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# P^_i fW][ _dj[dj_edWbbo b[\j XbWda -
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Cfqrvgf!Tguqnwvkqp!$"$!�!Tgugtxg-!Dwfigv-!Icpp!Nkokv!'!Kpxguvogpv!Rqnke{!///////////////////////////////////////////////////////////////////////////!2.3!
Cfqrvgf!Tguqnwvkqp!$#!!�!Rc{0Ucnct{!Uejgfwng!!////////////////////////////////////////////////////////////////////////////////////////////////////////////////////!4.6!
Ekv{!Eqwpekn!!/////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////!7!
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Ekv{!Ocpcigt�u!Dwfigv!Oguucig!//////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////!9.22!
Dwfigv.Kp.C.Incpeg!//////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////!23.26!
Eqodkpgf!Uwooct{!qh!Cnn!Hwpfu!!///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////!27
Hwpf!Dcncpegu!!//////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////!28
Igpgtcn!Hwpf!Qxgtxkgy!///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////!29
Igpgtcn!Hwpf!Dwfigv!Uwooct{!//////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////!2;
Igpgtcn!Hwpf!Dwfigv!Fgvcknu!/////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////!31.33!
Igpgtcn!Hwpf!�!21.[gct!Dwfigv!Hqtgecuv!///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////!34.35!
Rtqrqugf!Igpgtcn!Hwpf!Hkuecn!Tgugtxg!!///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////!36!
Cfqrvgf!Tguqnwvkqp!;52!�!Igpgtcn!Hwpf!Tgugtxg!Rqnke{!/////////////////////////////////////////////////////////////////////////////////////////////////////!37.42!
Urgekcn!Tgxgpwgu!cpf!Tguvtkevgf!Hwpfu!!////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////!43.44
Urgekcn!Tgxgpwgu!cpf!Tguvtkevgf!Hwpfu!Ocvtkz!///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////!45
Tguvtkevgf!Hwpfu!Qxgtxkgy!//////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////!46
Tguvtkevgf!Hwpfu!Dwfigv!Uwooct{!)Eqodkpgf*!//////////////////////////////////////////////////////////////////////////////////////////////////////////////////////!47!
Tguvtkevgf!Hwpfu!Dwfigv!Uwooct{!d{!Hwpfu!///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////!48!
Tguvtkevgf!Hwpfu!Dwfigv!Fgvcknu!////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////!49.53
Ecrkvcn!Kortqxgogpv!Nkuv!//////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////!54.55
Icpp!Crrtqrtkcvkqp!Nkokv!//////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////!56.57
Uvchhkpi!Ngxgn!'!Ucnct{!Tcpig!/////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////!58
Hkuecn![gct!Jgcnvj!Tgrqtvu!/////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////!59.63
Uvcvgogpv!qh!Kpxguvogpv!Rqnke{!/////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////!64.71
# P^_i fW][ _dj[dj_edWbbo b[\j XbWda -
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60 =MI@ BkdZ 2,500 - - 2,500
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67 I[Wikh[ I BkdZ 27,816 - - 27,816
68 I[Wikh[ S BkdZ 80,000 - - 80,000
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67 I[Wikh[ I BkdZ - - - -
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BU2019-2
0BU
2020-2
1
BU2019-2
0BU
2020-2
1
BU2019-2
0BU
2020-2
1
AOPE
I=PA
@
BQJ
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J?A
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Rcig!28
C[d[hWb BkdZ OekhY[i
=YjkWb N[l[dk[
BU2018-19
Lhe`[Yj[Z N[l[dk[
BU2019-20
Lhefei[Z N[l[dk[
BU2020-21
Lhef[hjo PWn[i 1,424,773 1,522,157 1,616,486
Kj^[h HeYWb PWn[i 110,461 106,000 105,000
Edj[h[ij EdYec[ 270,530 255,000 255,000
Kj^[h PWn_d] Adj_j_[i 261,573 280,674 297,454
>k_bZ_d] WdZ OW\[jo 1,077,282 682,753 648,560
N[Yh[Wj_ed 32,443 32,479 33,000
Kj^[h N[l[dk[ 425,029 1,258,810 335,000
PhWdi\[hi Ed 220,690 862,791 253,108
PejWb N[l[dk[i 3,822,782 5,000,664 3,543,608
C[d[hWb BkdZ Qi[i
=YjkWb Anf[dZ_jkh[ BU2018-19
Lhe`[Yj[Z Anf[dZ_jkh[ BU2019-20
Lhefei[Z Anf[dZ_jkh[ BU2020-21
OWbWh_[i & >[d[\_ji 428,821 1,012,528 558,905
=Zc_d_ijhWj_ed 274,379 342,672 371,617
?ecckd_jo O[hl_Y[i 516,242 567,482 596,284
LkXb_Y OW\[jo 595,452 794,377 844,437
>k_bZ_d] & OW\[jo 765,960 800,220 806,081
IW_dj[dWdY[ 34,245 42,101 52,041
?Wf_jWb Ecfhel[c[dj 160,100 231,950 200,000
PhWdi\[hi Kkj 3,138 65,000 112,500
PejWb Anf[dZ_jkh[i 2,778,338 3,856,331 3,541,865
=YjkWb N[l[dk[BU2018-19
Lhe`[Yj[Z N[l[dk[BU2019-20
Lhefei[Z N[l[dk[BU2020-21
Lhef[hjo PWn[i Kj^[h HeYWb PWn[i
Edj[h[ij EdYec[ Kj^[h PWn_d] Adj_j_[i
>k_bZ_d] WdZ OW\[jo N[Yh[Wj_ed
Kj^[h N[l[dk[ PhWdi\[hi Ed
=YjkWb Anf[dZ_jkh[BU2018-19
Lhe`[Yj[Z Anf[dZ_jkh[BU2019-20
Lhefei[Z Anf[dZ_jkh[BU2020-21
OWbWh_[i & >[d[\_ji =Zc_d_ijhWj_ed
?ecckd_jo O[hl_Y[i LkXb_Y OW\[jo
>k_bZ_d] & OW\[jo IW_dj[dWdY[
?Wf_jWb Ecfhel[c[dj PhWdi\[hi Kkj
Rcig!29
Lh_eh U[Wh
=YjkWb
B_dWb =ffhel[Z
>kZ][j
U[Wh AdZ
Lhe`[Yj[Z Lhefei[Z >kZ][j
10 C[d[hWb BkdZ BU 2018-19 BU 2019-20 BU 2019-20 BU 2020-21
1,424,773 1,509,000 1,522,157 1,616,486
110,461 106,000 106,000 105,000
270,530 217,000 255,000 255,000
261,573 277,000 280,674 297,454
1,077,282 802,604 682,753 648,560
32,443 33,000 32,479 33,000
425,029 1,243,770 1,258,810 335,000
3,602,092 4,188,374 4,137,872 3,290,500
220,690 804,807 862,791 253,108
220,690 804,807 862,791 253,108
3,822,782 4,993,181 5,000,664 3,543,608
428,821 1,017,954 1,012,528 558,905
274,379 340,011 342,672 371,617
516,242 566,000 567,482 596,284
595,452 797,777 794,377 844,437
765,960 875,220 800,220 806,081
34,245 37,541 42,101 52,041
160,100 281,950 231,950 200,000
2,775,200 3,916,453 3,791,331 3,429,365
3,138 65,000 65,000 112,500
3,138 65,000 65,000 112,500
2,778,338 3,981,453 3,856,331 3,541,865
1,044,444 1,011,728 1,144,333 1,743
8,103,703 9,148,148 9,148,148 9,755,726
Qi[ e\ BkdZ N[i[hl[ 0 (536,754) (536,754) -
9,148,148 9,623,121 9,755,726 9,757,469
PejWb Anf[dZ_jkh[i & PhWdi\[hi
J[j ?^Wd][ _d BkdZ >WbWdY[
>[]_dd_d] BkdZ >WbWdY[
AdZ_d] BkdZ >WbWdY[
PejWb - PhWdi\[hi Kkj
IW_dj[dWdY[
?Wf_jWb Ecfhel[c[dj
PejWb Anf[dZ_jkh[i
PhWdi\[hi Kkj
PhWdi\[h je BkdZi
LkXb_Y OW\[jo
>k_bZ_d] & OW\[jo
OWbWh_[i & >[d[\_ji
=Zc_d_ijhWj_ed
?ecckd_jo O[hl_Y[i
Anf[dZ_jkh[i
Kj^[h N[l[dk[
PejWb N[l[dk[
PejWb N[l[dk[i & PhWdi\[hi
PejWb - PhWdi\[hi Ed
PhWdi\[hi Ed
PhWdi\[hi \hec BkdZi
Kj^[h PWn_d] Adj_j_[i
>k_bZ_d] WdZ OW\[jo
N[Yh[Wj_ed
Lhef[hjo PWn[i
Kj^[h HeYWb PWn[i
Edj[h[ij EdYec[
N[l[dk[i
Rcig!2;
Lh_eh U[Wh
=YjkWb
B_dWb =ffhel[Z
>kZ][j
U[Wh AdZ
Lhe`[Yj[Z Lhefei[Z >kZ][j
C[d[hWb BkdZ BU 2018-19 BU 2019-20 BU 2019-20 BU 2020-21
4100-00 Lhef[hjo PWn 1,043,769 1,098,000 1,105,851 1,175,202
4115-10 Lhef[hjo PWn - H_XhWho 381,004 411,000 416,306 441,284
1,424,773 1,509,000 1,522,157 1,616,486
4210-10 N[Wb Lhef[hjo PhWdi\[h PWn 99,548 101,000 101,000 100,000
4220-10 OWb[i & Qi[ PWn 10,914 5,000 5,000 5,000
110,461 106,000 106,000 105,000
4400-10 H=EB & >Wdai 87,143 61,000 55,000 55,000
4401-10 ?^Whb[i OY^mWX 183,386 156,000 200,000 200,000
270,530 217,000 255,000 255,000
4120-10 Lhef[hjo PWn _d H_[k e\ RHB 260,665 276,000 279,674 296,454
4245-10 Iejeh R[^_Yb[ Ed H_[k 908 1,000 1,000 1,000
261,573 277,000 280,674 297,454
4613-10 >k_bZ_d] & OW\[jo L[hc_ji 996,381 750,000 640,000 600,000
4614-10 LbWdd_d] B[[i 58,257 27,000 17,111 21,800
4615-10 Ad]_d[[h_d] B[[i 5,660 9,604 14,172 14,800
4616-10 Adl_hedc[djWb B[[i 16,984 16,000 11,469 11,960
1,077,282 802,604 682,753 648,560
4830-10 B_[ijW 32,443 33,000 32,479 33,000
32,443 33,000 32,479 33,000
4105-10 LO=B N[l[dk[ 23,558 23,000 23,000 23,000
4215-10 OY^mWX IWha[j N[l[dk[ 149,984 0 0 -
4230-10 OWb[ e\ Lhef = BkdZi 84,000 0 0 -
4350-10 O[jjb[c[dj LheY[[Zi 0 1,076,770 1,076,770 -
4605-10 BhWdY^_i[ B[[i - P[b[f^ed[ 4,220 4,000 4,000 4,000
4610-10 BhWdY^_i[ B[[i - AZ_ied 52,772 53,000 53,000 56,000
4620-10 BhWdY^_i[ B[[i - CWi 12,107 11,000 11,000 15,000
4621-10 BhWdY^_i[ B[[i - SWij[ DWkb[h 48,492 49,000 49,000 50,000
4622-10 BhWdY^_i[ B[[i - ?WXb[ 8,252 9,000 9,000 9,000
4623-10 SWij[ IWdW][c[dj B[[ 7,651 8,000 8,000 8,000
4625-10 =bWhc N[]_ijhWj_ed 8,140 8,000 10,700 8,000
4850-10 I_iY[bbWd[eki EdYec[ 839 2,000 2,000 2,000
6560-10 ChWdj N[l[dk[ 25,013 0 12,340 160,000
425,029 1,243,770 1,258,810 335,000PejWb - Kj^[h N[l[dk[
10
Kj^[h HeYWb PWn[i
PejWb - HeYWb PWn[i
Edj[h[ij EdYec[
PejWb - Edj[h[ij EdYec[
N[l[dk[i
Lhef[hjo PWn[i
PejWb - Lhef[hjo PWn[i
N[Yh[Wj_ed
PejWb - N[Yh[Wj_ed
Kj^[h N[l[dk[
Kj^[h PWn_d] Adj_j_[i
>k_bZ_d] WdZ OW\[jo
PejWb - >k_bZ_d] & OW\[jo
PejWb - Kj^[h PWn_d] Adj_j_[i
Rcig!31
Lh_eh U[Wh
=YjkWb
B_dWb =ffhel[Z
>kZ][j
U[Wh AdZ
Lhe`[Yj[Z Lhefei[Z >kZ][j
C[d[hWb BkdZ BU 2018-19 BU 2019-20 BU 2019-20 BU 2020-21
3,602,092 4,188,374 4,137,872 3,290,500
4901-10 PhWdi\[h \hec ?KLO BkdZ 161,251 100,000 158,985 100,000
4905-10 PhWdi\[h \hec CWi PWn 59,440 68,053 67,052 73,108
4907-10 PhWdi\[h \hec I[Wikh[ S 0 100,000 100,000 80,000
4910-10 PhWdi\[h \hec C[d BkdZ N[i[hl[ 0 536,754 536,754 -
220,690 804,807 862,791 253,108
3,822,782 4,993,181 5,000,664 3,543,608
5100-10 ?_jo IWdW][h 155,721 179,000 178,369 187,000
5115-10 ?[bb L^ed[ =bbemWdY[ 969 900 900 900
5120-10 =Zc_d_ijhWj_l[ =dWboij 0 0 0 62,000
5130-10 ?_jo ?b[ha 78,718 83,000 82,655 87,000
5140-10 =YYekdj_d] Of[Y_Wb_ij 71,989 75,000 74,151 78,000
5150-10 LWohebb PWn[i 8,484 10,500 10,500 13,000
5160-10 Seha[hi ?ecf 10,868 10,000 7,500 9,000
5170-10 ?WbLANO N[j_h[c[dj 39,140 45,000 45,000 60,000
5175-10 ?WbLANO Qd\kdZ[Z H_WX_b_jo 22,963 567,054 566,992 505
5180-10 Chekf D[Wbj^ EdikhWdY[ 36,774 43,000 42,469 56,000
5190-10 @[djWb & R_i_ed EdikhWdY[ 3,196 4,500 3,992 5,500
428,821 1,017,954 1,012,528 558,905
5200-10 ?_jo =jjehd[o 41,709 80,000 80,000 80,000
5205-10 ?_jo =kZ_jeh 34,465 34,000 34,000 38,000
5210-10 @k[i - HRI?KC 23,500 20,000 20,000 20,000
5215-10 @k[i & OkXiYh_fj_edi 10,745 11,000 11,052 12,500
5220-10 H_WX_b_jo EdikhWdY[ 12,991 18,711 16,863 22,517
5225-10 >bWda[j B_Z[b_jo >edZ 750 800 750 800
5230-10 Lhef[hjo EdikhWdY[ 3,956 4,200 3,968 4,300
5250-10 Ab[Yj_ed 12,355 500 500 11,000
5255-10 I_iY[bbWd[eki Anf[di[ 5,672 5,000 5,000 5,000
