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Guru Granth Sahib
Composition, Arrangement & Layout
ਜਪੁ | Jup
ਸੋ ਦਰੁ | So Dar
ਸੋਹਿਲਾ | Sohilaa
ਰਾਗੁ ਸਿਰੀਰਾਗੁ | Raag Siree-Raag
Gurbani (14-53)
Ashtpadiyan (53-71)
Gurbani (71-74)
Pahre (74-78)
Chhant (78-81)
Vanjara (81-82)
Vaar Siri Raag (83-91)
Bhagat Bani (91-93)
ਰਾਗੁ ਮਾਝ | Raag Maajh
Gurbani (94-109)
Ashtpadi (109)
Ashtpadiyan (110-129)
Ashtpadi (129-130)
Ashtpadiyan (130-133)
Bara Maha (133-136)
Din Raen (136-137)
Vaar Maajh Ki (137-150)
ਰਾਗੁ ਗਉੜੀ | Raag Gauree
Gurbani (151-185)
Quartets/Couplets (185-220)
Ashtpadiyan (220-234)
Karhalei (234-235)
Ashtpadiyan (235-242)
Chhant (242-249)
Baavan Akhari (250-262)
Sukhmani (262-296)
Thittee (296-300)
Gauree kii Vaar (300-323)
Gurbani (323-330)
Ashtpadiyan (330-340)
Baavan Akhari (340-343)
Thintteen (343-344)
Vaar Kabir (344-345)
Bhagat Bani (345-346)
ਰਾਗੁ ਆਸਾ | Raag Aasaa
Gurbani (347-348)
Chaupaday (348-364)
Panchpadde (364-365)
Kaafee (365-409)
Aasaavaree (409-411)
Ashtpadiyan (411-432)
Patee (432-435)
Chhant (435-462)
Vaar Aasaa (462-475)
Bhagat Bani (475-488)
ਰਾਗੁ ਗੂਜਰੀ | Raag Goojaree
Gurbani (489-503)
Ashtpadiyan (503-508)
Vaar Gujari (508-517)
Vaar Gujari (517-526)
ਰਾਗੁ ਦੇਵਗੰਧਾਰੀ | Raag Dayv-Gandhaaree
Gurbani (527-536)
ਰਾਗੁ ਬਿਹਾਗੜਾ | Raag Bihaagraa
Gurbani (537-556)
Chhant (538-548)
Vaar Bihaagraa (548-556)
ਰਾਗੁ ਵਡਹੰਸ | Raag Wadhans
Gurbani (557-564)
Ashtpadiyan (564-565)
Chhant (565-575)
Ghoriaan (575-578)
Alaahaniiaa (578-582)
Vaar Wadhans (582-594)
ਰਾਗੁ ਸੋਰਠਿ | Raag Sorath
Gurbani (595-634)
Asatpadhiya (634-642)
Vaar Sorath (642-659)
ਰਾਗੁ ਧਨਾਸਰੀ | Raag Dhanasaree
Gurbani (660-685)
Astpadhiya (685-687)
Chhant (687-691)
Bhagat Bani (691-695)
ਰਾਗੁ ਜੈਤਸਰੀ | Raag Jaitsree
Gurbani (696-703)
Chhant (703-705)
Vaar Jaitsaree (705-710)
Bhagat Bani (710)
ਰਾਗੁ ਟੋਡੀ | Raag Todee
ਰਾਗੁ ਬੈਰਾੜੀ | Raag Bairaaree
ਰਾਗੁ ਤਿਲੰਗ | Raag Tilang
Gurbani (721-727)
Bhagat Bani (727)
ਰਾਗੁ ਸੂਹੀ | Raag Suhi
Gurbani (728-750)
Ashtpadiyan (750-761)
Kaafee (761-762)
Suchajee (762)
Gunvantee (763)
Chhant (763-785)
Vaar Soohee (785-792)
Bhagat Bani (792-794)
ਰਾਗੁ ਬਿਲਾਵਲੁ | Raag Bilaaval
Gurbani (795-831)
Ashtpadiyan (831-838)
Thitteen (838-840)
Vaar Sat (841-843)
Chhant (843-848)
Vaar Bilaaval (849-855)
Bhagat Bani (855-858)
ਰਾਗੁ ਗੋਂਡ | Raag Gond
Gurbani (859-869)
Ashtpadiyan (869)
Bhagat Bani (870-875)
ਰਾਗੁ ਰਾਮਕਲੀ | Raag Ramkalee
Ashtpadiyan (902-916)
Gurbani (876-902)
Anand (917-922)
Sadd (923-924)
Chhant (924-929)
Dakhnee (929-938)
Sidh Gosat (938-946)
Vaar Ramkalee (947-968)
ਰਾਗੁ ਨਟ ਨਾਰਾਇਨ | Raag Nat Narayan
Gurbani (975-980)
Ashtpadiyan (980-983)
ਰਾਗੁ ਮਾਲੀ ਗਉੜਾ | Raag Maalee Gauraa
Gurbani (984-988)
Bhagat Bani (988)
ਰਾਗੁ ਮਾਰੂ | Raag Maaroo
Gurbani (889-1008)
Ashtpadiyan (1008-1014)
Kaafee (1014-1016)
Ashtpadiyan (1016-1019)
Anjulian (1019-1020)
Solhe (1020-1033)
Dakhni (1033-1043)
ਰਾਗੁ ਤੁਖਾਰੀ | Raag Tukhaari
Bara Maha (1107-1110)
Chhant (1110-1117)
ਰਾਗੁ ਕੇਦਾਰਾ | Raag Kedara
Gurbani (1118-1123)
Bhagat Bani (1123-1124)
ਰਾਗੁ ਭੈਰਉ | Raag Bhairo
Gurbani (1125-1152)
Partaal (1153)
Ashtpadiyan (1153-1167)
ਰਾਗੁ ਬਸੰਤੁ | Raag Basant
Gurbani (1168-1187)
Ashtpadiyan (1187-1193)
Vaar Basant (1193-1196)
ਰਾਗੁ ਸਾਰਗ | Raag Saarag
Gurbani (1197-1200)
Partaal (1200-1231)
Ashtpadiyan (1232-1236)
Chhant (1236-1237)
Vaar Saarang (1237-1253)
ਰਾਗੁ ਮਲਾਰ | Raag Malaar
Gurbani (1254-1293)
Partaal (1265-1273)
Ashtpadiyan (1273-1278)
Chhant (1278)
Vaar Malaar (1278-91)
Bhagat Bani (1292-93)
ਰਾਗੁ ਕਾਨੜਾ | Raag Kaanraa
Gurbani (1294-96)
Partaal (1296-1318)
Ashtpadiyan (1308-1312)
Chhant (1312)
Vaar Kaanraa
Bhagat Bani (1318)
ਰਾਗੁ ਕਲਿਆਨ | Raag Kalyaan
Gurbani (1319-23)
Ashtpadiyan (1323-26)
ਰਾਗੁ ਪ੍ਰਭਾਤੀ | Raag Prabhaatee
Gurbani (1327-1341)
Ashtpadiyan (1342-51)
ਰਾਗੁ ਜੈਜਾਵੰਤੀ | Raag Jaijaiwanti
Gurbani (1352-53)
