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This paper provides a comprehensive survey of pertinent issues on sovereign debt restructurings, based on a newly constructed database. This is the first complete dataset of sovereign restructuring cases, covering the six decades from 1950–2010; it includes 186 debt exchanges with foreign banks and bondholders, and 447 bilateral debt agreements with the Paris Club. We present new stylized facts on the outcome and process of debt restructurings, including on the size of haircuts, creditor participation, and legal aspects. In addition, the paper summarizes the relevant empirical literature, analyzes recent restructuring episodes, and discusses ongoing debates on crisis resolution mechanisms, credit default swaps, and the role of collective action clauses.
There is a widespread consensus today that the constitutional flexibility to alter state boundaries has bolstered the stability of India’s democracy. Yet debates persist about whether the creation of more states is desirable. Political parties, regional movements and local activists continue to demand new states in different parts of the country as part of their attempts to reshape political and economic arenas. Remapping India looks at the most recent episode of state creation in 2000, when the states of Chhattisgarh, Jharkhand and Uttarakhand came into being in some of the poorest, yet resource-rich, regions of Hindi-speaking north and central India. Their creation represented a new turn in the history of the country’s territorial organisation. This book explains the politics that lay behind this episode of ‘post-linguistic’ state reorganisation and what it means for the future design of India’s federal system.
Bhimrao Ramji Ambedkar, popularly known as Babasaheb Ambedkar, was an Indian jurist, economist, politician and social reformer who inspired the Dalit Buddhist movement and campaigned against social discrimination towards the untouchables, while also supporting the rights of women and labour.
The Code of federal regulations is the codification of the general and permanent rules published in the Federal register by the executive departments and agencies of the federal government.
Illuminating the class issues that shaped the racial uplift movement, Toure Reed explores the ideology and policies of the national, New York, and Chicago Urban Leagues during the first half of the twentieth century. Reed argues that racial uplift in the Urban League reflected many of the class biases pervading contemporaneous social reform movements, resulting in an emphasis on behavioral, rather than structural, remedies to the disadvantages faced by Afro-Americans. Reed traces the Urban League's ideology to the famed Chicago School of Sociology. The Chicago School offered Leaguers powerful scientific tools with which to foil the thrust of eugenics. However, Reed argues, concepts such as ethnic cycle and social disorganization and reorganization led the League to embrace behavioral models of uplift that reflected a deep circumspection about poor Afro-Americans and fostered a preoccupation with the needs of middle-class blacks. According to Reed, the League's reform endeavors from the migration era through World War II oscillated between projects to "adjust" or even "contain" unacculturated Afro-Americans and projects intended to enhance the status of the Afro-American middle class. Reed's analysis complicates the mainstream account of how particular class concerns and ideological influences shaped the League's vision of group advancement as well as the consequences of its endeavors.