5260-10 J[mib[jj[h 15,773 17,000 17,000 17,000
5270-10 K\\_Y[ Anf[di[ 25,651 39,800 42,000 35,000
5275-10 @WjW LheY[ii_d]/EP Okffehj 20,330 22,000 22,000 28,000
5280-10 P[b[f^ed[ 5,524 10,000 6,539 10,500
5285-10 Qj_b_j_[i 23,163 26,000 31,000 32,000
5290-10 PhWl[b & I[[j_d]i 4,818 12,000 12,000 13,000
5295-10 OY^mWX O[hl_Y[ ?^Wh][i 32,977 39,000 40,000 42,000
274,379 340,011 342,672 371,617
10
PejWb N[l[dk[
OWbWh_[i & >[d[\_ji
PejWb - OWbWh_[i & >[d[\_ji
=Zc_d_ijhWj_ed
PhWdi\[hi Ed
PejWb - PhWdi\[hi Ed
PejWb N[l[dk[i & PhWdi\[hi
Anf[dZ_jkh[i
PejWb - =Zc_d_ijhWj_ed
Rcig!32
Lh_eh U[Wh
=YjkWb
B_dWb =ffhel[Z
>kZ][j
U[Wh AdZ
Lhe`[Yj[Z Lhefei[Z >kZ][j
C[d[hWb BkdZ BU 2018-19 BU 2019-20 BU 2019-20 BU 2020-21
5240-10 ?ecckd_jo =ii_ijWdY[ 3,059 15,000 15,000 15,000
5500-10 B_[ijW 132,178 140,000 136,176 140,000
5510-10 H_XhWho 381,004 411,000 416,306 441,284
516,242 566,000 567,482 596,284
5600-10 Leb_Y[ Lhej[Yj_ed/OP=N 469,514 548,325 548,325 590,687
5610-10 Okffb[c[djWb L.O. Okffehj 67,551 186,052 186,052 181,750
5620-10 Ac[h][dYo OlYi ?eehZ_dWjeh 28,713 36,000 36,000 36,000
5625-10 @_iWij[h Lh[fWh[Zd[ii 25,559 20,000 20,000 30,000
5630-10 O[Yh[jWh_Wb O[hl_Y[i 560 1,400 0 -
5640-10 =d_cWb ?edjheb 3,556 6,000 4,000 6,000
595,452 797,777 794,377 844,437
5700-10 Ad]_d[[h_d] 162,914 181,206 181,206 184,949
5710-10 >k_bZ_d] WdZ OW\[jo 359,173 440,000 365,000 380,000
5720-10 LbWdd_d] 61,465 58,000 58,000 62,000
5730-10 JL@AO/Adl_hedc[djWb 182,409 196,014 196,014 179,132
765,960 875,220 800,220 806,081
5800-10 FWd_jeh_Wb 10,920 11,500 16,060 24,000
5805-10 Ojh[[j ?b[Wd_d] 2,041 2,041 2,041 2,041
5810-10 CWhZ[d O[hl_Y[ 3,812 4,000 4,000 5,000
5820-10 N[fW_hi/IW_dj[dWdY[ 17,472 20,000 20,000 21,000
34,245 37,541 42,101 52,041
5901-10 ?_jo DWbb Ecfhel[c[dj 122,700 250,000 200,000 100,000
5909-10 QdZ[h]hekdZ_d] 37,400 0 0 -
5910-10 B_X[h je j^[ Dec[ 0 31,950 31,950 100,000
160,100 281,950 231,950 200,000
2,775,200 3,916,453 3,791,331 3,429,365
7604-10 PhWdi\[h je I[Wikh[ N Dmo 0 65,000 65,000 112,500
7605-10 PhWdi\[h je ?KLi BkdZ 3,138 0 0 -
3,138 65,000 65,000 112,500
2,778,338 3,981,453 3,856,331 3,541,865
1,044,444 1,011,728 1,144,333 1,743
8,103,703 9,148,148 9,148,148 9,755,726
3911-10 Qi[ e\ BkdZ N[i[hl[ 0 (536,754) (536,754) -
9,148,148 9,623,121 9,755,726 9,757,469
10
>k_bZ_d] & OW\[jo
?ecckd_jo O[hl_Y[i
PejWb - ?ecckd_jo O[hl_Y[i
LkXb_Y OW\[jo
PejWb - LkXb_Y OW\[jo
>[]_dd_d] BkdZ >WbWdY[
AdZ_d] BkdZ >WbWdY[
PejWb Anf[dZ_jkh[i & PhWdi\[hi
J[j ?^Wd][ _d BkdZ >WbWdY[
PejWb - >k_bZ_d] & OW\[jo
IW_dj[dWdY[
PejWb - IW_dj[dWdY[
PejWb - ?Wf_jWb Ecfhel[c[dj
PhWdi\[hi Kkj
?Wf_jWb Ecfhel[c[dj
PejWb - PhWdi\[hi Kkj
PejWb Anf[dZ_jkh[i
Rcig!33
Lhe
fei
[Z >
kZ][
j
C[d
[hWb B
kdZ
BU 2
020-2
1BU
2021-2
2BU
2022-2
3BU
2023-2
4BU
2024-2
5BU
2025-2
6BU
2026-2
7BU
2027-2
8BU
2028-2
9BU
2029-3
0BU
2030-3
1
4100-0
0Lhe
f[h
jo P
Wn
1,1
75,2
02
1,1
84,8
71
1,2
44,1
15
1,3
06,3
21
1,3
71,6
37
1,4
40,2
19
1,5
12,2
30
1,5
87,8
41
1,6
67,2
33
1,7
50,5
95
1,8
38,1
25
4115-1
0Lhe
f[h
jo P
Wn
- H_
XhW
ho441,2
84
445,6
97
467,9
82
491,3
81
515,9
50
541,7
47
568,8
35
597,2
76
627,1
40
658,4
97
691,4
22
1,6
16,4
86
1,6
30,5
68
1,7
12,0
97
1,7
97,7
02
1,8
87,5
87
1,9
81,9
66
2,0
81,0
64
2,1
85,1
17
2,2
94,3
73
2,4
09,0
92
2,5
29,5
47
00
4210-1
0N[W
b Lhe
f[h
jo P
hWdi\
[h P
Wn
100,0
00
104,2
32
104,2
32
104,2
32
104,2
32
104,2
32
104,2
32
104,2
32
104,2
32
104,2
32
104,2
32
4220-1
0OWb[
i &
Qi[
PWn
5,0
00
11,4
00
11,4
00
11,4
00
11,4
00
11,4
00
11,4
00
11,4
00
11,4
00
11,4
00
11,4
00
105,0
00
115,6
32
115,6
32
115,6
32
115,6
32
115,6
32
115,6
32
115,6
32
115,6
32
115,6
32
115,6
32
4400-1
0H=
EB &
>Wdai
55,0
00
57,0
69
59,1
38
61,2
06
63,2
75
65,3
44
67,4
13
69,4
82
71,5
51
73,6
19
75,6
88
4401-1
0?^Whb[i
OY^
mWX
200,0
00
207,0
93
214,1
85
221,2
78
228,3
71
235,4
63
242,5
56
249,6
49
256,7
41
263,8
34
270,9
27
255,0
00
264,1
61
273,3
23
282,4
84
291,6
46
300,8
07
309,9
69
319,1
30
328,2
92
337,4
53
346,6
15
00
4120-1
0Lhe
f[h
jo P
Wn
_d H
_[k e
\ RHB
296,4
54
308,6
20
320,7
85
332,9
51
345,1
16
357,2
82
369,4
47
381,6
13
393,7
78
405,9
44
418,1
10
4245-1
0I
eje
h R[^
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Ed H
_[k
1,0
00
1,0
00
1,0
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1,0
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1,0
00
1,0
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1,0
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1,0
00
1,0
00
1,0
00
1,0
00
297,4
54
309,6
20
321,7
85
333,9
51
346,1
16
358,2
82
370,4
47
382,6
13
394,7
78
406,9
44
419,1
10
4613-1
0>k_bZ_d
] &
OW\[
jo L
[hc
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600,0
00
770,0
00
770,0
00
770,0
00
770,0
00
770,0
00
770,0
00
770,0
00
770,0
00
770,0
00
770,0
00
4614-1
0LbW
dd_d
] B[
[i21,8
00
70,0
00
70,0
00
70,0
00
70,0
00
70,0
00
70,0
00
70,0
00
70,0
00
70,0
00
70,0
00
4615-1
0Ad]_
d[[
h_d]
B[[i
14,8
00
6,0
00
6,0
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6,0
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6,0
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6,0
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6,0
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6,0
00
6,0
00
6,0
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6,0
00
4616-1
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b B[[
i11,9
60
12,0
00
12,0
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12,0
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12,0
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12,0
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00
12,0
00
12,0
00
12,0
00
648,5
60
858,0
00
858,0
00
858,0
00
858,0
00
858,0
00
858,0
00
858,0
00
858,0
00
858,0
00
858,0
00
4830-1
0B_
[ijW
33,0
00
33,3
30
33,6
63
34,0
00
34,3
40
34,6
83
35,0
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35,3
80
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00
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00
1,0
00
45,0
00
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100,0
00
2,7
02,9
08
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00
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48)
602
34,7
32
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44)
(27,2
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27,8
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00)
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25,7
28
410,9
66
48,6
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51,5
53
187,3
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69,6
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3,0
28
44,3
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39,5
76
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27,7
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380,4
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86,2
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(16,708) (82,655) (37,307) (30,548)
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5910 B_X[h Pe P^[ Dec[ 1,000,000 C[d[hWb BkdZ 100,000 100,000
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?^Wd][i cWZ[;
1980 q P^[ OjWj[ H[]_ibWjkh[ WZZ[Z O[Yj_ed 9710 je Cel[hdc[dj ?eZ[ h[gk_h_d] j^[ ]el[hd_d] XeZo e\ [WY^ beYWb `kh_iZ_Yj_ed je [ijWXb_i^, Xo h[iebkj_ed, Wd Wffhefh_Wj_ed b_c_j \eh j^[ \ebbem_d] o[Wh. P^[ Wffhefh_Wj_edi b_c_j \eh Wdo \_iYWb o[Wh mWi [gkWb je j^[ fh[l_eki o[Wh'i b_c_j, WZ`kij[Z \eh fefkbWj_ed Y^Wd][i WdZ j^[ Y^Wd][ _d j^[ Q.O. ?edikc[h Lh_Y[ EdZ[n (eh ?Wb_\ehd_W f[h ?Wf_jW L[hiedWb EdYec[, _\ icWbb[h). P^_i ijWj_ij_YWb _d\ehcWj_ed _i fhel_Z[Z Xo j^[ ?Wb_\ehd_W @[fWhjc[dj e\ B_dWdY[ [l[ho o[Wh.
1990 - ?Wb_\ehd_W lej[hi Wffhel[Z Lhefei_j_ed 111, Wc[dZ_d] =hj_Yb[ TEEE->. = ?_jo cWo Y^eei[ WddkWb WZ`kijc[dj \WYjeh _dYbkZ_d] ]hemj^ _d j^[ ?Wb_\ehd_W L[h ?Wf_jW EdYec[ eh j^[ ]hemj^ _d j^[ ded-h[i_Z[dj_Wb Wii[ii[Z lWbkWj_ed Zk[ je YedijhkYj_ed m_j^_d j^[ ?_jo, WdZ j^[ fefkbWj_ed ]hemj^ m_j^_d j^[ ?_jo. =hj_Yb[ TEEE > eh_]_dWbbo h[gk_h[Z j^Wj [nY[ii h[l[dk[i h[Y[_l[Z Xo j^[ ijWj[ WdZ beYWb ]el[hdc[dji X[ h[XWj[Z je jWnfWo[hi _d j^[ \ebbem_d] o[Wh. Lhefei_j_ed 111 _dij[WZ fhel_Z[i j^Wj [nY[ii h[l[dk[i X[ [ijWXb_i^[Z el[h W jme-o[Wh f[h_eZ, WdZ j^Wj j^[o X[ Z_l_Z[Z [gkWbbo X[jm[[d h[XWj[i je jWnfWo[hi WdZ Lhefei_j_ed 98 [ZkYWj_edWb if[dZ_d].
r=ffhefh_Wj_edi ikX`[Yj je b_c_jWj_eds e\ Wd [dj_jo e\ beYWb ]el[hdc[dj c[Wdi Wdo Wkj^eh_pWj_ed je [nf[dZ Zkh_d] W \_iYWb o[Wh
j^[ fheY[[Zi e\ jWn[i b[l_[Z Xo eh \eh j^Wj [dj_jo WdZ j^[ fheY[[Zi e\ ijWj[ ikXl[dj_edi je j^Wj [dj_jo (ej^[h j^Wd ikXl[dj_edi
cWZ[ fkhikWdj je O[Yj_ed 6)* [nYbki_l[ e\ h[\kdZi e\ jWn[i.
=Z`kijc[dj BWYjehi (% NWj_e)
LefkbWj_ed BWYjeh 1.0032
Chemj^ BWYjeh 1.0373
?WbYkbWj_ed e\ BWYjehi \eh BU 2020-21 1.0406
Rcig!56
Lhef[hjo PWn 1,175,202
N[Wb Lhef[hjo PhWdi\[h PWn 100,000
OWb[i & Qi[ PWn 5,000
Lhef[hjo PWn _d H_[k e\ RHB 296,454
Iejeh R[^_Yb[ Ed H_[k 1,000
LO=B N[l[dk[ 23,000
>ki_d[ii H_Y[di[ -
H[ii AnYbki_edi -
Rcig!57
Ekv{!Ocpcigt!! ! %298-111!)Rgt!Eqpvtcev*!
Cfokpkuvtcvkxg!Cpcn{uv!)Pgy*! VDF!
Ekv{!Engtm!! %81-111!.!%;1-111!cppwcnn{!)gzgorv*!
Ceeqwpvkpi!Urgekcnkuv!! ! %36/2;!vq!%48/81!rgt!jqwt!)pqp.gzgorv*
Rcig!58
P^_i "B_iYWb D[Wbj^ N[fehj" _i W \_dWdY_Wb ced_jeh_d] ioij[c j^Wj Yecfkj[i W dkcX[h e\ "\WYjehi" WdZ YecfWh[i j^[ h[ikbji el[h j_c[. Eji fkhfei[ _i je fhel_Z[ j^[ ?_jo ?ekdY_b m_j^ W Yecfh[^[di_l[ beea Wj j^[ \_dWdY_Wb YedZ_j_ed e\ j^[ ?_jo el[h j^[ fh[l_eki j[d-o[Wh f[h_eZ je ̂ [bf [dikh[ j^[ ?_jo'i Yedj_dk[Z \kjkh[ \_iYWb ̂ [Wbj^. Ied_jeh_d] ioij[ci YWd ]_l[ [Whbo mWhd_d]i e\ jh[dZi X[\eh[ j^[o X[Yec[ cW`eh fheXb[ci.
P^[ i[b[Yj[Z \WYjehi (i[[ WjjWY^[Z) Wh[ YWbYkbWj[Z el[h j_c[ WdZ jh[dZi Wh[ [ijWXb_i^[Z WdZ ]hWf^[Z. @WjW \eh Wbb \WYjehi ̂ Wi X[[d [njhWYj[Z \hec WddkWb WkZ_j h[fehji \hec 2010 j^hek]^ 2019, WdZ j^[ bWj[ij o[Wh-[dZ fhe`[Yj_edi \eh h[l[dk[i WdZ [nf[dZ_jkh[i WYYekdj \eh j^[ ZWjW h[\b[Yj[Z \eh 2020 (B_iYWb U[Wh 2019-20). Jej[ j^Wj h[l[dk[i WdZ [nf[dZ_jkh[i ̂ Wl[ dej X[[d WZ`kij[Z \eh _d\bWj_ed WdZ j^[h[\eh[ Ze dej h[fh[i[dj YedijWdj ZebbWh YecfWh_iedi.
