WORLD FROM MY PERSPECTIVE

COAL ALLOCATION SCAM OR COALGATE SCANDAL: THE STORY BEHIND ITS NAME: There took place a political scandal In USA in the early 1970's named Watergate scandal which led to the resignation of Richard Nikson, the president of United States. The Watergate scandal involved the head of their country. In the same way, the coal allocation involves the head of our country. So it is named with a suffix 'gate'. INTRODUCTION TO THE SCANDAL: The coalgate is a political scandal concerning with the illegal allocation of coal blocks to the public and private companies without having an auction (regular process to allocate coal blocks) between 2006 and 2008. It led to the looting of 1.86 lakh crore approximately. The figure earlier was believed to be more than 10 lakh crore. But later on, the loss was estimated to be 1.86 lakh crore. The coal minister for 2004 was Shibu Soren, but when the discussions for competitive bidding just started, he had been forced to resign due to a...

AMERICAN GOVERNMENT'S PARTIAL SHUTDOWN: INTRODUCTION: The federal government of America need to be funded to perform all the activities. The Senate and The House of Representatives together constitute Congress of the United States of America. If the congress(Senate and the House) cannot agree on how to allocate the funds to various activities, they have to close down the government until they agree with each other. When the federal government lacks appropriate funding, they experience a funding gap. Under the Anti deficiency act, they must cease the operations, that means should shut down the government. Previously, the government had a shut down for 17 times. This is the 18th shut of the American government. OBAMACARE OR AFFORDABLE CARE ACT: The major intentions behind the introduction of obamacare are: It aims to provide subsidized healthcare to millions of uninsured. To provide essential benefits that were not the part of the existing policies. It pro...