The Madhav Chitale Committee recently submitted its report, which was related to the issue of?

Q. The Madhav Chitale Committee recently submitted its report, which was related to the issue of:

A. Identification of rivers for speedy implementation of the National Waterways Project

B. Pattern of management and funding for inter-state river interlinking projects

C. De-siltation of River Ganga

D. Role of the Farakka Barrage in causing floods in the state of Bihar

Continue reading The Madhav Chitale Committee recently submitted its report, which was related to the issue of?

15 things to know about Paytm Payments Bank

One97 Communications founder Vijay Shekhar Sharma led digital wallet company Paytm now launched as Paytm Payments Banks. 

Main points to remember:

1. The maiden branch of Paytm Payments bank opens in the National Capital region of Delhi in Noida. 

2. Bank plans to expand to 31 branches and 3,000 customer service points in its first year.

3. Paytm Payments Bank accounts will initially be available on an invite-only basis. In the first phase, the company will roll out its beta banking app for its employees and associates.

4. Paytm Payments Bank will offer zero balance accounts. 

5. Paytm Payments Bank is a differentiated bank. So, it can accept Rs 1 lakh per account, as per RBI (Reserve Bank of India) guidelines for payment banks. A payments bank cannot lend or give advance to customers. It can issue cheque books and debit cards but not credit cards.

6. The bank will offer 4 per cent interest per annum on deposits. 

7.  Paytm will offer virtual Rupay debit cards to customers immediately and physical card on request for withdrawing cash from any ATM in the country. 

Annual subscription fee for ATM will be Rs. 100 plus delivery charges. 

8. Paytm currently has around 220 million customers who use its digital wallet. The wallets will be shifted to the payments banks and users will have to comply with ‘know your customer’ (KYC) norms for opening accounts.

9. The bank will charge for cash withdrawal using ATM similar to other commercial banks. There will be 5 free transactions in non-metro cities and 3 free transactions in metro cities. After that, the bank will charge Rs. 20 for each transaction. 

10. The bank will charge Rs. 5 for printing out a mini-statement after free transaction limit. 

11. For physical statement, the customer will have to pay Rs. 50 plus delivery charges to the bank. 

12. The bank will provide 10 leaves checkbook at a cost of Rs. 100 plus delivery charges. 

13. All online transactions via channels like IMPS, RTGS, and NEFT will be free of charge. 

14. With the launch of Paytm Payments Bank, there are now 3 Payment Bank in India. Others are Airtel Payments Bank Ltd and India Post Payments Bank Ltd. 

15. Existing Paytm users will be transferred to the Paytm Payments Bank Limited automatically as the wallet business will become part of the new company.


Quiz 03- Current Affairs 

The quiz given below is important for various competitive examinations.

Please answer the following questions. (You can find the answer key at the end of the post.)

1.  India’s first ever micro drama festival was held in which city? 

A. Lucknow

B. Kolkata

C. Bhopal

D. New Delhi

2. Which country has given its honorary citizenship to Nobel Peace Prize laureate Malala Yousafzai?  

A. Britain 

B. France 

C. Canada 

D. Australia 

3. “Sagarmatha Friendship 2017” was the joint military drill between which two countries? 

A. India and Nepal

B. Nepal and Myanmar

C. China and Nepal

D. Russia and Nepal

4. Who topped the reader’s poll for TIME-100, an annual list of world’s most influential people? 

A. Narendra Modi

B. Rodrigo Duterte

C. Donald Trump

D. Satya Nadela

5. Which woman of Indian origin, recently, was named the ‘Asian Business Woman of the Year’? 

A. Pramila Jaipal

B. Anuja Dheer

C. Asha Khemka

D. Shefali Rajdan

6. Who won the Singapore Open Super Series? 

A. Kidambi Shrikant

B. B. Sai Praneeth

C. Saurabh Verma

D. Ajay Ram

7. To encourage the tourism in India, Indian Railway has designed a special coach which was flagged off recently on trial basis. Name this coach? 

A. Fairy Queen coach

B. Maharaja coach

C. Vistadome coach

D. Royal coach

8. According to recently released,  Swachh Bharat Survey 2017, which is the cleanest city of India? 

A. Bhopal

B. Indore

C. Tirupathi

D. Mysuru

9. Who was crowned recently as Miss Teen Universe 2017? 

A. Srishti Kaur

B. Xirelle Augustin 

C. Nicole Obando 

D. Prachi Kaur

10. 64th National Award for the Best book on cinema was given to? 

