MUDRA 

                              Micro Units Development & Refinance Agency Ltd.

1. What is MUDRA?

MUDRA, which stands for Micro Units Development & Refinance Agency Ltd., is a new institution being set up by Government of India for development and refinancing activities relating to micro units. It was announced by the Hon’ble Finance Minister while presenting the Union Budget for FY 2016. The purpose of MUDRA is to provide funding to the non corporate small business sector.

2. Why MUDRA has been set up?

The biggest bottleneck to the growth of entrepreneurship in the Non –Corporate Small Business Sector (NCSBS) is lack of financial support to this sector. Majority of this sector does not have access to formal sources of finance. GoI is setting up MUDRA Bank through a statutory enactment for catering to the needs of the NCSBS segment or the informal sector for bringing them in the mainstream. To begin with, it is being set up as a subsidiary of SIDBI.

3. What will be roles and responsibilities of MUDRA?

MUDRA would be responsible for refinancing all Last Mile Financiers such as Non Banking Finance Companies of various types engaged in financing of small businesses, Societies, Trusts, Section 8 Companies [formerly Section 25], Co-operative Societies, Small Banks, Scheduled Commercial Banks and Regional Rural Banks which are in the business of lending to Micro / Small business entities engaged in manufacturing, trading and services activities. The Bank would partner with State / Regional level financial intermediaries to provide finance to Last Mile Financier of Small / Micro business enterprises.

4. What are the offerings of MUDRA? How will MUDRA function?

Under the aegis of Pradhan Mantri MUDRA Yojana, MUDRA has already created its initial products / schemes. The interventions have been named 'Shishu', 'Kishor' and 'Tarun' to signify the stage of growth / development and funding needs of the beneficiary micro unit / entrepreneur and also provide a reference point for the next phase of graduation / growth to look forward to :

• a. Shishu : covering loans upto  50,000/-
• b. Kishor : covering loans above  50,000/- and upto  5 lakh
• c. Tarun : covering loans above  5 lakh to  10 lakh

MUDRA will be operating as a refinancing institution through State / Regional level intermediaries. MUDRA's delivery channel is conceived to be through the route of refinance primarily to NBFCs / MFIs, besides other intermediaries including Banks, Primary Lending Institutions etc.

At the same time, there is a need to develop and expand the delivery channel at the ground level. In this context, there is already in existence, a large number of 'Last Mile Financiers' in the form of companies, trusts, societies, associations and other networks which are providing informal finance to small businesses.

5. Who are the target clients of MUDRA / What kind of borrowers are eligible for assistance from MUDRA?

Non –Corporate Small Business Segment (NCSBS) comprising of millions of proprietorship / partnership firms running as small manufacturing units, service sector units, shopkeepers, fruits / vegetable vendors, truck operators, food-service units, repair shops, machine operators, small industries, artisans, food processors and others, in rural and urban areas.

6. Are Regional Rural Banks (RRBs) eligible for assistance from MUDRA?

Yes, MUDRA will be extending refinance support to RRBs for enhancing their liquidity.

7. What is the rate of interest charged by MUDRA?

MUDRA will be a refinancing agency which will extend its funds to Last Mile Financiers to enable them to reach out to the sector. Access to finance in conjunction with rational price is going to be the unique customer value proposition of MUDRA. It will use a variety of innovative financing means to bring down the cost of funding for the ultimate borrower.

8. I have a small business dealing in paper goods. Can MUDRA help me?

Yes. MUDRA will offer smaller loans upto  50,000/ under the 'Shishu' category and beyond  50,000 and upto  5 lakh under the 'Kishor' category. These products have been designed to cater to customers operating at the lower end of the enterprise spectrum. The loans will be extended through MFIs, NBFCs, Banks etc.

9. I have graduated recently. I want to start my own business. Can MUDRA help me?

MUDRA offers smaller loans upto  50,000/ under the 'Shishu' category and beyond  50,000 and upto  5 lakh under the 'Kishor' category. It also offers loans beyond 5lakh and upto  10 lakh under the Tarun category. Depending on your nature of business project requirement you can access finance from one of the intermediaries of MUDRA as per the norms.

10. I have diploma in food processing technology. I want to start my own unit. Please guide me.

Food Processing is an eligible activity for coverage under one of the MUDRA schemes. You can avail assistance under MUDRA schemes as per your requirements.

11. I am an artisan specialising in Jari work. I want to start my own work instead of doing job work for others. Can MUDRA help me?

You can avail assistance under the ‘Shishu’ category of Micro Credit Scheme of MUDRA through any of the MFIs operating in your region for setting up your own enterprise.

12. I have done a course on fashion designing. I want to open my own boutique and develop my own brand. What help can MUDRA offer to me?

