RBI Grade B 2019 Notification – Admit card Released for Phase I Exam

RBI RBI Grade B
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Highlights of economic survey 2018-19

*Survey sees FY20 GDP growth at 7%, higher growth on stables macros.

* India needs to grow at 8% per year to be $5 trillion economy by FY25.

* Survey suggests diplomatic type privileges, naming roads for top taxpayers

* It recommends a renewed focus on pushing up exports.

*Govt should foster the growth of large firms instead of focusing on smaller firms.

* Use public data to revolutionise development in the country.

*Looking beyond the economics of equilibrium, survey makes case for investment-driven “virtuous cycle” to sustain growth at 8%.

* Investment the "key driver" of simultaneous growth in demand, jobs, exports & productivity

* Green shoots in investment activity seems to taking hold.

* Rural wage growth started increasing since mid-2018.

* Political stability should push the animal spirits of economy.

* Poor enforcement of contracts and dispute resolution is a big hurdle. Faster legal process should be top priority.

* Savings & growth are positively co-related. Savings must increase more than investment.

* Constant recalibration based on real time data. Data must be created as a public good “of the people, by the people, for the people.

* Survey argues that nudging behaviour change is simplest way to solve many social issues.

* Top policymakers must ensure actions are predictable. Policymaking needs: 1. Clear Vision 2. Strategic blueprint 3. Tactical tools for constant recalibration

* Success of MGNREGS shows govt schemes can make a difference on the ground with skilful use of technology

* A minimum wage policy for bottom rung of wage earners to drive up demand and strengthening the middle class.

* Indian MSMEs need to be freed from shackles that convert them into dwarfs. MSMEs need to be seen as a source of innovation, growth and job creation.

* Policy should enable MSMEs to grow, create greater profits for their owners and contribute to job creation and productivity in the economy .

* India needs to increase per capita energy consumption to raise real per capita GDP by US$ 5000 and improve its HDI ranking.

* The Survey is inspired by Gandhiji's Talisman: “…Recall the face of the poorest man [woman], and ask yourself, if the step you contemplate is going to be of any use to him [her].

* India will enjoy the “demographic dividend” phase in the next two decades but some states will start transitioning to an ageing society by the 2030s.

* India moving forward from Swachch Bharat to Swasth and Sundar Bharat.

* The Survey visualises creating a Detroit for Electric Vehicles in India.

*Ease labour laws to spur job growth.

* The Survey seeks reform in lower judiciary

* Govt stands by the fiscal consolidation path.

* Jan-March economic slowdown due to poll related related activity.

* Greenshoots in investment seems to be taking hold.

* NBFC stress reason for FY19 slowdown.

* Decline in NPAs should push up CAPEX cycle.

* General fiscal deficit seen at 5.8% in FY19 VS 6.4% in FY18.

* Investment rate seen higher in FY20 on improved demand.

* Oil prices seen declining in FY20.

*Accomodative MPC policy to help cut real lending rates.


www.facebook.com/groups/rbi.grade.b.prelim.main


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#RBI GA 2019

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 Anyone having Edutap grade B course wants to share my IAS BABA ILP 2020 course, so that we could use both!

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#RBI GA

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Hii friends

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Any update on the notification?

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Key Announcements Of Union Budget 2019-20:
  • PAN and Aadhaar will become interchangeable. One can use your Aadhaar number to file I-T Returns soon
  • Rs 5 lakh minimum limit announced for taxpayers.
  • 3% surcharge hike on an income of Rs 2 crore and 7% on Rs 5 crore and above
  • Corporate tax with turnover of up to Rs 400 crore slashed to 25 per cent from a current rate of 30 per cent
  • MDR charges waived on cashless payment
  • Fiscal deficit in FY 19 at 3.3% of the GDP
  • GST rate on electric vehicles lowered to 5%
  • Nari tu Narayani: Women SHG Interest Subvention Programme to be expanded to all districts in India
  • Rs 1 lakh loan to be provided for SHG women members under Mudra Scheme
  • Additional income tax deduction of Rs 1.5 lakh on interest on loans taken to purchase electric vehicles
  • Additional deduction of Rs 5 lakh on loans up to March 31 2020 for buying affordable houses, giving Rs 7 lakh benefit to home buyers.
  • To provide Aadhaar cards for NRIs with Indian passports, after their arrival in India, with no waiting period.
  • Rs 20 coin coming up
  • Regulation of HFCs (Housing Finance Cos) to move to RBI from National Housing Bank
  • Excise duty on fuel hiked by Rs 1
  • To resolve the angel tax issue, startups will not be subject to any scrutiny in respect to valuation. Funds raised by startups will not require any scrutiny by the I-T department.
  • TDS of 2% on cash withdrawals exceeding Rs 1 crore in a year from bank accounts, to discourage business payments in cash.
  • Period of exemption for capital gains arising from sale of house for investment in startups to be extended to March 31, 2021
  • Rs 70,000 crore in recapitalisation for public sector banks
  • Rs 1.05 lakh crore disinvestment target for the year.
  • TV channel to be launched for promoting startups and to help matchmaking for funds
  • Rs 50 lakh crores proposed for Railway infrastructure
  • By 2022, the 75th year of Independence, every single rural family, except those who are unwilling to take the connection, will have electricity and clean cooking facility
  • The pension benefit will be extended to 3 crore retail traders under PM Karam Yogi Maan Dhan Scheme. It requires only Aadhaar numbers and bank accounts
  • Rs 1 crore worth of loans proposed to MSMEs
  • 2% interest subvention for GST-registered MSME on fresh or incremental loans
  • Investment by FIIs and FDIs in debt securities in infrastructure debt funds to be allowed. Minimum public shareholding in listed companies can be increased from 25% to 35%
  • Global Investors Meet to happen in India 
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Any idea about this?

