Thursday, 7 September 2017

LATEST BANKING COMMITTEES AND FOCUS AREAS

💥Abid Hussain Committee – Development of Capital Markets
               
💥A Ghosh Committee – Modalities of Implementation of new 20 Points Programme and Frauds and Malpractices in Banks.
              
💥A C Shah Committee – NBFC
               
💥Adhyarjuna Committee – Changes in NI Act and Stamp Act.
               
💥BD Thakar Committee – Job criteria in Bank loans (approach).
               
💥Bhagwati Committee – Public Welfare and Unemployment.
               
💥Bhave Committee – Share Transfer Reforms
               
💥B Eradi Committee – Insolvency and Wind up laws.
               
💥Bhootlingam Committee – Wages, Income and prices.
               
💥Chesi Committee – Direct Taxes
               
💥CE Kamath Committee – Multi agency approach in Agriculture Finance
               
💥Dave Committee – Mutual Funds (functioning)
               
💥Dutta Committee – Industrial Licensing
               
💥Dantwala Committee – Estimation of employment.
               
💥Dharia Committee – Public Distribution System
               
💥DR Gadgil Committee – Agriculture Finance
               
💥DR Mehta Committee – Review progress and recommend improve measures of IRDP.
               
💥Gadgil Committee – Lead Banking System
               
💥Godwala Committee – Rural Finance
               
💥GS Patel Committee – Carry forward system on Stock Exchange.
               
💥Goiporia Committee – Customer Service in Banks.
               
💥Hazari Committee (1967) – Industrial Policy
               
💥IT Vaz Committee – Working Capital Finance in Banks.
               
💥Jankiramanan Committee – Securities transactions of Banks and Financial Institutions.
               
💥J Reddy Committee – Reforms in Insurance Sector.
               
💥James Raj Committee – Functioning of Public Sector Banks (PSBs).
               
💥KB Chore Committee – To review the symbol of Cash Credit.
               
💥Khusrau Committee – Agriculture Credit.
               
💥Khanna Committee – On performing Assets.
               
💥Kamnath Committee – Education Loan Scheme.
               
💥Karve Committee – Small Scale Industry.
               
💥LC Gupta Committee – Financial Derivatives.
               
💥LK Jha Committee – Indirect Taxes.
               
💥Marathe Committee – Licensing of new Banks.
               
💥Mrs. KS Shere Committee – Electronic Fund Transfer.
               
💥ML Dantwala Committee – Regional Rural Banks (RRBs).
               
💥Mahalanobis Committee – Income distribution.
               
💥Narsimham Committee – Financial System.
               
💥Nariman Committee – Branch Expansion Programme.
               
💥Omkar Goswami Committee – Industrial Sickness and Corporate Restructuring.
               
💥PL Tandon Committee – Export Strategy.
               
💥P R Nayak Committee – Industrial Credit to SSI sector.
               
💥PD Ojha Committee – Service area approach.
               
💥Pendarkar Committee – Review the system of inspection of Commercial, RRB and Urban Co-operative Banks.
               
💥PR Khanna Committee – Develop approach supervisory Frame work for NBFC.
               
💥Pillai Committee – Pay Scales of Bank Officers.
               
💥Ram Niwas Mirdha Committee – Securities Scam
               
💥Rangrajan Committee – Computerization of Banking Industry.
               
💥Raja Chelliah Committee – Tax Reforms.
               
💥Ray Committee – Industries Sickness.
               
💥RN Malhotra Committee – Reforms in Insurance Sector.
               
💥RK Talwar Committee – Custom Service.
               
💥RG Saraiya Committe

e – Banking Commission.
               
💥RH Khan Committee – Harmonization of Bank.
               
💥RS Saria Committee – Agriculture Finance and Co-operative Societies.
               
💥Rajamannar Committee – Center – State Fiscal Relationships.
               
💥Rakesh Mohan Committee – Petro Chemical Sector.
               
💥Samal Committee – Rural Credit.
               
💥SS Tarapore Committee – Capital Account Convertibility.
               
