27Nov 2018 by admin

Legal Provisions of Section 30 of Code of Civil Procedure 1908, (C.P.C.), India

Trade
Subject to such conditions and limitations as may be prescribed, the Court may, at any time, either of its own motion or on the application of any party,(a) Make such orders as may be necessary or reasonable in all matters relating to the delivery and answering of interrogatories, the admission of documents and facts, and the discovery, inspection, production, impounding and return of documents or other material objects producible as evidence;(b) Issue summonses to persons whose attendance is required either to give evidence or to produce documents or such other objects as aforesaid; ADVERTISEMENTS: (c) Order any fact to be proved by affidavit.After the plaint has been filed by the plaintiff and the written statement by the defendant in court, it may appear to a party that the nature of…
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27Nov 2018 by admin

3 Types of Trade Dumping-Explained!

Trade
Dumping can be of several types, and the one adopted by a country largely depends upon its objectives and other attend it circumstances. 1. Persistent Dumping: This type of dumping is a continuous, long-term one. Its probability increases when international trade is characterised as in these days] by product differentiation and monopolistic competition.The reason for its persistence is that no single exporter finds it easy to get out of this pattern of activities. If it tries to do so, it runs the risk of getting competed out of the market. The situation can be remedied only if all the firms take a collective action, but this is highly unlikely. Image Source: leadtamuc.files.wordpress.com ADVERTISEMENTS: This phenomenon of two-way dumping may also be termed Reciprocal Dumping. This type was first given due…
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27Nov 2018 by admin

The Rise of the Extremist Movement in India

Trade
The period from 1885 to 1905 is called moderate Phase of Indian Nationalism. The Moderates had made large number of people conscious of the evils of foreign domination and of the need for fostering patriotism.They believed in purely constitutional methods and agitated for piecemeal reforms in the Indian administration system. They had imparted the necessary political training to Indian people. The moderates also succeeded to create democratic temper among the people.But during these very years of the Congress, certain developments in India and abroad produced among the younger section of the nation, a group of people, who began to question the wisdom of the method of prayers and petitions followed by the moderates in order to achieve their political objectives. They were called extremist or militant nationalists. Image Source: images.slideplayer.com…
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27Nov 2018 by admin

Why Regional Imbalance has been Persisting in India?

Economic Development
The major reason at an all India level has been the low rate of economic growth. The rate of economic growth in India in the 1960s and 70s was about 3.5% and about 5% in the 80s. This was not significant enough to impart regional equality despite policies consciously designed to favour backward regions being followed. Secondly, the root of these states’ backwardness lies in their socio-economic and political organisation itself. Bihar and eastern U.P. did not have land reforms properly implemented.In Bihar and Orissa even land consolidation unlike Punjab and Haryana have not taken place effectively. Thirdly, the backward states have a lower level of infrastructural facilities such as power, irrigation, roads telephones and modern market for agricultural produce. Fourthly, these states also have a lower level of social…
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26Nov 2018 by admin

What is the Significance of Southwest Monsoon Season in India?

Trade
The Southwest Monsoon season in India starts with the onset of the Southwest Monsoon winds in June and continues till the middle of September. This is called the rainy season. The duration of the rainy season goes on decreasing from south to north and from east to west. In the extreme northwest it is for barely two months.The chief characteristics of the Southwest Monsoon season are high heat, high humidity, cloudy sky, several spells of moderate to heavy rains and strong surface winds. ADVERTISEMENTS: There is a significant drop in temperature. The day temperature registers a decline of 5 °C to 8 °C, between mid-June and mid-July. After this it remains almost constant throughout the rainy season. The night temperature is more uniform than the day temperature.The highest temperature is…
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26Nov 2018 by admin

Essay on the Policies that Discourage Population Growth

Economic Development
Developing countries are mostly following the policy to restrict the growth of population. In fact, during the last four decades, many countries have adopted such policy.Economic incentives for small families in the Republic of South Korea and the Philippines, financial rewards for sterilization in India, Pakistan, Bangladesh, Nepal and Sri Lanka, the preferential treatment for mothers of small family in government hospitals in Singapore, free abortion facil­ities on demand in Tunisia, Cuba, China, India, Indonesia and Singapore, legalization of abortion on medical grounds in most of less developed countries are some of the examples of policies aimed at discouraging the rapid growth of population.In most of the developing countries, the techniques for promoting family planning and birth control vary from supplying contraceptives and information in some nations to much more…
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26Nov 2018 by admin

Difference between Welfare Human Geography and Humanistic Geography

Housing
Welfare Human Geography: Although human geography has emerged from earth sciences and has continuing links with physical geography, yet the basic objective of this branch of knowledge is to examine the various problems of different social groups in relation to their environment.At present, especially after the 1960s, the geographers have adopted a welfare approach.The welfare approach in fact emerged as the reaction to positivism, quantitative revolution, spatial science, and model-building which was thought to be insufficiently concerned with contemporary problems of human societies. Image Source: blogs.uplands.org ADVERTISEMENTS: The 1970s saw a major redirection of human geography towards ‘welfare’ issues such as poverty, hunger, deprivation, malnutrition, crime, distribution of assets, income, and access to social services (e.g., health care and education).This corresponded to a major shift in social concern, from narrow…
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26Nov 2018 by admin

8 Measures Undertaken to Develop Small-Scale Industry Sectors in India

Budget
The Third Census of the small-scale sector covering both registered and unregistered manufacturing units was conducted during 2001-02. Other important measures undertaken for development of small-scale sector included:1. The investment limit for SSI sector has been raised from Rs. 1 crore in 2006 to Rs. 5 crore in Micro Small and Medium Enterprises Development Act (MSMED) Act, 2006.2. In Budget 2005-06, the turnover eligibility limit under the general SSI Excise Exemption Scheme has been raised from Rs. 3 crore to Rs. 4 crore. ADVERTISEMENTS: 3. The Integrated Infrastructure Development has been extended in entire country with 50 per cent reservation for rural areas.4. A new Scheme called Market Development Assistance was launched for SSI sector.5. A credit guarantee scheme was launched to provide guarantee for loans up to Rs. 50…
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25Nov 2018 by admin

Top 5 Main Features of Mixed Economy

Investment
A mixed economy is characterized by the following features: Features 1. Co-existence of public and private sectors: Both public and private enterprises exist in this economic system. The role and areas of both the sectors arc well defined.The relative roles assigned to the public and private sector differ from economy to economy. But generally the public sector is expected to perform certain basic functions such as: ADVERTISEMENTS: (i) Development of economic infrastructures.(ii) To promote basic industries that require huge investment and are of long gestation periods;(iii) To promote industries in backward regions where inducement to invest is low.(iv) To develop defence production industries in public sector. ADVERTISEMENTS: Similarly, the private sector is expected to supplement the efforts of public sector and to take advantages of investment opportunities enhanced by public…
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25Nov 2018 by admin

Top 8 Basic Features of Capitalism – Explained!

Trade
The basic features of capitalism are as under: Features 1. Right of private property: Right of private property is an inherent part of capitalism. The right of private property includes three things: (i) Every individual has the right to accumulate property, (ii) An individual is free to use his property according to his will and (iii) Right of inheritance, i.e., after death of an individual his property goes to his successors. ADVERTISEMENTS: Government protects the right to property. However, the freedom to use property is subject to government laws and regulations.The right of private property induces the people to work hard and increase production so that they can increase their property. Right of private property increases the rate of capital formation. Image Source : businesskorea.co.kr 2. Price mechanism: Price mechanism…
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