SBI Clerks Main results 2016 announced

Hi friends,

SBI (State Bank of India) has declared the final result of Junior Associates (Customer Support & Sales) And Junior Agricultural Associates in Clerical Cadre in State Bank Of India  Selected candidates can check the result from the link given below: 

 

No.of Vacancies:  10, 726

Main Examination held on 25th & 26th June, 2016

 

FINAL RESULT – Junior Associates (Customer Support & Sales)

FINAL RESULT – Junior Agricultural Associates

FINAL RESULT – Junior Associates (Customer Support & Sales)

Financial Affairs 27 October 2016 | Banking Awareness for SBI IBPS UPSC SSC Exams

Applicants blame banks for seeking security

ba1

  • Many commercial banks are fighting shy of giving Mudra loan.
  • They are seeking security even for these loans, even though there are clear-cut guidelines to the contrary.
  • Swarnalatha, president of an NGO in Amalapuram in East Godavari district, said her organisation was working for the welfare of destitute women, deserted women and women in distress in general.

ACs, chappals can’t attract the same GST rate: Jaitley

arun-jaitley

  • Arun Jaitley wrote in his blog post. “Otherwise the GST would be regressive.Air conditioners and hawai chappals cannot be taxed at the same rate.
  • It explained the rationale behind the GST Council’s suggestion of four GST rates.
  • The clean energy cess and the tobacco cess was to make good Centre’s commitment to compensate states for any loss of revenue that may arise from the implementation of GST for the first five years.

Catching them young: financial literacy test to motivate students

JA Capstone Shoot. Featuring JA kids, staff, and volunteers, doing various financial activities at the Boeing Center for Free Enterpriese in Auburn, WA.

  • The National Centre for Financial Education (NCFE) is catching students young to create awareness.
  • Supported by Reserve Bank of India, SEBI, Insurance and pension fund regulators
  • NCFE will be conducting a national financial literacy assessment test for all school students from classes VI to X.

Axis Bank’s KYC goes online

ba-3

  • Axis Bank has launched ‘Insta Services’ to enable electronic submission of Form15G/H through its mobile application.
  • The bank, in a statement, said the new service will allow customers to click an image through mobile camera or upload the scanned copy of KYC documents through its mobile application.

Look closely before accepting currency notes: RBI tells public

Police officer stands guard in front of the RBI head office in Mumbai

  • The RBI on 26 oct 16 cautioned the public to subject currency notes that are accepted to careful scrutiny.
  • The central bank requested members of the public to make it a habit to look at the notes before accepting them in the usual course of daily transaction.
  • RBI said genuine Indian currency notes of higher denominations have strong counterfeit resistant security features.

Now, a location validation tool to check cyber frauds

Security concept: computer keyboard with word Cyber Crime, selected focus on enter button background, 3d render
Security concept: computer keyboard with word Cyber Crime, selected focus on enter button background, 3d render
  • Offered by mobile security firm Zumigo, the service helps banks verify the distance between a customer and a point of transaction.
  • The recent ATM fraud data breach episode has given rise to a number of concerns about the purported safety of the systems and procedures followed in the country.
  • National Payments Corporation of India has said that there were about 640 complaints from customers and the amount they lost was about ₹1.3 crore.

Nasscom may set sights lower for 2017 fiscal year

ba5

  • IT industry body Nasscom will look at reducing the guidance for the IT sector for the fiscal year 2017.
  • Nasscom expects the $143-billion IT sector to grow at 10-12 per cent.
  • Analyst said that “Looking at the macroeconomic factors and the companies’ readiness in dealing with this situation, growth could be in single digit.”

US Consulate opens American Corner in Ahmedabad

ba-6

  • In a bid to make available current and reliable information about the US to the masses through resources like DVDs, books and online.
  • The US Consulate General, Mumbai, on 26 oct 16 launched the renovated American Corner in Ahmedabad.
  • The Indo-American Education Society (IAES), the American Centre will serve as a one-stop source of information on American society, culture, and the economy.

India will be home to 10,500 start-ups by 2020: Report

ba-7

  • In India the ecosystem is poised to grow by an impressive 2.2X to reach more than 10,500 start-ups by the year 2020, it is slowing down.
  • A remarkable growth of 25 per cent has been witnessed in 2016 with over 350 ventures founded by young students.
  • The median age of start-up founders has reduced marginally from 32 years in 2015 to 31 years in 2016.