A. Silent Cinema

B. Cinema ga Cinema

C. R. D. Burman: The Man The Music

D. Lata: Sur Gatha


Answer key 

1. D. New Delhi

Read the news Vriksh, India’s first micro-drama festival, looks to say it all in 10 minutes

2. C. Canada 

Read the news Malala is ‘humbled’ by honorary Canadian citizenship

3. C. China and Nepal

Read the news Nepal-China joint military drill kicks off

4. B. Rodrigo Duterte

Read the news Philippine President Rodrigo Duterte Wins TIME 100 Reader Poll

5. C. Asha Khemka

Read the news British-Indian educationist named ‘Asian Businesswoman of the Year’

6. B. B. Sai Praneeth

Read the news Singapore Open Final: B Sai Praneeth wins the Singapore Super Series title

7. C. Vistadome coach

Read the news Glass Roofs to Rotating Chairs: 6 Incredible Facts About the Indian Railways’ New Vistadome Coaches

8. B. Indore

Read the news Indore is India’s cleanest city, UP’s Gonda dirtiest: Swachh Bharat survey

9. A. Srishti Kaur

Read the news Noida’s Srishti Kaur wins Miss Teen Universe 2017; watch the crowning moment

10. D. Lata: Sur Gatha

Read the news National Film Awards 2017: Akshay Kumar, Sonam Kapoor felicitated by Pranab Mukherjee

Union HRD Ministry Launched ‘Wall of Valour’ in 1,000 educational institutions across the country

Minister of Human Resource Development Shri Prakash Javadekar and Minister of State for Defence Dr. Subhash Bhamre jointly launched a campaign to have a ‘Wall of Valour’ in 1,000 educational institutions across the country.

What is ‘Wall of Valour’?

In this campaign, portraits of Param Vir Chakra (PVC) decorated soldiers will be displayed at designated places on educational campuses to instill sense of nationalism among the students.

This is part of a nationwide ‘Vidya Veerta Abhiyan’, initiated by writer and former Rajya Sabha member Shri Tarun Vijay.

Following are 21 Param Vir Chakra recipients whose portraits will honor the selected educational institutions:

  1. Major Somnath Sharma, 4 Kumaon, (Posthumous), 1947
  2. Second Lieutenant Rama Raghoba Rane, Bombay Sappers, 1948
  3. Company Havildar Major Piru Singh, 6 Rajputana Refiles, (Posthumous), 1948
  4. Lance Naik Karam Singh, 1 Sikh, 1948
  5. Naik Jadunath Singh, 1 Rajput, (Posthumous), 1948
  6. Captain Gurbachan Singh Salaria, 3/1 Gorkha Rifles, (Posthumous), 1961
  7. Major Shaitan Singh, 13 Kumaon, (Posthumous), 1962
  8. Subedar Joginder Singh, 1 Sikh, (Posthumous), 1962
  9. Major Dhan Singh Thapa, 1/8 Gorkha Rifles, 1962
  10. Company Quartermaster Havildar Abdul Hamid, 4 Grenadiers, (Posthumous), 1965
  11. Lieutenant Colonel A B Tarapore, Poona Horse, (Posthumous), 1965
  12. Flying Officer Nirmal Jit Singh Sekhon, 18 Squadron, (Posthumous), 1971
  13. Major Hoshiar Singh, 3 Grenadiers, 1971
  14. Second Lieutenant Arun Khetarpal, Poona Horse, (Posthumous), 1971
  15. Lance Naik Albert Ekka, 14 Guards, (Posthumous), 1971
  16. Major Ramaswamy Parameswaran, 8 Mahar, (Posthumous), 1987
  17. Naib Subedar Bana Singh, 8 JAK LI, 1987
  18. Grenadier Yogender Singh Yadav, 18 Grenadiers, 1999
  19. Captain Vikram Batra, 13 Jammu and Kashmir Rifles, (Posthumous), 1999
  20. Rifleman Sanjay Kumar, 13 Jammu and Kashmir Rifles, 1999
  21. Lieutenant Manoj Kumar Pandey, 7/11 Gorkha Rifles (Posthumous), 1999



  1. ‘Wall of Valour’ IN Educational Institutions Launched, 02-May, 2017, Press Information Bureau, Government of India
  2. Photo Credit: By Government of India – Indian Navy, Public Domain,



Current Affairs Update- 25 April 2017 

1. India celebrated 8th National Panchayati Raj Diwas on 24th April 2017. 

This date marks a defining moment in the history of decentralization of political power to the grassroots level

On this date in 1993, the Constitution (73rd Amendment) Act, 1992 came into force which institutionalized Panchayati Raj through the village, Intermediate and District level Panchayats.

