Amount allotted for major sectors in INDIA in Union Budget 2013-14

Union Finance Minister Pranab Mukharjee presented the annual budget for the fiscal year 2012-13 in the parliament on 16 March 2012.

The Union Minister of Finance came up with an increased budgetary allocation for various sectors including agriculture, rural development, defence etc. While, the Plan Outlay for Department of Agriculture and Co-operation increased by 18 percent, the target for agricultural credit raised by 100000 crore rupees to 575000 crore rupees. Budgetary allocation for rural drinking water and sanitation received a hike of over 27 per cent. Flagship programmes like Right to Education-Sarva Shiksha Abhiyan received an increase of 21.7 per cent in the budgetary allocation. 

Some of the major allocations made for different sectors of economy are as follows:

Agriculture and Allied Activities

• Budgetary allocation for agriculture and allied activities 2012-13 increased by 18%
• 9217 crore rupees allocated for Rashtriya Krishi Vikas Yojana.
• 1000 crore rupees for Bringing Green Revolution to Eastern India (BGREI) project
• 300 crore rupees to Vidarbha Intensified Irrigation Development Programme under RKVY.
• 200 crore rupees allocated for incentivising research with rewards
• 14242 crore rupees allocated for Accelerated Irrigation Benefit Programme (AIBP)
• 500 crore rupees provided to broaden scope of production of fish to coastal aquaculture

Rural Development

• 14,000 crore rupees allocated for rural drinking water and sanitation
• 24000 crore rupees allocated for Pradhan Mantri Grameen Sadak Yojna
• 12040 crore rupees provided for Backward Regions Grant Fund scheme
• 20,000 crore rupees allocated for Rural Infrastructure Development Fund
• 5000 crore  rupees earmarked for creating warehousing facilities

Education

• Sarva Siksha Abhiyan-Right to Education- 25555 crore rupees
• 3124 crore rupees provided for Rashtriya Madhyamik Shiksha Abhiyan (RMSA)

Health

• 20822 crore rupees National Rural Health Mission 

Employment and skill development

• 3915 crore rupees provided for National Rural Livelihood Mission
• 1276 crore rupees allocated for Prime Minister’s Employment Generation Programme
• 1000 crore rupees allocated for National Skill Development Fund

Defence and Security

• 193407 crore rupees aallocated for Defence services including 79579crore rupees for capital expenditure
• 1185 crore rupees to be allocated for construction of nearly 4000 residential quarters for Central Armed Police Forces
• 3280 crore rupees proposed to be allocated for construction of office building of CentralArmed Police Forces

Infrastructure and Industrial Development

• 25360 crore rupees allocated for Road Transport and Highways Ministry
• 3884 crore rupees loan waiver for handloom weavers and their cooperative societies
• 500 crore rupees pilot scheme announced for promotion and application of Geo-textile in the North Eastern Region
• 70 crore rupees allocated to set up a powerloom mega cluster in Ichalkaranji in Maharashtra
• 5000 crore rupees India Opportunities Venture Fund to be set up with SIDBI
• 15888 crore rupees to be provided for capitalisation of public sector banks and financial institutions

Other major allocations

• 37113 crore rupees allocated for Scheduled Castes Sub Plan

• 21710 crore rupees earmarked for Tribal Sub Plan

Revised banking rates

It is to bring to kind notice to all of you that banking rates have been revised again for the current year by the new governor of RBI , Mr. Raghuram Rajan in an attempt to save the drowning economy of India.
One or two questions are always asked based on the current rates of RBI in IBPS exam. So here are the revised rates, Please make a note.

a. CRR – 4%
b. SLR – 23%
c. Repo Rate – 7.25%
d. Reverse Repo – 6.25%
e. MSF – 10.25%
f. Bank Rate – 10.25%

Download important GK facts you should know

Every IBPS exam has a mandatory GK section as every student generally lacks in this section due to improper all round knowledge. In continuation to the previous post, I am sharing some important GK facts that you all should know.
Click on the link below and download the pdf file for your use. Leave comments if you like.

