👉Long-Term Repo Operation
Topic related with paper 1 of commerce optional.
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Long-Term Repo Operation (LTRO) was introduced by the Reserve Bank in February, 2020.

✅Through this policy, the central bank would provide liquidity support to commercial banks for a period of 1 to 3 years at the current repo rate, and would accept government securities as collateral in return.

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✅This is in contrast to the other measures it was providing such as Liquidity Adjustment Facility (LAF) and Marginal Standing Facility (MSF) which provide cash to banks for a period of 1 to 28 days only.

Today we will discuss on AS-9 Revenue Recognition relevant for UPSC Commerce Optional

AS 9 explains the timing for recognition of revenue in the financial statements and also state the circumstances under which revenue recognition should be postponed.

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We are updating current affairs booklet for UPSC Commerce optional mains 2020.

We are covering news related with commerce option till October 2020.

We will release final current affairs booklet before 6th November 2020.

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