Independence Day: Government to give higher cashbacks to BHIM users

A slew of cashback offers by digital payment apps like Paytm and PhonePe is providing stiff competition to the government-owned BHIM app, forcing it to give higher cashback incentives.

According to reports, National Payments Corporation of India (NPCI) Managing Director and CEO Abhaya Prasad Hota said that the government is aware that cashback offers are needed to attract consumers. Government approval is expected by August 15.

The Bharat Interface for Money (BHIM) app was launched by the Modi government in 2016 and is run by NPCI. It currently offers cashbacks in the range of Rs 10 to Rs 25.

The BHIM app which operates on Unified Payments Interface (UPI), can handle multiple bank accounts and various banking features.

A new version of the app called Bhim 1.4 will be launched with exciting features to lure customers. Updates will include the Bharat Quick Response (QR) code which will enable shops to accept electronic payments through credit/debit cards or UPI through scanning a QR code.

Here you can know all about BHIM app.

The Objectives behind launching BHIM app is promoting India’s move towards becoming a cashless economy & cashless society.

If you compare BHIM to any wallets it is very simple, quick & easy to use. You will not have to fill-out those tedious bank account details again and again. One can easily do direct bank to bank payments and instantly collect money using just Mobile number or Payment address.

Thus, BHIM App is an app that lets you to make easy & quick payments/ transactions using UPI.

Apart from its easiness, simplicity, there is lot of things, which everyone must know.  So, here, I am going to list down ten important key facts about BHIM.

1. BHIM App Launched By:

Launched by PM Modi at a Digi Dhan programme at Talkatora Stadium in New Delhi on December 30, 2016. BHIM app launched as part of the 2016 Indian banknote demonetisation & Cashless transaction drive,

2. BHIM Stands For:

BHIM stands for Bharat Interface for Money

3. BHIM Named After:

BHIM App has been named after Late Babasaheb Dr. Bhimrao Ambedkar, the father of Indian Constitution

4. BHIM App Developed By:

BHIM App developed by National Payments Corporation of India (NPCI) along with JUSPAY.

5. Android Version/ Available in Google Play Store::

Initially BHIM app launched in Android version only. So, available for download in Google Play store. Android phone user can download it from here.

6. 10 (TEN) Million Downloads:

BHIM app downloaded more than 10 million times on Play Store.

7. BHIM Supports all Mobile phones/ Feature Phone user can also use BHIM App:

BHIM app can be used on all mobile phones (smartphone & feature phone) with or without internet connection (first time internet required to download the app

A customer with a feature phone can now have access to UPI just by dialing the USSD short code *99# if the customer’s bank is already UPI enabled.

8. Banks Supporting BHIM App:

There are 35 banks which are live on UPI. Thus, the customers of 35 banks will have access to UPI irrespective of whether they have a smartphone or a feature phone. While smartphone based customers will use BHIM, other customers would dial *99#.

9. BHIM Transaction Limit:

There is a transaction limit for BHIM app. Maximum Limit per transaction is fixed at Rs. 10,000 and Rs. 20,000 per day for BHIM.

 10. BHIM Supporting Languages:

Currently Hindi and English are supported in the BHIM app, with more languages coming soon.

BHIM Transactions Speed:

Transactions over BHIM app are very quick & fast. All payments are linked to your bank account and transaction can be completed within few seconds.

SBI PO Mains Result 2017

The State Bank Of India (SBI) has announced the result of probationary officers recruitment exam 2017 at The main exam was held on June 4 and the prelims were held in April and May 2017. After qualifying the SBI PO preliminary and main exam, the final scores will be calculated on the basis of marks secured by the candidates in the mains exam and the interview round.

Marks secured by the candidates in the written test (out of 250 marks) are converted to out of 75 and marks secured in group exercises and the interview (out of 50 marks) are converted to out of 25. The final merit list is arrived at after aggregating converted marks of written test and group exercises and the interview out of 100 for each category.

The selection will be made from the top merit ranked candidates in each category.

SBI PO 2017 result, check result of sbi po below:




Top 10 Indian Biosphere Reserves in UNDESCO list

biosphere reserve is an ecosystem with plants and animals of unusual scientific and natural interest. It is a label given by UNESCO to help protect the sites.

The aim is to promote management, research and education in ecosystem conservation. This includes the ‘sustainable use of natural resources’.

As of May, 2017 there are 18 biosphere reserves in India and out of which 10 are present in World Network of Biosphere Reserves. We will be having a quick look about these 10 reserves now.




