GUNTUR DISTRICT CO-OPERATIVE CENTRAL BANK LTD. RECRUITMENT NOTICE

State Bank of India Recruitment of 15431 Clerk Posts

Applications are invited for appointment as Junior Associate (Customer Support & Sales), Junior Agricultural Associates in Clerical cadre in State Bank of India.

Total No. of Posts: 15431

Vacancies:
1. Junior Associate (Customer Support & Sales): 10726 Posts
Qualification: Graduation in any discipline.

2. Junior Agricultural Associate: 3008 Posts
Qualification: Graduation in Agriculture or Agriculture allied activities.

3. Junior Associate (JA) SRD for Backlog Vacancies: 1697 Posts

Age Limit (As on 01.04.2016): Not below 20 years and not above 28 years as on 01.04.2016 i.e candidates must have been born not earlier than 02.04.1988 and not later than 01.04.1996 (both days inclusive).

Selection Procedure: The selection process will consist of on-line test (preliminary & main examinations), test of official and/ or local language and subject to Government of India approval, interview.

Application fee & Intimation Charge: SC/ ST/ PWD/ XS- Rs. 100 ; General and OBC- Rs. 600.

How to Apply: Candidates will be required to register themselves online through Bank's website.

Online registration of application and payment of fees: 05.04.2016 to 25.04.2016.

Last date for online application: 25.04.2016.

Preliminary Examination will be conducted tentatively in the month of May/ June 2016.

For Notification Click Here

Bank of Baroda 250 Specialist Officer Posts Recruitment

Bank of Baroda, Mumbai invites application for the recruitment of Specialist Officer Posts.

Post Details:
1. Finance/ Credit : 95 Posts
2. IT Specialist : 25 Posts
3. Software Development : 10 Posts
4. Planning : 06 Posts
5. Risk Management : 10 Posts
6. HRM Specialist : 07 Posts
7. Recruitment Specialist : 02 Posts
8. HR IT : 06 Posts
9. Economist : 04 Posts
10. Law : 20 Posts
11. Finance/ Credit : 50 Posts
12. Data Scientist : 02 Posts
13. Software Testing : 02 Posts
14. Database Management : 02 Posts
15. Data Analyst : 09 Posts

Qualification: CA/ ICWA/ MBA (Finance)/ PGDBM (Finance) Engineering/ Technology Degree (Computer Science)/ M.A Economics/ M.Sc Statistics/ Bachelor Degree in Law with relevant experience.
 
How to Apply: Candidates may apply online through website.

Last date for application: 13.04.2016.


For Notification Click Here

For Online Application Click Here 

ENTRANCE EXAM DATES

BANK EXAMS CUT OFF MARKS

RAILWAY BUDGET 2016-17 CHART

A.P. SOCIO ECONOMIC SURVEY 2015-16

ANDHRA PRADESH BUDGET 2016-17 BUDGET SPEECH

UNION BUDGET HIGHLIGHTS 2016-17

Tax

• Infrastructure and agriculture cess to be levied.
• Excise duty raised from 10 to 15 per cent on tobacco products other than beedis
• 1 per cent service charge on purchase of luxury cars over Rs. 10 lakh and in-cash purchase of goods and services over Rs. 2 lakh.
• 0.5 per cent Krishi Kalyan Cess to be levied on all services.
• Pollution cess of 1 per cent on small petrol, LPG and CNG cars; 2.5 per cent on diesel cars of certain specifications; 4 per cent on higher-end models.
• Dividend in excess of Rs. 10 lakh per annum to be taxed at additional 10 per cent.
• SUVs, Luxury cars to be more expensive. 4% high capacity tax for SUVs.
• Companies with revenue less than Rs 5 crore to be taxed at 29% plus surcharge
• Limited tax compliance window from Jun 1 – Sep 30 for declaring undisclosed income at 45% incl. surcharge and penalties
• Excise 1 per cent imposed on articles of jewellery, excluding silver.

Social

• Rs. 38,500 crore for Mahtma Gandhi MGNREGA for 2016-17
• Swacch Bharat Abhiyan allocated Rs.9,500 crores.
• Hub to support SC/ST entrpreneurs
• Government is launching a new initiative to provide cooking gas to BPL families with state support.
• LPG connections to be provided under the name of women members of family: Rs 2000 crore allocated for 5 years for BPL families.
• 2.87 lakh crore grants to gram panchayats and municipalities – a quantum jump of 228%.
• 300 urban clusters to be set up under Shyama Prasad Mukherji Rurban Mission
• Four schemes for animal welfare.

Education, Skills and Job Creation

• 62 new Navodaya Vidyalayas will be opened
• Sarva Shiksha Abhiyan to increasing focus on quality of education
• Regulatory architecture to be provided to ten public and ten private institutions to emerge as world-class Teaching and Research Institutions
• Higher Education Financing Agency to be set-up with initial capital base of ` 1000 Crores
• Digital Depository for School Leaving Certificates, College Degrees, Academic Awards and Mark sheets to be set-up.

