Weights by Class M1 M2 M3 Leading Weights Manufacturer Company

Since coking coal / coke is scarce and costly, PCI is considered very relevant to minimize total coking coal consumption as well as cost of production. It is expressed in Kgs of non-coking coal consumed per tonne of Hot Metal produced in the Blast Furnace (Kg/THM). It provides the required permeability for movement of gases through the bed of iron ore, coke and limestone inside the blast furnace.

The RBI report after demonetisation had mentioned that 99.3% of all demonetised currency returned to the banking system. It is a major liability component of a central bank’s balance sheet. Currently, the cubic meter unit is used to estimate the capacity or volume. Also, the cubic meter is a unit used internationally for a broad range of purposes. The recent increase reflects higher cash withdrawals by depositors to meet needs during the lockdown period and also to safeguard themselves against salary cuts or job losses.

Steel waste/scrap not usable as such in its existing form which is further re-melted to produce liquid steel to produce various products. Depending on their form/type, they are classified as Heavy Melting Scrap, Light Melting Scrap, Turnings/borings etc. Coke is the residual solid product obtained upon carbonisation of coking coal. Depending upon property, coke is known m3 meaning as Hard Coke, Soft Coke and Metallurgical Coke. Another important consideration in selecting a coal blend is that it should not exert a high coke oven wall pressure and should contract sufficiently to allow the cake/coke to be pushed out from the oven. Based on coking property, coals are broadly classified into two categories namely, Coking Coal and Non-coking Coal.

m3 meaning

Money can, therefore, be defined for policy purposes as the set of liquid financial assets, the variation in the stock of which could impact on aggregate economic activity. As a statistical concept, money could include certain liquid liabilities of a particular set of financial intermediaries or other issuers. Thus, like other countries, a range of monetary and liquidity measures are compiled in India. At present monetary aggregates are compiled based on the data from the scheduled commercial banks, cooperative banks, urban cooperative banks and the post offices. The coverage of co-operative banks has increased over time (Table 1.2). As regards co-operative banks, data up to February 1970 include State cooperative banks, while the data from March 1970 onwards are inclusive of central co-operative banks and primary co-operative banks.

Money Supply – In layman’s terms

Cold Rolled Non-Grain Oriented Silicon-electrical steel sheets/strips, normally recommended for use in rotating machines such as electric motors. Cold Rolled/ galvanised steel sheets/strips coated with PVC/ plastics or any other organic material. Used for manufacture of furniture, auto bodies, roofing, paneling etc. Hot rolled Rail Sections obtained upon hot rolling of Blooms/Billets. Iron making is the process of Reduction of iron ore using the relevant reducing agent .

The value of 1 liter is equivalent to approximately 0.001 cubic meter. The liter is generally used to measure liquids, beverages, and water capacity or volume. The circulating money involves the currency, printed notes, money in the deposit accounts and in the form of other liquid assets. The total stock of money in circulation among the public at a particular point of time is called money supply. Currency in circulation, which measures money with the public and in banks, has also surged.

  • Monetary aggregates are the measures of the money supply in a country.
  • There is no unique definition of ‘money’, either as a concept in economic theory or as measured in practice.
  • Steel waste/scrap not usable as such in its existing form which is further re-melted to produce liquid steel to produce various products.
  • When a currency note of a particular denomination ceases to be legal tender, the central bank’s liabilities are reduced to that extent and also the amount of currency in circulation declines.
  • Also, the cubic meter is a unit used internationally for a broad range of purposes.

The gains it makes in the process could have been transferred to its reserves and then appropriated in its profit and loss account. This would have given it leeway to transfer higher amounts as dividends to the government. Even though the money https://1investing.in/ supply can be denoted either as M1 or M3, usually when we speak of money supply, we intend M3. M3 includes Currency in Circulation and Checkable Bank’s Deposits. The money supply is the total stock of money circulating in an economy.

