Inclusive growth
India is a country having world second largest population. still, only 50 to 60 % population avail the facilities of banking . The excluded population includes underprivileged class, people under BPL etc. with the concept of financial inclusive growth, banks can provide services to them in terms of lending, financing loans, credit schemes etc. This helps in reducing the number of persons below poverty line. It also helps in locating the areas where developments is required. In developed economies, financial inclusion includes small population. whether in india, it includes large excluded populations. It helps in overall growth of the society. It helps in terms of social growth, political awareness and economic growth also. The initiatives taken by rbi regarding financial inclusion is reaally praiseworthy.
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Saturday, January 29, 2011
Thursday, September 16, 2010
indian economy
Year 2008 and year 2009 are worst economic year of this decade. The economy is now under recovery. The India gdp and national income is growing at a fast pace. The central government planned a number of recovery package for the ailing Indian economy. The economic recession adversely affected the export oriented sectors like software . The main reason behind this downfall is the great recession in the us and some parts of the europe. The indian economy which is largly a home based economy, does not get affected by the world economic disaster. However, in the early months of 2010, the economy shows some signs of recovery. Recovery package issued by Barak Obama in helped the us economy to come back to its initial stage and this largely helps the world economy to come back to its back track. The industrial sector also shows some signs of recovery ,especially steel and metallic sectors. The software sector is still in tight hold because the us economy is still under the path of recovery. The agriculture sectors and the small scale industrial sector does not get affected from this recession as they are mainly based on the Indian market. by mid 2010, the indian economy is booming and one can say that it is now fully recoverd .
Thursday, September 2, 2010
china presence in POK
The chinese incursion in pok is really a serious issue for the indian subcontinent. We talk about sovereignty and mutual cooperation. then why we are allowing . Does china is not acting like a back stabbers. does they are not acting like a permamnet problem to india. We must see that pakis are not our problem. the real problem is china. considering china growth, even usa is backing india in defence and social developments. China is making a blue water navy for its south china sea. It is more can be called as a china lake. India must take bold action in order to secure its strong economic growth and growing presence in the international arena. We must produce strong intellectuals and we must develop a strong social bond in order to prosper in this competitive world. The Chinese incursion can be seen as a threat to Indian sovereign and political status in the south east asia.
Friday, August 20, 2010
havoc in pakistan
pakistan is facing an unforseen flood in his 60 year of his existence. devastation caused by flood is unimaginable . Its magnitude is more than that of 2007 earth quake. indus river flows out of control after sudden rain outbursts.The whole country is affected. India has given 5 million $ aid to pakistan . Seeing the devastation, lot of countries came to rescue for the pakistan. According to locals, water rose at such a pace that people got very less time to come out of their house .It is really a matter of concern as one can say that their is a sudden change in the atmosphere of the surroundings. Outbursts of clouds in the Leh region, flood devastation in pakistan etc are the proven exaples of the current change in the climate. I am not saying that only pakistan is responsible for this act. But, we all are responsible for this climate change. reckless cutting of trees , heavy industrializtion etc are affecting the climate . we are acting as a silent killer of our mother earth.
Thursday, August 5, 2010
It is really a shame for india that we are making ourselves ashamed in front of world. Just before 2 month before commonwealth games, lot of scandals are coming into the picture. lot of agencies are involved in this conundrum. It is really a shame for india. politicians and other contracting agencies are involved for this henious act. This is a matter of national pride that we are organizing
Friday, July 16, 2010
the new rupee symbol
the new rupee symbol creates an identity for the Indian currency. It made our stand in the Indian as well as international stand as a fortified strong economy . The cause of concern for the Indian rupee is now a matter of past. the new symbol has been designed by a post graduate student of iit mumbai. It is really a matter of pride for india. just like, Us dollar ,Europe euro and japan yuan, we the strongest country of the south east asia have our own strongest rupee . It bifercates us from the currency of Afganistan, Bangladesh and Pakistan.
However, the strong country economy will act as a shield for this newly born rupee in this highly competitive market.
However, the strong country economy will act as a shield for this newly born rupee in this highly competitive market.
Friday, July 9, 2010
current scenario in kashmir
the situation of kashmir is nothing but a quagmire.the precarious situation is like a lull before a storm. The state and crpf are unable to handle the uncontrolled situation.The problem has been handled by army now .they will handle the whole situation now.
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