One of the major reforms in the Indian Taxation System is the introduction of GST, i.e. Goods and Services Tax. It aims at removing the cascading effect, i.e. double taxation. GST is a tax on value addition, imposed on the production, distribution and consumption of goods and services. It is commonly contrasted with Value Added Tax, shortly known as VAT, which is an indirect tax levied at each stage of manufacture and distribution of goods on the incremental value. The primary difference … [Read more...]

Have you ever noticed, small numbers printed above certain words or at the end of the sentences as superscript in a document or book. These numbers either match with the numbers placed at the bottom of the respective page representing footnotes or at the end of the book or a document, as endnotes. Footnotes and Endnotes are used by the author for various purposes such as to provide bibliographical information, outside sources, copyright permission, explanatory information, citations or some … [Read more...]

A political party may refer to a voluntary organised group of dedicated individuals with similar political ideology. They nominate the candidate, contest elections and win power over the government. It is commonly juxtaposed with pressure groups which imply a collection of like-minded people, who come together to promote and defend a common objective, by continuously striving to influence the decision of the government. Both political party and pressure groups are a structured group of … [Read more...]

Diplomatic Mission is a foreign office, in a country wherein a group of officers represents the home country in the host country, along with safeguarding the interest of the citizens and the home country in the host country. Diplomatic mission entails embassies and consulates, wherein the embassy serves as the nerve centre for diplomatic representation of the public administration of a nation in another. Conversely, Consulate is an arm of the embassy that diplomatically represents the … [Read more...]

When you are planning to go abroad for any purpose with your family, friends or even alone, you have to make sure that you have the Passport and Visa. Passport is the most important official document, which one should possess for international travelling. It is issued by the government to the citizens of the country, on their application. It also serves as an identification proof, as it certifies the identity and citizenship of the holder. Visa, on the other hand, is not a separate document … [Read more...]

Local time implies the time of a particular country, as regards the meridian running through it. On the contrary, standard time is referred as the official local time of a region ascertained by the distance from the Prime Meridian of the meridian running through the area. Here we'll break down the significant differences between local time and standard time. Earth rotates on its axis, leading to sun rise and sun set in different parts of the world. The part of the earth which receives … [Read more...]

Research can be understood as the systematic and rigorous search for appropriate information on a specific subject. It involves enunciation of the problem, developing a hypothesis, collecting and analysing data and drawing conclusions, based on the facts and data collected. And to do so, the researcher uses research methods, during the course of conducting research. The research methods are often confused with research methodology, which implies the scientific analysis of the research … [Read more...]

The total world population is about 8 billion, which composed of people belonging to different groups, cultures, nations, races, etc. Based on the nationality and ethnicity, a person can be easily identified, i.e. to which country or ethnic group he/she belongs. Nationality implies the place of a person's birth, so it is simply the national identity of an individual. On the other hand, the ethnicity reflects the cultural and ancestral identity of a person. Nationality is used to determine to … [Read more...]

To a layperson accuracy and precision are synonyms, but to a person involved in measurement, these two convey different meanings. While accuracy is 'the state of being correct', precision is 'the state of being exact', people commonly misconstrue the two terms. Accuracy symbolizes the extent of conformity, whereas Precision indicates the extent of reproducibility. At the time of taking measurements, these two are always taken into account, due to their utmost importance in the various … [Read more...]

The primary difference between classification and tabulation is that the process of classifying data int groups is known as classification of data, whereas tabulation is the act of presenting data in tabular form, for better interpretation. After the collection of data is completed, it is prepared for analysis. As the data is raw, it needs to be transformed in such a way, that it is appropriate for analysis. The form of data, highly influences the result of analysis and so, to get positive … [Read more...]