The Indian written constitution acts as an armour in ensuring rights for females inside the country. Several changes made to the Indian constitution also played a vital role in empowering women. Here are some significant amendments: 73rd Amendment Act (1992): reserved one-third of seats for wRead more
The Indian written constitution acts as an armour in ensuring rights for females inside the country. Several changes made to the Indian constitution also played a vital role in empowering women. Here are some significant amendments:
- 73rd Amendment Act (1992): reserved one-third of seats for women in rural local bodies, empowering women at the grass-roots level.
- 74th Amendment Act (1992): Reserved one-third seats for women in urban local bodies, thus ensuring their involvement.
- 86th Amendment Act (2002): Made education a fundamental right and thus indirectly empowered women through girls’ education.
- 102nd Amendment Act (2018): Provided constitutional status to the National Commission for Backward Classes (NCBC) on issues concerning social and educational backwardness, among other issues faced by backward classes, including women.
- 103rd Amendment Act (2019): Offers 10% reservation for economically weaker sections (EWS) in higher educational institutions and government jobs, thereby benefiting many poor girls from needy homes.
- 128th Amendment Bill 2023: Reserves one-third of seats in the Lok Sabha, State Legislative Assemblies, and the Legislative Assembly of the National Capital Territory of Delhi for women.
Thus, collectively, these amendments are motivated by women’s empowerment and rights.
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One of the key steps in India’s journey towards financial inclusion is the Pradhan Mantri Jan Dhan Yojana (PMJDY), launched in 2014. This program aimed to provide every household in India with a bank account and access to other financial services like insurance and pensions. It helped people receiveRead more
One of the key steps in India’s journey towards financial inclusion is the Pradhan Mantri Jan Dhan Yojana (PMJDY), launched in 2014. This program aimed to provide every household in India with a bank account and access to other financial services like insurance and pensions. It helped people receive government benefits directly into their bank accounts, reducing losses and improving efficiency in delivering welfare.
The Aadhaar system, India’s biometric identification program, has been crucial in this effort. Aadhaar makes it easier to open bank accounts with less paperwork. Linking Aadhaar to bank accounts has made it simpler for people to access various financial services.
Recently, India has seen a boom in digital payments, thanks to systems like the Unified Payments Interface (UPI) and Bharat Bill Payment System (BBPS). UPI, developed by the National Payments Corporation of India (NPCI), has revolutionized digital payments. In one year, UPI transactions grew by 54% in volume and 42% in value. This widespread use of UPI has made digital payments accessible to many, allowing easy peer-to-peer and merchant transactions.
The rapid growth of UPI transactions shows how quickly India is moving towards a cashless economy. Up to 2022, this trend was driven by more people using smartphones, government incentives, and the convenience of UPI. However, challenges like cybersecurity risks, gaps in digital literacy, gender disparities, and connectivity issues in remote areas remain. Overcoming these challenges is essential to maintaining the growth of UPI and ensuring everyone benefits from digital payments.
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