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banking terms

By Victor S. Fischer
  ✍️ CRR Cash Reserve Ratio is the minimum fraction of total deposits of a bank’s customers that banks have to hold as reserves with the central bank. ✍️ SLR Statutory Liquidity Ratio is the ratio of liquid assets to the net demand and time liabilities. ✍️ LAF Liquid Adjustment Facility is a tool to allow banks to borrow money through repurchase agreements. It consists of repo and reverse repo operations. ✍️ MSF Marginal Standing Facility allows scheduled banks to borrow funds overnight from RBI against approved government securities. ✍️ MSS Market Stabilization Scheme is a monetary policy intervention by RBI to withdraw excess liquidity by selling government securities in the economy. ✍️ OMO Open Market Operations refers to the buying and selling of government securities in the open market so as to expand or contract the amount of money in the banking system. ✍️ REPO Repo...
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Brief Note on Importance of Industrial Growth in Indian Economy

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The Indian Government understood the importance of industries in India. The industrial policy undertaken on July 1991 by the Congress Government, have been designed to build on the past industrial achievements and to accelerate the process of making Indian industry internationally competitive, with a view to integrate the Indian economy with the world economy.

The Industrial Policy of 1991 put more importance on expansion of the private sector to introduce liberalization. While our original industrial policies were characterized by state interventions and control in the industrial sector, the new industrial policy gave more emphasis on de-licensing and decentralization.

However the role of the public sector in Indian economic development cannot be denied altogether. Public sector has contributed to a great extent in building the infrastructure, employment generation, capital formation, industrialization etc. in India. In spite of the important role played by the public sector enterprises, in recent years there has been a decline in the popularity of the public sector enterprises due to their unsatisfactory performance, such us, low returns on capital, inefficient and corrupted management etc. made public Sector enterprises a growing burden on government exchequer.


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The moon : Natural Satellite of The Earth

By Victor S. Fischer
1. The moon is the satellite of the earth. It moves round the earth. It shines at night by light reflected from the sun. It looks beautiful. The bright moonlight is very soothing. The earthly objects shine like silver in the moonlight. We are fascinated objects shine like silver in the moonlight. The earthly objects shine like silver in the moonlight. We are fascinated by the enchanting beauty of the moon. 2. The moon is not as beautiful as it looks. It seems to be lovely when it shines in the sky at night. As a matter of fact it is devoid of plants animals. The moon is not suitable place for plants and animals. Therefore, no form of life can be found on the moon. Human beings cannot live on the moon. Unlike the earth, the moon has got no atmosphere. Therefore, the lunar days are very hot and the lunar nights are intensely cold. The moon looks beautiful from the earth but in fact it has a forbidding appearance. It is full of rocks and craters. When we look at the moon at night, ...
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Books and Authors

By Victor S. Fischer
 (Books and Authors ) A Million Mutinies Now V.S. Naipaul A Bend in the River V.S. Naipaul A Brush with Life Satish Gujral A Passage to England Nirad C. Choudhury A House for Mr. Biswas V.S. Naipaul A Prisoner’s Scrapbook L.K. Advani A River Sutra Gita Mehta A Call to Honour Jaswant Singh A Sense of Time H.S. Vatsyayan A Strange and Sublime Address Amit Chaudhary A Bunch of Old Letter Jawaharlal Nehru A Suitable Boy Vikram Seth A Village by the Sea Anita Desai Agni Veena Kazi Nazrul Islam A Voice for Freedom A Voice for Freedom Afternoon Raag Amit Chaudhari Ain-i-Akbari Abdul Fazal Ageless Body, Timeless Mind Deepak Chopra AK Barnama Abdul Fazal Amar Kosh Amar Singh An Autobiography Jawaharlal Nehru All the Prime Minister’s Men Janardhan Thakur An Equal Music Vikram Seth Arthashastra Kantilya An Idealist View of Life Dr. S. Radhakrishnan Anandmath Bankim Chandra Chatterjee An Autobiography Jawaharlal Nehru Autobiography of an Unknown India Nirad C. Choudhury Bandicoot Run Manohar Malgo...
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Later Vedic Period

By Victor S. Fischer
The history of the later Vedic period is based mainly on the Vedic texts which were compiled  after  the age of Rig Veda. 1. Later Vedic Texts a.  The Veda Samhitas i. Sama Veda  – The book of chants with hymns taken from Rig Veda. This Veda is important for Indian Music. ii. Yajur Veda  – The book consists of sacrificial rituals and formulae. iii. Atharva Veda  – This book consists of charms and spells to ward of evils and diseases b. The Brahmanas –  Consists of the explanatory part of the Vedas. Sacrifices and rituals have also been discussed in great detail. i. Rig Veda –  Aitreya and Kaushitiki Brahmana ii. Yajur Veda  – Panchvisha, Chandogya, Shadvinsh and Jaiminaya iii. Sama Veda –  Shatapata and Taittariya iv. Atharva Veda -  Gopatha c.   The Aranyakas –  Concluding portions of Brahmanas, also called as Forest texts written mainly for the hermits and students livin...
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