aise ques rbi walo ne puch lie to mera happy bday ho jaega
Double taxation is the levying of tax by two or more jurisdictions on the same declared income (in the case of income taxes), asset (in the case of capital taxes), orfinancial transaction (in the case of sales taxes). This double liability is often mitigated by tax treaties between countries. This treaty used to solve this Double taxation between 2 countries is called as DTAA Double Taxation Avoidance Agreement
aise ques rbi walo ne puch lie to mera happy bday ho jaega
a country that has been accorded MFN status may not be treated less advantageously than any other country with MFN status by the promising country .. For eg ... Pakistan wanted to give MFN status to India .. Suppose it has given MFN status to USA also so then Pakistan is supposed to treat both USA and India equally in terms of bilateral trade and other policies
@[525624:abhibharti]...When was your interview scheduled and when did you get the mail? I am also going through the same issue, have selected wrong region Bangalore when I completed my graduation from Kerala university...So does this mean that eventhough we get interview intimation, this would be cancelled soon?
Olympics: Three medals so far -- 2 Bronze (Gagan and Saina) and one silver (Vijay Kumar).... Some details about them... like Saina-- Rank in world Badmitton... 2nd Woman to win after Malleshwari... then Vijay Kumar is in Army- Dogra regiment.. etc.
Ways to improve Sports in India: Sports part of curriculum/Facilities improvisation/Tech updation-knowledge sharing with other countries like China/USA etc. Less imp: to Cricket and more imp: to overall Sports development... etc.
It could be imp: to know who won Gold/Silver in events where India won prizes and which country stands where... Some tit-bits can also be useful like-- Jamaica-- Bolt-- won+addititonal celebration for Jamaica as the country is celebrating 50th Independence Day (6th Aug-1962)
Financial Inclusion could be important. No need to know about it in Detail. But the reason being: recently, there was a symposium at Bhubaneshwar. Details at RBI website:
symposium on “Financial inclusion in Indian Economy” organized by the Indian Institute of Public Administration, Bhubaneswar on June 30, 2012-- Presided by HR Khan Words he has used in his speech that are important: Lets make sure we use them in case we are asked these questions: " to ensure growth with equity" (Please note that equality and equity are two different concepts. Equality is: Same outcome for all (eg: 2200 calorie food for all). Equity is: Same quality of outcome for all (eg: more cal. count for laborers and less but nominal for IT professionals)..) "objective of inclusive growth" Access to finance -is it a public good? Khan says: "A good is considered a public good if it meets the conditions of 'non-rivalness' in consumption and non-excludability". What he means is: YES- It is public good. Lets not complicate things: What he is trying to say is: Same thing must not be sought by all but it is also essential for all. Eg: Money- is sought by all- but also a corporate CEO doesn't want to grab a daily-wager's Rs 32/day (Thank you- Ahluvalia Sahab) livelihood. Each one has his own means of earning. Khan says: "Financial inclusion efforts do have multiplier effect on the economy" What happens is: we are bringing the production sector under Financial Inclusion -> production increases->sustainable development -> production meets local (national) demand -> Producers profit -> Their saving increase -> Investment increases in banks -> their std. of living increases and they get access to assets -> they become capable of participating in macro economic activities -> Govt. profits for leakage in welfare benefits are tapped. Challenges to Financial Inclusion: AML/CFT (What the heck is that???) AML: Anti-Money-Laundering (Changing black to White money is Money Lundering-- Paise ko laundry bhejna...) CFT: Combating financing of terrorism (Like HSBC bank scandal @ Mexico that happened recently) How are these challenges to Fin. Inclusion? Many people from rural background find KYC norms very elaborate. So there is a floating argument that we need to "Dilute" KYC norms to help bring about Fin. Inclusion. But if you do that then AML/CFT preventions become the problem! (Get real! Anshans are not gonna solve these issues! ) Khan has a great point though: He says- When every one who is capable of participating in financial activities of the country participate - we can make the monetary policies more effective. This will reduce inflation and reduce dependence on "informal sector" (lobbyists?--and others... but use the word "informal sector" which he has used). ("It also reduces reliance on the informal sector which tends to dent the impact of monetary policy decisions.") He suggests methods to enhance Financial inclusion: We measure Fin Inc based on: Financial Inclusion Index -- this is based on 3 dimensions: -> banking penetration (ratio of bank accounts to the total population) -> availability of the banking services (number of bank outlets available per 1000 people) -> usage of the banking system (volume of outstanding deposit and credit as proportion on the net district domestic product) -- Phew! (many categories he's given... Lets's not show we know more in case they start drilling us!) What banks are doing? Establish the basic right of every person to have access to a bank account. How they do it? Khan brilliantly speaks about 5 As (This stuff is super cool!) -> Adequacy and Availability of financial services for all -> Awareness of such services -> Affordability and Accessibility of the appropriate financial products So what mechanisms are available to address the 5 As? Regional rural banks (RRBs), urban co-operative banks (UCBs), primary agricultural credit societies (PACS) and post offices; self-help groups (SHGs) and Micro Finance Institutions (MFIs) Banks follow 2 approaches: Minimalist approach- credit/remmittance etc to financially excluded people and Expanded approach- Apart from banking solns. general insurance, health insurance, micro-pension, mutual fund etc. Innovation in the Fin Inc sector: SHG-Bank Linkage Programme (SBLP)- began in 1980s. In '92, NABARD began linking with SHGs. "The model was also successful in providing solution to the twin problems faced by banks, i.e., low recovery of loans in rural areas and high transaction costs in dealing with small borrowers at frequent intervals".- says Khan (Seriously cool!) What else have they done? (1) Business Correspondents (BCs) for ensuring door step delivery of financial products and services. (individuals like retired bank/government employees, kirana/fair price shops, insurance agents, operators of common service centres, etc.), have been brought in under the BC model ) (2) NFA- No-Frills Account- That is- either nill or low balance accounts (3) Kisan credit cards (4) Upgrade technology- ATMs, mobile technology, Aadhaar Enabled Payment Systems (AEPS), etc. (5) Mobile Banking (Don't forget- India is 2nd largest Mobile user in the world!) -- Inter Bank Mobile Payment Service (IMPS), an instantaneous 24x7 electronic funds transfer system has been developed by the National Payment Corporation of India (NPCI).
Problems in implementing: Security concerns/Infrastructure problems (Where is the power?? 8-12 hours power cut!) -- many models are needed for each region has peculiar problem... A village in Rajasthan is not the same as a village in Assam!
What is needed? More tie-ups with MIs etc., Innovative solutions, creation of banking awareness (IMP!!!!-- Reserve Bank of India is in the process of launching electronic Banking Awareness And Training (e-BAAT) programmes to increase awareness about technology enabled financial services.!!!), mind-set, cultural and attitudinal changes at the grass-root levels and user friendly technology.
Think this is enough-- but if you need to learn more- go through the speech in the RBI link. Note that: none of these is mine-- all are simplification of what Mr. Khan has said in his speech! He has said some damn good points!
Guys how many of knew that u can only apply for that zone from where u have done your graduation ........ I didnt knew and as of now my interview stands cancelled ........
I have done my graduation from Noida and applied for mumbai zone ........ I called them today they told that they are in process of sending notifications to selected candidates who are not eligible for interviews. So if u've done the same mistake u'll hear from them soon.
