- Prologue to six part Article series
- Economy Related Officials/ Regulators
- RBI Banking sector
- RBI key rates / monetary policy rates
- RBI Committees
- Bank CMDs
- Commercial Banks
- Insurance
- PSU & Corporations
- Business GK: Private companies, MNC giants
Prologue to six part Article series
Total six parts covering December 2013 to 8th June 2014- nearly six months that is the usual time span for current affairs most competitive exams below UPSC Civil service exam.
- National
- international
- sports
- banking and business GK
- books, authors, movies, beauties
- diaspora, civilian awards (national + international) and Dead in News
Useful for?
- IFoS mains
- security jobs: CDS, CAPF, ACIO
- Banking jobs: IBPS, SBI PO, SBI Clerk, RBI Grade “B” Officer, RBI Assistant,
- Staff selection: SSC CGL, SSC 10+2;
- State PSC: UPPSC Lower & upper subordinate, Rajasthan, MP, Maharashtra, Punjab, Gujarat, Karnataka etc.
- PSU/Corporation jobs: EPFO, ESCI, FCI, ONGC etc.
All of above exams have 3-5-8 MCQs from Person in news, books, author, awards and sports.
What about UPSC/CSAT / preliminary exam?
- This article series is pretty much useless for Civil service (IAS/IPS), they stopped this variety of MCQs since last three prelims.
- Besides even if UPSC examiner asks something, it’d require far deeper coverage of static background, which I’ve ignored for PIN-2014, because here my focus is non-UPSC exams, their examiners don’t go that deep.
- PIN data asked in IFoS (Forest service) Mains exam, hence important.
- For IFoS prelims not much important, because both civil service and forest service got common prelims (refer to point #2)
Any updates, corrections please do post in the comments but with reference except wikipedia
Economy Related Officials/ Regulators
I’m only dealing with ‘persons in news’ here. Otherwise economy current affairs = separate gigantic matter altogether. For that, refer to .
CAG | Shashi Kant Sharma replaced Vinod Rai in 2013 |
CBDT | Central board of direct taxes. RK Tewari |
CBEC | Central board of excise and customs. Ms. JM Shanthi Sundaram |
CCI | Competition commission of India. Ashok Chavla. |
DG Hydrocarbons | BN Talukdar, previously worked in Oil India Ltd. |
Finance commission |
|
Finance secy | Arvind Mayaram. also headed panel for FDI-FII definitions; NSEL scam. |
FMC | Ramesh Abhishek |
IRDA | TS Vijayan |
NHAI | AK Upadhyay |
PFRDA | Anup Wadhawan replaced Yogesh Agrawal |
Planning commission | Montek Singh Ahluwalia. I think Modi will remove him soon. इसके बुरे दिन आनेवाले है, और आने भी चाहिए for spending 35 lakh rupees for toilet in his office. |
Principle economic advisor | Dr. Ila Patnaik (Indian express columnist) |
SEBI | UK Sinha term extended. previous chairman CB Bhave and board member KM Abrahams trapped in CBI preliminary inquiry (some allege they’re victimized for investigating SAHARA). |
TRAI | Rahul Khullar |
RBI / Banking sector
RBI Gov. | Raghuram Govind Rajan replaced D Subbarao.
|
RBI Dy.Gov | four dy. governors
RBI Dy.Gov term= 5 years/62 years. Minimum age less than 60. (In RBI grade “B” exam they ask such things.) KC Chakrabarty Dy govrnor resigned before his term. वेसे भी अंकलजी लोगो की राजन के साथ बनती नहीं. |
- New Banking license, Badhan IDFC: article click me
- You’ll also find some PowerPoint presentations under Mrunal.org/economy dealing with banking sector evolution, classification, NBFC vs Banks difference etc.
- I’m not repeating ^those things for lack of time and duplication.
Following topics I’ve not yet covered yet in any article, but you should prepare from net:
- Minor accounts-new RBI directive,
- Rupay card
- capital infusion in public sector banks to meet BASEL norms
- SBI launches Tab banking service- savings, housing, e-KYC.
