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Posted: 06 Sep 2017 06:08 AM PDT
(Notification) Recruitment of IBPS Clerk 2017
Important Dates
| Activity | Tentative Dates |
| On-line registration including Edit/Modification of Application by candidates | 12.09.2017 to 03.10.2017 |
| Payment of Application Fees/Intimation Charges (Online) | 12.09.2017 to 03.10.2017 |
| Download of call letters for Pre- Exam Training | November 2017 |
| Conduct of Pre-Exam Training | 13.11.2017 to 18.11.2017 |
| Download of call letters for Online examination – Preliminary | November 2017 |
| Online Examination – Preliminary | 02.12.2017, 03.12.2017,
09.12.2017 & 10.12.2017 |
| Result of Online exam – Preliminary | December 2017 |
| Download of Call letter for Online exam – Main | January 2018 |
| Online Examination – Main | 21.01.2018 |
| Provisional Allotment | April 2018 |
ELIGIBILITY CRITERIA
Candidates, intending to apply for CWE Clerks-VII should ensure that they fulfil the minimum eligibility criteria specified by IBPS in this advertisement:
I. Nationality / Citizenship:
A candidate must be either -
(i) a Citizen of India or (ii) a subject of Nepal or (iii) a subject of Bhutan or (iv) a Tibetan Refugee who came over to India before 1st January 1962 with the intention of permanently settling in India or (v) a person of Indian origin who has migrated from Pakistan, Burma, Sri Lanka, East African countries of Kenya, Uganda, the United Republic of Tanzania (formerly Tanganyika and Zanzibar), Zambia, Malawi, Zaire, Ethiopia and Vietnam with the intention of permanently settling in India, provided that a candidate belonging to categories (ii), (iii), (iv) & (v) above shall be a person in whose favour a certificate of eligibility has been issued by the Government of India.
Age Limit :
II. Age (As on 01.09.2017):
Minimum: 20 years Maximum: 28 years i.e. A candidate must have been born not earlier than 02.09.1989 and not later than 01.09.1997 (both dates inclusive)
| Sr.No. | Category | Age Relaxation |
| 1 | Scheduled Caste/Scheduled Tribe | 5 years |
| 2 | Other Backward Classes (Non-Creamy Layer) | 3 years |
| 3 | Persons With Disabilities | 10 years |
| 4 | Ex-Servicemen / Disabled Ex-Servicemen | actual period of service rendered in the defence forces + 3 years (8 years for Disabled Ex-Servicemen belonging to SC/ST) subject to a maximum age limit of 50 years |
| 5 | Widows, divorced women and women legally separated from their husbands who have not remarried | 9 years |
| 6 | Persons ordinarily domiciled in the State of Jammu & Kashmir during the period 01.01.1980 to 31.12.1989 | 5 years |
| 7 | Persons affected by 1984 riots | 5 years |
| 8 | Regular employees of the Union Carbide Factory, Bhopal retrenched from service (Applicable to Madhya Pradesh state only) | 5 years |
Educational Qualifications:
A Degree (Graduation) in any discipline from a University recognised by the Govt. Of India or any equivalent qualification recognized as such by the Central Government.
The candidate must possess valid Mark-sheet / Degree Certificate that he/ she is a graduate on the day he / she registers and indicate the percentage of marks obtained in Graduation while registering online.
Computer Literacy: Operating and working knowledge in computer systems is mandatory i.e. candidates should have Certificate/Diploma/Degree in computer operations/Language/ should have studied Computer / Information Technology as one of the subjects in the High School/College/Institute.
Proficiency in the Official Language of the State/UT (candidates should know how to read/ write and speak the Official Language of the State/UT) for which vacancies a candidate wishes to apply is preferable.
Ex-Servicemen who do not possess the above civil examination qualifications should be matriculate ExServicemen who have obtained the Army Special Certificate of Education or corresponding certificate in the Navy or Air Force after having completed not less than 15 years of service in the Armed Forces of the Union as on 03.10.2017. Such certificates should be dated on or before 03.10.2017.
SELECTION PROCESS
PRE-EXAMINATION TRAINING
Pre-Examination Training may be arranged by the Nodal Banks/ Participating Organisations to a limited number of candidates belonging to Scheduled Caste/ Scheduled Tribes/ Minority Communities/ Ex-Servicemen/ Persons With Benchmark Disabilities at certain centres viz. Agartala, Agra, Ahmedabad, Allahabad, Amritsar, Aurangabad, Balasore, Bareilly, Behrampur (Ganjam), Bengaluru, Bhopal, Bhubaneshwar, Chandigarh, Chennai, Coimbatore, Dehradun, Dhanbad, Gorakhpur, Gulbarga, Guwahati, Hubli, Hyderabad, Indore, Jabalpur, Jaipur, Jammu, Jodhpur, Kanpur, Karnal, Kavaratti, Kochi, Kolkata, Lucknow, Ludhiana, Madurai, Mangalore, Mumbai, Muzaffarpur, Mysore, Nagpur, New Delhi, Panaji (Goa), Patiala, Patna, Port Blair, Puducherry, Pune, Raipur, Rajkot, Ranchi, Rohtak, Sambalpur, Shimla, Shillong, Siliguri, Thiruchirapalli, Thiruvananthapuram, Tirupati, Vadodara, Varanasi, Vijaywada and Vishakhapatnam.
All eligible candidates who opt for and wish to avail of Pre-Examination Training should fill in the relevant column in the ON-LINE APPLICATION. While training will be imparted free of cost, all other expenses regarding travelling, boarding, lodging etc. will have to be borne by the candidate for attending the preexamination training programme at the designated Centres. Depending on the response and administrative feasibility the right to cancel any of the Pre- Examination Training Centres and/ or add some other Centres and/or make alternate arrangements is reserved.
By merely attending the Pre-Examination Training no candidate acquires any right to be selected in any of the Participating Organisations mentioned.
