hey finally sum1 frm GD-104..... my snap score is 63... hows ur GD prepn going.....
HEY whats up!!!!!! to tell u the truth i really dont know what to do for the interview!!!!! cant figure out waht to brush up on and what to leave!!!!!! getting really pissed abt the whole thing!!!!!! what abt u..... u brushing up on any thing in specific????????:satisfie:
Ppl plz tell me who is the current planning commission chairman? Is he not Dr. Manmohan Singh?I gave the same ans at the mock P.I but the interviewer asked me whether he is still the chairman?I said yes but he gave me a smile.I also used google to find out but I find it as Manmohan i.e the same ans which I gave. (Then why did the interviewer smile!!!!!)
Well the ex offico chairman is the prime minister of India .but acting for Dr manmohan singh we have Dr montek singh alhuwalia ,looking after the policy decisions
Hey people!!!!!! its me again!!!!! have this question!!!!! what the F%$& are SWIFT accounts...... and what is the current FDI limit for insurance and banking sectors!!!!! also what are the BASEL negotiations!!!!! got these from my TIME director here!!!!!! so need some help with it...... if anyone knows abt some good site where u can get crap like this just post it pls
Heyy guys i think smthng wrong with my comp or server dunno but have to log in at least 3 times before am able to post any single word!!! secondly NEVER does it show me the Qreply button.....thirdly even if i am showing as Online it asks me to login before posting a reply !!! Whoaaaa ??:
okay will deal with it later... Now there's GoI website http://planningcommission.nic.in/ verified Chairman - Dr. ManMohan Singh (PM of India) Deputy Chairman - Montek Singh Ahluwalia.... Speculations on for MS Ahluwalia's goin to UN but acc to Indian govs website (if up to date) he's always been Deputy....so be it.....
About FDIs in various sector Hotel and Tourism - 100% Private sector Banking - 49% (Pvt sector means houseloans, investment bankng, VC etc) Insurance sector - 26% Telecommunication - 49% Power - 100% Drugs n Pharma - 100% Roads highway ports harbour - 100% BPO n Call centers - 100% Whats really reqd here is not the no's but the whys of it..... Its good if u brush up needs of FDIs pros cons n The recent Airports privitisation deal on for Delhi mumbai airports ....
regarding the word portrait....yar i am trying to figure out the need for it.....so do they wanna kinda have a psychometric analysis done here.... hey there's saurabh in IT faculty SIMS the senior who keeps visiting why dont we take his help ....anyone in pune knows his no???
Special Report on Credit & Monetary Policy The Reserve Bank of India raised its reverse repo rate by 25 basis points to 5% and cautioned there was no room for complacency on inflation. While rising global crude oil prices have been a concern as far as inflation is concerned, the high foreign exchange reserves that Reserve Bank held and the high food stocks provided a cushion in tackling inflation. The reverse repo rate had also been raised to manage liquidity better and to prevent the excess liquidity from fuelling speculation. It will also prevent excess liquidity, which will tone down the aggressive loan delivery in the system and prevent deterioration in loan quality. However, it signals the general upward direction of interest rates and banks would increasingly need to be more vigilant of the quality of their loan assets, particularly during this current period of strong credit growth amid an environment of rate hardening. The hike in the reverse repo rateeffective from Fridayis the second since late October. Since October last year, the RBI changed the nomenclature for repos and reverse repos under the liquidity adjustment facility. Since then, it absorbs liquidity through reverse repos and injects liquidity through repos. In the annual policy statement for 2005-06 (April-March) presented, Governor Y.V. Reddy projected an impressive-yet-flat economic growth of 7% for the year. Key Figures Reverse Repo Rate Hiked by 25 bps, stands at 5% Repo Rate Unchanged at 6% Bank Rate Unchanged at 6% CRR Unchanged at 5% Inflation FY06E 5-5.5% GDP FY06 Target 7% Interest rate stance: The RBI statement pointed out the interest rate cycle has reversed since the lows observed in 2003-04. Its monetary policy stance is unchanged from what was spelt out in the review of the 2004-05 policy in October. The RBIs stance for 2005-06 continues to be:
Provision of appropriate liquidity to meet credit growth,
Support investments and exports while placing an equal emphasis on price stability.
To pursue interest rate environment conducive to macro economic and price stability,
Maintaining the momentum of economic growth. To consider measures in a calibrated manner to respond to evolving circumstances with a view to stabilizing inflationary expectations.
