What is MPC? The Monetary Policy Committee (MPC) is a committee of the Central Bank in India (Reserve Bank of India), headed by its Governor, which is entrusted with the task of fixing the benchmark policy interest rate (repo rate) to contain inflation within the specified target level i.e. inflation targeting. The Reserve Bank of… Continue reading What is Monetary Policy Committee?
Category: Knowledge Base
What is NPA?
What are NPA’s? A loan is an asset for a bank as the interest payments and the repayment of the principal amount create a stream of cash flows. It is from the interest payments than a bank makes its profits. Banks usually treat assets as non-performing if they are not serviced for some time. If… Continue reading What is NPA?
What is Demonetization?
Demonetization is the act of stripping a currency unit of its status as legal tender. It occurs whenever there is a change of national currency: The current form or forms of money is pulled from circulation and retired, often to be replaced with new notes or coins. The opposite of demonetization is remonetization, in which… Continue reading What is Demonetization?
What is Antibiotic Resistance?
What is an antibiotic? An antibiotic is a substance used to kill bacteria. Say for instance, our guts are full of bacteria. Some are good, and some are bad. Once someone takes an antibiotic, it clears the gut of most bacteria, including the good kind. But some resistant bacteria remain and develop resistance to the… Continue reading What is Antibiotic Resistance?
What is Multidimensional Poverty Index (MPI)?
The s Multidimensional Poverty Index (MPI) is the product of two numbers: the Headcount H or percentage of people who are poor and the average intensity of deprivation A – which reflects the proportion of dimensions in which households are, on average deprived. The criterion for someone to be declared as deprived as per MPI… Continue reading What is Multidimensional Poverty Index (MPI)?
Universal Service Obligation Fund (USOF)
Established in 2002, the USOF is headed by the USOF Administrator who reports to the Secretary, Department of Telecommunications (DoT). The Indian Telegraph (Amendment) Act, 2003 gave statutory status to the Universal Service Obligation Fund (USOF) The USOF’s main aim is to provide universal telecom services and ensure that even the unconnected areas in the… Continue reading Universal Service Obligation Fund (USOF)
