Indian Economy -Civil Service Gurukul

27 May 2020 09:17

#Fact4UPSCPRELIMS

What is a heatwave?

A Heat Wave is a period of abnormally high temperatures, more than the normal maximum temperature that occurs during the summer season.

Heat Waves typically occur between March and June, and in some rare cases even extend till July.

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Indian Economy -Civil Service Gurukul

26 May 2020 11:01

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Indian Economy -Civil Service Gurukul

28 Jan 2018 04:41

Bank rate or discount rate policy

• Discount means the process of converting a bill into money at an earlier date than that is mentioned in the bill of exchange (maturity date).
• The discount is carried if the receiver of the bill of exchange needs money urgently.
• In this process, the receiver can approach a bank. The bank accepts the bill of exchange
and pays. For this purpose, it can deduct some percentage of money as interest.
Example – for a bill of exchange of 2000 the bank may pay `1840 after deducting 8% interest.
• On the maturity date, the bank will receive full amount from the purchaser. But if the bank needs money urgently the bank will convert these into monies at a lesser discount rate from RBI.
• Example – at 6% the bank will receive 1880. The profit for bank is 40. This is called as rediscount. This rate is called as bank rate or discount rate. Apart from bills of exchange, the commercial banks get their government securities discounted from RBI.
• To be precise, the bank rate or the discount rate is the rate fixed by the central bank at which it rediscounts first class bills of exchange and government securities held by commercial banks.
• By varying bank rate, the RBI controls the credit. If RBI offers discount at a higher rate (increases the bank rate(BR)) the bank’s profit may be affected. So, it will not approach RBI for discounting or will charge higher discount rate from customer. So the customer may not discount his bill. Hence, the money supply will be low. The reverse is the case when RBI reduces the bank rate. So, depending on the economic condition, RBI alters the bank rate. If there is high inflation, the bank rate will be high and vice versa.
• In short – If BR↑(high) → profit of bank↓(low) → money supply↓
• If BR↓ → profit of bank ↑ → money supply↑
• The rate has direct impact on long—term lending activities of the concerned lending
bodies operating in the Indian financial system. The rate was realigned with the MSF (Marginal Standing Facility) by the RBI in February 2012.

Indian Economy -Civil Service Gurukul

27 Jan 2018 20:24

Australia Group (Imp for Prelims-2018)👌👌
-> It aims to prevent proliferation of biological and chemical weapons.
-> The Australia Group decided to admit India as its 43rd participant.

The Australia Group is an informal group of countries (now joined by the European Commission) established in 1985 (after the use of chemical weapons by Iraq in 1984) to help member countries to identify those exports which need to be controlled so as not to contribute to the spread of chemical and biological weapons.

Indian Economy -Civil Service Gurukul

27 Jan 2018 20:24

NABARD is National Implementing Entity for implementation of adaptation project under National Adaptation Fund on Climate Change (NAFCC).👌

Indian Economy -Civil Service Gurukul

27 Jan 2018 20:24

About the Affordable Medicines and Reliable Implants for Treatment (AMRIT) scheme: 👆👆👆
The flagship programme of the Union Health ministry – AMRIT aims to provide affordable life-saving cancer, cardiac drugs and medical disposables. The AMRIT pharmacies offer an average discount of 63% on medicines.
-> The AMRIT programme was launched in November 2015 and is being implemented through mini-ratna PSU HLL Lifecare Ltd (HLL) which has been setting up pharmacies at major hospitals across the country to dispense the medicines.
-> The primary goal of AMRIT is to make available and accessible, at very affordable rates, all drugs, implants, surgical disposables that are not dispensed free of cost by the hospitals.

