RECRUITMENT To The Posts Of Lady Constables
RECRUITMENT To The Posts Of Lady Constables In West Bengal Police -2023 Application window (for submitting an application through online mode only): 23.04.2023 (from 00:01hrs.)to 22.05.2023 (till 23:59 hrs). EDITING WINDOW:- 26.05.2023 (from 00:01 hrs.) to 01.06.2023 (till 23:59 hrs). EDUCATIONAL QUALIFICATION: The applicant must have passed the Madhyamik Examination from the West Bengal Board of Secondary Education or its equivalent. AGE: As of 01/01/2023 18·30 Years (Relaxation for SC/ST – 5 Years and OBC – 3 Years) The upper age limit is also relaxable for NVF and Home Guards Personnel {serving in West Bengal Police only) as per existing Government Rules. However, Age relaxation is NOT available to Civic Volunteers. …………………………………………………………………………………………………………………………… ………………….. …………………………………. …………………………….. LANGUAGE : (i) The applicant must be able to speak, read and write the Bengali language. However, this provision will not be applicable to persons who are permanent residents of the hill sub-divisions of Darjeeling and Kalimpong Districts. {ii) For the applicant of hill sub-divisions of Darjeeling and Kalimpong Districts, the provisions laid down in the West Bengal Official Language Act, 1961 will be applicable. The applicants must possess the above-noted Qualifications on or before the date of publication of the advertisement. Tathya-Mitra-Kendras: All categories of candidates except Scheduled Caste/Scheduled Tribe (of West Bengal only) shall pay Rs. 193/- only [Application Fees: Rs. 150/-; Processing Fees :Rs. 20/- plus Service Charge (including GST): Rs. 23/-] to the authorized staff of the SahajMitr Kendra. Candidates belonging to the Scheduled Caste/Scheduled Tribe (of West Bengal only) shall pay Rs. 43/- only (Processing Fees: Rs. 20/- plus Service Charge (including GST): Rs. 23/-) to the authorized staff of the Sahaj Mitr Kendra.. METHOD OF RECRUITMENT : The posts of Lady Constable in the West Bengal Police shall be filled up on the basis of qualifying the Preliminary Written Test which will act as a screening examination followed by the Physical Measurement Test (PMT), Physical Efficiency Test (PET), Final Written Examination and Interview to be conducted by the West Bengal Police Recruitment Board. There will be NEGATIVE marking for each incorrect answer. %th of the allotted marks for a particular question will be deducted for each incorrect answer. PHYSICAL MEASUREMENT TEST (PMT):- The physical standards (height and weight) of the candidates as given above will be tested by using Electronic Machines of those who qualify in the Preliminary Written Test Full Marks – 85 (85 MCQs carrying equal marks each) Total Time:1hr.: All the candidates who qualify in the PMT & PET will be called to appear in the Final. The question paper will be set in Bengali & Nepali except for questions in the English language. Questions of the Final Written Examination shall be from the following subjects:- (A) General Awareness and General Knowledge – 25 Marks (B) English – 10 Marks (C) Elementary Mathematics (Madhyamik standard) – 25 Marks (D) Reasoning and Logical Analysis – 25 Marks There will be NEGATIVE marking for each incorrect answer. %th of the allotted marks for a particular question will be deducted for each incorrect answer. HOW TO APPLY: Applicants will be able to submit their application using the websites of the West Bengal Police Recruitment Board (https://prb.wb.gov.in) and West Bengal Police (wbpolice.gov.in). Photograph and Signature Scan & Upload Instructions PHOTOGRAPH: APPLICANTS ARE REQUIRED TO UPLOAD THEIR RECENT PASSPORT-SIZE PHOTOGRAPH (PREFERABLY COLOURED) AND A SCANNED COPY OF THEIR FULL SIGNATURE IN. JPG FORMAT COVERING THE ENTIRE SPACE PROVIDED FOR THE SAME. THE SIZE OF THE PHOTOGRAPH FILE MUST BE WITHIN 10 KB – 50 KB. PHOTOGRAPH OF THE CANDIDATE SHOULD SATISFY THE FOLLOWING PRIMARY REQUIREMENTS : e RECENT PHOTO (NOT MORE THAN 3 MONTHS OLD) FACING FORWARD AND LOOKING STRAIGHTINTOTHECAMERA. e MUST BEONWHITE BACKGROUND. e WITHOUT ANYTHING COVERING THE FACE. e INCLEAR CONTRASTTOTHEBACKGROUND. e WITHOUT A HEAD COVERING. e WITH EYES OPEN, VISIBLE, AND FREE FROM REFLECTION OR GLARE