Good evening dear reader<\/p>\n
Here is our 9pm current affairs brief for you today<\/p>\n
About 9 PM Brief<\/strong>- With the 9 PM Daily Current affairs for UPSC brief we intend<\/span> to simplify the newspaper reading experience. In 9PM briefs, we provide our reader with a summary of all the important articles and editorials from three important newspapers namely The Hindu, Indian Express, and Livemint. This will provide you with analysis, broad coverage, and factual information from a Mains examination point of view.<\/p>\r\n About Factly<\/strong>- The Factly initiative covers all the daily news articles regarding Preliminary examination. This will be provided at the end of the 9 PM Brief.<\/p>\r\n Dear Aspirants,<\/p>\r\n We know for a fact that learning without evaluation is a wasted effort. Therefore, we request you to please go through both our initiatives i.e 9PM Briefs and Factly, then evaluate yourself through the 10PM Current Affairs Quiz.<\/p>\r\n We plan to integrate all our free daily initiatives to comprehensively support your success journey. Source: The Hindu\u00a0<\/a><\/b><\/p>\n Syllabus<\/b>: GS 2 – Effect of policies and politics of developed and developing countries on India\u2019s interests<\/span><\/p>\n Synopsis<\/b>: The world leaders are looking at U.S-China Alaska meet as a starting point to restore normalcy between the two countries. Their relationship reached its lowest level since the Nixon era. It is primarily due to rising assertiveness and mistrust between the countries.\u00a0<\/span><\/p>\n Background<\/b>:<\/span><\/p>\n Expectations from Meeting<\/b>:<\/span><\/p>\n Significance of meeting:<\/b><\/p>\n The meeting could<\/span> help in resolving the Afghanistan puzzle<\/b> by encouraging proactive communication among the Troika (U.S, China, Russia) in future.<\/span><\/p>\n Source: Click Here<\/a>\u00a0 \u00a0<\/b><\/p>\n Syllabus:<\/b> GS 2 – Role of civil services in a democracy<\/span><\/p>\n Synopsis<\/b>: The government has approved the policy of Lateral entry in civil services. However, it has some flaws over entry requirements, job assignments, number of personnel, and training. This calls for reforming the policy for lateral entrants.<\/span><\/p>\n Background<\/b>:<\/span><\/p>\n Issues with Lateral Entry<\/b>:<\/span><\/p>\n Way Forward<\/b>:<\/span><\/p>\n Source: <\/b>click here<\/span><\/a><\/p>\n Syllabus: <\/b>GS 3<\/span><\/p>\n Synopsis: Privatisation of <\/b>PSBs will not be a solution for India\u2019s banking sector distresses. The nationalization of Banks proved to be fruitful at the time of need, it requires reforms, not privatization.\u00a0<\/span><\/p>\n Introduction\u00a0<\/b><\/p>\n The Union government announced that they want to privatize Public Sector Banks (PSBs) in the recent budget. The government believes that this move will improve efficiency. However, it is not clear whether privatization brings efficiency or reduces associated risks.<\/span><\/p>\n The notion that only private banks are efficient is not correct.<\/b> Many private banks failed around the world. Private corporate entities also have such large volumes of NPAs.<\/span><\/p>\n Moreover, Bank nationalization helped in a revolution of India\u2019s banking sector.<\/span><\/p>\n How the nationalisation of banks helped in a revolution for india’s banking sector?<\/b><\/p>\n The nationalization of 14 private banks in 1969, followed by six more in 1980, transformed the banking sector. It created jobs, extended credit to the agriculture sector, and benefitted the poor.<\/span><\/p>\n What should be done instead of privatising the public sector banks?<\/b><\/p>\n PSBs handled by the private sector could result in denial of convenient and economical banking services to the common man. The risks of monopoly will only complicate the issue.<\/span><\/p>\n The conclusion\u00a0<\/b><\/p>\n Defaults by large corporate borrowers, imposed through the impractical Insolvency and Bankruptcy Code, have resulted in a pile of write-offs, putting a big dent on the balance sheets of PSBs. This has not only affected the profitability of the banks but has also become an excuse to declare inefficiency.<\/span><\/p>\n
Happy Learning!<\/strong><\/p>\r\n<\/div>\n\n
\nExpectations from U.S-China Alaska meet<\/a><\/h3>\n
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\nFlaws in design of lateral entry policy<\/a><\/h3>\n
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\nWhy Nationalisation of Banks was a Right Step?<\/a><\/h3>\n
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\nFlaws in New AICTE rules<\/a><\/h3>\n