CHAPTER 1 MONETARY POLICY INSTRUMENTS- AN INTRODUCTION Money plays a dominant role in the life of human society. It has fashioned and shaped the destiny and fortunes of kings and rulers. With the rise of the philosophy of laissez faire and capitalism‚ money became a motivating force and fuel to all economic activities throughout the world. Money and its management were not unknown to the ancient India. Kautilaya had devoted a part of his famous ‘Arthasastra’ on money
Premium Monetary policy Central bank
FAMOUS CASES ON NEGOTIABLE INSTRUMENTS ACT* LIABILITY OF PAYING BANKER WHEN CUSTOMER’S SIGNATURE ON CHEQUE IS FORGED 1. When the customer’s signature on the cheque is forged there is no mandate to the bank to pay. As such a banker is not entitled to debit the customer’s account on such forged cheque. In Canara Bank vs. Canara Sales Corporation and Others [(1987)2 Supreme Court Cases 666] the company has a current account with the bank which was operated by the Company’s Managing Director
Premium Cheque Bank Credit card
The Chance for Peace speech was an address given by U.S. President Dwight D. Eisenhower on April 16‚ 1953‚ shortly after the death of Soviet dictator Joseph Stalin. Speaking only three months into his presidency‚ Eisenhower likened arms spending to stealing from the people‚ and evoked William Jennings Bryan in describing "humanity hanging from a cross of iron." Although Eisenhower‚ a former military man‚ spoke against increased military spending‚ the Cold War deepened during his administration and
Premium World War II Cold War Soviet Union
The Negotiable Instrument Act 1881 Compiled By Neelakshi Jaidka OBJECTIVES After reading this lesson‚ you should be able to- • Understand meaning‚ essential characteristics and types of negotiable instruments; • Describe the meaning and marketing of cheques‚ crossing of cheques and cancellation of crossing of a cheque; • Explain capacity and liability parties to a negotiable instruments; and • Understand various provisions of negotiable instrument Act‚ 1881 regarding negotiation‚ assignment
Premium Promissory note
NEGOTIABLE INSTRUMENTS LAW DEFINITIONS: 1) PROMISORY NOTE – It is an unconditional promise in writing made by one person to another‚ signed by the maker‚ engaging to pay on demand‚ or at a fixed or determinable future time‚ a sum certain in money‚ to order or to bearer. (Sec. 184‚ NIL) 2) BILL OF EXCHANGE – It is an unconditional order in writing‚ addressed by one person to another‚ signed by the person giving it‚ requiring the person to whom it is addressed‚ to pay on demand‚ or a fixed or determinable
Premium Promissory note Cheque
..Problem Statement: How can Texas Instruments maintain market share and profitability while other companies are conforming to global pricing systems? Company Assessment: Financial Assessment: Throughout the 1980’s‚ Texas Instruments was the leader in sales for the semiconductor manufacturing industry. In 1980‚ TI recorded sales of $1.453 million. However‚ by 1985 competition became more intense and Motorola (along with NEC) became the industry leaders in the semiconductor market. By 1992
Premium Semiconductor Marketing Integrated circuit
monotheistic religions are sometimes described as branches of the same family tree. If this is true‚ how would you describe the trunk of the tree? The trunk is Judaism‚ It was the original religion of the god of Abraham. And Christianity branched it off about 2‚000 years later‚ and the Islam branched off from those for about 700 years after that. 3. How are the three major holy books of the monotheistic faiths both similar and different? Judaism‚ Islam‚ Christianity. All three religions are strictly
Free Christianity Judaism God
The Incas religion the Inca civilisation was a colony of millions and stayed that way because of their religion and the name inca came from a king he was descended from inti the sun god Competing gods + christianinity The most powerful god of the Inca religion was Viracocha he was believed the creator of the universe the Inca are more closely associated with Viracocha’s most god Inti the sun god The Inca leader Pachacuti the patron god of the Incas sacred city Cuzco‚ and erected a magnificent Temple
Premium Marriage Family Gender
a Musical Instrument is an Important Hobby Audience: Students just starting secondary school. I don’t know how many of you play an instrument‚ but I personally have been playing the drums for just about two years now. Although I don’t play in a band or even have a strict practising routine I find them to be a key part of my life now‚ something that I would find very difficult to live without. As you are starting secondary school‚ this is an ideal time to start playing an instrument. Not necessarily
Premium Musical instrument Orchestra Drum
The definition of religion has long been debated. Many argue what it means to be considered one‚ and consequently there is not a unified meaning of the word religion. It seems to be a matter of preference. Some think it is an ultimate transformation while others think it is the worshipping of what is sacred to them. However‚ I feel that no matter how one slices their own definition of religion‚ they cannot categorize Confucianism as such. Rather‚ I feel that it fits under the category of an ethical
Premium Religion Christianity Faith