Top 10 Biosphere Reserves in India 

Nilgiri Biosphere Reserve


Nilgiri Biosphere Reserve is an International Biosphere Reserve in the Western Ghats and Nilgiri Hills ranges of South India. The Nilgiri Sub-Cluster is a part of the Western Ghats, which was declared a World Heritage Site by UNESCO in 2012. It includes the Mudumalai, Mukurthi, Nagarhole, and Bandipur national parks, as well as the Wayanad and Sathyamangalam wildlife sanctuaries. Nilgiris Biosphere Reserve is India’s first and foremost biosphere reserves with a heritage, rich in flora and fauna. Tribal groups like the Todas, Kotas, Irullas, Kurumbas, Paniyas, Adiyans, Edanadan Chettis, Cholanaickens, Allar, Malayan, etc., are native to the reserve.


  • Year of Establishment: 1-Aug-1986
  • State: Tamil Nadu, Karnataka, Kerala
  • Coverage: Parts of Wayanad, Nagarhole, Bandipur and Mudumalai, Nilambur, Silent Valley and Siruvani hills
  • Area: 5,520  km2
  • Key Fauna: Nilgiri Tahr, Lion-tailed macaque


Gulf of Mannar Biosphere Reserve


The large shallow bay flowing into the Laccadive Sea, Indian Ocean, that lies between the south eastern most point of India and west coast of Sri Lanka, is known as the Gulf of Mannar. This gulf is one of the very few biosphere reserves in India, which is shared by another country. The Mannar Bay and Island is only separated from the Palk Bay in Sri Lanka by a limestone bridge which is known as the Ramsethu. The pearl banks of Mannar have been the primary source of income for its people for over 2,000 years.



  • Year of Establishment: 18-Feb-1989
  • State: Tamil Nadu
  • Coverage: Rameswaram in the north to Kanyakumari in the south
  • Area: 10,500
  • Key Fauna: Dugong or Sea Cow

Sundarbans Biosphere Reserve


Sundarbans  is a natural region in southern Bangladesh and the extreme southern part of the Indian state of West Bengal in the vast river delta on the Bay of Bengal. It is the largest single block of tidal halophytic mangrove forest in the world. The mangrove and freshwater swamp forests of Sundarbans are considered natural wonders of the world, as their unique ecological and geological conditions have sheltered some rare and exclusive species of plants and animals.


  • Year of Establishment: 29-Mar-1989
  • State: West Bengal
  • Coverage: Parts of delta of Ganges & Brahamaputra river
  • Area: 9,630
  • Key Fauna: Royal Bengal Tiger



Nanda Devi Biosphere Reserve


The highly auspicious peak of Nanda Devi (25,646 ft) lies at the centre of Nanda Devi National Park, a biosphere reserve in Uttarakhand. The Valley of Flowers, the most popular part of Nanda Devi National Park has also been declared a UNESCO World Heritage Site. The elevated reserve is a sanctuary to some very endangered species such as the Himalayan black bear, snow leopard and brown bear. Nanda Devi National Parks have over 25 mountain peaks within its massive premise, therefore making it a favourite with mountaineers and trekking enthusiasts.



  • Year of Establishment: 18-Jan-1988
  • State: Uttarakhand
  • Coverage: Parts of Chamoli, Pithoragarh and Almora districts in Uttarakhand
  • Area: 5,860
  • Key Fauna: Himalayan Snow Leopard


Nokrek Biosphere Reserve


Nokrek Biosphere Reserve, is a national park located approximately 2 km from Tura Peak in West Garo Hills district of Meghalaya, India. UNESCO- added this National park to its list of Biosphere Reserves in May 2009. Along with Balphakram national park, Nokrek is a hotspot of biodiversity in Meghalaya. The Nokrek is well known for its remnant population of Red Panda, who have otherwise disappeared from every other place except India. Since 1960, Nokrek Biosphere Reserve has carefully monitored and successfully preserved the population of dying Red Panda. Nokrek is also known to be the home of Asian Elephants and an uncertain number of tigers.


  • Year of Establishment: 1-Sep-1988
  • State: Meghalaya
  • Coverage: Parts of East, West and South Garo Hill districts
  • Area: 820
  • Key Fauna: Red Panda



Pachmarhi Biosphere Reserve


The Pachmarhi Biosphere Reserve is home to the mighty Satpura Range of Madhya Pradesh. The UNESCO declared Panchmarhi and its collection of sanctuaries, Bori Sanctuary and Satpura National Park a designated biosphere reserve in 2009.