Financial Sector Reforms

• A comprehensive Code on Resolution of Financial Firms to be introduced.
• Statutory basis for a Monetary Policy framework and a Monetary Policy Committee through the Finance Bill 2016.
• A Financial DataManagement Centre to be set up.
• RBI to facilitate retail participation in Government securities.
• New derivative products will be developed by SEBI in the Commodity Derivatives market.
• Amendments in the SARFAESI Act 2002 to enable the sponsor of an ARC to hold up to 100% stake in the ARC and permit non institutional investors to invest in Securitization Receipts.
• Comprehensive Central Legislation to be bought to deal with the menace ofillicit deposit taking schemes.
• Increasing members and benches of the Securities Appellate Tribunal.
• Allocation of ` 25,000 crore towards recapitalisation of Public Sector Banks.
• Target of amount sanctioned under Pradhan Mantri Mudra Yojana increased to ` 1,80,000 crore.
• General Insurance Companies owned by the Government to be listed in the stock exchanges.

Health

• 2.2 lakh renal patients added every year in India. Basic dialysis equipment gets some relief.
• A new health protection scheme for health cover upto 1 lakh per family.
• PM Jan Aushadhi Yojana to be strengthened, 300 generic drug store to be opened National Dialysis Service Prog with funds thru PPP mode to provide dialysis at all district hospitals.
• Senior citizens will get additional healthcare cover of Rs 30,000 under the new scheme

Energy

• Rs. 3000 crore earmarked for nuclear power generation
• Govt drawing comprehensive plan to be implemented in next 15-20 years for exploiting nuclear energy
• Govt to provide incentive for deepwater gas exploration
• Deepwater gas new disc to get calibrated market freedom, pre-determined ceiling price based on landed price of alternate fuels.

Agriculture

• Total allocation for agriculture and farmer welfare at Rs 35984 crores
• 28.5 lakh heactares of land wil be brought under irrigation.
• 5 lakh acres to be brought under organic farming over a three year period
• Rs 60,000 crore for recharging of ground water recharging as there is urgent need to focus on drought hit areas cluster development for water conservation.
• Dedicated irrigation fund in NABARD of Rs.20.000 cr
• Nominal premium and highest ever compensation in case of crop loss under the PM Fasal Bima Yojna.

Banking

• Banks get a big boost: Rs 25,000 crore towards recapitalisation of public sector banks. Jaitley says: Banking Board Bureau will be operationalised, we stand solidly behind public sector banks.
• Target of disbursement under MUDRA increased to 1,80,000 crore
• Process of transfer of government stake in IDBI Bank below 50% started
• General Insurance companies will be listed in the stock exchange
• Govt to increase ATMs, micro-ATMs in post offices in next three years

Investments and infrastructure

• Rs. 27,000 crore to be spent on roadways
• 65 eligible habitats to be connected via 2.23 lakh kms of road. Current construction pace is 100 kms/day
• Shops to be given option to remain open all seven days in a week across markets.
• Rs. 55,000 crore for roads and highways. Total allocation for road construction, including PMGSY, – Rs 97,000 crore
• India’s highest-ever production of motor vehicles was recorded in 2015
• Total outlay for infrastructure in Budget 2016 now stands at Rs. 2,21,246 crore
• 100 per cent FDI in marketing of food products produced and marketed in India
• Dept. of Disinvestment to be renamed as Dept. of Investment and Public Asset Management
• Govt will amend Motor Vehicle Act in passenger vehicle segment to allow innovation.
• MAT will be applicable for startups that qualify for 100 per cent tax exemption
• Direct tax proposals result in revenue loss of Rs.1060 crore, indirect tax proposals result in gain of Rs.20,670 crore
• New greenfield ports to be developed on east and west coasts
• Revival of undeserved airports. Centre to Partner with States to revive small airports for regional connectivity

Roadmap & Priorities

• ‘Transform India’ to have a significant impact on economy and lives of people.
• Focus on enhancing expenditure in priority areas of – farm and rural sector, social sector, infrastructure sector employment generation and recapitalisation of the banks.
• Continue with the ongoing reform programme and ensure passage of the Goods and Service Tax bill and Insolvency and Bankruptcy law.

Rural Sector

• Allocation for rural sector – ` 87,765 crore.
• 2.87 lakh crore will be given as Grant in Aid to Gram Panchayats and Municipalities as per the recommendations of the 14th Finance Commission
• Every block under drought and rural distress will be taken up as an intensive Block under the Deen Dayal Antyodaya Mission
• A sum of ` 38,500 crore allocated for MGNREGS.
• 300 Rurban Clusters will be developed under the Shyama Prasad Mukherjee Rurban Mission
• A new Digital Literacy Mission Scheme for rural India to cover around 6 crore additional household within the next 3 years.
• National Land Record Modernisation Programme has been revamped.
• New scheme Rashtriya Gram Swaraj Abhiyan proposed with allocation of ` 655 crore
• 100% village electrification by 1st May, 2018.
• District Level Committees under Chairmanship of senior most Lok Sabha MP from the district for monitoring and implementation of designated Central Sector and Centrally Sponsored Schemes.
• Priority allocation from Centrally Sponsored Schemes to be made to reward villages that have become free from open defecation.

