What happens in an atom bomb explosion?
Unlike an atomic power plant, where a chain reaction for splitting uranium is allowed to run in a controlled way, in an atomic bomb it runs at lightning speed and totally out of control. The explosion gives rise to temperature of over 10 million °C. This strong heating creates an immense pressure wave. The pressure and the heat wave destroy everything in its surroundings. Tens of thousands of people were killed immediately when the two American atom bombs were thrown on Hiroshima and Nagasaki on August 6 and August 9, 1945, respectively. The infamous 'mushroom cloud' rock up to a height of 13 km and about 20 minutes later radioactive rain fell from this cloud on the two cities. A number of people have died or have developed abnormalities which are the consequences of the radioactivity caused during the explosion.👍👍 ⤴
Unlike an atomic power plant, where a chain reaction for splitting uranium is allowed to run in a controlled way, in an atomic bomb it runs at lightning speed and totally out of control. The explosion gives rise to temperature of over 10 million °C. This strong heating creates an immense pressure wave. The pressure and the heat wave destroy everything in its surroundings. Tens of thousands of people were killed immediately when the two American atom bombs were thrown on Hiroshima and Nagasaki on August 6 and August 9, 1945, respectively. The infamous 'mushroom cloud' rock up to a height of 13 km and about 20 minutes later radioactive rain fell from this cloud on the two cities. A number of people have died or have developed abnormalities which are the consequences of the radioactivity caused during the explosion.👍👍 ⤴
🌅 What is Wireless Electricity Technology?
Wireless power transfer (WPT),wireless power transmission, wireless energy transmission, or electromagnetic power transfer is the transmission of electrical energy without wires. Wireless power transmission technologies use time-varying electric, magnetic, or electromagnetic fields.
🌅
What did the Europeans gain by exploring Africa?
With the discovery of the sea route to India, the Europeans became increasingly familiar with the continent of Africa; explorers particularly took note of its extensive and diverse natural reserves. Gold and diamonds were found in plenty in the south of Africa. The British and the Boers fought here for a good bargain. Even the Churches began to take interest in this continent and sent their missionaries deep into interior of Africa. From all over Africa, especially Timbuktu, numerous tribal people were caught and forcibly sent over to America as slaves.👍👍👍
Wireless power transfer (WPT),wireless power transmission, wireless energy transmission, or electromagnetic power transfer is the transmission of electrical energy without wires. Wireless power transmission technologies use time-varying electric, magnetic, or electromagnetic fields.
🌅
What did the Europeans gain by exploring Africa?
With the discovery of the sea route to India, the Europeans became increasingly familiar with the continent of Africa; explorers particularly took note of its extensive and diverse natural reserves. Gold and diamonds were found in plenty in the south of Africa. The British and the Boers fought here for a good bargain. Even the Churches began to take interest in this continent and sent their missionaries deep into interior of Africa. From all over Africa, especially Timbuktu, numerous tribal people were caught and forcibly sent over to America as slaves.👍👍👍
Why is it difficult for the wandering albatross to take off?
Wandering albatrosses are quite heavy, and have to do a warm-up before lifting themselves up into the air-just like an aircraft that increases its speed on the runway. They often have difficulty if the wind speed is below 12 km/h. They usually glide when they are in the air because a lot of energy is consumed in flapping their wings. Albatrosses, which have the largest wingspan of 3-5 m in the animal kingdom, cover thousands of kilometers in the air and are capable of remaining in the air without flapping their wings for several hours. They mate for life and return to the small islands to the north of Antarctic for breeding.🌅
Wandering albatrosses are quite heavy, and have to do a warm-up before lifting themselves up into the air-just like an aircraft that increases its speed on the runway. They often have difficulty if the wind speed is below 12 km/h. They usually glide when they are in the air because a lot of energy is consumed in flapping their wings. Albatrosses, which have the largest wingspan of 3-5 m in the animal kingdom, cover thousands of kilometers in the air and are capable of remaining in the air without flapping their wings for several hours. They mate for life and return to the small islands to the north of Antarctic for breeding.🌅
Reliance Defence Launched it's first two Navy Ship SHACHI and SHRUTI
● Reliance Defence and Engineering Limited (RDEL) launched the first two Naval Offshore Patrol Vessels (NOPVs) — Shachi and Shruti at their shipyard in Pipavav, Gujarat.