💥SS Kohli Committee – Rehabilitation of Sick Industries unit, Wilful Defaulters and Staff strength in Banks.
               
💥Sodhani Committee – Foreign Exchange Markets in NRI investment in India.
               
💥SL Kapoor Committee – Institutional Credit to SSI.
               
💥S Padmanabhan Committee – Onsite Supervision function of Banks and Inspection of Banks (by RBI).
               
💥SS Nadkarni Committee – Trading in public sector banks.
              
💥Tiwari Committee – Rehabilitation of sick industrial undertakings.
               
💥Tandon Committee – Follow up of bank credit and Industrial sickness.
               
💥Tambe Committee – Term loans to SSI.
               
💥Thakkar Committee – Credit Schemes to self-employed.
               
💥Usha Thorat Panel – Financial Inclusion.
               
💥UK Sharma Committee – Lead bank scheme.
               
💥Vipin Malik Committee – Consolidated accounting by banks.
               
💥Vyas Committee – Rural Credit.
               
💥Varshney Committee – Revised methods for loans (greater than Rs. 2lakh)
               
💥Vaghul Committee – Mutual Fund scheme.
               
💥WS Saraf Committee – Technology Issues in banking industry.
               
💥Wanchoo Committee – Direct Taxes.
               
💥YV Reddy Committee – Reforms in Small savings.
               
💥Y H Malegam Committee – Disclosure norms for Public Issues.
               

Monday, 4 September 2017

RUSSIAN REVOLUTION


INTRODUCTION

The Russian Revolution of 1917 was one of the most explosive political events of the twentieth century. The violent revolution marked the end of the Romanov dynasty and centuries of Russian Imperial rule. During the Russian Revolution, the Bolsheviks, led by leftist revolutionary Vladimir Lenin, seized power and destroyed the tradition of csarist rule. The Bolsheviks would later become the Communist Party of the Soviet Union.

WHEN WAS THE RUSSIAN REVOLUTION?

In 1917, two revolutions swept through Russia, ending centuries of imperial rule and setting into motion political and social changes that would lead to the formation of the Soviet Union. While the two revolutionary events took place within a few short months, social unrest in Russia had been simmering for decades.

In the early 1900s, Russia was one of the most impoverished countries in Europe with an enormous peasantry and a growing minority of poor industrial workers.

Much of Western Europe viewed Russia as an undeveloped, backwards society. The Russian Empire practiced serfdom—a form of feudalism in which landless peasants were forced to serve the land-owning nobility—well into the nineteenth century. In contrast, the practice had disappeared in most of Western Europe by the end of the Middle age.

In 1861, the Russian Empire finally abolished serfdom. The emancipation of serfs would influence the events leading up to the Russian Revolution by giving peasants more freedom to organize.

RUSSIAN REVOLUTION OF 1905

Russia industrialized much later than Western Europe and the United States. When it finally did, around the turn of the 20th century, it brought with it immense social and political changes.

Between 1890 and 1910, for example, the population of major Russian cities such as St. Petersburg and Moscow nearly doubled, resulting in overcrowding and destitute living conditions for a new class of Russian industrial workers.

A population boom at the end of the nineteenth century, a harsh growing season due to Russia’s northern climate, and a series of costly wars—starting with the Crimean War (1854-1856)—meant frequent food shortages across the vast empire.

Large protests by Russian workers against the monarchy led to the Bloody Sunday massacre of 1905. Hundreds of unarmed protesters were killed or wounded by the czar’s troops.

The massacre sparked the Russian revolution of 1905, during which angry workers responded with a series of crippling strikes throughout the country.

NICHOLAS II

After the bloodshed of 1905, Czar Nicholas II promised the formation of a series of representative assemblies, or Dumas, to work toward reform.

Russia entered into World War I in August 1914 in support of the Serbs and their French and British allies. Their involvement in the war would soon prove disastrous for the Russian Empire.

Militarily, imperial Russia was no match for industrialized Germany, and Russian casualties were greater than those sustained by any nation in any previous war. Food and fuel shortages plagued Russia as inflation mounted. The economy was hopelessly disrupted by the costly war effort.

