Gold Monetization Schemes and Benefits

The Government of India has launched Gold Monetization Schemes to liquidate the reserves of gold lying idle in Indian homes, so that its import bills could come down significantly. Facts: India is one of the largest consumers of gold in the world importing nearly 1,000 tons of yellow metal every year According to conservative estimates,… Read More »

UDAY: Ujjaval Discom Assurance Yojana

The Union Government has recently launched UDAY: Ujjaval Discom Approval Yojana, to reform the ailing Indian power sector. India’s power sector is facing many problems State discoms are in severe debts, amounting to more than 2% of the GDP. They are one of the major reasons for rising bank NPAs. Their operational losses are being… Read More »

Pradhan Mantri Jan Dhan Yojana (PMJDY)

The Pradhan Mantri Jan Dhan Yojana (PMJDY) has been launched today by the NDA government by Prime Minister Narendra Modi in the national capital. The Pradhan Mantri Jan Dhan Yojana or financial inclusion plan was the brain child of the previous UPA government which has been nurtured, rejuvenated and revamped by the incumbent NDA government… Read More »

Paris Attacks and Russian Plane Crash: Would it lead to an end of Russian Isolation?

Paris witnessed the worst terror attacks (Paris Attacks 13/11) after the World War killing 129 people and injuring nearly 350. The attacks consisted of mass shootings, suicide bombings as well as hostage takings. 3 suicide bombs went off outside the Stade de France, where a friendly football match was being played between Germany and France,… Read More »

Gold Monetization Schemes: Various Constraints

Gold Monetization Schemes: Various Constraints India is the 9th largest economy in the world and 3rd largest in terms of PPP. India is one of the largest importers of gold in the world, which is the 2nd biggest contributor to our import bill after petroleum. According to government estimates, Indian families, investors, temples and other… Read More »

SAARC: A healthy grouping or a dead body?

SAARC: South Asian Association for Regional Cooperation It is a regional economic and geopolitical body of 8 countries of South Asia consisting of India, Pakistan, Nepal, Sri Lanka, Maldives, Bangladesh, Bhutan and Afghanistan. Headquartered in Kathmandu, Nepal, it came into existence on 8 December 1985. This area is one of the most populated and underdeveloped regions… Read More »