-Unique Property Identification Numbers.
IMPS-Immediate Mobile Payment System. USB-Ultra Small Branch.
S P M C I L - S e c u r i t y P r i n t i n g a n d M i n t i n g
IMPROVING INDIA’S SCIENTIFIC which, among other problems, makes them unattractive to
CAPABILITIES rising talent that prefers greener pastures abroad.
The second issue that the government is focusing on is
Prime minister Narendra Modi’s pledge to place India among
strengthening the links between S&T and industry. If done
the top three countries in the world in the field of science
right, this could potentially bring in the resources necessary
and technology (S&T) by 2030—announced at the Indian
to boost Indian science. Currently, much of the funding comes
Science Congress in Tirupati recently and reiterated at the
from the government while private-sector investment (in the
Nobel prize exhibition in Ahmedabad is a fine sentiment. But
form of research and development centres, for example) is
it is also a grandiose one. Getting even part-way there is
below par. Overall, despite talk since the late 1980s of
going to take some doing. India performs below its potential
increasing S&T investments from the public and private
on just about every indicator of scientific progress and
sector to 2% of GDP (gross domestic product), the figure
achievement there is: be it the amount of public and private
still hovers at around 0.9%. In comparison, South Korea leads
funding earmarked for research, the number of prestigious
the race, investing 3% of its GDP in S&T, while Japan follows
awards won by Indian scientists working in Indian
close behind.
institutions, the number of patents registered in the names
Another example is tiny Israel, which has not only nurtured
of Indians or the number of articles published in well-known
a flourishing S&T ecosystem but leveraged its security
peer-reviewed journals.
challenges to build a robust defence industry. In India, it will
India has a long civilizational history of scientific
be interesting to see if the Modi government’s flagship
achievement. But today the list of Indian scientists who have
scheme to boost domestic manufacturing and its consequent
won the world’s most prestigious award, the Nobel, begins
efforts to woo foreign capital (specifically in defence) can do
and ends with C.V. Raman. The longer list of Indian-origin
something similar.
and Indian-born winners has 16 mentions—but that also only
Against this backdrop, it was perhaps in the fitness of things
highlights the large-scale systemic failures that extend across
that the Nobel exhibition, which brought nine Nobel laureates
institutions and manifest at all levels.
on one platform in Ahmedabad, was organized in association
Only time will tell if the Modi government will be able to put
with an investment summit to underline how science,
in motion the revamp he has spoken of. But for now, there
technology and innovation hold the key to enterprise and
are early indicators that give us some idea of the
entrepreneurship. The event is part of the larger Nobel Prize
government’s plans and priorities.
Series—and can be seen as part of the government’s larger
First is the government’s focus on improving science
effort to make science more glamorous. If there is to be real
education at the school level: In Ahmedabad, Modi spoke of
progress, it will need unglamorous, ground-level work.
scientists helping develop course modules while in Tirupati,
Fetishizing the Nobel as an end in itself—as Andhra Pradesh
he mentioned scientific social responsibility wherein premier
chief minister N. Chandrababu Naidu did recently when he
laboratories and research institutions could partner with
announced Rs100 crore in prize money for anyone from his
nearby schools and colleges to create an environment that
state who wins the Nobel prize—will not be enough.
supports scientific education and innovation. This is well
and good. But these are in the nature of vague, broad ideas, WHY OUR AGNI V LAUNCH FIRED UP
when what is needed is foundational work on the overall
education system.
CHINA
A human resource and development ministry report tabled When India first tested its three stage Intercontinental
Ballistic Missile Agni V on April 20, 2012, China’s reaction
in Parliament recently noted that as many as a million teaching
was remarkably restrained. “China and India are both
positions in government schools across the country are lying
vacant; successive status of education reports by the non- emerging powers. We are not rivals, but cooperative partners.
We should cherish the hard-earned momentum of
profit Pratham have highlighted how educational outcomes
cooperation,” Liu Weimin, China’s Foreign Ministry
among Indian school students are falling at an alarming rate.
The situation in institutions of higher education is hardly Spokesperson said. She added: “The two countries have a
sound relationship. During the (recent) fourth BRICS meeting
any better. Elite institutions such as the IITs are the exception,
the leadership of the two countries agreed on a consensus
and they too struggle to compete globally. In the QS World
University Rankings 2016-17, only two Indian institutions to further strengthen cooperation.”
