Top 20 Programmes launched by Present Government : Make a NOTE in short

1. *Pradhan Mantri 🏻 Jan ‍‍‍ Dhan Yojana (28 August 2014) :*
🔹To achieve 100% financial inclusion
🔹22 crore bank accounts opened so far
🔹Slogan: _Mera Khata – Bhagya Vidhaata_
2. *Deen Dayal Upadhyaya 🏼Antyodaya Yojana (25 September 2014):*
🔹To alleviate poverty☠ through in rural & urban areas.
🔹Achieved through livelihood opportunities & skill development.
🔹Implemented by Rural Development & Housing and Urban poverty alleviation ministries
3. *Mission  Housing  for All - Urban (25 June 2015) :*
🔹To provide housing by 2022 to all eligible.
🔹Also called Sardar Patel🏽 Urban Housing Mission.
🔹A Centrally Sponsored Scheme & has 4 components
4. *Digital India🇮🇳 (26 August 2014)* :
🔹To achieve digitally empowered knowledge economy.
🔹Transformed version of National e-Governance Plan.
🔹worth 1 lakh crore rupees & has 9 thrust areas.
5. *Make ⚙ In India🇮🇳* (25 September 2014) :
🔹To make India a global manufacturing hub.
🔹Manufacturing sector to grow over 10%.
🔹Will create 1 crore jobs per year.
6. *Skill India🇮🇳* (15 July 2015) :
🔹To fast-track skill development efforts.
🔹Provides for an overall institutional framework.
300 million will be skilled by 2022.
7. *MUDRA Bank Yojana* (8 April 2015) :
🔹Stands for Micro Units Development and Refinance Agency Ltd.
🔹Loans between 50000 to 10 lakh rupees provided.
🔹Has three categories Shishu, Kishor & Tarun.
8. *Deen Dayal Upadhyaya🏽 Gram Jyoti Yojana* (25 July 2015) :
🔹To achieve 100% rural electrification.
🔹Subsumed Rajiv Gandhi Gramin Vidyutikaran Yojana.
🔹Has an outlay of 76000 crore rupees.
9. *Pradhan Mantri🏻 Krishi Sinchai Yojana* (2 July 2015) :
🔹To achieve water efficiency by 2020.
🔹Will be achieved through converging existing programmes.
🔹Has an outlay of 50000 crore rupees for 2015-20.
10. *Soil Health Card Scheme* (19 February 2015) :
🔹To improve farm productivity.
🔹Achieved by using appropriate nutrients.
🔹Slogan: Swasth Dharaa Khet Haraa.
11. *Beti🏻 Bachao, Beti🏻 Padhao* (22 January 2015) :
🔹To address the declining Child Sex Ratio issue.
🔹To celebrate the girl child & enable her education.
🔹So far 161 districts were selected in 2 phases.
12. *Direct 🏼Benefit 🏼Transfer🏼 Scheme for Kerosene* (1 April 2016):
🔹To plug leakages in kerosene delivery through PDS.
🔹Subsidy amount transferred to beneficiary accounts.
Implemented in selected 26 districts of 8 states.
13. *Swachh Bharat🇮🇳 Mission* (2 October 2014) :
🔹To make India 100% open defecation free by 2019.
🔹Eradication of manual scavenging is also a part.
🔹Focus is on attitudinal change.
14. *Swarna  Bharat🇮🇳 Yojana* (5 November 2015) :
🔹To reduce gold imports by utilizing domestic reserves.
🔹Has three gold related schemes.
🔹Gold Monetization & Gold Bond Schemes and Indian Gold Coins.
15. *Pradhan Mantri🏻 Suraksha Bima Yojana* (9 May 2015) :
🔹Its an Accident Insurance Scheme.
🔹Offers death and disability cover on account of an accident.
🔹For 12 rupees premium offers 1-2 lakhs coverage.
16. *Pradhan Mantri 🏻Jeevan Jyoti Bima Yojana* (9 May 2015) :
🔹To provide for life insurance cover to the needy.
🔹For 330 rupees premium offers 2 lakh rupees coverage.
🔹Administered by the Life Insurance Corporation.
17. *Atal 🏼Pension  Yojana* (9 May 2015) :
🔹To enhance old age income security of the working poor.
🔹inked to National Pension System & administered by PFRDA.
🔹Will get fixed pension between Rs 1000 & 5000 per month.
18. *Smart Cities  Mission* (25 June 2015) :
🔹To make urban areas more livable & inclusive.
🔹Focus is on building urban infrastructure.
🔹Outlay of 48000 crore rupees for 2015-20.
19. *AMRUT  Yojana* (25 June 2015) :
🔹AMRUT - Atal Mission for Rejuvenation and Urban Development
🔹To develop infrastructure in 500 towns and cities.
🔹Selection of cities on population & popularity basis.
🔹Outlay of 50000 crore rupees for 2015-20.
20. *HRIDAY Yojana* (21 January 2015) :
🔹 *HRIDAY* - Heritage Development and Augmentation Yojana.
🔹To promote inclusive & sustainable development of heritage 

