What is Statutory Liquidity Ratio (SLR) and Its Objectives?

Feb 17,2020 / By Prahalad Singh / No Comment

RBI Monetary Policy 2020 – Updated Statutory Liquidity Ratio (SLR) Rates

Statutory Liquidity Ratio (SLR) is the govt term for the reserve demand that commercial banks are required to maintain in the form of cash, gold reserves, Reserve Bank of India (RBI) approved securities before giving credit to the customers. It is directed under Section 24 of the Banking Regulation Act, 1949. The SLR is determined by the RBI. It is usually used to control inflation and fuel growth, by increasing and decreasing the money supply. It controls the credit growth in India. The maximum limit of SLR is 40% and the minimum limit of SLR is 0 In India, the RBI always decides the percentage of SLR. If the bank fails to control the required level of the statutory liquidity ratio, then it becomes responsible to pay penalty to Reserve Bank of India (RBI). The current SLR rate in India is 18.25%.

When the SLR is high, banks have less money for commercial operations and hence less money to lend out. When this happens, home loan interest rates often rise. When the SLR is low, similarly, home loan interest rates are likely to fall.

How to calculate the Statutory Liquidity Ratio (SLR)?

SLR Rate = (liquid assets / (demand + time liabilities)) × 100%

What are the components of the Statutory Liquidity Ratio?

There are three major components of SLR:

Liquid Assets

These are assets one can easily convert into cash – gold, govt-approved securities, cash reserves, treasury bills, and government bonds.

Net Demand Liabilities

It is like your Current and Saving Bank accounts from which you can withdraw your money at any time.

Time Liabilities

It is like your Fixed Deposit Bank Accounts where you cannot immediately withdraw your money but have to wait for a certain period.

Where does SLR use?

The SLR is set for a number of purposes. A few uses of SLR are:

Controlling the expansion of bank credit by changing the level of SLR, the RBI can increase or decrease bank credit expansion.
Assuring the safety of commercial banks.
By decreasing the level of SLR, the RBI can increase liquidity with the commercial banks. As a result, it increases investment. This is done to fuel growth and demand.
Forcing the commercial banks to invest in government securities like government bonds.

What are the objectives of SLR?

Main objectives of SLR are :

To control the money supply in the economy.
Through SLR, the Central Bank forces the commercial banks to invest in government securities.
To support the RBI to assure the safety of a commercial bank.
To control the expansion of Bank Credits. RBI can increase or decrease bank credit expansion by changing the SLR rates.

Impact of SLR on the Investor

The Statutory Liquidity Ratio works as one of the reference rates when RBI has to decide the base rate. The base rate is nothing but the minimum lending rate. No bank can grant funds below this rate. This rate is fixed to assure clarity with respect to borrowing and lending in the credit market.

When RBI requires a reserve requirement, it assures that a specific portion of the deposits are safe and are always ready for customers to obtain.

What is Bank Rate, Repo Rate, Reserve Ratio, CRR, SLR?

Reserve Ratio:

Banks keep aside a certain percentage of cash reserves or RBI approved assets. There are two types of reserve ratios: 1) Cash Reserve Ratio and 2) Statutory Liquidity Ratio.

Cash Reserve Ratio (CRR):

It is the ratio of cash legitimate by RBI to be maintained by commercial banks upon its total deposits.

Statutory Liquidity Ratio (SLR):

It is the reserve needed to be managed by commercial banks in the form of liquid cash, gold reserves, and RBI approved securities before approving any credit to the customer.

Repo Rate:

It is the rate charged by RBI for repurchasing the government securities sold by domestic banks.

Bank Rate:

It is the rate at which RBI gives loans and advances to domestic banks.

What is the difference between the repo rate and reverse repo rate?

Repo rate is the rate at which banks borrow money from RBI. Whereas, the reverse repo rate is the rate of interest at which RBI borrows money from commercial banks.

What is the current repo rate?

The current repo rate in India is 5.15%, effective from 06th Feb 20.

How does the repo rate work?

RBI buys government securities from commercial banks at a discounted price. The rate at which it is discounted is the repo rate. After the granted tenure, the respective commercial bank repurchase those government securities from RBI.

How does the repo rate affect the economy?

The change of repo rate is intended to affect the movement of money in the economy. An increase in repo rate decreases the flow of money in the economy, while the decrease in repo rate increases the flow of money in the economy.

What is Reserve Repo Rate?

The rate at which RBI provides interest to banks for depositing funds is called the reserve repo rate. The reserve repo rate at which the RBI borrows money from the banks, instead of lending money to them. The current reverse repo rate is 4.90%.

