Marginal Standing Facility Rate (MSF) – The rate at which the scheduled banks could borrow funds from the RBI overnight, against the approved government securities is termed as MSF. Reserve Bank of India in its monetary policy (2011-12) has defined the term Marginal Standing Facility rate as the one, under which scheduled banks could borrow up to 1 % of their respective Net Demand and time Liabilities funds overnight from the Reserve Bank of India (RBI) against approved government securities. Introduction: RBI announced the introduction of MSF on May 3, 2011 but it was effectuated from May 9, 2011. The … Continue reading What is Marginal Standing Facility Rate?
Ad Valorem term means that “according to value” and this can be applied to any of the tax, fee, custom duty which is charged on the percentage basis of cost of products, services or property. Ad Valorem tax can be property tax or even duty on imported items or commodities, in concern with the property. It can be explained as a tax based on assessed value of real estate/personal property. This tax can be explained in terms of investopedia as- Consider the case of municipal property taxes, property owner’s property have their property assessed on sporadically basis by … Continue reading What is Ad Valorem Tax?
IDR stands for the Indian Depository Receipts. IDR is a financial instrument through which a foreign company can raise funds for itself from Indian securities markets. These receipts are issued against the underlying equity of the Issuing Company. The foreign Companies deposit shares with Indian depository and in exchange of it the Indian depository will issue receipts to the investors for the money which they have invested. Standard Chartered PLC was the first company to issue IDRs. They raised around INR 2490 crore by selling 24 crore IDR’s. Continue reading What is IDR?
LIBOR stands for London Inter Bank Offered Rate. It is the rate of interset on short term loans in London money market. So, other banks can borrow from the London interbank market at this specified rate. LIBOR is the basis on which the interest rate of most of international borrowings by corporate and countries is fixed. Important Facts: LIBOR was first used : 1986 Number of international banks involved in deciding the rate: 16 member banks Continue reading What is LIBOR?
It refers to such software which is not being sold any longer, generally because there is no support available from its publisher. NOTE: It is illegal to sell abandonware unless its publisher re-releases the software as freeware. Continue reading What is abandonware?
COPYRIGHT precisely means that the material and information are the personal property of the owner or producer. It is a legal concept meant basically to give the ‘right to copy’ only to its rightful owner and no other persons, without proper permission or license. For complete information on copyrights, download the US government’s document here: [wpdm_file id=3] Continue reading What does copyright mean?
Delirium is serious mental disturbance which occurs under the influence of poisonous drugs. It is an “acute confusional state”. Continue reading What is DELIRIUM?
It is the lowest level to which a river can deepen its valley. It is the level of the surface of the water body, a lake or sea, in which the stream finally falls. Continue reading What is base level for a river?
Electronic Cigarette is an instrument that delivers nicotine by way of vapour, rather than smoke. There is no combustion involved however the nicotine in the device is still extracted from tobacco. It vaporizes propylene glycol or some glycerine based liquid using heat (or ultrasonics) to produce an aerosol mist. It is also termed as e-cigarette. Continue reading What are Electonic Cigarettes?
Descriptive grammar is the type of grammar which is based on the analysis of a body of carefully selected, spoken and written texts. And it leads to a set of statements which describe how language actually works rather than how the writer thinks it should. It is commonly contrasted with Prescriptive Grammar. Continue reading What is a descriptive grammar?
An anticline is the arch or crest of a fold in the rocks. It is opposite of a syncline, which is the bottom of a fold. Its shape is concave downwards. And technically, it is a fold with younger rocks on the outside. Why are anticlines important? These are the preferred spots of petroleum prospectors, as in deep anticlines, the rock beds trap the rising hydrocarbon fluids. As a result, then oil and gas are build up in the pore spaces of the anticline. The largest of oilfields usually occur in large and gentle anticlines in thick sedimentary rocks. … Continue reading What is an anticline?
It is the portion of deposits which the banks in India are supposed to keep in cash. These deposits are held with the Reserve Bank of India (RBI). Current CRR : 4.75% Details and facts: It is the portion of net demand and time liabilities (NDTL) of a bank. These are in the form of currency and can also be stored in a bank vault or chest. It is also sometimes referred as the Liquidity ratio, as it is used to control the liquidity in money supply by the RBI. It is a monetary policy tool in the hands of … Continue reading What is Cash Reserve Ratio (CRR) ?