RBI Grade-B Officer 2015-16 , Phase-I & II

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This group is for "highly dedicated and determined" aspirants of RBI grade B officer exam 2015-16 (if RBI will conduct) who want to treat next year attempt of RBI Gr-B as their last attempt. And ready to prepare together for phase-I and phase-II f...

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NITI Aayog’s Health Index

The 2nd edition of Niti Aayog’s Health Index 2019 makes the important point that some States and Union Territories are doing better on health and well-being even with a lower economic output, while others are not improving upon high standards. Some are actually slipping in their performance.

  • The report ‘Healthy States, Progressive India: Report on Rank of States and UTs’ has ranked in three categories — larger States, smaller States, and Union Territories “to ensure comparison among similar entities.”
  • The first round of the Health Index was released in February 2018, which measured the annual and incremental performances of states and UTs for period 2014-15 (base year) to 2015-16 (reference year).
  • The report has been prepared in collaboration with the Ministry of Health and Family Welfare with technical assistance from the World Bank.

Important Findings

  • Kerala, which got an overall score of 74.01, was followed by Andhra Pradesh (65.13), Maharashtra (63.99), Gujarat (63.52) and Punjab (63.01), Himachal Pradesh (62.41), Jammu and Kashmir 62.37, Karnataka (61.14) and Tamil Nadu (60.41).
  • Uttar Pradesh continued to be at the bottom of the list with its score falling to 28.61. The other States at the bottom of the list were Bihar (32.11), Odisha (35.97) and Madhya Pradesh (38.39).
  • Among the smaller states, Mizoram ranked first in overall performance, while Tripura and Manipur were the top two states in terms of incremental performance.
  • Sikkim and Arunachal Pradesh had the biggest decrease in overall Health Index scores.
  • Among the UTs, Chandigarh jumped one spot to top the list with a score of (63.62), followed by Dadra and Nagar Haveli (56.31), Lakshadweep (53.54), Puducherry (49.69), Delhi (49.42), Andaman and Nicobar (45.36) and Daman and Diu (41.66).
  • The report stated that only about half the States and UTs showed an improvement in the overall score between 2015-16 (base year) and 2017-18 (reference year).
  • The report added that among the eight Empowered Action Group States, only three States — Rajasthan, Jharkhand, and Chhattisgarh — showed improvement in the overall performance.
  • The decline in the overall Health Index score of five empowered action group states (Bihar, Uttar Pradesh, Uttarakhand, Madhya Pradesh, Odisha) is attributed to the deterioration of performances of several indicators.
  • There was a general positive correlation between the Health Index scores and the economic development levels of states and UTs as measured by per-capita net state domestic product (NSDP).

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https://youtu.be/AfBDT4rIBP8

Is the U.S. moving towards recession? To know more about the yield curve and its interpretation do watch the video till end.

PDF Link:  https://www.anujjindal.in/wp-content/uploads/2019/08/Inverted-yield-curve-fuels-fear-of-Recession.pdf 

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This live session will be a Revision Class, wherein, I am going to discuss all the important Government Schemes launched in the year 2018-19. These Schemes are important from the RBI, SEBI, and UPSC Examination point of view. So, watch the session until the end. 

Live Session Starts today at 5:00 PM 

Live Session Link: https://www.youtube.com/watch?v=HeZyUaQHlbw

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Highlights of economic survey 2018-19

*Survey sees FY20 GDP growth at 7%, higher growth on stables macros.

* India needs to grow at 8% per year to be $5 trillion economy by FY25.

* Survey suggests diplomatic type privileges, naming roads for top taxpayers

* It recommends a renewed focus on pushing up exports.

*Govt should foster the growth of large firms instead of focusing on smaller firms.

* Use public data to revolutionise development in the country.

*Looking beyond the economics of equilibrium, survey makes case for investment-driven “virtuous cycle” to sustain growth at 8%.

* Investment the "key driver" of simultaneous growth in demand, jobs, exports & productivity

* Green shoots in investment activity seems to taking hold.

* Rural wage growth started increasing since mid-2018.

* Political stability should push the animal spirits of economy.

* Poor enforcement of contracts and dispute resolution is a big hurdle. Faster legal process should be top priority.

* Savings & growth are positively co-related. Savings must increase more than investment.

* Constant recalibration based on real time data. Data must be created as a public good “of the people, by the people, for the people.

* Survey argues that nudging behaviour change is simplest way to solve many social issues.

