Why the fuss about fiscal deficit?

Why the fuss about fiscal deficit? Context: India’s fiscal deficit in the past ten years (based on actuals) has hovered between 3.5% and 6.4% of nominal GDP. Expenses overshoot In FY18, the Centre’s total income (as per the revised estimates) from taxes, non-tax revenues and capital items is estimated at Rs. 16.23 lakh crore. But… Continue reading Why the fuss about fiscal deficit?

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Govt. ignoring the plight of children: SC

Govt. ignoring the plight of children: SC Context: The Supreme Court has criticised the government for being slow in implementing juvenile justice laws and ignoring the plight of the children Highlights of the Judgement: The Social Justice Bench of Justices Madan B. Lokur and Deepak Gupta has described the government’s negligence of children This included:… Continue reading Govt. ignoring the plight of children: SC

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Let the chips fall where they may

Let the chips fall where they may Dealing with the unfolding political drama in the Maldives requires a great deal of craft, patience and diplomacy. Context: Instead of restoring democracy and civil liberties in Male, India must look after its strategic interests in the increasingly chaotic Indian Ocean Region. What is in news? Ever since… Continue reading Let the chips fall where they may

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India, UAE to deepen strategic ties, counter terror

India, UAE to deepen strategic ties, counter terror Context: The External Affairs Ministry has recently announced that India and the UAE will hold a bilateral naval exercise. Details It has been declared that India and the UAE will hold naval exercise as maritime security becomes a crucial domain of cooperation focussing on Indian Ocean and… Continue reading India, UAE to deepen strategic ties, counter terror

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Adapting better to climate change

Adapting better to climate change Context: Various instances of failures of adaptation project highlight the need to address equity issues while considering and framing such projects. What are adaptation projects? The adaptation projects are efforts to help people live in a world where average global temperatures are rising Failure of adaptation projects to address equity… Continue reading Adapting better to climate change

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Unending pain: On SBI’s Q3 loss

Unending pain: On SBI’s Q3 loss Context: For the first time in almost 19 years, the State Bank of India reported a quarterly loss of ₹2,416 crore for the three months ended December, compared with a net profit of ₹2,610 crore in the year-earlier period. Reasons: The loss was the result of both a massive… Continue reading Unending pain: On SBI’s Q3 loss

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India, Oman agree to isolate sponsors of terror

India, Oman agree to isolate sponsors of terror Context: Recently, the External Affairs Ministry stated that India and Oman have agreed to isolate the sponsors of international terrorism. Battling Terrorism: The declaration on battling terrorism came at the end of Prime Minister Narendra Modi’s visit to Oman Both the countries acknowledged that there was an… Continue reading India, Oman agree to isolate sponsors of terror

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Expanding horizons

Expanding horizons Context: India’s ‘Look West’ Policy is evolving rapidly India-UAE Relationship: Trade and economic ties are becoming central to the India-UAE relationship. A landmark pact awarding a consortium of Indian oil companies a 10% stake in offshore oil concession will be the first Indian investment in the UAE’s upstream oil sector, transforming a traditional… Continue reading Expanding horizons

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Rethinking trafficking

Rethinking trafficking Context: Last India protested against the release of a report, ‘Global estimates of modern slavery: forced labour and forced marriage’, a collaborative effort of the International Labour Organisation (ILO), the Walk Free Foundation, and the International Organisation for Migration. Highlight of the report: The report estimated that there were 40.3 million “modern slaves”… Continue reading Rethinking trafficking

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