Right to Education Act

The Right to Education Act envisions providing free and compulsory education for all children between 6 and 14 years of age. From April 1, 2010, it has come into effect as one of the Fundamental Rights. Government of India pledges to provide education to every child in India.

Right to Education Act
Every child between the ages of 6 to 14 years has the right to free and compulsory education. This is stated as per the 86th Constitution Amendment Act added Article 21A. The right to education act seeks to give effect to this amendment.
The government schools shall provide free education to all the children and the schools will be managed by school management committees (SMC). Private schools shall admit at least 25% of the children in their schools without any fee.
The National Commission for Elementary Education shall be constituted to monitor all aspects of elementary education including quality.

Chechen separatist ordered Moscow bomb attack

The Chechen leader Doku Umarov claimed responsibility for suicide bombing in the Russian capital that killed nearly 38 people last week.
Umarov, speaking through an Islamist website, said he had personally ordered the attacks, in which two women exploded bombs in Moscow's busiest metro stations during the morning rush hour.

What is Chechen issue?
The nature of the conflict between Chechnya and Russia is a result of many factors; a tumultuous history between the two neighbours, Islamic fundamentalism, terrorism, Russia’s attempts to dominate the Caucacus regions, oil exploitation, human rights, and international attitudes. The following discussion aims to explain the background and reasons for the perpetuation of the trouble in Chechnya, and explore the reasons for Russia’s military intervention in the region. As well, the discussion will attempt to forecast what the future may hold for Chechnya, and Russia’s relations with it.
“The Chechens are an ethnically distinct, traditionally clan-based group with a long history of resisting Russian expansion in the Northern Caucasus” . The hostility existing between the Chechen people and Russia, however, predates both the Russian republic and the Soviet Union, going back to the late 18th Century, when Russia’s drive to the South, initiated by Peter the Great in 1722, “led to the incorporation first of the Transcaucasus and only later of the rebellious North Caucasus”
(Credit to http://www.oppapers.com)

Irish Rejects Lisbon Treaty

International News

Irish voters rejected a treaty on Friday to overhaul the European Union unwieldy institutions. The pact is known as Lisbon Treaty. The treaty was an effort to resurrect EU reforms that were torpedoed by French and Dutch voters in 2005.

Related Information:

The number of member countries in EU- 27.

EU President – Jose Manual Borroso.

Treaty of Lisbon- The treaty of Lisbon is also known as Reform Treaty. A treaty designed to streamline how the EU works by amending the Treaty of European Union and the Treaty establishing the European Community. If ratified by all members of the EU, the treaty of Lisbon will make the Charter of Fundamental Rights legally binding.

Information on Stock Market - SENSEX and NIFTY

What is SENSEX?

This is one of the most repeated words in the Indian Economy. A very good understanding of the Stock market and SENSEX in particular is important for a student to crack a few of the questions come under Indian Economy. It is said that questions pertaining to stock markets are often asked in the Civil Service Interview. Following are the some important information regarding the Stock Market in general and other important indexes in particular.

What is Sensex?

The Sensex is an indicator. It is an indicator of all the major companies of the BSE (Bombay Stock Exchange)

We often hear that the Sensex has gone up or gone down. It brings great fluctuations in the Indian Economy. What does it mean? If the Sensex goes up, it means that the prices of the stocks of the major companies on the BSE ( thirty in number) have gone up. If the Sensex goes down, it means that the stock prices of most of the major stocks on the BSE have gone down.

BSE and NSE are the two major indices of Stock market.

SENSEX is an indicator of all the major companies (30) of the BSE, situated in Bombay.

NIFTY is an indicator of the all the major companies of NSE (National Stock Exchange), situated in Delhi.

Aren't there other stock markets in the country?
There are many, but they are not as popular as the two mentioned above. Most the stock trading in the country is done through the BSE and NSE.

Companies listed in SENSEX.

Sensex is calculated taking into consideration stock prices of 30 different BSE listed companies. Free-float market capitalization method is used to calculate the stock prices of these companies. The method for calculating the Sensex and the thirty companies are not stable; they change from time to time.

What is Free-float market capitalization?

To understand this term, you must know who hold the shares of the company. They can be the government, founders or directors of the company, and by FDI..

Only open market shares are free for trading by anyone. When we calculate the SENSEX, we are interested only in these “Free Float” shares.

Why only thirty companies??

The thirty companies are selected and reviewed from time to by and INDEX COMMITTEE consisting academics, mutual fund managers, finance journalists, independent governing board members and other participant in the financial markets.

What is the main criteria for selecting the stocks of thirty companies?

The company

1. should have a market capitalization in the Top 100 market capitalization of the BSE. Also the market capitalization should be more than 0.5% of the total market capitalization of the index.
2. The company should be traded on each and every trading day for the last one year.
3. The scrip should be among the top 150 companies listed by average number of trades per day for the last one year.
4. The companies should be leaders in their industry group.
5. The company should have a listing history of at least one year on BSE.
6. The company should have an acceptable track record.

Basic information on Indian Economy

Introducing NETINDIAN to you

Hi Aspirants,
This site is meant to be used by all those who are preparing vigorously for the competitive exams that are held in India (For the Union and for the states). The information furnished here will be classified under different subject heading like Economics, Indian Polity, General Science, History, National and International Affairs. The aspirants are requested to go through them to enrich their knowledge. I shall be happy if you bring to my notice any irregularities found. Let us march forward toward a great beginning keeping a great end in the minds.

Jai Hind!

Victory for all

This is the beginning of a great venture. I submit this blog for all those who need information about India.
I want this blog to be helpful to those who aspire to prepare for various kinds of tests that are held in India.
Let this humble beginning be a great leap in your life.

Wishing you success in all your en devour,
INDIAN