Salok | Gatha | Phunahe | Chaubole | Swayiye
Sehskritee Mahala 1
Sehskritee Mahala 5
Gaathaa Mahala 5
Phunhay Mahala 5
Chaubolae Mahala 5
Shaloks Bhagat Kabir
Shaloks Sheikh Farid
Swaiyyae Mahala 5
Swaiyyae in Praise of Gurus
Shaloks in Addition To Vaars
Shalok Ninth Mehl
Mundavanee Mehl 5
ਰਾਗ ਮਾਲਾ, Raag Maalaa
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RBI Hikes Short Term Rates To Tame Inflation
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<blockquote data-quote="rajneesh madhok" data-source="post: 130612" data-attributes="member: 10692"><p><a href="http://www.ddinews.gov.in/" target="_blank">http://www.ddinews.gov.in/</a><strong>Leading bankers on Tuesday ruled out any rise in the interest rate regime in the second quarter despite the increased pressure on the rates following the Reserve Bank policy action. </strong></p><p> <span style="font-family: 'Verdana'">Admitting that the Reserve Bank decision to raise the short-term lending (repo) and borrowing (reverse repo) rates will increase pressure on interest rates, bankers said they will take a call on interest rates in October when they expect an uptick in credit demand.</span></p><p> </p><p> Reserve Bank Governor D Subbarao, however, told newsmen that lending and deposit rates will increase with the rising demand for credit.</p><p> </p><p> "No immediate impact on the interest rate. In Q2 interest rate won't go up by and large," State Bank Chairman OP Bhatt told reporters after the monetary policy.</p><p> </p><p> Increase in lending rates will be followed by hike in deposit rates, he said, adding, it is difficult to state for the banking industry as each bank would take a call depending on its asset liability position.</p><p> </p><p> Canara Bank Chairman and Managing Director AC Mahajan said, "I don't see interest rates are going up before October."</p><p> </p><p> Acknowledging that excess liquidity has disappeared from the system, ICICI Bank Chief Executive and Managing Director Chanda Kochhar said interest rates depend not only on policy measures but also on the liquidity situation. </p><p> </p><p> "We are already witnessing a rise in interest rates for wholesale deposits," she said, adding "in the immediate future, I don't see any (upward) move on interest rates but as we go forward we will definitely see something on that line."</p><p> </p><p> Echoing similar view, HDFC Bank Managing Director Aditya Puri said, "an upward bias on rates is definite. There will be an increase but I cannot give exact time-frame."</p><p> </p><p> Union Bank Chairman and Managing Director MV Nair said credit growth would definitely take place this quarter but the area of concern is liquidity situation and deposit growth is much below expectation. </p><p> </p><p> <strong>(SP-27/07)</strong></p><p> </p><p> </p><p> <strong><span style="font-family: 'Verdana'">RBI hikes short term rates to tame inflation</span></strong></p><p> </p><p> <span style="font-family: 'Verdana'">The Reserve Bank has raised its short-term lending and borrowing rates by 0.25 pc and 0.50 pc respectively to bring inflation to 6 pc by March 2011 from double digits now, but the move would put pressure on banks' interest rates.</span></p><p> </p><p> <span style="font-family: 'Verdana'">In its monetary review, the central bank, however, kept its cash reserve ratio (CRR), the cash which banks are required to keep with RBI, unchanged.</span></p><p> </p><p> <span style="font-family: 'Verdana'">The RBI raised upwards the inflation target from 5.5 percent to six percent and said that economy will grow by 8.5 percent, up from earlier projection of 8 percent, this fiscal.