Tag Archive | inclusion

Industry Vs. Agriculture: Prime Moving Force Debate


Soon after the independence, the Indian government selected industry to be the prime moving force of the Indian development. However, there was a great debate over this choice, as agriculture was thought to be more suitable for the role of the prime moving force in India.

The selection of industry as the prime moving force was also questioned as:

  1. There was almost an absence of infrastructure sector, like- power, transport, and communication, in India;

  2. There was also a negligible presence of infrastructure industries, like Iron & Steel, Cement, Coal, Crude Oil, Oil Refinery and Electricity;

  3. Lack of investible capital;

  4. Absence of required technology to support industrialization. There was also no R&D in India;

  5. Lack of skilled manpower;

  6. absence of entrepreneurship among the Indian masses;

  7. Absence of the market for the industrial goods.

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Relevance of G-20 for Development


The later half of the 1990s had witnessed sea changes in the global power politics. While the US remained the dominant power, there emerged many economic power, from the global South, like China and India. The subsequent East Asian Financial Crisis of 1997 highlighted the need for greater economic cooperation between the developed and developing countries. A number of multilateral forums were established to initiate an informal dialogue between the different countries.

The Finance Ministers and Central Bank governors of the Group of Eight (G-8) announced the their intention to broaden the dialogue on key economic and financial policy issues among the systematically important economies, and to achieve stable and sustainable world economic growth that benefits all. This gave birth to the G-8, which comprised of countries like- USA, UK, France, Germany, Italy, Japan, Canada and Russia.

These 8 countries were later joined by 11 emerging and developing countries, namely- Argentina, Australia, Brazil, China, India, Indonesia, Mexico, Saudi Arabia, South Korea, South Africa and Turkey, along with the European Union to form the G-20. Read More…

Transgender Community as Third Gender


Recognising the Transgender the Third Sex

There is a significant number of transgender population in India, since ancient times. Indian scriptures have mentioned the role and presence of the transgender community in the Indian society. In times of joy and sorrow, transgender community has been an integral part of the Indian social framework. However, there has been a severe discrimination and neglect towards the Transgender community.

For many decades, the transgender community has lived in darkness and slumber, due to the harsh treatment and stereotypical behavior towards them. Read More…

14th Finance Commission: Some Challenges


The Constitution provides for a Finance Commission under Article 280, in order to facilitate the mechanism of transfer of funds and resources between the Centre and states. The Finance Commission is to address the vertical imbalance- between Centre and states- as well as the horizontal imbalances- the one between the states with varying degree of fiscal capability but similar responsibilities.

The 14th Finance Commission was announced in 2013, with Y. V. Reddy as its Chairman. It’s recommendations would be applied for the period 2015-16 to 2019-20.

An important issue, which has given birth to several debates, is the growing dominance of the centre at the cost of the autonomy of the states. Read More…

Financial Inclusion of North-East India


North-East India

Financial Inclusion refers to the provision of financial services to the people of the lower strata of society. India has a large disparity in socio-economic growth. To bridge the existing disparity, the Reserve Bank of India (RBI) set up the Khan Committee to look over the issue of financial inclusion. The recommendations of the Khan committee were incorporated in the RBI policy 2005-06.

RBI has directed all the banks to facilitate opening of no frills saving bank account with zero or nominal balance to lower income customers. This was done to ensure the financial inclusion to a greater extent in India.

In 2013, India’s first Financial Inclusion Index, called- CRISIL INCLUSIX was launched. The index is a scale of 0-100 with branch, deposit and credit penetration as the parameters of the index. CRISIL Inclusix used data from 2 lakh data points and 165 banks. The index has been started with banking services presently and has the provisions for extension to other services.

Status of North-East States in Financial Inclusion

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