FROM GLASSES. e WITH YOUR EYES NOT COVERED BY SUNGLASSES, TINTED GLASSES, GLASS FRAMES, OR LOCK OF HAIR. e WITHOUT ANY ‘REDEYE’ AND WITHOUT ANY SHADOW IN THE PICTURE. e WITH A NORMAL EXPRESSION. THE SIGNATURE OF THE CANDIDATE MUST CONTAIN THE FULL NAME OF THE CANDIDATE AS ENTERED BY HER ON THE APPLICATION FORM AND THE SIGNATURE SHALL BE IN A LONG HAND. THE SIZEOFSIGNATURE FILEMUST BEWITHIN5 KB- 20 KB. THE IMAGE DIMENS ON FOR PHOTOGRAPH AND SIGNATURE SHOULD BE 177 PX H x 138 PX W (4l.5 CM HEIGHT x 3.5 CM WIDTH) AND 63 PX H x 350 PX W (1.7 CM HEIGHT x 9.2 CM WIDTH) RESPECTIVELY APPLICANTS ARE ADVISED NOT TO UPLOAD IMAGES OF OTHER OBJECTS IN PLACE OF PHOTOGRAPH AND SIGNATURE. PHOTOGRAPHS CROPPED FROM ‘GROUPIES’ OR ‘SELFIES’ SHALL ALSO BEDISALLOWEDDURINGTHESCRUTINY On successful submission of the application, the applicants will get an SMS to their registered mobile number. Each applicant is required to have an individual mobile number and e-mail Id. Sharing of a mobile number between applicants is not permitted. This number needs to remain valid till the entire process of recruitment. The Board does not owe any responsibility for failure in the delivery of SMS or e-mail due to a change in Mobile Number/e-mail Id. or other technical reasons. The applicants are advised to take a printout of their application form, preserve it safely, and mention the Application SI. No. for all future communications if required with the West Bengal Police Recruitment Board be it verbal or written form. * IMPORTANT POINTS: The Sports Quota will be horizontal in nature. In case of the non-availability of suitable candidates under those categories, the vacancies will be merged into the respective category. “The length of service for Home Guards/NVF personnel and Civic Volunteers serving in West Bengal Police only shall be calculated as of 01/01/2023. “The applicants claiming themselves as NVF/HG or Civic Volunteer in the application form must submit their NVF/HG or Civic Volunteer Enrollment Certificate prior to the Interview as per the prescribed format (Porforma-E) enclosed under Annexure-B if they are shortlisted for Interview. For more details please go through the original notification website:
RECRUITMENT TO THE POST of SOCIAL SECURITY ASSISTANT
RECRUITMENT TO THE POST of SOCIAL SECURITY ASSISTANT in Employees’Provident Fund Organization. DATES FOR SUBMISSION OF ONLINE APPLICATIONS & FEE PAYMENT (Online only): 27th March 2023 to 26th April 2023 Duration for correction in the particulars of an application form (Online only): 27th April 2023 to 28th April 2023 Essential Educational AND Other Qualifications : *AGE LIMIT : *APPLICATION FEE/ PROCEDURE FOR PAYMENT /SERVICE CHARGES OF BANKS : Fee Payable (through: Online Mode) Name of Post Social Security Assistant General/EWS/OBC Rs. 700/- SC/ST/* PwBD/Female Candidates/Ex-Servicemen NIL Note: (1) Fees shall be accepted through ONLINE mode ONLY. *MODE OF PAYMENT AND SERVICE CHARGES : S.No. Mode of Payment Canara Bank 1 Net Banking Canara Bank Nill Charges Other Bank 5.00+GST 2 Debit Cards Rupay Card of Canara Bank or Other Banks Nill Charges 3 Credit Cards Domestic 0.80%+GST International 2.35%+GST 4 Unified Payment Interface (UPI) Nill Charge 0 SCHEME OF EXAMINATION : The scheme of Examination for the post of Social Security Assistant is as under:- 0 Phase 1.. Examination: Sr. No. Name of the Test (Objective Tests) No. of Qs. Max. Marks Duration 1 General Aptitude 30 120 2 Hours and 30 Minutes (150 Minutes) 2 General Knowledge/ General Awareness 30 120 3 Quantitative Ability 30 120 4 General English with *Comprehension 50 200 5. Computer Literacy 10 40 Total 150 600 For more details please go through the original notification Application link: https://recruitment .nta.nic.in OR www.epfindia.gov.in
WEST BENGAL CIVIL SERVICE (EXE.) etc.Exam·2023
