Parliamentary Committees – Committee of Estimates, Public Accountants, Public Undertaking…

By | April 16, 2018

Parliamentary committees are of two kinds- standing committees and adhoc committees. standing committees are elected or appointed every year or periodically and their work goes on, more or less on a continuous basis. The adhoc committees are appointed every year or periodically and their work goes on, more or less on a continuous basis. The adhoc committees are… 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 »

About International Organization for Standardization (ISO)

By | April 16, 2018

ISO (International Organization for Standardization) is the world’s largest developer and publisher of International Standards. ISO was founded in 1947 as a non-governmental federation of national standards bodies. ISO is a network of the national standards institutes of 163 countries, one member per country, with a Central Secretariat in Geneva, Switzerland, that coordinates the system. ISO is a non-governmental… Read More »

The Preamble to the Constitution of India

By | April 16, 2018

The Preamble to the Constitution of India sets out the main objective which the Constituent assembly intended to achieve. The preamble which is based on the “Objectives Resolution” was drafted and moved by Pandit Jawaharlal Nehru and adopted by the Constituent Assembly. It has been amended by 42nd Constituent amendment Act, 1976 by which three new words –… Read More »

Railway Engineering Industries and Institutes in India

By | April 16, 2018

Indian Railway is fully independent in the matter of building all its equipment. The industry is based on railway equipment was established as a Peninsular Locomotive company at Singhbhum district of Jharkhand in 1921. Later, it was named as “Tata Engineering and Locomotive Company’ (TELCO). Some of the railway production units in India are: Chittaranjan Locomotive Works (CLW),… Read More »

Rail Transport in India

By | April 16, 2018

The first passenger train in India was started by Lord Dalhousie, Governor General of India on April 16, 1853, between Bori Bunder, Bombay, and Thane covering a distance of 34 km. Indian Railway was nationalized in 1951 and presently, it is the largest Railway Network in Asia and the second largest railway network in the World. There are… Read More »

Committees of Constitutional Assembly – Chairman

By | April 16, 2018

Some of the chairman’s of committees of the constituent assembly to be remembered in the point of view of competitive examinations such as UPSC, SSC. S.No Committee Chairman 1 Drafting Committee B.R Ambedkar 2 Union Constitution Committee J.L. Nehru 3 Committee for State Negotiation Rajendra Prasad 4 Provincial Constitution Committee Sardar Patel 5 Union Powers Committee Jawaharlal Nehru… Read More »

Payback Period

By | April 14, 2018

The basic characteristic of investment is that a stream of future cash flows follows accuracy outlay for a specified period. A rational investor would try to recoup his initial outlay from the cash flows in the quickest time possible during the economic time of the project. Payback period may be defined as the number of years required to… Read More »

Accounting Rate of Return (ARR)

By | April 13, 2018

Accounting Rate of Return (ARR) method is also known as average rate of return an average of the net profit after taxes over the whole of the economic life of the project is taken. Under this method, the performance is expected as a percentage of capital or investment. Accounting rate of return may be calculated according to any of the… Read More »