Ph[dZi Wh[ `kZ][Z Wi ijWXb[, \WlehWXb[ eh kd\WlehWXb[. E\ W ieb_Z jh[dZ _i dej [ijWXb_i^[Z, j^[ \WYjeh cWo X[ hWj[Z Wi W YecX_dWj_ed ikY^ Wi ijWXb[/\WlehWXb[ eh ijWXb[/kd\WlehWXb[. O[l[hWb \WYjehi ki[ fefkbWj_ed Wi W Yecfed[dj e\ j^[ \ehckbW. P^[ _dj[dj _i je i^em _\ h[l[dk[i WdZ [nf[dZ_jkh[i Wh[ a[[f_d] fWY[ m_j^ fefkbWj_ed Y^Wd][i m^_Y^ c_]^j _dYh[Wi[ Z[cWdZ \eh i[hl_Y[i. S^_b[ j^[ ?_jo'i fefkbWj_ed ̂ Wi ̂ _ijeh_YWbbo X[[d l[ho ijWXb[, j^[ f[h YWf_jW \ehckbW _i ij_bb lWb_Z \eh fkhfei[i e\ [ijWXb_i^_d] W h[bWj_edi^_f X[jm[[d j^[ \WYjehi. B_dWbbo, _j _i Wbie _cfehjWdj je l_[m j^[ \WYjehi _d h[bWj_ed je [WY^ ej^[h. P^[h[\eh[, Wd kd\WlehWXb[ jh[dZ _d [nf[dZ_jkh[i YecX_d[Z m_j^ W \WlehWXb[ jh[dZ _d h[l[dk[i i^ekbZ dej d[Y[iiWh_bo hW_i[ Wd _cc[Z_Wj[ YedY[hd. Kd j^[ ej^[h ̂ WdZ, ijWXb[ eh Z[Yb_d_d] h[l[dk[i YecX_d[Z m_j^ _dYh[Wi_d] [nf[dZ_jkh[i YekbZ fei[ W fheXb[c _d W l[ho i^ehj j_c[.
Ed h[l_[m_d] j^[ \_dZ_d]i h[\b[Yj[Z _d j^[ lWh_eki \WYjehi, W jejWb e\ \ekh \WYjehi m[h[ ̀ kZ][Z Wi \WlehWXb[, jme m[h[ ijWXb[ WdZ ed[ ijWXb[/kd\WlehWXb[ Wi dej[Z X[bem;
B=?PKN PNAJ@
#1 N[l[dk[ L[h ?Wf_jW BWlehWXb[
#2 Lhef[hjo PWn N[l[dk[ L[h ?Wf_jW BWlehWXb[
#3 Anf[dZ_jkh[ L[h ?Wf_jW OjWXb[
#4 LkXb_Y OW\[jo Anf[dZ_jkh[ L[h ?Wf_jW OjWXb[
#5 N[l[dk[ & Anf[dZ_jkh[ L[h ?Wf_jW BWlehWXb[
#6 LefkbWj_ed Chemj^ BWlehWXb[
#7 >k_bZ_d] L[hc_j N[l[dk[ Wi W % e\ PejWb C[d[hWb BkdZ OjWXb[/Qd\WlehWXb[
S_j^ j^[ ?_joti fh_cWho h[l[dk[ iekhY[ Yec_d] \hec fhef[hjo jWn[i WdZ j^[ ̂ [Wbj^o h[i[hl[, j^[ ?_joti B_iYWb ̂ [Wbj^ h[cW_di
ijhed]. Kd[ ZemdmWhZ jh[dZ WiieY_Wj[Z m_j^ Xk_bZ_d] f[hc_j h[l[dk[ i^ekbZ dej hW_i[ jee ckY^ WbWhc. Jed[j^[b[ii, j^_i
h[l[dk[ iekhY[, j^[ ?_joti i[YedZ ̂ _]^[ij, i^ekbZ X[ ced_jeh[Z YWh[\kbbo _d j^[ Yec_d] \_iYWb o[Wh.
Rcig!59
@AO?NELPEKJ - P^_i \WYjeh _i Z[i_]d[Z je i^em m^[j^[h h[l[dk[i Wh[ a[[f_d] fWY[ m_j^ [nf[dZ_jkh[i, ]hemj^ _d j^[ Yecckd_jo, [jY. Beh [nWcfb[, _\ h[l[dk[i Wh[ Z[Yh[Wi_d], W ckd_Y_fWb_jo c_]^j dej X[ WXb[ je cW_djW_d i[hl_Y[ b[l[bi kdb[ii d[m h[l[dk[ iekhY[i Wh[ \ekdZ. Ed j^[ YWi[ e\ D_ZZ[d D_bbi, h[l[dk[i f[h YWf_jW Z[Yh[Wi[Z _d 2009 WdZ 2010 Zkh_d] j^[ h[Y[dj h[Y[ii_ed. N[l[dk[ ijWhj[Z je h[XekdZ _d 2011. = ib_]^j kfj_Ya _d 2015 WdZ 2016 YWd X[ Wjjh_Xkj[Z je _dYh[Wi[Z Xk_bZ_d] WYj_l_jo _d 2015 WdZ h_i_d] ̂ ec[ lWbk[i. S^_b[ j^[ ?_jo'i fefkbWj_ed Ze[i dej Y^Wd][ ZhWcWj_YWbbo, j^_i \WYjeh [nWc_d[Z _d Yed`kdYj_ed m_j^ [nf[dZ_jkh[i f[h YWf_jW (i[[ B=?PKN 3) fhel_Z[i W h[b[lWdj YecfWh_ied e\ f[h\ehcWdY[. P^_i \WYjeh i^ekbZ X[ mWjY^[Z Ybei[bo _d h[bWj_ed je B=?PKN 3.
BKNIQH= - PejWb Kf[hWj_d] N[l[dk[ LefkbWj_ed
S=NJEJC OECJ - @[Yh[Wi_d] ef[hWj_d] h[l[dk[ f[h YWf_jW ikijW_d[Z el[h ckbj_fb[ o[Whi.
PNAJ@ - BWlehWXb[
@AO?NELPEKJ - O_dY[ j^[ fhef[hjo jWn Yedij_jkj[i ikY^ W bWh][ f[hY[djW][ e\ j^[ C[d[hWb BkdZ h[l[dk[, j^_i \WYjeh _i [nWc_d[Z W]W_dij ?_jo e\ D_ZZ[d D_bbi fefkbWj_ed. =j W c_d_ckc, fhef[hjo h[l[dk[ i^ekbZ dej X[ Z[Yh[Wi_d] m^[d YecfWh[Z je fefkbWj_ed. Lhef[hjo jWn WdZ cejeh l[^_Yb[ _d b_[k h[l[dk[ _i YecX_d[Z Wi _d 2006, j^[ OjWj[ h[Z_h[Yj[Z W fehj_ed e\ fhef[hjo jWn h[l[dk[ je ckd_Y_fWb_j_[i WdZ rXWYa\_bb[Zs j^ei[ h[l[dk[i m_j^ W fehj_ed e\ cejeh l[^_Yb[ b_Y[di[ \[[i. Gdemd Wi j^[ rjh_fb[ \b_fs j^[ ?_joti WkZ_jehi YecX_d[ j^[i[ jme h[l[dk[ iekhY[i _dje j^[ fhef[hjo jWn b_d[ _j[c [WY^ o[Wh. Ed j^[ YWi[ e\ D_ZZ[d D_bbi ib_]^j ]hemj^ [WY^ o[Wh _dZ_YWj[i W \WlehWXb[ fei_j_ed. Dem[l[h, ijW\\ i^ekbZ cWa[ _j W fhWYj_Y[ je Yedj_dkWbbo ced_jeh j^_i Yh_j_YWb h[l[dk[ iekhY[.
BKNIQH= - Lhef[hjo PWn + Lhef[hjo PWn Ed H_[k e\ RHB LefkbWj_ed
PNAJ@ - BWlehWXb[
940 1,038 1,064 1,041 1,061
1,276 1,263 1,368
1,496
1,935
2,215
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
492 507 544 560 557
591
655 663 692
754 796
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Rcig!5;
@AO?NELPEKJ - P^_i \WYjeh _i Z[i_]d[Z je i^em j^[ Yeij-f[h-f[hied e\ fhel_Z_d] ?_jo i[hl_Y[i. EdYh[Wi_d] [nf[dZ_jkh[i f[h YWf_jW Wh[ jhekXb[iec[ _\ h[l[dk[i f[h YWf_jW Wh[ ijWXb[ eh Z[Yb_d_d]. Ed j^[ YWi[ e\ D_ZZ[d D_bbi [nf[dZ_jkh[i f[h YWf_jW ̂ Wl[ X[]kd je rYh[[fs kf i_dY[ W Z_f _d 2013. S^_b[ j^_i _dYh[Wi[ YWd X[ Wjjh_Xkj[Z je i[l[hWb \WYjehi _dYbkZ_d]; (1) _dYh[Wi[Z fkXb_Y iW\[jo [nf[dZ_jkh[i< (2) [nf[dZ_jkh[i h[bWj[Z je mWj[h gkWb_jo cWdZWj[i< (3) WZZ_j_edWb [d]_d[[h_d] ijW\\< WdZ (4) _dYh[Wi[Z YWf_jWb fhe`[Yj [nf[di[i, j^_i \WYjeh i^ekbZ X[ ced_jeh[Z YWh[\kbbo [if[Y_Wbbo _d b_d[ m_j^ h[l[dk[ f[h YWf_jW _d j^[ Yec_d] o[Whi.
BKNIQH= - PejWb Kf[hWj_d] Anf[dZ_jkh[i LefkbWj_ed
S=NJEJC OECJ - O_]d_\_YWdjbo _dYh[Wi_d] ef[hWj_d] [nf[dZ_jkh[i f[h YWf_jW, [if[Y_Wbbo m^[d YecX_d[Z m_j^ W ijWXb[ eh kd\WlehWXb[ jh[dZ _d B=?PKN 1 - N[l[dk[i L[h ?Wf_jW.
PNAJ@ q OjWXb[
@AO?NELPEKJ - O_dY[ fkXb_Y iW\[jo [nf[dZ_jkh[i h[fh[i[dj ikY^ W bWh][ fehj_ed e\ jejWb ef[hWj_d] [nf[dZ_jkh[i, j^_i _j[c mWi [nWc_d[Z i[fWhWj[bo. Ej i^ekbZ X[ dej[Z j^Wj X[]_dd_d] _d 2012, j^[ ?_jo WkZ_j X[]Wd je _dYbkZ[ h[ijh_Yj[Z ?KLO \kdZi _d j^[ el[hWbb fkXb_Y iW\[jo [nf[dZ_jkh[. Ej _i X[b_[l[Z j^Wj f[h YWf_jW if[dZ_d] _d bWm [d\ehY[c[dj fh_eh je 2012 h[\[h[dY[Z _d j^_i Y^Whj Ze[i dej _dYbkZ[ ?KLO \kdZi. >[]_dd_d] _d BU 2017/18 ?KLO BkdZi Wh[ i^emd _d h[l[dk[ WdZ [nf[dZ_jkh[ b_d[ _j[ci _d Wd [\\ehj je i^em j^[ jhk[ Yeij e\ bWm [d\ehY[c[dj i[hl_Y[i. Ed WZZ_j_ed je _dYbkZ_d] bWm [d\ehY[c[dj Yeiji, LkXb_Y OW\[jo Anf[dZ_jkh[i f[h YWf_jW _dYbkZ[ Yeiji WiieY_Wj[Z m_j^ [c[h][dYo fh[fWh[Zd[ii, iY^eeb Yheii_d] ]kWhZi, WdZ Wd_cWb YWh[ WdZ Yedjheb. EdYh[Wi[i _d [nf[dZ_jkh[i el[h j^[ bWij j[d o[Whi ^Wl[ X[[d j^[ Z_h[Yj h[ikbj e\ ceZ[ij Yekdjo hWj[ WZ`kijc[dji fWii[Z Wbed] je YedjhWYj Y_j_[i.
BKNIQH= - LkXb_Y OW\[jo Anf[dZ_jkh[i LefkbWj_ed
S=NJEJC OECJ - O_]d_\_YWdjbo _dYh[Wi_d] f[h YWf_jW [nf[dZ_jkh[i.
PNAJ@ q OjWXb[
982 983 1,056
879 933 944
1,156 1,184 1,197
1,490
1,742
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
$147 $148
$192
$220 $215$234
$254$276 $276
$320
$425
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Rcig!61
@AO?NELPEKJ - P^_i jWXb[ i^emi BWYjehi 1 WdZ 3 YecX_d[Z WdZ fhel_Z[ W ]hWf^_Y Z_ifbWo e\ j^[ h[bWj_edi^_f X[jm[[d j^[ jme. >[]_dd_d] _d 2008 h[l[dk[i X[]Wd je Z[Yb_d[ m^_b[ [nf[di[i _dYh[Wi[Z. Bebbem_d] 2012, m^[d h[l[dk[i WdZ [nf[dZ_jkh[i m[h[ Wffhen_cWj[bo [gkWb fWhj_Wbbo Zk[ je W $200,000 ?ecckd_jo =ii_ijWdY[ ChWdj fhel_Z[Z je j^[ DD?=, [nf[dZ_jkh[i Zheff[Z m^_b[ h[l[dk[i Yb_cX[Z.
S=NJEJC OECJ - O_]d_\_YWdjbo _dYh[Wi_d] f[h YWf_jW [nf[dZ_jkh[i YecX_d[Z m_j^ ijWXb[ eh Z[Yb_d_d] f[h YWf_jWb h[l[dk[i.
PNAJ@ - BWlehWXb[
@AO?NELPEKJ - P^_i jWXb[ i_cfbo _bbkijhWj[i fefkbWj_ed Chemj^ XWi[Z ed Xej^ OjWj[ @[fWhjc[dj e\ B_dWdY[ (LefkbWj_ed N[i[WhY^ Qd_j) WdZ j^[ Q.O. @[fWhjc[dj e\ ?ecc[hY[, >kh[Wk e\ ?[diki WdZ J[_]^Xeh^eeZ OjWj_ij_Yi Lhe]hWc. Beh [c[h]_d] eh Z[l[bef_d] Y_j_[i, fefkbWj_ed ]hemj^ _i kikWbbo W a[o Yedjh_Xkjeh je Wd _dYh[Wi[ _d i[hl_Y[ Z[b_l[ho Yeiji. Dem[l[h, _d D_ZZ[d D_bbti YWi[, fefkbWj_ed ]hemj^ ̂ Wi X[[d [ii[dj_Wbbo \bWj \eh j^[ fWij j[d o[Whi.
S=NJEJC OECJ - EdYh[Wi_d] fefkbWj_ed WdZ WYYecfWdo_d] i[hl_Y[ Z[cWdZi _d j^[ \WY[ e\ ijWj_Y eh Z[Yb_d_d] C[d[hWb BkdZ N[l[dk[i.