Inflation Projections: The key feature of the statement today is the continued caution on inflation. The statement warned inflation could turn adverse in the short run. The RBI policy projected a 5.0-5.5% point-to-point inflation for 2005-06 but said this estimate was subject to growing uncertainties over international price of crude oil. It is desirable to contain inflationary pressures to stabilise domestic financing conditions for both the government and the private sector. CRR: CRR was kept unchanged this time. Last time, two-stage hike of total 50 basis points was announced on September 11, 2004 following a review of liquidity conditions. From September 18, it had also cut the interest it pays on banks eligible cash balances under CRR to 3.5% from 6.0%. RBI reiterated its medium-term objective to reduce CRR to 3%. Bank Rate Bank rate had also been kept untouched which is at the lowest since independence. The last time the Bank Rate was cut was on April 29, 2003, when it was reduced from 6.25% to 6.00%. Money supply The RBI said money supply growth for 2005-06 is estimated at 14.5%. Bank deposits could rise by 15% year on year, while banks accommodation to the private sectorvia loans and investmentscould rise 19%. It said that it could manage the increased borrowing needs of the government and the corporate sector. It said it will actively manage liquidity and it would ensure appropriate liquidity through unwinding of government papers locked in the Market Stabilisation Scheme. The RBI said in view of the normal monsoon predicted by the Indian Meteorological Department, the farm sector could grow by 3.00% in 2005-06. The industrial and services sector could maintain their current growth momentum. RBI said the real GDP growth is expected to be 7.00% against 6.9% estimated but added rising oil prices could play spoilsport. Outlook: It is a very forward-looking policy. Several steps have been initiated to strengthen and deepen the government securities market in terms of the settlement process, restructuring of PD (primary dealers) business, making call market screen-based. Further there will be four quarterly reviews, which will enable RBI to communicate with market participants more often.
Ohhh n one more thingy there's google annnnytime annnnyone has trouble regarding a topic ....i mean of course pagals will remain helpfu....butttt a big picture and detailed one can always be provided at google AND answer.com a wonderful website where I find any topic of the world.....just write it clearly what ever u lukin for......
And my peers-to-be-at-SIMS pleease remember to brush on the current topic of DAVOS-World economic forum....alrighto then
P.S.-XAT score card out ...Im terrified to chk will do tomo i guess.....
DAVOS World Economic Forum India Inc on Wednesday launched its biggest ever campaign to tell the world that the country, with its vibrant democracy, strong economy and cultural diversity, has arrived on the global economic scene. The 'India Everywhere' campaign, costing about Rs 17 crore, will project India at the ongoing annual meeting of the World Economic Forum as a country with strong growth potential and opportunities for foreign investors. To explain why the campaign was being launched, more than half-a-dozen top Indian businessmen were engaged in an interaction with a cross-section of the international media. Those who represented India Inc included Rahul Bajaj, chairman of Bajaj Auto, YC Deveshwar, chairman of ITC and president of the Confederation of Indian Industry, Nandan Nilekani, CEO, president and managing director of Infosys, Baba Kalyani, chairman and managing director of Bharat Forge, KV Kamath, managing director and CEO of ICICI Bank, Jamshyd N Godrej, chairman and managing director of Godrej & Boyce Manufacturing Company, Ajit Gulabchand, chairman of Hindustan Construction, Malvinder Mohan Singh, president-pharmaceuticals of Ranbaxy Laboratories and Nikhil Meswani, executive director of Reliance Industries. The exercise was kicked off by Bajaj who said India was growing at a rate of 7 percent. India could do with better infrastructure, less red tape and labour reforms. But, in spite of these problems, the growth momentum of the Indian economy was on the rise, he said. Deveshwar said one of India's biggest opportunities was to convert its huge rural population into a market that could be tapped by businesses. As the second largest recipient of private equity in Asia, India had proved to the world that it had the depth of entrepreneurship to exploit business opportunities, he added. Nilekani, who steered the 'India Everywhere' campaign, said it was an example of public-private partnership as the ministry of tourism and the Indian corporate sector had collaborated in this venture. For him, raising the awareness about India as a brand, driving more foreign investment into India and increasing India's tourism will be the three goals that he will like to achieve through the 'India Everywhere' campaign. Kalyani, who made several overseas acquisitions, including one in China, was confident of the fundamental change that had taken place in Indian companies' mindset. He cited technology and skilled manpower as the key areas of strength for the Indian industry. Kamath referred to the knowledge revolution in India which, combined with a consumer boom, had brought India back on the global scene. The next challenge, Kamath said, was to convert rural India, with 600 million population, as a viable market. The inevitable comparison of India with China also came up for discussion. There were differing views on this. While Kalyani said Indian companies had, by now, neutralized their cost disadvantages vis--vis China, Malvinder M. Singh said India and China were coming closer to each other, which was a positive development. Gulabchand pointed out that the key difference between India and China was infrastructure, but he hoped that India would catch up on that in the next 10 years. another topic in offing
SWIFT accounts r used in internaitonal monry transfer .....its basically a message transfer tht takes place between these accounts ..the message being details of the credit account
As far as My knowledge tells me its still Dr. Manmohan Singh.......so you should have been correct......however, the interviewer could be just making sure that you are sure about the answer or maybe he had his facts wrong.....;)........so you just relax cz afterall you were correct....rest leave all to luck..............
