For the first time in 6 years, India's largest lender State Bank of India (SBI) has cut the interest rate on Savings Bank Accounts to 3.5 per cent from 4 per centon balance of Rs 1 crore and below. This decission will impact about 90 per cent of SBI's customers. SBI's savings bank account base is of around Rs 9 lakh crore.
What does this mean ?
This means that those accounts with a balance of Rs 1 crore or less will earn 3.5% per annum from July 31 while those accounts with a balance of above Rs 1 crore will continue to earn 4% per annum.
Main Reasons behind this cut in Interest Rate
The level of inflation in the economy has fallen, allowing depositors to earn higher real interest rates on deposits.
Dear Great Ambitionists, here are today's (31st July 2017) Important Current Affairs updates. Happy Reading :)
Daily Current Affairs of 31st July 2017
International Current Affairs
Russian Navy today paraded about 50 ships and submarines and over 40 planes and helicopters of the naval aviation in the city of St Petersburg to mark the 321st anniversary of the country's Navy.
The Chinese Army today displayed more than 600 pieces of military hardware, nearly half of which were displayed for the first time in public, in a parade to mark its 90th founding anniversary.
The world's longest hanging pedestrian bridge, Europabrücke opened today near the Swiss town of Zermatt.
The bridge, which is 494 metres high, hangs 85 metres above the Grabengufer ravine.
National Current Affairs
The government is going to launch a crackdown on corrupt officials from August 15.
Letters have been dispatched to various departments and paramilitary forces to finalise the list of corrupt officials by August 5.
The list will be sent to Central Bureau of Investigation and Central Vigilance Commission who will keep a close watch and recommend necessary actions.
Uncertainty - a nervous feeling that you have because you think bad things might happen
Crisis - an extremely difficult or dangerous point in a situation
Disqualification - a situation in which someone is not allowed to take part in something because they have committed an offence or have done something that is not allowed by the rules
Instability - a situation that keeps changing, so that you are worried about what might happen
Vacuum - an empty space
Premiership - the position of being Prime Minister
Friends, the official notification of the Common Admission Test (CAT 2017) has been out. CAT is an online entrance exam for 20 IIMs and more than 100 management schools across India. The Indian Institutes of Management (IIM), Lucknow, the organizing authority of CAT 2017 has announced that the computer based exam will be held 26th November 2017 in two sessions. The online registration for the same will start on 9th August 2017. You can apply online till 20th September 2017 at the official website of 2017 CAT (www.iimcat.ac.in). Check complete details below.
Name of the Exam : Common Admission Test 2017 / CAT 2017
Organizing Authority : Indian Institutes of Management (IIM), Lucknow
Education : Bachelor degree with 50% marks
Important Dates :
Online Registration Starts from : 9th August 2017
Last Date for Online Registration : 20th September 2017
Who has been re-appointed as the Managing Director and CEO of Axis Bank ?
Which country has approved the plan to reduce working hours to lower the country's suicide rate by 30% by 2025 ?
As part of the government's efforts to tackle air pollution, which country has recently announced that it will ban the sale of all new petrol and diesel cars from 2040 ?
International Tiger Day is observed on ?
Which state government has recently announced that integrated coaching will not be allowed in the state from the next academic year ?
Dear Great Ambitionists, here are today's (30th July 2017) Important Current Affairs updates. Happy Reading :)
Daily Current Affairs of 30th July 2017
International Current Affairs
Today (30th July) is World Day against Trafficking in Persons.
This day was established by the UN General Assembly in the year 2013.
Aim of this Day : To raise awareness of the plight of victims of human trafficking and to protect their rights.
Theme of World Day against Trafficking in Persons 2017 : ‘Act to Protect and Assist Trafficked Persons’
National Current affairs
Bihar CM Nitish Kumar today expanded the Cabinet, inducting 27 new ministers which included 14 JD(U), 12 BJP and 1 LJP legislator.
CM Nitish Kumar kept the Home and Personnel, and Department of Monitoring portfolios.
Deputy CM Sushil Modi was given the Finance, Commerce, Forestry, and IT Department.
Krishna Nandan Verma got Education Ministry.
Shravan Kumar got Rural Development and Parliamentary Affairs.
On the occasion of its foundation day, the Union Ministry of Earth Science has launched a mobile application titled 'India Quake'.
This app has been developed by the National Centre for Seismology (NCS) for automatic dissemination of earthquake parameter (location, time and magnitude) after the occurrence of earthquakes
Which Private sector lender is going to buy the digital payments platform FreeCharge for ₹350-400 crore ?
Zimbabwe's Parliament recently passed a bill giving President power to appoint the country's top judges without consulting anyone. Who is the President of Zimbabwe ?
India is going to host the Men's World Boxing Championship for the first time in which year ?
India's first televised war was ?
18th Kargil Victory Day (Kargil Vijay Diwas) was observed on ?
Kargil Victory Day is named after the success of which military Operation ?
Dear Great Ambitionists, here are today's (29th July 2017) Important Current Affairs updates. Happy Reading :)
Daily Current Affairs of 29th July 2017
International Current Affairs
Today (29th July) is International Tiger Day.
This day is an annual celebration to promote a system for protecting natural habitats of tigers and to raise public awareness for tiger conservation.
This day was first observed in 2010 at the Saint Petersburg Tiger Summit.
Russian President Vladimir Putin has signed a law ratifying a deal with the Syrian government allowing Russia to keep its air base in Syria for almost 50 years.
The 2017 BRICS Labour and Employment Ministers’ meeting was recently held at Chongqing (China).
This meeting comes ahead of 2017 BRICS Summit to be held in Xiamen, China in September 2017.
The BRICS countries have agreed to work together to ensure stable employment and better quality of life for their people.
National Current Affairs
Maharashtra government today announced that integrated coaching will not be allowed in the state from the next academic year.
It will be compulsory to attend college lectures and attendance will be marked through bio-metric system.
Note : Integrated coaching is an arrangement between colleges and coaching centres, in which students don't need to attend college lectures.
Friends, the Karur Vysya Bank Limited has released the Results of it's PO Online Exam 2017. As you know, the Karur Vysya Bank has invited online applications for filling up the posts of Probationary Officers (Scale I cadre) from 10th June 2017 to 19th June 2017 and conducted online exam on 15th July 2017. Now it has came out with the result of he same. You can check the List of candidates shortlisted for personal interview from the official website of the Karur Vyasa Bank (KVB) or from below link. The date of Interview along with time and venue will be announced soon. All the Best :)
Friends, this is the 74th Lesson of our One Word Substitutions lesson series. Today we are giving you one word substitutes of the letter 'E'. Read and practice well. Happy Reading :)
One Word Substitutes Practice Test - 74
Get into a difficult situation or argument
embroil (verb)
Leave one's country and settle in another country permanently
emigrate (verb)
The quality of being reputed and respected
eminence (noun)
Send out something
emit (verb)
Show emotion
emote (verb)
Making someone feel strongly emotional
emotive (adjective)
The process of understanding someone's feelings
empathy (noun)
Not based on theory but on experience or experiments
Friends, the Staff Selection Commission (SSC) has released Call letters / Admit Cards of SSC CGL 2017 Tier I Examination. As you know the organization is going to conduct SSC Combined Graduate Level (Tier I) Online exam from 5th August 2017 to 23rd August 2017. Now it has came out with the admit cards for some regions. Click on the link related to your appropriate region to download your call letters / check your exam status. All the Best :)
SSC CGL (Tier I) 2017 Online Exam Call Letter Links
One of the major public sector banks, Canara Bank today launched 'CANDI', it's 1st ‘Digital Banking Branch’ in Bengaluru. This branch will aim to provide an end-to-end digital experience to customers.
Main Features of Digital Branch 'CANDI'
The bank, as part of the run-up to its digital foray, has introduced customer-friendly mobile apps which help customers get most of the information related to their accounts from the app without the need to visit the branch.
Customer
On-Board Application
The tools and devices include Customer
On-Board Applicationwhich facilitates instant opening of Savings Bank
account by the customer himself using fingerprint / IRIS authentication,
printing of personalised debit card, cheque book, mobile/ Internet
banking registration, generation of e-Passheet and issuance of virtual
welcome kit.
Humanoid Robot
The most attractive feature of the Digital Branch is a Humanoid Robot, which addresses basic queries of customers on banking products and services. This is a first-of-its kind initiative by a public sector bank in the country.
Former chief of the Indian Space Research Organisation (ISRO), who is widely known as the man behind India's first satellite Aryabhatta, was recently passed away. Who is he ?
National Broadcasting Day is observed on ?
