Important Organization and Summit 1. New Member a.

United Nation Total Member 193 (Last member South Sudan) b. WTO Total Member 157 (Last member - Russia, Samoa, Montenegro) c. World bank and International Monetary Fund Total Member 188 (Last member S outh Sudan) d. European Union Total member 27 (Next member will be Croatia in July 2013) 2. 38th G 8 Meeting 2012 - David camp, USA (Last meeting 2011 Deauville, France) 3. 7th G 20 Meeting 2012 Los Cabos, Mexico (Last Meeting 2011 Cannes, France) 4. 7th SAARC (South Asian Association for regional cooperation) Meeting 2011 Add u, Maldives (Next Meeting 2012 Nepal) 5. 20th ASEAN (Association of South East Asian Nation)Meeting 2012 Phnom penh, C ambodia (Last Meeting 2011 Bali, Indonesia) 6. 5th IBSA (India, Brazil and South Africa) summit 2011 Pretoria, South Africa (Next Meeting 2012 Brazil, and In 2013 - India) 7. 4th BRICS (Brazil, Russia, India, China and South Africa) summit 2012 New Del hi (Next Meeting 2013 South Africa) 8. 8th WTO (World Trade Nation) ministerial conference 2011 Geneva, Switzerland 9. 23rd APEC (Asia pacific Economic cooperation) summit 2011 Honolulu, USA (Next Meeting 2012 Vladivostok,Russia) 10. 16th NAM (Non aligned Movement) summit 2012 Tehran, Iran (Last meeting 2009 Sharm el sheikh, Egypt) 11. SCO (Shanghai cooperation organization) Meeting 2011 Astana, Kazakhstan (Nex t meeting 2012 Beijing, China) 12. 5th OPEC (organization of Petroleum Exporting countries) International semin ar 2012 Vienna, Austria 13. NATO (North Atlantic treaty organization) international conference on Afghan istan will be held in Chicago (USA) 14. 45th annual meeting of the board of governors of the Asian Development Bank (ADB) held in Manila (Philippines) attended by Pranab mukherjee . Next will b e in India in 2013. 15. Exercise Shoor Veer conducted by the Army, came to an end in the Thar Desert. 16. United Nations framework convention on Climate - Durban (South Africa) in 20 11 17. 10th BASIC Ministerial Meeting on Climate Change - New Delhi 18. Arab summit 2012 - Baghdad (Iraq) 19. Nuclear security summit 2012 Seoul (South Korea) 20. 12th Annual summit of European Union and India - New Delhi 21. G-20 Finance Ministers and Central Bank Governors meeting - Mexico City 22. Friends of Syria Meeting Istanbul (Turkey) 23. 5th Ministerial level India-UK Economic Financial Dialogue New Delhi 24. United Nation Conference on Sustainable Development 2012 Rio de janeiro (Bra zil) 25. 17th National youth Festival Mangalore (Karnataka) 26. World Economic Forum Davos (Switzerland) 27. World Polio Summit 2012 - New Delhi

