GOVERNMENT AND POLICY

The Transfer of Property Act, 1882 is a central legislation in India that governs the transfer of property. It applies to all transfers of property made within India and also to transfers of property made by Indians outside India. Key Highlights of the Transfer of Property Act: Definition of Transfer: The act defines transfer of […]

Public Distribution System (PDS) The Public Distribution System (PDS) is a critical infrastructure in India that plays a crucial role in ensuring food security and addressing the challenges of food scarcity. It is a centralized system that distributes food grains and other essential commodities to the people of India. Key Features of PDS: Grains Procurement: […]

Carbon Credit A carbon credit is a market-based mechanism that allows companies and individuals to offset their greenhouse gas emissions by investing in projects that reduce emissions elsewhere. How Carbon Credits Work: Emission reduction: Projects that reduce greenhouse gas emissions, such as renewable energy installations, energy efficiency measures, or tree planting, generate carbon credits. Trading: […]

Definition: Zoning is a land use planning process that divides a city or town into different zones or districts, each with its own set of regulations for development. These regulations cover various aspects of land use, including allowable uses, density, setbacks, and building heights. Purpose: To promote orderly growth and development: Zoning helps to ensure […]

Breach of Contract Definition: A breach of contract occurs when one party to a contract fails to fulfill its obligations as agreed upon in the contract. This can be due to various factors, such as failure to provide goods or services as promised, failure to meet deadlines, or making improper modifications to the contract. Elements […]

The word “lokayukta” is not present in the English language. It is a word in Sanskrit. Lokayukta in Sanskrit: Lokayukta means “fit for the people” or “conducive to well-being” in Sanskrit. It is often used to describe actions or policies that are beneficial to the common people. Equivalent English words: Beneficial Helpful Promising Incline Favorable […]

Expropriation is the act of taking private property from its owner by the state or other government agency. Types of Expropriation: Public purpose: When land is taken for a public purpose, such as building roads, parks, or schools. Private purpose: When land is taken for a private purpose, such as for industrial development or housing. […]

Capitalism Capitalism is a fundamental economic system characterized by private ownership and the means of production. Its defining principles include: Private Ownership:– The means of production, such as land, factories, and equipment, are privately owned by individuals or corporations. Competition:– Firms compete with each other in open markets for customers and profit. Supply and Demand:– […]

Definition: Inchoate means in the early stages of development or growth, not fully formed or developed. Synonyms: Primitive Rudimentary Unfinished Incomplete Imperfect Antonyms: Mature Fully formed Complete Developed Perfect Usage: The embryo is in an inchoate stage of development. The plant is still inchoate, with only a few leaves. The painting is still inchoate, with […]

Communism Communism is a political ideology based on the principles of Marxism. It advocates for the creation of a classless, stateless society in which the means of production are owned collectively. Principles of Communism: Collective ownership: The means of production are owned communally, rather than privately. Workers’ control: Workers have a direct say in the […]