Lecture 1- Quote 2- Editorials 3- Current Affair Q 4- Subjective Q 5- Vocabulary 6- Maps Practice 7- Capital & Currency 8-News Analysis 9-Revision
VeeR Talyan @247veer
Delhi Edition of The Hindu
300 feared dead after Somalia blasts Truck bomb explosion at busy junction rips through capital Mogadishu Hotels, restaurants, and military targets terrorist group al-shabaab in recent years, but none as horrific as this one. Islamist organisation has not yet claimed responsibility but government spokespersons have blamed the alqaeda-allied group. A weakened Al-Shabaab has not claimed responsibility attacks as yet African Union Mission in Somalia (AMISOM) Pushed al-shabaab ghters even further into interior Somalia AMISOM, logistical support from the U.S. government Al-Shabaab still has the capacity
Avoid the adventurous path Any aggressive attempt to widen the fiscal deficit will land India s economy in problems The decline in the investment rate has been largely due to a decline in the private investment rate, both corporate and household Policy initiatives must be directed towards raising private investment Fiscal Responsibility and Budget Management (FRBM) Review Committee chaired by N.K. Singh Target of debt-gdp ratio at 60% in 2023 from the present level of 70% (with the Centre and States required to contain their ratios at 40% and 20%, respectively) is supposed to be achieved by limiting the fiscal deficit at 3% of GDP in the first three years and 2.5% in the next two by both the Centre and States 1)-State level, when the impact of loan waivers, 2)-Additional interest payments on account of Ujwal DISCOM Assurance Yojana (UDAY) and 3)-Possible impact of pay revision is considered, the revenue deficit may increase by 1% of GDP.
Continue History of fiscal laxity(ढ ल)- 1980s, with the fiscal deficit at more than 10% of GDP structural adjustment programme in 1991 Declining financial savings The Annual Report of the Reserve Bank of India (RBI) gives the latest estimate of the financial saving of the household sector for 2016-17 at just about 8.1% of GDP. Solution to the current slowdown in growth lies in 1)-Reviving private investment, 2)-Recapitalising banks to enable them to lend more, and 3)-Speedy completion of stalled projects. Our history is witness to it. We should avoid being adventurous.
Out of UNESCO U.S. s decision to quit UNESCO is an attempt to reassert geopolitical influence in West Asia In January, for instance, Trump administration prepared orders to halt U.S. funding to global institutions that advocate membership for the Palestine Authority. U.S., UN and Palestine UNESCO, which designates world heritage spots, accorded recognition in 2011 to Palestine as its 195th member. The 2012 elevation to a non-member observer status at the UN Shrine in Hebron city as an endangered Palestinian heritage site. While most of Hebron is under Palestine administration, the core of the shrine is surrounded by Israeli military guards. A resolution last year condemned Israel for hampering access for Palestinians
Continue Remove individualism, secularism, socialism;- Give more prominence to fundamental duties rather than to fundamental rights, and so on. True, our Constitution is a bag of borrowed ideas, but borrowing a few Western ideas is not necessarily bad if such ideas have some value and relevance for us Kesavananda Bharati case (1973) laid down that the basic structure of the Constitution cannot be altered Individualism is the central theme of most fundamental rights. Sangh ideologues seek the removal of the centrality of individualism from Constitution in name of family and collective or group rights Individualism is a Western idea does not make it bad Secular or socialist- fundamental duties were inserted by Q-? We cannot reject individualism and liberty simply because these are Western concepts. If the whole world is our family, we are entitled to adopt ideas from anywhere.
News Analysis Page-1- GST alters tax-exempt status, say diplomats Flag cumbersome(ब झ ल) process, multiple documentation
Page-1- Plea to ensure OROP for retired judges A former Madras High Court judge has approached the Supreme Court for implementation of the One Rank, One Pension norm for retired High Court judges, saying there is disparity in the pension paid to those 1)- Appointed from the Bar and 2)-Those promoted from the subordinate judiciary. Appointed is in breach of Article 14 and 16(1) of the Constitution of India. One Rank, One Pension must be the norm in respect of a constitutional office.
Page-5- SC to hear plea for study on safety of Mullaperiyar Dam The Supreme Court has agreed to hear a petition to direct the government to appoint an international agency to study the longevity of the Mullaperiyar dam, built in 1895 between Tamil Nadu and Kerala
Page-10- With stealth ship, India in elite group Country is rapidly marching towards indigenisation and the commissioning of the third Kamorta class Anti-Submarine Warfare (ASW) stealth corvette is a classic example of that, said Defence Minister Nirmala Sitharaman
Page-10- Observations conform neutron star merger Indian scientists play a signifi cant role in source modelling The announcement of the neutron star merger, detected on August 17 by the LIGO-VIRGO collaboration of gravitational wave detectors, has been reinforced by the observation of short gamma ray (light waves) bursts almost simultaneously by other space and earth-based observatories. This discovery is so fundamental that it is definitely a strong candidate for another Nobel prize,
Last Day- Q s- Ans Barack Obama Noble Peace Prize in 2009. Right to Privacy kept Under - Article 21 along with "Right to Life and Personal Liberty" of FR. Fundamental Rights (FR) comes Under Part - III - Article 12-35 Japan's High - Speed Rail Project to India from - Ahmedabad to Mumbai. It's being made on the Japanese "Shinkansen"
Today- Question Question:-The Fiscal Responsibility and Budget Management (FRBM) Review Committee report has preferred a debt to GDP ratio of 60% for the general government by 2023, comprising 40% for the Central government and 20% for the State governments. Discuss the challenges that states would face in achieving debt ceiling of 20% by 2023.