Govt notifies revised DTAA with South Korea

ba-8

  • The govt notified ‘”The earlier Double Taxation Avoidance Convention between India and South Korea was notified on September 26, 1986″.
  • It was signed by Prime Minister Narendra Modi during his visit to Seoul in May 2015.
  • The provisions of the new DTAA will have effect in India in respect of income derived in fiscal years beginning on or after April 1, 2017, the government said in a statement.

LPG distributors raise concerns over govt haste in PMUY implementation

Indian women participate in a protest against the price hike in diesel and capping the number of subsidized cooking gas cylinders in Ahmadabad, India, Friday, Sept. 14, 2012. India's government is facing angry protests from its political allies as well as the opposition after it raised the price of diesel fuel in a bid to curb its ballooning fiscal deficit and also announced a reduction in cooking gas subsidies. The replica of cooking gas cylinder reads as "down with price rise." (AP Photo/Ajit Solanki)

  • LPG distributors have raised serious concerns regarding the government’s haste in implementing the targets set under the Pradhan Mantri Ujjwala Yojana (PMUY).
  • It is aimed at providing poor households with LPG connections, saying that rushed implementation could compromise the safety of the recipients.
  • It has been providing safety handouts, safety briefings at the time of installation and has been organising safety melas and clinics to increase awareness.

India to have 1bn mobile subscribers by 2020: Study

ba-10

  • India is expected to have one billion unique mobile subscribers by 2020.
  • India 2016’, at the end of June 2016, 616 million unique users had subscribed to mobile services in India, making it the second-largest mobile market globally.
  • Improving affordability, will help deliver over 330 million new unique subscribers by 2020, taking the penetration rate to 68 per cent.

Watch as Video

To Read General Awareness

/current-affairs-27-oct-2016/

Current Affairs 27 October 2016 | General Awareness for SBI IBPS UPSC SSC Exams

Attaining economic equality between genders will take another 170 years

ge1

  • The World Economic Forum (WEF) said on 25 oct 16 to close gender gaps in pay and workforce participation slowed.
  • The past year that men and women may not reach economic equality for another 170 years.
  • The economic gap between genders could close in 118 years.
  • But progress has decelerated, stalled or reversed in nations around the world.

India, Russia protest ‘double talk’

Indian Prime Minister Narendra Modi (L) and Chinese President Xi Jinping shake hands before they hold a meeting in Xian, Shaanxi province, China, May 14, 2015. REUTERS/Kim Kyung-Hoon

  • India and Russia on 26 oct 16 called for “collective efforts to combat terrorism.”
  • Condemning “double standards” in the fight against terrorism.
  • Parrikar and his Russian counterpart General Sergey Shoigu at the beginning of 16th session of the Indo-Russian Inter-Governmental Commission for military and technical cooperation held on 26 oct 16.
  • Parrikar said one of the key security challenges faced by India is that of cross-border terrorism.

Rejected by NASA as they ‘didn’t accept girls’: Clinton

ge-3

  • US presidential nominee Clinton had claimed that she wrote a letter to NASA when she was 13, expressing her desire to be an astronaut.
  • The space agency turned down the request saying they did not accept girls, the former First Lady has claimed.
  • Clinton, who later called the rejection “infuriating”, was born on October 26, 1947.

Tamil Nadu tops in use of preventive detention law

ge4

  • National Crime Records Bureau data shows that 1,268 suspects, including 21 women, were detained under the law in 2015. The 1,268 detenues held across the State last year, 62 were graduates.
  • The State also has 69 people, the maximum number, detained under the Terrorist and Disruptive Activities (Prevention) Act.

50 former police officers executed by IS near Mosul

mosul

  • The reported atrocities were perpetrated by the jihadists between 26 oct 16 and 30 oct 16, while Iraqi forces advanced towards Mosul.
  • The UN said on 25 oct 16 that it had received reports of dozens of execution-type killings by the Islamic State (IS)
  • Including the slaying of 50 former police officers, as Iraqi troops close in on Mosul.

IPS officer Karnal Singh appointed ED chief

ge-5

  • The Modi government on 26 oct 16 appointed Karnal Singh, 1984 batch IPS officer, as Director of the Enforcement Directorate .
  • The ACC has approved the appointment of Karnal, IPS, 1984 batch of AGMUT cadre, as Director, ED till 31-08-2017.
  • The order issued by the Department of Personnel and Training stated.

