Pradhan Mantri garib Kalyan Yojana

Name of the Scheme :

• This Scheme may be called the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016.

Date of Commencement of Pradhan Mantri Garib Kalyan Yojana 2016 :

• It shall come into force on such date as the Central Government may, by notification, in the Official Gazette, appoint.

Tax Payable under Pradhan Mantri Garib Kalyan Yojana 2016 :

• The declarant under this regime shall be required to pay tax @ 30% of the undisclosed income. [section 194D(1)] .Amount of Tax paid shall not be refundable. [Section 199K]

Penalty Payable under Pradhan Mantri Garib Kalyan Yojana 2016 :

• The declarant under this regime shall be required to pay penalty @10% of the undisclosed income.[section 194E] . Amount of penalty paid shall not be refundable. [Section 199K]

Surcharge Payable under Pradhan Mantri Garib Kalyan Yojana 2016 :

• The declarant under this regime shall be required to pay a surcharge to be called ‘ Pradhan Mantri Garib Kalyan Cess ’ @33% of tax.. [section 194D(2)] .Amount of Surcharge paid shall not be refundable. [Section 199K]

Lock in Period of Deposit under Pradhan Mantri Garib Kalyan Yojana 2016 :

• The declarant shall have to deposit 25% of undisclosed income in a Deposit Scheme to be notified by the RBI under the ‘ Pradhan Mantri Garib Kalyan Deposit Scheme, 2016 ’.
• This amount shall be deposited before the filing of declaration.The deposit shall bear no interest and the amount deposited shall be allowed to be withdrawn after four years from the date of deposit and shall also fulfil such other conditions as may be specified in the Pradhan Mantri Garib Kalyan Deposit Scheme, 2016.[section 194F]This amount is proposed to be utilised for the schemes of irrigation, housing, toilets, infrastructure, primary education, primary health, livelihood, etc., so that there is justice and equality.

Time for making declaration under Pradhan Mantri Garib Kalyan Yojana 2016 :

• Any person may make declaration on or after the date of commencement of this Scheme but on or before a date to be notified by the Central Government in the Official Gazette.

Window scheme for declarants of undisclosed income

First is a 50% tax rate on those who declare undisclosed income. This 50% comprises of:

(a) 30 percent tax

(b) 33% cess called ‘Pradhan Mantri Garib Kalyan Cess’ (33% of 30%; this means a total of 10%).

(c) 10 percent penalty

Total tax rate is (30 + 10+ 10) = 50%.

Besides, the declarants must put the 25% of their disclosed amount in a social security scheme. This will be locked for four years. For channelizing this 25%, a deposit scheme is to be notified by the RBI under the ‘Pradhan Mantri Garib Kalyan Deposit Scheme, 2016’.

The deposit amount is proposed to be utilised for the schemes of irrigation, housing, toilets, infrastructure, primary education, primary health, livelihood, etc. For this, the existing Pradhan Mantri Garib Kalyan Yojana will be modified as an antipoverty and development programme.

(B) Higher tax rate for under-reporting/misreporting of income

A steep tax rate of 60% (comprising basic 30% rate, cess and surcharge) plus 15% from surcharge (25% surcharge means 25% of 60). The tax rate thus becomes 75%. The assessing officer can impose 10% penalty and the total tax rate becomes 85%.

Pradhan Mantri Garib Kalyan Yojana was launched in April 2015, aims to improve the living standard of the poor people especially those who are BPL through concrete government initiatives. The Programme’s working was to engage poor people through workshops where poor can attend.

The old format may not be followed under the PMGKY Cess. More actions and programmes can be expected as the scheme gets sufficient funding through the cess.

lucky Grahak Yojana, Digi Dhan Vyapar Yojana -Digital Payment (RBI ASSISTANT) 2017

• These schemes aim to give cash awards to consumers and merchants who utilize digital payment instruments for personal consumption expenditures.
• They will specially focuses on bringing the poor, lower middle class and small businesses into the digital payment fold. National Payment Corporation of India (NPCI) will be the implementing agency for these schemes.
• Transactions using USSD, UPI, RuPay and AEPS will only be covered under these schemes. Digital payments made through credit cards and e-wallets won’t be covered.
• To ensure focus on small transactions incentives will be restricted to transactions within the range of Rs 50 and Rs 3000.
• The winners shall be identified through a random draw of eligible Transaction IDs by software to be especially developed by NPCI for this purpose.

Lucky Grahak Yojana

• Under it, consumers making payment through digital mode will get chance to win minimum Rs 1000 each every day or Rs 1 lakh per week.
• 15,000 winners will get cashback prizes of Rs 1000 each every day starting on 25 December 2016 (Christmas) and ending on 14 April 2017 (Babasaheb Ambedkar Jayanti). In addition, there will be weekly awards worth Rs 1 lakh, Rs 10,000 and Rs 5,000 for 7000 people.
• On last day of scheme mega prize winner award will be announced. He will get Rs. 1 crore award.

Digi Dhan Vyapar Yojana

• This scheme is for the merchants across the country. Mandatory for merchants to have POS (Point of Sale) machines for undertaking cashless transactions.
• Under it, merchants doing business using POS are eligible to win Rs.50000 per week from 25 December 2016 to 14 April 2017.
• 3 Mega Prizes for merchants will be of Rs 50 lakhs, 25 lakh, 12 lakh for digital transactions between 8 November 2016 to 13 April 2017.
• It will be announced on 14 April 2017.

Current Heads of International Organisations (1 marks for Mains Exams)

Appointment (Office)

Head

Managing Director, (IMF)

Christine Lagarde

Director General, UNESCO

Irina Bokova

Director General, WHO

Dr. Margaret Chan

Director General, International Labour Organisation

Guy Ryder

President, World Bank

Dr. Jim Yong Kim

Executive Director, (UNICEF)

Anthony Lake

UN High Commissioner for Refugees

Filippo Grandi

President, Asian Development Bank

Takehiko Nakao

Director – General, WTO

Roberto Azevedo

Secretary-General, (NATO)

Jens Stoltenberg

Executive Director, UNFPA

Dr. Babatunde Osotimehin

Secretary-General, ASEAN

Le Luong Minh

Secretary-General, SAARC

Arjun Bahadur Thapa

Deputy Secretary General, UN

Jan Eliasson

Secretary General, United Nations

Antonio Guterres

Pradhan Mantri Zero Deficit Zero Effect Scheme (GK for Mains Exams)

Introduction

“Zero Defect, Zero Effect Scheme” or “ZED” is a new initiative launched by Prime minister Narendra Modi. The scheme is launched to increase the quality of products matching global standards for Micro Small and Medium Enterprises Sector i.e. MSME.

Objective

• The main objective of this “Zero Effect, Zero Defect” scheme is to supress the bad effect of products on environment. While MSME sector plays a vital role in the GDP of a country i.e. India , this scheme also helps to contribute to environment as well.
• The main purpose of this Scheme is to Match the Global quality control standards.
• This Scheme ensures that all the Micro Small and Medium Enterprises are delivering High quality product using clear technology.

• Under this ZED scheme, The Micro Small and Medium Enterprises companies which follows the guidelines set by ZED and meet the standards set by the ZED will be awarded ZED certification along with various benefits.
• All MSME plays a vital role in the economy and by creating good quality products the country will be able to lift up its infrastructure, etc. That means it’s a major steps taken by Narendra Modi Government towards the development of the country.
• Under this a few parameter was fixed that are specific for each MSME industries.

Benefits of ZED certification

• lower costs and Streamlined operations.
• Reduced rejection, Superior quality and higher revenues.
• Increased social and environmental benefits.
• Generation in Employment.
• It may control the pollution level in some of the largest cities like Delhi, Mumbai, Kolkata.

