Skip to main content

Translate Your Page

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...
Post a Comment

Qualifications for being a member of Lok Sabha

Image
Lok Sabha is composed of representatives of the people chosen by direct election on the basis of the adult suffrage. The maximum strength of the House envisaged by the constitution is 552, which made up by election up to 530 members to represent the States, up to 20 members to represent the Union Territories and not more than two members of Anglo- Indian Community to be nominated by the Hon’ble President, if, in his/her opinion, that community is not adequately represented in the House.  The total elective membership is distributed among the States in such a way that the ratio between the number of seats allotted to each State and the Population of the State is, so far as practicable, the same for all States.

Qualifications for being a member of Lok Sabha

The qualifying age for membership of Lok Sabha is25 years.

He / She should be a citizen of India.

He/ She possesses such other qualifications as may be prescribed in that behalf by or under any law made by Parliament.

He / She should not be proclaimed criminal i.e. they should not be a convict, a confirmed debtor or otherwise disqualified by law.

He / She should have his/ her name in the electoral rolls in any part of the country.



However, a member can be disqualified for being a member of Parliament:

If he/ she holds the office of profit

If he/she is of unsound mind and stands so declared by the competent court

If he/ she is not a citizen of India, or has voluntarily acquired the citizenship of a foreign state, or is under any acknowledgement of allegiance or adherence to a foreign state

If he/ she is violating party discipline

Lok Sabha, unless sooner dissolved, continues for five years from the date appointed for its first meeting and the expiration of the period of five years operated as the dissolution of the House. However, while a proclamation of emergency is in operation, this period may be extended by Parliament by law for a period not exceeding one year at a time and not extending, in any case, beyond a period of six months after the proclamation has ceased to operate.

Lok Sabha elects one of its own members as its Presiding Officer and he is called the Speaker. He is assisted by the Deputy Speaker who is also elected by Lok Sabha. The conduct of business in Lok Sabha is the responsibility of the Speaker.


Labels:
By Victor S. Fischer

Comments

Post a Comment

Popular Posts

Sangam Age - The Dawn of History in the Deep South

By Victor S. Fischer
The Megalithic Background Megalith graves were encircled by big pieces of stones. They also contained pottery and iron objects buried with the corpse. They are found in the upland regions of Peninsula with concentration in Eastern Andhra Pradesh and Tamil Nadu State formation and rise of civilization The megalithic people started to reclaim the fertile deltaic lands. The route to the south is called as  Dakshinapatha which became economically important. Megasthenes knew about Pandyas while Ashokan inscriptions mention about Cholas, Pandyas, Keralaputras and Satyaputras Flourishing trade with Roman empire led to the formation of these three states i.e., Cheras, Cholas and Pandyas Sangam Period Sangam period is the period in the history of ancient Tamil Nadu spanning from c. 3 rd  century BC to c. 3 rd  century AD. It is named after the famous Sangam academies of poets and scholars centred in the city of Mad...
Post a Comment
Show Full Post»

Gupta Empire and it's Details

By Victor S. Fischer
Gupta Empire The start of Gupta Empire is considered by many historian from the reign of  Maharaja Shrigupta . Chandragupta-I  was the first powerful ruler of Gupta Empire and ascended the throne in 320 AD. The Gupta Period from 320 AD to 550 AD is also known as  the Golden Age of India . In the Gupta period India attained the peak of glory in every aspects starting from science, art, literature, mathematics, astronomy and philosophy. Emperors of Gupta Empire Shrigupta and Ghatotkacha. The reign of Maharaja Shrigupta (240 AD to 280 AD) is considered by many historians to be the starting point of Gupta Empire. Ghatotkacha succeeded his father Shrigupta and ruled from 280AD to 319 AD. Chandragupta I Chandragupta I  was the  son of Ghatotkacha  and succeeded his father. He was the first powerful king of the dynasty. He ruled the Empire from 320 AD to 335 AD. Chandragupta I adop...
Post a Comment
Show Full Post»

The Revolt of 1857

By Victor S. Fischer
Political Causes The policy of Doctrine of Lapse Economic Causes heavy taxation, evictions, Discriminatory Tariff Policy against Indian products and destruction of traditional handicrafts that hit peasants, artisans and small zimindars. Military Discrimination as Indian soldiers were paid low salaries, they could not rise above the rank of subedar and were racially insulted. Grievances of Sepays:  The introduction of Enfield rifles, andits cartridge of which was greased with animal fat, provided the spark. British social reforms ( widow remarriage, abolitionof sati, education for girls, Christan missionaries). Cause of Failure The Nizam of Hyderabad, the Raja of Jodhpur, Scindia of Gwalior the Holkar of Indore, the rulers of Patiala, Sindh and Kashmir and the Rana of Nepal provided active support  to the British. Comparative lack of efficient leadershi...
Post a Comment
Show Full Post»