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14th August 2017

Economic Times

Ø  Tata plans to hive off power co’s engineering division
Ø  Sebi takes CARE Ratings to question Crisil deal
Ø  Syntel Telecom set to buy Enkay Technologies
Ø  PSB auditors under lens for write-downs
Ø  Over 9.3 crore PANs linked with Aadhaar
Ø  Indian insurance cos lag globally in digitisation: CII-PwC
Ø  DLF promoters, GIC may ink pact on Rs 13K cr deal

Business Standard

Ø  Cracking open the shells of Kolkata's 'paper firms'
Ø  Poor housing sales push DLF Q1 net debt up by Rs 802 cr
Ø  Indian insurance firms lag globally in digitisation: Report
Ø  Govt forms Anomalies Panel to look at CPSE pay revision issues
Ø  IOC buys first shale oil, steps up imports from US
Ø  Donald Trump may order investigation into China's trade practices

Business Line

Ø  Maharashtra to probe alleged misuse of land by L&T
Ø  CAG raps BHEL for ‘benefiting’ Megha Engineering
Ø  Anti-dumping levy on opal glassware from China, UAE
Ø  Piyush Goyal rules out review of 5% GST on solar equipment
Ø  Steel importers skirting anti-dumping duty, say domestic firms
Ø  NBFCs are now a bankable source of funds for SMEs 

 Mint

Ø  Trai website to soon display telcos tariff plans: Trai chief R.S. Sharma
Ø  Govt orders study on future structure of MMTC, STC, PEC
Ø  Tesla not opening base at JNPT SEZ, says Nitin Gadkari
Ø  Sebi starts issuing showcause notices to suspected shell companies
Ø  Stopped sharing company information with Vijay Mallya since February: UBL

Financial Express

Ø  Indian economic cycle entering strongest phase: Report
Ø  Maharashtra posts slow growth in recovery of taxes, arrears in FY16: CAG report
Ø  Public lenders focussed on bad debts than credit growth: Economic Survey
Ø  India July retail inflation seen picking up for first time in 4 months

 Financial Chronicle

Ø  Cofco in race for Shree Renuka mill in Brazil
Ø  Petroleum products will not be brought under GST: MP Fin Min
Ø  Forex Reserves at fresh all-time high of $393 billion
Ø  Slowdown in credit growth more pronounced in PSBs
Ø  Mauritius fund offers $1.67b for Sahara's Aamby Valley
What is Full Form of OCB ?

Rolling paper is also used for rolling cigarettes i.e to roll tobacco in the papers.
Outontrip has tied up with the largest rolling paper company in the world- HBI Europe. They hold the brands like RAW, Wiz Khalifa, Juicy Jays- Flavored papers, Elements etc. Full form of OCB is Odet-Cascadec-Ballore.
What causes a soccer ball to take a curved path when kicked ?

The spin on a soccer ball is determined by how it is kicked. By giving the ball a
spin a soccer player can cause its path through the air to curve or bend. The curving is caused by a force, called the Magnus effect, caused by the air moving over the spinning ball.
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💎According to Weber, in a social system the manner in which power is legitimized determines the nature of administrative system. Elucidate (10 Marks/200 words)?
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Model Answer :

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A social system legitimizes power in different ways depending upon their process of socialization. Weber emphasizes the theory of domination or the ability to exercise power and authority, through a social process of justification or legitimization. Each different legitimized power will result in different forms of Administrative systems. They are traditional , charismatic, and legal authority.
Traditional authority derives its legitimacy from the acceptance of its hoary past and customs. The traditional authoritarian ‘Masters’ also gave orders based on their personal discretion to ‘Followers’. According to Weber, under this type of authority ,the administration becomes irrational as development of rational regulations is impeded. However all actions are legitimised in the name of customs and traditions.
Charismatic authority is a result of special qualities of an individual personality to be able to induce a belief in his disciples . The stipulated rules take a back seat and the activities of disciples depends upon likes and dislikes of their leader.
Manifestation of legal authority is found in organisations where rules are applied judicially. Law is principle of organisation as well as authority. It is completely rational and maintains hierarchy and and legal authority which is suitable for modern government.
Weber believed that all the three types of authority claim legitimacy as long as the rule accepted them. (Total Words-215)
(Linkages : Max Weber and Administrative System, Social System and Administrative System, Legitimized Power and Administrative System, Max Weber and Types of Authority)
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Increasing competition among regional navies for dominance in the Indian ocean region


