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
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
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
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
American Express -- Strategies and Risks Analysis Strategic Risk Management Lumin Wang Oct 10, 2017 Executive Summary: The American Express Company is a global financial service company headquarter in Manhattan, New York City. The company was founded in 1850, and is one of the 30 components of the Dow Jones Industrial Average and S&P 100(Wikipedia). It went to public on New York Stock Exchange in 1978. The company is best known for its credit card, charge card, and traveler's cheque
Describe the theoretical arguments that emerged between the proponents of intergovernmentalism and those of a more supranational persuasion. Given the recent shocks within the EU, to what extent have the proponents of intergovernmentalism won the argument? Discuss. Introduction The preamble of the treaty of the European Union mentions a resolve “…. to continue the process of creating an ever closer union among the peoples of Europe, in which decisions are taken as closely as possible to the citizen