IMPORTANT DAYS IN AUGUST/SEPTEMBER

August 15: Independence Day (India )

August 2: Internatinal Day for the Remembrance of the Slave Trade and its
Abolition

August 29: National Sports Day ( Birthday of Dhyan Chand )

5 SEPTEMBER: Teacher’s Day (Birth Day of S. Radha krishnan)

8 SEPTEMBER: World Literacy Day

14 SEPTEMBER: World Fraternity and Apology Day

14 SEPTEMBER: Hindi Diwas ( Day)

15 SEPTEMBER: Engineer’s Day

16 SEPTEMBER: World Ozone Day

20 SEPTEMBER: Railway Police Force (RPF) Foundation Day

21 SEPTEMBER: Alzheimer’s Day

24 SEPTEMBER: World Deaf Day and World Heart Day

27 SEPTEMBER: World Tourism Day

IMPORTANT ABBERVATIONS

ADB Asian Development Bank BACS Bankers Automated Clearing

AIDBs All India Development System
Banks
AIFIs All India Financial Institutions BPL Below Poverty Line
A LM Asset Liability Management BPLR Benchmark Prime Lending
AMC Asset Management Company Rate
ARCs Asset Reconstruction BPO Business Processes Outsourcing
Companies BR Base Rate
ATM Automated Teller Machine
CAAP Capital Adequacy Assessment
ATS Automatic Transfer Service
Process

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CACP Commission for Agricultural EXIM Bank Export-Import Bank of
Cost and Prices India
CEO Chief Executive Officer
CFO Chief Finance Officer FCP Farmers Club Programme
CFMS Centralised Funds FCRA Forward Contract Regulation
Management System Act
CFS Committee on the Financial FD Fixed deposit
System FDI Foreign Direct Investment
CFS Consolidated Financial FDIC Federal Deposit Insurance
Statements Corporation
CHAPS Clearing House Automated FEMA Foreign Exchange
Payment System Management Act
CRR Cash Reserve Ratio FERA Foreign Exchange Regulation
CSGLA Constituent’s Subsidiary Act
General Ledger Account FIP Financial Inclusion Plan
CSIR Council of Scientific and FIU-IND Financial Intelligence Unit-
Industrial Research India
CSO Central Statistical Organisation FOB Free-on-Board
CWC Central Warehousing FRNs Floating Rate Notes
Corporation FRO Foreigners Registration Officer
FRRO Foreigners Regional
DPN Derivative Usance Promissory Registration Officer
Note FSS Financial Software Systems
DPs Depository Participants FTT Foreign Travel Tax
DRI Beneficiaries of Differential
Interest rate GDCF Gross Domestic Capital
DRT Debt Recovery Tribunals Formation
DSA Direct Selling Agent GFD Gross Fiscal Deficit
DSCR Debt Service Coverage Ratio GIC General Insurance Corporation
DTA Domestic Tariff Area of India
GIPSA General Insurance Public
ECB External Commercial Borrowing Sector Association
ECS Electronic Clearing Service GNP Gross National Product
EMI Equated Monthly Instalment HRD Human Resources Development
EPS Earnings Per Share HSBC The Hongkong and Shanghai
ERP Enterprise Resource Planning Banking Corporation Ltd
ETFs Exchange Traded Funds HTM Held to Maturity
EU European Union HUDCO Housing and Urban
Development Corporation