Important Obituaries 1. NKP Salve - Union Minister and Ex-BCCI President

2. Homai vyarawala First Indian photographer 3. Kim Jong-Il North Korean leader 4. P K iyengar - Indian nuclear physicist 5. Indira Goswami - Assamese novelist 6. Runako Morton - West Indies batsman 7. MOH Farooq - Governor of Kerala 8. Dev Anand actor 9. S. Bangarappa ex-chief minister of Karnataka 10. Vaclav Havel Ex-President of czech republic GK & Current Affairs IBPS PO Exa m 2012 11. Sailen Manna - Football captain 12. Joy Mukhurji - Actor Important Operation and committee 1. India and USA navy exercise Malabar 2012 2. The IAF's Eastern Air Command commenced Exercise codenamed Pralay 3. Vohra Committee - nexus among politicians, government officials and mafia 4. Ashok Chawla committee to ensure transparency in allocation and pricing of na tural resources 5. Rangrajan committee Financial Inclusion and Sugar industry 6. Kakodkar committee - railway safety 7. Sam pitroda committee - railways 8. Shyamala Gopinath committee Financial frauds 9. M.V. Nair committee Priority lending sector 10. Shivraj patil committee Productivity in Agriculture sector 11. B.K. chaturvedi committee Power sector reform Indias Rank in Important world Index 1. Human development Index 134th 2. World Hunger Index 67th 3. World Corruption Index 95th 4. World Competitiveness Index 56th 5. Annual Global Innovation Barometer 6th Important Personality 1. Managing Director of International Fund Christine Lagarde (France) 2. Vice President of African World Bank Obiageli Katryn Ezekwesili 3. General Secretary of United Nation Ban ki-moon (South Korea) 4. Chief Justice of India S H Kapadia 5. President of Asian Development Bank Haruhiko Kuroda (Japan) 6. Executive Director of India in IMF Arvind Virmani 7. Secretary of IMF Siddharth tiwari 8. President of European Union Herman Van Rompuy 9. Director General of WTO Pascal Lami (France) 10. Governor of RBI Dr. D. Subbarao 11. Deputy Governor of RBI a. Subir Gokarn b. K C chakrabarti c. Anand sinha d. Haroon Rashid khan 12. Deputy chairman of Planning commission Montek singh ahluwalia 13. President of Insurance regulatory development authority (IRDA) J. Harinarany an 14. Chief Information commissioner Satyanand Mishra 15. CMD of NABARD Prakash Bakshi 16. Chairman of PFRDA (Pension fund regulatory and development authority) Yogesh

Agrawal 17. Chairman of NASSCOM Rajendra Pawar 18. Chief Economic adviser of India Kaushik Basu 19. Chairman of 13th Finance commission Vijay Kelkar 20. Human development adviser of UNDP (United nation development programme) Amar tya sen 21. Chairman of SEBI ( Securities and Exchange Board of India) U K Sinha 22. Chairman of Prime minister economic advisory council Dr. C Rangrajan 23. Chairman of LIC D K Malhotra 24. Chairman of CII (confederation of Indian Industry) Adi Godrej 25. Chairman of NHRC (National Human Right commission) K G Balkrishnan 26. Chairman of Unique Identification authority of India Nandan Nilekani 27. President of Indian bank association M D Malya 28. Chairman of SBI Group Pratip Chowdhary 29. Chairman of Competition commission of India Ashok Chawla 30. Lok sabha Speaker Meera Kumar 31. Leader of opposition in Lok sabha Sushma swaraj Leader of opposition in Rajya sabha Arun Jaitely

New Appoinment 1. Chairman of the Atomic Energy Commission - Ratan Kumar Sinha (replaced Srikum ar Banerjee) 2. Attorney-General - Goolam E. Vahanvati (re-appointed) 3. Judge of the International Court of Justice (ICJ) for six-year tenure - Dalve er Bhandari (Judge of Supreme Court) 4. Russia's President for third term - Vladimir Putin (Belong to united Russia p arty, Previously Prime minister of Russia) 5. Russias Prime minister Dmitry Medvedev (Belong to united Russia party, Previou sly President of Russia) 6. Frances President - Francois Hollande (Belong to Socialist Party, Previously N icolas Sarkozy) 7. Chairman of the Telecom Regulatory Authority of India (TRAI) for three years - Commerce Secretary Rahul Khullar (Previously J.S. sarma) 8. President of the European Bank for Reconstruction and Development (EBRD) for four-year term - India-born Suma Chakrabarti 9. Chairman and MD of General Insurance Corporation (GIC) - Mr Ashok Kumar Roy 10. New Pakistan High Commissioner to India - Salman Bashir 11. New president of World Bank - Jim Yong Kim (Korean-born) American citizen. 12. Governor of Uttarakhand - AzizQureshi 13. Governor of Goa - Vanchu 14. Governor of Andhra Pradesh - E S L Narasimhan (re-elected) 15. Governor of Maharashtra - K. Sankaranarayanan (re-elected) 16. US Ambassador to India - Nancy J Powell 17. Army-Chief - Lt General Bikram Singh 18. President of International Chamber of Commerce India (ICC India) - Harsh Pat i Singhania 19. President of Germany - Joachim Gauck 20. Chairman & MD of India Trade Promotion Organisation (ITPO)- Smt. Rita Menon 21. Secretary General of SAARC Ahmad Saleem 22. President of the European Council - Herman Van Rompuy (re-elected) 23. President of Maldives - Dr Mohamed Waheed 24. President of Yemen - Abed Rabbo Mansour Hadi 25. President of Malawi - Joyce Banda 26. President of Nicaragua - Daniel Ortega (re-elected)