Key Features of Budget 2016-17

ECONOMIC SURVEY 2015 HIGHLIGHTS

Revision of Syllabus for Group-I, Group-II and Group-IV

APPSC proposed and existing syllabus

Group I Syllabus       

Group II Syllabus
        
Group IV Syllabus

Highlights of Economic Survey 2015-16:

Indian economy would grow by between 7.0 per cent and 7.75 per cent in the 2016-17 fiscal year that starts on April 1.

Fiscal Deficit 

• 2016-17 expected to be challenging from fiscal point of view; time is right for a review of medium-term fiscal framework
• 2015-16 fiscal deficit, seen at 3.9 per cent of GDP, seems achievable
• Credibility and optimality argue for adhering to 3.5 per cent of GDP fiscal deficit target

Inflation 

• CPI inflation seen around 4.5 to 5 per cent in 2016-17
• Low inflation has taken hold, confidence in price stability has improved
• Expect RBI to meet 5 per cent inflation target by March 2017
• Prospect of lower oil prices over medium term likely to dampen inflationary expectations

Current Account Deficit 2016/17 current account deficit seen around 1-1.5 per cent of GDP

Currency 

• Rupee's value must be fair, avoid strengthening; fair value can be achieved through monetary relaxation
• India needs to prepare itself for a major currency readjustment in Asia in wake of a similar adjustment in China
• Rupee's gradual depreciation can be allowed if capital inflows are weak

Banking & Corporate Sector 

• Estimated capital requirement for banks around 1.8 trillion rupees by 2018-19
• Proposes to make 700 billion rupees available via budgetary allocations during current and succeeding years in banks
• Government could sell off certain non-financial companies to infuse capital in state-run banks
• Corporate, bank balance sheets remain stretched, affecting prospects for reviving private investments
• Underlying stressed assets in corporate sector must be sold or rehabilitated

Taxes 

• Tax revenue expected to be higher than budgeted levels in 2015-16
• Proposes widening tax net from 5.5 per cent of earning individuals to more than 20 per cent
• Favours review and phasing out of tax exemptions; easiest way to widen the tax base not to raise exemption thresholds

For more details on the Economic Survey 2015-16: Click here

HIGHLIGHTS OF RAILWAY BUDGET 2016-17

● Minister sees operating ratio of 92 percent in FY17 as against 90 percent in current year
● Rs 8,720 cr saving in 2015-16 budget in fuel cost like power
● The railways have ramped up capital expenditure to remove the huge backlog and provide for future needs; rate of capital expenditure has increased
● Investment proposed in 2016-17 at Rs 1.21 lakh crore, higher from Rs 1 lakh crore last year.
● Proposes to commission 2,800 km of new tracks in next year
● Outlay for railway electrification increased by 50 percent; 2,000 km route to be electrified next fiscal
● 2000 km rail route to be electrified in 2016-17
● Railways to get Rs 40,000 cr budgetary support from the government
● Railways to increase lower berth quota for senior citizens by 50 percent
● Ajmer, Amritsar, Gaya, Mathura, Nanded, Nashik, Puri, Tirupati, Varanasi, Nagapattinam and other pilgrim stations to be beautified
● Two elevated suburban railway corridors - Churchgate-Virar and CST-Panvel to be constructed in Mumbai; Ring railway covering 21 stations to be revived with state participation.
● India's first railway auto hub in Chennai to be inaugurated soon
● Logistics and warehouse parks to be created on PPP mode
● Station development and re-development, monetisation of land to raise rail revenue from non-freight sources
● Rs 30,000 crore is the loss on subsidising passenger fares, says Railway Minister
● Railways to shift to completely paperless contract system in 2016-17, says minister
● Bar-coded tickets to be introduced at select stations on pilot basis
● E-booking of tickets on concessional passes for journalists introduced
● Cleaning of coach on demand to be introduced; Disabled enabled toilet in 11 Class-A stations this year
● 33 percent reservation to women in reserved quota in Railways will be introduced
● Children menu to be introduced on pilot basis on trains
● North-South, East-West dedicated freight corridor proposed in Railway Budget for 2016-17
● Three direct services - fully air-conditioned Humsafer to travel at 130-km per hour
● Bar-coded tickets to be introduced at select stations on pilot basis
● Overnight double-decker train Uday Express to be introduced on busiest routes, carrying capacity to be 40 percent more
● Propose to start cancellation through 139. Bar-coded tickets will be issued on a pilot basis. This is aimed at reining in the menace of ticket less travel and also making travel hassle-free.
● 400 railway stations to be equipped with wifi, 100 this year
● 124 MPs have committed to contribute from MPLADS for passenger amenities.