Fundamental Rights and Directive Principles of State Policy as enumerated in part III and part IV respectively of the Constitution are the two sides of the same coin. One without the other is incomplete and unfulfilled. The fundamental rights ensure political democracy while the directive principles ensure economic and social democracy. The objective of the fundamental rights is to provide [...]
Under a democratic set up, like in our country, the political environment comprises three vital political institutions: 1. Legislature 2. Executive 3. Judiciary. 1. Legislature: Legislature is the most powerful institution. The main powers are vested in the legislature are; in today's economies, particularly of developing countries like India, relevance of a protective legal environment for Business assumes immense proportions [...]
The following aspects of political environment may be considered as its critical elements in relation to business: 1. Political System 2. Political Processes 3. Stability of Political Structure 4. Centre-State Relations. Element # 1. Political System: Indian Political system is governed by the constitution of India which was moved by Pandit Jawaharlal Nehru on 9 December 1946 and was subsequently [...]