National Academies for Arts and Science in INDIA

In this article i am going write about the academies established by the Indian Government for encouragement of art, culture and literature.

Lalit Kala Akademi: It is developed to the promotion of the study and research in painting, sculpture, architecture and the applied arts.

Sangeet Natak Akademi: Its main task is the survey of and research in different art forms of India. It records and films the art forms. It organises and sponsors seminars and festivals to develop art. It also establishes new art institutions.

Sahitya Akademi: It aims at fostering and co-ordinating literary activities in all the Indian languages and thus to promote through them the cultural unity of the country.

Common teminologies: Part3

Ambassadors and High Commissioners: Ambassadors are diplomatic representatives of the ministerial rank posted by one country to another. When such envoys are exchanged between countries belonging to the Commonwealth, they are called High Commissioners.

Surety and Security: Surety means a personal undertaking to be bound for another, whereas security means a pledge and a guarantee, a right conferred on a creditor to make him sure of recovery. It may also mean bonds or certificates executed in evidence of debt or property.

Summons Case: A summons case is a case in which a person, irrespective of the fact whether he is accused of an offence or not is called upon to appear before any court or before any other officer having the authority to issue summons.

Warrant Case: A warrant case is a case in which a person accused of an offence is required to be arrested and produced in a court of law or such other authority as may be competent to issue a warrant or arrest.

Common teminologies: Part2

Share price: The market price of a unit of a company's equity capital is called share price. In a competitive market it is equal to the net present value of the expected future dividend. If annual dividend is devoted by 'D' and the rate of discount by 'i', the share price is equal to 'D' divided by 'i'.

i.e Share price = annual dividend D / rate of discount i.

Resource Crunch: When resources fall short of the estimated expenditure and the gap between the two keeps on widening, the government faces a resources crunch or crush.

Wealth effect: It signifies an increase in the aggregate expenditure due to a fall in the price level and the interest rates. When the prices or the interest rates fall, they induce a fall in demand which can be reversed by wealth affect.

Estate Duty: It is chargeable from the estate of a deceased person if such estate is valued over a certain amount and is payable before the estat passes on to the successors.

Common teminologies: Part1

Blue Chip: This is the common stock of a large reputed corporation which has a stable and least risky growth path. The stocks of such a corporation, typical blue-chip stocks, are high-priced.

Consumption tax: It is a levy on consumer goods. The objective of such tax is not only to raise revenue but, sometimes, it is also designed to regulate consumption and even production. Sales tax, excise duties etc. are illustrations.

Earth lock: This means orientation towards the Earth; it is essential for uninterrupted transmission by a geo-synchronous satellite. Earthlock is ensured by the satellites sensors which feel the Earth's radiation.

Footloose industries: As contra-distinguished from the location-specific industry, the footloose one can be located anywhere because it is bound to a particular locational requirements. Most of the cottage industries are footloose e.g., handloom industry.