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India – China Relations

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India China relation
India China relation

China–India relations, also called Sino-Indian relations or Indo-China relations, refers to the bilateral relationship between the People’s Republic of China (PRC) and the Republic of India. Relationship began in 1950 when India was among the first countries to end formal ties with the Republic of China (Taiwan) and recognize the PRC as the legitimate government of Mainland China.

China and India are the two most populous countries and fastest growing major economies in the world. The resultant growth in China and India’s international diplomatic and economic influence has also increased the significance of their bilateral relationship. China and India are two of the world’s oldest civilizations and have co-existed in peace for millennia.

The Silk Road not only served as a major trade route between India and China, but is also credited for facilitating the spread of Buddhism from India to East Asia. During the 19th century, China’s growing opium trade with the British Raj triggered the First and Second Opium Wars. During World War II, India and China played a crucial role in halting the progress of Imperial Japan.

Relations between contemporary China and India have been characterized by border disputes, resulting in three major military conflicts — the Sino-Indian War of 1962, the Chola incident in 1967, and the 1987 Sino-Indian skirmish. In 2008, China emerged as India’s largest trading partner and the two countries have also attempted to extend their strategic and military relations.

In June 2012, China stated its position that “Sino-Indian ties” could be the most “important bilateral partnership of the century”. That month Wen Jiabao, the Premier of China and Manmohan Singh, the Prime Minister of India set a goal to increase bilateral trade between the two countries to US$100 billion by 2015.

During the BRICS summit in Sanya, Hainan, China the two countries agreed to restore defence co-operation and China had hinted that it may reverse its policy of administering stapled visas to residents of Jammu and Kashmir. This practice was later stopped, and as a result, defense ties were resumed between the two nations and joint military drills were expected.

BRICS summit in New Delhi, India, Chinese President Hu Jintao told Indian Ex-Prime Minister Manmohan Singh that “it is China’s unswerving policy to develop Sino-Indian friendship, deepen strategic cooperation and seek common development” and “China hopes to see a peaceful, prosperous and continually developing India and is committed to building more dynamic China-India relationship”.

Best Inspiring Article For Failures

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Failure, what would you like hearing about it? Do you know what it means? Do you know why people fail? Do you know what causes them to fail?, well, the answer to all of it is pretty much the same; you know why; because failure is what leads you to success. And this failure will try to curb you into its trap but beware as you might just get away with it.

Every popular influential has failed at least once during his lifetime and perhaps his way to success. The important thing that matters is that they just didn’t give up. Instead, they fought back. Like every ordinary man does, they didn’t. They fought and kept fighting until they were satisfied with their failure. They didn’t repeat their mistakes, nor did they let their faults overcome their determination for success.

Well, nowadays, people think as the end of their life when it comes to struggling. They forget that the moment they give in to struggle they lose their toughness and the spirit to live life. I’d like to remind you all of Thomas Alva Edison. He is widely known as the inventor of the light bulb. To tell you the truth, he had carried out so many failed experiments that once his assistant asked him, “Sir, we have failed that developing a bulb after so many experiments. I think we should give up.” You know what he replied to his assistant’s words? He said, “We’ve been failing so many times because we’ve been using the inappropriate elements in our previous experiments. Those were mistakes we’ve been committing. Let’s just not repeat them now. Now we know what we should not use.”

What does it convey to you? For example, a student tries to solve a math problem. He keeps on practising and practising and on and on. He finally reaches his limit to solve the problem but cannot proceed any further since he is tired of staying focused to the problem. That limit is what enhances your capabilities. It asks you to defeat me so you can test and win against yourself. Albert Einstein once told that, “I am not a special man. I am just curious; I stay with problems longer which is why I succeed.” All you need to develop is the habit of staying with the problems longer and you could win them.

As states a famous proverb, “Take into account a bow and an arrow, before striking into force the arrow is pulled to the bow’s maximum tension. Similarly, life gives us all the pain and failures so that we strive against it and if we do, launches us into what is known as a “successful niche”.

In this world, anyone that you feel is so popular and opulent is because they’ve paid a price for that. They’ve failed and tried and failed and tried, again and again. They’ve gained for their failures.

Polar Satellite Launch Vehicle (PSLV)

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Polar Satellite Launch Vehicle
Polar Satellite Launch Vehicle

The Polar Satellite Launch Vehicle (PSLV) is an expendable launch system developed and operated by the Indian Space Research Organisation (ISRO). It was developed to allow India to launch its Indian Remote Sensing (IRS) satellites into sun synchronous orbits, a service that was, until the advent of the PSLV, commercially available only from Russia. PSLV can also launch small size satellites into geostationary transfer orbit (GTO).

PSLV is capable of launching 1600 kg satellites in 620 km sun-synchronous polar orbit (SSPO) and 1050 kg satellite in geo-synchronous transfer orbit.

As of 2014 the PSLV has launched 65 satellites / spacecrafts (30 Indian and 35 Foreign Satellites) into a variety of orbits. Some notable payloads launched by PSLV include India’s Chandrayaan-1 lunar probe and the Mars Orbiter Mission. It is the most successful launch vehicle in ISRO, till date, with 25 consecutively successful flights out of 26 launches.

PSLV was designed and developed in the early 1990s at Vikram Sarabhai Space Centre (VSSC), Thiruvananthapuram, Kerala. The inertial systems are developed by ISRO Inertial Systems Unit (IISU) at Thiruvananthapuram. The liquid propulsion stages for the second and fourth stages of PSLV as well as the reaction control systems are developed by the Liquid Propulsion Systems Centre (LPSC) at Mahendragiri (Tirunelveli),Tamil Nadu.