● These two NOPVs are the first warships to be launched by a private sector shipyard in India. These ships are part of a five-ships being constructed for the Indian Navy under the P-21 project.
★ About NOPVs
The NOPVs are primarily patrol ships to undertake surveillance of the country’s vast Exclusive Economic Zone (EEZ). They also undertake operational tasks such as anti-piracy patrols, maritime security of offshore assets, fleet support operations, coastal security operations, and protection of shipping lanes.
The five NOPVs constructed by RDEL are armed with a 76 mm Super Rapid Gun Mount (SRGM) system along with two 30 mm AK-630 guns, which provide medium range and short range offensive and defensive capabilities.
The armaments of these vessels are remotely controlled through an electronic fire control system. They are also fitted with 20,000 KW diesel engine-driven propulsion systems and can deliver speeds up to 25 knots.
★ Background
RDEL, subsidiary of Reliance Infrastructure is the first private shipyard in India to obtain defence production licence and sign a contract for defence ships in 2011. It is also engaged in construction of one training ship and 14 Fast Patrol Vessels (FPVs) for the Indian Coast Guard.
Previously, RDEL also had built ships for varied clients including offshore support vessels for ONGC, ice bulk carriers for a Norwegian company and offshore deck cargo barges for NPCC-UAE. It also has repaired and retrofitted commercial and defence ships as well as mobile oil drilling platforms for international clients.
● Reliance Defence and Engineering Limited (RDEL) launched the first two Naval Offshore Patrol Vessels (NOPVs) — Shachi and Shruti at their shipyard in Pipavav, Gujarat.
● These two NOPVs are the first warships to be launched by a private sector shipyard in India. These ships are part of a five-ships being constructed for the Indian Navy under the P-21 project.
★ About NOPVs
The NOPVs are primarily patrol ships to undertake surveillance of the country’s vast Exclusive Economic Zone (EEZ). They also undertake operational tasks such as anti-piracy patrols, maritime security of offshore assets, fleet support operations, coastal security operations, and protection of shipping lanes.
The five NOPVs constructed by RDEL are armed with a 76 mm Super Rapid Gun Mount (SRGM) system along with two 30 mm AK-630 guns, which provide medium range and short range offensive and defensive capabilities.
The armaments of these vessels are remotely controlled through an electronic fire control system. They are also fitted with 20,000 KW diesel engine-driven propulsion systems and can deliver speeds up to 25 knots.
★ Background
RDEL, subsidiary of Reliance Infrastructure is the first private shipyard in India to obtain defence production licence and sign a contract for defence ships in 2011. It is also engaged in construction of one training ship and 14 Fast Patrol Vessels (FPVs) for the Indian Coast Guard.
Previously, RDEL also had built ships for varied clients including offshore support vessels for ONGC, ice bulk carriers for a Norwegian company and offshore deck cargo barges for NPCC-UAE. It also has repaired and retrofitted commercial and defence ships as well as mobile oil drilling platforms for international clients.
