Types of Decisions by Managers

By | April 6, 2020

Routine Decisions: These are the day to day decisions taken by lower level and middle-level managers. They are taken after analysing the already laid procedures, rules and policies. The middle-level managers use the standard policies set by the top-level management as a benchmark to derive at a certain choice. They are also known as tactical decisions. They can… Read More »

Management Skills

By | April 3, 2020

There are various abilities and traits which an ideal manager must possess so as to accomplish the tasks of the company. Prof. Robert Katz has bifurcated managerial skills into three sub-parts. They are as follows: Conceptual Skills: These skills induce the person to have a vision about the organization as a whole. Conceptual skills are an amalgamation of… Read More »

National Policy for Empowerment of Indian Women

By | June 15, 2018

National Policy for the Empowerment of Women was adopted in the year 2001. The goal of the policy is to bring about the advancement, development and empowerment of women. Specifically, the aims of the national policy for empowerment of Indian women include: Creating an environment through favorable economic and social policies for the full development of women to enable them to… Read More »

Credit Policy: Types and Aspects

By | May 20, 2018

Credit policy is an important part of the overall strategy of a firm to market its products. It refers to those decision variables that influence the amount of trade credit i.e investment in receivables. Credit policy can be lenient or stringent. There are two types of credit policies. Let us know about them in brief. a) Lenient/Loose/expansive Credit Policy: Under this policy,… Read More »

Indian Stock Exchanges Service Corporation (ISESC)

By | May 13, 2018

Indian Stock Exchanges Services Corporation (ISESC) is promoted by second-rung stock exchanges of the country and is floated as a company under Section 35 of Companies Act. ISESC came to functional on June 1998. In ISESC there are 14 members including Bangalore, Bhubaneswar, Cochin, Coimbatore, Guwahati, Hyderabad, Jaipur, Kanpur, Ludhiana, Madhya Pradesh, Mangalore, Patna, Saurashtra and Vadodara stock exchanges. ISESC… Read More »

Islands in India

By | May 13, 2018

In India there are nearly 650 islands, most of the islands are located in two groups: Andaman and Nicobar group Lakshadweep group 1. Andaman and Nicobar group Andaman and Nicobar Islands are located in the Bay of Bengal, are considered as the continuation of the Arakan Yoma mountain ranges of Myanmar. There are 572 islands in Andaman and… Read More »

Definition of Stock Exchange

By | May 5, 2018

Under the Indian Securities Contracts (Regulation) Act of 1956, an exchange is defined as any body of individuals, whether incorporated or not, constituted to assist, regulating or controlling the business of buying, selling or dealing in securities. The Securities Contracts Regulation Act stipulates that the Government of India must recognize a stock exchange. The Government recognizes the twenty-three… Read More »

Lok Adalats in India

By | April 16, 2018

Lok Adalats is a system of alternative dispute resolution developed in India. Lok Adalat means ‘People’s court’. India has had a long history of resolving disputes through the mediation of village heads. Under the Legal Services Authorities Act of 1987, Lok Adalats have been given a statuary status. The aims of Lok Adalats are secure justice to the… Read More »

Salient and Unitary Features of Indian Constitution

By | April 16, 2018

12 Features of the Indian Constitution Three-tier Government in India Central Government State Government Panchayati Raj Government Lengthiest Written Constitution Constitution consisted of a Preamble, 395 articles (which were divided into 22 parts) and 8 Schedules. Federal System with Unitary Bias Essential characteristics of a federation are: Minimum two tiers of governments (India has 3 tiers of government).… Read More »