China has overtaken the United States as the world’s largest economy (in PPP terms). It possesses the world's largest foreign exchange reserves and has more than 30 companies in the FT 500 list of the world's largest companies. 'The Chinese Rise' and 'The Chinese Century' are phrases commonly … [Read more...] about Is China buying the world? Review of Global Banking Scenario
Current Affairs Notes
India’s Reusable Launch Vehicle (RLV): Everything you need to know
India successfully tested the launched of indigenously made Reusable Launch Vehicle (RLV), capable of launching satellites into orbit around earth and then re-enter the atmosphere, from Sriharikota in Andhra Pradesh. RLV is dubbed as India’s own space shuttle. (The 'Space Shuttle' was a partially … [Read more...] about India’s Reusable Launch Vehicle (RLV): Everything you need to know
Insolvency and Bankruptcy Code: Why do we need it now?
India did not have a single bankruptcy code. What we had were age-old laws which are in conflict with each other. Lack of an insolvency and bankruptcy code had proved costly for the creditors (mainly banks) in many cases like the recent Kingfisher Airlines case. The Insolvency and Bankruptcy Code … [Read more...] about Insolvency and Bankruptcy Code: Why do we need it now?
The Black Money Saga In India: A Short Analysis
We hear news about Black Money in Indian economy very often these days. But what exactly is Black money? What makes money black or white? This short analysis is a humble attempt to cover essentials one should know about the black money issue in India. Definition of Black Money: It is to be noted … [Read more...] about The Black Money Saga In India: A Short Analysis
Sutlej-Yamuna Link Canal Controversy: What Should You Know?
Sutlej-Yamuna Link Canal (SYL Canal) is a 214 km water way proposed to connect the Sutlej River in Punjab to Yamuna canal in Haryana. However there are lot of controversies in news about the project. This post analyses in detail, the issues connected with Sutlej-Yamuna Link Canal, stand taken by the … [Read more...] about Sutlej-Yamuna Link Canal Controversy: What Should You Know?
Panama Papers: Case of Tax Evasion by the Rich?
The Panama Papers are documents which were leaked from Mossack Fonseca, a Panama-based law firm offering legal and trust services. It is alleged that many of these documents show how wealthy individuals - including public officials - hide their money from public scrutiny. Panama Papers: What is … [Read more...] about Panama Papers: Case of Tax Evasion by the Rich?
Major Programs Under Central Assistance to States Plan: 2016-17
This post is dedicated entirely to list the major programs under the Central Assistance for States and UT plans as per Budget 2016-17. Update: To learn the Centrally Sponsored Schemes and Central Sector Schemes as mentioned in the Union Budget 2018, refer this post. It should be noted that … [Read more...] about Major Programs Under Central Assistance to States Plan: 2016-17
Major Programs Under Central Plan 2016-17
Central Plan is a sub-component of Plan expenditure, the other being Central Assistance to states. Programs under Central Plan are known as Central sector schemes. Update: To learn the Centrally Sponsored Schemes and Central Sector Schemes as mentioned in the Union Budget 2018, refer this … [Read more...] about Major Programs Under Central Plan 2016-17
Union Budget of India 2016-17: Highlights and Analysis
Every year, ClearIAS used to publish a short analysis of Indian Budget and Economic Survey. Our post, covering the highlights of Indian Budget 2016-17, is ready. We plan to release the highlights of Central Plan 2016, Central Assistance 2016, Economic survey 2015 etc in coming posts. It has to … [Read more...] about Union Budget of India 2016-17: Highlights and Analysis
Pradhan Mantri Fasal Bima Yojana: The New Crop Insurance Scheme
Pradhan Mantri Fasal Bima Yojana (PMFBY) is the new crop insurance scheme launched by Central Government. PMFBY will replace the existing two schemes National Agricultural Insurance Scheme as well as Modified NAIS which have had some inherent drawbacks. Pradhan Mantri Fasal Bima Yojana which will … [Read more...] about Pradhan Mantri Fasal Bima Yojana: The New Crop Insurance Scheme
