MUHAMMED SALIM. A.P

World Bank released its 'Ease of Doing Business Index 2019" on 31 October 2018. India managed to jump in the list of countries by 'Ease of Doing Business Index' by 23 places to 77 from 100 in 2017. India just improved the overall position, remarkable anyway. But India is still at 137th on "starting a business", 166th on "property registration", 163rd on "enforcing contracts", 121st on "paying taxes" and 108th on "resolving insolvency". These topics are not insignificant in 'ease of doing business'. How does India promote business without correcting this serious limitation? Will the better performed indicators bring the businesses automatically? Before celebrating the achievement, we need to work hard on the poor status of above said topics on which India has serious dullness. It is really distressing that we ranked just 137th among 190 countries on the most fundamental indicator 'starting business'. H...

The Bolivarian Republic of Venezuela is passing through the deadly economic turned humanitarian crisis. Venezuela's mix of political, economic and humanitarian crisis is now at its peak. This cancerous situation was resulted after the oil price collapse since 2014. Adding fuel to the fire, Maduro-led government adopted inappropriate economic policies to finance huge budgetary deficit. Internal instability: The hyperinflation of around 100,000 per cent as of August 2018, which can not bearable by any country, has been literally brandishing awfully the Venezuelan economy and Venezuelans. According to IMF, the inflation in the once South America's one of the wealthiest countries is supposed to touch one million per cent by the end of 2018. (www.forbes.com/sites/stevehanke/2018/07/31). The inflation rate has been surging phenomenally ever since the beginning of collapse of the oil-dependent economy with steep fall in international crude oil prices and oil exports since 2014. T...

Background and Need India as a natural disaster-prone country India is known to be a natural disaster-prone country. In the words of UN Secretary General Antonio Guterres, India is the third worst-hit country by natural disasters since 1995 (The Economic Times, 2017 Sep 17). It was reported that 30% of India's geographical area is prone to severe earthquake, another 27% is prone to moderate earthquake and 12% is prone to floods. Besides, 76% of India's coastline is prone to cyclones and tsunami. India witnessed a number of massive and destructive natural disasters of various types such as Odisha Cyclone in 1999 causing the death of over 10000 people, Gujarat earthquake in 2001 (death toll: over 25000), Indian Ocean Tsunami in 2004 (death toll: over 11000), Mumbai Floods in 2005 (death toll: over 5000), Kosi Floods in Bihar in 2008 (death toll: over 500), Utharakhand Floods in 2013 (death toll: over 6000), J&K Floods in 2014 (death toll: over 400), Cyclone HudHud in Visha...

The recently out Public Affairs Index (PAI) 2018 put the state of Kerala on the top of the list among the states and union territories in India. It was just as expected. It was in fact mere a continuation of the most celebrated 'Kerala Model'. It's been pretty clear that the State Government's role in molding the so called Model is vital. We would come to know that State Government's role has been significant for the state being ranked top in the list of states and union territories. However, we should discuss whether the State's current position on governance is satisfactory and what are the themes and focus subjects on which the State should be bothered about. Whether Kerala's Governance is Satisfactory and What are the Themes on which Kerala should be Bothered About? Kerala could dominate only on five themes out of ten as per the PAI 2018. However, it should be examined that whether the domination over these themes are absolute or relative. It is qui...

1) Saving Banks Saving banks are established to create saving habit among the people. These banks are helpful for salaried people and low income groups. The deposits collected from customers are invested in bonds, securities, etc. At present most of the commercial banks carry the functions of savings banks. Postal department also performs the functions of saving bank. 2) Commercial Banks Commercial banks are established with an objective to help businessmen. These banks collect money from general public and give short-term loans to businessmen by way of cash credits, overdrafts, etc. Commercial banks provide various services like collecting cheques, bill of exchange, remittance money from one place to another place. In India, commercial banks are established under Companies Act, 1956. In 1969, 14 commercial banks were nationalised by Government of India. The policies regarding deposits, loans, rate of interest, etc. of these banks are controlled by the Central Ba...