RBI Monetary Policy Rate

The key indicators of RBI Monetary Policy along with their current rates in the table given below:

CRR	SLR	Repo Rate	Reserve Repo Rate	Marginal Standing Facility rate	Bank Rate
4%	18.25%	5.15%	4.90%	5.40%	5.40%

Lending / Deposit Rates:

Base Rate	MCLR	Saving Deposit Rate	Term Deposit Rate > 1 year
8.45% – 9.40%	7.50% – 7.95%	3.25% – 3.50%	6.00% – 6.40%

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Modern Kitchen Trends 2020

Feb 4,2020 / By Supriya Mogarala / No Comment

Modern kitchens are one of the best alternatives for many reasons. Our lives are full of chaos and chores where we have really less time to spend in our house. Modern kitchens will let you dedicate yourself to other tasks and activities that you cannot usually do in your house. The kitchen must be simple, practical, organized and functional but without leaving aside a beautiful design, this space will never fail to transmit the warmth of home that you will find in these kitchens of past years.

Modern kitchens will serve as an inspiration as one of the spaces of the house that is being modernized and updated in recent times. The design of your kitchen is one of the most important decisions that you must make while you design your house because the appliances require a lot of choices and installations.

Modern white kitchen:

The white colour is one of the main colours in interior decoration, it will never fail to provide your kitchen with a very powerful visual effect by increasing the reception of light and will bring you a sense of cleanliness with amplitude. Ideally, combining the white colour with other colours that will bring vibrancy to your kitchen will be a good idea. The white color can be combined with as many colours as possible since it has the power to blend with any colour around it. White colour has very good compatibility to get blended with all types of materials also. Wood, granite, vinyl are the materials that will make a perfect combination with white. With vibrant colors like white present in your kitchen, you can choose any decorative style for your kitchen. It can be in Nordic look or in retro style by matching it up with lacquered furniture and the white pickled wood. You can combine your kitchen with aluminum accessories to obtain a modern result. And when it comes to walls, you can choose smooth walls or tiles. White color is perfect even for the ceilings.

Appropriate colours for modern kitchen:

It is true that colours we choose to design our home interiors will have a great impact on us. The area in the house must contain the colours that transmit creativity, sociability and enhance calmness in the environment.

If you choose to use a range of cool colours such as purple, green or blue, these colours will make sure that they transmit the kitchen to be clean, efficient and all the above. These colours are meant to provide beautiful aesthetics and professionalism in the kitchen.

You can also choose warm colours such as orange, yellow or red, these colours create more welcoming spaces. These shades of colours will make your kitchen transmit all the warmth. You gain a lot of positivity because of these colours. One of the best options is also to combine your kitchen with cold and warm colors.

Modern kitchen in contrast colours:

One of the best options is to combine the colours to achieve a neutral look is to combine it with various shades of green, red, blue, and beige. Of the colours you choose, one should be the main one that serves as the base and another one will serve as a secondary shade, and the third one will be the most striking colour that will be used only in small strokes in the smallest elements of the kitchen. And based on this, the first two colours will be similar and belong to the same branch of colours. Shades like pastel pink, lavender, pale pink have the strongest compatibility that has a white base.

What advantages do modern kitchens have?

Currently, there are different designs for modern kitchens. Its popularity has indicated that users who want to have one have a huge variety of models, colours, features and various functionalities to decide from. But, in common, what are the qualities that will make modern kitchens so welcoming?

Firstly, it is the creative design that draws consideration of the potential buyers. Currently, the kitchen has winded up to be a separate space apart from the eyes of guests and is frequently blended with the rest of the house, so you have to attract people who see it as much as the rest of the decor. Therefore, the kitchen not only has to comply with the purposes linked with it but must also present a style compatible with the rest of the house.

Thus, this kind of modern kitchens, with their thoughtful design, bright surfaces, and global thought directed both at remaining functional and gratifying to the eye, develop as a great option when it comes to understanding the overall decor of your house.

Kitchens are not those spaces anymore which are just dedicated entirely to perform functions related to food, but also are places of friendship and other social activities. Therefore, modern kitchens are also defined by the presence of items like stools and chairs that let you cook, eat and store different objects in the most unique way. In this way, the attention that these types of design plans lend to the function of the kitchen as a place for socialization has won the hearts of many people, who have preferred this type of kitchen to be included in their house.