27. President of Nigeria - Goodluck Jonathan (re-elected) 28. President of the Federation of Indian Export Organisations (FIEO) - M. Rafee que Ahmed GK & Current Affairs IBPS PO Exam 2012 29. Delhi Metro Rail Corporation 's new MD - Mr. Mangu Singh (previously E Sreed haran) 30. CEO of Prasar Bharti Jawhar Sircar 31. Chairperson of the National Film Development Corporation - Ramesh Sippy 32. Next General president of the Indian Science Congress Manmohan singh 33. India's ambassador to Belgium - Rahul Khullar 34. CMD of Coal India Limited S Narsing Rao 35. President of Associated Chambers of Commerce and Industry of India (ASSOCHAM ) - Mr Rajkumar Dhoot 36. Indian High commissioner to U.K. Jaimini Bhagwati 37. President of FICCI - Mr R.V. Kanoria 38. Directors of RBI's central board - DK Mittal 39. President of Asian organisation of the Institution of the Accountants Genera l (ASOASI) - Mr Vinod Rai (Comptroller and Auditor General of India). 40. President of Guyana - Donald Ramotar 41. Editor-In-Chief of The Hindu group Siddharth varadarajan 42. New king of Malaysia - Sultan Abdul Halim Mu'adzam Shah 43. Union Railway Minister Mukul Roy (Previously Dinesh trivadi, Party - Trinamo ol congress) 44. Union Aviation Minister Ajit Singh (Party Rashtriya Lok dal) 45. Chief Minister of U.P. Akhilesh Yadav (Party Samajwadi party) 46. Chief Minister of Punjab Prakash singh badal (Party Akali dal) 47. Chief Minister of Goa Manohar Parikar (Bharatiya Janata party) 48. Chief Minister of Uttrakhand Vijay Bahuguna (Party Indian national congress) 49. Chief Minister of Manipur Okram Ibobi Singh (Party Indian national congress)

Important Economic news 1. Reserve Bank of India (RBI) cut the policy rates by 50 Basis points in Annual monetary policy of April 2012. Revised Rate of RBI a. Bank Rate 9% (Decreased 50 basis point in April 2012) b. Cash Reserve Ratio 4.75% (Decreased 75 basis point in March 2012) c. Statutory Liquidity Ratio 24% (Unchanged) d. Repo Rate 8% (Decreased 50 basis point in April 2012) e. Reverse Repo Rate 7% (Decreased 50 basis point in April 2012) f. Marginal Standing Facility Rate 9% (Decreased 50 basis point in April 2012 ) g. Growth Rate of GDP (2010-11) 8.4% 2. Growth Rate of GDP (2011-12) 6.9% a. Agriculture sector - 2.5% b. manufacturing sector - 3.9% c. service sector - 11.2% 3. Target for Growth Rate of GDP (2012-13) a. Budget 7.6% b. Monetary policy 7.3% c. United Nation 7.5% d. OECD 7.5% in 2013 4. Inflation rate a. Whole price index - April - 7.23%, March - 6.89% b. Consumer Price index - April 10.36%, March 9.38% 5. Per capita income (2011-12) per year a. At constant prices (2004-05) - Rs.38,005 b. At current prices - Rs. 60,972. 6. Per capita income (2010-11) per year

a. At constant prices (2004-05) Rs. 35,993 b. At current prices - Rs. 53,331. 7. 12th Five Year Plan (2012-17) a. Theme Faster, sustainable and more inclusive growth b. $ 1 trillion (50 Lakh Crore Rs.) investments in Infrastructure in which US D 500 billion will be met by private sector. c. 9 - 9.5% GDP growth d. 4% agriculture growth e. Literacy rate 100% f. Extra Power generation capacity 76000 MW 8. 11th Five year plan recorded 8.2% GDP Growth. Agriculture growth 3.3% 9. Power generation capacity in India now more than 2,00,000 MW. In 11th Five ye ar plan 54,964 MW capacity added. 10. The Micro Finance Institutions (Development and Regulation) Bill, 2012 a. RBI has regulatory power to fix the maximum interest rates that MFIs can c harge and also decide on the fair and reasonable method of loan recovery. b. MFIs have to register in RBI c. Net worth of MFIs 5 Lac Rs d. Micro Finance Development council will be set up e. Loan to MFIs will be consider in priority lending sector for bank 11. In 2011-12 => Import - $488.6 billion (32% Increased) Export - $303.7 billio n (21% Increased)Trade deficit - $184.9 billion 12. Export Target for 2012-13 - $350 billion 13. Basel norms will be implemented in India from 1 January 2013 to 2018 (in wor ld 2013 to 2019) 14. Indian banks would need Rs 3,90,000-5,00,000 crore capital over the next six years in the wake of Basel III capital regulations announced by the Reserve Bank of India (RBI). 15. To attract foreign capital and stabilise the rupee, the Centre has permitted residents of six-member Gulf Cooperation Council (GCC) nations and all 27-nation European Union to invest dir ectly in stock markets and individual overseas investors better known as QFIs (qualified foreign investors) to bring up to $1 billion to the debt market. 16. Earlier In January, the government had permitted QFIs from 34 FATF (Financia l Action Task Force) member countries to invest in the stock market. 17. The Reserve Bank is holding gold reserves of 557.75 tonne valued at USD 27.0 2 billion, which accounts for 9.2 per cent of foreign exchange reserves of USD 294.6 billion. 18. Mauritius Prime Minister Navinchandra Ramgoolam has written to Indian prime minister requesting India not to apply the proposed GAAR (General anti avoidance rule) on companies which have be en given a tax residency certificate (TRC) by Mauritius. 19. Government deferred the introduction of GAAR (General Anti Avoidance Rules) provisions on foreign investors to the next fiscal year. 20. Largest home loan provider - State Bank of India (one lakh crore Rs. to 20 l akh families) 21. The government set up Rangarajan committee to review the Tendulkar Committee methodology for estimating poverty. 22. According to Planning Commission, Poverty line for rural areas is Rs 672 (da ily 22.42 Rs.) and for urban areas is Rs 859 (daily 28.65 Rs.) (2009-10) (average 26 Rs daily). 23. Based on the Tendulkar committee, Planning Commission had announced earlier this year that poverty in the

country has come down from 37.2 per cent in 2004-05 to 29.8 per cent in 2009-10 and the number of poor stood effectively reduced from 40.7 crore to 35.5 crore during the period. 24. Switzerland had agreed to provide details of secret bank accounts to India. 25. The U.S. Department of Transportation (DOT) imposed penalty of $80,000 again st India's national carrier Air India. 26. Oil Ministry slapped penalty of $1 billion on Reliance Industries for failin g to meet gas output targets. 27. Top three according to per capita income: - Goa, Delhi, Haryana. 28. Tax collection at source (TCS) by sellers on cash purchases of jewellery - R s 5 lakh and on bullion Rs. 2 lakh. PAN card is compulsory. 29. Finance Minister withdrew 1% excise duty on branded and unbranded precious m etal jewellery. 30. Rupee plunged to its historic low of 56 against the U.S. dollar due to uncer tainty in the euro zone and fresh crisis in Greece. 31. Stockholm International Peace Research Institute (SIPRI) - India has become the largest importer of arms during 2007-11 (10 per cent of global arms). 32. RBI has decided to set up a $2 billion swap facility for SAARC (South-Asian Association for Regional Co-operation) member-nations. This facility will be available in foreign currency and Indian r upee. 33. The government said gross non-performing assets (GNPAs) of nationalised bank s stood at Rs 59,397 crore at the end of December 2011. 34. India and Pakistan have agreed to do away with requirement of a visa to cros s the border on both sides within a radius of 400 metres at the Attari-Wagah point in Punjab for Customs and other r elated border officials. 35. Prime Minister Manmohan Singh arrived in the Myanmar meets President Thein S ein 36. India and Myanmar expect to double their trade in three years, and despite a delay in introducing a bus link, hope to be connected not just over land and by air but also by rail. Memorandum of Under standing (MoU) singed of US$ 500 million Line of Credit.

