Banking and Financial Awareness – 41

Mutual-Funds-India

1) Indian security market regulator Securities and Exchange Board of India (SEBI) on 28 October, 2013 asked mutual funds to adopt different districts to increase their penetration. SEBI gave reference of a CRISIL report on mutual funds, which quotes data from Association of Mutual Funds in India (AMFI) to disclose the fact that Indian mutual fund market has been dominated by investors belonging to large cities of the country. According to this report what percentage of the gross mutual fund market has been captured by investors of India’s five largest cities? – 74% (Another problem effecting Indian mutual fund market is the fact that mutual funds lost 8% or nearly 35 lakh retail folios over past six months ended September, 2013 according to the latest data released by AMFI. Therefore SEBI is pushing to increase mutual fund penetration in small districts of the country for which mutual funds can also adopt some districts)

2) What is the name of a panel constituted by the Reserve Bank of India (RBI) during October 2013, which would give its recommendations for implementing a national Indian Bill Payment System so that households will be able to use bank accounts to pay school fees, utilities, medical bills and make remittances electronically? - GIRO Advisory Group (GAG) – GAG is headed by Prof. Umesh Bellur, Professor, Indian Institute of Technology, Bombay. The panel would submit its report by the end of December, 2013

3) The Finance Ministry on 23 October, 2013 finalised the bank-wise capital allocation, which is part of the capital infusion plan for 20 public sector banks which altogether will get Rs 14,000 crore. How much capital will be infused into the State Bank of India (SBI)? – Rs. 2000 crore (SBI has got the largest share in this capital infusion initiative. The capital infusion is done with the twin objective of adequately meeting the credit requirement of the productive sectors of the economy as well as to maintain regulatory capital adequacy ratios. Banks can raise Rs 10,000 crore from markets against the Rs 14,000 crore infusion)

4) The Planning Commission during October 2013 decided that the Raghuram Rajan committee report on the development index for states will not work for distribution of all central funds. The commission's move was in response to protests made by several states at the new ordering of backwardness that has been drawn up by the committee headed by Rajan. The Planning Commission

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West Bengal Cooperative Service Commission Recruitment 2013

West Bengal Co-Operative Service Commission (WEBCSC) Kolkata invites applications on the prescribed format format from Indian citizens for filling up following posts in various Co-operative Institutions. Check details below:

Manager (Scale-I Officer): 02 Posts

Assistant/Supervisor: 04 Posts

Grade-III: 11 Posts

Chief Executive Officer: 01 Post

Manager: 01 Post

Age Limit: 35 years for Assistant/Supervisor & Grade-III; 40 years for all other posts as on 01/01/2013. Age Relaxable for SC/ST/OBC/OBC-A/OBC-B candidates by 5 years.

Educational Qualification & Experience:

Manager (Scale-I Officer) - Honours Graduate CCFA + Fluency speaking,    reading writing Nepali language.

Assistant/Supervisor - Graduate + Basic Computer Knowledge + Fluency in speaking, reading & writing Nepali language.

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Orissa State Cooperative Bank Recruitment 2013 OSCB and DCCB (942 Manager Vacancies)

Office of the Registrar, Cooperative Societies, Odisha, Bhubaneswar invites application from eligible candidates for the post of Assistant Managers in District Central Cooperative Banks (DCCB) in Odisha and Junior Managers in the Odisha State Cooperative Bank Limited (OSCB). Check details below:

Assistant Managers in  DCCB: 892 Posts; 

Pay Scale: 

Category -1 Banks - Rs.9300-34800/- + GP Rs.4200/- 

Category - II Banks - Rs.4750-125-7500/-

Junior Managers in OSCB: 50 Posts; 

Pay Scale: Rs.8040-410(3)-9270-500(4)-11270-550(4)-13470-650(3)-15420-720-16140-990(4)-20100/-

Age Limit:

Assistant Managers: 21 to 28 Years as on 01/04/2013.

Junior Managers: 21 to 32 Years as on 01/04/2013.

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Sports in India

     The history of sports in India is very ancient and dates back to the Vedic era. It is more likely that many of today's Olympic disciplines are advanced versions of games of strength and speed that flourished in ancient India. Chess, wrestling, polo, archery and hockey (possibly a fall-out from polo) are some of the games believed to have originated in India. 

Following are the some of games played in India:-

  

Gilli-Danda: It is a sport played using one small stick called 'gilli' and one long stick called 'danda' like cricket with ball being replaced by Gilli. This games is generally played in villages of Rajasthan, Uttar Pradesh, Madhya Pradesh and Haryana etc states of India.

Kancha: It is played using marbles called 'kancha' in India in cities as well as in villages also. The festival of 'Makar Sankranti' is marked with competitions of this sport in various competitions

.Badminton: Badminton is a very popular sport in India. Badminton is supposed to have originated in India 2000 years ago.Bandy: India is having a Bandy team and Bandy Federation of India takes care of it. It's headquarters are in Himachal Pradesh. Bandy is generally played in northern India where there is

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Olympic Games History

The origin of the ancient Olympic Games is lost in the midst of pre-history, but for many centuries they were only a festival of the Greek people. The Games were fest held in honour of the Greek god, Zeus in 776 BC in the plain of the kingdom of Elis, nestled in a lush valley between the Alpheus River and Mount Kronion, 15 km from the lonian Sea. The Olympiad celebrated that year was considered as the first and was used to date subsequent historic events. But religious ceremonies and games were held in Olympia before that time. The oldest sanctuary of Greece was there, the alter of the Great Mother of Gods, Rhea (Earth). On the day of the feast, the priest stood in front of the altar, ready to perform a sacrifice. Women were forbidden to be present on one stadium (about 200 yds.) As soon as a signal was given they ran and the first to arrive at the altar received the torch from the priest's hand and lit the sacrifice fire.

The old Olympiads were held after every four years and the Greeks measured time in terms of Games started on the first new moon after the summer solstice, around mid July. The ancient Olympic Games lasted for five days and the events took place in a precise order. On the first day, there were sacrifices and opening ceremonies. On the second day there were special competitions for the 'ephebians'. The third day was devoted to events for adult competitors: dromos, diaulos, dolichos, pugilism, wrestling, race with arms.

The games came to a sudden end when the Rome Emperor Theodosius banned the competitions and their attendant sacrificial offerings as pagan manifestations. From 395 AD onwards the fall of Olympia was very rapid. In that year the first damage was caused by the invasion of Alaric's barbarians. A year earlier the famous crysele-phantide statue of Zeus had been taken to Constantinople. It was destroyed in 475 AD during the great fire. Following the attacks on the Goths, a fire destroyed the temple of Zeus; earthquakes from

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