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The Lok Sabha, also known as the House of the People, is the lower house of Parliament of India which is bicameral, where the upper house is Rajya Sabha. Members of the Lok Sabha are elected by an adult universal suffrage and a first-past-the-post system to represent their respective constituencies, and they hold their seats for five years or until the body is dissolved by the president of ...
Till 13th Lok Sabha, each of these standing committees used to consist of 45 members— 30 nominated by the Speaker from amongst the members of Lok Sabha and 15 members nominated by the Chairman, Rajya Sabha from amongst the members of Rajya Sabha. However, with re-structuring of DRSCs in July, 2004 each DRSC consists of 31 members—21 from ...
Articles 245–255 on Distribution of Legislative Powers. The Constitution provides for a three-fold distribution of legislative subjects between the Union and the states, viz., List-I (the Union List), List-II (the State List) and List-III (the Concurrent List) in the Seventh Schedule: (i) The Parliament has exclusive powers to make laws with respect to any of the matters enumerated in the ...
What does the Federal Reserve do? The Federal Reserve has five key functions to help promote a strong economy: Conducting monetary policy: The U.S. central bank’s most well-known function ...
The Ministry of Finance (IAST: Vitta Maṃtrālaya) is a ministry within the Government of India concerned with the economy of India, serving as the Treasury of India.In particular, it concerns itself with taxation, financial legislation, financial institutions, capital markets, currency regulation, banking service, centre and state finances, and the Union Budget.
The Ministry of Parliamentary Affairs is an Indian government ministry.It is headed by the Union Cabinet Minister of Parliamentary Affairs. It handles affairs relating to the Parliament of India, and works as a link between the two chambers, the Lok Sabha ("House of the People," the lower house) and the Rajya Sabha ("Council of States," the upper house).
The house meets in the Lok Sabha Chambers of the Parliament House, New Delhi. The maximum membership of the House allotted by the Constitution of India is 552 (Initially, in 1950, it was 500.) Currently, the house has 543 seats which are filed by the election of up to 543 elected members. The new parliament has a seating capacity of 888 for Lok ...
COFEPOSA or the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act is an Act of Parliament passed in 1974 during the administration of Indira Gandhi, trying to retain foreign currency and prevent smuggling. It was an economic adjunct to the controversial Maintenance of Internal Security Act (MISA) which was enacted in 1971.