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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 ...
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 ...
The constitution provides that the maximum strength of the Lok Sabha be 550 members. The Lok Sabha has a term of five years. To be eligible for membership in the Lok Sabha, a person must be a citizen of India and must be 25 years of age or older, not hold any office of profit under union or state government, mentally sound, should not be ...
However, during the re-structuring of DRSCs in July 2004 by the 14th Lok Sabha, the membership was reduced to 31 members—21 from Lok Sabha and 10 from Rajya Sabha. The inaugural chairperson of the committee was Debi Prasad Pal , a former Minister of State for Finance (1995–96), [ 8 ] [ 9 ] member of the 10th Finance Commission , retired ...
The Prime Minister is usually a leader of either the majority party or the largest party in the Lok Sabha (House of the People) and can either be directly elected by the citizens of a particular Lok Sabha constituency or be indirectly elected as a member of the Rajya Sabha. The citizens of the individual States directly elect their Governor.
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 next Federal Reserve meeting will be held from Nov. 6 through 7. Your wallet, explained. Sign up for USA TODAY's Daily Money newsletter. Federal Reserve 2024 Meeting Schedule. Jan. 30–31 ...
The Rajya Sabha has equal footing in legislation with the Lok Sabha, except in the area of supply, where the latter has overriding powers. In the case of conflicting legislation, a joint sitting of the two houses can be held, where the Lok Sabha would hold a greater influence because of its larger membership.