Czar Nicholas left the Russian capital of Petrograd (St. Petersburg) in 1915 to take command of the Russian Army front. (The Russians had renamed the imperial city in 1914, because the name “St. Petersburg” had sounded too German.)

RASPUTIN AND THE CZARINA

In her husband’s absence, Czarina Alexandra—an unpopular woman of German ancestry—began firing elected officials. During this time, her controversial advisor, Grigory Rasputin, increased his influence over Russian politics and the royal Romanov family.

Russian nobles eager to end Rasputin’s influence murdered him on December 30, 1916. By then, most Russians had lost faith in the failed leadership of the czar. Government corruption was rampant, the Russian economy remained backward and Nicholas repeatedly dissolved the Duma, the toothless Russian parliament established after the 1905 revolution, when it opposed his will.

Moderates soon joined Russian radical elements in calling for an overthrow of the hapless czar.

FEBRUARY REVOLUTION

The February Revolution (known as such because of Russia’s use of the Julian calendar until February 1918) began on March 8, 2017 (February 23 on the Julian calendar).

Demonstrators clamoring for bread took to the streets of Petrograd. Supported by huge crowds of striking industrial workers, the protesters clashed with police but refused to leave the streets.

On March 11, the troops of the Petrograd army garrison were called out to quell the uprising. In some encounters, the regiments opened fire, killing demonstrators, but the protesters kept to the streets and the troops began to waver.

The Duma formed a provisional government on March 12. A few days later, Czar Nicholas abdicated the throne, ending centuries of Russian Romanov rule.

The leaders of the provisional government, including young Russian lawyer Alexander Kerensky, established a liberal program of rights such as freedom of speech, equality before the law, and the right of unions to organize and strike. They opposed violent social revolution.

As minister of war, Kerensky continued the Russian war effort, even though Russian involvement in World War I was enormously unpopular. This further exacerbated Russia’s food supply problems. Unrest continued to grow as peasants looted farms and food riots erupted in the cities.

BOLSHEVIK REVOLUTION

On November 6 and 7, 1917 (or October 24 and 25 on the Julian calendar, which is why the event is often referred to as the October Revolution), leftist revolutionaries led by Bolshevik Party leader Vladimir Lenin launched a nearly bloodless coup d’état against the Duma’s provisional government.

The provisional government had been assembled by a group of leaders from Russia’s bourgeois capitalist class. Lenin instead called for a Soviet government that would be ruled directly by councils of soldiers, peasants and workers.

The Bolsheviks and their allies occupied government buildings and other strategic locations in Petrograd, and soon formed a new government with Lenin as its head. Lenin became the dictator of the world’s first communist state.

RUSSIAN CIVIL WAR

Civil War broke out in Russia in late 1917 after the Bolshevik Revolution. The warring factions included the Red and White Armies.

The Red Army fought for the Lenin’s Bolshevik government. The White Army represented a large group of loosely allied forces, including monarchists, capitalists and supporters of democratic socialism.

The Russian Civil War ended in 1923 with Lenin’s Red Army claiming victory and establishing the Soviet Union.

Sunday, 3 September 2017

Cabinet Reshuffle List (September 03, 2017)

Cabinet Reshuffle List:

Narendra Modi
Prime Minister and also in-charge of:
1. Ministry of Personnel, Public Grievances and Pensions;
2. Department of Atomic Energy;
3. Department of Space; and
4. All important policy issues.

CABINET MINISTERS

1. Rajnath Singh
Minister of Home Affairs.

2. Sushma Swaraj
Minister of External Affairs.

3. Arun Jaitley
Minister of Finance; and
Minister of Corporate Affairs.

4. Nitin Jairam Gadkari
Minister of Road Transport and Highways;
Minister of Shipping; and
Minister of Water Resources, River Development and Ganga Rejuvenation.

