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Wednesday, 7 February 2018

RBI Expected To Keep Rates On Hold In Policy Decision Today

Inflation is expected to accelerate after the government's budget last week widened its fiscal deficit target for the fiscal year starting in April to help finance a sharp increase in spending in the rural areas and on healthcare.


Also Read :-All News 

  • ➡️Oil, food prices led consumer inflation to 17-month high in December
  • ➡️With inflation up sharply, rising No. of analysts see rate hike this year
  • ➡️Budget 2018 proposes to widen fiscal deficit target for 2018-19
  • Mumbai: The Reserve Bank of India, meeting amid a global market storm, is widely expected to keep its key rate on hold on Wednesday, but toughen its rhetoric as inflation has accelerated sharply, making an increasing number of analysts see a hike this year.

    A Reuters poll showed 58 of 60 economists expect the repo rate to be kept at 6.00 per cent, the lowest since November 2010, and the reverse repo rate at 5.75 per cent. The other two predicted a 25 basis points hike.
But more analysts now believe tightening looms down the road after surging oil and food prices led consumer inflation in the country to a 17-month high of 5.21 per cent in December - well above the RBI's 4 per cent target.

Inflation is expected to accelerate after the government's budget last week widened its fiscal deficit target for the fiscal year starting in April to help finance a sharp increase in spending in the rural areas and on healthcare.


Bond investors are already pricing in rate hikes, with benchmark 10-year bond yields rising over 80 basis points since July, the biggest move since the 2013 rupee crisis.

The Reuters poll showed 14 out of 35 analysts believe the RBI will hike rates by the end of 2018, up from 7 out of 27 in December.


New inflation risks?



But questions remain about how soon the RBI can tighten, given the economy is expected to grow only 6.7 per cent in the current fiscal year - the slowest pace in about three years.
The RBI's policy stance is currently "neutral".


"New inflation risks are emerging post-budget, so it will have to sound hawkish - but not overly so," BNP Paribas told clients on Tuesday, adding it expects two 25-bps rate hikes in 2018's second half.



The RBI has held the repo at 6.0 per cent since a 25 bps cut in August, having taken advantage of a period of extraordinary low inflation to cut rates by 200 bps since early 2015.

For sure, a rate hike in 2018 is far from certain, as the RBI has to be careful not to slow an economy that needs rapid growth to create jobs. The RBI will also be mindful of the global economy, in case of a sharp downturn that impacts India.


Although any move to raise rates could make yields more attractive overseas, it could also undermine confidence in the economy, adding more uncertainty to monetary policy.


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Tuesday, 6 February 2018

Jio Cashback Offer: Benefits of Up to Rs. 799 on Recharge of Rs. 398 and Above




The offer is only for Jio prepaid users with Prime subscription

Jio customers will get recharge vouchers worth Rs. 400

Wallet cashback of up to Rs. 399 will also be provided




Jio cashbacks don't seem to be ending any time soon as the company has launched another such offer for its Prime customers. The new Jio offer is applicable on recharges of Rs. 398 and above, and will give benefits of up to Rs. 799 in the form of recharge vouchers and wallet cashbacks. Compared to the last Jio cashback offer, the current one gives benefits worth Rs. 99 more, with an increase in the maximum wallet cashback from Rs. 300 to Rs. 399. The ongoing offer will run till Thursday, February 15, 2018.
As with the previous Jio cashback offers, customers will get eight vouchers of Rs. 50 on recharges of Rs. 398, totalling benefits of Rs. 400. The vouchers can be used to deduct Rs. 50 from the recharge value while purchasing a prepaid pack in the future.
The remaining Rs. 399 will be provided to the consumer in the form of wallet cashbacks. Customers will get cashbacks of varying value from MobiKwik, Paytm, Amazon Pay, PhonePe, Freecharge, and Axis Pay. Those using MobiKwik wallet to make the payment for the recharge of Rs. 398 or above will also get a hotel voucher of up to Rs. 2,500, while Paytm users will receive 50 percent cashback on first time movie ticket booking (up to Rs. 150).
PartnerCashback for new usersCashback for existing users
MobiKwikRs. 399 (Code - JIOFULL)Rs. 399 (Code - JIOFULL)
Amazon PayRs. 50Rs. 50
Axis PayRs. 100Rs. 30
PhonePeRs. 75Rs. 30
PaytmRs. 50 (Code - NEWJIO)Rs. 20 (Code - PAYTMJIO)
FreechargeRs. 50 (Code - 50JIO)Rs. 20 (Code - PAYTMJIO)

Both the vouchers and the wallet cashback can be redeemed immediately. As was the case with the last cashback offer, Jio is not giving any discounts on online shopping this time around either. The online shopping discounts offered by the company accounted for a huge chunk of the benefits it provided the customer in the December cashback offer, before they were discontinued.
This is the fourth consecutive Jio cashback offer for prepaid users since October, and comes soon after the company raises the daily data allocations on recharge packs between Rs. 149 and Rs. 799 by up to 2GB per day.

