[Alert] CSAT halltickets uploaded on UPSC website, take a printout

Enter your email address

Once you subscribe,
you'll get my full articles
in your email for free!
See Below
The Number of readers
I already have!

All those who've not recieved halltickets / admit cards for CSAT 2011 [just like me] can download their hallticket from following link

http://upsc.gov.in/Query/csp/csp_venue_query.htm#PageTop

[type your application number (offline) or registration number (online applied)] and then take a print out of that page alonghwith two passport size photographs & a Photo ID Proof, it  can also be used for appearing in the Examination i.e. on 12th June 2011.

Paper-1 @ 9.30 to 11.30
Paper-2 @ 2.30 to 4.30

Courtesy : dontheone @IOforum

[Hall-ticket] If it doesn't come, don't worry

Enter your email address

Once you subscribe,
you'll get my full articles
in your email for free!
See Below
The Number of readers
I already have!

I had applied via online, haven't got my admit card(Hall ticket) yet.

Some people have recieved it, many still awaiting.
There almost 3-4 lakh hall-tickets to be sent, so postal department gets congested with work and it takes time. So don't worry it will come.

In the worst case: if it doesn't come via post, still don't worry. because UPSC will upload everyone's hallticket on their website, a week before the exam. so you'll be able to download it from there, take a printout and use it.

[Economy] List of all 43 articles written by me so far on economy

Enter your email address

Once you subscribe,
you'll get my full articles
in your email for free!
See Below
The Number of readers
I already have!

I've received many mails asking me about different economy related questions. Sorry friends I can deal with them only after prelim (few nights and lot to revise!) I'll get back to you on that but in the mean time here is the List of All Economy articles written by me so far upto 14 May 2011

1. No Frills account: Meaning advantages
2. Fiscal stimulus package : meaning and example
3. Contradiction in GDP (Expenditure) formula?
4. Who is the regulator of capital market in India?
5. 3 audit reports of CAG
6. NNP, NDP, GNP,GDP,NNPFC,NNPMP & other stuff
7. GDP DEFLATOR, REAL AND NOMINAL GDP
8. GDP at Factor cost and Market price (GDPFC & GDPMP), NNPFC,NNPMP
9. [Economy] 3 Methods of calculating GDP
10. Minimum Alternative Tax (MAT) its provisions in DTC
11. Difference between Tax and Cess
12. Effect of Coal prices on WPI (Whole sale price index)
13. Operating ratio in Railway budget
14. How Foreign Direct Investment (FDI) would influence the Economy
15. Badlaa system or Carry forward transaction
16. Greece crisis and Sovereign Default
17. Capital and Current Account Convertibility brief explanation
18. Difference between NBFC MFI CEPA CECA Current and Capital account
19. Micro finance and its problems
20. RBI prints more money when and its implication on gold and forex reserves
21. Future options call option put option
22. Infy at 3000 premium 100 what does that mean?
23. Oil hedging and its impact on Oil subsidy
24. Wayda Bazaar or Futures market
25. Lower trade deficit and its effect on economy
26. Capital Adequecy ratio
27. what are equity, bonds and debentures ?
28. How to calculate GDP (PPP) and GDP nominal?
29. Why use GDP (nominal) instead of GDP (PPP) when comparing two nations?
30. Purchasing power parity: The case of China and Japan GDP
31. Repo rate and Reverse repo rate, How they curb inflation?
32. ADR and GDR
33. CDS : Credit default swaps
34. Yield Spread and its use
35. Credit crunch Meaning example and implications
36. How do changes in CRR and SLR affect the economy?
37. What is Insider trading
38. [Economy] very good blog on Economy by Sivaharimani
39. [Economy 4 Newbies] Backwash and Spread Effect in Economic Development by Puneeth
40. [Economy 4 Newbies] Types of Economic Agreements by Don1234
41. [Economy for newbies] LPG - Liberalisation, privatization, Globalisation | Structural Reform | New Economic Policy
42. [Economy for Newbies] Diagram for CRR, SLR,Repo, reverse repo,Bank Rate etc.
43. [Economy] Learning basic things : GDP GNP NNP

[Economy Q] No Frills account: Meaning advantages

Enter your email address

Once you subscribe,
you'll get my full articles
in your email for free!
See Below
The Number of readers
I already have!

Tweetbanshi asked,

What is no frill account?plz reply

Ans:

In simple words it :If a company makes its service/product cheaper by removing the extra features, that is no frill.

eg. Mobile phone postpaid package without unlimited ringtones or free night talk.
Dish TV package without 100 sports channels.

For our discussion purpose :
No frill account is a type of bank account, with low / Zero balance requirement with extra-features removed.

RBI came up with this No-frill concept, because poor people cannot open regular bank accounting having requirements like Rs.5000/- minimum balance etc.
So there are no frill accounts for them. So that poor people can open bank accounts and take loans, that'll save them from the 36% interest rate charged by the evil money lenders.

For example

Allahabad banks no frill account

1. - Account can be opened with a minimum initial deposits of Rs.5/- and maintained at the minimum balance of Rs 5, no penalty charges will be deducted in case the minimum balance reaches zero.
2. - The Account holders will not be eligible for Cheque Book and ATM card facilities
3. - Maximum numbers of withdrawals are restricted to 30 every 6 months.
4. - Duplicate passbook may be issued to the account holder with a charge of Rs.10/-

As you can see above, it doesn't have the extra-features like Cheque book and ATM etc. So it is no-frill (because extra-features removed).

Advantages

Apart from the features mentioned above,

1. Rural women can put their hard earned money in it, less chances of theft or husband spending it on Desi liquor.
2. Can get easy loans, saved from the clutches of moneylenders.
3. Some banks even offer free of charge DD (demand drafts) like 2 per month.
4. No frill account holder can convert his/her account to regular saving account later.
5. Financial inclusion, Empowerment, Development, ....(Kurukshetra, Yojana, Frontline stuff)
6. Less chances of that good-for-nothing ***** bank forcefully sending you credit card behind your back along with hidden insurance and service charges and then refusing to take it back.

Disadvantages

• None. Although it has limited withdrawals, no chequebook/ATM but think about the targeted poor people. They don't need it much, they just need a place to safely park their money.
• It's same like buying a no-sports channel DTH package, doesn't put you on disadvantage because you never really wanted to see those channels in the first place!