Big Thoughts

Topics: Poverty, Economy, Economic development Pages: 9 (2436 words) Published: August 13, 2013

Cover Features@competitionmaster.com – London Olympics 2012 – for civil services, bank recruitment and other competitive exams

Posted on August 13, 2012. Filed under: bank clerical cadre exam, bank recruitment exam, Bank services, cds, civil services, civil services exam, CLAT, competitive exams india, current affairs, descriptive questions, essays, Hotel Management, indian forest service exam, MAT, nda | Tags: competitive exams, bank PO exam, civil services mains exam, mba, civil services exam, hotel management, Job interview |

On August 12, 2012, London bade a flamboyant and madcap farewell to the Olympic Games with a romp through British pop and fashion, bringing the curtain down on more than two weeks of action that ended with USA topping the sporting world with 46 gold medals.

Actor Timothy Spall read from Shakespeare’s “The Tempest” dressed as war-time Prime Minister Winston Churchill, and after a London “rush hour” featuring real cars and trucks, Prince Harry entered to represent his grandmother Queen Elizabeth.

The Spice Girls, Take That and George Michael were among the acts taking part in an exuberant finale that sought to sum up Britain’s enthusiasm for the Games despite reservations about the 9 billion pound cost.

During a special eight-minute segment, the stadium was bathed in the colours and sounds of Brazil, as the Olympics looked ahead to 2016 when Rio de Janeiro is the host city.

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Poverty Alleviation Programmes of India

Posted on June 5, 2012. Filed under: current affairs, MBA, Bank services, civil services, general knowledge, essays, civil services exam, competitive exams india, ias exam, essay, MAT, descriptive questions, nda, cds, CLAT, indian forest service exam, LIC, social problems, economic problems |

The fruits of economic growth have not benefited everyone uniformly. Some are left behind and some others are not touched by the benefits of economic growth. It is proved globally that the so-called trickle-down effect does not work in all the societies and India is no exception to this. There are various reasons for this uneven development in the society. Modern economy is technology driven and not labour-intensive.

High volume of high quality goods and services are produced with fewer labour hands. In short, the modern economy is not generating much employment and sometimes it displaces and replaces labour with machines and tools. The period of 1999-2000 to 2004- 2005 saw rapid economic growth in the country but it has not impacted on the unemployment problem of the country. During this period, the unemployment rate remained almost same for rural males and decreased by just one percentage for urban male. On the other hand, unemployment among females increased by one percentage for urban and rural females.

One-third of the country’s population is still illiterate and a majority are not educated up to the age of 15 years. Even among the educated, all do not have employable skills of the modern economy. The education system is not tuned to the changing economic scenario. The large agriculture workforce in rural areas is not sustainable with dwindling cultivable land and use of modern methods of cultivation. As a result, the rural labour is pushed into cities in search of work but they do not have any employable skills in the urban formal sector often end up doing odd jobs in urban areas.

Urbanization in this country is mainly due to acute poverty in rural areas, rather than due to the economic opportunities in urban areas. Further, poverty is not uniformly spread in the country. States like Orissa, Bihar and Madhya Pradesh have high level of poverty and the levels have not come down significantly in the post-economic reform era.

It is also pertinent to understand that some of the people are unable to be part of the economic reform and do not have the...
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