Drone Based Agricultural Technology The Indian Council of Agricultural Research (ICAR) through the Indian Agricultural Research Institute (IARI) has formulated a collaborative research project entitled “SENSAGRI: SENsor based Smart AGRIculture” involving six partner Institutes (Agriculture & IT) to be funded by Information Technology Research Academy (ITRA), Department of Electronics and Information Technology (DEITY), Ministry of… Read More »
Indian Economic Service / Indian Statistical Service Examination, 2016 Final Result Declared Based on the result of the Indian Economic Service/Indian Statistical Service written examination 2016 held by the UPSC in May 2016 followed by interviews for Personality Test held in July 2016, the following are the lists, in order of merit, of candidates… Read More »
Minister of Railways Shri Suresh Prabhakar Prabhu dedicates Newly Developed Deen Dayalu Coach to the Nation Minister of Railways Shri Suresh Prabhakar Prabhu dedicated the newly developed Deen Dayalu Coach to the nation at a simple programme held at New Delhi Railway Station today i.e. on 19.07.2016. Minister of State for Railways & Minister of… Read More »
Income Tax Department signs contract with L & T Infotech Ltd for implementation of Project Insight In the last decade, the Income Tax Department embarked on an ambitious computerization plan which developed voluminous databases of IT returns, IT forms, TDS/TCS statements, Annual Information Return (AIR) etc. The large volumes of data necessitated development of a… Read More »
Opening of Bank branches in rural areas To promote financial inclusion and to extend the banking network in unbanked areas, general permission has been granted by Reserve Bank of India (RBI) to domestic Scheduled Commercial Banks including Public Sector Banks (excluding Regional Rural Banks) to open branches at any place in the country, without seeking… Read More »
Decline in amount of black money in foreign banks While there is no official estimation regarding black money of Indians stacked in Swiss banks, recent media reports have quoted Zurich based Swiss National Bank as saying that money held by Indians in Swiss banks has fallen by nearly one-third. These reports also say that the… Read More »
Detection of black money by Government Recognizing various limitations under the existing legislation [Income-tax Act, 1961, etc.], the Government enacted a new law – ‘The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015’ – to specifically and effectively tackle the issue of black money stashed away abroad. This has, inter… Read More »
NPAs IN PSBs The details of Gross Advances, Gross Non-Performing Assets (GNPA) and Gross NPA ratio of Scheduled Commercials Banks (SCBs) and Public Sector Banks (PSBs) for last three years are as under: SCHEDULED COMMERCIAL BANKS (Rs. In crore) GROSS ADVANCES GNPA GNPA RATIO FY 2014 61,01,775 2,51,060 4.11% FY 2015 66,92,522 3,09,408 4.62%… Read More »
Synchronisation of financial accounting year with calendar year Government has constituted a Committee to examine the desirability and feasibility of having a new financial year and give its recommendations by 31st December, 2016. The terms of reference (ToR) of the Committee are as under: Examine the merits and demerits of various dates for the commencement… Read More »
Merger of Nationalised banks The guiding principle for the consolidation process of banking in India was suggested by Narasimham Committee. According to which any initiative with respect to merger of public sector banks has to come from the Boards of the banks concerned, the extant legal framework, keeping in view the synergies and benefits of… Read More »