Despite growing tensions with China, Indian Navy would join the People’s Liberation Army (PLA) Navy in a maiden maritime search and rescue exercise to be chaired by Bangladesh at the Indian Ocean Naval Symposium (IONS) in November this year.
What is Indian Ocean Naval Symposium (IONS)?
It is a regional forum of Indian Ocean littoral states, represented by their Navy chiefs, launched by India in February 2008.
It presently has 23 members and nine observers.
Under the charter of business adopted in 2014, the grouping has working groups on Humanitarian Assistance and Disaster Relief (HADR), Information Security and Interoperability (IS&I) and anti-piracy now renamed as maritime security.
The working group’s conferences are held annually and India had chaired the one on HADR in May this year and Pakistan had chaired the meeting on IS&I in July.
Main concerns
The exercise comes at a time of intensifying competition among regional navies for dominance in the Indian
Bangladesh is also scheduling an “extraordinary conclave of Chiefs,” a meeting of chiefs of Navy before it hands over the Chair to Iran next year
India has considerably expanded its engagement with countries to further its own interests as well as to check the rapid expansion of Chinese naval forays in the Indian Ocean.
Other countries in the region are also engaged in rapid expansion of their military capabilities.
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[Mains Paper 3: Economy]
Mobilization of resources

Tax compliance in India

The Prime Minister is expected to highlight the increase in tax compliance as reflected by the recent surge in income tax returns filings in his address to the nation on August 15
A 25.3 per cent increase in ITR filings by individuals is a proof of rise in tax compliance
Reason for rise in tax compliance?
Income tax department has attributed the increase in income tax returns filed this year to demonetisation and Operation Clean Money.
Tax experts have linked the increased compliance by taxpayers to higher enquiries made by the tax department after demonetisation last year
Economic Survey for 2016-17 
The increased tax compliance figures, have not translated into higher tax collections as was mentioned in the Volume two of Economic Survey for 2016-17
The Survey notes, “the growth of taxpayers post-demonetisation was significantly greater than in the previous year (45 per cent versus 25 per cent). The addition amounted to about 5.4 lakh taxpayers or 1 per cent of all individual taxpayers in just a few months.
The addition to the reported taxable income (of these new payers) was about Rs 10,600 crore. So, the tax base did expand after demonetisation.
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Governance | Welfare schemes for vulnerable sections of the population by the Centre and States and the performance of these schemes; mechanisms, laws, institutions and Bodies constituted for the protection and betterment of these vulnerable sections

If implemented, it would help to distribute reservation in a more rational way.

New Idea of Categorisation
Government is thinking about the idea of sub-categorisation among OBCs 
How can it be done?
There are two potential ways
Through a commission for sub-categorisation/classification on a socio-economic basis within OBCs
Or by re-constituting the NCBC with a term of reference for sub-classification

Currently, there is no sub-categorisation among OBCs at the national level
However, Bihar have a quota within quota for OBCs based on sub-categories
Why is government thinking about it?
This step will help to ensure that the benefits are distributed fairly among constituent castes instead of going only to a few dominant ones

Mandal Commission
The Mandal Commission was established in India in 1979 by the Janata Party government under Prime Minister Morarji Desai with a mandate to “identify the socially or educationally backward.”
It was headed by Indian parliamentarian B.P. Mandal to consider the question of seat reservations and quotas for people to redress caste discrimination, and used eleven social, economic, and educational indicators to determine backwardness
In 1980, the commission’s report affirmed the affirmative action practice under Indian law whereby members of Other Backward Classes (OBC), were given exclusive access to a certain portion of government Jobs and slots in public universities, and recommended changes to these quotas, by 27% Mobilization on caste lines had followed the political empowerment of ordinary citizens by the constitution of free India that allowed common people to politically assert themselves through the right to vote.
How do Metro cards and Tokens work ?

Metro Cards and Token works on NFC technology. Machines on all the metrostations are NFC reader and writer machines. They write station code in the card when you enter a station and when you exit they calculate distance based on the station code entered in the card. The info is stored in thecard/token itself.
✔️ Government launches Pradhan Mantri Vaya Vandana Yojana for senior citizens
=============
▪️The Union Finance Ministry has launched Pradhan Mantri Vaya Vandana Yojana (PMVVY), a pension scheme exclusively for senior citizens aged 60 years and above.

▪️Under this scheme, senior citizens will get a guaranteed interest of 8% for 10 years depending upon the investment made by them.

✔️ Features of PMVVY
------------------
▪️This PMVVY scheme will be available from May 4, 2017 to May 3, 2018. Life Insurance Corporation of India (LIC) has been given the sole privilege to operate the scheme. It can be purchased offline as well as online through LIC.

▪️This scheme provides an assured return of 8% per annum payable monthly for 10 years on single lumpsum premium ranging from Rs. 150000 (minimum) to Rs.750000 (maximum). Pension (minimum: Rs.1000/ month; maximum: Rs.5000) will be payable at the end of each period, during the policy term of 10 years, as per the frequency of monthly, quarterly, half-yearly, yearly as chosen by the pensioner at the time of purchase.

▪️It is exempted from goods and services (GST) tax. It will offer senior citizens more avenues to earn steady regular income at a time of falling interest rates. On survival of the pensioner to the end of the policy term of 10 years, the purchase price of the scheme along with the final pension instalment will be payable.

▪️The scheme also offers loan up to 75% of the purchase price after 3 policy years (to meet the liquidity needs). Loan interest will be recovered from the pension instalments and loan will be recovered from claim proceeds.

▪️The scheme allows for premature exit for the treatment of any critical terminal illness of self or spouse. On such premature exit, 98% of the purchase price would be refunded. On death of the pensioner during the policy term of 10 years, the purchase price should be paid to the beneficiary.
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Goods and Services Tax (GST) regime

LPG, kerosene, jewellery and currency are among the common use items that have been exempted from the requirement of obtaining electronic permits for transportation under the GST regime.
E-way bills?
GST regime, mandates obtaining permits called e-way bills for transporting goods consignment of more than Rs 50,000 in value with a view to checking tax evasion.
E-way bill is also not required if goods are transported by non-motorised conveyances. Goods transported from international ports to hinterland ports for clearance by customs have been exempted from the requirement.
The electronic permit would have to be generated when consignment value exceeds Rs 50,000 and is optional if the value is less than that.
The e-way bills, which can be checked by designated tax officials by intercepting a transporting vehicle, are aimed at helping authorities keep track of goods and inter-state commerce.
GST Council in its last meeting approved a list of 153 items that have been exempted from the requirement of obtaining e- way bills.
Exemptions
These include domesticated animals like live bovine animals, swine and fish, fruits and vegetables, fresh milk, honey, seeds, cereals and flour.
Also exempted is movement of betel leaves, non-alcoholic toddy, raw silk, khadi, earthen pot and clay lamps, puja samagri and hearing aids.
Human hair, semen including frozen semen and condoms and contraceptives have also been exempted.
https://karpathuias.blogspot.in/2017/08/Worldsmostspokenlanguages.html
Tamil: Origin (according to first appearance as script) - 300 BC

The earliest example of the language can be traced back to 300 BC, but its origin is believed to be during 2500 BC or so. In today's world, around 78 million people in the world speak Tamil. It is this fact of contemporary utility that makes Tamil the longest surviving language in the world

Sanskrit:Origin (according to first appearance as script) - 2000 BC

Considered to be the 'language of the Gods', Sanskrit is the ancient language of India. The earliest example of this language can be found in the second millennium BC. The language is still spoken by small group of people. The influence of Sanskrit on several western languages is known to all. The basic language of computers were also constructed along the principles of Sanskrit

Greek: Origin (according to first appearance as script) - 1500 BC

Once upon a time all prominent philosophers and scholars of the world used to think, speak and write Greek. The language dates back to around 1500 BC. At present, around 13 million people living in Greece and Cyprus. It is also recognized as an official language by the European Union

Chinese: Origin (according to first appearance as script) - 1250 BC

Chinese is the first language for the most number of people in the world. Around 1.2 billion people consider Chinese to be their first language. The origin of the language has been traced back to 1250 BC in the late Shang dynasty. Along with Tamil, Chinese is one of the oldest surviving languages in the world that has this much contemporary value

