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Post by Don Quixote on Sept 21, 2014 19:10:00 GMT 5.5
Another thing, if a person declared wilful defaulter is on the board of a company, even that company can be denied funding, this is to ensure that the person is really kept out of all markets and access to capital.
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Post by Lisbeth Salander on Sept 23, 2014 21:27:50 GMT 5.5
@ss Could you frame a few questions on the "basic structure" doctrine? Thanks
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Post by CHANGEZ on Sept 26, 2014 21:54:50 GMT 5.5
Now that coal blocks stand de allocated by SC, can anyone ponder over how those who did not mine at all gained out of their allocation?? Apart from opportunity cost theory, that is basically the loss of govt and country... How did individual players gain by not mining? One way i can think of is by raising loans by keeping allocated mines as collateral. As attorney general also reported in SC that huge loans were raised but the amount was spent somewhere else and not to develop mines.. And now that mines stand de-allocated, they stand as NPA as collateral does not exist anymore.. what a wonderful situation! this is one, please post other ways by which they may have benefited?
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Post by CHANGEZ on Sept 26, 2014 21:55:43 GMT 5.5
also post link of any edit if you read about this issue!~
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Post by Lisbeth Salander on Sept 28, 2014 2:18:13 GMT 5.5
The other side of the coinCoal block deallocation will be demoralising, dent growthAs per the Government policy of 1993, the most difficult, unattractive and unviable coal blocks which lacked even basic infrastructure and in which Coal India Limited had no interest were allotted to various companies for captive use in end use projects. We must appreciate that India is the only country in the world that allotted coal blocks not for commercial mining but for value addition only by investing heavily in end use projects. Six different democratically elected Governments in their wisdom have followed this policy from 1993 to 2009 and no political party in the opposition even had ever objected to it. Similarly, no red flag has ever been raised by any industry participant who may have felt deprived of a rightful allocation. The development of these difficult coal blocks is a challenging task and that is why less than 20% of the coal blocks have become operational in 17 years. World-over there is plenty of coal and all countries welcome investment by companies to develop blocks just to sell coal without any insistence on investing in any end use project. This is because higher coal production leads to enhanced employment opportunities, higher tax revenues and royalty on extraction. Do we remember the days when one had to wait for months to get a phone or a cooking gas connection or even to buy an ambassador car? Unfortunately we are in a similar situation for coal. India's coal import bill is rising—ironically we are the world's third largest importer of coal despite having its fourth largest reserves. So need of the hour is to make all out efforts to expedite development of coal blocks and increase production which will help enhance power generation. Any de-allocation would be very demoralising for the entrepreneurs. Why should bonafide allottees be penalised? For creating wealth for the nation by developing these difficult coal blocks, for investing Rs 4 lakh crores in steel, power, cement projects, providing employment to millions of people and, in the words of India's first Prime Minister Jawaharlal Nehru's, creating "Temples of Modern India"? In the 90s when coal was neither expensive nor difficult to get through Coal India there weren't many people willing to take coal blocks and develop them. It is only in the last decade that coal has become so sought after in India to meet the energy needs of our rapidly growing economy. One cannot evaluate the decisions made 20 years back in today's context. Any largescale de-allocation will severely dent investor perception and derail our economic recovery. All stakeholders such as investors, lenders, employees, customers and suppliers will be adversely affected for no fault of theirs. India's credibility will be severely eroded. We need to ponder over: 1.) Would we have been better off if no coal blocks had been awarded? 2.) Do most people even realize the effort needed and the challenges faced in making these coal blocks and the end use projects functional? ET
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Post by Deleted on Sept 28, 2014 21:47:54 GMT 5.5
The other side of the coinCoal block deallocation will be demoralising, dent growthAs per the Government policy of 1993, the most difficult, unattractive and unviable coal blocks which lacked even basic infrastructure and in which Coal India Limited had no interest were allotted to various companies for captive use in end use projects. We must appreciate that India is the only country in the world that allotted coal blocks not for commercial mining but for value addition only by investing heavily in end use projects. Six different democratically elected Governments in their wisdom have followed this policy from 1993 to 2009 and no political party in the opposition even had ever objected to it. Similarly, no red flag has ever been raised by any industry participant who may have felt deprived of a rightful allocation. The development of these difficult coal blocks is a challenging task and that is why less than 20% of the coal blocks have become operational in 17 years. World-over there is plenty of coal and all countries welcome investment by companies to develop blocks just to sell coal without any insistence on investing in any end use project. This is because higher coal production leads to enhanced employment opportunities, higher tax revenues and royalty on extraction. Do we remember the days when one had to wait for months to get a phone or a cooking gas connection or even to buy an ambassador car? Unfortunately we are in a similar situation for coal. India's coal import bill is rising—ironically we are the world's third largest importer of coal despite having its fourth largest reserves. So need of the hour is to make all out efforts to expedite development of coal blocks and increase production which will help enhance power generation. Any de-allocation would be very demoralising for the entrepreneurs. Why should bonafide allottees be penalised? For creating wealth for the nation by developing these difficult coal blocks, for investing Rs 4 lakh crores in steel, power, cement projects, providing employment to millions of people and, in the words of India's first Prime Minister Jawaharlal Nehru's, creating "Temples of Modern India"? In the 90s when coal was neither expensive nor difficult to get through Coal India there weren't many people willing to take coal blocks and develop them. It is only in the last decade that coal has become so sought after in India to meet the energy needs of our rapidly growing economy. One cannot evaluate the decisions made 20 years back in today's context. Any largescale de-allocation will severely dent investor perception and derail our economic recovery. All stakeholders such as investors, lenders, employees, customers and suppliers will be adversely affected for no fault of theirs. India's credibility will be severely eroded. We need to ponder over: 1.) Would we have been better off if no coal blocks had been awarded? 2.) Do most people even realize the effort needed and the challenges faced in making these coal blocks and the end use projects functional? ET i appreciate this way of doing things. i mean, we all can share articles which we feel have a distinct approach towards an issue. this will help all of us to diversify our thinking capability, and will also provoke our thought process.
