What is Modigliani Miller Theory?
A theorem which states that –
- Market price of shares are unaffected,
- Irrespective of its dividend policy.
There has been a lot of buzz in the news about cutting down the repo rates, bank rates, SLR, CRR etc. to control the money supply in the market. We already know that cutting down the rates would increase the money with the commercial banks which can lend the same to the investors who in turn boost the economy with their investments. Also there would be an increase in the private and public consumption. This process is called quantitative easing. Now the question is what are these ratios. Read More »
Finance minister Arun Jaitley will present Union budget of India for 2015-16 on 28th February. Now there are some points which should be included in it.
Modi announced in his speech that the planning commission will be scrapped and replaced by “Team India” which will undertake a deeper study of the India’s problems and offer solutions with the help of states. Though many of the Chief Ministers agree except a few, the question is whether it would be fruitful or not.
Planning Commission is an institution entrusted with the formulation of five-year plans. No decision is allowed to be taken by states, and there is a centralization of power. I never had a high opinion of the planning commission because of the reputation it made of itself. It formulates “one size fits all” policies and in a developing and democratic country like India; this is something that is unacceptable. Scrapping of Planning Commission would grant power to states because of decentralization of power, and respective states can plan and implement the same on their own. That would increase confidence and viability. Some politicians are in favor of restructuring the Planning Commission which, in fact, leads to an inference that they, acknowledges the poor working of the same and want to restructure it. Why only now? It has been more than 60 years since the enactment of the commission and only when there arise a fear of loss of power; there are opinions to restructure it.
In my opinion, “ maximum governance, minimum government” would rightly fit here and in the coming time, it will increase the effectiveness and simplicity of the administration yielding maximum benefits to the nation.
|Mission type||Mars orbiter|
|Mission duration||6 months (planned)|
|Launch mass||1,337 kg (2,948 lb)|
|Dry mass||500 kg (1,100 lb)|
|Payload mass||15 kg (33 lb)|
|Dimensions||1.5-metre (4 ft 11 in) cube|
|Start of mission|
|Launch date||5 November 2013, 09:08 UTC|
|Launch site||Satish Dhawan FLP|
|Periareon||421.7 km (262.0 mi)|
|Apoareon||76,993.6 km (47,841.6 mi)|
|Period||72 hours 51 minutes 51 seconds|
|Orbital insertion||24 September 2014, 02:00 UTC
MSD 50027 06:27 AMT