The surfaces of modern kitchens are wear and tear-resistant and, particularly, very easy to clean. With the fast-paced life we are living now, we are very appreciative that one of the dirtiest spaces of the house can be cleaned instantly and easily. Therefore, the substances that modern kitchens are usually made of are characterized by being ready to be easily cleaned and be much more repellent to stains, bumps, and humidity than the more traditional design, such as wood.

The modern style also provides the chance to have kitchens with integrated furniture and appliances, which makes them ideal and perfect for small houses where you have to take benefit of every last crack possible. Modern kitchens are hugely versatile and adaptable, which makes them a perfect choice for those houses where a shortage of space is a major problem. The islands, that ordinarily substitute conventional tables in the designs of modern kitchens not only improve their storage space but also add a new place to keep appliances that sometimes do not fit in the usual design, such as an oven or a dishwasher.

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How to Check Land Records Online In Karnataka?

Jan 8,2020 / By Prahalad Singh / No Comment

Online Land Conversion brought necessary transparency and accountability in the procedure and curb delays and corruption in the system. Karnataka has been at the forefront ever since the launch of this scheme. It is the first state to digitize all its land records under the Bhoomi project.

Bhoomi: An aid to Digital India campaign

In a bid to bring transparency and accountability in the property-related activities, Karnataka’s Revenue Department has brought all the land record activities online. “Bhoomi” is a project jointly funded by the Government of India (GoI) and the Government of Karnataka (GoK). It is a flagship project started by Karnataka State Government to maintain Land Records. This land record management system was introduced in 2000. It uses advanced online technology for land management under which all the manual Record of Rights (RTCs) which are examined at the time of data entry were digitized and made available to the citizen through Kiosk Centres. All the ownership or any other changes in the Record of Rights (RTCs) are executed through mutation as per the Karnataka Land Revenue (KLR) Act using the Land Records database.

For the convenience of the citizens, Bhoomi offices have been set in over 175 taluks and 6000 Gram Panchayats of the state. In each of these centers, LR Kiosk & Application Kiosk have also been set-up. Any citizen or farmer can directly walk into one of these offices and apply for an RTC by providing the required documents. An individual can also check the status of his/her application in these centers by using the acknowledgment number.

Bhoomi Portals offers a list of services managed by the Government of Karnataka:

List of New Taluks
i-Record of Rights, Tenancy and Crops (i-RTC)
Mutation Register
Kodagu Disaster Rescue
RTC
Mutation Extract
RTC Information
Tippan
Revenue Maps
Mutation Status
Registration of Citizen
XML verification of RTC
Citizen Login
Register of Dispute Cases

Also, to make the land conversion procedure easier and smooth, the Karnataka government has started the online process to convert agricultural land into non-agricultural land for commercial use after paying a nominal fee. This move will undeniably improve the state’s ease-of-doing-business and make the land conversion system hassle-free.

Process of registering yourself at the Bhoomi Portal?

In order to avail of the services offered at Bhoomi, you will be required to register at the Bhoomi Portal before login. Below are a few useful tips for registration:

Step 1: Visit for the official Bhoomi Login page-. www.landrecords.karnataka.gov.in

Step 2: Click the “Create Account” icon to redirect you to the Sign-up page

Step 3: Enter the required details along with the Captcha Code

Step 4: Click on ‘Submit’ to register yourself at the Bhoomi Portal

One can effortlessly log in to the Bhoomi Portal and download the appropriate deeds within a few minutes! Below is the step by step-by-step process to assist you to download your property papers.

How to check/view Karnataka Land Records online?

To view the Karnataka land records online, one will simply have to login to the Bhoomi Portal and follow the step-by-step process-

Step 1: Log in to www.landrecords.karnataka.gov.in

Step 2: Under the projects tab, click on ‘Bhoomi’

Step 3: Under services, click on ‘Citizen services’

Step 4: Next click on ‘RTC’

Step 5: Enter your details such as name, mobile no, email id, and Aadhar card number

Step 6: Enter land details such as district, taluk, hobli, village, survey number, surnoc, hissa number, and validity period of RTC.

Step 7: Click on ‘view RTC’ or ‘Pay & Download’ option

Step 8: Pay via your credit card/debit card/internet banking

Step 9: Download the PDF format and take a print out

Apart from Bhoomi, the revenue department of Karnataka has designed several other projects for the benefit of citizens. Some of them are CLWS (Crop Loan Waiver System), Parihara, Name match algorithm, and the Dishaank app.

Government of Karnataka to link lands digitally

One of the principal upcoming projects of the Karnataka Govt. is a drone-based survey that will be conducted across various districts of Karnataka. The Government of Karnataka has signed an agreement with the Survey of India in this respect. It is one of its kind movement, initiated by the state government at a cost of Rs 125 crore.

