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Financial wealth is excluded from country wide wealth. This is as a result of money, stocks, bonds, etc. which individuals hold as wealth are claims towards one another. Goods which have value are termed as wealth. But capital is that part of wealth that is used for extra production of wealth. Furniture used in the house is wealth but given on rent is capital. Thus all capital is wealth but all wealth isn’t always capital. Wealth is a stock and income is a flow. Income is the incomes from wealth. The shares of a company are wealth however the dividend obtained on them is income. Money contains coins and foreign money notes.
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Provide your input in the feedback of following article. Dr. D. Rao u have discussed that also ugc are following its in advance law . But In the revised 2018 UGC egulation the have mentioned like These shall come into force from the date of notification. So people who joined on or after jan 1 2016 or completed phd after dec 2015 they are also eligible and will get phd increment totally. Dear Crusader. it sort of feels you are only troubled concerning the UGC affilitated College Professors, Ass. Professor etc. and nothing case study replace about AICTE affiliated Engineering Colleges and Polytechnic who are deprived of 7th CPC. we aren’t getting any guidance what happened case study the record of Committee constituted by AICTE for Engg.
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