MUDRA operates a special scheme for women entrepreneurs; viz; Mahila Uddyami Scheme. Assistance will be provided under all three groups, viz. 'Shishu', 'Kishor' as well as 'Tarun'.

13. I intend to work on franchisee model and open an ice cream parlour. Can MUDRA help me?

MUDRA operates a special scheme 'Business loans for Traders and Shopkeepers'. You can avail the facilities under the scheme as per your requirements.

14. I want to expand my pottery business by adding more variety and designs. What help can I get from MUDRA?

You can avail assistance under the 'Shishu' category of Micro Credit Scheme of MUDRA through any of the MFIs operating in your region for setting up your own enterprise.

15. Scope of PMMY & various types of loan available and which are the agencies that will provide loan?

Pradhan Mantri Mudra Yojana (PMMY) will be extended by all Public Sector Banks such as PSU Banks, Regional Rural Banks and Cooperative Banks, Private Sector Banks, Foreign Banks, Micro Finance Institutions and Non Banking Finance Companies. All loans upto a loan size of  10 lakh provided for non farm sector income generating activities since April 08, 2015 is treated as PMMY.

16. Who will monitor the implementation of PMMY?

Monitoring of PMMY will be done at the State level through SLBC forum and at national level by MUDRA / Department of Financial Services, Govt. of India. For this purpose, MUDRA has developed a portal, wherein the banks and other lending institutions directly feed their achievement details which is consolidated by the system and reports are generated for review.

17. Is there any scheme in Central/State Govt., which is applicable all over India, in which loan without guarantee is granted / the guarantors identity is checked?

Pradhan Mantri MUDRA Yojana (PMMY) is a Govt. of India Scheme, which enables a small borrower to borrow from banks, MFIs, NBFCs for loans upto  10 lakh for non-farm income generating activities. Generally, loans upto  10 lakh issued by banks under Micro Small Enterprises is given without collaterals.

18. Are opening of a school, carpentry and RO water plant installation eligible for the loan, If So, what is the maximum and minimum amount of loan?

Carpentry, RO water plant installation, on a business mode, and educational institution are eligible activities under MUDRA loan, if the loan amount is below  10 lakh. The primary requirement for being a MUDRA loan is to be a income generating activity under manufacturing, processing, trading and service sector and the loan amount is below  10 lakh.

19. What is the eligibility of persons for availing MUDRA loans?

Any Indian Citizen who has a business plan for a non-farm sector income generating activity such as manufacturing, processing, trading or service sector and whose credit need is less than  10 lakh can approach either a Bank, MFI, or NBFC for availing of MUDRA loans under Pradhan Mantri Mudra Yojana (PMMY). The usual terms and conditions of the lending agency may have to be followed for availing of loans under PMMY. The lending rates are as per the RBI guidelines issued in this regard from time to time.

20. Is there any subsidy under Pradhan Mantri Mudra Yojana (PMMY). If so details thereof?

There is no subsidy for the loan given under PMMY. However, if the loan proposal is linked some Government scheme, wherein the Government is providing capital subsidy, it will be eligible under PMMY also.

21. Kindly provide brief Profile of MUDRA.

MUDRA which stands for Micro Units Development and Refinance Agency Ltd. is a refinance agency and not a direct lending institution. MUDRA provides refinance support to its intermediaries viz. Banks / Micro Finance Institutions / Non Banking Finance Companies, who are in the business of lending for income generating activities in the non farm sector in manufacturing, trading and services sector and who in turn will finance the beneficiaries.

22. Can you provide information on MUDRA Card?

MUDRA Card is an innovative credit product wherein the borrower can avail of credit in a hassle free and flexible manner It will provide a facility of working capital arrangement in the form of CC/OD to the borrower. Since MUDRA Card will be a RuPay Debit Card, it can be used for drawing cash from ATM or Business Correspondent or make purchase using Point of Sale machine. Facility is also there to repay the amount as and when surplus is available, thereby reducing the interest burden.

Why is Narendra Modi making more foreign visits ?

Why is Narendra Modi making more foreign visits ???

1. Now Barack Obama and China supports India’s bid for permanent UNSC seat…..

2. $35 billion investment by Japan over a period of 5 years and along with it their expertise in making bullet trains……

3. Australia is set to sign a Nuclear Power deal with India to supply around 500 tonnes of Uranium to India……

4. Satya Nadella (Microsoft), Indra Nooyi (Pepsico), Sheryl Sandberg (Facebook), Jeff
Bezos (Amazon), Mark Zuckerberg (Facebook) discusses possible investments……

5. Israel inks $5 million deal for Joint Educational Research programme……

6. $20 billion investment from Xi and his Chinese counterparts……

7. 2 Billion Euros support from France for sustainable development in India……

8. Airbus to increase outsourcing in India from 400 million euros to 2 billion euros over the next five years……

9. French National Railways has agreed to co-finance an execution study for a semi- high speed project on upgradation of the Delhi-Chandigarh line to 200 kmph…….