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HUF Hindu Undivided Family MBFC Mutual Benefit Financial
HYVP High Yielding Variety Company
Programme MODS Multi-Option Deposit Scheme
MPBF Maximum Permissible Bank
ICAI Institute of Chartered Finance
Accountants of India MRD Market Regulation Department
ICAO International Civil Aviation MRTP Monopolies and Restrictive
Organi-sation Trade Practices
ICC Integrated Circuit Card MSME Micro, Small and Medium
ICDP Intensive Cattle Development Enterprise
Programme NDA Net Domestic Assets
ICICI Industrial Credit and NDC Non-Dues Certificate
Investment Corporation of India NDS Negotiated Dealing System
Limited NDTL Net Demand and Time
ICRA Investment Information and Liabilities
Credit Rating Agency NFA Net Foreign Assets
ICSID International Centre for NGO Non-Governmental
Settlement of Investment Organisation
IDBI Industrial Development Bank of NHB National Housing Bank
India NIA Negotiable Instruments Act
IDFC Infrastructure Development NII Net Interest Income
Finance Company Limited NIM Net Interest Margin
IDR Indian Depository Receipt NNP Net National Product
IDRBT Institute for Development and NSIC National Small Industries
Research in Banking Technology Corporation
IFC International Finance Corporation Banking and Economic Abbreviations
IFCI Industrial Finance Corporation NSS National Savings Scheme
of India Limited NSSO National Sample Survey
IFSC Indian Financial System Code Organisation
IPG Internet Payment Gateway
IPO Initial Public Offering OBE Off-balance Sheet Exposures
ISO International Standard OBUs Offshore Banking Units
Organisation OCB Overseas Corporate Bodies
IVP Indira Vikas Patra OPEC Organisation of Petroleum
Exporting Countries
KCC Kisan Credit Card OTC Over-The-Counter
KVP Kisan Vikas Patra OTCEI Over-The-Counter Exchange
KYC Know Your Customer of India Limited
OTS One-Time Settlement
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PCA Prompt Corrective Action Security Interest
PCDs Partly Convertible Debentures SBI State Bank of India
PD Primary Dealer SCB State Cooperative Apex Bank
PFIs Public Financial Institutions SCC Selective Credit Control
PFS Price Stabilisation Fund SDRs Special Drawing Rights
PIN Personal Identification Number SEBI Securities and Exchange Board
PIO People of Indian Origin of India
PKI Public Key Infrastructure SHGs Self-Help Groups
PLIs Prime Lending Institutions SICA Sick Industrial Companies Act
PLP Potential Linked Plan SIDBI Small Industries Development
PLR Prime Lending Rate Bank of India
PMO Primary Market Operations SIDC State Industrial Development
PMEGP Prime Minister’s Corporation
Employment Generation Programme SIM Subscriber Identity Module
PTCs Pass-Through Certificates SJSRY Swarna Jayanti Shahari
Rojgar Yojana
QIB Qualified Institutional Buyers SLBC State-level Banker’s
QIP Qualified Institutional Placement Committee
QIS Quantitative Impact Study SLR Statutory Liquidity Ratio
Banking and Economic Abbreviations
RCI Refinance Corporation for SME Small and Medium Enterprises
Industry SPNS Shared Payment Network
RCTC Risk Capital and Technology Systems
Corporation SPOM Self-Programmable One-Chip
REPO Repurchase Agreement Microcomputer
REPOS Ready Forward Contracts SPV Special Purpose Vehicle
RFID Radio Frequency Identification SSIDC State Small Industries
RLS Retail Loan Schemes Development Corporation
RMC Risk Management Committee SSls Small Scale Industries
RMG Risk Management Group STF Short-Term Finance
RML Reverse Mortgage Loan
RNBCs Residuary Non-Banking
Companies
ROA Return on Assets
ROC Registration of Companies
RTGS Real Time Gross Settlement

SARFAES Ses and Reconstruction of

Fmancial and Enforcement of

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 BANKING NEWS

 Repo rate- 8%
 Reverse Repo Rate-7%
 CRR-4%
 SLR-22%
 Bank Rate-9%
 Marginal Standing Facility (MSF)- 9%

 Betting big on the government‘s reforms agenda, overseas investors have

poured in more than USD 5 billion in the Indian market so far this month
taking the total inflow to over USD 25 billion since January 2014.

 The soon-to-be-turned private bank IDFC will be headed by its current

Executive Chairman Rajiv Lall. Subject to RBI approval, Rajiv Lall will be
the Managing Director and Chief Executive Officer of IDFC Bank, which is
expected to be formed by October 2015.

 SBI Caps (the investment banking arm of State Bank of India) has been
asked by the Finance Ministry to undertake a study on the merger and
recapitalisation of banks

 The Central Bureau of Investigation has registered a case of alleged bribery

against the Chairman & Managing Director of Syndicate Bank Sudhir
Kumar Jain.

 Vidyo, Inc., a visual communications solutions provider has been selected

by IndusInd Bank, one of the fastest growing new-generation private sector
banks in India for Video Branch, a mobile and desktop-based banking
service being deployed across the country.

 The Reserve Bank of India has said that the proposed Bharat Bill Payment
System (BBPS) will function as a tiered structure for operating the country‘s

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 bill payment system. It will have a single brand image providing
convenience of anytime anywhere‘ payment to customers.

 The RBI said that it will transfer the surplus amount of Rs. 52,679 crore to
the Government. The year before, the central bank said that it had
transferred Rs. 33,010 crore to the Government.

 Coca-Cola has announced it will pay $2.15 billion for a 16.7 per cent stake
in Monster Beverage, cementing a distribution-based link between the two
that had added significantly to Coke‘s profits.

 Five Indian companies, including Hindustan Unilever and Tata Consultancy

Services, are among Forbes‘ list of the world‘s 100 most innovative
companies that investors think are most likely to ―generate big, new growth
ideas.

 People can now deposit up to Rs 1.5 lakh annually in their Public Provident
Fund (PPF) with the government notifying changes in the popular savings
scheme. The government has issued a notification raising the limit from
annual PPF deposit limit from Rs 1 lakh to Rs 1.5 lakh in pursuance of the
announcement made by Finance Minister Arun Jaitley.

 Non-Banking Financial Companies (NBFC) with asset size of Rs. 100 crore
and above have been forbidden to give more than 50 per cent of the value of
shares pledged with them (capping the loan to value ratio at 50 per cent).
This would be applicable only to loans of Rs. 5 lakh and above.This has
been done to minimise volatility in the market

 The Department of Economic Affairs, Ministry of Finance is bringing out

the twentieth issue of the annual publication India‘s External Debt: A Status
Report 2013-14‘. The Report presents a detailed analysis of India‘s external
debt position at end-March 2014, based on the data released by the Reserve
Bank of India on June 30, 2014.

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  The Tata Group has retained its place as the country‘s most valuable brand
at USD 21 billion, while the total worth of top-100 Indian brands now stands
at USD 92.6 billion.

 The Indian Cotton Federation (ICF) organised the second All India Cotton
Conference on August 12 and 13 at The Residency in Coimbtore. The theme
of the conference is ‗Indian Cotton Scenario in the current context 2014-15‘.

 The Ken-Betwa Link Project, benefiting Madhya Pradesh and Uttar Pradesh,
has been taken up for the implementation. The estimated cost of the Phase-I
and Phase-II of the Ken-Betwa Link project is Rs.9393 Crore (2008 price
level) and Rs.2283 Crore (2012-13 price level) respectively

 Reserve Bank will issue Rs 1,000 new bank notes under the Mahatma
Gandhi Series-2005 with the rupee mark 'R' in inset.

 The Ministry of Environment and Forests has given environment clearance

to Cairn India to raise crude oil production from its prolific Rajasthan block
by 50 per cent to 300,000 barrels per day.

 The government will spend Rs 20,000 crore to provide mobile connectivity

in 55,000 villages, which are still untouched by wireless telephony, in the
next five years, Telecom Secretary Rakesh Garg said.

 The retirement fund body also has also fixed the minimum monthly pension
for EPFO schemes at Rs. 1,000. This move will immediately benefit 28 lakh
pensioners who get less than this amount at present. Mr Jaitley in the Budget
had allocated Rs. 250 crore in the current financial year for this purpose.

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 NATION

 Prime Minister Narendra Modi is expected to address the United Nations

General Assembly on September 27, giving his first global speech to an
audience of nearly 200 world leaders and foreign ministers at the annual
gathering of the world body‘s policymaking organ.

 The board of directors of India‘s largest milk federation, the Gujarat

Cooperative Milk Marketing Federation (GCMMF), has unanimously
elected Jethabhai Patel, a cooperative leader from North Gujarat as the new
Chairman. GCMMF sells milk products under the ‗Amul‘ brand.

 The Modi Government will give a decisive push to make the Ganga-
Hooghly waterway navigable for freight movement by tying up for a World
Bank loan that could be as much as $1 billion.

 The Centre has urged all the states to provide 33 per cent reservation for
women in their police forces to effectively deal with cases of sexual violence
and crime against women

 Union Ministry of HRD has set up Hari Gautam Committee to review the
status of UGC.

 Shri Jogen Chowdhary to be the first artist in-residence in Rashtrapati

Bhavan.

 According to the Andhra Pradesh Reorganisation Act, 2014, the Government

of India has to establish the National Institute of Disaster Management
(NIDM) in the Successor State of Andhra Pradesh within a period of 10
years.
 India and Bhutan agree to strengthen the strategic cooperation in the field of
Agriculture & allied sectors between the two countries.
 Tamil Nadu Chief Minister J Jayalalithaa has announced a series of
integrated drinking water schemes and also proposed a ‗Tamil Nadu
Innovative Initiative‘ to promote innovation in the State.
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  The Ministry of Rural Development launched its flagship Shyama Prasad
Mukherji Rurban Mission, which is aimed at providing urban amenities in
rural areas.
 Prime Minister, Narendra Modi, laid the foundation stone for Leh-Kargil-
Srinagar transmission system. He also dedicated the 45 MW Nimoo Bazgo
Hydroelectric Project to the nation.
 India successfully conducted trials of its indigenously developed surface-to-
air ‗Akash‘ missile, which has a strike range of 25 kms, as part of a user
trial by the Air Force from the Integrated Test Range at Chandipur
 The Prime Minister Shri Narendra Modi laid the foundation of a Port- Based
Multi-product Special Economic Zone (SEZ) at the prestigious Jawaharlal
Nehru Port Trust (JNPT) at Sheva, Navi Mumbai.
 The Hon‘ble Prime Minister of India, Shri Narendra Modi, commissioned
INS Kolkata into the Indian Navy.
 In a function at Solapur, the Prime Minister dedicated to the nation 765 kV
Solapur - Raichur transmission lines, and four laning of Pune - Solapur
section of NH-9.
 Assuring financial independence to the poorest of the poor, Prime Minister
Narendra Modi launched the ‗Pradhan Mantri Jan Dhan Yojana‘ to provide
bank accounts along with a debit card and an insurance cover of Rs 1 lakh to
all.
 Prime Minister Shri Narendra Modi, dedicated the 1000MW ( 2X500 MW)
stage I of Mouda Super Thermal Power Project to the nation in Mouda in
Nagpur district of Maharashtra
 Minister for Information and Broadcasting Prakash Javadekar opened the
first edition of northeast film festival in the capital and said the government
is committed to mainstream new initiatives in the region.
 Ministry of Textiles announced that Ministry through DC (Handlooms) has
signed a Memorandum of Understanding (MoU) with Flipkart India Pvt.
Ltd. to provide online marketing platform to handloom weavers to boost the
handloom sector, empower the weavers and boost manufacturing in the
country.
 India and Vietnam agreed to deepen cooperation in defence and oil sectors
among others as External Affairs Minister Sushma Swaraj reviewed the
entire gamut of bilateral ties with the strategically-important country
 A Credit Agreement for World Bank (IDA) assistance of US$ 107 million
for Second Mizoram State Roads Project (MSRP II) has been signed
between the Government of India and the World Bank.

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 APPOINTMENTS/ RESIGNATIONS

 Former UN peacekeeper in Congo Sudesh Kumar, has been handed over the
command of the inspector general's office of BSF Meghalaya Frontier.
 Arvind Gupta, former Indian Foreign Service officer, was appointed as
Deputy National Security Adviser (NSA).
 YES Bank has appointed retired IAS officer Radha Singh as Non-Executive
Chairperson of the board of the bank.
 Justice Dr Manjula Chellur sworn in as the first woman Chief Justice of
Calcutta High Court — the oldest high court in the country.
 IDFC appointed Ravi Shankar as the head of the proposed bank‘s financial
inclusion and rural business initiative.
 AIADMK leader M.Thnbidura unanimously elected Deputy Speaker of the
Lok Sabha. He is the first leader to hold the post for a second time. Earlier in
1985, also has the distinction of being elevated to the post.
 S.M. Swathi, General Manager of Corporation Bank, has been appointed as
Executive Director of Bharatiya Mahila Bank. She had assumed office on
August 14.
 Rajni Razdan became the new Chairperson of the Union Public Service
Commission (UPSC). She was appointed as Chairperson of UPSC by the
President Pranab Mukherjee in accordance with the Article 316 (1) of the
Constitution.
 UPA appointed Governor Sheila Dikshit resigned.
 Modern-era ‗Don‘ Shah Rukh Khan has become the first Indian actor to be
roped in as Ambassador of Interpol‘s initiative ‗Turn Back Crime‘
campaign, aimed at promoting greater awareness on how to prevent crime.
The ‗Turn Back Crime‘ campaign is aimed at raising public awareness that
organised crime is often involved in seemingly unrelated crimes.

AWARDS

 Bharatiya Mahila Bank Ltd. bagged the Core Banking System Initiative
Award for the year 2014 at the Asian Banking and Finance - Retail Banking
Awards 2014.
 Chandra Shekhar Ghosh, CMD of Bandhan, has received the ‗Entrepreneur
of the Year‘ award from the All India Management Association (AIMA).

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  Ratan Tata, Chairman Emeritus, Tata Sons Ltd, has been conferred the 18th
MMA Amalgamations Business Leadership Award at a function in Chennai.
 Two Indian-origin academicians have won global prizes in the field of
mathematics with one of them being awarded the Fields Medal — known as
the ‗Nobel Prize of mathematics‘. Manjul Bhargava won the Fields Medal,
while Subhash Khot won the Rolf Nevanlinna Prize, awarded by the
International Mathematical Union, at the International Congress of
Mathematicians 2014 held in Seoul
 The President of India, Shri Pranab Mukherjee presented Outstanding
Parliamentarian Awards to Shri Arun Jaitley, Dr. Karan Singh and Shri
Sharad Yadav for the years 2010, 2011 and 2012 respectively at a function
organized by the Indian Parliamentary Group.
 Bharatiya Mahila Bank Ltd. bagged the Core Banking System Initiative
Award for the year 2014 at the Asian Banking and Finance - Retail Banking
Awards 2014.
 Chandra Shekhar Ghosh, CMD of Bandhan, has received the ‗Entrepreneur
of the Year‘ award from the All India Management Association (AIMA).
 Ratan Tata, Chairman Emeritus, Tata Sons Ltd, has been conferred the 18th
MMA Amalgamations Business Leadership Award at a function in Chennai.

 Seven books of stories, six of poetry, one of novel, one of essays and eight
writers for their total contribution to children literature have won the Bal
Sahitya Puraskar this year.
 Shri Ram Vilas Paswan, Minister for Consumer Affairs, Food and Public
Distribution has announced the annual awards and commendation
certificates for the nineteenth prestigious Rajiv Gandhi National Quality
Awards for the year 2012. The Best of All Award has been won by Rail
Wheel factory (Ministry of Railways), Bangalore.

SPORTS NEWS THIS MONTH

 Woman discus thrower Seema Punia, who won a silver for India at the 20th
Commonwealth Games, was the flag-bearer for the country during its
closing ceremony.
 In Commonwealth Games 2014 India finished at fifth-place with 64 medals,
including 15 yellow metals.
 Jammu and Kashmir to host Football Federation Cup in August 2015.

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  England won the 5-match Pataudi Trophy test-series played against India by
3-1. England achieved the feat after defeating India in the fifth and final Test
at The Oval by an innings and 244 runs.
 Ravi Shastri has been appointed Director of the India cricket team for the
ODI series against England.
 Hurdler Siddhanth Thingalaya, representing ONGC, secured his berth for
the Asian Games by equaling his own national record in the 110m hurdles
on the concluding day of the Federation Cup Senior National Athletics
Championships at Netaji Subhas National Institute of Sports, Patiala.
 Atletico Madrid striker Mario Mandzukic‘s early goal secured a 1-0 win
over Real Madrid and a 2-1 aggregate success to clinch the Spanish Super
Cup and gain some revenge for last season‘s Champions League final defeat.
 The President of India Pranab Mukherjee inaugurated the 6th Edition of
Kamada Kinkar Mukherjee Rural .
 In the doubles, Leander Paes continues to be India's top-ranked player at
number 12, a loss of one position. In the women's rankings, Sania Mirza
maintained her top-five rank as she was unchanged at number 5.
 Roger Federer has not won a Grand Slam title this year but the 17-time
Grand Slam champion topped Forbes magazine‘s list of the 10 top tennis
money-makers announced.
 Indian women cricket captain Mithali Raj has retained the top spot in the
latest International Cricket Council (ICC) women‘s rankings for batters.
 Mobile handset maker HTC Mobiles announced that it has become an
official sponsor for Kings XI Punjab, one of the eight cricket teams of Indian
Premier League (IPL).

