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

An Indian Festival Durga Puja

Image
1. The Durga Puja is an important festival of India. It takes place in the month of Ashwin from the first to tenth day of the bright fortnight. It is an occasion of great enthusiasm and festivity for the Hindus. On this occasion schools, colleges, and offices are closed for a long holiday. People return to their homes for celebrating the Puja.
2. The puja is celebrated for ten days, but the image is installed on the seventh day. During the last three days the Puja is celebrated with great pomp and gaiety. The Images are of different designs and sizes. They are dressed in fine clothes and decked with beautiful ornaments. Goddess Durga has ten arms in which she holds weapons. During the puja the poor are fed, alms are distributed and Prasad is distributed to the people.
3. The vijaya Dashami is considered to be an auspicious day. On this day people visit their relatives. The people of the trading classes begin their new year from this day. At some places Ramlila is staged and Ravan is killed on the Dashami day.
4. There are various stories connected with the vijaya Dashami. It is said that Ram killed Ravan on this day and performed the Puja of Goddess Durga. Since then it has been celebrated every year on this day. Another story is that one King Suratha performed the Puja on this day. The third is that Goddess Durga killed Mahishasur, a demon, on this day.
5. At some places the Durga Pja is performed twice in a year, in Ashwin and in Chait. The puja of Ashwin is known as Shardiya Puja and that of chait as Basanti Puja. But the Basanti Puja is not very common. In the Puja sacrifice of goats, rams, etc…, is made and those who eat meat take these as Prasad of goddess Durga. The Puja is happy time for all. People put on new clothes. The Joys of children know no bounds. The grown-up people also enjoy it merrily.

Labels:
By Victor S. Fischer

Comments

Post a Comment

Popular Posts

Inflation: Types, Causes, Effects and Remedies

By Victor S. Fischer
Inflation refers to a situation when there is an overall increase in the prices of goods leading to a general decline in the value o  Types We will discuss the two major types of inflation: 1 . Demand Pull Inflation:   Inflation arises when there is an increase in the supply of money but there is no corresponding increase in the supply of goods useful to the community. Accumulation of more money than before raises the purchasing power of people and stimulates the demand for goods but the supply of the latter being limited, the necessary consequence will be the inflation of the price level. Demand Pull Inflation thus means, in plain words, too much money chasing too few goods. 2. Cost Push Inflation:  When the prices of goods increases because of an increase in the cost of production, it is known as cost push inflation. What causes Inflation? Additional money put in the hands of people naturally creates in them a desire to spend more on goods. The sellers these commodities get more mone...
Post a Comment
Show Full Post»

Idioms and phrases part II

By Victor S. Fischer
26. Eat, sleep and breathe something - Meaning -  Being so enthusiastic and passionate about somehting that you think about it all the time. Example -  My son has recently learnt cycling. He eats, sleeps and breathes it now. 27. With bells on - Meaning -  When you are delighted and eager to go somewhere, you are said to go with bells on. Example -  The new year party at the beach is most awaited. I will be there - with bells on. 28. Fever pitch - Meaning -  When a feeling is very intense and exciting, it is said to be at a fever pitch. Example -  His love for music had reached a fever pitch before he became a world known musician. 29. Blood, sweat and tears - Meaning -  Something that requires a lot of effort and hard work. Example -  Being the team of Indian cricket team is not just a matter of luck for him, it is his blood, sweat and tears which has got him here. 30. Have on the brain - Meaning -  Thinking or talking about it all day long. Example -  He has just got engaged. Now, he ...
Post a Comment
Show Full Post»

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...
Post a Comment
Show Full Post»