Day: December 14, 2022

“Success rate of Indian startups is higher than rest of the world” said the commerce minister.

The success rate of startups in India is relatively higher than the rest of the world, Union commerce minister Piyush Goyal said while answering a question in the Lok Sabha on 14th december.

The number of recognised startups has increased from 452 in 2016 to 84,012 as on November 30, 2022, the Minister said.
Startups are offered the funding at various stages of their business cycles through the Fund of Funds for Startups (FFS), Startup India Seed Fund Scheme (SISFS), and Credit Guarantee Scheme for Startups (CGSS).

The SISFS has been approved with a corpus of 945 crore and has also been sanctioned for four years beginning in 2021–22. It aims to give entrepreneurs financial support for concept proofing, prototype development, product trials, market-entry, and commercialization.

"Success rate of Indian startups is higher than rest of the world" said the commerce minister.

The success rate of startups in India is relatively higher than the rest of the world, Union commerce minister Piyush Goyal said while answering a question in the Lok Sabha on 14th december.

The number of recognised startups has increased from 452 in 2016 to 84,012 as on November 30, 2022, the Minister said.
Startups are offered the funding at various stages of their business cycles through the Fund of Funds for Startups (FFS), Startup India Seed Fund Scheme (SISFS), and Credit Guarantee Scheme for Startups (CGSS).

The SISFS has been approved with a corpus of 945 crore and has also been sanctioned for four years beginning in 2021–22. It aims to give entrepreneurs financial support for concept proofing, prototype development, product trials, market-entry, and commercialization.

Vande Bharat trains has faced multiple accidents with cattles since operation.

Indian Railways’ premier train Vande Bharat Express which now operates on six routes across the country has recorded 68 instances of animal hit in the last six months starting from June this year.

This information was given by the Union Minister of Railways, Ashwini Vaishnaw in a written reply to the Lok Sabha on 14 December in a query to the number of incidents of Vande Bharat Express trains hit by animals in the last six months. Union Railway Minister in another reply said that the shell structure of Vande Bharat coach is made of high-grade steel. However, the coupler cover fitted in front of the Vande Bharat train as part of nose cone which provides aerodynamic profile to the train is made of fibre reinforced plastic to absorb the impact of hit.

Replying to another question, Vaishnaw said currently the Vande Bharat trains are running with sitting capacity with a maximum distance of 500 to 550 km and once the Vande Bharat trains with sleeping facilities will ply, the trains will cover longer distances

Vande Bharat trains has faced multiple accidents with cattles since operation.

Indian Railways’ premier train Vande Bharat Express which now operates on six routes across the country has recorded 68 instances of animal hit in the last six months starting from June this year.

This information was given by the Union Minister of Railways, Ashwini Vaishnaw in a written reply to the Lok Sabha on 14 December in a query to the number of incidents of Vande Bharat Express trains hit by animals in the last six months. Union Railway Minister in another reply said that the shell structure of Vande Bharat coach is made of high-grade steel. However, the coupler cover fitted in front of the Vande Bharat train as part of nose cone which provides aerodynamic profile to the train is made of fibre reinforced plastic to absorb the impact of hit.

Replying to another question, Vaishnaw said currently the Vande Bharat trains are running with sitting capacity with a maximum distance of 500 to 550 km and once the Vande Bharat trains with sleeping facilities will ply, the trains will cover longer distances

Banking Exams

 Banking exams in India are crucial for those aspiring to build a career in the banking sector, offering opportunities to work in esteemed public sector banks, private banks, and regional rural banks. Here are some key points about banking exams in India:

  1. Popular Banking Exams:

    • IBPS Exams (Institute of Banking Personnel Selection): IBPS conducts various exams such as:
      • IBPS PO (Probationary Officer): For recruiting Probationary Officers in public sector banks.
      • IBPS Clerk: For recruitment of Clerical Cadre in public sector banks.
      • IBPS Specialist Officer: To hire candidates for specialized roles like IT Officer, Marketing Officer, HR Officer, etc.
    • State Bank of India (SBI) Exams: SBI conducts its exams for positions like SBI PO, SBI Clerk, and Specialist Officers.
    • RBI Exams: Reserve Bank of India conducts exams for recruitment in various roles including Grade B Officers, Assistants, etc.

  2. Exam Structure:

    • Preliminary Examination: Usually a multiple-choice format assessing candidates’ proficiency in English, Quantitative Aptitude, Reasoning Ability, and General Awareness.
    • Mains Examination: A more in-depth test covering similar subjects but with higher difficulty levels. This phase might also include sections on Descriptive English, Data Analysis & Interpretation, Financial Awareness, etc.
    • Interview/Group Discussion: Candidates who qualify in the Mains are usually called for a final round of interviews or group discussions, depending on the exam.

  3. Preparation and Competition:

    • Intensive Preparation: Aspirants often prepare through rigorous study plans, solving mock tests, and practicing previous years’ question papers to improve speed and accuracy.
    • High Competition: Banking exams witness high competition due to the large number of aspirants vying for a limited number of vacancies.

  4. Eligibility Criteria:

    • Educational qualifications, age limits, and other specific requirements vary for different banking exams.

  5. Career Opportunities:

    • Successful candidates secure positions as Probationary Officers, Clerks, Specialist Officers, etc., in various banks, providing opportunities for career growth, stability, and skill development.

  6. Job Benefits:

    • Banking jobs offer several perks such as job security, attractive salary packages, allowances, healthcare benefits, and opportunities for career advancement through promotions and transfers.

  7. Role in Economic Development:

    • Employees in the banking sector play a vital role in the nation’s economic development by facilitating financial transactions, providing banking services, and supporting financial inclusion initiatives.

Banking exams provide a gateway to a promising career in the financial sector, offering candidates a chance to contribute to the country’s banking and economic landscape.