The World Peace Day-1st Jan World Peace Day is observed by the Catholic Church throughout the world on 1st January, every year. It can be said that it is the beginning of the New Year. It is just a coincidence that it falls exactly a week after Christmas during which the main message is “Glory to God is the Highest and Peace and Goodwill towards all the people on the earth...

New Year’s Day – 1st Jan New Year’s Day is celebrated on Ist January throughout the world. The month of January is named after the ancient Roman God Janus. Celebration of the New Year’s Day is one of the oldest customs of mankind. It is believed that it was the Romans, who first started it. Some people say the Chinese were the first to start and still others claim that it...

Five Year Plans Ever since India got its independence, we are working on our economy L as per the Five Year Plans. This system of framing Five Year Plans was a good arrangement devised, by which the growth in different spheres could be suggested monitored while functioning and changed if the necessity arose. These mega plans have served us as building blocks of our national economy. A brief overview of these...

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...