The first Panchayati Raj Diwas was celebrated in 2010.

2. Government of India has selected  the renowned film maker and actor Kasinathuni Vishwanath for prestigious Dadasaheb Falke Award 2016. 

Dadasaheb Falke Award, the highest for the Indian Cinema,  is conferred by the government for outstanding contribution to the growth and development of Indian cinema.

The award consists of a Swarn Kamal (Golden Lotus), a cash prize of Rs 10 lakh and a shawl.

3. Social activist Prafulla Samantra was announced one of six winners of the Goldman Environmental Prize. 

Mr. Samantra was one of the key leaders responsible for rallying tribes, indigenous to Odisha’s Niyamgiri region, and using legal provisions to thwart mining-to-metals conglomerate, Vedanta. The company has been forced to suspend plans to mine bauxite.

The Goldman Environmental Prize is a prize awarded annually to grassroots environmental activists, one from each of the world’s six geographic regions: Africa, Asia, Europe, Islands and Island Nations, North America, and South and Central America.
Since 1990 when the awards were first instituted, five Indians — Medha Patkar, M.C. Mehta, Rasheeda Bi, Champaran Shukla and Ramesh Agrawal — have won the prize.

4. Prime Minister Narendra Modi said in the meeting of the governing Council of NITI Aayog,  to have the financial year changed to January-to-December in place of the existing April-to-March and urged the states to take the initiative in this regard.

5.The Indian Space Research Organisation (Isro) is planning to develop a 175 kg satellite to study Venus, the second planet from the Sun.

Venus is often described as the twin sister of the Earth because of the similarities in size, mass, density, bulk composition and gravity.

However, Venus is around 30 per cent closer to the sun as compared to Earth, resulting in much higher solar flux.

Exploration of Venus began in the early 1960s. Venus has been explored by flyby, orbiter, a few lander missions and atmospheric probes.

6. State-owned State Bank of India and realtors’ body CREDAI have signed an agreement to provide loans at a concessional rate to builders as well as customers for affordable housing projects.

The duration of the agreement is for a period of three years.

7. National Bank for Agriculture and Rural Development (Nabard) has extended Rs 9,241 crore as refinance support to cooperative banks and regional rural banks (RRBs) in Gujarat for providing crop loans to farmers during 2016-17. 

Nabard has provided Rs 2,274 crore to the state government for irrigation projects under rural infrastructure development fund (RIDF). The fund was given for Saurashtra-Narmada Avataran Irrigation Yojana (SAUNI) link 2 and 4, lift Irrigation project from Kadanna reservoir and Sardar Sarovar canal based drinking water supply project.

8. Bihar becomes the second state after Telangana to pass GST bill.

The Bihar Goods and Services Tax (GST) Bill, 2017, was passed by the bicameral state legislature on 24th April 2017.

Bihar was also the second state in the country, after Assam, to rectify the constitutional amendment Bill.

9. Cabinet Secretary Pradeep Kumar Sinha was given a one-year extension, till June 12 2018. 

Sinha was in May 2015 named as cabinet secretary for a fixed two-year term. He took over the job from June 13.

Sinha, a 1977-batch IAS officer of the Uttar Pradesh cadre, had succeeded Ajit Seth who held the position for four years.

What is the role of Cabinet Secretary? 

The Cabinet Secretariat is under the direct charge of the prime minister.

The administrative head of the secretariat is the cabinet secretary who is also the ex-officio chairman of the civil services board.

The Cabinet Secretariat assists in decision-making in government by ensuring inter-ministerial coordination, ironing out differences among ministries or departments and evolving consensus through the instrumentality of the standing or adhoc committees of secretaries.

10. Union government has issued a new model for Agriculture produces, the Agricultural Produce and Livestock Marketing (Promotion and Facilitating) Act or APLM. 

The new model will replace the Agricultural Produce Marketing Committee (APMC) Act 2003.

Under the new model-

  • Buyers might not have to pay more than 1 per cent of the transacted value as mandi fee in case of fruit and vegetables and two per cent in case of other items.
  • The mandi tax won’t be under any condition charged from the farmer or seller.
  • Agents would to be allowed a commission of more that two per cent by value for non-perishable items; for perishables like fruit and vegetables, not more than four per cent.
  • the state director of agricultural marketing will be the sole authority for granting trading licences to traders or commission agents, taking this over from existing APMCs.
  • any agricultural processing company, retail chains like Walmart or Big Bazaar, farmers’ cooperative with linkages to retail chains and farmer-producer companies can purchase farm goods directly from cultivators, outside the limits of any mandi or private market yard, after getting a licence for doing so.

