Category Archive: Social issues

Articles and news related to social issues, social justice and social problems in India.

Indian Stock Market Scam by Harshad Mehta: Implications – Case Study

Indian Stock Market Scam by Harshad Mehta Implications - Case Study -

In the early 1990s, every bank in India was supposed to maintain Statutory Liquidity Ratio, i.e. a particular amount of their deposits were to be in the form of government bonds. They were also to submit a balance sheet with full details by the end of the day showing the capital that has been invested …

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Top10 Oil Producing Countries in the World!

Though many alternate sources of energy are in use and new ones are being created, oil remains one of the most widely used source of energy. Its value still remains unquestionable in this regard. A lot of countries across the world that are rich in oil reserves are selling the domestically produced oil to other …

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Top 10 Most Corrupt and Least Corrupt Countries in World

What comes up as a new reminder of corruption, secret dealings, bribery and abuse of power is the Corruption Perceptions Index 2013. The Index reveals the continuing ravage of societies all across the globe. This Corruption Perceptions Index 2013 has scored 177 nations and territories of the world on a scale of 0 to 100, where 0 score indicated the nation/ territory being highly corrupt and 100 score indicated the nation/ territory being very clean. It did not comes as a surprise that none of the 177 nations and territories achieved a perfect score. However, what is disturbing is the fact that about 2/3rd of the world’s nations and territories scored less than 50. The conditions are becoming all the more severe and needs to be addressed. The scores themselves indicate the seriousness and the global problem of corruption expanding. Some urgent and strict steps need to be taken. A renewed worldwide effort has to be organized to crack down the corruption rising from money laundering. Political finances are to be cleaned up, stolen assets have to be returned. The public institutions are to be made more transparent.

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Time has come to Scrap Current Income Tax System and find alternatives

As per the taxation system in India, an assessee whose total salary is more than the maximum exemption limit is chargeable to income tax according to the rate(s) mentioned in the Finance Act. An assessee can be either an individual, Association of persons, Hindu Undivided Family, Body of Individuals, firm, company, local authority or any artificial judicial person not belonging to any of these categories.According to the data of 2011-12, there are a total of 3.10 crore individual assesses, 12.29 lacs firms, 4.96 companies, 1.19 lacs trusts, 7.61 lacs Hindu Undivided Family assesses and 95.84 other assesses. Roughly 89% of the tax payers belong to the INR 0 to 5 lacs slab, nearly 5.5% of them belong to the INR 5 to 10 lacs slab and about 1.3% of the tax payers are from the slab of above INR 20 lacs. Also, as per the recent records, only 5% people, who are mostly salaried, pay their income tax.

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Understanding Income TAX, Provident Fund and Gratuity

Understanding Income TAX, Provident Fund and Gratuity -

Next, let us understand what Provident Fund is. It is basically a fund that has been constitutes of the contributions made an employee throughout the time he or she was working along with an equal contribution made by the employer. Only employees with a basic salary of up to INR 6,500 have to make the contribution while the employers with basic salary above this amount are presented with the option of becoming the member of PF

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Women Sexual Harassment : Here are the laws and actions you can take!

Women Sexual Harassment - Here are the laws and actions you can take - Copy

Women are still looked at from a medieval point of view, they are not spared on the road, not spared at a social gathering, and they are not even spared at workplace. It should be mentioned here that women are thought to be easy because they go to work and mingle with men, and thus …

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How to Save Money Using Free Discount Coupons Websites Online?

How to Save Money Using Free Discount Coupons Websites Online -

In the case of online shopping, which has become the latest trend with its increasing popularity day by day, bargaining is not possible. And wait, that does not mean you got to pay the MRP! Online coupons come to your rescue here, by giving you great choices and bargain margins.

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Honour killing in India: A shameful act on the name of false prestige!

Honour killing in India -

The frequency of honour killings have been on the rise in the northern regions of India, with the states of Punjab, Haryana and UP topping the list. These honour killings are directed towards women or girls, and are a result of marriages that happen without the permission of the family, or those that happen with the girl and boy belonging to two different caste groups or religions. In contrast to this, honour killings are close to null in the south Indian states as well as north western states of Gujarat and Maharashtra. Statistics have given extremely painful and sad results. Over 1000 young people are killed in India in the name of honour killing every year. Punjab has got the credit of having the highest number of honour killings in the country, with 34 honour killings being reported in the state between 2008 and 2010.