10. Canada agrees to supply 3,000 metric tonnes of uranium to India from this year to power Indian atomic reactors…….

11. Japan and India agree to jointly produce mixed rare earth.

And While we are all yearning for a transformation, development, etc. There is
someone who is actually setting up the
infrastructure for it……

Marketing of ‘Brand India’ has never been so
important……

Number of days Modi stayed abroad touring
15 countries as a PM on official trips = 45……

Number of days Rahul stayed abroad (Bangkok) without informing his voters = 57…….

Now read the description below:
1. BJP Govt. convinced Saudi Arabia not to charge “On-Time Delivery 1 Premium charges” on Crude Oil – Young Petroleum Minister Dharmendra Pradhan & External Affairs Minister Sushma Swaraj sealed the deal. Saved the country thousands of crores… . .

2. India will build 4 Hydroelectric power stations + Dams in Bhutan (India will get lion’s share in Green energy that will be produced in future from these projects) . .

3. India will build Biggest ever dam of Nepal (China was trying hard to get that) – India will get 83% Green energy produce from that hydro power station for free – in future. . . . .

4. Increased relationship with Japan and they agreed to invest $ 30 Billion in DMIC (Delhi – Mumbai Investment Corridor)..

5. Increased strategic relationship with Vietnam and Vietnam has now agreed to give contract of Oil exploration to ONGC-Videsh (UPA was not ready to take this at all because they were worried about China – and getting into a conflict of interests on south China sea)

6. Increase Oil Imports from Iran, despite the ban by USA. . Iran agreed to sell in Indian Rupees and it saved our Forex, not just for now, but protected India from future currency fluctuations. India also gets to build “Chabahar” port of Iran, encircling Pakistan. Because we well have exclusive access for our Naval ships in this port.

7. Australia- despite Australia being a major supplier of Coal & Uranium. . . NaMo was able to convince Tony Abbott and now Australia will supply Uranium for our energy production. . .

8. China leaning President Rajapakse lost elections in Sri Lanka – Remember UPA lost “Hambantota” port development – read latest report of CIA, where they mention RAW has played a major role in power shift of Sri Lanka. Sri Lanka has backed out of Chinese contract and shifted to Indian project managers.

9. With China, as Trade Deficit was increasing, NaMo forced their hand. Anti-Dumping will come soon so China will invest heavily into India. – China has already committed $ 20 billion Investment in India. That’s nearly ₹140,000 crores.

10. On Security – I think adding Ajit Doval to his team is the best decision by NaMo. See the recent tie-up with Pentagon, Israel & Japan. . Now see how we stopped the Terror Boat and listen to his words … “Any Mumbai like attack from Pakistan and Pakistan will lose Baluchistan!” That’s the language of deterrence that I want to hear as an Indian. We won’t hit first, but if you do, we surely won’t turn the other cheek…. . . .

11. India approved the border road in the NorthEast and around India- China border – Remember just because of China’s opposition, the ADB (Asian Development Bank) didn’t give us funds during UPA regime and UPA held that file under “Environment Ministry control – Remember the infamous “JAYANTHI TAX “? No one bothered about the disastrous effect on our armed forces.

12. India managed to bring back 4,500+ Indians from War zone in Yemen and also brought foreign nationals of 41 different countries, which put India’s name onto the highest platform globally in conducting that rescue mission – PM Narendra Modi specially talked to the new Saudi Arabian king Salman and told him to allow Indian Airforce planes to fly – as Saudi Arabia was attacking on Yemen and Yemen skies was declared NO-FLY Zone: thanks to this we got an assured clear window of a few hours and guys guess who coordinated this? Ajit Doval, Sushama Swaraj and Gen V K Singh. All in person…. When was the
last time you ever heard of ministers involved personally in such efforts that didn’t fetch thousands of crores?? Guess the religion of those rescued?? But it isn’t secular.

13. India’s Air defense was getting weaker by the day, UPA was very happy to let it happen despite repeated specific inputs from the armed forces, NaMo renegotiated Rafale fighter Jets deal with France personally and bought 36 Jets on ASAP basis. At better than rack rates. No middlemen, no commissions…

14. For the first time after 42 yrs Indian
Prime Minister visited Canada not to attend some meeting but as a specific state visit, in a Bilateral deal, India was able convince to Canada to supply Uranium for India’s Nuclear reactors for next 5 years. It will be of great help to Resolve India’s Power problems. . . .

