...Lands. Lake Cowal remains dry for more than a six months but gets flooded during rainy season. It has been also a major source of water supply to the communities of Wiradjuri. The Cowal Lake Gold Project was been first filed for approval to New South Wales Government in 1996. But on basis of environmental grounds the lake project was been refused by the Government. After some political internal initiations during 1999, Lake Cowal Gold Project was been approved right before state elections. With its life for about only thirteen years the project was initiated in year 2006 with full swing as it brought its first gold of about 2.7 million ounce. Even if the project was been approved by the Government , local stakeholders did complain about tghe company of not maintaining the required environmental safety practices by cutting of trees, put huge water pipes and electricity transmission lines. The trees that were cut were been il-legally used by the company to manufacture artifacts which could help them in more profits. Wiradjuri being a cultural heritage of about four thousand years the local community has been campaigning against the project and the company for about...
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...EMBA guideline complete solutions of National Bank Limited (NBL) Early banking system served mainly as depositors for funds, while the more modern system has considered the supplying of credit their main purpose. A Bank not only accepts money or deposits but also lends money and creates its own credit, Crow her has defined a bank as “a dealer in debts-his own and of other people”. Sawyer’s states, “We can define a bank as n institution whose debts (bank deposits) are widely accepted in settlement of other peoples debts to each other”. The class of financial institutions called commercial banks has one important characteristic that distinguishes it from all other kinds of financial institutions. This important distinction is that t alone can hold deposits to be drawn upon by check’ it has the power to create and destroy money, within limits, through the use of loans and demand deposits. Commercial banks lend money by creating demand deposits and retire loans by canceling demand deposits. The functions of modern commercial banks are numerous and overlap with those of such other financial institutions. They are most sharply differentiated form other financial institutions by the character of their principal liabilities. Only commercial banks hold demand deposits, which constitute the most important component of money supply, thus banks are unique among non governmental institutions as administrators of demand deposits and as money issuers. They influence not only size of the...
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...Human Development Index 1 Human Development Index The Human Development Index (HDI) is a composite statistic of life expectancy, education, and income indices used to rank countries into four tiers of human development. It was created by the Pakistani economist Mahbub ul Haq and the Indian economist Amartya Sen in 1990[1] and was published by the United Nations Development Programme.[2] World map by quartiles of Human Development Index in 2013. Origins The origins of the HDI are found in the annual Development Reports of the United Nations Development Programme (UNDP). These were devised and launched by Pakistani economist Mahbub ul Haq in 1990 and had the explicit purpose "to shift the focus of development economics from national income accounting to people-centered policies". To produce the Human Development Reports, Mahbub ul Haq brought together a group of well-known development economists including: Paul Streeten, Frances Stewart, Gustav Ranis, Keith Griffin, Sudhir Anand and Meghnad Desai. Working along with Nobel laureate Amartya Sen, they worked on capabilities and functionings that provided the underlying conceptual framework. Haq was sure that a simple composite measure of human development was needed in order to convince the public, academics, and policy-makers that they can and should evaluate development not only by economic advances but also improvements in human well-being. Sen initially opposed this idea, but he went on to help Haq develop the Index...
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