Current Affair For All Competitive Exams March 2015

Current Events Of Monday 02, March 2015

( 1 ) With the implementation of new tax law, India is going to meet its projected target of collecting Rs 7 lakh crore in income tax in the ongoing 2014-15 fiscal.
( 2 ) Veteran cricket administrator Jagmohan Dalmiya is elected new president of the BCCI India, replacing N. Srinivasan.
( 3 ) The Maharashtra State Animal Preservation (Amendment) Bill (1995) which was pending for approval for last 19 years is signed by President Pranab Mukherjee making calf slaughter completely banned in Maharashtra.
( 4 ) Spanish player Rafael Nadal defeated Juan Monaco to win the Argentina Open title, lifting his first title in 2015.
( 5 ) The government of India appointed Baldev Sharma as the new chairman of the National Book Trust.
( 6 ) Chinese technology company Huawei has launched first smartwatch powered by google android operating system in classic , business and sporty versions which can be can be paired with a smartphone running Android 4.3 or higher versions.
( 7 ) 32 years old Olympic medallist M C Mary Kom has decided to quit boxing after the 2016 Rio Olympic Games.

Payments Bank in India

Payments bank system in India 

What are Payments Banks ?

Payment banks are those banks which are registered as a public limited company under the Companies Act, 2013, and licensed under Section 22 of the Banking Regulation Act, 1949, and its activities regarding these specific licensing conditions are restricted only to acceptance of demand deposits and provision of payments and remittance services.
So payment banks in India will be allowed to open current accounts and savings bank accounts with a deposits of up to a maximum of Rupees 1 lakh per customer. Where as they are eligible to issue debit cards and offer services like remittance and utility bill payments, along with this promotes and distribute simple financial products like insurance and mutual funds through channels like Internet, mobile banking, branches, and business correspondents.

Function of Payments Banks ?

( 1 ) Payments Banks can accepts deposits, offer payments and remittance services.
( 2 ) They are eligible to issue ATM cum Debit Cards .
( 3 ) Can functioning as Business Correspondent (BC) of other Nationalised banks offers those services which it cannot offer.
( 4 ) They can distributes products such as mutual funds and insurance policies.
( 5 ) Unlike and other nationalised bank they services are limited and so they can't offers loans to the customers.
( 6 ) In initial stage of this banking they are allowed only to hold a maximum of Rupees 1 lakhs per customer account.
( 7 ) The minimum paid up equity capital will be Rupees 100 crore.

Foreign shareholding in Payments Banks ?

The foreign shareholding in these banks would be as per the extant FDI policy.

How it will change the country financial sector and common man life ?

( 1 ) Being based on high end technology, they can reduce the public dependence on cash as they completely promote person-to-person electronic remittances.
( 2 ) Know your customers ( KYC ) norms are relaxed in terms of strictness so it is easy to open an account in these banks.
( 3 ) Payments of utility bills can be done through mobile phones, so no more ques for depositing the bills, for this purpose bank will open outlets in the big malls and grocers stores.
( 4 ) Children's living far from theirs house for study purpose can deposit their school or college fee through this payments banks via mobile.
( 5 ) Small business units with a working staffs of five to six people can operate the salary account of their staff in this banks rather than give cash as a salary.
( 6 ) Mobile will no more acts as a instrument for calling and chatting but will turn as a new avtar of a "BANK IN HAND".
( 7 ) No more tension of fake currency as all transaction will be done on mobile and Internet more safe and secure.
( 8 ) Money collected by these banks can be used in development of infrastructure of our country and its a move to bring bank direct at your door step.

Payments Banks

List Of Rural Banks And Head Office In Uttar Pradesh

List of rural banks in India is very long where as Rural banks also know as regional rural banks in India.History of Regional Rural Banks ( RRBs ) started from the year 1975 when these banks were established under the provision of the RRB Act 1976 with a straight forward view in developing the rural economic as well as to creating an alternative channel to "Co-operative Credit Structure" in order to ensure sufficient institutional credit for rural and agricultural sector of whole India.In simple words we can say that Regional Rural Banks ( RRBs ) were established to take the banking sector to the door steps of rural India, were people don't have any access to banking services.

These banks provides institutional credit to the weaker and poor sections of the society at low rate or interest.These banks were also intended to customise rural savings and categories the productive activities in the rural area.On 2 October, 1975 initially 5 RRBs were established at Moradabad and Gorakhpur in Uttar Pradesh, Bhiwani in Haryana, Jaipur in Rajasthan and Malda in West Bengal, later on RRBs were extended to others districts in India.

Initially RRBs were established to support the productive activities in the rural area but with effect from April 1997 the concept of priority sector lending was made applicable to RRBs and rates on terms deposits offered and interest rates on loans charged by Regional Rural Banks have been freed and very important is that each rural bank has its own sponsor bank which provides all infrastructure to these banks mostly nationalised banks.

S.No.	Bank Name	Head Office	Sponsor Bank
1	Allahabad UP Gramin Bank	Dr. Bhargawa's Kothi, Chilla Road, Banda-210 001 Uttar Pradesh	Allahabad Bank
2	Baroda Uttar Pradesh Gramin Bank	A-1, Civil Lines, Rae Bareli, Uttar Pradesh	Bank Of Baroda
3	Ballia–Etawah Gramin Bank	Indira Market, Ballia – 277001 Uttar Pradesh	--
4	Gramin Bank of Aryavart	A-2/46, Vijay Khand, Gomti Nagar, Lucknow-226010	Bank Of India
5	Kashi Gomti Samyut Gramin Bank	C-19/40, Faatman Road, Sigra, Varanasi - 221 001 Uttar Pradesh	Union Bank Of India
6	Kshetriya Kisan Gramin Bank	Kachhari Road, Mainpuri, Uttar Pradesh	--
7	Prathama Bank	Nainital Road, Moradabad - 244 001 Uttar Pradesh	Syndicate Bank
8	Purvanchal Bank	Mohaddipur, Gorakhpur - 273 008 Uttar Pradesh	State Bank of India
9	Sarva UP Gramin Bank	C-40/5, Jagriti Vihar, Garh Road, Meerut Uttar Pradesh	Punjab National Bank
10	Shreyas Gramin Bank	Diggi Road, P.B.No.35, Aligarh - 202 001 Uttar Pradesh	Dena Bank

T

Top 5 Steel Producing Countries In World

Top 5 Steel Producing Countries In World

S. No. --- Country -- Production in Million tonnes    

( 1 )  China -- 822.7                                                      

Steel 

( 2 )  Japan -- 110.7

( 3 )  United States -- 88.3

( 4 )  India -- 83.2

( 5 )  South Korea -- 71

UPPSC KANOONGO RAJASVA NIRIKSHAK EXAMINATION -2014 ADMIT CARD

UTTAR PRADESH KANOONGO RAJASVA NIRIKSHAK EXAMINATION -2014 CONDUCTED BY UPPSC ADMIT CARD

House Uttar Pradesh Public Service Commission has issued the admit card for Revenue Inspector or Rajasva Nirikshak examination 2014, exam date 25 January, 2015.All eligible candidates can now download the admit card online form official website of the Commission.

UPPSC Uttar Pradesh Public Service Commission had invited application for many post last year its online application were filled online between 16 September, 2014 to 16 October, 2014 (EXTEND DATE is 15th November 2014) and the last date for fee deposition at bank is 13 October, 2014. A huge number of interested and eligible candidates had filled the application form online so now they can download their admit card .

Name of Posts : Rajasva nirikshak / Kanungo / Revenue inspector.

Examination Date : 25th January 2015 ( The exam will be held with in two shifts – timing is 9:30 Am to 11:30 Am for 1st Shift and 2:30 Pm to 4:30 Pm for 2nd shift).

Total Post : 617 Posts

Click the given link to download UPPSC Revenue Inspector Exam Admit Card 2014 http://uppsc.up.nic.in/AdmitCard.aspx

Good luck for your Exam