Indian Economy -Civil Service Gurukul

27 Jan 2018 13:41

Sakshi Garg:
https://www.youtube.com/watch?v=b3hEBoIWZCE

Indian Economy -Civil Service Gurukul

27 Jan 2018 04:55

✅Recent updates
Today is last date to register with GS 3 Guidance program for UPSC.
To get register join soon
@cadhananjay

Indian Economy -Civil Service Gurukul

25 Jan 2018 20:58

Best wishes From Our Commerce Gurukul team

Indian Economy -Civil Service Gurukul

25 Jan 2018 18:08

https://commercegurukulca.blogspot.in/2018/01/latest-and-student-friendly-book-on.html

Indian Economy -Civil Service Gurukul

25 Jan 2018 17:55

Sakshi Garg:
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✅Key Unique features of test series of commerce optional UPSC
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✅3. Test Paper which are carefully created by our expert faculty to enhance and sharpen the aspirant’s'intellectual competence for actual exam. Test paper will based on previous year pattern ,Current affairs and UPSC guidelines.
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✅6. Interactive system conducive for expressing conceptual doubts, discussions and clarifications.
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✅Test series will be started from 27th January and get completed by 28th February 2018.
✅To get schedule of test click on Below link
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Thanks and with best wishes
Sakshi Garg
Secretarty of Commerce Gurukul
Telegram Id - @garg123

Commerce Gurukul
Website- www.commercegurukulca.blogspot.com

Mail- commercegurukulca@gmail.com

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Contact @mkojha

Indian Economy -Civil Service Gurukul

24 Jan 2018 15:30

# Recent Updates.
Test no 3 for Indian economy UPSC will be held on 31/1/2018.
For registration contact at @mkojha

Indian Economy -Civil Service Gurukul

24 Jan 2018 14:32

Xodo Document - Bank Recap & Reforms 2018.pdf

Indian Economy -Civil Service Gurukul

23 Jan 2018 07:40

the World Inequality Report findings (by the World Inequality Lab) released late last year – “Income inequality in India has reached historically high levels with the share of national income accruing to India’s top 1 per cent earners touching 22 per cent in 2014..”


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Oxfam report findings:

The richest 1 per cent in India cornered 73 per cent of the wealth generated in the country last year. Besides, 67 crore Indians comprising the population’s poorest half saw their wealth rise by just 1 per cent.
The situation appears even more grim globally, where 82 per cent of the wealth generated last year worldwide went to the 1 per cent, while 3.7 billion people that account for the poorest half of population saw no increase in their wealth.

Indian Economy -Civil Service Gurukul

22 Jan 2018 18:50

https://commercegurukulca.blogspot.in/2018/01/latest-and-student-friendly-book-on.html

Indian Economy -Civil Service Gurukul

27 May 2020 09:17

#Fact4UPSCPRELIMS


What is the WMTC cycle?


It is a system of driving cycles used to measure fuel consumption and emissions in motorcycles.

The methods are stipulated as part of the Global Technical Regulation established under the UN World Forum for Harmonization of Vehicle Regulations, also known as WP.

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Indian Economy -Civil Service Gurukul

28 Jan 2018 05:01

SBI

State bank group means State bank of India and its associates.
- SBI previous name – “Imperial bank of India”.
o Created in – 1921 by amalgamating 3 banks – Presidency of Bengal, Bombay and Madras.
- By enacting SBI Act, 1955 the government partially nationalized imperial bank of India and renamed it as SBI.
- In 1959 – by enacting SBI (Associates) Act, 1959 the government brought 8 banks of former princely states under SBI as its associates. They were -
o State bank of Bikaner
o State bank pf Jaipur
o State bank of Hyderabad o State bank of Indore
o State bank of Mysore
o State bank of Saurasthra o State bank of Patiala
o State bank of Travancore

- State bank of Bikaner and Jaipur were merged and known as SBBJ (state bank of Bikaner and Jaipur)
- 2008 - State bank of Saurasthra was merged with state bank of India.
- Now number of associate banks is 5
- SBI – largest public sector bank in country.
- Previously RBI was having 92% share in SBI.

o To unload RBI from its administrative work and to endow it with only regulatory functions, RBI’s shareholding was transferred to government of India.

Indian Economy -Civil Service Gurukul

27 Jan 2018 20:24

Protocol for Star Rating of Garbage-Free Cities


The Union Ministry of Housing and Urban Affairs (MoHUA) has launched the ‘Protocol for Star Rating of Garbage-Free Cities’ in Goa. It has been developed under Swachh Bharat Mission – Urban for rating cities on 7-star rating system based on multiple cleanliness indicators for solid waste management.

