Ninth Finance Commission
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Ninth Finance Commission
The Ninth Finance Commission of India was set up in June 1987 under the chairmanship of Mr. N.K.P Salve. Members The members of the Commission were: * Shri N.K.P. Salve, Chairman * Shri Justice Abdus Sattar Qureshi * Dr. Raja J. Chelliah * Shri Lal Thanhawla, resigned on 24 January 1989 * Shri Mahesh Prasad, Member Secretary, resigned during the term of the Commission * Shri S. Venkitaramanan, joined in place of Shri Lal Thanhawla on 3 May 1989 * Shri Venkitaramanan, resigned as Member of the Finance Commission on his appointment as Adviser to the Government of Karnataka * Shri R. Keishing, assumed charge as part-time Member of the Commission with effect from 25 November 1989. * Shri K.V.R. Nair, appointed as Member Secretary in place of Shri Mahesh Prasad from 13 July 1989 Terms of Reference The Commission was asked to adopt a normative approach in assessing the receipts and the expenditures on the revenue account not only of the states but also of the centre with due regard ...
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Abdus Sattar Qureshi
Abdul (also transliterated as Abdal, Abdel, Abdil, Abdol, Abdool, or Abdoul; ar, عبد ال, ) is the most frequent transliteration of the combination of the Arabic word '' Abd'' (, meaning "Servant") and the definite prefix '' al / el'' (, meaning "the"). It is the initial component of many compound names, names made of two words. For example, , ', usually spelled ''Abdel Hamid'', ''Abdelhamid'', ''Abd El Hamid'' or ''Abdul Hamid'', which means "servant of The Praised" (God). The most common use for ''Abdul'' by far, is as part of a male given name, written in English. When written in English, ''Abdul'' is subject to variable spacing, spelling, and hyphenation. The meaning of ''Abdul'' literally and normally means "Slave of the", but English translations also often translate it to "Servant of the". Spelling variations Variations in spelling are primarily because of the variation in pronunciation. Arabic speakers normally pronounce and transcribe their names of Arabic ori ...
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Raja J
''Raja'' (; from , IAST ') is a royal title used for South Asian monarchs. The title is equivalent to king or princely ruler in South Asia and Southeast Asia. The title has a long history in South Asia and Southeast Asia, being attested from the Rigveda, where a ' is a ruler, see for example the ', the "Battle of Ten Kings". Raja-ruled Indian states While most of the Indian salute states (those granted a gun salute by the British Crown) were ruled by a Maharaja (or variation; some promoted from an earlier Raja- or equivalent style), even exclusively from 13 guns up, a number had Rajas: ; Hereditary salutes of 11-guns : * the Raja of Pindrawal * the Raja of Morni * the Raja of Rajouri * the Raja of Ali Rajpur * the Raja of Bilaspur * the Raja of Chamba * the Raja of Faridkot * the Raja of Jhabua * the Raja of Mandi * the Raja of Manipur * the Raja of Narsinghgarh * the Raja of Pudukkottai * the Raja of Rajgarh * the Raja of Sangli * the Raja of Sailana * th ...
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Lal Thanhawla
Lal Thanhawla (born 19 May 1938 or 1942) is an Indian politician and former Chief Minister of Mizoram, belonging to the Indian National Congress party. He holds the record for longest-serving Chief Minister of Mizoram, occupying the position for five terms: 1984 to 1986, 1989 to 1993, 1993 to 1998, 2008 to 2013, and 2013 to 2018. He served as President of the Mizoram Pradesh Congress Committee from 1973 to 2021. His electoral constituencies were Serchhip and Hrangturzo from where he successfully contested the Mizoram Legislative Assembly elections nine times, in 1978, 1979, 1984, 1987, 1989, 1993, 2003, 2008, and 2013. Early life Lal Thanhawla is the son of Hmartawnphunga Sailo and Lalsawmliani Chawngthu. He completed matriculation in 1958. He passed his intermediate examination (higher secondary) in arts in 1961. Thereafter, he studied BA at Pachhunga University College (then Aijal College), which was then affiliated to Gauhati University. He graduated in 1964. Career Lal T ...
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Mahesh Prasad
Mahesh may refer to: * A title of Shiva, a Hindu deity * Mahesh (name) The name Mahesh (/mahe-sh/) is short version of a name of Sanskrit origin, Maheswara or Umamaheswara, meaning "GREAT RULER " (Mahaa + Ishwar). It is a popular name for Hindu boys as it is one of the names of Shiva. People with the name include: T ..., personal name * Mahesh, Serampore, a place in West Bengal, India {{disambiguation, geo ...