Q1.The Union and its Territory is mentioned in which part of the Indian Constitution:
Ans:Part I
Q2.Fundamental Rights is mentioned in which part of the Indian Constitution:
Ans:Part III
Q3.Directive Principles of State Policy is mentioned in which part of the Indian Constitution:
Ans:Part IV
Q4.Part II of the Indian Constitution is about:
Ans:Citizenship
Q5.The Union Government is mentioned in which part of the Indian Constitution:
Ans:Part V
Q6.The State Government is mentioned in which part of the Indian Constitution:
Ans:Part VI
Q7.The Union Territories is mentioned in which part of the Indian Constitution:
Ans:Part VIII
Q8.The Panchayats is mentioned in which part of the Indian Constitution:
Ans:Part IX
Q9.Relations between the Union and the States is mentioned in which part of the Indian Constitution:
Ans:Part XI
Q10.Elections is mentioned in which part of the Indian Constitution:
Ans:Part XV
Ans:Part I
Q2.Fundamental Rights is mentioned in which part of the Indian Constitution:
Ans:Part III
Q3.Directive Principles of State Policy is mentioned in which part of the Indian Constitution:
Ans:Part IV
Q4.Part II of the Indian Constitution is about:
Ans:Citizenship
Q5.The Union Government is mentioned in which part of the Indian Constitution:
Ans:Part V
Q6.The State Government is mentioned in which part of the Indian Constitution:
Ans:Part VI
Q7.The Union Territories is mentioned in which part of the Indian Constitution:
Ans:Part VIII
Q8.The Panchayats is mentioned in which part of the Indian Constitution:
Ans:Part IX
Q9.Relations between the Union and the States is mentioned in which part of the Indian Constitution:
Ans:Part XI
Q10.Elections is mentioned in which part of the Indian Constitution:
Ans:Part XV
👍1
Global School Of Economics
*26th July 2017*
@UPSC_2018
Ø Large state-run banks may be added to ETF bag
Ø Sebi may ask cos to keep bourses in loop on defaults
Ø '10 public sector banks have submitted turnaround plans'
Ø 133 cos owe over Rs 3,39,704 cr to exchequer: Jaitley
Ø India 'abusing' trade remedy measures: China
Ø Sahara chief asked to deposit Rs 1,500 cr by Sept 7
Ø Niti Aayog cites 'fragile finances' for AI divestment
Ø Airtel, Voda face bigger threat from Google, FB than Jio
Business Standard
Ø LIC to offload excess stake in firms in 2 years
Ø Tata Steel to consider take over of firms at NCLT
Ø Bharti Airtel Q1 net takes massive 75% hit on Jio impact
Ø Bhushan Steel's market share, big customers attractive bet for JSW Steel
Ø Axis Bank June quarter net profit falls 16% to Rs 1,360 cr
Ø Vodafone, Idea CEOs expect merger to be completed in 2018
Ø Sebi asks commodity bourses to identify 'sensitive' agricultural products
Business Line
Ø Power discom dues down by half since June last
Ø Over 7 lakh new registrations under GST: Adhia
Ø Vedanta Q1 consolidated profit more than doubles
Ø US footwear major Skechers steps into apparel, accessories
Ø Cochin Shipyard's Rs. 1,470-cr IPO opens on August 1
Ø Unichem Labs gets USFDA nod for hypertension drug
Mint
Ø RBI stops printing Rs 2000 notes, focus turns to new Rs 200 notes
Ø Hero MotoCorp Q1 profit rises 3.5% on higher sales
Ø Amtek Auto bankruptcy case admitted by NCLT Chandigarh bench
Ø PSU banks plan capital raising amid NPA clean-up
Ø HDFC Bank’s impeccable asset quality gets a farm loan waiver blow
Financial Express
Ø RBI processing old notes to verify numerical accuracy, says Arun Jaitley
Ø GlaxoSmithKline Q1 net profit dives 63 per cent to Rs 26 crore
Ø GST reduced taxes for commodities consumed by weaker section
Ø India will need $4.5 tn by 2040 for infrastructure: Report
Mint
Ø Sensex hits fresh peak of 32,135.91; Nifty at 9,939.30
Ø KKR to buy WebMD in $2.8 billion deal
Ø Govt sets up expert panel to script a turnaround story for Sail
Ø Nifty gets a helping hand from key sectors
Ø KKR to buy WebMD in $2.8 billion deal
*26th July 2017*
@UPSC_2018
Ø Large state-run banks may be added to ETF bag
Ø Sebi may ask cos to keep bourses in loop on defaults
Ø '10 public sector banks have submitted turnaround plans'
Ø 133 cos owe over Rs 3,39,704 cr to exchequer: Jaitley
Ø India 'abusing' trade remedy measures: China
Ø Sahara chief asked to deposit Rs 1,500 cr by Sept 7
Ø Niti Aayog cites 'fragile finances' for AI divestment
Ø Airtel, Voda face bigger threat from Google, FB than Jio
Business Standard
Ø LIC to offload excess stake in firms in 2 years
Ø Tata Steel to consider take over of firms at NCLT
Ø Bharti Airtel Q1 net takes massive 75% hit on Jio impact
Ø Bhushan Steel's market share, big customers attractive bet for JSW Steel
Ø Axis Bank June quarter net profit falls 16% to Rs 1,360 cr
Ø Vodafone, Idea CEOs expect merger to be completed in 2018
Ø Sebi asks commodity bourses to identify 'sensitive' agricultural products
Business Line
Ø Power discom dues down by half since June last
Ø Over 7 lakh new registrations under GST: Adhia
Ø Vedanta Q1 consolidated profit more than doubles
Ø US footwear major Skechers steps into apparel, accessories
Ø Cochin Shipyard's Rs. 1,470-cr IPO opens on August 1
Ø Unichem Labs gets USFDA nod for hypertension drug
Mint
Ø RBI stops printing Rs 2000 notes, focus turns to new Rs 200 notes
Ø Hero MotoCorp Q1 profit rises 3.5% on higher sales
Ø Amtek Auto bankruptcy case admitted by NCLT Chandigarh bench
Ø PSU banks plan capital raising amid NPA clean-up
Ø HDFC Bank’s impeccable asset quality gets a farm loan waiver blow
Financial Express
Ø RBI processing old notes to verify numerical accuracy, says Arun Jaitley
Ø GlaxoSmithKline Q1 net profit dives 63 per cent to Rs 26 crore
Ø GST reduced taxes for commodities consumed by weaker section
Ø India will need $4.5 tn by 2040 for infrastructure: Report
Mint
Ø Sensex hits fresh peak of 32,135.91; Nifty at 9,939.30
Ø KKR to buy WebMD in $2.8 billion deal
Ø Govt sets up expert panel to script a turnaround story for Sail
Ø Nifty gets a helping hand from key sectors
Ø KKR to buy WebMD in $2.8 billion deal
What is the Largest mobile Network in the world?
With subscriber strength of 851.2 million, China Mobile is undoubtedly the champion mobile network operator in the world. China Mobile was conceived in 1999 as a result of the China Telecom break which was originally founded on September 3rd, 1997. The headquarters of China Mobile are located in Beijing, People's Republic of China, and it has since dominated the mobile service industry in China. China Mobile is under the direct control of the People's Republic of China as it is an enterprise owned by the state. China Mobile has a market share of 70% and continues to control the vast majority of its mobile services market with the remaining 30% being shared between China Unicom with 20% shares and China Telecom with 10% shares in the mobile service market.⤴
With subscriber strength of 851.2 million, China Mobile is undoubtedly the champion mobile network operator in the world. China Mobile was conceived in 1999 as a result of the China Telecom break which was originally founded on September 3rd, 1997. The headquarters of China Mobile are located in Beijing, People's Republic of China, and it has since dominated the mobile service industry in China. China Mobile is under the direct control of the People's Republic of China as it is an enterprise owned by the state. China Mobile has a market share of 70% and continues to control the vast majority of its mobile services market with the remaining 30% being shared between China Unicom with 20% shares and China Telecom with 10% shares in the mobile service market.⤴
Which planet is the least dense?
If you're looking for a place a bit more airy, you could always visit Saturn. The gas giant is the least dense planet in the solar system with an average density of a scant 0.70 grams per cubic centimeter.
If you're looking for a place a bit more airy, you could always visit Saturn. The gas giant is the least dense planet in the solar system with an average density of a scant 0.70 grams per cubic centimeter.
“The most significant contribution of the much-maligned Indo-Sri Lanka Accord has been the restructuring of the island nation’s postcolonial state” Discuss?
UPSC Prelims 2017 result declared.
Congrats to all those who have cleared it.
For those who haven't keep persevering and may success come to you very soon.
Congrats to all those who have cleared it.
For those who haven't keep persevering and may success come to you very soon.
Who invented the lock and key?
Linus Yale, Jr.
In 1861, Linus Yale, Jr. was inspired by the original 1840s pin-tumbler lock designed by his father, thus inventing and patenting a smaller flat key with serrated edges as well as pins of varying lengths within the lock itself, the same design of the pin-tumbler lock which still remains in use today.
Linus Yale, Jr.
In 1861, Linus Yale, Jr. was inspired by the original 1840s pin-tumbler lock designed by his father, thus inventing and patenting a smaller flat key with serrated edges as well as pins of varying lengths within the lock itself, the same design of the pin-tumbler lock which still remains in use today.
What makes the center of Ice Cubes white ?
