GDP GROWTH OF INDIA 2016 to 2017

UN - 7.3 %
Stanchart-7.4%

IMF -7.5% trimmed to 7.4%
OECD -7.5%
MOODY'- 7.5%

RBI - 7.6%
WB - 7.6%
CSO - 7.6%

FITCH - 7.7%
FICCI - 7.7%
ICRA - 7.7%

ADB - 7.8% trimmed to 7.4%
Nomura - 7.8%
DBS - 7.8%

CRISIL - 7.9%
PHD Chambers - 8%
CII - 8%

Small Saving Schemes Interest Rates

India and NSG

 

Author:Mr Monkey

India has come a long way from Smiling Buddha, the first Nuclear Test in 1974 to today, bidding for membership of Nuclear Suppliers Group, which was incidentally formed as an answer to boldness shown by India in 1974..

NSG, which stands for Nuclear Suppliers Group, formed in 1974, is a body of 48 nations established to prevent the civil nuclear trade from being used for military purposes. The body seeks to prevent nuclear proliferation by controlling export of materials, equipment, technology that can be used to manufacture nuclear weapons.

As India is looking to become a power surplus nation in coming years, a membership of NSG will help India fulfill her needs of technology, equipment and resources for Nuclear Power generation. With an access to advanced technologies India can start building advanced versions of its own reactor and also start selling to power deficit nations like Sri Lanka and Bangladesh. India, however, has got the NSG waiver in 2008, by which India can buy power plants from other signatories of the NSG but there still are many advanced technologies that NSG denies. The other big benefit that India can get from this membership is manufacturing of reactors for other countries which can give a big boost to the government's flagship programme of "Make In India"..

The recent NSG meet in Seoul rejected India's bid on the grounds that India is not a signatory of the Non-Proliferation Treaty. China is yet another roadblock, considering that it wants its dominance on the Central Asian and South Asian Region. India's reluctance of signing the NPT is totally justified as its nuclear technology is still in adolescent stage and signing it would mean that India should stop its advancement in the nuclear sector. Also, despite not being a signatory of the NPT, India has strictly adhered to the guidelines of NPT.

This is worth noting here, that France which is now an NSG member was also not a signatory of NPT at the time it got its NSG membership. Also, China, being a member of NSG, secretly gave away nuclear technology to Pakistan..

It is high time that NSG recognized the rising global powers. Non-proliferation is what NSG wants and it is in big interest of NSG that it grants India its membership.

Scope of Sustainable Structuring of Stressed Assets (S4A) in India

Author:AIM Ibps...po:))

In order to further strengthen the lenders’ ability to deal with stressed assets and to put real assets back on track by providing an avenue for reworking the financial structure of entities facing genuine difficulties, the Reserve Bank of India has 13 July issued guidelines on a ‘Scheme for Sustainable Structuring of Stressed Assets’.
Resolution of large borrowal accounts which are facing severe financial difficulties may, inter-alia, require co-ordinated deep financial restructuring which often involves a substantial write-down of debt and/or making large provisions. Often such high write-downs act as a disincentive to lenders to effect a sustainable change in the liability structure of borrows facing stress. Banks have also represented for a regulatory framework which would facilitate lenders taking up the exercise of reworking of the liability structure of companies to which they have significant exposures, in the context of asset quality stress currently faced by them.
Accordingly, the Reserve Bank, after due consultation with lenders, has formulated the ‘Scheme for Sustainable Structuring of Stressed Assets’ (S4A) as an optional framework for the resolution of large stressed accounts. The S4A envisages determination of the sustainable debt level for a stressed borrower, and bifurcation of the outstanding debt into sustainable debt and equity/quasi-equity instruments which are expected to provide upside to the lenders when the borrower turns around.

In order to make sure that that the entire exercise is carried out in a transparent and prudent manner, S4A envisages that the resolution plan will be prepared by credible professional agencies, while an Overseeing Committee, set up by the Indian Banks Association, in consultation with the RBI, comprising of eminent experts will independently review the processes involved in preparation of the resolution plan, under the S4A, for reasonableness and adherence to the provisions of these guidelines, and opine on it.

IBPS South India preference list

States Include: Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, Kerala
1. Andhra Bank,
2. Indian Bank,
3. Vijaya Bank,
4. Indian Overseas Bank,
5. Canara Bank,
6. Corporation Bank,
7. Syndicate Bank

IBPS preference list for West and Central India

States Include: Rajasthan, Maharashtra, Gujarat, MP, Chhattisgarh, Goa
1. Bank of Baroda,
2. IDBI Bank,
3. Dena Bank,
4. Bank of Maharashtra,
5. Canara Bank,
6. Indian Overseas Bank,
7. Corporation Bank

IBPS preference list for eastern states

Eastern States Include: Odisha, West Bengal, Bihar, Jharkhand
1. Allahabad Bank,
2. Bank of India,
3. Bank of Baroda,
4. UCO Bank,
5. United Bank of India,
6. Canara Bank,
7. Union Bank,