Author: ForumIAS

A crystal ball gaze at where the Indian rupee could be headed

Why Rupee fluctuates vis-a-vis other currencies?  Reason for fluctuation in rupee:  India’s foreign exchange reserves.    For example, an increase in forex reserves is an indication that India is getting in more dollars than India’s spending. This will push India’s current and capital accounts into surplus zone and impact the exchange rates.   Daily fluctuations caused by foreign portfolio investment (FPI) flows.  External factor of the dollar,… Continue reading A crystal ball gaze at where the Indian rupee could be headed

Saved by our women

Synopsis: Article talks about various female right activists that are constantly working for the rights of weaker and under-privileged sections of the society.   We take up the pre-independence female right activists mentioned in the article, like Muktabai Salve, Tarabai Shinde, Savitribai Phule, Jyotiba Phule etc.  Savitribai Phule  Read this  Jyotiba Phule  Read this.  Muktabai Salve  Mukta Salve was one of the first Dalits to… Continue reading Saved by our women

Similarities Between Non-fungible tokens and worldwide web

Synopsis: Tim Berners-Lee, the inventor of the World Wide Web (WWW), compared the idea behind WWW to that of blockchain-based NFTs (Non-fungible tokens).  What are Non-fungible tokens?  Non-fungible tokens are built on blockchain technology, which is aimed toward decentralising power, which is what the Web was supposed to do before Big Tech empires developed.  NFTs are “one-of-a-kind” assets in the digital world. These digital tokens can be thought… Continue reading Similarities Between Non-fungible tokens and worldwide web

Lesson from China on bad banks

Relevance: There is a debate going on in India to open bad bank for solving the NPA problem with banks.  Synopsis – To address stressed assets [nonperforming loans (NPLs), a bad bank must have a fixed term and a narrow mandate with clear aims.  What are bad banks?  A ‘bad bank’ is designated financial institutions that purchase and resolve nonperforming assets (NPAs) from banks and help… Continue reading Lesson from China on bad banks

Rural economy is the key to revival of Indian economy

Relevance: Decline in the GDP due to COVID, the role of agriculture and rural employment generation in the revival process   Synopsis: The rural economy continues to remain crucial for any strategy of economic revival.  State of economy:  As per the National Statistical Office (NSO) the Indian Gross Domestic Product (GDP) declined by 7.3%.  This was partly a result of a slowdown in economic activity since 2016-17 and partly… Continue reading Rural economy is the key to revival of Indian economy

Protecting Prisoners’ right

Relevance: Prison reforms in India have been pending of late.   Synopsis: Overcrowding in prisons has put several inmates at risk of COVID-19 infection and death. It is a violation of the human rights of prisoner.   Background   In India Prisons are overcrowded and it has left thousands of prisoners at risk of Covid infection and death.   According to data, there are 12,715 inmates lodged in 11 sections of… Continue reading Protecting Prisoners’ right

The new urban

Relevance: Distinctive features of government’s key schemes related to urban planning and development  Synopsis: Completion of six years of implementation of three major flagship missions of the Ministry of Housing and Urban Affairs — the Pradhan Mantri Awas Yojana (Urban), Atal Mission for Rejuvenation and Urban Transformation (AMRUT) and Smart Cities Mission.  Contents1 Special feature of all these missions 2… Continue reading The new urban

Must Read Current Affairs Articles – June 26th 2021

Good Morning dear reader We are posting Today’s Must Read Current Affairs Articles below: About Must Read News Articles: Must Read News Articles is an initiative by Team ForumIAS to provide links to the most important news articles of the day. It covers several newspapers such as The Hindu, Indian Express, Livemint, etc. This saves the… Continue reading Must Read Current Affairs Articles – June 26th 2021

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