What is meant by ‘currency in circulation’?
It is the total value of the currency (coins and paper currency) that has ever been issued by the Reserve Bank of India minus the amount that has been withdrawn by it.
Currency in circulation comprises of:
-currency notes and coins with the public
-cash in hand with banks.
Currency with the public
-is arrived at after deducting cash with banks from total currency in circulation.
It is the total value of the currency (coins and paper currency) that has ever been issued by the Reserve Bank of India minus the amount that has been withdrawn by it.
Currency in circulation comprises of:
-currency notes and coins with the public
-cash in hand with banks.
Currency with the public
-is arrived at after deducting cash with banks from total currency in circulation.
Prompt Corrective Action (PCA) framework of the Reserve Bank of India intends to ensure that banks do not collapse. Banks placed under PCA have to face following restrictions
1. Restriction on the amount of loans banks can extend
2. Restrictions on branch expansion plans - domestic or overseas
3. Monitoring of bank’s non-performing assets and return on assets
4. Restrictions on entering into new lines of business
5. Restrictions on capital expenditure, other than for technological upgradation within Board approved
limits
A bank will generally be placed under PCA framework based on the Audited Annual Financial Results and the ongoing Supervisory Assessment made by RBI.
Revised Indicators to be tracked for capital, asset quality and leverage would be
- CRAR/Common Equity Tier I Ratio
- Net NPA Ratio
- Tier I Leverage Ratio
1. Restriction on the amount of loans banks can extend
2. Restrictions on branch expansion plans - domestic or overseas
3. Monitoring of bank’s non-performing assets and return on assets
4. Restrictions on entering into new lines of business
5. Restrictions on capital expenditure, other than for technological upgradation within Board approved
limits
A bank will generally be placed under PCA framework based on the Audited Annual Financial Results and the ongoing Supervisory Assessment made by RBI.
Revised Indicators to be tracked for capital, asset quality and leverage would be
- CRAR/Common Equity Tier I Ratio
- Net NPA Ratio
- Tier I Leverage Ratio
🔥Space Reforms
Government's approach to space reforms is based on 4 pillars.
1)the freedom of innovation to the private sector.
2) the role of the government as an enabler.
3) preparing youth for the future.
4) to see the space sector as a resource for the progress of the common man.
#mains_shots
Government's approach to space reforms is based on 4 pillars.
1)the freedom of innovation to the private sector.
2) the role of the government as an enabler.
3) preparing youth for the future.
4) to see the space sector as a resource for the progress of the common man.
#mains_shots
#Data Malnourishment
- There are more than 33 lakh malnourished children in India.
- by Women and Child Ministry
-17,76,902 severely acute malnourished (SAM)
- There are more than 33 lakh malnourished children in India.
- by Women and Child Ministry
-17,76,902 severely acute malnourished (SAM)
-Justice K. Chandru was a well-respected judge among the judiciary and is known for his judgments that impacted the lives of many impoverished and downtrodden people.
-During his judicial career, Justice K. Chandru pronounced over 96,000 verdicts.
-He was known for fighting against caste discrimination and for the rights of backward communities in Tamilnadu.
-He did not want a security guard and didn't want to be addressed as "My Lord" in courts.
-He retired as a judge in 2013 and did not accept a farewell
#ethics #example #mains2021
-During his judicial career, Justice K. Chandru pronounced over 96,000 verdicts.
-He was known for fighting against caste discrimination and for the rights of backward communities in Tamilnadu.
-He did not want a security guard and didn't want to be addressed as "My Lord" in courts.
-He retired as a judge in 2013 and did not accept a farewell
#ethics #example #mains2021
🔥GS 3 - Brainstorming session
Go through this Session and this will Change Your Mains Approach
Must watch for all Serious Students.
👉🏻 https://youtu.be/KGAM80mhLF0
Pls Watch Complete Video
Skip It at your own Risk
https://youtu.be/KGAM80mhLF0
Go through this Session and this will Change Your Mains Approach
Must watch for all Serious Students.
