9 PM Daily Current Affairs Brief – October 6, 2017

Central control out, subjective aspects in: why new wetlands Rules are different:  Context: The Ministry of Environment, Forests and Climate has rolled out new Wetlands Rules 2017. The new rules will dilute the rules of 2010 version.   What are Wetlands? Wetlands are areas where water covers the soil, or is present either at or… Continue reading Central control out, subjective aspects in: why new wetlands Rules are different: 

The instrumental harms of inequality:  Context From monopolistic market structures to poor public health outcomes, inequality can cause harm in a number of domains of everyday living. Causes of inequality The main causes of inequality are: 1. Unemployment Low la­bour productivity implies low rate of economic growth which is the main cause of poverty and… Continue reading The instrumental harms of inequality: 

Beyond business as usual:  Context: The 14th edition of India-EU Summit will take place in New Delhi today. Introduction: The EU will be represented by Donald Tusk, President of the European Council, and by Jean Claude Juncker, President of the European Commission. India will be represented by Prime Minister Narendra Modi. The summit with India… Continue reading Beyond business as usual: 

Dhaka defends China’s OBOR project:  Context Bangladesh Foreign Secretary Shahidul Haque holds a view that countries must not become isolated in the name of sovereignty. He emphasized on the putting sovereignty issue behind and put economic benefits in front seat. The statement is a counter to India’s tough position against China’s One Belt, One Road… Continue reading Dhaka defends China’s OBOR project: 

Face the decline:  Context: According to the critics, demonetization halted the recovery of rural economy. What is demonetization? Demonetization of currency means discontinuity of the particular currency from circulation and replacing it with a new currency. In the context of India, the government banned the 500 and 1000 denomination currency notes as a legal tender… Continue reading Face the decline: 

Is India missing out on global trade recovery?:  Context: The Asian Development Bank states that when the rest of Asia has witnessed an impressive rise in merchandise exports, Indian exports have remained weak. What is Asian Development Bank? Founded in 1966, the Asian Development Bank’s primary mission is to foster growth and cooperation among countries… Continue reading Is India missing out on global trade recovery?: 

Does India need a bullet train?:  Context The Mumbai-Ahmedabad bullet train was launched recently in India and has been a reason of lot of debate with some saying that it is a vanity project which has little or no justification on the grounds of economic viability or public service. Other Countries experience with bullet train(High… Continue reading Does India need a bullet train?: 

Norms to curb fund diversion mooted:  Context: SEBI panel proposes that audit committees must monitor flows to unlisted units. Introduction: Audit committees should monitor the flow of funds to unlisted subsidiaries, including those established overseas. The audit committee should also review the utilization of funds of the listed entity infused into unlisted subsidiaries, including foreign… Continue reading Norms to curb fund diversion mooted: