chief election commissioner india
- op rawat
- h l dattu
- nasim jaidi
- h s brahma
0 voters
Dear Readers,
The Start-up India campaign has recently been in the news and could be a crucial topic for your exams.
Lately, the government has also begun expressing interest in them as they are seen as the future of India's economy, and as a part of this change, Prime Minister Narendra Modi has announced the 'Start-up India; Stand up India' campaign. This article will look at this initiative in greater detail.
Objectives
· To encourage and generate novel ideas of start-ups among the youth of India.
· To help set in place a network of start-ups in the country.
· To provide additional help in the form of loans will also be provided to budding entrepreneurs.
· To bring about economic transformation in India and provide hope to millions of young people in the form of tangible help so that they can put their dream projects into practice.
Background - what is Start-up India?
· Narendra Modi announced the 'Start-up India; Stand up India' campaign on the 69th Independence Day, adding that India must be number one in start-ups.
· He launched the campaign to encourage bank financing for start-ups and provide incentives to stimulate entrepreneurship and creation of newer jobs.
· As a part of this initiative, each of the 1.25 lakh bank branches of the country must provide financial backing to at least one tribal or Dalit entrepreneur and at least one woman entrepreneur.
· Modi said that Indian start-ups are applying technology to change the picture of health, agriculture, education, clean energy, finance, security, access to clean water and the financial inclusion of the poor.
· During his visit to the Silicon Valley, Mr. Modi had said that India's own ecosystem of start-ups has been progressing rapidly and is driven by the energy, enterprise and innovation of the youth. He added that India has a vast market with several opportunities in every sector.
· The past few years have seen exponential growth in the start-up sector and India has risen up to recognize the immense potential of start-up projects with great energy and enthusiasm.
· Start-ups have become all the more important for India because they are not just creating solutions for the urban upper-middle class customer of India. Greater efforts are being put into devising solutions for problems that are tougher and more significant.
Impact of Start-up India Campaign
· Jharkhand's Minister of Finance for State, Jayant Sinha recently stated that in addition to this campaign, the government will also stress on boosting innovation in research centers and will be setting up the India Aspiration Fund and Atal Innovation Mission.
· Adhering to the Prime Minister's program, the Ministry of Human Resources Development (MHRD) has also relaunched their 'research park' campaign.
· If government sources are to be believed, the MHRD has put forth an initial investment of Rs. 100 crores which will begin in the next financial year to aid the research park initiative.
Important News regarding Start-ups
· Ratan Tata invests in Infinite Analytics: Chairman Emeritus of Tata Sons Ratan Tata invested an undisclosed sum in a big data analytics start-up Infinite Analytics. The start-up helps customers like eBay, Croma Retail, Air BnB and others rake through reams of data and highlight hidden insights, patterns and unknown correlations.
· Snapdeal acquires US-based start-up Reduce Data: Snapdeal.com recently acquired Reduce Data, Silicon Valley-based advertising technology start-up. Snapdeal aims to build discovery platform, tools for brands and over two lakh sellers on the marketplace. As per report by investment bank Goldman Sachs, the battle to acquire talent and technology is catching pace in India's speedily growing e-commerce industry, which is worth $7 billion (Rs.46,347 crore) and is expected to reach $220 billion (Rs.14.5 lakh crore) by 2030.
· Aditya Birla Group launches Bizlabs: With the aim of collaborating with innovative start-ups and providing them an opportunity to scale up in the large operating business environment, the Aditya Birla Group has launched a new initiative - Bizlabs. Start-ups offering innovative solutions in the areas of retail, financial services and mobility will be considered. Candidates shortlisted for the 20-day programme will have an access to CEOs and other top leaders of the group besides the opportunity to network with reputed industry experts. Dev Bhattacharya, Group Executive President, Aditya Birla Group said that the objective is to enable the combination of the technology and ingenuity of the start-up ecosystem with the power and reach of the group's businesses to create a platform that will foster growth.
These are the primary points about the Start-up India program. If you are able to understand these well, you can easily attempt questions pertaining to this topic.
Moratorium : When the repayment of a loan starts after certain period of its disbursement, that period is called moratorium.
Does anybody need pdf version of Quant Book by Arun Sharma???
Then click on the link below:
https://drive.google.com/file/d/0By5QF82FE8DJcWtWczRJMDV1eWc/view?pli=1
max ammount cd be send by chillar app..and times per day???
- 5000,5
- 5000,10
- 10000,10
- 10000,5
0 voters
Dear Readers,
The Central Fraud Registry has recently been in the news and could be an important topic for your exams. This article will look at the objectives, background and working of this new organization.
The Reserve Bank of India (RBI) has set up the CFR to fight the problem of bad loans and to strengthen the protection of banks against unscrupulous borrowers.
Objectives
· To identify the impact of frauds on the financial records of banks.
· To quicken sharing of info about deceitful borrowers and help banks tackle the problem of bad loans.
· To create a single database and make it accessible to all the lenders so that they can get all the info about previously registered frauds.
· To keep track of all sorts of financial crimes and help put an end to it with the help of a comprehensive database.
· To set in motion a better coordinated and timely action by law enforcement.
Background - what is Central Fraud Registry?
· In May 2015, a new organization, called the Central Fraud Registry, was put in place by the RBI to spot loan frauds and curb them. The first step to do so would be generating Early Warning Signals (EWS).
· CFR is fundamentally a time-bound framework which has been set up in such a way that it does not affect the business or risk taking ability of a bank. The Central Bureau of Investigation (CBI) and the Central Economic Intelligence Bureau (CEIB) will also be sharing their databases with the banks to make it more well-connected.
· The RBI has asked the banks to make their employees more alert to the risks of fraud and detect EWS more efficiently. These signs have to be quickly reported to the Fraud Monitoring Group or any other similar entity created by the bank for the same purpose.
· The RBI said that in the period before the loan sanction is authorized, the risk management group or any other similar body may gather independent information on the potential borrower(s) as it would be very useful as an input.
· According to the RBI, the penal provisions that are applicable to wilful defaulter will also apply to the fraudulent borrower(s) as well as the promoter director(s) as far as raising funds from the banking system is concerned.
How will it work?
· The list of these EWS includes signs like unpaid loans to a multitude of banks, bouncing cheques, tax or excise raids and continuous change in the range of the project to be undertaken. Electronic payments of high value to unrelated parties has also been made part of EWS.
· Another feature would be the Red Flagged Account (RFA), which would also be an important step in fraud risk control.
· An RFA is essentially an account where the suspicion of any fraudulent activity is detected by showing one or multiple EWS. The presence of these signs in any loan account would immediately alert the bank about a malicious activity which might eventually turn out to be fraudulent.
· As a precaution, all accounts with loans of more than INR 50 crore and labeled as RFAs will be reported back to the central repository of information of RBI on large amounts of credits, and will also be reported to the chief of the bank.
· To make sure that the protocols of this regime are followed properly, officials who fail to report these EWS or report late will be held responsible.
· If a loan account gets red flagged, no additional facility will be given to the applicant and the account will be closely monitored. In case the borrower defaults, s/he can be blacklisted and debarred from availing any loan for any bank or NBFC.
· Once the whole system and the guidelines are put in place, new loan borrowers will be investigated according to credit reports as well as their listing on the CFR.
· Once a loan is approved, the bank will continuously monitor it for any possible EWS.
This topic is particularly very important for the questions pertaining to the RBI and its policies, and therefore it is crucial to understand the basic idea behind the Central Fraud Registry. If you are able to grasp these elementary points, you will be able to attempt questions on this topic with greater ease.
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or aap jo b answer do vo hr maths/reasng dono ds k ly apply hoga no matter answer in both vary but we are obtaining xact value/data
IFSC-
This is a 11 digit code with the first 4 alpha characters representing the bank, the 5 th character is 0 (zero) and the last 6 characters representing the bank branch.
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https://drive.google.com/folderview?id=0B8sWGOfmKRildjRxR1BLaUVObUE&usp=sharing
exapnd-UCO bank -united commercial bank
7 sister states of india
Arunachal pradesh, assam,nagaland,manipur,meghalaya,tripura,mizoram
anyone???? I want the previous paper of ibps po main i.e 2014 paper?? please provide me the link
Anyone having center on Delhi-Hapur Road?
asian devlpmnt bnk HQ?
A MAN WALKED AT 5KM/HR HE REACHES 10MINS LATE WHEN WALKING AT 6 KM/HR HE REACHES 15 MINS BEFORE THE ACTUAL TIME THEN DISTANCE
NEED SHORTCUT OT SOLVE
bank for international settlemnts Hq?
what is Star,Ring , Bus , Mesh, Mixed topology ? what are the differences among ths 5 topologies ?
Which of the following was an early desktop operating system that included an integrated graphic user interface with point – and click features? a) MS DOS b) Mac OS c) Unix d) Gnome e) None of these. OB
- d
- c
- b
- a
- e
0 voters
Gift Tax : Persons receive gifts in cash (or) kind, will have to pay tax with value exceeds Rs.
50,000/- comes into force from 01-01-2009. Does not apply to gifts received either from relatives or
in marriage
how many questions can we expect from static g.k(not banking)