Infrastructure Debt Funds

Infrastructure Debt Funds

  • In Sept 2011, RBI issued guidelines for permitting banks and NBFCs to set up IDFs to help meet long term financing for the sector
  • IDFs would be set up either as MFs or NBFCs
  • NBFC sponsoring IDF-MF should have a minimum net owned funds of Rs 300 crore and CAR of 15 percent
  • Besides, its NPAs should be less than 3% of net advances and the NBFCs should have been in existence for at least five years and earning profits for the last three years
  • Banks and NBFCs would be eligible to sponsor IDFs as mutual funds with prior approval of the RBI
  • SEBI has amended the Mutual Funds Regulations to provide regulatory framework for IDF-MFs
  • Banks acting as sponsors to IDF-MFs would be subject to existing prudential limits including limits on investments in financial services companies and limits on capital market exposure

Art, Culture, Literature and Architecture

Harappan art 2500 1800 BC

  • Also known as the bronze age
  • Architecture refers to designing of and construction of buildings where are the sculpture is a three-dimensional work of art
  • In architecture ,various types of materials are used that is a stone , wood, glass, metal  etc .where as sculpture is made of single piece of material.
  • Architecture involves study of engineering And Engineering Mathematics and depends upon measurements, where as sculpture involves creativity and imagination , may not depend on measurements.

Read moreArt, Culture, Literature and Architecture

INDIAN THEATRE

Origins

  • Origins of Indian theatre not very well known
  • Drawings on caves show that dance, music and drama were an intrinsic part of the life of the people
  • Sitabengona and Jogimara (Ramgarh, MP) have structures that are possibly the oldest theatres of the world
  • IVC: a seal shows a person beating drum while other disguised as a tiger
  • A few hymns of the Rig Veda are in the monologue and dialogue form
  • Natyashastra evolved some guidelines for drama

Read moreINDIAN THEATRE

Lucknow Pact (1916)

Nationalists saw that their disunity was affecting their cause

  • Two important developments at the Lucknow Session of Congress
    • The two wings of the Congress were again united
    • The Congress and the Muslim League sank their old differences and put up common political demands before the government.
  • INC and ML passed the same resolutions at their sessions, put forward a joint scheme of political reforms based on separate electorates, and demanded that the British Government should make a declaration that it would confer self-government on India at an early date.
  • The pact accepted the principle of separate electorates
  • Main clauses of the pact
  • There shall be self-government in India.
  • Muslims should be given one-third representation in the central government.
  • There should be separate electorates for all the communities until a community demanded joint electorates.
  • A system of weightage should be adopted.
  • The number of the members of Central Legislative Council should be increased to 150.
  • At the provincial level, four-fifth of the members of the Legislative Councils should be elected and one-fifth should be nominated.
  • The size of provincial legislatures should not be less than 125 in the major provinces and from 50 to 75 in the minor provinces.
  • All members, except those nominated, should be elected directly on the basis of adult franchise.
  • No bill concerning a community should be passed if the bill is opposed by three-fourth of the members of that community in the Legislative Council.
  • The term of the Legislative Council should be five years.
  • Members of Legislative Council should themselves elect their president.
  • Half of the members of Imperial Legislative Council should be Indians.
  • The Indian Council must be abolished.
  • The salaries of the Secretary of State for Indian Affairs should be paid by the British government and not from Indian funds.
  • Of the two Under Secretaries, one should be Indian.
  • The Executive should be separated from the Judiciary.
  • Evaluation
    • As an immediate effect, the unity between the two factions of the congress and between INC and ML aroused great political enthusiasm in the country
    • However, it did not involve Hindu and Muslim masses  and was based on the notion of bringing together the educated Hindus and Muslims as separate political entities without secularization of their political outlook
    • The pact therefore left the way open to the future resurgence of communalism in Indian politics.

IMPORTANT NOTE

SSCMASTERS will come out with more such initiatives to provide a level-playing field to aspirants who do not need or have access to coaching and provide strategic competitive advantage to our followers in every aspect of SSC preparation and to stand true to its endeavour of becoming ‘A One stop Destination for SSC preparation’. Please Subscribe ssc masters for regular update for ssc cgl preparation. Leave you reviews about SSC Masters in the comment box below and suggestions for ssc masters for innovative SSC CGL preparation.

Fundamental Rights

Fundamental Rights

  • Discrimination not on grounds only of
    • Art 15: religion, race, caste, sex, place of birth
    • Art 16: religion, race, caste, sex, descent, place of birth, residence
  • Reservation
    • First Backward Classes Commission: 1953, Kaka Kalelkar
    • Second BCC: 1979, B P Mandal (by Morarji Desai govt)
    • Article 340
  • Reasonable Restrictions
    • Speech and Expression: sovereignty and integrity of India, security of the state, friendly relations with foreign states, public order, decency or morality, contempt of court, defamation and incitement to an offence
    • Assembly: sovereignty and integrity of India and public order
    • Association: sovereignty and integrity of India, public order and morality
    • Movement: interest of general public and the protection of interests of any scheduled tribe
    • Residence: interest of general public and the protection of interests of any scheduled tribe
    • Profession: in the interest of the general public
  • Protection against self-incrimination does not extend to civil proceedings
  • Protection provided under normal detention in Art 22 not covers arrest under the orders of a court, civil arrest, arrest on failure to pay the income tax and deportation of an alien

 

download (8)

Right To Information    

Right to information is a fundamental right of any citizen of India to know what is happening with the government. Every individual has the freedom to seek any government related information through this RTI act 2005. The Right to Information Act (2005) is one of the key legislation enacted by the Parliament which guarantees the right and freedom of every citizen of India to get the information related to our government dealings, both at centre and the states.

 

Right to Information Act 2005 mandates timely response to citizen requests for government information. Right to Information empowers every citizen to seek any information from the Government, inspect any Government documents and seek certified photocopies thereof. Right to Information also empower citizens to official inspect any Government work or to take sample of material used in any work.

Right to Information is a part of fundamental rights under Article 19(1) of the Constitution. Article 19 (1) says that every citizen has freedom of speech and expression.

This act was passed in the Indian Parliament on 15th June 2005 and was brought into force on 12 October 2005.

 

Applicability: This Right to Information act is applicable to all the states and Union territories of India except the state of Jammu and Kashmir which has its own Right to Information act 2009. Every citizen of India has the right to seek information through this act. Only an Individual can use this RTI facility. A group or company cannot request for any information.

 

Covered Govt Offices: The citizen of India has all the right to seek information related to the Indian constitutional authorities, viz; the executive, the legislative, judiciary, any other institution or body constituted by the act of parliament or state legislature. Any private institution financed and supported by the constitutional authorities.

 

Who is responsible: Every government office will have its own PIO(Public Information Officer) who is responsible to accept the request from the public and provide the information within 30 days of their request. A minimum fee is charged from the public. People from BPL(Below PovertyLine) are exempted from paying any fee to seek any information. Also there are APIOs(Assistant Public Information Officers) available in the post offices located in main cities and towns.

 

Information type: This act facilitates the citizen of India to obtain government documents, to inspect government documents, to inspect government works and to get the samples. (Government document means anything big to small including the Ration card, Election ID card).

Time Frame: The time frame to obtain any information is 30 days from the date of application. If the application was submitted through APIO, then the time frame is 35 days. In the case of information relating to life and death warranting very urgent information, the information to be provided within 48 hours from the time of application.

 

Restriction of Information: There is a restriction in seeking information according to the official secret act 1923 and such information will not be revealed or provided to the citizen of India in the interest of the country’s security. No information pertaining to offices and section dealing with security of the nation which will endanger the national security, security to personnel,. Like the defence, CB CID, BSF,Police etc; However, any issues relating to malfunction or corruption in the department are excluded , and can be sought through this RTI act.

 

Appeals: An appeal can be made to the appellate authority. If the first appeal is not replied, then the second appeal can be made to the Information Commission.

 

Actions on delay information: The officer is charged Rs. 250 per day as penalty for the delay. He is likely to be charged Rs. 25000 for providing wrong information or for denial of information, and disciplinary action will be initiated against the officer who fails to provide information and if his explanation is not duly justified.

 

Word limit: There is no word limitation when the act was brought into force. Now the government is thinking to impose restriction on the word limit to 500 words per application.

 

Right to information act helps the citizen to exercise their fundamental right to get information without any denial from the authorities. It helps the people to get the information pertaining to self relating to the government. It also helps to find out the corrupt functioning of the government and its officials. It keeps a check on government to conduct its business in a very fair manner. This act creates a fear in the minds of government servants to think and work that they are the servants of the people of this nation. Many government scandals have been brought out

to light with the help of this good act.

 
This Right to Information act has been conceived and delivered in a better shape that will lead India to move forward by reducing corruption in government departments. With this a government servant recognizes and respects the citizen of India and the government fears its people for wrong doings.

