Premium Essay

Bank Slash

In:

Submitted By sristi
Words 501
Pages 3
Commercial banks have announced a cut in the short term lending rates by half to 2 percentage points in a bid to stimulate borrowing, which has slumped over the last three months due to slowdown seen in manufacturing and real estate sector.
Citizens bank International, for instance, said it is now offering its short term lending rates at 12 percent down from 14 percent.
Laxmi Bank has also done the same. it recently extended loans to Nepal Electricity Authority for 6 months at 10 percentage interest, which is far too low than prevailing rates. Commerz and Trust Bank too provided loans to the state owned utility company at 11 percent.
Overall, interest rates on short-term, which include demand loans, over-drafts and export bills, among others have now come down to an average of 12 percent from around 14 percent earlier.
"We had to cut the rates due to the suppression of credit demand whereas liquidity surplus continued to soar", Rajan Singh Bhandari, CEO of Citizens Bank International told Republica.
Nepal Rastra Bank told deposit collections of 31 commercial banks in the first two months of the current fiscal year had jumped by Rs. 14 billion to Rs. 701.85 billions whereas their credit flows dropped to Rs. 522.25 billion in mid-September from Rs. 522.85 billion in mid-July. Bankers said this trend continue in the third month (mid-October) as well.
Commercial banks, which suffered from liquidity crunch for almost 2 years, witnessed a sudden rise in deposits over the last three months after depositors started shifting money from development banks and financial companies due to erosion in trustworthiness of development banks and finance companies. But these commercial banks - currently flush with excess liquidity of around 27 billion - have not been able to find substantial borrowers.
Bankers attributed sudden drop in credit demand due to slump in real

Similar Documents

Free Essay

Stats 2

...2. A. The answer is one tailed test B. H0 if H1 is greater than 2.34 C. 2 equals M1 and the CV equals 2.34 D. It is a reject E. 12-10 divided by 3/^36 equals 2 divided by 15 which then equals 4 4. A. The answer is one tailed test B. H0 is to be rejected only when if H1 is lower than 1.96 C. The CV is equal to 1.96 and the Z value is equal to 2.667 D Must be rejected. E. 0.496 is the answer 6. A. The answer is one tailed test B. The H0 is to be Rejected only when H1 is less than 1.65 C. The CV value is equal to 1.65 and the z value is equal to 1.77 D. It should not be rejected. E. 0.25/0.141=1.77 which is also equal to 2.75 subtracted by 3 divided by the square root of 50. 10. A. The HO value should be rejected only in the case that the value does not remain in-between 3.10 and -3.10. B. The answer is 4.04 only because 407 subtracted by 400 divided by 6 divided by the square root of 12 equals 7 divided by 1.732 which gives you the answer above. C. Ho should be rejected. 16. A. The HO should be rejected only in the case that it doesn’t fall between 2.57 and -2.57. B. The answer is 4.72 C. It should be rejected D. Z is less than 6.72 and Z is also greater than...

Words: 280 - Pages: 2

Free Essay

Session Musician .Doc

...Session musicians What do they do? Go on tour with bands. Session musicians sometimes go on tour with bands; this involves getting paid a certain amount to play various gigs and concerts around a certain part of the world (or indeed all of it!). A session musician will either ask the company, or the company will ask the session musician to go and play either a whole tour, or just a few numbers in the tour. There is a large amount of gambling involved when it comes to being a session musician or hiring one. This is due to the fact that: a session musician gets pain a certain amount for the show (say £1,000), if the show is a total flop then the record label will lose money, BUT if the show is a roaring success then the record label will make mega bucks. The gamble for the session musician is that he or she can’t go back and claim a percentage of the profits if it is particularly good. The session musician gets paid a set amount and no more. Recording sessions. Quite often a session musician will go for a recording of a single or a few tracks. This will involve the producer talking with the session musician, and agreeing a set amount of pay, agreeing the song(s) that will be performed, and how long it will take, and possible whether it will be split over multiple sessions of not. After the terms have been agreed, the rehearsal and tuning will be done, this involves the band and session musician playing the first few seconds of each song, and adjusting their instruments until...