- State bank extends special housing loan scheme indefinitely
- Government sold its stakes from Axis bank (9% @6crore)
- Srei infra co got RBI license to open new 9k white label ATMs. Tata to roll out 15k ATMs by 2016.
RBI key rates / monetary policy rates
key rates | 1st April 2014 | 3rd June 2014 (latest) |
---|---|---|
Bank Rate | 9% | same |
Repo (=also known as Policy rate) | 8% | same |
Reverse repo | 8-1=7% | same |
SLR | 23% | 22.5% (reduced= this will increase money supply by ~40,000 crore) |
CRR | 4% | same |
RBI Committees
After entry of Rajan in September 2013
Anil Kumar Sharma | Public key infrastructure |
Bimal jalan | New Bank licenses- Bandhan and IDFC |
Chandra shekhar | By RBI on simplifying norms for all foreign investors to invest in Indian govt. securities – recommended new category Registered Foreign Portfolio Investor (RFPI) |
Nachiket Mor | Financial products for small businessman and low income households |
PJ Nayak Panel |
|
Urjit Patel | Monetary policy strengthen revise. Target 4% CPI, monetary policy Committee, decision by majority |
Vijaya Bhaskar | By RBI – on resolving foreign exchange benchmark setting process, like LIBOR between FIMMDA and FEDAI – recommended Indian money market and currency market should move towards transaction based benchmark |
G Padmanabha | Facilitating exporters. RBI relaxes merchant banking norms accordingly. |
Bank CMDs
I’m not including all bankers but only those who were in news in last 5-6 months.
AIFI (All India financial institutions)
NABARD | Harsh Kumar Bhanwala |
SIDBI | Sushil Muhnot |
EXIM | Yaduvendra Mathur |
NHB (Housing) | Mohammad Mustafa, IAS |
Who was setup first? EXIM > NABARD > NHB > SIDBI (latest)
Commercial Banks
Allahabad Bank | Rakesh Sethi replaced Shubhalakshmi Panse |
Andhra Bank | C.V Rajendran |
Axis | Shikha Sharma |
Bank of Baroda | S S Mundra |
Bank of India | Vijaya laxmi aiyyar |
Bank Of Maharastra | Sushil Muhnot |
Bharatiya Mahila Bank | Usha Anathasubramanium |
HDFC | Aditya Puri (for banking); Renu Sud Kamad (for NBFC-housing finance) |
ICICI | Chanda Kotchar too clichéd |
Punjab and Sind Bank | Jatinder Bir Singh |
Punjab National Bank | KR Kamath |
SBI | Arundhati Bhattacharya |
State bank of Travancore | MD Jeevandas Narayan |
Union Bank of India | Arun Kumar tiwari |
United Bank of India | Archana Bhargava resigned. (Feb 2014) |
Vijaya BANK | V. Kannan |
Doha Bank | opened its first branch in India, in 2013. |
UCO | Arun Kaul |
Bank of India | VR Iyer |
Oriental Bank of Commerce | SC Bansal |
Indian Bank | TM Bhasin |
Dena Bank | Ashwini Kumar |
Indian Overseas bank | M Narendra |
Canara bank | RK Dubey |
Insurance
IRDA chairman | TS Vijayan |
LIC | SK Rai |
National insurance | NSR Chandra prasad |
Oriental Insurance | AK Saxena |
United Insurance | Milint Karat |
ING Vysya Life Insurance | Boss Kshitij Jain. From now on “Exide life insurance company”, after takeover by Exide industries. |
PSU & Corporations
- List not exhaustive. I’ve only included the names I spotted in Indianexpress since December onwards. Otherwise this list alone would run five mile long.