WEST BENGAL CIVIL SERVICE (EXE.) etc.Exam·2023 by Public Service Commission, West Bengal The Preliminary Examination will be held tentatively in the month of June 2023 or thereabout. GROUPING OF SERVICES: The services and posts to which recruitment is made on the results of the W.B.C.S. (Exe.) etc. Examinations are divided into groups: A, B, C, and D with a graduated syllabus. A candidate may compete for one or more groups but is required to submit one application only indicating the choice of group(s). CHOICE OF GROUPS OF SERVICES AND ALLOTMENT : i) As already stated, a candidate may apply for one or more of the four groups of services, viz., A, B, C, and D. The candidate is required to state clearly in the appropriate column of the application the particular Group or Groups for which he/she intends to compete. No further application for a change of group (s) will be entertained. ii) A number of candidates selected in order of merit on the results of the Main Examination for all the services and posts included in Groups A, B, C, and D will have to appear at a Personality Test. No separate Personality Test will be held for different groups viz. Group-‘A’, Group-‘B’, Group-‘C’and Group-‘D’ in respect of a candidate. (iii} Candidates called to Personality Tests on the results of their Main Examination will be required to specify the order of their preference for the posts or services included in the Group or Groups for which they have applied. Choice of preference thus exercised will be deemed to be final and no alteration thereafter will be allowed. SPECIAL CONDITIONS: FOR:- EDUCATIONAL QUALIFICATION(Ason 21.03.2023): AGE(Asono1.01.2023): FEES: Rs.210/- (Rupees two hundred ten only) + Service Charge 1% of Examination Fee subject to a minimum of Rs.5/ (Rupees five only) for online payment through debit/credit card plus service charge /GST as applicable as Govt. Duty or Service Charge of Rs.5/- (Rupees five only) for Net Banking or Service Charge of Rs.20/- (Rupees twenty only) for payment through Bank Counter (off-line payment). SC/ST candidates of West Bengal and Persons with Disabilities (PWD) having physical disability of 40% and above are not required to pay any fee. OBC candidates of West Bengal are, however, required to pay the usual fee as aforesaid. NO EXEMPTION OF FEE IS AVAILABLE TO SC/ST/BC CANDIDATES OF OTHER STATES. No claims for refund of the fee will be entertained nor will it be held in reserve for any other examination. SCHEME OF THE EXAMINATION : (i} English Composition 25 Marks (ii) General Science 25 Marks (iii) Current events of National & International Importance 25 Marks (iv) History of India 25 Marks (v) Geography of India with special reference to West Bengal 25 Marks (vi) Indian Polity and Economy 25 Marks (vii) Indian National Movement 25 Marks (viii) General Mental Ability 25 Marks The standard of the paper will be the level of knowledge as expected of a graduate of any faculty of a recognized University. Main Examination:- The Main Examination shall consist of 6 (six) Compulsory papers and one optional subject consisting of two papers (Only for candidates applying for group and/or B to be chosen by the candidates from the list of optional subjects given below. There will be two papers on the optional subject for 200 marks each. Each paper, Compulsory or Optional, will carry 200 marks and will be of 3 hours duration. Out of six compulsory papers four papers i.e. (i) General Studies- 1,(ii) General Studies- II, (iiijThe Constitution of India and Indian Economy including role and functions of Reserve Bank of India,(iv) Arithmetic and Test of Reasoning will be of MCQ Type to be answered in OMR answer sheets (negative marking for each wrong answer to MCQ type) and remaining two compulsory papers i.e. Paper- I and Paper – II will be of conventional type written examination. Ill)PersonalltvTest:- For Group ‘A & ‘B’-200 Marks, Group ‘C’-150 Marks, Group ‘D’-100 Marks o Abstract Table of Papers I Subjects and Marks MainExamination and Personality Test : APPLICATION PROCEDURE : Applications can be submitted online only through https://wbpsc.gov.in/ SUBMISSION OF MORE THAN ONE APPLICATION BY THE SAME CANDIDATE IS STRICTLY FORBIDDEN AND SUCH APPLICANT IS NOT LIABLE TO CANCELLATION. 0N.B.: (i) A candidate claiming to be S.C., S.T., B.C. (Non-Creamy Layer) or Persons with Disabilities (40% and above) must have a certificate in support of his/ her claim from a competent authority of West Bengal issued on or before the closing date of submission of application i.e. 24th March 2022.
Recruitment of Apprentice Development Officer (ADO)
On-line registration including Edit/Modification of Application by candidates and Payment of Application Fees (only Online): 21.01.2023 to 10.02.2023 Date of Online Preliminary Exam. :12th March 2023 (tentative). Date of Online Main Exam.:8th April 2023 (tentative). Age (As of 01.01.2023): The applicant shall have completed 21 years of age (in completed years) and not more than 30 years of age (in completed years) as of 01.01.2023, i.e. candidates must have been born not earlier than 02.01.1993 and no later than 01.01.2002 (both days inclusive) as of 01.01.2023. Relaxation of Upper age limit: SC/ ST – 5 years, OBC – 3 years.Persons With Disabilities – 10 years, Others as per rules. Educational Qualifications (As of 01.01.2023): An applicant from the Others category (Open Market ) for recruitment as an Apprentice Development Officer, in both Urban and Rural areas, should possess a Bachelor’s Degree from a recognized University in India established under a statute/ approved for the purpose or the Fellowship of Insurance Institute of India, Mumbai. O Eligibility Conditions : The candidates eligible for recruitment are classified into three categories, namely, LIC Agents Category, LIC Employees Category, and Others Category (Open Market). LICAgents Category’means- LIC Employee Category means a confirmed whole-time salaried employee of LICOf India belonging to Class Illcadre. ‘Other’s Category’means the candidate from the open market. Experience: The applicant should have the requisite experience as of 01.01.2023 as indicated below:- Category of Applicant For Recruitment in Urban Area | For Recruitment in Rural Area iii) Others Category (Open Market) Preference would be given to candidates who have at least 2 years of experience in the life insurance industry or in the marketing of financial products. Application Fees/ Intimation Charges (21.01.2023 to 10.02.2023): Bank Transaction charges for Online Payment of application fees/intimation charges will have to be borne by the candidate. The candidate will have to make the payment of Application Fees/Intimation Charges (Non-refundable) including GST, only through Online mode as under: For SC/ST Candidates Intimation Charges of Rs.100/- (inclusive of GST) plus the Transaction Charges Other than SC/ST Candidates Application Fees-cum-Intimation Charges of Rs. 750/- (inclusive of GST) plus the Transaction Charges Selection Procedure: Selection will be made on the basis of online tests, followed by an interview of the candidates who qualify in the on-line test and subsequent pre-recruitment Medical examination. Phase-I: Preliminary Examination: A preliminary Examination consisting of an objective test will be conducted online. The test will have three sections (with separate timings for each section) as follows: Section Name of test Number of Questions Maximum Marks Medium of exam Duration 1 Reasoning Ability 35 35 English & Hindi 20 minutes 2 Numerical Ability 35 35 English & Hindi 20 minutes 3 English Language 30 30** English 20 minutes TOTAL 100 70 1hour •• English Language test will be of qualifying nature and the marks in the English Language will not be counted for ranking. Phase-II: Main Examination: The Main Examination consisting of objective tests will be conducted online. The main examination will consist of objective tests for 160 marks for a composite duration of 120 minutes. Phase-Ill: Interview : The marks obtained in the main examination only will be considered for shortlisting for the interview. The marks obtained in the main examination and the marks obtained in the interview will be considered for the final merit listing of the candidates. Commensurate to the number of vacancies, LIC of India reserves the right to fix the eligibility standards and the minimum marks to qualify for the interview, in order to restrict the number of candidates to be called for the interview. The maximum