The British colonial administration brought in progressive developmental forces by bringing in education (Kindergarten to University) and railway networks for commercial exploitation of agricultural, forest and mineral resources and various social activists rose to the occasion with giants such as Raja Ram Mohan Roy, Ranade, Gokhale, Phule, Dadabhai Naoroji, Pantulu, Sayyad Ahmed, Narayana Guru, Sane Guruji, Vidyasagar, Swami Vivekananda, etc.
Mumbai, 11th June 2015: Focus on innovations, inventions and fresh thinking in the areas like education, health, food and housing can help India become $20 trillion economy from the current around $2 trillion, Union Minister for Women and Child Development Maneka Gandhi said at the 40th Skoch Summit here Thursday.
Poverty remains one of the most pressing challenges facing the country today. But why are the people poor? Why are able-bodied working age group people poor? Old people, disabled people, that's different.
Under the Millennium Development Goals (MDGs), India along with other developing countries, has committed to eradicate extreme poverty. The deadline to achieve the goal is 31st December 2015. However, according to a recent United Nations report, nearly 300 million people still live in extreme poverty in India and face deprivation in terms of access to basic services, including education, health, water and sanitation.
As we embarked on a period of planning after independence, import substitution constituted a major component of India's trade and industrial policies. Planners, more or less, chose to ignore the option of foreign trade as a stimulant of economic growth. This was primarily due to the highly pessimistic view taken on the potential of export earnings.
I am in politics for over 35 years. Since early days we have been talking about poverty alleviation. "Garibi Hatao" (remove poverty) slogan was given in early 1970s. Since then a number of schemes have been introduced aimed at removing poverty. I am not saying that nothing has happened. But surely the pace has not been good.
The Merriam Webster Dictionary defines poverty as "the state of one who lacks a usual or socially acceptable amount of money or material possessions." However, poverty is not simply characterised by a lack of adequate income. It has far reaching implications.
The Indian economy is predominantly cash-driven with only 5 per cent of the country's Personal Consumption Expenditure done electronically. This shows that there is a huge unexplored market for payment companies. It will require all players across the payments value chain to create much greater innovation in payment services.