UPSC Prelims Mains Notes

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✅Open Market Operations(OMOs) OMOs is one of the quantitative monetary policy tools which is employed by the central bank of a country to control the money supply in the economy. It is a part of the Market Stabilization Scheme (MSS) by the RBI. OMOs are conducted by the RBI by way of sale or purchase of government securities (g-secs) to adjust money supply conditions. The central bank sells g-secs to remove liquidity from the system and buys back g-secs to infuse liquidity into the system.

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📌Major Ports on Eastern Coast 1) Tutocorin (Tamil Nadu) - artificial port located in Gulf of Mannar, all-weather port, trades in fertilizers and petrochemical products 2) Chennai (Tamil Nadu) - artificial port, India's second busiest port 3) Ennore (Tamil Nadu) - India's first corporatised port 4) Vishakhapatnam (Andhra Pradesh) - deepest port of India, deals with the export of iron ore to Japan, with ship-building and fixing facilities 5) Paradip (Odisha) - natural harbour, deals with the export of Iron and Aluminum 6) Haldia (West Bengal) - riverine port, situated on Hugli River, known as Diamond Harbour, formed to relieve pressure on Kolkata port 7) Kolkata (West Bengal) - riverine port, oldest operating port in India, constructed by British East India Company, trades in jute, tea, coal and steel Join @UPSC_Prelims_Mains_Notes

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