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Vodafone Now Offering 30GB Data, Unlimited Calls, and More at Rs. 399 to Select Users

The offer is only for customers moving to Vodafone RED

The new plan offers 30GB data and unlimited voice calls for a month

It comes with device insurance, Magzter subscription, and Vodafone Play



Taking on Jio and AirtelVodafone is offering 30GB data and various other freebies at Rs. 399 to select customers. The Vodafone RED postpaid plan available at Rs. 399 offers benefits such as unlimited local and STD calls, free national roaming, 100 SMSes, and 30GB 3G/ 4G monthly data (with rollover option up to 200GB) to Vodafone customers moving from prepaid to postpaid as well as to customers switching from other networks. There is also free access to movies worth Rs. 4,000 via Vodafone Play service for 1 year and bundled Magzter subscription to provide a vast collection of over 3,500 e-magazines for 4 months.


Just like other plans and packs, the unlimited local and STD calls with the new Rs. 399 Vodafone RED plan are capped at 250 minutes per day and 1,000 minutes per week. The plan also includes Vodafone RED Shield that is a device insurance offering which is claimed to protect your smartphone from damage and theft.
Customers switching to Vodafone RED Rs. 399 plan will have to dial 199 from their mobile phone to switch to the plan. After six billing cycles, the customer will be charged Rs. 499, up from Rs. 399. The official Vodafone site in the country is yet to be updated with the new plan details. Moreover, the new plan is currently not available in Andhra Pradesh, Madhya Pradesh, Bihar and Jharkhand, Jammu and Kashmir, and Himachal Pradesh circles.
In last November, Vodafone launchedthe RED Basic plan for its postpaid subscribers at Rs. 399 with primary benefits, including unlimited local and STD calls, free incoming on national roaming, 10GB data, and data roll over. It also didn't come with additional offerings such as Vodafone Play and Magazter subscriptions. The telco lately upgraded that same plan with a 20GB data limit.
The new Vodafone offer gives the company a better positioning in the lucrative postpaid market. Jio customers get 30GB of 4G data at 1GB per day with the Rs. 309 postpaid plan; those looking for plans without a daily cap can go for the Rs. 409 plan with 20GB data allocation. Airtel, on the other hand, offers 20GB data per 30-day billing cycle with its Rs. 399 myInfinity postpaid plan.
Editor's note: The story has been updated to reflect the fact that the new offer is available to select customers only.

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Saturday, 3 February 2018

Padmaavat' box-office collection Day 8:

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~~~~~~~~~~~~~~~~~~~~~~~~~~~
Ranveer Singh, Deepika Padukone and Shahid Kapoor starrer garners Rs 10.25 crore
performance in 'Padmaavat'

Bollywood actors Ranveer Singh, Deepika Padukone and Shahid Kapoorbecame the talk of the town for their stellar performances in Sanjay Leela Bhansali's 'Padmaavat' which finally released on January 25, 2018, after facing a lot of hurdles.


Also Read: Padmaavat Movie Review

According to a recent report on BoxOfficeIndia.com, the film has collected Rs 10.25 crore on Day 8 at the ticket window, taking its overall box-office collection past the 150 crore mark. With the total earnings of Rs 159.5 crore, the film has proved to be a blockbuster and has been liked by both the audience as well as the critics. Even Bollywood celebs took to their respective social media handles to praise the film, with spectacular visuals captured by Bhansali being the highlight of the film.

According to experts, the film's collections could have been higher given that it would have released in all the states of India. Currently, the film can maintain a stronghold at the box-office this week too as there are no major big-budget releases.

Talking about Ranveer-Deepika, Bhansali even revealed that he would continue to work with them. He said, "I love Deepika and the effortlessness which she brings on the set. I even feel that her performances are detailed and nuanced which makes me want to work with her again." Adding to it he even said, "I think Ranveer is aware of his strengths and limitations and hence he knows what to extract from him. Ranveer would achieve much more greatness only if he could become a little effortless too."

