संदेश

India becomes the 4th largest economy: growth economy explained

Dr. Manmohan Singh known as good reformers and shaping Indias economy journey. His role as both reformer and policymakers. 1991 India faced a severe economic crisis, nearly foreign exchange reserve depleted, it's critical time Dr. Manmohan Singh serving as a finanace minister. Then introduced bold reform, reduce important barrier and open economy to foreign investment and start open and market driven system, believe long term impact, formation of rapid growth IT sector service sector. As PM Dr. Manmohan Singh approach inclusive growth i.e MGNREGA, RTI act 2005,national rural health mission, his time period growth rate exceeding 8 percent. Middle class expand and reduce poverty. Remember me one best quate- strong foundations take time, now the structure is rising. Now explain prasent situation -Indias GDP 4.5 trillion dollar and prasent time stand on 4th position. Indias GDP per capita is 2500$ as compared japans 34000$.indias top 1 percent in India hold over 40 percent of indias we...

Special intensive revision process explained

Comprehensive door to door verification and updating of electoral rolls undertaken by ECI(election Commission of India) to ensure accurate and error free voter list. It is related to section 21(3) of representatives of people act (RPA) 1950,Article 324,325,326 .    Key features of SIR (1) intensive house to house verification by BLO( booth level officers) (2) eligible voters and deletion of duplicate entries, deceased individual in eligible persons. (3) addition of document residence and citizenship verification. Previous SIR have been conducted irregular at least 9 times since 1950 in various states. Electoral rolls days voter list includes every one who is registered to vote in a designated area. Regularly updated to add new voters and remove those who are ineligible to vote. Three types- General (common man), service (armed forces and government posted outside), overseas (NRI).  Let's understand needs for SIR- correction of electoral rolls revision of new voters, remov...

New labour codes 2025:salary rules and benefit

 21st November 2025-The union labor minister announce implementation of 4 labor codes which will replace 29 fragmented laws. Parliament has passed these codes between 2019-20(1) codes on wages 2019 (2) industrial relation code 2020 (3) code on social Security 2020 (4) occupation safety health and working condition code 2020 , labor is a subject in concurrent list (schedule vii article 246).12 million people attain working age every year in India. Therefore India needs adequate generate employment growing youth population.  Working age population 15 to 59 years. According to eco survey data 2023-24 they needs to be an average of nearly 78.5 lakhs jobs created annually. Until 2030 in non farm sector to engage the rising work force. The codes of wages repeals 4 laws(1) The payment of wages act 1936(2) the minimum wages act 1948 (3) payment and bonus act 1965 (4) equal remuneration act 1976, industrial relation come trade union act 1926,industrial employment act 1946,industrial di...

Monetary Policy: backbone of monetary stability

In February 2015 RBI and government of India signed the monetary policy framework agreement in would be a legal responsibility of RBI to manage both inflation and growth under a characteristics known as flexible inflation targeting. example 4 plus(+) minus(-) 2 where plus minus mean standard deviation. 4plus minus was introduced because in the past 100 years only those emerging economies enter in to group of developed economy which have manage their inflation in the band of management 2 to 6 percent.  Earlier in the RBI Governor or monetary policy creator were not legally responsible for any breach of inflation targeting alter 2015 governor and monetary policy committee towards a parliamentary law to manage inflation with in the bond. Structure of monetary policy committee-6 member body RBI Governor is the chairman M.P.C, deputy governor is in charge of monetary policy. One member nominated by RBI board and 3 member are going to be nominated by G.O.I , RBI legal responsibility- to ...

RBI Masterstrokes:try to stable indian rupee

 Present time Indian currency , the rupee has been under pressure. It was falling continue against the US dollar, creating concern in the market. RBI try to control this situation, the RBI introduced new rule. Putting a cap on how much foreign currency bank can hold. Lets understand simple way-rupee falling main cause India import more oil, natural gas and other goods and need more dollar. Foreign investors taking  money out of India and US dollar continue goes up or hike and Indian rupee goes down. RBI new rule- others bank can not hold too many dollars beyond a fixed limit( if others near 400 dollar then now only put 100 dollars). If bank sell more dollar then in the market supply chain increase and rupee maintain your stability against dollar. Generally RBI wants to reduce risky trading. But others bank feel till some time struggle example bank may face losses, some trading move outside India but RBI new rule will improve market confidence and rupee recovery. RBI used a sma...

Global Shipping challenges and IMO Role

 The IMO(International marine organization) is a specialized agency of the United Nations. IMO established in 1948 and  came to enforce in 1958 . In IMO total 170+countries member and headquarter in London. IMO main objective maritime safety , prevention of maritime pollution and global shipping. Recent some time happening many incidents in ocean i.e sinking of a ship can cause gas leakage and chemical pollution in sea. IMO make global trade smooth and safer, creates uniform shipping laws. Some important convention help i.e SOLAS-safety of life at sea, MARPOL- marine pollution convention. Mostly 90 percent of trade pass sea routes. IMO pramotes cooperation among countries. Prasent time IMO facing three types crises (1) illegal shipping network (2) instability in global shipping (3) green shipping, these problems are shaping the future. Global trade prasent time insurance companies face lot of problem, war risk zones, piracy threat, environment liability risk because same route...

Feeling first after marriage

 Marriage as an institution emerged during neolithic period. When humans shifted hunter- gatherer society to settled agriculture. We all know  that each and everything according to time change. Changing pattern not suddenly but slowly. Early societies was not based romantic love but economically survival and social order.  Marriage firstly famous monogamy means one spouse at a time. This marriage adopted universally provide social and legal stability. Then time change and popularity gain polygyny means one husband multiple wife example's Raja Dashrath. Male dominant and high male mortality in war, agriculture labor. Then time change and society converted to polyandry means one women married multiple husband or men. Main cause division of land, harsh environment and lack of women example's Draupadi in Mahabharat, then time change and popularity gain group marriages multiple men and women form a marital status, main cause primitive societies and right for men and women equa...