The Path to 99+ Percentile in CAT 2017

McGaw Hill Education
Exclusive Live Webinar

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Speaker (Arun Sharma, IIM-B)

“The Path to 99+ Percentile in CAT 2017”

Webinar will cover

1. Hitting 99+ percentile in DI and LR
2. Hitting 99+ percentile in Quantitative Aptitude
3. Hitting 99+ percentile in Verbal Ability and Reading Comprehension

Click here to register: http://bit.ly/2t2WM6s

Webinar Schedule:

Thursday 27th July 2017.

05:30 pm – 06:30 pm (IST)

Book your FREE seats!

Click here to attend a Free CAT Online Demo class by Arun Sharma Sir & Meenakshi Ma’am(Renowned authors of Books for CAT)

Posted by Mukul Garg, 20th July, 2017, Thursday, 2:05 PM

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Click here to attend a Free CAT Online Demo class by Arun Sharma Sir & Meenakshi Ma’am(Renowned authors of Books for CAT)

Posted by Tanisha Narang, Friday, June 30, 2017    04:10:00PM

 

 

Ways to get most out of Practice Test while preparing for CAT’17

Just preparing theory for any competitive exam is not always enough. The true picture of your preparation is shown by the Practice test, commonly known as Mock tests. Practice test is always a necessary part of preparation. Hence, you should have a systematic approach for these mock tests as well.

Use Actual Practice Test

You shouldn’t waste time on different practice test of different exams with the same syllabi. Many students who are preparing for CAT waste their precious time in practicing papers from the internet which are of Bank/PO exam, SSC exam etc. It is the sheer wastage of time. All you need to focus on the practice test based on the CAT latest pattern only.

Find the right location

Always choose the peaceful and quiet place to give practice test. This will help you in concentrating on the test as well as you can measure the proper timing of the test also. When you are giving a test without any disturbance this will help you in focusing more on the test and generates better results.

Improve your timings

Whenever you are doing any practice test, you should focus on improving your timing also. As CAT exam is all about time management. You have to record your timing of each and every test and also try to improve it by keeping the time limit in mind. This will help in increasing your speed of solving questions and also achieve a good score.

Take as many practice test as you can

Practicing 2-3 practice test is not enough. You have to practice as much practice test as you can. It doesn’t mean that you leave your topics and just give practice papers. You must practice upto 20-30 mock test before going to give exam. This will improve your weak areas as well as build your strength area also. This will improve your score as well as time performance. Overall it will improve your CAT score.

Review your test papers

After giving each test review your weak areas. Check yourself where you are lagging and which topic you have to work upon. Practice more of the topic in which you are lagging before giving the next exam. When you will give the next practice test by improving the weak areas you will get an improved score for sure.

Track your progress

Keep a track of your score of each and every practice test you are giving. Maintain the track sectional wise as well as overall. This is the necessary part of the preparation as this only will guide whether you are on the right track of your preparation or not.

All the Best for the preparation

Click here to attend a Free CAT Online Demo class by Arun Sharma Sir & Meenakshi Ma’am(Renowned authors of Books for CAT)

Posted by Tanisha Narang, Wednesday, May 3, 2017 01:55:00PM

An Overview of Selection Procedure of B Schools

The criteria for shortlist for all the B schools is based on the entrance exam score and the profile of the candidate. After the shortlist, the final selection is heavily dependent of the Group Discussion, Written Ability Test, Personal Interview conducted by the particular institute. Many institutes are conducting only WAT and Personal interviews, and have stopped conducting Group discussions.

The most important qualities which are tested throughout the selection procedure are your confidence, leadership skills, verbal and non-verbal communication skills, etc.

Given below is an overview of all the three procedures.

Group Discussion

In a GD, the panel generally looks for the quality and quantity of relevant content, Communication skills, Group Dynamics and leadership quality. The duration of GD is between 10 to 15 mins, with around 8 – 12 members. After the GD topic is explained by the panel, about  1 to 2 mins to think over a topic. It is important to use this time wisely, and note down all the points that you can think of about the topic. The topics are mostly based on the current affairs.

Some of the B schools which conducted GD in 2016 are: IIM Kozhikode, IIM Shillong, All New IIMs, XLRI, SP Jain, FMS, MDI, NITIE, IIFT etc.

