GS paper 3

World Oceans Day, History, Theme 2023, Significance & Importance

World Oceans Day Every year on June 8, all UN member nations observe World Oceans Day to promote awareness of the value of oceans. The seas, which make up around 70% of the planet, provide a haven for many different...

NABARD, History, Functions, Development & Challenges

NABARD The National Bank for Agriculture and Rural Development was founded to provide financing to the agricultural and rural development sectors. With the goal of coordinating the activities of all rural credit institutions and serving as the national apex institution...

Liquidity Adjustment Facility (LAF), Definition, Components

Liquidity Adjustment Facility The Liquidity Adjustment Facility (LAF) is a monetary policy tool used by central banks to manage liquidity in the banking system. It is primarily employed by central banks to influence short-term interest rates and maintain stability in...

Industrial Dispute Act 1947, Introduction, Objective & Feature

Industrial Dispute Act 1947 All workers employed on the Indian mainland are subject to the Industrial Dispute Act of 1947's labour laws. April 1st, 1947 saw the implementation of this Act. Trade unions and employees in any industry in India...

Banking Sector Reforms in India Since 1991, Complete Details

Banking Sector Reforms in India Banking sector reforms in India refer to the various policy measures and initiatives undertaken to enhance the efficiency, stability, and competitiveness of the banking industry in the country. These reforms aim to strengthen the financial...

Marginal Standing Facility, Definition, MSF Rate in India

Marginal Standing Facility The Marginal Standing Facility (MSF) is a monetary policy tool used by central banks, particularly in India, to manage short-term liquidity in the banking system. The MSF was introduced by the Reserve Bank of India (RBI) in...

Statutory Liquidity Ratio (SLR), Definition, Objective, Impact

Statutory Liquidity Ratio The Statutory Liquidity Ratio (SLR) is a regulatory requirement imposed on commercial banks by the central bank or monetary authority of a country. It refers to the proportion of a bank's net demand and time liabilities (NDTL)...

Bank Rate, Definition, Types, Examples, How it Works?

Bank Rate Bank rate refers to the rate at which a central bank lends money to commercial banks or financial institutions within its jurisdiction. It is considered a benchmark rate for lending within the banking sector and serves as a...

Urban Cooperative Banks in India, Functions, Challenges

Urban Cooperative Banks Urban Cooperative Banks (UCBs) are financial institutions that operate in urban and semi-urban areas in India. They are registered under the Cooperative Societies Act and function as cooperative entities owned and operated by their members. UCBs provide...

Cash Reserve Ratio, Definition, Rate, Formula, Importance

Cash Reserve Ratio The Cash Reserve Ratio (CRR) is a monetary policy tool used by central banks to regulate the amount of cash commercial banks are required to hold as a percentage of their total deposits. It is a crucial...