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Post by ALIBABA on Sept 29, 2014 11:17:01 GMT 5.5
lets start. well , i framed this question in the context of VIJAY MAALYA being termed as wilful defaulter. now , According to RBI, a willful defaulter is one who has not used bank funds for the purpose for which it was taken and who has not repaid loans despite having adequate liquidity. the objective behind restricting a person or company from being wilful defaulter is to stop the growth of NPA and ensuring discipline in repaying bank loans in time as the government is committed to make income recognition norms in line with international standards. declaration of wilful defaulter puts restriction on not only obtaining further credit channels but also shuts the door on any new ventures. The penal measures are applicable to a defaulter with an outstanding balance of Rs 25 lakh or more. The list of wilful defaulters is forwarded by RBI to SEBI and CIBIL to prevent their access to capital markets Also, it shuts the door on any new ventures – a wilful defaulter is not permitted to float any new business for a period of five years from the date of being declared a wilful defaulter. no additional finances could be granted to defaulter by any bank or financial institution. He would be debarred from accessing institutional finance from the scheduled commercial banks, development financial institutions, government-owned NBFCs, investment institutions, etc. . Banks can also initiate legal process, which can include criminal proceedings if necessary, against the borrowers/guarantors and foreclosure of recovery of dues. Not only this, the banks and institutions have been given the right to change the management of wilfully defaulting company.
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Post by CHANGEZ on Oct 4, 2014 22:12:54 GMT 5.5
so any new updates!! Today i read that M&A in this financial year is going to be highest since 2011.. Well thats a good economic activity, this shows that in next few years there will be increased economic activity. As they say redistribution in market brings a greater market!
Also on coal allocation, saw 2 updates 1) Petition is been filed in SC to debar those who indulged in illegality previously from the auction. 2) Coal miners association has said that current alloties must get preference in re-allocation.
While both are extremes, Mr. Parekh provided a middle ground. he said that after discovery of auction price, present miners whose lease stand cancel must be given chance to accept that price, and take the pie. This is called as right of first refusal.
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Post by Deleted on Oct 5, 2014 6:53:04 GMT 5.5
guyz, I would like to participate provided there is a direction to our efforts. It's good that we choose topic ourselves and ponder and comment over them. But I would like to do it in more professional way. say we pick up the quest from recent test series of some standard coaching like that of Vaji, Synergy or Vision.
One suggestion i have, which I tried to follow in past, is Srirams daily Quests. Sriram sends everyday imp news from The Hindu and along with it questions relating to recent Current affairs n GS.
before i begun on why I'm advocating Sriram, let me clarify that I'm not a Sriram bhakt, though i took coaching there. but it's because
1. it's regular 2. it's free 3. He is a coaching guy, been in this profession for years, analyzing diff stances of UPSC. obviously far more expert than us all.
btw if others have any other "good source" than I am more than eager to join them.
same applies for other GS papers too.
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Post by Deleted on Oct 5, 2014 6:56:32 GMT 5.5
Lastly, I believe, higher the quality of our discussions, serious candidates will automatically be attracted, increasing the participation and quality of our discussions. making it a mutually reinforcing virtuous cycle, making a win-win situation for us all
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Post by Deleted on Oct 5, 2014 6:59:10 GMT 5.5
to give u a glimpse of Sriram's daily quest, here are yesterday's quest
1. What are the threats to the family system in India as we have conventionally known it?( 150 words) 2. Liberalisation of Indian economy and its impact on Dalits.( 100 words) 3. Millennium Development Goal on sanitation and ways to achieve the same.( 100 words)
Hope u r already feeling the excitement!!
