Current Affairs, General and Banking Knowledge Thread For Bank Aspirants

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are banks required to take permission from rbi before opening new branch????


List of Scams in India – Every Indian must see this...




I put forth the most comprehensive list of multi-crore scams from 2005 till date ever compiled. Read about the emerging millionaires and the people'sillusion.

Prominant Scams Before 2005

Harshad Mehta Big Bull Scam – 4000 crore

Lalu's Chara Ghotala – 950 crores – July 2008 IAS officer Sajjal gets four-yr RI for 39 crore scam

Hawala Scandal – 5000 crores

Bofors Scandal – 64 crores (Also Read: 1 2 3)

Narendra Rastogi serial scammer – more than 43 crores (Read more1)

Dalmia Scandal – 595 crores

Civil Aviation Minister Praful Patel fraud case-50 crores

UTI Scam – 32 crores

Mutual Fund Scam – 1350 crores

Bansali Scam – 1200 crores

Ketan Parekh's Sebi Scam- 888 crores - June 08 – SC issues arrest warrant against Ketan Parekh

Cobbler Scam – 1000 crores

Bribe to allot petrol pumps scam

Churhat lottery scam – ?

Anantnag transport subsidy scam – ?

Bangalore – Mysore Infrastructure Corridor – ?

Kerala SNC Lavalin power scandal – 374.5 crore loss – Dec 09 – Accused CPM leader Vijayan gets bail in graft case.

January 2005

Telgi Scam – 171 crores - Telgi was sentenced 13 yrs RI and 100 cr fine. (Read More 1 2 Timeline 3)

Mayawati's Taj Corridor- 175 crores alleged scam – Case was dropped in 2007 by the pecial designated court due to insufficient evidence (Read more 1 Is Politics such a high paying profession ? 2 May 2008 -Mayawati attempts to stop CBI investigation 3)

Motilal Goel Scam – 1000 crore

February 2005

West Bengal Telecom Scam – 400 crores

India's unchecked textbooks racket – estimated 225 crores

Urea Scam – 133 crores

March 2005

Meghalaya lottery scam - 25000 crore

April 2005

Ration Card Scam – 3 crore

Car Financing Scam – ? crore

Junior Basic Trained teachers' recruitment scam- ?

May 2005

Flood Relief Scam – 13 crores (Read more 1)

Let them eat plastic bags – Gautam Goswami

June 2005

Temple Lands Scam – 30 crores

Franking Scam – 30 crores

July 2005

Volkswagon Equity Scam – 11 crores – Sep 10 – CBI names 6 accused

National Slum Development Programme – 1.52 crores (Same guy of Flood Relief Scam May 05 who said β€œVictims can eat plastic bags”)

Kerala State Electricity Board – 89.32 crores (alleged corruption worth Rs. 100 crores was also involved in the drinking water project)

August 2005

Indian Oil Corporation Scam – ? crores

September 2005

Just talks of investigation of scam shaves off 89000 crores from the market capital

CBI nets 70 officials in all-India anti-corruption drive

Nagmani Scam – 1.5crore

Stamp Scam (Goa) - 30.19 crore

October 2005

Evasion of duty on High End Car's – ? crore

Okhla Industrial Development Authority (Noida) land scam – ? crore

Employment Guarantee Scheme (EGS) Scam- 9.1 crore

Delivering a talk on Corruption in democratic governance,Pandey said that β€œAt present, the total amount of black money in India has been estimated to be in the range of Rs 50,000 crore and Rs 1,00,000 crore. The most worrisome is the fact that even those quarters that are supposed to fight corruption are not totally corruption-resistant”.

Read more: 'Black money behind politics'

November 2005

Local Area Development Scheme (MPLADS) Scam – ? crores

National Agricultural Cooperative Marketing Federation of India (NAFED) Scam – 250 crores – Sep 2007 – HC pulls up CBI for not registering case

β€œI am pained to observe that the law in this country punishes very harshly the small offenders involved in offences of stealing of small amounts to the tune of few hundreds or few thousands. ”Such accused are often sent to jail by the big fishes who defraud the exchequer of crores of rupees…they are dealt with by investigating agencies in a different manner and the law does not act with the same harshness to these offenders,” Justice Dhingra observed in a recent order. ”This attitude of the investigating agencies is beyong comprehension,” he said while directing the CBI to register a case against Pankaj Aggarwal, the alleged mastermind in the scam. Aggarwal has his business in Dubai.