SYLLABUS
I. The structure of the Examinations which will be conducted online are as follows:
a. Preliminary Examination
| S.No. | Name of Tests | No. of Questions | Maximum Marks | Duration |
| 1 | English Language | 30 | 30 | Composite time of 1 hour |
| 2 | Numerical Ability | 35 | 35 |
| 3 | Reasoning Ability | 35 | 35 |
| | Total | 100 | 100 | |
Candidates have to qualify in each of the three tests by securing cut-off marks to be decided by IBPS. Adequate number of candidates in each category as decided by IBPS depending upon requirements will be shortlisted for online Main examination.
b. Main Examination
| S.No. | Name of Tests (NOT BY SEQUENCE) | No. of Questions | Maximum Marks | Time allotted for each test (Separately timed) |
| 1 | General/ Financial Awareness | 50 | 50 | 35 minutes |
| 2 | General English | 40 | 40 | 35 minutes |
| 3 | Reasoning Ability & Computer Aptitude | 50 | 60 | 45 minutes |
| 4 | Quantitative Aptitude | 50 | 50 | 35 minutes |
| | Total | 190 | 200 | 160 minutes |
Examination Centres
(i) The examination will be conducted online in venues across many centres in India. The tentative list of Examination centres for the Preliminary exams and those for Main exams is available in Annexure II.
(ii) No request for change of centre for Examination shall be entertained.
(iii) IBPS, however, reserves the right to cancel any of the Examination Centres and/ or add some other Centres, at its discretion, depending upon the response, administrative feasibility, etc.
(iv) IBPS also reserves the right to allot the candidate to any centre other than the one he/she has opted for and a candidate may be allocated a centre of exam outside the State/UT for which vacancies he/she is applying.
(v) Candidate will appear for the examination at an Examination Centre at his/her own risk and expenses and IBPS will not be responsible for any injury or losses etc. of any nature.
(vi) Any unruly behaviour/misbehaviour in the examination hall may result in cancellation of candidature/ disqualification from this exam and also from future exams conducted by IBPS
| State Code | State /UT / NCR | Preliminary Examination Centre | Main Examination Centre |
| 11 | Andaman & Nicobar | Port Blair | Port Blair |
| 12 | Andhra Pradesh | Chirala, Chittoor, Guntur, Hyderabad, Kakinada, Kurnool, Nellore, Ongole, Puttur, Rajahmundry, Srikakulam, Tirupati, Vijaywada, Vishakhapatnam, Vizianagaram | Guntur, Kurnool, Vijaywada, Vishakhapatnam |
| 13 | Arunachal Pradesh | Itanagar, Naharlagun | Itanagar |
| 14 | Assam | Dibrugarh, Guwahati, Jorhat, Kokrajhar, Silchar, Tezpur | Guwahati |
| 15 | Bihar | Arrah, Aurangabad, Bhagalpur, Bihar Sharif, Darbhanga, Gaya, Hajipur, Muzzafarpur, Patna, Purnea, Samastipur, Siwan | Arrah, Hajipur, Patna |
| 16 | Chandigarh | Chandigarh | Chandigarh |
| 17 | Chandigarh | Bhilai, Bilaspur, Raipur | Raipur |
| 18 | Dadra & Nagar Haveli | Surat, Jamnagar | Surat |
| 19 | Daman & Diu |
| 20 | Delhi | Bahadurgarh, Delhi, Faridabad, Ghaziabad, Greater-Noida, Gurgaon | Delhi, Faridabad, Ghaziabad, Greater-Noida, Gurgaon |
| 21 | Goa | Panaji, Verna | Panji |
| 22 | Gujarat | Ahmedabad, Anand, Gandhinagar, Himatnagar, Jamnagar, Mehsana, Rajkot, Surat, Vadodara | Ahmedabad, Gandhinagar |
| 23 | Haryana | Ambala, Hissar, Karnal, Kurukshetra, Palwal, Panipat, Sonipat, Yamuna Nagar | Hissar |
| 24 | Himachal Pradesh | Baddi, Bilaspur, Dharamshala, Hamirpur, Kangra, Kullu, Mandi, Shimla, Sirmaur, Solan, Una | Shimla, Solan |
| 25 | Jammu & Kashmir | Jammu, Kathua, Samba, Srinagar | Jammu, Srinagar |
| 26 | Jharkhand | Bokaro, Dhanbad, Hazaribagh, Jamshedpur, Ranchi | Jamshedpur, Ranchi |
| 27 | Karnataka | Belgaum, Bengaluru, Bidar, Gulbarga, Hubli, Mangalore, Mysore, Shimoga, Udupi | Bengaluru |
| 28 | Kerala | Alappuzha, Kannur, Kochi, Kollam, Kottayam, Kozhikode, Malappuram, Palakkad, Thiruvananthapuram, Thrissur | Kochi, Thiruvananthapuram |
| 29 | Lakshadweep | Kavaratti | Kavaratti |
| 30 | Madhya Pradesh | Bhopal, Gwalior, Indore, Jabalpur, Sagar, Satna, Ujjain | Bhopal, Indore |
| 31 | Maharashtra | Amaravati, Aurangabad, Chandrapur, Dhule, Jalgaon, Kolhapur, Latur, Mumbai/Thane/Navi Mumbai, Nagpur, Nanded, Nasik, Pune, Ratnagiri, Sangli, Satara | Aurangabad, Mumbai/Thane/Navi Mumbai, Nagpur, Pune |
| 32 | Manipur | Imphal | Imphal |
| 33 | Meghalaya | Ri-Bhoi, Shillong | Shillong |
| 34 | Mizoram | Aizawl | Aizawl |
| 35 | Nagaland | Kohima | Kohima |
| 36 | Odisha | Angul, Balasore, Bargarh, Baripada, Berhampur(Ganjam), Bhubaneshwar, Cuttack, Dhenkanal, Jharsuguda, Rourkela, Sambalpur | Bhubaneshwar |
| 37 | Puducherry | Puducherry | Puducherry |
| 38 | Punjab | Amritsar, Bhatinda, Fategarh Sahib, Jalandhar, Ludhiana, Mohali, Pathankot, Patiala, Phagwara, Sangrur | Bhatinda, Jalandhar, Ludhiana, Mohali, Patiala |
| 39 | Rajasthan | Ajmer, Alwar, Bhilwara, Bikaner, Jaipur, Jodhpur, Kota, Sikar, Udaipur | Jaipur |
| 40 | Sikkim | Gangtok | Gangtok |
| 41 | Tamil Nadu | Chennai, Coimbatore, Dindigul, Krishnagiri, Madurai, Nagercoil, Namakkal, Perambalur, Salem, Thanjavur, Thiruchirapalli, Thoothukodi, Tirunelveli, Vellore | Chennai, Madurai, Tirunelveli |
| 42 | Telangana | Hyderabad, Karimnagar, Khammam, Warangal | Hyderabad |
| 43 | Tripura | Agartala | Agartala |
| 44 | Tripura | Agra, Aligarh, Allahabad, Bareilly, Bulandhshaher, Gorakhpur, Jhansi, Kanpur, Lucknow, Mathura, Meerut, Moradabad, Muzaffarnagar, Unnao, Varanasi | Agra, Allahabad, Kanpur, Lucknow, Meerut, Varanasi |
| 45 | Uttarakhand | Dehradun, Haldwani, Haridwar, Roorkee | Dehradun |
| 46 | West Bengal | Asansol, Bardhaman, Berhampur, Durgapur, Greater Kolkata, Hooghly, Howrah, Kalyani, Kolkata, Siliguri | Hooghly, Kalyani, Greater Kolkata |
IDENTITY VERIFICATION
(i) DOCUMENTS TO BE PRODUCED
In the examination hall, the call letter along with a photocopy of the candidate’s photo identity (bearing exactly the same name as it appears on the call letter) such as PAN Card/ Passport/ Driving Licence/ Voter’s Card/ Bank Passbook with photograph/ Photo identity proof issued by a Gazzetted Officer/ People’s Representative 9 along with a photograph / Identity Card issued by a recognised college/ university/ Aadhar card with a photograph/ Employee ID should be submitted to the invigilator for verification. The candidate’s identity will be verified with respect to his/her details on the call letter, in the Attendance List and requisite documents submitted. If identity of the candidate is in doubt the candidate may not be allowed to appear for the Examination.
