KNOWING THE GREAT MINDS - 1

As I think it is important to discuss about the Governors of RBI, their qualifications and their contributions, thereby I shall discuss a few needed things to know about the great minds, helped in shaping of our economy.





















K. G. Ambegaokar, a member of the Indian Civil Service, served as Finance Secretary prior to his appointment as Deputy Governor. On the resignation of B. Rama Rau, he was appointed as the interim Governor till H V R Iengar could take over.










* Refinance corporations are the institutions financially aiding the Bankrupt companies unable to meet their existing obligations. This is usually to change the terms of the loan i.e.; to reduce the interest rates and to extend the maturity period.

*Decimal coinage is an age of decimalisation i.e.; converting a currency from its previous non-decimal denomination to a decimal system, i.e., a system based on one basic unit of currency and one or more sub-units, such that the number of sub-units in one basic unit is a power of 10, most commonly 100.

Comments

Post a Comment

Popular posts from this blog

Norwegian Wood

It is a sweet bitter feeling to finish reading a book. And when the ending is left to our own imagination, the story and emotions linger behind us. It is been a day I finished reading this book, yet I cannot start with another book. The characters Naoko, Midori and Toru have been portrayed very well. Each character has it's own way of teaching you something. Reiko's character lifts your spirits up and give you that go, her being my favourite. It is too dark and deep a book to really understand the inner meaning of every word. Overall I loved reading Haruki Murakami for the first time.  "Despite your best efforts, people are going to be hurt when it's time for them to be hurt. Life is like that." "Death exists, not as the opposite but as a part of life." "No truth can cure the sadness we feel from losing a loved one. No truth, no sincerity, no strength, no kindness, can cure that sorrow. All we can do is see that sadness through to the end a...
Read more

PSEPHOLOGY

INTRODUCTION: Psephology is simply the study of elections or survey for the prediction of election results. It basically depicts the election campaigns, election processes, the participants and employs statistical analysis to evaluate, analyse and interpret the predicted results on the basis of studying the people's behaviour. Psephology is derived from a Greek word Psephos meaning pebbles. An interesting story is related to the the adoption of this name. Earlier the pebbles(ballots) were thrown into an urns which represented the vote rate of elections in Athens, Greece. EMERGENCE AND PROCEDURE FOLLOWED: For the first elections, there was no need for the election study as there was a single party which had a clear majority. But emergence of many parties in the late 1960's had led to the need for the psephology to emerge. In 1960's, the congress suffered its majority in centre and the states. There was a complete destabilization of the congress and apprehen...
Read more

TOURING AROUND THE CIVIL AVIATION MINISTRY!

Image
Civil aviation sector in India has been prospering from the times known. At present, India has the most refined and organised aviation sector. This ministry is mainly responsible for the policy planning, developing and regulating the civil aviation industry.  It also ensures for the implementation of the policies for the growth and expansion of the sector. It also is responsible to supervise the airports, licensing of airlines,  air traffic services, airport facilities and the carriage of passengers and goods by air. The organisation chart of this ministry is as follows: The ministry is headed by the cabinet minister who is assisted by the minister of the state in order to look after the ministry affairs. The minister of state is thereby assisted by the additional secretary and a financial adviser who are in turn assisted by 7 joint secretaries and other economic advisers. A the lowest level, there are under secretaries working for the joint secretaries. The main wing of...
Read more