Comming Soon
Tuesday, 19 July 2016
BooksnAuthors
1- ‘Endurance: My Year in Space and Our Journey to Mars’-- story of Scott Kelly
2- “A State in Denial – Pakistan’s Misguided and Dangerous Crusad”-- B.G.Verghese
3- The Sympathizer -- Viet Thanh Nguyen
4-Framed As a Terrorist: My 14-Year Old Struggle to Prove My Innocence--Mohammad Aamir Khan
5-Who Killed Swami Laxmanananda? -- Anto Akkara
6-'Ace Against Odds' -- Sania Mirza with her father Imran Mirza.
7-Shashi Kapoor – the Householder, the Star -- Aseem Chhabra
8- Flying in High Winds: A Memoir-- S.K. Mishra
9-Anything But Khamosh: The Shatrughan Sinha Biography-- Bharthi S Pradhan
10-The Kiss of Life-Emraan Hasmi & BilalSiddiqui
2- “A State in Denial – Pakistan’s Misguided and Dangerous Crusad”-- B.G.Verghese
3- The Sympathizer -- Viet Thanh Nguyen
4-Framed As a Terrorist: My 14-Year Old Struggle to Prove My Innocence--Mohammad Aamir Khan
5-Who Killed Swami Laxmanananda? -- Anto Akkara
6-'Ace Against Odds' -- Sania Mirza with her father Imran Mirza.
7-Shashi Kapoor – the Householder, the Star -- Aseem Chhabra
8- Flying in High Winds: A Memoir-- S.K. Mishra
9-Anything But Khamosh: The Shatrughan Sinha Biography-- Bharthi S Pradhan
10-The Kiss of Life-Emraan Hasmi & BilalSiddiqui
BooksnAuthors
1-The Greatest: My Own Story and The Soul of a Butterfly-- Boxing Legend Muhammad Ali
2-The Unseen Indira Gandhi --Dr KP Mathur
3-“The Other Side of Silence: Voices from the Partition of India”--Urvashi Butalia
4- Iron Fist, Velvet Glove--Mahesh Nair
5-President Pranab Mukherjee received the first copy of a book titled --The Education President
6- The World in 2050- Striving for a More Just, Prosperous and Harmonious Global Community -- Harinder S. Kohli.
7-India vs Pakistan : Why Can’t we just be friend--Husain Haqqani
8-Losing My Religion--Vishwas Mudagal
9-Goa Undercover--Madhumita Bhattacharyya
10-Standing Guard— A year in Opposition-- P. Chidambaram
2-The Unseen Indira Gandhi --Dr KP Mathur
3-“The Other Side of Silence: Voices from the Partition of India”--Urvashi Butalia
4- Iron Fist, Velvet Glove--Mahesh Nair
5-President Pranab Mukherjee received the first copy of a book titled --The Education President
6- The World in 2050- Striving for a More Just, Prosperous and Harmonious Global Community -- Harinder S. Kohli.
7-India vs Pakistan : Why Can’t we just be friend--Husain Haqqani
8-Losing My Religion--Vishwas Mudagal
9-Goa Undercover--Madhumita Bhattacharyya
10-Standing Guard— A year in Opposition-- P. Chidambaram
Monday, 18 July 2016
Essay
Pros & Cons of SBI Associate merging with parent SBI:
The Union cabinet on June 15, 2016 approved the merger of the five subsidiaries of State Bank of India (SBI) with the parent, as the Indian banking system moves into a phase of consolidation.
The cabinet approved the merger of the subsidiaries namely State Bank of Mysore ,State bank of Travancore,State Bank of Hyderabad,State Bank of Patalia ,State Bank of Bikaner and Jaipur along with Bhartiya Mahila Bank Ltd with SBI. SBI’s merger with subsidiaries will see the combined entity’s balance sheet at a whopping Rs.37 trillion, making it one of the top 50 banks in the
world.
Some of the pros and cons are as follows:
Pros:
1) Currently, no Indian bank features in the top 50 banks of the world. With this merger,visibility at global level is likely to increase.
2)Branch rationalization, if executed well, would be one of the key synergy benefits from the merger
3)The merger benefits include getting economies of scale and reduction in the cost of doing business.
4)After the amalgamation it can withstand the strong competition from private sector banks and can accumulate more resources to channelize trained manpower across its branches.
5)The merger of SBI and its associate banks will result in the network increase of SBI and its reach would multiply.
6)Cost savings on account of treasury operations, audit, technology, etc, would lower cost-to-income ratio in the long term.
7)Any introduction of new technologies and features by SBI will uniformly be available to all customers of SBI , its associates and subsidiaries.
