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Showing posts from June, 2020

P.V. Narsimha Rao-The Pride of India

When India was on the verge of exhaustion of its foreign reserves in  June 1991, which might have lasted only 3 weeks and international financing organizations like the world bank and IMF stopped assistance, India was facing the worst financial crisis in its recorded history due to the wide gap between imports and exports resulting in fiscal imbalances a 60-year-old was sworn in as the Prime Minister of India and he put India's gold reserves as collateral and got a loan of $2.2 B from the world bank. He happens to be P.V.Narsimha Rao who previously worked as India's foreign affairs, Defence, and Industries minister. He is also regarded as " The father of Indian Economic Reforms".     Later, starting in July 1991 major economic reforms were formulated under Mr. Rao's leadership. He appointed Manmohan Singh who went on to become Prime minister as his finance minister.  Major reforms undertaken by them are: - They liberalized the Indian economy and opened up India

WANT TO SAVE MONEY AND MULTIPLY YOUR SAVINGS?

Are you in a sense of ambiguity about your current working position and want to start saving money? Are you a Student pursuing Graduation and wanting to save some part of your pocket money or a capital for your dream start-up? Are you that typical Indian Middle-class guy who is aspiring to build your own house or buy a car, but your current financial reserves are pulling those dreams down? Are you an employee on the verge of retiring in a few years and is worried about life post-retirement? Then you are on the right platform... The stock market is the perfect solution for all your financial problems. You don’t need to be a CA or approach a mediator for your requirement. If you invest quality time in researching the market and be spontaneous, it is adequate. Here, we will not be giving our Vishleshan but we as a part of our initiative ‘ Reader’s Corner’ has brought you a set of FAQs with insights from one of our reader Ganapathi Raju Suneel. 1.        What is the Stock Mar

How India can strengthen its Global position using UNSC?

India for the 8th consecutive time had been appointed as one of the Non-permanent members of the United Nations Security Council (UNSC) with a near-unanimous victory of 184 votes of the 194. Let us discuss the features of the UNSC and its backstory and also we will provide our Vishleshan about how India could utilize this opportunity and satisfy its long-standing demands. Structure of UNSC: The United Nations Security Council is one of the six organs of the United Nations which was formed in 24th OCT 1945 is the most important and powerful organ of the UN.  It consists of Winners of World War-2 namely China, the US, France, Russia, and China as its permanent members. Prior to 1963, there were only 6 Non-permanent members along with the permanent members making it a tally of 11. But, after that, the strength increased to 10 Non-permanent members making it a 15 member group.   The 10 Non-permanent members were elected from different regions around the world with 5 from the Africa-Asian

Vizag Gas Leak

On May 7 2020 sometime around 3 am in the morning a toxic gas named styrene leaked from a chemical plant LG Polymers ltd. As India battles with the COVID-19 Pandemic, the people living in Simhachalam, Gopalapatnam, Venkatapuram in Visakhapatnam were forced to deal with another unprecedented attack in form of Styrene.   Cause of accident: According to preliminary Investigation, the gas leakage from the plant was reported in the wee hours on 7 may after the company tried to restart its production post 40 days of Lockdown. The cause of incident prima facie by leaking vapor from the Styrene monomer of storage tank near the GPPS (General Purpose Poly Styrene). Hazards possessed by Styrene on Humans: 1.        Burning sensation in the eyes. 2.        Difficulty in Breathing. 3.        Irritation of mucus membrane of the nose. 4.        It is Carcinogenic in nature (Causes Cancer when exposed for longer periods). 5.        Dizziness The response of Authorities: As soon a

Why does India oppose Nepal's New Map?

India is going through a lot of turbulences be it with the rising number of COVID-19 cases or the tensions along the LAC and its faceoff with China or the faceoff with militants in several areas of Kashmir or the differences with Nepal with respect to the New map which announced by the Nepal Parliament. In this article, we will try to know the exact information regarding the Indo- Nepal borders, and also, we will give you our Vishleshan on this row and how these differences can be resolved.                                                    pic: iasparliment Historically, India and Nepal share a brotherly relation. Both countries share a special relationship in terms of trade and tourism. You need not require any passport or visa to visit Nepal. Indians who live along the border of Nepal enjoy the facility of trading in Nepal without any levy imposed on them. Despite these friendly relations and mutual understandings, India always had border issues with Nepal. India shares a 1751

Union Govt announces Biggest Agricultural Reforms in six decades

In what can be said as the biggest agricultural reform, the Union Govt. on June 5th passed an ordinance amending a 65 year-long act the Essential Commodities Act. The Govt. also paved the way for barrier-free trade between the states and also Contract Farming. We will give you our Vishleshan on these three decisions briefly in this article:                                               pic: swarajya 1. Amendment of Essential Commodities Act: According to this act, agricultural crops like pulses, cereals, onions, and other major crops fall under this act, which restricts the farmer to free trade of the crop and this orders him to sell his crop to a 'mandi' from where the majority portion is procured Food Corporation of India (FCI) and the rest by the dealers. This has become an absolute burden for the farmer as very often he is not able to get even the minimum support price(MSP). Now since the Govt. revoked pulses, cereals, and onion give farmers to sell his crop at any pla

Can India become "Atmanirbhar" ?

  Prime minister Narendra Modi in his address to the nation on May 12, said “ it is necessary to convert the coronavirus crisis into an opportunity and make India ‘self-reliant’.The word self-reliant is not new to us as over decades many leaders came up with the same idea but eventually it lost. With Modi's little magic “Aatmanirbhar Bharat Abhiyan “ is back with an enormous package of Rs 20 lakh crore along with a tagline “LocalpeVocal”. pic: ZEE The idea of Self-reliant India is surely a matter of pride. India’s self –reliance will be based on five pillars Economy, Infrastructure, Technology, Demand, Vibrant demography. Self-reliance also needs to make in India and make for the world go hand in hand. The investment in the manufacturing sector should be increased to uplift local brands. The local brands need to be vocalized globally. We have a society with a highly educated, skillful youth yet we are still a developing country because we often waste our brains in increasing o

What is G7 ? Should India become a Permanant member?

Amid the Global Economic distress and the Pandemic, another significant development going on in the world is the silent Coldwar between China and The USA. In addition to this Mr. Trump has invited India to take part in the G-7 summit to be held later this year close to the UN general assembly in September. Mr. Trump also speculated on the possible involvement of Australia, Russia, India, and South Korea into the grouping as permanent members, in order to isolate China and asking the rest of the countries to choose sides. Before we give you a Vishleshan about the participation of India in the grouping let us look at the background of the summit:                                                     pic: TFE G-7 or the group of 7 refers to the intergovernmental economic organizations of seven countries namely France, The United Kingdom, the U.S.A, Germany, Italy, Canada, and Japan . It was set up in the year 1975 in wake of the 1973 oil crisis to discuss, resolve, and find a solution t

India - China Border: The Unorganised lines

Since the past month or so newspapers, TV channels and Social media is buzzing about the tension building up at the India-China border. Have you wondered why these tensions are on the higher side and why are there speculations about India-China War? Do these speculations come true? What is India's argument? What is China Claiming? let us understand in detail the back story and in the end, we bring you our own Vishleshan. pc: TI E India shares its second-largest land border of approximately  4056km only behind Bangladesh 4156km. It shares borders with China in three areas and they are divided into the eastern sector in the Arunachal Pradesh this line is known as McMahon Line, the central sector in the states of Himachal Pradesh, Sikkim, and Uttarakhand and in the western side in the Union Territory Ladakh. The borderlines in the central and western sectors are called Line of Actual Control (LAC).  Unfortunately, the majority of these lines are unorganized and both the countries fai