Category: Current Affairs

  What are FCNR Fixed Deposits? FCNR Fixed Deposits are an excellent investment option for NRIs looking to retain their money in foreign currency and earn good returns on foreign currency earnings. FCNR deposits stands for Foreign Currency Non-Repatriable account deposits. This is a  Term Fixed Deposit Foreign Currency account and not a savings account. Deposits…

Definition of ‘Debenture’     A type of debt instrument that is not secured by physical assets or collateral. Debentures are backed only by the general creditworthiness and reputation of the issuer. Both corporations and governments frequently issue this type of bond in order to secure capital. Like other types of bonds, debentures are documented…

What is poverty? Poverty is simply a state of deprivation where an individual is unable to fulfill his most basic needs of food, shelter or clothing. However, poverty is always a relative concept and not an absolute one, since a person with a given standard of living in the US may not be poor by…