NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
THE EVOLUTION OF FACTORY ACT, 1948: A HISTORICAL OVERVIEW Introduction The Factory Act of 1948, a landmark legislation in India, played a pivotal role in regulating working conditions and improving the lives of industrial workers. This act marked a significant turning point in the history of labor laws and set the stage for subsequent reforms. […]
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100 IMPORTANT QUESTION WITH ANSWERS RELATED TO FUNCTIONS AND ROLE OF MONEY What is the function of money? Money serves as a medium of exchange, a unit of account, and a store of value. How does money facilitate transactions? Money eliminates the need for barter by providing a widely accepted medium of exchange that can
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EMPLOYMENT LAW AND SAFETY REGULATIONS IN THE OPERATION OF PLANT AND MACHINERY Introduction: In any industrial or manufacturing setting, the operation of plant and machinery is an essential aspect of daily operations. However, with the operation of these powerful and complex equipment come inherent risks to the safety and well-being of employees. To protect workers
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INTELLECTUAL PROPERTY RIGHTS AND INNOVATIONS IN PLANT AND MACHINERY Introduction Intellectual property rights (IPR) play a vital role in fostering innovation and protecting the interests of inventors and creators. While often associated with inventions and artistic works, IPR also extend to innovations in plant and machinery. In this article, we will explore the significance of
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ENVIRONMENTAL REGULATIONS AND COMPLIANCE FOR INDUSTRIAL PLANT AND MACHINERY Introduction: In recent years, the importance of environmental regulations and compliance has grown significantly. Governments and international organizations have recognized the need to protect the environment and mitigate the impact of industrial activities on ecosystems. As a result, industrial plant and machinery operators are now subject
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NAVIGATING PROPERTY LAWS FOR PLANT AND MACHINERY OWNERSHIP AND TRANSFERS Introduction: When it comes to owning and transferring plant and machinery, understanding the intricacies of property laws is essential. Whether you’re a business owner looking to purchase equipment or an individual interested in transferring ownership, navigating these laws can be complex. This article provides a
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PRODUCT LIABILITY LAWS AND MACHINERY: PROTECTING CONSUMERS AND MANUFACTURERS Introduction Product liability laws play a crucial role in safeguarding consumers and manufacturers in the realm of machinery. Machinery, ranging from industrial equipment to consumer appliances, holds the potential to cause significant harm if it is defective or unreasonably dangerous. Product liability laws ensure that both
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UNDERSTANDING EQUIPMENT LEASING AGREEMENTS: A GUIDE FOR PLANT AND MACHINERY Introduction: Equipment leasing agreements play a crucial role in the business world, allowing companies to access essential plant and machinery without the need for significant upfront investments. Leasing agreements provide flexibility, cost-effectiveness, and the ability to stay up-to-date with the latest technology. This guide aims
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LEGAL CONSIDERATIONS FOR PURCHASING PLANT AND MACHINERY: KEY POINTS TO REMEMBER Introduction: Purchasing plant and machinery is a significant investment for businesses across various industries. Whether you’re buying heavy equipment for construction, manufacturing machinery, or specialized tools for your operations, it is crucial to understand the legal considerations involved. This article highlights key points to
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100 IMPORTANT QUESTION WITH ANSWERS RELATED TO SINKING FUND What is a sinking fund? A sinking fund is a pool of money set aside regularly by an individual or organization to pay off a debt or fund a future liability. Why is a sinking fund important? A sinking fund helps ensure that funds are
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HOMEOWNERS’ ASSOCIATION (HOA) LAWS: RIGHTS AND RESPONSIBILITIES OF OWNERS Introduction Living in a community governed by a Homeowners’ Association (HOA) has become increasingly common in many residential areas. HOAs are established to maintain and regulate communities, ensuring a high standard of living for all residents. As a homeowner, it is crucial to understand your rights
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MORTGAGE LAWS AND REGULATIONS: PROTECTING BORROWERS AND LENDERS Introduction The mortgage industry plays a crucial role in the economy by providing individuals and families with the means to finance their homes. To ensure fairness, transparency, and stability in the lending process, governments around the world have established mortgage laws and regulations. These laws aim to
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