It’s Dalai Lama’s turn to visit Arunachal

The Dalai Lama gestures before speaking to students during a talk at Mumbai University February 18, 2011. REUTERS/Danish Siddiqui (INDIA - Tags: EDUCATION RELIGION) - RTR2IRAI

  • The timing of the announcement is significant as it comes days after China criticised Richard Verma, U.S. envoy to India, for visiting Tawang that it declared as disputed.
  • Arunachal Pradesh is preparing to welcome the Dalai Lama for another controversial visit .

Federer most valuable athlete brand of 2016: Forbes

Roger Federer of Switzerland holds the winners trophy after defeating Andy Murray of Britain in their men's singles final tennis match at the Wimbledon Tennis Championships in London July 8, 2012. REUTERS/Toby Melville (BRITAIN - Tags: SPORT TENNIS)

  • Roger Federer, brand value of $36 million, was named the most valuable athlete brand of 2016 by Forbes.
  • Federer finished ahead of American basketball player LeBron James and golfer Phil Mickelson
  • His brand values of $34 million and $28 million respectively.

‘Narendra Modi Scholarship for Muslim Students’

naranthara-modi

  • Aligarh-based group of Muslim intellectuals created it for economically backward students, The largest chunk of the 15,956 applications came from girl students.
  • The applicants compete for a total number of 100 annual scholarships of Rs. 5.000 each.

Cyrus Mistry cites constant interference by Ratan Tata

tata

  • Cyrus Mistry wrote to the directors of Tata Sons, holding them responsible for their failure to discharge “the fiduciary duty owed to stakeholders”.
  • Mr. Mistry said he had had to endure constant interference from his predecessor Ratan Tata and was “being pushed into the position of a ‘lame duck’ chairman.”

Watch as video

To Read Financial Awareness

/financial-affairs-27-october-2016-banking-awareness-sbi-ibps-upsc-ssc-exams/

 

World Economic Forum (WEF) said on ‘Attaining economic equality between genders will take another 170 years’

Efforts to close gender gaps in pay and workforce participation slowed so dramatically in the past year that men and women may not reach economic equality for another 170 years, the World Economic Forum (WEF) said on Tuesday.Statistics just a year ago predicted the economic gap between genders could close in 118 years, but progress has decelerated, stalled or reversed in nations around the world, the Swiss non-profit WEF said in its annual gender gap index.

Iceland, Finland at topsaadia_zahidi

“These forecasts are not foregone conclusions. Instead, they reflect the current state of progress and serve as a call to action,” Saadia Zahidi, a member of the WEF executive committee, said in a statement.

Overall, Iceland and Finland ranked highest among 144 nations measured on progress in equality in education, health and survival, economic opportunity and political empowerment.Next were Norway and Sweden, followed by Rwanda, which has improved economic participation and income equality and has the highest share of women parliamentarians in the world, the WEF said.

Economic gap widens

It stands at 59 per cent, meaning women’s economic participation and opportunity is a little more than half of what men have, Ms. Zahidi said.At the current rate, and given that the gap widened last year, women and men will not be equal economically for another 170 years, the report said.

Around the world, 54 per cent of working-age women on average participate in the formal economy, compared with 81 per cent of men, it said. Women’s average annual earnings are roughly half those of men, estimated at $10,778, versus $19,873, it said. But closing the gap in political empowerment, at current rates, could take 82 years, it said. — Reuters

RBI tells currency notes that are accepted to careful scrutiny.

The RBI on Wednesday cautioned the public to subject currency notes that are accepted to careful scrutiny.

The central bank requested members of the public to make it a habit torbi_jpg_2801945f look at the notes before accepting them in the usual course of daily transactions and help arrest the counterfeiting of Indian banknotes.

The RBI, in a statement, said genuine Indian currency notes of higher denominations have strong counterfeit resistant security features. The fake notes can be identified on closer inspection.

Security features

According to the RBI, detailed information on the security features on the banknotes are available on its website and the public may familiarise themselves with these features and educate others also.The central bank reminded all stakeholders that counterfeiting of notes, or possession, exchange, acceptance, putting into circulation of counterfeit notes or in any way abetting such actions are offences under the Indian Penal Code and such actions are liable to be punished stringently.

Mudra loans: Applicants blame banks for seeking security

Swarnalatha, president of an NGO in Amalapuram in East Godavari district, said her organisation was working for the welfare of destitute women, deserted women and women in distress in general.

She complained that “loans meant for Scheduled Castes and Scheduled Tribes are being cornered by the upper castes.”3334-shield-settings

B Koteswara Rao, who runs a dal mill at Chodavaram in Visakhapatnam district, said that he had been making attempts for the past three years to secure a loan of 3 ₹lakh from the SBH, but to no avail. A Mahesh, research scholar
in Andhra University, said he had made several attempts in vain to secure loans for a venture and to employ himself gainfully.

