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By 1991, India still had a fixed exchange rate system, where the rupee was pegged to the value of a basket of currencies of major trading partners. Although a fixed exchange rate system helped India to achieve currency stability, it also necessitated that the Indian Government utilize its foreign exchange reserves in the event of currency ...
Following German reunification in 1990, the LPG was no longer a legal form of business and regulations were introduced governing their dissolution and the restructuring of enterprises into other legal forms. Some former LPG members, typically those with a strong family background in independent farming, reclaimed their land and started again as ...
The Licence Raj or Permit Raj (rāj, meaning "rule" in Hindi) [1] is a pejorative for the system of strict government control and regulation of the Indian economy that was in place from the 1950s to the early 1990s.
LPG is composed mainly of propane and butane, while natural gas is composed of the lighter methane and ethane. LPG, vaporised and at atmospheric pressure, has a higher calorific value (46 MJ/m 3 equivalent to 12.8 kWh/m 3) than natural gas (methane) (38 MJ/m 3 equivalent to 10.6 kWh/m 3), which means that LPG cannot simply be substituted for ...
While Vinay Sitapati's book Half Lion: How P.V. Narasimha Rao transformed India (2016) gives a renewed biographical picture of his entire life, [110] Sanjay Baru's book 1991: How P V Narasimha Rao made history (2016) [111] and Jairam Ramesh's book From the brink to back: India's 1991 story (2015) [112] focuses on his role in unleashing the ...
Similarly, in the Philippines, the contentious proposals for Charter Change include amending the economically restrictive provisions of their 1987 constitution. [ 5 ] By this measure, an opposite of a liberalized economy are economies such as North Korea's economy with their "self-sufficient" economic system that is closed to foreign trade and ...
4 July 1991: Colombian Constitution of 1991 established as a presidential republic. 20 July 1810: Colombia declares independence from Spain. 4 July 1991: The Sovereign territory was organized under the National Constituent Assembly. 17 December 1819: Colombia merged with Venezuela, Panama, and Ecuador. 19 November 1831
The Bill proposed abolishing the British monarchy, with the United Kingdom becoming a "democratic, federal and secular Commonwealth of Britain", or in effect a republic with a codified constitution. It was introduced by Benn a number of times until Benn's retirement in 2001, but never achieved a second reading. Under the Bill: