Monday, May 19, 2014

schedule of Examination (Paper I) for the following Postal Circles is as follows:

Postal Circles

Exam Date

Exam Time

Uttar Pradesh (30)

01-June 2014

11:00AM to 01:00 PM

Gujrat (16)

01-June 2014

02:00 PM to 04:00 PM

Candidates may download the Admit Cards for above stated Postal Circles by Logging into the website.  Please keep visiting the website for exam schedules for other Postal Circles & updates. 

Candidate is to make sure that his/her Photo is printed on the downloaded Admit Card.  If the PHOTO is missing, candidate may download the Admit Card again.  If Photo is still found missing, please report the problem on the admitcardhelpdesk.dopexam@gmail.com

Update as on May 19, 2014

Answer Key of Paper I conducted on April 27, 2014 at Chhattisgarh Postal Circle (13) is now accessible.  Candidates may Login to view & post observations, if any, till May 22, 2014. 

Update as on May 13, 2014

Postal Circles

Exam Date

Exam Time

Andhra Pradesh (11),

West Bengal (32)

25-May 2014

02:00 PM to 04:00 PM

Candidates may download the Admit Cards for above stated Postal Circles by Logging into the website. Please keep visiting the website for exam schedules for other Postal Circles & updates. 

Wednesday, April 2, 2014

The decade-long wait is finally over, with the
Reserve Bank of India (RBI) on Wednesday deciding to grant fresh banking licences to
two entities out of the 25 applicants.  But industrial houses will be
disappointed as the central bank has chosen to ignore them. 

After
the Election Commission have its go ahead on Tuesday, RBI’s committee of
central board met on Wednesday morning to deliberate on the two names that
were placed before it for approval. 

The
two entities which made the cut areIDFC, a diversified financial services firm with a special
focus on infrastructure financing, andBandhan,
the country’s largest micro lender based in Kolkata. 

The
two entities will get one and a half years to commence operations, failing
which their licences could be cancelled by the central bank.  The central bank will also
consider the application of India Post, but under a separate process to be
carried out in consultation with the government. 

The
RBI statement said some of those entities who did not qualify in this round
for a full-fledged banking
licence could well apply in future rounds or
could apply for differentiated licences under the proposed framework. 

“The
“in-principle” approval granted will be valid for a period of 18 months
during which the applicants have to comply with the requirements under the
guidelines and fulfil the other conditions as may be stipulated by the RBI,”
the banking regulator said, adding that after being satisfied with the
entities of compliance with the norms, licence will be given for commencement
for banking operations. 

“Until
a regular licence is issued, the applicants would be barred from doing
banking business,” the RBI said. 

The
bank licence process was started with the objective of promoting financial
inclusion in February 2010 following a Budget announcement by former Finance
Minister and now President Pranab Mukherjee.  Three years later, the RBI
released the final guidelines on licensing norms in February 2013.  The
deadline for submission of applications was July 1, 2013. 

A
total of 25 applicants, ranging from business conglomerates like the Birlas,
the Anil Ambani group, Larsen & Toubro and Bajaj to non-banking financial
companies like LIC Housing Finance and Edelweiss applied for the coveted
licence.  Another micro lenders, Janalakhsmi, also applied. 

The
move comes despite stiff opposition from the country’s main opposition, the
Bharatiya Janata Party, which wanted the RBI to wait till the new government
is formed after the election results next month. 

The
RBI had set up a high-level advisory committee under the chairmanship of
former central bank governor Bimal Jalan to scrutinise the 25 applications. 
As suggested by the panel, the RBI has also ignored candidates which are
under the glare of investigative agencies in scams like airwave spectrum
auction and coal block allocation. 

Interestingly,
the Tata group withdrew its application citing stringent norms that
stipulates a non-operative financial holding company structure. 

In
the last round of licensing, two new entities, Kotak and Yes Bank, were
allowed to enter the banking sector in 2003-04.The
central bank has already said that from now on, issuance of banking licence
will not be a once-in-a-decade affair.  The RBI will fine-tune the guidelines
and licences will be given on tap.  There will also be differentiated
licensing for entities such as payments banks, which are very different from
universal banks. 

The undersigned is directed to refer to this Ministry’s Office Memorandum No. I-8/2013-E-II (B) dated 25th September, 2013 on the subject mentioned above and to say that the President is pleased to decide that the Dearness Allowance payable to Central Government employees shall be enhanced from the existing rate of 90% to 100% with effect from January, 2014. 

2.  The provisions contained in paras 3, 4 and 5 of this Ministry’s O.M. No.1(3)/2008-E-11(B) dated 29th August, 2008 shall continue to be applicable while regulating Dearness Allowance under these orders. 

3.  The additional installment of Dearness Allowance payable under these orders shall be paid in cash to all Central Government employees. 

4.  The payment of arrears of Dearness Allowance shall not he made before the date of disbursement of salary of March.  2014. 

5.  These orders shall also apply to the civilian employees paid from the Defence Services Estimates and the expenditure will be chargeable to the relevant head of the Defence Services Estimates.  In regard to Armed Forces personnel and Railway employees, separate orders will he issued by the Ministry of Defence and Ministry of Railways, respectively. 

6.  In so far as the employees working in the Indian Audit and Accounts Department are concerned, these orders are issued with the concurrence of the Comptroller and Auditor General of India. 

1.  The Jataka Tales were composed in the ancient language of A .Sanskrit B. Brahmi C. Greek D. Pali Correct Answer: D 2.  Who is the he...

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