PNAJ@ - BWlehWXb[
940 1,038 1,064 1,041 1,061
1,276 1,263 1,368
1,496
1,935
2,215
982 983 1,056
879 933 944
1,156 1,184 1,197
1,490
1,742
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
18631871 1867 1863
18691860
1872 18761885
18621868
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
LKLQH=PEKJ
Rcig!62
@AO?NELPEKJ - P^_i \WYjeh _bbkijhWj[i j^[ [\\[Yj ed f[hc_j h[l[dk[ h[bWj[Z je Z[Yb_d[i _d YedijhkYj_ed WYj_l_jo WdZ i^ekbZ X[ mWjY^[Z Ybei[bo. P^[ jWXb[ X[bem h[\b[Yji W hWj^[h \bWj f[h_eZ e\ Xk_bZ_d] f[hc_j h[l[dk[ m^_Y^ YWd X[ Wjjh_Xkj[Z je j^[ 2008 h[Y[ii_ed. >k_bZ_d] WYj_l_jo X[]Wd je h[XekdZ _d 2012 m^_b[ h[WY^_d] W f_ddWYb[ _d 2018. Lh_eh je j^[ 2020 fWdZ[c_Y, ijW\\ X[]Wd je dej_Y[ W Z[Yh[Wi[ _d Xk_bZ_d] f[hc_j h[l[dk[. P^_i jh[dZ cWo Yedj_dk[ Wi W h[ikbj e\ j^[ fWdZ[c_Y. P^_i h[l[dk[ iekhY[ i^ekbZ X[ ced_jeh[Z YWh[\kbbo _d if_j[ e\ j^[ \WYj j^Wj W ^_]^ f[hY[djW][ e\ Xk_bZ_d] h[bWj[Z [nf[di[ _i j_[Z Z_h[Yjbo je j^[ Xk_bZ_d] h[l[dk[.
BKNIQH= - PejWb L[hc_j N[l[dk[i PejWb C[d[hWb BkdZ N[l[dk[i
S=NJEJC OECJ - @[Yh[Wi[Z h[l[dk[ m_j^ekj Yehh[ifedZ_d] Z[Yh[Wi[i _d [nf[dZ_jkh[i.
PNAJ@ q OjWXb[/Qd\WlehWXb[
20%
12%
26%
20% 21%
32%
24%26%
43%
29%
19%
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Rcig!63
1.0 Leb_Yo;
P^_i Edl[ijc[dj Leb_Yo Wffb_[i je j^[ ?_jo e\ D_ZZ[d D_bbi (r?_jos). Ej _i j^[ feb_Yo e\ j^[ ?_jo je fhej[Yj, fh[i[hl[ WdZ cW_djW_d _ji h[if[Yj_l[ Wii[ji. P^[ ?_jo i^Wbb _dl[ij fkXb_Y \kdZi _d W cWdd[h j^Wj m_bb fhel_Z[ j^[ ̂ _]^[ij _dl[ijc[dj h[jkhd Yecc[dikhWj[ m_j^ cWn_ckc i[Ykh_jo, m^_b[ c[[j_d] j^[ h[if[Yj_l[ YWi^ \bem Z[cWdZi e\ j^[ ?_jo WdZ Yed\ehc_d] je Wbb OjWj[ WdZ HeYWb ijWjkj[i ]el[hd_d] j^[ _dl[ijc[dj e\ fkXb_Y \kdZi.
2.0 OYef[;
P^[ ?_jo \ebbemi j^[ fhWYj_Y[ e\ feeb_d] YWi^ WdZ _dl[ijc[dji e\ Wbb \kdZi, [nY[fj \eh \kdZi h[gk_h[Z je X[ ^[bZ Xo ekji_Z[ \_iYWb W][dji kdZ[h j^[ fhel_i_edi e\ XedZ _dZ[djkh[i, eh ej^[h \kdZi Wi Z[i_]dWj[Z Xo j^[ ?_jo ?ekdY_b eh j^[ ?_jo Ph[Wikh[h. BkdZi YedjW_d[Z _d j^[ ?_jo'i feeb Wh[ Z[i_]dWj[Z Wi "C[d[hWb Lehj\eb_e". P^_i _dl[ijc[dj feb_Yo Wffb_[i je j^[ _dl[ijc[dj e\ ikhfbki \kdZi YedjW_d[Z _d j^[ "C[d[hWb Lehj\eb_e". P^[i[ \kdZi Wh[ WYYekdj[Z \eh _d j^[ =ddkWb B_dWdY_Wb OjWj[c[dji WdZ _dYbkZ[;
P^[ C[d[hWb BkdZ
=bb Of[Y_Wb N[l[dk[ BkdZi
=bb Phkij WdZ =][dYo BkdZi
3.0 LhkZ[dY[;
P^[ ?_jo _i ^[bZ je j^[ fhkZ[dj _dl[ijeh ijWdZWhZ i[j \ehj^ _d O[Yj_ed 53600.3 e\ j^[ Cel[hdc[dj ?eZ[ m^_Y^ ijWj[i; rS^[d _dl[ij_d], h[_dl[ij_d], fkhY^Wi_d], WYgk_h_d], [nY^Wd]_d], i[bb_d] eh cWdW]_d] fkXb_Y \kdZi, W jhkij[[ i^Wbb WYj m_j^ YWh[, ia_bb, fhkZ[dY[ WdZ Z_b_][dY[ kdZ[h j^[ Y_hYkcijWdY[i j^[d fh[lW_b_d], _dYbkZ_d], Xkj dej b_c_j[Z je, j^[ ][d[hWb [Yedec_Y YedZ_j_edi WdZ j^[ Wdj_Y_fWj[Z d[[Zi e\ j^[ W][dYo, j^Wj W fhkZ[dj f[hied WYj_d] _d W b_a[ YWfWY_jo WdZ \Wc_b_Wh_jo m_j^ j^ei[ cWjj[hi mekbZ ki[ _d j^[ YedZkYj e\ \kdZi e\ W b_a[ Y^WhWYj[h WdZ m_j^ b_a[ W_ci je iW\[]kWhZ j^[ fh_dY_fb[ WdZ cW_djW_d j^[ b_gk_Z_jo d[[Zi e\ j^[ W][dYo.s
=YYehZ_d]bo, j^_i _i j^[ ijWdZWhZ e\ fhkZ[dY[ je X[ ki[Z WdZ Wffb_[Z Xo j^[ ?_jo Ph[Wikh[h (WdZ ej^[h f[hiedi kdZ[h j^[ ikf[hl_i_ed WdZ h[ifedi_X_b_jo e\ j^[ Ph[Wikh[h fkhikWdj je O[Yj_ed 5.3) je cWdW][ j^[ ?_joti _dl[ijc[dj fehj\eb_e, f[h j^[ Z[b[]Wj_ed e\ Wkj^eh_jo Xo j^[ ?_jo ?ekdY_b je j^[ Ph[Wikh[h i[j \ehj^ _d O[Yj_ed 5.3 e\ j^_i Edl[ijc[dj Leb_Yo.
Ej _i j^[ ?_jo'i \kbb _dj[dj, Wj j^[ j_c[ e\ fkhY^Wi[, je ̂ ebZ Wbb _dl[ijc[dji kdj_b cWjkh_jo je [dikh[ j^[ h[jkhd e\ Wbb _dl[ij[Z fh_dY_fWb ZebbWhi. Dem[l[h, _j _i h[Wb_p[Z j^Wj cWha[j fh_Y[i e\ i[Ykh_j_[i m_bb lWho Z[f[dZ_d] ed [Yedec_Y WdZ _dj[h[ij hWj[ YedZ_j_edi Wj Wdo fe_dj _d j_c[. Ej _i \khj^[h h[Ye]d_p[Z, j^Wj _d W m[bb-Z_l[hi_\_[Z _dl[ijc[dj fehj\eb_e, eYYWi_edWb c[Wikh[Z beii[i Wh[ _d[l_jWXb[ Zk[ je [Yedec_Y, XedZ cWha[j eh _dZ_l_ZkWb i[Ykh_jo Yh[Z_j WdWboi_i. P^[i[ eYYWi_edWb beii[i ckij X[ Yedi_Z[h[Z m_j^_d j^[ Yedj[nj e\ j^[ el[hWbb _dl[ijc[dj fhe]hWc eX`[Yj_l[i WdZ j^[ h[ikbjWdj bed]-j[hc hWj[ e\ h[jkhd.
4.0 KX`[Yj_l[i;
P^[ YWi^ cWdW][c[dj ioij[c e\ j^[ ?_jo _i Z[i_]d[Z je WYYkhWj[bo ced_jeh WdZ \eh[YWij [nf[dZ_jkh[i WdZ h[l[dk[i, j^ki [dikh_d] j^[ _dl[ijc[dj e\ ced_[i je j^[ \kbb[ij [nj[dj feii_Xb[. P^[ ?_jo ijh_l[i je cW_djW_d j^[ b[l[b e\ _dl[ijc[dj e\ ikhfbki \kdZi Wi d[Wh je 100% Wi feii_Xb[. ?edi_ij[dj m_j^ j^_i \WYjeh, _dl[ijc[dji Wh[ cWZ[ kdZ[h j^[ j[hci WdZ YedZ_j_edi e\ =hj_Yb[i 1 (Yecc[dY_d] m_j^ O[Yj_ed 53600) WdZ 2 (Yecc[dY_d] m_j^ O[Yj_ed 53630) e\ ?^Wfj[h 4 e\ LWhj 1 e\ @_l_i_ed 2 e\ P_jb[ 5 e\ j^[ Cel[hdc[dj ?eZ[ e\ ?Wb_\ehd_W. ?edi_ij[dj m_j^ Cel[hdc[dj ?eZ[ O[Yj_ed 53600.5, j^[ fh_cWho eX`[Yj_l[i, _d fh_eh_jo ehZ[h, e\ j^[ _dl[ijc[dj WYj_l_j_[i e\ j^[ ?_jo i^Wbb X[;
4.1. OW\[jo; OW\[jo e\ fh_dY_fWb _i j^[ \eh[ceij eX`[Yj_l[ e\ j^[ _dl[ijc[dj fhe]hWc. rOW\[jos c[Wdi j^Wj j^[ el[hWbb lWbk[ e\ _dl[ij[Z fkXb_Y \kdZi i^Wbb dej X[ Z_c_d_i^[Z _d j^[ fheY[ii e\ i[Ykh_d] WdZ _dl[ij_d] j^ei[ \kdZi eh el[h j^[ ZkhWj_ed e\ j^[ _dl[ijc[dji. Pe WjjW_d j^_i eX`[Yj_l[, fehj\eb_e Z_l[hi_\_YWj_ed _i h[gk_h[Z.
W. N[ZkYj_ed e\ ?h[Z_j N_ia; ?h[Z_j h_ia _i Z[\_d[Z Wi j^[ h_ia e\ beii Zk[ je \W_bkh[ e\ j^[ _iik[h e\ W i[Ykh_jo. P^_i h_ia i^Wbb X[ c_j_]Wj[Z Xo _dl[ij_d] _d _dl[ijc[dj ]hWZ[ i[Ykh_j_[i WdZ Xo Z_l[hi_\o_d] j^[ _dl[ijc[dj fehj\eb_e ie j^Wj j^[ \W_bkh[ e\ Wdo ed[ _iik[h Ze[i dej kdZkbo ̂ Whc j^[ ?_jo'i YWf_jWb XWi[ WdZ YWi^ \bem.
Rcig!64
X. N[ZkYj_ed e\ IWha[j N_ia; IWha[j h_ia _i Z[\_d[Z Wi cWha[j lWbk[ \bkYjkWj_edi Zk[ je el[hWbb Y^Wd][i _d j^[ ][d[hWb b[l[b e\ _dj[h[ij hWj[i. P^_i h_ia i^Wbb X[ c_j_]Wj[Z Xo b_c_j_d] j^[ Wl[hW][ cWjkh_jo e\ j^[ ?_jo'i _dl[ijc[dj fehj\eb_e je jme o[Whi, j^[ cWn_ckc cWjkh_jo e\ Wdo ed[ i[Ykh_jo je \_l[ o[Whi, ijhkYjkh_d] j^[ fehj\eb_e XWi[Z ed ̂ _ijeh_Y WdZ Ykhh[dj YWi^ \bem WdWboi_i [b_c_dWj_d] j^[ d[[Z je i[bb i[Ykh_j_[i fh_eh je cWjkh_jo WdZ Wle_Z_d] j^[ fkhY^Wi[ e\ bed] j[hc i[Ykh_j_[i \eh j^[ ieb[ fkhfei[ e\ i^ehj j[hc if[YkbWj_ed.
4.2. H_gk_Z_jo. P^[ _dl[ijc[dj fehj\eb_e e\ j^[ ?_jo m_bb h[cW_d ik\\_Y_[djbo b_gk_Z je [dWXb[ ikY^ W][dYo je c[[j Wbb ef[hWj_d] h[gk_h[c[dji e\ ikY^ W][dYo m^_Y^ c_]^j X[ h[WiedWXbo Wdj_Y_fWj[Z. =ZZ_j_edWbbo, i_dY[ Wbb feii_Xb[ YWi^ Z[cWdZi YWddej X[ Wdj_Y_fWj[Z, W bWh][ fehj_ed e\ j^[ i[Ykh_j_[i ̂ [bZ i^ekbZ X[ j^ei[ \eh m^_Y^ WYj_l[ i[YedZWho cWha[ji [n_ij. P^[ b_gk_Z_jo e\ [WY^ jof[ e\ Wkj^eh_p[Z _dl[ijc[dj _i _dYbkZ[Z _d _ji Z[iYh_fj_ed _d O[Yj_ed 8 "=kj^eh_p[Z WdZ Ok_jWXb[ Edl[ijc[dji" i[Yj_ed e\ j^_i feb_Yo.
4.3. N[jkhd ed Edl[ijc[dj (U_[bZ); P^[ _dl[ijc[dj fehj\eb_e i^Wbb X[ Z[i_]d[Z m_j^ j^[ eX`[Yj_l[ e\ WjjW_d_d] W hWj[ e\ h[jkhd j^hek]^ekj XkZ][jWho WdZ [Yedec_Y YoYb[i, Yecc[dikhWj[ m_j^ j^[ _dl[ijc[dj h_ia YedijhW_dji WdZ j^[ YWi^ \bem Y^WhWYj[h_ij_Yi e\ ikY^ fehj\eb_e.
Ed ][d[hWb, j^[ ?Wb_\ehd_W Cel[hdc[dj ?eZ[ b_c_ji Wkj^eh_p[Z _dl[ijc[dji je j^ei[ YbWii[i e\ i[Ykh_j_[i m^_Y^ ^Wl[ bem[h h_ia (WdZ j^[h[\eh[ bem[h o_[bZi) j^Wd ej^[h ^_]^[h h_ia _dl[ijc[dj Y^e_Y[i. Ed [WY^ _dl[ijc[dj jhWdiWYj_ed j^[ Wdj_Y_fWj[Z h[jkhd ed _dl[ijc[dj _i ikXehZ_dWj[ je j^[ fh[Y[Z_d] h[gk_h[c[dji e\ iW\[jo WdZ h[ZkYj_ed e\ Yh[Z_j WdZ _dj[h[ij hWj[ h_ia.
5.0 @[b[]Wj_ed e\ =kj^eh_jo;
=kj^eh_jo je cWdW][ j^[ _dl[ijc[dj fhe]hWc e\ j^[ ?_jo _i Z[h_l[Z \hec Cel[hdc[dj ?eZ[ O[Y. 53601 WdZ 53607 (m^_Y^ h[if[Yj_l[bo Wkj^eh_p[ W b[]_ibWj_l[ XeZo je _dl[ij fkXb_Y \kdZi, WdZ j^[ b[]_ibWj_l[ XeZoti Z[b[]Wj_ed e\ ikY^ Wkj^eh_jo je j^[ jh[Wikh[h e\ j^[ Yehh[ifedZ_d] W][dYo) WdZ j^[ ?_joti Ikd_Y_fWb ?eZ[.
5.1 N[ifedi_X_b_j_[i e\ j^[ ?_jo ?ekdY_b. P^[ ?_jo ?ekdY_b i^Wbb Yedi_Z[h WdZ WZefj o[Whbo W mh_jj[d _dl[ijc[dj Leb_Yo. =i fhel_Z[Z _d j^_i feb_Yo, j^[ ?ekdY_b i^Wbb h[Y[_l[ WdZ h[l_[m gkWhj[hbo Edl[ijc[dj N[fehji.
