Vocabulary series 1

Clamour (noun) – protest, complaint, outcry/commotion. Condign (adjective) – well deserved, merited, warranted/justified. Debt security (noun) – a debt/financial instrument that is negotiable/trad-ablez; tradable liability/loan. Deepen (verb) – increase, grow, strengthen. Dilemma (noun) – difficulty, problem, quandary/predicament. Discrepancy (noun) –  mismatch, dissimilarity/difference, variation/deviation. Elapse (verb) – pass, go by, roll past. Gallows (noun) – execution…

National Housing Bank

The Government of India identified that non-availability of long term finance to individual household and the housing institutions on a significant scale as a major lacuna impeding progress of housing sector in our country. Therefore a Sub-Group on Housing Finance was constituted for the Seventh Five Year Plan (1985-90) to study the aspect and submit…