Aditi Rao Hydari‏, who played Mehrunissa in 'Padmaavat' has praised Deepika for her role of Padmavati. She tweeted, "A tweet just seems so impersonal but since I haven't managed to get through to you and Ive been away... just to say big respect and huge love for #Padmaavat... to padmavati from mehrunissa! love you @deepikapadukone

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Wednesday, 31 January 2018

Lunar eclipse 2018 LIVE UPDATES: See stunning Super Blue Blood Moon photos from across India

Total lunar eclipse, super blue blood Moon LIVE UPDATES: NASA is streaming the lunar eclipse and it's the first time in 35 years a blue moon has synced up with a supermoon and a total lunar eclipse. There hasn't been a triple lineup like this since 1982 and the next won't occur until 2037.


Total lunar eclipse is taking place now, but this is a special event or what NASA calls a ‘Super Blue Blood moon’. India and several parts of the world is witnessing this super moon and total lunar eclipse as well. This lunar trifecta is occuring after many years. The event was visible best in the western half of the US and Canada before the moon sets early, and across the Pacific into Asia as the moon rises tonight.

A blue moon means it is the second full moon to occur in a month; a supermoon means a full moon which is closest to the Earth. It is the third in a series of “supermoons,” when the Moon is closer to Earth in its orbit — known as perigee — and appears about 14 per cent brighter than usual.  This is also a total lunar eclipse where Earth casts a shadow on the moon’s surface and blocks the sunlight which the moon would have reflected. However, the satellite takes on a reddish tint, because of how Earth’s atmosphere will allow red wavelengths to pass. Thus it is also called a blood moon.

Watch LIVE streaming of the Lunar eclipse below: 

Follow total lunar eclipse, super blue blood Moon LIVE UPDATES below: 

7:56 pm: According to NASA, the Earth is currently moving out from between the Sun and Moon.
7:53 pm: The Lunar eclipse was seen clearly in Kolkata.
7:36 pm: People of Varanasi took holy dip in Ganga during Lunar eclipse. The devotees also throng Ganga ghat in Haridwar.
7:27 pm: Super Blue Blood Moon was seen in the skies of several Indian cities including Delhi, Jaipur, Bhopal, Varanasi, Tamil Nadu’s Chennai.
7:20 pm: Are you following our live updates on lunar eclipse? Earth will continue to block the Sun’s light, casting a reddish hue onto the Moon until around 9:07am ET/6:07am PT.
7:17 pm: In Los Angeles, a crowd ranging from 1,000 to 2,000 people was expected to make a pilgrimage in the dark to the Griffith Observatory on Mount Hollywood, where extra telescopes will be set up for them to see the celestial show, Griffith Observatory officials said.
7:16 pm: The reddish appearance of the lunar surface – the moon’s image does not vanish entirely during the eclipse – is due to rays of sunlight passing through Earth’s atmosphere as the moon falls into our planet’s shadow. The last time all three conditions occurred for a single lunar eclipse visible from North America was in 1866, according to the meteorological forecaster AccuWeather.

7:12 pm: About 400 super-keen skywatchers dressed in thick coats queued patiently outside the Beijing Planetarium to peer into eight telescopes mounted on tripods.Skywatchers across western North America set their alarms to wake before dawn on Wednesday, with hundreds expected to view the phenomenon from a Los Angeles mountaintop..

7:11 pm: Millions of people across the Chinese capital were treated to a “super blood blue moon” eclipse on a cold but clear night on Wednesday, a phenomenon not seen since the late Qing dynasty more than 150 years ago.

6:57pm: You can see some more photos of the Lunar eclipse below:
6:40 pm: The Earth is directly between the Sun and Moon now, making the lunar surface appear red. Keep reading our Live blog.
6:35 pm: The total lunar eclipse is fully visible in Mumbai for a duration of 3 hours and 11 minutes. Here, it bagan at 18:27 and will end around 18:59. The maximum effect will be seen at 18:59 with 1.32 magnitude.
6:20 pm: Are you watching the Live streaming? Did you notice the red tint? It is a Blood Moon caused by Earth casting its shadow on the Moon during the lunar eclipse that’s happening now. For the US, this eclipse is best viewed on the West Coast
6:17 pm: The Moon has started to enter Earth’s shadow. At about 7:51 am ET/4:51 am PT, the Earth will completely block the Sun’s light, casting a reddish shadow on the Moon during what’s called “totality”.
6:15 pm: During an eclipse, 2 shadows are cast: umbra & penumbra. The umbra is where the Sun is completely hidden behind Earth. The real action begins when the Moon starts to disappear as it enters the umbra at about 3:48am PT.
6.08 pm: To recap, the Total Lunar eclipse will end at 19.37 pm in India time. The best time to watch the total lunar eclipse in New Delhi would be around 18.59 pm in the evening.
6:00 pm: Petro said, “While a supermoon is considered less serious and scientific than an eclipse, it represents a chance to encourage people to start looking at the moon.” “I’m a lunar scientist. I love the moon. I want to advocate for the moon,” he said.
The moon is one of the most amazing objects in our solar system. It really is the key to understanding the solar system, through interpreting the geology and surface of the moon,” Petro said.
5:44 pm: For the trivia crowd, the moon will be 223,820 miles (360,200 kilometers) away at the peak of the eclipse, close enough for supermoon status.
5:35 pm:  Here are some of the photos of Lunar eclipse from different parts of the world:


5:31 pm: It’s the first time in 35 years a blue moon has synced up with a supermoon and a total lunar eclipse. There hasn’t been a triple lineup like this since 1982 and the next won’t occur until 2037.
5:29 pm: Scientists are keen to study the sharp, sudden drop in temperature at the lunar surface, as Earth’s shadow blankets the moon. During the more than one hour of totality, the temperature will plunge 100 degrees Fahrenheit (38 Celsius), said lunar scientist Noah Petro of Goddard Space Flight Center in Greenbelt, Maryland. He’s deputy project scientist for NASA’s Lunar Reconnaissance Orbiter, circling the moon since 2009. His team is taking special precautions to keep the spacecraft warm during the eclipse.
5:22 pm: When a full moon occurs twice in a month, the second full moon is called a blue moon. This also led to the term ‘Once in a blue moon’, as it is relatively rare to witness.
5:15 pm: An eclipse is when three celestial bodies which are Sun, Moon and Earth are aligned in one path.This year January 1, 2018 also saw a Supermoon rise.
5:00 pm: For stargazers in India, the phenomenon will be visible. The country’s first viewers will be from the north-East, who will be able to witness this event between 4:21 PM and 5:18 PM IST. Rest of India will get a chance to see this Super blue blood moon between 5:18 PM IST and 6:21 PM IST. 
The west coast and parts of Rajasthan will see the celestial event from 6:21 PM IST to 7:37 PM IST today itself. 
4:56 pm: The super blue blood moon will be visible on January 31. Today, the natural satellite will rise at 5:51 AM EST, which is 4:21 PM IST and set at 11:08 AM EST or 9:38 PM IST.  Those residing in Siberia, Australia, New Zealand and northwestern US and Canada will be lucky to observe the entire event. Major sections of Africa, South America and Europe will not be able to enjoy the event.
4:50 pm: These type of phenomenon has always fascinated people, and while Indian Vedic texts and other similar scriptures do have mentions of it, there are several myths and superstitions associated with it as well.
4:46 pm: Here is the Global map showing areas of the world that will experience (weather permitting) the January 31, 2018 “super blue blood moon.”

4:35 pm: Of the five eclipses this year, three will be partial solar eclipses — February 15, July 13 and August 11 — that will not be visible from India. Of the two total lunar eclipses, the one on Wednesday will be partially visible from India; the next one, on July 28, will be entirely visible. On Wednesday, the total eclipse will start at 6.21 pm, and totality will end at 7.38 pm.
4:29 pm: ‘Supermoon’ was coined by an astrologer in the 1970s, not by a scientist. The term has come to mean a full moon that is at perigee, or when the moon is at its closest position to Earth along its orbit. As a result, the moon appears somewhat bigger — even though the enlargement is clear only in comparison with the full moon at apogee, or its farthest position from Earth. The supermoon appears 14 per cent larger than the apogee full moon and 30 per cent brighter.

4:27 pm: To be clear, “blue moon” is just a name — the moon will not turn blue today (or at any other time). Rather, during the peak total phase of the lunar eclipse, it will have a reddish or coppery tinge. This is because even though the moon is in the shadow of the Earth, some light does reach it. Fine particles in the atmosphere scatter the blue component of the solar spectrum, and what reaches us is the longer wavelength red light.


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Monday, 29 January 2018

Rupee trades flat at 63.55 against dollar in early session

The rupee opened lower by 5 paise at 63.60 today against the previous close of 63.55. It later recovered ground to touch a high of 63.54 before trading at 63.55 at 0945 hrs



The rupee was trading flat at 63.55 against the US dollar in early session Monday at the interbank foreign exchange market amid the greenback’s gains in overseas markets.
Forex dealers said month-end dollar demand from banks and importers and the dollar’s gain against other currencies overseas weighed on the rupee in early session but forex inflows in stocks cushioned the fall. The rupee opened lower by 5 paise at 63.60 today against the previous close of 63.55. It later recovered ground to touch a high of 63.54 before trading at 63.55 at 0945 hrs.

