The Bank was constituted for the need of following: •To regulate the issue of banknotes •To maintain reserves with a view to securing monetary stability and •To operate the credit and currency system of the country to its advantage. Role of RBI Banker to Government The second important function of the Reserve Bank of India is to act as Government banker‚ agent and adviser. The Reserve Bank is agent of Central Government and of all State Governments in India excepting that of Jammu and
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SSG Bob on 23 Sep 05 I had received a phone call at 1410 hrs. from SGT Bill stating that he had come into some money and that he had known that I was wanting to get some additional equipment for OUR SRT. SGT Bill stated that he needed myself to come in and type up a letter of justification and if I could also have SGT Jones come in as well to assist in writing this letter due to the fact that SGT Jones had been placed in charge of training folders. On notification of this I was on the phone notifing
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The Importance of Accountability and Responsibility in the United States Army The following essay is definitions‚ and examples of how responsibility‚ accountability and time management are important to succeeding in today’s Army. Responsibility is increased when soldiers have a single‚ clear set of rules that apply to a specific event. When the guidelines are unclear‚ or when more than one set of rules seems to apply to an event‚ responsibility is decreased. Responsibility is: the obligation
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Assignment No 1 Role and Function of RBI Introduction:- Reserve bank of India (RBI) is nation’s central bank. RBI began operation since 1935‚ and stood at the centre of India’s financial system‚ with a fundamental commitment to maintaining the nation’s monetary and financial stability. From ensuring stability of interest and exchange rates to providing liquidity and an adequate supply of currency and credit for the real sector; from ensuring bank penetration and safety of depositors’ funds to promoting
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The Responsibilities of an NCO: Accountability and Fraternization with Subordinate Personnel. Accountability comes in several different forms. First and foremost would be accountability for your own actions. Each Marine is held accountable for their actions and is expected to live up to the reputation and standards of the Marine Corps as directed by our higher ranking officers and staff NCOs. Another form would be that in accountability for your subordinates’ actions. Leaders are expected to
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Over the past ten years accountability has been used in a myriad of different ways. I have noticed the definition of accountability almost take over (and in some cases has) the definition of responsibility. Quite honestly differentiating accountability and responsibility can sometimes be challenging. The assigned article references doctors in the healthcare system (Mansouri‚ M.‚ & Rowney‚ 2014 ). In the article it describes accountability as meaning several different things. When describing
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credit. RBI conducted both All-India Rural credit survey 1951-52‚ RBI(1954)‚ and All-India Rural Debt and Investment survey 1961-62‚ RBI(1965) and NSSO conduct four rounds of All-India Debt and Investment Survey from 1971-72 to 2002-03. These papers also describe for a new financial sector initiatives in the form of prompt and innovative policy responses to prioritize financial inclusion‚ financial education as well as financial literacy. Pre nitiatives by RBI * Initially in 1951 RBI was active
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Accountability refers to the obligation of an individual to report formally to his superior for the proper discharge of his responsibility. It is the answerability of a subordinate to render an account of his activities to his superior. The person who accepts responsibility is accountable for the performance of the assigned duties. ’ To be accountable is. to be answerable for one’s conduct in respect to obligation fulfilled or unfulfilled" Accountability is the obligation of an individual to
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The purpose of integrity and accountability This essay will explain what meanings of integrity and accountability and also what those mean to me. The definition of integrity is the quality of being honest and having strong moral principles. Integrity is the number one quality of leadership. Integrity in leadership is expressed in terms of constancy and consistency. It is manifested in an absolute devotion to keeping one’s word. The glue that holds all relationships together‚including the relationship
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Banking Concept: Simplifying RBI Key Policy Rates What are the key policy rates used by RBI to influence interest rates? The key policy or ’signalling’ rates include the bank rate‚ the repo rate‚ the reverse repo rate‚ the cash reserve ratio (CRR) and the statutory liquidity ratio (SLR). RBI increases its key policy rates when there is greater volume of money in the economy. In other words‚ when too much money is chasing the same or lesser quantity of goods and services. Conversely‚ when there
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