Food prices in South Africa have increased by over 10% within the last year. This has a negative effect on the people with a lower income and who need to spend more of their total income on food. The cost of the standard South African food basket‚ which is expressed as a share of the average monthly income for the poorest 30% of the population has increased from 32.4% in October of 2010 to 36.4% in October 2011. Some of the determinants of the increased food prices occurred due to higher administered
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laws‚ regulations‚ traditions and practices for managing government finances in order to achieve macro-fiscal stability (real growth with low inflation‚ no payment arrears‚ sustainable debt‚ etc.)‚ an optimal allocation of resources (increased social welfare)‚ efficiency of public spending (more public goods and services at lowest market prices)‚ and good governance (transparency and accountability). PFM regulates procedures that apply in four broad areas: budget‚ treasury‚ accounting‚ and control
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and N.U. Ekpo Department of Economics‚ University of Uyo‚ Uyo‚ Nigeria Abstract: Unemployment in Nigeria is alarming. Its measurement by statistical authorities does not pose red alert. It has been discovered that the observed situation of unemployment is more serious than what official statistics want us to believe. The aim of this study is to examine unacceptable unemployment rate in Nigeria. Our findings show that labor force in Nigeria grows at more or less a steady rate of 0.3% every year while
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right balance in their lives. Confucius felt that if equilibrium could be restored to the individual‚ then order could be restored to the family‚ to other relationships‚ to the state‚ to the world‚ and to the universe. He described the superior man as being one who could maintain centrality and universality. According to Confucius‚ “When a man pursues the Way and yet remains away from man‚ his course cannot be considered the Way.” I believe this means that if one attempts to pursue balance to better
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“Balance” One fine evening‚ while walking to my friend’s place enjoying the beautiful climate & cool breeze‚ making one to be there walking or standing still to enjoy it‚ I saw a group of kids riding their bicycles like a gang & roaming. A huge van came in the opposite direction‚ which meant they had to make space‚ which they have been occupying so far‚ for the monster vehicle. Due to sudden change of course or rough terrain‚ one of the kids lost his balance & fell to the safe side
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Applications (0975 – 8887) Volume 55– No.10‚ October 2012 Online Payment – Innovation in Split Tender Payment R Nagasubramanian Research Scholar‚ Vels University‚ Plot 2A‚ Andavar Street‚ Ganapathy Puram‚ Chrompet‚ Chennai – 600 034 S.P.Rajagopalan‚ PhD. GKM College of Engineering & Technology‚ Chennai- 600 063‚ India ABSTRACT Online Payment is the fastest and secured way of making payments for various purposes like making utility payments‚ transferring funds and making purchases online. This paper
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The economy of Nigeria is a middle income‚ mixed economy emerging market with well-developed financial‚ legal‚ communications‚ transport‚ and entertainment sectors. It is ranked 31st in the world in terms of GDP (PPP) as of 2009‚ and its emergent‚ though currently underperforming manufacturing sector is the second-largest on the continent‚ producing a large proportion of goods and services for the West African region. Previously hindered by years of mismanagement‚ economic reforms of the past
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Price Price which means that the amount of payment for goods and services given in money term. Price also is the total values for consumers exchange for the benefit for their satisfaction by using or having the product or service. Price decisions must focus on product design‚ promotion costs‚ distribution and more mixed‚ forming a valid imploded marketing plan. In arrange the price of a product‚ marketers must use the pricing strategy. However‚ use the pricing strategy not only can fascinate more
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TAXATION AND FISCAL REGULATIONS IN NIGERIA INTRODUCTION The Nigerian Tax System has undergone significant changes in recent times. The Tax Laws are being reviewed with the aim of repelling obsolete provisions and simplifying the main ones. Under current Nigerian law‚ taxation is enforced by the 3 tiers of Government‚ i.e. Federal‚ State‚ and Local Government with each having its sphere clearly spelt out in the Taxes and Levies (approved list for Collection) Decree‚ 1998. Of importance at this juncture
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Economic Crisis in Nigeria. NIGERIA. (google)The evolution of Nigeria was from about 1849 until it attained independence in 1960. During this period a lot of events occurred‚ and is largely the story of the great impact of the British on the Nigerian people. The colonial authorities (British) sought to define‚ protect and realize their imperial interest in the portion of West Africa because of its endowment with natural resources‚ apparently this occurred about hundred years ago. The British was
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