ZET Model

• The MSME companies will be given a strict guidelines based on which they have to work around the procedures.
• The main focus will be to enhance the quality and to lift-up the environment.

Government Support

• To help the Micro Small and Medium Enterprises through Funding and Proper training.
• The Government will emphasise on producing items that have “Zero Deficits” so as to achieve the quality.
• The main aim of Government to encourage a sustainable environment & development and therefore all the parameters will be to encourage through same way.

Pradhan Mantri Vittiya Saksharta Abhiyan (GK for mains exams)

Introduction

Vittiya Saksharta Abhiyan is a government initiative launched by the Government of India in the demonetization drive across India to stop the malpractice of corruption and to finish black money in India. This Scheme was launched as on 1st December 2016 by Human Resource Development Minister (Prakash Javadekar) in New Delhi.The Basic aim of this scheme is to go for cashless transaction and payment modes like using credit or debit cards or the payment wallets to reduce the malpractice in the country. The Vittiya Saksharta Abhiyan Scheme is all about encouraging the common people to evolve and opt for cashless transactions in the country and remove corruption out from its roots. The HRD minister also gone to social media like Facebook, Twitter, etc. to make the camping more efficient with successful result for Digital India & to go for Cashless Economy by reaching to more masses.

Aim

The main aim of the Scheme is to make the country with the cashless economy and its citizen trying their hands to use cashless transactions in their daily life. This Scheme also aims to create a strong digital economy and put India in digitally developed countries and leading countries in the global map. The main motto of this scheme is to make the youth and students getting involved in this major transformation that the nation is going through and help others.

Authority

Vittiya Saksharta Abhiyan is a program solely governed by HRD ministry. The awareness scheme is to pass on from the old modes of transactions using cash and to follow up new cashless transaction system.

Educational Institutions directed to take Major Steps

To achieve the target of this big magnitude for Vittiya Saksharta Abhiyan, The HRD ministry directed most of the Higher educational institutes in India to start practising the cashless transactions. The HRD minister Prakash Javadekar has appealed such institute in India to join hands against corruption and to switch over to cashless and digital economy in their campuses. These institutes have been advised not to take any cash for tuition fees, admission fees, hostel fees, library fees, etc. However, these institutes can take their fees through Debit card, Credit card, Visa, etc. These institutes are directed to follow cashless transaction system in the entire college, including college canteens and stores. The students can also take these initiatives and teach their parents, homes or locality and also share with their friends about the basic advantages of having a cashless transaction or digital transactions for their daily life.

Modes of Transactions

• Debit Card
• Credit Card
• Rupay Card
• Visa Card
• E-Wallet
• Paytm
• Mobikwik
• USSD Payment
• Aadhaar Enabled Payment
• Mobile wallets
• POS transactions, etc.

Fast Facts

Fields	Related Facts & Figures
Name of the Scheme	Vittiya Saksharata Abhiyan
Governed By	Human Resource Development Ministry
Launched on	1st December 2016
Launched By	Union HRD Minister – Prakash Javadkar
Main emphasis on	Higher Educational institutions in India
Camping over	Social Media, Higher Educational institutions, etc.

