CURRENCY WAR
Definition: A currency war is when a nation's central bank uses expansionary monetary policy to lower the value of its money. Low currency values aid exports by making them cheaper in comparison to other countries' exports. That helps businesses and boosts economic growth. It also makes imports more expensive. That hurts consumers and adds to inflation.
Currency wars is a term coined in 2010 by Brazil's Finance Minister Guido Mantega. How it works? Exchange rates determine the value of one country's currency versus another's. A country in a currency war deliberately lowers that value. Countries with fixed exchange rates just make an announcement. Most countries fix them to the US dollar because it's the global reserve currency. Most countries are on a flexible exchange rate. They must increase the money supply to lower the currency's value. A central bank has many tools to increase the money supply by expanding credit. It can lower interest rates. It can also just add credit to a nation's bank reserves. That's called open market operations or Quantitative Easing. A country's government can also influence the currency's value. It does this by spending more or cutting taxes (expansionary fiscal policy.) Usually, it does it for political reasons, not to engage in a currency war.
So marks out
14th Feb, 2018 CA:
Context: Defence Acquisition Council has cleared a plan to procure some much-needed fire-power for the armed forces, expected to cost Rs. 15,935 crore. The list includes light machine guns, assault rifles and sniper rifles. Context: Jogighopa, a small town in Assam, is set to become India’s gateway to South-East Asia as well as the rest of the North-East with the road ministry gearing up to develop a multimodal logistics park (MMLP) there with road, rail, waterways and air transport facilities.
Context: The President of India, Shri Ram Nath Kovind, recently hosted an ‘LPG Panchayat’ at Rashtrapati Bhavan. The LPG Panchayat was organised by the Ministry of Petroleum and Natural Gas with an aim to provide a platform for LPG consumers to interact with each other, promote mutual learning and share experiences. Each LPG Panchayat has about 100 LPG customers coming together, near their living areas,to discuss safe and sustainable usage of LPG, its benefits and the link between clean fuel for cooking and women’s empowerment.
About LPG Panchayat: The LPG Panchayat is an interactive communication platform aimed at educating rural LPG users about proper safety precautions to be taken while using LPG, its benefit to the environment, its effect on women empowerment and health. With this, the government aims to reach the doorsteps of poor and under-privileged women to educate them about the safety and efficiency, health benefits, positive impact on environment, economic development and empowerment on usage of LPG connections. One lakh LPG Panchayats would be activated across the country under the scheme during the next one and a half years. The idea of this platform is to trigger a discussion through sharing of personal experiences on the benefits of use of clean fuel compared to traditional fuels like cowdung. The agenda would also include safe practices, quality of service provided by distributors and availability of refill cylinders. About the Pradhan Mantri Ujjwala Yojana: Under the Pradhan Mantri Ujjwala Yojana, Rs.8,000 crore has been earmarked for providing 50 million LPG (liquefied petroleum gas) connections to poor households. Under the scheme, an adult woman member of a below poverty line family identified through the Socio-Economic Caste Census (SECC) is given a deposit-free LPG connection with financial assistance of Rs 1,600 per connection by the Centre. Eligible households will be identified in consultation with state governments and Union territories. The scheme will be implemented over the next three years. The scheme is being implemented by the Ministry of Petroleum and Natural Gas.
Context: Finance minister Arun Jaitley had proposed a merger of these three PSU general insurers in the Union Budget on February 1. The proposed merger of three public sector insurance firms may be completed by early 2019. — National Insurance (NIC), Oriental Insurance (OIC) and United India Insurance (UII). Purpose: There are a lot of operational advantages and savings that will accrue from this proposed merger. The trigger for central government to go for merger of three general insurers is mainly to boost up their solvency ratio and divest part of its holding in the market. Merger will also stop the unhealthy competition between the government-owned insurers. It is hoped that this merger will make companies stronger.
Context: Rajasthan government has announced one-time farm loan waiver of up to Rs50,000 for small and marginal farmers in the state, which would cost Rs8,000 crore to the exchequer. The government has also announced setting up a farmer loan relief commission where farmers can approach and present their side for getting relief on merit basis. Background: In India, farm loan waivers have been announced intermittently by both the central and state governments to provide relief to farmers facing distress due to natural calamities/crop failure. According to a 2017 report by the RBI, farm loan waiver amounting to Rs 88,000 crore likely to be released in 2017-18 by seven states, including Uttar Pradesh and Maharashtra, may push inflation on permanent basis by 0.2%.
