It was the earliest Indian Bank. Later three presidency banks were set up in 1876.Bank of Calcutta, Bank of Bombay and Bank of Madras which laid the foundations for Modern Banking in India. In 1921 all presidency banks were amalgamated to form the imperial bank of India. It engaged in all types of commercial banking business except dealing in foreign exchange. RBI Act was passed in 1934 and it was constituted as an apex body without major government ownership. Banking regulation Act was passed
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financial intermediary and a type of bank. It raises funds by collecting deposits from businesses and consumers via checkable deposits, savings deposits, and time deposits. It makes loans to businesses and consumers. It also buys corporate bonds and government bonds. Its primary liabilities are deposits and primary assets are loans and bonds. For Eg: - Bank of Baroda, Canara Bank, Dena Bank etc.Commercial banks work with short term funds. Their working capital consists mainly of moneys deposited by
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to protect against tyranny by creating a system of government that ensures no single entity holds too much power. This framework relies on the principles of federalism, the separation of powers, checks and balances, and a system of representation that guarantees fair governance for all states and individuals. Through these mechanisms, the Constitution establishes a balance of power that prevents any group or individual from dominating the government and protects the liberty of its citizens. One way
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1. A. What is the role of congress in the policy making process? Congress is the designated lawmaking body of the federal government. Policies (laws) pass through congress via a long process. A member of congress will introduce a bill which is then referred to committee(s) in the Senate and House. The committee refines, approves, and sends the bill on to the Chamber of congress where it originated. The bill could also die in committee from lack of support. The House or Senate will vote on the
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enacting legislation. The Government’s downplay of judicial influence cannot be ignored and this points to a discussion of whether Australia needs a bill of rights. The role of the courts also need to be evaluated with respect to the other branches of government, the legislature and the Executive, in an effort to attain a healthy balance between judicial independence and Parliamentary sovereignty for the people of Australia, and to bring to an end the ongoing debate of whether Australia really needs
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the power to make laws necessary and proper to enact enumerated powers. The other weakness was that the states had more power in the national, central, federal government. Federalism - The US constitution divides power between the Federal/National government and state government. Some powers are given specifically to the federal government (declare war and make treaties). Those are called Delegated powers. Some powered are shared (raised taxes). Those are called reserved powers. The other solution
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Functions of Law Paper LAW/421 July 18, 2013 Role and Functions of Law Paper Laws were created to protect people from harm. If there were no laws in place to set guidelines of right and wrong, there would be lots of crime and death. Every government in the world has laws to maintain order and structure. Also, laws help correct social behaviors which allow businesses and citizen’s work and conduct business successfully. In the laws set forth, people cannot take advantage of each other and conduct
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of the federal government which only has limited powers; to regulate individuals and businesses; and states are left with more inherent powers to protect their citizens. The Constitution of the United States was designed to have three general functions that include establishing a structure for the federal government and rules for amending the constitution, granting powers for different branches of government, and to provide procedural protections for US from wrongful government action. The
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the people is first divided between two distinct governments, and the portion allotted to each subdivided among distinct and separate departments. Hence a double security arises to the rights of the people. The different governments will each control each other, at the same time that each will be controlled by itself.” In the United States, the U.S. Constitution gives certain powers to the federal government, other powers to the state governments, and yet other powers to both. Federalism protects
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without them. Regardless, of an individual’s relationship to one’s career or statute, when a crime is committed the law has standards and is structured in which the accused is to be punished or released. The police, courts, and corrections are three components that make up the criminal justice system. Within the criminal justice system, there is a process which takes place. “Whether part of a system or a non-system, the agencies of criminal justice must process the cases that come before them”
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