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Venkitaramanan
Sri Venkitaramanan was the eighteenth Governor of the Reserve Bank of India. He served for a period of 2 years, from 1990 to 1992. Earlier, he served as Finance Secretary in the Ministry of Finance, from 1985 to 1989. Venkitaramanan is seen by many as a brilliant crisis manager of the balance of payments crisis in India in the late 1980s and early 1990s. His timely and decisive action laid the ground work for India salvaging the crisis, at a time when India's foreign-exchange reserves had almost depleted. Early life and background Venkitaramanan was born at the town of Nagercoil in Padmanathapuram division of the princely-state of Travancore, to a Tamil Iyer family. He completed his master's degree in Physics from University College Thiruvananthapuram, Kerala and also earned a master's degree in Industrial Administration from Carnegie Mellon University, Pittsburgh, USA. IAS Venkitaramanan was a member of the Indian Administrative Service. He was posted with the Government o ...
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Government Of Karnataka
The Government of Karnataka, abbreviated as, GoK, or simply Karnataka Government, is a democratically-elected state body with the governor as the ceremonial head to govern the Southwest Indian state of Karnataka. The governor who is appointed for five years appoints the chief minister and on the advice of the chief minister appoints his council of ministers. Even though the governor remains the ceremonial head of the state, the day-to-day running of the government is taken care of by the chief minister and his council of ministers in whom a great amount of legislative powers are vested. Administrative divisions Karnataka State has been divided into 4 revenue divisions, 49 sub-divisions, 31 districts, 237 taluks, 747 hoblies/ revenue circles and 6,022 gram panchayats for administrative purposes. The state has 281 towns and 7 municipal corporations. Bangalore is the largest urban agglomeration. It is among the fastest growing cities in the world. Political and administrative ...
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State Governments Of India
State governments in India are the governments ruling over 28 states and 8 union territories of India and the head of the Council of Ministers in a state is the Chief Minister. Power is divided between the Union government and state governments. While the Union government handles defence, external affairs etc., the state government deals with internal security and other state issues. Income for the Union government is from customs duty, excise tax, income tax etc., while state government income comes from sales tax (VAT), stamp duty etc.; now these have been subsumed under the various components of the Goods and Services Tax Each state has a legislative assembly. A state legislature that has one house - State Legislative Assembly (Vidhan Sabha) - is a unicameral legislature. A state legislature that has two houses - the State Legislative assembly and State Legislative Council (Vidhan Parishad) - is a bicameral legislature. The Vidhan Sabha is the lower house and corresp ...
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Government Of India
The Government of India (ISO: ; often abbreviated as GoI), known as the Union Government or Central Government but often simply as the Centre, is the national government of the Republic of India, a federal democracy located in South Asia, consisting of 28 union states and eight union territories. Under the Constitution, there are three primary branches of government: the legislative, the executive and the judiciary, whose powers are vested in a bicameral Parliament, President, aided by the Council of Ministers, and the Supreme Court respectively. Through judicial evolution, the Parliament has lost its sovereignty as its amendments to the Constitution are subject to judicial intervention. Judicial appointments in India are unique in that the executive or legislature have negligible say. Etymology and history The Government of India Act 1833, passed by the British parliament, is the first such act of law with the epithet "Government of India". Basic structure The gover ...
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Capital Investment
Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is to generate a return from the invested asset. The return may consist of a gain (profit) or a loss realized from the sale of a property or an investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a combination of capital gain and income. The return may also include currency gains or losses due to changes in the foreign currency exchange rates. Investors generally expect higher returns from riskier investments. When a low-risk investment is made, the return is also generally low. Similarly, high risk comes with a chance of high losses. Investors, particularly novices, are often advised to diversify their portfolio. Diversification has the statistical effect o ...
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Consolidated Fund Of India
In many states with political systems derived from the Westminster system, a consolidated fund or consolidated revenue fund is the main bank account of the government. General taxation is taxation paid into the consolidated fund (as opposed to hypothecated taxes earmarked for specific purposes), and general spending is paid out of the consolidated fund. The British Consolidated Fund Establishment The British Consolidated Fund was so named as it consolidated together a number of existing accounts, detailed below, and facilitated proper parliamentary oversight of the spending of the executive; it was defined as "one fund into which shall flow every stream of public revenue and from which shall come the supply of every service". The Treasury established this account, formerly known as The Account of His Majesty's Exchequer, at the Bank of England where it remains to this day, and the legal term "Consolidated Fund" refers to the amount of credit held in this particular account. ...
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National Insurance Fund
The three British National Insurance Funds hold the contributions of the National Insurance Scheme, set up by the Government of the United Kingdom in 1911. It was reformed in 1948 and assumed broadly its current form in 1975, when the separate National Insurance (Industrial Injuries) and National Insurance (Reserve) Funds were merged with it. In the William_Beveridge#Main_work_on_social_security, Beveridge Report this was the basis of a universal insurance system for all British people. "first and foremost a plan of insurance – of giving in return for contributions benefits up to subsistence levels, as of right and without means test, so that individuals may build freely upon it". There are the National Insurance Fund of the United Kingdom, for Great Britain (England and Wales and Scotland), the National Insurance Fund of Northern Ireland, and the Isle of Man National Insurance Fund. The United Kingdom (for England, Wales and Scotland only) The money is held in the National I ...
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