In this direction, the following developments have taken place. Administrative Reforms Commission The Central government appointed a six-member Administrative Reforms Commission (ARC) in 1966 under the chairmanship of Morarji Desai (followed by K Hanumanthayya) The important recommendations regarding Centre-state relations are: 1. Establishment of an Inter-state Council under Article
Since all the banking functions are carried on with the aim of making profit, it is regarded as a commercial institution. • Nature of Agent: Besides the basic functions of accepting deposits and lending money as loans, banks possess the character of an agent because of its various agency services. 3.2 CLASSIFICATION OF BANKS Today is the age of specialization and we can find specialization in all fields including banking. The banks have specialized in a particular line of finance. Banks are generally
Mayhew by his view congress members are termed as the “single-minded reelection seekers”, these members are driven by reelection idea and reelection should be reached for any other goal to be achieved. These members revolves on reelection even in their office and the congress has become somewhere were instead of serving people it has become the place to look for a political career. For the Senator and House members to concentrate in their offices they have taken part in these activities which acts
a. Functions of Public Character: The Political Parties are the most important part of any democratic country. The Political Parties mobilize public opinion around their ideologies and contests elections to form a government. Generally an ordinary citizen does not have direct access to the government he can be reached only by his elected representative. Thus it is righty said that government represents will of people. It will, therefore, not be an exaggeration to say that no Political Party, no
The East Asian economic and financial crisis of 1997/1998 generated a significant amount of analysis and debate, particularly about macroeconomic issues in the region. It also increased awareness about issues concerning the role and functions of regulators and the need for improved disclosure and good corporate governance. Meanwhile there were many public listed companies adopted relatively high-levels of corporate abuse and in some cases breakdown, attributable in part of effective corporate governance
Forward market commission Forward Markets Commission (FMC) headquartered at Mumbai, is a regulatory authority which is overseen by the Ministry of Finance and Department of Economic Affairs, Govt. of India. It is a statutory body set up in 1953 under the Forward Contracts (Regulation) Act, 1952. The Forward Markets Commission is a regulatory body for commodity markets in India. Inherent objective is to achieve price stability by means of price discovery and risk management. The Commission also collects
The European commission has set target for Botswana beef control to promote long term sustainability for the supply of beef and its products. This commission gives advises to Botswana meat industry of the country. BMC at national level is at risk as the ruling party for the nation is in power for shoot fixed term as they follow their
Accounting Standards Board) as, “Independent, US body responsible for establishing and interpreting the GAAP mainly for use in the United States. Its accounting standards, generally speaking, result in greater transparency and ease of analysis of a firm's finances than the accounting standards of several other countries. The comparable UK body is Accounting Standards Board (ASB).” Moreover, the major principle of the formation of the FASB is to establish recording guidelines for financial transactions and
Sector Specific Company Analysis Power is said to be the core industry as it facilitates growth to various sectors such as agriculture, manufacturing, residential, railways, and infrastructure developments. The Indian economic growth is correlated with the progress of Power industries as the ever growing demand of population for electricity demand is peaking. With the growth of power sector it is predicted that 12th Five year plan requires Rs. 13, 72,580 crores of funds for generation, distribution
of the Majalla in Islamic Finance in Malaysia: A Preliminary Study Farid Sufian Shuaib, Prof. Dr. & Tajul Aris Ahmad Bustami, Asst. Prof. Dr. Faculty of Laws, International Islamic University Malaysia The Majalla or the Majalla al-Ahkam al-Adliyyah as codification of part of Islamic law covers wide ranging subjects including general principles of Islamic jurisprudence and legal rules on transactions. These principles are relevant to the practice of Islamic finance. It is an interesting question