Written  Ability Test

Written Ability Test is a test in which you have to write on the topic given to you.

In a WAT, the panel tests is your Creativity, knowledge, Writing skills, analytical ability, etc. Some of the topics of the WAT are: “Mission to Mars, Redefining Democracy, Relevance of exit polls, Demonetisation in India:Decision is more appreciated than criticized”.

Some of the names of B schools conducting WAT are: IIM Ahmedabad, IIM Bangalore, IIM Lucknow, IIM Indore, IIM Calcutta, SJMSOM-IIT Bombay, VGSOM-IIT Kharagpur.

Personal Interview

The overall result depends heavily on the Personal Interview round. The body language of the candidates is the first quality which is considered when he enters into the Interview room. The qualities which are considered during PI are: Confidence, Communication skills, Body language, Etiquettes, Knowledge, Skill, Aptitude, Spontaneity, Clarity of thought, Approach,Personal details-Motivation, Passion, Strengths, Weakness, Interests, Hobbies, Extra-curricular activities, etc.

Click here to attend a Free CAT Online Demo class by Arun Sharma Sir & Meenakshi Ma’am(Renowned authors of Books for CAT)

Posted by Tanisha Narang, Monday, May 1, 2017 02:45:00PM

Looking for the micro- courses to boost up your profile for CAT’17?

Is there any professional course which will help build my profile?

Is there any short-term course which will help me justify drop in my profile?

These are some question that trouble all the candidates who are going to appear for the CAT’17. The answer to these questions is, YES. There are several short-term courses or micro-courses which will help you out to build your profile for CAT’17. Micro-courses are the short term courses conducted online, which you can learn sitting at home just by devoting 3-4 hours a week. Different candidates have interest in different domains like Marketing, Finance, Operations, Economics, Digital Marketing etc. This article will assist you in selecting a micro-courses specific to your domain on interest.

Marketing and Sales Domain

If you have an interest, and want to build your profile, in marketing and sales you can opt any of the following micro-courses:

  1. Marketing Management

In this marketing course, you will learn the fundamentals of marketing management. It is a 9 week online course. Knowledge acquired after the course will be:

  • Basic concepts of marketing
  • Segmentation, targeting, differentiation and positioning
  • Marketing strategy
  • 4Ps of marketing: product, price, place and promotion

    2. Marketing Analytics

It is an online course of 12 weeks. In this course you will discover how to develop quantitative models that leverage business data, statistical computation, and machine learning to forecast sales and marketing impact for:

  • customer relationship management;
  • market segmentation;
  • value creation;
  • communication;
  • monetization.
  1. Fundamentals of Marketing Structure

It is just 1 week online course in which you will learn about:

  • Recognize markets in general
  • Recognize the two dimensions of market structure
  • Identify the differences between OTC and Exchange Systems
  • Recognize how to define market participants
  • Explain the concept of liquidity
  • Identify the key elements of financial market mechanics
  • Recognize how transaction frequency influences market evolution
  1. Digital Marketing, Social Media and E-commerce for your business

This course will help you to arm yourself with the essential principles and practices of marketing in the digital economy. It is a 6 week course which help you in learning:

  • How to leverage new models in business and e-commerce to increase profitability
  • Successful Social media and digital marketing techniques
  • Real-world application of digital marketing and e-commerce methods
  • How to market yourself and your products more effectively and efficiently
  1. Online Marketing Strategies

This online course of 12 weeks duration will introduce you to the range of marketing in which Internet is used. In this course you will learn:

  • Use basic e-marketing tools
  • Apply traditional marketing strategies in an online environment
  • Evaluate a firm’s internet marketing strategy

Finance Domain

If you have interest in finance domain there are some micro-courses which you can opt for:

  1. Accounting and Finance

 

This business course is an online course of 11 weeks. In this course you will get to learn about:

  • Financial statement analysis
  • Cost management
  • Financial Management

The overall objective of the course is to build financial acumen to make you a successful entrepreneur or manager.