December 2005

Election Fund Scam – ? Crores

Operation Blackboard scam – 1000 crores

Oil for Food Scam – ?

January 2006

Rice Scam – 320 crores

Benami Demat Scam – 30 crores (Sanjay Pandey the same guy in cobbler scam pre 2005)

February 2006

Benami IPO Scam – 32 crores

Liquor Scam – 3600 crores

March 2006

Jaitley an MP who allegedly bailed out Ketan Parekh in Madhavpura Mercantile Co-operative Bank scam case (see Pre 2005 list) one of the biggest scammers enjoys a lavish lifestyle.

The controversial Scorpene Deal – ? crores

April 2006

MTNL GSM Scam – 450 crore

May 2006

Chautala Scam – 1400 crores

BPL Red Cards Scam – 1400 crores

June 2006

The Great Wheat Scam – ?

UTI Franchisee forgery – ? crores

Punjab State Council of Education Research and Training (SCERT) Scam – more than 3 crores

July 2006

BPO Scam – more than 3 crore

Bellary bribe – 150 crore

Duty Exemption Pass Book (DEPB) scheme Scam – 10 crore

August 2006

Unaccounted money on sale of petrol pumps – 18 crores

Punjab Chief Minister Captain Amarinder Singh goes on a multi-crore holiday extravaganza – 2.5 crores

Tata Finance scandal – ? crores

September 2006

Top Punjab cops booked for wireless sets scam – 5 crores

Koda Scandal – 2500 crores – Nov 09 – First arrest made Feb 10 – 1 crore ceized , Ujjawal Chaudhary, senior Income Tax (I-T) officer who was going to reveal connections with politicians and hawals traders abruptly shifted

Punjab Chief Minister Captain Amarinder Singh in real estate fraud – more than 2100 crores (See Aug 2006)

Earlier, all of them had got anticipatory bail from the Punjab and Haryana High Court. Today, they moved regular bail applications. A senior counsel of the Supreme Court appearing on behalf of Captain Amarinder Singh had stressed before the court that his client be granted regular bail till the conclusion of the trial.

β€œWe are discussing legal recourse to be taken in the Apex Court. We may even file public interest litigation before the Supreme Court asking for intervention in the case. It is a mockery of the law we are witnessing in the case. Scores of witnesses are going back on their words. We may even demand the CBI inquiry into the change of stance by the witnesses,” – Report of Jan 2008

October 2006

West Bengal State Consumer's Federation Ltd (CONFED) Paddy Scam– ? crore

SEZ Controversies – RBI fears of a revenue loss β€” some Rs. 170,000 crore over the next five years by way of income tax, excise and customs duties foregone (based on a NIPF study). Read More 1

Dharmesh Doshi, Madhavpura Cooperative Bank scam – 1030 crores

Barak Missile Deal – 400 crore – The CBI case alleges that Rs 2 crore were paid to the president of a political party (Jaya Jaitley), who functioned from the residence of the then Defence Minister (George Fernandes). March 2008 Nandas claim innocence

Blood Test Kit Scam – ?

November 2006

Bangalore Development Authority and Bangalore Mahanagara Palike on illegal constructions – 180 crore

NSDL and CDSL bags illegitimate profits in an IPO manipulation scam– 116 crore

December 2006

SMS Con – 40-100 crore (Read more 1)

Agrofed job scam – ? crore

Haj Quota scam- bribes taken to illegally procure seats from the Government's subsidised Haj quota for 1 lakh muslims.

January 2007

Illegal Telephone Exchanges Scam – 1000 crores

Non-Banking Financial Companies (NBFC) Scam – swindled 12,000 crores of small investors before leaving the state

Karnataka State Government to award a meagre cash prize (Rs. 2,000) to Jayant Tinaikar, who reportedly exposed the fake stamp paper scam 12 years ago.

February 2007

Uranium Corporation of India Limited Scam – 20 crores

Oriental Bank Scam – 596.44 crores

Mandankumar Scam – 3.5 crores

March 2007

Pune Hassan Ali Khan Scam – 50 crores - I-T department, ED, and IB estimates that several thousand crore rupees were routed out of India(possibly swiss banks) through havala and banking channels. (Read More 1 2)

Congress MP Moni Kumar Subba from Tezpur, lied about his Indian nationality for 16 years manages to scam the country off by 25000 crores

There is little chance of recovery in most of these cases as there are not many assets to recover the arrears, officials claimed.

