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IL&FS Crisis explained
IL&FS is a PSU formed under RBI registered Core Investment Company i.e. an NBFC. It was formed to finance the major infrastructure projects in India. Initially, the Central Bank of India, UTI and HDFC held majority shares in the company. As the number of projects increased and the need for funds increased, the company acquired foreign investment as…
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Difficulty
“In the turbulent waters, the ship creaked and bent yet as the tide turned, sailed stronger than before, cutting through thick ice like it was mere paper” -Abhi
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NITI Aayog in three pagaraphs
The Concept of NITI Under the directive of PM NITI(National Institute for Transforming India) plays numerous roles primary being to advise the government on social and economic issues, give various policy measures related to issues that have arisen or may arise in future in a Globalized world.In essence, it is a ground-up policy framing advisoryThink-Tank which…
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An inspiring poem
INVICTUS -by William Ernest Henley. During his imprisonment at one of the harshest prisons in South Africa, the late President Nelson Mandela used to read this poem. He says this is what kept him going during the innumerable years of hardship. Out of the night, that covers me, Black as the pit from pole to…
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Decentralisation and Indian villages
When one thinks village the person sees a stereotype of the films. From the classical jamindar to “desh-ki-dharti” and many variations in between. It is only recent media exposure and real-time visits that can portray the harsh truth. According to Census of India, any human settlement will be called village if for minimum 75% of…