New- REET VACANCY COMING SOON: 31K Posts of 3rd Grade Teacher in Rajasthan(Approved by FMoR) New- RSMSSB PATWAR: Exam in January, 2021

Wednesday, October 11, 2017

The Hindu RC for IBPS PO/RRB/SBI PO- Pre/Mains

Quiz: Reading Comprehension


The crucial question about how and where auditors should get access to GST data continues to hang fire, even as hundreds of CAG auditors are being put through specialised training in anticipation of the implementation of the new tax regime from July 1. Various government officials, including ministers, have been insisting that the proposed tax 
ministers, have been insisting that the proposed tax regime will come into force as scheduled. The GST Network (GSTN), which is the nationwide electronic backbone of the tax regime, will go live for testing in early May.
For full implementation of the GST regime, to decide the compensation for States and to determine their revenue share, auditors of the CAG (Comptroller and Auditor General) will require access to two different datasets, which are proving difficult to come by. One of them is data pertaining to revenue that would accrue to States from alcohol and petrochemicals, both of which are outside GST for now. The second issue of where and how CAG auditors will get access to the GST data continues to vex officials. Senior officials say the government needs to quickly settle it.
An official pointed out that the GSTN has refused to give the CAG access to its network, saying it is only holding the data in a fiduciary capacity since the tax data originally belongs to the Centre and States. Officials also pointed out that the GSTN is owned by a private company, and thus cannot be audited by CAG. “The government will have to sort it out, or we would have serious problem on our hands,” another senior official said.
The GSTN claims it is a private company as 51% stake in the company is held by private companies such as HDFC and ICICI Bank. The CAG has pointed out in official communications in recent times that under the new Companies Act, GSTN can be counted as government-controlled company since its strategic control will be with the government. Like any PSU, the CAG could depute chartered accountants to audit GSTN. “But that is a minor issue. The real issue is where would auditors get access to the data,” he said.
“We are not so much interested in auditing GSTN, but the real issue to be sorted out is the massive tax data from all over the country that GSTN’s network will have,” he said. Accessing the data at various points — point of manufacture, point of sale etc. —would make the GST audit a complicated and almost impossible task, and will hamper other functions, which would include CAG certification about the share of GST for States.

IBPS PO PRELIMS 2017 ANALYSIS – SLOT 4 – OCTOBER 7, 2017

 

IBPS PO Prelims Exam Analysis & Review: 7th Oct 2017 (Shift 4)

IBPS PO PRELIMS EXAM ANALYSIS & REVIEW: 

IBPS ‘s recruitment of Probationary Officer is the much-anticipated opportunity for every banking aspirant and with the Preliminary exam, you are now a step closer to achieve your goal. Today's (7th October'17) IBPS PO Pre exam 4th shift is over now, and it is the time for its Exam Analysis. All those aspirants who are yet to appear for IBPS PO Prelims Exam can benefit from this exam analysis as here we provide you an insight on the types and levels of questions being asked in this year's IBPS PO Pre exam. The level of this shift's examination was Moderate-Difficult. You can expect this year's cut off to be lower in comparison to last year's IBPS PO Pre cut off. Due to the difficulty level of paper many aspirants couldn't even go through all the questions asked in paper.

IBPS PO Prelims Analysis: Overall  

The preliminary exam for IBPS PO was conducted online and had 100 questions for 60 minutes. Candidates have to manage those 60 minutes themselves while dealing with three sections- Reasoning (35 Ques), Quantitative Aptitude (35 Ques), and English (30 Ques). 

Subject
Good Attempt
Time (in min.)
English Language
13-16
15
Reasoning Ability
16-22
20
Quantitative Aptitude
13-17
25
Total
51-56
60






English Language ( Moderate- Difficult )

IBPS PO PRELIMS 2017 ANALYSIS – SLOT 3 – OCTOBER 7, 2017

 

IBPS PO Prelims Exam Analysis & Review: 7th Oct 2017 (Shift 3)

IBPS PO PRELIMS EXAM ANALYSIS & REVIEW: 

IBPS ‘s recruitment of Probationary Officer is the much-anticipated opportunity for every banking aspirant and with the Preliminary exam, you are now a step closer to achieve your goal. Today's (7th October'17) IBPS PO Pre exam 3rd shift is over now, and it is the time for its Exam Analysis. All those aspirants who are yet to appear for IBPS PO Prelims Exam can benefit from this exam analysis as here we provide you an insight on the types and levels of questions being asked in this year's IBPS PO Pre exam. The level of this shift's examination was Moderate-Difficult. You can expect this year's cut off to be lower in comparison to last year's IBPS PO Pre cut off. Due to the difficulty level of paper many aspirants couldn't even go through all the questions asked in paper.

