Which is the best test series for RBI Grade B??
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I am creating a WA group for RBI Grade b 2019. All of us can pool our resources and discuss topics and test series. This will be only for serious aspirants. Kindly DM me your number to join or add anyone.
#RBI GA
#RBI Grade B 2019
Hey Guys
This is a quiz I have prepared for the month of Jan 2019.
Kindly share your feed back so that I can improve from the next time
Essay topics for NABARD MAINS 2019:- dekhlo sab, mujhe toh sahi lage
any1 willing to take anuj or xambee material can ping me.
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#RBI GA
RBI GA
BUDGET ANALYSIS 2019-20
At the outset, while the FM has not changed corporate tax rates, the Budget proposes to extend the reduced corporate tax rates of 25% for Indian companies whose turnover is less than INR 4 billion, which would cover almost 99.3% of domestic companies. However, for individuals falling in the rich and super-rich category, the Budget proposes a higher surcharge on income tax resulting in the highest effective tax rate of between 38-42%. Increasing taxes through surcharges is not an appropriate way of increasing taxes, especially when surcharges which are introduced never get removed. The rates for the rich are amongst the highest in the world for developing countries and we will see increased movement of the rich and super rich out of the country.
From a foreign investor perspective, relaxations have been proposed to the investment norms in aviation, media, insurance, insurance intermediaries and single brand retail sectors. For incentivizing Foreign Portfolio Investors (FPI), the Budget proposes: (i) a deemed increase in the statutory limit for FPI investment in a company from 24% to the sectoral foreign investment limit; (ii) to permit FPIs to subscribe to listed debt securities issued by Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs); and (iii) to ease KYC norms for FPIs.
The Government appears to have recognized some of the issues pertaining to start-ups and they continue to benefit in this year’s proposals. To resolve the ‘angel tax’ issue on capital subscription, the Budget proposes that start-ups will not be subjected to any kind of scrutiny in respect of valuations of share premiums, if requisite declarations and tax filings are made. Other changes include: (i) the removal of angel tax on investment by Category II Alternative Investment Funds (AIFs) in start-ups; and (ii) extended roll-over benefits in respect of capital gains from the sale of residential property, if invested in an eligible start-up. On the softer side, the FM has also indicated that a television channel will be broadcast exclusively for the promotion of start-ups.
Another area where the Budget has tried to address concerns is in relation to Non-Banking Financial Companies (NBFCs), which have been under a lot of stress in the recent past. In order to facilitate securitization transactions by financially sound NBFCs with public sector banks, the Budget proposes a six-month partial credit guarantee for the first loss up to 10%. The requirement to create a Debenture Redemption Reserve for public debt issuances by NBFCs has also been dispensed with. Additional tax rationalization for NBFCs has been undertaken to put them on par with banks and allow for interest on bad or doubtful debts to be recognized in the year of receipt.
Interestingly, the FM has addressed certain conflicts in case of insurance and housing finance sector. The nodal regulator for housing finance companies will now be the Reserve Bank of India (RBI) instead of the existing regulator i.e., the National Housing Bank (NHB). In case of the National Pension System, separation of the National Pension Trust from the regulator, Pension Fund and Regulatory Authority (PFRDA), has been proposed.
The FM has also proposed a slew of changes to provide further thrust to financial services enterprises operating in International Financial Services Centres (IFSCs), such as GIFT City. These include (i) the expansion of exemptions on transfers of specified instruments by a non-resident through stock exchanges set up in IFSCs; (ii) exemption from tax on interest payable to a non-resident by units in IFSCs; and (iii) exemption from tax on distributions by companies and mutual funds in IFSCs.
The Budget proposes to extend buyback tax to listed companies. This seems to have been done to check the practice of listed companies resorting to buybacks of shares instead of payment of dividends. This would effectively limit the quantum of distributions that listed companies make in light of the tax inefficiencies and does not make any economic sense. One fails to understand why policy makers do not appreciate that imposing an effective tax of more than 42% on profits distributed to shareholders is counterproductive to reviving animal spirits in the economy.
In the interim budget presented earlier this year, an impetus was given to technological development, creation of digital infrastructure and digitization of governance. To this end, the Budget proposes to implement e-assessments in a phased manner in order to eliminate human intervention, which would lead to simplification and greater transparency. Specifically, the Budget proposes: (i) online application for nil / lower withholding certificate for payments made to non-residents; and (ii) electronic filing of statements in respect of payment of interest income. Another important facet of the Budget is the introduction of pre-filled tax returns to taxpayers with the objective of reducing time and increasing accuracy in tax filing. It will be interesting to see how these changes actually benefit the taxpayer in practice.
Another interesting takeaway from the Budget has been the Government’s increasing interest in environment protection measure which include incentivising the purchase and manufacture of e-vehicles, promote use of solar stoves and battery chargers in the country.
In summary, the Budget seems to give the picture that revenues for meeting expenditure are in place and hence there is no need to further widen the tax base. The tax measures proposed are limited to rationalization of existing provisions and providing a boost to certain targeted sectors. Whether the proposals will rekindle the flagging growth in the economy is something that will need to be seen in the coming months.
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WHAT SHOULD BE READ FROM THE ECONOMIC SURVEY?
The answer is really simple. Go through your ESI and FM syllabus and identify the topics which have a current/factual/data orientation and date pertaining to which can be found in the Survey.
The list of such topics is as follows:
Measurement of growth: National Income and per capita income Poverty Alleviation and Employment Generation in India Sustainable Development and Environmental issues Industrial and Labour Policy Monetary and Fiscal Policy Balance of Payments Export-Import Policy WTO Demographic Trends Urbanization and Migration Gender Issues Social Justice : Positive Discrimination in favor of the under privileged Human Development Social Sectors in India Health and Education The Union Budget – Direct and Indirect taxes; Non-tax sources of Revenue GST Thirteenth Finance Commission and GST, Finance Commission Fiscal Policy Fiscal Responsibility and Budget Management Act (FRBM), Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI – components and trends. Latest trends, latest data, latest committees, latest terms and phrases, etc related to all the above topics can be found in the Survey.
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Start preparing the descriptive topics at first to form your concept. Go through each topic and revise regularly. After you form a concept the try to answer the short questions. When you are done with it solve the MCqs.
You must follow consistent hours of study and increasing study hours on weekends and holidays. Remember the more you get involve in it the better it would be for you to march ahead.More free resources at--
Any one wants edtp or jindaLL course can take it from me at a reasonable price.I am leaving the preparation.
EDUT_P'S COMPLETE COURSE FOR RBI GRADE B 2019..LATEST MATERIAL..YEAR 2019..IN PDF FORMAT..EASY TO READ...ESI..FM..CURRENT AND STATIC BOTH..IT CAN BE DOWNLOADED THROUGH GOOGLE DRIVE and MCQS FORMAT PDF, AND Finance (static and current) for 2019 in pdf format by ANUJ JNDL also included.ONLY FOR Rs.400..if interested whatsap me on 8178765894 ..currently I am working in a PSB and also preparing for RBI Grade b
Any one willing share Ixambee RBI videos and pdf/ Oliveboard and gradeup test series.kindly ping me.Wont attempt tests , will check answers and review only . I can share practice mock tests after attempting in exchange for that.Thank you
Start preparing the descriptive topics at first to form your concept. Go through each topic and revise regularly. After you form a concept the try to answer the short questions. When you are done with it solve the MCqs.
You must follow consistent hours of study and increasing study hours on weekends and holidays. Remember the more you get involve in it the better it would be for you to march ahead.
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
Serious candidates willing to contribute in completing syllabus and conducting topic wise quiz can join the group