Wind turbines Bane or Boon Essay Example

Wind turbines: Bane or Boon Essay A driving inspiration in the mission for the revelation is the truth that the conventional wellsprings of vitality, for example, petroleum products, coal and so forth, will in the end be depleted (Think Quest, 1998). The present utilization for wind turbine innovation is at an anticipated 20 percent commitment to the force needs of the United States (Randall Swisher, 2006). Likewise, wind turbine innovation doesn't produce any of the poisonous gases and ozone harming substances credited to the utilization of petroleum products (Ian Callis, 2006). In any case, as expressed prior, the utilization of wind innovation brings with it an assortment of disadvantages.Though wind power doesn't deliver the contamination that is related with the customary utilization of petroleum derivatives, the utilization of wind turbines can have crushing on the territories inhabitants living around the plant site (Think Quest, 1998). The bigger breeze turbines are furnished with long sharp edges, or the pur ported â€Å"egg-beater† type (Think Quest, 1998). These cutting edges can match 45 meters (148 feet), making the pivot breadth reach up to 300 feet, or 90 meters (Wolfe Island Residents for the Environment). These enormous cutting edges represent a risk to the flying creatures that cross the ways of the turbines, as the area of these turbines are in the immediate way of the transient courses of certain winged animals (Think Quest, 1998).This condition exists since the turbines need a high measure of wind for their productive activity (Think Quest, 1998). Like sun oriented force, wind turbine vitality activities are not unreasonably proficient (Walter Youngquist, 2000). For the ideal breeze vitality offices, the areas of these breeze cultivates for the most part are arranged in the territories where the air goes in the middle of the slopes (Youngquist, 2000). Additionally, the development period of the breeze ranch can end up being unfavorable to the untamed life in the terri tory (Jack Green (International) Pty Ltd, 2005).The worry over winged animal setbacks concern the case that these may be murdered or harmed when they interact with the cutting edges of the turbines (Jack Green, 2005). These additionally antagonistically sway on the relocation, reproducing and settling examples of avian untamed life, since these do influence the accessibility of characteristic territory and radiate commotions that are hurtful to the winged animals (Jack Green, 2005). With danger of these breeze turbines making more losses the avian untamed life, two United States Congressmen from West Virginia, Alan Mollohan and Nick Rahall, have mentioned the General Accounting Office to lead an investigation on the unfavorable impacts of the turbines on the state (James Taylor, 2004).Another concern is the upkeep expenses of these offices. When in doubt, the standard rate is that the measure of the framework being introduced, state $400 dollars, one percent of that sum must be save d for activity and support costs for the existence pattern of the framework (Mick Sagrillo, 2002).â So, on the off chance that the expense of establishment hurries to around $50,000, at that point the expenses for the year would add up to $500 (Sagrillo, 2002). The biggest measure of slowed down activity time for wind turbines has to do with gearbox harm (Gerald Munson).It is progressively apparent when one little bearing flops in the turbine. On the off chance that a course costing $ 1,500 breaks, this could bring about significant costs, similar to the requirement for a gearbox substitution costing about $100,000, $50,000 to rewind the generator, and paying $70,000 for a crane to get to the turbine itself (Munson). Just for one turbine and the expense heightens if the turbine is situated seaward (Munson). Tragically, the truth of the matter is that around 6 out of 10 turbines in the United States are behind upkeep plans (Renewable Energy Sources, 2008).The primary factor to cons ider in the development of a breeze office would be the untrustworthiness of a consistent gracefully of twist (Clean Energy Ideas, 2008). Under these conditions, sun powered or geothermal activities can be considered as another option (Clean, 2008). Likewise, a few nations have forced an expense on sustainable power source, making their costs higher than nations that have put resources into other increasingly customary elective types of vitality age (Nuclear Info, 2008). Thusly, the commitment impacts of wind as a feasible vitality elective is as yet viewed as negligible contrasted with that of oil (Youngquist, 2000).;

The Ethics of Living Jim Crow free essay sample

