India

Indian Constitution : historical underpinnings

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Constitution Constitution is the fundamental law of a country which ordains the fundamental principles on which the government (or the governance) of that country is based. It lays down the framework and principal functions of various organs of the government as well as the modalities of interaction between the government and its citizens. With the … Read more Indian Constitution : historical underpinnings

Role and Functions of Reserve Bank of India and commercial banks

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Role of RBI Pre-reform Post-reform Developmental Role: the developmental role has increased in view of the changing structure of the economy with a focus on SMEs and financial inclusion Priority Sector Lending: Introduced from 1974 with public sector banks. Extended to all commercial banks by 1992 In the revised guidelines for PSL the thrust is … Read more Role and Functions of Reserve Bank of India and commercial banks

Fundamental Rights

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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 … Read more Fundamental Rights

Constitutional Development & Indian Constitution

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Making of the constitution 1934: Idea of constituent assembly put forward by M N Roy 1935: INC officially demands constituent assembly 1938: JL Nehru’s declaration on the constitution of India 1940: Nehru’s demand accepted in the form of August Offer August Offer PM: Winston Churchill While rejecting INCs demand for independence of India after the … Read more Constitutional Development & Indian Constitution