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Top 20 Richest People in the World

In an ever-evolving global economy, the list of the world's richest individuals serves as a barometer of financial success, innovation, and influence. These billionaires span diverse industries, including technology, luxury goods, finance, retail, and more. Their journeys to amassing immense wealth reflect their vision, strategic prowess, and ability to capitalize on market opportunities. Top 20 Richest People in the World Let's delve into the world of wealth and explore the 20 richest individuals as of March 8, 2024. 1. Bernard Arnault & Family With a staggering net worth of $233 billion, Bernard Arnault is the wealthiest person on the planet. Hailing from France, Arnault is the chairman and CEO of LVMH (Mo√ęt Hennessy Louis Vuitton), the world's largest luxury goods company. The conglomerate boasts iconic brands like Louis Vuitton, Sephora, Christian Dior, and Givenchy. Under Arnault’s leadership, LVMH has seen remarkable growth, solidifying its position as a glob

Top 10 Banks in India

India's banking sector is a cornerstone of its economic structure, fostering growth and development across various sectors. The Indian banking industry is a blend of public sector, private sector, and foreign banks, offering a wide range of financial services. Top 10 Banks in India Let’s explore the top 10 banks in India based on their market capitalization as of May 31, 2024. 1. HDFC Bank Housing Development Finance Corporation (HDFC) Bank, founded in 1994, is one of the leading private sector banks in India. HDFC Bank is renowned for its excellent customer service and robust digital banking platform. It provides a wide array of services such as personal banking, corporate banking, loans, credit cards, and wealth management. HDFC Bank's focus on technology and innovation has made it a leader in digital banking, with a strong presence in both urban and rural areas. 2. ICICI Bank Industrial Credit and Investment Corporation of India (ICICI) Bank was established in 1994 a

Government of India Act 1858

The British Administration in India can broadly be divided into two phases. The first phase was from 1772 to 1858 when the East India Company ruled , and the second phase was from 1858 to 1947, when the British Crown ruled. The Charter Act of 1853 allowed the East India Company to rule India until further order. Many in England and in India opposed the rule of the East India Company and wanted to establish the British Crown's rule. The revolt of 1857 provided an opportunity to the British Government to end the company's rule and establish direct rule. The East India Company was blamed for the outbreak of the revolt, though the company tried to defend itself. John Stuart Mill, a well-known scholar, argued in favour of the company and reminded the British Government about the 'great service' the company had rendered both to India and to the Crown. Ross Mangles, the chairman of the company, asserted that an intermediate non-political and perfectly independent body like th

Indian Councils Act 1861

The Indian Councils Act of 1861 was a significant piece of legislation passed by the British Parliament that brought about important changes in the governance of British India following the Indian Rebellion of 1857 . Features of Indian Council Act, 1861 Provisions of Indian Council Act, 1861 1. The Indian Council Act added to the Viceroy's Executive Council, a fifth member who had to be an expert in 'finance' and 'law'. 2. The Act empowered the Viceroy and Governor-General to make rules for the convenient transaction of business by the executive council and authorized any one member to discharge the duties in his absence. The Act also introduced the Portfolio System under which the departments of Government were divided between the members of the council. 3. For the purpose of the legislation, the Viceroy's executive council was expanded by an addition of not less than six and not more than twelve members. The Governor General nominated them for two years.

Indian Councils Act 1892

The Indian Council Act of 1861 had many shortcomings, as discussed above. Nationalist feelings were growing in the late 19th century among the educated middle class. The Congress party, formed in 1885, started demanding, among other things, the expansion and Indianization of the legislative council. Congress leaders also demanded the right to ask questions in the legislative council on any subject and the right to discussion on the Budget. Lord Dufferin, the Governor-General of India between 1884 and 1988, wanted to give more seats to western-educated Indians than the traditional, orthodox Indian rulers. He appointed a committee headed by Sir John Chenny. The committee recommended that the legislative council should be developed as a 'mini parliament.' The Congress party regularly passed resolutions in its annual sessions to restructure the legislative council. Leading newspapers also raised similar demands. Lord Dufferin sent a suggestion, based on the Chenny committee's

The Revolt of 1857: Causes, Nature, Failure and Impact

The Revolt of 1857, also known as the Indian Mutiny, the Sepoy Mutiny, or the First War of Indian Independence, was a major, but ultimately unsuccessful, uprising in India against the British East India Company's rule. Spanning several months from May 1857 to June 1858, the revolt was characterized by widespread but sporadic and uncoordinated insurgencies across northern and central India. Causes of the Revolt of 1857 The causes of the revolt were multifaceted, involving military, political and economic grievances that had been simmering for years. Military Cause The revolt broke out over the issue of greased cartridges when the news spread that the covers of the cartridges were made of cow's and pig's fat. Most of the soldiers in the Bengal Army were Hindus or Muslims, especially of the upper Hindu caste. The soldiers had many more grievances. Some upper-caste Hindu sepoys had earlier revolted on religious issues. In 1852, the 38th Native Infantry refused to go to Bu

About suits by or against minors and lunatics

Legal proceedings involving minors and lunatics (persons of unsound mind) have special rules and protections in place due to their inability to fully understand or engage in legal actions on their own. Here’s a detailed overview of how lawsuits involving these parties are typically handled: Suits Involving Minors 1. Definition A minor is an individual who has not reached the age of majority, typically 18 years in many jurisdictions. 2. Guardian or Next Friend Minors cannot sue or be sued directly. Instead, legal actions on behalf of a minor must be conducted by a representative known as a "next friend" (for initiating suits) or a "guardian ad litem" (for defending suits). The court appoints a next friend or guardian ad litem to ensure the minor’s interests are protected. 3. Filing a Suit The next friend initiates a lawsuit by filing a complaint on behalf of the minor. The next friend must show that they are acting in the minor's best