👉🏻 https://youtu.be/KGAM80mhLF0
Pls Watch Complete Video
Skip It at your own Risk
https://youtu.be/KGAM80mhLF0
🔥Active Volcanos in News
Mount Aso - Japan
Kilauea volcano - Hawaii’s
La Palma volcano - Spain
Mount Etna - Italy
Mount Vesuvius - Italy
Stromboli - Italy
#pre2022
Mount Aso - Japan
Kilauea volcano - Hawaii’s
La Palma volcano - Spain
Mount Etna - Italy
Mount Vesuvius - Italy
Stromboli - Italy
#pre2022
Solar conjunction
- occurs when a planet or other solar system object is on the opposite side of the Sun from the Earth.
- the Sun will pass between the Earth and the object.
-Effect : Communication with any spacecraft in solar conjunction will be severely limited due to the Sun's interference on radio transmissions from the spacecraft.
- occurs when a planet or other solar system object is on the opposite side of the Sun from the Earth.
- the Sun will pass between the Earth and the object.
-Effect : Communication with any spacecraft in solar conjunction will be severely limited due to the Sun's interference on radio transmissions from the spacecraft.
#Review #Last_Chance
🔴Get Your Preparation On Track for 2022 - Complete Mains in Targeted Approach in 90 days
Last 12 Seats !!
Check our quality then decide
Lecture 1 - https://bit.ly/3aqSx7G
Lecture 2 - https://youtu.be/KGAM80mhLF0
Schedule - https://bit.ly/3qtZE8X
Enroll - https://bit.ly/2ZPWykv
8830115524
🔴Get Your Preparation On Track for 2022 - Complete Mains in Targeted Approach in 90 days
Last 12 Seats !!
Check our quality then decide
Lecture 1 - https://bit.ly/3aqSx7G
Lecture 2 - https://youtu.be/KGAM80mhLF0
Schedule - https://bit.ly/3qtZE8X
Enroll - https://bit.ly/2ZPWykv
8830115524
#Example
#Ethics
#interlinkages
Set the Reminder - Ask Your Doubts
Lecture 1 - https://youtu.be/IkE95fiSqSQ
Lecture 2 - https://youtu.be/gHdho0dRG48
Lecture 3 - https://youtu.be/QAX1OQbP2zc
Lecture 4 - https://bit.ly/3aqSx7G
Lecture 5 - https://youtu.be/KGAM80mhLF0
#Ethics
#interlinkages
Set the Reminder - Ask Your Doubts
Lecture 1 - https://youtu.be/IkE95fiSqSQ
Lecture 2 - https://youtu.be/gHdho0dRG48
Lecture 3 - https://youtu.be/QAX1OQbP2zc
Lecture 4 - https://bit.ly/3aqSx7G
Lecture 5 - https://youtu.be/KGAM80mhLF0
🔺Ombudsman
A government official who deals with complaints made by ordinary people against public organizations. This concept of Ombudsman arrived from Sweden.
It means an officer appointed by the Legislature to handle complaints against a service or administrative authority.
In India an Ombudsman is appointed to resolve grievances in the following sectors.
-Insurance Ombudsman
-Income Tax Ombudsman
-Banking Ombudsman
A government official who deals with complaints made by ordinary people against public organizations. This concept of Ombudsman arrived from Sweden.
It means an officer appointed by the Legislature to handle complaints against a service or administrative authority.
In India an Ombudsman is appointed to resolve grievances in the following sectors.
-Insurance Ombudsman
-Income Tax Ombudsman
-Banking Ombudsman
🔺What is the RBI Retail Direct Scheme?
● Launched by: Reserve Bank of India
● Purpose: To facilitate investment in Government Securities by individual investors.
● Under this scheme individual retail investors can open a Gilt Securities Account – “Retail Direct Gilt (RDG)” account with RBI. Using this account, retail investors can buy and sell government securities in primary as well as secondary market
● Types of Government Securities that Retail Investors can invest: Government of India Treasury Bills (T-Bills), Government of India dated securities (dated G-Sec), State Development Loans (SDLs) and Sovereign Gold Bonds (SGB).
● Allotment of Securities: The participation and allotment of securities will be as per the non-competitive scheme, which means investors can submit bids without specifying a price. The bonds get allotted to the investors at a price established by competitive bidding among financial institutions
📺Watch this before attending
Lecture 1 - https://bit.ly/3aqSx7G
Lecture 2 - https://youtu.be/KGAM80mhLF0
● Launched by: Reserve Bank of India
● Purpose: To facilitate investment in Government Securities by individual investors.