Hebrew: Origin (according to first appearance as script) - 1000 BC

It is believed by many that Hebrew has been used for the last 5000 years. However, the earliest example of Hebrew has been found around 1000 BC. The language ceased to be a spoken tongue from 200 CE to 400 CE. At present, around 9 million people speak Hebrew across the world

Latin: Origin (according to first appearance as script) - 75 BC

Latin is one of the oldest classical languages that have survived through the winds of time. Like Sanskrit, Latin has also influenced numerous languages over the course of time. The earliest appearance of this language can be traced back to the days of the Roman Empire, which was formed around 75 BC. Latin is still the official language of Poland and the Vatican City and is still learned by millions around the world.

Arabic: Origin (according to first appearance as script) - 512 CE

At present, around 290 million people consider Arabic as their first language. The earliest example of Arabic inscription dates back to 512 CE. Middle-East countries like UAE, Saudi Arabia, Lebanon, Syria, Iraq, Iran, Israel, Egypt, Jordan, Kuwait, Oman and others use Arabic for official documents and consider it as their native language.
Why the seats and curtains in theaters are red in color ?

There is scientific reason behind it. Red is the first colour that is lost to our sight in low-light conditions, which thus makes the surroundings seem black and unobtrusive when watching a movie or performance.
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The decision will help companies to solve their problem of stress assets

Relaxed norms by SEBI
SEBI relaxed norms for a stake purchased in distressed listed companies by lenders, exempting them from making open offers for shareholders
It is a relief to banks and other lenders holding stressed assets
It will help listed companies in distress, as it will benefit their shareholders and lenders
Relaxation is subject to some conditions
The relaxation will be subject to certain conditions, including shareholders’ approval of the stake acquisition by way of special resolution
Also, It will be subject to a lock-in of their shareholding for a minimum three years.
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SSC CGL EXAM GA QUESTIONS 18TH AUGUST SHIFT 1

1.Britishers forced West Bengal farmers to grow which crop

2. 2nd largest phyllum

3. jurisdiction of supreme court to hear direct cases without going to a lower court first.

4. writ jurisdiction of supreme court. for violation of fundamental rights.

5. soil health card scheme
6. books and authors correct matches.

7. Himalayas between Teesta and dihang is called

8. text touch editor is present in which software

9. economy q .... input equals output is called

10. lime water is

11. one complete oscillation in pendulum is known as

12. what forms forms first during xylem formation

13.metal react with naoh releases

14. another name of platelets
15 62nd Filmfare award best film winner

16.which Mongol invaded india in 1219 AD

17. painting became famous during which Mughal emperor reign.

18. central planned economy country of 20th century

19. due to increased nutrient in water which algae growth occurs

20. 2015 rugby male team winner

21. HDI rank of USA.

22. 2014 FIFA winner

23. system where plants animals live together.

24. electric team was invented by

25. bus service between India and Pakistan is known as

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GENERAL AWARENESS QUESTIONS
18th AUGUST SHIFT -1 SSC CGL 2017

Q1. What is the another name of platelets?
Ans: Thrombocytes

Q2. Who got 62 Filmfare award 2017?
Ans:

Q3. Match the following : (Book & Author Name)


Q4. In 1219 Mangol invade on which region?

Q5. When someone directly approach supreme court instead of High court then which jurisdiction applied?
Ans:Writ Jurisdiction

Q6. Which Mughal Emperor introduced Painting ?
Ans:Humayun
Q7. One question from Economy[Input & Output related].

Q8. Central Plant Economy in which country?

Q9. When any metal reacts with NaOH, then what is the product?
Ans:Hydrogen

Q10. What is known as the time taken by Pendulum to cover one round?
Ans:

Q11. Excess of nutrients in water cause?
Ans: Eutrophication

Q12. Who got man rugby award 2015?
Ans:Daniel Carter
Q13. What is the outer most layer of xylem?
Ans:Epidermis

Q14. Dihang river in which region of Himalaya?
Ans:

Q15. Which Yojana made by Government for Soil card?
Ans:Soil Health Card Scheme


Q16.Who invented Electric Tram?

Ans: Fyodor Pirotsky

Q17.British forced plantation of which crop in Bengal?
Ans:Tea