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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 stands for Repurchase agreement where a seller of a security agrees to buy it back from a buyer at a
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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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First In The World And First In India

By Victor S. Fischer
  First In The World And First In India First In The World The first person to reach Mount Everest Sherpa Tenzing, Edmund Hillary The first person to reach North Pole Robert Peary The first person to reach South Pole Amundsen The first religion of the world Hinduism The first country to print book China The first country to print book China The first country to commence competitive examination China in civil services The first President of the U.S.A. George Washington The first Prime Minister of Britain Robert Walpole The first Governor General of the United Nations Trigveli (Norway) The first country to win football World cup Uruguay The first country to prepare a constitution U.S.A. The first Governor General of Pakistan Mohd. Ali Jinnah The first country to host NAM summit Belgrade (Yugoslavia) The first European to attack India Alexander, The Great The first European to reach China Marco Polo The first person to fly aeroplane Wright Brothers The first person to sail round the world
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Polity and Governance

By Victor S. Fischer
Polity and Governance SATH programme by NITI AYOG.   Jun 14, 2017 PT 2017: Current Affairs at a glance (POLITY).   Jun 14, 2017 NALSA offers instant legal aid to the poor.   May 24, 2017 System to address plaints against judiciary.   May 15, 2017 Conflict of interest in NSDC's functioning- Sharda Prasad Committee.   May 09, 2017 Real estate Act came into force. May 05, 2017 Judicial performance index proposed. May 03, 2017 Law to regulate NGO funds SC. Apr 29, 2017 New approach to planning by NITI AYOG. Apr 26, 2017 Legal Aid and Empowerment initiatives.   Apr 24, 2017 Central Consumer Protection Council.   Apr 22, 2017 Hiv Bill and Aids Bill passed by Upper House.   Apr 16, 2017 Meeting standing committee of Inter-State Council after long gap. Apr 15, 2017 New OBC commission to get constitutional status. Apr 14, 2017 Guidelines for NGOs, VOs handed over to SC.   Apr 13, 2017 Ganga Yamuna-Living entity.   Mar 25, 2017 India first in bribery rate, says global NGO. Mar 13, 2017 Maha
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Welfare Schemes and Policies in India

By Victor S. Fischer
Welfare Schemes and Policies in India Financial assistance to fisherfolk in pipeline. = May 13, 2017 PRELIMS SPECIAL 2017 Schemes of Government of India. = May 11, 2017 PT 2017 Schemes/Meetings/Conferences in News. May 09, 2017 Over Rs.one lakh cr investment for housing of urban poor.   Apr 29, 2017 Portal and Mobile App of RashtriyaUchchatarShikshaAbhiyan (RUSA).   Apr 24, 2017 Removing cap on parent maintenance. Apr 11, 2017 Rashtriya Vayoshri Yojana   Apr 11, 2017 Power Tex India Scheme for Textile sector.   Apr 11, 2017 Ratification of the Minimum Age Convention. Apr 10, 2017 Even hill stations will be hotter this year warns IMD. Mar 06, 2017 Supreme Court makes legal services affordable.   Feb 21, 2017 Single vaccine for dual protection against measles and rubella. Feb 13, 2017 labour and tax policies to make the Apparel and Leather sector globally competitive . Feb 08, 2017 Warning against spurious schemes being floated in the name of Beti Bachao Beti Padhao.  Feb 06, 2017 Co-ope
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Bills and Acts in India

By Victor S. Fischer
Bills and Acts in India Draft Indian Railways policy aims at boosting tourism  = Apr 21, 2017 Motor Vehicles Amendment Bill, will reform transport sector.  = Apr 16, 2017 Mental Healthcare Bill. = Apr 03, 2017 Inter-state River Water Disputes (Amendment) Bill, 2017. =Mar 19, 2017 Maternity Benefit (Amendment) Bill, 2016 passed. =Mar 17, 2017 Enemy Property Bill passed in Rajyasabha. Mar 16, 2017 Admiralty Bill 2016.  = Mar 15, 2017 Supreme Court opens surrogacy window for singles. = Mar 13, 2017 Goods and Services Tax (GST) Council approves the Central Goods and Services Tax (CGST) Bill and the Integrated Goods and Services Tax.  = Mar 18, 2017 The Rights of Persons with Disabilities Bill-2016.  = Dec 22, 2016 Demonetisation Income-Tax Amendment Bill.  = Dec 08, 2016 Amendments to Specific Relief Act being examined.  = Jul 09, 2016 Government takes big step towards implementing uniform civil code. Jul 07, 2016 Sexual harassment law likely to be amended.  = Jul 01, 2016 Amendments to S
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One Word Substitution : Important