IBPS PO Prelims Analysis: Overall  


The preliminary exam for IBPS PO was conducted online and had 100 questions for 60 minutes. Candidates have to manage those 60 minutes themselves while dealing with three sections- Reasoning (35 Ques), Quantitative Aptitude (35 Ques), and English (30 Ques). 
Subject
Good Attempt
Time (in min.)
English Language
13-16
15
Reasoning Ability
16-22
20
Quantitative Aptitude
13-17
25
Total
51-56
60






English Language ( Moderate- Difficult )

Current Affairs October 10, 2017


Dear Aspirants,
Study Daily Current Affairs and stay updated as well as prepare for General Awareness section of bank exams. It's time to gear up your preparations for IBPS RRB PO Mains and with the daily dose of current affairs, you can easily prepare G.A and score well.

INDIAN AFFAIRS
VAJRA faculty scheme – 260 applicants for government’s visiting researcher programme
Central Government has received 260 applications from foreign scientists for Visiting Advanced Joint Research (VAJRA) Faculty scheme. Out of these 260 applications, 70 will be shortlisted for this year.
i. The department intends to select 1,000 scientists every year under this scheme.
ii. Ashutosh Sharma, Secretary of Department of Science and Technology, has stated that screening of 260 applicants will start in October 2017 and the shortlisted scientists will begin work by December 2017.
Gujarat becomes first state to slash VAT on petrol, diesel; cuts taxes by 4 per cent
On October 2017, Gujarat state government announced a 4 per cent reduction in VAT (Value Added Tax) on petrol and diesel. It has thereby become the first state to cut VAT on fuel.
More Details:
i. On account of this decision, petrol will get cheaper by Rs 2.93 and diesel by Rs 2.72 across Gujarat from the midnight of Tuesday and Wednesday.
ii. Recently, after cutting central excise duty on petrol and diesel by Rs. 2, Union Oil Minister Dharmendra Pradhan had asked the state governments to cut VAT on the fuel products by 5 per cent citing that they are the biggest beneficiaries of the revenues generated from petrol and diesel.
iii. Out of the total levy on fuel, state governments get all of the VAT collection along with 42 per cent of the central excise collections.  
iv. The remaining portion of excise collections is used by Central Government in centrally sponsored schemes.
Government approved Rs 2,000 crore to set up Aadhaar units in post offices
With an aim to gradually phase out private contractors from the data collection process in Aadhaar enrolment, Central Government has approved Rs 2,000 crore for setting up Aadhaar centres in post offices.
Aadhaar Enrolment and Updation facilities in Post Offices:
i. This decision has been taken as Government received several complaints against private vendors such as petty corruption and attempted frauds.  Moreover Supreme Court too had highlighted reports of alleged leakage of Aadhaar data. 
ii. By March 31, 2017, Government will set up Aadhaar enrolment and updation facilities in around 15,000 post offices.
iii. The centres will have machines approved by the Unique Identification Authority of India (UIDAI) and trained personnel who will be responsible for the operations.
iv. Government believes that post offices will considerably extend the reach of UID, particularly in remote areas.
President of India inaugurates India water Week 2017
On 10th October 2017, the President of India, Mr.Ram Nath Kovind, inaugurated India Water Week 2017, at Vigyan Bhavan, in New Delhi.

IBPS PO PRELIMS 2017 ANALYSIS – SLOT 2 – OCTOBER 7, 2017

 

IBPS PO Prelims Exam Analysis & Review: 7th Oct 2017 (Shift 2)

IBPS PO PRELIMS EXAM ANALYSIS & REVIEW: 

IBPS ‘s recruitment of Probationary Officer is the much-anticipated opportunity for every banking aspirant and with the Preliminary exam, you are now a step closer to achieve your goal. Today's (7th October'17) IBPS PO Pre exam 2nd shift is over now, and it is the time for its Exam Analysis. All those aspirants who are yet to appear for IBPS PO Prelims Exam can benefit from this exam analysis as here we provide you an insight on the types and levels of questions being asked in this year's IBPS PO Pre exam. The level of this shift's examination was Moderate-Difficult. You can expect this year's cut off to be lower in comparison to last year's IBPS PO Pre cut off. Due to the difficulty level of paper many aspirants couldn't even go through all the questions asked in paper.

IBPS PO Prelims Analysis: Overall  


The preliminary exam for IBPS PO was conducted online and had 100 questions for 60 minutes. Candidates have to manage those 60 minutes themselves while dealing with three sections- Reasoning (35 Ques), Quantitative Aptitude (35 Ques), and English (30 Ques). 
Subject
Good Attempt
Time (in min.)
English Language
11-14
15
Reasoning Ability
17-22
20
Quantitative Aptitude
13-17
25
Total
51-54
60






English Language ( Moderate- Difficult )

The level of English Language was Moderate- Difficult. The topic of reading comprehension was related to the impact of the recession (2008) on US Economy. There were 2 questions of Antonyms and 1 question of synonym with the passage.

