Some Useful information related with RBI and Banking sector - Study material for various departmental Examination

RBI was established on 1stApril 1935 and was nationalised on 1st January 1949.

Headquarters: Mumbai

It represents India at the IMF.

It is the Central Bank of India.

It is also known as the Banker's Bank.

Its first Governor was Sir Osbourne Arkall Smith and its first Indian Governor was C. D. Deshmukh (1943).

Bank rate, Open Market operations, SLR and CRR are the instruments of monetary Policy of RBI.

RBI has several banking functions  like; 1) Issue of currency notes,2) act as government’s bank 3) act as Banker’s bank,4) custodian of Foreign Exchange  Reserves,5) to manage public debt 6) to stabilise the value of money, etc.

Notes and coins in circulation  cash with banks + demand deposits + other deposits with RBI are called narrow money.

It is a member bank of the Asian Clearing Union.

The Reserve Bank of India has branch offices at most state capitals and at a few major cities in India total of 18 places

The first bank of limited liability managed by Indians was Oudh Commercial Bank founded in 1881.

SBI is the largest public sector bank in India.

The First Presidency Bank is the Bengal Presidency Bank (1806).

First Insurance Company - The calcutta Insurance Company

First Indian Life Insurance Company - Bombay Mutual Life Assurance Society

In 1955 Imperial Bank was nationalised and named as State Bank of India.

The National Housing Bank, the apex institution of housing finance in India, was set up as a wholly owned subsidiary of the Reserve Bank of India

The term “Plastic Money” means credit cards.

The National Bank for Agricultural and Rural Development was set up in July 12, 1982.

The first nationalisation of banks took place on July 19, 1969

The second nationalization took place in 1980

In 1885, saving bank system  introduced in India.

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Study material for Group B and IPO Examination

ALL INDIA SERVICES  Indian Administrative Service (IAS) is the administrative civil service of the Indian government. (1947)

Indian Police Service (IPS) (1947)

Indian Forest Service (IFS) ( 1966)

There are 34 group ‘A’ Central Services and 25 group ‘B’ Central services.

The present system of recruitment is based on the recommendations of Macaulay  committee (1854), Kothari Committee (1974) and Satish Chandra Committee (1988)

The latest Commission on Civil Services is Hota Commission.

Art.312 allows the Rajya Sabha to create any other All India Services with two by third majority.

The recruitment to these services is made through the Union Public

Service Commission on the basis of the annual Civil Services  Examination.

Central Vigilance Commission Established in 1964 on the recommendation of the Santhanam Committee on prevention of Corruption (1962-64)

In 2003, statutory status was given to the C.V.C.  Central Vigilance Commissioner and other two commissioners appointed by the President on the recommendation of a three - member committee.

(Prime Minister, Home Minister and Leader of Opposition in the Lok Sabha) It conduct  enquiry into the corruption cases against Civil Servants on a reference by the Central Govt. (All India servants, Class ‘A’ servants of Central Govt., Specified level of Officers)

It enjoys the powers of a Civil Court.

Union Public Service Commission (Article 315-323)  The Constitution provides  that there shall be a Public Service Commission for each state and for Unions.

The Chairman and other members of the UPSC are appointed by the President.

The members of the UPSC are appointed for a term of six years or till they attain the age of 65 years.

UPSC Chairman :D.P.Agrawal  SPSC (State Public Service Commission) - Chairman and members are appointed by the Governor. But they can be removed only by the president (and not by the governor).

The members of the SPSC are appointed for a term of six years or they attain the age of 62 years whichever is earlier.

The UPSC is entrusted with the selection of candidates to higher civil services.

SSC (Staff Selection Commission)  is a centralised agency responsible for recruiting personal to middle and lower services of Central Government.

SSC established in 1975.

Administrative Tribunals  The 42nd Constitutional Amendment Act in 1976 introduced Article 323 A, enabling the setting up of Central and State Administrative tribunals, to adjudicate cases related to recruitment, promotion, transfer and conditions of service of persons appointed the public services of the Union and the State Governments.

In pursuit of the provision, the Parliament enacted the Administrative tribunal Act,  1985 to set up Central  Administrative Tribunal (CAT)

By a notification, the service matters related to employee of the Public Sector Undertaking (PSUs) can be brought under  the CAT or SATs, as the case may be.  Many States are also provided with the State Administrative Tribunals.  The  Chairman and the Vice-Chairman of the tribunal enjoys the status of a High court  judge and his/her retirement age is 65 years.

