What does repo rate changes mean? by Parmvir Singh Saini - 3 year ago | 504 Repo rate or repurchase rate is the rate at which RBI lends money to banks for controlling and managing the cashflow in the market, inflation and achieve targeted economic growth. Reverse repo rate is the rate at a bank earns for parking it's money in RBI. Now when repo rate is slashed it means home loans get cheaper, interest charged on credit cards and laons in general get are cut down and they become cheaper sources. Read more 0 0
What does the Executive board of WHO do? by Parmvir Singh Saini - 3 year ago | 489 The Executive board consists of 34 members with proven record in field of health. These members are elected by World Health Assembly. Members tenure is of three-years. The Executive board meets twice a year. Once in January, for the main meet. Second time in May for a short meeting. Read more 0 0
What is KVIC and what does it do? by Parmvir Singh Saini - 2 year ago | 579 KVIC is short for Khadi and Village Industries Commission. It plans for the promotion, organizes and implements programs for the development of Khadi and other village industries in rural areas nationwide. KVIC also helps producers during shortage of raw materials by building up reserves and in creation of employment in Khadi industry. It was formed in 1957 under "Khadi and Village industries Commission Act, 1956". Read more 0 0
What does the Seismology center of a country do? by Parmvir Singh Saini - 2 year ago | 621 Our Earth's interior is in a constant state of movement, releasing energy in packets known as seismic waves. Seismology is a branch of geophysics which studies these waves and their effects. These seismic waves can be devastating when experienced in the form of earthquakes. The secondary effects of earthquakes are most often seen in the form of a tsunami or tidal wave. Seismology also is used to study Earth's interior, about which it has revealed a great deal. Read more 2 0