As the water freezes, it wants to form a regular crystalline structure (ice). That means impurities like oxygen and other dissolved gasses are pushed away from the crystallization front into the remaining liquid. This means that the last parts of the ice cube to crystallize end up with most of the impurities. If you’ll take a look at your photo of the ice cubes, you’ll note that the parts of the ice cube that were at the bottom of the tray are the milky colored bits. That’s because those were the last parts to freeze. The ice cubes in your tray froze from the top downward, which pushed the contaminant air downward until it was trapped at the bottom and had nowhere else to go.
As the water freezes, it wants to form a regular crystalline structure (ice). That means impurities like oxygen and other dissolved gasses are pushed away from the crystallization front into the remaining liquid. This means that the last parts of the ice cube to crystallize end up with most of the impurities. If you’ll take a look at your photo of the ice cubes, you’ll note that the parts of the ice cube that were at the bottom of the tray are the milky colored bits. That’s because those were the last parts to freeze. The ice cubes in your tray froze from the top downward, which pushed the contaminant air downward until it was trapped at the bottom and had nowhere else to go.
What is a circuit breaker in stock exchange?
A circuit breaker is a financial regulatory instrument that is in place to prevent stock market crashes from occurring. Since their inception, circuit breakers have been modified to prevent both speculative gains and dramatic losses within a small time frame. As a result of being triggered, circuit breakers either stop trading for a small amount of time or close trading early in order to allow accurate information to flow amongst market makers and for institutional traders to assess their positions and make rational decisions.
A circuit breaker is a financial regulatory instrument that is in place to prevent stock market crashes from occurring. Since their inception, circuit breakers have been modified to prevent both speculative gains and dramatic losses within a small time frame. As a result of being triggered, circuit breakers either stop trading for a small amount of time or close trading early in order to allow accurate information to flow amongst market makers and for institutional traders to assess their positions and make rational decisions.
🔺Important Summits In India 2017 🔺
🔸 International Summit on “Yoga for Diabetes” – New Delhi (January 2017)
🔸 National Women’s Parliament – Andhra Pradesh (March 8)
🔸 International Spice Summit- Thiruvananthapuram, Kerala (Feb 2017)
🔸 International Coin Fair –Kerala (Feb 2017)
🔸 South Asian Speakers Summit – 18 FEB 2017
🔸 Mobile World Congress 2017 – India
🔸 International Buddhist Summit – Rajgir,Bihar
🔸 International Diamond Conference 2017 –Mumbai
🔸 World Conference On Environment 2017 – New Delhi
ICEGOV 2017(International
🔸 Summit On Theory And Practice Of Electronic Governance) – New Delhi
🔸 Global Exhibition On Services (GES 2017) – New Delhi
🔸 International Summit On Dara Shikoh – New Delhi
🔸 Commonwealth Forestry Summit 2017 – Uttarakhand .
Join Now 👉 @UPSC_2018
🔸 International Summit on “Yoga for Diabetes” – New Delhi (January 2017)
🔸 National Women’s Parliament – Andhra Pradesh (March 8)
🔸 International Spice Summit- Thiruvananthapuram, Kerala (Feb 2017)
🔸 International Coin Fair –Kerala (Feb 2017)
🔸 South Asian Speakers Summit – 18 FEB 2017
🔸 Mobile World Congress 2017 – India
🔸 International Buddhist Summit – Rajgir,Bihar
🔸 International Diamond Conference 2017 –Mumbai
🔸 World Conference On Environment 2017 – New Delhi
ICEGOV 2017(International
🔸 Summit On Theory And Practice Of Electronic Governance) – New Delhi
🔸 Global Exhibition On Services (GES 2017) – New Delhi
🔸 International Summit On Dara Shikoh – New Delhi
🔸 Commonwealth Forestry Summit 2017 – Uttarakhand .
Join Now 👉 @UPSC_2018
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***Important Days In June 2017*******
👉 ⏩⏩⏩ With Themes ⏪⏪⏪ 👈
01#World Milk Day
Theme:- Raise A Glass
01#Global Day of Parents
04#International Day of Innocent children victim's of aggression
05#World Environment Day
Theme:- Connecting People to Nature
06#Russian language Day
08#World Oceans Day
Theme:- Our Oceans, Our Future
12#World Day Against Child Labor
Theme:- In conflicts & disasters, protect children from child labour
13#International Albinism Awareness Day
Theme:- Not Ghosts | Stop killing & mutilating
Albinos
14#World Blood Donor Day
Theme:- Give Blood, Give Now, Give Often
15#World Elder Abuse Awareness Day
Theme:- “Understand and End Financial Abuse of Older People: A Human Rights Issue”.