    2.  Corporate Finance

This is the upcoming online course which will be of 5 week duration. Corporate finance will address the issues to help managers make value-enhancing decisions. In this course you will learn:

  • The role of corporate finance in an organization
  • The role of financial markets in financing firms and individual’s need for funds
  • Capital budgeting tools such as payback period, internal rate of return and net present value used in evaluating investments

     3. Personal Finance

It is an 5 weeks online course on which you will acquired skills to manage your money effectively by learning:

  • How to manage your finances and make better financial decisions
  • The time value of money
  • Basics of stock markets and investments
  • The proper role of credit and how to use it judiciously
  • How insurance works
  • The interplay between investments, credit and insurance
  • The importance of saving for retirement sooner rather than later

Strategy and Operations Domain

As the operation domain demand is growing nowadays, you have option to boost your profile in this domain also by doing the course:

Operation Management

This course of 6 weeks will equip you with the right tools, techniques and skills to estimate, compute, analyze and configure key elements of operations management. In this course you will learn:

  • Identify an operations system with some known standard configurations
  • Make an assessment of the complexity of an operations system
  • Compute cycle times for operations and estimate capacity of the system
  • Understand the various components of a supply chain and the need to configure them appropriately
  • Identify methods for reducing bullwhip effect in supply chains
  • Understand and relate the concept of Lean Management to one’s own business situation
  • Initiate process & productivity improvement using NVA Analysis
  • Use specific tools and techniques to analyze quality problems
  • Monitor a process using control charts

If you are planning for the new introduced MBA in Business Analytics by LIBA & TCS here is the course which you can go for:

Business Analytics

This course is a skilled course which will be added in your profile. In this course you will learn about:

  • Apply methods, tools, and software for acquiring, managing/storing, and accessing structured and unstructured data
  • Prepare data for statistical analysis, perform basic exploratory and descriptive analysis, and apply statistical techniques to analyze data
  • Apply descriptive, predictive and prescriptive analytics to business modeling and decision-making
  • Demonstrate orally, and in writing, the ability to explain complex analytical models and results

These are the micro-courses which will help you in boosting your profile. Some of these courses are free and are offered by IIMB. There are many more courses according to your interest which you can opt for. Hope this article provides you the beneficial information.

Click here to attend a Free CAT Online Demo class by Arun Sharma Sir & Meenakshi Ma’am(Renowned authors of Books for CAT)

Posted by Tanisha Narang, Sunday, April 16, 2017 01:30:00PM

 

Final Placement Report of class 2015-17: XLRI Jamshedpur

Xavier School of Management (XLRI) is one of the premier B school founded in 1949. From the last seven decades the XLRI is creating responsible business leaders and professionals. The placement season 2017 of this top B school has concluded with a hike in the average salary package.

The class of 2015-17 consisted 359 students who were also graduated from the top colleges like BITS, NITs, IITs, SRCC, St. Stephen college etc. 21% candidates of the class were freshers and  rest of the 79% have work experience in top MNCs like Hindustan Unilever, Amazon and many others in the field Engineering, Arts, Commerce, Chartered Accountant etc.

Out of 359 students, 121 students got pre placement offer which was a significant increase over the last year. The average salary package this year rose to 19.15 lakhs per annum. If we  consider the average salary package according to the domain, Operations got the highest average salary package of 26.5 lakhs per annum. In the marketing domain, the average salary package rose to 21.8 lakhs per annum. 18% rise has also been seen in the number of CTC above 25 lakhs per annum.

As XLRI outshines for its Human Resource Program, this year also the candidates from HR program got excellent job offers as compared to the other roles like FMCG, Consulting, Operations and General Management.

The top recruiters visited during the placement season 2017 of XLRI were: Uber, Directi, HCL, Capgemini, Infosys, Accenture, Tech Mahindra, Tata Sky and IBM for the Technology Management role; Aditya Birla Group, Mahindra & Mahindra, Reliance Industries, Lodha group, Future group, RPG and TAS for the General Management role;  Capgemini Consulting, Cognizant Business Consulting, Deloitte, EY, Everest Group, Gallup, KPMG, Price Waterhouse Coopers, Infosys Global Consulting, Positive Moves and Zensar for the consulting role; Citibank, Development Bank of Singapore, ICICI Bank, Yes Bank for the finance role;  Asian Paints, Colgate Palmolive, GSK CH, HCCB, ITC, AB InBev, Heinz, Mondelez, Nestle, Reckitt Benckiser and P&G for the FMCG, Operations and HR role.

Click here to attend a Free CAT Online Demo class by Arun Sharma Sir & Meenakshi Ma’am(Renowned authors of Books for CAT)

Posted by Tanisha Narang, Saturday, April 15, 2017 02:07:00 PM

Important Tips for the students who are going for the PI round of FMS

The most important period of Extempore and Personal Interview of one of the dream B school of MBA aspirants has started from 10th April and it will last till 17th April 2017 for the class of 2017-19. The number of students called for the Extempore & PI round this year is 2160. The table given below give details of the number of candidates called according to their category:

                                                       MBA Programme – 2017

                                                 (Total Number of Seats=200*)

Category

Total No. of seats

No. of candidates called for PI

General

101 1010

SC

30

300

ST

15

150

OBC

54

540

PH

6

60

CW

18

180

Total 216

2160

 

*Number of seats available in PH, CW and Foreign Students Category are supernumerary. In case of Foreign Students (10 Seats), the admissions will be done on the basis of screening which will be done subsequently.

The PI round is scheduled from 10 April-13 April for General category, 13 April & 14 April for SC category, 14 April & 15 April for ST category, 15 April & 16 April for OBC category, 16 April & 17 April for PH category and 17th april for CW category. The candidates are called at different time sessions, these are:  8.30AM; 9.30AM; 10.30AM; 12.30PM; 1.30PM and 2.30PM.

The table above provided an information that approx. 10 candidates are called per seat. The most important question coming in the candidate mind is, How I must prepare for PI round to get admission in FMS? The overall admission of a candidate in FMS depends on the CAT score, PI score and Extempore score. Weightage of these three rounds in admission process is: 85% weightage is given to CAT score, 5% weightage to the Extempore score and 10% to the Personal Interview score.

The extempore session will last for 2-3 minutes in which you have to give a speech on the topic given to you on the spot. Through this session your communication skill, confidence level and how much you are updated about the current social and political issues is judged. In the Personal Interview round which is of 15-20 minutes, you are judged according to your profile.

The Dean of the FMS, Dr. M L Singla said that, in this session they are looking for 5 basic qualities in the students. These qualities are must as these are the only things which are considered by the recruiters who visit FMS for the placement. The qualities which they consider are:

  • Good persona -Body language & personality
  • High potential – confidence level and leadership quality
  • Well grounded nature – Smart worker and quick learner
  • Socially sensitive
  • Concerned about the environment

The Dean of the FMS, Dr. M L Singla gives a statement about the prefered candidates in Extempore and PI round that: “FMS campus is a socially sensitive campus looking for candidates who are concerned about the environment and society at large. Candidates with overall good persona with a high potential and well-grounded nature are preferred.”

So if you are preparing for FMS PI round plan accordingly. All the best for your PI round.

 

Click here to attend a Free CAT Online Demo class by Arun Sharma Sir & Meenakshi Ma’am(Renowned authors of Books for CAT)

Posted by Tanisha Narang, Tuesday, April 11, 2017 05:45:00 PM

SPJIMR Mumbai outshines among top B schools related to Placement 2017

Placement period has come to an end in almost all the B schools and this is one of the main criteria which a candidate considers while taking admission in the B schools. If we look at this year’s placement record of premier B schools, SPJIMR excel this year with an average package of 20.90 lakhs per annum this year. FMS Delhi comes second with average package of 20.60 lakhs per annum and on third is MDI Gurgaon with an average package of 18.89 lakhs per annum. There is also a hike in the salary package from the previous year. JBIMS Mumbai is  next in line with an average package of 18.76 lakhs per annum.

SPJIMR Mumbai Placement 2017: The highest salary package rose to 39.5 lakhs per annum and average salary package increased to 20.90 lakhs per annum from 19.3 lakhs per annum last year, which is higher than the average salary package of IIM Kozhikode, Rohtak etc. They have again recorded 100% placement. More than 90% of the 2017 batch received offer package of more than 15 lakhs per annum.This placement season 104 recruiters gave 256 offers to 229 candidates of class 2017.