Latest List of Indian Banks and heads 2016 December

Latest List of Indian banks – Their Heads and Head Office – December 2016

Name of the Banks	Head	Year of Establishment	Head Office
Allahabad Bank	Rakesh Sethi	24 April, 1865	Kolkata, West Bengal
Andhra Bank	Suresh N. Patel	20 November, 1923	Hyderabad, Andhra Pradesh
Bank of Baroda	P.S. Jayakumar	20 July, 1908	Vadodara, Gujarat
Bank of India	Melwyn O. Rego	7 September, 1906	Mumbai, Maharashtra
Bank of Maharashtra	R K Gupta	16 September, 1935	Pune, Maharashtra
Bank of Rajasthan	Shri Govind Ram Seksaria	1943	Udaipur, Rajasthan
Canara Bank	Rakesh Sharma	1906	Bengaluru, Karnataka
Central Bank of India	Rajeev Rishi	21 December, 1911	Mumbai, Maharashtra
Corporation Bank	Jai Kumar Garg	12 March, 1906	Mangalore, Karnataka
Dena Bank	Ashwani Kumar	26 May, 1938	Mumbai, Maharashtra
Federal Bank	Shyam Srinivasan	1945	Kerala
HDFC Bank	Aditya Puri	August, 1994	Mumbai, Maharashtra
ICICI Bank	Chanda Kochhar	Jun, 1994	Mumbai, Maharashtra
IDBI Bank	Kishor Kharat	July, 1964	Mumbai, Maharashtra
Indian Bank	Mahesh Kumar Jain	15 August, 1907	Chennai, Tami l Nadu
Indian Overseas Bank	R. Koteeswaran	10 February, 1937	Chennai, Tami l Nadu
J & K Bank	Mushtaq Ahmad	1 October, 1938	Sri Nagar, J & K
Karur Vysya Bank	K Venkataraman	1916	Karur, Tamil Nadu
Lakshmi Vilas Bank	Parthasarathi Mukherjee	3 November, 1926	Karur, Tamil Nadu
Oriental Bank of Commerce	Animesh Chauhan	19 February, 1943	Gurgaon, Haryana
Punjab and Sind Bank	Jatinder Bir Singh	24 June, 1908	New Delhi, India
Punjab National Bank	Usha Ananthasubramanian	19 May, 1894	New Delhi, India
State Bank of India	Arundhati Bhattacharya	1 July, 1955	Mumbai, Maharashtra
State Bank of Hyderabad	Shri Santanu Mukherjee	8 August, 1941	Hyderabad, Andhra Pradesh
State Bank of Mysore	N. Krishnamachari	2 October, 1913	Bengaluru, Karnataka
State Bank of Patiala	S. A. Ramesh Rangan,	1917	Patiala, Punjab
State Bank of Travancore	Jeevandas Narayan	12 September, 1945	Trivandrum, Kerala
South Indian Bank	V. G. Mathew	1929	Thrissur, Kerala
Syndicate Bank	Arun Shrivastava	1925	Manipal, Karnataka
UCO Bank	Ravi Krishan Takkar	6 January, 1943	Kolkata, West Bengal
Union Bank of India	Arun Tiwari	11 November, 1919	Mumbai, Maharashtra
United Bank of India	P. Srinivas	1950	Kolkata, West Bengal
Vijaya Bank	Kishore Kumar Sansi	1931	Bengaluru, Karnataka
Yes Bank	Rana Kapoor	2004	Mumbai, Maharashtra

Safe Drinking Water Scheme – Mission Bhagiratha (GK Purpose)

Introduction:

Mission Bhagiratha, a new initiative started by the state government of Telangana to provide safe drinking water to everyone in the State through dedicated water pipeline channels in the state. To confederate the mission, The state government has designed a water grid project to provide a sustainable and durable solution to the problem of safe drinking water. The Main objective of this Mission “Bhagiratha” is to provide 100 litres & 150 litres of clean drinking water per person in rural households and in urban households respectively. The Final deadline for the completion of the water grid project is March 2018.

Fast Facts:

• The Project “ Mission Bhagiratha” was started by the State Government of Telangana with a support of Union Government.
• The Project will cover 67 urban and 25000 Rural habitants across the States.
• This Project will provide 100 Litres in rural Households & 150 Litres in Urban Areas.
• The expected costs of the project is around 42,000 Cr.
• Mission Bhagiratha Project will rejuvenate 45,000 water tanks with dedicated pipelines.
• For this Project The Government of Telangana estimated to utilize a total of 34 Thousand Million Cubic of water from River Godavari.
• This projects also utilize 21.5 Thousand Million Cubic of water from River Krishna, i.e. It is known as mother of all the rivers.

