months. These views of experts cannot be wished away since weak health of the economy is being mirrored by withering economic indicators‚ such as low Gross Domestic Product (GDP) due to very low annual growth rate of our economy (2%)‚ rising fiscal deficit (5.8% of total size of economy)‚ inflation (15%)‚ lowest tax to GDP ratio in the world (9%)‚ rise in foreign debts and government’s internal borrowings from the State Bank‚ rupee losing its value against dollar consistently‚ government’s failure in
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9.1 Overview of procedure The procedure followed by Government of India for disinvestment seeks to promote administrative simplicity and speed of decision-making without compromising on transparency and fair play. The process is as follows: · Proposals for disinvestments in any PSU‚ based on the recommendations of the Disinvestment Commission or in accordance with the declared Disinvestment Policy of the Government‚ are placed for consideration of the Cabinet Committee on Disinvestment
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reforms were implemented during the 1980s. Relaxation of controls over capacity utilization‚ imports of capital goods and spare parts‚ Efficiency gains‚ liberalization of the trucking industry. By the end of the decade‚ the central government fiscal deficit increased rapidly‚ to 8.5 percent of GDP at its peak in 1986-87‚ a level never reached since and the debt to GDP ratio reached levels from which it has not yet recovered. Indian Reforms‚ 1991-2001 A new Government came to power on June 21
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physical access to services and the quality of services provided is leading to a citizen satisfaction gap. Some observers attribute India’s governance problems to its democracy. Goldman Sachs thinks it is the malpractice of democracy—or the ‘democracy deficit’—that is the cause of the problem. A well-functioning democracy should allow citizens to have more voice in evaluating the quality of services they receive‚ for governments and service providers to be accountable‚ and for citizens to pay directly
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The struggle with prior knowledge Deficit Prior knowledge comes from visual experiences‚ seeing those mental pictures of a subject. Prior knowledge comes before understanding what readers read‚ or understanding the subject. A deficit in prior knowledge inhibits student learning by taking away their educational experiences and replacing them with standardized testing. To begin with‚ prior knowledge plays an important role in enabling students to learn to read‚ and to read to learn. First‚ learning
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fashioned give and take‚ is at the heart of Congress today. The Collective Action Principle could not be seen any clearer than in the debt ceiling debate in Congress that led to the forming of the ‘Super Committee’ designed to bring the national deficit down. This past summer‚ the country was facing what many households have been facing for some time now‚ hitting the debt ceiling. This would have meant that the country was no longer able to pay its bills and would take a serious hit on its credit
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FISCAL CONTROL BOARDS Origins and Structures of Fiscal Control Boards Understanding the origins and the structure of fiscal control boards is crucial in this discussion‚ since it provides a framework for this mechanism. The Harvard Law Review argues that municipal financial problems and state responses to them are not new phenomena because cities throughout the nation have faced urban fiscal crisis since the 1800’s (Harvard Law Review 1997). Moreover‚ the study defines urban fiscal crisis
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ALTERNATIVE FINANCING PLANS Current assets – permanent current assets = temporary current assets $800‚000 – $350‚000 = $450‚000 Short-term interest expense = 5% [$450‚000 + ½ ($350‚000)] = 5% ($625‚000) = $31‚250 Long-term interest expense = 10% [$600‚000 + ½ ($350‚000)] = 10% ($775‚000) = $77‚500 Total interest expense = $31‚250 + $77‚500 = $108‚750 Earnings before interest and taxes $200‚000 Interest expense 108‚750 Earnings before taxes $ 91‚250 Taxes
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Mercantile Bank Limited SME Financing Division Mercantile Bank Limited has designed and developed four loan products to meet up all types of justified business requirements of SME customers. However‚ the features of the products so far developed may be changed‚ revised‚ while new products can also be developed to cope with the market demand as per guidelines of Bangladesh Bank and the Bank’s own policy. The products are: CHAKA “PvKvÓ (Term Loan). ANANNYA “Abb¨v” (Women Entrepreneur’s Loan)
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delete it! (If it‟s mentioned above‚ don‟t re-write it.) As you edit‚ be thoughtful about word choice. Avoid statements that are over the top (“It is imperative for Gap to redesign their stores.”) Choose your words with precision. Is the US budget deficit large‚ huge‚ enormous‚ or unconscionable? Most ugba-10 papers contain many good ideas‚ but suffer from terrible organization. The most common problem is to have a single idea fall across several different paragraphs. The second most common problem
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