  • Year of Establishment: 03-Mar-1999
  • State: Madhya Pradesh
  • Coverage: Parts of Betul, Hoshangabad and Chhindwara
  • Area: 4,981
  • Key Fauna: Giant Squirrel, Flying Squirrel


Simlipal Biosphere Reserve


Simlipal Biosphere Reserve is a national park and a tiger reserve in the Mayurbhanj district in the Indian state of Odisha. It is part of the Similipal-Kuldiha-Hadgarh Elephant Reserve popularly known as Mayurbhanj Elephant Reserve, which includes three protected areas  Similipal Tiger Reserve, Hadgarh Wildlife Sanctuary  and Kuldiha Wildlife Sanctuary.  Simlipal National Park derives its name from the abundance of semul (red silk cotton trees) that bloom here.



  • Year of Establishment: 21-Jun-1994
  • State: Odisha
  • Coverage: Parts of Mayurbhanj district
  • Area: 4,374
  • Key Fauna: Gaur, Royal Bengal Tiger, Wild Elephant



Great Nicobar Biosphere Reserve


The Great Nicobar Biosphere Reserve encompasses 85% of the island Great Nicobar. The 12-km forest buffer zone provides a protective shield to the rare biodiversity, which Nicobar Reserve is home to. This is just as far as tourists are allowed to go, as within this reserve also lie tribal communities, which continue to flourish as they did centuries ago. The Campbell Bay National Park and Galathea National Park also incorporate this biosphere.



  • Year of Establishment: 06-Jan-1989
  • State: Andaman and Nicobar Islands
  • Coverage: Southernmost islands of Andaman & Nicobar
  • Area: 885
  • Key Fauna: Saltwater Crocodile



Achanakmar-Amarkantak Biosphere Reserve


A highly significant watershed of peninsular India, the Achanakmar-Amarkantak reserve was recently added to the list of UNESCO’s most protected and significant biosphere reserves in the world. The Achanakmar-Amarkantak, like many biosphere reserves in India, is shared by two states – Madhya Pradesh and Chattisgarh. The dense forest, which hosts unique flora and fauna is also the source of three major river systems, which are the lifeline of central India. The Narmada, Johilla and the Son River, all three originate from this biosphere reserve.



  • Year of Establishment: 30-Mar-2005
  • State: Madhya Pradesh and Chhattisgarh
  • Coverage: Parts of Anuppur and Dindori district and Bilaspur district
  • Area: 3,835
  • Key Fauna: Leopards, gaur, chital


Agasthyamalai Biosphere Reserve


The Agasthyamalai Biosphere Reserve was Established in 2001. A UNESCO World Heritage Site, the Western Ghats have been divided into two parts, one of which along with three other national parks, makes the expanse of Agasthymalai Biosphere Reserve. The eco-regions of moist deciduous forests of Western Ghats, the montane rain forest and Shola, come together to shelter a collection of over 2,000 varieties of medicinal plants, 50 rare and endangered species, such as the Asian Elephant and the Kanikaran people who are one of the oldest surviving ancient tribes in the world.



  • Year of Establishment: 12-Nov-2001
  • State: Tamil Nadu, Kerala
  • Coverage: Parts of Thirunelveli and Kanyakumari districts and Thiruvanthapuram, Kollam, and Pathanmthitta districts
  • Area: 3,500
  • Key Fauna: Nilgiri Tahr, Elephants


Banking Awareness and Financial affairs updates for May 04th, 2017 – for IBPS, SBI, SSC Exams

Daily financial/banking affairs updates is prepared by keeping the exam pattern and the previously asked questions in IBPS, SBI, RBI, SSC Exams. This will be useful to update your GK on daily basis.

1. Chinese-led AIIB loans $160 mn for Indian power project

Indian government’s 24×7 Power for All programme


The China-backed Asian Infrastructure Investment Bank (AIIB) will give a loan of $160 million for a power project in India where 300 million people have no access to electricity yet.
The project, co-financed with the World Bank, is part of the Indian government’s 24×7 Power for All programme and will strengthen the power transmission and distribution system in Andhra Pradesh.
The bank expects the Andhra Pradesh-24×7 Power for All project to be the first of many that AIIB invests in India

2. ADB pegs India’s growth at 7.4% for 2017-18

It will help create a more business-friendly environment.


According to the Asian Development Bank (ADB), the Indian economy will grow 7.4 per cent this fiscal and 7.6 per cent in the next as the bankruptcy and GST laws will help create a more business-friendly environment.

3. $ 770 bn black money entered India in 2005-2014: Report

Illicit Financial Flows to and from Developing Countries


US-based think tank Global Financial Integrity (GFI) reported that an estimated $ 770 billion in black money entered India during 2005-2014.
Titled Illicit Financial Flows to and from Developing Countries: 2005-2014, the report is the first global study to place equal emphasis on illicit outflows and inflows.

4. Centre sanctions Rs 200 crore for J&K primary teachers

Human Resource Development Minister Prakash Javadekar


Union Human Resource Development Minister Prakash Javadekar has announced that the Centre has sanctioned Rs 200 crore for paying pending salaries of primary teachers in Jammu and Kashmir.

