PROFIT & LOSS

Profit and loss   IMPORTANT FACTS Cost Price: The price, at which an ARTICLE is purchased, is called its cost price, abbreviated as C.P.   Selling Price: The price, at which an article is sold, is called its selling prices, abbreviated as S.P.   Profit or Gain: If S.P. is greater than C.P., the seller is said to have … Read more

Services

Current Status It is the largest and fastest growing sector globally contributing to the global output and employing more people than any other sector Why has services sector grown? Increase in Urbanisation, privatisation and more demand for intermediate and final consumer services Availability of quality services is vital for the well being of the economy … Read more

Local Governance: 73rd and 74th Constitutional Amendments.Types of Urban local bodies and Panchayati Raj institutions in India.Sources of Finance in Urban Local Bodies and Panchayati Raj Institutions.

Panchayats And Municipalities Panchayats Village Panchayat In the structure of the Panchayati Raj, the Village Panchayat is the lowest unit. There is a Panchayat for each village or a group of villages in case the Population of these villages happens to be too small. The Panchayat chiefly consists of representatives elected by the people of … Read more

Public Administration and management: Meaning, nature and significance

The English word  administer‘ is derived from a combination of two Latin words and ?ministrate‘ meaning ?to serve or manage‘. Literally, the term means management the affairs of public or private. Administration refers to mobilisation of Resources – human and material- to achieve pre-set of objectives. Administration is thus an activity undertaken in pursuit of … Read more

Goods and Services Tax — GST

What is GST? Goods and Services Tax — GST — is a comprehensive tax levy on manufacture, sale and consumption of goods and services at a national level. Read moreGoods and Services Tax — GST

Road and Transport of India

Road sector Road transport is considered to be one of the most cost effective and preferred modes of transport, both for freight and passengers, keeping in view its level of penetration and last mile connectivity in populated areas. A good road Network is vital to the Economic Development and social integration of the country. It … Read more

Disaster Management

Disaster Management History shows that India is exposed to national disasters. INFRASTRUCTURE; and other efforts to make the community more resilient to a catastrophic event. Preparedness Preparedness focuses on understanding how a disaster might impact the community and how education, outreach and training can build capacity to respond to and recover from a disaster. This … Read more

12 Finance Commission of India

  The Twelfth Finance Commission  was appointed under the chairmanship of C. Rangarajan on November 1, 2002 to make recommendations regarding the distribution between the Union and the States of net proceeds of shareable taxes, the principles which should govern the grants- in-aid of the revenues of States from the Consolidated Fund of India and … Read more

Niche

  Niche:- a  description  of  all  the  biological,  physical  and  chemical  factors  that  a  species needs to survive, stay healthy and reproduce. No two species have exact identical niches. Niche plays an important role in conservation of organisms. Types of Niche Habitat niche – where it lives Food niche – what is eats or decomposes … Read more