37. NPAs of public sector banks stood at about 3.3 per cent of the assets in 201 1-12 as against 2.3 per cent a year ago. Several companies are opting for corporate debt restructuring (CDR) to tide over the difficult financial situation in the backdrop of slowdown. 38. Bank of India re-entered the mutual fund business by forging a joint venture with AXA Investment Managers with 51 per cent stake. 39. OECD (Organization of economic cooperation and development) said India's eco

nomic growth is likely to rise to more than 7.5 percent in calendar year 2013 40. All foreign exchange earners were permitted to retain their entire foreign e xchange earnings in Exchange Earner's Foreign Currency (EEFC) Account with any authorised dealer in India. On a review of this scheme, RBI said, 50% of the balances in the EEFC accounts should be converted forthwith into rupee balan ces and credited to the rupee accounts as per the directions of the account-holder. 41. The Reserve Bank will shortly put in circulation new coins of Rs 5 denominat ion to commemorate 150th year of Comptroller and Auditor General of India (CAG). The coin will bear the logo of C AG along with year "1860-2010" on the bottom of the logo. 42. The government said gross non-performing assets (GNPAs) of nationalised bank s stood at Rs 59,397 crore at the end of December 2011. 43. Moody's downgraded three top private sector banks ICICI Bank, HDFC Bank and Axis Bank on growing concerns over the country's sovereign debt ratings and low level of cross-border diversif ication of their operations. Moody's also downgraded Life Insurance Corporation of India (LIC) following its recent i nvestments in the oil and gas giant Oil and Natural Gas Corporation (ONGC). 44. Seoul-headquartered Woori Bank has set up its first Indian branch in Chennai . 45. IMF lowered India's growth projection to 6.9 per cent for 2012. 46. RBI has made it mandatory for all banks to print the MICR and IFSC code on t he passbook and statement of account of the customers. 47. Reserve Bank asked banks not to levy any penalty on pre-payment of loans tak en on floating rate 48. Record food grain production in India 2011-12 => 252.56 million tones Wheat production => 90.23 million tones Rice production =>103.41 million tones 49. The interest rate on the Employees' Provident Fund will be increased to 8.6 per cent from 8.25 per cent for the current fiscal. 50. RBI permitted RRB and cooperative bank to participate in Centralized Payment systems. Now these banks can transfer fund through NEFT and RTGS. 51. Foreign exchange reserves in India on March 2012 $296 billion dollar 52. Centre launched a $2 billion infrastructure debt fund (IDF) to catalyse long -term lending to core sectors. The fund, which will be set up jointly by private sector lender ICICI Bank, Bank of Baroda , Citibank and Life Insurance Corporation of India (LIC) 53. Cheque and Draft will be valid for 3 month from 1 April 2012. 54. Tele density in India in December 2011 76.86% 55. After SBI and NABARD ownership of National Housing Bank (Now RBI hold 100% s hare) will be transferred from RBI to Government MPORTANT COMMITTEES Justice B.N.Srikrishan Committee:---------------------------------- Telengana is sue Tarapore Committee : ------------------Full Convertibility of Rupee into capital account

Kaushik Basu Committee : -------------------Revenue Forecasting Model Design Malegam Committee :---------------- Micro Finance/Urban Co-operative banking Lic enses Vijay Kelkar Committee : -----------------------------Tax Structure Narshima Committee :----------------------- Banking Structure Reforms Deepak Parekh Committee :----------------------------- Infrastructure Finance D. P. Wadhwa Committee : ------------------------------Public Distribution syste m C. Rangarajan committee : --------------Effective management of public expenditu re J.P.C.(Joint Parliamentary committee):------ HeadMurliManohar joshi(30 members),f or 2G spectrum National Human Rights Commission:--------------- Justice K. G. Balakrishnan(Chai rman) Justice B. Sudarshan Committee: ------ Removal of Justice Soumitra Sen(Kolkata H C) Ranga Rajan Committee :------------------ Recommendation of computers in Banks Kirath Parekh Committee :------------- Market the petrol prices Shiv Raman Committee : --------------------NABARD establishment Tendon committee ----------------------------- Deemed University E.R.Rammohan Committee--- Dentevada Accident(74 soliders killed in van bomb blas t) S. Erani Committee ----------------------------Reservation for gujjars Suresh D Tendulkar Committee -----------------BPL count from 6.25 to 8.07cr i.e. 37.2% National Advisory Committee --------------------------Sonia Gandhi