One Liners of Banking Awareness Part-I

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  RBI is the Central bank of India
o    RBI was setup on the recommendations of Royal Commission on Indian Currency and Finance also known as the Hilton- Young Commission.
o    RBI has 4 regional offices at Mumbai, Kolkatta, Chennai and Delhi.
o    The head office of RBI is located at Mumbai.
o    Currency notes other than one rupee notes are issued by RBI.
o    Scheduled commercial banks are included in the second schedule to the RBI act 1934.o 
o    Schedule commercial banks are- SBI and its associates, Nationalized banks, private sector banks, regional rural banks, urban cooperative banks, state cooperative banks.
o    14 banks were nationalized on 19 july 1969.
o    Regional rural banks were established on 2.10.1975
o    All commercial banks including branches of foreign banks functioning in India, local area banks and regional rural banks are insured by the DICGC(Deposit Insurance and Credit Gurantee Corporation of India Limited).
o    Each depositor in a bank is insured upto a maximum of Rs 1 lakh for both principal and interest amount.
o    LIC (Life insurance corporation) of India was established in 1956 as wholly owned corporation of the Government of India.
o    Export and Import Bank of India (EXIM) was established in 1982.
o    National Bank of agriculture and Rural Development (NABARD) was established in 1982.
o    Interest payable on savings bank account is not regulated by RBI.
o    With effect from April 2010 payment of interest on savings bank accounts by scheduled commercial banks would be calculated on a daily product basis.
o    Fixed deposits and recurring deposits are repayable after an agreed period.
o    When a bank returns a cheque unpaid , it is called as dishonor of the cheque.
o    Mortgage is a security on immovable property for a deposit received by a bank.
o    Accounts in which shares of various companies are traded in electronic form is called Demat account.
o    Distribution of insurance products and insurance policies by the banks as corporate agencies is known as bankassurance.
o    The rate of inflation increases when the purchasing power of money decreases.
o    Treasury bills, commercial paper, certificate of deposit, shares and bonds are called as money market instruments.
o    Repurchase agreement is not money market instrument.
o    The loans of very small amount given to low income group is called as Mirco credit.
o    ALM stands for Asset Liability management
o    The Banking ombudsman resolves the complaints of the customers in regard to services provided by the banks.
o    Money laundering means the process of conversion of money obtained illegally to appear to have originated from legitimate sources
o    A cheque which has completed the stipuled validy of the cheque is called as Stale Cheque.
o    Interest is not paid in current accounts.
o    CAMEL denotes capital adequacy, asset quality, management, efficiency and liquidity.
o    When the ATM machine installed in the bank is out of order, it is called as operational risk.
o    When the loans are not repaid in time, it is called as credit risk.
o    The first Indian bank to open a branch outside India in London in 1946 is bank of India.
o    Soiled note means a note which has become dirty due to usage and also includes a two piece note pasted together wherein both the pieces presented belong to the same note and form the entire note.
o    Mutilated banknote is a banknote of which a portion is missing or which is composed of more than two pieces.
o    Imperfect banknote means any banknote which is wholly or partially, obliterated, shrunk , washed, altered but doesnot include a multilated banknote
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One Liners of Banking Awareness Part-II

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o    The first banknote issued by independent India wa the one rupee note issued in 1949
o    KYS is an acronym for Know Your Customer a term used for customer identification process.
o    KYC has two components- Identity and address
o    Commercial Paper(CP) is an unsecured money market instrument issued in the form of a promissory note
o    Commercial Paper(CP) was introduced in India in 1990.
o    Corporates, primary dealers and the all India Financial institutions are eligible to issue CP
o    Commercial Paper(CP) can be issued for maturities between a minimum of 7 Days and a maximum of upto 1 year from the date of issue.
o    Commercial Paper(CP) can be issued in denominations of Rs 5 lakh or multiples thereof.
o    Every issuer must appoint an issuing and payment agent for issuance of CP.
o    A term deposit is a contract between the bank and the customer for a definite term and it cannot be paid prematurely at the bank’s option. Banks have the freedom to determine their own penal rates of interest for premature withdrawal of term deposits
o    Base rate system has replaced the erstwhile Benchmark Prime lending rate system with effect from July 2010
o    RTGS stands for REAL TIME GROSS SETTLEMENT
o    The RTGS system is primarily meant for large value transactions. The minimum amount to be remitted through RTGS is Rs 2 Lakh. There is no upper ceiling for RTGS transactions
o    NEFT – NATIONAL ELECTRONIC FUNDS TRANSFER is a nation – wide payment system facilitating one to one funds transfer.
o    There is no limit- either minimum or maximum- on the amount of funds that could be transferred using NEFT.
o    IFSC or INDIANFINANCIAL SYSTEM CODE is an alpha-numeric code that uniquely identifies a bank branch participating in the NEFT system
o    ECS- Electronic Clearing System is an electronic mode of payment/receipt for transactions that are repetitive and periodic in nature
o    MICR – MAGNETIC INK CHARACTER RECONGNITION is a 9 digit code to identify the location of the bank branch; the first 3 characters represent the city, next 3 the bank and lat 3 the branch
o    The first bank in India to be given an ISO certification is CANARA Bank
o    The First Indian bank to have been started solely with Indian capital is PUNJAB NATIONAL BANK
o    Cheque Truncation system(CTS) is the process of stopping the flow of the physical cheque issued by a drawer at some point with the presenting bank en-route to the drawee bank branch.
o    The FULL FORM of CORE in Core banking Solution is Centralized Online Realtime Exchange
o    Inflation in India is measured on gross domestic product(GDP)
o    Central Government levies taxes on income(except income on agriculture which by state govt.) , customs duties, central excise and service tax.
o    VAT, stamp duty, state excise, land revenue and profession tax are levied by state government
o    Allahabad Bank is the oldest public sector bank in India
o    Divideneds are profits the company distributes to shareholders
o    Bankruptcy is a legal action in which a person who is not able to repay his loans satisfactorily is declared bankrupt by a court order
o    Indian Stock market has three mainstream stock exchanges- BSE, NSE and MCX-SX

An amazing story on Marvan Attapattu, Srilankan Cricketer

It’s a story that Harsha Bhogle, India’s most loved cricket commentator,loves to tell, over and over again. 

Making his debut in Test cricket for Sri Lanka, Marvan scored a duck in his first innings. And again, in his second innings.They dropped him. So he went back to the nets for more practice. More first-class cricket. More runs. Waiting for that elusive call. 

And after twenty-one months, he got a second chance.This time, he tried harder. His scores: 0 in the first innings, 1 in the second Dropped again, he went back to the grind. And scored tonnes of runs in first-class cricket. Runs that seemed inadequate to erase the painful memories of the Test failures. 

Well, seventeen months later, opportunity knocked yet again. Marvan got to bat in both innings of the Test. His scores: 0 and 0. Phew!Back to the grind. Would the selectors ever give him another chance? They said he lacked big-match temperament. His technique wasn’t good enough at the highest level. Undaunted, Marvan kept trying.

Three years later, he got another chance. This time, he made runs. He came good. And in an illustrious career thereafter, Marvan went on to score over 5000 runs for Sri Lanka. That included sixteen centuries and six double hundreds. And he went on to captain his country. All this despite taking over six years to score his second run in Test cricket. Wow! What a guy!

How many of us can handle failure as well as he did? Six years of trying, and failing. He must have been tempted to pursue another career. Change his sport perhaps. Play county cricket. Or, oh well, just give up. But he didn’t. And that made the difference.The next time you are staring at possible failure or rejection, think of Marvan.

And remember this: If you don’t give up, if you believe in yourself, if you stay the course, the run will eventually come. What more you could even become captain some day.

One more thing, Marvan is a qualified Srilankan Chartered Accountant.