FMS Delhi Placement 2017: The highest salary package rose to 54.3 lakhs per annum which is higher than SPJIMR Mumbai, and average salary package goes to 20.6 lakhs per annum which is also higher than the previous year. The highest International package of FMS Delhi for 2017 is recorded at 1 crore per annum (USD 150000). This year again FMS maintained the 100% placement record. Out of 209 students, 107 students got placement offers of more than 20 lakhs. This placement season 209 students got 224 placement offers from 81 recruiters.

MDI Gurgaon Placement 2017: The highest salary package goes to 28.74 lakhs per annum and average salary package rose to 18.89 lakhs per annum of all the three roles. The highest International salary package goes to 55 lakhs per annum and 19 students got international offers. 143 recruiters hired this year which was 123 last year.

JBIMS Mumbai Placement 2017: The highest salary rose to 34.3 lakhs with an increase of 32%. The average package jumped to 18.76 lakhs per annum which is higher than that of new IIM’s. 116 students got offers from 72 recruiters in which 24 were new recruiters.

IIM A,B,C has not shared the placement reports till now because of the audit. They will share the report after audit in September 2017. After the top three IIM these top B schools record highest placement in 2017 year keeping behind IIM Rohtak, IIM Kozhikode, IIM Shillong etc. And all the other B schools like XLRI, IMT, Symbiosis are still not done with their final placements.

Some of the recruiters during 2017 placement season in the different B schools were: Aditya Birla Group, Airtel, ITC, American Express, Axis Bank, Citibank, Bank of America, HSBC, ICICI Bank, Religare, SBI Capital Markets, Standard Chartered, Synergy Consulting and Yes Bank, Accenture, McKinsey, Goldman Sachs, JP Morgan, ICICI Bank, Citibank, HDFC Bank, RIL, Tata Motors, Kotak Mahindra Bank, Hindustan Unilever, P&G, L&T, Hinduja Group, Welspun, Maruti and many more.

 

Click here to attend a Free CAT Online Demo class by Arun Sharma Sir & Meenakshi Ma’am(Renowned authors of Books for CAT)

Posted by Tanisha Narang, Monday, April 10, 2017 04:27:00 PM

MBA programs in USA that accept freshers

You’ll find some of the best MBA universities included in the list below. But before you pop the champagne assuming that the Admission Committees are waiting for you with their arms open, keep in mind the fine print.

On their websites, they might have mentioned something to the effect of ‘No minimum experience needed to apply’. But some might also drop subtle hints (e.g. ‘though experience is not a pre-requisite, we’d recommend at least 2 years’) to indicate that their main target applicant pool isn’t freshers. Others will leave it open to interpretation.

1) Alright, onto the list of the best MBA programs in USA without work experience, starting with the elite universities.( preference is with work experience but accept forms of freshers also )

Harvard Business School (HBS)
Stanford Graduate School of Business
Wharton MBA (University of Pennsylvania)
Sloan School of Management (MIT)
Chicago Booth School of Business (University of Chicago)
Columbia Business School (Columbia University)
Stern School of Business (New York University – NYU)
Haas School of Business (University of California, Berkeley)
Anderson School of Management (UCLA)

2) Other good MBA programs in USA with no experience

If you aren’t too picky about the MBA ranking of the program, you’ll find other decent names to add to the list. Here are a few more names, in no particular order.( work experience not mandatory )

Marshall School of Business (USC)
McDonough School of Business, Georgetown University
Carey Business School, John Hopkins (University in Baltimore, Maryland)
UC Davis Graduate School of Management (University of California, Davis)
Robert H Smith School of Business, University of Maryland
Carroll School of Management – Boston College
Boston University School of Management
Olin Graduate School of Business, Babson College

 

3)More U.S. MBA colleges that accept freshers

Depending on how flexible you are with the rankings and brand names, there’s a bigger universe for you to explore.

Alfred Lerner College of Business and Economics, University of Delaware
College of Business, San Francisco State University
Drucker School of Management, Claremont Graduate University
Erivan K. Haub School of Business – Saint Joseph’s University
Fox School of Business, Temple University
Frank G. Zarb School of Business, Hofstra University.
La Salle University School of Business
LeBow College of Business, Drexel University
Lucas Graduate School of Business, San Jose State University.
Merrick School of Business, University of Baltimore
Northern Illinois University
Peter J. Tobin College of Business, St. John’s University
Quinlan School of Business, Loyola University Chicago
Rohrer College of Business, Rowan University
Stillman School of Business, Seton Hall University

Union Budget 2017 Key Highlights

budFinance minister Arun Jaitley presented the Union Budget 2017 in Parliament on 1 st Feb,2017. Here are the key highlights of his budget speech:

•Jaitley divided his budget proposal into 10 distinct themes: Farmers; rural population; energizing youth; poor and underprivileged; infrastructure; financial sector; digital economy; public service; prudent fiscal management; and tax administration.

•Three major challenges for emerging economies: US Federal Reserve’s stance, uncertainty over commodity prices, especially crude prices and signs of increasing retreat from globalization as protectionist fears build up

•India stands out as a bright spot

•Govt has continued with steady path of fiscal consolidation: FM

•We are seen as an engine of global growth: FM

Demonetisation

There are two tectonic policy initiatives: GST implementation and demonetization

•Demonetization was the continuation of series of measures taken in last two years and was a bold and decisive measure

•Demonetization seeks to create a new normal where GDP would be cleaner and bigger

•Drop in economic activity due to remonetization is expected to have only a transient effect

•Demonetization has strong potential to generate long-term benefits •Demonetization helps to transfer resources from tax evaders to govt

•Firmly believe demonetization and GST will have epoch-making impact

•Pace of remonetization will soon reach comfortable levels; effect of demonetization not expected to spill over into next year

•Surplus liquidity in banking system will raise access to credit, leading to multiplier effect on economic activity: FM

•Overall approach in budget to spend more in rural areas

What has the budget done to revive investments?

FARMERS: •Farmer credit fixed at record level of Rs10 trillion; will ensure adequate flow to underserved areas

•Soil health cards: Govt to set up mini-labs in Krishi Vigyan Kendras

•Long-term irrigation fund in Nabard—corpus at Rs40,000 crore

•Model law on contract farming to be circulated •Dairy processing infra fund with corpus of Rs8,000 crore

•Dedicated micro-irrigation fund with Rs5,000 crore corpus

RURAL POPULATION: •Mission Antyodaya to bring 1 crore households of poverty

•MGNREGA: Rs48,000 crore has been allocated; participation of women now at 55%; using space technology in a big way

•Prime Minister Gram Sadak Yojana: Rs19,000 crore allocated; along with states, Rs27,000 crore will be spent in FY18

•Pradhan Mantri Awas Yojana: Rs23,000 crore allocated

•100% village electrification by May 2018

•Rural livelihood mission: Rs4,500 crore allocated

•Mason training to be provided for 5 lakh people

•Panchayat Raj: Human resource reform programme to be launched

•Rs1,87,223 crore allocated for rural programmes

POOR AND UNPRIVILEGED:•Women: Mahila Shakti Kendras with Rs500 crore corpus

•Stepped up allocation to Rs1.84 trillion for various schemes for women and children

•Affordable housing to be given infrastructure status

•Action plan to eliminate leprosy by 2018, TB by 2025, reduce IMR to 29 in 2019

•To create additional PG medical seats per annum

•Two new AIIMS in Jharkhand and Gujarat

•New rules to be introduced for medical devices

•Labour rights: Legislative reforms to simplify and amalgamate existing labour laws

•Allocation to SCs increased to Rs52,393 crore; STs given Rs31,920 crore, minority affairs allocated Rs4,195 crore

•Senior citizens: Aadhaar-based smart cards with health details to be provided

YOUTH: •Education: System of measuring annual learning outcomes, emphasis on science

•Innovation fund for secondary education

•Reforms in UGC: Colleges to be identified based on ranking and given more autonomy

•Propose to leverage information technology with launch of SWAYAM platform for virtual learning

•National testing agency to be established for all entrance exams, freeing up CBSE, AICTE and other bodies

•100 Indian international skill centres to be established with courses in foreign languages

•Rs4,000 crore allocated to launch skill acquisition and knowledge awareness

•Special scheme for creating employment in leather/footwear sector •Tourism: Five special zones to be set up

INFRASTRUCTURE: •Total capex and development expenditure of railways pegged at Rs1.31 trillion

•Railways: Passenger safety—Safety fund corpus set up; unmanned level crossings to be eliminated by 2020

•Railway lines of 3,500km to be commissioned

•To launch dedicated tourism/pilgrimage trains

•500 stations to be made differently-abled friendly

•Cleanliness in railways: To introduce Coach Mitra facility; By 2019, biotoilets for all coaches

•Railways to offer competitive ticket-booking facility; service charge withdrawn for tickets booked on IRCTC

•New metro rail policy to be announced •Roads sector: Allocation for national highways at Rs64,000 crore

•Airports Authority of India Act to be amended to enable monetization of land resources

•Total allocation to transport sector at Rs2 trillion

•Telecom sector: Allocation to Bharat Net programme at Rs10,000 crore

•Digi-gau initiative to be launched

•To make India global hub for electronics manufacture

•Export infra: New restructured central scheme to be launched

•Total allocation for infrastructure: Rs3.96 trillion

FINANCIAL SECTOR: •Foreign Investment Promotion Board (FIPB) to be abolished

•Commodities market: panel to study legal framework for spot and derivative markets

•Resolution mechanism for financial firms

•Cyber-security: Computer emergency response team to be set up

• Listing of PSEs will foster public accountability; revised mechanism for time-bound listing

•To create integrated public sector oil major

•New ETF to be launched

•Pradhan Mantri Mudra Yojana: Lending target at Rs2.44 trillion

•Stand-up India scheme: over 16,000 new enterprises have been set up

PUBLIC SERVICES: •To use head post-office for passport services

•Defence: centralized defence travel system developed

•Defence: Centralized pension distribution system to be established

•Govt recruitment: To introduce two-tier exam system

•Govt looks to introduce laws to confiscate assets of economic defaulters

•High-level panel chaired by PM to commemorate Mahatma Gandhi’s 150th birth anniversary FISCAL MANAGEMENT:

•Total budget expenditure: Rs21 trillion

•Rs3,000 crore to implement various budget announcements

•Defence expenditure excluding pensions: Rs2.74 trillion

•Consolidated outcome budget for all ministries being created

•Fiscal deficit for FY18 pegged at 3.2% of GDP •Revenue deficit for FY18 at 1.9%

DIGITAL ECONOMY: •India at cusp of massive digital revolution

•Govt to launch two new schemes to promote BHIM app, including cashback scheme for merchants

•Aadhaar Pay to be launched for people who don’t have mobile phones

•Focus on rural and semi-urban areas

•To strengthen financial inclusion fund

•Panel on digital payments has recommended structural reforms

•To create payment regulatory board at RBI

TAX ADMINISTRATION: •Direct tax collection not commensurate with income/expenditure pattern of India

•We are largely a tax non-compliant society; predominance of cash in society enables tax evasion

•After demonetization, data received will increase tax net

•Black money: No cash transactions above Rs3 lakh

•Transparency in political funding: Parties continue to receive anonymous donations; propose system of cleaning up

•Political funding: Maximum amount of cash donation that can be received is Rs2,000; political parties can receive donations by cheques or digitally; amendment proposed to RBI Act to issue electoral bonds; every party has to file returns within specified time

•Personal income tax: Rate reduced to 5% for income bracket of Rs2.5-5 lakh; All other categories to get uniform benefit of Rs12,500 per person; to levy surcharge on income bracket Rs50 lakh-Rs1 crore

•Personal income tax: To have simple one-page form for taxable income up to Rs5 lakh •GST: preparedness of IT system on schedule

•Not many changes to excise duties since GST will be implemented soon

•FPI category 1 and 2 investors exempted from indirect transfer provisions

•Time period of revising tax returns reduced to 12 months

•Real estate: to make changes in capital gains tax

•Concessional withholding rate will be extended to 30 June 2020, rupee-denominated masala bonds to be included

•MAT not to be abolished at present; to allow carry-forward for 15 years

•Corporate tax rate: MSMEs’ rate (annual turnover less than Rs50crore) reduced to 25%

•LNG: Reduce customs duty to 2.5%

•Limit of cash donation for charitable trusts cut to Rs2,000.