April 2007

Air Ticket Booking Scam – 13 crores

The Royapettah Benefit Fund (RBF) in Chennai went bust drowning Rs 450 crore and leaving investors and depositors in the lurch a company allowed to operate by RBI.

Fertilizers Subsidies Scam – ? crores

May 2007

Arunachal Pradesh's corrupt governance: 1000 crores (Read moreMisappropriation under former CM Gegong Apang and present incumbent Dorjee Khandu) Aug 10 - Apang arrested

There were a number of cases regarding mismanagement in the Public Distribution System. People in the villages were not getting enough food allotted by the Centre. Cooperative rural banking scams affected small depositors like labourers and teachers. The hydel power sector was also in doldrums.

Sampoorn Gramin Rojgar Yogana Scam – 457 crores . Dec 07 – Scam referred to CBI.

A muti-crore scam under which the poor were deprived of foodgrains under the state scheme. A systematic loot was taking place in the state and the government was not willing to give permission for holding a CBI probe into the scam running into crores of rupees.

Warehouse Receipts Scandal – 500 crores

July 2007

Stock Holding Corporation of India Limited (SHCIL) Scam – ?

Hyderabad Metropolitan Water Supply and Sewerage Board (HMWS&SB;)Scam – ?

Punjab Public Service Commission (PPSC) recruitment scam – 8 crores

Three judges of the High Court were found taking favours from Ravi Sidhu, former PPSC chairman. On April 19, 2004, 25 sitting judges of the High Court had gone on mass leave protesting Chief Justice B K Roy's move to seek an explanation from two judges, Justice Vinay Mittal and Varinder Singh, who had allegedly applied for membership of a private golf course, Forest Hill Resort Club. The club was involved in litigation and was later demolished on the orders of the High Court. The club was illegally constructed in complete violation of Forest and Environment laws. Honorary memberships were given to IAS officers and the two judges to legitimise the illegalities

August 2007

Delhi Development Authority canteen owner Ashok Malhotra ownedmore than 50 cars and 10 motorcycles were recovered, all bearing special VIP number plates. Raid unearthed 5000 land documents, ? crores

Former Supreme Court Chief Justice YK Sabharwal was involved in dubious judicial deal-making that earned his sons huge profits. – ? crores

September 2007

Kerala State Cooperative Bank Scam – 2000 crores

Aircraft Import Scam – 1059 crores

Leave Travel Concession (LTC) Scam – loss of Rs 200 crore to Government and PSUs.

Indian Space Research Organisation (ISRO) Land Scam – ? crores

'ISRO comes directly under the prime minister and it is they who have to launch an inquiry and not us. If they are ready for it, then the state government will provide all necessary help,' – Kerala Chief Minister V.S. Achuthanandan

October 2007

Das filed the petition challenging the actions of the banks in waiving of around Rs 2,300 crore of public money arbitrarily without any valid reason. Describing this as the largest single waiver in the history of Indian banking industry.

Fake housing projects in north India – 500 crores - Y S Rana from Delhi. Rana was the owner of PS&G; Developers and Engineers Ltd arrested by EOW.

Kidney Transplant Racket – ? crores more than a 1000 victims. (Read more 1 2 3 4bar)

Many innocent labourers lost their kidney in lure of money and job.The racket is believed to be spread in various states, including Jammu and Kashmir, Rajasthan, Haryana, Delhi and Maharashtra. Source

Coal India Ltd illegally diverted at least Rs10 crore from the funds it had collected for over a decade and meant for the Prime Minister's National Relief Fund (PMNRF).

Part of the funds collected at the time of the Kargil war for the NDF have been transmitted as late as 27 August 2007, after the initiation of this inquiry.” The Kargil war happened in 1999.

December 2007

Funds collected for victims of the Kargil war, Orissa cyclone and Gujarat earthquake were misused by top IAS officers in Punjab – the documents prove that officers posted as deputy commissioners in Ludhiana, Patiala and Sangrur misappropriated and misused crores of money while heading the Red Cross societies in their districts.

Lucknow Development Authority (LDA) Land Scam – 6 crores

January 2008

Punjab VB arrests whistle-blower

Punjab vigilance bureau is penny wise and pound foolish. A sub-divisional officer (SDO) who blew the whistle on a scam worth crores was arrested by the bureau in an alleged graft case (see pre 2005 SNC Lavalin). While the SDO has been suspended, his own report on the utilisation of border area funds β€” exposing what is probably the tip of the iceberg β€” is gathering dust.