8>Shares of SBI and its associates will post tremendous earnings in the stock exchange thereby benefiting stake holders.
Cons:
1)Immediate negative impact would be from pension liability provisions (due to different employee benefit structures) and harmonization of accounting policies for NPA (non-performing assets) recognition.
2)The associate banks are on a totally different footing as they have regional flavor and regional focus compared to nationalistic SBI culture.
3)Various internal conflicts and disputes may arise with regard to promotion,pension and other potential issues.
4) Post the merger, SBI's employee costs could rise by Rs 23 crore a month.
Pros & Cons of Sbi merger
Pros & Cons of SBI Associate merging with parent SBI:
The Union cabinet on June 15, 2016 approved the merger of the five subsidiaries of State Bank of India (SBI) with the parent, as the Indian banking system moves into a phase of consolidation.
The cabinet approved the merger of the subsidiaries namely State Bank of Mysore ,State bank of Travancore,State Bank of Hyderabad,State Bank of Patalia ,State Bank of Bikaner and Jaipur along with Bhartiya Mahila Bank Ltd with SBI. SBI’s merger with subsidiaries will see the combined entity’s balance sheet at a whopping Rs.37 trillion, making it one of the top 50 banks in the
world.
Some of the pros and cons are as follows:
Pros:
1) Currently, no Indian bank features in the top 50 banks of the world. With this merger,visibility at global level is likely to increase.
2)Branch rationalization, if executed well, would be one of the key synergy benefits from the merger
3)The merger benefits include getting economies of scale and reduction in the cost of doing business.
4)After the amalgamation it can withstand the strong competition from private sector banks and can accumulate more resources to channelize trained manpower across its branches.
5)The merger of SBI and its associate banks will result in the network increase of SBI and its reach would multiply.
6)Cost savings on account of treasury operations, audit, technology, etc, would lower cost-to-income ratio in the long term.
7)Any introduction of new technologies and features by SBI will uniformly be available to all customers of SBI , its associates and subsidiaries.
8>Shares of SBI and its associates will post tremendous earnings in the stock exchange thereby benefiting stake holders.
Cons:
1)Immediate negative impact would be from pension liability provisions (due to different employee benefit structures) and harmonization of accounting policies for NPA (non-performing assets) recognition.
2)The associate banks are on a totally different footing as they have regional flavor and regional focus compared to nationalistic SBI culture.
3)Various internal conflicts and disputes may arise with regard to promotion,pension and other potential issues.
4) Post the merger, SBI's employee costs could rise by Rs 23 crore a month.
Descriptive tips:
Descriptive tips:
In the descriptive test normally candidates are required to write essay type answers to the questions which are based on situations, current topics, topics of common interest, national issues etc. The questions are basic in nature and not much preparation is required for it.
However since you have to qualify that, therefore your objective should be to write very well in the given time. In case you are not comfortable with this section what you can do is, try to write short notes on life situations and current topics regularly. For this you will have to read newspapers, magazines on current topics on a regular basis. From there you will be able to extract sufficient information regarding all the topics that may come in the exam.
Regarding, writing in English one should always be aware of the few points such as knowing where the capital letters are used and the ability to use grammar with no mistakes. Also using commas properly while joining two sentences and full stops after the completion of every single sentence makes it look professional.
Letter writing:
This topic tests a candidate’s ability to precisely and effectively communicate with the person to whom the letter is addressed. There are different kinds of letters asked in the exam. For examples, there are personal letters and formal letters. The form of each letter is determined by its kind. For example, personal letters are written in a friendly tone. Formal letters, on the other hand, are written in a formal style.
What is a Formal letter: If you’re writing to a Bank Manager, any government official, dignitary, academic official or anyone else with whom you hope to have a professional relationship, the letter should be formal.
What is an Informal letter: If you’re writing to your friend, to your relatives, a co-worker, a distant or elderly relative, the letter should probably be informal.
Key points you need to keep in mind before writing a letter in exam –
Format of the letter: In order to fetch good marks in descriptive test, the letter should be written in correct format. An examiner always looks at whether the letter is written in the correct format and gives marks accordingly.
Below is the correct format of letter writing –
ABC
A – Wing,
Sector 16, A
Film City, Noida
Pin Code -201301
Date: July 18, 2016
To,
The Branch Manager,
State Bank of India
Sector 16, Noida
Subject: ______________.
Dear Sir,
Body: Write your message here.
Yours faithfully
ABC
Note:
(i) Everything should be written on the left hand side (left aligned).