By Victor S. Fischer
One Word Substitution Wardrobe  – a place for clothes Greenhorn - A person who is new to or inexperienced at a particular Activity. Glitch -  Suffer a sudden Malfunction or fault. Gentry-  People of good social position. Gamut- The complete range or scope of Something. Glutton -  An excessively greedy eater. Graminivorous - Feeding an grass. Gynaecologist -  One who is well versed in the science of Female ailments. Genocide-  The deliberate Killing of a large group of people. Garrulous-  one who talks too much. Genocide- The deliberate killing of a large group of people. Grandiloquence- Using a pompous style of  Speech. Gullible-  Easily persuaded to believe something. Gratis-  without charges ; free of cost. Gerontology-  The scientific study of old age. Indemnity-  Compensate for loss and damage. Circumlocation- To talk much without coming to the point.  Introspection- To examine one`s own thought and feeling. Triennial- That which happens once in three year. Fortnight- A period of t
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The Solar System

By Victor S. Fischer
Solar System Key Fact The Solar System consist of the Sun, The Eight Planets, and their satellites (moon), thousand of other smaller heavenly body such as Asteroid, Comets, and Meteors. The Sun is at the center of the Solar System and all the these bodies are revolving around it. The Gravitational pull off the sun keeps all the Planets and Other objects revolving around it. Thus, the motion of all the member of the Solar System is governed by mainly the gravitational force of sun. Planets revolve around the sun in elliptical orbit. In the Solor System the planet nearest to the Sun is Mercury and the fastest from the Sun is Neptune (bot pluto) The size of summit system has been estimated to at about 10^5 A.U. The Solor System is dominated by the sun which account for almost 99.8% of the matter in the whole Solor System. The sun is also the source of all the energy in the Solor System. Pluto is a Dwarf Planet. Mercury,Venus, Earth, Mars, are called Terrestrial planet and Jupiter, Saturn,
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Save Earth Save Life

By Victor S. Fischer
Save Earth We live on planet earth. We get everything for our life from mother earth. We should save our planet earth to ensure that our future generations get a safe environment. How to save the earth? We can save our planet earth by saving our trees, natural vegetation, natural resources, water, electricity. We can take measures for controlling environmental pollution and global warming. Save trees. We should plant new trees plant trees. The schemes afforestation and reforestation should be wholeheartedly supported. Save natural vegetation. We should use less paper. We can make arrangement for recycling of used paper and other natural products. Plants and trees covers and holds the surface of the earth. Save natural resources. We all know that the supply of natural resources such as minerals, stones, coal, oil, etc. are limited. We can save electricity by putting off the lights when not in use. Or we can switch to fans instead of air conditioners during nights. Save water
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Religious Life of Aryans

By Victor S. Fischer
The Aryan people worshiped several gods and goddesses. In the religious scriptures, Rudra is termed as the great God and he is also called Shiva who is worshiped even up to this age by the common people.  The religious spirit behind the worship and devotion of the people has undergone a revolutionary change in the Later Vedic Period. The Brahmin class coined new and elaborate ceremonies and sacrifices where as many as 17 priests would be required and the ceremonies would take several years to be completed. There were many elaborate instructions as how to perform a good sacrificial ceremony to please god and there were indications that any shortcoming in the sacrifice would displease the gods and would entail their wrath upon the sacrifice. Thus, the Brahmins made their position very strong in the society. Since, the Brahmins got themselves detached from the worldly cares, as their source of income was practically guaranteed from the Vaishya class and the royal patron, they actually dev
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E-commerce: Meaning, Advantages and Disadvantages

By Victor S. Fischer
E-commerce or electronic commerce simply refers to carrying out business transactions over the internet. Just like in conventional businesses, this type of trade has all the aspects of a business transaction such as buying, selling, and payments. The major difference is that this business model is based on electronic transactions. In e-commerce, companies set up stores on the internet and provide user interfaces that allow for the purchase and selling of merchandise. There is no physical contact between the seller and the buyer since purchases are done online. E-commerce adopts the use of technology to meet customer demands and settle transactions. In this business model, an entrepreneur does not need to have a physical premise; only a store for keeping commodities. Advantages of e-commerce 1. Enhances convenience: Customers can make orders for goods at their own convenience and from the comfort of their homes without having to travel to the business premise. Orders are also delivere
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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 Madurai.
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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 leadership. Impact of the Revolt The control of 
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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 stands for Repurchase agreement where a seller of a security agrees to buy it back from a buyer at a
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