Anil Bokil : 'Man Behind Viral Demonetisation Theory'The sudden and path-breaking decision of the withdrawal of 500 and 1000 Rupee currency notes by the Indian Prime Minister Narendra Modi managed to create inconvenience among people at all levels.After the announcement, many people were seen in queues near the ATMs.The announcement of 8 November 2016, which created a situation of havoc among citizens, is being considered as Modi’s fight against Black money.After the 2014 mandate, PM Modi promised that he will not allow those with black money to rest in peace and take actions against them.But in this race to understand the cause behind the withdrawal of notes, we as public managed to forget to find the real face behind the idea.Anil Bokil
---------------Anil Bokil, a Pune-based Chartered accountant, is the person who ideated the formulae.Bokil is the founder of Arthkranti Pratishtan, a non-governmental organization.His group has been openly promoting the theory of ArthaKranti- revolution in economics.He requested a meeting with the Prime Minister to put forward his take on financial reforms.Minutes of the Meeting with the Prime Minister
-------------------------------------------------------------------• Bokil and his team met Narendra Modi on July 2016. Modi initially gave Bokil 9 minutes to put forward his suggestions.• He listed a five-point action plan to curb the widespread use of black money, main one including ban on high denomination currency notes.• His impressive ideas intrigued Modi and stretched the 9-minute meeting to almost two hours.About the Action Plan
-----------------------------------• Complete withdrawal of the existing taxation system, which includes abolition of all 56 taxes barring customs duty and import levies.• Introduction of a single banking transaction tax (2%) on all transactions.• Withdrawal of high denomination currency (100, 500 and 1000 rupee notes).• All high value transaction to be made only through banking system like cheque, Demand Draft, online and electronic medium.• Restrict cash transaction to a certain limit and no taxing on cash transactions.On an average in India, 2.7 Lakh worth transactions are conducted daily of which only 20% are done through banks and other traceable forms.Rest 80% is done entirely in cash, which is untraceable.
Olive board .. Practice mock..and career power..which test series is best for officer level exams..????
When will the exam be held this time for 2017? That is to say in which month probably
x² – 8x + 15 = 0
y² – 13y + 40 = 0
A. X > Y
B. X < Y
C. X ≥ Y
D. X ≤ Y
E. X = Y or relation cannot be established
The average salary of 90 employees in an organization is Rs.14.500 per month. If the no of executive is twice the no of clerks, then find the average salary of clerk ?
A.11,500
B.12,000
C.13,200
D.Can’t be determined
E.None of these
Who has become the new Whole-Time Member (WTM) of the Securities and Exchange Board of India (SEBI)?
[A]M M Patel
[B]Niranjan Sahu
[C]Gurumoorthy Mahalingam
[D]S Raman
Made a new group for 2017 here
https://www.pagalguy.com/discussions/rbi-grade-b-2017-5978439349698560
when is the last date for interview ?
last year the result came immeditely on the next day
Is Anuj jindal group for RBI B grade useful?
World's Best City Brands : London Ranked First in 2017A new global study by place branding and travel and tourism experts Resonance Consultancy reveals London, Singapore, New York and Paris as the world’s best city brands.The 2017 World’s Best City Brands report evaluates global principal cities with a metropolitan population of 2 million or more and capital cities with a population of 1 million or more.
For each city, the Resonance ranking considers both statistical performance and qualitative evaluations by locals and visitors, using their evaluation of experiences on social media via the comments, images and reviews they share with family, friends and people around the world.Resonance grouped 20 areas of evaluation into the six core categories of Place, Programming, Prosperity, Product, People and Promotion.The 2017 World’s Best City Brands Report was released during a breakfast briefing by Resonance President Chris Fair at World Travel Market in LondonTop Ten Cities
-----------------------London (1)Singapore (2)New York (3)Paris (4)Sydney (5)Amsterdam (6)Los Angeles (7)Tokyo (8)San Francisco (9)Toronto (10)
SBI Writes Off Rs 7,016 Crore Loans Owed by Wilful Defaulters
The State Bank of India (SBI), has decided to write off loans worth almost 7016 Crore Rupees, owed to it by 63 willful defaulters including Vijay Mallya’s Kingfisher Airlines.
The move is a part of a cleanup process of the bank’s balance sheets.
While the loans of the 63 willful defaulters have been written off completely, 31 have been partially written off and remaining 6 of the bank’s top 100 defaulter’s list have been shown as non-performing assets (NPAs).
In other words, SBI has categorized these loans as toxic and put them into Advance Under Collection Account (AUCA).
The Top Five Defaulters
--------------------------------------
• Vijay Mallya’s Kingfisher Airlines tops the list with dues amounting to almost 1201 Crore Rupees. A court in Mumbai has issued a non-bailable warrant against Mallya in connection with money laundering.
• KS Oil, edible oil maker is the second in the list with dues amounting to 596 Crore Rupees. The company had invested a large amount of money on plantations in Indonesia and Malaysia, which failed to deliver the expected returns. It was declared NPA from 30 September 2013.