Words: 1742 - Pages: 7

Free Essay

Kusanku No Sai

...right = face rear. Retract(ed) = sai pointing to elbow. Punch with butt. Pointed = sai pointing outward. Stab or slash with point. Bold = Kiai. 1. Musubi dachi - Sais are retracted– rei, bring sais to chest crossing. Double punch block downwards coming into Heiko dachi. 2. Step LT 45° Zenkutsu dachi, Mawashi uke High LT low RT towards 0° true . Step RT 90° Zenkutsu dachi – Mawashi uke- high RT low LT towards center . 3. Strike LT head 0° true , retract & block downwards LT. Stomp LT foot then punch RT pivoting feet 90° LT into Zenkutsu Dachi. 4. Strike RT head 0° true , retract & block downwards RT. Stomp LT foot then punch LT pivoting feet 90° RT into Zenkutsu Dachi. 5. Strike LT head 0° true , retract & block downwards LT. Turning 180° RT , draw RT foot back Neko Ashi dachi RT over LT then step RT Seisan striking RT towards head. 6. Step LT 180° Hanmi slashing pointed LT (LT under pointed RT). Step RT Hanmi slashing RT under LT (LT remains stationary). Repeat LT. Step RT Hanmi stabbing RT at SP chambering pointed LT. 7. Pivot LT 180° on RT foot in Seisan, stab LT. Step forward into 45° LT Seisan angled. Stab RT at SP towards rear . 8. Turn LT 180° in Kake Ashi (or Kosa?) Dachi (LT forward). Rotate hips blocking high LT, follow through striking high RT (LT remains high to rear, martini glass configuration). Then continuing turning 180° LT come down on RT knee, slash LT chambering RT. 9. Rise to Seisan. Stab RT. Step into LT forward Kake Ashi (or is it Kosa?) Dachi Rotate hips...

Words: 872 - Pages: 4

Premium Essay

Cory's True Story Nonverbal Communication

... Conversation opened. 1 unread message. Skip to content Using Village Christian Academy Mail with screen readers Click here to enable desktop notifications for Village Christian Academy Mail. Learn more Hide Ashley Fletcher Emily Butler Gregory Dudak Karla Dunigan Kelly Reitz Kim Jackson Miles, William G CIV USARMY MEDCOM WAMC (US) Shawn Mehegan Susan Rossman Yasmine Jordan Remove label More 9 of 24 Cory's Story sports marketing x jordyn stanley AttachmentsNov 16 (6 days ago) to me Attachments area Click here to Reply or Forward Using 0.06 GB Manage Program Policies Powered by Google Last account activity: 23 minutes ago Details jordyn stanley jdizzle5020@live.com Show details Page 2 /2 Page 1 of 2 Cory’s story In the movie 1000 to 1 the Cory Weismann story is centered on sports and family it is based on a true story. The story of a college basketball star that played the position of guard at the University of Gettysburg egger to play the game that spontaneously has a stroke his freshmen year while in the weight room with is best childhood friend Brandon. Near death but never graphic the movie shows Cory’s near death experience later in the movie he is in the hospital convulsing and suffering from traumatic seizers, this may be disturbing to younger viewers. Cory was in a coma for a week or two, the stroke was caused by bleeding in his brain that was going to require surgery, and the movie does not include this. Cory’s recovery took...

Words: 769 - Pages: 4

Free Essay

Jhhhlh

...ways -clear-cutting -new forestry, sloppy way of clear-cutting to leave trees, mimick natural disturbances -selection systems, some left behind -ecologically valued -NA timber industry focus on fast growing tree species in plantations -plantations more as crop agriculture than ecologically functional forests -maximum sustainable yield, argues for cutting trees shortly after they have gone through their fastest stage of growth -trees may be cut long before grown as large as they would in absence of harvesting -some harvesting seek uneven-aged stands, similar to natural forests -growth of NA fuelled by land clearing and logging -agriculture major cause of conversion of forests and grasslands -many parts of developing world uses slash and burn agriculture -agriculture in many countries supported by govt -Brazillian govt give subsidies to farmers clearing rainforest for farmland -livestock graze ¼ earth surface -possible overgrazing, ruin soil -deforestation proceeding rapidly in developing nations Forest Management Principles -harvesting of material should not occur at rate that exceed capability of resource to replenish -National Forest Strategy -many managers practice ecosystem-based management -attempts to manage harvesting to minimize impact on ecosystems -adaptive management - systematically testing diff management approaches and aiming to improve methods as time goes Forest fires is a natural phenomenon -ground fire, crown fire, slope fire -salvage...

