RBI Assistant Recruitment 2016-17

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About this group

The Reserve Bank of India invites applications from eligible candidates for 504 posts of “Assistant” in various offices of the Bank. Selection for the post will be through a country-wide competitive Online Examination and Interview.

Applications will be accepted only Online through the Bank’s website.

Important Dates

Website Link Open 12.06.2015 to 03.07.2015

Payment of Examination Fees (Online) 12.06.2015 to 03.07.2015

Schedule of Online Test (Tentative)Various dates in August 2015.Likely to be held on August 1, 8, 9 and 16. However RBI reserves the right to change the dates of examination.

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 Free! RBI Grade B (Pre) Topic Test: Fill in the Blanks - 6 10 Questions | 5 Minutes | Level: Moderate  Start Quiz: https://pos.li/2dssor  

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Budget Analysis At the outset, while the FM has not changed corporate tax rates, the Budget proposes to extend the reduced corporate tax rates of 25% for Indian companies whose turnover is less than INR 4 billion, which would cover almost 99.3% of domestic companies. However, for individuals falling in the rich and super-rich category, the Budget proposes a higher surcharge on income tax resulting in the highest effective tax rate of between 38-42%. Increasing taxes through surcharges is not an appropriate way of increasing taxes, especially when surcharges which are introduced never get removed. The rates for the rich are amongst the highest in the world for developing countries and we will see increased movement of the rich and super rich out of the country. From a foreign investor perspective, relaxations have been proposed to the investment norms in aviation, media, insurance, insurance intermediaries and single brand retail sectors. For incentivizing Foreign Portfolio Investors (FPI), the Budget proposes: (i) a deemed increase in the statutory limit for FPI investment in a company from 24% to the sectoral foreign investment limit; (ii) to permit FPIs to subscribe to listed debt securities issued by Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs); and (iii) to ease KYC norms for FPIs. The Government appears to have recognized some of the issues pertaining to start-ups and they continue to benefit in this year’s proposals. To resolve the ‘angel tax’ issue on capital subscription, the Budget proposes that start-ups will not be subjected to any kind of scrutiny in respect of valuations of share premiums, if requisite declarations and tax filings are made. Other changes include: (i) the removal of angel tax on investment by Category II Alternative Investment Funds (AIFs) in start-ups; and (ii) extended roll-over benefits in respect of capital gains from the sale of residential property, if invested in an eligible start-up. On the softer side, the FM has also indicated that a television channel will be broadcast exclusively for the promotion of start-ups. Another area where the Budget has tried to address concerns is in relation to Non-Banking Financial Companies (NBFCs), which have been under a lot of stress in the recent past. In order to facilitate securitization transactions by financially sound NBFCs with public sector banks, the Budget proposes a six-month partial credit guarantee for the first loss up to 10%. The requirement to create a Debenture Redemption Reserve for public debt issuances by NBFCs has also been dispensed with. Additional tax rationalization for NBFCs has been undertaken to put them on par with banks and allow for interest on bad or doubtful debts to be recognized in the year of receipt. Interestingly, the FM has addressed certain conflicts in case of insurance and housing finance sector. The nodal regulator for housing finance companies will now be the Reserve Bank of India (RBI) instead of the existing regulator i.e., the National Housing Bank (NHB). In case of the National Pension System, separation of the National Pension Trust from the regulator, Pension Fund and Regulatory Authority (PFRDA), has been proposed. The FM has also proposed a slew of changes to provide further thrust to financial services enterprises operating in International Financial Services Centres (IFSCs), such as GIFT City. These include (i) the expansion of exemptions on transfers of specified instruments by a non-resident through stock exchanges set up in IFSCs; (ii) exemption from tax on interest payable to a non-resident by units in IFSCs; and (iii) exemption from tax on distributions by companies and mutual funds in IFSCs. The Budget proposes to extend buyback tax to listed companies. This seems to have been done to check the practice of listed companies resorting to buybacks of shares instead of payment of dividends. This would effectively limit the quantum of distributions that listed companies make in light of the tax inefficiencies and does not make any economic sense. One fails to understand why policy makers do not appreciate that imposing an effective tax of more than 42% on profits distributed to shareholders is counterproductive to reviving animal spirits in the economy. In the interim budget presented earlier this year, an impetus was given to technological development, creation of digital infrastructure and digitization of governance. To this end, the Budget proposes to implement e-assessments in a phased manner in order to eliminate human intervention, which would lead to simplification and greater transparency. Specifically, the Budget proposes: (i) online application for nil / lower withholding certificate for payments made to non-residents; and (ii) electronic filing of statements in respect of payment of interest income. Another important facet of the Budget is the introduction of pre-filled tax returns to taxpayers with the objective of reducing time and increasing accuracy in tax filing. It will be interesting to see how these changes actually benefit the taxpayer in practice. Another interesting takeaway from the Budget has been the Government’s increasing interest in environment protection measure which include incentivising the purchase and manufacture of e-vehicles, promote use of solar stoves and battery chargers in the country. In summary, the Budget seems to give the picture that revenues for meeting expenditure are in place and hence there is no need to further widen the tax base. The tax measures proposed are limited to rationalization of existing provisions and providing a boost to certain targeted sectors. Whether the proposals will rekindle the flagging growth in the economy is something that will need to be seen in the coming months. More Free Resources at --https://www.facebook.com/rbigradebcoachingbydassir/

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NABARD Grade A and Grade B examination is approaching. So, to Boost up your Preparations and to help you out, we have come up with a Practice Questions Series. Every day we will provide you with 5 questions in video lecture format. These type of questions are important from the examination point of view.


Also, I have also devised a 4 Week Time-Table to prepare for NABARD Grade A within a month. I have devised a spreadsheet in which I have divided different topics to prepare within a time frame.  In the spreadsheet, you will be given daily targets for a particular week. In this way, you won’t have to worry about what you have to study on a particular day. I have devised a colour coding scheme to make it even simpler.


So watch the video till the end and Crack NABARD Grade A Examination.

https://youtu.be/AYMUzReVtSw

Video Thumbnail44108341727804
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Do rbi recruit assistant every year?

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Anyone here who selected as assistant in rbi 2017got joining or not ?

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Lothbrok
@Lothbrok  ·  13 karma

case is still going on..next date is in november..result is with held..so no joining till date

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ajay94dixit
@ajay94dixit  ·  27 karma

Which case gujrat?

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plz share ur rbi assistant lpt exam date 2018?

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Is there any news of RBI Assistant result

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abilash1992
@abilash1992  ·  117 karma

Upto now....no news ...varum nu solranga..epo nu than therila

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pruthvunlucky
@pruthvunlucky  ·  1 karma

is lpt completed?

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Hi all. Is there anyone who is preparing for grade b and want to share material? Need one more aspirant. If yes please reply here. Please reply only if u r serious. TIA

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RAJSAINI032
@RAJSAINI032  ·  0 karma

Interested

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Abi1416
@Abi1416  ·  30 karma

Me too

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any link or site to find rbi assistant mains paper ?

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Bhopal st plz share ur marks???

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