Holidays 2016 analysed
Let's see the highlights of 2016.......
A.
March
05/03- Saturday
06/03-Sunday
07/03- Maha Shivratri
25/03-Good Friday
26/03- Saturday
27/03-Sunday
April
14/04- Dr. Ambedkar Jayanti
15/04-Ram Navami
16/04- Saturday
17/04-Sunday
August
13/08-Saturday
14/08-Sunday
15/08-Independence Day
September
03/09- Saturday
04/09-Sunday
05/09- Ganesh chaturthi
10/09-Saturday
11/09-Sunday
12/09-Bakrid
November
12/11-Saturday
13/11-Sunday
14/11-Guru Nanak Jayanti
December
10/12-Saturday
11/12-Sunday
12/12-Eid-e-Milad
B.
3 consecutive holidays with the help of 1 Casual Leave sandwiched between the
2 holidays is not a rare thing these days.
But 4 consecutive holidays
once and 5 consecutive holidays once in an year with the help of only 1 CL
in between is just a real bonus.
January
23/01-Saturday
24/01-Sunday
25/01-CL
26/01-Republic Day
October
08/10-Saturday
09/10-Sunday
10/10-CL
11/10-Dussehra
12/10-Moharrum
C.
There are 5 Saturdays in Jan, Apr, Jul, Oct, Dec
And
5 Sundays in Jan,May, Jul, Oct.
D.
Following 3 holidays fall on Sunday i.e.,
02/10-Gandhi Jayanti
30/10- Diwali
25/12-Christmas
Tuesday 3 November 2015
Wednesday 7 October 2015
RBI Credit Policy discussion by Santa and Banta
Santa: I have heard recently that Mr. Rajan has reduced Repo Rate by 50 basis points and everyone is saying that this is good for the market. Loan EMI may also come down. What is this rate cut means actually? I want to understand this.
Banta: To understand this you first need to know, how does a bank function.
Santa: Why?
Banta: Because all these are inter-related. Tell me – what does a bank do?
Santa: Bank takes money from depositors and gives loan to earn interest. That way they keep everyone happy and make a profit also.
Banta: Correct, but there are more to it. Let me explain this in a very simplistic way. Bank needs money. Bank can get money from depositors like you and me and also from RBI. But bank also needs to pay certain interest to us and also to RBI.
Santa: Ok.
Banta: Let us try to understand first – what happens when we deposit, say, Rs. 100 with a bank.
Santa: I know that. Bank gives that Rs. 100 to someone who needs a loan.
Banta: No, it is not that simple. Remember, though bank can earn interest by giving away loans, but it is also very risky. There are many cases of loan defaults. This way banks can put all our money into high risk areas. It has to be protected.
Santa: How?
Banta: Ok, RBI has made it mandatory that upon receiving, say, Rs. 100 – banks first have to deposit Rs. 4 with RBI. RBI keeps this Rs. 4 in its current a/c and hence banks do not receive any interest on this money. This is known as Cash Reserve Ratio or CRR, which is currently at 4%.
Santa: Hmmm, then?
Banta: RBI has also made it mandatory that upon receiving, say, Rs. 100 – banks need to compulsorily buy central and state govt. securities of Rs. 21.50. Of course banks will earn some interest income here. This is known as Statutory Liquidity Ratio (SLR), which is currently at 21.50%.
Santa: Ok, so you mean to say that upon receiving Rs. 100, banks can spend only Rs. 74.50 at its own will.
Banta: Correct. 100 – (4 + 21.50) = 100 – 25.50 = 74.50
Santa: But you were saying that banks can also borrow from RBI. What interest banks pay to RBI?
Banta: Before 30th September, banks were paying 8.25% interest to RBI when it borrows money from RBI. Now this rate has been reduced by 50 basis points. So banks now need to pay interest to RBI, if it borrows from RBI, at the rate of 7.75%. This is known as Repo Rate.
Santa: Can fixed deposit rate be affected by reduction of Repo Rate?
