9 PM Daily Current Affairs Brief – August 9th, 2021

Dear Friends, We have initiated some changes in the 9 PM Brief and other postings related to current affairs. What we sought to do: Ensure that all relevant facts, data, and arguments from today’s newspaper are readily available to you. We have widened the sources to provide you with content that is more than enough and… Continue reading 9 PM Daily Current Affairs Brief – August 9th, 2021

Our broken growth model is in acute need of some repair work

Source: Live Mint Relevance: Battling the slowdown in Indian economy Synopsis: Solving India’s chicken-and-egg problem of income and investment will take government action. Contents1 Background2 Factors behind economic growth3 Trends & Problems 4 Why private consumption declined?5 Why growth still not picking up? Background India was expected to grow in double digits in 2021-22. However, most… Continue reading Our broken growth model is in acute need of some repair work

What good are BITs?

Source: Business Standard Relevance: Harnessing the potential of Bilateral Investment Treaties to promote economic growth Synopsis: Many of us in India are irritated when the country’s state agencies lose cases (example Cairn energy case), and large penalties have to be paid on account of Bilateral Investment Treaties (BITs). But from India’s viewpoint, it is efficient… Continue reading What good are BITs?

Making trade work for climate

Source: Business standard Relevance: On Carbon border tax and its impact Synopsis: An analysis of the complexities involved in dealing with climate change via measures like carbon border tax. Context The European Union’s (EU’s) plan for a carbon border tax (CBT) —that is, duty on imported goods like aluminium, steel, cement, and electricity from countries… Continue reading Making trade work for climate

New licensing regime for UCBs in the pipeline

Source: Business Standard What is the news? A brand-new licensing regime for urban co-operative banks (UCBs) is on the cards for financially sound and well-managed co-operative credit societies. This comes 17 years after the Reserve Bank of India (RBI) stopped issuing them.  Expected Reforms in UCBs Constituting a board of management (BoM) for UCBs with… Continue reading New licensing regime for UCBs in the pipeline

Everything you want to know about CBDC

Source: Business Standard Relevance: CBDC, its potential impact, relevant suggestions Synopsis: The central bank digital currency will neither substitute nor compete with cryptocurrency; it’s just a wallet. An analysis of its inherent problems and a way forward. Contents1 Background2 About CBDC3 CBDC in India4 Impact of CBDC5 Concerns/Issues 6 Suggestions Background The RBI has been working… Continue reading Everything you want to know about CBDC

[UPSC Interview 2020] – Transcript #01 : Sujata Mehta Board, Anthropology optional, Research and writing hobbies

Board:- Sujata Mehta Ma’am Education:- Architecture and Urban planning Optional:- Anthropology Work exp:- Smart Cities Fellowship Interests:- editor in college magazine, research and writing about road safety Chairperson 1. Introduce yourself 2. What was your smart cities project about? What is your criticism of the project? 3. Why is India not ready to take on… Continue reading [UPSC Interview 2020] – Transcript #01 : Sujata Mehta Board, Anthropology optional, Research and writing hobbies

Centre ropes in NCAER to help expand vocational education in CBSE schools

Source: Livemint What is the News: Even as the national skill mission failed to expand vocational education in schools, the Union education ministry has recently tied up with the National Council for Applied Economic Research (NCAER). National Council for Applied Economic Research (NCAER) will help CBSE schools to expand vocational education & to make skilling… Continue reading Centre ropes in NCAER to help expand vocational education in CBSE schools

For top military posts, MoD weighs merit over seniority

Source: Times of India Contents1 What is the news?2 Existing rule3 Rationale4 Arguments What is the news? The Defence ministry is “examining” a proposal that the commanders-in-chief (Cs-in-C) in the Army, Navy and IAF should primarily be selected on merit rather than seniority. A tri-service committee of the vice chiefs of the Army, Navy and… Continue reading For top military posts, MoD weighs merit over seniority

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