http://goo.gl/VUpr0k

New Appointments in India- IBPS PO general awareness

NEW APPOINTMENTS IN INDIA

1. Justice P Sathasivam - next (40th) Chief Justice of India (CJI) (by suceeding Altamas Kabir).
2. K N Shanth Kumar - PTI Chairman (succeeded R Lakshmipathy)
3. K R Kamath Re-Elected - Chairman of Indian Banks' Association (IBA).
4. Rami Hamdallah - New Prime Minister of Palestine.
5. Sudha Sharma - New CBDT chief.
6. Thomas Mathew - New Chairman Of LIC succeeded D K Mehrotra, retired on 31 May.
7. Mahendra Mohan Gupta -Vice Chairman of PTI.
8. S Gopalakrishnan - new President of CII.
9. M F Farooqui - new Telecom Secretary
10. Deepak Sandhu - first woman Chief Information Commissioner (replaced Satyananda Mishra).
11. Rahul Dravid - Brand ambassador for Tobacco control campaign.
12. Rakesh Sood - Prime Minister’s Special Envoy for Disarmament and Non-Proliferation.
13. Anil Goswami - New Union Home Secretary (by replacing R.K Singh).
14. Shashi Kant Sharma - New CAG (Comptroller and Auditor General) of India (by succeeding Vinod Rai)
15. Radha Krishna Mathur - Indian Defence Secretary (succeeded Shashikant Sharma).
16. V Hariharan - Secretary of the All India chess federation.
17. Mittu Chandilya - chief executive of AirAsia India.
18. Lt. Gen. Nirbhay Sharma - new Governor of Arunanchal Pradesh.
19. Siddaramaiah - C.M. of Karnataka.
20. Aruna Bahuguna - First Women Special DG of CRPF.
21. Nirbhay Sharma - Governor of Arunachal Pradesh.
22. Krishna Kumar Natrajan (CEO and Director of Mindtree) - New Chief of NASSCOM (replaced N Chandrasekaran).
23. PJ Kurien - Chairman of Asian forum of Parliamentarians (replaced Yasuo Fukuda, former P M of Japan)
24. Vinod Rai - Re-Elected As Chairman of UN Panel of External Auditors.
25. Sidharth Birla (Chairman of Xpro India Ltd and Digjam Ltd) - Senior Vice-President of FICCI.
26. Justice D.K. Jain - new Chairman of Law Commission.
27. Shyamala Gopinath - New Clearing Corporation of India Ltd 
(CCIL) Chairperson.
28. Jawahar Sircar - New CEO of Prasar Bharti.
29. Rajiv Takru - Secretary of Financial Services in the Finance Ministry replacing Dinesh Kumar.
30. P.R. Vasudeva Rao - Director of the IGCAR (Indira Gandhi Centre for Atomic Research) replacing S.C Chetal.
31. Asoke Kumar Mukerji - Next Permanent Representative of India to the UN.
32. Aishwarya Rai Bachchan as International Goodwill Ambassador – UNAIDS (UN Programme on HIV/AIDS).
33.  Mary Kom - Brand Ambassador of Super Fight League (SPL) .
34. Rajan Bharti Mittal - president of International Chamber of Commerce (ICC) India.
35. Gregg Clark - Coach of the Junior Hockey Men’s National Team
36. K K Paul - Meghalaya governor replacing Ranjit Shekhar Mooshahary.
37. Sunil Soni - Director General of Bureau of Indian Standards
38. Shriniwas Patil - new governor of Sikkim.
39. R. Chandrasekhar (the former Secretary Department of Telecommunications (DoT)) - Nasscom President, succeeding current Nasscom President Som Mittal, whose tenure expires in January 2014
40. Hazem El-Beblawi - new Prime Minister of Egypt by the Interim President Adly Mansour.
41. Francisco Garcia (Spain) - as head coach of the Indian senior women’s basketball team.
42. Hemant Soren (Jharkhand Mukti Morcha leader) - Chief Minister of Jharkhand.
43. Abdul Rahim Rather (Jammu & Kashmir Finance Minister) - new Chairman of the Empowered Committee of State Finance Ministers on GST.
44. Arvind Sharma (Chairman and CEO of Leo Burnett, India) - President of Advertising Agencies Association of India (AAAI).
45. Professor Mahendra P. Lama - new pro-vice-chancellor of the Indira Gandhi National Open University(IGNOU).
46. Sujatha Singh - India’s new foreign secretary. Sujatha Singh is the third woman to head the Foreign services after Chokila Iyer and Nirupama Rao.
47. Kumar Iyer - Director general for UK Trade and Investment (UKTI) in India appointed by the British government.
48. Rajeev Rishi - Chairman and Managing Director of Central Bank of India.
49. Arundhati Bhattacharya – MD and chief financial officer of State Bank of India(SBI). She is the first female managing director at SBI she succeeded Diwakar Gupta
50. Rakesh Sethi - Executive Director of the Union Bank of India.

Strategy to crack IBPS PO and clerk exams

1. Don't try to reach exact answer

I have many candidates who always try to reach final answer. Objective exams are meant for assessing candidates decision making ability, no one can solve 250 questions in 120 minutes. It's all about estimation, after reaching a point where you can estimate the answer, you need reject options which according to you are wide away from your expected answer. For example your expected answer is 145 and there are options 110,120,130 and 140. Obviously a wise student will choose 140.

2. Try to learn shortcuts and time saving techniques

Shortcut techniques are key to crack PO and clerical exams. As you know most of the students fails to crack because they don't have time to solve all questions. You need to learn shortcut techniques. Most famous shortcut techniques are Vedic maths and Alligations.

3. Learn to choose questions

No one can solve all questions and everybody have some strengths and weaknesses. Before appearing for PO exam, do your swot analysis to find out which topics you know deeply and which are the topics where you are not comfortable. Please keep in mind that there are sectional cutoffs, you can't leave too many questions from same section. 

4. Read at least one book for each subject

Reading books and practice maximum number of questions is the key to success. You should read at least one books, always try to avoid all in one book where author collects questions on all subjects.These kind of books don't explain fundamentals which are key to success, candidates end up solving questions without knowing basic concepts and shortcut techniques.

5. Never skip "Marks Rich" questions

In IBPS PO and clerical exams there are at least 25% questions which can be solved in fraction of seconds. For example in quantitative techniques questions of data interpretation where you need to interpret simple graphs and find out percentages and changes over years in frequencies. When comparing these questions with those difficult questions in reasoning section which takes too much time, its wise to solve these marks rich questions than satisfying your ego to solve difficult questions.