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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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The Solar System

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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, Uranus, and Naptune are called gaseous olanet.




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Partnership: Meaning, Advantages and Disadvantages

By Victor S. Fischer
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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...
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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...
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