IBS Quest Position of CONTENTS Index Top Ranked Country India 1. Economic watch 2 Human Development Index -2017 131 Topped by Norway followed by Australia The list is topped by New Zealand 2. Editor’s Message 3 Ease of Doing Business Index 2017 130th followed by Singapore, Denmark. 3. Articles 4 Foreign Direct Investment th The list is topped by USA followed by 8 confidence index Germany 4. Current Affairs October 2017 7 The list is topped by Switzerland, followed Global Competitiveness Index 2016 39th 5. Banking: At a Glance 21 by Singapore and USA. The list is topped by Switzerland, followed Global Talent Index 92nd 6. Miscellaneous 27 by Singapore 7. State: At a Glance Karnataka 29 The list is topped by Norway, followed by Global Human Capital index 2017 103 Finland 8. The Nobel Prize 30 Developed by International food policy Global Hunger Index 2017 100th 9. SSC History 31 and research institute (IFPRI) The list is topped by Switzerland, followed Global Innovation Index 2016 60 10. SSC Polity 33 by Sweden The list is topped by Iceland, followed by 11. Current Affairs Last 3 Months 35 Global Peace Index (GPI) 2017 137 Newzland 12. Model Test Paper IBPS Clerk-PT 58 The list is topped by North Korea, Global Slavery Index 2016 4th 13. Model Test Paper Banking 70 followed by Uzbekistan and Cambodia. Global Talent Competitiveness Index The list is topped by Switzerland, followed 89th 14. Latest GK Tablets 72 2017 by Singapore and Luxembourg. The list is topped by USA, followed by Intellectual Property Index 2017 43rd UK and Germany. The list is topped by Germany, followed Logistics Performance Index 2016 35th IBS Quest by Luxembourg and Sweden. The list is topped by Norway followed by Global Human Capital Index 103 AN IBS (P) LTD. Finland INITIATIVE Sustainable Development Goal Index The list is topped by Sweden, followed by 116th 2017 Denmark Owned, Printed & Published By The list is topped by Hong Kong, followed Economic Freedom Index 2017 143rd by Singapore. Institute of Banking & SSC Exams The list is topped by Norway followed by World Happiness Index 2017 122nd SCO 13-14-15, Sector 34A, CHD. Denmark, The list is topped by Norway, followed by World Press Freedom Index 2017 136 www.ibsindia.co.in Sweden e-mail: [email protected] The list is topped by Island state of World Risk Index 2016 77th Vanuatu, followed by Tonga and POLICY RATES OF RESERVE Philippines. Global Travel and Tourism Index- The list topped by Spain followed by BANK OF INDIA W.E.F 2 40 AUGUST 2017 2017 France Global Corruption perception index- The list is topped by New Zealand and Bank Rate : 6.25% 79 2017 Denmark Repo Rate : 6.0% Reverse Repo Rate (RRR) : 5.75% FDI Limits List of Limits in Various Sectors (In %) CRR (Cash Reserve Ratio) : 4% 1. Petroleum Refining by PSU 49% 7. Civil Aviation 100% SLR (Statutory Liquidity Ratio) : 20% 2. Pharmaceutical Sector 74% 8. Private security agencies 49% Base Rate : 9.25% - 9.65% 3. Medical Devices 100% 9. Private Sector Banking 74% Saving Deposit rate : 4% 4. White Label ATM Operation 100% 10. Public Sector Banking 20% Term Deposit Rate for >1 Year : 6.50% - 7.00 % 5. Cable Networks 100% 11. Insurance and sub-activities 49% 6. Print Media 26% << 2 >> | IBS QUEST | DECEMBER, 2017 IBS Quest EDITOR’S MESSAGE TACKLING THE CHALLENGES OF LIFE-In our personal lives as well as on a global scale, we face challenges that test our emotional mettle such as, injury, illness, unemployment, grief, divorce, death, or even a new venture with an unknown future. Here are few strategies to help carry us through: Embrace Your Life as It Is rather than as you Wish It to Be;The Buddha taught that the secret to life is to want what you have and to not want what you don’t have. Being present means being present to the life that you have right here, right now. There is freedom in taking life as it comes to us—the good with the bad, the wonderful with the tragic, the love with the loss, and the life with the death. When we embrace it all, then we have a real chance to enjoy life, to value our experiences, and to mine the treasures that are there for the taking. When we surrender to the reality of who we are, we give ourselves a chance to do what we can do. Practice Gratitude; It is easy to count our troubles rather than our blessings, but such an attitude undermines our ability to draw from the good that we have been given and to see our lives fundamentally as a gift. A change in perspective can make all the difference. Recognizing the good and receiving it with gratitude is a recipe for emotional health and well-being. This attitude enlarges the possibility that we can make use of the good we have been given