INTERNATIONAL
 US Secretary of State, John Kerry, called on Finance Minister, Arun Jaitley,
at the latter's North Block office. Kerry, who arrived in India for an official
visit, has already pressed New Delhi to drop its opposition to global trade
reforms.
 Prime Minister Narendra Modi sailed on a visit to the Himalayan nation.
During the two-day visit to Nepal, Modi holded talks with his counterpart
Sushil Koirala and meet with other political leaders.
 Prime Minister Narendra Modi reached Japan amid "great expectations" that
the five-day trip will open new vistas in bilateral ties and Strategic and
Global Partnership to a higher level.

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  The U.S. House approved a lawsuit against President Barack Obama over
alleged abuse of executive power.
 China has inaugurated its second railway line in Tibet, built at a cost of
$2.16 billion, close to Indian border in Sikkim, enhancing mobility of its
military in the remote and strategic Himalayan
 An Indian-origin student, who scored a perfect five in his main subjects with
100 per cent marks across the board, is being hailed as the brightest student
in Britain. Asanish Kalyanasundaram achieved the highest possible grades in
maths, physics, chemistry, biology and critical thinking as part of the five
main subjects required at A Levels in Britain.

SOME IMPORTANT POINTS

FDI limits in India:

Defence 49%
Pension 49
Insurance Raised to 49%
Print Media 26%
Civil Aviation 49%
Public Sec. Banks 20%
Private Sec. Banks 74%
Multi Brand 51%
Single Brand 100%
Tourism 100%

India Ranking in Different Index:

Human Development Index 2014 – 135

Global Environment Performance Index 2014 – 155
Global Peace Index 2014 – 143
Global Innovation Index 2014 – 76
World Prosperity Index 2013 – 106.
Global Corruption Index 2013 – 94
Global Competitiveness Index 2013 -60 for 2013

New governors appointed in India

1. Kalyan Singh – new Governor of Rajasthan

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2. Vajubhai Rudabhai Vala – new Governor of Karnataka
3. Chennamaneni Vidyasagar Rao – new Governor of Maharashtra
4. Mridula Sinha – new Governor of Goa
5. Ram Naik: new Governor of Uttar Pradesh. He replaces B.L. Joshi
6. Balramji Dass Tandon: new Governor of Chhattisgarh.
7. Keshari Nath Tripathi: new Governor of West Bengal.
8. Om Prakash Kohli: new Governor of Gujarat.
9. Padmanabha Balakrishna Acharya: new Governor of Nagaland.
10. Kaptan Singh Solanki: new Governor Haryana. He replaces Jagannath Pahadia

New Cabinet Ministers:

Rajnath Singh: Home Minster
Sushma Swaraj: External Affairs & Overseas Indian Affairs
Arun Jaitley: Finance Corporate Affairs & Defence
M. Venkaiah Naidu: Urban Development Housing and Urban Poverty Alleviation
& Parliamentary Affairs
Nitin Jairam Gadkari: Road Transport and Highways Shipping + Rural
Development, Panchayati Raj & Drinking Water
and Sanitation
D.V. Sadananda Gowda: Railways
Uma Bharati: Water Resources, River Development and Ganga Rejuvenation
Dr. Najma A. Heptulla: Minority Affairs