The new model would open the door for multiple modes for sale and purchase of produce — private wholesale market (‘mandis‘), market yards operated by groups of individuals, licences to private entities for temporary bulk purchase directly from farmers.

Agriculture is a state subject; the Centre can recommend what it wishes to see.

Current Affairs update-23 April 2017

1. International Mother Earth Day was observed on April 22 worldwide.

This year’s campaign is all about environmental & climate literacy.

Each year, Earth Day—April 22—marks the anniversary of the birth of the modern environmental movement in 1970.


After witnessing the ravages of the 1969 massive oil spill in Santa Barbara, California, USA,  U.S. Senator from Wisconsin Gaylord Nelson came with the idea of infusing energy of a mass movement (he was inspired by the student anti-war movement) with an emerging public consciousness about air and water pollution.   It would force environmental protection onto the national political agenda. The idea for a national day to focus on the environment came to known as Earth Day.,

It would force environmental protection onto the national political agenda. The idea for a national day to focus on the environment came to known as Earth Day.,

The idea for a national day to focus on the environment came to known as Earth Day.

Senator Nelson announced the idea for a “national teach-in on the environment” to the national media; persuaded Pete McCloskey, a conservation-minded Republican Congressman, to serve as his co-chair; and recruited Denis Hayes from Harvard as national coordinator. Hayes built a national staff of 85 to promote events across the land. April 22, falling between Spring Break and Final Exams, was selected as the date.

On April 22, 1970, 20 million Americans took to the streets, parks, and auditoriums to demonstrate for a healthy, sustainable environment in massive coast-to-coast rallies.


2. The Haryana Government has given the second extension of six months to Jha commission to complete its investigation into the conspiracy angle in the violence that occurred during the Jat quota stir in February 2016.

The commission comprises Justice SN Jha (retired), a former chief justice of the Jammu and Kashmir high court, as its chairman, and NC Padhi, IPS(retired) as its member.been extended for another six months, from April 8,

With this extension, now the commission has time from April 8, 2017 to October 7, 2017 to probe the conspiracy.

The commission was set up in April 2016 exclusively to probe conspiracy, if any, behind the violence.

Earlier, the Prakash Singh Committee had examined the role of officers during the agitation and violence.


3. Payments technology company and soon-to-be-launched payments bank Fino Paytech to help National Bank for Agriculture and Rural Development (NABARD) digitise rural banks across 5 states.

Fino will assist the digitisation drive in the states of Haryana, MP, Bihar, Gujarat and Maharashtra.

Fino will provide over 5000 Aadhaar enabled micro ATMs and financial inclusion gateway services to district central cooperative (DCC) banks and Primary Agricultural Credit Societies (PACS) across these states.


4. Au Financiers India, a non-banking finance company (NBFC), has converted itself into a small finance bank by the name AU Small Finance Bank.

AU obtained a fresh certificate of incorporation from the Corporate Affairs Ministry on April 13 and the Reserve Bank of India on April 19 notified the commencement of operations of this small finance bank.

AU started out as an NBFC and was engaged in the business of extending commercial/personal vehicle loans, micro, small and medium enterprise (MSME) loans and SME loans, serving primarily the low-, middle-income, and under-served customer segments.

As an NBFC, AU had a network of 300 branches spread across 10 States — Rajasthan, Maharashtra, Gujarat, Madhya Pradesh, Punjab, Delhi, Haryana, Himachal Pradesh, Chhattisgarh and Goa.

Small Finance Banks

Small Finance Banks are a type of niche banks which are specially created to serve banking services in unbanked and under-banked regions in the country.

In the Union budget 2014-2015 presented on July 10, 2014, the Hon’ble Finance Minister announced to develop such banks and are contemplated to meet credit and remittance needs of small businesses, unorganised sector, low-income households, farmers and migrant workforce.


5. The Reserve Bank of India signed a Memorandum of Understanding (MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with Bank of Guyana.

The Reserve Bank has entered into Memorandum of Understanding, Letter for Supervisory Co-operation and Statement of Co-operation with supervisors of a few countries to promote greater co-operation and share supervisory information. With this RBI has signed 40 such MoUs, one Letter for Supervisory Co-operation and one Statement of Co-operation.