- Most of them can be ignored unless you’re applying for their Management Trainee exams :)
NMDC | Narenda Kothari new CMD. |
BBNL | Bharat Broadband network ltd. owned by BSNL, Powergrid and Railtel. for implementing National optical fibre network project. |
BSNL | RK Upadhyay |
Delhi Metro | Mangoo Singh. |
GAIL | BC Tripathy |
HPCL- Hindustan Petroleum | Nishivasudeva first female CMD |
IRCON | Indian railways construction company. Signed integrity pact of Transparency international. |
NTPC | Arup Chodhary |
ONGC | DK Sarraf Previously with ONGC Videsh |
Prasar Bharati | Jawahar Sircar. |
SAIL | Chandrasekhar Verma |
Shipping corporation of India | Arun Kumar Gupta |
Business GK: Private companies, MNC giants
- List not exhaustive. I’ve only included the names I spotted in Indianexpress since December onwards.
- As such this is not much important for sarkari job exams (Except for testing random GK during interview).
- These MCQs are asked in certain management colleges that donot accept CAT Scores and have their own separate entrance exams
- + sometimes during IIM interviews, especially after your sales pitch on “Why MBA?”
Adobe | Shantanu Narayen, CEO |
Airbus | Srinivasan Dwarkanath |
Alibaba | Jack Ma. Chinese e-commerce site. Will bring biggest IPO |
Amazon | Jeff Bezos |
Amway India | CEO Willian Pinckney arrested for direct selling. (one type of multi-layer marketing/Ponzi game) |
Apple | Tim Cook, plans to buy headset maker Beats. |
Asus | Jonney Shih |
Axis Capital | Nilesh Shah |
Bitcoin | Satoshi Nakamoto |
Britannia | Varun Berry, MD |
Britannia | Varun Berry, MD |
Cadbury India | changed name to Mondelez India (American company who bought it). although product names will remain one and same. |
CII | Ajay Sriram |
Crisil | Roopa Kudva |
Ebay India | Latif Nathan. Founder is Pierre Omidyar. In news because hackers stole user accounts. |
Mark Zuckerberg acquired whatsapp for 19 billion. | |
FICCI | Federation of Indian Chambers of Commerce and Industry (FICCI).President Sidharth Birla |
Flipkart | Sachin Bansal, acquired Myntra- online fashion store. |
Flipora | Online search engine by Jonathan Siddharth and Vijay Krishnan. |
Forbes Richest | Bill Gates-1 ; Karlos slim- 2 ; Mukesh Ambani 40.Now Bill Gates=World’s first trillionaire. |
FTIL, MCX-SX | Their promoter Jignesh Shah arrested for NSEL scam |
General motors | first woman CEO Mary Barra |
CEO Eric Schmidt. Founders Larry page and Sergei Brin.bought Titan Aerospace (Solar powered drones. will help providing internet connectivy to distant parts of the world) | |
ICAI | K Raghu |
Infosys | CEO SD Shibulal soon to reitre. |
Infosys | CEO SD Shibulal soon to retire. |
ING Vysya Life Insurance | Boss Kshitij Jain. From now on “Exide life insurance company”, after takeover by Exide industries. |
Intel | Renne James – latest process is “Core M” |
Kamal Bali | Volvo India |
Kiran Mazmudar Shaw | IIM B Board chairperson + BIOCON |
Marico | Saugata Gupta, MD. |
Maruti Suzuki | RC Bhargav |
Master Card | Ajay Banga |
MCX | Satyananda Mishra |
Merc. Benz India | Eberhard Kern. |
Micromax | CEO Vineet Taneja |
Microsoft | CEO Satya Nadela replcaed Steve ballmer. He is from Hyderabad. Azure – cloud service |
NASSCOM | R.Chanrashekher, ex-telecom Secretary |
National Stock Exchange of India | Chitra Ram Krishna |
Neotel | Vodafone bought this company from Tata communication. |
Pepsi India | D Shivakumar |
Rajat Gupta | Ex-director of Goldman Sach, penalized for insider trading. |
Rajat Gupta | Ex-director of Goldman Sach, penalized for insider tradsing. |
Rajeev Suri | Nokia CEO |
Samsung | Samsung Electronics Chairman Lee Kun Hee. Got warrant in UP. |
Samsung | Samsung Electronics Chairman Lee Kun Hee. He has arrest warrant in Uttar Pradesh! Samsung s5 In India without 4g. |
Samsung s5 | But without 4g. |
Sunpharma | bought ranbaxy from Japan’s Daaichi Sankyo |
Titanic II | By Asustralian company Blue Star line. |
Titanic II ship | By Asustralian company Blue Star line. |
Dick Costolo, went to China to learn new technology. | |
Vedanta | Tom albanese replaced MS Mehta |
Vodafone | Martin Pieters. |
Walmart India | Krish Iyer |
Warren Buffet | Berkshire Hathaway |
Jan Koum, Brian Acton. Sold company to facebook. |
For more current affairs, visit Mrunal.org/Current
Any updates, corrections please do post in the comments but with reference except wikipedia
Inputs from Mr. Chandradeo.