Words: 667 - Pages: 3

Premium Essay

Manobo

...INTRODUCTION According to Opena (1985), Manobo is a generic term which refers to people who are still in the subsistence level economy and are generally in the mountains and who practice the slash and burn agriculture. Further she qualified that the term Manobo is very derogatory for it connotes to be backward, uncivilized, ignorant, boisterous, unwashed, unkept, rough and lawless. Hence, she opined that the use of the term must be used with discreetness, tact and prudence. The term can also mean a slave (magdul) or a person destined to do all the menial jobs in the house and farm. According to Elkins (1977) the Manobo belongs to the original stock of proto-Philippines or proto-Austronesian people who came from South China thousands of years ago. He later coined the term Manobo to designate the stock of aboriginal non-negeritoid people of Mindanao. They mostly inhabit the hinterlands of Bukidnon specifically on the boundaries of Agusan, Bukidnon, Cotabato, Davao and Misamis Oriental (NCIP,2003). The Western Manobos are in the Southwestern part of Bukidnon in Mulita, Kalilangan and Pangantucan. These people speak a quaint language with Marawi influence which cannot be understood by other ethnic groups in Bukidnon. Marriage is traditionally by parental arrangement, which begins when each of the two families chooses a spokesperson, preferably a datu or bai, who is known for eloquence and knowledge of custom law. Marriage is an alliance system in which reciprocity and mutual...

Words: 1366 - Pages: 6

Premium Essay

Manobo

...INTRODUCTION According to Opena (1985), Manobo is a generic term which refers to people who are still in the subsistence level economy and are generally in the mountains and who practice the slash and burn agriculture. Further she qualified that the term Manobo is very derogatory for it connotes to be backward, uncivilized, ignorant, boisterous, unwashed, unkept, rough and lawless. Hence, she opined that the use of the term must be used with discreetness, tact and prudence. The term can also mean a slave (magdul) or a person destined to do all the menial jobs in the house and farm. According to Elkins (1977) the Manobo belongs to the original stock of proto-Philippines or proto-Austronesian people who came from South China thousands of years ago. He later coined the term Manobo to designate the stock of aboriginal non-negeritoid people of Mindanao. They mostly inhabit the hinterlands of Bukidnon specifically on the boundaries of Agusan, Bukidnon, Cotabato, Davao and Misamis Oriental (NCIP,2003). The Western Manobos are in the Southwestern part of Bukidnon in Mulita, Kalilangan and Pangantucan. These people speak a quaint language with Marawi influence which cannot be understood by other ethnic groups in Bukidnon. Marriage is traditionally by parental arrangement, which begins when each of the two families chooses a spokesperson, preferably a datu or bai, who is known for eloquence and knowledge of custom law. Marriage is an alliance system in which reciprocity and mutual...

Words: 1366 - Pages: 6

Premium Essay

Social Entrepreneurship Through Forest Bio Residue Briquetting

...Social entrepreneurship through forest bio residue briquetting Contents 1. The social problem and the opportunity 4 2. Mission, vision and values 7 3. Our solution (strategy and business model) 9 4. The entrepreneurial team 15 5. Human resources 16 6. Context 18 7. Scaling strategy 20 8. Impact measurement 22 9. Risks 25 10. Financial Plan 28 Bibliography 29 Figure 1. Exposure of the population to natural disasters 4 Figure 2. Lean canvas 8 Figure 3. Manually operated briquetting machine 11 Figure 4. Crushing option 12 0. Business plan summary This section should briefly present the main ideas of the following sections and thus should resemble an elevator speech. Accordingly, it has to be written last, after all the details of the business have been established. Length of section: 0.5-1 page 1. The social problem and the opportunity Most of the time Romania ranks last in sectors like education, health and sustainable development among European countries. But when it comes to antagonistic areas, the situation changes abruptly: Romania occupying the fourth place among the European countries threatened by natural disasters like drought, floods and landslide. In 2012 Institute for Environment and Human Security of the UN launched the World Risk Report which focused on environmental degradation and disasters. According to the study, Romania features an average risk. The report underlined the following aspect: “The risk...

Words: 8925 - Pages: 36

Free Essay

Fanfiction

...Sentence Outline Narrowed Down Topic: Fanfiction: A Creative Platform for Writers I. Introduction A. Introductory Device B. Thesis Statement People should have the liberty to write fanfiction, because it is an opportunity for enthusiastic writers to develop their writing abilities, it is an outlet for writers to explore endless possibilities in creating derived compositions, and lastly it is an activity to simply enjoy oneself considering it is a non-profit activity that brings forth intercommunication within a certain fandom, though sometimes fanfiction may affect an author’s capability to produce their own stories. II. Background A. Morrison (2012) states in The Guardian that fanfiction officially started, in the modern times, during the mid 50’s and 60’s with the growth of television expanding, more people wanted to create what-if stories with their favourite characters through writing. B. According to Schaffner (2009), fanfiction are stories ripped off from other people's work, so fanfiction is a free form, innovatory or derivative textual work that fanfiction practitioners publish online. C. Alter (2012) writes in her article that fan fiction is still a sensitive subject for writers and publishers; while some see it as free marketing and others regard it as a derivative dreck at best and copyright infringement at worst. III. Body A. Writing fanfiction is an opportunity for enthusiastic writers to develop their writing abilities. 1.) Buroker (2013) an official...

Words: 2704 - Pages: 11

Free Essay

Deforestation Rough Draft

...is us”, while this quote can be used for a variety of things, in this instance it will be used to describe the concept of deforestation. According to Merriam Webster deforestation is the act or result of cutting down or burning all the trees in an area. There are many causes that can lead to deforestation for instance, agriculture expansion, logging operations, land abuse, and accidental wildfires. Even through there are a variety of factors that can lead to deforestation the end result is always the same, utter destruction. To begin with, the concept of deforesting is nothing new, the main differences between the present and the past lies in the causes. In the past deforesting was mainly used for agriculture, typically it was used in the slash and burn style. In the present deforesting for agriculture remains but in a much greater scale, according to World Wildlife Fund (WWF) about thirty-six football fields of trees are lost every minute due to deforestation. Agriculture plays a huge part in deforestation especially with the world population at an all-time high, in fact farmers are constantly expanding their land and cutting down trees to grow crops. Next, unlike agriculture logging expansions didn’t occur until most recently. Logging operations are the root cause of the world’s paper, if it weren’t for loggers there would be no paper/wooden products. Although their many differences between logging operations and agriculture, a big difference would be that most logging operations...

Words: 546 - Pages: 3

Premium Essay

Ecological Effects of Forest Fires

...The first question that arises when it comes to the story of forest fires is: What exactly is fire? This question can simply be answered that it is a chemical reaction involving fuel, oxygen and heat. The molecules of a combustible substance move around at an ever more rapid pace as the substance heats until it ultimately combusts totally. When this combustion takes place, the chemicals in whatever substance is being heated are broken down and combined with the oxygen present in the air, with the substance acting as the fuel. This combination causes two things to occur, heat and light, which is essentially fire. The intensity of fire is determined by the amount of fuel present, and as the heat increases, so does the rate of its spreading to other fuel sources. The next question to ponder is: What is the cause of forest fires? While the famous “Smokey the Bear” may tell us that only we can stop forest fires, the truth is that the overwhelming majority of forest fires are caused by lightning. There are other natural causes that can spark forest fires as well. Falling rocks can cause small sparks to be created, which in turn can light piles of dried out kindling such as twigs. Superheated lava from volcanoes can also engulf nearby forests, as can the superheated air caused by an eruption. However, as we all know humans can also cause forest fires. Sometimes these fires are started by accident, and sometimes on purpose. There is a myriad of different fuels that allow a forest...