marks for the interview are 40. Pre-Recruitment Medical Examination: The selected candidate will be appointed as an Apprentice Development Officer subject to him/her being found medically fit by the Medical Examiner authorized by LIC of India for the purpose. GUARANTEE BOND: Before joining as an Apprentice Development Officer, the candidate will be required to give the undertaking to serve LIC Of India for a minimum period of four years from the date of joining (including the apprenticeship period) failing which he/she or his/her heirs, executors, and administrators will be liable to pay liquidated damages of 3,00,000/- (Rupees Three lakh only) to LIC Of India. The candidate will have to submit an Indemnity Bond of 3,00,000/- (Rupees Three lakh only) duly stamped and executed by a Surety of sound financial standing and not related to the candidate. The stamp value of the Bondwillbeas applicable to the State in which the bond is executed. * Candidates are advised in their own interest to apply online before the closing date and not to wait till the last date for depositing the fee/ intimation charges to avoid the possibility of disconnection/inability/failure to log on to the LIC website on account of heavy load on interest /website jam. LIC does not assume any responsibility for candidates not being able to submit their applications within the last date on account of the aforesaid reasons or for any other reason beyond the control of the LIC. personally and he/she shall be liable for prosecution/civil consequences in case the information/details * furnished by him/her are found to be false at a later stage. *Formore details please go through the original notification
Recruitment of Assistant Administrative Officers (AAO) (Generalist) – 31st Batch
On-line registration including Edit/Modification of Application by candidates and Payment of Application Fees (only Online): 15.01.2023 to 31.01.2023 Date of Online Preliminary Exam. : 17.02.2023 & 20.02.2023 (tentative). Date of Online Main Exam.:18.03.2023 (tentative). Age (As of 01.01.2023): Minimum Age shall be 21 years (completed) as of 01.01.2023. The maximum age shall not be more than 30 years (candidates must have been born not earlier than 02.01.1993 and not later than 01.01.2002 both days inclusive only are eligible). Relaxation of Upper age limit: SC/ ST – 5 years, OBC – 3 years.Persons With Disabilities – 10 years, Others as per rules. Educational Qualifications {As of 01.01.2023): Bachelor’s Degree in any discipline from a recognized Indian University/Institution. Application Fees/ Intimation Charges: Candidates will have to make the payment of Application Fees/Intimation Charges through the On-Line Mode as under: For SC/ST/ PwBD candidates Intimation Charges of Rs. 85/ – +Transaction Charges + GST For all other candidates Application Fee -cum- Intimation Charges of Rs. 700/ – + Transaction Charges + GST The application form is integrated with the payment gateway and the payment process can be completed by following the instructions. Selection Procedure: Selection of Assistant Administrative Officers will be done through a three-tiered process and subsequent Pre-recruitment Medical examination. Phase-I: Preliminary Examination: A preliminary Examination consisting of an objective test will be conducted online. The test will have three sections (with separate timings for each section) as follows: ** English Language test will be of qualifying nature and the marks in the English Language will not be counted for ranking. Phase-II: Main Examination: The main examination will consist of objective tests for 300 marks and descriptive tests for 25 marks. Both the objective and descriptive tests will be online. The objective test will have separate timing for every section. Candidates will have to answer descriptive tests by typing on the computer. A descriptive test will be administered immediately after the completion of the objective test.
