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Friday, February 27, 2015

RAILWAYS BUDGET 2015 (ALL IMPORTANT FACTS WHICH YOU SHOULD KNOW)

GURU GYAN
RAILWAY BUDGET-2015
ALL ABOUT RAILWAY BUDGET:
Ø RAILWAY BUDGET is the annual Financial Statement of INDIAN RAILWAY, presented every year by the Union Railway Minister in the Lower House i.e. LOK SABHA just a couple of Days before the Union budget of India.
HISTORY:
Ø Railway Finances were separated from general Government finances on the recommendation of “Acworth Committee”, headed by William Acworth in 1920-21. Railway finances were first separated in 1924.
IMPORTANT FACTS:
Ø First live telecast of Railway Budget took place on 24th March 1994 by  Lalu Prasad Yadav.
Ø Mamta Banerjee was the first woman Railway Minister of India.
Ø First bullet train was announced in 2014 by D.V. Sadananda Gowda.
Notes: - Railway budget is presented separately because Indian Railway is among the World’s largest employers with 1.3 million employees. India has the fourth-longest route Network after the U.S.A., Russia and China.
Ø Railway Minister Suresh Prabhu, with the Minister of state for Railway Manoj Sinha Presented his maiden Railway Budget in the Lok Sabha.

HIGHLIGHT OF THE RAILWAY BUDGET 2015:-
Ø Setting up of ‘KAYAKALP’ to help in Technology upgradation.
Ø Planned budget for 2015-16 is 1, 00,011 crores.
Ø Train protection warning system and anti colliding system to be developed by RDSO.
Ø Automatic freight scheme to be launched in pan India.
Ø Increment in speed of 9 trains from 110 km/hr. to 160 km/hr and 130 km/hr to 200 km/hr.
Ø Investment plan for next 5 years by the government is of 8.5 Lakh crore rupees.
Ø No increment in rail fare.
Ø Increase track length by 20% and passenger carrying Capacity from 21 to 30 Million.
Ø Private agencies to be roped in for cleanliness drive.
Ø Free Wi-Fi facility to ‘B’ class stations under the Scheme of Digital India.
Ø Facilities of self operated lockers at stations & mobile phone charging facilities in general class.
Ø Surveillance cameras in selected watches and ladies compartments for women’s safety without compromising on privacy.
Ø Unreserved ticket purchase made simple through smart phones; Debit cards.
Ø Bio toilets in trains.
Ø Mumbai-Ahmadabad bullet train project is in last stage.
Ø No new train is introduced in the railway budget-2015. Main idea was to focus on executing past measures.
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DAILY FREE CURRENT AFFAIRS 27 FEBRUARY 2015

DAILY FREE CURRENT AFFAIRS 27 FEBRUARY 2015
Shared By: WWW.DailyGk.IN

1.      FORBES RELEASED 50-POWER BUSINESS WOMEN LIST:-
Ø  Forbes magazine has listed 50 power Business Women from ASIA in its recent issue.
Ø  6 Indian womens have been included in the 50 power Business women from Asia are:-
(1)  Arundhati Bhattacharya -------- SBI chairperson
(2)  Chanda Kochar -------- ICICI Managing Director
(3)  Akhila Srinivasan -------  Shriram Life Insurance MD
(4)  Kiran Mazumdar Shaw ------- Biocon Founder
(5)  Shikha Sharma ------ Axis Bank CEO
(6)  Usha Sangwan ------- LIC Managing Director.
About Forbes Magzine:- Forbes is an American Business Magazine published weekly. It was founded in 1917 by B.C. Forbes. Michael Perlis is the current CEO of Forbes.
EXPECTED QUESTION FROM THIS CURRENT AFFAIRS NEWS
Q-1) Who among the following women is not in Forbes 50 Power Business Woman from Asia ?
a.       Arundhati Bhatttacharya
b.      Chanda Kocha
c.       Sonia Gandhi
d.      Shikha Sharma.

2 .INDIA’S GDP FORECAST REVISED TO 7.9%:-
Ø S & P has revised India’s GDP forecast to 7.9% in FY 16.
Ø S & P has also raised it forecast for 2016-17 to 8.2% from the previous 6.6%.
Ø 7.9% forecast by S&P, Rising Investment and low oil prices are the primary factors to boost the changes in the economy of the nation.
Note :- S &P or Standard and Poor’s is a Financial Services Company with its headquarter at New York, U.S.A. It is an American stock market Index based on the market Capitalisations of 500 Large Companies having common stock listed on the NYSE.
EXPECTED QUESTION FROM THIS CURRENT AFFAIRS NEWS
Q-1) S & P has forecasted India’s GDP for FY16  ?
a.    6.6%
b.   7.9 %
c.    8.2 %
d.   6.2 %

