people were evacuated and were relocated to shelters across the country. According the article” Economic impacts from Hurricane Katrina were also considerable. Tens of thousands of jobs were lost due to severely damaged or destroyed businesses and supporting infrastructure. Major highways in and around New Orleans were damaged or destroyed‚ disrupting commerce. Katrina had a profound impact on the southeast Louisiana/Mississippi oil and gas industry‚ which accounts for nearly 30 percent of total
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Impact of Fuel Price Deregulation in India Introduction Empowered group of Ministers on Friday‚ 25th June 2010‚ took a decision to decontrol the petrol prices increasing it by 3.50 per litre & that of kerosene by Rs 3 a litre. While petrol is mainly used by the middle class for cars‚ kerosene is used by the poor for power. Diesel prices rose by Rs 2 per litre and might be freed up in the future. Cooking gas prices were raised by Rs 35 a cylinder. Govt. has indeed taken a bold step by deciding
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Impacts of Family Traditions and Religion in India Family traditions and religion greatly impact the lives of many people in India. These elements of culture are reasons that form the way that Indians lead their lives. Both factors make up what type of person that individual will become. That is the reason why religion and family traditions are so valued in Indian society. Religion is probably the most definitive factor in the way that an Indian will lead his life‚ particularly if they practice
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Economic Reforms of the Banking Sector In India Indian banking sector has undergone major changes and reforms during economic reforms. Though it was a part of overall economic reforms‚ it has changed the very functioning of Indian banks. This reform have not only influenced the productivity and efficiency of many of the Indian Banks‚ but has left everlasting footprints on the working of the banking sector in India. Let us get acquainted with some of the important reforms in the banking sector
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Pattern and Sources of Economic Growth‚ comparison between Bangladesh and India. Introduction: GDP (Gross Domestic Product) is indicator of a nation’s economic Growth- Measured by the market value of all officially recognized final goods and services produced within a country in a given period. Through GDP growth we can measure the economic growth‚ especially very much useful indicating tools for measuring growth in the least developed countries (LDCs)‚ like Bangladesh‚ Haiti‚ Samoa‚ Afghanistan
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history is British Imperialism in India. Though the situation did not turn out how Great Britain intended‚ it is ultimately what cost them the rule over India. The British originally went into India with the hopes of helping them to come together and act as one. They planned to do this through a long chain of events that included creating a country where everyone spoke the same language as their leader. There were many positive and negative aspects that went along with British Imperialism in India. The
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Financial Management Term Paper How the American dollar ($) impacts India‚ a general report By Samarth Bahl Since‚ 1991 when the then Indian government was run by the Indian National Congress (INC)‚ the political party instituted a plan to implement economic reforms‚ short and long term to bring the country out of its quagmire‚ to this end the value of the dollar has played a key role in the economic fortunes of India. This is due to the fact that the dollar has been the world ’s most
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What determines whether or not a resource is scarce? Why is the concept of scarcity important to the definition of economics? The determination of whether a resource is scarce is its supply in relation to demand such as land‚ labor capital and human capital. If there is not sufficient amount of resource to satisfy the demands‚ then resources are set to be scarce. On the other hand if supply exceeds it demand‚ then the resource is not scare not only that if the supply of a goods or service is low
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Euro-Zone crisis and its impact on the Indian Economy EUROPEAN UNION “The European Union (EU) is an economic and political entity and confederation[1][2] of 27 member states which are located primarily in Europe.” “Austria‚ Belgium‚ Bulgaria‚ Cyprus‚CzechRepublic‚ Denmark‚ Estonia‚ Finland‚ France‚ Germany‚ Greece‚ Hungary‚ Ireland‚ Italy‚ Latvia‚ Lithuania‚ Luxembourg‚Malta‚the Netherlands‚ Poland‚ Portugal‚ Romania‚ Slovakia‚ Slovenia‚ Spain‚ Sweden‚ and the United Kingdom.[3] The Union ’s
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The KYOTO Protocol The Kyoto protocol is an international agreement linked to the United Nations Framework Convention on Climate Change. The major feature of the Kyoto protocol is that it sets binding targets for 37 industrialized countries and the European community for reducing greenhouse gas (GHG) emissions. These amount to an average of five percent against 1990 levels over the five year period 2008-2012. The major difference between the Protocol and the Convention is that while the Convention
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