Posts

Showing posts from 2016

Ishwar Chandra Vidyasagar and various reforms

Image
  Educational Reform: Iswar Chandra firmly believed that the regeneration of India was possible through modern education. That is why Iswar Chandra vidyasagar took up an educational reforms before movement for social reforms. In matters of education Iswar Chandra vidyasagar aimed at extending the benefits of learning to common people. He reconstructed the  Bengali alphabet  and reformed Bengali typography into an alphabet  of twelve vowels and forty consonants. He contributed significantly to  Bengali  and  Sanskrit literature .Vidyasagar's "Barna Porichoy" is still considered a classic.  His efforts to simplify and modernize  Bengali   prose were significant. He also rationalized and simplified the Bengali alphabet and type, which had remained unchanged since  Charles Wilkins  and  Panchanan Karmakar  had cut the first (wooden) Bengali  type  in 1780. Further, in order to liberate the minds of young learners from 'unsophisticated scholarship' Iswar Ch

Ishwar Chandra Vidyasagar

Image
Add caption Ishwar Chandra Vidyasagar Ishwar Chandra Vidyasagar  was the best indian personality that still shines bright. He was a far-sighted social reformer, philosopher, philanthropist, and educationalist with a modern vision. Throughout his long life he stood for morality, honest character, truthfulness, social reforms, unselfishness, and liberalism. He had a heart of Himalayan magnanimity. A son of the soil, Ishwar Chandra Vidyasagar was, with a vast career of learning the first modernly refined man not only of Bengal but also of India. Birth, Education & Activities In the history of enlightened personalities, Vidyasagar finds a unique niche. He was born on 26th day of September, 1820. He was known as Ishwar Chandra Bandopadhyay. The rustic boy of Thakurdas Bandopadhyay and Bhagabati Devi of Birsingha, Midnapore rose to inimitable eminence through hazards of poverty. He was an obstinate boy. He had turned his obstinacy into rock-like strength of character t

The Accounting Equation:the balance sheet equation

Image
The Accounting Equation:the balance sheet equation The Value of the business is the value of its assets less the value of its liabilities and this value belongs to the owners of the business: The Owners fund must also equal the amount the owners have put into the business (Capital) less any amounts they have taken out (Drawings) plus any profit. For the time being we assume the business is profitable. We add   to both sides to remove the minus signs.  We call items on the left hand side Debits and items on the right hand side Credits. Then: In order that this equation holds we must also ensure that a loss is on the opposite side to a profit and therefore a loss is a debit. Note that items of income increase profit so they are also credits, while expenses decrease profit and are therefore debits. When to Debit, when to Credit? [ edit ] The Value of the business is the value of its assets less the value of its liabilities and this value belongs to th

Accounting Operations: Credit & Debit(GOLDEN RULE OF DOUBLE ACCOUNTING)

Accounting Operations: Credit & Debit(GOLDEN RULE OF DOUBLE ACCOUNTING)  Accounting has indeed two and two only operations: Credit & Debit. Traditionally we always say "Debit & Credit" and we always put "Debits" to the "left" (of a page) and "Credits" to the "right" (of a page). But causally speaking, the act which the operation "Credit" captures comes first: because Credit shows the source of the Capital, while Debit shows to what the capital has been transformed before. That's why "A Debit must always equal the corresponding Credit". Suppose now that the company's Board of Directors, after receiving the cash from the shareholders, decides to spend it in order to buy new productive equipment, striking a deal with a supplier to pay him or her after 60 days from purchasing the equipment. In order to reflect this transaction we need to record two different Accounting Entries. A) The purcha
<b:includable id='main' var='thiswidget'> [insert whatever content you want here] </b:includable>

Budget 2016-2017

Budget 2016-2017 Speech of Arun Jaitley Minister of Finance February 29, 2016 Madam Speaker, I rise to present the Budget for the year 2016-17. 2. I am presenting this Budget when the global economy is in serious crisis. Global growth has slowed down from 3.4% in 2014 to 3.1% in 2015. Financial markets have been battered and global trade has contracted. Amidst all these global headwinds, the Indian economy has held its ground firmly. Thanks to our inherent strengths and the policies of this Government, a lot of confidence and hope continues to be built around India. 3. The International Monetary Fund has hailed India as a ‘bright spot’ amidst a slowing global economy. The World Economic Forum has said that India’s growth is ‘extraordinarily high’. We accomplished this despite very unfavourable conditions and despite the fact that we inherited an economy of low growth, high inflation and zero investor confidence in Government’s capability to govern. We converted these difficulties and