Its Montek Singh Ahluwalia........usually its always the PM...this time it ain't.
Advice to all......do bring up how army life has helped u. Frequent postings....adaptability....new friends - networking....better communication skills.
If u dont want to be asked stuff regarding ur aceds.....In ur general intro abt urself....speak of ur interests and stuff........give them leads. Usually the panel asks stuff abt acads....when the interview is going no where and there is nothing more to ask. Mention u like to read....they'll ask u what? Be sure to know the headlines on the day of the interview. The last book u've read. And when they say 'anything else u want to say?'...this is the time to impress them if any of ur strengths havent been covered or u can ask them a few questions abt their institute etc etc. Always be confident....even if ur snap score is 53 and ur the last person to have gotten thro'. Confidence at the end of the day is the difference.
Also manisha our GD is on 11th and grp no is 106 .Timings r 12.45 to 6 .
Regards,
Rocky
thanks mate
can aany one post more case studies? something on inflation
RBI tightens up to thwart inflation
Dr. Y.V. Reddy and his policy maker colleagues at the Reserve Bank of India (RBI) sprang a big surprise by raising the short-term rates by 25 basis points, citing fears of a possible acceleration in inflation in future amid a fast growing economy. India's fourth rate increase in 15 months took the reverse repo rate, at which the RBI absorbs funds, to 5.5%; it's highest in nearly three years. The RBI kept the Bank Rate, used to price longer term loans, at a three-decade-low of 6% and the cash reserve ratio for banks was also maintained at 5% of net liabilities. "The effort of the policy is to try and maintain the growth momentum while avoiding excess credit in the system and inflation expectations," RBI governor Dr. Reddy said. Bond prices fell sharply as the announcement surprised traders while the rupee rallied against the dollar from 44.24 before the announcement to 44.12. Most economists were of the view that with inflation well under the central bank's annual target and given the already tight liquidity situation, the RBI would not opt for another rate hike. But, concerns about astronomical rise in prices of assets such as real estate, bullion and equity coupled with the incomplete pass-through of high international oil prices prompted the central bank to pre-empt any flare-up in inflation. Demand is picking up fast and responding in a timely and pre-emptive manner is important to prevent inflation spirals and asset price bubbles, the central bank said. The RBI Governor's boss and Finance Minister P. Chidambaram appeared to be as stunned as the market. He said that Dr. Reddy wants to be ahead of the curve and that the rate hike could be reversed if things stabilised. RBI Deputy Governor Rakesh Mohan agreed that the rise could indeed be unwound if conditions altered. "It depends upon unfolding circumstances. It is always possible if the macro economic situation changes," he said. Relentless expansion in credit growth amid rapidly rising domestic demand was the most critical factor in convincing the RBI that a situation of overheating was building up in the economy. As if to provide evidence of its worries about accelerated growth and its fallout on inflation, the central bank lifted its FY06 GDP forecast yet again to 7.5-8% from 7-7.5% earlier. India's economy grew 8.1% in the first half of FY06. Domestic demand has seen credit expand more than an annual 30% and money supply is growing at 16%. Inflation, based on the Wholesale Price Index (WPI), was at 4.40% in the week ended January 14. However, some experts say inflation would have been higher if double-digit increase in salaries and the booming urban property prices are taken into account. Another reason for the unexpected tightening was a relatively resilient global economy and high oil prices. The RBI cited a growing trend among central banks across the world to remove the accommodative stance on interest rates, even though the Federal Reserve in the US has hinted at being close to ending its one-and-a-half-year rate hike campaign. Taken aback, many experts questioned the move to up the reverse repo and repo rates by 25 basis points, citing the already tight liquidity and the need to keep the growth momentum going. Low interest rates are crucial for sustaining higher GDP growth. And, India with well over a quarter of its population living below the poverty line needs to lift the growth rate to double-digit figure, to bring into the economic mainstream. How much of an adverse impact the rate hike has on the GDP growth is anybody's guess. But one thing is sure that the RBI has chosen to be safe now than be sorry later if inflation does indeed start spiraling out of control.
