Mass Communication in India Radio, T.V., films, newspapers, and periodicals, etc. are the various forms of the mass media and communication. The importance of these can hardly be overemphasized. They play a vital role in dissemination of knowledge and information, formation of public opinion, national integration and removal of superstition. The urgency and importance of multi-channels of mass communication for a country like India, with a population of more than a...

Poverty Eradication It has been observed that India is a rich country inhabited by the poor. This paradoxical statement underlines the fact that India is very rich, both in material and human resources, which have not been properly used and exploited so far. Poverty amidst plenty seems to be the main problem of India. The majority of our population lives in rural areas. But following the rapid growth in the number...

A Vision of the Twenty First Century Like that of most others, my vision of the country in the twenty-first century is also tempered by hopes of betterment in all aspects of living. Considering the progress Indian society has made so far, particularly in the period following Independence, such hopes are reasonable and certainly not unfounded. By believing in the dictum that ‘the future is merely an extension of the present’,...

Taxation Josephine, Emperor Napoleon’s wife, is reputed to have made the famous remark about the certainly of death and taxes. About two hundred years later, even in the age of tax havens and tax-free investment options, taxation is as relevant to society as it has ever been. In the tax havens of the present, though income and investments may not be taxed, the services these havens provide to the public are...

Inflation There may be many people even in the modern world who have never heard of inflation; but certainly not many among them have been able to keep clear of its influence. Economists see it or sense it in government policies and programmes and consider it with dispassionate neutrality. For them, inflation is yet another parameter of their hugely complex ‘situation models’, which they use to study the mechanics of money....

Trade vs Aid Trade, as one of the oldest and most enduring of occupations, plays a very important role in our everyday lives. It is also perhaps the most pervading of human activities, embracing in its fold, the work of an ordinary street vendor, who sells ice-cream or vegetables, and the activities of nations around the world, which exchange their goods and manufactures for the money and merchandise of others. The...

Banking Money — an ingenious creation of man-is helping him ease his dealings with his fellow men; but banking — a relatively newer concept-is revolutionising those dealings. As a practice, banking seems audacious enough even to overturn, in a way, the tenets of natural law, by delivering more than what it accepts, without any obvious effort. Just as wine matures and enriches itself with age, so money, stored in a bank,...

Liberalization of the Economy The term ‘liberalization’ is the buzzword that has been engaging political ideas and debates in India since the early 1990s. Though it has become very common usage, its connotations are, extremely complex, to the extent that they are often confusing and mutually contradictory. Put differently, liberalization means different things to different people. If some consider it a blessing or a welcome development, others think of it as...