9 PM Daily Current Affairs Brief – July 31, 2017

The right to be left alone:  A right gets a wrong conception Context: In the modern day context, a majority of the Indian population does not always understand what privacy means. The misconception of right to privacy: Privacy is not about hiding something or keeping it secret. It also doesn’t mean that one is withdrawing… Continue reading The right to be left alone: 

For a greater global role, take SDGs seriously: Context       India presented its first voluntary national report on the implementation of Sustainable Development Goals (SDGs) at the UN on July 19th. The implementation of SDG       Along with India there were other 42 countries to implement SDG.       There is broad consensus that the success or failure of… Continue reading For a greater global role, take SDGs seriously:

U.S. prods India on Pyongyang: Context: India is facing increased pressure to reduce North Korea’s diplomatic presence in the country as Pyongyang flexes its military muscles. Introduction: During talks with Indian officials last week, a U.S. State Department delegation took up the presence of a large number of North Korean diplomats in India, and urged… Continue reading U.S. prods India on Pyongyang:

SC allows two firms to settle loan dispute: Context The Supreme Court used its extraordinary constitutional powers to allow two companies to withdraw from insolvency proceedings and settle their loan dispute, despite the case being admitted to the National Company Law Tribunal (NCLT). The turn of events If the NCLT acknowledges a case for initiating… Continue reading SC allows two firms to settle loan dispute:

Centre to share missing Bofors files: Context The Public Accounts Committee (PAC) of Parliament has asked the Defence Ministry to trace all missing files related to the Bofors scandal and share them with it. The focus of the committee The six-member sub-committee on defence, headed by BJD MP Bhartruhari Mahtab, is eyeing into the long-pending… Continue reading Centre to share missing Bofors files:

Pluralism in monetary policy framework:  Context: In spite of having sophisticated model at its disposal, the RBI’s performance on accurate inflation forecasting leaves much to be desired. Background: India formally adopted “flexible-inflation targeting” (FIT) in June last year. A key feature of FIT is that monetary policy has an explicit inflation target in the long-term… Continue reading Pluralism in monetary policy framework: 

It is now time for an RBI rate cut Context: The caution displayed by the Reserve Bank of India’s (RBI’s) monetary policy committee regarding inflation has come under a lot of criticism Introduction: There is a compelling case for the monetary policy committee to cut interest rates. Monetary policy has had to be asymmetrical to… Continue reading It is now time for an RBI rate cut

RBI may cut key interest rate by 25 basis points: Context: Amidst softening of inflation data over the last two months, the global finance financial service firm Morgan Stanley is expecting a 25 basis point reduction in policy rates during the upcoming meeting of the Reserve Bank of India’s (RBI) monetary policy committee next week.… Continue reading RBI may cut key interest rate by 25 basis points:

Talks begin to divest AI arm: Context: Air works has expressed an interest in acquiring a stake in AIESL which has the largest MRO business in the country with a facility for component and engine overhaul. Introduction: Informal talks have begun to find potential buyers for Air India’s subsidiaries, including its maintenance, repair and overhaul… Continue reading Talks begin to divest AI arm: