Category: Industry

There are 18 SFCs across the country mandated to serve as Regional Development Banks for promoting industrial growth. These corporations were envisaged to function as Development Financial Institutions (DFIs) mainly for SSIs. Besides term loans for setting up new units, expansion, modernization, etc., of industrial units; they are also mandated to provide equity support wherever needed.The SFCs set up under the State Financial Corporation’s (SFCs) Act, 1951 have made significant contributions in developing industrial sector including the Small Scale Industry (SSI) Sector in India for well over past five decades. Over the years their activities have expanded considerably. However, with the passage of time, several problems connected with the structure, management and resources have confronted the SFCs.As such, their overall financial health has reached a critical state, with many of…

Legal Provisions of Section 304A of Indian Penal Code, 1860.Causing death by negligence:This section punishes causing death by a rash or negligent act. It says that whoever causes the death of any person by doing either any rash act or any negligent act, and such rash or negligent act does not amount to either culpable homicide amounting to murder or culpable homicide not amounting to murder, shall be punished with simple or rigorous imprisonment for a term extending up to two years, or with fine, or with both. Image Source: cdn.shareyouressays.com ADVERTISEMENTS: In the Draft Penal Code a provision dealing with such a matter did exist but somehow the same could not find a place in the Indian Penal Code at the time of its enactment. This section was added…

The main causes for the rapid growth in the quantity of solid waste are: 1. Overpopulation: Due to increasing industrialization and population large quantities of wastes are being generated in different forms such as- solid, liquid, sludge and gases. Each city produces tones of solid wastes daily from households, hospitals, industry offices, market centers etc.Some of these are biodegradable some are non biodegradable and Hazardous waste. Wastes are directly thrown away on the street roads, city garbage collecting places etc. Out of which most of it still remain there, which later pile up and chocks cities drainage lines. Image Source: 3.bp.blogspot.com Urbanization: ADVERTISEMENTS: Due to pressure of urbanization most of the cities are growing fast and sometimes they develop beyond the planned limits. Generally the unplanned areas of the city…

An Act to provide for the prevention and control of water pollution and the maintaining or restoring of wholesomeness of water for the establishment, with a view to carrying out the purposes aforesaid, of Boards for the prevention and control of water pollution, for conferring on and assigning to such Boards powers and functions relating thereto and for matters connected therewith.This Act came into force on 23 March, 1974. It applies in the first instance to the whole of the States of Assam, Bihar, Gujarat, Haryana, Himachal Pradesh, Jammu and Kashmir, Karnataka, Kerala, Madhya Pradesh, Rajasthan, Tripura and West Bengal and the Union Territories; and it shall apply to such other State which adopts this Act by resolution passed in that behalf under clause (1) of article 252 of the…

Macroeconomic analysis has been gaining strength ever since the publication of J.M. Keynes’ General Theory of Employment Interest and Money.Inductive method has, however, posed the danger of excessive generalization of individual experiences to the system as a whole. Such pitfalls need to be avoided if macroeconomics is to serve as a handmaid of public policy. Let us outline such pitfalls as the limitations of macroeconomics: Image Source: 2.bp.blogspot.com 1. Excessive Generalization: ADVERTISEMENTS: As hinted above, generalization of individual observation to the system as a whole may lead to erratic inferences about the system as a whole. For instance, a loss incurred by one firm in an industry does not necessarily imply losses to all other firms in it. Likewise, hospitality shown by one Indian does not imply that each and…

Broadly speaking, a monetary policy aims at the following five goals, popularly known as its objectives: 1. Neutrality of Money: Initially suggested by Wicksteed, supported later by Hayek and Robertson, the objective of neutrality of money implies that money should remain strictly neutral, causing no changes in the general price-level, output, income and employment. Image Source: egginasia.files.wordpress.com ADVERTISEMENTS: According to these economists, collectively known as the neutralists, money should not influence economic parameters such as price, output, income and employment nor should it influence the pattern of distribution in society. In other words, money should play a passive role as a medium of exchange and store of value.Neutrality of money is often put to severe criticism on the following grounds:1. It is based on the assumption, implicit in the quantity…

GNP per capita has been treated as an indicator of economic development and social welfare. For quite some time, a high GNP per capita has implied a high level of social welfare and economic development particularly in respect of some advanced countries.No wonder developing nations like India have begun to show signs of impatience about their chronically low growth rate of GNP. The obsession of realizing a higher growth of GNP is so high that a number of developing countries have prepared themselves to give up the very social objectives to fulfil which a high growth of GNP, they believe, is essential.Creation of employment opportunities, for instance, is a social objective of such economies. It is to achieve such objectives only that a high GNP growth has been and also…

137 Questions with Answers and Explanations on “Applied Biology” for Students.1. In crop movement programme, haploids are important because they (a) require one half of nutrients Image Source: northwesternflipside.com ADVERTISEMENTS: (b) are helpful in study of meiosis(c) grow better under adverse conditions(d) form perfect homozygous. ADVERTISEMENTS: Answer and Explanation:1. (d): in crop movement programme, haploids are important because they form perfect homozygous lines. Homozygous are the pure line selection plants resulting from self pollination. In this way, considerable homozygosity is obtained. Haploids are those plants which possess a gametophytic number of chromosomes. Haploids are used in plant breeding, especially for the production of homozygous plants and in their studies in the detection of mutation.2. Which ones produce androgenic haploids in anther cultures? (a) anther wall ADVERTISEMENTS: (b) tapetal layer of…

148 Questions with Answers and Explanations on “Ecology & Environment” for Biology Students:1. Acid rains are produced by (a) excess NO2 and SO2 from burning fossil fuels Image Source: dyndy.net ADVERTISEMENTS: (b) excess production of NH3 by industry and coal gas(c) excess release of carbon monoxide by incomplete combustion(d) excess formation of CO2 by combustion and animal respiration. (1988, 89) ADVERTISEMENTS: Answer and Explanation:1. (a): Acid rain refers to the precipitation with a pH of less than 5. It is a mixture of H2SO4 and HNO3, the ratio of the two acids vary depending on the relative quantities of sulphur oxides and nitrogen oxides present in the atmosphere. These oxides are mainly produced by combustion of fossil fuels, smelters, industries, power plants, automobile exhausts etc.2. Which one is not a…

Within their respective spheres. Parliament and the State Legislature should keep within the domain assigned to it and not trespass into domain reserved to the other, and a law made by one which trespasses or encroaches upon the field assigned to the other, is not valid. Image Source: farm2.static.flickr.comBut before the Legislature purporting to deal with a subject in one list and touching also on a subject in another list is declared to be bad, the courts apply what is known as, the doctrine of pith and substance. ADVERTISEMENTS: According to this doctrine, the legislation as a whole is examined to ascertain its “true nature and character” in order to determine in what list it falls. If according to its “true nature and character” the legislation substantially falls within the…