Ration Card will not be accepted as valid id proof for this project.
In case of candidates who have changed their name, they will be allowed only if they produce original Gazette notification / their original marriage certificate / affidavit in original.
HOW TO APPLY
Candidates can apply online only from 12.09.2017 to 03.10.2017 and no other mode of application will be accepted.
Pre-Requisites for Applying Online Before applying online, candidates should—
(i) scan their photograph and signature ensuring that both the photograph (4.5cm × 3.5cm) and signature adhere to the required specifications as given in Annexure III to this Advertisement.
(ii) Signature in CAPITAL LETTERS will NOT be accepted.
(iii) keep the necessary details/documents ready to make Online Payment of the requisite application fee/ intimation charges
(iv) have a valid personal email ID, which should be kept active till the completion of this round of Common Recruitment Process. IBPS may send call letters for the Examination etc. through the registered e-mail ID. Under no circumstances, a candidate should share with/mention e-mail ID to / of any other person. In case a candidate does not have a valid personal e-mail ID, he/she should create his/her new e-mail ID before applying on-line and must maintain that email account.
Application Fees/ Intimation Charges Payable from 12.09.2017 to 03.10.2017 (Online payment), both dates inclusive, shall be as follows
- Rs. 100/- for SC/ST/PWD/EXSM candidates. - Rs. 600 /- for all others
Courtesy : IBPS
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Posted: 06 Sep 2017 05:48 AM PDT
Daily Questions Challenge for IBPS Exams - 6 September 2017
Write and Discuss Your Answer with Q.No in Comment Box at the Bottom of Post.
Ques 1) RCEP stands for?
1) Regional Cooperation for Economic partnership 2) Regional Comprehensive Economic Partnership 3) Regular Comprehensive Economic Partnership 4) None of the Above
Ques 2)Chairman of National Human Rights Commission is
1) Retired Supreme court judge 2) Retired Chief Justice of India 3) Serving High court judge 4) Serving Chief Justice of India
Ques 3)Which of the following article refers to Review petition
A) 300 B) 21 C) 44 D) 137
Answer:
1 (2), 2 (2), 3 (D)
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Posted: 06 Sep 2017 05:42 AM PDT
Current Affairs for BANK, IBPS Exams 6 September 2017
::National::
Plea challenging appointment of CVC
- The Centre told the Supreme Court that K.V. Chowdary was appointed Central Vigilance Commissioner (CVC), the chief of the country’s top anti-corruption body, with the “unanimous consensus” of a high-profile committee led by the Prime Minister in June 2015.
- Arguing before a Bench of Justices Arun Mishra and M.M. Shantanagoudar, Attorney-General K.K. Venugopal submitted that the track records of both Mr. Chowdary and T.M. Bhasin, one of the two vigilance commissioners at the Central Vigilance Commission, were vetted before their appointments.
- Mr. Venugopal was responding to allegations raised in a PIL petition filed by NGO, Centre for Integrity, Governance and Training in Vigilance Administration, represented by advocates Prashant Bhushan and Pranav
- Sachdeva, in 2015 challenging the appointments as “arbitrary, illegal and in violation of the principle of institutional integrity.”
- While Mr. Chowdary was appointed the CVC on June 6, 2015, Mr. Bhasin took charge as the VC on June 11.
- Mr. Venugopal further questioned the powers of the judiciary to review the appointments made unanimously by the PM committee, which also includes the Leader of the Oppositionand the Home Minister.
- The Bench responded that it did not, at this point, want to go into the “realm of merits of the candidates”, but simply wanted to see whether the eligibility criteria were fulfilled at the time of appointments. Mr. Venugopal assured the court that enquiries were made about the officers before their appointments.
NHRC takes suomotu cognisance over 80 children death
- The tragedy happened at a government hospital in Banswara district within 2 months
- Taking suomotu cognisance of media reports, the National Human Rights Commission issued a notice to the Rajasthan government over the death of over 80 children within a span of two months at a government hospital in Banswara district.
- While issuing notice to the Rajasthan Chief Secretary, the NHRC asked for a report in four weeks as well as information on the steps taken to improve the conditions in the hospital.
- The NHRC asked the Chief Secretary to provide information about the steps taken for sensitising healthcare institutions to be more attentive.
- “The negligence on part of the hospital authorities amounts to violation of right to life of poor victims” the statement from NHRC read.
SC questions the logic in keeping different age limits for the marriage of girls
- The legislature may have taken a conscious decision to retain the minimum age range for marriage between 15 and 18 for girls considering the socio-economic conditions of the country, the government argued in the Supreme Court.
- A Bench of Justices M.B. Lokur and Deepak Gupta questioned the government about the logic behind keeping different minimum ages for marriage under different laws.
- The Bench said the age of consent varies from the Indian Penal Code to the Prohibition of Child Marriage Act to the Hindu Marriage Act ..What is the logic in keeping different age limits for the marriage of girls
- The court termed child marriages in the country “not marriages but mirages”.
- The court had earlier said it was unfortunate that parents drove their minor children into marriage. It is a hard reality and is unfortunate that most of the child marriages happening in the country are arranged by parents of the girl child. However, to this, there are odd exceptions when a minor boy and girl fall in love and marry on their own.
- It is hearing a petition filed by an NGO, Independent Thought, challenging Exception 2 to Section 375 (rape) of the Indian Penal Code, which permits “sexual intercourse with a girl child aged between 15 and 18 only on the ground that she is married”.
SC to hear curative petition against sec 377
- High interest after privacy verdict
- The Supreme Court is likely to hear on September 8 curative petitions against Section 377 of the Indian Penal Code, a colonial-era provision criminalising consensual sexual acts of Lesbian, Gay, Bisexual and Transgender (LGBT) adults in private.
- On February 2, 2016, a Bench led by the then Chief Justice of India, T.S. Thakur, indicated that the petitions needed to be referred to a five-judge Constitution Bench for a possible back-to-roots, in-depth hearing.
- The three-judge Bench of CJI Thakur and Justices Anil R. Dave and J.S. Khehar gave credence to arguments that the threat imposed by Section 377 amounted to denial of the rights to privacy and dignity, and resulted in gross miscarriage of justice.
- The fight against Section 377 got a major boost when a nine-judge Bench of the Supreme Court, while upholding the right to privacy as a fundamental right intrinsic to life and liberty, ripped apart a 2014 judgment dismissing the case against Section 377.
- The nine-judge Bench on August 28 observed that the chilling effect of Section 377 “poses a grave danger to the unhindered fulfilment of one’s sexual orientation, as an element of privacy and dignity”.
- In separate judgments, the Constitution Bench led by then Chief Justice of India J.S. Khehar concluded that the 2014 verdict by a two-judge Bench of the apex court pandered to a “majoritarian” view to turn down the LGBT community their inherent fundamental rights of life, personal liberty, equality and gender discrimination.
- The 2014 judgment’s view that “a minuscule fraction of the country’s population constitutes lesbians, gays, bisexuals or transgenders” was not a sustainable basis to deny the right to privacy, Justice D.Y. Chandrachud observed in his judgment.
- The curative petitions was the last stand for the over a decade-old legal fight for LGBT rights. The Review Bench of the Supreme Court, in January 2014, had agreed with its original appeal judgment on December 11, 2013, setting aside the historic verdict of the Delhi High Court. The High Court had declared Section 377 unconstitutional.
Blue Whale game
- A 17-year-old-girl who had a blue whale carved on her arm was rescued by the police after she tried to kill herself by jumping into the Kaylana lake on the outskirts of Jodhpur.
- The girl apparently wanted to complete the final task of the Blue Whale Challenge online game by ending her life.
- The girl told the policemen that her mother would die and her family would be in trouble if she did not complete the game’s final challenge. The girl repeatedly asked the policemen to let her jump [into water], and requested them not to inform her family members.
- The girl, reportedly the daughter of a Border Security Force soldier and a resident of Mandore area in Jodhpur city, had left her home on the pretext of going to the market. When she did not return, her parents called her on her mobile phone. When the call was answered by a stranger, they panicked. They rushed to the police station with a missing person’s complaint and a hunt was launched for the girl.
- Shortly after, the girl was spotted riding her motorcycle around the Kaylana lake, located 8 km to the west of Jodhpur on Jaisalmer Road. Mr. Sihag said the police team repeatedly called out to her and asked her to come back but she rushed to the cliff and jumped into the lake.
- A group of divers in the vicinity rescued the girl from the lake. The police handed her over to her family. She told the police that she had downloaded the Blue Whale game in her mobile phone a few days ago. She had been finishing the tasks assigned to her until she reached the final stage.
- This was the latest in a series of instances reported from the country of deaths or suicide attempts linked to the Blue Whale game.
::INDIA AND WORLD::
India-China
- Talks underscored the need to avoid recurrence of Doklam-type crisis
- Looking beyond the Doklam crisis, India and China decided to open a new “forward looking” round of engagement, anchored by fresh mechanisms to ensure calm at the borders.
- With the recently resolved standoff in the Sikkim sector as the touchstone, Prime Minister Narendra Modi and President Xi Jinping, during their one-on-one meeting, agreed to establish new ways to prevent the recurrence of such incidents.
- From foreign secretary S. Jaishankar’s brief interaction with the media after the meeting, it appeared that the focus of the bilateral was on border Confidence Building Measures (CBMs), rather than fresh ideas to resolve the festering boundary dispute between the two countries.
- Analysts say that it remains to be seen whether the “constructive start” at Xiamen, will yield “solid anchorage” capable of withstanding the regional headwinds that India and China are likely to encounter in the future, as they deepen their ties in the Indian Ocean and the Asia-Pacific.
- The meeting between the two leaders took place after joint statement from the BRICS summit, which for the first time pointed to a convergence between India and China on international terrorism.
- Mr. Jaishankar said the two leaders agreed that efforts should be made to ensure that “defence and security (personnel) must maintain strong contact and cooperation” at the borders. In a veiled reference to the Doklam face-off, he stressed that regular contacts at the frontiers were necessary to “ensure that [the] sort of situation which happened recently should not recur.”
- One of the important points which were made at the meeting was that peace and tranquility in the border areas was a prerequisite for the further development of the bilateral relationship and there should be more effort to really enhance and strengthen the mutual level of trust between the two sides.
- The Foreign Secretary pointed out that organisations such as the Asian Infrastructure Investment Bank (AIIB) and the BRICS could supplement interaction between the two countries at the “intergovernmental” level, to build a robust relationship in the future.
- In China, there is a growing perception among a section of the intelligentsia that the closure of the Doklam crisis has opened a fresh round of calibrated bonding between the two countries.
- China had become “more attentive to India’s concerns in the fight against terrorism,” referring to the BRICS joint statement, where, for the first time, China, at the highest level, did not object to the listing of Pakistan-based Jaish-e-Mohammad and Lashkar-e-Taiba as international terror groups.
Ten noble commitments’ for BRICS by Modi
- PM calls for coordinated action on counter-terrorism, cybersecurity and disaster management
- Prime Minister Narendra Modi pitched for a coordinated action on counter-terrorism, cybersecurity and disaster management, as he suggested 10 “noble commitments” through which BRICS could achieve leadership in global transformation.
