www.UPSCPORTAL.com : "Today's Important News: 19 April 2012" plus 5 more

Today's Important News: 19 April 2012
(Interview) UPSC Interview By Prashant Patil (Dr. Purushottam Agarwal)
(Jobs) Recruitment of Assistant Provident Fund Commissioner at Union Public Service Commision, April 2012
(Current Affairs) Awards and Prizes | May: 2012
(QUIZ) Economy MCQs: Fiscal System : (Paper -1)
(Study Material for IPS LCE) Socio Economic Development in India: Financial Inclusion, Financial Deepening And Economic Growth

Today's Important News: 19 April 2012

Posted: 19 Apr 2012 06:04 AM PDT

Today's Important News (19-04-2012)

The Hindu

National:

Supreme Court upholds Election Commission criteria for recognition of political parties

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(Interview) UPSC Interview By Prashant Patil (Dr. Purushottam Agarwal)

Posted: 19 Apr 2012 03:49 AM PDT

UPSC Interview By Dr. Purushottam Agarwal

My interview was on 28 April 2011 in morning session at Dholpur House, UPSC. I appeared before the panel with Dr. Purushottam Agarwal as Chairman. I was 4^th in line for appearing before board. Here I would like to share with you interesting thing. When I entered the Historic dome ceiling waiting hall for interview candidates I was assigned the same round table no. 13 that I was assigned in 2009 interview. So I got strange feeling that this interview also I will perform fairly and may miss selection narrowly like last year. But I remembered almighty and prayed for the best…cheered myself.. and started rushing through newspapers..

Interviews started at around 10.20 am.. when 3^rd candidate went in after some time I was taken to corridors and asked to sit on chair outside interview room. I was feeling my impounding heartbeats and finally candidate came out of room. I saw towards his face.. he was normal..n he smiled little. I felt confidant and got up from chair it was 11.45 am...attendant opened the door and I entered the room and wished good morning sir , good morning madam..( chairman was at center and 2 members on each side including 1 lady member.)

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(Jobs) Recruitment of Assistant Provident Fund Commissioner at Union Public Service Commision, April 2012

Posted: 19 Apr 2012 03:07 AM PDT

UNION PUBLIC SERVICE COMMISSION

VACANCY NO. 12045103714

INVITES ONLINE RECRUITMENT APPLICATIONS (ORA*) FOR RECRUITMENT BY SELECTION TO THE FOLLOWING POST

Organization: Employees Provident Fund Organization ( EPFO)

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(Current Affairs) Awards and Prizes | May: 2012

Posted: 18 Apr 2012 11:57 PM PDT

Awards and Prizes

59th National Film Awards
Bihari Puraskar
84th Academy Awards
54th Annual Grammy Awards
65th Annual British Academy Film Awards
The National Tourism Award 2010-11
21st Vyas Samman
Lata Manageshkar Award
V. Shantaram Life Time Achievement Award
Green Globe Award
Skoll Award For Social Entrepreneurship
Scopus Award
G.D. Birla Award
Sant Gadge Baba Award Initiated

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(QUIZ) Economy MCQs: Fiscal System : (Paper -1)

Posted: 18 Apr 2012 11:49 PM PDT

Questions:	10
Attempts allowed:	Unlimited
Available:	Always
Pass rate:	75 %
Backwards navigation:	Allowed

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(Study Material for IPS LCE) Socio Economic Development in India: Financial Inclusion, Financial Deepening And Economic Growth

Posted: 18 Apr 2012 11:49 PM PDT

Important Materials on Socio Economic Development in India for IPS LCE Examination
Financial Inclusion, Financial Deepening And Economic Growth

Courtesy: Ministry of Information and Broadcasting publication division

Financial Inclusion, Financial Deepening And Economic Growth

We are justifiably proud of our robust and resilient financial system that has over the years, grown in size and complexity. The financial system today encompasses a host of institutions including 75,170 branches of commercial, mainly public sector banks across the country; 15,612 branches of 82 Regional Rural Banks; 14,000 or so cooperative bank branches; 95, 626 outlets of Primary Agricultural Credit Cooperative societies, NBFCs mutual fund companies et al,yet the problem of exclusion from access to formal financial services is so acute that despite the penetrative outreach of the financial system 50% of the country is unbanked. (Source: Report on Trend and Progress of Banking in India, 2010.) With the access of banking services being limited in rural areas, the reliance on informal sources of finance is considerably high. Further, the divide across various geographical regions too is significant in terms of access to banking services. The western, southern and northern regions have been far ahead of the north-eastern, eastern and central regions not only in terms of branch intensity but also in terms of per capita deposit/credit. Thus moving towards universal financial inclusion is our national commitment and RBI's policy priority. Financial access is necessary as it enables access to financial services like savings, credit, remittance, insurance, pensions from formal financial institutions at cheaper cost. Taken together this enables movement from the margin to the mainstream. It allows a paper trail of transactions effected through the banking system and thus curbs illegal transactions. The inhibitors to this process are the small ticket character of loans. Low value, high volume nature of transactions in the penny economy make administration of loans and recoveries costly .Once appropriate technological solutions are in place technology can be leveraged effectively to leapfrog the barriers of geography.RBI emphasises a bank led model of financial inclusion relying on ICT solutions.

Table: Percentage share of debt of households from various sources

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Source	Rural	Urban
Formal sources	57.1	75.1
Of which, Cooperatives	27.3
Commercial banks	24.5	29.7
Informal sources	42.9	24.9
Of which, Professional Moneylenders	19.6
Professional moneylenders	19.6	13.2
Traders	2.6	1.0
All sources	100.0	100.0

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Thursday, 19 April 2012