* Top policymakers must ensure actions are predictable. Policymaking needs: 1. Clear Vision 2. Strategic blueprint 3. Tactical tools for constant recalibration

* Success of MGNREGS shows govt schemes can make a difference on the ground with skilful use of technology

* A minimum wage policy for bottom rung of wage earners to drive up demand and strengthening the middle class.

* Indian MSMEs need to be freed from shackles that convert them into dwarfs. MSMEs need to be seen as a source of innovation, growth and job creation.

* Policy should enable MSMEs to grow, create greater profits for their owners and contribute to job creation and productivity in the economy .

* India needs to increase per capita energy consumption to raise real per capita GDP by US$ 5000 and improve its HDI ranking.

* The Survey is inspired by Gandhiji's Talisman: “…Recall the face of the poorest man [woman], and ask yourself, if the step you contemplate is going to be of any use to him [her].

* India will enjoy the “demographic dividend” phase in the next two decades but some states will start transitioning to an ageing society by the 2030s.

* India moving forward from Swachch Bharat to Swasth and Sundar Bharat.

* The Survey visualises creating a Detroit for Electric Vehicles in India.

*Ease labour laws to spur job growth.

* The Survey seeks reform in lower judiciary

* Govt stands by the fiscal consolidation path.

* Jan-March economic slowdown due to poll related related activity.

* Greenshoots in investment seems to be taking hold.

* NBFC stress reason for FY19 slowdown.

* Decline in NPAs should push up CAPEX cycle.

* General fiscal deficit seen at 5.8% in FY19 VS 6.4% in FY18.

* Investment rate seen higher in FY20 on improved demand.

* Oil prices seen declining in FY20.

*Accomodative MPC policy to help cut real lending rates.


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Important Update For Rbi Grade B Exam 2019 The Reserve Bank of India (RBI) cut repo rate for fourth time this year on 08th August as benign inflation provides the central bank room to help an economy that is growing at its slowest in nearly five years. The RBI's monetary policy committee, led by governor Shaktikanta Das, lowered repo rate by 35% basis points to 5.4%. Almost 80% of 66 economists surveyed by Reuters expected the RBI to cut its benchmark repo rate by 25 bps while three predicted a 50 bps cut. The RBI also lowered the GDP growth rate for 2019-20 lower to 6.9%, as compared to earlier estimate of 7%. All members of the MPC unanimously voted to reduce the policy repo rate and to maintain the accommodative stance of monetary policy. The last time the RBI made so many back-to-back cuts was after the global financial crisis over a decade ago, when most major central banks were desperate to revive economic growth. A slew of high-frequency indicators - including sliding car sales - suggest the economy is yet to recover from a dismal performance in the first three months of this year, when GDP growth slumped to a five-year low of 5.8%. Running at 3.18% in June, India's retail inflation has remained below the central bank's medium-term target of 4% for almost a year. Monsoon, after a poor start, has also picked up. Last month, the US Federal Reserve cut interest rate for the first time since global financial crisis. This allows RBI room to retain easing bias, say analysts. But analysts say that rate cuts alone cannot help India's economy unless the benefits are passed on to consumers and corporate borrowers. Banks, saddled with bad debt, have been slow to reduce lending rates despite the RBI's prodding. For More Free Updates -: https://www.facebook.com/rbigradebcoachingbydassir/

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Hello guys...looking for people (RBI comprehensive complete course) to buy iexambee We can study in a time groups/slots as course can be accessed from.one device at a time. Course cost is 17000/- but I am getting in 12000/- ( per head cost will be divided) group count- 3 to 4 max Everything will be shared among group. Key benefit - course will be valid till selection so both 2019, 2020 and even beyond can enroll. Reason- I am a student so unable to buy on individual basis If anyone interested can please drop a mail on pramodbansal41@gmail.com with contact number. Thank you and awaiting a reply from interested candidates.

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Hello guys I have EDUTAP RBI GRADE B PHASE1+2 FULL NEW VIDEO COURSE2019 , along with chapter wise summary sheets pdfs varying level of chapter wise questions +SEBI GRADE A 2019 U can take it as I don't need it at cheapest price guaranted For 3500 original cost 23500 Call or W app 8%9%7%9%2%4%6%3%5%6 CONDITION-ONLY SERIOUS ASPIRANT

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Principles of Risk Management

Various organizations have laid down principles for risk management. There are risk management principles by International standardization Organization and by Project Management Body of Knowledge.

