Taxation is the major instrument in the hand of the modern Governments to raise finance to meet expenditure done on various public services. It is a compulsory obligation on the people and the payment of which is the legal duty of the citizens. It may be on their property‚ income and even it may be required to pay at the time of manufacturing and selling or purchasing a commodity. Tax constitute the major source of the government’s income Meaning of Tax The tax is compulsory payment to the
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Essay on Indian Education System To strengthen the Indian Education System‚ an educational policy was adopted by the Indian Parliament in 1968. Education was made an important and integral part of the national development efforts. After independence there has been an effort to spread education to all levels of Indian society. Statistics point to the fact that 99 per cent of children in age group 6-11 years have been enrolled in school. However‚ to bring the remaining into the ambit of universal
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republic." It has 28 states and seven Union Territories. With a population of approximately 112 crore‚ India happens to be the largest democracy in the world. Indian polity is a multi-party democracy‚ based on the adult franchise system of voting. That is any Indian citizen of 18 and above‚ who is not debarred by law‚ can vote in the Indian elections‚ at national‚ state and local levels. India is a parliamentary democracy and a federal parliamentary representative democratic republic‚ where the Prime
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A Profile of the Indian Education System Gretchen Rhines Cheney‚ Betsy Brown Ruzzi and Karthik Muralidharan Paper prepared for the New Commission on the Skills of the American Workforce November 2005 ©National Center on Education and the Economy‚ 2006 A Profile of the Indian Education System Gretchen Rhines Cheney Betsy Brown Ruzzi and Karthik Muralidharan November 2005 India‚ with more than a billion residents‚ has the second largest education system in the world (after China)
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Indian Legal System The Indian Legal System is one of the oldest legal systems in the entire history of the world. It has altered as well as developed over the past few centuries to absorb inferences from the legal systems across the world. The Constitution of India is the fountainhead of the Indian Legal System. It demonstrates the Anglo-Saxon character of judiciary which is basically drawn from the British Legal System. The primary origins of law: * The Indian Constitution * The Indian
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India has a long history of organized education. The Gurukul system of education is one of the oldest on earth but before that the guru shishya system was extant‚ in which students were taught orally and the data would be passed from one generation to the next. Now everything has changed. New method of education has taken the Indians to the next level. Thus it improved the knowledge and innovative ideas has come up in the minds of the Indians. II. Types of Education There are different types of
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The Indian caste system describes the system of social stratification and social restrictions in India in which social classes are defined by thousands of endogamous hereditary groups‚ often termed jātis or castes. Within a jāti‚ there exist exogamous groups known as gotras‚ the lineage or clan of an individual. In a handful of sub-castes such as Shakadvipi‚ endogamy within a gotra is permitted and alternative mechanisms of restricting endogamy are used (e.g. banning endogamy within a surname). The
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Issue 2 Summer 2008 - Global Challenges & the Indian Legal System 3-2-2009 Article 8 The Indian Legal System B. N. Srikrishna Chairman of the Sixth Pay Commission of the Government of India Follow this and additional works at: http://scholarship.law.cornell.edu/ijli The International Journal of Legal Information is produced by The International Association of Law Libraries. Recommended Citation Srikrishna‚ B. N. (2008) "The Indian Legal System‚" International Journal of Legal Information:
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Indian Financial System Introduction Financial system plays a very important role in the development of the country. It is through the financial system that funds get transferred from funds surplus to funds deficient sectors of the country. The fund surplus parts of the economy essentially include households while fund deficient parts of the economy include businesses and government. The financial system acts as an intermediary through which funds are channelized from one part of the economy to
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FINANCIAL MANAGEMENT ASSIGNMENT ON INDIAN FINANCIAL SYSTEM & SOURCES OF LONG TERM AND SHORT TERM FINANCES SUBMITTED BY‚ PREMJITH.A
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