Friday, August 9, 2013

The Sepoy Mutiny

Hailing from the town of Lucknow in Uttar Pradesh makes me a bit nostalgic about this place when it comes to reading about it's historical importance during the first struggle for Indian Independence which has been called by some as Sepoy mutiny. When I was a child my parents took me to this place Residency. The first impression which you get while watching this place will be like why you are even visiting this place(may vary according to different perception). This place is like ruins of some ancient architecture. During that time not being an inquisitive one i only got to know things like this was a place where Britishers used to hang the traitors or rebels. Also that the place has some underground pathway connecting to the capital city of delhi.
Things which as a child would create a sense of fear in your mind and a unique mystery about that place which children generally like.
                                          But now when I go through what happened at this place makes me feel like how much ignorant kids can be. Actually this place was built in 1800 A.D by the then Nawab of Oudh , Nawab Saadat Ali Khan as a residence for the British Resident General.
                                         The incident which is responsible for it's cannon hit walls was the First War of Indian Independence or the Sepoy Mutiny which actually started due to some incident of greased cartridges being one of the urgent causes. As Oudh was annexed under the Doctrine Of Lapse it's Nawab Wajid Ali Shah was sent to exile to calcutta. After this Nawab's first wife Begum Hazrat Mehal took charge of the affairs of the state and made her son Birjis Qadra as the Nawab Of Lucknow. But he was soon forced to abandon it.  Henry Lawrence, the British Resident took refuge alonwith some europens and loyal sepoys in the residency.

Elementary Education in India

The biggest challenge facing this vast country with people belonging to diverse background in terms of culture, language,religion,caste is to educate it's people to make this nation a knowledge based economy.

Education comes under the state list subject but it was a historic moment when through the Constitutional Amendment Bill(86th Constitutional Amendment Bill),2002 Right to Education was added to our constitution under Article 21-A. (First ever Fundamental Right being added to the constitution after Independence)

Supreme Court had already in some verdicts clearly mentioned that  Right To Education was implicit in  Right To Life under article 21. Right to Life i.e to live a life with dignity will only be possible with a Right to Education. Also the articles 41,45,46 in Part IV of the constitution under directive principles of state policy clearly have given directions that it should be the responsibility of the state to provide employment health and education facilities for the welfare of the people in addition to providing education to the weaker sections of the society without any discrimination.

Keeping all these things in mind a legal enforceability was given to Right to Education as Right Of Children to Free and Compulsory Education Act ,2009. This act was passed by the Central Government to make education free and compulsory for all children between the age group of 6-14 years.




Tuesday, July 30, 2013

The falling rupee

1: Lending rates not cut to bring stability to the already existing volatile market.
2: Liquidity cannot be increased now for similar reasons.(Increase in liquidity required rates to be cut)
3: Since liquidity is not increased it will certainly lead to negative growth hence leading to inflation.
4: Hence inflation needs to be checked.
5: Measures to stop imports and increase exports should be taken.
6: For growth rates should have been cut to increase investment sentiments.
7: CAD is also going to affect the economy if proper measures not taken now itself.

Monday, July 29, 2013

National Food Security Bill

This historic bill which will entitle 67 % population of our country to subsidised food grains to check malnutrition and hunger issues for a certain segment of society like the old,children, lactating and pregnant mothers. It is very much debatable that in times when the current economic scenario of our country seems to be very weak with growth pegged at 5% and a huge current account deficit . The government should not have come up with this kind of populist measure which many people are considering it to be seeing the forthcoming Lok Sabha elections. The things that should be seen here clearly in the bill is that it is going to make right to food a legal duty enforceable by the courts which in itself is historic as it would be first of it's kind legislation.
                                       As mentioned in the constitution of India in the form of Directive Principles Of State Policy that it should be the responsibility of the state to look after the social , political and economic needs of the weaker sections of the society and provide measures to look after their welfare. This bill seems to be in sync to the mindset of the constitution makers but since these directives could not be implemented since independence due to lack of finances it is the duty of the governments to put these principles in consideration while formulating laws.
                                         Though the bill is aiming at achieving the social directives mentioned in the constitution as being a developing nation it's duty is to be a welfare state. It should keep in mind the other scenarios also that might ruin the india growth story as with already a demand for subsidy cut in all spheres to cut down on the current account deficit.
                                         It should have proper grievance and redressal mechanisms put in place to check leakages so that the people for which the provisions are being laid down are benefitting from it. PDS of all the states should ensure that delivery is of proper quality. Once this thing is taken care of properly it will ultimately lead to healthier children which in turn will lead to a healthy india and propel growth in long terms.

                                      

Wednesday, April 10, 2013

Sangharsh

Lehron ki uchaiyon ke uspaar dekh pate

Unki ufaan ko mehsoos jo tum kar pate

To shayad tum sangharsh ko mehsoos kar pate

Un toot ti bediyon ki siskiyon ko sun pate

Samay ke jatilta ko jo tum samajh paate

To shayad tum sangharsh ko mehsoos kar pate


Dhalte sooraj ki garmi jo tum seh paate

Raat ke sannate ko jo tum sun pate

To shayad tum sangharsh ko mehsoos kar pate

Dharti ki kampan jo tum mehsoos kar pate

Prakriti ki vividhta ko jo tum dekh paate

To shayad tum sangharsh ko mehsoos kar pate

Udaan

Aazadiyan jinki hai talaash
Milne ko hai jinse dil aatur 

Saaye ki hi shakal mein hain
Mil paana hai mushkil jinse

Rukna hai jisne seekha
Waqt ko jeetna usne seekha

Aazadiyan usi ki hain
Jisne barbadiyon ka
Jashn manana seekha







Thursday, April 4, 2013

Banking Regulation Act 2012

Key Points:

RBI given powers to have control over board of directors.
RBI can issue more licenses to banks.
It can ask for security deposit if someone buys 5% shares of a bank.
It can look into mutual funds and internal books of banks.
Mergers and acquisitions should be done only on the approval of RBI.
The money from unclaimed accounts should be transferred to an depositor education and awareness fund.
More voting rights for investors.
Stamp duty exemption.
More investment required by public sector banks.