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#rbi GK

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 an insider source told that he called rbisb and they told him the notification this year may not come. In exact words of rbisb guy "atak gya hai iss saal ka". So this may mean either a delayed notification or no notification this year. And i am not trying to spread rumours but i am myself a part of the closed group of last yr aspirants who reached interviews. tats how i got this info. Now it wud be my last attempt this yr so it becomes even more imp for me that it comes. But if the news is to go by it looks gloomy fr this yr.  

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U.K. Sinha Committee on MSME’s Economic and Financial Sustainability

A Reserve Bank of India (RBI) committee has suggested a ₹5,000 crore stressed asset fund for domestic micro, small and medium enterprises (MSMEs) in relief to small businesses hurt by demonetization, the goods, and services tax and an ongoing liquidity crunch.

  • The committee to study the problems faced by MSMEs was chaired by U.K. Sinha, former chairman of the Securities and Exchange Board of India.
  • The RBI had constituted the committee in January to review the current framework for MSMEs and suggest long-term solutions for their economic and financial sustainability.
  • Distressed asset fund structured to assist units in clusters where a change in the external environment, e.g. a ban on plastics or ‘dumping’ has led to a large number of MSMEs becoming non-performing assets (NPAs).

Other important recommendation

  • The panel said that instead of making MSMEs register with various authorities, the permanent account number (PAN) should be made sufficient for most of their activities.
  • It recommended an amendment to the MSMED Act, 2006, requiring all MSMEs to mandatorily upload all their invoices above an amount to be specified by the government, from time to time. This mechanism will entail automatic display of names of defaulting buyers, and also act as moral suasion on buyers to release payments to these suppliers
    The report pointed out that small industries faced problems of delayed payments and were reluctant to enforce legal provisions available to them under the MSMED Act due to their low bargaining power.
  • The private sector should be incentivized by tax breaks or bonds to help MSMEs build skill sets in areas like product development, technology adoption, and marketing strategy.
    The private sector’s contribution to the segment, the committee noted, was minuscule, but the research and development facilities they possessed could be of enormous value.
  • The committee suggested that the PSBLoansIn59Minutes Portal should also cater to new entrepreneurs, who might not necessarily possess information, including GSTIN, income-tax returns, and bank statement.
  • On restructuring MSME accounts that have turned sour, the committee said an MSME account could be considered for an upgrade to “standard” after six months of satisfactory operation, instead of the current norm of one year. The account must also have additional equity in the business or a new source of cash flow.
    The RBI had announced a one-time restructuring scheme for MSMEaccounts in January, but the scheme is basically for accounts that are still standing.
  • The committee has also recommended banks that wish to specialize in MSME lending, their sub-targets for farm loans under the priority sector lender could be waived off and instead can be given a target for loans to the SME sector.
    The targets, the committee said, could be of 50% of the net bank credit for universal banks and 80% for small finance banks.
    At present, the overall priority sector lending target for a universal bank is 40% of their net bank credit and 75% for small finance bank.
  • Commercial banks have been suggested that they should develop customized products to assess the financing requirements based on expected cash flows moving away from traditional forms of assessment.
  • The committee recommends expanding the role of SIDBI, the apex body responsible for the development of the MSME sector.
    SIDBI should deepen credit markets for MSMEs in underserved districts and regions by handholding private lenders such as non-banking financial companies (NBFCs) and microfinance institutions (MFIs).
    Further, they must develop additional instruments for debt and equity, which would help crystallize new sources of funding for MSMEs and MSME lenders.
  • The committee has recommended a government-sponsored ‘fund of funds’ of Rs 10,000 crore to support the venture capital and private equity firms investing in the MSME sector on modified term sheets developed by SIDBI.

