About IndiaPage 4

Indian Currency: Rupees

Indian CurrencyIndia's currency is the Rupee, abbreviated as Rs. One Rupee is equal to hundred paise. Notes are in denominations of 1, 2, 5, 10, 20, 50, 100 and 500. Coins start at 10, 20, (not used so much these days) 25, 50, paise and 1, 2, and 5 rupees.

Notes can get disfigured, so do not accept torn or disfigured notes. In case you do get torn notes you can change them at the Reserve Bank of India or large branches of other big banks. 

Traveller's cheques and credit cards

It is advisable to carry a mixture of cash and traveller's cheques to guard against any situation. US dollars are the easiest currency to change with pounds sterling coming a close second. Other hard currencies such as Yen, French Francs, Canadian Dollars, Deutsche Mark can also be changed in tourist areas and big cities. A currency declaration form has to be filled out by the tourists if they enter the country with US$10,000 or its equivalent in any other currency.

Tourists can get a relatively better exchange rate for traveller's cheques and they are safer to carry though not as liquid as cash. American Express, Visa or Thomas Cook Traveller Cheques are readily accepted.

A growing number of hotels, restaurants and shops are beginning to accept credit cards, the well known and more accepted ones being American Express, Access or Mastercards, Diners Club and Visa.

 

Legislature: Parliament system

The Legislative Arm of the Union, called Parliament, consists of the President, Rajya Sabha and Lok Sabha. All legislation requires consent of both houses of parliament. However, in case of money bills, the will of the Lok Sabha always prevails.p

The Rajya Sabha consists of 245 members. Of these, 233 represent states and union territories and 12 members are nominated by the President. Elections to the Rajya Sabha are indirect; members are elected by the elected members of Legislative Assemblies of the concerned states. The Rajya Sabha is not subject to dissolution, one third of its members retire every second year.

The Lok Sabha is composed of representatives of the people chosen by direct election on the basis of universal adult suffrage. As of today, the Lok Sabha consists of 545 members with two members nominated by the President to represent the Anglo-Indian Community. Unless dissolved under unusual circumstances, the term of the Lok Sabha is five years.

President is the constitutional head of the government. He appoints the ministers. President invites the legislative leader of the majority party in the lower house(Loksabha) to form the government. The leader become Prime Minister and chooses his cabinet. The Council of Ministers comprises Cabinet Ministers, Minister of States (independent charge or otherwise) and Deputy Ministers. Prime Minister communicates all decisions of the Council of Ministers relating to administration of affairs of the Union and proposals for legislation to the President. Generally, each department has an officer designated as secretary to the Government of India to advise Ministers on policy matters and general administration. The Cabinet Secretariat has an important coordinating role in decision making at highest level and operates under direction of Prime Minister.

Indian President

The President is elected by members of an Electoral College consisting of elected members of both Houses of Parliament and Legislative Assemblies of the states, with suitable weightage given to each vote. His term of office is five years.

Among other powers, the President can proclaim an emergency in the country if he is satisfied that the security of the country or of any part of its territory is threatened whether by war or external agression or armed rebellion. When there is a failure of the constitutional machinery in a state, he can assume to himself all or any of the functions of the government of that state

The Vice-President is elected by the members of an electoral college consisting of members of both Houses of Parliament in accordance with the system of proportional representation by means of a single transferable vote. He holds office for five years. The Vice-President is Ex-officio Chairman of the Rajya Sabha.

Presidents of India

NAME FROM TO
Dr. Rajendra Prasad Jan 26, 1950 May 13, 1962
Dr. S. Radhakrishnan May 13, 1962 May 13, 1967
Dr. Zakir Hussain May 13, 1967 Aug 24, 1969
Varahagiri Venkata Giri Aug 24, 1969 Aug 24, 1974
Fakhruddin Ali Ahmed Aug 24, 1974 Feb 11, 1977
Neelam Sanjiva Reddy Jul 25, 1977 Jul 25, 1982
Giani Zail Singh Jul 25, 1982Jul 25, 1987
R. Venkataraman Jul 25, 1987 Jul 25, 1992
Dr.S.D. Sharma Jul 25, 1992 Jul 25, 1997
K R Narayanan Jul 25, 1997 Jul 24, 2002
Dr. A.P.J Abdul Kalam Jul 25, 2002 July 24, 2007
Pratibha Patil Jul 25, 2007 Present

 

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