HEY whats up!!!!!! to tell u the truth i really dont know what to do for the interview!!!!! cant figure out waht to brush up on and what to leave!!!!!! getting really pissed abt the whole thing!!!!!! what abt u..... u brushing up on any thing in specific????????:satisfie:
hi... well nothing specific though... registered with time... how about u? hey im reeeeeeealy worried about GD.. my prepn isnt that great... what if i dont know anything at all.... but im sure glad to find sum1 frm my group..... well i must say the topics that are coming up on this forum is really good... thanx to raghav...... so we must make an earnest effort to brush up these concept...... also dont forget to brush up ur graduation stream fundas.... do keep posting ur views... and dont worry all of us are in the same boat....
HEY FOLKS.... good to have so many frnds now in this thread... thanks akshay ,rocky....for all the good info... cudos to raghav for such great knowledge stuff...keep it up..!!
ALL THOSE HAVING THEIR GD/PI s COMIN UP...... "Give your BEST..and get the BEST...!!" :bigups: take care... keep writing...!!
Dear pagals I don't like to read newspapers but some of the big events which happened in 2005 & that we are supposed to know of are given below-
Sania was in news so was Ganguly Earthquake in Kashmir& Pakistan Bomb blast in Delhi London bombings Imrana case Discovery mission Abuse of Iraqi prisoners The infamous Advani's remark on Jinnah(Ha ha poor guy) Of late the Bofors scam which surfaced again :neutral: what else guys ............!!! what else do you ppl remember...? Just think....!!!! :crazyeye: Just post whatever you remember .It will help all of us.If necessary we can also discuss it.
HONG KONG, DEC 13: India staged a coup on the opening day of the sixth ministerial meeting of the World Trade Organisation (WTO) here, getting together a band of nine countries to put up a joint fight for their right to undertake "proportionally lower reduction commitments" in industrial tariffs compared to their developed counterparts. The new nine-member group on non-agricultural market access (Nama) is an indication that developing nations are preparing for a long-drawn fight for special treatment. The group includes India, Brazil, Indonesia, South Africa, Phillipines, Venezuela, Namibia and Egypt. All except Namibia are also part of the G-20 group on agriculture issues. The move is in response to the offensive approach of the EU and the US which have steadfastly refused to allow developing countries special treatment while deciding on the structure of the tariff reduction formula. There has been a big confusion on what the reduction formula for tariffs should look like with members assigning various values to the reduction coefficient (the greater the value, the lower the reduction commitment). While a number of developing countries are pushing for high reduction coefficients for themselves, the EU and the US are not agreeable. In warm-up meetings on the eve of the ministerial, India changed its stance, stating that it did not care what formula was used as long as developing countries were allowed to cut tariffs at two-thirds the level accepted by the developed countries. In a letter to the conference chairman John Tsang, the group said the principles of less than full reciprocity in reduction commitments by developing nations and special and differential treatment were agreed to in the Doha mandate and remain central to the Nama negotiations. Other demands include removal of tariff peaks, high tariffs & tariff escalations as well as non-tariff barriers by developed countries, agreement on para 8 of the framework agreement on Nama as a stand alone provision and calibrating the Nama outcome with the ambition achieved in other market access negotiation.