5. Cabinet approves MoU on urea manufacturing plant in Malaysia

ex-post facto approval to signing of MoU with Malaysia on development of a urea and ammonia manufacturing plant


The Union Cabinet, chaired by Prime Minister Narendra Modi, has given its ex-post facto approval to signing of MoU with Malaysia on development of a urea and ammonia manufacturing plant in the southeast Asian country.

6. Reliance, SAP launch ‘SARAL GST’ solution for taxpayers

MoU with enterprise application software


Reliance Corporate IT Park (RCITPL) has signed a Memorandum of Understanding (MoU) with enterprise application software major SAP SE to launch ‘SARAL GST solution for taxpayers.
According to the subsidiary of Reliance Industries, the new offering will enable taxpayers to be GST compliant and smoothly access the government’s GST System, once GST is rolled out from July 1, 2017

7. Shabana Azmi starrer The Black Prince awarded at film fest in Houston

50th annual Worldfest-Houston International Film Festival.


Hollywood film The Black Prince, featuring singer-poet Satinder Sartaaj and veteran actress Shabana Azmi, has been awarded the Special Jury Remi Award at the 50th annual Worldfest-Houston International Film Festival.


Banking Awareness and Financial affairs updates for May 03rd, 2017 – for IBPS, SBI, SSC Exams

Daily financial/banking affairs updates is prepared by keeping the exam pattern and the previously asked questions in IBPS, SBI, RBI, SSC Exams. This will be useful to update your GK on daily basis.

1. India expected to achieve 7.1% growth this year

Economic and Social Commission for Asia and the Pacific or ESCAP


The UN Economic and Social Commission for Asia and the Pacific or ESCAP has launched its annual flagship report ‘The Economic and Social Survey of Asia and the Pacific 2017’
According to the report, India is expected to achieve 7.1 % growth this year as re-monetisation restores consumption, and infrastructure spending increases.

2. Space X successfully lands its Falcon 9 rocket after launching military satellite

It’s the first mission that Space X has done for the US military.


Space X has successfully landed it is Falcon 9 rocket on solid ground again, after launching the vehicle from Cape Canaveral, Florida. It’s the fourth time Space X has landed one of its rocket on land, and the 11th time the company has successfully recovered a rocket post – launch. It’s the first mission that Space X has done for the US military.

3. Modi releases stamp on Ramanujacharya’s 1,000th birth anniversary

Saint Ramanujacharya and said the central message


Prime Minister Narendra Modi on 1st May released a commemorative stamp on the 1,000th birth anniversary of Saint Ramanujacharya and said the central message of his life was inclusive society and religion.

4. India’s first ever transgender sports meet in Kerala a runaway hit

130 athletes belonging to the third sex participated


Kerala hosted India’s first ever athletic meet for transgenders in Thiruvananthapuram on Friday. (Twitter)
It had all the sound and fury of a mega sports event. Kerala on Friday successfully organised a sports meet for transgenders, the first of its sort in the country.
At least 130 athletes belonging to the third sex participated in the event that was well appreciated by a good crowd of onlookers at the central stadium at the heart of the state capital.

5. Dubai becomes the first city in the world to get its own Microsoft font

100 million users of Microsoft Office 365 around the world


Dubai has become the first city in the world to get its own Microsoft font. The font, now available to more than 100 million users of Microsoft Office 365 around the world, is the first font to be created by a city and named after it.
The font, available in three styles as ‘Dubai’, ‘Dubai Medium’ and ‘Dubai Light’, can be in italics, underlined and bold.

6. Sunil Chhetri bags ‘Hero of the League’ award

Bengaluru FC captain Sunil Chhetri


Bengaluru FC captain Sunil Chhetri, who smashed seven goals in the recently-concluded edition of the I-League, has clinched the most coveted ‘Hero of the League’ award.

7. Soumyajit Ghosh wins singles & doubles gold at Chile Open

ITTF World Tour tournament.


Ghosh became the third Indian to win a men’s singles title at an ITTF Challenge Series or ITTF World Tour tournament.
He defeated compatriot Anthony Amalraj in the men’s singles final to clinch the title. Also he combined with Amalraj earlier to win the men’s doubles title.

8.Bharti Enterprises appointed Soumen Ghosh as MD – Financial Services

Ghosh was heading the Financial Services business


Bharti Enterprises, one of India’s leading business groups, has appointed Soumen (Sam) Ghosh as Managing Director of Financial Services.
Prior to joining Bharti, Ghosh was heading the Financial Services business at Reliance Capital as Executive Director and Group Chief Executive Officer.