Other suggestions of the committee include;

  • Introduction of adjusted priority sector lending (PSL) guidelines for banks to specialize in lending to a specific sector.
  • Doubling the collateral-free loan limit to Rs 20 lakh.
  • Revision in loan limit sanctioned under MUDRA by the Finance Ministry to ₹20 lakh from ₹10 lakh.
  • Providing insurance coverage to MSME employees by the government.
  •  https://www.facebook.com/groups/rbi.grade.b.prelim.main/ 
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Download Syllabus for CTET: https://www.sarkariservices.com/ctet-syllabus-2019-2020-download-cbse-ctet-written-exam-pattern-scheme/

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Anyone wants to purchase Edtap's RBI grade b course on sharing basis plz dm me. Will be a group of 2-3 people at max. 

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 I think that bcz of recent  structural changes in rbi...like more nbfc control, and housing finance control under rbi...... notification is  getting delayed bcz may be they themselves are first organizing things and vacancies  would be determined accordingly....sooo.....it could be a possible reason 

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#RBI GA 2019

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what does your intuition says

  • it will come soon
  • won’t come
  • not soon but definitely this year it will come

0 voters

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guys i need ur help.. i had worked in an mnc for six months and was on probation.After resigning i did pay bond amount and got relieving letter...but did not declare it in govt bank attestation form while DV..will it create a problem when the bank tries to create new pf account and uan? plz suggest...i have to join from Monday

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 the dark night bhai - tum to mere kumbh ke bichde bhai nazar aate ho. maine bhi sbi chhod diya tang aa ke. lekin ghar baith ke pata chala ki jobless hone kitna painful hai. ghar baith ke makhiyan mar raha hoon. isse acha to sbi hi tha. worst feeling joblessness. nothing to do. ab samjh nahi aa rha kya karoon. lagta hai ibps po hi dena padega. 

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Revival of economy from slowdown...IMPORTANT For Rbi Gr B Exam 2019 As per the estimates available from Central Statistics Office, Growth of Gross Domestic Product (GDP) at constant prices was 6.8 per cent in 2018-19, lower as compared to 7.2 per cent in 2017-18. However, the growth of investment picked up along with higher capacity utilization in manufacturing sector and higher growth of private consumption in 2018-19. The growth in fixed investment picked up from 9.3 per cent in 2017-18 to 10.0 per cent in 2018-19. The 44th round of the Order Books, Inventories and Capacity Utilisation Survey conducted by Reserve Bank of India, shows a gradual improvement with higher capacity utilization in the manufacturing sector in first three quarters of 2018-19 (the latest data available), as compared to corresponding quarters of previous year. The growth of private final consumption expenditure was 8.1 per cent in 2018-19, as compared to 7.4 per cent in 2017-18. The production growth in manufacturing sector as measured by growth of index of industrial production (IIP) - manufacturing, however, slowed down to 3.5 per cent in 2018-19 from 4.6 per cent in 2017-18. Data from Employee Provident Fund Organization indicates increase in the net employment generation in the formal sector from 4.86 lakh in February 2018 to 10.43 lakh in April 2019. The Periodic Labour Force Survey (PLFS) report estimates the unemployment rate in India at 6.1 per cent as per usual status basis and 8.9 per cent as per current weekly status basis in 2017-18. However, PLFS unemployment rates cannot be compared to the unemployment rates estimated in reports of previous years, as such reports are not comparable to PLFS report in terms of the methodology used in estimating the unemployment rates. Various Proposals/ representations/ suggestions relating to the amendments in tax laws are examined at the time of the preparation of the Finance Bill and the outcome of the same is reflected in the Finance Bill tabled before the Parliament. Economic growth is high on the agenda of the Government. Various reforms are being undertaken by the Government in many spheres to improve GDP growth. The key reforms in Government’s new term include expansion to all farmers the cash transfer scheme “PM-Kisan” providing an income support of Rs.6000/- per year, which was earlier limited to farmers with a land holding of less than 2 hectares. Along with this, Government has also launched voluntary pension scheme for small and marginal farmers and small shopkeepers or retail traders. Further to give focused attention to issues of growth, the Government has constituted a five-member cabinet committee on investment and growth chaired by Hon’ble Prime Minister. Earlier measures taken by the Government for growth promotion, inter-alia, include historic support and outreach programme for the Micro, Small and Medium Enterprises (MSME) sector, expansion and facilitation of MSMEs across the country, liberalization of FDI policy and introduction of the Goods and Services Tax. The Government aims at creating a conducive environment for manufacturing sector by streamlining the existing regulations and processes. ‘Make in India’ programme has been launched which aims at making India a global hub for manufacturing, research & innovation and an integral part of the global supply chain. Several steps to boost domestic manufacturing are being taken as part of schemes such as ‘Startup India’, ‘Ease of Doing Business’, Business Reform Action Plan, Intellectual Property Rights (IPR) policy etc. MORE FREE UPDATES AT https://www.facebook.com/rbigradebcoachingbydassir/

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Kab aa rhe bhai log notification??? G-B