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The first Panchayat was inaugurated by then Prime Minister Jawahar Lal Nehru on 2 October, 1959 at Nagaur District of Rajasthan. The Panchayats are self-governing body which has distinct and well defined functions. It mainly works in rural regions. Panchayats are headed by Sarpanch which is elected for a period of five years by the members of Gram Sabha.
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‘A’ invested Rs. 3600 for ‘x’ months while ‘B’ invested Rs. 600 less amount than ‘A’ for (x + 2) months....
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