Oil sector in India and Role of subsidy There exist curiosity among common man about petro product pricing‚ reason for price fluctuations and government’s role in the sector. People are also confused about What is ‘under recovery’ and If Oil Marketing Companies (OMCs) are shouting about their bleeding financial situation than how are they making profits and distributing dividend. Let’s try to demystify the scene. Firstly let’s understand that currently only PDS kerosene‚ domestic LPG and diesel
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efforts and contributions from all. Canada and the third world are examples of countries which are experiencing poverty‚ yet each differ in different ways. Once seeing the multitudes of condominiums‚ expensive restaurants‚ and streets jammed with cars‚ one would never see Canada as a place suffering from hunger‚ lack of food or clothing. Yet poverty exists. Poverty in Canada cannot be compared to that of a 3rd world country‚ since many of the poor have access to transportation and television. What people
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The poorest countries in the world are most often referred to as the least developed countries‚ (LDC’s). 33 out of 49 of these are within Africa. The LDCs’ are categorised by the level of income‚ which is defined by $2 a day‚ and under $800 GDP per capita for three consecutive years. They are also named by the stability of the government‚ and vulnerability to natural disasters such as drought‚ earthquakes‚ and civil wars. It seems that without a doubt‚ these countries need assistance from the rest
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your country. In today’s war‚ the honor is all gone. It used to be an entire country’s effort; everyone became involved. Today‚ people are less focused on it. During World War I‚ the Germans were sinking American vessels ( at the time America was neutral). This enrages the American people and the result is they all pledged their support when war was declared. At the time of World War II‚ Americans were attacked at home. This sparked fear in the people and nationalism spread around the country as people
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Lending financial aid to poor countries has become a trend of rich countries since the second half of the 20th century. In my opinion‚ it doesn’t matter whether rich countries should lend poor ones financial aid or not but the way poor countries utilize this capital source because financial aid has both pros and cons. For the first reason‚ financial aid is a helpful source to poor countries. It provides huge capital for these nations to develop infrastructure‚ improve education as well as health
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QUESTION 1 Price ceiling create shortage. How to overcome it? According to the book “Economic Theory in the Malaysian Context”‚ the definition of price ceiling is a legally established maximum price a seller can charge. It means that the price is lower than the equilibrium market price and it cannot go above the ceiling price. The reason that government imposes ceiling price on item such as beef‚ flour‚ sugar and many more is because to ensure that consumers are able to buy these goods at
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Lamanilao Subsidies A Brief Introduction: The recent GATT says that both the least developed countries and developed countries should have some level playing field. Likewise it was discussed in the WTO accord that there should be the phasing out of farm subsidies. Subsidies come in many forms. The U.S. heavily subsidizes irrigations as well as compensates their farmers not to plant when there is market glut. The E.U. adopts a common agricultural policy where it supports farm subsidies. The E
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motions‚ and require special attention to limit damage to nonstructural elements as well as to avoid problems associated with P-∆ effects and brittle or ductile fracture of beam to column connections [FEMA‚ 2000]. As a consequence‚ engineers in the US have increasingly turned to concentrically braced steel frames as an economical means for resisting earthquake loads. However‚ damage to concentrically braced frames in past earthquakes‚ such as the 1985 Mexico [Osteraas‚ 1989]‚ 1989 Loma Prieta [Kim
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Fundamentally‚ there are three main ways of how aid is given‚ they are bilateral aid (direct country to country)‚ multilateral aid (country to World bank to country) and NGO aid (aid given by Oxfam‚ Red Cross etc non government organizations). Food aid could also be split into long term and short term‚ depending on the situation and the need. Recently‚ cyclone Nargis hit Myanmar on the 2nd of May‚ a poor LEDC in Asia. Their infrastructure is poor and housing was appalling‚ resulting in deaths
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we might inhabit this earth. Those of us fortunate enough to be born in a rich country such as Australia are expected to outlive those who are born and live in a 3rd world country. Unfortunately those who live in 3rd world countries don’t have access to the medical facilities‚ public services and general hygiene that we are privileged to have in our own country. While our life expectancies may vary depending on what country we live out our lives one thing is certain‚ death. Some of us are very lucky
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