and even use it to cope with the difficulties that we inevitably have inherited.Accept Success and Fiascos as Part of Life’s Journey; We are all learning. No one gets it right every time. A more compassionate attitude toward ourselves only helps us to stay in the game. The dynamic process of life— trying, succeeding, failing, and trying again—is the only way to develop lasting confidence in ourselves. We learn through experience that we can both succeed and recover from failure. We also learn to be humble and so develop a view of ourselves as limited creatures that will always need the help and support of others. No matter how mature or successful we become, the child within always will need mentors and friends who’ll see us through.Self Introspection; “what lies behind us and what lies before us are tiny matters compared to what lies within us”. When you realize that everything springs from yourself, you can start walking on the path of tranquility. However, always keep one thing in mind that in any kind of circumstances that “Positivity Will Take You Everywhere” just have faith and patience. ALL THE BEST << 3 >> | IBS QUEST | DECEMBER, 2017 IBS Quest SWACCH BHARAT MISSION : A DREAM OF MILLIONS India has registered a sustained economic growth in the last few years. But it still faces a huge economic loss due to poor hygiene and sanitation. A recent World Bank report has highlighted that India loses 6.4% of GDP annually because of this particular reason. Under the Swachh Bharat Mission (SBM) launched by Prime Minister Narendra Modi, the Government of India aims at “total sanitation” by 2019. It means every household in India will have a toilet by the end of the year 2019, the 15th birth anniversary of Mahatma Gandhi. Objectives of the Swachh Bharat Mission Objectives of the Swachh Bharat Mission are – elimination of open defecation, conversion of insanitary toilets to pour flush toilets, eradication of manual scavenging, 10% collection and scientific processing/disposal reuse/recycle of municipal solid waste, to bring about a behavioural change in people regarding healthy sanitation practices. The programme aims to generate awareness among the citizens about sanitation and its association with health. It also calls for strengthening of urban local bodies to design, implement and operate systems to create conducive environment for private sector participation. Menace of the Open Defecation One of the major causes of lack of cleanliness in the country is open defecation. It refers to a practice whereby people go out in fields or other open spaces rather than using the toilets to defecate. This practice is quite rampant in India. A UN report says that India is home to the world’s largest population of people who defecate in the open and so close to 65,000 tonnes of excreta is added into the environment each day. The Open Defecation Free (ODF) To become Open Defecation Free (ODF) is an uphill task for a country like ours. The age-old practices and a lack of awareness among people are posing severe challenges to health. Only three states have so far declared themselves as Open Defecation Free. These are: Sikkim, Himanchal Pradesh and Kerala. Sikkim is the first Indian state which was declared ODF state under the Swachh Bharat Mission. In October 2016, Himachal Pradesh was declared Open Defecation Free (ODF) state under the SBM. After Sikkim, Himachal Pradesh got this status to have toilet for every individual household. Among bigger states, however, Himachal Pradesh is the first state to become ODF. Conclusion: Though people have started to pitch in to help spread the message of ‘Cleanliness is next to Godliness’, we still have miles to go. The government needs to work on the entire sanitation value chain including water supply, safe disposal and treatment of waste, and maintenance of infrastructure. The construction of toilets as well as awareness campaigns needs the backing of the state for regular monitoring of the toilet use. Not only this, there is a need to engage the community also to address the age-old practices in the rural areas. At this juncture, every countryman should take a pledge that he/she will contribute towards making India clean in the true sense of the term. << 4 >> | IBS QUEST | DECEMBER, 2017 IBS Quest AHMEDABAD – MUMBAI BULLET TRAIN PROJECT : A DREAM PROJECT OF PRIME MINISTER Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe on Thursday launched India’s first bullet train project between Ahmedabad and Mumbai. Modi described the ambitious Rs 1.10 trillion, which will cut travel time between the two cities from seven hours to less than three, as a “big gift for the nation”.