GyanVatika4u.blogspot.in: July 2013

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Monday 29 July 2013

Important Abbreviations used in Economy and Banking Sectors

In today's world people are always in hurry. This hurry is not just limited in accomplishing their daily tasks, jobs and works. Nowadays they even don't have time to express their thoughts and things in proper expanded forms, which led to the prevailingness of use to abbreviations in daily routines . So to adapt the change, we should also need to be aware of such abbreviations.

Here are few of them given below :

• ALM – Asset Liability Management
• ANBC – Adjusted Net Bank Credit
• ASBA – Applications supported Bank accounts
• BOE – Bill of Exchange
• CASA – Current and savings accounts
• CBLO – Collateralised Bank Lending Obligations
• CIBIL – Credit Information Bureau of India Limited
• DPG – Deferred Payment Guarantee
• DPN – Demand Promissory Note
• DRAT – Debt Recovery Appellate tribunal
• DRI – Differential Rate of Interest
• DSCR – Debt Service Coverage Ratio
• EDI – Electronic Data Interchange
• EMI – Equated Monthly Instalments
• EPS – Earnings Per Share
• ESOP – Employee Stock Options
• FEDAI – Foreign Exchange Dealers Association of India
• FFMC – Full Fledged Money Changers
• FOB – Free on Board
• LIBOR – London Inter Bank Operations Rate
• MIBOR – Mumbai Inter Bank Operations Rate
• MOU – Memorandum of Understanding
• MCA – Ministry of Company Affairs
• NPV – Net Present Value
• OCB – Overseas Corporate Bodies
• POA – Power of Attorney
• RKBY – Rashtriya Krishi Bima Yojana
• SEBI – Securities and Exchange Board of India
• LAF – Liquidity Adjustment Facility
• IDBI – Industrial Development Bank of India
• BCSBI – Banking Codes and Standards Board of India
• IRDA – Insurance Regulatory Development Authority
• DICGC – Deposit Insurance and Credit Guarantee Corporation
• SPV – Special Purpose Vehicle
• CRISIL – Credit Rating Information Services of India Limited
• ICRA – Investment Information and Credit Rating Agency of India Limited
• CARE – Credit Analysis and Research Limited
• MCX – Multi Commodity Exchange
• CCIL – Clearing Corporation of India Limited
• OTCEI – Over the Counter Exchange of India
• EFT – Electronic Funds Transfer
• ARF – Asset Reconstruction Fund
• MSS – Market Stabilisation Scheme
• CRAR – Capital to Risk Assets Ratio
• FSDC – Financial Stability and Development Council
• SCARDB – State Cooperative Agriculture and Rural Development Banks
• LERMS – Liberalised Exchange Rate Management System
• BOT – Balance of Trade
• CAC – Capital account convertibility
• NDS – Negotiated Dealing System
• NABARD - National Bank for Agricultural & Rural Development
• RTGS - Real Time Gross Settlement
• NEFT - National Electronic Fund Transfer
• NAV - Net Asset Value 5. NPA - Non Performing Asset
• ASBA - Account Supported by Blocked Amount
• BIFR - Board for Industrial and Financial Reconstruction
• CAMELS - Capital Adequacy, AssetQuality, Management Earnings, Liquidity, Systems & Controls
• BCSBI - Banking Codes & Standard Board of India
• BIS – Bank for International Settlement
• BCBS – Basel Committee on Banking Supervision
• BOP - Balance of Payment
• BOT - Balance of Trade
• BPLR – Benchmark Prime Lending Rate
• CCIL – Clearing Corporation of India Ltd.
• ISCI – International Standard Industrial Classification
• KCC – Kisan Credit Card
• KVIC – Khadi and Village Industries Corporation
• KYC – Know your customer
• LAMPS – Large Sized Adivasi Multipurpose societies
• LERMS – Liberalised Exchange Rate Management System
• LIC – Life Insurance Corporation of India
• MCA – Ministry of Company affairs
• MIS – Management Information System
• MICR – Magnetic Ink Character Recognition
• NABARD – National Bank for Agriculture and Rural Development
• NBFC – Non Banking Finance Companies
• NEFT – National Electronic Funds Transfer
• NPA – Non Performing assets
• NRE – Non Resident External account
• NRI – Non Resident Indian
• NSE – National Stock Exchange
• OLTAS – Online tax accounting system
• OMO – Open market operations
• PACS – Primary Agricultural Credit Societies
• PDO – Public Debt Office
• PIN – Personal Identification Number
• QIB – Qualified Institutional Buyers
• RBI – Reserve Bank of India
• RDBMS – Relational Database Management System
• REC – Rural Electrification Corporation
• RFC – Resident Foreign Currency
• RIDF – Rural Infrastructure Development Fund
• RRB – Regional Rural Bank
• RTGS – Real Time Gross Settlement
• RWA – Risk Weighted Assets
• SBI – State Bank of India
• SCB – Scheduled Commercial Bank
• SDR – Special Drawing Rights
• SEBI – Securities and Exchange Board of India
• SFMS - Structured Financial Messaging Services
• SHG – Self Help Group
• SIDBI – Small Industries Development Bank of India
• SIDC – State Industrial Development Corporation
• SJSRY –Swarna Jayanthi Shahari Rozgar Yojana
• SLR – Statutory Liquidity Ratio
• SLRS – Scheme for Liberation and Rehabilitation of Scavangers
• SMERA – SME rating agency of India Limited
• SSI – Small Scale Industries
• SME – Small and Medium Industries
• SSSBE – Small Scale Service and Business Enterprises
• UTI – Unit Trust of India
• WPI – Wholesale Price Index
• YTM – Yield to maturity
• LAB – Local Area Banks

Monday 22 July 2013

Story of Milkha Singh | Bhaag Milkha Bhaag | Facts & Racing Video

Sardar Milkha Singh, well-known Sporting personality of India. He represented Indian Athletics team in 1956 Melbourne Olympic Games. Recently Director Rakeysh Omprakash Mehra made a movie on his life history depicting his struggle as a sportsperson. Bhaag Milkha Bhaag starring Farhan Akhtar is said to be a true story of the "Flying Sikh" - world champion runner and Olympian Milkha Singh. He who overcame the massacre of his family, civil war during the India-Pakistan partition, and homelessness to become one of India's most iconic athletes.

The name Flying Sikh is given by Pakistani President General Ayub Khan in 1960 during his heroic win over Abdul Khaliq in Pakistan. Abdul Khaliq was famous athlete of Pakistan at that time. After the success of British Empire and Commonwealth Games in 1958, he became the first gold medalist at the Commonwealth Games from independent India. Since then no other Indian male athlete have won an individual athletics gold medal in Commonwealth Games. At that time Indian PM Jawaharlal Nehru wanted to set aside the memories of the Partition of India. So, he proposed to have race between these famous athletes from two nations. After the successful race Pakistani President become fan of Milkha, said "It don't seem that you run a race, actually you were flying" This way he got his nickname "Flying Sikh".

Early Life

October 17,1935 born in Layalpur (Punjab) then known as Faislabad. He lost his parents in partition of India when he was 12. He reached India somehow, after running from there.
He tend to go to his school by foot, 10 KM from his village in Kot Addu Tehsil
He wanted to join Indian Army but got rejected three times
He joined EMI centre in Sikandrabad in 1951. Here, he came to know about his talent in racing. He tend to compete with trains passing nearby tracks. He usually practiced till late nigts
He married, Nirmal Kaur, a former captain of the Indian women's vollyball team.
Jeev Milkha Singh, India's best golfer is Milkha Singh’s son born on December 15, 1971.

Athletics Career

1958 - In Asian Games, he secured Gold Medal for India in 200m and 400m competitions. He registered his name in the assembly of world class athletes there.
1958 - Same year, he won Gold Medal in Cardiff Commonwealth Games, thus becoming the first Gold Medalist for Independent India.

1958 - 440y - The British Empire Games Cardiff

1958 - Awarded with PadamShree Award by Indian Government.
1960 - In Rome Olympics, he lost Bronze Medal to Malcolm Spence of South Africa by just 0.1 second to in 400m final race, after getting 2nd position in 1st, 2nd and semi-final heats each.

Milkha Singh in 400m 1960 Olympic (Rome) Final

Watch the Video of that close finish between Ottis Davis(USA) and Karl Kaufmann (Germany). Click the Link below to watch the video

Both Ottis Davis and Karl Kaufman clocked 44.8 seconds, 2nd runner-up Malcolm Spence of South Africa covered the race in 45.5 seconds. Milkha, who was initially leading the race, finished just 0.1 seconds later by Spence, clocking 45.6 seconds.

1960 - Went to Pakistan and won both hearts and race against Abdul Khaliq. After that got his nickname "Flying Sikh".

Fact File

Milkha Singh rejected Lifetime Arjun Award.
Milkha Singh ran 80 races and won 77 of those 80 races.
Milkha Singh donated all his medals to the National Sports Museum.
He participated in 1956 Summer Olympics in Melbourne, 1960 Summer Olympics in Rome and the 1964 Summer Olympics in Tokyo.
He won famous Helms Trophy in USA.
He served as a Director of Sports in Punjab after his retirement.
He told that he never watched movie since after 1968 but this movie bring tear in his eyes.
The autobiography of Milkha Singh is named as "The Race Of My Life" which is due for release in market later this year in August(2013).

Pan Singh Tomar Vs Milkha Singh

Pan Singh Tomar, a biopic film directed by Tigmanshu Dhulia was actually a junior athlete of S. Milkha Singh. In long race, Milkha Singh once beat Pan Singh Tomar. Recently a Milkha Singh's biopic was directed by Rakesh OmParkash Mehra and lead role is played by Farhan Akhtar. Milkha Singh sold his biography to director of movies in just Re.1 but also taken a promise by moviemakers that 10% of the profit will go to the Milkha Singh Charitable Trust.

According to cinema trends, Movie grabbed a hot response from viewers all over the World. On the request of Director, movie is now tax-free in Maharashtra, so that it can reach easily to masses of India, paying minimum amount for tickets.

Movie Grossing :
(Movie released on Thursday, July 11, 2013) Thu 1.05 crore Fri 8.5 crore Sat 11 crore Sun 12.8 crore Mon 5.7 crore Tue 5.32 crore Wed 4.82 crore Thu 4.55 crore Total: 53.74 crore (Week 1) Fri 4 crore Sat 5.80 crore Sun *est* 6.75 crore Hit. Taking Grand total to: Rs 70.29 crore (Till now)

Hope you like our post. For any type of help on any topic post comments, we will try our best to bring the information as soon as possible. :)

Wednesday 10 July 2013

[PDF] How Shahrukh got AbRam | All about Surrogacy | Surrogate Mothers | PDF

From last few days, Bollywood Star Shahrukh Khan is again in News, this time due to his new born son named AbRam. The baby is their third child, Shah Rukh Khan(47), who is already a father to Aryan(16) and Suhana(13). The third child of SRK was reportedly delivered by a surrogate mother at Masrani Hospital in Andheri on May 27. The baby is premature by two months is not delivered naturally by Gauri Khan, SRK's Wife, he is born through surrogacy. The Surrogate mother of baby is Gauri Khan’s sister-in-law Namita Chibber. On May 27, 2013 Municipal corporation officers received this baby's birth certificate.

Shahrukh and Gauri reportedly consulted the same doctor that Aamir Khan and Kiran Rao went to for their baby Azad in 2011, through surrogacy. What is this Surrogacy, today we are going to have deep study of the matter. Some people (usually gay/bi/queer/trans men) consider the possibility of getting pregnant using sperm either from a partner or a sperm donor, then this sperm and egg is transplanted into womb of surrogate mother, this whole process is named as Surrogacy. A person who carries a child they do not intend to be a parent.

Surrogacy

The surrogacy is a process of carrying baby of own or another parents' into ones womb. A surrogate mother is inseminated with sperm from the father. The woman’s eggs may be removed, fertilized and then re-implanted in the surrogate. A Surrogate Mother is a giving, kind and healthy woman between the ages of 21-42 years, who has a history of easy, uncomplicated pregnancies and is in a financially secure position.

There are two main types of surrogates:

1. Traditional surrogates are people who have their own egg fertilized and carry the pregnancy. The arrangement in which the Surrogate Mother is also the biological mother of the child she will bear for the Intended Parents.
2. Gestational surrogates, the process of carrying a pregnancy created through a fertilized egg from another person, an egg donor.

The surrogates are not biologically related to the child they are carrying. Surrogate motherhood can result in six individuals with potential parental interests:

1. The man whose sperm is used

2. The woman whose egg is used

3. The woman who carries the baby (surrogate mother)

4. The surrogate mother’s husband

5. The two parents who contracted to raise the child.

Some other terms related to Surrogacy

1. Adoption - It refers to the process of becoming a legal parent or guardian of a child to whom one is not biologically related. It is legal for two people in a same-sex relationship to jointly adopt. There are two types of adoptions available namely, private and public.

2. Cryopreservation - The process of freezing different reproductive material, including gametes, zygotes, pre-embryos, and embryos. It is the key process that makes assisted reproductive technology possible after one parent has already died. Sperm can be preserved for at least ten years to maximum of hundred years, through this technique.

3. Artificial Insemination - The sperm from anonymous donor or from the husband of the woman is inserted either into the vagina, uterus, or fallopian tubes of a woman with a syringe

4. In vitro fertilization (IVF) - The process in which eggs are extracted from a woman’s ovaries, the extracted eggs are fertilized in a lab with sperm, and the fertilized eggs are then inserted back into the woman’s uterus through the cervix. On average, 20% to 40% of the eggs fail to be fertilize.

5. Gamete Intra-fallopian Transfer - The eggs are extracted in the same way as in IVF which are then the unfertilized eggs, along with sperm, are inserted into the woman’s fallopian tubes through an incision in the abdomen. After fertilization, any resulting embryo naturally moves into the uterus.

6. Zygote Intra-fallopian Transfer - It involves fertilizing extracted eggs in the lab, but unlike IVF, once the eggs are fertilized, they are implanted into the woman’s fallopian tubes rather than uterus.

7. Embryo Lavage and Transfer - Here, Egg is fertilized in a donor’s body. Then, the resulting embryo is removed and transferred to the recipient.

Surrogacy in India

Application for Surrogacy :
Details about Surrogacy :

Religious perspective

As far Muslim religion, Surrogacy is considered illegal as mentioned in Kuran. The Bible does not forbid the use of a surrogate mother but questions whether or not it is ethical. Marriage is designed to be between two people, and children are to be born of that union but to bring in a third party means that the child will have a third parent is somehow unethical.

There are number of surrogate Mothers available around the world. Various private and public agencies working for the cause. Some of them are :

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