Author: ForumIAS

‘Scheme for banks not applied as envisaged’: Recapitalisation norms not met: CAG Context: The Centre’s Indradhanush’ scheme to recapitalize public sector banks (PSBs) based on their performance was not implemented in a manner envisaged, according to a report by the Comptroller and Auditor General of India (CAG) Introduction: The national auditor doubts that the public… Continue reading ‘Scheme for banks not applied as envisaged’:

The state’s domain: ) Context: Private healthcare in India usually offers quality service but is often expensive and largely unregulated Introduction: The Niti Aayog and the Union Health Ministry have put forward a proposal to allow private entities to use the premises of the district hospitals to provide treatment for cardiac and pulmonary diseases and… Continue reading The state’s domain:

CAG spots weaknesses in missile defence system: Context The Comptroller and Auditor General (CAG) tabled a report in Parliament stating that the strategic missile system, a medium range supersonic surface to air missile system to counter aerial threats were “deficient in quality”. The Report Over 70% of the under vehicle scanners (UVS) installed at Indian… Continue reading CAG spots weaknesses in missile defence system:

SC rejects abortion plea of 10-year-old: & Not just a question of weeks:  Context: On July 24, 2017, a Bench of Justices had directed doctors to medically examine the 10 year old, rape- victim girl and file a report in court on the health of the girl. In a short hearing, the court perused the… Continue reading SC rejects abortion plea of 10-year-old: & Not just a question of weeks: 

Fight against terror, BRICS told: & Doval wants BRICS to fight terrorism: Context National Security Adviser Ajit Doval called upon the Brazil-Russia-India-China-South Africa (BRICS) grouping to exercise international leadership in countering terrorism, in tune with the growing role of the emerging economies in setting the global agenda. The BRICS meeting Doval advocated that the five… Continue reading Fight against terror, BRICS told: & Doval wants BRICS to fight terrorism:

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:

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: