An inferno that India will never forget

June 30, 2014 at 2:23 pm | Posted in Uncategorized | Leave a comment

The pipelines that carry voluminous quantities of gas 24X7 for hundreds and thousands of kilometers appear so innocuous until a small technical glitch or a minor human failure causes a massive disaster. The people in the vicinity of the pipeline bear the brunt of the fire that erupts in a fraction of a second.

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India’s financial system’s fault-lines

June 30, 2014 at 2:07 pm | Posted in Uncategorized | Leave a comment
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To keep the public informed about the risks and challenges faced by the economy, the Reserve Bank of India (RBI) publishes the Financial Stability Report (FSR) every six months. The ninth such report has been published. An expert sub-committee delves into the many complex factors that impact the country’s financial system’s stability.

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NCERT Class X- Social Science –The Rise of Nationalism in Europe

June 30, 2014 at 12:02 pm | Posted in Uncategorized | Leave a comment

NCERT Class X – Social Science —

The Rise of Nationalism in Europe A Word about the Statue of Liberty

The Statue of Liberty is an iconic structure of a lady holding aloft a torch in her right hand, and a tablet in her left hand that had the date of the American Declaration of Independence (July 4, 1776) written on it. The huge statue stands in the New York Harbour, in Manhattan, in New York City in the United States.

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India getting closer to international nuclear mainstream

June 27, 2014 at 5:12 am | Posted in Uncategorized | Leave a comment

Within weeks of assuming office, the Modi government has complied to a key stipulation of the signed the International Atomic Energy Agency (IAEA) by signing the Additional Protocol with regard to its nuclear activities.

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Indian government provides succor to beleaguered sugar mills

June 26, 2014 at 5:03 am | Posted in Uncategorized | Leave a comment

The Centre on Monday unveiled a relief package for beleaguered sugar mills reeling under acute cash-flow problems. Their woes have spilled to the cane growers who have not been paid by the mills. The outstanding has reached a staggering total of Rs.11,000 crores. Given the acute distress the situation was causing to the farmers, the government was forced to act.

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SEBI moves to make Primary Market vibrant

June 24, 2014 at 3:13 pm | Posted in Uncategorized | Leave a comment

The need of the hour — Orderly share market

When the country smelled a Modi victory, the share market began to roar. The Sensex went up and up touching a new high. The rupee strengthened simultaneously, perhaps bolstered by the large inflow of funds from Foreign Institutional Investors (FIIs). Scratch the surface, and you will see that the soaring Sensex and the stronger Rupee do not signal a return of investor confidence – the thing the ailing economy so direly needs as the elixir.

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Comprehension exercise 4

June 23, 2014 at 2:34 pm | Posted in Uncategorized | Leave a comment

Comprehension exercise 4 …

A paltry 19 minutes a day

Since the arrival of Gutenberg’s printing press in 1450, the primacy of the written word — as a means of distributing information, for delivering pleasure — has been mostly unquestioned. But with the rise of radio, television, and now the Internet, print’s reign has come under fire, and is perhaps approaching an end.
A recent study from the U.S. Bureau of Labor Statistics has found that the average American spends only 19 minutes a day reading; young people read less than ever, apparently, with people ages 25 to 34 reading eight minutes a day on weekends and holidays, while those 20 to 24 average around 10. This, of course, is a decline: a report from Common Sense Media found that 45% of 17-year-olds admit only reading for pleasure a few times a year — up from 19% in 1984.
The causes implicated were obvious, naturally having to do with the ubiquitous presence of screens in our lives. Is this progress? It’s hard to say. Vox has some pretty charts that’ll help you decide for yourself.

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Indian Railways corrects its course under Gowda

June 23, 2014 at 3:04 am | Posted in Uncategorized | Leave a comment

Putting the derailed railways back on track

Riding on the back of its massive election victory, the Modi government has rightly decided to eschew the populist policies of the earlier governments and set out on a path of course correction for the railways. The resounding victory has allowed the BJP to retain the portfolio to itself instead of gifting it to an irresponsible ally out to get some popularity at the cost of the long term interest of Indian Railways. It has decided to increase the passenger fares by 14.2 % and the goods fare by 6.5%. This will help the railways to augment its cash earnings to certain extent.

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Indian hostages in Iraq — the possibility of a spiralling conflict

June 22, 2014 at 6:23 am | Posted in Uncategorized | Leave a comment

Iraq’s Shia-Sunni strife roils India

Iraq’s ethnic fault lines have come to the fore again. The nation is now caught up in a fratricidal war between its dominant Shia community and the strident Sunni minority that has felt increasingly marginalized under the government of President Nouri al-Maliki. Nearly 40 Indian workers, who are in Iraq to earn their livelihood, have been held as captive by militia men of the Islamic State of Iraq and Syria (ISIS), a jihadi group fighting to reassert Sunni dominance in the country.

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The FSLRC Report and the sorrounding controversies

June 22, 2014 at 4:13 am | Posted in Uncategorized | Leave a comment

Wading into troubled waters – Financial reforms need more thinking through

Preamble …. It has frequently been observed in the past few years that the many agencies such as the Ministry of Finance, the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI), the Insurance and Regulatory and Development Authority (IRDA) have been involved in mutual bickering over their overlapping powers and responsibilities, and their varying view points over many important matters of policy. To bring clarity and end friction between the many bodies involved in the financial matters of the country, the Government of India, through the Ministry of Finance, had set up a body named The Financial Sector Legislative Reforms Commission (FSLRC) on March 24, 2011. Its mandate was to review and rewrite the legal-institutional architecture of the Indian financial sector. The former Judge of the Supreme Court of India, Justice B. N. Srikrishna headed this body. Experts drawn from the fields of public administration, economics, law and insurance were included in the panel.

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