Ramvilas Paswan: Consumer Affairs, Food and Public Distribution

Kalraj Mishra: Micro, Small and Medium Enterprises
Maneka Gandhi: Women and Child Development
Ananthkumar: Chemicals and Fertilizers
Ravi Shankar Prasad: Communications and Information Technology & Law and
Justice
Ashok Gajapathi Raju: Civil Aviation
Anant Geete: Heavy Industries and Public Enterprises
Harsimrat Kaur Badal: Food Processing Industries
Narendra Singh Tomar: Mines & Steel Labour and Employment
Jual Oram: Tribal Affairs
Radha Mohan Singh: Agriculture
Thaawar Chand Gehlot: Social Justice and Empowerment
Smriti Zubin Irani: Human Resource Development
Dr. Harsh Vardhan: Health and Family Welfare
Sumitra Mahajan: new Lok Sabha Speaker

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Revolutions in the field of agriculture in India:
· Black Revolution – Petroleum Production
· Blue Revolution – Fish Production
· Brown Revolution – Leather/nonconventional(
India)/Cocoa production
· Golden Fiber Revolution – Jute Production
· Golden Revolution – Fruits/Overall Horticulture
development/Honey Production
· Green Revolution – Food grains
· Grey Revolution – Fertilizer
· Pink Revolution – Onion production/Pharmaceutical
(India)/Prawn production
· Red Revolution – Meat & Tomato Production
· Round Revolution – Potato
· Silver Fiber Revolution – Cotton
· Silver Revolution – Egg/Poultry Production
· White Revolution (In India: Operation Flood) -
Milk/Dairy production
· Yellow Revolution – Oil Seeds production
· Evergreen Revolution – Overall development of
Agriculture .

Pradhanmantri Jan-Dhan Yojana

1. Aim of this scheme to bring poor financially excluded people into the
banking system by providing banking facilities .
2. The scheme will cover both urban and rural areas of India and all bank
accounts opened will be linked to a debit card which would be issued under
the Ru-Pay scheme.
3. Every Account Holder in this scheme can claims accident insurance cover of
up-to Rs 1 Lakh for his entire family.
4. Scheme Authority decided to open 15 Crore bank accounts at the rate of two
bank accounts per household.
5. The bank account has been active for 6 months and has been linked to
account holders Aadhar identity , they would become eligible for an
overdraft of up to Rs 2,500.
6. Jan Dhan Yojana is to lay the foundation of a cashless economy and is
complementary to the Digital India Scheme.

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 7. Every Bank has allotted no of accounts as target.

Gold Medal Winner Commonwealth Games 2014

Sanjita Khumukchan: Women’s 48 kg weightlifting

Sukhen Dey: Men’s 56 kg weightlifting
Abhinav Bindra: Men’s 10 metre air rifle shooting
Apurvi Chandela: Women’s 10 metre air rifle shooting
Rahi Sarnobat: Women’s 25 metre pistol shooting
Satish Sivalingam: Men’s 77 kg weightlifting
Jitu Rai: Men’s 50 metre pistol shooting
Amit Kumar: Men’s freestyle 57 kg wrestling
Vinesh Phogat: Women’s freestyle 48 kg wrestling
Sushil Kumar: Men’s freestyle 74 kg wrestling
Babita Kumari: Women’s freestyle 55 kg wrestling
Yogeshwar Dutt: Men’s freestyle 65 kg wrestling
Vikas Gowda: Men’s discus throw athletics
Dipika Pallikal and Joshana Chinappa: Women’s doubles squash
Parupalli Kashyap: Men’s singles badminton

Union Budget 2014-15 Highlights

 Income tax exemption limit raised by Rs 50,000 to Rs 2.5 lakh and for
senior citizens to Rs 3 lakh.
 Exemption limit for investment in financial instruments under 80C raised to
Rs 1.5 lakh from Rs 1 lakh.
 Investment limit in PPF raised to Rs 1.5 lakh from Rs 1 lakh.
 Deduction limit on interest on loan for self-occupied house raised to Rs 2
lakh from Rs 1.5 lakh.
 Kisan Vikas Patra to be reintroduced, National Savings Certificate with
insurance cover to be launched.
 Long term capial gain tax for mutual funds doubled to 20 pc; lock-in period
increased to 3 years.
 Mandatory wage ceiling of subscription to EPS (Employee Pension
Scheme) raised from Rs 6,500 .to Rs 15,000.
 Minimum pension increased to Rs 1,000 per month.
 LCD, LED TV become cheaper.
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  Cigarettes, pan masala, tobacco, and aerated drinks become costlier.

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