Micro Units Development and Refinance Agency Ltd. (MUDRA): The MUDRA Yojna

Refer the article by Arun Jaitely (Finance Minister, India) on below link


The detail of the text from Arun Jaitley’s Page is also given below –

The Mudra Yojna

Earlier this year the Prime Minister had launched the Micro Units Development and Refinance Agency Ltd. (MUDRA) to fund the unfunded section of the society. There are 5.7 crores entrepreneurs in the unorganised sector who are responsible for creating 11 crore jobs. There are estimated 24 crore families in India. Thus at the bottom of the economic structure were these unfunded sections of the society. They were dependent upon money lenders for loan on an exploitative rate of interest (24% to 36%). India’s industrial, service and agricultural sector are still not strong enough to absorb them in the employment.
Mundra Yojna has now been launched. There are 120 partners which includes public sector banks, private sector commercial banks, regional rural banks, NBFCs and MFIs. In the current financial year 2015-16; a total amount of Rs.1.22 lakh crores will be given to these unfunded sections of the Indian society. The three categories of loans are; Shishu – upto Rs. 50,000/-; Kishore – Rs. 5,00,000/- and Tarun – Rs. 10,00 000/-. This Yojna will continue for the next few years. The targeted beneficiaries are six crore people who need to be developed into India’s small entrepreneurs. They will all be issued Debit Cards, which will allow them withdrawal of money through ATMs. These people cannot afford securities and hence the requirement of furnishing securities will not applicable for loans to them. These loans will not be given on the strength of personal and political connections but linked to the business proposals of these potential entrepreneurs. At a function in rural Delhi I launched a campaign on the 25th September, 2015 in support of the Mudra Yojna. This was organised by the Punjab National Bank. Vegetable vendors, small shop-keepers, women associated with Beauty Parlours & Boutiques, Mechanics, Electricians, and Plumbers etc. were among the beneficiaries.
Already Rs. 24,000 crores of loans have been distributed. There are 37 lakh beneficiaries as of today. I anticipate that this year the number of beneficiaries crossing 1.5 crores. This number will increase year after year. Past experience has indicated that the recovery rate for such micro finance and similar loans is exceedingly high and the defaulter are few. India may not be able to provide employment to all but our economy will strong enough to provide resources to the weakest to enable them to be self-employed and self-dependent. The model of the present Government is not to give “Buksheesh” but to enable people to make them economically self-sufficient and live a life of dignity. MUDRA scheme will be a game changer over the next few years.

Term First-strike & Second-strike: In Nuclear Warfare


In nuclear war strategy it is obvious that one party will start the nuclear war first. The country who strikes first through nuclear weapon is said to have adopted the First-strike approach. In this approach the country that start the nuclear war tries to defeat another nuclear power capable country by making a big and huge attack, so that the other country do not get the chance to retaliate back with its nuclear arsenal attack. The attacking country tries to target the major locations of nuclear capabilities of other country so that they are destroyed and in turn made the other country incapable to retaliate back.

Second-strike is the counter attack ability of a country to retaliate back with equally powerful nuclear attack on the country that attacked its sovereignty with very heavy answer through its nuclear weapons attack on the attacking country. To be ready for this type of attack any nuclear capable country has to adopt a very calculative and powerful strategy. This strategy is considered more capable as the country that is already attacked by nuclear weapon gives more lethal answer back.  With this strategy in place the attacked country ensures that the attacker does not win the nuclear war. It always makes any country more respected if it has Second-strike capability in place for such attacks.

Vizhinjam – Natural Port of India & Its Importance


Vizhinjam is a natural port of India. It is located in Kerala. It is very close to international shipping routes in Thiruvananthapuram. It is a deep-water shipping hub getting developed for multi-purpose utilization. The total cost of developing this port project is expected to be around Rs 6000-6500 crores. It is proposed to be developed for passenger ships, vessels and various other cargo. As per decision of Kerala government this project is given to Adani Ports and SEZ.

Few of the important advantages of Vizhinjam port are –

• Vizhinjam is an all-weather port on Malacca shipping route which is estimated to carry around a third of the world shipping traffic.
• Vizhinjam provides a base between the east and west coast routes of operations in India.
• It has a natural depth of around 20-24 m at just one Nautical Mile from the sea-coast. Due to advantage of its depth it can accommodate very large vessels to its ports.
• It requires less maintenance cost during the period of operations as there are very less climatic drifts there
• Indian exporters will be less dependent on foreign ports for shipment of cargo.

Ease of Doing Business 2015 – World Bank Group Report (India Prospective – South Asia)

Ecnomic Ranking - World Bank (South Asia)

As per the published ranking by World Bank Group on doing business based on measuring business regulation, India has scored 142 rank out of 189 world economies. With that the Economy of India is the seventh-largest in the world by nominal GDP and the third-largest by purchasing power parity (PPP) it is very poor.

In South Asia 8 economies (Sri Lanka, Nepal, Maldives, Bhutan, Pakistan, India, Bangladesh and Afghanistan) India stands just above Bangladesh and Afghanistan.