Thank U Sir :-)
It’s cool….
Thankyou
PFRDA: Anup wadhawan
mrunal baba ki jai .
In the Title “Commercial Bank”.. Mr. Arun Tiwari is the CMD of Union Bank of India.. But Archana Bhargava was the CMD of United Bank of India, who resigned in Feb 2014 after the bank reported a bad debt amounting to about Rs. 8000 crores..
@Mrunal Sir Kindly Confirm
धन्यवाद महोदय।
Economy Related Officials/ Regulators-
cbdt chairmen Mr R K Tewari.==> http://incometaxindia.gov.in/ccit/CBDT.asp
RBI / Banking sector-
youngest governor: CD Deshmukh (also 1st Indian governor RBI)=====>http://articles.economictimes.indiatimes.com/2013-08-06/news/41131964_1_rbi-governor-d-subbarao-raghuram-rajan
Mrunal sir , please science and tech. ka december – june ka hindu wala article publish kar do……..upsc level……please sir , consider…
SS Mundra is expected to become the deputy governor of RBI but still not declared.
Thanks. I have sbi exm on 14th June.So. was waiting for this article eagerly.
Bhai SBI PO is on 22nd June check your hall ticket
Different people have it on different dates, don’t worry. Mine is on 5th July.
Sir,
Please provide some valuable information related to Environment & Bio Diversity…for GS1Paper(Prem)
Hi sir
this is such a nice information and verym much useful for competitive exams aspirants
thank u sir
hi… , I think ,Dr. manmohan singh is the youngest RBI governor …… please correct me i m wrong …
please correct me if i m wrong…….but i m sure about it…… mrunal , you r doing good jobs for us..
Archana Bhargav was in UNITED BANK OF INDIA
ss mundra is not rbi dy gov pl correct it
thanks a lot
pls give something to eat for UPSC aspirants also….
Thank You Sir
bro 4th dy governor kab bana. website me to 3 hi bata raha hai.http://www.rbi.org.in/scripts/aboutusdisplay.aspx
Corrections / Updates
1. PFRDA Anup Wadhwan
2. United Bank of India Archana Bhargava resigned. (Feb 2014)
3. Union Bank of India Arun Tiwari
4. Youngest RBI governor was CD Deshmukh.
5. added some more Bank CMDs
6. regarding 4th RBI Dy.governor
RBI’s search panel has shortlisted SS Mundra’s name and sent it to government for final approval. (As of April 2014 Hindu)
new Infosys CEO is Vishal sikka
thanks
Mukesh ambani’s forbes ranking in 26th not 40th and and bill gates is ‘expected’ to be a trillionaire in next 25 years
http://www.forbes.com/profile/mukesh-ambani/
http://zeenews.india.com/business/news/international/bill-gates-could-be-worlds-first-trillionaire_99041.html
RBI dupty governor appointed first time for 3 year…it may be extended by GOI
sir the new head of TRAI is Mr. Nrapendra Mishra
hello m new to mrunal.org but feeling good and with the company of awesome guys…