Friday, 23 October 2015

The book titled The Courage to Act – A Memoir of a Crisis and Its Aftermath authored by Ben S. Bernanke was released in the first week of October 2015. The author throug3h the book has questioned the inflation targeting policy followed by Federal Reserve even during the recession and in turn has proposed the adoption Nominal Gross Domestic Product (NGDP) policy to better deal with recessions like 2008 Financial Crisis. The Courage to Act recounts and explains the worst financial crisis and economic slump in America since the Great Depression, providing an insider’s account of the policy response.
Hoesung Lee, a Korean professor of economics of climate change, energy and sustainable development, was on 6 October 2015 elected as the Head of the Inter-governm4ental Panel for Climate Change (IPCC) at its 42nd session in Dubrovnik, Croatia. Lee was elected by 78-56 votes in a run-off with Jean-Pascale van Ypersele of Belgium. A total of six candidates had been nominated for the post. He succeeded RK Pachauri of India, who stepped down in February 2015 after a female researcher accused him of sexual harassment. Lee has served various roles including his role as an executive member of the Korean Academy of Environmental Sciences; as a member of the Asia Development Bank President’s advisory board; as a council member of the Global Green Growth Institute and as an editorial board member of the UK based Climate Policy. He was the founding president of the Korea Energy Economic Institute and the former president of the International Association for Energy Economics. He also served Intergovernmental Panel on Climate Change (IPCC) in various capacities, including his post of the Working Group III Co-Chair.

Monday, 5 October 2015

RBI Jobs

Dear All,
RBI has announced Recruitment of Grade B Officers for 2015. Total posts announced are 134 (Gen - 67, SC - 15, ST -13, OBC -39).
(1) Important dates:
Online Registration and payment of fee : 5th Oct to 23rd Oct 2015
Phase I Online Examination : 21st and 22nd Nov 2015
Phase II Online Exam : 7th Dec 2015
(2) Eligibility Criteria :
a. Age (as on 01/10/2015): Between 21 and 30 years
b. Educational Qualification : A minimum of 60% marks (50% in case of SC/ST/PWD) or an equivalent grade in Bachelor’s degree as well as in 12th and 10th standard examinations
(3) Number of attempts: Candidates belonging to unreserved i.e. General Category, who had already appeared Six times for Phase-I Examination for this post in the past, are not eligible to apply. No such restriction applies to candidates belonging to SC/ST/OBC/PWD, if the posts are reserved for them.
(4) Scheme of Selection:
Selection will be through Examinations and Interview. Examinations will be held in two phases [Phase-I ON-LINE Examination (Objective Type) and Phase-II ON-LINE Examinations - Paper II is Descriptive and Paper I and III are Objective]
(A) Phase-I ON-LINE Examination (Objective Type):
Duration - 120 Minutes
Max Marks - 200
The objective paper comprises of i) General Awareness ii) English Language iii) Quantitative Aptitude and iv) Reasoning.
Cut off marks : Candidates have to secure minimum marks separately for each test as well as aggregate.Candidates, who secure minimum marks separately for each Test will be shortlisted for Phase-II of the Examination based on the aggregate marks obtained in the Objective Test.
(II) Phase-II ON-LINE Examination - Paper II is Descriptive and Paper I and III are Objective] :
Paper pattern : Three Papers - 300 marks
Paper-I – Economic and Social Issues - 1½ hours - 100 marks
Paper-II – English ( writing skills) – 1½ hours – 100 marks (Descriptive, to be typed with the help of the keyboard)
Paper-III - Optional Paper (Finance & Management/ Economics/ Statistics) – 1½ hours - 100 marks
In Paper-III, candidates have to choose one of the three subjects at the time of online application.
(5) Final Selection : Final selection will be through merit lists which will be prepared by adding marks secured by candidates in Phase-II (Paper-I + Paper-II + Paper-III) and Interview.
(6) Application fee : Rs850 for Gen/OBC and RS100 for others.
Candidates have to apply only online through the Bank's website from 05/10/2015 to 23/10/2015. No other means/mode of applications will be accepted.
PBI Institute Jalandhar
9988869724, 9988819150
Highest Selection Rate in India