Words: 2788 - Pages: 12

Premium Essay

Forest

...Earth's forests on a massive scale, often resulting in damage to the quality of the land. Forests still cover about 30 percent of the world’s land area, but swaths the size of Panama are lost each and every year. The world’s rain forests could completely vanish in a hundred years at the current rate of deforestation. Reasons for cutting down the trees Forests are cut down for many reasons, but most of them are related to money or to people’s need to provide for their families.The biggest driver of deforestation is agriculture. Farmers cut forests to provide more room for planting crops or grazing livestock. Often many small farmers will each clear a few acres to feed their families by cutting down trees and burning them in a process known as “slash and burn” agriculture. Logging operations, which provide the world’s wood and paper products, also cut countless trees each year. Loggers, some of them acting illegally, also build roads to access more and more remote forests—which leads to further deforestation. Forests are also cut as a result of growing urban sprawl. Not all deforestation is intentional. Some is caused by...

Words: 709 - Pages: 3

Premium Essay

Haze

... - to use paragraphs - that you letter is to the press Haze: A Danger to Health By: Kelly Soo The haze is a constant phenomenon faced by Malaysia and her neighboring countries. The haze is basically pollution of atmosphere, which is clogged 阻塞 with pollutants and other substances from forest fires. The haze is a direct effect of forest fire in Kalimantan and other parts of Indonesia due to slash and burn method of farming. The Indonesian authorities appear to have no power to control farmers from practicing such methods. The haze is further worsened 恶化 by open burning practiced by most Malaysians. Open-field burning of rice straw by the rice planters and open burning of dried leaves and garbage...

Words: 484 - Pages: 2

Premium Essay

Manobo

...are related. They include the Ata or Langilan Manobo, Talaingod, Matig-Salug, Tigwa, Dibabawon and Umayamnon. Population The population of the combined groups totals over 100,000. Location The island of Mindanao is the second largest of the Philippines archipelago with a land area of 36,505 square miles and the most recent of the major islands to be developed. It is often referred to as the "Land of Promise." The majority of the Manobo are located in the Central Mountains of the island and are seldom found in lowland towns except for going there to trade. Recently, however, many young people have made their way to the urban centers in search of work. Culture For hundreds of years these tribes roamed the valleys and mountains, doing slash-and-burn agriculture and having little or no contact with the outside world. From birth they have heard the oral traditions, myths and ballads, and have practiced the ways that made them distinctly Manobo - different from the lowland Filipino and neighboring tribal groups. Perhaps the strongest of their beliefs is that a person cannto leave the traditional spirits and ways and still be a true...

Words: 1001 - Pages: 5

Premium Essay

Environmental Economics

...diversity 5) The mean annual increment 3. The mean annual increment is calculated by ... 1) Dividing the annual change in biomass by the age of a forest 2) Dividing the total biomass by the age of a forest 3) Multiplying the annual change in biomass by the age of a forest 4) Dividing the annual change in biomass by the interest rate 5) Multiplying the annual change in biomass by the interest rate 4. A higher discount rate will tend to do all of the following except ... 1) Reduce the optimal harvesting period 2) Increase clear cutting 3) Encourage timber harvesting to pay off debts 4) Reduce the mean annual increment 5) Increase ecological damages to forests 5. What is the main cause of global tropical deforestation? 1) Slash-and-burn agriculture 2) Timber harvesting for export 3) Forest clearing for commercial ranches 4) Forest cutting for pulp 5) Forest clearing to build cities 6. How does total forested area tend to change as human populations increase? 1) Total forested area continually decreases 2) Total forested area continually increases 3) Total forested area remains relatively constant 4) Total forested area first increases and then decreases 5) Total forested area first decreases and then increases 7. What is the main reason that total forest area is increasing in many developed countries? 1) Falling timber prices make harvesting less profitable 2) Interest rates tend to be increasing 3) Natural forests have been replaced with planted...

Words: 616 - Pages: 3