Tuesday, 22 August 2017


special economic zone (SEZ)

 SEZ is a geographical region that has economic laws different from a country’s typical economic laws.
 Usually the goal is to increase foreign investments.
 Any private/public/joint sector or state government or its agencies can set up an SEZ.
 A SEZ is a designated duty free enclave to be treated as foreign territory for the purpose of trade operations and duties and tariffs.
 Before recommending any proposals to the ministry of commerce and industry (department of commerce), the states must satisfy themselves that they are in a position to supply basic inputs like water, electricity, etc.
 Companies may be offered tax holidays, where upon establishing in a zone they are granted a period of lower taxation.
The main objectives of the SEZ Act are:
 Generation of additional economic activity.
 Promotion of exports of goods and services.
 Promotion of investment from domestic and foreign sources.
 Creation of employment opportunities.
 Development of infrastructure facilities

 Diamond Quadrilateral

 The Diamond Quadrilateral is a project of the Indian railways to establish high speed rail network in India.
 This quadrilateral will connect the four metro cities in India, i.e. Delhi, Mumbai, Kolkata and Chennai.
 Six corridors identified are:
o (i) Delhi-Mumbai, (ii) Mumbai-Chennai, (iii) Chennai-Kolkata, (iv) Kolkata-
Delhi and both diagonals i.e. (v) Delhi-Chennai and (vi) Mumbai-Kolkata
 This project is similar to Golden Quadrilateral which is a roadway project which connects the four metros by Express Ways.
 The Golden Quadrilateral falls under National Highways Development Project.

 Transparency in Power Sector

 In a bid to enhance transparency in power transmission sector of the country, the government has launched the ‘TARANG’ Mobile App, ‘e-Trans’ & ‘DEEP’ e-bidding web portals.


 It is dedicated personal storage space, linked to each resident’s Aadhaar number.
 DigiLocker can be used to securely store e-documents as well as store Uniform Resource Identifier (URI) link of e-documents issued by various issuer departments.
 The e-Sign facility provided as part of DigiLocker system can be used to digitally sign e-documents.
 DigiLocker is one of the key initiatives under the Digital India Programme.
 The initiative was launched by the Department of Electronics and Information Technology, under the Ministry of Communications and IT.

Wednesday, 16 August 2017


Unified Payments Interface (UPI)

 The National Payments Corporation of India (NPCI) launched “Unified Payments Interface (UPI)”.
 The UPI is for mobile based payment method that powers multiple bank accounts into a single mobile application.
 It facilitates ‘virtual address’ as a single payment identifier for sending and
collecting money.
 The single identifier will eliminate the need to exchange sensitive information such as bank account numbers during a financial transaction.
 UIP is an advanced version of NPCI’s Immediate Payment Service (IMPS) which is a 24X7 funds transfer service.

 Sagarmala Programme

 The Sagarmala project seeks to develop a string of ports around India’s coast.
 Promote “Port-led development” along India’s 7500 km long coastline.
 The Union Ministry of Shipping is the nodal ministry for this initiative.
 Sustainable development of the population living in the Coastal Economic Zone (CEZ).
 Improve port connectivity through rail corridors, freight-friendly expressways and inland waterways.
 Develop skills of fishermen and other coastal and island communities.
 Three pillars of development: 
o Enabling Port-led Development through appropriate policy and institutional interventions.
o Modernization and setting up of new ports.
o Evacuation to and from hinterland.
 Implementation:
o To implement this, State governments would set up State Sagarmala
committees, headed by the chief minister or the minister in charge of ports.
o At the central level, a Sagarmala Development Company (SDC) will be set
upto provide equity support to assist various special purpose vehicles (SPVs)
set up for various projects.

Interest Subvention Scheme for farmers for the year 2016-17

 Interest subvention is a form of waiver of some percentage of interest that
promotes some particular industry and general public interest.
 This could be to help the marginalized and the weaker sections of society.
 This will help farmers getting short term crop loan payable within one year up to Rs. 3 lakhs at only 4% per annum.
 The Central Government will provide interest subvention of 5 per cent per annum.
 In case farmers do not repay the short term crop loan in time they would be eligible for interest subvention of 2% as against 5% available above.

Saturday, 12 August 2017

Anniversary post 12/08/2017

Thanks to our  Friends, we're celebrating the completion of our first year in telugu bankers choice. We've built a lot of great friendship already, and we're looking forward to strengthening them even further. Thanks for helping to make TBC a success!

I want to wish you all good luck in whatever you do, May you get all things new, you have done your best in case, You will definitely win the race of life,So, just a little strive, and you would be there,
You will get your fair share, So, do your best you can, And you will get as the plan!


Wednesday, 9 August 2017


Schemes or Government Initiatives

Electoral Bonds

 Introduced by Finance Minister during his Budget 2017 speech in order to bring some transparency to the electoral funding process.
 Authorised under a scheme under the Income Tax Act.
 It will open for a limited period of time during the elections, or maybe a little before the elections.
 These bonds can be donated only to a political party.
 These are redeemable in only one account of that party, registered with the Election Commission.

Border haats (Border Markets)

 The border haats are markets that aim at promoting the wellbeing of the people dwelling in remote areas across the borders of two countries.
 Establishing traditional system of marketing the local produce through local markets.
 The Border Haats allows to people living in border areas to trade in specified
products in accordance with the regulations agreed and notified by both
 Presently 4 Border Haats are already operational along India-Bangladesh border. They are (i) Kalaichar (Meghalaya). (ii) Balat (Meghalaya). (iii) Kamlasagar (Tripura)
(iv) Srinagar (Tripura).

Sovereign Gold Bond Scheme (SGBs)

 SGBs are government securities denominated in grams of gold. They are substitutes for holding physical gold.
 The Sovereign Gold Bonds will be available both in demat and paper form.
 The tenor of the bond is for a minimum of 8 years with option to exit in 5th, 6th and 7th years.
 Bonds can be used as collateral for loans.
 Minimum - 1 gram, Maximum – 500 grams.
 Tradable through National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
 Fixed Interest rate of 2.5% per annum payable once in 6 months.
 Capital Gains Tax exempted on redemption.

BHIM (Bharat Interface for Money)

 BHIM is Aadhaar-based payments app developed by the National Payment
Corporation of India (NPCI).
 It can work even on basic phones as it supports USSD payments.
 All major UPI connected Indian banks accepts money through BHIM app.
 The app also allows user to scan a QR code. Payment can be done through scanning QR code.

Saturday, 5 August 2017


Schemes or Government Initiatives

1. Tejaswini Project

 “Tejaswini” - Socio-Economic Empowerment of Adolescent Girls and Young Women Project”
 Market-driven skills training and secondary education for adolescent girls and young women.
 The project is being delivered in 17 Districts of Jharkhand.
 India signs Financing Agreement with World Bank for Tejaswini.
 It is World Bank’s first project in India solely focused on the welfare of adolescent girls and young women (AGYW) aged between 14 and 24

2. Insolvency and Bankruptcy Code (IBC), 2016

 Override other existing laws on matters pertaining to Insolvency and Bankruptcy.
 Resolve insolvencies within 180 days. (Extendable upto 270 days) for the Company.
 Debt Recovery Tribunal - Adjudicating authority for individuals.
 National Company Law Tribunal - Adjudicating authority for corporate insolvency.
 Insolvency and Bankruptcy Board of India to exercise regulatory oversight over insolvency professionals, insolvency professional agencies and information utilities.
 Insolvency and Bankruptcy Board of India is under the Ministry of Corporate Affairs (MCA).
 Enabling provisions to deal with cross border insolvency.

3. National Investment and Infrastructure Fund (NIIF)

 Fund created by the Government of India for enhancing infrastructure financing in the country.
 Different from the National Investment Fund.
 It is set up as Category II Alternate Investment Fund (AIF) under the Securities and
Exchange Board of India (SEBI) Regulations.
 NIIF is India’s first sovereign wealth fund.
 Infrastructure development in commercially viable projects, both Greenfield and Brownfield, including stalled projects.
 To attract investment from both domestic and international sources.
 It would serve as an umbrella fund with several funds underneath it.

4. Hydrocarbon Exploration and Licensing Policy (HELP)

 Uniform license for exploration and production of all forms of hydrocarbon.
 Open acreage policy - Enable exploration and production (E&P) companies choose the blocks from the designated area.
 Shift to Revenue sharing model, from previous production sharing model.
 Marketing and pricing freedom for the crude oil and natural gas produced.
 The decision will enhance domestic oil & gas production, bring substantial
investment in the sector and generate sizable employment.

Tuesday, 1 August 2017


the act of driving out or expelling

to return like for like, especially evil for evil:

a hostile state, condition, or attitude; enmity; antagonism; unfriendliness.

to work havoc upon; damage or mar by ravages:

a great flood of water; inundation; flood.

to make easier to endure; lessen; mitigate:

to argue or dispute, especially in a noisy or angry manner.

to overwhelm:

occurring after physical or psychological trauma.

something given in compensation for inconvenience, loss, injury, orthe like; recompense.

Sunday, 30 July 2017


a highly successful, unexpected stroke, act, or move; a clever actionor accomplishment.


to petition or call on for help or aid.


to abstain from an impulse to say or do something (often followed by from):


to rid of or free from enchantment, illusion, credulity, etc.; disillusion:


moral weakness; liability to yield to temptation.

an act of leaving military service or duty without the intention of returning.

a condition of general bodily weakness or discomfort, often marking the onset of a disease.

innocuously not harmful or injurious; harmless:
హానికరం కాని

to bring, put, drive, or make by maneuvers:

a loose outer garment, as a cape or coat.
వర్ణ వేషం

incapable of being conquered, defeated, or subdued.