Definition: Repo rate is the rate at which the central bank of a country (Reserve Bank of India in case of India) lends money to commercial banks in the event of any shortfall of funds. It is an instrument of Monetary policy. Repo rate is used by monetary authorities to control inflation.
Description: In the event of inflation, central banks increase repo rate as this acts as a disincentive for banks to borrow from the central bank. This ultimately reduces the money supply in the economy and thus helps in arresting inflation.
A
reduction in the repo rate helps banks get money at a cheaper rate and vice
versa. The repo rate in India is similar to the discount rate in the US.
What is Reverse Repo rate?
Reverse Repo rate is the rate at which the RBI borrows
money from commercial banks.
Banks are always happy to lend money to the RBI
since their money are in safe hands with a good interest.
An increase in
reverse repo rate can prompt banks to park more funds with the RBI to earn
higher returns on idle cash.
It is also a tool which can be used by the RBI to
drain excess money out of the banking system.
A couple of years ago, Amazon changed the tablet market when it released the Kindle Fire, with its small screen and even smaller price tag. A few months later, Apple took our eyes to a luxurious spa when it launched the high-resolution iPad. The 2013 Nexus 7 is very nice. Pick it up, and you'll feel a tablet so light and thin that you'll think there must be some serious compromises on the inside. On the contrary. Power it up, and you'll see the sharpest tablet screen you've ever laid your eyes on. Run a few apps, and you'll experience a screaming-fast device that gives any rival tablet a run for its money. The new Nexus 7 is the real deal. Its combination of portability, display quality, horsepower, and pricing is unprecedented. Its peers live in the future, perhaps only a few months away, but in the future nonetheless. And though it has some compromises, it's probably the least compromised small tablet available today.The Nexus 7 is extremely light. At 290 g (10.23 oz), it's lighter than the original Nexus 7, theiPad mini, and any ofSamsung's tablets. It's portability taken to the extreme. It has a small overall footprint, and is extremely easy for even medium-sized hands to grasp with one hand. The Nexus 7 is made of plastic, but it doesn't feel cheap. The matte backing feels solid and sturdy. The back corners are nicely sloped, and the tablet feels comfortable in hand. There are no corners jabbing into your hand, as with some rival tablets. It's thin too. It isn't as thin as the iPad mini (it's actually 21 percent thicker), but there's nothing to worry about there. The Nexus 7 doesn't feel remotely beefy. In fact, it's 17 percent thinner than the 2012 Nexus 7. It isn't the thinnest tablet around, but it's still among the leaders in that category. There are two cameras this time around (the 2012 model lacked a rear shooter). We're looking at a 5 MP camera on the rear and 1.2 MP on the front. Nothing mind-blowing here, but since we don't use tablets for anything bordering on serious photography, we didn't have any complaints. The power/sleep button and volume buttons sit right next to each other, on the tablet's upper right side (when holding in portrait mode). They're close enough that you can easily put it to sleep when trying to raise the volume (or vice versa), so it would have been nice to see more spacing there. The customary 3.5-mm headphone jack and a microUSB port for charging/syncing are the only ports on the Nexus 7. he new Nexus 7 has a ridiculously sharp display. If you're counting pixels, we're looking at 1,920 x 1,200 resolution, spread out over seven inches (measured diagonally). Its 326 pixels per inch (PPI) display is much denser than the iPad's264 PPI and theNexus 10's 299 PPI. Your eyes will appreciate those extra pixels. Text is where it stands out the most, as you can see in the image above. Fonts are razor sharp, and images and videos look great too. There's no reason to hesitate about display sharpness here. It's outstanding. The iPad mini is one of the Nexus 7's chief rivals, and likely the hottest-selling tablet on the market right now. We can't stress enough how vastly superior the Nexus 7's display quality is. My eyes literally hurt after using the iPad mini's display for extended periods. No such problems with the Nexus 7. Display size is more of a yellow flag. The Nexus' seven-inch screen with 16:10 aspect ratio isn'tunfamiliar. But, like the original Nexus 7, you don't quite get to use that already-small screen's entire landscape. This is due to stock Android's persistent onscreen navigation buttons (back, home, recent apps). When you combine the small screen with those nav buttons, you have a screen with usable area that's much smaller than the iPad mini's, and also smaller than other 7-inch tablets that have physical buttons, like theGalaxy Tab 3. Is it too small? Not for me, but it could be for some people. We think the iPad mini's 7.9-inch, 4:3 screen is an excellent size, balancing portability and uncompromised real estate. The new Nexus 7, like its predecessor, feels a little bit compromised in that area. The 2013 Nexus 7's performance, however, is uncompromised. It abandons the Nvidia Tegra 3 found in the original, in favor of Qualcomm's quad-core Snapdragon S4 Pro, clocked at 1.5 GHz. It has 2 GB of RAM. The Nexus 7 whirred through the benchmarks we threw at it, racking up 2701 in Geekbench (the iPad 4 only scored 1766), and 5546 in Quadrant (much lower than theGalaxy S4's 12066, but faster than most Android tablets). In terms of experience, we found nothing to complain about with the Nexus 7's performance. Apps launched quickly, multitasking was a breeze, and every 3D-rendered game we threw at it played without any frame rate hiccups. Navigating around Android 4.3 is smooth. The days of Android devices' choppy, inconsistent performance are long gone ... or at least in devices like the Nexus 7, they are.
Rockstar Games has finally released released the official trailer for its much awaited open world, action - adventure game Grand Theft Auto V on 29th August, 2013.
GTA V will be released worldwide on September 17th, 2013 for PlayStation 3 and Xbox 360. With each passing day, the anticipation for the game is growing at an enormous rate.
Developed by series creator Rockstar North, has now released the official trailer for the game and it looks nothing short of a full fledged movie trailer! The new trailer is very cinematic.
The trailer lets you have a peek into the story's plot, how the various characters interact with each other and promises to be fully action packed!
The game lets you don the role of the three protagonists, all having very different criminal plot. The three players are:
Franklin, who is a street hustler looking for real opportunities and some serious need of money
Michael, a professional ex-con and
Trevor, a violent maniac
In GTA V you can not only don the role of the three protagonists, but you can switch between them as and when you like!
In this series one can have access to large pool of vehicles, weapons, customize your character with lot of cool features as well!
Official trailer of GTA V
Source: Youtube
And if you are wondering what the trailer song is, it is "Sleepwalking" from the band, The Chain Gang of 1974.
In early 2012, the tech world was ablaze with talks that the search giant google was working on augmented reality goggles.
And since it's public unveiling in April 2012, google's hottest and latest gadget that has really revolutionized the space of mobile communication, this tiny head mounted Android computer has generated a lot of buzz and certainly capturing plenty of attention.
It is currently available to the eminent members of the tech community in it's limited beta version
& to a selection of "Glass Explorers".
But what exactly is Google glass? Why is Google glass attracting so much of attention? What is "Glass Explorers"?
To answer these questions, here is our review for Google Glass.
What is Google glass anyway?!
Google Glass is developed by Google in the Project Glass project and it is a wearable computer with an optical head mounted display (OHMD). Google glass displays information in a smartphone-like hands free format and it can communicate via natural language voice commands.So in all, Google Glass is a camera, display, touchpad, battery and microphone built into spectacle frames so that you can perch a display in your field of vision, film, take pictures, search and translate on the go.
How Glass works: A German designer created this infographic to show how the eyewear projects an image Source: www.dailymail.co.uk
What can Google Glass do?
Record Videos and Take Pictures: Google Glass will take a picture or record a video handsfree! You just have to say the word! These pictures and videos will then get stored on the 4GB flash memory within the device and one can also share them on social networking websites.
Speak to send a message: Google Glass will show you the text messages and the emails and also allow you to reply to them via voice commands.
Find Information on the go: You simple need to ask a question and the device will pull the answer from the internet!
Directions right in front of you: Google Maps are integrated into the glass and can be accessed via voice commands.
Video Sharing - LIVE! : Google Glass can show the world what you are seeing - LIVE! Whether you are skydiving or attending a marriage or play, you can share the feed with your friends in real time and make them part of this beautiful experience.
Translate your voice: Simple ask Glass to translate the phrase or word from one language to another and it will speak it out for you!
What is Google Glass release date?
The final release date has not been announced yet, but Google hopes to launch it by end of 2013 or early 2014
What is Google Glass Price?
Though the company is already pushing out developer editions, priced at $1,500. A consumer version will be available by the end of 2013 for under $1,500.
Source: Youtube
What is Google Explorer Program?
The Glass Explorer program is an early adopter program available for developers and consumers to test Google Glass, and gauge how people will want to use it. Entry into the Explorer program was made available to the general public on February 20, 2013, and ended on February 27, 2013. The program's promotional material stated that "bold, creative individuals" who wanted to test the device were being sought out. Applicants were required to post a message—of 50 words or less—on Google+ or Twitter with the hashtag "#ifihadglass" featured. Successful applicants were required to attend a Google Glass event in either New York, San Francisco, or Los Angeles to pick up the developer version for US$1,500.
Samsung galaxy has now a wireless charger, one way is to buy an energy card, remove the phone's back cover and attach the card directly to the battery. Another option is a replacement back cover, with both methods then requiring the phone to be left on a pad to charge.
Both methods take longer than charging from the socket, and they cost more than a replacement charger, too: the energy card costs £14.99, while the replacement back cover is £9.99 and the charging pad is £19.99.
Every year first Sunday of august is celebrated as
FRIENDSHIP DAY among friends, boyfriends, girlfriends, besties, BFF or whatever
:p ! The tradition of Friendship Day started in
1935 by the US congress, they decided to dedicate one day in an honor of friends.
At that Era devastating effect of the First world war created mistrust and
hatred among the people so, the US congress declared this day to bring love and
friendship back in the world.
This became so popular that all other countries also started
celebrating this day with their friends and dear ones.
