Month: March 2015

  • Newspaper Must Read Articles of The Day– 22 March 2015

    The Hindu National Budget Session, a victory for govt. and Opposition – the Budget Session has seen both sides scoring their own victories, the govt has also been given lessons in parliamentary democracy by the Opposition. Mass copying in Bihar a social issue – for the  families of girls, a pass is a must for…

  • New Governance Program Pragati – Proactive Governance and Timely Implementation.

    What is it ? New governance Reform initiative  Pragati –  Proactive Governance and Timely Implementation. It is touted to be a credible mechanism for redressal of public grievances. Features of the program – Three major objectives of the program grievance redressal project implementation project monitoring For this an IT  based redressal and monitoring system has been designed i.e…

  • Newspaper Must Read Articles of The Day– 21 March 2015

    The Hindu  National Coal, mines Bills cleared as govt. has its way – The govt. managed to pass the Coal Mines Bill on the last day before the Parliament broke for month long recess in budget session. Black money Bill tabled in Lok Sabha -Undisclosed income abroad will no longer be taxed under IT Act, but at…

  • Newspaper Must Read Articles of The Day– 20 March 2015

    The Hindu National Now, opposition from Japan blocks India-US deal – The major opposition from Japan is on the issue of ‘tracking’ nuclear activity. Centre yet to name two Anglo-Indians for Lok Sabha – The Anglo-Indian community has gone unrepresented for four sessions of the Lok Sabha. Japan firm on data sharing, weapons test conditions …

  • Major Highlights of the Insurance Laws (Amendment) Bill, 2015 Passed by Parliament

    The Insurance Laws (Amendment) Bill, 2015 was passed by the Parliament. The passage of the Bill paved the way for major reform related amendments in the following acts : – Insurance Act, 1938 The General Insurance Business (Nationalization) Act, 1972 The Insurance Regulatory and Development Authority (IRDA) Act, 1999. I have prepared this post with…

  • Economic Survey Highlights : – Problems with APMCs and possible solutions

    Current Scenario Presently, markets in agricultural products are regulated under the Agricultural Produce Market Committee (APMC) Act enacted by respective State Government. This Act notifies agricultural commodities produced in the region such as cereal, pulses, edible oilseed and even chicken, goat etc. The first sale in these commodities can be conducted only under the aegis…

  • Economic Survey Highlights : – Manufacturing or Services ?

    Excerpts from Economic Survey – In order to bring about expansion and structural transformation, India should utilize its dominant resource of unskilled labour. But, “What should India make?Manufacturing or Services? ” The Economic Survey distinguishes registered manufacturing ( formal sector) from the general manufacturing which covers informal sector as well. Advantages of Registered Manufacturing ( Formal Sector ) Has the…

  • Budget 2015 Excerpts : – Major New schemes

    1. Micro Units Development Refinance Agency (MUDRA) Bank Government has planned to set up a Micro Units Development and Refinance Agency (MUDRA) Bank through a statutory enactment. This Bank would be responsible for regulating and refinancing all Micro-finance Institutions (MFI) which are in the business of lending to micro/small business entities engaged in manufacturing, trading and…

  • Budget 2015 Excerpts :- Five Major Challenges to the Economy

    I’ve prepared this article from the Budget speech of Finance Minister. Five major challenges before the economy as informed in the budget by the Finance Minister are :- 1. Agricultural incomes are under stress.  To increase the incomes of farmers, it is imperative that a National agricultural market is created, which will have incidental benefit of…