Banta: Of course. If banks get money from RBI @7.75%, why will banks pay higher interest to you and me? One year FD rate is already revised by many banks and it is equal to or very close to 7.75%.
Santa: But as now banks are getting money at a cheaper rate, then they should reduce the loan interest rate i.e. passing on the benefits it receives.
Banta: Correct. They should. And on that hope market is cheering. If companies get loan at a cheaper rate, they will likely to expand their businesses. That will create more jobs, more income and boost the economy.
Santa: How is inflation linked to this?
Banta: See, when loan becomes cheaper, people tends to borrow more. That means people will have more money to spend. This will increase the demand for goods, and if supply does not increase to match this demand, then prices will increase.
Santa: So there is a chance, that inflation may rise also?
Banta: Well, yes. But inflation depends on many other factors as well, like production (industrial and agricultural), manufacturing, export – import, foreign currency movement etc. So inflation may increase or may not.
Santa: One last question. Like we deposit our money with banks, can banks also deposit their money with someone?
Banta: Yes, they can deposit with RBI and earn interest too. This interest is typically 1% less than the repo rate. This rate is known as Reverse Repo Rate.
Santa: Great! So now I understand CRR, SLR, Repo Rate, Reverse Repo Rate and their impact on deposit rate, loan interest rate and on inflation. Thanks.
Banta: Welcome!
Banta: To understand this you first need to know, how does a bank function.
Santa: Why?
Banta: Because all these are inter-related. Tell me – what does a bank do?
Santa: Bank takes money from depositors and gives loan to earn interest. That way they keep everyone happy and make a profit also.
Banta: Correct, but there are more to it. Let me explain this in a very simplistic way. Bank needs money. Bank can get money from depositors like you and me and also from RBI. But bank also needs to pay certain interest to us and also to RBI.
Santa: Ok.
Banta: Let us try to understand first – what happens when we deposit, say, Rs. 100 with a bank.
Santa: I know that. Bank gives that Rs. 100 to someone who needs a loan.
Banta: No, it is not that simple. Remember, though bank can earn interest by giving away loans, but it is also very risky. There are many cases of loan defaults. This way banks can put all our money into high risk areas. It has to be protected.
Santa: How?
Banta: Ok, RBI has made it mandatory that upon receiving, say, Rs. 100 – banks first have to deposit Rs. 4 with RBI. RBI keeps this Rs. 4 in its current a/c and hence banks do not receive any interest on this money. This is known as Cash Reserve Ratio or CRR, which is currently at 4%.
Santa: Hmmm, then?
Banta: RBI has also made it mandatory that upon receiving, say, Rs. 100 – banks need to compulsorily buy central and state govt. securities of Rs. 21.50. Of course banks will earn some interest income here. This is known as Statutory Liquidity Ratio (SLR), which is currently at 21.50%.
Santa: Ok, so you mean to say that upon receiving Rs. 100, banks can spend only Rs. 74.50 at its own will.
Banta: Correct. 100 – (4 + 21.50) = 100 – 25.50 = 74.50
Santa: But you were saying that banks can also borrow from RBI. What interest banks pay to RBI?
Banta: Before 30th September, banks were paying 8.25% interest to RBI when it borrows money from RBI. Now this rate has been reduced by 50 basis points. So banks now need to pay interest to RBI, if it borrows from RBI, at the rate of 7.75%. This is known as Repo Rate.
Santa: Can fixed deposit rate be affected by reduction of Repo Rate?
Banta: Of course. If banks get money from RBI @7.75%, why will banks pay higher interest to you and me? One year FD rate is already revised by many banks and it is equal to or very close to 7.75%.
Santa: But as now banks are getting money at a cheaper rate, then they should reduce the loan interest rate i.e. passing on the benefits it receives.
Banta: Correct. They should. And on that hope market is cheering. If companies get loan at a cheaper rate, they will likely to expand their businesses. That will create more jobs, more income and boost the economy.
Santa: How is inflation linked to this?
Banta: See, when loan becomes cheaper, people tends to borrow more. That means people will have more money to spend. This will increase the demand for goods, and if supply does not increase to match this demand, then prices will increase.