15. Canada approves visa on arrival for all Indian tourists. . . .

16. Till recently we were exclusively buying Nuclear Reactors from Russia or USA and it was much like beggar kind of situation because they were worried about usage of Nuclear reactor for some other use. So only what they opted to give us, we could get. . Now Narendra Modi was able to convince France and now France will make Nuclear reactors with the latest technology in India. On MAKE IN INDIA efforts.. with collaboration with an Indian company as a partner. . .

17. During 26th Jan. visit of Barack Obama , NaMo convinced USA to drop rule of Nuclear fuel tracking and sorted out Liabilities rules which now open the gates for next 16 Nuclear power plant projects. . . . Isn’t this good enough to improve the lot of India?

                                 

            prime ministerial trips made by                                    Narendra Modi 2015

1  Seychelles 10–11 March :- Modi's visit to Seychelles was part of his "Indian Ocean outreach" program. While there, he held talks with President James Alexis Michelin order to strengthen maritime ties and enhance bilateral development and cooperation

2  Mauritius 11–13 March :- Modi was the chief guest at the Mauritian National Day on 12 March

3 Sri Lanka 13–14 March :- Modi was scheduled to visit Sri Lanka earlier, in January 2015. He eventually made this visit from 13-15 March 2015, following newly-inaugurated Sri Lankan President Maithripala Sirisena's visit to New Delhi in February. During this trip, Modi also visited the city of Jafna in the Northern Province.

4 Singapore 29 March:- Prime Minister Modi attended the state-funeral of Lee Kuan Yew, the first Prime Minister of Singapore. There, at the sidelines, he met several world leaders including the Israeli President. It was his first visit to Singapore, and he is expected to visit again during the later part of the year for the golden jubilee celebration of India and Singapore's diplomatic relations

5  France 9–12 April :- During his visit, Prime Minister Modi encouraged French companies to participate in the Make In India programme in defense, civil nuclear power and food processing

6  Germany 12–14 April :-Modi had worked out a state visit to Berlin following his first meeting with German chancellor Angela Merkel. Modi had planned to work out a bilateral meeting between India and Germany earlier, in July 2014, while he spent 2 nights there on his onward and return journey to Brazil but this did not take place due to scheduling issues. Modi, most notably, visited Hannover where he pitched his Make in India campaign to various German industries

7  Canada 14–16 April :- Modi addressed a huge gathering of overseas Indians in Toronto, similar to his previous Madison Square Garden event

8  China 14–16 May :- Modi made his first visit to the People's Republic of China in May 2015. President Xi Jinping received Modi in Xi'an, his home town (akin to Xi'sAhmedabad trip last September, the home town of Modi), before official talks in Beijing

9  Mongolia 16–17 May:-Modi become the first Indian Prime Minister to visit Mongolia. During his visit, he boosted talks on the supplying of Mongolian Uranium to India.

10  South Korea 18–19 May:-Modi's visit to South Korea was part of India's East Asia policy and Modi's attempt to promote his Make in India concept to Korean investors.

11 Bangladesh 6-7 June :-Prime Minister Narendra Modi paid a State visit to Bangladesh from June 6 – 7, 2015 at the invitation of H.E. Sheikh Hasina, Prime Minister of Bangladesh. This visit, the Prime Minister’s first to Bangladesh, reflects the importance of the bilateral relationship between India and Bangladesh. During this visit, the Prime Minister discussed the ratification of te India-Bangladesh Land Boundary Agreement - 1974 & Protocol- 2011. The visit is expected to further expand the cordial and cooperative relationship between the two countries and strengthen the ties of friendship and trust between India and Bangladesh.

During the visit, Prime Minister will hold discussions with Prime Minister H.E. Sheikh Hasina. The Prime Minister’s programme will also include a call on the President of Bangladesh H.E. Mr. Md. Abdul Hamid

12  Uzbekistan 6 July:-

13  Kazakhstan 7 July :-

14  Russia 8–10 July:-This visit will be the Prime Minister's second BRICS summit after he took office as Prime Minister of India in 2014. This includes his first state visit to Moscow

15  Turkmenistan 10-11 July :- PM Modi visited Turkmenistan and other central Asian countries following his visit to Ufa, Russia for the BRICS summit.

