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What is NPAs and the reasons for the rise in NPA in recent years?


Source: www.fisdom.com

A Non-Performing Asset refers to a classification for loans on the books of financial institutions that are in default or are in arrears on scheduled payments of principal or interest. The assets of the banks which don’t perform (that is – don’t bring any return) are called Non Performing Assets (NPA) or bad loans.

In most cases, debt is classified as non-performing when loan payments have not been made for a period of 90 days. According to RBI, terms loans on which interest or instalment of principal remain overdue for a period of more than 90 days from the end of a particular quarter is called a Non-performing Asset. However, in terms of Agriculture / Farm Loans, the NPA is defined as under-For short duration crop agriculture loans such as paddy, Jowar, Bajra etc. if the loan (instalment / interest) is not paid for 2 crop seasons, it would be termed as a NPA. For Long Duration Crops, the above would be 1 Crop season from the due date. Non-Performing Assets which are called as NPA’s by the banking sector have become a pain for both public and private sector banks in India.

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Section 377: Should it be wiped out or not


Section 377 of the IPC  which is commonly referred to as the ‘anti-sodomy law‘ was introduced during the British rule in India (1860), to criminalise homo-sexual activities. It terms voluntary carnal intercourse against the order of nature with man, woman or animal as ‘unnatural offences’ and prescribes punishment with imprisonment for life, or with imprisonment of either description fora term which may extend to ten years, and fine.

Source: http://www.newslaundry.com

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BUDGET HISTORY: INDIA


budget tan

1947: Independent India’s First Budget

  • Finance Minister: R.K. Shanmukham Chetty.
  • India’s first finance minister Presented: November 26, 1947
  • The Budget Decision: Well, the decision to present a budget itself, since it covered just 7-1/2 months, from August 15, 1947, to March 31, 1948

1951: The first Budget of the Republic of India

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WOMEN EMPOWERMENT SCHEMES IN INDIA


Women empowerment is the empowerment of women which helps them to take their own decisions by breaking all personal limitations of the society and family. It is to bring equality in the society for both male and female in all areas. Women empowerment is very necessary to make the bright future of the family, society and country. Women need fresh and more capable environment so that they can take their own right decisions in every area whether for themselves, family, society or country. In order to make the country fully developed country, women empowerment is an essential tool to get the goal of development.

The Department of Women and Child Development in India sees all the issues related to the women and children. The Department came into existence as a separate Ministry with effect from 30th January, 2006, with the aim of “Empowered women living with dignity and contributing as equal partners in development in an environment free from violence and discrimination. And, well nurtured children with full opportunities for growth and development in a safe and protective environment”. Earlier since 1985, it was a Department under the Ministry of Human Resources Development.

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Gender Budgeting- A tool for women empowerment


Women Empowerment refers to increasing and improving the social, economic, political and legal strength of the women, to ensure equal-right to women. It helps women to control and benefit from resources, assets, income and their own time, as well as the ability to manage risk and improve their economic status and wellbeing. Many of the barriers to women’s empowerment and equity lie ingrained in cultural norms. Many women feel these pressures, while others have become accustomed to being treated inferior to men. Empowering women to participate fully in economic life across all sectors is essential to build stronger economies, achieve internationally agreed goals for development and sustainability, and improve the quality of life for women, men, families and communities.

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Child Labour in India


Child labour in India is biggest problem in India. The main reason is poverty and lack of social security. Commercialisation of education and lack of good quality of education and facilities in the government school do not able to stop the child labour. This situation has to be evaluated at the current scenario.

As we know that child are the future of the country, but the mud of child labour become very harmful to the child rather it is directly affect the future of the nation. Therefore, Government of India has enacted Right to Education (RTE) and also amended Child Labour (Prohibition and Regulation) Amendment Act, 2016 to keep distance from child labouring as well as facilitate the better and free education, easy admission in schools, listened the children’s health to prohibit the engagement of children in all occupations and of adolescents in hazardous occupations and processes and facilitate the rules and regulation of convention of International Labour Organisation (ILO).

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New Development Schemes (Pradhan Mantri Schemes) launched by PM Modi


India is being a welfare state, then it is the duty of the state to play a key role in the protection and promotion of the social and economic well-being of its citizens. It is based on the principles of equality of opportunity, equitable distribution of wealth, and public responsibility for those unable to avail themselves of the minimal provisions for a good life. The New Development Schemes (Pradhan Mantri Schemes) which was launched from the past 2014 to till date, as a welfare schemes, including the AMRUT, Apprentice Protsahan Yojana, Atal Pension Yojana among many more.

National Development Scheme

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Direct Benefit Transfer (DBT): Mechanism to change the scenario of subsidies in India


Before moving on to the discussion on Direct Benefit Transfer (DBT) scheme, firstly we have to understand- ‘what is Subsidy and why it is given?’   Subsidy is a mechanism of welfare state in which government extended its support to the institution, business or individual in the form of a cash payment or a tax reduction. It is generally used as a form of support for particular portions of a nation’s economy which can assist struggling markets by lowering the burdens placed on them, or encourage new developments by providing financial support for the endeavors.

dbt

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Make in India and Digital India: Policy to improve farm productivity and income


Make in India and Digital India both are Incumbent government’s flagship programs. The concept of Make in India initiative was launched to boost the domestic industry and to attract foreign investors to invest the Indian economy. The prime objective of the initiatives is to revive the manufacturing industries and create congeal environment to the entrepreneurs in way of the ease of business whereas Digital India was launched to transform India into a digitally empowered society and knowledge economy. It provides the intensified impetus for further momentum and progress for e-Governance and would promote inclusive growth that covers electronic services, products, devices, manufacturing and job opportunities. Both the policies complement each other and have potential to transform the Indian society.

digital-india

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Demonetisation of Indian Currency Notes: Implications and Effects


What demonetisation is….

The act of banning a currency of being a legal tender is termed as demonetisation. Whenever a country changes its national currency in order to curb counterfeiting and money-laundering, it issues a notice of demonetisation of its older currency of particular denomination and the particular currency is retired and replaced with the new currency. A recent example of demonetisation is that of 500 and 1000 denomination currency units of India.

Demonetisation of 500 and 1000 denomination currency in India

rupee-500-demonetizing

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