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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 Vedic People

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Vedic People

Vedic people were mostly referred to as the Indo-Aryans. These groups had established themselves in the Saraswati and Ganga valleys by 1500 B.C.

The thoughts and religious practices of Vedic people are available to us in the collection like Samhitas, Brahmanas, Aranyakas and Upanishads, etc. It contains considerable amount of information regarding knowledge of arts, crafts, science, plant and animal lives and their treatment.

The Vedic people mainly depended on agriculture. They worshiped various forms of nature. The Vedic society had an agricultural basis that was dominated by religious rites and sacrifices.


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