16 Kyrgyzstan 12 July:-

17 Tajikistan 12-13 July:-

18  United Arab Emirates 16-17 August :-Prime ministerial visit to the gulf nation 34 years after Indira Gandhi

BOOKS AND AUTHORS

[1] Wings of Fire, Ignited Minds, Target 3 Million, The luminous Spark, India 2020, Mission India, Indomitable Spirit, The Life Tree, India My Dream, Inspiring Thoughts, Thoughts for Change, Spirit of India, Evolution of Enlightened Societies, You are Born to Blossom, Turning Point -------- A.P.J. Abdul Kalam

[2] The 3 Mistakes of My Life, Five Point Someone, Two States, Revolution 2020, One Night at the Call Center -------- Chetan Bhagat

[3] Inspired Talks, The Sleeping Giant, Living at the State, Way of the Saint, Jnana Yoga, Raja Yoga, My Master, Women of India, Vedanta Philosophy ----------- Swami Vivekananda

[4] Lipika, Chandralika, Chitra, Geethanjali, Gora, Ghare, Broken Ties, Malini, Sacrifice, Two Sisters , Bhaire, Chaturanga ------- Rabindranath Tagore

[5] Arthashastra ---------- Koutilya

[6] My Days, The Guide, Malgudi days, Waiting for the Mahatma, The Dark Room, The Bachelors of Art, The English Teacher, The Financial Expert ---------- R.K. Narayanan

[7] My Truth ----------- Indira Gandhi

[8] My Life in Action --------- Jackie Chan

[9] Glimpses of World History --------- Jawaharlal Nehru

[10] My Struggle ---------- E K Nayanar

[11] Ashtadhyayi --------- Panini

[12] Ayodhya --------- P. V. Narasimha Rao

[13] Bhagwad Gita, Mahabharata ------- Veda Vyas

[14] Ramayana -------- Valmiki

[15] Panchatantra -------- Vishnu Sharma

[16] Megdoot, kumarasambhava, Swapnavasavadatta,
Malavikagnimitra --------- Kalidasa

[17] Broken Wing -------- Sarojini Naidu

[18] End of the Era -------- C.S. Pandit

[19] Eternal India -------- Mrs. Indira Gandhi

[20] Imagining India ---------- Nandan Nilekani

[21] A Better India A Better World ------- N.R. Narayan Murthy

[22] Fasting, Feasting ------ Anita Desai

[23] Forty Nine Days ------- Amrita Pritam

[24] Golden Threshold -------- Sarojini Naidu

[25] Indian Philosophy --------- Dr. S. Radhakrishnan

BANKS TAGLINES

Public Sector Banks in India
(1) State Bank Group---------------------- Pure banking nothing else; With you all the way
(2) Allahabad Bank ------------------------- A tradition of trust
(3) Andhra Bank ------------------------------- Where India Banks
(4) Bank of Baroda ---------------------------- India’s international bank
(5) Bank of India ------------------------------- Relationships beyond banking
(6) Bank of Maharashtra ------------------- One family one bank
(7) Canara Bank ------------------------------- Together We Can
(8) Central Bank of India--------------------- Central to you since 1911
(9) Corporation Bank ----------------------- Prosperity for All
(10) Dena Bank ------------------------------- Trusted Family Bank
(11) IDBI Bank -------------------------------- Banking for All
(12) Indian Bank ----------------------------- Your tech friendly bank
(13) Indian Overseas Bank ------------------ Good people to grow with
(14) Oriental Bank of Commerce------------ Where every individual is committed
(15) Punjab National Bank ------------------ A Name you can Bank Upon
(16) Syndicate Bank -------------------------- Your faithful & friendly financial partner
(17) UCO Bank---------------------------------- Honours Your Trust
(18) Union Bank of India---------------------- Good People to Bank with
(19) United Bank of India --------------------- The Bank that begins with U
(20) Vijaya Bank ------------------------------ A Friend You can Bank Upon

PRIVATE SECTOR BANKS IN INDIA
(1) Axis Bank----------------------------------- Everything is the same except the name
(2) Bank of Rajasthan ----------------------- Dare to dream
(3) Catholic Syrian Bank -------------------- Support all the way
(4) Centurion Bank of Punjab ------------- To rejoice working, join us
(5) City Union Bank ----------------------- Trust and Excellence since 1904
(6) Dhanalakshmi Bank ---------------------- Tann. Mann. Dhan.
(7) Federal Bank ----------------------------- Your perfect banking partner
(8) HDFC Bank ----------------------------- We understand your world
(9) ICICI Bank----------------------------- Hum hain na!!
(10) IndusInd Bank -------------------------- We Make You Feel Richer
(11) ING Vysya Bank-------------------------- Jiyo easy
(12) Jammu & Kashmir Bank ---------------- Serving to Empower
(13) Karnataka Bank ------------------------- Your family bank across India
(14) Karur Vysya Bank ------------------------ Smart way to bank
(15) Kotak Mahindra Bank ----------------- Lets make money simple
(16) Laxmi Vilas Bank----------------------- The Changing Face of Prosperity
(17) Nainital Bank ------------------------- Banking with personal touch
(18) Saraswat Bank ------------------------ Service to the Common Man!
(19) South Indian Bank ------------------ Experience Next Generation Banking
(20) Yes Bank ------------------------------ Experience our expertise

