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LECTURE 27
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Fast Track series for RBI Gr B and NABARD Gr A 2019
Economics and Social Issues (ESI) Current Finance Current Affairs for RBI and
Affairs for RBI and NABARD 2019 NABARD 2019
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Fast Track series for RBI Gr B and NABARD Gr A 2019
Our results
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TOPIC
ESI in news
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Bhuseva Portal
Bhuseva portal will provide information related to all transactions of a particular land or property in a single source
The history of transactions will be available initially for the last 12 years then for the last 15 years which is authentic
information and authorised by the competent authority and will be available at wwwbhuseva.ap.gov.in.
Bhudaar Code
The Bhudaar is an 11-digit unique identification code to be assigned to each agriculture land holding and rural and
urban property
The temporary Bhudhaar is assigned based on valid textual data of an agriculture land holding or rural or urban
property starting with 99 which indicates it is temporary Bhudaar
Temporary Bhudaar numbers are issued to lands under dispute or litigation or in the process of re-registration
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Key Findings of the Report
• According to the report , India has recorded the highest average real wage growth in South Asia during
2008-17
• Workers in Asia and the Pacific have enjoyed the highest real wage growth among all regions over the
period 2006—17, reflecting more rapid economic growth than in other regions
• In South Asia, India led the average real wage growth in 2008—17 at 5.5 against a regional median of 3.7.
Following India was Nepal (4.7), Sri Lanka (4), Bangladesh (3.4), Pakistan (1.8) and Iran (0.4)
• The report states that wages have grown higher and faster in less well-off countries last year than in richer
nations, but salaries are still far too low in the developing world
• Pay has risen by just 0.4 per cent during last year in advanced economies, but grew at over four per cent in
developing countries
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This is a mega logistics event , being organized by the Federation of
Indian Export Organisations (FIEO) as a major initiative to improve
logistics cost effectiveness and operational efficiencies for India’s
global trade
Logix India will enable effective international trade logistics and help
provide efficient and cost-effective flow of goods on which other
commercial sectors depend
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TOPIC
Finance in news
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What is a Non-Banking Financial Company?
A Non-Banking Financial Company (NBFC) is a company engaged in the business of loans and advances,
acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or
other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit business
NBFCs does not include any institution whose principal business is that of agriculture activity, industrial
activity, purchase or sale of any goods (other than securities) or providing any services and
sale/purchase/construction of immovable property
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PAiSA is launched as an effort by the government to connect
directly with the beneficiaries, ensuring that there is greater
transparency and efficiency in delivery of services
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The protocol amending Double Taxation Avoidance Agreement (DTAA)
aims to update the provisions on exchange of information of the DTAA to
the latest international standards
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What is Double Taxation Avoidance Agreement (DTAA)?
Its key objective is that tax-payers in these countries can avoid being taxed twice for the same income , thus
providing a relief from double taxation
A DTAA applies in cases where a tax-payer resides in one country and earns income in another.
DTAAs can either be comprehensive to cover all sources of income or be limited to certain areas such as
taxing of income from shipping, air transport, inheritance, etc.
India has DTAAs with more than eighty countries, of which comprehensive agreements include those with
Australia, Canada, Germany, Mauritius, Singapore, UAE, the UK and US and now China
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MCQs
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MCQs
Q1. Bhudaar , a unique land identification code has been launched y which of the
following states ?
a) Andhra Pradesh
b) Punjab
c) Gujarat
d) Rajasthan
e)Haryana
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MCQs
Q2. Global wage report is released by which of the following organizations?
a) WTO
b) IMF
c) ILO
d) UNCTAD
e) UNDP
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MCQs
Q3. Logix India was recently in news . It is a ________?
a) Logistics Report
b) Logistics event
c) Web portal
d) Trade fair
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MCQs
Q4. PAiSA Portal for interest subvention has been launched by which of the following?
a) Ministry of Finance
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MCQs
Q5. India has recently amended its Double Taxation Avoidance Agreement(DTAA) with
which of the following major countries?
a) USA
b) Russia
c) Japan
d) China
e) Singapore
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MCQs
Solutions
Q1. - a
Q2. - c
Q3. - b
Q4. - e
Q5. - d
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