Current Affairs : June 16, 2011

Short term lending and borrowing rates hiked by 25 basis points by the RBI The RBI raised the RR (Repo Rate) and the RRR (Reverse Repo Rate) by 25 basis points This was to combat inflation RR raised to 7.5% ..

Month: Current Affairs - June, 2011

Category: Government Schemes Current Affairs

Cash Reserve Ratio

The Cash Reserve Ratio is the amount of funds that the banks are bound to keep with Reserve bank of India as a portion of their Net Demand and Time Liabilities (NDTL). The objective of CRR is to ensure the ..

Fifth Five Year Plan

The Fifth Five Year Plan India was sketched out for the period spanning 1974 to 1979 with the objectives of increasing the employment level, reducing poverty, and attaining self-reliance. The twin objectives of poverty eradication and attainment of self reliance were inculcated ..