5.2. N[ifedi_X_b_j_[i e\ j^[ ?_jo IWdW][h. P^[ ?_jo IWdW][h _i h[ifedi_Xb[ \eh ikf[hl_i_d] j^[ ?_jo Ph[Wikh[h. P^[ ?_jo IWdW][h _i Wbie h[ifedi_Xb[ je a[[f j^[ ?_jo ?ekdY_b \kbbo WZl_i[Z e\ j^[ _dl[ijc[dj fehj\eb_e WdZ Wi je j^[ \_dWdY_Wb YedZ_j_ed e\ j^[ ?_jo.
5.3. N[ifedi_X_b_j_[i e\ j^[ ?_jo Ph[Wikh[h. LkhikWdj je Cel[hdc[dj ?eZ[ O[Yj_ed 53607, j^[ ?_jo ?ekdY_b Z[b[]Wj[i j^[ Wkj^eh_jo je _dl[ij eh h[_dl[ij ikhfbki \kdZi, WdZ je i[bb eh [nY^Wd][ i[Ykh_j_[i ie fkhY^Wi[Z \eh WdZ ed X[^Wb\ e\ j^[ ?_jo, je j^[ ?_jo Ph[Wikh[h \eh j^[ ed[-o[Wh f[h_eZ Yecc[dY_d] \hec j^[ ZWj[ e\ WZefj_ed e\ j^_i Edl[ijc[dj Leb_Yo, WdZ j^[ ?_jo Ph[Wikh[h i^Wbb cWa[ W cedj^bo h[fehj e\ j^ei[ jhWdiWYj_edi je j^[ ?_jo ?ekdY_b.
Je f[hied cWo [d]W][ _d Wd _dl[ijc[dj jhWdiWYj_ed [nY[fj Wi fhel_Z[Z kdZ[h j^[ j[hci e\ j^_i feb_Yo. P^[ ?_jo Ph[Wikh[h i^Wbb X[ h[ifedi_Xb[ \eh Wbb jhWdiWYj_edi kdZ[hjWa[d WdZ i^Wbb [ijWXb_i^ W ioij[c e\ Yedjhebi je h[]kbWj[ j^[ WYj_l_j_[i e\ _dl[ijc[dj WZl_iehi. P^[ ?_jo Ph[Wikh[h _i Y^Wh][Z m_j^ h[ifedi_X_b_jo \eh j^[ YedZkYj e\ Wbb jh[Wikho \kdYj_edi, _dYbkZ_d] j^[ YkijeZo WdZ _dl[ijc[dj e\ ?_jo \kdZi, j^[ Z[l[befc[dj e\ fheY[Zkh[i je _cfb[c[dj j^_i Edl[ijc[dj Leb_Yo, WdZ j^[ h[dZ[h_d] e\ j^[ cedj^bo jhWdiWYj_edi h[fehji WdZ gkWhj[hbo _dl[ijc[dj h[fehji (YedjW_d_d] ikY^ _d\ehcWj_ed Wi if[Y_\_[Z _d O[Yj_ed 15.0) h[gk_h[Z Xo j^_i feb_Yo.
6.0 Aj^_Yi WdZ ?ed\b_Yji e\ Edj[h[ij;
K\\_Y[hi WdZ [cfbeo[[i _dlebl[Z _d j^[ _dl[ijc[dj fheY[ii Wh[ h[gk_h[Z Xo j^[ ?_jo e\ D_ZZ[d D_bbi ?ed\b_Yj e\ Edj[h[ij Leb_Yo WdZ OjWj[ Cel[hdc[dj ?eZ[ O[Yj_ed 81000 je Z_iYbei[ WddkWbbo je j^[ ?_jo ?ekdY_b Wdo cWj[h_Wb \_dWdY_Wb _dj[h[iji _d \_dWdY_Wb _dij_jkj_edi j^Wj YedZkYj Xki_d[ii m_j^_d j^[ ?_jo WdZ \khj^[h je Z_iYbei[ Wdo bWh][ f[hiedWb \_dWdY_Wb/_dl[ijc[dj fei_j_edi j^Wj YekbZ X[ h[bWj[Z je j^[ f[h\ehcWdY[ e\ j^[ ?_jo, fWhj_YkbWhbo m_j^ h[]WhZ je j^[ j_c[ e\ fkhY^Wi[ WdZ iWb[i, Wi fWhj e\ j^[ ?_jo'i Yed\b_Yj e\ _dj[h[ij h[fehj_d] h[gk_h[c[dji.
7.0 =kj^eh_p[Z B_dWdY_Wb @[Wb[hi, Edij_jkj_edi WdZ Lehj\eb_e IWdW][hi;
P^[ ?_jo Ph[Wikh[h m_bb cW_djW_d W b_ij e\ \_dWdY_Wb _dij_jkj_edi Wkj^eh_p[Z je fhel_Z[ _dl[ijc[dj i[hl_Y[i, _dYbkZ_d] fehj\eb_e cWdW][c[dj. P^[ ?_jo Ph[Wikh[h m_bb [n[hY_i[ fhkZ[dY[ _d j^[ i[b[Yj_ed e\ Wdo fehj\eb_e cWdW][hi, fhel_Z[ ik_jWXb[ iW\[]kWhZi je
Rcig!65
fh[l[dj WXki[ _d j^[ [n[hY_i[ e\ Z_iYh[j_ed Xo W fehj\eb_e cWdW][h, WdZ m_bb h[cW_d h[ifedi_Xb[ \eh Wdo _dl[ijc[dj Z[Y_i_edi cWZ[ Xo j^[ fehj\eb_e cWdW][h. Ed WZZ_j_ed, W b_ij m_bb Wbie X[ cW_djW_d[Z e\ i[Ykh_jo Xhea[h/Z[Wb[hi Wffhel[Z je fhel_Z[ Z_h[Yj i[hl_Y[i je j^[ ?_jo. P^[i[ Xhea[h/Z[Wb[hi i^Wbb X[ i[b[Yj[Z Xo Yh[Z_j mehj^_d[ii WdZ X[ Wkj^eh_p[Z je fhel_Z[ Xhea[h-Z[Wb[h i[hl_Y[i _d j^[ OjWj[ e\ ?Wb_\ehd_W. Ed WZZ_j_ed, Xhea[h Z[Wb[hi i[b[Yj[Z \eh j^[ b_ij i^Wbb c[[j j^[ h[gk_h[c[dji e\ Cel[hdc[dj ?eZ[ O[Yj_ed 53601.5 (m^_Y^ Ykhh[djbo h[gk_h[i j^Wj j^[o X[ ed[ e\ j^[ \ebbem_d]; (_) Wd _dij_jkj_ed b_Y[di[Z Xo j^[ ijWj[ Wi W Xhea[h-Z[Wb[h, Wi Z[\_d[Z _d O[Yj_ed 25004 e\ j^[ ?ehfehWj_edi ?eZ[, (__) W c[cX[h e\ W \[Z[hWbbo h[]kbWj[Z i[Ykh_j_[i [nY^Wd][, (___) W dWj_edWb eh ijWj[-Y^Whj[h[Z XWda, (_l) W iWl_d]i WiieY_Wj_ed eh \[Z[hWb WiieY_Wj_ed (Wi Z[\_d[Z Xo O[Yj_ed 5102 e\ j^[ B_dWdY_Wb ?eZ[), eh (l) W Xhea[hW][ \_hc Z[i_]dWj[Z Wi W fh_cWho ]el[hdc[dj Z[Wb[h Xo j^[ B[Z[hWb N[i[hl[ >Wda). P^[i[ cWo _dYbkZ[ "fh_cWho" Z[Wb[hi eh h[]_edWb Z[Wb[hi j^Wj gkWb_\o kdZ[h O[Ykh_j_[i & AnY^Wd][ ?ecc_ii_ed Nkb[ 15Y3-1 (kd_\ehc d[j YWf_jWb hkb[), ie bed] Wi ikY^ Z[Wb[hi Wbie c[[j ed[ e\ j^[ \eh[]e_d] Yh_j[h_W e\ Cel[hdc[dj ?eZ[ O[Yj_ed 53601.5. Je fkXb_Y Z[fei_j i^Wbb X[ cWZ[ [nY[fj _d W gkWb_\_[Z fkXb_Y Z[fei_jeho WdZ fkhikWdj je j^[ YebbWj[hWb_pWj_ed (eh \[Z[hWb _dikhWdY[) WdZ Z[fei_jeho YedjhWYj h[gk_h[c[dji Wi [ijWXb_i^[Z Xo ijWj[ bWm (_dYbkZ_d], m_j^ekj b_c_jWj_ed, =hj_Yb[ 2 (Yecc[dY_d] m_j^ O[Yj_ed 53630) e\ ?^Wfj[h 4 e\ LWhj 1 e\ @_l_i_ed 2 e\ P_jb[ 5 e\ j^[ Cel[hdc[dj ?eZ[). B_dWdY_Wb _dij_jkj_edi Wkj^eh_p[Z je fhel_Z[ _dl[ijc[dj i[hl_Y[i je j^[ ?_jo, _dYbkZ_d] fehj\eb_e cWdW][c[dj, i^Wbb kj_b_p[ i[Ykh_jo Xhea[h/Z[Wb[hi m^e Wh[ Zkbo b_Y[di[Z WdZ Wkj^eh_p[Z je fhel_Z[ _dl[ijc[dj i[hl_Y[i _d j^[ OjWj[ e\ ?Wb_\ehd_W WdZ ej^[hm_i[ c[[j ed[ e\ j^[ h[gk_h[c[dji e\ Cel[hdc[dj ?eZ[ O[Yj_ed 53601.5 Xkj i^Wbb dej X[ b_c_j[Z je j^[ b_ij e\ Wffhel[Z Xhea[h/Z[Wb[hi cW_djW_d[Z Xo j^[ ?_jo.
=doed[ fhel_Z_d] \_dWdY_Wb i[hl_Y[i je j^[ ?_jo, _dYbkZ_d] fehj\eb_e cWdW][c[dj, ckij WZ^[h[ je j^[ _dl[ijc[dj feb_Y_[i e\ j^[ ?_jo Wi WZefj[Z WddkWbbo Xo j^[ ?_jo ?ekdY_b.
=bb \_dWdY_Wb _dij_jkj_edi WdZ Xhea[h/Z[Wb[hi m^e Z[i_h[ je X[Yec[ gkWb_\_[Z X_ZZ[hi \eh _dl[ijc[dj jhWdiWYj_edi, _dYbkZ_d] fehj\eb_e cWdW][c[dj, ckij ikffbo j^[ ?_jo Ph[Wikh[h m_j^ j^[ \ebbem_d];
=kZ_j[Z \_dWdY_Wb ijWj[c[dji \eh j^[ _dij_jkj_edi j^h[[ ceij h[Y[dj \_iYWb o[Whi<
Lhee\ e\ B_dWdY_Wb EdZkijho N[]kbWjeho =kj^eh_jo (BEJN=) h[]_ijhWj_ed<
Lhee\ e\ OjWj[ h[]_ijhWj_ed< WdZ
?[hj_\_YWj_ed e\ ̂ Wl_d] h[WZ WdZ kdZ[hijeeZ j^[ _dl[ijc[dj feb_Yo WdZ j^[ Z[fei_jeho YedjhWYji e\ j^[ ?_jo.
= Ykhh[dj WkZ_j[Z \_dWdY_Wb ijWj[c[dj _i h[gk_h[Z je X[ ed \_b[ \eh [WY^ \_dWdY_Wb _dij_jkj_ed, Xhea[h/Z[Wb[h WdZ fehj\eb_e cWdW][h m_j^ m^_Y^ j^[ ?_jo _dl[iji.
O[b[Yj_ed e\ \_dWdY_Wb _dij_jkj_edi WdZ Xhea[h/Z[Wb[hi Wkj^eh_p[Z je [d]W][ _d jhWdiWYj_edi m_j^ j^[ ?_jo i^Wbb X[ Wj j^[ ieb[ Z_iYh[j_ed e\ j^[ ?_jo. =d WddkWb h[l_[m e\ j^[ \_dWdY_Wb YedZ_j_ed e\ gkWb_\_[Z X_ZZ[hi m_bb X[ YedZkYj[Z Xo j^[ ?_jo Ph[Wikh[h.
8.0 =kj^eh_p[Z WdZ Ok_jWXb[ Edl[ijc[dji;
Edl[ijWXb[ \kdZi, m^_Y^ _dYbkZ[ \kdZi dej d[[Z[Z \eh j^[ _cc[Z_Wj[ d[[Zi e\ j^[ ?_jo, Wh[ Z[j[hc_d[Z Xo j^[ ?_jo Ph[Wikh[h. Jejm_j^ijWdZ_d], ed[ o[Whti Wdj_Y_fWj[Z h[l[dk[i i^Wbb X[ _dl[ij[Z _d HeYWb =][dYo Edl[ijc[dj BkdZi WZc_d_ij[h[Z Xo j^[ OjWj[ Ph[Wikh[h'i K\\_Y[ fkhikWdj je j^[ Wkj^eh_jo Yed\[hh[Z Xo Cel[hdc[dj ?eZ[ O[Yj_ed 16429.1. =bb ej^[h _dl[ijc[dji i^Wbb X[ cWZ[ _d WYYehZWdY[ m_j^ O[Yj_edi 53600 [j i[g., e\ j^[ Cel[hdc[dj ?eZ[. E\ dej ej^[hm_i[ if[Y_\_[Z ̂ [h[_d, j^[ cWn_ckc j[hc eh h[cW_d_d] cWjkh_jo i^Wbb X[ Wi if[Y_\_[Z _d O[Yj_ed 11.0 e\ j^_i feb_Yo. S_j^_d j^[ Yedj[nj e\ b_c_jWj_edi, j^[ \ebbem_d] _dl[ijc[dji Wh[ Wkj^eh_p[Z, Wi \khj^[h b_c_j[Z ̂ [h[_d Xo j^_i Leb_Yo WdZ ikX`[Yj je j^[ fehj\eb_e YedY[djhWj_ed b_c_ji i[j \ehj^ ̂ [h[_d WdZ _d PWXb[ 1, Wff[dZ[Z je j^_i feb_Yo;
8.1 Q.O. Ph[Wikho >edZi, Jej[i & >_bbi WdZ "Ojh_fis - Qd_j[Z OjWj[i Ph[Wikho dej[i, XedZi, X_bbi, eh Y[hj_\_YWj[i e\ _dZ[Xj[Zd[ii, eh j^ei[ \eh m^_Y^ j^[ \W_j^ WdZ Yh[Z_j e\ j^[ Qd_j[Z OjWj[i Wh[ fb[Z][Z \eh j^[ fWoc[dj e\ fh_dY_fWb WdZ _dj[h[ij.
Ed WZZ_j_ed, j^hek]^ j^[ Yecc[hY_Wb Xeea-[djho ioij[c, W Ph[Wikho \_n[Z-fh_dY_fWb dej[ eh XedZ eh W Ph[Wikho _d\bWj_ed-fhej[Yj[Z i[Ykh_jo cWo X[ ijh_ff[Z, WdZ [WY^ _dj[h[ij fWoc[dj WdZ j^[ fh_dY_fWb fWoc[dj X[Yec[i W i[fWhWj[ i[Ykh_jo (Wbie ademd Wi O[fWhWj[ PhWZ_d] e\ N[]_ij[h[Z Edj[h[ij WdZ Lh_dY_fWb e\ O[Ykh_j_[i eh rOPNELOs). AWY^ Yecfed[dj ^Wi _ji emd _Z[dj_\o_d] dkcX[h WdZ YWd X[ ^[bZ eh jhWZ[Z i[fWhWj[bo. >hea[h/Z[Wb[hi cWo cWha[j j^[ fh_dY_fWb fehj_ed e\ j^[i[ "ijh_ff[Z" i[Ykh_j_[i eh rOjh_fis Wj Z[[f Z_iYekdji. Ed WYYehZWdY[ m_j^ Cel[hdc[dj ?eZ[ O[Yj_ed 53601.6, _dj[h[ij-edbo Ojh_fi Wh[ dej Wkj^eh_p[Z \eh j^[ ?_jo. Dem[l[h, fh_dY_fWb-edbo Ojh_fi (Wbie ademd Wi rp[he-Yekfed Ph[Wikho i[Ykh_j_[is eh r@_iYekdj Jej[is) Wh[ Wkj^eh_p[Z _dl[ijc[dji, _\ j^[o c[[j j^[ h[gk_h[c[dji e\ Cel[hdc[dj ?eZ[ O[Yj_ed 53601.6(X), m^_Y^ if[Y_\_[i j^Wj W beYWb W][dYo i^Wbb dej _dl[ij Wdo e\ _ji ikhfbki \kdZi _d Wdo i[Ykh_jo j^Wj YekbZ h[ikbj _d p[he _dj[h[ij WYYhkWb _\ ̂ [bZ je cWjkh_jo.
Rcig!66
8.2 B[Z[hWb =][dYo KXb_]Wj_edi eh Qd_j[Z OjWj[i Cel[hdc[dj-Ofedieh[Z Adj[hfh_i[ (COA) KXb_]Wj_edi q B[Z[hWb W][dYo eh Qd_j[Z OjWj[i ]el[hdc[dj-ifedieh[Z [dj[hfh_i[ (COA) eXb_]Wj_edi, fWhj_Y_fWj_edi, eh ej^[h _dijhkc[dji, _dYbkZ_d] j^ei[ _iik[Z Xo eh \kbbo ]kWhWdj[[Z Wi je fh_dY_fWb WdZ _dj[h[ij Xo \[Z[hWb W][dY_[i eh Qd_j[Z OjWj[i ]el[hdc[dj-ifedieh[Z [dj[hfh_i[i. =i je COAi, j^[h[ Wh[ dkc[heki ]el[hdc[dj-ifedieh[Z [dj[hfh_i[i m^_Y^ _iik[ Z[Xj _dijhkc[dji, Xkj cWdo bWYa j^[ b_gk_Z_jo d[Y[iiWho je \_j j^[ fehj\eb_e h[gk_h[c[dji e\ j^[ ?_jo. LkhY^Wi[i e\ ]el[hdc[dj-ifedieh[Z [dj[hfh_i[ i[Ykh_j_[i i^ekbZ X[ b_c_j[Z je j^[ _iik[i e\ j^[ Cel[hdc[dj JWj_edWb Iehj]W][ =iieY_Wj_ed, j^[ B[Z[hWb BWhc ?h[Z_j >Wda, j^[ B[Z[hWb JWj_edWb Iehj]W][ =iieY_Wj_ed, j^[ B[Z[hWb Dec[ HeWd Iehj]W][ ?ehfehWj_ed, WdZ j^[ B[Z[hWb Dec[ HeWd >Wda.
Pe j^[ [nj[dj j^[ _dl[ijc[dj _i (W) W cehj]W][-fWii j^hek]^ i[Ykh_jo, YebbWj[hWb_p[Z cehj]W][ eXb_]Wj_ed, cehj]W][-XWYa[Z eh ej^[h fWo-j^hek]^ XedZ, [gk_fc[dj b[Wi[-XWYa[Z Y[hj_\_YWj[, Yedikc[h h[Y[_lWXb[ fWii-j^hek]^ Y[hj_\_YWj[, eh Yedikc[h h[Y[_lWXb[-XWYa[Z XedZ WdZ (X) dej \kbbo ]kWhWdj[[Z Wi je fh_dY_fWb WdZ _dj[h[ij Xo \[Z[hWb W][dY_[i eh W COA, j^[ _dl[ijc[dj i^Wbb Wbie c[[j j^[ Yh_j[h_W if[Y_\_[Z _d O[Yj_ed 8.6 e\ j^_i feb_Yo.
8.3 N[fkhY^Wi[ =]h[[c[dji - = h[fkhY^Wi[ W]h[[c[dj _i W YedjhWYjkWb W]h[[c[dj X[jm[[d W \_dWdY_Wb _dij_jkj_ed eh Z[Wb[h WdZ j^[ ?_jo Xo m^_Y^ j^[ ?_jo fkhY^Wi[i i[Ykh_j_[i \hec W Yekdj[hfWhjo i[bb[h, j^[ Yekdj[hfWhjo i[bb[h W]h[[i je h[fkhY^Wi[ j^[ i[Ykh_j_[i ed eh X[\eh[ W if[Y_\_[Z ZWj[ WdZ \eh W if[Y_\_[Z Wcekdj, WdZ j^[ Yekdj[hfWhjo Z[b_l[hi j^[ kdZ[hbo_d] i[Ykh_j_[i je j^[ ?_jo Xo Xeea [djho, f^oi_YWb Z[b_l[ho, eh Xo j^_hZ-fWhjo YkijeZ_Wb W]h[[c[dj. N[fkhY^Wi[ W]h[[c[dji Wkj^eh_p[Z Xo j^_i i[Yj_ed i^Wbb dej [nY[[Z 20 f[hY[dj e\ j^[ ?_joti ikhfbki ced[oi j^Wj cWo X[ _dl[ij[Z fkhikWdj je j^_i feb_Yo.
N[fkhY^Wi[ W]h[[c[dji cWo edbo X[ cWZ[ m_j^ fh_cWho Z[Wb[hi e\ j^[ B[Z[hWb N[i[hl[ >Wda e\ J[m Ueha. P^[ ?_jo m_bb dej [dj[h _dje h[fkhY^Wi[ W]h[[c[dji \eh W f[h_eZ ]h[Wj[h j^Wd 7 ZWoi. P^[ cWha[j lWbk[ e\ j^[ i[Ykh_j_[i j^Wj kdZ[hb_[ W h[fkhY^Wi[ W]h[[c[dj m_bb dej X[ b[ii j^Wd j^[ ]h[Wj[h e\ (W) 102% e\ j^[ \kdZi Xehhem[Z Xo j^[ Yekdj[hfWhjo i[bb[h W]W_dij j^ei[ i[Ykh_j_[i eh (X) j^[ ikc e\ j^[ \kdZi Xehhem[Z Xo j^[ Yekdj[hfWhjo i[bb[h W]W_dij j^[ i[Ykh_j_[i fbki WYYhk[Z _dj[h[ij. =dZ, j^[ i[Ykh_j_[i m_bb X[ edbo jh[Wikh_[i c[[j_d] j^[ h[gk_h[c[dji e\ O[Yj_ed 8.1 e\ j^_i feb_Yo WdZ W][dY_[i e\ j^[ Qd_j[Z OjWj[i ]el[hdc[dj c[[j_d] j^[ h[gk_h[c[dji e\ O[Yj_ed 8.2 e\ j^_i feb_Yo.
8.4 I[Z_kc j[hc YehfehWj[ dej[i eh XedZi (hWj[Z = eh WXel[ Xo W dWj_edWbbo h[Ye]d_p[Z ijWj_ij_YWb hWj_d] eh]Wd_pWj_ed (JNONK)) q Wbb YehfehWj[ WdZ Z[fei_jeho _dij_jkj_ed Z[Xj i[Ykh_j_[i m_j^ W cWn_ckc h[cW_d_d] cWjkh_jo e\ \_l[ o[Whi eh b[ii, _iik[Z Xo YehfehWj_edi eh]Wd_p[Z WdZ ef[hWj_d] m_j^_d j^[ Qd_j[Z OjWj[i eh Xo Z[fei_jeho _dij_jkj_edi b_Y[di[Z Xo j^[ Qd_j[Z OjWj[i eh Wdo ijWj[ WdZ ef[hWj_d] m_j^_d j^[ Qd_j[Z OjWj[i cWo X[ Xek]^j edbo j^hek]^ cW`eh XWdai eh fh_cWho Z[Wb[hi m^_Y^ e\\[h Yecf[j_j_l[ i[YedZWho cWha[ji \eh j^[ fkhY^Wi[ eh iWb[ e\ j^[ dej[i X[\eh[ cWjkh_jo, ikY^ Wi >Wda e\ =c[h_YW, CebZcWd OWY^i, WdZ F. L. Ieh]Wd. LkhY^Wi[i e\ c[Z_kc j[hc YehfehWj[ dej[i eh XedZi i^Wbb dej [nY[[Z 30 f[hY[dj e\ j^[ ?_joti ikhfbki ced[oi j^Wj cWo X[ _dl[ij[Z fkhikWdj je j^_i feb_Yo.
8.5 ?ecc[hY_Wb fWf[h - (m^_Y^ ckij ^Wl[ W hWj_d] e\ j^[ ^_]^[ij hWda_d] eh e\ j^[ ^_]^[ij b[jj[h WdZ dkcX[h hWj_d] Wi fhel_Z[Z \eh Xo W JNONK ([.]., =1 (O&L) eh L1 (IeeZoti)) - cWo X[ Xek]^j j^hek]^ cW`eh XWdai eh fh_cWho Z[Wb[hi m^_Y^ YWd e\\[h eh WhhWd][ Yecf[j_j_l[ i[YedZWho cWha[ji \eh j^[ fkhY^Wi[ eh iWb[ e\ j^[ fWf[h X[\eh[ cWjkh_jo. P^[ bed][ij cWjkh_jo Wffhel[Z \eh Yecc[hY_Wb fWf[h _i 270 ZWoi.
P^[ [dj_jo j^Wj _iik[i j^[ Yecc[hY_Wb fWf[h i^Wbb c[[j Wbb e\ j^[ \ebbem_d] YedZ_j_edi _d [_j^[h fWhW]hWf^ (W) eh (X);
W. P^[ [dj_jo (_) _i eh]Wd_p[Z WdZ ef[hWj_d] _d j^[ Qd_j[Z OjWj[i Wi W ][d[hWb YehfehWj_ed< (__) ̂ Wi jejWb Wii[ji _d [nY[ii e\ \_l[ ^kdZh[Z c_bb_ed ZebbWhi ($500,000,000)< WdZ (___) ^Wi Z[Xj ej^[h j^Wd Yecc[hY_Wb fWf[h, _\ Wdo, j^Wj _i hWj[Z r=s eh ̂ _]^[h Xo Wd JNONK.
X. P^[ [dj_jo (_) _i eh]Wd_p[Z m_j^_d j^[ Qd_j[Z OjWj[i Wi W if[Y_Wb fkhfei[ YehfehWj_ed, jhkij, eh b_c_j[Z b_WX_b_jo YecfWdo< (__) ̂ Wi fhe]hWc m_Z[ Yh[Z_j [d^WdY[c[dji _dYbkZ_d], Xkj dej b_c_j[Z je, el[hYebbWj[hWb_pWj_ed, b[jj[hi e\ Yh[Z_j, eh W ikh[jo XedZ< WdZ (___) ̂ Wi Yecc[hY_Wb fWf[h j^Wj _i hWj[Z r=-1s eh ̂ _]^[h, eh j^[ [gk_lWb[dj, Xo Wd JNONK.
P^[ ?_jo cWo _dl[ij de ceh[ j^Wd 25 f[hY[dj e\ _ji ced[oi _d [b_]_Xb[ Yecc[hY_Wb fWf[h. P^[ ?_jo cWo dej fkhY^Wi[ ceh[ j^Wd 10 f[hY[dj e\ j^[ ekjijWdZ_d] Yecc[hY_Wb fWf[h e\ Wdo i_d]b[ _iik[h.
8.6 Iehj]W][-XWYa[Z i[Ykh_j_[i q W cehj]W][-fWii-j^hek]^ i[Ykh_jo, YebbWj[hWb_p[Z cehj]W][ eXb_]Wj_ed, cehj]W][-XWYa[Z eh ej^[h fWo-j^hek]^ XedZ, [gk_fc[dj b[Wi[-XWYa[Z Y[hj_\_YWj[, Yedikc[h h[Y[_lWXb[ fWii-j^hek]^ Y[hj_\_YWj[, eh Yedikc[h h[Y[_lWXb[-XWYa[Z XedZ m_j^ W \_n[Z Yekfed _iik[Z Xo Wd W][dYo e\ j^[ Q.O. ]el[hdc[dj eh W COA, fhel_Z[Z j^Wj j^[ ijWj[Z \_dWb cWjkh_jo e\ ikY^ i[Ykh_jo Ze[i dej [nY[[Z \_l[ (5) o[Whi \hec j^[ ZWj[ e\ fkhY^Wi[. Pe X[ [b_]_Xb[, j^[ _iik[h e\ ikY^ i[Ykh_jo, eXb_]Wj_ed, XedZ, eh Y[hj_\_YWj[ ckij ̂ Wl[ Wd = eh ̂ _]^[h hWj_d] \eh j^[ _iik[hti Z[Xj Wi fhel_Z[Z Xo Wd JNONK, WdZ j^[ i[Ykh_jo, eXb_]Wj_ed, XedZ, eh Y[hj_\_YWj[ _ji[b\ ckij X[ hWj[Z _d W hWj_d] YWj[]eho e\ == eh _ji [gk_lWb[dj eh X[jj[h Xo Wd JNONK.
Rcig!67
LkhY^Wi[i e\ i[Ykh_j_[i, eXb_]Wj_edi, XedZi, eh Y[hj_\_YWj[i Wkj^eh_p[Z Xo j^_i i[Yj_ed i^Wbb dej [nY[[Z 20 f[hY[dj e\ j^[ ?_joti ikhfbki ced[oi j^Wj cWo X[ _dl[ij[Z fkhikWdj je j^_i feb_Yo.
8.7 J[]ej_WXb[ ?[hj_\_YWj[i e\ @[fei_j (?@i) eh Jed-d[]ej_WXb[, B@E?-_dikh[Z ?@i eh P_c[ @[fei_ji m_j^ \_n[Z Yekfedi WdZ \_n[Z cWjkh_jo ZWj[ m^_Y^ cWo dej [nY[[Z \_l[ (5) o[Whi WdZ Wh[ _iik[Z Xo W dWj_edWbbo eh ijWj[-Y^Whj[h[Z XWda, W iWl_d]i WiieY_Wj_ed eh W \[Z[hWb WiieY_Wj_ed (Wi Z[\_d[Z Xo O[Yj_ed 5102 e\ j^[ B_dWdY_Wb ?eZ[), W ijWj[ eh \[Z[hWb Yh[Z_j kd_ed, eh Xo W \[Z[hWbbo b_Y[di[Z eh ijWj[-b_Y[di[Z XhWdY^ e\ W \eh[_]d XWda. LkhY^Wi[i e\ ?@i WdZ j_c[ Z[fei_ji i^Wbb dej, _d jejWb, [nY[[Z 30 f[hY[dj e\ j^[ ?_joti \kdZi j^Wj cWo X[ _dl[ij[Z fkhikWdj je j^_i feb_Yo.
8.8 HeYWb =][dYo Edl[ijc[dj BkdZi (H=EB) WZc_d_ij[h[Z Xo j^[ OjWj[ Ph[Wikh[h'i K\\_Y[.
8.9 LWiiXeea WYYekdji cW_djW_d[Z ieb[bo je fhel_Z[ \eh ed]e_d] ef[hWj_edWb d[[Zi i^Wbb dej [nY[[Z j^[ cWn_ckc Wcekdj _dikh[Z Xo j^[ B@E? WdZ i^Wbb X[ ikX`[Yj je j^[ h[gk_h[c[dji e\ j^_i feb_Yo.