What is Money Supply? Definition and Concept Explained

Converting cubic meters to liters is an easy process, but you first need to understand the basic values of both units in the conversion. As you know, the unit of 1 cubic meter in a liter is 1000, so simply multiply the value in cubic meters by 1000 to get the appropriate converted figures. Currency with the public is arrived at after deducting cash with banks from total currency in circulation. The word ‘net’ implies that only deposits of the public held by the banks are to be included in money supply. Long steel products obtained normally by hot rolling/forging of billets/ blooms. They include Rounds, Flats , Squares, Hexagons, Octagons etc. which find direct use in a wide variety of products in Engineering & Agricultural, House hold, Furniture sector etc. with/without further processing.

m3 meaning

L1 – NM3 + All deposits with the post office savings banks . The method used to determine the cubic meters to liters formula is quite a simple form of calculation. The only thing you are required to determine is their mathematical expression theory. For this, you need to know the values of cubic meters and liters.

Cubic Meters to Liters (m3 to l) Conversion, 1 m3 is 1000 l

In modern thin slab casting machine, liquid steel is continuously cast into much thinner slabs of 35-50mm directly which are used for production of Finished Hot Rolled Flat products upon heating on-line. Pure iron has melting point of 1530 Degree Centigrade and density of 7.86 gm/cc. The evolution of methodology of compilation of monetary aggregates in India has been encapsulated in the table appended below (Table 1.2). The table below provides an overview of all the measures of the money supply. It is similar to currency and coins in possession of the public since people readily accept it as a means of payment.

‘Bank credit to commercial sector’ include RBI’s and other bank’s credit to commercial sector. Other banks’ credit to commercial sector includes banks’ loans and advances to the commercial sector (including scheduled commercial banks’ food credit) and banks’ investments in “other approved” securities. In the money supply statistics, central bank money is M0 while the commercial bank money is divided up into the M1 and M3 components. M2 and M4 components also include Post-Office deposits as well. Net foreign exchange assets of the banking sector comprise the RBI’s net foreign exchange assets and the net foreign currency assets of the banking system. Net non-monetary liabilities of the Reserve Bank’ are liabilities which do not have any monetary impact.

Money also adds to the efficiency of an economy by enabling smooth financial transactions. Thus, determining the flow of money in the economy is crucial for boosting macroeconomic performance. This means that the money the public hold in hand or in the bank is a debt guaranteed by the government .

m3 meaning

However, some specific varieties of natural coal find direct application in other metallurgical operations (such as Corex Plant, Coal Dust Injection/Pulverised Coal Injection in Blast Furnace etc.). Iron ore is typically classified as High grade (+65% Fe), Medium grade (+ % Fe) and Low grade (-62% Fe). In terms of uses, steels are often classified as Structural steels, Construction steel, Deep Drawing Steel, Forging quality, Rail steel and the like. These are CR Sheets/ Strips coated with an alloy comprising of approx.

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Subject to the provisions of sub-section , every banknote shall be legal tender at any place in India in payment or on account for the amount expressed therein and shall be guaranteed by the Central Government. If there was a lot of black money in the country, and people choose not to declare and surrender their high-denomination currency notes, then RBI would have gained to the extent that its currency liabilities are lowered. Terms like Narrow Money and Broad Money are also used to denote money supply. For different calculations, different components are included as ‘money’. A trusted mentor and pioneer in online training, Alex’s guidance, strategies, study-materials, and mock-exams have helped many aspirants to become IAS, IPS, and IFS officers. L3 – L2 + + Public deposits of non-banking financial companies.

Steam coal used for steam/power generation falls under the broad group of Non-coking coal. It is a term coined by producers like NMDC to designate sized iron ore used directly in Sponge Iron production. According to International Iron & Steel Institute , for statistical purpose, crude steel also includes liquid steel which goes into production of steel castings. The term is internationally used to mean the 1st solid steel product upon solidification of liquid steel. Finished steel flat products are produced from slabs/thin slabs in rolling mills using flat rolls. These are supplied in Hot Rolled , Cold Rolled or in Coated condition depending upon the requirement.

Increase in Money Supply

Such batteries are normally attached with By-product plant where in valuable constituents are recovered from the volatile /gaseous content of coal driven out during carbonisation. Accordingly, such coke ovens are known as By-product coke oven battery vis-a-vis Non-recovery type coke ovens, also known as Bee-hive type coke ovens. Ash has highly adverse effect on the productivity of BF and on consumption of coke in the BF. An increase in ash content by 1% over a critical limit results in increase in coke consumption by about 45% and decrease in BF productivity about 3-6%. Cold Rolled Grain Oriented Silicon-electrical steel sheets/strips, normally recommended for use in transformers and generators. These are Cold Rolled Sheets/Strips coated with zinc metal.

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