Current Affairs September 5, 2017

Dear Reader's,

INDIAN AFFAIRS

President Ram Nath Kovind lays foundation stone for Link-4 of SAUNI Scheme
On 4^th September 2017, Mr. Ram Nath Kovind, President of India laid the foundation for Link-4 pipeline canal of SAUNI Scheme at Jasdan in Rajkot district of Gujarat.
SAUNI Scheme
i. Saurashtra Narmada Avataran Irrigation (SAUNI) Scheme was conceived by Mr. Narendra Modi when he was the Chief Minister of Gujarat.
ii. This project aims to fill up 115 dams of 11 districts of Saurashtra by overflowing water from Sardar Sarovar Dam on Narmada River by a web of 1126 km long pipeline network.
iii. The unique feature of this project is making pipe canals instead of conventional open canals which leads requires no acquisition of land and involves less water loss.

vii. This project consists of four links:

IBPS Recruitment 2017

IBPS Recruitment 2017 – CWE Clerk VII

Night Class High Level CI Questions

1. What is the difference between the compound interests on Rs. 5000 for 11⁄2 years at 4% per annum compounded yearly and half-yearly?

A. Rs. 2.04

B. Rs. 4.80

C. Rs. 3.06

D. Rs. 8.30

Here is the answer and explanation

Answer: Option A

Explanation:

Amount after 11⁄2 years when interest is compounded yearly

=5000×(1+4/100)×(1+(1/2×4)/100)=5000×104/100×(1+2/100)=5000×104100×102100 =50×104×51/50=104×51=Rs. 5304

Compound Interest for 1 1⁄2 years when interest is compounded yearly = Rs.(5304 - 5000)

IBPS PO-RRB QUANT NIGHT REVISION PART-1

Compound Interest

• Assume that two persons together lent Rs. P at R% compound interest in such a way that the amount one person gets after T₁ years is same as the amount other person gets at the end of T₂ years. Then,
  
  Share of the first person in the principal = P1+(100100+R)n    where n = T₂ - T₁

Current Affairs September 4, 2017

Dear Reader's,

Indian Affairs

Swiss president Doris Leuthard is on a three-day visit to India
Swiss president Doris Leuthard will begin her three day visit to India on August 30 2017. She will be received gladly by India’s president Ram nath govind and PM Narendra Modi. These talks will strengthen bilateral ties and it will ramp up trade and investment ties.
Issues to be discussed in the meet: – 
i) The visit is significant as Switzerland is the chair of the Nuclear Suppliers Groupwhere India has been seeking membership.
ii) Both countries will sign trade agreements and a Memorandum of Understanding (MoU) on railway infrastructure.
iii) India and Switzerland will try having new investment protection agreement.

Current Affairs September 3rd, 2017

Dear Reader's,

Indian Affairs

Narendra Modi Cabinet reshuffle with 9 New Faces as Ministers

On September 3,2017, the cabinet got extended and reshuffled for the third time. Modi expanded his council of ministers twice–first on November 9, 2014 and then on July 5, 2016. Nine new Ministers of state were inducted into the Union Council of Ministers. Four Ministers of state were elevated to the cabinet rank.

Ministers of State who got into Cabinet Rank: –

The ministers promoted were Mukhtar Abbas Naqvi, Dharmendra Pradhan, Piyush Goyal and Nirmala Sitharaman.

Current Affairs September 2, 2017

Dear Reader's,

INDIAN AFFAIRS

Karnataka launches unified health scheme ‘Arogya Bhagya’
Karnataka government will merge the existing seven health schemes to launch a unified health scheme- ‘Arogya Bhagya’. It will cover all 1.4 crore households of the state.
Key Points:
i.The main theme of the ‘Arogya Bhagya’ scheme is ”Treatment Firstand Payment Next”.
ii.All the health facilities will be provided through Aadhaar linked Universal Health Card.
iii.Universal Health Coverage scheme would help the card holder to get treatment in all the enroll private hospitals besides government hospitals to get treatment without paying any cash.