FOREIGN BANKS IN INDIA
(1) ABN-AMRO Bank------------------------- Making More Possible
(2) Abu Dhabi Commercial Bank --------- Our Vision. Your Future.
(3) Bank of Ceylon -------------------------- BOC-the Bank you can trust
(4) BNP Paribas Bank ----------------------- The bank for a changing world
(5) Citi Bank -------------------------------- The Citi never sleeps
(6) China Trust Commercial Bank -------- We Are Family
(7) Deutsche Bank ----------------------- A Passion to Perform
(8) HSBC ---------------------------------- The world’s local bank
(9) JPMorgan Chase Bank ----------------- The right relationship is everything
(10) Standard Chartered Bank -------------- Your Right Partner
(11) Scotia Bank --------------------------------- You’re richer than you think

Full Forms

1. BSBDA - Basic Savings Bank Deposit Account
2. FCNR(B) - Foreign Currency Non-Resident Bank
3. TARC - Tax Administration Reform Commission 
4. ITEs: Intra-Group Transactions and Exposures
5. LCR: Liquidity Coverage Ratio
6. NSFR: Net Stable Funding Ratio
7. LRMT: Liquidity risk monitoring tools
8. CBS: Core Banking Solution
9. DEAF: Depositor Education and Awareness Fund
10. CRAR: Capital to Risk-weighted Assets Ratio
11. External Commercial Borrowings (ECB)
12. SWIFT: Society for Worldwide Interbank Financial Telecommunication
13. FSLRC: Financial Sector Legislative Reforms Commission
14. MIBOR: Mumbai Inter-Bank Offer Rate
15. LIBOR: London Inter-Bank Offer Rate
16. LAF – Liquidity Adjustment Facility
17. GIRO - Government Internal Revenue Order
18. EEFC - Exchange Earner's Foreign Currency
19. FRBMA: Fiscal Responsibility and Budget Management Act
20. ALM- Asset Liability Management
21. AMFI- Association of Mutual Fund in India.
22. TIEA – Tax Information exchange Agreement
23. CAR – Cash Adequacy Ratio
24. CCEA – Cabinet Committee on Economic Affairs
25. CECA - Comprehensive Economic Cooperation Agreement
26. CEPA – Comprehensive Economic Partnership Agreement
27. DTAA – Double Taxation Avoidance Agreement
28. DTC – Direct Tax Code
29. ECBs - External Commercial Borrowings
30. EEFC - Exchange Earner's Foreign Currency
31. EFSF – European Financial Stability Facility
32. FEMA- Foreign Exchange Management Act
33. FII – Foreign Institutional Investor.
34. FINO- Financial Inclusion Network Operation
35. FIPB – Foreign Investment Promotion board
36. FSLRC – Financial Sector Legislative Reforms Commission
37. FTA- Free trade agreement
38. GAAR - General anti avoidance rule
39. GSLV - Geo-Synchronous Launch Vehicle
40. MSF-Marginal Standing Facility
41. NBFC-Non Banking Finance Companies
42. NCTC - National Counter-Terrorism Centre
43. NEFT - National Electronic Funds Transfer
44. NSG – Nuclear Suppliers Group
45. PPP – Public Private Partnership & Purchasing Power parity
46. PSLV – Polar Satellite Launch vehicle
47. RTGS - Real Time Gross Settlement
48. SLR-Statutory Liquidity Ratio
49. TAPI - Turkmenistan-Afghanistan-Pakistan-India.
50. QFI -Qualified Foreign Investors

The Nobel Prize

                                  The Nobel Prize

The Nobel Prize in Physics 2014

                                                               1) shuji nakamura

                                                              

                                                               2) Isamu Akasaki

                                                               3) Hiroshi Amano

The Nobel Prize in Chemistry 2014

                                             1)William E. Moerner

                                                          

                                                         2) Stefan Hell   

                                                         

                                                         3)Eric Betzig

The Nobel Prize in Physiology or Medicine 2014

                                     1)John O'Keefe

                                         2)May-Britt Moser3

                                         

                                         3)Edvard I. Moser

The Nobel Prize in Literature 2014

                                         Patrick Modiano

The Nobel Peace Prize 2014

                                                               1) Kailash Satyarthi

                                                               

                                                               2)Malala Yousafzai

Economic Sciences        

                                                               Jean Tirole

CAG

                           CAG(Comptroller and Auditor General of India)

Shri Shashi Kant Sharma is current Comptroller and Auditor General of India

The Comptroller and Auditor General (CAG) of India( Hindi:भारत के नियंत्रक-महालेखा परीक्षक) is an authority, established by the Constitution of India under Chapter V, who audits all receipts and expenditure of the Government of India and the state governments, including those of bodies and authorities substantially financed by the government. The CAG is also the external auditor of Government-owned corporations and conducts supplementary audit of government companies, i.e., any non-banking/ non-insurance company in which the state and Union governments have an equity share of at least 51 per cent or subsidiary companies of existing government companies. The reports of the CAG are taken into consideration by the Public Accounts Committees, which are special committees in theParliament of India and the state legislatures. The CAG is also the head of the Indian Audit and Accounts Department, the affairs of which are managed by officers of Indian Audit and Accounts Service, and has over 58,000 employees across the country.