A location validation tool to check cyber frauds,ATM fraud,cyber attack ect

The recent ATM fraud/ cyber attack/ data breach episode has given rise to a number of concerns about the purported safety of the systems and procedures followed in the country.

While investigations are still on and some forensic audit reports are due soon about the exact modus operandi, the National Payments Corporation of India has said that there were about 640 complaints from customers and the amount they lost watm-card-hackas about ₹1.3 crore. This may have been one of the bigger breaches seen in recent times, but this is a trend that is on the increase globally.

According to Chirag Bakshi, CEO, Zumigo, a mobile security solutions company operating in Silicon Valley, US, incidence of fraud has risen almost four-fold — from about nine per 1,000 transactions to about 34 per 1,000 transactions during the past one year.And the average value of such frauds due to location manipulation (as happened in the instant case) is now $311.

Indian banks have gradually started moving to a chip-based card system from the earlier magnetic stripe cards that were more prone to being skimmed and hacked. But while this may be effective, it is not the fool-proof solution that many people perceive it to be, says Chirag.

Besides, given the rising number of online transactions, chip-based cards do not offer any protection. Chirag’s company offers a service called Zumigo Assure to address this problem of location manipulation that is seen in cyber frauds.

With the help of this tool, banks can verify and validate the location of a customer and the distance between the customer and a point of transaction by looking at their mobile signals. Using this technology, banks can determine potentially risky transactions. Chirag says that in the current fraud episode, if banks had used their service, they would have been able to find out that while the customer whose card is being used is in India, the transaction was coming from China or other countries.

Meanwhile, for customers, the caution is to keep their PIN numbers safe — not reveal it to anyone and to keep changing them regularly.

Source : The Hindu

ACs, chappals can’t attract the same GST rate: Jaitley

Finance Minister Arun Jaitley, in a blog post, explained the rationale behind the GST Council’s suggestion of four GST rates, writing that “air conditioners and hawai chappals cannot be taxed at the same rate.”jaitley

The decision to retain some cess, such as the clean energy cess and the tobacco cess was to make good Centre’s commitment to compensate states for any loss of revenue that may arise from the implementation of GST for the first five years, he wrote.

“Different items used by different segments of society have to be taxed differently,” Mr. Jaitley wrote in his blog post. “Otherwise the GST would be regressive. Air conditioners and hawai chappals cannot be taxed at the same rate. Total tax eventually collected has to be revenue neutral. “The tax on some products in a narrow slab regime will substantially increase,” the Finance Minister added. “This would be highly inflationary. A commodity being taxed by the Centre and the State at 11 per cent at present will be taxed at 12 per cent. If its taxation is suddenly raised on standard rate of 18 per cent,

Debt issue

debt

Mr Jaitley also wrote that increasing direct taxes or the Centre’s debt in order to pay states’ the compensation for the first five years of GST implementation was not feasible.“Theoretically, it has been argued that the compensation be funded out of an additional tax in the GST rather than by cess,” he wrote.

“Assuming that the compensation is Rs.50,000 crore for the first year, the total tax impact of funding the compensation through a tax would be abnormally high. A Rs.1.72 lakh crore of tax would have to be imposed for the Central Government to get Rs.50,000 crore in order to fund the compensation.”

Cess account

“The alternative proposal is to have a cess account and continue same existing levies as cess for a period of five years before subsuming them as tax,” Mr. Jaitley wrote.“This would include clean energy cess and cesses on luxury items and tobacco products, which in any case, presently also pay levy higher than 26 per cent. This would ensure no additional burden on the tax payer and yet be able to compensate the losing states.”So far, the GST Council has met thrice and the Finance Minister said that two more meetings are proposed post-Diwali.

National Centre for Financial Education (NCFE) is catching students young to create awareness

Financial fraudsters may have a tough time in the days to come, as the National Centre for Financial Education (NCFE) is catching students young to create awareness.

Backed by support Reserve Bank of India, SEBI, Insurance and pension fund regulators, NCFE will be conducting a national financial literacy assessment test for all school students from classes VI to X.

The test, to be conducted both online and offline, in a phased manner between November 2016 and February 2017. The registration process for the test has already commenced as per the details hosted on NCFE website.

“By conducting a national level test, NCFE plans to motivate school students (of classes VI to X) to learn the concepts of finance and also measure their financial awareness so that they inculcate an important life skills at an early age le109-mobile-bankingading to sound financial decisions later,” it said in a notification.