8.10 O^Wh[i e\ >[d[\_Y_Wb Edj[h[ij Eiik[Z Xo W Fe_dj Lem[hi =kj^eh_jo q j^[ ̀ e_dj fem[hi Wkj^eh_jo ckij X[ eh]Wd_p[Z fkhikWdj je Cel[hdc[dj ?eZ[ O[Yj_ed 6509.7 WdZ _dl[ij _d j^[ i[Ykh_j_[i WdZ eXb_]Wj_edi Wkj^eh_p[Z \eh beYWb W][dYo _dl[ijc[dj Xo Cel[hdc[dj ?eZ[ O[Yj_ed 53601.
Pe X[ [b_]_Xb[, j^[ ̀e_dj fem[hi Wkj^eh_jo _iik_d] j^[ i^Wh[i ([WY^ e\ m^_Y^ i^Wbb h[fh[i[dj Wd [gkWb fhefehj_edWb _dj[h[ij _d j^[ kdZ[hbo_d] feeb e\ i[Ykh_j_[i emd[Z Xo j^[ ̀ e_dj fem[hi Wkj^eh_jo) i^Wbb ̂ Wl[ h[jW_d[Z Wd _dl[ijc[dj WZl_i[h j^Wj (_) _i h[]_ij[h[Z eh [n[cfj \hec h[]_ijhWj_ed m_j^ j^[ Q.O. O[Ykh_j_[i WdZ AnY^Wd][ ?ecc_ii_ed< (__) ^Wi dej b[ii j^Wd \_l[ o[Whi e\ [nf[h_[dY[ _dl[ij_d] _d j^[ i[Ykh_j_[i WdZ eXb_]Wj_edi Wkj^eh_p[Z \eh beYWb W][dYo _dl[ijc[dj Xo Cel[hdc[dj ?eZ[ O[Yj_ed 53601< WdZ (___) ̂ Wi Wii[ji kdZ[h cWdW][c[dj _d [nY[ii e\ \_l[ ̂ kdZh[Z c_bb_ed ZebbWhi ($500,000,000).
8.11 OjWj[ WdZ HeYWb =][dYo >edZi, SWhhWdji WdZ Ph[Wikho Jej[i (hWj[Z r>>>s eh WXel[ (eh [gk_lWb[dj) Xo W JNONK X[\eh[ _dikhWdY[). P^[ \ebbem_d] cWo X[ fkhY^Wi[Z [nY[fj j^Wj j^[ h[cW_d_d] j[hc je cWjkh_jo Wj j^[ j_c[ j^[ _dl[ijc[dj _i fkhY^Wi[Z YWddej [nY[[Z \_l[ o[Whi.
W. N[]_ij[h[Z ijWj[ mWhhWdji eh jh[Wikho dej[i eh XedZi e\ j^[ OjWj[ e\ ?Wb_\ehd_W, _dYbkZ_d] XedZi fWoWXb[ ieb[bo ekj e\ j^[ h[l[dk[i \hec W h[l[dk[-fheZkY_d] fhef[hjo emd[Z, Yedjhebb[Z, eh ef[hWj[Z Xo j^[ OjWj[ e\ ?Wb_\ehd_W eh Xo W Z[fWhjc[dj, XeWhZ, W][dYo, eh Wkj^eh_jo e\ j^[ OjWj[ e\ ?Wb_\ehd_W.
X. N[]_ij[h[Z jh[Wikho dej[i eh XedZi e\ Wdo e\ j^[ ej^[h 49 ijWj[i _d j^[ Q.O., _dYbkZ_d] XedZi fWoWXb[ ieb[bo ekj e\ j^[ h[l[dk[i \hec W h[l[dk[-fheZkY_d] fhef[hjo emd[Z, Yedjhebb[Z, eh ef[hWj[Z Xo W ijWj[ eh Xo W Z[fWhjc[dj, XeWhZ, W][dYo, eh Wkj^eh_jo e\ Wdo e\ j^[ ej^[h 49 ijWj[i _d j^[ Q.O.
Y. >edZi, dej[i, mWhhWdji, eh ej^[h [l_Z[dY[i e\ _dZ[Xj[Zd[ii e\ W beYWb W][dYo m_j^_d j^[ OjWj[ e\ ?Wb_\ehd_W, _dYbkZ_d] XedZi fWoWXb[ ieb[bo ekj e\ j^[ h[l[dk[i \hec W h[l[dk[-fheZkY_d] fhef[hjo emd[Z, Yedjhebb[Z, eh ef[hWj[Z Xo j^[ beYWb W][dYo, eh Xo W Z[fWhjc[dj, XeWhZ, W][dYo, eh Wkj^eh_jo e\ j^[ beYWb W][dYo.
Je ceh[ j^Wd 5 f[hY[dj e\ j^[ ?_joti \kdZi j^Wj cWo X[ _dl[ij[Z fkhikWdj je j^_i feb_Yo i^Wbb X[ _dl[ij[Z _d XedZi, mWhhWdji, dej[i, eh ej^[h [l_Z[dY[i e\ _dZ[Xj[Zd[ii e\ W i_d]b[ beYWb W][dYo m_j^_d j^[ OjWj[ e\ ?Wb_\ehd_W eh e\ W i_d]b[ ijWj[. Beh fkhfei[i e\ j^[ \eh[]e_d] b_c_jWj_ed, XedZi, mWhhWdji, dej[i, eh ej^[h [l_Z[dY[i e\ _dZ[Xj[Zd[ii e\ W h[bWj[Z [dj_jo e\ W beYWb W][dYo eh ijWj[ i^Wbb X[ _dYbkZ[Z _d j^[ YWbYkbWj_ed m_j^ h[if[Yj je ced[oi _dl[ij[Z _d ikY^ beYWb W][dYo eh ijWj[.
=bie, de ceh[ j^Wd 15% e\ j^[ ?_joti \kdZi j^Wj cWo X[ _dl[ij[Z fkhikWdj je j^_i feb_Yo i^Wbb X[ _dl[ij[Z _d XedZi, mWhhWdji, dej[i, eh ej^[h [l_Z[dY[i e\ _dZ[Xj[Zd[ii (e\ ijWj[i m_j^_d j^[ Q.O. WdZ/eh ?Wb_\ehd_W beYWb W][dY_[i) j^Wj ̂ Wl[ X[[d Wii_]d[Z W hWj_d] m_j^_d j^[ r>>>s (eh [gk_lWb[dj) hWj_d] YWj[]eho (_.[., r>>>s eh r>>>+s. r>>>-r hWj[Z eXb_]Wj_edi Wh[ X[bem j^[ c_d_ckc [b_]_Xb[ hWj_d] e\ r>>>s).
8.12 O^Wh[i e\ >[d[\_Y_Wb Edj[h[ij Eiik[Z Xo rIed[o IWha[j BkdZis q i^Wh[i e\ X[d[\_Y_Wb _dj[h[ij _iik[Z Xo Z_l[hi_\_[Z cWdW][c[dj YecfWd_[i j^Wj Wh[ ced[o cWha[j \kdZi h[]_ij[h[Z m_j^ j^[ Q.O. O[Ykh_j_[i WdZ AnY^Wd][ ?ecc_ii_ed kdZ[h j^[ Edl[ijc[dj ?ecfWdo =Yj e\ 1940.
Pe X[ [b_]_Xb[, j^[ _dl[ijc[dj YecfWdo (_.[., ced[o cWha[j \kdZ) ckij c[[j [_j^[h e\ j^[ \ebbem_d] Yh_j[h_W; (W) WjjW_d[Z j^[ ^_]^[ij hWda_d] eh j^[ ^_]^[ij b[jj[h WdZ dkc[h_YWb hWj_d] fhel_Z[Z Xo dej b[ii j^Wd jme JNONKi, eh (X) h[jW_d[Z Wd _dl[ijc[dj WZl_i[h h[]_ij[h[Z eh [n[cfj \hec h[]_ijhWj_ed m_j^ j^[ Q.O. O[Ykh_j_[i AnY^Wd][ m_j^ dej b[ii j^Wd \_l[ o[Whit [nf[h_[dY[ cWdW]_d] ced[o cWha[j ckjkWb \kdZi m_j^ Wii[ji kdZ[h cWdW][c[dj _d [nY[ii e\ \_l[ ̂ kdZh[Z c_bb_ed ZebbWhi ($500,000,000).
Rcig!68
P^[ i^Wh[i Wkj^eh_p[Z Xo j^_i i[Yj_ed ckij X[ e\ j^[ jof[ iebZ m_j^ekj Wdo iWb[i Yecc_ii_ed eh iWb[i Y^Wh][ e\ Wdo a_dZ (jhk[ de-beWZ \kdZi). LkhY^Wi[i e\ ced[o cWha[j \kdZ i^Wh[i i^Wbb dej [nY[[Z 20 f[hY[dj e\ j^[ ?_joti ced[oi j^Wj cWo X[ _dl[ij[Z fkhikWdj je j^_i feb_Yo.
8.13 Kj^[h Edl[ijc[dj Ck_Z[b_d[i;
O[Ykh_j_[i cWo X[ iebZ Wj W beii _d ehZ[h je _cfhel[ j^[ h_ia eh h[jkhd Y^WhWYj[h_ij_Yi e\ j^[ fehj\eb_e, je fh[l[dj Wdj_Y_fWj[Z \khj^[h [hei_ed e\ fh_dY_fWb eh m^[d jhWZ_d] \eh i[Ykh_j_[i j^Wj h[ikbj _d Wd [nf[Yj[Z d[j [Yedec_Y ]W_d je j^[ ?_jo. E\ i[Ykh_j_[i emd[Z Xo j^[ ?_jo Wh[ Zemd]hWZ[Z Xo Xej^ IeeZo'i WdZ O&L je W b[l[b X[bem j^[ gkWb_jo h[gk_h[Z Xo j^_i Edl[ijc[dj Leb_Yo, _j i^Wbb X[ j^[ ?_jo'i feb_Yo je i[bb ikY^ i[Ykh_j_[i fhecfjbo.
An[cfj_edi - =do _dl[ijc[dj Ykhh[djbo ̂ [bZ j^Wj Ze[i dej c[[j j^[ ]k_Z[b_d[i e\ j^_i feb_Yo i^Wbb X[ [n[cfj[Z \hec j^[ h[gk_h[c[dji e\ j^_i feb_Yo. =j cWjkh_jo eh b_gk_ZWj_ed, ikY^ ced_[i i^Wbb X[ h[_dl[ij[Z edbo Wi fhel_Z[Z Xo j^_i feb_Yo.
Lhe^_X_j[Z Edl[ijc[dji - P^[ b_ij e\ [b_]_Xb[ i[Ykh_j_[i YedjW_d[Z _d j^[ ?Wb_\ehd_W Cel[hdc[dj ?eZ[ _i [nj[di_l[ WdZ _dYbkZ[i W dkcX[h e\ YWj[]eh_[i m^_Y^ Wh[ dej ik_jWXb[ _dl[ijc[dji \eh \kdZi e\ j^[ ?_jo. P^[ YWj[]eh_[i _d j^[ b_ij m^_Y^ ̂ Wl[ ikY^ b_c_jWj_edi Wh[ Wi \ebbemi;
P^[ ?_jo i^Wbb dej _dl[ij Wdo \kdZi fkhikWdj je O[Yj_ed 53600, [j. i[g., _d _dl[hi[ \beWj[hi, hWd][ dej[i, _dj[h[ij-edbo ijh_fi j^Wj Wh[ Z[h_l[Z \hec W feeb e\ cehj]W][i, eh Wdo i[Ykh_jo j^Wj YekbZ h[ikbj _d p[he _dj[h[ij WYYhkWb _\ ̂ [bZ je cWjkh_jo.
9.0 ?ebbWj[hWb_pWj_ed;
=bb _dl[ijc[dji e\ j^[ ?_jo i^Wbb X[ YebbWj[hWb_p[Z je j^[ [nj[dj h[gk_h[Z Xo j^[ OjWj[ Cel[hdc[dj ?eZ[. (A.]., h[fkhY^Wi[ W]h[[c[dji, WdZ Z[fei_ji [nY[[Z_d] j^[ cWn_ckc Wcekdj _dikh[Z Xo j^[ B@E?.)
P^[ YebbWj[hWb \eh Z[fei_ji [nY[[Z_d] j^[ cWn_ckc Wcekdj _dikh[Z Xo j^[ B@E? _d beYWb iWl_d]i WiieY_Wj_edi _i ̂ [bZ Wj j^[ B[Z[hWb Dec[ HeWd >Wda e\ OWd BhWdY_iYe. P^[ YebbWj[hWb \eh ikY^ Z[fei_ji _d beYWb XWdai _i ̂ [bZ _d j^[ ?_jo'i dWc[ _d j^[ jhkij Z[fWhjc[dj e\ ed[ e\ j^[ XWdai m_j^ m^_Y^ j^[ ?_jo ̂ Wi W Ykhh[dj iW\[a[[f_d] W]h[[c[dj (ie bed] Wi j^[ _iik[h e\ j^[ Z[fei_j _i dej j^[ iWc[ XWda Wi j^[ XWda ^ebZ_d] j^[ YebbWj[hWb) WdZ _i Wkj^eh_p[Z fkhikWdj je Cel[hdc[dj ?eZ[ O[Yj_edi 53656(X) WdZ 53657 Xo j^[ =Zc_d_ijhWjeh e\ HeYWb =][dYo O[Ykh_jo Z[i_]d[Z Xo Cel[hdc[dj ?eZ[ O[Yj_ed 53661 (fh[i[djbo, j^[ ?ecc_ii_ed[h e\ >ki_d[ii Kl[hi_]^j) eh m_j^ j^[ B[Z[hWb N[i[hl[ >Wda e\ OWd BhWdY_iYe.
=YY[fjWXb[ YebbWj[hWb _dijhkc[dji Wh[ Q.O. Ph[Wikho eh B[Z[hWb =][dYo eh COA _iik[i e\ j^[ jof[i Wkj^eh_p[Z Xo Cel[hdc[dj ?eZ[ O[Yj_edi 53651(W) WdZ 53651(\), h[if[Yj_l[bo, [gkWb _d cWha[j lWbk[ je Wj b[Wij 110% e\ j^[ Z[fei_j e\ j^[ ?_jo. =bj[hdWj_l[bo, fh_c[ i[Wied[Z \_hij jhkij Z[[Zi c[[j_d] j^[ h[gk_h[c[dji e\ Cel[hdc[dj ?eZ[ O[Yj_ed 53651.2 WdZ [gkWb _d lWbk[ je Wj b[Wij 150% e\ j^[ Z[fei_j e\ j^[ ?_jo cWo Wbie X[ fbWY[Z Xo iWl_d]i WiieY_Wj_edi m_j^ j^[ B[Z[hWb Dec[ HeWd >Wda e\ OWd BhWdY_iYe je Yel[h YebbWj[hWb h[gk_h[c[dji \eh ?_jo Z[fei_ji.
O[Ykh_j_[i m^_Y^ i[hl[ Wi YebbWj[hWb \eh h[fkhY^Wi[ W]h[[c[dji m_j^ XWdai cWo X[ ^[bZ _d j^[ _iik_d] XWda'i jhkij Z[fWhjc[dj, fhel_Z[Z j^Wj W cWij[h h[fkhY^Wi[ W]h[[c[dj ̂ Wi X[[d [n[Ykj[Z [dikh_d] j^[ \_ZkY_Who i[fWhWj_ed e\ j^[i[ Wii[ji \hec ej^[h XWda Wii[ji.