The reaction to any giving circumstance is rarely fitting, the decency for oneself and different negroes is totally destroyed and above all there is an arrangement of dread that is founded from white sources as well as from dark sources also which have been taught into the framework. Applicable to Richard Wright is the idea of dark manliness and the manner by which this manliness is mishandled, cannot and made confounded by whites all over. We notice int his little story the inference to the manner by which dark men were called young men yet needed to call white men sir. This is the ? rst manner by which manliness is can't. Second, the powerlessness of dark men to shield dark ladies from mishandled and taking an interest in the verbal corruption of their own females prompts a feeling of ineptitude and disgrace in dark men. This disgrace is just extended by female comprehension of the powerlessness of dark men to secure them, as we can see from the young ladies answer to Wrights inaction and even verbal assent when the young lady? s bottom is moved by a white men. ! We additionally notice in Wright? s stories the apprehensions of amalgamation which I believe are profoundly established in the long standing custom of dread of dark men? s sexual ability. The inference to the murdering of a dark men in view of his closeness with a white ladies signal 1 Richard Wright, â€Å"The Ethics of Living Jim Crow,† from Uncle Tom? Youngsters (New York: HarperCollins, 1993 [? rst distributed 1940] Elizabeth Chang, â€Å"Why Obama Should Not Have Checked Black,† Washington Post, April 29, 2010. Gotten to January 24 , http://www. washingtonpost. com/wp-dyn/content/article/2010/04/28/AR2010042804156. html profound issues and worries with between racial relations. Moreover the idea of the white ladies? s distance in any event, when that lady is a prostitute who strolls around exposed while within the sight of dark men, suggests the position of white ladies in a platform out of the compass of dark men in any shape or structure. This is set versus the acknowledged availability of the dark female body for all high contrast. Subsequently, of the manner by which dark ladies? s bodies have been treated as a wellspring of amusement and savage delights, dark ladies are assaulted without regret and contacted voluntarily. Correspondingly men are manhandled freely from multiple points of view which are similarly awful yet additionally established in the supposed uselessness of dark individuals. This uselessness is additionally obvious through the straightforwardness with which negroes are taken steps to be slaughtered or beaten. Subjection, Race, and Ideology in the United States of America2 ! This article presents a wide range of models that I ? nd especially valuable for our conversation. The ? rst, the decision of the preeminent court to pass judgment on segregation based on racial qualification features the insufficiency of american guidelines (the incomparable court being an agent) to pass judgment on moral inquiries. Rather than concentrating on the establishments of profound quality the court picks race which has all through american history become a significant build for judgment. The usage of this social build is dangerous and especially beguiling. The examined wonders of collection all activities performed by blacks into the classification of â€Å"black actions† as a group, additionally calls attention to a significant strain in american culture. This has consistently been a significant issue and keeps on being today as we hear negative analysis of Precious on the grounds that it depicts African-American families as useless instead of the manner by which we see a white ? lm and comprehend that it is one white family or gathering of people, instead of the portrayal of the â€Å"White† race. ! This article likewise works superbly at noticing the in-oppressive manner by which ruelty has frequently work in this manner entangling the discussion and setting out to pose the inquiry of to what degree these practices were human pitilessness and malice by and large. Whites had subjugated whites and blacks had oppressed blacks, truly non-subjugation was a special case instead of a standard. ! *Note: as a side point one can see that the uni? cation of blacks and whites along lines of class was one that excite in the upper white class a dread which prompted the longing of isolating these gatherings to debilitate their quality. Why Obama Should Not Have Checked Black Responses3 ! In light of this article I should state that I unequivocally can't help contradicting the view that he ought not have checked dark. I accept that Obama even as the pioneer of the United States of America has the God-Given option to distinguish himself as he picks. The reality 3 Elizabeth Chang, â€Å"Why Obama Should Not Have Checked Black,† Washington Post, April 29, 2010. Gotten to January 24 , http://www. washingtonpost. com/wp-dyn/content/article/2010/04/28/AR2010042804156. html cap he checked the black box doesn't in any capacity infer that he needs to deny his white character. Truly in various events he has made full case to the lavishness of his individual because of his bi-raciality. Simultaneously in any case, he may feel all the more intently and unpreventably identi? ed with the dark side of his personality since it is genuinely unpreventable. It isn't that he is permitting society to administer what his character is, however a greater amount of the mental procedures included when he looks at a mirror and sees a dark face. In particular it is an acknowledgment of his connections to his Black parentage, an acknowledgment of the specific battles that he faces as a dark men and the manner by which he may feel all the more firmly identified with one network in light of the manner by which cultural weights, (for example, bigotry for the shade of his skin paying little mind to his whiteness) may have pushed him more like one network as opposed to the next. ! Moreover, and this I do remember, probably the greatest intrigue of the Obama battle was definitely the way that for the ? rst time a BLACK man had the chance of being in the White House. The battle didn't concentrate on how a bi-racial man would make it there. Along these lines in checking some other decision there may have been numerous individuals who may have felt disturbed. Additionally, checking the bi-racial classification could bring to the front line fears of amalgamation that despite everything exist in America today. By Muting these feelings of dread with checking the Black box, Obama stayed away from a lot of well known decay. ! To wrap things up, the message about race isn't something that the demonstration of one amazing individual decides. Her little girls don't need to settle on the decision that Obama made, why not? Since it is exactly that, a decision.

Computer Crime Essays - Hacker, Phreaking, Hacking, Cybercrime

PC Crime Essays - Hacker, Phreaking, Hacking, Cybercrime PC Crime It's the end of the week, you don't have anything to do so you choose to mess about on your PC. You turn it on and afterward fire up, you begin calling individuals with your modem, associating with a different universe, with individuals simply like you at a catch press away. This is all fine be that as it may, what happens when you begin getting into different people groups PC documents. At that point it turns into a wrongdoing, however what is a PC wrongdoing truly, clearly it includes the utilization of a PC yet what are these wrongdoings. Well they are: Hacking, Phreaking, and Software Piracy. To start I will begin with Hacking, what is hacking. Hacking is fundamentally utilizing your PC to Hack your way into another. They use programs called scanners which arbitrarily dials numbers any creating tones or transporters are recorded. These numbers are looked at by programmers and afterward utilized once more, when the programmer calls up the number what's more, jumps on he's given a logon brief, this is the place the hacking truly starts, the programmer attempts to sidestep this in any case he knows step by step instructions to and attempts to access the framework. For what reason do they do it, well gives up to a book and see Devoted youthful PC programmers in their preteens and youngsters are as often as possible associated with PC wrongdoings that appear as intruding, intrusion of security, or vandalism. Frequently they are mearly out for a pointless fooling around night, and they get snared in the unlawful utilization of their machines without figuring it out the full import of what they are doing , I make some hard memories accepting that so lets see what a programmer needs to state about what he does Just as they were enthraled with their quest for data, so are we. The excitement of the hack isn't in overstepping the law, it's in the interest what's more, catch of information. , as should be obvious the programmer doesn't go out to do wreck things albeit some do. It's in the quest for information. Obviously this is still illegal. Be that as it may, where did all of this beginning, MIT is the place hacking began the individuals there would learn and investigate PC frameworks all around the globe. In the perspectives of expert hacking resembles drugs or some other addictive subezce, it's an enslavement for the brain and once began it's hard to stop. This could be valid, as programmers recognize what they are doing isn't right and they realize chances are they will be gotten. Be that as it may, as I referenced a few programmers are simply better than expected crooks, utilizing there aptitudes to break in banks and different spots where they can get cash, or where they can annihilate data. What a