 

Art Forms of Arunachal Pradesh

Art Forms of Arunachal Pradesh

  • The art refers to the theory and physical expression of creativity found in human societies and cultures from Ancient Time in India. Major constituents of the arts include
  1. Literature – including poetry, novels and short stories, and epic poetry;
  2. Performing arts – among them music, dance, and theatre; and
  3. Visual arts – including drawing, painting, photography, ceramics, sculpting, and architecture – the art of designing and constructing buildings

Performing Art Forms of Arunachal Pradesh

  • The performing Art Forms of Arunachal Pradesh domain of intangible cultural heritage includes vocal and instrumental music, dance, theatre, pantomime, sung verse and beyond.
  • This domain is inseparably related with other intangible cultural heritage domains; like music is an integral part of many other domains of intangible cultural heritage including rituals, festive events or oral traditions.
  • Music can be performed in any situations: marriages, funerals, rituals, festivities etc. Diverse contexts, many dimensions or varied performing occasions make music universal.
  • Dance illustrates specific events or daily acts, such as religious dances, hunting or warfare dance etc. The rhythmic movements, steps and gestures of dance express sentiments and moods.
  • Traditional theatre performances generally combine acting, singing, dancing, dialogue, narration or recitation but may also include puppetry or pantomime.
  • Traditional theatres play crucial roles in culture and society and they are more than simply ‘performances’ for the audiences.
  • The performing arts of Arunachal Pradesh are vivaciously colorful. They dance for merriment, festive & rituals, and wars or even for funeral.
  • The dances, performed by the tribes of Arunachal Pradesh, have been broadly divided into four groups.
  • The first group is the ritual dances which are a part of a ritual. This group may again be divided into five subgroups.
  • The first subgroup of the ritual dances includes those dances which are performing to secure prosperity, good health and happiness of the dancer, his family, village or the whole community in various rituals.
  • The second subgroup comprises those dances performed in ceremonies related to agriculture and domestication of animals to secure a good harvest and increase of domestic animals respectively.
  • The third subgroup is associated with the funeral ceremony when the soul is prevented from hunting its old house and guided by the priest to its abode in the land of the dead.
  • It is generally believed that if the soul returns to its old home, the family suffers diseases and deaths.
  • The fourth subgroup consists of the fertility dances where the imitation of the movements of coition is believed to promote fertility.
  • War dances make the fifth subgroup, which are on the decline with the stoppage of the internecine feuds and raids. The war dance used to be prevalent among almost all the non-Buddhist tribes.

Traditional craftsmanship of Art Forms of Arunachal Pradesh

  • Perhaps the most tangible manifestation of intangible cultural heritage is traditional craftsmanship, though it is mainly concerned with the skills and knowledge involved in craftsmanship rather than the craft products themselves.
  • The objects are varied in form and type- from delicate, detailed art to rugged and sturdy tasks and from used for a short time, such as for festive events to the objects that are passed from generation to generation.Art Forms of Arunachal Pradesh
  • There are numerous forms of traditional craftsmanship: tools; clothing and jewellery; costumes and props for festivals and performing arts; storage containers, objects used for storage, transport and shelter; decorative art and ritual objects; musical instruments, household utensils and toys, both for amusement and education.
  • The people of Arunachal Pradesh present an extraordinary tradition of artistic craftsmanship which manifests itself through their various products.
  • From the perspective of art and crafts, the region may be divided into three zones.
  • The Buddhist tribes include in the first zone, the second cultural zone occupies the central part from East kameng to Lohit and the third zone is formed by the south-eastern part of the state.
  • A variety of crafts i.e. weaving, painting, pottery, smithy work, wood carving, bamboo-work and cane-work are practiced by the people of Arunachal Pradesh.
  • The people of the first zone make beautiful masks. Beautiful woolen carpets, woolen and yak-hair caps, shoes, painted wooden vessels and silver articles are the specialties of the Monpas.
  • They are also experts at dyeing and painting. Wooden masks are made by the Khambas and Membas.
  • In the second zone, the people are skilled in cane and bamboo work.
  • The Nyishis, Apatanis, Hill Miris and Adis make beautiful articles from these materials, like Hats of different sizes and shapes, various kinds of baskets and a variety of cane belts and necklaces.
  • The people of the third zone, i.e., the Khamptis, Wanchos, Noctes are famous for their wood carving work. The Khamptis make beautiful religious images, toys and other objects.
  • The Noctes and Wanchos make beautiful strings of beads with attractive patterns and carve beautiful bamboo pipes and human and animal figures.
  • Making silver ornaments is the specialitiy of the Idu Mishmis of Dibang Valley.
  • The shawls and jackets of the Apatanis, the Adi skirts or gales, jackets and shoulder bags and the Mishmi coats and shawls are reflective of the weaving talents and artistic sense of these people.