A record opening in the domestic equity market capped the fall, dealers said. The dollar was trading up against the Japanese yen in early session after its gains against the euro and British pound.
On Thursday, the rupee had gained 14 paise to end at a fresh one-week high of 63.55 a dollar. 
Foreign investors had put in USD 137.90 million on net basis in stocks on Thursday. The forex market was closed on Friday for the ‘Republic Day’ holiday.
Meanwhile, the benchmark BSE Sensex spurted by 233.67 points, or 0.64 per cent, to trade at an all-time high of 36,284.11. The NSE Nifty too was quoting at new peak of 11,123.40 points.
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Saturday, 27 January 2018

RBI recruitment: Assistant officer 2018 notification out at rbi.org.in; from pay scale to syllabus, check out all latest details here

RBI assistant 2018: The Reserve Bank of India has recently announced that they will be hiring candidates for the post of assistant at rbi.org.in. Job aspirants who want to make their career in the banking sector can grab this opportunity.


RBI assistant 2018: The Reserve Bank of India has recently announced that they will be hiring candidates for the post of assistant at rbi.org.in. (PTI)


➡️ RBI assistant 2018:-The Reserve Bank of India has recently announced that they will be hiring candidates for the post of assistant at rbi.org.in. 
Job aspirants who want to make their career in the banking sector can grab this opportunity. Candidates must note that the application process has begun from January 26, 2018. 
According to the job notification, the RBI has said that it will hire 27 assistants in its offices across the country. 
Those who have a graduate degree from a recognised can apply for the posts. 
This is a special recruitment drive for PWD Candidates, as per the official notification. 

The last date to apply online is February 5, 2018. Candidates who have successfully filled the application form should start their preparation as the dates for the examination will soon be notified by the RBI.

➡️RBI assistant 2018: Here is how the examination will be conducted:-
In the year 2017, the RBI has maintained three stages for the final selection. The three stages included Preliminary Exam, Mains Exam and ". 
The preliminary exam was held for 100 marks which included subjects like English, numeric ability, reasoning.
The mains exam was held for 200 marks and the candidates were allowed 135 minutes to complete their test. 
A total of 40 marks were allotted to each subject like English, quantitative aptitude, reasoning, computer knowledge and general awareness.
After the candidates who have cleared both the prelims and mains exam they will be called for the interview where professional skills and overall knowledge of the candidate will be tested by the experts.
➡️RBI assistant 2018: Here are details about the subjects:
English Language: One Word Substitution, Sentence Rearrangement, Sentence Completion, One Word Substitution, Sentence Rearrangement, Sentence Completion, Phrases Active Passive Voice, Reading Comprehension, Synonyms, Antonyms, Sentence Correction, Cloze Test,
➡️Quantitative Aptitude: Time and Distance, Time and Work, HCF and LCM, Simple and Compound Interest, Problems on Trains, Average Probability, Allegations and Comparison, Permutation and Combination, Pipes & Cistern, Number System Geometry, Mensuration, Percentage, Algebra, Trigonometry,
➡️Reasoning: Number Series, Blood Relations, Analogy, Odd Man Out, Number Series, Coding and Decoding, Directions Based Concept, Row Arrangements, Symbols, Statement Reading.
➡️Computer Knowledge: Basic Hardware and Software, History of Computers, Devices, Viruses and Hacking.
➡️General Awareness: Current affairs, Geography, History, Political Science, Banking Awareness, RBI Terms, Emoluments and Other Benefits, RBI ACT.
➡️RBI assistant 2018: Here are some of the important dates:-
Application process starts from 26th January 2018


Last Date for Online registration- 15th February 2018

Last date for payment of Examination Fees- 15th February 2018

Preliminary examination date – 6th April 2018

Mains examination date – 7th May 2018.

➡️Pay Scale: Rs 14650/- per month (i.e. Rs 13150 plus two advance increments admissible to graduates) in the scale of 13150-750 (3)-15400- 900(4) -19000-1200(6)-26200-1300 (2)-28800- 1480(3) – 33240 – 1750 (1)- 34990.
➡️RBI assistant 2018: Here is how to apply:-
Candidates can apply visiting the official website rbi.org.in after the link is activated. They need to enter all the relevant information before submitting the application form.

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