Concept of Mission Bhagiratha:

• The Government of Telangana constituted a “water grid pipelines” that would depend on water resources available in River Krishna and Godavari

• The Government of Telangana estimated to utilize a total of 34 Thousand Million Cubic of water from River Godavari and 21.5 Thousand Million Cubic from River Krishna for the water grid pipelines to provide clean drinking water to every household in the state.
• Plans are ready to use water from Sriram Sagar Project, Srisailam, Komuram Bheem Project, Jurala Dam, Paleru Reservoir, Nizam Sagar Project. This scientifically designed project intends to use the natural gradient wherever possible and pump water where necessary and supply water through pipelines channels. The state-level grid will comprise of a total of 26 internal grids.
• The Telangana state government will be using latest and Upgraded technology for the proposed Water Grid project. In this Project “Advanced Light Detection and Ranging” (LIDAR) technology would be utilized for survey of the Water Grid and the “Lightweight aircrafts” will be engaged only for aerial survey.
• According to the Media Report the Government of Telangana will use hydraulic based modelling software for determining the shape and size of water pipelines, pumping capacity and the height from which the water would be pumped.
• In this Software Programme, The software tools like smart flow and surge analysis would be used to resolve any problems that arise in distribution of water.

Swachh Swasth Sarvatra Abhiyan – All You Need To Know (GK Purpose)

Introduction

Swachh Swasth Sarvatra is an initiative launched by Union Health Ministry in collaboration with the Ministry of Drinking Water and Sanitation and Human Resource Development.
The main aim of this initiative is to strengthen health centers in open defecation-free blocks.
This initiative is a part of the Union Government’s chief Swachh Bharat Mission and is focused on the dual objectives of constructing toilets and enabling behavioural change.
Swachh Swasth Sarvatra is the advanced form of Swach Bharat Mission from being Swachh Bharat to Swastha Bharat.

Objective

1. This initiative aims to fulfill the requirements of two complementary programes namely, Swachh Bharat Mission (SBM) of the Ministry of Drinking Water and Sanitation and Kayakalp of the Ministry of Health and Family Welfare.

2. Over 700 blocks are declared as Open Defecation Free (ODF) under Swachh Bharat Mission by

Ministry of Drinking Water and Sanitation.

3. Rs 10 lakh will be given to each Community Health Centres (CHCs) in ODF blocks of the country

to strengthen the standards of sanitation, hygiene and infection control.

4. “SwachhSwasthaSarvatra” is a much needed programme to achieve open defecation-free India by 2019.

5. Under Kayakalp, one Primary Health Centre (PHCs) in each district is awarded for meeting quality

standards including sanitation and hygiene.

6. Through the initiative, the Gram Panchayat in which the PHC gets awarded will be noted and special focus will be given to make it ODF.

Note : Just Note Down Abbriviations

Components of SwachhSwasthSarvatra

There are three main components of SwachhSwasthSarvatra, they are
1. Community Health Centres (CHCs) in ODF blocks supported to achieve Kayakalp certification.
2. Gram Panchayat of Kayakalp Primary Health Centres (PHCs) prioritized to become ODF.
3. Training in WASH (Water, Sanitation and Hygiene ) of CHC/PHC nominees.

Other initiative also launched along with Swachh Swasth Sarvatra
Another joint initiative, ‘Swasth Bacche Swasth Bharat’ (Healthy Children Healthy India) was also launched on the occasion between Ministry of Health and Family Welfare and the Ministry of Human Resource Development.
It is a booklet that contains tips on leading a healthy life for children.

Quick facts

Name of scheme	Swachh Swasth Sarvatra
Launched by	Union Health Ministry in collaboration     with the Ministry of Drinking Water and  Sanitation and Human Resource Development.
Launched on	December 29, 2016
Launched for	To strengthen health centers in open defecation-free blocks.
Financial outlay	Rs 10 lakh to each Community Health Centres (CHCs) in ODF blocks.
No of blocks	708 blocks