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Selvas, Rain forest, or Evergreen forest are the other names for equatorial rain forests. Explanation: Equatorial rain forest is a tropical rain forest found in the Amazon basin of South America. Equatorial regions cover around 6% of the earth’s surface and are positioned in a belt around the globeRead more
Sixty-First Amendment Act, 1989 Reduced the voting age from 21 years to 18 years for the Lok Sabha and state legislative assembly elections.
Sixty-Ninth Amendment Act, 1991 Accorded a special status to the Union Territory of Delhi by designing it as the National Capital Territory of Delhi. The amendment also provided for the creation of a 70-member legislative assembly and a 7-member council of ministers for Delhi.
Seventy-Third Amendment Act, 1992 Granted constitutional status and protection to the Panchayati raj institutions. For this purpose, the Amendment has added a new Part-IX entitled “The panchayats” and a new Eleventh Schedule containing 29 functional items of the panchayats.
Seventy-Eighth Amendment Act, 1995 Included 27 more land reforms Acts of various states in the Ninth Schedule. With this, the total number of Acts in the Schedule increased to 282. But the last entry is numbered 284.
Seventy-Ninth Amendment Act, 1999 Extended the reservation of seats for the SCs and STs and special representation for the Anglo-Indians in the Lok Sabha and the state legislative assemblies for a further period of ten years (i.e., up to2010).
Eighty-First Amendment Act, 2000 Empowered the state to consider the unfilled reserved vacancies of a year as a separate class of vacancies to be filled up in any succeeding year or years. Such class of vacancies is not to be combined with the vacancies of the year in which they are being filled upRead more
Cost Push Inflation Cost push inflation is inflation caused by an increase in prices of inputs like labor, raw material, etc. The increased price of the factors of production leads to a decreased supply of these goods. While the demand remains constant, the prices of commodities increase causing a rRead more
Debt Equity Ratio The debt-equity ratio is a measure of the relative contribution of the creditors and shareholders or owners in the capital employed in the business. Simply stated, the ratio of the total long-term debt and equity capital in the business is called the debt-equity ratio.
Net Interest Income Net interest income (NII) is the difference between the interest income a bank earns from its lending activities and the interest it pays to depositors