- At the BRICS Emerging Markets and Developing Countries Dialogue organised by China on the sidelines of the 9th BRICS Summit as an outreach exercise, Mr. Modi said India had a long tradition of partnerships with fellow developing countries, while pursuing its own aspirations for growth.
- “Whatever we do, will impact the world substantially. So, it is our solemn duty to make a better world — brick by brick, or, through BRICS..,” Mr. Modi said.
- The 10 noble commitments suggested by the Prime Minister included creating a safer world by “organised and coordinated action on at least three issues: counter-terrorism, cybersecurity and disaster management.”
- Other noble commitments suggested by Mr. Modi were: creating a greener world, creating an enabled world, creating an inclusive world, creating a digital world, creating a skilled world, creating a healthier world, creating an equitable world, creating a connected world and creating a harmonious world.
- Apart from Mr. Modi, leaders of Brazil, Russia, China, South Africa and five guest countries Egypt, Tajikistan, Thailand, Mexico and Guinea attended the dialogue.
- He said recently India completed its first voluntary review of Sustainable Development Goals (SDGs).
::INTERNATIONAL::
Japan plans to develop missiles in the wake of threat from neighbours
- Japan faces an unprecedented threat to its existence from North Korea’s possession of hydrogen bomb.
- Speaking at an event organised by a think tank, KatsuyukiKawai indicated that Japan faced twin nuclear threats from North Korea and “expansionist” China and, therefore, wanted to develop long range missiles, ending its post-World War II stance.
- Japan’s national security environment has been drastically changed since the crisis in the Korean peninsula escalated. Under the present conditions Japanese Self Defence Forces may consider acquiring Inter-Continental Ballistic Missiles and cruise missiles to deal with the threat we are facing
- Mr. Kawai indicated that North Korean thermo-nuclear tests had shaken the security arrangement in East Asia which came up following the Second World War. Tokyo was considering all options to deter North Korea’s missile and thermo-nuclear capabilities.
- The upcoming visit of Prime Minister Shinzo Abe to India is also significant in view of the recent tension on the India-China border. Mr. Kawai welcomed the end of the standoff at Doklam.
- Japanese media reports have indicated that Mr Abe will visit India between September 12 and 14 when he will hold bilateral discussion with Prime Minister Narendra Modi and attend a ceremony to start a high speed railway project. A Japanese advance team visited India, laying the ground for Abe-Modi talks on railways and infrastructure.
- The Abe-Modi talks would be the first major opportunity for Japan to share its concerns on the North Korean developments with India, which had deplored the recent hydrogen-bomb test by North Korea.
Trump administration discontinued amnesty scheme for young immigrants
- The Donald Trump administration discontinued an Obama-era immigration reform measure that protected from deportation people who had entered the U.S. illegally as children.
- “(T)he programme known as DACA that was effectuated under the Obama administration is being rescinded,” Attorney-General Jeff Sessions said.
- The former President had introduced the Deferred Action for Childhood Arrivals (DACA) as an interim relief even as a debate on a comprehensive immigration reform to address the status of 11 million undocumented residents in America was caught in a political logjam for years.
- The Department of Homeland Security stopped processing any new applications under the programme but will continue to renew permits for anyone whose status expires in the next six months. If the U.S. Congress does not pass a law on their status within the six months, people will be at risk of being deported.
- Since 2012, the DACA has helped 8,00,000 young adults to pursue education and career opportunities in America. The programme gives beneficiaries renewable two-year work permits and Social Security numbers and more opportunity for higher education. About 1% of the beneficiaries (8,000 persons) of have been of Indian origin, according to the U.S. Customs and Immigration Services.
- A Pew study estimated that in 2014, around five lakh out of a total of 11 million Indians were in America illegally. Asia, encompassing South Asian nations such as India as well as East Asian countries including China, was the birthplace of 1.4 million U.S. unauthorised immigrants, or 13% of the total in 2014.
- The Trump Administration’s cruel decision to not save the DACA programme will affect many Indians in America. A lot of people think that Indians do not have to worry about their immigration status, but this is false...
- Undocumented Indian youth who have DACA status are now in a position where they don’t know if they can keep their jobs or if they have to live in fear of immigration officials coming to their door.
- Trump’s decision is inhumane, and it reflects this administration’s relentless attacks on immigrants and anyone perceived as being different.
- Several lawmakers, including some Republicans, have opposed the move.
Rohingya crises
- Dhaka has urged the international community to mount pressure on Myanmar to stop pushing its nationals into Bangladesh and take back Rohingya refugees, who are crossing in the thousands following fresh military onslaught in Rakhine State .
- The call was given by Prime Minister Sheikh Hasina who said that the huge influx is a “big burden” for Bangladesh because it already has hundreds of thousands of Myanmar refugees living in its southeast distr
- The newly appointed Indonesian Ambassador Rina PrihtyasmiarsiSoemarno met her during the day, and the country’s Foreign Minister RetnoMarsudi reached Dhaka following her visit to Myanmar where she had urged
- Aung San Suu Kyi to end the ongoing violence against Rohingya Muslims.
- Malaysia summoned Myanmar’s Ambassador to express displeasure over the violence and scolded Myanmar for making “little, if any” progress on the problem.
::ECONOMY::
Undersea pipeline from Iran- India would be beneficial
- Proposed 1,300-km line can save $1 billion annually; will avoid Pakistani waters
- A 1,300-km undersea pipeline from Iran, avoiding Pakistani waters, can bring natural gas from the Persian Gulf to India at rates less than the price of LNG available in the spot market, proponents of the pipeline.
- Releasing a study on the Iran-India gas pipeline, former oil secretary T.N.R. Rao said natural gas imported through the more than $4-billion line would cost $5-5.50 per million British thermal unit at the Indian coast, cheaper than the rate at which some of the domestic fields supply gas.
- Liquefied natural gas, or LNG, imported through ships costs about $7.50 per million British thermal unit.
- Mr. Rao, who is the chairman of the advisory board of South Asia Gas Enterprise Pvt. Ltd. (SAGE) — the firm wanting to lay the undersea line — said the pipeline can first travel to Oman, and then onwards to Porbandar in the state of Gujarat.
- According to the study the cost of landed gas through an undersea pipeline will be at least $2 cheaper than importing LNG, saving about $1 billion annually.
