Professional Documents
Culture Documents
OVERALL DEVELOPMENT
India did make significant progress in several spheres:
agriculture, irrigation, atomic energy, space, information and
communication technologies and science education.
To ensure ecological security, provide safe drinking water,
better health, employment, peace and equity, India has to
utilized science and technology effectively. There is a need
for a strategy for the future, using the combined strength of
science and socio-economic sectors. Rahul did not impress.
Player in this Global Century
Narendra Modi
transformed Gujarat into a story
developmental success
appreciated the world over. TIME endorses his ten year long
journey of progress becoming “India’s most industrialized and
business friendly territory” it further identifies the drivers of his
success as “good planning-exactly what so much of India lacks,”
and a leader with the ability to get things done.
Former PM Manmohan Singh too was a respected &
loved leader (He lost election in 2014)
New York: Prime Minister Manmohan Singh topped
Newsweek Magazine's list of 10 world leaders who
have won respect and is described as "the leader
other leaders love" though India figures at 78th
place in the list of 100 best countries.
77-year-old Singh, who was into his seventh year in office, had played
a "key role in India's emergence as one of the rising powers of the
21st century."
In an article titled "The Leader Other Leaders Love", the magazine
said the economist-turned-politician Singh, engineered the transition
"from stagnant socialism to a spectacular takeoff in the global
economy."
May 27, 2014
New Delhi, India. Yesterday, Narendra Modi of the
Bharatiya Janata Party (BJP) was sworn in as India’s
fifteenth Prime Minister.
Modi ran on a pro-growth and anti-corruption platform, and
his party won a landslide victory in parliamentary elections.
By electing the BJP by outright majority—282 of 543
seats—voters voiced their discontent at chronic corruption
scandals, high inflation and poor economic growth.
Sab ka Saath, sab ka Vikaas?
May 27, 2014
Is bakwaas ne dilaaya tha vishwaas!
First Budget by
Arun Jaitley (also called Jhootlay by enemies), Modi’s FM:
Trim expenditure,
Raise resources through encouraging private investment to
revive growth,
A program of disinvestment of public assets to mobilise funds
from the sale of the government’s stake in non-government
companies.
Raise FDI in defense production units
In Sept. : Cleared the sale of partial stakes of Govt. in ONGC,
CIL and NHPC _etc.
Modi listed top 10 priorities, to fix 100-day agenda:
The situation
The skies have cleared and water levels have come down
although road connectivity in several parts is in need of
restoration.
A pet plan of PM Modi's is
building 100 smart cities, as the country is in the middle of a
massive wave of urbanisation.
Modi started in Gujarat with the Greenfield Gujarat
International Finance Tec-city (GIFT). This venture is now
proceeding rapidly, as it has been allotted 11 million sq. ft. for
construction. As he moved to the Centre, Modi has started
work on implementing the idea all across India. It is among
his few plans that may move smoothly ahead.
The concept of a talk of a
smart city was driven around the world initially by
IBM and Cisco. It has caught the imagination of
many now. Lavasa, near Pune, was an early
example. A 4,500-acre township called Wave City
near Delhi was another. These were followed by
seven cities along the DMIC, which are now under
development. Tumkur — along the Bangalore-
Chennai corridor is also considered.
Acche Din may be here, Businessmen,
Indian consumers, wait !
A stubborn inflation rate,
2017, Dassault deputy chief executive officer Loik Segalen said this
was done to ensure the French company got the “Rafale India export”
business.
Hindustan Times pointed out in a report on Thursday it
wasn’t clear if Segalen’s reference was to the offsets — the
only way Dassault could benefit from these was if it
partnered with a local company to make parts it could then
source — or the original deal. Dassault clarified that his
reference was to the offsets, or components it would have
to buy from an Indian manufacturer.
Separately, Dassault Aviation CEO Eric Trappier told AFP
the joint venture with Reliance Group will meet about 10%
of the firm’s offset obligations required by the contract for 36
Rafale jets.