Name the Indian tennis player, who has won the Men's doubles event at the ATP Astana Challenger with Japanese partner Toshihide Matsui ?
‘Cyber4All : An Inclusive, Sustainable, Developmental, Safe and Secure Cyberspace' is the Theme of which conference ?
For the first time India is going to host Global Conference on Cyber Space (GCCS) 2017, the world’s largest conference on cyber space and related issues in which city ?
Friends, the Krishna District Co-operative Central Bank Ltd, an affiliated District Co-operative Central Bank of the Andhra Pradesh State Co-operative Bank Ltd., Hyderabad, is inviting applications for filling up the posts of Staff Assistants / Clerks for the year 2017. There are 40 Posts in total. You can apply online from 18th July 2017 to 29th July 2017. Check complete details below. All the Best :)
Name of the Bank : Krishna District Co-operative Central Bank Ltd
Dear Great Ambitionists, here are today's (26th July 2017) Important Current Affairs updates. Happy Reading :)
Daily Current Affairs of 26th July 2017
International Current Affairs
The US House of Representatives today voted 419-3 to approve new sanctions on Russia for its interference in the 2016 presidential elections, despite President Donald Trump objecting to the legislation.
The bill would also levy new sanctions against North Korea and Iran over the nations' ballistic missile programs.
To cut down the distance to the China border through Tawang by 10 km, the Border Roads Organisation (BRO) is going to construct 2 tunnels through Arunachal Pradesh's Sela Pass.
National Security Advisor Ajit Doval is going to visit China tomorrow to attend BRICS meetingin Beijing.
National Current Affairs
Nation pays tribute to martyrs on 18th Kargil Victory Day (Kargil Vijay Diwas) today.
Kargil Vijay Diwas is named after the success of Operation Vijay.
This day is is celebrated on 26 July every year in honour of the Kargil War's Heroes.
On this day, 26 July 1999, India successfully took command of the high outposts which had been lost to Pakistani intruders.
The Kargil war was fought for more than 60 days, ended on 26 July 1999.
Kargil was India's first televised warthat enabled people across the country to see what was happening on the battlefield.
A 1978-batch IAS officer of Haryana cadre has been appointed as the Secretary to the new President Ram Nath Kovind. Who is he ?
The landmark India-Japan civil nuclear agreement came into effect on ?
The Unique Identification Authority of India (UIDA) has launched a new app for syncing Aadhaar data on mobile phones. Name it ?
Union Cabinet today gave its in-principle approval for sale of the government's 51.11% stake in which organization to India's largest oil producer ONGC for ₹30,000 crore ?
An Indian-origin man has recently became UK's youngest ever doctor. Who is he ?
Which company has topped the 2017 Fortune Global 500 list with a revenue of $486 billion ?
How many Indian companies featured in Fortune Global 500 list 2017 ?
Name the highest ranked Indian company (168th) in the 2017 Fortune Global 500 list ?
Friends, the State Bank of India (SBI) is inviting applications from eligible experienced professionals for filling up the posts of Specialist Cadre Officers in on regular & contract basis for the year 2017. There are 21 posts in total. You can apply online from 25th July 2017 to 10th August 2017. Check complete details below. All the Best :)
Note : Experience required for all these posts
Name of the Bank : State Bank of India (SBI)
Name of the Posts : Specialist Cadre Officers
Vacancy Details :
DGM (Cyber Security) - 01 Post
AGM (Cyber Security) - 01 Post
Dy. Manager (IS Audit) - 05 Posts
Vice President – Customer Analytics (Asset Products) - 01 Post
Senior Manager (Product Specialist) - 02 Posts
Vice president (Complaints Management) - 01 Post
Assistant Vice President (IS Audit) - 05 Posts
Senior Manager (IS Audit) - 05 Posts
Important Dates :
Starting Date of Online Applications : 25th July 2017
Last Date of Online Applications : 10th August 2017
Last Date of Receipt of Hard Copy of Online Application along with enclosure : 21st August 2017
Friends, the Parliament of India, Rajya Sabha Secretariat is inviting online applications from eligible Indian aspirants for filling up various positions. You can apply online from 25th July 2017 to 18th August 2017. Check complete details below. All the Best :)
Name of the Organization : Rajya Sabha Secretariat
Vacancy Details :
Parliamentary Interpreter (English/ Hindi) - 01 Post
Master's degree from a recognised university in English with medium of Hindi Language up to degree level or Master's degree in Hindi with medium of English Language up to degree level.
