ECONOMIC MATTERS Ill Effects of Black Money on Growth of Economy V. Gopalan* A ccording to the data provided by the Swiss Bank‚ India is topping the list with almost $1500 billion of its black money deposited with them‚ followed by Russia $ 470 billion‚ UK $390 billion‚ Ukraine $100 billion and China with $96 Billion. It looks like India’s share is more than rest of the world combined‚ 13 times larger than the nation’s foreign debt and about 40% of GDP of India. Every year this
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CHAPTER 3 – INTERDEPENDENCE BETWEEN MAJOR SECTORS‚ MARKETS AND FLOWS IN THE MIXED ECONOMY STUDY UNIT 1 Production‚ Income and Spending *Identify the three major flows in the economy Production – occurs and generates income Income - earned Spending – Buy available goods and services *Distinguish between a flow and a stock (Box 3-1 Stocks and Flows) STOCKS FLOWS Measured at a particular point in time NO time dimension Has a Time dimension – only measured over a period Water level
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. Ques.1(b)- What is a Balance Sheet ? How does a Funds Flow Statement differ from a Balance Sheet ? Enumerate the items which are usually shown in a Balance Sheet and a Funds Flow Statement Ans- In financial accounting‚ a balance sheet or statement of financial position is a summary of the financial balances of a sole proprietorship‚ a business partnership‚ a corporation or other business organization‚ such as an LLC or an LLP. Assets‚ liabilities and ownership equity are listed as of a specific
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What are your survival prospect? By: Nuragiyanti Dewi Permatasari 10E Binus Interational Simprug 26 September 2011
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odyArtworks are a reflection of the culture in which they are made. Throughout history‚ artists have manifestly depicted the society that surrounds them and as time has progressed‚ artists have continually alluded to the values and restrictions that society has placed. Manet’s Olympia‚ Judy Chicago’s Dinner Party and Orlan’s Orlan Gives Birth to her Loved Self‚ all represent various ideas and interest through the development of a visual language. As society has evolved‚ the depiction of the human
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The Indian money market is "a market for short-term and Long term funds with maturity ranging from overnight to one year and includes financial instruments that are deemed to be close substitutes of money."[1] It is diversified and has evolved through many stages‚ from the conventional platform of treasury bills and call money to commercial paper‚ certificates of deposit‚ repos‚ FRAs and IRS more recently. The Indian money market consists of diverse sub-markets‚ each dealing in a particular type
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DEMAND AND SUPPLY OF LPG IN INDIA INTRODUCTION According to the latest scenario of the Natural Gas Analysis‚ the Natural Gas market in India is expected to be the one of the fastest growing in the world during the next two decades. Among its segments LPG has made a substantial progress to become the most convenient‚ cost effective and pollution free means of fuel‚ especially in the middle class segment. LPG market in India is not at all versatile and competitive. It’s a part of the Indian
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aspects of the war should be taken in consideration. During the First World War modern‚ heavier and weapons more lethal than ever before were used for the first time. Traditional weapons were redesigned‚ making each soldier deadlier than before. However old tactics going back to the 19th century were used to combat the enemies. The First World War is often referred to as "a 20th century war fought with 19th century tactics". It was the first "world" war in the true sense of the word‚ involving the whole
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He that goes a-borrowing goes a -sorrowing Do not make borrowing a habit as you will suffer for it in the end. ’He that goes a borrowing goes a sorrowing.’ (Benjamin Franklin) To borrow means ’to take and use something that belongs to somebody else‚ and returns it to them at a later time.’ But is this as clear as it’s presented in the dictionary? Does this action lead to unpleasurable consequences? Borrowing is a doomed cause. It ends with its beginning‚ like a closed circle and never lets
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POL2038F—Literature Review How do scholars understand the quality and prospects of Democracy in Nigeria? The fall of the Soviet-Union saw the emergence of democracy becoming the most universally embraced and widely spread form of governance in the world (Ogundiya‚ 2010:204). The question of what makes a country a democracy is much contested by scholars‚ however‚ the concept has widely accepted core principles. These principles include‚ but are not limited to: justice‚ freedom‚ equality‚ transparency
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