Role of Banks in Boosting Indian Economy   Fourteen major banks were nationalised in 1969, and some more were nationalised a few year later. Since then banks have to come to play a major role in the socio-economic life of the country. They are no longer merely instruments for credit mobilisation and money-lending. They are no longer merely institutions for earning maximum profits for the benefits of a few individuals. They...

Planning Commission   Planning Commission was constituted by a cabinet resolution in 1950. Hence it is extra-constitutional authority. The functions of planning commission are varied. It makes an assessment of the material, capital and human resources of the country including technical personnel. It investigates the possibilities of augmenting such of these resources which are found to be deficient in relation to the nation’s requirements. It formulates a plan for the most...

Budget The term ‘budget’ was derived from an old English word Bougett which means a pouch or sack. In fact, it was a leather bag from which the British Chancellor of Exchequer (incharge of finance) took out his papers (which contained government financial programme for the coming year) to present to the Parliament. But now it came to mean the paper themselves and not the bag or briefcase which contained these...

Laxmi Niwas Mittal : Biggest Steel Maker of the World   Laxmi Niwas Mittal, the largest steel producer of the world was born in Sadalpur Rajasthan in 1950. His father is Mohan Lal Mittal. He got his early education in native school and later on he went to England for persuing higher studies. Since his childhood, Laxmi Mittal has been an avowed flier and traveller. Even in the present he travels...

Ashfaqullah Khan   (1900-1927)   Ashfaqullah Khan, a great freedom fighter, was born in Shahjahanpur, Uttar Pradesh in 1900. He was the son of Shafiqullah Khan. He was great revolutionary and martyr who sacrificed for the independence of the country. His name is written in golden letters in the history of India. Ashfaqullah was the member of the revolutionary group whose leader was Ramparsad Bismil. He was best friend of Ramprasad...

Dr. Manmohan Singh Essay No. 01 Manmohan Singh, our 14th Prime Minister is a man of extreme simplicity and integrity. He was born on Sept. 26, 1932, at Gah in  West Punjab (now in Pakistan). He completed his M.A. D. Phil from Oxford University and D. Litt from Honoris Causa University. Because of his brilliant career, he was appointed as a senior lecturer in Economics at Panjab. University, Chandigarh when he...

Sania Mirza – Tennis Prodigy   Sania Mirza is 18 year old girl with a good attitude, ambition and magic forehand for playing tennis. She is the bright teenager who generates electricity on tennis courts. She is the first Indian since Ramesh Krishnan to break into the top 50. She is the new player whose go-for-brake game has veterans in awe and opponents in shock. She is the tennis prodigy who...

Sonia Gandhi : An Idol of Renunciation   Sonia Gandhi was born on 9 December 1946 in Italin City Barsano. She has two sisters who now live in Barsano. Sonia Gandhi belongs to a roman catholic family. In 1964 she took admission in Cambridge School of Language where she met Rajiv Gandhi. In 1968 she married Rajiv Gandhi. After Rajiv’s death she became the member of CPP in 1997. She became...