(ii) If you’re writing a formal letter, you can use “Dear Sirs,” “Dear Madams,” or “Dear Sirs/Madams.” “Respected Sirs/Madams”.
(iii) If you’re writing an informal letter, you can use “Dear” or “Hello,” as well as more informal greetings such as “Hi” or “Hey.”
(iv) During exam, you need not to mention your original name in the letter. You can use ABC or XYZ in place of your name.
Pros and Cons of Cashless payments
Cashless payments is a system or a facility that enables us to transfer funds held in accounts at credit or similar institutions to be transferred to a payee on receipt of a payment order.It allows users to make payment 24 hours a day 365 days a year from the comforts of our home or office as per our convenience.
Payment methods have been morphing through various channels: from cash to cheques, to credit cards and debit cards, and now to online banking and mobile commerce. With the click of mouse or mere tapping of a button we can link the service or app account to our bank account or payment card.With that done, we can start paying for our wares with our digital wallet. Even our government has announced a slew of measures to promote digital and card based payments to curb the use of cash in the system.
Pros:
1>.Anyone can pay bills without needing a bank account.This is beneficial particularly for the poor.
2>By virtue of being traceable, cashless transactions can help prevent terrorist financing, money laundering, fraud, and tax evasions. Paper money tends to end up in the black market because it can’t be followed the way digital exchanges can.
3> It reduces the cost of printing hard cash.
4>Carrying cash makes people vulnerable from theft,robbery,snatching.Thus going cashless gives complete peace of mind.
5>It saves precious time as money is moved more easily and effectively.
6> Prevent circulation of fake notes in the market.
Cons:
1>The personal computer systems used to access account management or online shopping where credentials may be input, may be compromised leading to exploitation of our confidential information.
2>Without using a specialized, secure system, users have no good way of knowing they are using a safe computer that isn’t stealing their credentials.
3>When it’s time to to “lock down” an account because fraud or criminal activity is discovered, cash backups come in handy. In a cashless society, many victims of fraud would find themselves with locked accounts and no way to access funds until the case is solved.
Pradhan Mantri Jan Dhan Yojna (PMJDY)
Pradhan Mantri Jan Dhan Yojna (PMJDY)
The sheer force of aspiration of India led Mr. Narendra Modi from Gujarat to Delhi in May 2014 as the 14th Prime minister of the country. Mr. Modi and his cabinet ministers launched many schemes which in the beginning looked frivolous and inept but soon they started nonplussing people of India. The policies were started not only keeping the elites in mind but also the hoi polloi's.
One such scheme was JAN DHAN YOJANA – (PMJDY) launched on August 28, 2014.It is a ambitious scheme of Honorable Prime minister Mr. Narendra Modi which seeks to provide a bank account for those who don't have one .On the very day of launch 1.5 Crore ( bank accounts were opened under this scheme and also holds a Guinness World Records for the most bank accounts opened in 1 week as a part of financial inclusion.
The Jan-Dhan Yojana is aimed to provide basic banking accounts with a debit card with inbuilt accident insurance.The main features of this scheme include Rs 5,000 overdraft facility for Aadhar-linked accounts, RuPay Debit Card with inbuilt Rs 1 lakh accident insurance cover and minimum monthly remuneration of Rs 5,000 to business correspondents who will provide the last link between the account holders and the bank.
This effective scheme has a national mission on financial inclusion in order to cover all households in the country with banking facilities and having a bank account for each household. The scheme has an objective to provide two accounts to 7.5 crore identified households by August 2018. PMJDY works on the principles of Sab Ka Sath Sab Ka Vikas.
The first phase of the mission,ended in August 2015. The second phase began from 2015 till 2018 that will cover aspects such as micro insurance and pension schemes like 'Swavalamban'. The National Payments Corporation of India has tied up with HDFC Ergo to provide the 1 Lakh initial cover while the additional 1 Lakh cover would be provided by the four state owned general insurers New India Assurance, National Insurance, United India Insurance and Oriental Insurance Company
Some of the advantages of Jan Dhan Yojana. are the account holders will be provided a zero-balance savings account with a RuPay debit card. Account holder will get a kit containing cheque book, financial literacy and pass book. Person will also get Aadhar number immediately. The Prime Minister also said that by providing debit cards that can be swiped the scheme shall reduce the dependence on credit cards, thereby promoting savings.
There are some drawbacks of this scheme. Experts stated that Jan Dhan Yojana is questionable viability of banking, insurance accounts, Priority versus freebies banking and it may burden on the taxpayer.