Even the normally aggressive Chinese Government
ranked among the top 200 universities in the world: Indian
mouthpiece, Global Times, was relatively restrained. It
Institute of Science, Bangalore (rank 152) and Indian Institute
of Technology, Delhi (rank 185). Research institutions also asserted: “India should not overestimate its strength. Even
if it has missiles that could reach most parts of China that
suffer from government interference and lack of funding
CHALLENGES IN FRONT OF THE INDIAN In such a scenario, General Rawat has to not only
ARMY act fairly, but also to be seen to act fairly to restore
the cohesiveness of the army.
The turbulence caused by selection of General Bipin Rawat
The seniority rigidity
as the new Army Chief, superseding two army commanders
The two superseded officers, Lt General Praveen
senior to him, has seemingly calmed down within the first
Bakshi and Lt General PM Hariz, have decided to
week of the changeover. However, the challenges he inherited
continue as army commanders. This might however
as the Army Chief need a refreshed lookout and speedy
create some functional problems as seniority matters
resolutions.
a lot in a rigidly hierarchical organisation like the
Modernisation of Army
army.
The modernisation of army has been lagging for
However, it is expected to be handled and dealt with
many years
deftly as both the officers shall be retiring in
The army had identified 24 modernisation projects
November.
of which 11 of them were deemed as critical. However,
Seventh pay commission
even the ‘critical’ projects also did not see much of
General Rawat will have to take up with the
progress, thereby revealing the current fragile
government the need for urgent action to meet the
condition of the Indian Army.
aspirations of the soldiers from the Seventh Pay
Infantry modernisation has been a pothole despite
Commission.
initiation of procurement of artillery guns, air defence
The four core issues – questions of status
assets and helicopters. Today, the infantry solider
equivalence, hardship and risk allowances, the
lacks even a modern basic assault rifle.
military service pay and non-functional upgradation
The procurement of improved bullet proof jackets
– need to be resolved urgently.
and ballistic helmets for the soldiers has been talked
These issues have a direct impact on the morale
about since long, but neither has seen light of day.
and effectiveness of soldiers in operations while
General Rawat is from the infantry and hence the
having the potential to damage the delicate balance
lack of modern equipment for the foot-soldier ought
of civil-military relations.
to be his greatest concern.
Lack of infrastructure
Thus, continuous modernization of the force by
Though the army chief has highlighted that the
gradual induction of latest equipment for giving a
Indian army is tasked to fight a two-front war, that
futuristic outlook to the forces is the need of the
is China and Pakistan, there is lot be done to make
day.
India stronger- militarily as well as infrastructure
Intra-army grapple
wise.
General Rawat’s supersession of two officers
A Mountain Strike Corps for the China border was
belonging to armoured corps and the mechanised
raised during UPA II government but the state of its
infantry is proof of the fact that in current
equipping and infrastructure has been lagging way
environment, infantry is perceived to be dominating
behind planned targets.
the army
Even the slow pace of construction of roads by the
However, a bias towards infantry from the new Army
Border Roads Organisation and the delay in
Chief may further open long-existing fissures within
commencement of laying of strategic railway lines
the organisation.
makes it extremely difficult for the army to deploy
The implementation of AVS Committee report which
troops within the required time-frame should the
provides for faster promotions for Army officers up
need arise.
to the rank of Colonel in order to reduce their age
Internal security- J&K
profile at the combat level and ensure that they get
The situation in J&K has deteriorated dramatically
promotions commensurate to their jobs which was
in Jammu and Kashmir, with terrorists targeting army
subsequently supported by Supreme Court decision
camps at Uri and Pathankot last year.
have already caused a lot of heartburn in the army.
There was a huge spike in cross border infiltration
Such evolving dynamics is not good for an
with 112 terrorists coming in 2016 as compared to
organisation like army which is considered strong
30 in 2015.
when all its branches are well coordinated and
In the same way, the army lost 63 soldiers in the
cooperated, even in peace time.
state, more than double the previous year’s figures.
H
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Corporate Office : Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar
Ph : 0674-6556677, 8093-556677
Web : www.vanik.org, E-mail : vanikbbsr@gmail.com
Price : `50