Indian Economy : Industrial Policy Resolution , 1948

The first important resolution was issued by Govt. of India on April 6, 1948. After that there have been changes several times. This Policy divided the industries into four categories. The small and cottage Industries were given privileges. However this ..

Prime Minister’s Speech on Independence Day : Main Points

Note: Shri Manmohan Singh is fourth prime Minister to deliver a speech from red fort for the fifth time in a row. Other records: Jawahar lal Nehru : 17 times Indira Gandhi : 16 times Atal Bihari Vajpayee : 6 ..

Absolute Poverty

A situation where a population or a section of a population is able to meet only its bare subsistence essentials of food clothing and shelter in order to maintain a minimum level of living is called absolute poverty. Another term ..

Abyssal Plain

It is also known as deep sea plane. It usually the level of the ocean floor which lies between about 3500 m & 5500 m below the surface of the ocean. The trenches, mid ocean ridges sea mounts, often break ..

ABC Method

It is a method of stock control in which each item is designated by the letter A, B or C depending upon its value to the total expenditure of production materials. A goods are low volume high cost items while ..

Paleoclimatology

Paleoclimatology is a branch of science that deals with the study of climate change taken on the scale of the entire history of Earth. It uses records from following sources to determine the past state of the climate system on ..

Acid Test Ratio or Quick Ratio

The Ratio of current liabilities to current assets excluding stocks is called acid test ratio. Also known as quick ratio or liquid ratio measures the ability of a company to use its near cash or quick assets to immediately extinguish ..

National Solar Mission

India is world’s 6th largest energy consumer, accounting for 3.4% of global energy consumption. Due to India’s economic rise, the demand for energy has grown at an average of 3.6% per annum over the past 30 years. In March 2009, ..

New Direct Tax Code Bill : Main Points

Update (November 2015): Direct Taxes Code (DTC), which was first released in 2009, sought to replace the  existing Income Tax Act 1961 and Wealth Tax Act 1957 through a single legislation, with consolidation and improvements in the way taxes are ..

Companies Bill, 2009

On August 3, 2009 , a new Companies Bill was introduced in the Lok Sabha. The name of the bill is Companies Bill, 2009. Actually It is the Companies Bill, 2008, which lapsed with the dissolution of the 14th Lok ..