45Th goa international film festival of india 2014

              45Th goa international film festival of india 2014


Life Time Achievement Award :  Mr. WONG KAR WAI 

• Cash prize of Rs. 10,00,000/-, certificate, shawl and a scroll.

Indian Centenary Personality of the Year: Rajinikanth 

• Citation, a certificate, a medal (silver peacock), a shawl and a cash prize of Rs.10,00,000/-.

Centenary Award : EK HAZARACHI NOTE 

• Silver Peacock, certificate and cash prize of Rs.10,00,000/-

        
INTERNATIONAL COMPETITION AWARDS 

(i) Best Film : LEVIATHAN
Directors: Andrey Zvyagintsev
Producers : Alexander Rodnyanski & Sergey Melkumov 

• A Cash prize of Rs. 40,00,000/- to be shared equally between the Director and Producer.

(ii) Best Director : Nadav Lapid 
Film : THE KINDERGARTEN TEACHER

Certificate and a cash prize of Rs. 15,00,000/-

(iii) Best Actor (Male) : Alexel Serebriakov And Dulal Sarkar
Film : LEVIATHAN And CHOTODER CHOBI 

Silver Peacock, Certificate and a cash prize of Rs.10,00,000/- 

(iv) Best Actor (Female) : Alina Rodriguez And Sarit Larry 
Film : BEHAVIOR And THE KINDERGARTEN TEACHER

Silver Peacock, Certificate and a cash prize of Rs. 10,00,000/- 

(v) Special Jury Award : Shrihari Sathe
Film : EK HAZARACHI NOTE

Silver Peacock, Certificate and a cash prize of Rs. 15,00,000/-

foreign visits of prime minister narendra modi in 2014

Prime Ministerial trips of Narendra Modi

1 Bhutan :-

             currency of bhutan   -  Bhutanese ngultrum

             capital of bhutan     - Thimphu

             president of bhutan - Jigme Khesar Namgyel Wangchuck

                                    

                                      Modi made his first foreign visit to Bhutan following an invitation by King Jigme Khesar Namgyel Wangchuck and Tobgay. The visit was called by the media as a "charm offensive" that would also seek to check Bhutan-China relations that had recently been formalised.He also sought to build business ties, including a hydro-electric deal, and inaugurated the India-funded Supreme Court of Bhutanbuilding.While talking about the visit, Modi said that Bhutan was a "natural choice" for his first foreign destination because of the "unique and special relationship" the two countries shared. He added that he was looking forward to nurture and further strengthen India's special relations with Bhutan. His entourage included Foreign Minister Sushma Swaraj, National Security Adviser Ajit Doval and Foreign Secretary Sujatha Singh. He was further set to discuss the insurgency in Northeast India, and China.

2 Brazil :-

                    currency  -   Brazilian real

                          capital  -   Brasília

          president  -    Dilma Rousseff

                       In July 2014, he visited Brazil for his first multilateral visit, the 6th BRICS summit was held at the north-eastern beach city of Fortaleza.In the Fortaleza summit the group have agreed to establish a financial institution rivaling the western dominatedWorld Bank and IMF, The bank would be named the New Development Bank as suggested by the Indian side but Modi govt. failed to bag the bank's headquarter forNew Delhi, which would be located in Shanghai, China. Later the BRICS leader also attended an event in Brasilia where they met the UNASUR heads of government. At the same time, the Ministry of External Affairs added Spanish to its list of available languages, which the Hindustan Times read as "indicative of the government's intent to go beyond Europe, Asia and the US to forge diplomatic and trade ties with Latin American nations." He travelled there via Germany

