Archive | September 2014

National Judicial Appointments Commission Bill (NJAC), 2014


National Emblem

 

National Judicial Appointment Commission Bill 2014

The issue of appointing a National Judicial Appointment Commission has been in debates recently. This was due to the fact that certain sections are of the opinion that such an arrangement would impede against the principle of separation of power and judicial independence, which constitute a part of the Basic Principles of Indian Constitution. Read More…

[Part 1] Revolutionary Movement in Europe: Holy Alliance and Britain


The period after 1815 saw the emergence of revolutionary activity in every country in Europe. While some of the revolutions aimed at overthrowing the autocratic rulers and abolition of serfdom; some others aimed at overthrow of foreign rule and social-economic-politico reforms. Nationalism emerged as a major force in this period. Revolutionaries were generally inclined towards fighting despotism everywhere. The despotic governments were also united to suppress every revolt and movement against any despotism.

The Holy Alliance

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WORLD WAR-1: A Brief Overview


World War I

World War I

Often called as crises of modernity in the twentieth century, World War -1 was a major factor that changed the world forever. There had been continuous clash amongst colonial countries to expand their power and capture cheap resources as well as labors since nineteenth century onwards. There were six contenders in the beginning of the twentieth century for domination of the whole world- USA, UK, France, Germany, Russia and Japan.

IMMEDIATE RUN UP

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[Part 2] Lessons from Life of Indian Thinker: Mahatma Gandhi


Principle of Character

Gandhi idealizes a moral and ethical character. Character comes from within. It is the key to success. One’s character must be clear, truthful and self-controlled. Gandhi believed that the true test of a civilization and culture is the degree to which these are able to inculcate moral-ethical values in the character of an individual. It is a moral character that guides the human beings towards progress. A weak character breaks in the wake of adverse situations; but a strong and stable character faces every adversity with courage. Also, a good character radiates itself to the society, bringing goodness all around. Thus, a noble character alone can make an impact on the masses. Read More…

Current Events Chronology: Compilation for India and World Jan-July 2014


Dear friends,

The importance of current affairs has increased in the recent years. As a result, we spend a lot of time reading and researching the newpapers and magazines. We have compiled important news and current events for the months of January to mid-July, to help the fellow aspirants prepare for the exams.

This is the India and the World section of the news and events for the months of January to mid-July. We will update and cover the coming months soon.

Hope it will be helpful for the fellow aspirants in their jouney to the UPSC.

Thank you for your support and appreaciation.

All the material related to the current events have been placed, in a revised form in a chronological order. This will help you know about the events in a systematic order.

Here is a sample of events that the file would cover: Read More…

Brewing turbulence in the money market : a glance


  • How safe are our hard earned money in the volatile and turbulent money market of today? Well, scams like Saradha chit fund ,  fluctuating prices of Gold certainly don’t draw a good picture in our minds. Do they?
  • CDS (Credit Default Swap) has rightly been called ‘the financial weapon of mass destruction’ by Warren Buffet. Euro Zone has been the victim of it’s wrath in the recent times.
  • LIBOR scam was in the news some time back . (LIBOR is a benchmark interest rate of the world issued by top 18 bank, which decides the interbank and commercial lending rates throughout the world ). Taking advantage of it’s dynamic nature, banks like Barclays, RBS were apparently manipulating this rate for their own benefits.
  • The ‘Sub-Prime Crises‘ of 2008-09 created havoc in the economies across the globe, wherein millions of people lost their jobs, homes and everything they owned. The reason being short-shortsightedness of regulators who were hedging high rating mortgages multiple times without worrying about the consequences.

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Current Events Chronology: Compilation for Miscellaneous events Jan-July 2014


Dear friends,

The importance of current affairs has increased in the recent years. As a result, we spend a lot of time reading and researching the newpapers and magazines. We have compiled important news and current events for the months of January to mid-July, to help the fellow aspirants prepare for the exams.

This is the Miscellaneous section of the news and events for the months of January to mid-July. It covers issues related to health, sports, culture, art, disease etc.

We will update and cover the coming months soon.

Hope it will be helpful for the fellow aspirants in their jouney to the UPSC.

Thank you for your support and appreaciation.

All the material related to the current events have been placed, in a revised form in a chronological order. This will help you know about the events in a systematic order.

Here is a sample of events that the file would cover: Read More…

[Part 1] Lessons from Life of Indian Thinkers: Mahatma Gandhi


The ideas of Mahatma Gandhi, not only influenced the currents in the Indian society, but also influenced the global philosophical debates. Gandhi is seen as a champion of the modern ethical philosophical thinkers. His life, itself, became an example of moral-ethical conduct. He viewed human life as an integrated whole, which grows through our actions and beliefs. Gandhi gave moral values, a predominant role in the process of reform of the human society.

Introduction

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Smart Cities : a Brief Overview


  • With a budgetary allocation of Rs 7060 crore for 100 cities, the new government of India has definitely put a spotlight on this whole new concept of ‘Smart Cities
  • Although without a specific definition, smart cities are supposed to be e-governed, along with continuous improvements in management, sustainable development and variety of new applications for its residents.
  • Focus should be on villages, given that majority of Indian people still reside there; e-panchayat projects could be very crucial in such circumstances.
  • The approach has to be ‘bottom -up’ and measures should be proactive than reactive in nature.
  • Municipal services (in urban areas) need to play an active role . Public -private partnerships could ensure availability of basic services and infrastructure to all.
  • Last but not the least, smart decision making needs to be encouraged. For instance- in Raipur, individuals are given choice of the fair price shop according to his/her preference and so as the quantity(within the prescribed limit of course). How smart is that? 

Team Aspirant Forum

© Aspirantforum

White Label ATM: An Analysis


White Label ATM or White Label Automated Teller Machines or WLAs in India will be owned and operated by Non Bank entities. It is customer’s friendly and they can withdraw money from any bank, but will need to pay a fee for the services. These white label automated teller machines (ATMs) will not display logo of any particular bank and are likely to be located in nontraditional places.

Reserve Bank of India has authorized three non-banking entities for setting up white label ATMs with a view to increase financial inclusion. Certificates of authorization has been issued to BTI Payments Pvt Ltd, Srei Infrastructure Finance Ltd, and RiddiSiddhi Bullions Ltd.

The concept of White Label ATMs are very popular in Canada. From 2006 , few banks in India trying to introduce WLA through RBI. Read More…