What is a Small Scale Industry (SSI)? Small scale industries (SSIs) also known as MSMEs are defined & categorized by the Micro, Small & Medium Enterprises Development Act, 2006. The act categorizes different scale of industries on the basis of investment in plant & machinery in case of … [Read more...]
Archives for February 2017
Time flies or time flys : Which one is grammatically correct?
The grammatically correct rendering of this phrase is 'time flies'. The verb here is 'to fly'. And, in the third person singular in the present, this verb becomes 'flies'. It is a third person because 'time' is an object or an 'it'. In the English language, the third person singular is attached … [Read more...]
Demonetization: Advantages and Disadvantages of Demonetization
What is demonetization? Demonetization occurs when a particular type of currency is withdrawn from circulation. In such a situation, the demonetized currency ceases to be recognized as a legal tender. Demonetization means stopping a form of currency from being legal tender. That means that this … [Read more...]
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