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In 1858, Allahabad (now Prayagraj) became the capital of India for a day when it also served as the capital of North-Western Provinces. [3] During the British Raj, until 1911, Calcutta was the capital of India. [4] By the latter half of the 19th century, Shimla had become the summer capital. [5]
The New Capitalists: How Citizen Investors Are Reshaping the Corporate Agenda is a 2006 book by Stephen Davis, Jon Lukomnik and David Pitt-Watson. [1] It describes the increasing ownership of companies by collective investment schemes representing millions of savers. The millions of savers are called the "New Capitalists".
India is a federal constitutional republic governed under a parliamentary system consisting of 28 states and 8 union territories. [1] All states, as well as the union territories of Jammu and Kashmir, Puducherry and the National Capital Territory of Delhi, have elected legislatures and governments, both patterned on the Westminster model.
Economists criticized the plan on technical grounds; cf. [6] that it did not take into account the fact that creating capital had an inflationary effect, and with that, its authors had overestimated the capacity of the Indian economy to generate further capital. With rising prices, the purchasing power (for investments) would fall.
India, however, continues to have a trade deficit, relying on foreign capital to maintain its balance of payments and as such, makes it vulnerable to external shocks. [ 49 ] Foreign investment in India in form of foreign direct investment , portfolio investment , and investment raised on international capital markets increased significantly ...
A New Idea of India: Individual Rights in a Civilisational State is a 2020 book authored by Harsh Madhusudhan and Rajeev Mantri. [ 1 ] [ 2 ] [ 3 ] Published by Westland Publishers , the book is a narrative focusing on various issues like secularism, capitalism, Indian civilisation, decolonisation, individualism etc. [ 4 ]
The Billionaire Raj: A Journey Through India's New Gilded Age is a 2018 non-fiction book written by British author James Crabtree. The book is about wealth inequality in India, exploring Indian billionaires, the caste, and economic reform advocates. Crabtree is a journalist for Financial Times.
Aspirant states and union territories of India. The constitutional power to create new states and union territories in India is solely reserved with the Parliament of India, which can do so by announcing new states/union territories, separating territory from an existing state or merging two or more states/union territories or parts of them. [1]