This is a blog meant for those who are preparing for CIvil Services (UPSC)exams. The contents published in this blog are seldom original and are mostly taken from other sources as I don't have much time to write on my own. This blog is rather an attempt to present a collection of basic details about few topics most important from the viewpoint of Civil Service exams
Friday, July 22, 2011
Codex Alimentarius: The 100'th post
Wednesday, July 13, 2011
Microfinance Institutions (Development and Regulation) Bill
The Microfinance Institutions (Development and Regulation) Bill: An analysis
Need of the Bill: About a year ago, the government of Andhra Pradesh — the State that accounts for nearly a third of microfinance business in the country — introduced tough rules to clamp down on such practices as overcharging customers and employing coercive methods to recover loans.Advantages:
Proposes that all microfinance institutions with net-owned funds of over Rs.5 lakh register with it.
The RBI will define and fix what the Bill calls “an annual percentage rate”, to be charged by private MFIs, and also set the range within which it can operate. That rate will include interest, processing fees, service charges and any other charges or fees that are payable by the borrowers.
Difficulties in implementation:
Extremely cumbersome and will be difficult to enforce.
Given the low threshold for registration envisaged under the Bill, the number of MFIs that will come under the regulatory scanner will be too large for any meaningful supervision.
Even if the RBI became the principal regulator, it would be well within the State government's jurisdiction to exercise control over money lenders and check usurious practices
Wednesday, July 6, 2011
Koya Commandos: Violation of Art 14, 21
Both Article 21 and Article 14 of the Constitution of India have been violated, and will continue to be violated, by the appointment of tribal youth, with very little education, as SPOs engaged in counter-insurgency activities.
Article 14 — equality before the law and equal protection of the laws — is violated because subjecting these youths to the same levels of danger as members of the regular force, who have better education and training and possess a better capacity to benefit from training, “would be to treat unequal as equals”, the court explained.
Article 21 — protection of life and personal liberty — was violated because youngsters with such poor educational qualifications “cannot be expected to understand the dangers that they are likely to face, or skills which are needed to face such dangers”