19 March 2021 The Hindu article: Equities fall as U.S. bond yields rise on Fed stance
In this article, the Fed stance is mentioned as Dovish. I think the headline is contradictory and I am unable to understand it completely. Kindly help.
In Dovish policy, the interest rate will decrease to boost growth and inflation is not an issue. If U.S. bond yields are rising that means that bond price is low and this will happen if the demand for the bond is low. And if the demand is low then investors must be investing somewhere else like equities then why are equities falling??
- Streams which maintain its path even after the geological upheavals by cutting across the mountains & ridges
- Rivers that existed before the upheaval of the Himalayas and cut their courses southward by making gorges in the mountains are known as antecedent rivers
- E.g., Himalayan rivers: Indus, Ganga, Brahmaputra etc.
@EUROPOL On the examples given, I doubt that Ganga and Brahmaputra are antecedent rivers. It is given in NCERT that earlier there used to be a single river instead of 2, and after some tectonic event (which led to formation of present day Meghalaya plateau region), they split into two rivers Ganga and Brahmaputra, contrary to definition #2. Plus, Ganga and Brahmaputra both have their origins in Himalayan glaciers, so probably they won't fit in either of the two definitions.
Can MFIs (Micro Finance Institutions) take deposits?
Rau's IAS Prelims Compass 2021: As per RBI guidelines, They can't, they are non-deposit taking NBFCs (Non-Banking Financial Companies)
Vision PT 365: Functions include a collection of thrift
Please enlighten me with your knowledge and views.
Edited later:I found this from RBI's website: NBFC-MFI is defined as a non-deposit taking NBFC (other than a company licensed under Section 25 of the Indian Companies Act, 1956)