February 2008

Kolkotta Museum Scam – 18 crores

One of the biggest repositories of the country's cultural and historical heritage, has been siphoning off crores of rupees under the pretext of preserving priceless artifacts, a probe has found.

March 2008

Senior Punjab IAS officer suspended for going out of his way to help a company by hiring it without inviting tenders and extending advances without proper bank guarantees. The company failed to repay, causing loss of Rs 20 crore to the corporation.

KPMG – India is β€œfraud haven”

April 2008

BCCI Dalmiya Scam – ? crores

Illegal export of sandalwood – 5 crores

June 2008

Madhya Pradesh Health Minister Ajay Vishnoi quits after Income Tax raid on brother's premises – 500 crore

Hotel Le Meridien Credit card skimming – 1 crore

July 2008

Parliamentary horse trading – ? crores

Ghaziabad Provident Fund scam – 23 crores – involved 83 accused included 36 judges, including one sitting Supreme Court judge, 11 High Court judges and 24 judges of subordinate judiciary. Beneficiaries of the ill-gotten money which was siphoned off fraudulently on the basis of fake documents and fictitious government servants and withdrawal of crores of rupees from the provident fund account of third and fourth-grade employees in Ghaziabad region between 2001 and 2008.(Read more 1) Chief Justice of India KG Balakrishnan denied heading the bench hearing (Read more 1) Dec 08 - CBI says it would seek permission to interrogate the judges. Oct – 09 – Key accused dies of heart attack while in custody Jul 10 No evidence against 17 out 41 judges and 24 remaining judges

Ghaziabad police sought permission from the Chief Justice of India and Allahabad Court to initiate a probe against the judges accused in this scam. While the Allahabad High Court dismissed the petition summarily, at the Supreme Court, Chief Justice K. Balakrishnan handled the request with remarkable astuteness and ordered a novel method of investigation that would protect the prestige and the reputation of the judiciary as far as possible.

August 2008

Fake Currency Scam in Uttar Pradesh Bank – 1.5 crores

September 2008

Fake RBI Cheques Scam – 14 crores

October 2008

Shirdi Ghat Repair – ? crores

November 2008

Mid Day Meal Scam – 15.37 crores

2G Spectrum Scam – 1,76,000 crores Dec 08 – Center claims that charges are baseless (Read more 1 2 3 4)

Satyam Computer's Emergency Management Research Institute (EMRI) Ambulance Services Scam – 5600 crores

December 2008

E-ticketing fraud – 5 crores

January 2009

11 Directors of National Agricultural Marketing Federation of India(Nafed) face criminal action in a Rs3,700 crore fraud.

Satyam Fraud – 7 to 14000 crores – Pricewaterhouse Coopers saw no fraud in Satyam – Nov 09 CBI arrested Satyam's internal audit head V S Prabhakar Gupta for allegedly fabricating account books, just days before it is due to file a second chargesheet in the multi-crore fraud at the IT firm. Jul 10 – Promoters wrongfully gained 2643 crores (Read more 1 2 3 4 5 6 7)

Reports said that investors like DSP Merrill Lynch, DSP Blackrock, ILFS Financial Services and Deutsche Bank offloaded their shares days before Satyam fraud came out in open.

May 2009

Computer Purchasing Fraud – 1.53 crores

Divine Homeopath Investment Manager – 1600 crore

Ordnance Factory Board (OFB) arms deal scam – ? crores - Jul 10 - 6 firms get blacklisted

Dr A S Bindra father of ace shooter Abhinav Bindra and managing director of Punjab Meats Limited, Dera Bassion had charges of cheating, fraud and forgery. He committed fraud with a Delhi-based private financial company, Apple India, to the tune of Rs 4.31 crore and with the IndusInd Bank to the tune of Rs 5 crore. (Read more 1)

June 2009

Ashok Jadeja Divine Ayurved and Money Multiplier – 100 to 1600 crores (Read more 1)

MCD 45000 Fake Employees Scam – 500-1000 crores annually

July 2009

Bitumen Scam – more than 100 crores

Chhattisgarh Paddy Scam – 4000 crores

August 2009

All India Council of Technical Education bribery scam – ? crores – Chairman R.A. Yadav, who drew a monthly salary of about Rs 80,000, had amassed property worth crores.