The project intends to update the RTC or Pahani (RTC) and link the lands digitally i.e., geo-reference them. Phase 1 of the project is supposed to be achieved within a time-frame of two years. Bengaluru, Ramanagara, Belagavi, Uttara Kannada, Hassan, and Tumkuru districts will be covered under Phase 1. Gadag, Mysuru, Dharwad, Dakshina Kannada, Kalaburagi, Davanagere, Kodagu, and Vijayapura are supposed to be included in the next phase.

Is there any benefit of Bhoomi Portal for farmers?

Yes, the Bhoomi Portal has proved to be a useful guide for farmers to avail of land-related documents and records throughout the years. The portal offers services to farmers to avail necessary documents such as:

Land records copy could be used by farmers later for applying for loans or any other purposes.
By giving the plot number or the name of the landowner, a copy of RTC can be easily taken.
To adjust land records in case of sale or inheritance of land, mutation requests can be used by farmers.
For protecting crops or claim insurance, crop data in the i-RTC can be used later.
The portal also gives farmers access to check the application status of mutation requests.
For land-related disputes, a farmer is required to submit land dispute documents at courts. In this situation, he can easily avail of the necessary documents from the Bhoomi Portal.
A farmer can request another inspector/controller at the Taluk level if the revenue officer fails to approve the mutation request in 50 days, to complete the request.

What is RTC? Which all information a landlord can get from RTC?

The RTC (Record of Rights, Tenancy and Crops) is also known as Pahani. It is an important land record in Karnataka that is issued to the existing landowner. The documents include the owner details and all the land-related details such as:

Information about the landowner
Tenancy
Area of the Land
Type of land
Water Rate i.e. how much of water is to be utilized to keep the land
Identification of soil type
Crops are grown on the land
Commercial, agricultural and non-agricultural residential flood area
Nature of possession
Liabilities such as bank loans on the land

How to register land in Karnataka through Bhoomi Portal?

Mentioned below are a few steps that are required to register land under Bhoomi Portal in Karnataka:

First of all, an individual must buy stamp paper and keep all the documents handy
Submit the required documents to the Sub-Registrar in charge of that particular jurisdiction
After verifying these documents, the individual will have to pay a fee for registering the land
A receipt for registering the land will be given to him/her
The photo of the individual will be taken at the same time
Verbal approval between the buyer and seller will be required, along with a witness
After registering the documents, a unique registration number will be assigned to this document
Once the registration process is complete, the rural land sale information is passed on to the Patwari for adding the entries in the Jamabandi register, which is the Record of Rights.

Karnataka Land records recent updates

In February 2019, Karnataka formally inked an agreement with the Survey of India to conduct a technology-driven, drone-based survey.
In October 2019, Karnataka Govt’s partnership with the Survey of India decided to link land records to digital maps.

Image Source: Onlineyojana.in

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A guide to choosing the right colors for your house.

Nov 13,2019 / By Supriya Mogarala / No Comment

Whatever the selection, colors have an influence. That’s why most utmost modern homebuyers appreciate picking the colors that will determine the appearance of their latest home.

For those who have the intention to establish a fully custom house, the sky’s the border with regard to color alternatives. For those who purchase a resale house, whatever the former owner desired is what the subsequent buyer will get.

Between those two is the recently built home, which contributes buyers an insufficient number of predetermined colors for paint, cabinets, trim, front door, roof tiles, countertops and more. The options are many, though not enough to overwhelm most buyers’ ability to decide.

According to therapists, colors tend to have a psychological and physical impact on us.
For example, certain colors can raise blood pressure, increase metabolism or even cause eye strain, while other colors have a healing impact and may balance energy levels.

Red

Red signifies love, enthusiasm, and strength. It is a color that radiates warmness and attracts attention. It has a vast emotional influence, delivering it exemplary for the living room.

Orange

Orange is the color of wisdom, integrity, and kindness. It indicates a healthy social environment and revitalizes the mind and body.

Yellow

Yellow is one of the most rarely used colors in the world and is exemplary for small-sized houses in cities. It radiates warmness, motivation, and joy. Besides sunlight and spirituality, yellow is also correlated with money, as it is the color of gold.

Green

Green symbolizes freshness and wealth. Its peaceful quality describes the influence of nature. The color is determined to have a therapeutic influence and is becoming for rooms that concentrate on wellbeing and relaxation.