The Chairman must be a judge of the High Court or one who served for at least two years  as the High Court Judge or the  Vice-Chairman of Tribunal.   The President appoints the  Chairman and other members  of the CAT and the SATs after consulting the Chief Justice of India.

Collected by  S   Jayachandran ,  SA , Divisional Office , Mavelikara ,690101 9961464279 Please visit  http://nfpemavelikaradivision.blogspot.com

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condolences

Sri Madhusoodanan, SPM , Pennukkara  Post  Office and organising secretary of P3 Union  NFPE Mavelikara Division  passed away on Friday night (18.05.2012) after suffering a heart attack. The  NFPE Mavelikara  Division  dips its flag in salute and conveys heartful condolences to the bereaved family.

Some useful information - Study material for various departmental Examination

First Presidential election – 1962, to elect Dr. Radha Krishnan First acting President – V.V. Giri  Longest term in office – Dr. Rajendra Prasad (12 years)  Shortest term in Office – Dr. Zakir Hussain  Oldest President in Office – R. Venkata Raman (76 years)  Youngest president in office – Neelam Sanjiva Reddy (64 years)  Acting Presidents – V.V. Giri, Justice Mohammad Hidayatullah, B.D. Jatti.  Died while in office – Dr. Zakir Hussain, Fakhruddin Ali Ahmed.  Only Chief Justice to act as president – Justice Hidayatullah.  42nd amendment states that the President is bound by the advice of the council of ministers. 44th amendment states that the President can ask the council of ministers to reconsider its advice.  Disputes regarding presidential/vice-presidential election are decided by the Supreme Court.

Youngest Prime Minister of India: Rajeev Gandhi  The Prime Minister who ruled for the short term: Charan Singh  Oldest to be the Prime Minister. Morarji Desai  First woman prime minister of India: Indira Gandhi  (Sirimavo Bandaranaika of Sri Lanka was the first woman prime minister in the world). Prime Minister who did not face parliament: Charan Singh  First acting Prime Minister: Gulzarilal Nanda (Interim PM on two occasions - After the demise of Jawaharlal Nehru and again after the sudden demise of Lal Bahadur Sasthri)  Longest term as Prime Minister: Jawaharlal Nehru  Shortest term as Prime Minister: A.B. Vajpayee  First Bachelor Prime Minister: A.B. Vajpayee  First minority Government: V.P. Singh government  First non-Congress government: Morarji Desai government (Janatha Party)

First Union Cabinet (Important Persons) Prime Minister ................................................. Jawaharlal Nehru Deputy Prime Minister .......................................... Vallabhai Patel Home Minister ...................................................... Vallabhai Patel Finance Minister ..................................... RK.Shanmugham Chetti Industry Minister ............................................M. Visweswaraiha Defence Minister .................................................... Baldev Singh Railway Minister ......................................................... L.B. Sastri External Affairs Minister ................................... Laxmi N. Menon. Education Minister .........................................Abdul Kalam Azad Health Minister ..... Rajkumari Amrit Kaur (Princess of Kapurthala) Law Minister .................................................. Dr. B.R. Ambedkar

Lok Sabha General Election 1st Lok Sabha ..................... 1951 2nd Lok Sabha .................... 1957 3rd Lok Sabha .................... 1962 4th Lok Sabha .................... 1967 5th Lok Sabha .................... 1971 6th Lok Sabha .................... 1977 7th Lok Sabha .................... 1980 8th Lok Sabha .................... 1984 9th Lok Sabha .................... 1989 10th Lok Sabha ................... 1991 11th Lok Sabha ................... 1996 12th Lok Sabha ................... 1998 13th Lok Sabha ................... 1999 14th Lok Sabha .................. 2004 15th Lok Sabha ................... 2009

Lok Sabha Constituencies in states Delhi (State) ........................................................................ 7 Andhra Pradesh ................................................................. 42 Arunachal Pradesh .............................................................. 2 Assam ............................................................................... 14 Bihar .................................................................................. 40 Chandigarh (Union Territory) ............................................... 1 Chhattisgarh (State) ........................................................... 11 Dadra and Nagar Haveli (Union Territory) ............................ 1 Daman and Diu (Union Territory) ......................................... 1 Andaman and Nicobar Islands (Union Territory) .................. 1 Goa ..................................................................................... 2 Gujarat ............................................................................... 26 Haryana ............................................................................. 10 Himachal Pradesh ................................................................ 4 Jammu and Kashmir ............................................................. 6 Jharkhand .......................................................................... 14 Karnataka ........................................................................... 28 Kerala ................................................................................ 20 Lakshadweep (Union Territory) ............................................ 1 Madhya Pradesh ................................................................ 29 Maharashtra ....................................................................... 48 Manipur .............................................................................. 2 Meghalaya .......................................................................... 2 Mizoram .............................................................................. 1 Nagaland ............................................................................ 1 Orissa ................................................................................ 21 Puducherry (Union Territory) ............................................... 1 Punjab ............................................................................... 13 Rajasthan ........................................................................... 25 Sikkim ................................................................................. 1 Tamil Nadu ......................................................................... 39 Tripura ................................................................................ 2 Uttarakhand ........................................................................ 5 Uttar Pradesh ..................................................................... 80 West Bengal ....................................................................... 42

1. First empire to define and demarcate civil and criminal law - Gupta Empire 2. First Court ( of judicature) was established in Calcutta on August , 1672 3. The First Law Commission was constituted in 1834 under the Charter Act of 1833. It was chaired by Lord Macaulay. 4. First I.P.C. and CRPC were introduced in Bengal in 1862 by John Beames. 5. The First Federal Court established in 1937. Sir. Maurice Gwyer was the first Federal Court chief justice. 6. Supreme Court was established on March 26, 1774 in Calcutta as a result of Regulating Act of 1773. 7. Oldest High Court - Calcutta High Court (1862) 8. First Indian High Court Judge - Shambhunath Pandit. 9. Youngest Judge - Prasanta Behari Mukherjee at the age of 38. 10. High Court with most judges - Allahabad High Court (60 Judges) 11. First Woman Chief Justice (High Court) - Justice Leila Seth (Delhi) 12. First Indian President of International Court of Justice- Dr. Nagendra Singh (First Indian recipient of World Justice Award) 13. First Chief Justice of Independent India - Justice Harilal J. Kania. 14. First Woman judge of Supreme Court- Meera Sahib Fatima Beevi. 15. First woman judicial officer - Anna Chandy 16. First woman advocate - Cornelia Sorabji 17. “Green Bench” decides on environmental issues. (set up by the Calcutta Court) 18. First Law giver - Manu 19. Largest prison - Tihar Jail.

Collected by  S  Jayachandran, SA, Divisional Office , Mavelikara Division-690101 Please visit  http://nfpemavelikaradivision.blogspot.com

Turning points of Indian Postal Services

Details	Year
Postmaster General office was opened	1774
The postmaster’s  appointment  in presidency post Offices	1837
The postage stamp  was introduced	1852
The  service stamp was introduced	1867
The parcel system started was introduced	1870
V P P  system started was introduced	1871
Insured postal article service was  started	1878
The postcard system was started	1879
Money order system was started	1880
Postal life insurance was started	1883
Reply post card was introduced	1884
The postal savings bank system was started	1885
Postal order  was introduced	1894
The first mail motor van was introduced	1905
Railway mail service was started	1907
Air mail service was started	1911
Postal savings certificates were issued	1917
Pin code system was introduced	1972
The speed Post service was introduced	1986
Rural PLI  was introduced	1995
Retail Post was introduced	2000
Greeting Post was introduced	2000
Senior  Citizen scheme was introduced	2004
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Branch Postmaster passed IAS Exam in First Attempt

Selvi S. ArunaDevi, a GDS BPM Uralpatti BO A/W Komaralingam SO Under Udamalpet HPO, Coimbatore Region, Tamilnadu  has come out successful in all forms of IAS Examination ( Preliminary,Main and Interview ) in a single attempt. 

She did her school studies in a rural school and college studies in a private College at Udamalpet. She is brought up in a poor family background. She prepared for the IAS on her own without any coaching. A very poor GDS from a rural background , studied not in reputed city institutions and without any coaching, coming out successful in IAS is a great achievement. Wishes can be shared thro her mobile No. 96594 90913 / 7502921049.

 

Source  : http://postalinspectors.blogspot.in/