The Project management body of knowledge (PMBOK) has laid down 12 principles. This article carries an amalgamation of both PMBOK and ISO principles. The various principles are:

  1. Organizational Context: Every organization is affected to varying degrees by various factors in its environment (Political, Social, Legal, and Technological, Societal etc). For example, an organization may be immune to change in import duty whereas a different organization operating in the same industry and environment may be at a severe risk. There are also marked differences in communication channels, internal culture and risk management procedures. The risk management should therefore be able to add value and be an integral part of the organizational process.
  2. Involvement of Stakeholders: The risk management process should involve the stakeholders at each and every step of decision making. They should remain aware of even the smallest decision made. It is further in the interest of the organization to understand the role the stakeholders can play at each step.
  3. Organizational Objectives: When dealing with a risk it is important to keep the organizational objectives in mind. The risk management process should explicitly address the uncertainty. This calls for being systematic and structured and keeping the big picture in mind.
  4. Reporting: In risk management communication is the key. The authenticity of the information has to be ascertained. Decisions should be made on best available information and there should be transparency and visibility regarding the same.
  5. Roles and Responsibilities: Risk Management has to be transparent and inclusive. It should take into account the human factors and ensure that each one knows it roles at each stage of the risk management process.
  6. Support Structure: Support structure underlines the importance of the risk management team. The team members have to be dynamic, diligent and responsive to change. Each and every member should understand his intervention at each stage of the project management lifecycle.
  7. Early Warning Indicators: Keep track of early signs of a risk translating into an active problem. This is achieved through continual communication by one and all at each level. It is also important to enable and empower each to deal with the threat at his/her level.
  8. Review Cycle: Keep evaluating inputs at each step of the risk management process - Identify, assess, respond and review. The observations are markedly different in each cycle. Identify reasonable interventions and remove unnecessary ones.
  9. Supportive Culture: Brainstorm and enable a culture of questioning, discussing. This will motivate people to participate more.
  10. Continual Improvement: Be capable of improving and enhancing your risk management strategies and tactics. Use your learning’s to access the way you look at and manage ongoing risk.


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Role of HRD in Risk Management

The importance of Human Resource Management can not be neglected especially when companies are operating in such a volatile and unstable environment. The department plays a vital role in risk management. Needless to say, handling people is one of the most difficult tasks in the world and human resource department of any company has to handle them and other related issues every now and then. Risk Management is not only about controlling or reducing the negative effects of physical and financial threats to the organization. Rather it also includes handling and controlling the risk arising from shortage of employees, their refusal to work and many other issues.It’s human capital who can make or break the organization. It can take it to new heights or can weaken it. It is, therefore, very challenging to handle and manage the risk resulting from people of the organization. It is only human resource that helps management in dealing with risk. The situation would be worst if they themselves become a risk factor. People use their skills and intellect to solve expected or unexpected problems. But what if when they themselves become the greatest source of risk or other problems? This is when HRD plays a key role. Let’s discuss what Human Resource Department of any organization can go the extra mile to manage risk.


Human Resource Management is not only about making policies for the organization.

 In today’s unpredictable environment, it is certainly the indispensable part of an organization. The major function of HRD is to get the job done from employees and that too ensuring the interest of both the parties - management and employees. Managing the labor, handling their issues, proper and regular supply of human capital, motivating employees to perform their task in a better way, avoiding unnecessary conflicts and using people to handle risk are what HRD is supposed to do.When we talk about HR related risks, the subject includes problems related to recruitment and retention, adjusting skill-confidence level of employees, stress management, maintaining industrial relations and many more. All these risks can threaten the smooth working of an organization. HRD and risk management are inter-related as they both deal with expected and unexpected problems arising in any organization.


Risk management plans are specially developed and implemented to manage the risk and reducing its negative effect on the organization

It may or may not be a part of HRD. If the company is facing financial or physical threats, the risk management may not be a part of human resource department. But if it is related to people, industrial relations, conflict management and stress management, it is definitely a part of HRD. It always deals with crisis of human resources of the company. Recruiting, training and retaining people are the major issues that need to be addressed timely.HRD also has to deal with people calamities such as accidental death of an employee, temporary or permanent paralysis, constructional accidents, labor discrimination, etc. Like other risk management plans, plans and programs developed for handling HR issues are not free from problems. They also have some flaws that need to be addressed by HR managers as and when required. 


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Role of Technology in Driving Financial Inclusion

The banking sector has made rapid strides largely because of the swift advancement in technology. Auto­mated teller machines, internet and mobile banking, payment wallets, and other advancements have brought in significant improvements in consumer experience and have also helped banks widen their reach.