Metal Scrap Scam – ? crores

SBI Kanpur – 52 crores - Assistant General Manager, 2 Chief Managers and some senior managers, who were suspected to be directly involved in pilfering the bank by crediting fake cheques into select accounts.

September 2009

Austra Coke – 1000 crores

Bollywood star Nasir Khan figures in multi crore rupee chit fund scam – 191 crore

October 2009

Gold Quest Scam – 1100 crore

December 2009

Dr Suresh Dhotre medicine fraud – 47 crores

January 2010

IAS officer Pradeep Sharma Bheed Bazaar Land allotment scam – 70 crores

Railways and LIC Scam – 400 crores

February 2010

Bhopal Home Loan Scam – 2 crores

Wipro Embezzlement Fraud – 180 crores

Chak De India Scam – ?

PAN Card Scam – 3 crores

March 2010

Kandla Port Trust (KPT) Scam – ? crores – 16000 acres of land was leased out to few parties at nominal rates.

Fake Income Tax Returns Scam – 6 crores

April 2010

President of the Medical Council of India (MCI), Dr Ketan Desai in college scam – 500 crores - Demanded Rs 40 lakh from students seeking admission in a capitation fee racket and money for allotting seat as a management quota student. (Read more 1 2)

Financial Fraud hits 87% of Indian companies

[caption id="attachment_888" align="aligncenter" width="224" caption="Perception of Fraud in India"][/caption]

June 2010

Canara Bank defrauded – 9.14 crore

Railway Recruitment Board Paper Leak – 15.5 crore (Read more 1 2)

July 2010

Lalit Modi Indian Premier League (IPL) Scam – 1200 crores (Read more 1)

August 2010

Commonwealth Games Scam - 8000 crores (Read more 1 2)

September 2010

Senior citizen savings scheme (SCSS) Post Office Scam - 2 crores (Read more 1)

October 2010

International Film Festival of India (IFFI) Infrastructure creation Scam in Goa - ? crores

Adarsh Society Scam – ? crores

November 2010

State-owned Mineral Scrap Trading Corporation (MSTC) was defraudedby jewelery traders – 1400 crores

December 2010

Citibank swindle – 300 crores (Read more 1)



copy pasting from( all Credit Goes to This Face Book Page )

https://www.facebook.com/notes/baba-ramdev-support-page/list-of-scams-in-india-every-indian-must-see-this/119792938106862

thanks


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how to learn union budget and railway budget..... yr m fininding it very tough can nyone tell me how to study it and learn it for banks exams...... its very lengthy.....

how to learn union budget and railway budget..... yr m fininding it very tough can nyone tell me how to study it and learn it for banks exams...... its very lengthy.....

β€œDesh Prem Azad”, who passed away, recently was the coach of which of the following cricket legends?

What is the name of newest mammal and the first carnivore discovered in the America recently?

Who among the followings has been selected for Sir Edmund Hillary Mountain Legacy Medal 2013? [A]Harshwanti Bisht [B]Rekha Sharma [C]Chandra Prabha Aitwal [D]Sumana Nagarkar Β© 2009-2013 http://www.gktoday.in

Rajiv Gandhi Udyami Mitra Yojana was launched on February 7, 2008. The scheme aims to provide handholding assistance to first generation entrepreneurs through lead agencies or Udyami Mitra, who shall provide guidance to the potential entrepreneurs and help them in completion of various tasks and formalities necessary for the establishment of the enterprises.πŸ‘

The International Youth Day is an awareness day designated by the United Nations to be observed on 12th August every year. This year's observance of International Youth Day focuses on the issues of youth migration. The theme for 2013 is Youth Migration: Moving Development Forward.😁

Which one of the following is the world's first nuclear reactor which uses thorium to achieve power flattening across the reactor core? [

Ronjan Sodhi, who has been recommended for the prestigious β€œRajiv Gandhi Khel Ratna” award is associated with which sports/games? [A]Shooting [B]Wrestling [C]Hockey [D]Football

what is the meaning of "credit"...... and meaning of this sentence of union budget.... ο»Ώ

ο»Ώο»Ώο»Ώ"tax credit of 2000 will be provided to all those persons who have income upto 5 lakhs per annum."

Chairman of

Common Minimum Programme implementation committee for Jharkhand.

Which Company launches mobile money transfer with ICICI Bank called as

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Number Of High Courts In India