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RBI raises Cash Reserve Ratio, But Home Loan Rates Stay

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The Reserve Bank of India (RBI) has hiked the cash reserve ratio (CRR)- the portion of deposits banks have to keep with the RBI-to squeeze money supply and arrest inflation, which has touched 7.33 percent.

The Reserve Bank of India Governor Y.V. Reddy, in the credit policy announced on Tuesday, raised the cash reserve ratio by 0.25 percent to 8.25 percent, the second hike in 12 days. Read more

Popularity: 41% [?]

Tags: bank customers, cash reserve ratio, crr, icici, interest rates, loan, RBI, reserve bank of india

Gas Pipeline Deal Soon With Iran

Iran, Pakistan and India would soon give final shape to the proposed three-nation gas pipeline, President Mahmoud Ahmadinejad said on Tuesday night.

Talking to the press after talks with Prime Minister Manmohan Singh, he said “We are now looking forward”.

Popularity: 28% [?]

Tags: 16 thousand runs, Ahmadinejad, Gas Pipeline Deal, IAEA, india, Iran, liquid natural gas, unisted state

The Indian People-Ethnic Origin

A number of anthropologists have given a variety of classifications of the Indian people. According to one classification following origins have been noted

1. The Mongoloids
2. Indo-Aryans
3. Dravidians
4. Mongolo-Dravidians
5. Aryo-Dravidians
6. Seytbo-Dravidians
7. Turko-Iranians

However, a detailed and clear analysis of the Indian population is given by Dr. B.S. Guha. According to him there are six main racial groups and from these a few sub-groups got formed which formulate the Indian population. Read more

Popularity: 28% [?]

Tags: Aryans, Indian People, Mediterranean, Mongoloids, Negritos, Proto Australoids, The Alpinoid, The Nordic

An Overview of India-Part III

The major religions of India are Hinduism, Islam and Christianity. Besides, there are the followers of Buddhism, Jainism, Sikhism and Zoroastrianism (Parsis).

Despite the diversities; India has never lost the ideal of unity.

Ramayana and Mahabharata are the epics of India and are read with much devotion even in the distant nooks and corners of the country. That the great epics have helped in fostering the unity of the country since early times to the present day need no emphasis.

They are rightly regarded as the common heritage of all the Indians. Read more

Popularity: 28% [?]

Tags: haridwar, Indian Diversity, kasi, Mahabharata, malayalam, ramayana, rameshwaram, sanskrit, tirupati

An Overview of India Part II-Physical Racial Linguistic Diversity

India has got the extreme diversity of the physical features. Only in India can one find the world’s largest mountains covered with snow throughout the year. The Himalayas or the abode of snow is the source of the mighty rivers like Indus, Ganga and Yamuna.

These perennial rivers irrigate extensive areas in the north to sustain the huge population of the country. At the same time northern India contains arid zones and Thar desert or Rajasthan where nothing grows except a few shrubs.

One can encounter different types of climates like the polar (Arctic), the temperate and the tropical. The climate of Kashmir which is cold even in summer contrasts with that of Kerala’s climate which is hot and humid even in mid-winter. Likewise, there is nothing common climate-wise between the states of the North-East region and Rajasthan. Read more

Popularity: 22% [?]

Tags: Devnagiri, Diversity of Physical Features, ethic groups, himalaya, languages of india, Linguistic Diversity, Racial Diversity

An Overview of India- Part I

India is a vast peninsula with a total land area of about 33 million sq kilometers and population exceeding 800 millions. Its length from north to south is about 3,200 kilometers and breadth from east to west is nearly 3,000 kilometers. Because of its huge size both in area and population India is generally referred to as sub-continent.

India owes its name to the mighty river Sindhu (the Indus, which is now in Pakistan). The huge river which carries an annual inflow twice that of the Nile and thrice the combined inflow of Tigris and Euphrates was the most imposing feature of north-western part of the Indian sub-continent. Read more

Popularity: 25% [?]

Tags: Bharata, china, France, fundamental of india, greek, hindustan, population size of india, Russia, sindhu, uk, unity of india

Prime Minister Rozgar Yojana

The scheme was launched on 2 October 1993 and initially was in operation in urban areas. From 1 April 1994 onwards the scheme is being implemented throughout the country. The objective of the scheme is to provide self-employment opportunities to educated unemployed youth in the age group of 18 to 35 years.

In North-Eastern states the eligible age group is from 18-40. There is a 10 year relaxation for SC/ST, ex-servicemen/ physically handicapped and women, in the upper age limit.

To be eligible for assistance under the scheme the family income of the beneficiaries shall not exceed Rs. 40000 per annum and income of parents of the beneficiaries also shall not exceed Rs. 40000. Read more

Popularity: 35% [?]

Tags: bank, employment, loan, partnership firm, Prime Minister Rozgar Yojana, schedule cast, schedule tribes

Swarn Jayanti Gram Swarozgar And Shahari Rozgar Yojana

Swarn Jayanti Gram Swarozgar Yojna

The union ministry of rural development launched a restructured poverty alleviation programme, Swarnjayanti Gram Swarozgar Yojna (SGSY) with effect from 1 April 1999, which has replaced IRDP and its allied and allied schmes viz., Training of Rural Youth for Self Employment (TRYSEM), Development of Women and Children in Rural Areas (DWCRA), Supply of Improved Toolkits to Rural Artisans (SITRA), Ganga Kalyan Yojna (GKY)and Million Wells Scheme (MWS).

The schemes aims at establishing a large number of micro enterprises in the rural areas of the country. The objective of the Scheme is to bring every assisted family above the poverty line in three years by providing them income generating assets through a mix of bank credit and government subsidy. The monthly income from the activity to be undertaken should not be less than Rs. 2,000 net of repayment to the bank, at least in the third year. Read more

Popularity: 36% [?]

Tags: Ganga Kalyan Yojna, india, SGSY, SJSRY, Swarn Jayanti Gram Swarozgar Yojna, Swarna Jayanti Shahari Rozgar Yojana, Urban Self Employment Programme

Futures Trade In Steel May Be Banned

The government is contemplating ban on futures trading in iron and steel. This will be in addition to a host of tax incentives to bring down the price of steel in the country.

The rise in steel prices had contributed around 25 percent to the recent jump in the wholesale inflation rate, a government official said.

In addition, the government is likely to ban futures trading in almost all major farm goods. Read more

Popularity: 33% [?]

Tags: custom duty, export, future trade, import, indian government, Steel, steel item, steel price, tax

Bilateral Relations Of Indo-France Indo-Denmark And Indo-German

Bilateral Relations of Indo-France

Aid policy with bilateral partners was reviewed. French aid is tied to imports of French goods and services. French commitments are made for specific projects where contracts are awarded to French companies. Local costs are not financed under French aid.

The policy announcement of 20 September 2004 has included France (by virtue of being a G-8 country) in the list of countries from which development assistance would be acceptable to India.

However, while India welcomes development assistance from France, it would still not receive tied aid. It has been clarified to France that it may not be possible for India to accept tied aid; even if it is bundled in a package with an united component. Read more

Popularity: 36% [?]

Tags: bilateral relationship, Denmark, euro, financial cooperation, German, india, indo, technical cooperation

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