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

Bills and Acts in India

Image

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 ST order. =Jun 20, 2016
  • Cabinet clears civil aviation policy, replaces 5/20 condition with 0/20 rule.  =Jun 17, 2016
  • Shyam Benegal-headed committee: report on revamp of film censor board. =Jun 07, 2016
  • Panel suggests fine or jail for celebs in misleading ads. =Jun 06, 2016
  • Cabinet approves signing the Paris Agreement. = Jun 02, 2016
  • Pradhan Mantri Ujjwala Yojana. =May 30, 2016


More will added soon keep reading.......


    Labels:
    By Victor S. Fischer

    Comments

    Post a Comment

    Popular Posts

    Chalukas Dynasty and Pallava Dynasty

    By Victor S. Fischer
    THE CHALUKYAS History of the Chalukyas, the Karnataka rulers, can be classified into three eras: 1)  The early western era  (6th -8th century), the Chalukyas of Badami (vatapi); 2)  The later western era  (7th - 12th century), the Chalukyas of Kalyani; 3)  The eastern chalukya era  (7th - 12th century), the chalukyas of Vengi. 1)  Pulakesin I  (543-566) was the first independent ruler of Badami with Vatapi in Bijapur as his capital. 2 ) Kirthivarma I  (566-596) succeeded him at the throne. When he died, the heir to the throne, Prince Pulakesin II, was just a baby and so the king‘s brother, Mangalesha (597-610), was crowned the caretaker ruler. Over the years, he made many unsuccessful attempts to kill the prince but was ultimately killed himself by the prince and his friends. 3)  Pulakesin II  (610-642), the son of Pulakesin I, was a contemporary of Harshavardhana and th...
    Post a Comment
    Show Full Post»

    GST (Goods & Services Tax) : Details & Benefits (In INDIA)

    By Victor S. Fischer
    The present structure of Indirect Taxes is very complex in India. There are so many types of taxes that are levied by the Central and State Governments on Goods & Services. We have to pay ‘Entertainment Tax’ for watching a movie. We have to pay Value Added Tax (VAT) on purchasing goods & services. And there are Excise duties, Import Duties, Luxury Tax, Central Sales Tax, Service Tax.....😭😭😭😭😭😭😭😭😭 Intro It has been long pending issue to streamline all the different types of indirect taxes and implement a “single taxation” system. This system is called as GST ( GST is the abbreviated form of Goods & Services Tax). The main expectation from this system is to abolish all indirect taxes and only GST would be levied. As the name suggests, the GST will be levied both on Goods and Services. GST was first introduced during 2007-08 budget session. On 17th December 2014, the current Union Cabinet ministry approved the proposal for introduction GST Constitutional Amendment Bil...
    Post a Comment
    Show Full Post»

    Northern India – Age of three empires (8th to 10thCentury)

    By Victor S. Fischer
    In this article, we have explained Northern India of 8th - 10th century. Many questions are asked about Palas, Pratiharas, and Rashtrakutas in SSC Exams Northern India – Age of three empires (8 th  to 10 th Century) The struggle for domination – the Palas, the Pratiharas and the Rashtrakutas – tripartite struggle There was a common struggle between these kingdoms over the control of Kannauj which enabled them to control the fertile upper Gangetic plains The Palas They dominated Eastern India. Founded by Gopala in 750 AD and succeeded by Dharam Pala. The Pala rulers were defeated by the Prathiharas and Rashtrakutas in the North. They were patrons of Buddhism. Dharampala revived the  Nalanda University  by setting aside 200 villages for its expenses. He also founded  Vikramashila University  and built many Viharas for Buddhist monks They had trade contacts and cultural links with  South-East Asia. ...
    Post a Comment
    Show Full Post»