programmer does at a bank is take a couple of pennies or even a couple of portions of a pennies from numerous various records this may appear as though only when totally incorporated can be alot. A stick up burglar midpoints about $8,000 each work, and he needs to risk his life and individual flexibility to do it while the PC programmer in the solace of his own lounge midpoints $500,000 an occupation. With respect to individuals decimating data, this is for bringing somebody down, demolition of information could end a business which for some is exceptionally alluring. It can cost an organization a large number of dollars to reestablish the harm done. Since you have an underezding of what a programmer is, it time to proceed onward to somebody intently connects with a programmer. This is a Phreak, however what is that. For the appropriate response we go to the what is known as the Official Phreakers Manual Phreak [fr'eek] 1. The activity of utilizing evil and for the most part illicit courses in request to not pay for a type of media communications bill, request, move, or other help. It regularly includes utilization of exceptionally unlawful boxes and machines so as to overcome the security that is set up to maintain a strategic distance from this kind of occurring. [fr'eaking] v. 2. An individual who utilizes the above techniques for demolition and disarray so as to improve a life for all. A genuine phreaker won't conflict with his colleagues or narc on individuals who have teased him or do anything named to be

Eutectic Definition and Examples

Eutectic Definition and Examples An eutectic framework is a homogeneous, strong blend of at least two substances that structure a super-grid; the blend either liquefies or cements at a lower temperature than the dissolving purpose of any of the individual substances. The expression most usually alludes to a blend of combinations. An eutectic framework possibly shapes when there is a particular proportion between the segments. The word originates from the Greek words eu, which means great or well and tecsis, which means softening. Instances of Eutectic Systems A few instances of eutectic frameworks or eutectoids exist, in metallurgy and in different fields. These blends commonly have valuable properties that are not controlled by any single constituent substance: Sodium chloride and water structure an eutectoid when the blend is 23.3% salt by mass with an eutectic point at - 21.2 degrees Celsius. The framework is utilized to make dessert and to liquefy ice and snow.The eutectic purpose of the blend of ethanol and water is almost unadulterated ethanol. The worth methods there is a greatest proof or virtue of liquor that can be gotten utilizing distillation.Eutectic combinations are regularly utilized for binding. An average sythesis is 63% tin and 37% lead by mass.Eutectoid smooth metals show outrageous consumption obstruction and strength.Inkjet printer ink is an eutectic blend, allowing printing at a moderately low temperature.Galinstan is a fluid metal combination (made out of gallium, indium, and tin) utilized as a low-poisonousness swap for mercury. Related Terms Ideas and terms identified with eutectic frameworks include: Eutectoid: Eutectoid alludes to a homogeneous strong blend that structures from cooling at least two dissolved metals to a certain temperature.Eutectic Temperature or Eutectic Point: The eutectic temperature is the most reduced conceivable liquefying temperature for the entirety of the blending proportions of the part substances in an eutectoid. At this temperature, the super-grid will discharge the entirety of its parts and the eutectic framework will liquefy into a fluid in general. Balance this with a non-eutectic blend, in which every segment will cement into a cross section at its own particular temperature until the entire material in the long run becomes solid.Eutectic Alloy: An eutectic composite is a compound framed from at least two segments that shows eutectic conduct. An eutectic amalgam liquefies at an unmistakable temperature. Not all double amalgams structure eutectic compounds. For instance, gold-silver doesn't frame an eutectoid, as the valence electrons are not good with super-cross section formation.Eutectic Percentage Ratio: This is characterized as the overall piece of the parts of an eutectic blend. The sythesis, especially for parallel blends, is regularly appeared on a stage graph. Hypoeutectic and Hypereutectic: These terms apply to sytheses that could shape an eutectoid, yet don't have the suitable proportion of part substances. A hypoeutectic framework has a littler level of ÃŽ ² and a more noteworthy level of ÃŽ ± than an eutectic structure, while a hypereutectic framework has a more prominent level of ÃŽ ± and a lower level of ÃŽ ² than an eutectic sythesis.