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Post by Deleted on Oct 5, 2014 14:34:14 GMT 5.5
guyz, I would like to participate provided there is a direction to our efforts. It's good that we choose topic ourselves and ponder and comment over them. But I would like to do it in more professional way. say we pick up the quest from recent test series of some standard coaching like that of Vaji, Synergy or Vision. One suggestion i have, which I tried to follow in past, is Srirams daily Quests. Sriram sends everyday imp news from The Hindu and along with it questions relating to recent Current affairs n GS. before i begun on why I'm advocating Sriram, let me clarify that I'm not a Sriram bhakt, though i took coaching there. but it's because 1. it's regular 2. it's free 3. He is a coaching guy, been in this profession for years, analyzing diff stances of UPSC. obviously far more expert than us all. btw if others have any other "good source" than I am more than eager to join them. same applies for other GS papers too. yes.i do agree with you.we certainly need a direction let it come from any side . i like d idea of sriram daily quest. nkit you have access to sriram quest i request you to put them here, we will discuss on that. apart from that i also wud like to propose members to choose and post atleast one topic in question format or in title form, from their daily newspaper reading,webiste searching,current magazine reading or based on tv show to discuss here. by doing so we will have diversity of sources,topics,views,opinions and will not miss anything from current . i take up the responsibility to report here atleast one topic for discussion from indian express and business standard here daily. others who are intersted in, can take up any other source, source to which they are regular. done!! will post daily, Sriram's quest. n regarding posting question on topics in quest format, i, probably, won't be able to do it daily- due to time constraints, though will post it as soon as i have one
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Post by CHANGEZ on Oct 5, 2014 19:43:49 GMT 5.5
guyz, I would like to participate provided there is a direction to our efforts. It's good that we choose topic ourselves and ponder and comment over them. But I would like to do it in more professional way. say we pick up the quest from recent test series of some standard coaching like that of Vaji, Synergy or Vision. One suggestion i have, which I tried to follow in past, is Srirams daily Quests. Sriram sends everyday imp news from The Hindu and along with it questions relating to recent Current affairs n GS. before i begun on why I'm advocating Sriram, let me clarify that I'm not a Sriram bhakt, though i took coaching there. but it's because 1. it's regular 2. it's free 3. He is a coaching guy, been in this profession for years, analyzing diff stances of UPSC. obviously far more expert than us all. btw if others have any other "good source" than I am more than eager to join them. same applies for other GS papers too. Yes, good idea @nkit, but you'll have to post the topics from its daily quest, as i don't receive them!
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Post by CHANGEZ on Oct 5, 2014 20:04:03 GMT 5.5
to give u a glimpse of Sriram's daily quest, here are yesterday's quest 1. What are the threats to the family system in India as we have conventionally known it?( 150 words) 2. Liberalisation of Indian economy and its impact on Dalits.( 100 words) 3. Millennium Development Goal on sanitation and ways to achieve the same.( 100 words) Hope u r already feeling the excitement!! 1. What are the threats to the family system in India as we have conventionally known it?( 150 words) - can think very little - conventionally a patriarchal system in which head of the family is a male member, with families breaking away into nuclear families the symbolically head of family status is denigrating.
- Gender bias in material rights is withering. With state estb laws to empower women, they are now starting to share equal rights. Its also because generation of variety of opportunities. - push and pull factors
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2. Liberalisation of Indian economy and its impact on Dalits.( 100 words) - Have generated more opportunities for the dalits who have been at the lower edge of economic activity earlier.
- due to this dalit entrepreneurs have emerged and have formed various industry bodies which provide seed funding to promote dalit industries.
- With global markets connected, their indigenous distinct arts and crafts have got better recognition and renumeration
- With liberalization, to catch up with the world, State also have increasing obligations; hv become accountable to create more enabling environment for dalits.
- Emergence of dalit capitalist class.
3. Millennium Development Goal on sanitation and ways to achieve the same.( 100 words) - (there were 8 goals, but i dont any of them was on sanotation!! )
- awareness
- building toilets and associated infrastructure like regular supply of water
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Post by sharma on Oct 5, 2014 20:10:25 GMT 5.5
I think this year there wl be a qsn on fslrc
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Post by CHANGEZ on Oct 5, 2014 20:15:45 GMT 5.5
I think this year there wl be a qsn on fslrc Hmm question toh pka hai, lekin uski recommendations k bajay jo debate hai ki unified regulator ho na ho!! Uska critical analysis ana chahiye!! Kuki RBI governer hav raised some legible concerns! I made a note before prelims on that.. will post that later.. Good topic
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Post by CHANGEZ on Oct 5, 2014 20:17:00 GMT 5.5
sharma, what is tapatalk brother?
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Post by Dr. Yatri Thor on Oct 5, 2014 20:24:59 GMT 5.5
sharma, what is tapatalk brother? CHANGEZtapatalk is a mobile app that you can use to access any Forum like this......its very easy, fast and convenient way of accessing such forums thru mobile........try it
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Post by sharma on Oct 5, 2014 20:28:26 GMT 5.5
@impact on family we can discuss withering of joint family. rise in employment levels ppl leaving home.increase urbanization and established traditional beliefs no more intercaste mrg
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Post by Don Quixote on Oct 5, 2014 22:53:07 GMT 5.5
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Post by CHANGEZ on Oct 6, 2014 9:56:10 GMT 5.5
Target 7.C: Halve, by 2015, the proportion of the population without sustainable access to safe drinking water and basic sanitation.
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Post by Deleted on Oct 6, 2014 12:37:38 GMT 5.5
Daily Test Questions
1. Watson supercomupter has immense uses in research and development- elaborate 2. What do you suggest to improve safety measures in zoos in India? 3. Union Government is proposing amendments to the Motor Vehicle Act. Mention the main changes proposed and discuss what they will achieve.
Government of India is likely to revise GDP measurement next year. Why?
What are global value chains? How is India finding a place in them. Mention the steps that the Government took since 1991 in this regard.
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Post by CHANGEZ on Oct 6, 2014 15:04:15 GMT 5.5
Daily Test Questions 1. Watson supercomupter has immense uses in research and development- elaborate 2. What do you suggest to improve safety measures in zoos in India? 3. Union Government is proposing amendments to the Motor Vehicle Act. Mention the main changes proposed and discuss what they will achieve. Government of India is likely to revise GDP measurement next year. Why? What are global value chains? How is India finding a place in them. Mention the steps that the Government took since 1991 in this regard. 1. Watson is a super computer based on artificial intelligence. It takes human input process it and try to generate output build on previous results. Its advantages is the speed and scale of information which can process. It was built by IBM. 2. build more and high fences; more layers of security before any civilian can reach to animal; security @zoo must be equipped w/ tranquilizer guns; address shortfall of manpower; cctv cameras to take stock of security, bla bla bla 3. The new Road Safety and Transport Bill 2014 proposed by the government, focuses on reducing accident mortality rate and stipulates stringent penalties for traffic offenders on Indian roads. - stringent penalties on movt of uninsured vehicle; harsh penalties on road rages; - stipulates a penalty up to Rs 3 lakh along with a minimum 7-year imprisonment for death of a child in certain circumstances, besides huge fines for driving violations. - proposes fine on manufacturers in case of faulty designs - transparent single window driver licencing system (w/ biometrics to avoid duplication)and automated driving test with private sector participation. - seeks to appoint an independent agency for vehicle regulation and road safety and offer time-bound vehicle type approval to promote innovation. - new 'golden hour' policy will provide immediate relief to accident victims - Intelligent speed adaptation, driver alert control and eye drowsiness detectors - provides for graded point system for imposing fines. - unified vehicle registration system, single National Road Transport & Multinational Coordination Authority and Goods Transport and National Freight Policy. - The Bill has been drafted in sync with the best practises of six advanced nations -- US, Canada, Singapore, Japan, Germany and the UK.
It aims to ensure electronic detection and centralised offences information to identify repeat-offenders.
The Bill proposes constitution of Highway Traffic Regulation and Protection Force constituted and maintained by the state governments, for the purpose of effective policing and enforcement of traffic regulations on highways.
The Bill proposes a Motor Accident Fund for the purpose of providing compulsory insurance cover to all road users in the territory of India.
Several provisions of the Motor Vehicles Act of 1988, especially those related to penalties for violations, have not been found to be effective in checking road accidents. The Act was last amended in 2001.
4. GDP Measurement: - change of base; regular process after 5 years. currently 2004-05 in use; new base year will be 2011-12 - Government planning to incorporate earnings of informal sector also(but how is unclear)! Most probably will not be possible coz accurate data is never available - In budget this yr, Jaitly(J) announced expenditure reforms committee(bimal jalan).. may be the changes proposed by the comm will be incorporated... some suggestions were given in econ survey as well(mentioned below)
from econ survey 2014
5. Global value chain (i didn't get the qn) agar kuch likhna hi hota toh - india's engagement in wto and other multi lateral forums - inc india's % in total world trade(about 3%) - Free mkt reforms - more open to foreign investment bla bla bla
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Post by Deleted on Oct 6, 2014 15:50:52 GMT 5.5
yo CHANGEZ that's the spirit. wait for a few days n I will also start writing answers...
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Post by W@RRiOR on Oct 8, 2014 8:18:36 GMT 5.5
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