President of India in Kanpur; inaugurates international conference ‘Agricon 2018’ and ‘Agriexpo 2018’—‘per drop,per crop’
Increase of 12.10% in Budget allocation for M/o Social Justice & Empowerment in Union Budget 2018-19 over 2017-18
Increase of 41.03% in Budget allocation for Welfare of OBC in 2018-19 over 2017-18
New Scheme Venture Capital Fund for OBC’s on similar lines as Venture Capital Fund for SC’s to be launched
A New scheme Venture Capital Fund for OBCs on similar lines as Venture Capital Fund for SCs to be launched with an initial corpus of Rs. 200 crore. Rs. 140 crore has been provided for it in 2018-19. For the first time, National Survey will identify victims of drug abuse. The survey is already underway and expected to be completed by March-April, 2018.For the first time, Rs. 200 crorehas been provided for rehabilitation of victims of drugs abuse.
Kisi Exam me agar Preliminary ka Marks Add nahi hota ho. Overall Cut-Off paar ho. Mains ka Exam Scheme bhi favourable ho. Aur fir thode se sectional atak jaaye. Ye Pida asahniya hoti hai.
Predict my Interview marks Q: No of districts in your state ? Ans: I do not know sir Q: Tell us something about yourself? Ans: Gave a good introduction Q: Family background amd father's occupation? Ans: Explained well Q: What is a contract? Ans: Definition in one line Q: How many PSB? Name them? Ans: 22 and named 15-16 and they asked next question Q: Name some women from your state who are in the news? Ans: (after thinking for 10 seconds) I cant get any names sir. (later found out that there weren't any females in the news) Q: Main Interviewer: What is PCA and name the banks under PCA? Ans: Said PCA is imposed on under performing banks and he said ok ok and then i named 4 banks under it and said ok Q: What are the resources in a business? Ans : People and money They said ok u can go and send the next person in and the lady offered me a 🍬 candyman. I thanked them and left. How many marks should i expect in the interview? ( I am a graduate of 2017)
- 66-70
- 71-75
- 51-55
- 45-50
- 56-60
- 61-65
0 voters
The group "IBPS CLERK 2017-2018 !!!" is not working properly in my cell phone. Guys from the said group, are u too facing the problem? Or, any solution??
Bhai log ek choti si request hai. Manna hai maano nahin to mat maano. Stop idolizing people. It's not aviswati or vikcky Rajput from CGL thread or crick bhai(newspaper man 😋) or Junaid bhai or anyone. Stop putting these guys Ona pedestal and always Wah Wah on their comments. These r good people like u and me and they also don't like this . I know it personally. Let's be friends and co aspirants. Sir / Mam choro ye Samman dikhana nahin hota ye artificial lagta hai muje.idk about others. Same people will understand and haters are gonna hate and I still don't give a flying fu*k of what others think of me. Thnals
ibps po kab hoga
Karamati modi ne pnb ko chuna LGA diya https://m.economictimes.com/news/politics-and-nation/nirav-modi-man-at-the-centre-of-pnb-crisis-left-india-with-family-in-first-week-of-january/amp_articleshow/62930731.cms
this is interesting article
Koi marks btayo yr ibps so mains k
Dekho mere berozgar bhaaiyon agar apko zindagi me "most successful man on planet Earth" banna chahte ho hamare ek bhaai ke jaisa to please us bhaai ki baat sune aur insaano Ko idolize krna chor de. Mai apna bhaai @AbhiABhiD ki baat se sehmat hu aur dekhna jaldi hi Mai sbse jyda successful Insaan ban ke AAP sabhi Ko dikhaunga with "2 GFS and one private job" I will I will rock it. Thanks my friend motivator and idol @AbhiABhiD.
Clerk cutoff 2017-18 mains
- 70-80
- 140-150
- 130-140
- 120-130
- 110-120
- 100-110
- 90-100
- 80-90
0 voters
Kya aap most successful man banna chahte ho? Most successful man = 2 GFS and one private job. Ladkiyan successful nahi ho Sakti sorry jab tak unki 2 gf nahi bane.
- Naa
- Haan
0 voters
Please read this novel "How to be successful with 2 GFS and one private job" written by my idol @AbhiABhiD. Thanks guys. Please share the reviews.
@AbhiABhiD the rockstar and most successful man of this group with "two" GFS and one private job. I am proud to be his idol.
Brothers and sisters of pagalguys please like my idols @AbhiABhiD posts and comments to get featured in his list of "likers" . He will write a congratulatory posts specially mentioning those who likes his posts and comments. Yesterday one guy already won the prize. Offers valid for first come first serve basis.
As mains marks increased from 200 to 225,will it have effect on final cut off??
I may get banned from this par bhaiyon aur behno please mujhe hamesha yaad rakhna. Jab tak suraj chand rahega @AbhiABhiD ke saath uska chela Raju ka Naam rahega.. 📢. Alvida.
Sala kachraa kar ke rakhaa hua hai thread kaa.