Handloom Making Art Forms of Arunachal Pradesh

Handloom also forms an integral part of the rich art and craft and for most of women in the state, it is the primary occupation.

  • Women of 20 tribes and 100 sub-tribes in Arunachal work to manufacture products like skirt (Gale), shirt (Galuk) , cotton shawl, side bag, curtain cloth in different patterns, quality, traditional value, motive and design. Paintings is yet another important art that Arunachal Pradesh is proud of.
  • A special type of painting called Tangkha is prevalent in Buddhist dominated areas of the state like Tawang, West Kameng, and Upper Siang Districts.
  • The motif of these paintings is mainly a religious subject or that of a traditional value. Carpet weaving in Arunachal is mostly seen in the regions same as that of the painting making.
  • The carpets of the state has been acclaimed to be of National & International repute, which definitely adds a feather in the cap of Arunachal.
  • Apart from carpets, wall hanging , cushion pad, telephone pad, floor covering etc. are also handmade in the state.
  • One of the unique items coming from Arunachal is the Wangcho Bag, which is handmade by the women folk of Wangcho tribe of Tirap District.
  • Cotton and acrylic yarn is used for weaving the colourful geometrical pattern on the bag. Today, apart from the the trademark bags, the weavers are designing and different utilities like ladies and gents waist coat and dresses as well.
  • The Wangcho women also make grass necklaces with the help of seasonal reed that is found on river banks.
  • Along with this, necklace wristband, waist band , head gear and earring are also made in the Tirap district.

Famous Tangkha painting of Art Forms of Arunachal Pradesh Tangkha painting is one of the most artistic craft; it is prevalent mainly in Buddhist dominated area like Tawang, West Kameng and Upper Siang Districts.

  • The motif of the painting is mostly religious subject along with traditional value.
  • It is a traditional form of Tibetan Buddhist art. Learning this craft can take three years and is part of a monk’s education.
  • Monks who have left monastic life can continue painting Tangkhas in craft centers like in Bomdila.

 

Budgets of Arunachal Pradesh

Budgets of Arunachal Pradesh 2016-17

  • The estimated amount of money to be spent this financial year 2016-17is Rs.700 crore extra as compared to the last financial year, BE which stood atRs.12,533.62 crore,
  • The State’s share of Central Taxes under the 14th Finance Commission stood at Rs.7868.94 croreand central grants stood at Rs.3705.66crore, for FY 2016-17 The revenue receipt for the non-plan segment to be received from the centre is Rs.235.66 crore and for the plan segment is Rs.3470.00 crBudgets of Arunachal Pradeshore. Altogether, the revenue receipts from both centre and state amounts to Rs.12774.16 crore, a shortfall of Rs. 469.05 crore to meet the projected BE for FY 2016-17.
  • the plan segment for the FY2016-17, the Govt. projected the expenditure to be at Rs.6569.00 crore, this include revenue expenditure, capital expenditure and loans. Altogether the total expenditure projected for this FY2016-17 stands at Rs.13906.08 crore.

 

Health:

From April 2016 onwards students pursuing BSc (Nursing), ANM and GNM would be given stipend of `1400 per month. With book grants of `3000, `2000, `1000 to BSc, GNM and ANM students respectively.
-De-addiction centre in Pasighat, Tezu, Hayuliang, Khonsa, Changlang and Longding. Proposed fund of `16 Crore in 2016-17
-Government proposed an allocation of ` 973.97 Crore in 2016-17

Education:

-State Govt. will create additional post of 184 teaching staff and 166 non- teaching staff.
-All schools shall be provided with 24X7 power supply by having provision from main line, solar inverter and DG Set in a phased manner
-Internet facility shall be made available wherever possible.
-From April 2016 onwards, Salaries of all SSA teachers will be paid regularly on a monthly basis.
-Enhanced rate of stipend to students; Class I to VIII – ` 900 Monthly, Class IX to XII- `1,100 and College Students – `1,400.
-Enhanced Annual Book grant to students;  MMBS students – ` 10,000, BAMS/BHMS/BDS – `  5,000, BE/BTech – ` 1,000 and Other Students – ` 1,000.  – Government proposed an allocation of ` 1985.98 crore in 2016-17 for education.

Labour and Employment:
-Government raised the minimum wages from `4500 to `6000 per month for unskilled and fixed ` 7000 for skilled labour.

Agriculture:

-Government proposed an allocation of about `182 Crore in 2016-17.

Horticulture:

-Government proposed to make a provision of `5 crore for a scheme to provide alternative source of livelihood to opium and cannabis growers. Under this scheme, farmers will get ` 7 lakh to setup large cardamom and kiwi gardens.
-Government propsed an allocation of about `27 Crore in 2016-17.