16#International Day of Family Remittances
17#World Day to Combat Desertification
Theme:- Link Between Land Degradation & Migration
18#Autistic pride day
19#International Day for the Elimination of Sexual Violence in Conflict
Theme:- Preventing Sexual Violence Crimes through Justice & Deterrence
20#World Refugee Day
Theme:- Embracing Refugees to Celebrate our Common Humanity
21#International Yoga Day
Theme:- 'Yoga for Health and Harmony'.
21#World Music Day
Theme:- Musicians Gather to Perform at Public Place
21#World Hydrography Day
Theme:- Mapping our seas, oceans and waterways-more important than ever
23#WorldPublicServiceDay:
Theme:- ‘The Future is Now’
23#InternationalWidowsDay:
Theme:- Empowering Women for Greater Achievements
23#Olympic Day
25#Day of seafarer
Theme:- Seafarers Matter
26#International Day Against Drug Abuse and Illicit Trafficking
Theme:- "Listen First - Listening to children and youth is the first step to help them grow healthy and safe."
27#International MSME Day
29#National Statistic Day
Theme:- Administrative Statistics
30#World Social Media Day
*****************
***Important Days In June 2017*******
👉 ⏩⏩⏩ With Themes ⏪⏪⏪ 👈
01#World Milk Day
Theme:- Raise A Glass
01#Global Day of Parents
04#International Day of Innocent children victim's of aggression
05#World Environment Day
Theme:- Connecting People to Nature
06#Russian language Day
08#World Oceans Day
Theme:- Our Oceans, Our Future
12#World Day Against Child Labor
Theme:- In conflicts & disasters, protect children from child labour
13#International Albinism Awareness Day
Theme:- Not Ghosts | Stop killing & mutilating
Albinos
14#World Blood Donor Day
Theme:- Give Blood, Give Now, Give Often
15#World Elder Abuse Awareness Day
Theme:- “Understand and End Financial Abuse of Older People: A Human Rights Issue”.
16#International Day of Family Remittances
17#World Day to Combat Desertification
Theme:- Link Between Land Degradation & Migration
18#Autistic pride day
19#International Day for the Elimination of Sexual Violence in Conflict
Theme:- Preventing Sexual Violence Crimes through Justice & Deterrence
20#World Refugee Day
Theme:- Embracing Refugees to Celebrate our Common Humanity
21#International Yoga Day
Theme:- 'Yoga for Health and Harmony'.
21#World Music Day
Theme:- Musicians Gather to Perform at Public Place
21#World Hydrography Day
Theme:- Mapping our seas, oceans and waterways-more important than ever
23#WorldPublicServiceDay:
Theme:- ‘The Future is Now’
23#InternationalWidowsDay:
Theme:- Empowering Women for Greater Achievements
23#Olympic Day
25#Day of seafarer
Theme:- Seafarers Matter
26#International Day Against Drug Abuse and Illicit Trafficking
Theme:- "Listen First - Listening to children and youth is the first step to help them grow healthy and safe."
27#International MSME Day
29#National Statistic Day
Theme:- Administrative Statistics
30#World Social Media Day
*****************
Current Scoop: Important Government Schemes
Join @UPSC_2018
Schemes under Ministry of Finance-
1. Pradhan Mantri Vaya Vandana Yojana (PMVVY)-
For the senior citizens aged 60 years and above
The Scheme provides an assured return of 8% p.a. payable monthly (equivalent to 8.30% p.a. effective) for 10 years.
The scheme is exempted from Service Tax/ GST.
The PMVVY scheme will be available until May 3, 2018.
The scheme will be operated by LIC.
2. Jan Suraksha Yojana-
(i) PRADHAN MANTRI JEEVAN JYOTI BIMA YOJANA-
PMJJBY is a one-year life insurance scheme.
