[Interview/General Awareness/SBIPO/RBI] - Short Charticle on Social Security Schemes by Modi Government

PM Modi recently launched three ambitious social security schemes, relating to insurance and pension sector and intended at widening the process of financial inclusion.

The schemes are :

1) PM Suraksha Bima Yojana (Accidental Insurance)
2) PM Jeevan Jyoti Yojana (Life Insurance)
3) Atal Pension Yojana

These schemes were already announced in the budget.

Pradhan Mantri Suraksha Bima Yojana

[Quantitative Aptitude/SBIPO/SSC/CLAT/Placement Drives] - Percentages Tricks

Actually I should have started with this topic only as the concepts from this topic are heavily used in subsequent topics. It also plays a pivotal role in solving Data Interpretation questions.

I won't cover the basics further.Read them from some book and solve some questions.

To convert a fraction/ratio into percentage we multiply it by hundred.

1/2 = 1/2*100 =50 %

To solve percentage questions one must remember some factors as percentages.This is done to make calculations simple.

Explanation: If there is a increase or decrease by a fraction. Let Denominator be the base(original value) and numerator be increase/decrease.Obtain the new value by adding/subtracting the numerator to denominator as per the question.

Next step is to find the Multiplication factor between the Denominator and value given in the question. In this case it is 4 as 7*4=28.Multiply the same factor to the new value obtained and you get the increased/decreased final value.Here 8(New value) * 4 = 32 Ans.

[Quantitative Aptitude/SBIPO/SSC/Placement Drives] - Time and Work

Well this is the easiest chapter to start with and one can easily attempt questions without using Paper-Pen.

The approach to solve questions revolves around finding work done per unit time i.e. work done in 1 day or 1 year or 1 hour.It depends upon the time unit given in the question.

For e.g.

Q. PM Modi visits 54 countries in 3 years. How many countries will he visit in 5 years ?

In this question year is the unit of time.

3 years -------------- 54  countries
1 year  -------------- 54/3 = 18 countries (Efficiency) 

Once we have this number 18 we can easily find that in 5 years he can visit 18*5 = 90 Countries

Secondly, Efficiency is inversely proportional to time

i.e. if Modi is thrice efficient than Manmohan it means that to do a piece of work Manmohan takes thrice as much time as Modi.

[General Awareness/Interview/International Affairs] - Yemeni Crisis and Operation Rahat ( Whole Story)

Yemen (Capital:Sana) has been in the grip of an increasingly complex civil war since 2011, as several competing factions fight for control of the Middle East's poorest country.

To understand this complex tussle it becomes necessary to go through its history once :

बकर शुरू :

1.Yemenis are divided into two principle Islamic groups : 50-55 % Sunnis and 40-45 % Shias.

2. Shias, particularly Zaidi order of Shia Islam, are in north and Sunnis are in South.

3. Before 1990, Yemen was divided into North Yemen and South Yemen.

4. The Zaidis of the northern highlands dominated politics and cultural life in northern Yemen for centuries; with unification in 1990, and the addition of the south’s almost totally Shafi'i population(Sunni), the numerical balance had shifted dramatically away from the Zaidis.

5. Nevertheless, Ali Abdulllah Saleh (a Zaidi) was declared the head of the state who ruled over Yemen for 33 years as a Dictator.

[General Awareness/Debate] - Net Neutrality and India

What is Net Neutrality ?

It is a principle that says that Internet Service providers should treat all traffic on their network equally.It entails that all the bits of data are equal and there should be no discrimination on the basis of content,site or user.

पर इससे अपने को क्या फायदा ? Why should we bother ?

Also, Net Neutrality promotes a level playing field for competing companies, and allows start-ups easier access to new potential customers. Net Neutrality is equated to a free market.

Why has there been so much of हल्ला about Net Neutrality recently ? 

[Source : The Hindu]

It all started with Airtel when it decided to charge subscribers extra for use the of applications such as Skype and Viber.

Reason : Telecom companies don't like the way these apps are riding on their networks for free and cannibalizing their voice and messaging services business. Also Telecom provides invest pots of money for spectrum allocation as well as infrastructure up-gradation.

But there was furor all over which led Airtel to stay its decision and said that it would wait for TRAI's Consultation Paper on Regulatory Framework for Over-the-top (OTT) services.

Then, Facebook brought to India internet.org, a pre-selected bouquet of Web sites offered free to subscribers of Reliance Communications. There was not much controversy then.

The buzz became really big after TRAI put out a 118-page consultation paper asking the public for its opinion on 20 questions, most of them about how the Internet can be regulated. Views were also sought on net neutrality.

By evening of Tuesday, over 4.2 lakh mails had been sent in support of net neutrality through the savetheinternet.in Web site. Political parties such as the Congress, political leaders such as Arvind Kejriwal and celebrities such as Shah Rukh Khan joined the bandwagon, as has the comedy group All India Bakchod through a video. All of them argue why the Internet should not be touched. TRAI will be open to taking comments till April 24, and counter comments by May 8. which is a free offering of a slew of apps that sign up with the telecom provider.

Airtel Zero Rating :

In between all this, Airtel last week launched Airtel Zero where it offers customers free access to certain apps and services, with cost of this data traffic being borne by the partner. For example, if Flipkart signs up as an Airtel Zero partner, you will not be charged for data you use while accessing Flipkart, and Airtel will bill Flipkart for that session.


While that may sound great on paper, experts say that in the long term it's against consumer interests, because consumers are more likely to use free services. They say smaller companies, who cannot afford to subsidise consumer access to their websites and services, are likely to lose out, stifling innovation in the country, which means fewer options for consumers in the long run.

Flipside of  Flipkart :

But on Tuesday, Flipart pulled out of it after initially agreeing to be on it saying that it is committed to Net Neutrality.

What can we do ?

The regulator is seeking the views of all stakeholders by April 24 - that includes consumers like you - and you can send your comments to advqos@trai.gov.in to let the regulator know where you stand.

Let's fight for it.

[General Awareness/Interviews/NICL/NABARD] - Budget 2015 Part-1

"कुछ तो फ़ूल खिलाए हमने,  और कुछ फूल खिलाने हैं ,मुश्किल यह है बाग में अब भी ,काटें कई पुराने हैं "

These were the starting lines with which Finance Minister, Mr.Arun Jaitely commenced his Budget speech.

Flanked by a tight fiscal situation and given the compulsions of balancing the often discordant demands of investors,stock markets and the common man on the one hand and the need for fiscal consolidation,high GDP and providing the boost for growth, on the other ! It is against this backdrop that the budget must be viewed.

Let us have a look at major highlights of the Budget 2015-16.

Disclaimer: I won't mention each and every point of Budget, I am here only explaining the important parts and there implications.

JAM will provide boost to finance sector and banking and potentially extend the reach of e-commerce to rural masses.

Most of the points above are self-explanatory except GST and its importance

[MBA Interview/Banking/NICL/Newspaper Reading] - Equity, Shares and Stock Exchange

Suppose you want to start your own business and you don't have enough money to buy land,pay salaries to your employees,buy necessary equipment etc. then there you need some methods to arrange money to help your purpose.

Lets' talk of two such methods :

1)Debt : You take money and promise to pay some some interest monthly/yearly/quarterly and then you have to return that amount after an agreed period of time.e.g. Bonds,Bank Loan etc

2) Equity : You can take some money and in return you offer ownership in your business.Here comes the idea of Equity.