Must Read News Articles – July 24

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Indian society

The boycott ban: (The Hindu, Editorial)

Maharashtra’s law criminalising social ostracism is a template for other States.

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Indian Economy. Canotte Indiana Pacers Planning, Growth and Employment Taming inflationary expectations: (The Hindu, Editorial) Inflation is a politically more sensitive challenge than joblessness for the simple reason that it affects everyone, whether you have a job or not.

Payments bank: for the informal sector:

Payments bank comes under a differentiated bank licence since it cannot offer all the services that a commercial bank offers.

MPC members to get Rs. 1.5 lakh per meet, must disclose assets:

The six-member MPC, constituted in September 2016, has three persons appointed by the central government while the rest, including the Governor, are from the RBI. Forum concerned at ‘secret’ RCEP talks: The RCEP, among other things, aims to liberalise investment norms as well as boost trade by eliminating/drastically reducing import duties on goods and bringing down ‘barriers’ in the services sector. NITI Aayog: An institution to fix implementation issues: (Live Mint, Editorial)

NITI Aayog is responsible for monitoring and evaluating government schemes but its performance is below par.

The RBI’s harsh prescription: (Live Mint, Editorial)

RBI should amend its provisioning norms for cases being sent for insolvency and bankruptcy proceedings to be aligned with the historical recovery rate

Prelims Related News

Once hero, now ‘white elephant’:

INS Vagli was commissioned into the Indian Navy at Riga in Latvia, which was part of the erstwhile Soviet Union in 1974, and was decommissioned at Visakhapatnam in December 2010.

Scientists develop ‘anti-Zika drug’:

Researchers from a southeastern Spanish university announced the discovery of a molecule that could be used as a potential drug to fight the effects of a Zika virus infection.

Russia keen on selling MiG-35 jets to India:

Russia is keen on selling its new fighter jet MiG-35 to India with the MiG corporation’s chief saying the country has evinced interest in the aircraft and talks were on to understand its requirements.

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