Why the Iraq scam report is so explosive? The Volcker report, which made public details of an elaborate scam devised by the Saddam Hussein regime, has sent shockwaves throughout the world. From Germany, France England to Russia, India and Australia, the report by the Independent Inquiry Committee headed by Paul A Volcker names almost 2,400 firms and individuals who paid the Saddam regime money under the guise of the United Nations' Oil for food Programme. If you are wondering just what the scam is and why the report is so damning, read on: When was the Independent Inquiry Committee set up? UN Secretary General Kofi Annan appointed the Committee on April 21, 2004, to investigate allegations of corruption in the Oil for Food Programme. Allegations had sprung up in various publications, including Baghdad's al-Mada newspaper, which published names of 270 individuals and companies. Who were on the Committee? Paul A Volcker, former chairman of US Federal Reserve, headed the Committee, which also included South Africa's Justice Richard Goldstone and Switzerland's Mark Pieth, chairman of the Working Group on Bribery in International Transactions at the Organisation for Economic Cooperation and Development. What did the Committee find? The Committee found that Saddam's regime had devised a scheme to fox the UN and pilfer money for itself from the Oil for Food Programme. Volcker's Committee named the firms who had paid Saddam's regime money knowingly and unknowingly as part of the humanitarian UN Programme. The number of firms who had paid Saddam was more than half the number of firms that had dealings with Iraq under the programme. What was the Oil for Food Programme? After Iraq invaded neighbouring Kuwait in 1990, the UN imposed economic sanctions on the country. In the face of a global appeal to save the people of Iraq from bearing the brunt of the sanctions on its dictatorial regime, the UN started the Oil for Food Programme in December 1996. Under the Programme, Iraq could sell its oil at UN-prescribed prices in exchange of humanitarian goods. Under the Programme, Iraq sold $64.2 billion worth of oil to 248 companies and 3,614 firms sold $34.5 billion worth of humanitarian goods to Baghdad. The programme ended in 2003. How did Saddam fool the UN? Baghdad was allowed the power of choosing who it sold the oil to, a loophole which the Saddam regime exploited to garner $1.8 billion for itself. The dictator gifted oil vouchers to supporters across the globe. Beneficiaries also included vocal anti-sanctions politicians. The vouchers could be sold to companies at higher prices, a part of which found its way into Iraqi accounts. In the invoices for the oil sales that were presented to the UN, the illegal payments were disguised as 'after-sales service fees' or 'inland transportation fees'. Did all companies and individuals pay Saddam knowingly? The Volcker report says some companies that were dealing through agents and middlemen might not have known they were bribing the Saddam regime. In the case of individuals, however, there was no such unknowing bribing. Which companies paid Saddam? The list of nearly 2,400 firms that paid up to Saddam knowingly or unknowingly reads like a who's who of global business. It includes British pharma giant GlaxoSmithKline, Germany's automobile behemoth DaimlerChrylser, Swedish carmaker Volvo, German engineering company Siemens and the Australian Wheat Board. One hundred and twenty nine Indian firms -- including Ajanta Pharma, Alembic Chemicals, Godrej Boyce, Kirloskar Brothers, Tata International and V N Enterprises are also mentioned in the report. The Committee asked all the companies in the list to explain the payments. Virtually none of the Indian firms replied, says the Volcker report. Who are the politicians named in the report? A number of politicians figure in the report as beneficiaries of Saddam Hussein's largesse. They include Vladimir Zhirinovsky, head of the Liberal Democratic Party in Russia, former French interior minister Charles Pasqua, French UN Ambassador Jean-Bernard Merimee, British member of Parliament George Galloway and Indian External Affairs Minister Natwar Singh. How do politicians fit in the scheme of the scam? The Volcker report says Iraq 'selected oil recipients in order to influence foreign policy and international public opinion in its favour.' Thus the oil vouchers went to prominent pro-Iraq global voices, who the report classifies as 'non-contractual beneficiaries'. These 'non-contractual beneficiaries', in turn, sold the vouchers to oil companies who bought oil at UN-prescribed low prices. Who are the 'non-contractual beneficiaries' from India? Jammu and Kashmir Panther's Party leader Bhim Singh, the Congress party, Reliance and Natwar Singh are the four 'non-contractual beneficiaries' from India named in the Volcker report. The report says Natwar Singh and the Congress party sold their oil vouchers to a Swiss oil trading company, Masefield AG. What has been the global reaction to the report? Most of the companies named have said they had no knowledge that their money was going to Saddam's regime an argument which the report concedes as possible. The individuals and organisations named as non-contractual beneficiaries have questioned the evidence and demanded that Volcker's Independent Inquiry Committee reveal its sources. Some have also alleged that the report is a witch-hunt for critics of the Iraq war.
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