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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 ...
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 ...
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.
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:
The electorate approved still more changes to the constitution, formally re-creating a parliamentary system and returning governing power to the office of the prime minister, as in Bangladesh's original 1972 constitution. In October 1991, members of Parliament elected a new head of state, President Abdur Rahman Biswas.
In May 1991, the PDRE (1987-1991) was overthrown by forces consisting of the TPLF and the TPLF-controlled EPRDF with the promise that a recognition of human rights, democracy, the liberalization of the economic sector, and political rehabilitation were soon to follow. [9]