Sunday, May 24

Event in Last Decade

Well I know every1 is wondering what to answer in this question. And it is quite tricky. I will give 2-3 events and you can choose anyone.

Whatever event you choose just make sure that you are able to explain a global impact of that event along with a national impact.

Loan Waiver

This would be quite unique if you say this. It was last year when in the budget congress declared loan waiver to farmers across the country.

Lets talk about Vidharbha in Maharashtra which has remain in news for farmers suicide and bad crop.Under the scheme, farmers holding more than 2ha of land are only eligible for a one-time waiver of Rs2,000, or 25% of their outstanding loans, whichever is higher. And this benefit, too, will be available only to those farmers who give an undertaking that they will pay up 75% of their loans by June 2009. Most farmers in Vidarbha are in no position to do this.

What happened is, congress immediately got the confidence back of farmers in the country. And given the fact that more than 60% of the population in our country depends on agriculture, a big vote bank was in favour of congress now. Even Rahul Gandhi after election win admitted that Loan waiver proved to be the pinch they required.

This I consider is a most important reason why congress won this election. And this win will definitely effect the country’s presence on global platform. Like still there would not be any change in policy with Pakistan and no urgency would be shown to get the culprits to India. There would be quotas for muslims in private sector now as said by congress in their manifesto.

It would be good as we will still have a honest Manmohan singh has PM. Congress will not raise ram mandir issue so no hindu-muslim problem there.

National Highway Development Project

The project was implemented in 1998. “National Highways” account for only about 2% of the total length of roads, but carry about 40% of the total traffic across the length and breadth of the country.

It lead to start of development of Golden Quadrilateral connecting four major cities Delhi, Mumbai, Chennai, Kolkata. In total 5846 km. Then there was establishment of North-Southand East-West corridor (7300 km).

Follow the link to know more.

What has this done is given a big boost to Indian infrastructure development. And as you know Infrastructure is most important for economic progress of any country, this project has immensely contributed to increasing FDI as the businesses have been given a boost and thus placing India very high on a global platform.

Other events

Here are some events which are important without any doubt but would be quite common and every 7-8 atleast out of 10 would be saying this. So if you want to say this get a nice way to put your point forward.

     ·         26/11 

     ·         IPL (get the necessary figures in my previous post on IPL)

     ·         India on Moon

  •  Nuclear deal (big boost to power sector. You can get the necessary figures on wikipedia)

     Do write the comments and let me know what do you think about this post.

    3 comments:

    1. Rinkesh, do we need to give the anser in BUSINESS sense?
      means some event related to business that had benefit to indian economy...
      what do u say?
      and how was your gdpi?

      ReplyDelete
    2. I dont think there was any benefit to the Indian economy thru business. we were (are) going thru recession and there was hardly any scope or progress. In fact, if we consider the previous business scenario, more harm was done than good to the economy. So many employees were laid of, given pink slips. Further, due to the cost cutting techniques, the industries dependent on such companies sufered a heavy blow and thus led to the downfall of the economy giving rise to industry shut downs and unemployment.

      ReplyDelete
    3. well answer given in business sense will always be useful...........it is true in all areas like if ur in a GD try and bring a corporate angle to ur discussion it will help.......like for eg. i said LOAN WAIVER...u cn link it to business nd economy by sayin dat now congress being a stable govt due to this scheme FDI inflow in INDIA will be greater as there are no obstructing factors of LEFT PARTY and this is eveident by current arnd 2000 point upsurge in sensex

      ReplyDelete

     

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