• The third top defaulter, Surya Pharmaceuticals, was added to the list of willful defaulters in 2013. The company allegedly committed fraud and misused its funds. An audit by Ernst & Young declared its account as a fraud one.
• Get Power is the fourth defaulter with debts of around 400 Crore Rupees. Mismanagement and delayed projects got the company into the list. It was declared as a willful defaulter on 23 August 2016.
• Sai Info, the fifth defaulter has debts amounting to 375 Crore Rupees. Sunit Kakkad, the main promoter of the company ran away in June 2013. He was arrested and brought back to India and is out on bail now. The company was declared as a willful defaulter on 26 August 2016.
About Write-Offs
---------------------------
• The exercise is adopted by banks to clear off all the bad debts showing on their balance sheets.
• It is a strategy employed to reduce the number of their non-performing assets.
• It is applied after the Bank exhausts all its methods of recovering the loan amount.
• By writing off these debts, banks are able to reduce its earnings and thus reduce its taxable income and overall tax liability.
• However, writing off a debt does not take away bank’s right to follow up on it. It cannot be considered as a waiver, as the bank will still chase the defaulters. In many cases, bad debt accounts are handed over to a collection agency. The agency then gets in touch with the defaulter.
The move of writing off these willful defaulters came right after PM’s announcement of demonetization of 500 and 1000 rupee notes.
RBI in November 2016 constituted an eight-member task force to re-calibrate all ATMs functioning in India. Who of the following was appointed as the chairman of the task force?
a) SS Mundra
b) NS Vishwanathan
c) R Gandhi
d) Harun R Khan
According to _________, Any person can also search and inspect the records maintained by the Registry on payment of fees.
A. Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
B. Companies Act, 1956
C. Both (A) and (B)
D. Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Central Registry) Rules, 2011
In next 6-7 months, plenty of economic topics will come up in newspapers. How does one choose which ones may come up as essay topics in b grade paper in 2017?
I dont wish to know the rbi interview questions or their answers but i want to know haw was the panel's behavior and response towards the candidate's answers. Was the chairperson cordial towards every candidate. Would Really appreciate if someone could tell their experience.P.s. by experience i dont mean the interview questions. Just the overall experience.Thanks in advance.
Which book by Prasanna Chandra - Fundamentals of Financial management or Financial Management - Theory and practise?
Directions (1 – 10) There are two series given below, of which one is complete and follows a certain pattern. Based on the pattern of complete series, you have to find the different answering terms of series.
1. 1275 1307 1371 1467 1595 1755
972 A B C D
Which number will come at the place of D?
(a) 1292 (b) 550 (c) 500 (d) 462.5 (e) None of these
2. 4 23 113 449 1343 2681
7 A B C D E
Which number will come at the place of E?
(a) 4793 (b) 4782 (c) 4841 (d) 4932 (e) None of these
3. 3 4 10 33 136 685
7 A B C D E
Which number will come at the place of E?
(a) 57 (b) 1165 (c) 18 (d) 1398 (e) None of these
4. 6 9 18 45 135 472.5
20 A B C D E
Which number will come at the place of C?
(a) 30 (b) 1125 (c) 375 (d) 150 (e) None of these
5. 2 9 57 337 1681 6721
7 A B C D E
Which number will come from the following at place of E?
(a) 673 (b) 3361 (c) 13441 (d) 17 (e) None of these
6. 25 194 73 154 105
14 A B C D
Which number will come from the following at place of D?
(a) 183 (b) 62 (c) 69 (d) 94 (e) None of these
7. 140 68 36 16 10 3
284 A B C D E
Which number will come from the following at place of B?
(a) 72 (b) 140 (c) 34 (d) 18 (e) None of these
8. 3 20 118 587 2344 7027
12 A B C D E
Which number will come from the following at place of C?
(a) 2477 (b) 83 (c) 496 (d) 9904 (e) None of these
9. 4 16 48 120 272 584
124 A B C D E
Which number will come from the following at place of B?
(a) 256 (b) 528 (c) 1080 (d) 4424
10. 8 585 143 467 242 386
43 A B C D E
Which number will come from the following at place of C?
(a) 321 (b) 277 (c) 519 (d) 502 (e) None of these
Answer Key
1.(a) 2.(c) 3.(b) 4.(d) 5.(e) 6.(d) 7.(a) 8.(a) 9.(b) 10.(d)
Economic Survey 2015-16 projects that the real GDP growth for the current financial year and for 2016-17 will be in the range of ………..
a) 7 – 8 %
b) 7.5 – 8 %
c) No Change
d) 7 – 7.5 %
Answer d) 7 – 7.5 %
To infuse capital in state-run banks what Government is planning to do?
a) To sell off Non Financial Companies
b) To reduce its shares from Banks
c) To sell Government Securities
d) All of the above
Answer a) To sell off Non Financial Companies.
Which newspaper is very much useful for RBI b grade officer exam????