Digital india which was launched Top CEOs of American
some fours back has impacted all of As quoted by our PM, “With
us in some or the other way. It companies, which have
played a key role in IT over one lakh villages linked
created employment, empowered us
and promoted entrepreneurship. with optical fibre, 121 crore
revolution the world is mobile phones, 120 crore
Under it, more number of people
were brought under aadhar net. experiencing now, have Aadhar, and 50 crore internet
Country took the path of cashless endorsed ambitious ‘Digital users, India is best placed to
india due to BHIM app. Number of India’ programme, leverage the power of
BPOs were opened in small town of
india, roughly 3 km of optic fibres describing it as a vision that technology and leap forward
connecting some 1.15 L gram would bring India into the future while ensuring
panchayats have been laid down, Rs. technologically at par with empowerment of every citizen”.
57000 crore was saved under the It’s providing enormous
JAM trinity as digital identity removes the rest of the world. This opportunities under telecom
middlemen, transactions worth Rs. include Apple CEO Tim sector and
20000 crore under common service Cook, Google CEO Sunder e-commerce/healthcare sector.
center were carried out and many
more ways in which it was Pichai, Microsoft CEO Satya In fact, small business is getting
successfully impacting our lives. Nadella and some others. benefitted due to use of online
tools to expand their business.
Rural India Future prospects challenges
Various digital products The way india is moving It suffers from various
were made available to towards digital economy, limitation or challenges like
rural India like E-nam the future seems promising. High level of digital illiteracy
Emerging areas of artificial is the biggest challenge in
linking agricultural
intelligence and internet of the success of digital India
mandis to farmers, soil things or the growing buzz programme, low internet
health cards etc. due to around start-up, low cost speed, slow and delayed
establishment of BPOs in and effective cyber security infrastructure development,
small towns, boys and solutions, all fuelled by digital divide between
girls from rural areas technology will further urban and rural India, Fear
were given employment increase our market and the of cyber crime and breach
and even got the overall demand giving boost of privacy has been
to economy. Infact people deterrent in adoption of
opportunity of
are becoming job givers digital technologies, Non
interacting with a broad rather than job seekers due availability of digital
case of clients. It to enormous opportunity services in local languages
impacted the MSMEs that this provides. and others .
positively.
Section 377 of the IPC states: People around the world face
In a decision taken by SC, it
“Whoever voluntarily has carnal violence and inequality—and
intercourse against the order of sometimes torture, even
will scrap the Section that
nature with any man, woman or execution—because of who criminalises homosexuality.
animal, shall be punished with they love, how they look, or discrimination faced by the
1[imprisonment for life], or with who they are. Their Sexual LGBT community in
imprisonment of either orientation and gender identity employment and in choice
description for a term which becomes a cause of their abuse. of vocation will vanish and
may extend to ten years, and But things are changing slowly
will help awakening in the
shall also be liable to fine.” The as equal marriage rights went
very basis of this section is into effect in Scotland,
society and help LGBT
wrong as it takes away from a Luxembourg, nineteen U.S. community will be able to
section of our community the states, and the Mexican state of live life to the fullest. It’s a
right to live their life freely or to Coahuila, and as Chile and move that is revolutionary
choose their partners. The basic Croatia approved same-sex civil as it gives the LGBT
fundamental right is seized and unions legislation. Transgender community members the
their privacy is greatly impacted Europeans also achieved right to contest elections
as Sexual orientation is an significant triumphs over the
essential attribute of privacy. last year.
without inhibitions.
LGBT rights in India Enter Aspect 5 here Enter Aspect 6 here
Since2014, transgender people
in India have been allowed to Enter your opinions here Enter your opinions here
change their gender
without sex reassignment
surgery, have a constitutional
right to register themselves
under a third gender, some
states protect hijras (a subset
of the transgender
community) through housing
programmes, welfare benefits,
pension schemes, free
surgeries in government
hospitals and others
programmes designed to assist
them. In fact, as per the law,
people can’t discriminate on
grounds of religion, race,
caste, sex or place of birth
With the NPA situation Increase in slippages and
Non-performing assets (NPAs) are a
getting out of hands day by NPAs indicate low asset key concern for banks in India. While
day, the pressure on RBI quality on the loan book public-sector banks have
builds up. In its Financial leading to credit and outperformed private banks in
financial operations, their NPAs have
Stability Report (FSR), the reputational risks for the risen substantially, suggesting a high
RBI said stress in the banks. This is going to probability of credit defaults and
banking sector continues as negatively impact the credit impact on profits.
NPA problem is more prevalent in
gross non-performing rating of the banks as their PSB than in private bamks as these
dvances (GNPA) ratio rises credit giving capacity also banks come directly under RBI’s
further. falls due to high NPA being control unlike PSB’s wherein RBI exist
for name sake and couldn’t even fire
many banks are reflected in their balance any employee. Also, PSB have to
complaining that the sheet. people those who get provide loans to certain vulnerable
resolution norms set by RBI marked as NPAs will face sector of the economy also called
"priority sectors" as they are
is so stringent that they problem in future as no essentially the backbone of the
have to make 50% provision lender will be willing to lend Indian economy. However, these
for accounts. And they are to such people as this sectors are infamous for stalled
projects and poor development. As a
now putting pressure to record will keep showing up result, they invariably fall short of
ease these norms. in the CIBIL Report. paying back their loans.
IBC Global scenario Future for NPA situation
India gross NPA stood at In its Financial Stability
Insolvency and Bankruptcy Code
9.6% which is the sixth Report (FSR), the RBI said
(amendment) bill, 2017 was
introduced in Lok sabha on 28
largest in the world. This stress in the banking sector
december with the aim to bar figure is the sum total of all continues as gross non-
those with NPA accounts from the stressed assets held by performing advances (GNPA)
bidding to acquire insolvent lending institutes of out ratio rises further. Macro-
company or its asset. Thus it stress tests indicate that
country. Basic metal
was a time bound resolution under the baseline
industry (45,8%) and scenario of current
plan to protect the interests of
cement industry(34.6%) are macroeconomic outlook,
small investors and make the
process of doing business a less
the two most indebted SCBs' (scheduled commercial
cumbersome process i.e. to ones. Indias bad loan banks) GNPA ratio may rise
draft a resolution plan within problem can hold the from 11.6 per cent in March
180 days (extendable by 90 economic growth at 2018 to 12.2 per cent by
days).the bill prohibits certain March 2019. Meaning that
ransom. US, the UK, Japan
people from submitting a NPA situation may get worse
and Germany have sound but there is hope as credit
resolution plan in case of
banking systems with NPA growth picked up during
defaults like wilful defaulter,
disqualified directors etc.
ratios of less than 2 per 2017-18 notwithstanding
cent, while China scores sluggish deposit growth
well at 1.7 per cent.