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February 28, 2015

28th February 2015 - Important Current Affairs updates

Business & Economy
  • Finance Minister Arun Jaitley presented NDA Government's first full fledged Union Budget in the Lok Sabha today. 
    • Corporate tax to be reduced from 30 to 25 per cent over the next four years; No change in individual income tax.
    • Wealth tax abolished; two per cent additional surcharge on super-rich with above one crore rupee annual income.
    • Proposes to introduce bills to curb black money.
    • Goods and Services Tax to be in place by April 1, 2016.
    • Two crore houses in urban areas by 2022 and four crore in rural areas.
    • Two lakh rupees insurance for poor people under Jan Dhan Yojana on premium of one rupee per month.
    • AIIMS to be established in five states.
    • Three-pronged approach to use Jan Dhan, Aadhar and mobile technology to check pilferage of subsidies.
    • Proposes over 11 per cent hike to defence sector.
    • Fiscal deficit to be reduced to three per cent in the next three years.
  • In order to provide convenient online shopping experience to customers, Indian Railway Catering and Tourism Corporation (IRCTC) has tied up with to sell various products.
    • Under the agreement, IRCTC will leverage the huge traffic it generates being a virtual monopoly for train e-ticketing to sell products such as consumer electronic, books, shoes, apparel etc.
    • It has added a “shop on Amazon” tab on its homepage which redirects to a separate landing page on

Union Budget 2015-16 Highlights : Pdf Download

Finance Minister Arun Jaitley today (28th February 2015) presented the Union Budget for the year 2015-16 aimed at high growth, saying the pace of cutting the fiscal deficit would slow as he seeks to boost investment and ensure that ordinary people benefit. Being termed as 'make or break', this is Arun Jaitley and the NDA Government's first full-year Budget. You can download the pdf version of Budget 2015-16 from here.

Note : Before reading the following Points, read Important Details you should know about Budget from here

Important Numbers to Note 

  • Non-Plan expenditure : Rs 13,12,200 crore.
  • Plan expenditure : Rs Rs 4,65,277 crore.
  • Total expenditure : Rs 17,77,477 crore.
  • Gross Tax receipts : Rs 14,49,490 crore.
  • Devolution to the States : Rs 5,23,958 crore.
  • Share of Central Government : Rs 9,19,842 crore.
  • Non Tax Revenues : Rs 2,21,733 crore.
  • Fiscal deficit : 3.9% of GDP and Revenue Deficit: 2.8% of GDP

Success Story of Vittal Reddy (SBI Assistant)

Name : Vittal Reddy

Qualification : B.Tech (2009)

Results : 
  • SBI Assistant for Maharastra, 
  • IBPS PO(95), 
  • IBPS Clerk, 
  • RRB PO(125), 
  • Clerk (152) for Telangana

SBI Associates PO Interview Experience from Hyderabad

Hi friends, I am Abhinay Vishwanath.I did my B Tech in Mechanical engg . I had my SBI Associates PO GD/PI at SBIRD, Hyderabad on February 26, 2015. Panel no 1 and the time was 8 AM.

Sorry for the delay as I could have posted sooner coz I'm very lazy :p

Here goes my Experience:
The document verification was very strict. It started at 8 AM and was completed at around 10:30 AM. Those who are yet to attend the interview plz carry all the originals. A beautiful girl candidate from my panel forgot to get one or two originals and she was grilled based on that. Felt bad for her. A guy brought his PC instead of his OD . He too was grilled. Finally no worries for them as they were instructed to write a letter to the AGM and were allowed for the GD/PI.

Success Story of Pratima Chaudhary (SBI Assistant)

"Believe in yourself"

I am going to share my success story for Sbi Clerk-2014. First of all a big thanks to my family who supported me at each and every step of my life. I used to think that its very difficult to clear government bank exams as there is a huge competition, but my father whos my real inspiration, encouraged me. I am a graduate. Prior starting for bank preparation i worked as an Officer in ICICI Bank. I worked there for sometime but I resigned later due to my exams preparation.

Karnataka Bank Officers (Scale-I) Interview Call Letters out

Friends, the Karnataka Bank Ltd has activated Interview Call Letter download link for Officers (Scale I). The bank has conducted Online Examination for the recruitment of Officers (Scale I) on 27th December 2014 and released the results of the same on 3rd February 2015. Now it has came out with the Interview call letters. You can download your Officers (Scale I) Interview call letters from the official website of Karnataka Bank or from below link. All the Best :)
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