Foreign Exchange Management Act, 1999 (FEMA) emerged as a replacement or say an improvement over the old Foreign Exchange Regulation Act, 1973 (FERA). Foreign investors, frequently hear the terms FERA and FEMA, when they deal with India. As their name specifies, FERA lays emphasis on the regulation of currencies, whereas the FEMA manages foreign exchange, i.e. forex. The first and foremost difference between FERA and FEMA is that the former requires previous approval of Reserve Bank of India … [Read more...]
Difference Between Urban and Rural
Based on the density of population, development, amenities, employment opportunities, education, etc. human settlement is majorly divided into two categories i.e. Urban and Rural. Urban refers to a human settlement where the rate of urbanisation and industrialisation is high. On the other hand, in a rural settlement, is one where the rate of urbanisation is quite slow. Another important difference between the two human settlements is that while urban areas are highly populated, rural areas … [Read more...]
Difference Between Licensing and Franchising
Many think that franchising and licensing are same, but the fact is that they are different, only the advantages of franchising are similar to those of licensing. The first and foremost difference between licensing and franchising are that the former is mainly associated with the production and marketing of goods while the latter is related to the service business. When it comes to business expansion, the first thing that strikes our mind is 'international business' a term we hear frequently, … [Read more...]
Difference Between Autobiography and Memoir
An autobiography differs from a memoir in a sense that an autobiography covers all the events of the narrator's life in chronological order, whereas a memoir is a real-life experience of the author, that has a lesson or message to share with the readers. Due to many similarities between these two, many people get a bit confused and don't understand, which form of literature is an autobiography and which one is a memoir. While an autobiography covers the entire life of the writer, the memoir … [Read more...]
Difference Between Personality and Character
While personality shows what you are outside or what you are to the world, character reveals what you are inside. As these are directly related to a person's attitude and behaviour, most people get confused between these two easily. We all are same in many ways like we all have got the same human body, nature, feelings, mind and so on. But if you observe deeply you will find that every human being has certain different traits and habits that make him/her unique. It is a fact that two persons … [Read more...]
Difference Between Faculty and Staff
When it comes to education, there are many people involved in the educational institutions that help in successfully imparting education to the students. These include both academic and non-academic workforce. In this context, you have often heard the terms faculty and staff, end number of times in your day to day life. Faculty refers to the academic staff of the institution that can be your subject teachers or other teachers of your school or college. On the other hand, staff simply means … [Read more...]
Difference Between Boss and Leader
The key factor behind the success of any organization, is the quality of leadership exhibited to the employees, that motivates them to do better. Have you ever wondered that a boss could be a leader also, but not all bosses are leaders? There exist a line of demarcation amidst the nature and characteristics of these two personalities. While a boss gives orders to his employees, a leader influences his followers by setting an example. A leader persuades his men to act in a specific manner, to … [Read more...]
Difference Between Advertising and Public Relations
Advertising and Public Relations are the two important tools for promoting products and services offered by the company. Advertising alludes to a form of communication, which a firm uses to instigate prospective customers to choose the product offered by the company, over other products. On the other hand, public relations is about building and maintaining good relations, with company's stakeholders, by gaining favourable publicity, having a good reputation and so on. The primary motive of … [Read more...]
Difference Between NGO and NPO
There are certain organizations, which are set up by the group of individuals for serving the entire society, which can be NGO or NPO. An NGO, a non-governmental organisation, established to work for public and social welfare. Such organisation is not affiliated with any government. On the other end, NPO, as its name suggests, is a non-profit organisation, that works for any purpose other than making profits but such organizations are incorporated under the Companies Act. As the rules and … [Read more...]
Difference Between NSDL and CDSL
In investment jargon, you have often heard the term depository many times. It refers to an organisation established to hold securities like shares, debentures, bonds, mutual fund units, etc. of the investors in dematerialised form through an agent registered with SEBI i.e. Depository Participant. The two apex depositories in India, incorporated with SEBI namely NSDL and CDSL.NSDL is a pioneer depository in India promoted by the prominent banks and other institutions. On the other end, CDSL is … [Read more...]
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