</span></p><p> </p><p> <span style="font-family: 'Verdana'">The increase in short-term lending rate (repo) to 5.75 percent and short-term borrowing rate (reverse repo) to 4.5 percent will be effective immediately.</span></p><p> </p><p> <span style="font-family: 'Verdana'">Earlier this month, RBI had hiked repo and reverse repo rates by 0.25 percent as inflation remained above 10 percent for the fifth month in succession. </span></p><p> </p><p> <span style="font-family: 'Verdana'">Prior to this, RBI had raised thrice its key rates, since January.</span></p><p> </p><p> <span style="font-family: 'Verdana'">"Inflationary pressures have exacerbated and become generalised with demand side pressures clearly visiblegiven the spread and persistence of inflation, demand-side inflationary pressures need to be contained," the RBI said. </span></p><p> </p><p> <span style="font-family: 'Verdana'">RBI's projection of a higher inflation than the earlier estimate could partly be attributed to the government's move of raising fuel prices.</span></p><p> </p><p> <span style="font-family: 'Verdana'">The central bank said there can be an up to one percent impact on WPI-inflation owing to fuel price hike.</span></p><p> </p><p> <span style="font-family: 'Verdana'">In June, the government raised petrol prices by Rs 3.5 a litre while decontrolling them and hiked diesel prices by Rs 2 a litre, LPG by Rs 35 a cylinder and kerosene by 3 a litre.</span></p><p> </p><p> <span style="font-family: 'Verdana'">The RBI said that the monetary policy stance would be aimed at containing inflation while it will be prepared to respond to any further build-up of inflationary pressures.</span></p><p> </p><p> <span style="font-family: 'Verdana'">Revising upwards the GDP target for this fiscal, the RBI said that indications are that the economy is steadily reverting to its pre-crisis growth trajectory.</span></p><p> </p><p> <span style="font-family: 'Verdana'">However, uncertainty over global recovery could have possible adverse consequences for India, the apex bank said.</span></p><p> </p><p> <span style="font-family: 'Verdana'">If the global recovery slows down, it will affect all emerging market economies, including India, through the usual exports, financing and confidence channels, the RBI said.</span></p><p> </p><p> <span style="font-family: 'Verdana'">A global slowdown also carries the significant risk of a potential slowdown in capital inflows, it said, adding that it may act as constraint to domestic investment.</span></p><p> </p><p> <span style="font-family: 'Verdana'">On liquidity pressures in the system due to payment for spectrum, the RBI said though current market conditions indicate that liquidity pressures will ease, the system is likely to remain in deficit mode "for now".</span></p><p> </p><p> <span style="font-family: 'Verdana'">In another significant move, the RBI said it will now undertake mid-quarter policy reviews, on the lines of major central banks abroad, "to take the surprise element out of the off-cycle actions."</span></p><p> </p><p> <span style="font-family: 'Verdana'">These reviews will be conducted at an interval of about one and a half months, after each quarterly review, the central bank said. <strong>(DD-27.7)</strong></span></p><p> </p><p> <strong><span style="color: forestgreen"><span style="font-family: 'Verdana'">RBI to have mid-quarter reviews in sync with economic changes</span></span></strong></p><p> </p><p> <span style="font-family: 'Verdana'">The Reserve Bank decided to come out with mid-quarter monetary reviews so that its swift monetary actions in sync with changing economic conditions do not have a surprise element.</span></p><p> <span style="font-family: 'Verdana'"></span></p><p><span style="font-family: 'Verdana'"> "The Reserve Bank will now undertake mid-quarter reviews roughly at the interval of about one and a half months after each quarterly review. By instituting these, it is our intention to take the surprise element out of the off cycle actions," RBI said in its monetary review released on Tuesday.</span></p><p> <span style="font-family: 'Verdana'"></span></p><p><span style="font-family: 'Verdana'"> As per schedule, mid-quarter reviews will be in June, September, December and March, RBI added.</span></p><p> <span style="font-family: 'Verdana'"></span></p><p><span style="font-family: 'Verdana'"> It further said that the first mid-quarter review of the monetary policy will be announced on 16th September, 2010, and the quarterly review on 2nd November, 2010.</span></p><p> <span style="font-family: 'Verdana'"></span></p><p><span style="font-family: 'Verdana'"> The mid-quarter reviews are intended to communicate the RBI's assessment of economic conditions more frequently.</span></p><p> <span style="font-family: 'Verdana'"></span></p><p><span style="font-family: 'Verdana'"> RBI's new move assumes importance since it has been changing its policy rates and other tools ahead of monetary policy or reviews, which are seen by many as unexpected.</span></p><p> <span style="font-family: 'Verdana'"></span></p><p><span style="font-family: 'Verdana'"> Earlier this month, RBI raised short-term lending and borrowing rates by 25 basis points even when it was to announce its monetary review on Tuesday. </span></p><p> </p><p> <span style="font-family: 'Verdana'">This has surprised many, which saw the move as unexpected though warranted to tame high inflation.</span></p><p> <span style="font-family: 'Verdana'"></span></p><p><span style="font-family: 'Verdana'"> Commenting on the RBI's move, Planning Commission Deputy Chairman Montek Singh Ahluwalia said, "Monetary policy is something unlike fiscal policy, which you do for a year. Monetary policy should be adjusted week by week, if necessary. I have never been in favour of fixed dates on which monetary policy changes. Elsewhere in the world, the monetary policy committee meets every two weeks."</span></p><p> </p><p> <span style="font-family: 'Verdana'">RBI further said it will have the flexibility, as always, to take swift ad pre-emptive policy action, as and when warranted by the evolving macroeconomic developments.</span></p><p> <span style="font-family: 'Verdana'"></span></p><p><span style="font-family: 'Verdana'"> Earlier, RBI used to have annual monetary policy and mid-term monetary policy. As economy became dynamic and globalised, RBI started coming out with annual policy and three quarterly reviews.</span></p><p> <span style="font-family: 'Verdana'"></span></p><p><span style="font-family: 'Verdana'"> Now, RBI will have more frequent reviews of its monetary policy. <strong>(NZ-27/07)</strong></span></p><p><a href="http://www.ddinews.gov.in/Business/Business+-+Top+Story/Former+Goa+minister+Pacheco+granted+bail.htm" target="_blank">http://www.ddinews.gov.in/Business/Business+-+Top+Story/Former+Goa+minister+Pacheco+granted+bail.htm</a></p><p></p><p>Rajneesh Madhok</p></blockquote><p></p>
[QUOTE="rajneesh madhok, post: 130612, member: 10692"] [URL="http://www.ddinews.gov.in/"][/URL][B]Leading bankers on Tuesday ruled out any rise in the interest rate regime in the second quarter despite the increased pressure on the rates following the Reserve Bank policy action. [/B] [FONT=Verdana]Admitting that the Reserve Bank decision to raise the short-term lending (repo) and borrowing (reverse repo) rates will increase pressure on interest rates, bankers said they will take a call on interest rates in October when they expect an uptick in credit demand.[/FONT] Reserve Bank Governor D Subbarao, however, told newsmen that lending and deposit rates will increase with the rising demand for credit. "No immediate impact on the interest rate. In Q2 interest rate won't go up by and large," State Bank Chairman OP Bhatt told reporters after the monetary policy. Increase in lending rates will be followed by hike in deposit rates, he said, adding, it is difficult to state for the banking industry as each bank would take a call depending on its asset liability position. Canara Bank Chairman and Managing Director AC Mahajan said, "I don't see interest rates are going up before October." Acknowledging that excess liquidity has disappeared from the system, ICICI Bank Chief Executive and Managing Director Chanda Kochhar said interest rates depend not only on policy measures but also on the liquidity situation. "We are already witnessing a rise in interest rates for wholesale deposits," she said, adding "in the immediate future, I don't see any (upward) move on interest rates but as we go forward we will definitely see something on that line." Echoing similar view, HDFC Bank Managing Director Aditya Puri said, "an upward bias on rates is definite. There will be an increase but I cannot give exact time-frame." Union Bank Chairman and Managing Director MV Nair said credit growth would definitely take place this quarter but the area of concern is liquidity situation and deposit growth is much below expectation. [B](SP-27/07)[/B] [B][FONT=Verdana]RBI hikes short term rates to tame inflation[/FONT][/B] [FONT=Verdana]The Reserve Bank has raised its short-term lending and borrowing rates by 0.25 pc and 0.50 pc respectively to bring inflation to 6 pc by March 2011 from double digits now, but the move would put pressure on banks' interest rates.[/FONT] [FONT=Verdana]In its monetary review, the central bank, however, kept its cash reserve ratio (CRR), the cash which banks are required to keep with RBI, unchanged.[/FONT] [FONT=Verdana]The RBI raised upwards the inflation target from 5.5 percent to six percent and said that economy will grow by 8.5 percent, up from earlier projection of 8 percent, this fiscal.[/FONT] [FONT=Verdana]The increase in short-term lending rate (repo) to 5.75 percent and short-term borrowing rate (reverse repo) to 4.5 percent will be effective immediately.[/FONT] [FONT=Verdana]Earlier this month, RBI had hiked repo and reverse repo rates by 0.25 percent as inflation remained above 10 percent for the fifth month in succession. [/FONT] [FONT=Verdana]Prior to this, RBI had raised thrice its key rates, since January.[/FONT] [FONT=Verdana]"Inflationary pressures have exacerbated and become generalised with demand side pressures clearly visiblegiven the spread and persistence of inflation, demand-side inflationary pressures need to be contained," the RBI said. [/FONT] [FONT=Verdana]RBI's projection of a higher inflation than the earlier estimate could partly be attributed to the government's move of raising fuel prices.[/FONT] [FONT=Verdana]The central bank said there can be an up to one percent impact on WPI-inflation owing to fuel price hike.[/FONT] [FONT=Verdana]In June, the government raised petrol prices by Rs 3.5 a litre while decontrolling them and hiked diesel prices by Rs 2 a litre, LPG by Rs 35 a cylinder and kerosene by 3 a litre.[/FONT] [FONT=Verdana]The RBI said that the monetary policy stance would be aimed at containing inflation while it will be prepared to respond to any further build-up of inflationary pressures.[/FONT] [FONT=Verdana]Revising upwards the GDP target for this fiscal, the RBI said that indications are that the economy is steadily reverting to its pre-crisis growth trajectory.[/FONT] [FONT=Verdana]However, uncertainty over global recovery could have possible adverse consequences for India, the apex bank said.