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Breaking Gender Expectations in Millay’s “I, being born a woman” - Literature Essay Samples

In the poem â€Å"I, being born a woman†, Edna St. Vincent Millay focuses on the idea that women can exist outside of what men make them to be, including the idea that they are ruled by their impulses. She uses the poem to show that women can not only exist and survive without the support of men, but rather they can thrive in their own lives outside of the cultural mores. The poem has a matter of fact tone that may be perceived as sharp or condescending toward the way women are seen and also makes a mockery of the cultural perception of women. â€Å"I, being born a woman† is arguably challenging the expectations of women. In the article, â€Å"‘Being Born A Woman’: A New Look At Edna St. Vincent Millay†, Klemans claims that the poem is â€Å"feminist.† The final couplet I find this frenzy insufficient reason / For conversation when we meet again (Millay) explores a lack of willingness to conform to the idea of how women should have acted. Instead of talking when the two lovers meet again, the woman plans on simply ignoring the man as if their encounter meant nothing to her. The man that is being addressed in this poem can expect no pleasantries from the speaker. Instead their encounter was purely sexual, and nothing more, no emotions attached. These lines and their accompanying explanation show that women do not need men the way men think they do, and women are not as unstable and needy as they perceived. Instead, women can function as sexual beings without having all of their actions bein g ruled by their impulses, thus illustrating the â€Å"feminist philosophy† (Klemans) through the idea that women do not need men and their approval, but rather they are equals and can function the same as men. Since the speaker of the poem is a woman as well, the final couplet shows that she is taking control of the relationship and that she is the one deciding that talking is not merited by their past actions. The control this woman has in the relationship also furthers the idea that this poem is ultimately feminist because it reserves the right of deciding the future of the relationship for the woman. Additionally, the speaker’s curt words in the final couplet support the idea that the tone is sharp and looks down upon the culture’s idea of what women should be and how they should act and react. Hubbard also addresses the sexual component in her article â€Å"on ‘I Being Born a Woman’† through the idea that the woman â€Å"only submits to herself† and therefore is never controlled by a man and is instead ruled only by herself and her own desires. The lines â€Å"the poor treason / Of my stout blood against my staggering brain (Millay) support the idea that the woman plays â€Å"both winner and loser† (Hubbard). The speaker must betray herself, thus losing, and succumb to her fleshly desires no matter what her brain is telling her in order to win by defying and showing the man that she has control and he is essentially powerless in the situation. He cannot argue her decision since he is not written into the poem, thus rendering him s ilent. However, arguably, since the speaker never falls under the control of a man, the woman always wins in the end and never truly plays the part of the loser, because the speaker can only lose if she succumbs to her feelings and relies on the man for approval and her emotional stability. This argument supports the thesis because it shows that while men expect women to submit to their authority, women are actually the ones holding the control over man and using it for themselves. The woman is able to walk away in the end leaving the man behind, showing that a woman may exist and thrive outside of man’s mold for her. Not only does Hubbard argue that the poem is fundamentally about women taking control, but Dr. Ghani draws influence from Hubbard in her paper, â€Å"Feminine Revolt and Self-Expression: A Study of Selected Poems By Edna St. Vincent Millay† because she also believes that the speaker in the poem does not rely on â€Å"sexual coyness.