Education centre

The National Institute of Securities Markets (NISM) has been identified as the nodal agency for the implementation of the National Strategy for Financial Education. In this regard, NISM has set up National Centre for Financial Education (NCFE) with the support of all the financial sector regulators.

The Insurance Regulatory and Development Authority of India (IRDAI) had come with comic books and hand-books for high schoolstudents, which are being distributed in select schools.

nism

The books contain attractive stories that try to weave the basic concepts of insurance, products, both traditional and unit-linked, the need for insurance and how to address problems and what mechanisms to choose.

The penetration of financial literacy in India is very poor. According to a survey conducted by the centre, only 20 per cent Indians are financially literate. It was 23 per cent among the males and 16 per cent among the females.

 Source : BusinessLine

5 Indians who made it to the Booker Prize – The best original novel

The Man Booker Prize or simply the Booker Prize is a literary prize awarded every year for the best original novel, published in the UK and written in the English language.The winner of the Man Booker Prize is generally guaranteed international popularity and success; therefore, the prize is of great importance for the book trade.

History behind Booker Prize

The Booker Prize was initially known as the Booker-McConnell Prize, but when the company Booker-McConnell began sponsoring the event in 1968; it became commonly known as the “Booker Prize” or simply “the Booker.”

The administration of the prize was transferred to the Booker Prize Foundation in 2002,wherein the title sponsor became the investment company Man Group, which opted to retain “Booker” as part of the official title of the prize.It should be noted that, in 1970, Bernice Rubens became the first woman to win the Booker Prize, for The Elected Member, wherein from the next year the rules of the Booker changed.

In 1971, the year of eligibility was changed to the same as the year of the award; the consequence was that the books published in 1970 were not considered for the Booker in either year.The Booker Prize Foundation announced, in January 2010, the design of a special award called the “Lost Man Booker Prize,” with the winner chosen from a long list of 22 novels published in 1970.Here is a list of 5 Indian novelists who were shortlisted or have won the Booker prize in different years:

Rohinton Mistry

rohinton-mistry

Rohinton Mistry is an Indo-Canadian novelist who has written three novels and has been shortlisted for the Booker Prize three times.His first novel ‘Such a Long Journey’, made it  to the list in 1991, and gathered more headlines when Bal Thackeray’s complaints got it removed from University of Mumbai’s syllabus.His second book ‘A Fine Balance’ (1996) has been successfully adapted on stage. The third and final novel by Mistry is ‘Family Matters’ (2002)

Indra Sinha

indra-sinha

Indra Sinha is a British-Indian writer who had been in the finalists’ list for his novel on the Bhopal gas tragedy – ‘Animal’s People’ in 2007.He is also an ardent campaigner for justice to the victims of the incident and has made an advertisement, given many interviews and written many articles regarding the same. He holds the distinction of being in the list of the top 10 British copywriters of all time.Sinha also writes non-fiction and translates ancient Sanskrit texts into English.

Amitav Ghosh

amitav-ghosh

Well known Bengali author, Amitav Ghosh, was shortlisted for his 6th novel, ‘Sea of Poppies’, in the year 2008 making it the only year two Indians made it together to the Booker shortlist. The other was Aravind Adiga.The book is the first of his Ibis trilogy, which is set before the Opium Wars in the 1830s. His latest novel, ‘River of Smoke’ (2011) is the second volume, and the third is yet to be published. It should be noted that he was awarded the Padma Shri by the Indian government in 2007.

Jeet Thayil

jeet-thayil

Jeet Thayil is a novelist, with several talents. He is a  poet and musician as well. He is the latest Indian to have been shortlisted for the Man Booker Prize in 2012 for his debut and only work of fiction – ‘Narcopolis’.The novel deals with the Bombay of 1970’s and is a tale of a man’s journey in and out of the intoxication of opium. It took him five years to write the novel and is actually about his own experiences as a drug addict.

Aravind Adiga

aravind-adiga

Aravind Adiga is an Indian-Australian writer and journalist. His debut novel, The White Tiger, won the 2008 Man Booker Prize. 2008 was actually the third year in a row for Indian novelists to have been nominated for the Booker Prize – and it saw Chennai-born Aravind Adiga taking away the Booker for his debut novel.White Tiger is a dark, humorous perspective of India’s class struggle in a globalized world – this novel made Adiga the second youngest author to win the award. It should be notes that he is also the fourth author to win the Booker for their debut novel.