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Land acquisition and Corruption: How to stop this looting?

Land acquisition and Corruption How to stop this looting

Land acquisition basically refers to the process of acquiring of land by the government for various infrastructure as well as economic related developments. In our country, acquiring of land has got some additional definitions, i.e, it involves the hands of political bigwigs, and hence there is lot of black money involved, thereby accelerating our nation in the corruption race. When a land is acquired by the government, it most of the times results in the displacement of a considerable chunk of the particular area’s population. The poor, who have been having their livelihood in an area, their houses, businesses etc. all have now to be shifted to some other place. The question here is, does the government help these displaced people after they have lost their trades? I guess, our government doesn’t even care to look back at them, let alone help!

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Acid Attacks and increasing Crime against Women: Strong laws required!

Women Sexual Harassment Here are the laws and actions you can

Our country is becoming an epitome of crime, and the sad thing is that women are turning out to be the worst hit. Crime against women in our nation is on the rise, year by year. Here are a few appalling statistics. In the year 2006 alone, over 32,000 murders, 19,000 rapes, 7,500 dowry deaths and 36,500 molestation cases were reported against women. And to make things worse, there are many more cases that go unreported in our country. Madhya Pradesh, West Bengal, Andhra Pradesh are the states where crime against women has been sky rocketing. And yes, our national capital Delhi is also not far behind

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Rich getting richer and poor getting poorer: Where are we heading?

Rich getting richer and poor getting poorer Where are we heading

The economic equality in our nation has doubled in our country in the last two decades. And this has made India the worst performer amongst the developing nations. What is more ‘contributing’ to this widening phenomenon is that the top 10 % of the economy earn 12 times more than the bottom 10 %. When it comes to the middle line of the economy, that is the middle class, it is again the top 10 % that calls the shots. They make 5 times more than the median people, while the medians make just 0.4 % more than the bottom 10 %.

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Child Sexual abuse in Shelter Homes: The horrible Truth!

Child Sexual abuse in Shelter Homes -

A huge number of children in our country go missing every year. Some are kidnapped, some are sold by their families in return for money, and some are lured for the promise of a better life. The following are the statistics provided by NGO CRY (Child Rights and You)
– About 9,000 children go missing in India every year.
– Over 5 lakh children are forcefully pushed into sex trade every year.
– Approximately 2 million commercial sex workers are between the ages of 5 and 15 years, and over 3.3 million are between the ages of 15 and 18.
– 40 percent of the children’s population in our country is into commercial sex working; and 80 percent of these children are found in the five metros – Delhi, Mumbai, Kolkata, Bangalore and Chennai.

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Fluctuation of Rupee value, Rise in Oil prices and sluggish Growth rate: How does it affect You?

Fluctuation of Rupee value, Rise in Oil prices and sluggish Growth rate How does it affect You -

The impact of such weak rupee is that it affects not only every sector but also Individuals in the country. Everything becomes costly, since our economy runs on oil so increase in oil prices raises price of every necessary thing, started from travelling to food items to, steel prices, everything that runs on oil. Inflation will reach another height and so is cost of living.

Travelling abroad becomes very costly which includes travelling expense, hotel expense, etc can hike up by 15%. Students studying abroad for higher education are also affected as they have to pay more course fees, travelling, accommodation, etc. Imported electronic items and services also become expensive.

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A Review of “Satyamev Jayate”: The Show on Real issues!

It is a well-known fact that to wake up our dormant, stagnant and overtly conventional government is a Herculean task. Whatever people say or think about “Satyamev Jayate” but at least it is raising these real issues which otherwise never discussed. If we aren’t good-spirited enough to laud a person working for the elimination of the issue, we shouldn’t be a spoilsport either dissuading him. We appreciate this effort.

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Inflation Monster: What is it and how does it affect your Life?

Inflation Monster: What is it and how does it affect your Life -

With increase in inflation, the value of currency unit decreases remarkably which implies less goods or services can be purchased with specific amount of money. Inflation affects the socio-economic condition of the world significantly.

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