3.   RATAN TATA HONOURED :
Ø RATAN TATA  has been honoured with an Honorary Doctorate of Automotive Engineering.
Ø  RATAN TATA was honoured by Clemson Universityat the South Carolina Automotive Summit.
Ø This was the 4th  annual S.C. Automotive Summit.
About Ratan Tata :- Ratan Tata is an Indian Businessman and Chairman Emeritus of Tata sons. He was also the Chairman of Tata Group from 1991-2012. Ratan Tata has also been honoured with Padam Bhushan in 2000 and Padma Vibhushan in the year 2008.
EXPECTED QUESTION FROM THIS CURRENT AFFAIRS NEWS
Q-1) Which Indian is Honoured with an Harmony Doctorate of Automotive Engineering at 4th annual S.C.  Automotive Summit ?
a.    Ratan Tata
b.   Mukesh Ambani
c.    Anil Dhirubhai Ambani
d.   Gautam Adani

4.     RAILWAY BUDGET 2015 :
Union  Railway Minister Suresh Prabhu, with the minister of state for Railways Manoj Sinha presented his maiden Railway Budget in the Lok Sabha yesterday.
Ø No new Train was introduced and the focus was to deliver a sustained and measurable improvementin customer experience.
Ø The government will Invest approximatelyRs. 8.5 lakh crores over next 5 years on Railway.
Note :- For Detailed Description on RAILWAY BUDGET, Click on to GURU GYAN :
EXPECTED QUESTION FROM THIS CURRENT AFFAIRS NEWS
Q-1)Who is the Union Railway Minister of India ?
a.    Narendra Modi
b.   Suresh Prabhu
c.    Smriti Irani

d.   Mallikanjan Khafre.
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Thursday, February 26, 2015

DAILY FREE CURRENT AFFAIRS 26 FEBRUARY 2015

DAILY CURRENT AFFAIRS 26 FEBRUARY 2015
Shared By: WWW.DailyGk.IN
                                               
1.      LIFE IMPRISONMENT FOR  ABU SALEM:
Ø  Abu salem gets Life Imprisonment.
Ø  Abu Salem was found guilty for the murder of Mumbai based Builder Pradeep Jain.
Ø  Abu Salem along with two others was found guilty in a 20 year old case.

2.      TRAI AMENDS REGULATIONS:
Ø  TRAI amends regulations for PAN INDIA MOBILE NUMBER  PORTABILITY(MNP)
Ø  TRAI has issued the sixth amendment to the telecommunication Mobile Number Portability Regulation, 2009.
Ø  TRAI ---- Telecom Regulatory authority of India.
Ø  Rahul Khullar is the Chairman of TRAI.
EXPECTED QUESTION FROM THIS CURRENT AFFAIRS NEWS
1)    Where is the Headquarter of TRAI?
A)    New delhi
B)    Mumbai
C)     Bangalore
D)    Kolkata

3.      RBI ISSUES GUIDELINES FOR PMJDY:
Ø  RBI issues guidelines to PSB’s regarding PMJDY.
Ø  RBI kept Overdraft facility under PMJDY under Priority Sector Lending.
Ø  Overdraft facility available to PMJDY is Rs.5000 But for only those account holders which have opened their account under PMJDY and kept it active for atleast 6 months.
Ø  PMJDY--- PradhanMantri Jan DhanYojna.
Ø  Current Priority Sector Lending rate for PSB is 40%
EXPECTED QUESTION FROM THIS CURRENT AFFAIRS NEWS
1) What is rate of priority sector lending for psb?
A)    37%
B)    40%
C)     42%
D)    50%



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BANKING GK FACTS RELATED TO THE RTGS AND NEFT - BANKING GK

GURU  GYAN
NEFT & RTGS COMPARISON

NEFT
National Electronic Fund Transfer
1.     RBI ROLE:Reserve Bank of India does not play any major role in NEFT.
2.     TRANSACTION LIMIT: There is no upper and lower limit in NEFT.
3.     NEFT enables Fund transfer from one Bank to another on a Deferred Net Settlement (DNS) basis, which settles transactions in batches.
4.     CHARGES: There are 4 slabs in it:-
A.    For transactions Upto Rs. 10000
                   -> Rs. 2.50 + (Service Tax).
B.    For transactions above Rs. 10000 & upto Rs. 1lakhs-> Rs. 5 + (Service Tax)
C.     For transactions above Rs. 1lakh and Upto Rs. 2lakhs-> Rs. 15 + (Service Tax)
D.    For transactions above Rs. 2lakhs 
                  -> Rs. 25 + (Service Tax)
5.     TIME LIMIT: Through NEFT the transaction is completed either on the same day on the next working day.
6.     WORKING HOURS:NEFT transaction timing in each Bank is 9:00 A.M to 7:00 P.M. for weekdays and 8:00 A.M. to 1:00 P.M. on Saturday.
RTGS
Real Time Gross Settlement
1.     RBI ROLE :Reserve bank of India acts as a Middle man in RTGS.
2.     TRANSACTION LIMIT: There is no upper Limit for RTGS transaction but a minimum amount of Rs. 2lakhs is required.
3.     RTGS is a fund transfer system where transfer of money or securities takes place from one bank to another on a “Real time and Gross” basis.
4.     CHARGES: Rs. 30 per transaction is charged for Rs. 55 for amount exceeding 5 Lakhs.
5.     TIME LIMIT: Through RTGS, the transaction is to be completed within 30 minutes.
6.     WORKING HOURS :RTGS transaction timing in every Bank is 8:00 A.M. to 8:00 P.M. for weekdays and for Saturday it is 8:00 A.M. to 3:30 P.M.
 
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