The PSLV had its first launch on 20 September 1993. ISRO met complete success with the third developmental launch in 1996. After a partially unsuccessful launch in 1997, further successful launches followed in 1999 and 2001.

PSLV is a four-stage rocket that uses a combination of liquid fueled and solid fueled rocket stages. The vehicle can fly in three different configurations to adjust for mission requirements.

The first stage is one of the largest solid-fuel rocket boosters in the world and carries 138 tonnes of Hydroxyl-terminated polybutadiene (HTPB) bound propellant with a diameter of 2.8 m. The motor case is made of maraging steel. The booster develops a maximum thrust of about 4,430 kN. Six strap-on motors, four of which are ignited on the ground, augment the first stage thrust. Each of these solid propellant strap-on motors carries nine tonnes of HTPB propellant and produces 677 kN thrust. Pitch and yaw control of the PSLV during the thrust phase of the solid motor is achieved by injection of an aqueous solution of strontium perchlorate in the nozzle to constitute Secondary Injection Thrust Vector Control System (SITVC).

The second stage employs the Vikas engine and carries 41.5 tonnes (40 tonnes till C-5 mission) of liquid propellant – Unsymmetrical Di-Methyl Hydrazine (UDMH) as fuel and Nitrogen tetroxide (N2O4) as oxidizer. It generates a maximum thrust of 800 kN (724 till C-5 mission). Pitch & yaw control is obtained by hydraulically gimbaled engine (±4°) and two hot gas reaction control for roll.

The third stage uses 7 tonnes of HTPB-based solid propellant and produces a maximum thrust of 324 kN. It has a Kevlar-polyamide fiber case and a submerged nozzle equipped with a flex-bearing-seal gimbaled nozzle (±2°) thrust-vector engine for pitch & yaw control. For roll control it uses the RCS (Reaction Control System) of fourth stage.

The fourth and the terminal stage of PSLV has a twin engine configuration using liquid propellant. With a propellant loading of 2 tonnes (Mono-Methyl Hydrazine as fuel + Mixed Oxides of Nitrogen as oxidiser), each of these engines generates a maximum thrust of 7.4 kN. Engine is gimbaled (±3°) for pitch, yaw & roll control and for control during the coast phase uses on-off RCS. PSLV-C4 used a new lightweight carbon composite payload adapter to enable a greater GTO payload capability

Important BANKING AWARENESS – ABBREVIATIONS

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▶▶  Important BANKING AWARENESS – ABBREVIATIONS  ◀◀


1. AADHAAR card denotes – Unique Identity Number
2. PSL – Priority sector lending
3. NBFC – Non Banking Financial Company
4. WPI – Wholesale price Index
5. CPI – Consumer Price Index
6. LAF – Liquidity adjustment facility
7. NDTL – Net Demand and Time Liabilities
8. UCB – Urban Cooperative Bank
9. ECS – Electronic clearing service
10. FSLRC – Financial Sector Legislative Reforms Commission
11. UCIC – Unique Customer Identification Code
12. AML – Anti Money Laundering
13. CFT – Combatting of financial terrorism
14. SME – Small and Medium Enterprises
15. CDR – Corporate Debt Restructuring
16. CDS –Credit Default Swaps
17. IRS – Interest Rate Swaps
18. QE3 –Quantitative Easing
19. FII – Foreign Institutional Investors
20. RRB – Regional Rural Banks
21. PDC – Post Dated Cheques
22. MSE – Micro and Small Enterprises
23. DCCO – Date of commencement of commercial operations
24. CRAR – Capital to Risk weighted assets ratio
25. IBL – Inter bank liability
26. GDS – Gold deposit scheme
27. CAD – Current account deficit
28. ECB – European Central Bank
29. MFIN – Micro Finance Institutions Network
30. IRDA – Insurance Regulatory Development Authority
31. CRMPG – Counterparty Risk Management Policy Group
32. HTM – Held to maturity
33. SLR – Statutory Liquidity Ratio
34. BC – Business correspondents
35. BF – Business facilitators
36. DSA – Direct selling agents
37. DMA – Direct marketing agents
38. DRA – Debt Recovery agents
39. ELA – Emergency Liquidity assistance
40. BOP – Balance of payments
41. APBS – AADHAAR payment bridge system
42. FDI – Foreign direct investment
43. M3 – Money supply
44. MSF – Marginal standing facility
45. FFA – Forward freight agreements
46. AD – Authorised dealer
47. BIS – Bank for international settlements
48. BR act – Banking Regulation act
49. MCX – Multi commodity exchange
50. PSB – Public sector banks
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Important Financial Organizations & their foundation

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Important Financial Organizations & their foundation

Important Financial Organizations & their foundation

1955: Industrial credit and Investment Corporation India Ltd(ICICI)
1962: Deposit Insurance Corporation
1963: Agricultural Refinance Corporation
1964: Unit Trust of India
1964: Industrial Development Bank of India
1969: National Institute of Bank Management
1971: Credit Guarantee Corporation
1978: Deposit Insurance and Credit Guarantee Corporation (The DIC and
CGC were merged and renamed as DICGC)
1982: National Bank for Agriculture and Rural Development
1982: Export-Import Bank of India
1987: Indira Gandhi Institute of Development Research
1988: Discount and Finance House of India
1988: National Housing Bank
1990: Small Industries Development Bank of India
1994: Securities Trading Corporation of India
1995: Bharatiya Reserve Bank Note Mudran Private Limited
1996: Institute for Development & Research in Banking Technology
2001: Clearing Corporation of India Limited
2008: National Payments Corporation of India