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banking terms

  ✍️ 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...

A Spring Festival (Holi)

1. India is a land of festivals. We celebrate our festivals with great enthusiasm. The festivals make us forget our cares and anxieties. They break the monotony of our everyday life. They provide great joy and fun. We celebrate the different festivals at different times. Holi perhaps the happiest festival of the Hindus. It is a spring festival. It is celebrated on the first day of Chaitra. It marks the beginning of the spring season. The beauty of nature makes this festival colourful. The lovely flowers with their dazzling colors and the sweet songs of the cuckoo provide a charming background to Holi.

2. The Holi celebrations begin on the last day of Phalgun. People collect sticks and straws lying in streets at a place. At night they gather at that place and set fire to the huge pile of sticks and straws. They sing songs to the accompaniment of drums. They are mad with joy. They break up when the fire fades out. They main celebration follows the next day. People are in a happy mood. They sprinkle colored water on one another. They colored water on the passers-by. Even the old people are mad with joy. All people are in a jolly mood. They forget social distinction. They mix with all freely. In our villages people move about with coloured water. They sing, dance, and jump about. They beat drums and sing loudly in a chorus. In the evening they visit their friends and neighbors.

3. Holi is an important festival of the Hindus. It is a festival of Joy. It gives us the message of friendship and goodwill. On this occasion we forget our old quarrels and mix with all freely. At least for one day we forget social distinctions completely. There is no difference between the rich and the poor. Holi gives us great joy. It is a happy occasion when forget our cares and anxieties.

4. Holi has got some evils. Many people get drunk on this day occasion. They indulge in rowdy behavior. Some people sing indecent songs and abuse women.

5. We should celebrate Holi in a decent way. WE must realize that it is a festival of joy and friendship. We should share our joy with others. We must no behave badly.

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