The Competition World

Audio Podcast -  Play in new window  |  Download Governments can be classified into several types. Some of the more common types of governments are: 1. Democracy The word "democracy" literally means "rule by the people." In a democracy, the people govern. 2. Republic   A literal democracy is impossible in a political system containing more than a few people. All "democracies" are really republics. In a republic, the people elect representatives to make and enforce laws. 3. Monarchy A monarchy consists of rule by a king or queen. Sometimes a king is called an "emperor," especially if there is a large empire, such as China before 1911. There are no large monarchies today. The United Kingdom, which has a queen, is really a republic because the queen has virtually no political power. 4. Aristocracy An aristocracy is rule by the aristocrats. Aristocrats are typically wealthy, educated people. Many monarch...

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Coringa Mangrove -  It lies in the east Godavari district near Kakinada port along the Bay of Bengal.The habitat is suitable for salt water crocodile. The area is cut up with a number of creeks of river Godavari. It was declared as a sanctuary in July 1978 to conserve the mangrove vegetation of the estuary. Mangroves in India account for about three per cent of the world's mangrove vegetation. The report says mangrove cover in India is 4,662 sq. km, which is 0.14 per cent of the country's total geographical area. Sundarbans in West Bengal accounts for almost half of the total area under mangroves in the country. The very dense mangrove comprises 1,403 sq. km (30.10 per cent of the total mangrove cover), moderately dense mangrove is 1,658.12 sq. km (35.57 per cent) while open mangroves cover an area of 1,600.44 sq. km (33 per cent). Mangrove forests are regarded as the most productive wetlands in the world on account of the large quantities of organic and inorganic n...

“The Right of Citizens for Time Bound Delivery of Goods and Services and Redressal of their Grievances Bill, 2011” is a step forward towards good governance.  The salient features of the Bill are: Right to Citizens It confers right on every individual citizen to time bound delivery of goods and provision for services and Redressal of grievances. Publication of Citizens Charter It requires every public authority to publish, within six months of the commencement of the proposed legislation, aCitizens Charter specifying therein the category of goods supplied and services rendered by it, the time within which such goods shall be supplied or services be rendered the name and addresses of individuals responsible as designated officers for the delivery of goods or rendering of services. Information and Facilitation Centre It requires every Public Authority to establish information and facilitation centre for efficient and effective delivery of services and redr...

Gross external debt, at a point in time, is defined as “the outstanding amount of those actual current, and not contingent, liabilities that require payment(s) of principal and/or interest by the debtor at some point(s) in the future and that are owed to non-residents by residents of an economy” (External Debt Statistics -Guide for Compilers and Users, International Monetary Fund (IMF), 2003). Original and Residual Maturity                           Original maturity is defined as the period encompassing the precise time of creation of the financial liability to its date of final maturity. Debt by residual maturity (or remaining maturity) includes short term debt by original maturity of up to one year, combined with medium to long term debt repayment by original maturity falling due within the twelve month period following a reference date. External debt is commonly expressed in terms of original maturity. ...

By - Dhiraj  Singh,  Director (M&C), P.I.B T he Government has decided to allow Foreign Direct Investment   ( FDI)  upto  51% in multi brand retail. This means that global retailers can come to India with a local partner and set up stores in the country.  Till now FDI was not allowed in multi brand retail.  However, there were big multi brand retail outlets owned by Indian entities.  This decision is an enabling policy that will open up new windows of opportunity to modernize the retail sector particularly for agricultural products and the small-scale sector. The benefits would be for all : The farmer  will get a better price for their produce as middlemen will be removed   and retailers will buy directly from farmers.  Farmers’ losses from wastages specially   in  vegetables and fruits will come down. The small scale sector  will find new buyers and cheap and better quality source for their product...