Economic Liberalization Let us first consider what really does this word of economic liberalization mean. This means in very simple terms, a free market economy. The idea of liberalization endorses is to eliminate an inefficient and non-productive system. It was during the early eighties that, the need for boosting up Indian economy was first felt. Even though the performance in all sectors, industrial and agricultural was quite satisfactory, it was being...

The Ogre of Corruption In the last two decades of the existence of independence, India has seen a steep upward trend in the graph of existing corruption. The media, the public, the variety of forums for discussions and debates for the higher intelligentsia are all neck-deep buried in highlighting the rampant corruption in every sphere. In this debate, the rural folk are also not far behind These days they are also...

Public Finance of India Let us first understand what is meant by Public Finance. Public Finance of a country, as is obvious by the name, is the money collection of a country’s Government by way of taxes. The sources of revenue of the States and the Centre are called the public finance of a country, and this is because this amount of money is the money earned by the public and...

Nuclear Non-Proliferation What is really meant by Nuclear Non-Proliferation? In a simple explanation, those countries who have accepted the Non-Proliferation Treaty, have accepted the right of a few powers to have and develop their nuclear weapons. On the other hand, the nations that have the view that nuclear weapons contribute to the defense of the last resort, believe in the norm of nuclear proliferation. In reality, the majority of the nations...

Indian Economy – Today The horizon of the Indian Economy is presently very bleak and dark, and so has it been for the last fifty years. The slow and sluggish Indian Economy can be attributed to a number of factors that have prevailed in India ever since we got our independence. The factors are many, and they are, recession on the home front, recession in all commercial and industrial playgrounds, and...

Inflation in India Inflation as an economic phenomenon may be described as the continuous upward spiral of prices in all parts of the economy. This can be described as a boost to the economy, but, if it is not properly handled we may be burdened with rising prices which may prove detrimental to economic growth. The economic situation in a country can be analyzed under the following heads of production and...

Kashmir – An Indo-Pak Irritant The Kashmir problem has been a continuous eyesore for India ever since the days of India’s independence. It is worthwhile for us to understand why and how it became a problem for India and Pakistan. In reality, the problem of Kashmir was created at the very onset of Independence when this State was the only one to be given a special status. All the other princely...

India’s Nuclear Policy India has an age-old tradition of being a peace-loving country and this has been depicted in all its activities and attitudes through the ages. But, with the growth of Science and Technology, the world has gone far ahead in using its knowledge of Science as an instrument of destruction. The movement of the world in its knowledge of Science has been thought-provoking for the Indians also, and they...