Notes and Study material for Exams
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
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
JOB CREATION As outlined in the NITI Aayog’s Action Agenda, India suffers more from the problem of underemployment (i.e. low-productivity, low-wage jobs) than Unemployment as for example: In 2011-12, agriculture engaged nearly 50% of the workforce but contributed 15% to GDP In 2010-11, within manufacturing, small firms employed 72% but output was only … Read more
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