Competition ZENITH

1. Govt accepts 14th Finance Commission recommendations i. 14th Finance Commission, which was headed by former RBI Governor Y.V. Reddy, recommended that the share of states in the centre's tax revenue be increased from 32 percent to 42 percent. ii. The recommendations of the commission has accepted by the centre. Y.V.Reddy iii. The recommendation is for the five-year period 2015-16 to 2019-20.  iv. As per the increased devolution suggested in the report, the states will get Rs 3.48 lakh crore in 2014-15 and Rs 5.26 lakh crore in 2015-16. 2. BJP, PDP formally announce alliance, to form govt in Jammu and Kashmir i. The BJP and PDP formally announced that they are coming together to form a government in Jammu and Kashmir which is likely to be sworn in on March one.. ii. After meeting in New Delhi, BJP President Amit Shah and  PDP leader Mehbooba Mufti made an announcement in this regard. iii. Jammu & Kashmir Chief Minister post will be headed by PDP ...

Compensation :   Given the inaccurate nature of circle rates - four times the market value in rural areas and twice the market value in urban areas.  Resettlement and Rehabilitation:    This is the very first law that links land acquisition and the accompanying obligations for resettlement and rehabilitation. Over five chapters and two entire Schedules have been dedicated to outlining elaborate processes (and entitlements) for resettlement and rehabilitation. The Second Schedule in particular outlines the benefits (such as land for land, housing, employment and annuities) that shall accrue in addition to the one-time cash payments.  Social Impact Assessment not needed for t hese five categories  Defence Rural Infra Infrastructure Industrial Corridors Housing for Poors Multiple checks and balances: Monitoring committees at the national and state levels to ensure that Rehabilitation and Resettlement  obligat...

1. Copies of six Ordinances laid in Lok Sabha i. Copies of six Ordinances promulgated recently on issues such as land acquisition and coal were laid in the Lok Sabha . ii. The government intends to get bills passed on these Ordinances which will expire before the end of the first part of the Budget session on March 20. iii. The six Ordinances include those on land acquisition, FDI in insurance, auction of coal blocks, e-rickshaws, mines and minerals and amendment to Citizenship Act by merging the status of OCI and PIO Cards. iv. The Ordinance on coal has been re-promulgated. While Ordinances on land and e-rickshaws are new, bills are pending on other issues in Parliament. v. The Ordinance on land acquisition, which entails changes in the Land Acquisition Act of 2013, is being steadfastly opposed by various parties. 2. Union Government launched portal MADAD to redress consular grievances i. Indian citizens living abroad will now be able to file consular grievances on...

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Ques - So what's the problem in Greece? Answer - Years of unrestrained spending, cheap lending and failure to implement financial reforms left Greece badly exposed when the global economic downturn struck. This whisked away a curtain of partly fiddled statistics to reveal debt levels and deficits that exceeded limits set by the eurozone. Ques - How big are these debts? Answer -  National debt, put at €300 billion ($413.6 billion), is bigger than the country's economy, with some estimates predicting it will reach 120 percent of gross domestic product in 2010. The country's deficit -- how much more it spends than it takes in -- is 12.7 percent. Ques - So what happens now? Answer -  Greece's credit rating -- the assessment of its ability to repay its debts -- has been downgraded to the lowest in the eurozone, meaning it will likely be viewed as a financial black hole by foreign investors. This leaves the country struggling to pay its bills as interest ra...

Expected Questions on World Organisations. Taken from Previous Year Question Papers CLICK HERE FOR SOLUTIONS

Now we have a brief knowledge about Inflation (Click Here) and its effect on the economy, So as customary there will always be a hero against a villain ,fighting for supremacy and sabotaging it to ashes.For the purpose we have our own Desi Mr.007 and the name is Rajan… Raghuram Rajan, RBI with the help of its periodically revised monetary policy try to fight against inflation. MONETARY POLICY- Monetary policy consists of two tools- (i) DIRECT TOOLS (ii) INDIRECT TOOLS DIRECT TOOLS- these tools are the special powers of RBI through which it can direct and control the amount of flow of money in the market, these consists of SLR (statutory liquidity ratio) and CRR (Cash reserve ratio), lets understand them individually. Cash Reserve Ratio - CRR is 4% of NDTL(Net Demand and Time Liability), this the amount of money banks park with RBI in the form of cash.(must for banks) Statutory liquidity ratio  - SLR is 21.5% of NDTL, this the amount that the banks h...