Renewable from year to year, offering coverage for death due to any reason and is available to people in the age group of 18 to 50 years
Premium of Rs.330/- per annum per member
life cover of Rs. 2 lakhs
(ii) PRADHAN MANTRI SURAKSHA BIMA YOJANA-
Premium of Rs.12 per year
Age group 18 to 70 years
Under it, risk coverage available will be Rs.2 lakh for accidental death and permanent total disability and Rs. 1 lakh for permanent partial disability
(iii) Atal Pension Yojana-
Launched in 2015 and replaced ‘Swavalamban Scheme’.
Open to all bank account holders who are not members of any statutory social security scheme.
Focussed on all citizens in the unorganised sector
Age Criterion-
Minimum age- 18 years
Maximum age- 40 years
The Union Govt. would also co-contribute 50% of the subscriber’s contribution or Rs. 1000 per annum, whichever is lower.
Subscribers would receive the fixed pension at the age of 60 years, depending on their contributions.
3. PRADHAN MANTRI MUDRA YOJANA (PMMY)-
Launched in 2015
In this scheme, Mudra (Micro Units Development and Refinance Agency) bank has been opened to fund all MFI (Micro Financial institutions) which provide loans to the MSMEs.
The lending priority will be given to SC/ST enterprises.
MUDRA Bank has launched three loan instruments:
(i) Shishu- loans up to Rs 50,000
(ii) Kishor- loans above Rs 50,000 and up to Rs. 5 lakhs
(iii) Tarun- loans above Rs 5 lakh and up to Rs 10 lakh
4. Varishtha Pension Bima Yojana-
To provide social security to the persons who are above or equal to 60 years.
Implemented through LIC.
It will provide an assured pension based on a rate of return of 8% per annum for ten years.
Varishtha Pension Bima Yojana -2017 is proposed to be open for subscription for a period of one year from the date of launch.
Join @UPSC_2018
Schemes under Ministry of Finance-
1. Pradhan Mantri Vaya Vandana Yojana (PMVVY)-
For the senior citizens aged 60 years and above
The Scheme provides an assured return of 8% p.a. payable monthly (equivalent to 8.30% p.a. effective) for 10 years.
The scheme is exempted from Service Tax/ GST.
The PMVVY scheme will be available until May 3, 2018.
The scheme will be operated by LIC.
2. Jan Suraksha Yojana-
(i) PRADHAN MANTRI JEEVAN JYOTI BIMA YOJANA-
PMJJBY is a one-year life insurance scheme.
Renewable from year to year, offering coverage for death due to any reason and is available to people in the age group of 18 to 50 years
Premium of Rs.330/- per annum per member
life cover of Rs. 2 lakhs
(ii) PRADHAN MANTRI SURAKSHA BIMA YOJANA-
Premium of Rs.12 per year
Age group 18 to 70 years
Under it, risk coverage available will be Rs.2 lakh for accidental death and permanent total disability and Rs. 1 lakh for permanent partial disability
(iii) Atal Pension Yojana-
Launched in 2015 and replaced ‘Swavalamban Scheme’.
Open to all bank account holders who are not members of any statutory social security scheme.
Focussed on all citizens in the unorganised sector
Age Criterion-
Minimum age- 18 years
Maximum age- 40 years
The Union Govt. would also co-contribute 50% of the subscriber’s contribution or Rs. 1000 per annum, whichever is lower.
Subscribers would receive the fixed pension at the age of 60 years, depending on their contributions.
3. PRADHAN MANTRI MUDRA YOJANA (PMMY)-
Launched in 2015
In this scheme, Mudra (Micro Units Development and Refinance Agency) bank has been opened to fund all MFI (Micro Financial institutions) which provide loans to the MSMEs.
The lending priority will be given to SC/ST enterprises.
MUDRA Bank has launched three loan instruments:
(i) Shishu- loans up to Rs 50,000
(ii) Kishor- loans above Rs 50,000 and up to Rs. 5 lakhs
(iii) Tarun- loans above Rs 5 lakh and up to Rs 10 lakh
4. Varishtha Pension Bima Yojana-
To provide social security to the persons who are above or equal to 60 years.
Implemented through LIC.
It will provide an assured pension based on a rate of return of 8% per annum for ten years.
Varishtha Pension Bima Yojana -2017 is proposed to be open for subscription for a period of one year from the date of launch.