The Retail market in India has undergone a major transformation. In fact, it has witnessed tremendous growth in the last 10 years. India is largely an unorganized retail market, contributing 88% to the totalretail sector in India. The Indian Government has permitted 100% FDI in the single-brand retail and 51% in multi-brand retail. This moveImpact of Covid – 19 Retail Sector – Part 2
Indian retail industry has more than 15 million retailers, both small and big, traditional and modern trade. Retail employs 45-50 million Indians directly of which modern trade employs more than 6 million Indians equaling to almost 12 per cent of the total retail contributes to approx. 40 per cent of India’s consumption and 10 percentImpact of Covid – 19 Retail Sector
HUF is an entity formed automatically by members of the common ancestry including their wives and daughters. A HUF cannot be formed by a group of people who do not constitute a family. As such, a joint Hindu family in India is, in fact and by default, a HUF. A HUF enjoys a separate entityHINDU UNDIVIDED FAMILY (HUF) BUSINESS
Every nation defines its mode of governance through a number of policies. These policies are described as public policies. In the national and international parlance, public policies are as old as governments. In the Post – Second World War period, a number of transnational companies evolved which started to work in different parts of theGOVERNMENT POLICIES FOR BUSINESS GROWTH
‘Partnership’ is the relation between persons who have agreed to share the profits of a business carried on by all or any of the macting for all. Persons who have entered into partnership with one another are called individually ‘partners’ and collectively ‘afirm’, and the name under which their business is carried on is calledGENERAL NATURE OF A PARTNERSHIP
Sale of goods is one of the specific forms of contracts recognized and regulated by law in India. Sale is a typical bargain between the buyer and the seller. The Sale of Goods Act, 1930 allows the parties to modify the provisions of the law by express stipulations. However, in some places this freedom isFORMATION OF THE CONTRACT OF SALE
Macroenvironment is that part of external environment which is largely external to the enterprise and thus beyond the direct influence and control of the organization, but which exerts powerful influence over its functioning. The external environment of the enterprise consists of individuals, groups, agencies, organizations, events, conditions and forces with which the organization comes intoELEMENTS OF MACRO ENVIRONMENT
Considering that the government plans to increase power generation capacity from 200G Win 2012 to about 400 GW by 2022 with commensurate T&D capacity enhancement, IndianE E manufacturers not only have to meet demand of such huge capacity addition, but also that of metros, airports, railways, other infrastructure projects and increase in domestic consumer demandElectrical Products Manufacturing – Part 2
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At the time of selling the goods, a seller usually makes certain statements or representations with a view to induce the intending buyer to purchase the goods. Such representations are generally about the nature and quality of goods, and about their fitness for buyer’s purpose. When these statements or representations do not form a partCONDITIONS & WARRANTIES
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