An ATM card is a payment card, issued to the customers on request by the bank, that facilitates a customer to access automated teller machine and withdraw money any time. On the other hand, debit card is one that enables the cardholder to make electronic transfer of funds from the account associated with the card, while making a purchase. Nowadays, it is quite gruesome to carry a lot of money with us and also the fear of getting it robbed by the thieves, has forced people to keep a larger … [Read more...]
Difference Between Direct Tax and Indirect Tax
Tax is defined as a financial obligation, it is a fee levied by the government of the respective country on income, goods, and activity. The main reason for imposing taxes is that they are the main source of revenue to the government. Taxes are broadly classified as a direct tax and indirect tax, wherein the former is charged directly on the income or wealth of the person, while the latter is imposed on the price of goods and services. In the case of a direct tax, the taxpayer is the person … [Read more...]
Difference Between Leader and Manager
There is always a buzz when we talk about a leader and the manager. Leadership is a skill and the person who possess this ability is known as a LEADER. On the other hand, Management is a discipline, and the practitioner of this discipline is known as the MANAGER. Leader and manager have a great role to play in any organization, in the sense that a leader is the one who inspires, encourages and influence his men, to work willingly, in the attainment of the organization's objectives. On the … [Read more...]
Difference Between LED and CFL bulbs
The invention of incandescent light bulb by Thomas Alva Edison and his team, was one of the greatest invention in the history. After continuous research on the bulbs, scientist have discovered that LED and CFL bulbs are far better than the incandescent ones. When it comes to making choice in bulbs, LED bulbs are much more efficient than CFL bulbs in terms of power consumption and life years, but at the same time, their cost is high. One have to make a choice between these two as they are … [Read more...]
Difference Between CID and CBI
In India, there are two special forces that are set up by the government to solve various criminal cases. These forces are CID and CBI, wherein the former operates at state level, and has limited powers while the latter operates at national level and thus they solve cases which require severe investigation. Nowadays, in the newspapers and every news channel we came across headlines concerned with murders, corruptions, scandals, robbery, assaults, suicides, accidents, dowry, crime against … [Read more...]
Difference Between Agreement and Memorandum of Understanding (MoU)
At the time of entering into a legal transaction, there are two options available to the parties, i.e. agreement or memorandum of understanding. While an agreement refers to concordance between the legally competent parties, which is generally negotiated. Conversely, in Memorandum of Understanding (MoU) is a type of agreement between legally competent parties, which is non-binding in nature. An MoU contains the description of understanding between the two parties, including the requirements … [Read more...]
Difference Between Open University and Distance Education
In this fast-paced world, education plays a crucial role, as the market is very competitive. People from all walks of life can get their degrees and diplomas in various disciplines. A degree from the open university gives a great opportunity to the learners to make their career and work in a big organization. It helps the students to study, while they are on job, as it does not require students to study at a specific time. Distance Learning, on the other hand, is a mode of delivering … [Read more...]
Difference Between Repo Rate and MSF Rate
Repo Rate or repurchase auction rate is one at which the Reserve Bank of India, buys back Government Securities, from the commercial banks, based on the level of liquidity, the central bank wants to maintain in the country's economy. The central bank uses this as a tool to increase or decrease the supply of money in the economy. Marginal Standing Facility (MSF), is a window for banks, to take money on credit from the central bank, by pledging Government securities, in the case of emergency, … [Read more...]
Difference Between Bank Rate and MSF Rate
Bank Rate is defined as the rate at which the central bank is ready to purchase the financial instruments, that are covered under section 49 of the RBI Act. It helps in maintaining the overall credit situation in the country. It is not the same thing as MSF Rate. MSF stands for Marginal Standing Facility availed by the banks only when the excess SLR of their net demand and time liabilities has been exhausted. In this facility, banks are required to pay interest, at a rate which is 100 bps … [Read more...]
Difference Between Repo Rate and Reverse Repo Rate
Repo rate or otherwise known as repurchase auction rate, is introduced by RBI to increase the flow of money in the market, i.e. when there os lack of liquidity in the economy and the interest rate is rising, the country's central bank will buy Government securities and the amount if paid to the bank, which improves overall credit. On the other hand, Reverse repo rate is a fixed cut-off rate, at which the government securities are sold by the central bank at the auction. It assists bank in … [Read more...]
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