Santa: So there is a chance, that inflation may rise also?
Banta: Well, yes. But inflation depends on many other factors as well, like production (industrial and agricultural), manufacturing, export – import, foreign currency movement etc. So inflation may increase or may not.
Santa: One last question. Like we deposit our money with banks, can banks also deposit their money with someone?
Banta: Yes, they can deposit with RBI and earn interest too. This interest is typically 1% less than the repo rate. This rate is known as Reverse Repo Rate.
Santa: Great! So now I understand CRR, SLR, Repo Rate, Reverse Repo Rate and their impact on deposit rate, loan interest rate and on inflation. Thanks.
Banta: Welcome!
Thursday 1 October 2015
Laloo English Joke Meme
Joke of the year 2015 - Laloo teaching his children spelling of assassination. One ass behind another ass, behind that I, and behind me the whole nation.. 😂😂😂
Tuesday 25 August 2015
Top 10 school teacher dialogues
Only for those who enjoyed their school life😂😂😂
Top 10 Dialogs of teachers 🙏🙏
👉 If you are not interested then you may leave the class.
👉 This class is worse than a fish market.
👉 Are you here to waste your parents money?
👉 Tell me when you all have finished talking.
👉 Why are u laughing? Come here n tell us we'll also laugh.
👉 Do you think teachers are fools to teach you?
👉 Don't try to act oversmart with me.
👉 Why do u come to school when you don't want to study.
👉 The previous batch was 100 times better than yours.
👉 If you want to talk then u may get out from the class.
And the best one
👉 You yes you... I am talking to you only, don't look back.. 😄😄
.
.
.
.muje pata h last line padh k tum log k mu pe smile jarur ayi hogi
Ye hum sab ka Bachpan tha 😝😆
Aur yeh last wali line pe jo hota tha na, uski shakal duniya ki sabse bholi shakal ho jaati thi....
Top 10 Dialogs of teachers 🙏🙏
👉 If you are not interested then you may leave the class.
👉 This class is worse than a fish market.
👉 Are you here to waste your parents money?
👉 Tell me when you all have finished talking.
👉 Why are u laughing? Come here n tell us we'll also laugh.
👉 Do you think teachers are fools to teach you?
👉 Don't try to act oversmart with me.
👉 Why do u come to school when you don't want to study.
👉 The previous batch was 100 times better than yours.
👉 If you want to talk then u may get out from the class.
And the best one
👉 You yes you... I am talking to you only, don't look back.. 😄😄
.
.
.
.muje pata h last line padh k tum log k mu pe smile jarur ayi hogi
Ye hum sab ka Bachpan tha 😝😆
Aur yeh last wali line pe jo hota tha na, uski shakal duniya ki sabse bholi shakal ho jaati thi....
Himalayan Golden Peaks
Monday 24 August 2015
Joke about sensex falling 1625 points
Nifty Fut low today 7771... three 7s in it too (shemitah 7*7 effect)
--------------------
Jallianwala bagh massacre suna tha... Aaj dekh liya
--------------------
If you get call from any unknown number than don't pick up. It might be your broker.
--------------------
Buy liquor stock.... Today all bars will be full😄
--------------------
The biggest sale of Rakshabandhan on BSE NSE
Better deals than amazon, snapdeal and flipkart....
--------------------
High alert on all Indian internatinal airports...
koi bhi FII bhag ne na Paaye......
😃😜😄
#Sensexdrops -1625pts (-6%)
--------------------
Jallianwala bagh massacre suna tha... Aaj dekh liya
--------------------
If you get call from any unknown number than don't pick up. It might be your broker.
--------------------
Buy liquor stock.... Today all bars will be full😄
--------------------
The biggest sale of Rakshabandhan on BSE NSE
Better deals than amazon, snapdeal and flipkart....
--------------------
High alert on all Indian internatinal airports...
koi bhi FII bhag ne na Paaye......
😃😜😄
#Sensexdrops -1625pts (-6%)
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