IBPS PO PRELIMS 2017 ANALYSIS – SLOT 1 – OCTOBER 7, 2017

 

IBPS PO Prelims Exam Analysis & Review: 7th Oct 2017 (Shift 1)

Dear Readers,

IBPS PO PRELIMS EXAM ANALYSIS & REVIEW 

IBPS ‘s recruitment of Probationary Officer is the much-anticipated opportunity for every banking aspirant and with the Preliminary exam, you are now a step closer to achieve your goal. Today's (7th October'17) IBPS PO Pre exam 1st shift is over now, and it is the time for its Exam Analysis. All those aspirants who are yet to appear for IBPS PO Prelims Exam can benefit from this exam analysis as here we provide you an insight on the types and levels of questions being asked in this year's IBPS PO Pre exam. The level of this shift's examination was Moderate-Difficult. You can expect this year's cut off to be lower in comparison to last year's IBPS PO Pre cut off. Due to the difficulty level of paper many aspirants couldn't even go through all the questions asked in paper.

IBPS PO Prelims Analysis: Overall  


The preliminary exam for IBPS PO was conducted online and had 100 questions for 60 minutes. Candidates have to manage those 60 minutes themselves while dealing with three sections- Reasoning (35 Ques), Quantitative Aptitude (35 Ques), and English (30 Ques). 


 Subject
Good Attempt
Time (in min.)
English Language
11-14
15
Reasoning Ability
17-22
20
Quantitative Aptitude
13-17
25
Total
50-53
60







Tuesday, October 10, 2017

Current Affairs October 9, 2017


Dear Reader's,

INDIAN AFFAIRS

GoM set up under Assam FM Himanta Biswa Sarma to review composition scheme
On October 6, 2017, Goods and Services Tax (GST) Council, chaired by Finance Minister Arun Jaitley constituted a group of ministers (GoM) to make the ‘composition scheme’ more attractive and also revisit GST rates on restaurants.About GoM to Review Compostion Scheme:
i. The GoM has been set up under Assam Finance Minister Himanta Biswa Sarma and will submit its report within 2 weeks.
ii. Bihar Deputy Chief Minister Sushil Modi, Jammu and Kashmir Finance Minister Haseeb Drabu, Punjab Finance Minister Manpreet Singh Badal  and Chhattisgarh Minister of Commercial Taxes Amar Agrawal are the other members of the GoM.
iii. The GoM has been set up to make ‘composition scheme’ more effective as only 15.50 lakh businesses out of the total 98 lakh registered under the goods and services tax (GST) regime have opted for this scheme.
iv. As per the latest GST norms, businesses with annual sales up to Rs. 1 crore can avail benefits under ‘composition scheme’ which permits liberal quarterly tax return filing and payment scheme.
International Conference on Dialogue of Civilizations – IV begins in New Delhi
Archaeological Survey of India (ASI) in collaboration with National Geographic Society is hosting an international conference on “Dialogue of Civilizations – IV” from 8th – 15th October, 2017 at Delhi, Gandhinagar (in Gujarat) and Dholavira (in Gujarat).
About “Dialogue of Civilizations”:
i. “Dialogue of Civilizations” conference was initiated by National Geographic Society in 2013.
ii. Objective of this conference is to encourage scholarly and public discourse about the five ancient, literate civilizations of the world, i.e. Egypt, Mesopotamia, South Asia, China and Mesoamerica.
iii. First conference of this series was inaugurated in Guatemala in 2013 followed by Turkey in 2014 and China in 2015.
iv. The present conference being held in India is the fourth in this series. The final dialogue has been planned to be held in Egypt.
v.On October 8, 2017, Dr. Mahesh Sharma, Hon’ble Minister of State (Independent Charge), Ministry of Culture & Minister of State for Environment, Forest & Climate Change inaugurated the “Dialogue of Civilizations – IV” in New Delhi.
Uttarakhand Govt. launches ‘Solar Briefcase’ to provide electricity in remote areas
On October 8, 2017, Uttarakhand State Government and a charitable funding agency named Swan Cultural Center and Foundation, launched ‘Solar Briefcase’ in Kedarnath Dham.
i. This initiative aims to provide electricity to far flung areas in Uttarakhand.
ii. Uttarakhand Chief Minister Trivendra Singh Rawat has stated that around 47 villages and 1,40,000 families in Uttarakhand do not have access to electricity. Moreover there are 60 villages in the state where electrification has not yet been done due to the difficult terrain.
iii. In such situation, using off-grid electricity through solar briefcase is a good option.
Quick Facts about Uttarakhand:
♦ Capital – Dehradun
♦ Current Chief Minister – Trivendra Singh Rawat
♦ Current Governor – Krishan Kant Paul
President Ram Nath Kovind launches Rs.100 crore clean water initiative
On 8th October 2017, President Ram Nath Kovind launched Mata Amritanandamayi Math (MAM)’s, ‘Jivamritam’ filtration system, a clean water initiative, in Vallikkavu, Kollam district of Kerala.
‘Jivamritam’ filtration system: