...system. A large number of multinational corporations are setting up their business units in different countries and are increasingly accessing the global markets by listing their securities on the foreign stock exchanges. Corporations around the world venture into business activities either through their own presence in different parts of the world or through their subsidiaries, collaborations, associates and joint ventures....
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...| Family Law Tutorial | Adoption | | | 9/21/2012 | Saurabh Mishra, 211085, Section B | Introduction Reflecting a strictly general point of view, a person or a family may proceed to adopt a child for various reasons, varying from those of a genetic nature such as infertility and homosexuality to strictly humane sentiment, such as a desire to provide a child with a home and a caring family when he has been deprived of the same due to unavoidable and unforeseen circumstances. In order to completely establish the process of adoption, it is necessary to take into one’s family the child of another and give him or her, the rights, duties, and privileges of a child and heir. Adoption is the institutionalized practice through which an individual belonging by birth to one kinship group acquires new kinship ties that are socially and legally defined as equivalent to congenital ties. These new ties supersede the old ones either wholly or in part. Adoption: Religious legal opinions Personal laws of Muslims, Christians, Parsis and Jews do not recognise complete adoption. Hindu law is the only law which recognizes adoption in the true sense of taking of a son as a substitute for a natural born one. The reason for this is partly due to the belief that a son is indispensable for spiritual as well as material welfare of the family, particularly that of a father. The only personal law which permits adoption under statute is the Hindu Adoptions and Maintenance Act, 1956. There...
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...Research Guide Abstract: Banking sector plays a significant role in development of Indian economy. So banks need to optionally leverage technology to increase penetration, improve their productivity and efficiency, deliver cost-effective products and services, provide faster, efficient and convenient customer service and thereby, contribute to the overall growth and development of the country. Technology enables increased penetration of the banking system, increases cost effectiveness and makes small value transactions viable. Besides making banking products and services affordable and accessible, its simultaneously ensures viability and profitability of providers. Technology allows transactions to take place faster and offers unparallel convenience through various delivery channels. Technology enhances choices, creates new markets, and improves productivity and efficiency. Effective use of technology has a multiplier effect on growth and development. In the area of payment systems, there have been significant advancements of technology on the customer transactions. India is one of the country that has effectively tackled huge volumes of paper instruments in cost effective manner. The Magnetic Ink Character Recognition (MICR) cheque clearing System, cheque transaction system(CTS) is another innovative solution that has been developed to enhance the efficiency of paper-based clearing system. CTS has eliminated the need for physical movements of cheques. The National Electronic...
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...oduction of corruption What is Corruption? In philosophical, theological, or moral discussions, Corruption is spiritual or moral impurity or deviation from an ideal. In economy, Corruption is payment for services or material which the recipient is not due, under law. Corruption means the state of being bad and dishonest, especially in matters concerning money. It creates a very impact to the country's education, occupation, living style and mostly the humanity. Corruption affects all regions of the world and all levels of society, but the impact is greatest in developing countries. Every year, developing countries lose USD 50 million to 100 million through corrupt acts Corruption undermines political, social and economic stability and damages trust in institutions and authorities. It also fuels transnational crime. Terrorists and organized criminals are aided in their illegal activities by the complicity of corrupt public officials. Types of Corruption Corruption became a sway all over the world now-a-days. It can be categorized in three types. There are three broad classifications of corruption, which are however not mutually exclusive: Petty and Grand corruption: Petty Corruption: • Practiced on a smaller scale. Defined as the use of public office for private benefit in the course of delivering a pubic service. Usually involves relatively small amounts of money, including bribery (grease money or speed payments) The public servant abuses his/her position by accepting...
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...Overview of the various Adoption Acts , Procedures of Adoption in India Adoption can be a most beautiful solution not only for childless couples and single people but also for homeless children. It enables a parent-child relationship to be established between persons not biologically related. It is defined as a process by which people take a child not born to them and raise it as a member of their family.Sadly, in India, this beautiful relationship is given only limited encouragement by law. Only Hindus are allowed to legally adopt. Other communities can only act as legal guardians to the children they adopt. The adopted children do not receive the status of children; they only attain the status of wards. The law is still more parent-oriented than child-oriented. It does not recognise the right of every child to a caring family environment. In the case of Hindus, it is the spiritual motive that the law recognizes. Children, the true beneficiaries of adoption, are given short shrift. The UN Convention on the Rights of the Child, 1989The United Nations Convention on the Rights of the Child, 1989, recognizes a child's right to an identity and family.Article 21 of the Convention states that:State parties that recognize and/or permit the system of adoption shall ensure that the best interests of the child shall be the paramount consideration and they shall: a. Ensure that the adoption of a child is authorized only by competent authorities who determine in accordance with applicable...
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...Share Capital It is the amount of money contributed by the shareholders for the furtherance of objectives of the company for which it was created. * Equity / Preference Share * Par value * Number of Shares in each category * Total amount TYPES OF SHARE CAPITAL * AUTHORISED CAPITAL * ISSUED CAPITAL * SUBSCRIBED CAPITAL * CALLED UP CAPITAL * PAID-UP CAPITAL AUTHORISED CAPITAL * MAXIMUM amount of share capital that the company is authorised by its constitutional documents to issue to shareholders. * Part of the authorised capital can (and frequently does) remain unissued. * EXAMPLE: AS PER THE CONSTITUTIONAL DOCUMENT OF A NEW COMPANY ‘XYZ.LTD’ IT CAN ISSUE A TOTAL OF 10 LAKH SHARES OF RS 10 EACH FACE VALUE/PAR VALUE: IT IS THE FIXED DENOMINATION AT WHICH A COMPANY ISSUES ITS SHARES. THE FACE VALUE IS MENTIONED ON THE SHARE CERTIFICATE. ISSUED CAPITAL * THE PART OF AUTHORISED CAPITAL WHICH IS OFFERED TO THE PUBLIC FOR SUBSCRITION * EXAMPLE : * OUT OF 10 LAKH SHARES, COMPANY ‘XYZ LTD.’ ISSUES 7 LAKH SHARES OF RS 10 EACH SUBSCRIBED CAPITAL * PART OF ISSUED CAPITAL THAT IS APPLIED FOR BY PROSPECTIVE SHARE HOLDERS & ALLOTED BY THE COMPANY * UNSUBSCRIBED CAPITAL :BALANCE OF ISSUED CAPITAL NOT SUBSCRIBED BY THE PUBLIC * EXAMPLE : SITUATION 1: UNDERSUBSCRIPTION ‘XYZ LTD.’ GETS PROSPECTS FOR 6 LAKH SHARES SITUATION 2: OVERSUBSCRIPTION ‘XYZ LTD’ GETS PROSPECTS FOR 8 LAKH SHARES ...
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...In Oct 2008, the Supreme Court ruled that "commercial surrogacy is legal and an industry in India", making it a legally protected and viable option for international couples. Named the Assisted Reproductive Technology (Regulation) Bill, 2013, it seeks to address issues like how many pregnancies can be allowed for a surrogate mother, the age of the mother and due compensation to be paid to her. "The issues addressed in the bill are compensation, informed consent and health of the women involved,” He said that the bill might also provide a punishment framework for violators. The bill will also provide a framework for letting foreigners use Indian surrogate mothers. Surrogacy in India has always been a controversial subject with activists blaming foreigners for exploiting poor women. In 2012, an Australian couple left behind one of the twins born to an Indian surrogate mother because they could not afford to bring up two children back home. The Indian case happened about two years ago and echoes the recent case of baby Gammy, who was born in Thailand to a surrogate mother and whose Australian parents only brought back his twin sister. In the Landmark case Baby Manji Yamada v. Union of India, a Japanese couple, Dr. Ikufumi Yamada and his wife, wished to have a baby and entered into a surrogacy contract with an Indian woman in Anand, a city in the state of Gujarat where this practice was pioneered. The couple went through matrimonial discord but the father still insisted on having...
