The way it should be

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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Economy of India

Posted by VASUDEVA REDDY on Wednesday, November 24, 2010 In : facts of india 

Indus valley civilization, which flourished between 2800 BC and 1800 BC, had an advanced and flourishing economic system. The Indus valley people practiced agriculture, domesticated animals, made tools and weapons from copper, bronze and tin and even traded with some Middle East countries.

Agriculture was the main economic activity of the people in the Vedic age but with the second urbanization a number of urban centers grew in North India. This gave a major fillip to trade and commerce. Th...


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First steps of Bhagat singh into freedom movement

Posted by VASUDEVA REDDY on Wednesday, November 24, 2010 In : modern facts 

In the year 1919, one of the tragic incidents in the worlds history happened that is “JALLIANWALA BAGH” tragedy. Bhagat singh was 12 years old at that time. He was very much disturbed by that incident. At the age of 13,  he decided to go with the freedom movement. He asked permission of his father Kishan singh, his father allowed him to take part in the freedom movement. First he fought against the foreign cloths and encouraged to use the khadi cloths, which was initiated by MK Gandhi.

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Did NEHRU rejected the permanent security council seat in UNO?

Posted by VASUDEVA REDDY on Tuesday, November 23, 2010 In : modern facts 

 

Very few people know that in 1955 the then US President Dwight David Eisenhower was caught in an unenviable situation of choosing between the People’s Republic of China under the Communist regime led by Mao Tse Tung and the then Formosa or the present Republic of China for a permanent seat at the UNSC. While Communist revolution was new and was beginning to find a firm footing in the Chinese mainland or the present People’s Republic of China, Washington’s blue-eyed boy Seng Kai Sek w...


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