- The pipeline is planned to carry 31.5 million standard cubic meters gas per day and will be built in two years from the date of necessary approvals and a gas sale and purchase agreement (GSPA) being signed.
- The subsea pipeline is being seen as an alternative to the on-land, Iran-Pakistan-India pipeline. New Delhi has not been participating in talks on the 1,036-km Iran-Pakistan-India gas pipeline since 2007 citing security and commercial concerns. But, it has never officially pulled out of the $7.6 billion project.
RCEP- India plans
- At the forthcoming ministerial-level meeting on the proposed Free Trade Agreement (FTA) involving 16 Asia-Pacific nations, India will raise concerns regarding the ‘slow’ pace of negotiations on services trade liberalisation as opposed to ‘higher priority’ being accorded to commitments to open up goods trade in the region.
- The mega-FTA is known in official parlance as the Regional Comprehensive Economic Partnership (RCEP). It involves the 10-member ASEAN bloc and its six FTA partners including India, China, Japan, South Korea, Australia and New Zealand.
- The new commerce minister Suresh Prabhu will be representing India during the fifth RCEP Ministerial Meeting, which is slated to be held on September 10 in Manila on the sidelines of the ASEAN Economic Ministers
- Meeting and related meetings with ASEAN’s major trading partners. This would be Mr. Prabhu’s first major international trade meeting as the new commerce minister.
- India is learnt to be upset that other RCEP nations seem to be focused more on “extracting as much (binding commitments) as possible on eliminating tariffs to open up goods trade”, instead of sticking to the RCEP
- ‘Guiding Principles and Objectives’ which state that the “negotiations on trade in goods, trade in services, investment and other areas will be conducted in parallel to ensure a comprehensive and balanced outcome.”
- India will “talk tough and state that any more discussions” on opening up goods trade will be only after ensuring that negotiations on services trade liberalisation “catch up” with talks on goods trade.
- India is keen that in return for agreeing to open up goods trade (where most RCEP nations have an advantage), other member nations must commit to substantial liberalisation of services trade – including on easing norms on movement of professionals and skilled workers across borders for short-term work.
- India is seeking support for its proposal on an ‘RCEP Travel Card’ for the purpose. India is relatively strong in services with its vast pool of professionals.
HP tablet to enable State services
- Device has been designed to monitor Aadhaar-based subsidy distribution
- HP Inc India introduced its range of ‘Made for India’ tablets to enable digital delivery of services and benefits with prices starting at Rs. 19,374.
- The Pro8 tablet range, the company said, was aimed at supporting financial inclusion and monitoring subsidy distribution through Aadhaar authentication, among other things.
- The device range has been specially designed for rugged Indian field conditions. The Pro8 tablet range comprises an 8-inch tablet, coupled with a host of customisable configurations that include [an] iris scanner and [a] fingerprint reader for Aadhaar-based authentication, magnetic stripe reader and thermal printer for transaction management and bar code reader for inventory management and tracking.
- The devices were designed by HP’s Digital India Unit with inputs from public and private sector customers. They feature a sunlight readable screen for outdoor usage, a large battery for uninterrupted operation in the field, and a dust- and water-resistant build, with support for Indian languages.
- The tablets, targeted mainly at government use, feature Android OS ‘Marshmallow’, Quad Core Processor; 2GB RAM; 16 GB storage plus 64 GB expandable memory; 4G LTE connectivity with Bluetooth; Wi-Fi, and GPS enabled; and 6,000 mAh high capacity battery.
Govt. to bring out policy to develop agri-clusters and boost farm exports
- The government will soon bring out a policy to develop agricultural clusters and boost farm exports
- In 10th Agriculture Leadership Summit 2017 Mr. Prabhu said, “If there are clusters for industry, why should we not think about clusters for agriculture. Farmers have the right to access global markets and get better prices (for their produce) and for that we will put in place a good policy framework soon.” He added, “We have to develop global supply chains and we will work on that.”
- The minister said at the multi-lateral level too there was work to be done to eliminate trade restrictions. Mr. Prabhu said he would be soon meeting trade ministers in Manila and Seoul in this regard.
- On the World Trade Organisation-level negotiations, he said there would be a ministerial conference in Argentina in December. Our agenda is going to be very aggressive. This is a development round .We will ensure that
- Indian farmers get their due by getting better price from global markets. This is very important and this is going to be part of the strategy to increase farmers’ income in India.
Finance Ministry asks banks to restrict accounts of 2.09 lakh firms
- The finance ministry has advised all banks to take immediate steps to restrict transactions in bank accounts of more than 2.09 lakh companies, whose names have been struck off the Register of Companies.
- Banks have also been advised to step up due diligence while dealing with all firms in general and been alerted that even if a firm is ‘active’ in the corporate affairs ministry database, it should be seen with ‘suspicion’ if it has failed to file statements or returns.
- On July 1, Prime Minister Narendra Modi had first revealed the government’s decision to cancel the registrations of one lakh companies that had suspicious and questionable operations, identified on the basis of data mined from the deposit of bank notes following last November’s demonetisation of Rs. 500 and Rs. 1,000 notes.
- The PM had promised more action would follow on two lakh similar firms and 38,000 shell companies. Tuesday’s statement reveals that progress has been made in scrapping another 1,09,032 firms under the Companies Act since then.
- The existing directors and authorised signatories of such struck-off companies will now become ex-directors or ex-authorised signatories. These individuals will therefore not be able to operate bank accounts of such companies till such companies are legally restored under Section 252 of the Companies Act by an order of the National Company Law Tribunal.
- Since such ‘struck off’ companies have ceased to exist, action has been initiated to restrict the operation of [their] bank accounts. The Department of Financial Services has, through the Indian Banks Association, advised all banks to take immediate steps to put restrictions on bank accounts of such struck-off companies.
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Posted: 06 Sep 2017 04:14 AM PDT
Model Questions for IBPS PO PRELIM Exam : Reasoning Set-9
1.How many female graduates are self-employed ?
(1)12 (2)13 (3)1.5 (4)20 (5)None of these
2.How many female graduates are not self-employed?
(1)4 (2)10 (3)12 (d)15 (5)None of these
3.How many non-graduate females are self-employed?
(1)9 (2)11 (3)12 (4)21 (5)None of these
4.How many self-employed female graduates are with bank loan facility?