● Under this scheme individual retail investors can open a Gilt Securities Account – “Retail Direct Gilt (RDG)” account with RBI. Using this account, retail investors can buy and sell government securities in primary as well as secondary market
● Types of Government Securities that Retail Investors can invest: Government of India Treasury Bills (T-Bills), Government of India dated securities (dated G-Sec), State Development Loans (SDLs) and Sovereign Gold Bonds (SGB).
● Allotment of Securities: The participation and allotment of securities will be as per the non-competitive scheme, which means investors can submit bids without specifying a price. The bonds get allotted to the investors at a price established by competitive bidding among financial institutions
📺Watch this before attending
Lecture 1 - https://bit.ly/3aqSx7G
Lecture 2 - https://youtu.be/KGAM80mhLF0
UNESCO Creative Cities Network
● Launched in: 2004
● Aim: To promote cooperation among cities which recognized creativity as a major factor in their urban development.
● Fields: The Network covers seven creative fields: Crafts and Folk Arts, Media Arts, Film, Design, Gastronomy, Literature and Music
Indian Cities Part of UNESCO Creative Cities Network
● Srinagar: Crafts and Folk Arts category.
● Chennai and Varanasi – Cities of music;
● Jaipur – City of crafts and folk arts;
● Mumbai – City of film and
● Hyderabad – City of gastronomy
Why in the News? UNESCO has selected Srinagar as part of the UNESCO Creative Cities Network (UCCN) under the Crafts and Folk Arts
● Launched in: 2004
● Aim: To promote cooperation among cities which recognized creativity as a major factor in their urban development.
● Fields: The Network covers seven creative fields: Crafts and Folk Arts, Media Arts, Film, Design, Gastronomy, Literature and Music
Indian Cities Part of UNESCO Creative Cities Network
● Srinagar: Crafts and Folk Arts category.
● Chennai and Varanasi – Cities of music;
● Jaipur – City of crafts and folk arts;
● Mumbai – City of film and
● Hyderabad – City of gastronomy
Why in the News? UNESCO has selected Srinagar as part of the UNESCO Creative Cities Network (UCCN) under the Crafts and Folk Arts
What is Climate Trace (Tracking Real-Time Atmospheric Carbon Emissions)?
● It was launched in 2021 as a global coalition of nonprofits, tech companies and universities.
● Aim: To make meaningful climate action faster and easier by independently tracking greenhouse gas (GHG) emissions.
● Method: The coalition uses satellite imagery and other forms of remote sensing, artificial intelligence to track human-caused GHG emissions.
● Significance: It is the world’s first comprehensive accounting of GHG emissions based primarily on direct, independent observation.
● It was launched in 2021 as a global coalition of nonprofits, tech companies and universities.
● Aim: To make meaningful climate action faster and easier by independently tracking greenhouse gas (GHG) emissions.
● Method: The coalition uses satellite imagery and other forms of remote sensing, artificial intelligence to track human-caused GHG emissions.
● Significance: It is the world’s first comprehensive accounting of GHG emissions based primarily on direct, independent observation.
Santiago Network - In news - related to ? Try it
Anonymous Quiz
29%
Drug trafficking
36%
Human trafficking
11%
Pollution
24%
Climate change
🔴Government Security
A G-Sec is a tradable instrument issued by the Central Government or the State Governments.
It acknowledges the Government’s debt obligation.
1)Short term - usually called treasury bills, with original maturities of less than one year- presently issued in three tenors, namely, 91 day, 182 day and 364 day)
2)long term (usually called Government bonds or dated securities with original maturity of one year or more).
-In India, the Central Government issues both treasury bills and bonds or dated securities while the State Governments issue only bonds or dated securities, which are called the State Development Loans (SDLs).
-G-Secs carry practically no risk of default and, hence, are called risk-free gilt-edged instruments
A G-Sec is a tradable instrument issued by the Central Government or the State Governments.
It acknowledges the Government’s debt obligation.
1)Short term - usually called treasury bills, with original maturities of less than one year- presently issued in three tenors, namely, 91 day, 182 day and 364 day)
2)long term (usually called Government bonds or dated securities with original maturity of one year or more).
-In India, the Central Government issues both treasury bills and bonds or dated securities while the State Governments issue only bonds or dated securities, which are called the State Development Loans (SDLs).
-G-Secs carry practically no risk of default and, hence, are called risk-free gilt-edged instruments