Blue

Blue symbolizes serenity, relaxation, and tranquility. It is the color of the sky and ocean and features a cooling and soothing impact in rooms. It is perfect for bathrooms because it is correlated with water. When practiced in bedrooms, it causes sleep by tranquilizing the mind. A shade of Mediterranean blue accommodates to blur the room’s boundaries thereby, making it resemble bigger than its original size.

Purple

Purple represents emotion, enthusiasm, royalty, lavishness, and intensity of feeling.

Pink

Pink is a sensitive color and connotes consciousness and caring nature. Hence, it is exemplary for bedrooms, as it gives a peaceful feeling and executes it look cheerful.

Black and white

White is correlated with sincerity and grace, while black is blended with negativity and compulsion. If you are not satisfied with a common white wall, then, you can choose for diverse tones of white. You can pick a white tone with a pink shade, blue or green tone. This makes the room resemble bigger and vigorous. Black can be practiced to add distinction, to a room that has light-colored walls.

While painting a room, do not apply more than three colors for any area, including neutrals. All that is lacked is short planning, to discover a color that entirely suits your room.
Suggestions for painting a large room
· Bright colors combine a positive vibe and obtain the surrounding extra vigorous. Younger children, inaccurate, direct to choose bright colors like orange, yellow, and red.
· Warm colors can obtain a huge room seem more comfortable, while little bedrooms can be made to resemble larger, with cooler shades.
· Living rooms decorated in a triadic system manage to be very lively and dynamic and represent youthfulness and freshness.
Painting a small room:
· Lavender, Yellow, and pink are exemplary for small-sized bedrooms.
· You can also decorate one wall in a small bedroom with a deeper shade, to distinguish it from the separate walls in the room. The darker wall will resemble to decrease, producing an apparition of space.

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How technology had changed the phase of real estate

Nov 5,2019 / By Supriya Mogarala / No Comment

Occupancy Certificate for Wave City Center

The significance of technology in our everyday life is indisputable. We all admit to this case that the progressive world today is insignificant without technology.

Technology has eternally influenced significant businesses like transportation, healthcare, financial services, the retail sector and many more, the identical approach it has transformed the real estate sector in an intense way. Right from viewing for a house online to booking it, technology has satisfied a great idea to promote the customer’s life. Due to technological progress, people have immediately become savvy and hold an easy path to a plethora of knowledge.

Within technology, innovative opportunities are knocking the door

Technological accomplishment has delivered the world to a distinct level and the picture is entirely distinct from the past decades where it handled to be challenging for sellers to combine with buyers.

Simple search methods: Google search has made it easy to obtain any information in a mouse click. Real estate companies now have their websites and apps where the customers can preview the information that they need. Technological development has broken the barrier of even geographic hindrance where NRI customers can also book and finalize homes from any part of the country. In fact, because of booming technology, it is easier for a customer to seek advice from professionals in case of any doubt.

Online payment option: With online payment options buying and selling homes has become a lot easier than before. While earlier customers had to attend individually and a singular date was established to obtain payments. Now, due to easy bank transfer and various other techniques of obtaining payments, it has become simple to make immediate payments.

Chatbots: marketing and sales enforcement has been magnified via chatbots. Chatbots assist as a point of communication between customers and companies because they market straight questions and assists customers to solve their inquiries.

Social media: Every news is just a snap away with Social media. it proffers every unique detail that is important from a customer’s point of view.

Home computerization: With technology shaping our lives easier and simpler. smart homes have become the foundation for a stable lifestyle. It is the technology that has caused home automation into the picture. Every day we understand the latest home automation to obtain our home protected and technologically exceptional. Home automation includes a wide array of functionalities.

Let us understand about few contemporary devices that is the most suitable example of home automation:

Brilliant Control: This thing is an individual wall switch that practices Wi-Fi to connect and experiment with multiple devices in your house. The color finish screen and a user-friendly button will let you play music, control light, estimated temperatures and many more. It’s valued reasonably but is a smart choice for a high-tech house.

Nest Learning Thermostat: Combined with a Wi-Fi that assists you to regulate the temperature from phone, tablet or your system.

Smart heating and cooling: An incorporation of primitive sensor that accommodates to decrease hot and cold points in various rooms. From subtle progression in technology to technology causing a revolution in today’s world has been an indispensable component of our lives.

With technology altering the face of real estate unnatural intelligence is transforming this business. It is prognosticated that Artificial intelligence will be capable to take over the market absolutely. Firstly it managed to be a monologue platform but due to progression in technology, it has now matched a dialogue online program. Due to this Upgradation in technology, it is prognosticated that the overall business division be it a real estate or any other is continuing to prosper.

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