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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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Inflation: Types, Causes, Effects and Remedies

By Victor S. Fischer
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Dynasties of Ancient India

By Victor S. Fischer
Indo Greeks First to invade India  were the Greeks who were called  Indo-Greeks. The most famous Indo- Greek ruler was Menander with his  Capital at Sakala  in Punjab (Modern Sialkot) The Indo-Greeks were the  first to issue gold coins  in India. Menander was converted into a Buddhist by Buddhist monk Nagasena (Nagarjuna) Demitrius, the king of Bacteria  invaded  India about 190BC.  He is considered as  Second Alexander  (But the Indian ruler who accepted the name second Alexander  (Sikandar-i-sani)  was Alauddin Khilji) Indo-Greeks were the first to introduce military governorship in India. Kushan Empire Kujula Kadphises  is considered to be the  founder of Kushan Empire.  He established the kingdom by unifying the disparate  Yuezhi tribes  of ancient Bactria in the early 1st century AD and expanded its territory of present day Afg...
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Idioms and phrases...

By Victor S. Fischer
1. Acid Test: Meaning -  Acid test proves the effectiveness of something. Example -  I practiced hard at the dance sessions but the acid test will come when the master will assess our solo performances. 2. Cut the ground from under feet : Meaning -  When you cut the ground from under someone's feet, you do something which weakens their position. Example -  When team India hit more than 350 runs in the ODI, they cut the ground from under the opponent's feet. 3. Chase your tail: Meaning -  Spending a lot of time and energy doing a lot of things but actually achieving too little. Example -  He's been chasing his tail all week collecting data but the report is still not ready 4. Whole bag of tricks - Meaning -  Means trying all the clever means to achieve something. Example -  It was really difficult to find the information even after applying the whole bag of tricks. 5. Deliver the goods - Meaning -  Do what is expected or promised. Example -  I have given my car to a new mech...
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