2016 Nobel Prize winners

The Nobel Prize is a set of annual international awards bestowed in a number of categories by Swedish and Norwegian institutions in recognition of academic, cultural, and/or scientific advances.
The will of the Swedish inventor Alfred Nobel established the prizes in 1895. The prizes in Chemistry, Literature, Peace, Physics, and Physiology or Medicine were first awarded in 1901. The related Nobel Memorial Prize in Economic Sciences was established by Sweden's central bank in 1968.
The prize ceremonies take place annually in Stockholm, Sweden (with the exception of the peace prize, which is held in Oslo, Norway).

Banking and Economy Updates- August to October 2016

Dear Readers, we are providing important current affairs related with Business and economy news for upcoming exams.

Revolt of 1857 (Causes, Nature, Importance, Outcome)

Revolt of 1857 (Causes, Nature, Importance, Outcome)

The Indian Rebellion of 1857 refers to a rebellion in India against the rule of the British East India Company, that ran from May 1857 to July 1859. The rebellion began as a mutiny of sepoys of the East India Company's army on 10 May 1857, in the cantonment of the town of Meerut, and soon escalated into other mutinies and civilian rebellions largely in the upper Gangetic plain and central India, with the major hostilities confined to present-day Uttar Pradesh, western Bihar, northern Madhya Pradesh, and the Delhi region. The rebellion posed a considerable threat to East India Company power in that region, and was contained only with the fall of Gwalior on 20 June 1858.[6] The rebellion has been known by many names, including the Indian Mutiny, India's First War of Independence, the Great Rebellion, the Indian Rebellion, the Revolt of 1857, the Rebellion of 1857, the Uprising of 1857, the Sepoy Rebellion, the Indian Insurrection and the Sepoy Mutiny.

Business & Economy News- May to July 2016

Dear Readers, we are providing important current affairs related with Business and economy news for upcoming exams.

Static GK-Main Events during the Gandhian Era

Rowlatt Act (1919): During the viceroyalty of lord Chelmsford, a section committee was appointed by the government in 1918 with justice Rowlatt which made certain recommendations to curb seditious activities in India. The Rowlatt Act 1919, gave unbridled powers to the government to arrest and imprison suspects, without trial. The act caused a wave of anger among the act was passed, popular agitation began against it. Gandhi Ji decided to fight against this act and he gave call for Satyagraha on April 6, 1919. He was arrested on April 8, 1919. This led to further intensification of the agitation in Delhi, Ahmedabad and Punjab.

Jallianwala bagh Massacre (April 13, 1919): The arrest of Dr. Saifuddin Kitchlu and Dr. Satypal on April 10, 1919, under the Rowlatt act in connection with Satyagraha caused serious unrest in Punjab. A public meeting was held on April 13, 1919 in a park called Jallianwala Baghin Amritsar where thousands of people including women and children assembled. Before the meeting could start General O’Dyer ordered indiscriminate heavy firing on the crowd and the people had no way out to escape. As a result hundreds of men, women and children were killed and more than 1200 people wounded. The massacre was turning point in Indo-British relations and inspired the people to provide a more unrelenting fight for freedom.

Awards and Honour- July to October 2016 for competitive Exams

Dear Readers, we are presenting Awards and Honours based on The Hindu review from July 2016 to October 2016 for upcoming Bank of Maharashtra PO exam and other competitive exams.

Current Affairs PDF-1 to 10 October 2016

Dear Readers, we are presenting important current affairs of 1-10th October for upcoming BOM and other exams.

Banking Notes- Budget and its types

Budget- Budget is the estimation of income and expenditure.
Budget is prepared for proper and systematic development.

Budget represent in 3 ways-
1. Income> expenditure= surplus
2. Income= expenditure= balance budget
3. Income< expenditure = deficit budget
Note- India's budget is always deficit because India is a developing country.

Monetary policy review: RBI cuts repo rate by 25 bps

 

The Reserve Bank of India (RBI) has decided to cut its key policy rate, or the repo rate, by 25 bps to 6.25 per cent. New Governor Urjit Patel, who took over a month ago from Dr Raghuram Rajan, announced his first monetary policy this afternoon.

Payment and Small Finance Banks Full Details

Payment banks

Reserve Bank of India (RBI) released guidelines for Licensing of Payments Banks.  These guidelines will allow mobile firms and supermarket chains, among others, to enter the banking arena to cater to individuals and small businesses.

The objectives of payments banks will be to further financial inclusion by providing small savings accounts and payments or remittance services to migrant labour workforce, low income households, small businesses, other unorganised sector entities and other users.

Current Affairs PDF - September 2016

Dear Readers, Download Current Affairs PDF for the month of September 2016. Current Affairs PDF will help you in upcoming IBPS PO, RRB exam and other competitive exams

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Current Affairs Quiz Collection PDF- September 2016

Dear Readers, Download Current Affairs Quiz Collection PDF for the month of September 2016. Current Affairs Quiz collection will help you in upcoming IBPS PO, RRB exam and other competitive exams

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Paris Agreement: 5 things you should know

With india formally joining the Paris Agreement on Sunday, here are five salient points about the deal:

Banking Notes- Reserve Bank Of India

Dear Redaers, we are presenting Banking Notes- Reserve Bank Of India. It will help you in Banking section of exams.

Establishment

The Reserve Bank of India was established on April 1, 1935 in accordance with the
 provisions of the Reserve Bank of India Act, 1934.

The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937. The Central Office is where the Governor sits and where policies are formulated.

Though originally privately owned, since nationalisation in 1949, the Reserve Bank is fully owned by the Government of India.

International Organisations- OPEC

Dear EGA'ians, in this post you will get information about OPEC.

Headquarters- Vienna, Austria

Secretary General- Mohammed Sanusi Barkindo

Indus Water Treaty

Dear EGA'ians, these days Indus Water Treaty is in news. Lets know what is it? and how it affect Pakistan?

GST council sets exemption threshold for tax at Rs.20 lakh

The first meeting of Goods & Services Tax (GST) Council has decided to exempt businesses with annual turnover below Rs.20 lakh out of the GST net. The meeting was presided by Union Finance Minister Arun Jaitley in New Delhi and was attended by Finance ministers of states. 

Key Outcome of GST council’s first meeting 

Exemption Issue: 

Threshold for exemption for businesses in Northeastern and hill states will be for annual turnover below Rs.10 lakh and rest of India it will below Rs.20 lakh. The Northeastern and hill states have been accorded special status by the Constitutional Amendment paving the way for the GST. 

Inflation

Inflation-Inflation is a persistent increase in the general price level of goods and services in
an economy over a period of time
In India for inflation measurement Base year is 2004-05.

Types of Inflation-

1. Demand pull inflation
2. Cost push Inflation
3. wages Inflation
4. Imported Inflation

Japan to host 2026 Asian Games

Japan’s Aichi prefecture and its capital city Nagoya were confirmed as co-hosts of the 2026 Asian Games today, adding yet another major event to the country’s bulging international sports calendar.

The Olympic Council of Asia (OCA) formally endorsed the bid after Aichi Prefecture governor Hideaki Ohumra and Nagoya city mayor Takashi Kawamura presented their joint offering to the OCA General Assembly in Danang, which is currently hosting the fifth Asian Beach Games.

                                 

Current Affairs Monthly PDF Collection for upcoming Exams

Dear EGA'ians, use given below links to download Monthly Current Affairs PDF for Upcoming Bank, SSC and other exams.