ICSID (INTERNATIONAL CENTER FOR SETTLEMENT OF INVESTMENT DISPUTES) It was established on 18th March 1965.Came into force on 14th Oct 1966The primary purpose is to…
MIGA Established to promote foreign direct investment into developing countries by insuring investors against political risk, advising governments on attracting investments and mediating disputes between investors and governments.
IFC offers investment, advisory and asset management services to encourage private sector development in developing countries.
It was established on 24th Sep 1960. IDA provides loans to the member countries and no interest is charged on these long term loans. these soft loans are provided to the poor countries of the world
The money thus collected is then invested in capital market instruments such as shares, debentures and other securities.
To emerge as a “ best practices bank” by pursuing global benchmarks in profitability, operational efficiency, asset quality, risk management, and expanding global reach.
Subsidiary books are the book of original entry and it is called primary records because the first entry of transaction is made in subsidiary books
Thus book-keeping means recording, classifying and summarizing business transactions systematically so that the businessman may be able to know his profit or loss during a specified period.
Business transactions refer to activities and events that affect the financial position of a business and are capable of being assigned monetary values. Business transactions are recorded in the books of the business and summarized in financial reports.
Management is simply the process of decision making and control over the action of human beings for the express purpose of attaining pre-determined goals”.