3 Nepal :-

                currency   -­ Nepalese rupee

            president   - Ram Baran Yadav

                             capital   - Kathmandu

prime minister   - Sushil Koirala

                      Modi arrived for a two-day visit to Nepal on 3 August. The last visit of an Indian prime minister to Nepal was 17 years ago in 1997 by I. K. Gujral.^{[9][Note I]} The talks with Nepal were focused on reviewing the 1950's Treaty of Peace and Friendship, India-funded hydroelectricity projects in Nepal and other infrastructure projects in Nepal. Following Jana Andolan, that marked the beginning of constitutional democracy in 1990, Modi became the first foreign leader to address the Parliament of Nepal.^[11][12] The Western media read it as a shift in foreign affairs for India, as well as a Nepal policy shift.  He did puja at the fifth century Hindu Pashupatinath temple (where he donated Rs. 25 crores and the head priest, Mool Bhatta Ganesh Bhatta, said: "I told him that we see him as a mascot for Hinduism, and appreciate his efforts in saving Hindu culture").Further he pledged not to interfere in Nepal's internal affairs (following controversy of appointment of Indian priests at a Nepali temple, Modi announced a credit assistance programme of US$1 billion to Nepal and said "Nepal can free India of its darkness with its electricity. But [sic] we don't want free electricity, we want to buy it. Just by selling electricity to India, Nepal can find a place in the developed countries of the world." He also told Nepali MPs he wanted to turn India's "hostile borders benign and ultimately gateways for free trade and commerce...borders must be bridges not barriers." The Kathmandu Postreacted in writing: "Modi mantra warms Nepal's hearts."  The New York Times also suggested the lack of a meeting with former King Gyanendra signified that India would not support a return to monarchy despite the lack of a new constitution of Nepal. The commonality of a majority Hindu heritage was also played up

4 Japan :-

             Currency  - Japanese yen

               King   -  Akihito

                              Capital  - Tokyo

  prime minister  -  Shinzō Abe

                                    He visited Japan on a five-day official trip from 30 August to 3 September which is labelled as his fist bilateral state visit outside the subcontinent. His 2014 visit further strengthened the ties between the two countries, and resulted in several key agreements, including the elevating the already established strategic partnership to the "Special Strategic Global Partnership". During his visit official negotiations have progressed on the sale of US 2 amphibious aircraft for Indian Navy and the long pending civil nuclear agreements

5  United States

                       Currency – US dollar

                    president  -  Barack Obama

                 capital   - Washington, D.C.          

                                                 Modi delivered his maiden speech in the sixty-ninth session of the United Nations General Assembly on 27 September 2014, where he called for reform and expansion of United Nations Security Council including India's long standing demand of a permanent membership. He expressed his concerns over the relevance of a 20th century setup in 21st century and the need to evaluate UN's performance in the past 70 years. He had also argued why UN should serve as G-All for global governance instead of several parallel sub-groupings like G7, G20 etc. In the wake of ISIS threat in West Asia and similar in other parts of the globe he urged for immediate implementation of 'Comprehensive on International Terrorism' by the UN and offered India's pro-active role in it citing India as a victim of terrorism for decades. Prior to his speech he along with External Affairs Minister Swaraj met UN Secretary General Ban Ki-moon and discussed UN governance relating issues.^[23]Ridiculing the possibility of any multilateral intervention, a demand Sharif has made in his address at the UNGA on 26 September, on Kashmir related mater he stated that his govt is ready for 'bilateral talk' to Pakistan provided Pakistan should cultivate suitable environment for talks by giving up terrorism policy against India. Modi commented briefly on climate change and use of clean energy, in this regards he also asked world leaders and UN officials for observing Yoga Day, emphasizing the importance of incorporating Yoga in modern day life style. Modi fasted during aWhite House dinner in his honor.

             

6 Myanmar 

                   Currency - Burmese kyat

               president  - Thein Sein

            capital   - Naypyidaw

                       from November 11-13   2014   for  East Asia Summit

     7 Australia

                    Currency - Australian dollar

     Prime minister - Tony Abbott

              Capital - Canberra

   

                                   The Prime Minister of Australia is the highest minister of the Crown, leader of the Cabinet and head of government, holding office on commission from the Governor-General of Australia. The office of Prime Minister is, in practice, the most powerful political office in Australia. Despite being at the apex of executive government in the country, the office is not mentioned in the Constitution of Australia and it exists through an unwritten political convention.

By convention, the prime minister is the leader of the political party or coalition with majority support in the House of Representatives. However, there is no requirement that the prime minister sit in the House of Representatives, or even be a member of parliament. The only case where a member of the Senate was appointed prime minister was John Gorton, who subsequently resigned his Senate position and was elected as a member of the House of Representatives (Senator George Pearce was acting prime minister for seven months in 1916 while Billy Hughes was overseas).^[1]

The current Prime Minister is Tony Abbott, the leader of the Coalition and the Liberal Party of Australia, after the Coalition defeated the Australian Labor Party at the 2013 federal election.

   8   Fiji             

               Currency - Fijian dollar

          Capital  - Suva

      President   -  Epeli Nailatikau

                  In more than 33 years Modi became the first Indian head of government to visit Fiji after Indira Gandhi's visit in 1981.^[29] There he also attended a 'Forum for India-Pacific Island cooperation' along with leaders from all 14 Pacific islands nations

9 Nepal

                currency   -­ Nepalese rupee

            president   - Ram Baran Yadav

                             capital   - Kathmandu

prime minister   - Sushil Koirala