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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 Rainy season in India

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1.       The Rainy season in India start in early July and continues up to September. It comes as a great relief to the world suffering from excessive heat and scorching rays of the sun. Birds, beasts, plants, and human being all welcome the rainy season, because it gives them the much-needed relief.

2.       When the rainy season starts, the sky is very often overcast with clouds and it presents a very beautiful scene. The clouds of different shades and colours move hither and thither in the sky and look very nice. Natural itself wears new apparel. The trees which shed their leaves in the summer come to have new leaves. New grass grows in the dry fields and they look like turf of green velvet. The wind blows away dust from the roads and they look neat and clean. When it drizzles for several days, the Kachcha roads, however, become muddy; Rivers, Ponds, and ditches are filled with water.

3.       The rainy season has both its advantages and disadvantages. Rain helps cultivation. Failure of rain causes famine and many people die. While it gives relief to the world suffering from heat, it also causes much inconvenience. People are confined to their houses and if they have to come out. They need umbrellas and water-proofs. The Kanhcha roads become muddy and it becomes difficult to walk on them. The rivers often overflow their banks and create much havoc. Too much of rain makes the roofs of houses leaky and the mud-built walls collapse and cause much damage to the household articles.

4.       Rain is a great boon to peasants. Without rain crops would not grow and agriculturists would be put too much loss. In India, agriculturists have to depend mainly on rain for cultivation and for the raising of crops on their lands.

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By Victor S. Fischer

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