(1)5 (2)7 (3)12 (4)20 (5)None of these
5.How many non-graduate self-employed females are with bank loan facility?
(1)3 (2)8 (3)9 (4)12 (5)None of these
6.Mr X started walking straight towards North from a point P. After walking 10 m he reached a point Q, Again he turned right and walked 15 m and reached a point R. Again he turned right and walked 30 m and reached a point S. Again he turned left and walked 15 m and reached a point T. Again he turned left and walked 10 m and reached a point U. Approximately what is the shortest distance between the points P and U?
(1)31.62 metre (2)3.3.54 metre (3)36 metre (4)40 metre (5)None of these
7.In a row of boys there are eight persons between P and R and ten persons between Q and R. Three persons are ahead of P and there are fifteen persons behind Q. What is the total number of persons in the row?
(1)17 (2)39 (3)30 (4)Data inadequate (5)None of these
9.Pointing towards a female, Mr X says , "She is the daughter of the father of my matrnal uncle". How is the female related to Mr X?
(1)Mother (2)Maternal aunt (3)Sister (4)Daughter (5)Data Inadequate
10.If 1st January 2001 was monday then 1st January 2015 will be
(1)Monday (2)Tuesday (3)Wednesday (4)Thursday (5)None of these
Answer:
1. (4) 2. (1) 3. (4) 4. (3) 5. (3) 6. (1) 7. (4) 8. (3) 9. (5) 10. (4)
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Posted: 06 Sep 2017 02:03 AM PDT
(Article) Approaching Analytics – A Common Banker’s Perspective
 1. Application of computing in business has grown in expanse and depth very rapidly and added lots of new dimensions in operations, service delivery and business management. Analytics is one such specialised area that can be used to enhance customer experience as well as business manager’s capabilities for directing business efforts with focus. When you call a marketing site and get answered in your preferred language with greetings by name, reckon that analytics have played in the background. You look up a marketing site to view some preferred items , say a TV for example; next time you go to your mailbox to check for emails, advertisements appear here and there on the screen , about those preferred TVs and brands- click it and you are in the marketing site with the specific item on the screen. Surely analytics is playing a part in all these.
2. Data volume gets very big in today’s human activities at business, say like banking, because business delivery and customer operations are on computer, in almost all activities – which means much more information on customer activities are getting captured in computerised environments, leaving trails and records in terms of computerised records. To be able to understand and direct business efforts internally, or, provide rich and meaningful components and contents in customer interactions, all such data related to customer transactions and behaviour, as also external environmental / market data, are required to be captured, understood, studied and analysed. From all such data, selected portions are extracted, suitably restructured for ease of quick retrieval to help in queries made on this big pile of data, and combined into new data elements forms a new and different database. This process is ETL – Extract Transform Load. These information of different items or activities etc., are then put in a different database ; these databases form the base of the activities like storing of information, retrieval and processing to discover trends, rules, patterns of customer behaviour and some more related information. The various types of activities and handling in this area are termed as Data mining, Data Mart, Master Data Management, etc. Under the overall domain of Data Warehouse. Structured and organised data are made of data elements that follow strict rules of length, content type, permissible range of values, etc. However, there will be much other information which may be in texts, pictures, sounds etc. that may be useful to study and rate. For example, apart from price, a design or colour shade of merchandise, may have reasonable influence on customer preference without customer being able to articulate the same. However, by studying customer preferences, the back end system of a seller can have an insight to use for production and marketing strategies. This class of data will not follow a fixed structure, syntax, size or even the form – these constitute what is called ‘unstructured data’.
After we have these data, i.e., original business data and then reconstructed as mentioned above, we need to analyse them to find meaningful insight. This part of activity is Analytics. There are other activities after this to use the findings for internal understanding, relate such findings to the business facts observed (proposing models and testing them for validation), rating of various factors so found and create and test business strategy, customer interaction, marketing strategy etc. Incidentally, always a customer or selling a merchandise, are not the target of the exercise. We bankers may do an Analytics of our MSME loans portfolio, study the repayment histories, the appraisal and sanction procedure, post sanction acts of bank, market conditions, overall external indebtedness of borrower, family earning and loan histories etc.,
to perhaps arrive at a desired accurate formula for making provisions for bad loans. Because the data is diverse and huge - thumb rules or simple averages or projections based on one or two easily measurable factors, will not do. And, if we desire to know while doing a Money Market deal, probability of this deal to cause the bank to exceed any agreed risk exposure level or limit at the whole bank level, then the Analytics and the resulting action have all to be real time, within the activity session of the deal. The narrations above are of course a simplified and narrow bird’s eye view only, the gamut of activities and challenges to understanding data in reality, are much bigger and difficult.
3. Analytics as a part of the integrated data driven operations of an organisation, will usually consist of classifying, segmenting, grouping of data, computing some values (of result, trend, etc.) representation of the same on screen by tables, charts and graphs of different types, dashboards, scoring tables, or similar any other graphic ( for on- screen) presentation providing interactive program for business management to study, change a few parameters and see the effect on the result, etc. For example, we can see the impact of a change in, let us assume, transaction charges to be levied for services - - by trying with various different values of transaction charges, and note the expected changes for the same on the profit or market share; this can be as a graph or bar chart or any other desired format of output on screen that appear about immediately (after entering the varying inputs). This class of activities are often called ‘what-if” exercise. The practice of visually seeing a change in output as an impact of complex business factor interplay, - is called Visual Analytics. Sometimes depending on the domain or platform to be studied or evaluated , a genre of analytics is named – e.g.– Cloud Analytics, Banking Analytics, Risk Analytics, Loan Analytics, in commercial communication. Basically selection of parameters to study, the data elements to be chosen, the features of the output, the business domain specific data elements, and the format of the result to be shown – may often have some specialities or usage norms; they use business rules and concepts of that domain, and can get bundled and sold under such specific names like in the foregoing example; there are no hard and fast rules however.