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...Group - 5 Somnath Bhaduri Neeraj Jain Naveen A. Kumar Kirti Katiyar Harsh Agarwal Dipankar Duttagupta Group - 5 Somnath Bhaduri Neeraj Jain Naveen A. Kumar Kirti Katiyar Harsh Agarwal Dipankar Duttagupta MIDDLE-INCOME TRAP IN INDIA MIDDLE-INCOME TRAP IN INDIA TABLE OF CONTENTS 1. Introduction……………………………………………………………………………………………… 2. The Middle Income Trap…………………………………………………………………………… 3. Reason why countries are struck in Middle-Income Trap…………………………. 4. India enters the Middle Income Group…………………………………………………….. 5. Factors causing Middle Income Trap and Economic Slowdown………………… 6. Income inequality and its relevance…………………………………………………………. 7. How to avoid India falling into Middle Income Trap…………………………………. 8. Conclusion………………………………………………………………………………………………… INTRODUCTION According to International Monetary Fund World Economic Outlook (April-2015), GDP (nominal) per capita of India in 2014 at current prices is $1,627. India is in the lower-middle income category. India’s entry to the middle income group has raised the question whether it will be able to avoid the ‘middle income trap’ which refers to prolonged stay in the middle income category and failure to move ahead to the high income category. India’s economy has developed quickly in the last decade, improving living standards and experiencing strong growth in such critical sectors as ICT (information, communication and technology). In recent years, however, circumstances...
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...operate a business in a foreign country to understand the host countries’ business customs, value, and ethical behaviors in order to be successful. For instance consider the story of Benjamin Franklin, the great American diplomat, inventor, physic and politician. He was the only person who convinced the French to assist the revolutionaries in their battle for freedom from England. The biographers stated that the success was due to the fact that Franklin was aware of the French’s politics, history, arts, literature, values and norms. (Muller, 1991) From the above scenario, it is crystal clear that rely firms and people that rely on their home culture to compete in a foreign country tend to jeopardize their success due to the cultural variation. This is because culture affects the consumer behaviors, local demand, buying decisions and brand loyalty. So the question is what is culture? Culture is a framework of behavioral patterns, values, assumptions and experience shared by a social group which when taken together constitute a design of living (Davey, 2011) Culture has several characteristics. To begin with, culture is a learned behavior which is non-instinctive in nature; meaning we are not genetically programmed to learn a specific culture. For example any normal baby can be born and placed in any family around the world thus learning the culture and accepting it as its own. In other words culture is learned and can be transmitted both inter-generationally and intra-generationally...
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...Brook, Illinois. Set in 80 wooded acres. Training is provided for every level of McDonald's management worldwide. 1984 50 billionth hamburger sold. Ronald McDonald Children's Charities is founded in Ray Kroc’s memory to raise funds in support of child welfare. 1989 McDonald's is listed on the Frankfurt, Munich, Paris and Tokyo stock exchanges. 1990 McDonald's opens in Pushkin Square and Gorky Street, Moscow. 1993 The first McDonald's at sea opens aboard the Silja Europa, the world's largest ferry sailing between Stockholm and Helsinki. 1994 Restaurants open in Bahrain, Bulgaria, Egypt, Kuwait, Latvia, Oman, New Caledonia, Trinidad and United Arab Emirates, bringing the total to over 15,000 in 79 countries on 6 continents. 1996 McDonald's opens in India – the 95th country. Consistency and uniformity – the trademark of McDonald’s...
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...by politicians and public officials who have been given almost unrestricted access to public resources together with the power to take decisions that impact on the lives of everyone and the nation as a whole. It follows that those in positions of power can use these positions to take decisions that are solely in the public interest or they can use them to benefit themselves, friends, and in the case of politicians, their party supporters to the exclusion of others. There is mounting evidence, documented by Transparency International among others, that given their privileged position those in power can and sometimes do inflict immense, often irreparable, damage on the country by acting in any other than in the public interest. This, essentially, is the rationale for the legislative and other measures that countries take to govern the behaviour of their public officials. The absence of integrity and probity in public life is manifested in corruption which is a worldwide phenomenon. But its impact is strongest and most pervasive in small states that already suffer from all the known disadvantages that characterise smallness such as unfavourable economies of scale, high per capita cost of government, remoteness, and distance from large markets and centres of large populations among others. In addition to all these, small States also tend to suffer from ineffective parliamentary oversight, weak and undeveloped systems of checks and balances like a strong and independent media as well...