RBI has been actively involved in harnessing technology for the develop­ment of the Indian banking sector over the years. The apex bank took upon the task of promoting computerisation in banking to improve customer services, book keeping and management infor­mation system (MIS) to enhance pro­ductivity. RBI has played a pivotal role in achieving various objectives such as implementation of the electronic payment system such as RTGS (Real Time Gross Settlement), electronic funds transfer (NEFT), mobile banking system etc.

Adoption of the Core Banking Solu­tions (CBS): CBS is networking of branches, which enables customers to operate their accounts and avail of banking services from any branch of the bank on CBS network, regardless of where the customer maintains his/her account.

Mobile Phone Penetration

Leveraging mobile phone penetration and mobile phone service, providers are introducing innovative methods of bringing the unbanked populations into the formal economy using mobile phones.

India has witnessed rapid growth in mobile adoption and today more than 70 per cent of the population owns a mobile phone.

The extensive reach of mobile phones offers an innovative low-cost channel to expand the reach of bank­ing and payment services especially to the large section of rural mobile subscribers.

It has advantages over traditional banking methods because it breaks down geographical constraints.

Other advantages include imme­diacy, security and efficiency.

Mobile banking also reduces the cost of financial transactions as it involves little or no infrastructure cost to the bank and no additional investment from the customers.

Government Initiative for Inclusive Growth

Financial inclusion is likely to remain high on the government’s agenda over the next decade. Over the last several years, many initiatives have been progressively launched.

Digital India

The Digital India initiative, coupled with a payment infrastructure, is laying the cornerstone for a digital economy, keeping in mind the increas­ing willingness of people to use the internet and the rising data traffic in the country.

The impact of Digital India by 2019:

An investment of $18.4 billion to provide last mile internet connectivi­ty, better access to government ser­vices, and development of IT skills

Provision of Wi-Fi services in cit­ies with a population of more than one million, as well as major tour­ist centres

Provision of broadband internet access to 250,000 village clusters by 2019 at a cost of about $5.9 billion

Availability of digital lockers to each citizen, allowing them to store all their original identification docu­ments and records

Development of 100 smart cities in India

Focus on moving towards automation in delivery of government services

Achievement of a leadership position in IT towards betterment of health, education and banking services

Widened internet access and an enabled use of shareable private space on a public cloud model in order to empower citizens digitally

Aadhaar Card

The technology-levered Aadhaar programme is likely to be the big­gest disruptor in financial inclusion delivery, as innovations leveraging the Aadhaar card are expected to assist in broad-basing the access and acceptance by financially excluded segments.

Direct Benefits Transfer

The scheme was initiated to facilitate disbursements of government entitle­ments such as those under the social security pension scheme, handicapped old age pension scheme, etc., of any central or state government bodies, using Aadhaar and authentication thereof, as supported by UIDAI.

As the market has been exposed to innovative digital-based services that have been disruptive in nature, it is now betting on changing client preferences to move from pricing (discounts)...

Retail Banking

The provision of these services is expected to encourage electronic retail payments and facilitate inter-operability across banks in a safe and secured manner.

Payment Banks

Payments banks are a new model of banks conceptualised by the Reserve Bank of India (RBI).The main objec­tive of payments bank is to widen the spread of payment and financial services to small business, low-income households, migrant labour workforce in secured technology-driven environ­ment in remote areas of country.

They can raise deposits of up to Rs 1 lakh, and pay interest on these balances just like a savings bank account does

They can enable transfers and remittances through a mobile phone at low cost

They can offer services such as automatic payments of bills, and purchases in cashless, cheque less transactions through a phone

They can issue debit cards and ATM cards usable on ATM net­works of all banks

They cannot lend money and issue credit cards

Digitisation Trends and Opportunities

Consumer behaviour is changing towards rapid adoption of digitisation

As the market has been exposed to innovative digital-based services that have been disruptive in nature (e-commerce players and e-gover­nance services), it is now betting on changing client preferences to move from pricing (discounts) to conve­nience and service.

Demographic dividend is likely to create a large digital-savvy customer segment

India’s demographic dividend is well suited to switch to digital behaviour, considering that the median age of an Indian is expected to be 29 years by 2020, with 900 million of the population falling in the age group of 15–60 years by 2025.

The banking sector has made rapid strides largely because of the swift advancement in technology...(that) have made significant improvements in consumer experience and have also helped banks widen their reach.

As the market has been exposed to innovative digital-based services that have been disruptive in nature, it is now betting on changing client preferences to move from pricing (discounts)...

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