Services sector is transforming the economic profile of the country and is poised to register tremendous growth and contribute significantly to the overall economy in terms of wealth creation. It is against this backdrop that the Reserve Bank of India constituted a Working Group in December 1999 to examine the possibility of strengthening the existing bill discounting mechanism and extend its scope to services sector in view of the latter’s growing importance. 1.1 The terms of reference of the
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the conflicts also acted as a major trigger for the crisis. Peace and unity are what the entire human desired for‚ though‚ the Muslim League‚ the founder of Pakistan‚ didn’t hold the same opinion with the most people. Fearing that their privileged position might be threatened in a democratic India society with Hindu majority‚ the Muslim elite from the All-India Muslim League proposed a plan calling for a separate Islam homeland ---- Pakistan for all the Muslims in India. In order to support their
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Previous Next Latest Banyan Latest from all our blogs India’s economy A five-star problem Aug 30th 2013‚ 14:41 by P.F. | MUMBAI THE rupee’s tumble continues to grip India. On August 29th Duvvuri Subbarao‚ the departing boss of the central bank‚ told an audience in Mumbai of the widespread “dismay about the ferocity of the depreciation”. Today‚ on August 30th‚ I spoke to the boss of a big hotel in the city who says he is preparing to dollarise his business. The rupee is too flaky to operate
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Major Problems Involving Children World today is said to have changed drastically due to various causes. It affects each and every people from every level of society‚ including children. Children are affected badly because they are not mature enough to cope with the situation that surrounds them. As the world becomes crueler each day‚ children are looked to be the victim of the situation. Adults seems like they are not playing their roles well in terms of protecting children. Because of that
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1. The National Food for Work Program The National Food for Work Program was launched on 14 November 2004 in 150 of the most backward districts of India with the objective of generating supplementary wage employment. The program is open to all rural poor who are prepared to do manual‚ unskilled labor. It is implemented as a centrally-sponsored scheme. Food grains are provided to the States free of cost. 2. Prime Minister Rozgar Yojana Prime Minister Rozgar Yojana for providing self-Employment
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understand the instructions on a federal income tax return‚ and twelfth grade competence to read a life insurance form. Unfortunately‚ more than three fifths of the population is unable to read with the competence of a fifth grader. Steps to resolve this problem must be taken immediately. Educational improvements need to be made at the most basic level‚ in the country’s grammar and elementary schools. For‚ it has been proven that supplying children between the ages of five and ten years of age with numerous
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Poverty: A Growing Problem in America When you hear the word poverty what comes to mind? One might think of poverty as the poor or the less fortunate. Some may even say deprivation is a great adjective to describe poverty. Others may say something a little more vulgar and go as far as calling people of poverty trash. Well according to the Social Work Dictionary‚ poverty is the state of being poor and deficient in money or means of subsistence. Other definitions similarly stress the link between
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GLOBAL WATER CRISIS-Water – the essential ingredient for life on this planet ‚ is becoming an increasingly scarce resource. According to the World Bank and World Health Organization‚ 2 billion people lack access to clean water and 1 billion people do not have enough to even meet their daily needs. Every day an increasing amount of pollution seeps into rivers and lakes making them toxic to humans‚ and underground aquifers – our most significant sources of water – are being depleted at an alarming
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Socio-economic issues in India Overpopulation India suffers from the problem of overpopulation. The population of india is very high- 345 million approx. [1][2][3] Though India ranks second in population‚ it ranks 33 in terms of population density below countries such as The Netherlands‚ South Korea and Japan. There is a lot of problems which arise due to such a large population. Problems such as unemployment ‚ excessive pressure on environment‚ social infrastructure and the most important food availability
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Poverty is something that many people face in their everyday lives‚ more people than one might think. Those who are impoverished aren’t just the ones you see living on Skid Row‚ or those who stand by traffic lights with signs begging for money. Sometimes it is not that obvious. Poverty can be hiding behind the closed doors of a home. Kids sitting at the dinner table‚ wondering if they will have a meal that night‚ because even though Mom works full time‚ the bills need to be paid. Poverty can be found
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