The major target of analytics is to understand the dynamics of market factors, operational entities, etc., and then be able to predict market response or customer impact, and then finally to provide suitable links, handles, offers in customer interactions in terms of presentation of the interactive internet screen for customer; the customer can be internal – (like in our example of the loan portfolio understanding above)
– who are expected to invoke a favourable action – (like customer gets enthused to purchase an item). With such results for a larger number of sample of customers, the internal team may get helped to select or propose the underlying algorithm and build up a model for implementation and testing The types of analytics that are specifically tailored to predict results or outcomes to help business plans and strategies, have grown into a distinct genre and are referred as Predictive Analytics. As mentioned above, there are many other typenames based on purpose or business domain (Financial Analytics, Big Data Analytics, Customer Analytics for banks, Risk Analytics for banks – which are termed and marketed as specific products by vendors to service providers / banks / business) or on similar segmentations. The major driving forces behind banks going in for analytics may be a few – most notables are:
a. Regulatory Reforms, asking for more and more data based information from banks.
b. Profitability/ Cost cutting in view of increasing competition.
c. Achieving Efficiency in operations.
d. For better Risk management.
e. To obtain better insight into business data and customer preferences – these can be customer segment-wise also, providing a farther segmentation.
f. Attempt to redesign business processes.
g. Fraud Control.
h. Loan delinquency avoidance.
i. Customer satisfaction assessment and enhancement.
j. Call centre or workforce efficiency.
k. Cross selling, customer acquisition, etc.
Hardly, an all pervasive project to kick-start many studies and activities in many domains will get done simultaneously, because business dependence is complex based on multiple factors. Any model or strategy, should better be piloted and tested in parts, by adjusting different parameters one by one, and the overall business system allowed to grow with these, in steps of changes to help stabilisation and correct understanding of effects of a change in each of the many factors in a business situation.
4. Banks handle huge data, and need to do more, which they may not be normally doing – say for example while we study loan defaults on the basis of accounts or customer numbers; however, study of relationship of loan delinquency with customer’s family/lifecycle issue history or projected competition of alternative service providers that may affect banking usage of customers, etc, is not easy, as, dependable data itself may not be there, or their relationship to business results are not understood well. Over and above, the thinking and capabilities required for data crunching and finding patterns in huge volume of data, are not in the core competence areas of bankers. On the other hand, technocrats are not expected to have the business domain knowledge. In this backdrop, it may be appropriate to see how best a simple banker can get along with Analytics in the best interest of the organisation.
5. The various available products of Analytics in the market as they are, suggest that the developers behind them have gained a reasonable insight in the underlying business. The teams of technology experts and business process experts from the providers’ sides have developed these products. The most distinguished and established organisations like Gartner or Forrester rate the capabilities of vendors that get accepted more than for any other ratings in the industry. These ratings tell us company-wise capabilities based on various factors that they explain in these rating releases. However, if we bankers plan to consider a specific genre of product, it will be good to look into the views on the particular product and domain and check that the functionalities and deliverables are in line with what is our plan and our own domain. We may not at the outset, be able to spell out or fully plan the outputs or the resulting product to procure, like we can normally do when we procure a server or few discs or some equipments, or some fixed functionality products like MS Office, etc. There will be some exploratory components in the solution and the outputs. There can be a facility in the solution provided - for user operated (by the banker who is implementing this solution) day to day analysis, report, parameter changes, etc., on a regular basis, or as and when required. It may be useful to adopt a few core outcomes, like capacity addition for understanding/analysing / reporting etc for management support, as the desirables; specifics of the solution can get defined and refined as we go from here. The banker’s team involved in the initiation of the specific analytic must have members knowledgeable in the business process of the underlying specific business area operations, for which an analytic solution is planned to be deployed. In most of the situations, the analytics vendors (that include big names like SAS, IBM ,etc worldwide, as also quite a few niche solution providers are there in the top bracket) have, through the assignments handled, collected knowledge and practices of the business domain and embodied the same in their solutions. So, as such many vendors would be approaching banks with specific solutions – say on credit risk management, or fraud risk management, etc. These are to some extent ready, that a bank can procure, learn operations, put values of parameters, get trained in, and start. This may prove to be a very easy and comfortable option for a functionary in the bank side, because, depth of their expertise or conceptual clarities may not be very great always, due to frequent movements in banks or limited or no experience, or also, the areas are new and growing, or, scope of theoretical grounding and exposure to global knowledge and practices are limited. Whatever it maybe, these together may lead to a situation of vendor dependence for operating expertise and also, thought leadership, This may not be helpful for knowledge enrichment and capacity creation in the bank. It is a good idea to expose the bank team for an analytics task / project, to theoretical concepts and industry best practices- preferably in the domain desired to be controlled or predicted with Analytics. For example – if we need to take up an analytics exercise to find what all to do to improve capital adequacy and block and mitigate factors that erode capital adequacy, even if a vendor arrives with a ready model and solution to fit into – it will be useful to field a team from the bank side consisting of business domain people thoroughly knowledgeable in the concepts of capital adequacy, Basel committee norms and directives, RBI directives, models in industry use in this field, etc., testing and validation concepts like stress testing and other global practices, and also internal working in the bank to the extent that covers how from all the business departments practically which business figures and data emanate and get fed into required capital adequacy computations, and, to what extent. The team also should have one or two Information Technology person(s) who are thoroughly conversant about which data elements pertinent to this domain are sourced from which accounts or operations in IT, if there are processing issues in IT that may have scopes to have bearing on the data values (say some values are repeated from old data if new data is not updated and some others are left blank if new data is not received – the dependability of the data quality gets differently affected in these two cases), and similar inside views. The IT persons are also to act as bridges with IT for interfacing or aligning any analytics input or output from or to the main banking system (core banking) or its subsidiary systems. Apart from proper manning and business knowledge gathering on the issue to be subjected to an analytics exercise, the usual project management that the banks do, often in their own practiced ways – will have to be in place as usual for the analytics project also. However, Analytics being a bit advanced in concepts and far more advanced in IT- in terms of processing capabilities and methods than the usual applications that get added besides corebanking, the processing of the analytics activities are to be in the analytics technical domain mostly. However, we need to have some insight and some understanding in gross terms, about the working models and components of analytics.
In most cases, analytics should lead to Predictive Analytics that should predict outcome (example - in which case the chance of a borrower failing to repay will become high), and suggest actions and produce the appropriate actionable (say a special notice to borrower, or, a special inspection schedule for the loan officer can be produced by the system, or the account can be included in providing for doubtful accounts to a decided extent) , and very desirably- the system should automate the process to a good extent – leaving it for human approval or revision
if desired. The basic purpose is to use superior technical capabilities with control and focus on business goals – not getting overwhelmed or led by technology. Also, providing clean data, appropriate data, data that can be verified to be correct – are very important, as otherwis
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