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Found 107 Articles for Articles / Tutorial Titles
4K+ Views
Introduction Forfeiture of shares is a process of cancellation of shares by the company. In fact, sometimes, the shareholders have to pay installments for owning the shares. If the shareholder fails to pay these installments, his shares may be forfeited. However, the reasons and process of forfeiture of shares must be included in the article of association. Meaning Forfeiture of Shares Shareholding is a process of ownership of a company. Forfeiture of shares is an action taken by the board of directors of a company to cancel the ownership of a shareholder when they fail to pay the dues for ... Read More
2K+ Views
Introduction India has been an active player in foreign trade from the times before colonial rule. However, the colonization and selfish behavior of the British reduced the large trade market of India to a large extent. Therefore, we must start with the pre-colonization situation to correctly explain the state of foreign trade in India during the historical period. Pre-colonial Period Before the British came to India, India had worldwide fame for its consumer products. India had foreign trade relations with countries such as Portugal since 1500. Vasco Da Gama arrived in Calicut in 1498 and he saw the richness ... Read More
269 Views
Introduction Economic reforms refer to revise of economic policies to strengthen and re-energize the economy Reforms are usually done when the condition of the economy is very weak or when the governments want to re-establish the economy as a resilient one. Economic Reforms encompass changes in economy-wide policies such as tax and competition policies. These Reforms are centered around bringing economic efficiency and are not geared towards eradicating other issues like unemployment or equity growth. In India, economic reforms took place in 1991. India's government was on the verge of bankruptcy in 1985, and as a measure to lift the ... Read More
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Introduction The economy not only became synonymous with global economies of scale but the reforms also established a golden standard for the Indian economy. Since then, the Indian firms got an opportunity to collect foreign funds to improve their financial infrastructures. The economic factors that affect the growth and survival of an organization include inflation, interest rates, price levels, demand, the money supply in the market, etc. These factors may be either a threat or an opportunity for business organizations. The management tries to convert the threats into opportunities for every business. Crucial Factors in Economic Environment The ... Read More
255 Views
Introduction India as a country has many economic challenges. After getting independence from colonial rule, India started its journey as a very poor nation. However, in the later part of the 20th century, it started getting enough progress in the economy due to the liberalization of the economy. India is the fastest growing economy in the world now and some of its products, such as medicine and milk products are getting widespread acceptance in the world. India has distributed Coronavirus vaccines to a lot of countries during the need and it has earned enough reputation among the nations. Current ... Read More
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Introduction In a partnership, there can be two or more partners, and they or may not have equal rights to the overall profit of the firm. Therefore, there are some rules for the distribution of profit among partners in a partnership firm. Most of the distributions in a partnership take place according to the partnership deed. However, when there is no partnership deed, the distribution of profit takes place according to the law where all partners get equal shares of profit. Let’s discuss how this distribution takes place. It must be noted that distributable profits and losses of a ... Read More
10K+ Views
Introduction The diagrammatic representation also helps in having a bird’s eye view or overall view of the differentiation of data. It is a norm to present statistical data in the form of diagrams so that it becomes easier to comprehend and understand them. Therefore, diagrammatic representation is an important tool in statistics. What is a Diagrammatic Presentation of Data? Diagrammatic representation refers to a representation of statistical data in the form of diagrams. The diagrams used in representing statistical data are geometrical figures, such as lines, bars, and circles. The intention of using geometrical figures in statistical presentation is ... Read More
987 Views
Introduction An organization of consumer groups around the world, consumers international is the biggest consumer rights protection body in the world. Consumers international has 250 member organizations from around the world and its head office is located in England. The organization has numerous membership organizations in Asia Pacific, the Middle East, Latin America, and Africa. The organization was established on April 1, 1960, as the International Organization of Consumer Unions (IOCU). It was established by Elizabeth Schadee and Caspar Brook. Schadee later became the chairperson of Netherlands' Consumentenbond and Caspar was the first director of the United Kingdom’s consumer association. ... Read More
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Introduction Right to Information is one of the six rights offered to consumers as mentioned in the Consumers Protection Act (COPRA) first enacted in 1986. Right to Information is different from the Right to Information Act which was enacted in 2005 to offer Indian citizens the right to get information related to various governmental and nongovernmental organizations and their policies, actions, etc. It is important for consumers to have certain information about the products they want to purchase so that they can get the best deal at the most affordable prices. Right to information is a way to get such ... Read More
13K+ Views
Introduction In many instances, consumers need protection and rightful behavior from the end sellers or businesses they buy products from. There are many deceitful businesspeople in the market who follow unethical business practices to cheat customers and earn exaggerating profits by following unlawful and extremely unacceptable business policies. Consumers need to know their rights and responsibilities to thwart such businesses. The sellers of goods would be cautious and follow rules if the consumer is aware of his rights. That is why consumer awareness is a meaningful topic in today’s lives. The meaning of consumer awareness is changing fast with the ... Read More