Even than PMJDY is a more effective scheme as compared to other schemes launched by earlier UPA Govt as Jan-Dhan Yojana scheme will allow government to return people's money to them. This scheme will assist people of India, especially the poor sections by providing a bank account, credit facility, insurance cover and debit card. In the long run, the scheme will also permit the poorer sections to avail themselves of subsidies and overdraft facilities through their bank accounts, which are intended to eliminate money-lenders, commission agents and corruption. According to PM Modi, this scheme will boost everyone's confidence, enhance the economy and also stop monetary untouchability.
The sheer force of aspiration of India led Mr. Narendra Modi from Gujarat to Delhi in May 2014 as the 14th Prime minister of the country. Mr. Modi and his cabinet ministers launched many schemes which in the beginning looked frivolous and inept but soon they started nonplussing people of India. The policies were started not only keeping the elites in mind but also the hoi polloi's.
One such scheme was JAN DHAN YOJANA – (PMJDY) launched on August 28, 2014.It is a ambitious scheme of Honorable Prime minister Mr. Narendra Modi which seeks to provide a bank account for those who don't have one .On the very day of launch 1.5 Crore ( bank accounts were opened under this scheme and also holds a Guinness World Records for the most bank accounts opened in 1 week as a part of financial inclusion.
The Jan-Dhan Yojana is aimed to provide basic banking accounts with a debit card with inbuilt accident insurance.The main features of this scheme include Rs 5,000 overdraft facility for Aadhar-linked accounts, RuPay Debit Card with inbuilt Rs 1 lakh accident insurance cover and minimum monthly remuneration of Rs 5,000 to business correspondents who will provide the last link between the account holders and the bank.
This effective scheme has a national mission on financial inclusion in order to cover all households in the country with banking facilities and having a bank account for each household. The scheme has an objective to provide two accounts to 7.5 crore identified households by August 2018. PMJDY works on the principles of Sab Ka Sath Sab Ka Vikas.
The first phase of the mission,ended in August 2015. The second phase began from 2015 till 2018 that will cover aspects such as micro insurance and pension schemes like 'Swavalamban'. The National Payments Corporation of India has tied up with HDFC Ergo to provide the 1 Lakh initial cover while the additional 1 Lakh cover would be provided by the four state owned general insurers New India Assurance, National Insurance, United India Insurance and Oriental Insurance Company
Some of the advantages of Jan Dhan Yojana. are the account holders will be provided a zero-balance savings account with a RuPay debit card. Account holder will get a kit containing cheque book, financial literacy and pass book. Person will also get Aadhar number immediately. The Prime Minister also said that by providing debit cards that can be swiped the scheme shall reduce the dependence on credit cards, thereby promoting savings.
There are some drawbacks of this scheme. Experts stated that Jan Dhan Yojana is questionable viability of banking, insurance accounts, Priority versus freebies banking and it may burden on the taxpayer.
Even than PMJDY is a more effective scheme as compared to other schemes launched by earlier UPA Govt as Jan-Dhan Yojana scheme will allow government to return people's money to them. This scheme will assist people of India, especially the poor sections by providing a bank account, credit facility, insurance cover and debit card. In the long run, the scheme will also permit the poorer sections to avail themselves of subsidies and overdraft facilities through their bank accounts, which are intended to eliminate money-lenders, commission agents and corruption. According to PM Modi, this scheme will boost everyone's confidence, enhance the economy and also stop monetary untouchability.
Essay
Pradhan Mantri Jan Dhan Yojna (PMJDY)
The sheer force of aspiration of India led Mr. Narendra Modi from Gujarat to Delhi in May 2014 as the 14th Prime minister of the country. Mr. Modi and his cabinet ministers launched many schemes which in the beginning looked frivolous and inept but soon they started nonplussing people of India. The policies were started not only keeping the elites in mind but also the hoi polloi's.
One such scheme was JAN DHAN YOJANA – (PMJDY) launched on August 28, 2014.It is a ambitious scheme of Honorable Prime minister Mr. Narendra Modi which seeks to provide a bank account for those who don't have one .On the very day of launch 1.5 Crore ( bank accounts were opened under this scheme and also holds a Guinness World Records for the most bank accounts opened in 1 week as a part of financial inclusion.
The Jan-Dhan Yojana is aimed to provide basic banking accounts with a debit card with inbuilt accident insurance.The main features of this scheme include Rs 5,000 overdraft facility for Aadhar-linked accounts, RuPay Debit Card with inbuilt Rs 1 lakh accident insurance cover and minimum monthly remuneration of Rs 5,000 to business correspondents who will provide the last link between the account holders and the bank.