5. Suresh Prabhu
Minister of Commerce and Industry.

6. D.V. Sadananda Gowda
Minister of Statistics and Programme Implementation.

7. Uma Bharati
Minister of Drinking Water and Sanitation.

8. Ramvilas Paswan
Minister of Consumer Affairs, Food and Public Distribution.

9. Maneka Sanjay Gandhi
Minister of Women and Child Development.

10. Ananthkumar
Minister of Chemicals and Fertilizers; and
Minister of Parliamentary Affairs.

11. Ravi Shankar Prasad
Minister of Law and Justice; and
Minister of Electronics and Information Technology.

12. Jagat Prakash Nadda
Minister of Health and Family Welfare.

13. Ashok Gajapathi Raju Pusapati
Minister of Civil Aviation.

14. Anant Geete
Minister of Heavy Industries and Public Enterprises.

15. Harsimrat Kaur Badal
Minister of Food Processing Industries.

16. Narendra Singh Tomar
Minister of Rural Development;
Minister of Panchayati Raj; and
Minister of Mines.

17. Chaudhary Birender Singh
Minister of Steel.

18. Jual Oram
Minister of Tribal Affairs.

19. Radha Mohan Singh
Minister of Agriculture and Farmers Welfare.

20. Thaawar Chand Gehlot
Minister of Social Justice and Empowerment.

21. Smriti Zubin Irani
Minister of Textiles; and
Minister of Information and Broadcasting.

22. Harsh Vardhan
Minister of Science and Technology;
Minister of Earth Sciences; and
Minister of Environment, Forest and Climate Change.

23. Prakash Javadekar
Minister of Human Resource Development.

24. Dharmendra Pradhan
Minister of Petroleum and Natural Gas; and
Minister of Skill Development and Entrepreneurship.

25. Piyush Goyal
Minister of Railways; and
Minister of Coal.

26. Nirmala Sitharaman
Minister of Defence.

27. Mukhtar Abbas Naqvi
Minister of Minority Affairs.

MINISTERS OF STATE (INDEPENDENT CHARGE)

1. Rao Inderjit Singh
Minister of State (Independent Charge) of the Ministry of Planning; and
Minister of State in the Ministry of Chemicals and Fertilizers.

2. Santosh Kumar Gangwar
Minister of State (Independent Charge) of the Ministry of Labour and Employment.

3. Shripad Yesso Naik
Minister of State (Independent Charge) of the Ministry of Ayurveda, Yoga and Naturopathy,
Unani, Siddha and Homoeopathy (AYUSH).

4. Dr. Jitendra Singh
Minister of State (Independent Charge) of the Ministry of Development of North Eastern
Region;
Minister of State in the Prime Minister’s Office;
Minister of State in the Ministry of Personnel, Public Grievances and Pensions;
Minister of State in the Department of Atomic Energy; and
Minister of State in the Department of Space.

5. Dr. Mahesh Sharma
Minister of State (Independent Charge) of the Ministry of Culture; and
Minister of State in the Ministry of Environment, Forest and Climate Change.

6. Giriraj Singh
Minister of State (Independent Charge) of the Ministry of Micro, Small and Medium Enterprises.

7. Manoj Sinha
Minister of State (Independent Charge) of the Ministry of Communications; and
Minister of State in the Ministry of Railways.

8. Col. Rajyavardhan Singh Rathore
Minister of State (Independent Charge) of the Ministry of Youth Affairs and Sports; and
Minister of State in the Ministry of Information and Broadcasting.

9. Raj Kumar Singh
Minister of State (Independent Charge) of the Ministry of Power; and
Minister of State (Independent Charge) of the Ministry of New and Renewable Energy.

10. Hardeep Singh Puri
Minister of State (Independent Charge) of the Ministry of Housing and Urban Affairs.

11. Alphons Kannanthanam
Minister of State (Independent Charge) of the Ministry of Tourism; and
Minister of State in the Ministry of Electronics and Information Technology.

MINISTERS OF STATE

1. Vijay Goel
Minister of State in the Ministry of Parliamentary Affairs; and
Minister of State in the Ministry of Statistics and Programme Implementation.

2. Radhakrishnan P.
Minister of State in the Ministry of Finance; and
Minister of State in the Ministry of Shipping.

3. S.S. Ahluwalia
Minister of State in the Ministry of Drinking Water and Sanitation.

4. Ramesh Chandappa Jigajinagi
Minister of State in the Ministry of Drinking Water and Sanitation.

5. Ramdas Athawale
Minister of State in the Ministry of Social Justice and Empowerment.

6. Vishnu Deo Sai
Minister of State in the Ministry of Steel.

7. Ram Kripal Yadav
Minister of State in the Ministry of Rural Development.

8. Hansraj Gangaram Ahir
Minister of State in the Ministry of Home Affairs.

9. Haribhai Parthibhai Chaudhary
Minister of State in the Ministry of Mines; and
Minister of State in the Ministry of Coal.

10. Rajen Gohain
Minister of State in the Ministry of Railways.

11. General (Retd.) V. K. Singh
Minister of State in the Ministry of External Affairs.

12. Parshottam Rupala
Minister of State in the Ministry of Agriculture and Farmers Welfare; and
Minister of State in the Ministry of Panchayati Raj.

13. Krishan Pal
Minister of State in the Ministry of Social Justice and Empowerment.

14. Jaswantsinh Sumanbhai Bhabhor
Minister of State in the Ministry of Tribal Affairs.

15. Shiv Pratap Shukla
Minister of State in the Ministry of Finance.

16. Ashwini Kumar Choubey
Minister of State in the Ministry of Health and Family Welfare.

17. Sudarshan Bhagat
Minister of State in the Ministry of Tribal Affairs.

18. Upendra Kushwaha
Minister of State in the Ministry of Human Resource Development.

19. Kiren Rijiju
Minister of State in the Ministry of Home Affairs.

20. Dr. Virendra Kumar
Minister of State in the Ministry of Women and Child Development; and
Minister of State in the Ministry of Minority Affairs.

21. Anantkumar Hegde
Minister of State in the Ministry of Skill Development and Entrepreneurship.

22. M. J. Akbar
Minister of State in the Ministry of External Affairs.

23. Sadhvi Niranjan Jyoti
Minister of State in the Ministry of Food Processing Industries.

24. Y. S. Chowdary
Minister of State in the Ministry of Science and Technology; and
Minister of State in the Ministry of Earth Sciences.

25. Jayant Sinha
Minister of State in the Ministry of Civil Aviation.

26. Babul Supriyo
Minister of State in the Ministry of Heavy Industries and Public Enterprises.

27. Vijay Sampla
Minister of State in the Ministry of Social Justice and Empowerment.

28. Arjun Ram Meghwal
Minister of State in the Ministry of Parliamentary Affairs; and
Minister of State in the Ministry of Water Resources,
River Development and Ganga Rejuvenation.

29. Ajay Tamta
Minister of State in the Ministry of Textiles.

30. Krishna Raj
Minister of State in the Ministry of Agriculture and Farmers Welfare.

31. Mansukh L. Mandaviya
Minister of State in the Ministry of Road Transport and Highways;
Minister of State in the Ministry of Shipping; and
Minister of State in the Ministry of Chemicals and Fertilizers.

32. Anupriya Patel
Minister of State in the Ministry of Health and Family Welfare.

33. C.R. Chaudhary
Minister of State in the Ministry of Consumer Affairs, Food and Public Distribution; and
Minister of State in the Ministry of Commerce and Industry.

34. P.P. Chaudhary
Minister of State in the Ministry of Law and Justice; and
Minister of State in the Ministry of Corporate Affairs.

35. Dr. Subhash Ramrao Bhamre
Minister of State in the Ministry of Defence.

36. Gajendra Singh Shekhawat
Minister of State in the Ministry of Agriculture and Farmers Welfare.

37. Dr. Satya Pal Singh
Minister of State in the Ministry of Human Resource Development; and
Minister of State in the Ministry of Water Resources,
River Development and Ganga Rejuvenation