Supervisory Cooperation and Exchange of Supervisory Information

The Basel Committee on Banking Supervision (BCBS) is the primary global standard setter for the prudential regulation of banks and provides a forum for cooperation on banking supervisory matters. Its mandate is to strengthen the regulation, supervision and practices of banks worldwide with the purpose of enhancing financial stability.


6. The government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds 2017-18 – Series I (“the Bonds”).

Applications for the bond will be accepted from April 24, 2017 to April 28, 2017.

The Bonds will be issued on May 12, 2017.

The Bonds will be sold through Scheduled Commercial Banks (excluding RRBs), designated Post Offices (as may be notified), Stock Holding Corporation of India Ltd (SHCIL) and recognized stock exchanges viz., National Stock exchange of India Limited and Bombay Stock Exchange Ltd.

The Bonds shall be denominated in units of one gram of gold and multiples thereof.

Minimum investment in the Bonds shall be one gram with a maximum limit of subscription of five hundred grams per person per fiscal year (April – March).

Investment in the Bonds shall be eligible for Statutory Liquidity Ratio (SLR).

The Bonds shall be repayable on the expiration of eight years from May 12, 2017, the date of issue of Gold bonds. Premature redemption of the Bond is permitted from

Premature redemption of the Bond is permitted from the fifth year of the date of issue on the interest payment dates.


7. India has won elections to two subsidiary bodies of a UN organ focussed on social and economic issues.

India along with 12 other members was elected to the Committee for Programme and Coordination (CPC), a subsidiary body of the UN Economic and Social Council (ECOSOC).

The 13 members elected for three-year terms, beginning January 2018. include Burkina Faso, Iran, Japan, Pakistan, Belarus, Bulgaria, Moldova, Brazil, Chile, Cuba, the United Kingdom and

Other members include Burkina Faso, Iran, Japan, Pakistan, Belarus, Bulgaria, Moldova, Brazil, Chile, Cuba, the United Kingdom and the United States.

India, along with 19 other nations, was also elected by acclamation to the International Narcotics Control Board for a four-year term beginning January 2018.


8.  First ‘India Indonesia Energy Forum’ held in Jakarta.

On this occasion, a Memorandum of Understanding between the Ministry of Petroleum and Natural Gas, Government of India and the Ministry of Energy and Mineral Resources of the Republic of Indonesia on cooperation in the field of Oil and Gas was signed.

The MOU seeks to establish a cooperative institutional framework to facilitate and to enhance bilateral cooperation in the field of oil and gas sectors on the basis of equality and mutual benefit.

India is the third largest importer of coal from Indonesia. India’s imports of coal from Indonesia amounted to US$ 3.5 billion in 2016.


9. The World Bank, in its latest report, said that the remittances to India drop to 8.9% in 2016.

However, India retained the top spot among remittances receiving nations, according to the report.

According to the report, remittance to the South Asian region declined by 6.4% in 2016 in the face of lower oil prices and fiscal tightening in the GCC countries. “Nationalisation” policies aimed at lowering the unemployment rate of nationals have slowed employment of foreign workers, impacting remittance flows to South Asia, the report said.


10. Minister of State (Independent Charge), Labour & Employment Shri Bandaru Dattatreya gave away ‘NSCI Safety Awards’ for the year 2016 to 70 organisations.

The NSCI Safety Awards are coveted national level awards in the field of Workplace Safety, Health and Environment and given in recognition of establishing effective Safety Management System and excellent safety & health performance by the organisations in Manufacturing, Construction and MSME Sectors during the relevant assessment periods. These Awards are adjudged and declared every year by the National Safety Council.

National Safety Council is a self-supporting non-profit autonomous society, set up by the Ministry of Labour and Employment, Govt. of India on 4th March 1966. Its aim is strengthening a national movement on Safety, Health & Environment to prevent and mitigate a loss of life, human suffering & economic losses and provide support services.

As part of the Council’s services, it has been operating Safety Awards Scheme at the national level for three sectors viz. industrial undertakings (Manufacturing Sector), Construction Projects (Construction Sector) and Micro, Small and Medium Enterprises (MSME Sector). The main objective of the scheme is to provide national recognition to the organisations which have achieved and sustained a meritorious performance in Occupational Safety & Health (OSH) and for implementing effective OSH management systems, practices and procedures.

Read the full list of Winners of the NSCI Safety Award 2016.