[/FONT] [FONT=Verdana]If the global recovery slows down, it will affect all emerging market economies, including India, through the usual exports, financing and confidence channels, the RBI said.[/FONT] [FONT=Verdana]A global slowdown also carries the significant risk of a potential slowdown in capital inflows, it said, adding that it may act as constraint to domestic investment.[/FONT] [FONT=Verdana]On liquidity pressures in the system due to payment for spectrum, the RBI said though current market conditions indicate that liquidity pressures will ease, the system is likely to remain in deficit mode "for now".[/FONT] [FONT=Verdana]In another significant move, the RBI said it will now undertake mid-quarter policy reviews, on the lines of major central banks abroad, "to take the surprise element out of the off-cycle actions."[/FONT] [FONT=Verdana]These reviews will be conducted at an interval of about one and a half months, after each quarterly review, the central bank said. [B](DD-27.7)[/B][/FONT] [B][COLOR=forestgreen][FONT=Verdana]RBI to have mid-quarter reviews in sync with economic changes[/FONT][/COLOR][/B] [FONT=Verdana]The Reserve Bank decided to come out with mid-quarter monetary reviews so that its swift monetary actions in sync with changing economic conditions do not have a surprise element.[/FONT] [FONT=Verdana] "The Reserve Bank will now undertake mid-quarter reviews roughly at the interval of about one and a half months after each quarterly review. By instituting these, it is our intention to take the surprise element out of the off cycle actions," RBI said in its monetary review released on Tuesday.[/FONT] [FONT=Verdana] As per schedule, mid-quarter reviews will be in June, September, December and March, RBI added.[/FONT] [FONT=Verdana] It further said that the first mid-quarter review of the monetary policy will be announced on 16th September, 2010, and the quarterly review on 2nd November, 2010.[/FONT] [FONT=Verdana] The mid-quarter reviews are intended to communicate the RBI's assessment of economic conditions more frequently.[/FONT] [FONT=Verdana] RBI's new move assumes importance since it has been changing its policy rates and other tools ahead of monetary policy or reviews, which are seen by many as unexpected.[/FONT] [FONT=Verdana] Earlier this month, RBI raised short-term lending and borrowing rates by 25 basis points even when it was to announce its monetary review on Tuesday. [/FONT] [FONT=Verdana]This has surprised many, which saw the move as unexpected though warranted to tame high inflation.[/FONT] [FONT=Verdana] Commenting on the RBI's move, Planning Commission Deputy Chairman Montek Singh Ahluwalia said, "Monetary policy is something unlike fiscal policy, which you do for a year. Monetary policy should be adjusted week by week, if necessary. I have never been in favour of fixed dates on which monetary policy changes. Elsewhere in the world, the monetary policy committee meets every two weeks."[/FONT] [FONT=Verdana]RBI further said it will have the flexibility, as always, to take swift ad pre-emptive policy action, as and when warranted by the evolving macroeconomic developments.[/FONT] [FONT=Verdana] Earlier, RBI used to have annual monetary policy and mid-term monetary policy. As economy became dynamic and globalised, RBI started coming out with annual policy and three quarterly reviews.[/FONT] [FONT=Verdana] Now, RBI will have more frequent reviews of its monetary policy. [B](NZ-27/07)[/B][/FONT] [URL]http://www.ddinews.gov.in/Business/Business+-+Top+Story/Former+Goa+minister+Pacheco+granted+bail.htm[/URL] Rajneesh Madhok [/QUOTE]
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