WORKING CAPITAL

  Meaning of Working Capital Every business needs funds for two purposes for its establishment and to carry out its day-to-day operations. Capital required for a business can be classified under two main categories viz. (i) Fixed capital (ii) Working capital. Long-term funds are required to create production facilities through purchase of fixed assets such … Read more

Non-Statutory Bodies

Beyond the Statute: Understanding Non-Statutory Bodies in Governance The intricate web of governance in modern societies is woven not just from the threads of legislation, but also from the diverse and dynamic tapestry of non-statutory bodies. These entities, often operating outside the formal framework of law, play a crucial role in shaping policy, delivering services, … Read more

Human Rights Commission

 Human Rights Commission Establishment of Human Right Commission The National Human Rights Commission is a statutory (and not a constitutional) body. It was established in 1993 under a legislation enacted by the Parliament, namely, The Protection Of Human Rights Act, 1993. This Act was amended in 2006. The commission is the watchdog of … Read more