Category: Daily Editorials for UPSC IAS Exam Preparation

What is Monetary Policy? Monetary policy is the process by which monetary authority of a country, generally a central bank controls the supply of money in the economy by its control over interest rates in order to maintain price stability and achieve high economic growth. In India, the central monetary authority is the Reserve Bank…

The Panama papers An international coalition of media outlets on Sunday published an extensive investigation on offshore financial dealings of the rich and famous, based on a vast trove of documents provided by an anonymous source. International Consortium of Investigative Journalists (ICIJ) and Süddeutsche Zeitung (Munich) has revealed a list of names who are linked…

Stand up India Background The Prime Minister on 15th August 2014 launched the Pradhan Mantri Jan Dhan Yojana (PMJDY) for “Banking the Unbanked”. Further, Pradhan Mantri MUDRA Yojana (PMMY) was launched by the PM for “Funding the Unfunded” by facilitating loans upto Rs. 10 lakh on 8th April, 2015. To intensify this inclusive growth, the…

The Pathankot paradigm Background The first ever visit of a Pakistani joint investigation team (JIT) to the site of a terror attack in India, to investigate the assault on the Pathankot airbase, is indicative of a new-found rhythm in the India-Pakistan relationship. The domestic spaces of both countries have been restive: while India is reeling…

  Issue Reform of India’s drug regulatory framework. Drug Regulation in India: India is one of the largest manufacturers of drugs and exports pharmaceutical products to over 200 countries/economies.As India has a federal form of government, so the medical regulatory structure is divided between national and state authorities. Medicines in India are regulated by CDSCO…

India’s record In the last five years, India has been the world’s top arms importer with a 15 per cent global share of imports. Nearly 50 per cent of the capital acquisition budget is spent on imports. This excludes many “indigenous” items assembled by Ordnance Factories (OFs) and Defence Public Sector Units (DPSUs) where a…

Centre gives nod for 100% FDI in Ecommerce retail 100 per cent foreign direct investment (FDI) through the automatic route in the marketplace model of e-commerce retailing Foreign Direct Investment It is the major monetary source for economic development in India. Foreign companies invest in India to take benefits of cheaper wages and changing business…

Brinkmanship over a limited dispute Issue? It is about Satluj-Yamuna Link (SYL) canal dispute between Haryana and Punjab. What is the Satluj-Yamuna Link (SYL) canal dispute? On December 31,1981 Punjab, Haryana and Rajasthan agreed to share water of Ravi, Beas and Satluj between them. This agreement also mentioned that the water would be shared with…

  Brief Historical Context Nepal’s Prime Minister K.P. Sharma Oli is visiting China –  something that India is usually uncomfortable with. The good news is that after assuming PMship of Nepal, the Nepalese PM made the first visit to India ( Why? ) Those of you who are are aware of regional geopolitics of India…