CONSTITUTION OF MAURITIUS Chapter I – THE STATE AND THE CONSTITUTION Article1.The State Mauritius shall be a sovereign democratic State‚ which shall be known as the Republic of Mauritius. Article 2.Constitution is supreme law This Constitution is the supreme law of Mauritius and if any other law is inconsistent with this Constitution‚ that other law shall‚ to the extent of the inconsistency‚ be void. Chapter II – PROTECTION OF FUNDAMENTAL RIGHTS AND FREEDOMS OF THE INDIVIDUAL Article 3.Fundamental
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Culture of Mauritius: I chose the culture of Mauritius because I saw a documentary about the isle some months ago and I was caught by the beautiful landscape as well as the amount of endemic plants and animals from the island. Mauritius is an island state in the southwest of the Indian Ocean near Madagascar. The capital city of the main isle is called Port Louis. The slogan of Mauritius is: “Stella clavisque Maris Indici”. This is Latin and can be translated as “star and key of the Indian Ocean”
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Sustainable Mauritius Brundtland report (1987) has defined the term sustainable development as the development that meets the needs for the present without compromising the ability of the future generations to meet their own needs Sustainable development and planning is structured essentially around 3 elements: economic growth‚ social development and environmental protection. While development is associated with social development‚ it is also associated with environmental disasters if the development
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What is GM’s foreign exchange hedging policy? GM’s foreign exchange hedging policy has three primary objectives. Its first objective is to reduce cash flow and earnings volatility. Specifically‚ management hedges the company’s transaction exposures and consciously ignores any balance sheet exposures (translation exposures). Second‚ GM aims to minimize the management time and costs dedicated to global FX management. The company employs a passive FX management strategy since an internal study
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HISTORY OF MAURITIUS Mauritius was discovered by the Portuguese in 1507 and was later occupied by the Dutch‚ from 1598 up until 1710. In 1715‚ it came into the possession of the East India Company and in 1767‚ that of the King of France‚ who christened it ‘Ile de France’. Captured by the British in 1810 and then acknowledged by the Treaty of Paris in 1814‚ the British allowed the French settlers to use their language and their civil code. Many of the settlers remained and made up a group of Franco-Mauritian
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Mauritius sets up committee to evaluate the Euro crisis APA - Port Louis (Mauritius) The Mauritius government has set up a crisis committee in order to evaluate the crisis that is presently hitting the Euro Zone and its effects on the local economy‚ APA learns in the Mauritian capital Port Louis on Friday. At a meeting held Friday in Port Louis‚ the Finance Minister Pravin Jugnauth indicated that the Euro has reached its lowest rate of exchange in relation to the US Dollar‚ and that such a
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Derivatives and Hedging Assignment: Hedging Strategy comprised of GM stock and 3.5% is comprised of Ford stock. Assume that GM and Ford are the only automobile industry holdings in the portfolio. Assume that you are bearish on the automobile industry over the next six months and neutral to bullish on all other industries. Utilizing derivatives create a hedging strategy to protect the portfolio over the next six months from your bearish automobile industry outlook. Risk management is defined
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Inflation in Mauritius | Inflation is the overall general upward price movement of goods and services in an economy‚ usually as measured by the Consumer Price Index and the Producer Price Index. Substantial rise in the general level of prices related to an increase in the volume of money and resulting in the loss of value of currency. Types of Inflation There are four main types of inflation. The various types of inflation are briefed below. Wage Inflation Wage inflation is also called
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LIST OF APPROVED NGOs |S/N |Name |Address |Tel/Fax No |Date of Registration |Registration Number |Contact Person |Field of Activities | | |Action Familiale |Royal Road |Tel: 464 3512 |1964 |Ordinance 1964 |President: Mr J. Sauvages |Promote natural family planning among|
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convertibility of the rupee. Currently forwards‚ swaps and options are available in India and the use of foreign currency derivatives is permitted for hedging purposes only. This study aims to provide a perspective on managing the risk that firm’s face due to fluctuating exchange rates. It investigates the prudence in investing resources towards the purpose of hedging and then introduces the tools for risk management. These are then applied in the Indian context. The motivation of this study came from
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