† Ghani claims that the speaker does not associate sexual appeal with â€Å"youth and beauty† but rather quotes Hubbard in stating that the bodys ruin as its badge of sexual authority†¦Ã¢â‚¬  This line illustrates that both authors believe that the sexual freedom that Millay wrote into her poems and gave to her female speaker was what gave the speaker authority. It had nothing to do with their age or appearance, but rather their rights to decide upon their own actions. The woman in â€Å"I being born a woman† plays not only the â€Å"distressed† mistress but also the â€Å"frenzied† and the â€Å"urged and u ndone† (Millay). Therefore the woman takes on numerous roles, supporting Hubbard’s idea that the woman is both the winner and the loser. The speaker is â€Å"distressed† and â€Å"urged and undone† showing how the lack of physical contact has left her. However, the use of the word â€Å"frenzied† illustrates that she also has control over her partner despite being out of control herself. The final couplet then shows the speaker regaining control of herself once again after she is no longer â€Å"distressed† thus showing that while she did allow herself to submit to her own desires, in the end she overcame and took control of the situation. The speaker’s triumph shows that despite the woman momentarily proving the man’s predisposed ideas about her, she quickly overcame them and proved him wrong in the end. This provides an essence of trickery and mockery towards the cultural ideals of the time. All of these authors and their explanations and analyses of â€Å"I, being born a woman† support the ideas in the thesis that women are able to exist and be outside of man’s and the culture’s constructed views of them. The poem not only becomes condescending towards the views of the culture, specifically in the final couplet, but also creates a sense of mockery of the expectations of women. The speaker ultimately gets the last laugh in the poem and gets away with using the man for her own gratification. Arguably, Millay’s representation of oppression is still valid in some senses. Despite being one of the most developed countries, the United States still lacks gender equality; women are expected to conduct themselves in specific ways and are often shamed for their desires or experiences. Ultimately, it will take generations with the aspiration to eradicate gender inequality for it to truly happen.

US Financial Crisis and its Impact on Indian Banks - Free Essay Example

Sample details Pages: 4 Words: 1080 Downloads: 10 Date added: 2017/06/26 Category Finance Essay Type Analytical essay Did you like this example? Introduction: The 2008 financial crisis was triggered by a dramatic rise in mortgage delinquencies and foreclosures in the US, which had adverse impact on banks and financial markets around the globe. But, Indian banks unlike other developed countries and emerging markets were not seriously affected. It is not surprising as Indian banks have very few branches overseas. Don’t waste time! Our writers will create an original "US Financial Crisis and its Impact on Indian Banks" essay for you Create order Also, they had virtually no direct exposure to European or US mortgage market, and their exposure to complex derivative instruments whose value fell dramatically during crisis was miniscule. Some Indian Banks which have foreign exposure suffered a bit. Notably, ICICI bank faced significant loss of 375 crores as its London subsidiary had exposure of 57 million euro (375 crores) in Lehman Brothers, which had filed for bankruptcy in US  [1]  . As Indian Economy is now a relatively open economy, there were indirect impacts due to the crisis, especially on GDP growth, exports, exchange rates etc. India which had capital inflows of more than $100 billion during 2007-08, saw a net increase in capital inflows of $10 billion. During this time, it was also difficult for Indian companies to raise money from foreign markets. Exchange rate rose dramatically during this time as compared to previous years hitting liquidity and importers badly at same time. A snapshot of historical exchange r ate is provided below. Exchange Rate INR vs USD Indian Banks Performance: BSE SENSEX vs BSE BANKEX  [2] Historically, Indian banks have been well regulated and capitalized and they have also performed well financially. A comparative performance of BSE sensex and BSE bankex has been shown in the above plot. It clearly shows how Indian banks were hit during 2008 crisis, and how they performed post crisis. Though underperforming during the crisis, Indian banks have done fairly well post crisis. RBI Policies and Liquidity Condition: Repo, Reverse Repo and Mibor rates vs Time  [3] 2008 US financial crisis has shown liquidity risk can rise multifold during adverse conditions. In the Indian Financial System context, we can see during the crisis how dramatically Mibor rates had shoot up. In these conditions, it becomes very difficult for financial institutions to borrow money from market to meet their liquidity requirements. Reserve Bank of India (RBI) has already put in various ways to mitigate the liquidity risk at short term, systematic level and institution level. Some of the methods include limit of borrowing and lending in the inter-bank call money market, limit on inter-bank liabilities, monitoring of credit deposit ratio of each bank. RBI has also given guidelines on Asset Liability Management (ALM) for banks, and SPVs. RBI has so far not allowed some complex instruments, which are operating in foreign markets. Before the crisis many banks were accusing RBI of its tightening monetary policies (a s can be seen from increasing CRR below). But, later they were appraising RBI for taking prudential policies even before the crisis, and during crisis. The Chairman of HDFC, Deepak Parekh quoted He saved us of Dr. Y.V. Reddy (RBI Governor during the crisis). Nobel Laureate Joseph E. Stiglitz commented if America had a central bank chief like Y. V. Reddy, the US economy would not have been in such a mess. CRR Ratio vs Time  [4] Policy Response: Though, RBI had already taken various steps observing global financial system, it took an active role in protecting Indian banks in terms of providing support for liquidity through various mechanisms. Support from government thorough fiscal policies helped Indian banks and economy to recover faster as compared to other economies in the world. Monetary Policy Response: RBI advised banks to report their exposure to Lehman Brothers and related entities, as soon as Lehman Brothers filed for bankruptcy under chapter 11. During that time of 77 reporting banks, 14 banks reported their exposure to Lehman Brother and its related entities including India and abroad. In the aftermath of the turmoil caused by bankruptcy of Lehman Brothers, RBI announced a series of measures to facilitate financial stability and orderly operations of financial markets, which predominantly included providing additional liquidity support options to banks. RBI was able to manage the situation with appropriate u se of a range of mechanisms available to manage the liquidity in the economy such as Cash Reserve Ratio, Statutory Liquidity Ratio, Liquidity Adjustment Facility and Open Market Operations including Market Stabilization Scheme. As seen from the plot of Repo, Reverse repo and Mibor rates with time, 2007 had seen a large capital inflow, leading to excessive liquidity, which was absorbed by RBI through mechanism such as LAF, MSS and CRR. But during crisis, RBI started loosening the tighter monetary policy to provide additional liquidity in the system. In the first phase the cash reserve ratio (CRR) was cut down from 9% to 5.5% (sharpest reduction ever in CRR). The CRR reduction released Rs 1,50,000 cores of primary liquidity in less than a month to the liquidity stressed economy. Statutory liquidity ratio (SLR) was reduced from 25% to 24%. Also RBI allowed a temporary relaxation in SLR to the extent of 1.5%. This facility was granted to enable banks to borrow the RS 60,000 crores of additional liquidity to lending to mutual funds. RBI also cut repo rate from 9% to 4.75%, reverse repo from 6% to 3.25%. Other steps included, increase in the interest rate ceiling on NRI and FCNR bank deposits to attract deposits, providing export credit refinance and reducing provisioning norms on housing loans, real estate loans, personal loans etc. Fiscal Policy Response: Finance minister P. Chidambaram announced that RBI would provide temporary liquidity support of 250 thousand crores to commercial bank and NABARD, against the first debt. The government has decided that the limit of foreign investment (FII) in corporate bond would be raised from $3billion to $6 billion. SEBI also played a celebrated role in managing the flow of money from abroad. The promoters were now allowed to increase their holding in their company up to 75% through creeping acquisition route Earlier restriction prohibited them from acquiring more than 55% companys equity. Recommendations: Several lessons could be learned from the US financial crisis, which could help us to avert any similar future crisis. Especially for Indian Banking System, which was luckily not so entangled with the US or Europe financial system, various guidelines and policies could be recommended. Capital requirements for complex structured products, whose risk assessment is difficult, could be increased from current prevailing norms. Soundly managing, reporting of off-balance sheet items. Capital requirement treatment for off-balance sheet items could be strengthened. Helping banks to oversight the firm level and market level risks arising in future. Discourage the use of complex structured products, which are risky in nature, for banks.