Key Facts

Indicators: These include Door to Door garbage Collection, source segregation, sweeping, scientific processing of waste, bulk generator compliance, scientific land filling, construction and demolition management, plastic waste management, dump remediation & citizen grievance redressal system etc.
Rating: Cities will be rated as 1, 2, 3, 4, 5 and 7 star based on their compliance with protocol conditions specified for each of rating. City will be given rating of 3 star or above only after it is declared ODF (Open Defecation Free).
Cities can self-declare themselves as 1-star, 2-star or 4-star provided that MoHUA carry out additional verification through independent third party to certify cities as 3-star, 5-star or 7-star. Cities need to get themselves recertified every year to retain their star-status.


Significance

It provides stakeholders with single metric to rate a city’s cleanliness, rather than separately evaluating multiple factors which contribute to city’s overall cleanliness and garbage free status. It will assess many cities for having higher stars as compared to only one city being “Cleanest city” under Swachh Survekshan.

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Indian Economy -Civil Service Gurukul

27 Jan 2018 20:24

Western Disturbance 👌
-> It refers to a system of low pressure that moves from the west to the east, bringing moisture from Eurasian water bodies, and is responsible for winter rain in northwestern India and snowfall in the Himalayan tracts.

Indian Economy -Civil Service Gurukul

27 Jan 2018 20:24

Inclusive Development Index (IDI) 👆👆👆
-> The Inclusive Development Index (IDI) 2018, a report published by the World Economic Forum, ranked India 62 out of the total 74 emerging countries
-> The index namely has three pillars of growth for global economies: growth and development; inclusion, intergenerational equity and sustainability.
-> The report says that the IDI is ‘designed as an alternative to GDP that reflects more closely the criteria through which people evaluate their respective countries’ economies’.

Indian Economy -Civil Service Gurukul

27 Jan 2018 15:47

https://youtu.be/CnFi_EzWUI0

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Indian Economy -Civil Service Gurukul

27 Jan 2018 09:50

For registration


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Indian Economy -Civil Service Gurukul

26 Jan 2018 15:19

Sakshi Garg:
🏆Best Telegram Channel🏆
✅Best channel for UPSC prelims and mains 2018 ✅
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Indian Economy -Civil Service Gurukul

25 Jan 2018 18:18

Sakshi Garg:
🏆Best Telegram Channel🏆
✅Best channel for UPSC prelims and mains 2018 ✅
For UPSC prelims and Mains 2018
✅Join 🔜 t.me/missionias18

✅For Indian Economy
Join 🔜 t.me/economyupsc

✅For knowledge sharing platform for CA , CS , CWA and Commerce and UPSC
Channel- Join 🔜 t.me/commerce_commercegurukul


✅For commerce optional UPSC.
Group - Join 🔜 t.me/commerce_optional

✅For Motivation and Spirituality
Join🔜 t.me/dhyaana

✅For tax , GST & Business Consultancy
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Indian Economy -Civil Service Gurukul

25 Jan 2018 18:03

# Recent Updates
Report and Indices pdf file has been send to registered students.
for registration contact at @cadhananjay

Indian Economy -Civil Service Gurukul

24 Jan 2018 20:51

https://commercegurukulca.blogspot.com/2018/01/market-failure.html

Indian Economy -Civil Service Gurukul

24 Jan 2018 14:32

👆banking reform

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Indian Economy -Civil Service Gurukul

24 Jan 2018 09:52

Sakshi Garg:
🏆Best Telegram Channel🏆
✅Best channel for UPSC prelims and mains 2018 ✅
For UPSC prelims and Mains 2018
✅Join 🔜 t.me/missionias18

✅For Indian Economy
Join 🔜 t.me/economyupsc

✅For knowledge sharing platform for CA , CS , CWA and Commerce and UPSC
Channel- Join 🔜 t.me/commerce_commercegurukul


✅For commerce optional UPSC.
Group - Join 🔜 t.me/commerce_optional

✅For Motivation and Spirituality
Join🔜 t.me/dhyaana

✅For tax , GST & Business Consultancy
Join🔜 t.me/rajdhan1

Indian Economy -Civil Service Gurukul

22 Jan 2018 19:12

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Indian Economy -Civil Service Gurukul

22 Jan 2018 09:28

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