  • Overall rank in economy in South Asia – 6th (out of 8 economies)
  • Starting a Business rank – 8th (out of 8 economies)
  • Dealing with Construction Permits – 7th (out of 8 economies)
  • Getting Electricity – 5th (out of 8 economies)
  • Registering Property – 4th (out of 8 economies)
  • Getting Credit – 1st (out of 8 economies)
  • Protecting Minority Investors – 1st (out of 8 economies)
  • Paying Taxes – 6th (out of 8 economies)
  • Trading Across Borders – 3rd (out of 8 economies)
  • Enforcing Contracts – 7th (out of 8 economies)
  • Resolving Insolvency – 5th (out of 8 economies)

Political Parties of India (Official Data -Election Commission Of India)

India has multi political party system for choosing the government through elections. As per the list published by Election Commission of India (Dated: 13-Jan-2015) (eci.nic.in) under three categories – National Parties, State Parties and registered-unrecognized political parties.

National Parties (in alphabetical order) –

  1. Bahujan Samaj Party
  2. Bharatiya Janata Party
  3. Communist Party of India
  4. Communist Party of India (Marxist)
  5. Indian National Congress
  6. Nationalist Congress Party

State Parties (according to states in alphabetical order) –

Continue reading “Political Parties of India (Official Data -Election Commission Of India)”

Rural Economic Indicators under the Narendra Modi led NDA Government


Visit the site to read my full article.

One Rank One Pension – For Armed Force Personal (India)

Let’s understand the history of One Rank One Pension (OROP).  OROP means same pension to be given to all, who were on the same rank while in service and for the same duration of service. This duration is irrespective of the date of retirement. This was the basis for calculating the pension and benefits of Indian Armed Forces personals till the year 1973.

In 1973, the Indian National Congress government headed by Indira Gandhi, Prime minister, and Jagjivan Ram was Defense Minister, following the Third Central Pay Commission, considering it as one-sided decision terminated OROP. Since then this has been the topic of debate and was not solved.

To re-analyze the things an all-party parliamentary panel under Bhagat Singh Koshyari (BJP Member of Parliament), Chairman Committee on Petitions, was formed in 2011, which is referred to as Koshiyari Committee The committee examined the prospects and issues and grant of OROP and submitted its report on 19-Dec- 2011. The report unanimously found merit in OROP and strongly recommended that, it should be implemented for the defense forces across the board at the earliest and added that further that for future – various pay and allowances, pension etc. for the defense people and families should be identified by a separate focused committee or commission, so that specific terms are properly analyzed and taken into consideration.

After nearly four years of this report on 05-Sep-2015, defense minister Manohar Parrikar has announced that government has accepted the idea of OROP and will be implementing it.

The estimates of expenditure on account of OROP have undergone many revisions: according to early estimates OROP was expected to cost 3000 crores, which has been revised several times and questioned on its correctness. The current estimate calculates it between 8,000-9,000 crores. As per the finance ministry estimates for implementation of OROP according to proposed norms by Koshiyari reports definition, was about 12000 crores, i.e. approximately 4000 crores more than estimated before.

Key highlights of 05-Sep-2015 announcement by defense minister Manohar Parrikar are –

  1. The effective date for One Rank One Pension Scheme will be 01-July- 2014.
  2. All the defense people who voluntarily retired will not be covered under the OROP scheme.
  3. The new pension structure is also applicable for prematurely retired personnel’s.
  4. Arrears will be paid in half-yearly installments in four parts, but armed force personals widows (including war widows) will be paid arrears in single installment.
  5. The pension would be revised, revisited and re-fixed every five years.
  6. The estimated cost of OROP implementation would be about Rs 8,000 to Rs 10,000 crore. Additional expenditure on arrears would be about Rs 10,000 to Rs 12,000 crore.

Even after this announcement the retired armed force personal are not satisfied and the agitation is continuing and we will have to wait for some more time to see the last implementation conclusions which makes a win-win situation for government and armed personals.

Good Blog Bad Blog

There are many definitions of blogs. You can search them on any Web Search Engine and will get plenty. Maximum of them are so different and contradicts each other sometimes. This is because of the fact that blog is not a word which will have single meaning. Blog is an expression used to convey something that someone thinks.

According to me blogs should not be treated and knowledge gaining means. If you are trying to gain knowledge better visit some books store. Blogs are means to express feelings and sharing thought and are not to make you intelligent and smart. By reading ones views you will come to know something. It is up to you to store it in your brain or let it go.

Few people who want to become writers, authors starts their blogs to teach others, which is fine but because of these blogs others have started thinking that blogs are for gaining knowledge. There is nothing like good blog or a bad blog. It is your taste of reading that makes some body’s blog as good or bad. If you don’t live something ignore it, but that doesn’t means it is bad for others. Few groups of people may like the same blog that you disapprove.

Always select the blog as per your choice. If you are interested in anything particular than blogs related with your interest of particular area will make you feel good. For lovers of nature the blogs written on nature are good similarly blogs written on travel will be interesting for people who love to travel. But if you are neither lover of nature nor a traveler don’t say that the blogs written on them are bad blogs.

To master the art of writing it always takes time. This is the area of improvement that all the bloggers should focus on. How to keep up the right flow of the blog should also be learned with the time. Hence try not to be judgmental about others blog but be critical in judging good blog for you and ignoring others and not calling them bad blogs.