BANKS: Non-performing-assets or Not-paid-
accounts?
2017: Indian banks have reported willful defaults of over
Rs. 111,738 crore involving 9,339 borrowers who have the
capacity to pay up but refuse to repay loans.
State-owned banks have reported willful defaults of Rs
93,357 crore involving 7,564 borrowers as of Sept. 2017,
according to data available with the Credit Information
Bureau of India Ltd (CIBIL)_ a 340 % surge in less than
five years as total willful defaults were just Rs. 25,410 crore
in 2013.
The total loan write off by banks in the last ten years is now
over Rs. 360,000 crore. Banks had written off Rs. 228,253
crore in nine years — from fiscal 2007-08 to 2015-16. ICRA
said that write offs amounted to Rs. 132,659 crore in 2016-17
and the first six months of 2017-18.
Rating firm Crisil has said the stock of gross NPAs in the
banking system is expected to rise to Rs 9.5 lakh crore by
the end of this fiscal. NPAs started rising fast since fiscal
2015, and trebled from Rs. 3.2 lakh crore seen then, after the
RBI pushed banks to recognize NPAs on time rather than
kick the can down the road.
The RBI is yet to disclose the full list of defaulters. In 2017,
the RBI had told the Supreme Court that it was not in favour
of publishing the list of loan defaulters who owe more than
Rs. 500 crore to public sector banks.
The RBI has defined willful default as one where the unit or
borrower has defaulted in meeting payment or repayment
obligations to the lender despite the capacity to honour
these commitments.
It also includes those who have siphoned off or not utilised
funds for the specific purposes for which finance were
availed of.
The RBI has allowed credit information bureaus such as like
CIBIL to disclose the identity of willful defaulters and those
borrowers against whom banks have filed suits for recovery
of loans. Regular suit-filed NPA (non-performing assets)
accounts of banks involve loans of Rs 259,991 crore
involving 16,844 borrowers.
SBI leads with Rs. 74,649 crore of 3,684 borrowers. Other
nationalized banks have filed cases against 9,507
borrowers for recovery of Rs. 129,636 crore, according to
CIBIL data as of September 2017
In January, PNB uncovered the alleged
fraud in which several bank officials were
suspected of colluding with jeweller
Nirav Modi and his uncle Mehul Choksi to
issue fraudulent LoUs for their companies to raise loans
from overseas branches of mostly Indian banks.
The CBI, which has arrested 14 people in the case so far, on
for the first time said that bribes were paid to at least one
PNB official by Nirav Modi.
Misogyny, women's experiences as workers
In a situation of unemployment, are men annoyed when competing for the same
opportunity with women who are perhaps more competent? However women are multi-
tasking creatures, at work & home.
In the story of Genesis, why woman is a later creation and made from the body material of
Adam, the first man? Did misogyny start with religion itself ?
Has misogyny worked to limit, devalue, and marginalize the work of women?
Have sense of inferiority to woman caused Ravana & Duryodana to bring on war and end?
[Of course, they were already wrong-doers in other aspects of morality.]
Did Shurpanakhi & Draupadi write Ramayana and Mahabharata? Had men to fight
because of women? Insult to a wicked Shurpanakhi (who deserved to be killed) led to
revenge by brother Ravana and insult to Draupadi triggered the vow by gambler Pandavas
to destroy Kauravas. Well! Men have the weaknesses and have to face consequences
too.
Without being a feminist, answer these Qs. Think. Now, there is a ‘Me-too’ party!
“Black Money is the aggregate of incomes which are
taxable but not reported to authorities.”
2015: ‘The Black Money (Undisclosed Foreign Income
and Assets) and Imposition of Tax Act, 2015’ has been
announced and criticized as harsh. It is commented that
officers would harass them.
Black money is a serious problem, which needs strict
handling.
It needs to be brought into the economic mainstream.
Stringent penalties are applicable under money
laundering legislations globally.
Goods and services tax (GST)
It aims to change multiple taxes on goods and services