10.0 OW\[a[[f_d] WdZ ?kijeZo;
=bb i[Ykh_jo jhWdiWYj_edi, _dYbkZ_d] YebbWj[hWb \eh h[fkhY^Wi[ W]h[[c[dji, [dj[h[Z _dje Xo j^[ ?_jo i^Wbb X[ YedZkYj[Z ed W Z[b_l[ho-l[hiki-fWoc[dj (@RL) XWi_i. O[Ykh_j_[i m_bb X[ ̂ [bZ Xo W j^_hZ fWhjo YkijeZ_Wd WdZ [l_Z[dY[Z Xo iW\[a[[f_d] h[Y[_fji. LkhikWdj je Cel[hdc[dj ?eZ[ O[Yj_ed 53608, j^[ j^_hZ fWhjo YkijeZ_Wd i^Wbb X[ W \[Z[hWb eh ijWj[ WiieY_Wj_ed (Wi Z[\_d[Z Xo O[Yj_ed 5102 e\ j^[ B_dWdY_Wb ?eZ[), W jhkij YecfWdo eh W ijWj[ eh dWj_edWb XWda beYWj[Z m_j^_d j^[ OjWj[ e\ ?Wb_\ehd_W, j^[ B[Z[hWb N[i[hl[ >Wda e\ OWd BhWdY_iYe eh Wdo XhWdY^ j^[h[e\ m_j^_d j^[ OjWj[ e\ ?Wb_\ehd_W, eh Wdo B[Z[hWb N[i[hl[ >Wda eh Wdo ijWj[ eh dWj_edWb XWda beYWj[Z _d Wdo Y_jo Z[i_]dWj[Z Wi W h[i[hl[ Y_jo Xo j^[ >eWhZ e\ Cel[hdehi e\ j^[ B[Z[hWb N[i[hl[ Ooij[c.
P^[ jhWdi\[hh_d] e\ _dl[ijc[dj \kdZi m_bb X[ YWhh_[Z ekj [nYbki_l[bo Xo ki[ e\ j^[ B[Z[hWb N[i[hl[ >Wda'i [b[Yjhed_Y m_h[ jhWdi\[h ioij[c. AWY^ >Wda[h eh Lh_cWho @[Wb[h m_j^ m^_Y^ j^[ ?_jo Ze[i Xki_d[ii i^Wbb h[Y[_l[ _d mh_j_d] \hec j^[ ?_jo Ph[Wikh[h WdZ ?_jo IWdW][h eh Z[i_]d[[ W b_ij_d] m^_Y^ b_c_ji jhWdi\[hi e\ \kdZi je fh[-Wkj^eh_p[Z XWda WYYekdji edbo.
P^[ b_ij_d] m_bb Wbie YedjW_d j^[ dWc[i e\ j^[ ?_jo ijW\\ Wkj^eh_p[Z je h[gk[ij ikY^ jhWdi\[hi WdZ m_bb X[ kfZWj[Z _d mh_j_d] \eh Y^Wd][i e\ Wkj^eh_p[Z ijW\\ WdZ XWda WYYekdji Wi d[Y[iiWho.
Rcig!69
PhWdi\[hi \hec ed[ WYYekdj e\ j^[ ?_jo je Wdej^[h i^Wbb h[gk_h[ j^[ h[gk[ij e\ edbo ed[ Wkj^eh_p[Z ijW\\ c[cX[h. PhWdi\[hi \hec j^[ ?_jo'i WYYekdj je j^_hZ fWhj_[i i^Wbb h[gk_h[ j^[ h[gk[ij e\ jme Wkj^eh_p[Z ijW\\ c[cX[hi.
11.0 IWn_ckc IWjkh_j_[i;
Pe j^[ [nj[dj feii_Xb[, j^[ ?_jo m_bb Wjj[cfj je cWjY^ _ji _dl[ijc[dji m_j^ Wdj_Y_fWj[Z YWi^ \bem h[gk_h[c[dji. LkhikWdj je Cel[hdc[dj ?eZ[ O[Yj_ed 53601, _\ dej ej^[hm_i[ if[Y_\_[Z ^[h[_d, de _dl[ijc[dj i^Wbb X[ cWZ[ _d Wdo i[Ykh_jo, ej^[h j^Wd W i[Ykh_jo kdZ[hbo_d] W h[fkhY^Wi[ W]h[[c[dj Wkj^eh_p[Z Xo O[Yj_ed 8.3, j^Wj Wj j^[ j_c[ e\ j^[ _dl[ijc[dj ̂ Wi W j[hc h[cW_d_d] je cWjkh_jo _d [nY[ii e\ \_l[ (5) o[Whi \hec j^[ ZWj[ e\ fkhY^Wi[, kdb[ii j^[ ?_jo ?ekdY_b ̂ Wi ]hWdj[Z [nfh[ii Wkj^eh_jo je cWa[ j^Wj _dl[ijc[dj [_j^[h if[Y_\_YWbbo eh Wi W fWhj e\ Wd _dl[ijc[dj fhe]hWc Wffhel[Z Xo j^[ ?_jo ?ekdY_b de b[ii j^Wd j^h[[ cedj^i fh_eh je j^[ _dl[ijc[dj.
12.0 Edj[hdWb ?edjheb WdZ =kZ_ji;
P^[ ?_jo Ph[Wikh[h i^Wbb [ijWXb_i^ Wd WddkWb fheY[ii e\ _dZ[f[dZ[dj h[l_[m Xo Wd [nj[hdWb WkZ_jeh. P^_i h[l_[m cWo X[ fWhj e\ j^[ ?_jo'i WddkWb \_dWdY_Wb WkZ_j f[h\ehc[Z Xo Wd _dZ[f[dZ[dj Y[hj_\_[Z fkXb_Y WYYekdjWdj m^_Y^ _i Z[i_]d[Z je c[[j j^[ h[gk_h[c[dji e\ j^[ \[Z[hWb O_d]b[ =kZ_j =Yj e\ 1984 WdZ h[bWj[Z K\\_Y[ e\ IWdW][c[dj WdZ >kZ][j ?_hYkbWh =-128 eh Wj Wdo ej^[h j_c[ Wi Z[j[hc_d[Z Xo j^[ ?_jo Ph[Wikh[h.
13.0 N[fehj_d] WdZ Edl[ijc[dj Leb_Yo =Zefj_ed;
P^[ ?_jo Ph[Wikh[h _d Yed`kdYj_ed m_j^ j^[ ?_jo IWdW][h WdZ ?_jo =jjehd[o i^Wbb h[l_[m WdZ kfZWj[ j^_i Edl[ijc[dj Leb_Yo WddkWbbo WdZ fh[i[dj j^[ mh_jj[d, kfZWj[Z feb_Yo je j^[ ?_jo ?ekdY_b, \eh Yedi_Z[hWj_ed WdZ WZefj_ed Wi fhel_Z[Z _d Cel[hdc[dj ?eZ[ O[Yj_ed 53646 [j Wb.
14.0 Edj[h[ij AWhd_d]i;
=bb ced[oi [Whd[Z WdZ Yebb[Yj[Z \hec _dl[ijc[dji Wkj^eh_p[Z _d j^_i feb_Yo i^Wbb X[ WbbeYWj[Z o[Whbo je lWh_eki \kdZ WYYekdji XWi[Z ed j^[ cedj^bo YWi^ XWbWdY[ _d [WY^ \kdZ Wi W f[hY[djW][ e\ j^[ [dj_h[ feeb[Z fehj\eb_e.
15.0 N[fehj_d] WdZ N[l_[mi;
P^[ ?_jo Ph[Wikh[h i^Wbb cWa[ W cedj^bo h[fehj je j^[ ?_jo ?ekdY_b e\ j^[ jhWdiWYj_edi je _dl[ij eh h[_dl[ij ikhfbki \kdZi, WdZ je i[bb eh [nY^Wd][ i[Ykh_j_[i ie fkhY^Wi[Z \eh WdZ ed X[^Wb\ e\ j^[ ?_jo, _d Yecfb_WdY[ m_j^ ?Wb_\ehd_W Cel[hdc[dj ?eZ[ O[Yj_ed 53607.
P^[ ?_jo Ph[Wikh[h i^Wbb h[l_[m WdZ h[dZ[h gkWhj[hbo h[fehji je j^[ ?_jo IWdW][h WdZ ?_jo ?ekdY_b _d Yecfb_WdY[ m_j^ ?Wb_\ehd_W Cel[hdc[dj ?eZ[ O[Yj_ed 53646(X). P^[i[ h[fehji m_bb _dYbkZ[ j^[ \WY[ Wcekdj WdZ j^[ fkhY^Wi[ fh_Y[ e\ j^[ YWi^ _dl[ijc[dj, j^[ YbWii_\_YWj_ed e\ j^[ _dl[ijc[dj, j^[ dWc[ e\ j^[ _iik[h _dij_jkj_ed eh [dj_jo, j^[ hWj[ e\ _dj[h[ij, j^[ cWjkh_jo ZWj[, j^[ Ykhh[dj cWha[j lWbk[ WdZ WYYhk[Z _dj[h[ij Zk[ \eh Wbb i[Ykh_j_[i.
P^[ gkWhj[hbo h[fehj m_bb _dYbkZ[ W ijWj[c[dj e\ j^[ fehj\eb_e'i Yecfb_WdY[ m_j^ j^[ ?_jo'i _dl[ijc[dj feb_Yo WdZ W ijWj[c[dj Z[dej_d] j^[ ?_jo'i WX_b_jo je c[[j _ji [nf[dZ_jkh[ h[gk_h[c[dji \eh j^[ d[nj i_n cedj^i. =ZZ_j_edWbbo, WdZ _\ Wffb_YWXb[, j^[ h[fehj m_bb _dYbkZ[ j^[ Wcekdj ̂ [bZ Xo j^[ ?_jo'i Z[\[hh[Z Yecf[diWj_ed WZc_d_ijhWjeh(i).
16.0 H[]_ibWj_l[ ?^Wd][i;
=do OjWj[ e\ ?Wb_\ehd_W b[]_ibWj_l[ WYj_ed, j^Wj \khj^[h h[ijh_Yji WbbemWXb[ cWjkh_j_[i, _dl[ijc[dj jof[ eh f[hY[djW][ WbbeYWj_edi, m_bb X[ _dYehfehWj[Z _dje j^[ ?_jo e\ D_ZZ[d D_bbit Edl[ijc[dj Leb_Yo WdZ ikf[hi[Z[ Wdo WdZ Wbb fh[l_eki Wffb_YWXb[ bWd]kW][.
17.0 Edl[ijc[dj Leb_Yo =Zefj_ed;
P^[ ?_joti Edl[ijc[dj Leb_Yo i^Wbb X[ WZefj[Z Xo N[iebkj_ed e\ j^[ ?_jo ?ekdY_b ed Wd WddkWb XWi_i. P^_i Edl[ijc[dj Leb_Yo i^Wbb X[ h[l_[m[Z Wj b[Wij WddkWbbo je [dikh[ _ji Yedi_ij[dYo m_j^ j^[ el[hWbb eX`[Yj_l[i e\ fh[i[hlWj_ed e\ fh_dY_fWb, b_gk_Z_jo WdZ o_[bZ, WdZ _ji h[b[lWdY[ je Ykhh[dj bWm WdZ \_dWdY_Wb WdZ [Yedec_Y jh[dZi. =do Wc[dZc[dji je j^[ feb_Yo i^Wbb X[ \ehmWhZ[Z je ?_jo ?ekdY_b \eh WffhelWb.
Rcig!6;
P=>HA 1
Edl[ijc[dj Pof[; @ebbWh eh L[hY[dj H_c_ji IWjkh_jo H_gk_Z
(YWbYkbWj[Z i[fWhWj[bo \eh [WY^
W][dYoti fehj\eb_e)
(Jej je AnY[[Z)
1. C[d[hWb Edijhkc[dji
OjWj[ Edl[ijc[dj BkdZ (H=EB) P^[ cWn_ckc i[j Xo H=EB Kd Z[cWdZ U[i
Q.O. Ph[Wikho >edZi, Jej[i & >_bbi Jed[ 5 ohi. U[i
B[Z[hWb =][dYo eh Q.O. Cel[hdc[dj Ofedieh[Z-Adj[hfh_i[i Jed[ (ikX`[Yj je O[Yj_edi 8.2 WdZ
8.6 (cehj]W][-XWYa[Z i[Ykh_j_[i)
e\ j^[ _dl[ijc[dj feb_Yo)
5 ohi. U[i
KXb_]Wj_edi e\ j^[ OjWj[ e\ ?Wb_\ehd_W, Wdo e\ j^[ ej^[h 49
ijWj[i, eh Wdo beYWb W][dYo e\ j^[ OjWj[ e\ ?Wb_\ehd_W m_j^ W
hWj_d] e\ r>>>s eh WXel[ (eh [gk_lWb[dj) X[\eh[ _dikhWdY[.
5% e\ jejWb fehj\eb_e m_j^ h[if[Yj je
eXb_]Wj_edi e\ W i_d]b[ beYWb W][dYo
m_j^_d j^[ OjWj[ e\ ?Wb_\ehd_W eh e\ W
i_d]b[ ijWj[
15% e\ jejWb fehj\eb_e m_j^ h[if[Yj
je eXb_]Wj_edi hWj[Z r>>>s eh
r>>>+s (r>>>-r _i dej [b_]_Xb[)
5 ohi. U[i
2. ?ebbWj[hWb_p[Z Edl[ijc[dji
N[fkhY^Wi[ =]h[[c[dji 20% e\ jejWb fehj\eb_e 7 ZWoi U[i
@[fei_j WYYekdji =cekdji WXel[ B@E?-_dikhWdY[
ckij X[ YebbWj[hWb_p[Z
Kd Z[cWdZ U[i
3. QdYebbWj[hWb_p[Z Edijhkc[dji
Jed-d[]ej_WXb[, B@E?-_dikh[Z ?@i eh P_c[ @[fei_ji 30% e\ jejWb fehj\eb_e* 5 o[Whi Je
J[]ej_WXb[ ?[hj_\_YWj[i e\ @[fei_j (?@i) 30% e\ jejWb fehj\eb_e* 5 o[Whi U[i
I[Z_kc P[hc ?ehfehWj[ Jej[i* WdZ >edZi* 30% e\ jejWb fehj\eb_e** 5 o[Whi U[i
?ecc[hY_Wb LWf[h 25% e\ jejWb fehj\eb_e 270 ZWoi U[i
Iehj]W][->WYa[Z O[Ykh_j_[i Jej je [nY[[Z 20% 5 ohi. U[i
*L[hY[dj H_c_j (30% e\ jejWb fehj\eb_e) _i W Yebb[Yj_l[ b_c_j Wi je P_c[ @[fei_ji, ded-d[]ej_WXb[ B@E?-_dikh[Z ?@i, WdZ d[]ej_WXb[ ?@i.
** L[hY[dj H_c_j _i W Yebb[Yj_l[ b_c_j Wi je I[Z_kc P[hc ?ehfehWj[ Jej[i & ?ehfehWj[ >edZi, m^_Y^ Wh[ ]el[hd[Z Xo Cel. ?eZ[ O[Y.
53601(a).
4. Kj^[h Edijhkc[dji
O^Wh[i e\ "ced[o cWha[j \kdZi" m^_Y^ Wh[ iebZ m_j^ekj Wdo
iWb[i Yecc_ii_ed eh iWb[i Y^Wh][ e\ Wdo a_dZ (jhk[ de-beWZ
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