This effective scheme has a national mission on financial inclusion in order to cover all households in the country with banking facilities and having a bank account for each household. The scheme has an objective to provide two accounts to 7.5 crore identified households by August 2018. PMJDY works on the principles of Sab Ka Sath Sab Ka Vikas.
The first phase of the mission,ended in August 2015. The second phase began from 2015 till 2018 that will cover aspects such as micro insurance and pension schemes like 'Swavalamban'. The National Payments Corporation of India has tied up with HDFC Ergo to provide the 1 Lakh initial cover while the additional 1 Lakh cover would be provided by the four state owned general insurers New India Assurance, National Insurance, United India Insurance and Oriental Insurance Company
Some of the advantages of Jan Dhan Yojana. are the account holders will be provided a zero-balance savings account with a RuPay debit card. Account holder will get a kit containing cheque book, financial literacy and pass book. Person will also get Aadhar number immediately. The Prime Minister also said that by providing debit cards that can be swiped the scheme shall reduce the dependence on credit cards, thereby promoting savings.
There are some drawbacks of this scheme. Experts stated that Jan Dhan Yojana is questionable viability of banking, insurance accounts, Priority versus freebies banking and it may burden on the taxpayer.
Even than PMJDY is a more effective scheme as compared to other schemes launched by earlier UPA Govt as Jan-Dhan Yojana scheme will allow government to return people's money to them. This scheme will assist people of India, especially the poor sections by providing a bank account, credit facility, insurance cover and debit card. In the long run, the scheme will also permit the poorer sections to avail themselves of subsidies and overdraft facilities through their bank accounts, which are intended to eliminate money-lenders, commission agents and corruption. According to PM Modi, this scheme will boost everyone's confidence, enhance the economy and also stop monetary untouchability.
The sheer force of aspiration of India led Mr. Narendra Modi from Gujarat to Delhi in May 2014 as the 14th Prime minister of the country. Mr. Modi and his cabinet ministers launched many schemes which in the beginning looked frivolous and inept but soon they started nonplussing people of India. The policies were started not only keeping the elites in mind but also the hoi polloi's.
One such scheme was JAN DHAN YOJANA – (PMJDY) launched on August 28, 2014.It is a ambitious scheme of Honorable Prime minister Mr. Narendra Modi which seeks to provide a bank account for those who don't have one .On the very day of launch 1.5 Crore ( bank accounts were opened under this scheme and also holds a Guinness World Records for the most bank accounts opened in 1 week as a part of financial inclusion.
The Jan-Dhan Yojana is aimed to provide basic banking accounts with a debit card with inbuilt accident insurance.The main features of this scheme include Rs 5,000 overdraft facility for Aadhar-linked accounts, RuPay Debit Card with inbuilt Rs 1 lakh accident insurance cover and minimum monthly remuneration of Rs 5,000 to business correspondents who will provide the last link between the account holders and the bank.
This effective scheme has a national mission on financial inclusion in order to cover all households in the country with banking facilities and having a bank account for each household. The scheme has an objective to provide two accounts to 7.5 crore identified households by August 2018. PMJDY works on the principles of Sab Ka Sath Sab Ka Vikas.
The first phase of the mission,ended in August 2015. The second phase began from 2015 till 2018 that will cover aspects such as micro insurance and pension schemes like 'Swavalamban'. The National Payments Corporation of India has tied up with HDFC Ergo to provide the 1 Lakh initial cover while the additional 1 Lakh cover would be provided by the four state owned general insurers New India Assurance, National Insurance, United India Insurance and Oriental Insurance Company
Some of the advantages of Jan Dhan Yojana. are the account holders will be provided a zero-balance savings account with a RuPay debit card. Account holder will get a kit containing cheque book, financial literacy and pass book. Person will also get Aadhar number immediately. The Prime Minister also said that by providing debit cards that can be swiped the scheme shall reduce the dependence on credit cards, thereby promoting savings.
There are some drawbacks of this scheme. Experts stated that Jan Dhan Yojana is questionable viability of banking, insurance accounts, Priority versus freebies banking and it may burden on the taxpayer.
Even than PMJDY is a more effective scheme as compared to other schemes launched by earlier UPA Govt as Jan-Dhan Yojana scheme will allow government to return people's money to them. This scheme will assist people of India, especially the poor sections by providing a bank account, credit facility, insurance cover and debit card. In the long run, the scheme will also permit the poorer sections to avail themselves of subsidies and overdraft facilities through their bank accounts, which are intended to eliminate money-lenders, commission agents and corruption. According to PM Modi, this scheme will boost everyone's confidence, enhance the economy and also stop monetary untouchability.
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