KAVALIPOST

Monday 21 October 2013

Dept of Posts cuts banking fund proposal to Rs 623 cr


The Department of Post plans to start 50 bank branches in the first year and scale it up to 150 branches in five years.


NEW DELHI, OCT 20: The Department of Posts (DoP) has lowered its estimate of funds that it needs to start banking operations to about Rs 623 crore from its earlier projection of about Rs 1,900 crore, sources said.


The proposal for Rs 623 crore includes Rs 500 crore that is required as paid-up capital under the RBI’s new banking licence norms. The remaining amount is for infrastructure that is needed to comply with the new norms.

The DoP has applied for a banking licence. The Reserve Bank of India is expected to issue licences to shortlisted entities in January 2014.

“The DoP has lowered the proposal for funds it needs to start banking operations from about Rs 1,900 crore estimated earlier to about Rs 623 crore,” a government official told PTI.

The Government has sent the DoP’s fund proposal to the Expenditure Finance Committee. Once cleared by EFC, the proposal will be placed before the Cabinet for final approval.

The DoP plans to start 50 bank branches in the first year and scale it up to 150 branches in five years.

There are around 90,000 bank branches in the country and provision of real-time banking services through postal network is estimated to triple the current banking network.

Finance Minister, P. Chidambaram, in this year’s Budget proposals had said post offices would become part of the core banking solution (CBS) and offer real time banking services.

He had proposed a provision of Rs 532 crore for the project in 2013-14.

The Post Banks are proposed to be owned by DoP but with a completely independent board, governance structure and operations. It will have representation from Ministries of Finance and Communication & IT.

(This article was published on October 20, 2013)



IBPS PO Exam 2013: 20 October 2013 (Evening Shift) General Awareness Questions


IBPS PO Exam 2013: 
20 October 2013 (Evening Shift) General Awareness Questions
Friends....Here is some Questions asked in today's IBPS PO Exam- Evening Shift as shared by our friend... Deepak Rajan. We thank him for sharing the questions with us and also wish him great success in his exam!!!!

1. Which bank Head Quarters is not in Mumbai?- (Options: BOM,BOI, DENA BANK, Indian Bank)? - Indian Bank
2. International Women’s Day?- March 08
3. Full form of GAAR?- General Anti Avoidance Rule
4. Name the new Prime Minister of Zimbabwe?- Robert Mugabe
5. In Which stock exchange MIBOR is operating (BSE, NSE, etc)?
6. Define Trade Deficit? - Import Exceeds Export
7. Full form of REER?- Real Effective Exchange Rate
8. Question related to new pension plan launched by Uttar Pradesh govt?
9. Which rate has been changed by RBI during 20/9/13 monetary policy review?- MSF
10. Gold jewel import tax?- 15%
11. FuII invests in Indian market through? (Participatory notes, treasury bill,commercial papers) -Ans. participatory notes
12. World Trade Organization Head Quarters?- Geneva
13. One Question related to revenue deficit
14. ATM without any bank's specified label? - White label ATM
15.  CEO of Apple Company? - Tim Cook
16. Largest stock exchange in the World?- NYSE ( Newyork Stock Exchange)
17. Bhaag Milga Bhaag bollywood movie actor? - Fahran Aktar
18. Richest person in India according to Forbes?- Mukesh Ambani
19. Capital of Lebanon? - Beirut
20. Ronjan Sodhi is related to which sport? - Shooting
21. Bringing out illegal money to visible?- Money Laundering
22. Govt approved disinvestment of 10% stake of which company? ( ONGC, SBI, Indian oil corporation)
23. RTGS limit?- 2lakhs
24. One Question related to  Basel 2 norms
25. One Question related to monetary policy
26. One Question related to currency swap
27.  "Grey Revolution" is associated with? (Meat, Potato, Fertilizer, Petroleum)- Fertilizer
28. Male/Female ratio according to 2011 census?

If anybody would like to like to add to the above or share more questions send it to currentaffairs4examz@gmail.com or sapost@gmail.com . We will publish it with your Name. Thank You..

Courtesy : http://www.currentaffairs4examz.com

IBPS PO Exam- 20 October 2013 (Morning Shift) Questions


IBPS PO Exam- 20 October 2013 (Morning Shift) Questions


Here is some Questions asked in today's IBPS PO Exam as was shared by our friends...Mukesh Jaiswal, Abhishek Kumar and Kiran Tripathi. We thank them very much for sharing these questions with us.

Q1. Who is the Chief of Forward Markets Commission (FMC)?- Shri Ramesh Abhishek
Note: Forward Markets Commission (FMC), the chief regulator of Forwards and Futures Commodity Markets in India on 9 September 2013 was transferred to Ministry of Finance following the orders of Government of India. Earlier, the FMC was under the control of the Department of Consumer Affairs under the Ministry of Food.

