The way it should be

Browsing Archive: January, 2011

NATIONALIZATION OF BANKS IN INDIA.

Posted by VASUDEVA REDDY on Sunday, January 2, 2011,

Need of banks nationalization:

                The developmental goals of financial intermediation were not being achieved other than for some favoured large industries and established business houses. Whereas industry’s share in credit disbursed by commercial banks almost doubled between 1951 and 1968, from 34 per cent to 68 per cent, agriculture received less than 2 per cent of total credit. Other key areas such credit to exports and small-scale industries were also neglected. The stated...


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EMERGING INDIA TO EMERGED INDIA

Posted by VINOTHKUMAR K on Sunday, January 2, 2011,

 
 Last year 
India achieved a rare feet of hosting all P-5 nations (Permanent members of security council of UN) in a single year. These visits marked the growing economic power and the importance of this great nation. Being the second fastest growing economy of the world, it is no more a big surprise. For a long time, India has been seen as a strategic partner to challenge the unprecedented growth of autocratic China, now the economic growth added additional weightage to our country. When the...

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Harshad Mehta stock market scandal

Posted by VASUDEVA REDDY on Sunday, January 2, 2011, In : modern facts 

Before going to know what exactly the scandal is first one need to understand the government policies and economic situations at that time. That was the period of liberalization, the economists and the politicians were fighting on the liberalization issue. In the early 1990’s every bank in India had to maintain particular amount of their deposits in government bonds.  This ratio was called statutory liquid ratio (SLR). It can be calculated as total demand/total liability x100. The objective...


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Economic liberalization in India

Posted by VASUDEVA REDDY on Saturday, January 1, 2011, In : facts of india 

Every one thinks that the economic liberalization in India started in 1991. but it is partially. the roots of liberalization lies in the early years of 80's. but india's democratic policies took some time to implement, while the neighboring country China successfully implemented in the early 80's with the autocratic govt. we used to get 3-4% of growth rate before 1980. the scene completely changed after that. the government of India started to loosening the policies in "license permit raj" by...


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