Friends, this is the 73rd Lesson of our One Word Substitutions lesson series. Today we are giving you one word substitutes of the letter 'D'. Read and practice well. Happy Reading :)
One Word Substitutes Practice Test - 73
Person who is accused of committing a crime and is facing a trial
Friends, the Kurnool District Co-Operative Central Bank Ltd (KDCC Bank) is inviting online applications from eligible aspirants for filling up the posts of Staff Assistants and Clerks for the year 2017. There are 62 Posts in total. You can apply online from 15th July 2017 to 1st August 2017. Check complete details below. All the Best :)
Name of the Bank : Kurnool District Co-Operative Central Bank Ltd (KDCC Bank)
Name of the Posts : Staff Assistants / Clerks
Important Dates :
Starting Date of Online Registrations : 15th July 2017
Last Date of Online Registrations : 1st August 2017
Tentative Date of Online Test : August 2017
Important Note : Only candidates local to the Kurnool District (candidates having domicile of the Kurnool district) are eligible to apply for the posts.
Dear Great Ambitionists, here are today's (25th July 2017) Important Current Affairs updates. Happy Reading :)
Daily Current Affairs of 25th July 2017
International Current Affairs
Sweden is going to hold its 'first and biggest' military
exercisein over 20 years, involving all of its military branches as
well as troops from several NATO countries.
The drills are aimed at
strengthening Sweden's defence capabilities and creating a "credible and
visible" deterrent to warn potential enemies against the risks of
attacking Sweden.
Saudi Arabia, UAE, Bahrain and Egypt today blacklisted 9 charity groups and 9 individuals with ties to Yemen, Qatar and Libya, labelling them "terrorist" over suspected ties to Islamist extremism.
This comes amid the ongoing Qatar crisis in which the Arab states suspended diplomatic ties with Qatar last month, accusing it of supporting terrorism.
New Appointments
Ram Nath Kovind was today sworn-in as India's 14th President.
He was administered the oath of the office by the Chief Justice of India JS Khehar.
Kovind, who defeated Opposition candidate Meira Kumar after securing over 65% votes, is India's second Dalit President after KR Narayanan.
Disruption - a situation in which something cannot continue because of a problem
Regulator - a person or organization whose job is to be certain that companies, systems etc act fairly and follow rules
Subscriber - someone who pays money in order to receive something regularly
Acquiring - to get something
Offering - something that is offered for sale
Disrupt - to interrupt something and prevent it from continuing by creating a problem
Refundable - if something you have paid for is refundable, you can get your money back if you are not satisfied with it or if you are not able to use it
Give away - if a company gives something away, they let you have it without paying for it
The State Bank of India (SBI) has launched a dedicated portal that will help home buyers to choose flats from its 3,000 approved projects across the country. Name it ?
Who was given the additional charge of the Information & Broadcasting Ministry after M Venkaiah Naidu resigned ?
The international naval exercise of India, US, and Japan was recently concluded in the Bay of Bengal. Name it ?
Who has been recently appointed as the new bowling coach of the Indian cricket team ?
NDA's presidential candidate and former Bihar Governor was recently elected as the 14th President of India. Who is he ?
The Union Ministry of Science and Technology has recently launched an indigenously developed low-cost hearing screening device for newborns. Name it ?
Friends, the Security Printing and Minting Corporation of India Limited (SPMCIL), a Schedule ‘A’ Mini-ratna Category–I Central Public Sector Enterprise wholly owned by Government of India, is inviting online applications for filling up the posts of Officers (F&A) and Officers (HR) Posts for the year 2017. You can apply online from 26th July 2017 to 28th August 2017. Check complete details below. All the Best :)
Name of the Organization : Security Printing and Minting Corporation of India Limited (SPMCIL)
Name of the Posts :
Officer (F&A)
Officer (HR)
Vacancy Details :
Officer (F&A) - 9 Posts
Officer (HR) - 3 Posts
Maximum Age (as on 28th August 2017) - 30 years
Educational Qualification :
Officer (Finance & Accounts): (E-1 Level)
Essential Qualification : Qualified CA/ICWA/1st Class full-time MBA with Finance elective/1st class 2 year full-time Post Graduate Diploma in Management with Finance elective equivalent to MBA (proof of equivalence to be submitted) from recognized University/Management Institute.