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...governing of state plays a very important role in the development of a country. The government should take all necessary steps for the betterment of the country and its people. A democratic country is for the people, by the people and to the people. Therefore government of any country should act wisely for the development of the community. Social welfare is a policy in which the well being of a society at large is the main target. It includes every class/group of people in the society i.e. children, women, the disabled, old etc and the basic standard of living is guaranteed to every one. ROLE OF SOCIAL WELFARE DEPARTMENT OF GOVERNMENT OF MIZORAM Social Welfare was created as a small wing under Education Department during 1973 – 74 with one State Social Welfare Officer, one District Social Welfare Officer and a skeleton supporting staff. During 1974-75, the Social Welfare Wing was strengthened by posting one Programme Officer. Today, as many as 506 staff belonging to different grades is working in the Department, covering the whole of Mizoram. The Department of Social Welfare has been taking up various schemes for the upliftment of women and children, handicapped persons, old age persons, management of correctional institutions and social defense, strengthening of voluntary organizations and development of rural infrastructure. SCHEMES AND PROGRAMMES 1) INTEGRATED CHILDREN PROTECTION SCHEME The Govt. of India, Ministry of Women & Child Development has formulated a new Centrally...
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...It aims to evaluate the performance of the mission with the help of stakeholder analysis. INTRODUCTION India is faced with the challenge of sustaining its rapid economic growth while dealing with the global threat of climate change. This threat emanates from accumulated greenhouse gas emissions in the atmosphere, generated because of long term anthropogenic interventions and intensive industrial growth and high consumption driven lifestyles in developed countries. While engaged with the international community to collectively and cooperatively deal with this threat, India needs a national strategy to firstly, adapt to climate change and secondly, to further enhance the ecological sustainability of India’s development path. Climate change will affect the livelihood of the people and also affect the distribution strategy of the available resources. Also our economy is tied to agriculture as more than 60% of people are dependent on agriculture, due to which impact of climate change on India’s economy will be more. The global warming may affect the hydrological cycle which could result in further intensification of temporal and spatial variations in precipitation, snow melt and water availability. The report on “India’s Initial National Communication to the United Nations Framework Convention on Climate Change” published by Ministry of Environment and Forests, Government of India identifies the following projected impacts of climate change on water resources. The projected climate...
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...(Marketing Area), Dept of Management Studies India is a land of diversity. This diversity spans across culture, tradition, language, geography and the economic condition of the people. It is a nation that has a significant number of people who are below the minimal socio-economic benchmarks. This includes rural and urban poor, women in rural areas, street children, people belonging to historically disadvantaged castes and people living in less developed areas. The vulnerability of these sections of society has increased with globalization and this section is prone to become even more marginalized - economically and socially. Successive governments have committed themselves to addressing these divides, but effective implementation of various economic development programmes aimed at individuals belonging to these sections of society has proved an elusive goal. During the 1980s and early 1990s, initial attempts towards e-Governance were made with a focus on networking government departments and developing in-house government applications in the areas of defence, economic monitoring, planning and the deployment of IT to manage data-intensive functions related to elections, census, tax administration etc.80 These applications focused on automation of internal government functions rather than on improving service delivery to citizens. Over the past decade or so, there have been islands of e-Governance initiatives in the country at the national, state, district and even block-level...
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...These efforts have no doubt resulted some transformation in the pace of development under this sector, but much more still remains to be done to bring the situation compatible with other developed States of the country. Keywords – Rice, Agriculture, Assam, Production. I. INTRODUCTION Agriculture is the main source of income for families in India. Rice is the staple diet for about 65% people and cultivation of rice is the main occupation of those engaged in agriculture. It is grown in many regions across India. It is a part of nearly every meal, and it is grown on a majority of the rural farms. Rice is essential to life in India. India is the world's second largest producer of white rice. Here rice is cultivated in both seasons-winter and summer. It contributes about 43% of total food grain production and 46% of total cereal production in the country. It continues to play vital role in the national exports. The percentage share of rice in total national export was 4.5% during 1998-99. The percentage share of agriculture export in total national export was 18.25, whereas the percentage share of rice export in total agriculture export was 24.62 during 1998-99. Thus, rice export contributes nearly 25% of total agriculture export from the country. In Assam rice...
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