24 Feb, 2016
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Worksheets on Current Topics for Banking English Test Papers – XXVI
Nirdeshak is developing tailor made comprehension section from the recent news articles published in leading newpapers across the world. It is important to recognizing letters and words in the passage, as it is the first step in learning to read. For students it is vital that students comprehend, or understand, what they are reading. They must be able to get the meaning of the text: What is the author telling the reader?
Passage – Union Budget
As the curtains came down on Calendar 2015, the domestic equity market is looking forward to 2016 with guarded optimism. And the Union Budget is emerging as the next big trigger for Dalal Street at the beginning of the year.
The benchmark equity indices have remained cautious in recent times in the absence of crucial triggers. Market participants have largely been fence-sitters trying to second-guess the market movement. “There are still a number of fence-sitters in the market,” said Pashupati Advani.
Experts say Union budget 2016 is likely to be the next big trigger for any upside in the market. “January should start on a good note, largely because the market would like to discount some expectations from the Union budget and the rail budget. Some sort of pre-budget rally, definitely, looks possible in January,” said Avinnash Gorakssakar of Precision Investment.
The Union Budget that lays out the financial plan and sets out the government agenda for the year will be watched keenly by both foreign as well as domestic investors beside credit rating agencies.
A remarkable aspect of the previous two budgets of the NDA government was the absence of any big-bang announcement, and analysts expect that trend to continue. “Do not expect big bang reforms given the current composition of the Rajya Sabha,” said Ajay Bagga, market expert.
Ajay Bagga, market expert
I think they are going to slip on the fiscal side. So it is going to be more accommodative in its tone. It is likely to reallocate funds towards the rural economy and demand revival. I am not expecting much action on the tax front. Expect no action on the GST front. The opposition will not allow it till the last year before the general election. Therefore, nothing is going to happen on GST in the budget session.
Avinnash Gorakssakar, Precision Investment
The Rail Budget is going to be important this time. There has been some runup in the railway stocks, especially in the wagon companies. Titagarh Wagons is expected to add another 15-20 per cent of orders for fresh wagons.
a) Look for unfavorable side of events
b) Look for favorable side of events
a) Something related to Gun
b) An act of compassion
c) An act that serves as stimulus
d) An act that creates confusion
a) Action of the government
b) Act of parliament
c) List of things to be done
d) Mode of operation
The Swedish newspaper was recently asked it to delete the reference made by President Pranab Mukherjee to the Bofors scam in an interview to it, as a claim protested by the Indian Government on 27 May 2015. India has expressed disappointment over the disrespect shown to the President, the newspaper has defended its right to publish what was said during the interview.
Know, who is Vijay Kelkar and what is PPP !
Vijay Kelkar is a renowned economist and a former Finance Secretary. He was appointed head of newly constituted committee to give recommendations to recast the model of Public-Private-Partnership (PPP) model in India. India is one of the largest PPP market with over 900 projects. The Kelkar committee will review the PPP policy, suggest a better risk-sharing mechanism between private developers and the government after analysing such projects.
Know, who is Yaduveer Krishnadatta Chamaraja Wadiyar !
Yaduveer Krishnadatta Chamaraja Wadiyar was crowned as the new Maharaja of of Mysuru (Mysore) royal family. He is the 23-year old grandson of Princess Gayathri Devi, who was the eldest daughter of the last Maharaja of Mysore, Sri Jayachamarajendra Wadiyar. The coronation was held at Mysuru’s famous Amba Vilas Palace, which was decked up for the occasion.
Know about Sepp Blatter!
Swpp Blatter, was re-elected as FIFA president for a fifth term at the 65th Annual Congress of FIFA held at Zurich for four year term.
Prince Ali bin al-Hussein of Jordan stood against Blatter in this election. It is worth mentioning that FIFA is going through a major controversy regarding corruption in the organisation with two FIFA vice presidents and a recently elected FIFA executive committee member still in custody.