Recruitment of Non-Executives in FCI – AG-III
Recruitment of Non Executives in FCI – AG-III (General / Depot) By Food Corporation of India. Online Registration From 06.09.2022 to 05.10.2022 Therefore, to download the form please click on the above download button…
Recruitment of Junior Associates
Recruitment of Junior Associates (Customer Support & Sales) By State Bank of India. Online Registration From 07.09.2022 to 27.09.2022 Therefore, to download the form please click on the above download button…
THE VALUE OF TIME
THE VALUE OF TIME Money lost can be retrieved, Love lost can be reconciled, respect lost can be recognized but there is no remedy for the time lost. Time once lost cannot be recalled or relived under any circumstance; hence we see that loss of time is the biggest and non-recoverable loss. So let’s understand the value of time. “Time is a storm in which we all are lost”. View of Jayanta Majumder (Director of MIES Institute) Competitive exam study for different Govt. The job exam is most essential for established the career of every Govt. Job seekers. Being the Course Director of the MIES Institute, I feel that it is very necessary to grow the awareness to the society people as till today there is no alternative to Govt. Job in our country for a secure and peaceful life. In today’s digital world, time is the most valuable thing mankind can spend in his or her rat-race life. We all are running up to show off to others that how bigger, wealthiest and flamboyant we are against the others, and for that we all are not show calculative to what really we have achieved or what justice we had done with our own precious life which is gifted by the Almighty God. The value of time is not usually understood by people when they have it, it is realized only after it is lost, most people do not give due importance to today, tomorrow is given more importance. ‘I shall do it tomorrow’ is a very common statement even though everybody knows that tomorrow never comes. Time Management is the RAT to Catch Do theRight thingAt the rightTime The simplest way to manage your time well is to follow the principle of RAT, i.e.Do the Right thing At the right time. It is said that the ‘Sun has stood still but time never did’ and ‘time is never the same’. So if you do not do your work in the time you will not complete it in time. If you do not grab opportunities in time they will never come again. Now you may say that sometimes it is difficult to diagnose the right time to do work because time is not specified and doing it tomorrow and doing it today fetch the same result. Yes, it may, but don’t you think it is important that the outcome or the result is delayed by one day! Secondly, it may have its harmful effects on your personality in the long run, you may develop the habit of PROCRASTINATION. Hence the best way of using your time is to follow the principle of : D I NDo It Now DIN in Hindi means day i.e. by following this policy you will bring broad daylight in your personal and professional life. I have mentioned PROCRASTINATION in big capital letters just one paragraph before; this is because this is one thing, which one must beware of. Some people develop the habit of procrastination because they feel that delaying things for a little while does not make much of a difference, because the same outcome can be achieved even after a slight delay. They may even give an excuse that this gives them more time to think and plan out the things properly. This does not mean that you should not take time out to plan the things, but the optimum time taken to plan the things should only be permitted otherwise the extra time taken is just wasted. Habitual delayers must be aware of the consequence of delay which is well explained by the term DELAY itself: D – Delayed E – Execution L – Leads to A – Anguish and Y – Yelling You may very well understand that an assignment that is delayed may cause some sort of loss to your senior and is going to cause yelling which may be harmful to you in your career as well. The importance of time can be further understood by a simple mathematical example. An hour’s more work daily will add five years to your working life. This can be demonstrated by the following calculation: No. of years of working life 40 years No. of working days in a year(Excluding holidays) 312 days No. of working hours in a day 8 hours No. of working days in 40 years 312 × 40 12480 Add one hour to every working day 12480 hours No. of working hours in 1 year 312 × 8 2496 hrs No. of additional working hours 12480 No. of working hours 1 year 12480 / 5 years 2496 I am sure you can understand the importance of additional five years in your working life. These 5 years will distinguish you from others and bring about better success in your career. What if you waste one hour daily of your working life? Surely, you are going to reduce your working life for 5 years. Now, what if you waste 1 hour per assignment by delaying it by just one hour? You will further reduce your working life! maybe by several years.Hence, if we just put our life into a different calculation with Time Value, then it will be a much more meaningful life that a human can lead. Best Competitive Tutorial in West Bengal A privilege to introduce a write up from one of the Top competitive institutes in Kolkata. An informative article on the VALUE OF TIME is been written by the Course Director of one of the Best competitive institutes in West Bengal, Mr. Jayanta Kumar Majumder. He had always tried to penetrate through the welfare of society and always thrives for the betterment of humankind in society. MIES Institute is one of the Best Competitive Tutorial in West Bengal, for Govt. Job exams preparation. Thousands of students appeared in Govt. service exam from MIES every year and got Govt. service maximum of them. As per the student’s version, MIES Institute is one of the best coachings for
Money Market
Money Market Financial Market Money Market / Financial market is the market that facilitates the transfer of funds between investors/ lenders and borrowers/ users. The financial market may be defined as ‘a transmission mechanism between investors (or lenders) and the borrowers (or users) through which transfer of funds is facilitated’. It consists of individual investors, financial institutions, and other intermediaries who are linked by a formal trading rule and communication network for trading the various financial assets and credit instruments. It deals in financial instruments (like bills of exchange, shares, debentures, bonds, etc). Classification of financial markets Money market / Markets for short term funds: Financial instruments traded in them mature in less than a year Capital markets / Markets for long term funds: Financial instruments traded in them mature in more than a year. Instruments of Money market Or Sub Markets of Money market Cash Management Bills (CMBs) — These are short term bills issued by central government to meet its immediate cash needs. The bills are issued by the RBI on behalf of the government. Hence the CMBs are short-term money market instruments that help the government to meet its temporary cash flow mismatches. Following are the features of CMBs. CMBs have a maturity of less than 91 days. The CMBs have the generic character of Treasury Bills as the CMBs are issued at a discount and redeemed at face value at maturity. For example, if the face value of a CMB is Rs 100, we can get the bill at Rs 97 and at the end of the maturity date, say 60 after days, we can get Rs 100. Here, there is no interest payment as the maturity period is so small. But the return for buying CMB is obtained in the form of a discount. The tenure or maturity, notified amount (how much total CMBs to be issued) and date of issue of the CMBs depends upon the temporary cash requirement of the Government. CMBs are eligible as SLR securities. Investment in CMBs is also recognized as an eligible investment in Government securities by banks for SLR purpose under Section 24 of the Banking Regulation Act, 1949. CMBs are issued first on May 12, 2010. The purpose of the mechanism is to enable the government to get short term money. Ways and Means Advances (WMA). Under WMA, the RBI gives temporary loan facilities to the centre and state governments as a banker to government for upto 90 days. Call money market (CMM) — The market where overnight (one day) loans can be availed by banks to meet liquidity. Banks who seeks to avail liquidity approaches the call market as borrowers and the ones who have excess liquidity participate there as lenders. The CMM is functional from Monday to Friday. Banks can access CMM to meet their reserve requirements (CRR and SLR) or to cover a sudden shortfall in cash on any particular day. Effectively, the Call Money Market is the main market oriented mechanism to meet the liquidity requirements of banks. Notice money market The call money is usually availed for one day. If the bank needs funds for more days, it can avail money through notice market. Here, the loan is provided from two days to fourteen days. Participants Participants in the call money market are Scheduled commercial banks (excluding RRBs), co-operative banks (other than Land Development Banks) and Primary Dealers (PDs) [ i.e A primary dealer is a bank or other financial institution that has been approved to trade securities with a national government ] are permitted to participate in call/ notice money market both as borrowers and lenders. As per the new regulations, Payment Banks are also allowed to participate in CMM as both lenders and borrowers. Banks are the dominant participants in the CMM and hence it is often known as interbank call money market. Surplus banks will give loans to other banks. Deficit banks that need funds will purchase it. * Functioning of the Call Money Market Loans are availed through auction/negotiation. The auction is made on interest rate. Highest bidder (who is ready to give higher interest rate) can avail the loan. Average interest rate in the call market is called call rate. This call money rate is an important variable for the RBI to assess the liquidity situation in the economy. The CMM is known as the most sensitive segment of the financial system. Treasury Bill ( TB ) — When the government is going to the financial market to raise money, it can do it by issuing two types of debt instruments – treasury bills and government bonds. Treasury bills are issued when the government need money for a shorter period while bonds are issued when it need debt for more than say five years. Treasury bills; generally shortened as T-bills, have a maximum maturity of a 364 days. Hence, they are categorized as money market instruments (money market deals with funds with a maturity of less than one year). Treasury bills are presently issued in three maturities, namely, 91 days, 182 days, and 364 days. Treasury bills pay no interest Moreover, treasury bills are zero-coupon securities and pay no interest. Rather, they are issued at a discount (at a reduced amount) and redeemed (given back money) at the face value at maturity. For example, a 91 day Treasury bill of Rs.100/- (face value) may be issued at say Rs. 98.20, that is, at a discount of say, Rs.1.80 and would be redeemed at the face value of Rs.100/-. This means that you can get a hundred-rupee treasury bill at a lower price and can get Rupees hundred at maturity. The return to the investors is the difference between the maturity value or the face value (that is Rs.100) and the issue price. The Reserve Bank of India conducts auctions usually every Wednesday to issue T-bills. The rational is that since their maturity is lower, it is more convenient to avoid intra period interest payments. Treasury bills