Q2. Full form of EASIEST?- Electronic Accounting System in Excise and Service Tax

Q3. Full form of DHCP?- Dynamic Host Configuration Protocol (DHCP)

Q4. Name the Indian Origion who won the Miss America title 2013 recently?-  Nina Davuluri

Q5. Which is number one stock exchange in the world?-

Q6. Name the  joint venture of Tata Sons-Singapore Airlines?- Tata SIA Airlines

Q7. NEFT is used for?-

Q8. At a time what is maximum limit of Basic Savings Bank Deposit Account (BSBDA) ?- Rs 50, 000

Q9. Who is the director of the film Satyagraha?- Prakash Jha

Q10. Name the new version of banking license software launched by Infosys recently?- Finacle11

Q11. Which among the following is not a novel of Chetan Bhagat?

Q12. Who among the following is not a member of Parliament?

Q13. G-20 summit 2013 was held in?- St.Petersburg, Russia

Q14. Wheat ,bajra comes under rabi or kharif crop?

Q15. Which banking rate was incresed or decreased by RBI on 20th sept 2013?- Raised Repo rate and reduced MSF

Q16.  Rajiv Gandhi Equity Savings Scheme income limit hiked?- 12 lakh

Q17. What was the GDP during 2012-13?- 5%

Q18. IFSC Code is needed in?

Q19. Award given to Finance Minister P Chidambaram by ET Awards?- Business Reformer Award

Q20. Adviced Limit of draft granted by cheque?

Q21. Which Bank is not headquartered in Kolkata?

Q22. Where has ONGC opened new gas based power plant recently?-

Q23. ATM wrong deduction to be refunded within?

Q24. Who is the first indian to win shooting competion in  world championship?- Rahi Sarnobat

Q25. Which stock exchange has large number of listed companies?-

Q26.  Information technology Act in which year?

Q27. When RBI want to reduce liquidity what action it will take?

Q28. Which country become the 28th member of Europian Union? -Croatia

Q29. Head of Committee on Gold?- K U B Rao

Q30. Next G-8 Summit will be held in?

Q31. One Question related to Swarna Jayanti Shahari Rozgar Yojana

Q32. The 78-year-old RBI history book released by Prime Minister Manmohan Singh?- 'RBI History — Looking Back and Looking Ahead'

Q33. Full Form of TLE?

Q34.  Mandatory for companies to spend at least 2% of net profits on-CSR

Q35. Micro finance Maximum investment Limit?

Q36.  New Director General of CPRF – Dilip Trivedi

Q37.  CEO of Women Bank? 

Q38. Who developed rupee symbol?- Udaya Kumar

Q39. MacMohan Line between which countries? – India and China

Q40. Balance Sheet indicates what?

If anybody would like to like to add to the above or share evening shift PO Exam questions send it to currentaffairs4examz@gmail.com or sapost2@gmail.com. We will publish it with your Name. Thank You..

Courtesy : http://www.currentaffairs4examz.com/

Employment News - Job Highlights (19 October- 25 October 2013)


  1. UP POWER CORP. LTD., LUCKNOW needs 422 Junior Engineer (Trainee). Last Date -28.10.13

    2.
  2. WESTERN NAVAL COMMAND, MUMBAI invites applications for Senior Engine Driver, Engine Driver, Master Oil Tanker, Fireman etc. No. of Vacancies – 157. Last Date-2.11.13

    3.
  3. JAWAHARLAL NEHRU UNIVERSITY, DELHI requires 54 Assistant Registrar, Veterinary Officer, Stenographer, Senior Assistant etc. Last Date - 17.11.13

    4.
  4. DR BABASAHEB AMBEDKAR NATIONAL INSTITUTE OF SOCIAL SCIENCES requires Professor, Associate Professor, Librarian, Assistant Registrar etc. No. of Vacancies – 14. Last Date – 31.10.13

    5.
  5. WADIA INSTITUTE OF HIMALAYAN GEOLOGY, DEHRADUN invites applications for the posts of Scientist ‘D’, Scientist ‘C’, Scientist ‘B’, Section Cutter, Bearer etc. No. of Vacancies – 20. Last Date-29.11.13

    6.
  6. GOVERNMENT OF INDIA PRESS, KORATTY, KERALA invites applications for the posts of Nurse, Electrician, Senior Artist, Cameraman, DTP Operator etc. No. of Vacancies – 144. Last Date- 30.11.13

    7.
  7. 7. STAFF SELECTION COMMISSION, CHANDIGARH invites applications for the posts Technical Assistant, Scientific Assistant Grade II etc. Last Date -15.11.13

    8.
  8. M/o. DEFENCE RESEARCH AND DEVELOPMENT ORGANISATION (DRDO) needs 27 Name of Post – Scientist ‘G’, Scientist ‘E’, Scientist ‘C’, Civil Works Officer etc.Last Date – 7.11.13

    9.
  9. KRISHI VIGYAN KENDRA, MALEGAON, NASHIK invites applications for the posts of Programme Coordinator, Programme Assistant (Computer), etc. Last Date – 10.11.13

    10.
  10. CENTRAL SALT & MARINE CHEMICALS RESEARCH INSTITUTE, GUJARAT needs 11 Name of Post – Scientist, Senior Principal Scientist, Principal Scientist, etc. Last Date - 16.12.13

Source : http://www.employmentnews.gov.in/

Recruitment to Group C posts in Pay Band-1, with Grade Pay of Rs. 1800/- (pre-revised Group D posts).


Dopt Orders 2013 - Recruitment to Group 'C' posts in Pay Band-I, with Grade Pay of Rs.1800/- (pre-revised Group `D' posts).
No.AB-14017/6/2009-Estt (RR)
Government of India
Ministry of Personnel, Public Grievances & Pensions
Department of Personnel & Training
New Delhi, dated the 21st October 2013
OFFICE MEMORANDUM
Subject: Recruitment to Group 'C' posts in Pay Band-I, with Grade Pay of Rs.1800/- (pre-revised Group `D' posts).
 

This Department vide OM of even number dated 12.5.2010 requested all the Ministries/ Departments to intimate their requirements for Non-Technical Group 'C' posts in PB-1 Grade Pay Rs.1800/- to the SSC immediately in order that the Commission could initiate action for recruitment. The Ministries/Departments were also advised to take action simultaneously for framing Recruitment Rules for these posts in accordance with the Model RRs already circulated vide OM dated 30.4.2010.
2. It has, however, come to the notice that Cadre Controlling Authorities are not sending their requisitions for the vacancies of MTS to SSC. The erstwhile Group 'D' posts which now belong to Group 'C' are required to be filled up through SSC as per instructions of this Department instead of through Employment Exchange or any other mode. All Ministries/ Departments are, therefore, once again requested for sending their requirements in respect of Ministries/Departments themselves as well as their attached/ subordinate officers also, for Non-Technical Group 'C' posts in PB-1 Grade Pay Rs.1800/- to the SSC immediately in order that the Commission could initiate action for recruitment.
3. Action pending if any, may simultaneously be taken for framing Recruitment Rules for these posts in accordance with the Model RRs already circulated.
4. Hindi version follows.
sd/-
(Mukta Goel)
Director (E-I

Source : www.persmin.gov.in
[http://ccis.nic.in/WriteReadData/CircularPortal/D2/D02est/AB-14017_6_2009-Estt.RR-21102013.pdf]

Dopt Orders - Extension in deputation tenure beyond the prescribed limit of seven years/premature repatriation from a Non—Central Staffing Scheme post – reg.


Dopt Orders - Extension in deputation tenure beyond the prescribed limit of seven years/premature repatriation from a Non—Central Staffing Scheme post – reg.

F. No.9/25/2006-E0 (MM-I)
Government of India
Department of Personnel, Public Grievances & Pensions
(Department of Personnel & Training)
North Block, New Delhi,
17th  October, 2013
OFFICE MEMORANDUM
Sub:- Extension in deputation tenure beyond the prescribed limit of seven years/premature repatriation from a Non—Central Staffing Scheme post – reg.


As per the ACC directions, an officer working on a Central Staffing Scheme (CSS) post is allowed an additional tenure of two years on his shift to a Non-Central Staffing Scheme post and vice-versa, subject to cadre clearance and further subject to the maximum limit of seven years outside the cadre at a stretch. While allowing the shift, the tenure of the officers is specified/fixed. Similarly as per extant policy, officers working on a CSS post on their premature repatriation on grounds other than promotion are required to undergo extended cooling off.
2. However, it has come to notice that officers have continued to stay beyond the stipulated tenure without the approval of the competent authority, sometimes even beyond the maximum stipulated limit of seven years outside the cadre. It has also come to notice that some of the officers who after their stint under the CSS had shifted to Non-CSS posts were allowed to go prematurely to their cadre without seeking the approval of the ACC.
3. The undersigned is directed to convey that any proposal for premature repatriation and extension in tenure beyond the approved tenure in respect of officers who have shifted from a CSS post and are now working on a Non-CSS post should be referred to DoP&T for approval/orders of the competent authority.
4. All the Ministries/Departments are requested to ensure compliance of the above direction in future.
sd/-
(Dr. Amarpreet Duggal)
Director (MM)

Source : www.persmin.gov.in
[http://ccis.nic.in/WriteReadData/CircularPortal/D2/D02eod/9_25_2006-EOMM-I-17102013.pdf]

Karnataka Circle : PA / SA Exam Result 2013 Declared




Direct Recruitment Results of PA/SA for the year 2011 & 2012 in Karnataka Postal Circle

Download / View Result


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