Environment and Forests:

-Proposed to make a tentative allocation of ` 10 Crore for raising 2 battalions of Eco-task force.
-7 Crore provision for up gradation of Itanagar Zoological Garden

Municipal Council:

-Allocation of `8.96 Crore for construction of collection points, dustbins in various locations of Capital Complex region.

-Government will create 60 posts including two executive engineers, four assistant engineers, and 7 junior engineers apart from ministerial staffs like UDC, LDC, Computer Operators and fourth grade staffs.

Building and Road:

-Proposal of `14 Crore for Jully bypass road and `12 Crore for Itanagar-Jote road.

Police:

-Government will provide 224 vehicles for mobility of police force.
– Provision of `44 Crore for construction of women police stations including housing facilities in all districts.

Community Policing Suvidha Centre will be established to provide police services to the citizens and the aim behind it is to reduce fear psychosis of general public towards police.  Services to be provided by the CPSC are registration of foreigners, tenant verification, Registration and investigation of servants, Passport verification, Police clearance Certificate at the time of foreign immigration, Vehicle verification, Character verification, Copy of FIR, Missing reports etc.

-`1000 per month to police personnel as ration allowance.

IPR:

-Enhance the Corpus fund for journalist welfare from existing `1 crore to `2 crore. Additional `2 crore for construction of media colony increasing the total allocation from`3 crore to `5 crore.

Sports and Youth Affairs:

-Proposed `2 crore for CM football and Volleyball Trophy tournaments.

-`10 crore for setting up of a Youth Convention hall with resource centre and multi discipline hall at SLSA complex, Chimpu.

District Administration:

-Earmarked  `60 lakh to each Deputy Commissioner as untied fund for meeting the development needs of the district.

-Increased honorarium of `1500 to Head Gaon Burah and ` 1000 to the Gaon Burah.

DoTCL:

-Government proposed to keep a provision of `50 Crore in this budget for the overall development in the districts of Tirap, Changlang and Longding.

MLALAD:

-Proposed to increase MLALAD allocation from the current ` 1.25 Crore per annum to `2 Crore per annum.

Impacts of Privatization

Privatization in generic terms refers to the process of transfer of ownership, can be of both permanent or long term lease in nature, of a once upon a time state-owned or public owned property to individuals or groups that intend to utilize it for private benefits and run the entity with the aim of profit maximization.
ADVANTAGES OF PRIVATIZATION
Privatization indeed is beneficial for the growth and sustainability of the state-owned enterprises.
• State owned enterprises usually are outdone by the private enterprises competitively. When compared the latter show better results in terms of revenues and efficiency and productivity. Hence, privatization can provide the necessary impetus to the underperforming PSUs .
• Privatization brings about radical structural changes providing momentum in the competitive sectors .
• Privatization leads to adoption of the global best practices along with management and motivation of the best human talent to foster sustainable competitive advantage and improvised management of resources.
• Privatization has a positive impact on the financial health of the sector which was previously state dominated by way of reducing the deficits and debts .
• The net transfer to the State owned Enterprises is lowered through privatization .
• Helps in escalating the performance benchmarks of the industry in general .
• Can initially have an undesirable impact on the employees but gradually in the long term, shall prove beneficial for the growth and prosperity of the employees .
• Privatized enterprises provide better and prompt services to the customers and help in improving the overall infrastructure of the country.

DISADVANTAGES OF PRIVATIZATION
Privatization in spite of the numerous benefits it provides to the state owned enterprises, there is the other side to it as well. Here are the prominent disadvantages of privatization:
• Private sector focuses more on profit maximization and less on social objectives unlike public sector that initiates socially viable adjustments in case of emergencies and criticalities .
• There is lack of transparency in private sector and stakeholders do not get the complete information about the functionality of the enterprise .
• Privatization has provided the unnecessary support to the corruption and illegitimate ways of accomplishments of licenses and business deals
ADVANTAGES AND DISADVANTAGES OF PRIVATISATION IN INDIA

• Privatization loses the mission with which the enterprise was established and profit maximization agenda encourages malpractices like production of lower quality products, elevating the hidden indirect costs, price escalation etc..
• Privatization results in high employee turnover and a lot of investment is required to train the lesser-qualified staff and even making the existing manpower of PSU abreast with the latest business practices .
• There can be a conflict of interest amongst stakeholders and the management of the buyer private company and initial resistance to change can hamper the performance of the enterprise .
• Privatization escalates price inflation in general as privatized enterprises do not enjoy government subsidies after the deal and the burden of this inflation effects common man


 

Exit mobile version