MUDIT' s MAGAZINE (MM) By: Mudit Gupta

ABOUT ME Born and brought up in Delhi Engineer- Electronics and Communication College- Jaypee Institute of Information and Technology, Sector 62, Noida CGPA 8.4/10 LAMP Fellow DU LLB entrance =AIR 76 . Interests =writing and Blogging Reading about India MUDIT'S MAGAZINE -UNACADEMY

3 NEW PLUS COURSES . Re. 1 Course Fiscal Policy of India (To be launched by 8th June) GS 2 and GS 3 (Starts 20th June) - International Relations - Internal Security - Disaster Management - Important Acts and Bills Geography through maps using 350 MCQs (Starts 25th June) - Entire geography - Using maps and MCOs MUDIT'S MAGAZINE UNACADEMY

RBI CURRENCY DATA (INDIAN EXPRESS, PAGE 12) 8th November, 2016 #86% of the bank notes ceased to be a legal tender . Came back . Black money came back into the system . Currency in circulation 18.5 Lakh Crore . Even more than pre-demonetization level De monetization 99% of the banned bank notes Recent report.Double (as compared to post demonetization level) Currency MUDIT'S MAGAZINE -UNACADEMY

RBI EX-GUV REDDY COMES DOWN ON GOVERNMENT, RBI FOR PNB FRAUD, NPAs (INDIAN EXPRESS, PAGE 12) Y.V. Reddy RBI Governor . 2003-2008 Frauds and NPAs Responsibility of the Governmentan RBI . Top management - appointed by the Why Government? Responsibility of the Government Regulator Puts a question mark on the ability of RBI RBI MU AGAZI

GDP MAY GROW 8% IN 2 YEARS (INDIAN EXPRESS, PAGE 12) How? Investment picking up Capacity utilization going up (current-7496) Domestic demand picking up Meeting of CEOs Confederation of Indian Industry (CII) GDP In the next 2 years Touch 8% growth MUDIT'S MAGAZINE UNACADEMY

WALMART FLIPKART: CCI MAY SUGGEST CHANGES (THE HINDU, PAGE 13) Why? Big mergers and changes in the economy . Require nod of CCI CCI Competition Act, . To ensure Competition is not getting impacted 2002 Ministry of Corporate Affairs Statutory Body . No monopolistic tendencies MUDIT S MAGAZINE- UNACADEMY

CHALLENGES MAY DAMPEN GLEE OVER DEOCHA PACHAMI (THE HINDU, PAGE 14) Deocha Pachami coal block . Birbhum district . West Benga Earlier e Central Government- planning to allocate this mine to 6 states Now .Sole right of mining . West Bengal MUDIT'S MAGAZINE -UNACADEMY

Deocha Pachami 2nd largest coal mine in the world 2.1 Billion tons of coal Challenges . Coa I- 200-300 Meter below the Ba saltic rocks Utility of coal declining over the years- due to introduction of renewable energy . Technology- to be imported MUDIT'S MAGAZINE UNACADEMY

INSOLVENCY CODE: WHAT'S NEW (THE HINDU, PAGE 14) Insolvency and Bankruptcy Code, 2016 . Amended . By Ordinance route At par with creditors . At par with banks . Can initiate insolvency proceedings Home Buyers Against the builders Representation on the Committee-of-Creditors . Homebuyers Also, (COC) MUDITS MAGAZINE-UNACADEMY

Voting Share changed Now . Earlier-for every . Hiring a professional decision for insolvency-66% "75% voting required . Increasing the time limit from 18o days to 270 days-65% . Exiting from the Insolvency proceedings -90% -Rest all other-51% MUDIT'S MAGAZINE UNACADEMY

If a bank or any other financial institution Liked to the company in any way Wont be represented on COC MUDIT'S MAGAZINE UNACADEMY

RISE IN INDIA-ASEAN NAVAL GAMES (THE HINDU, PAGE 11) - India - Developing close military relation - South East Asia - Under Act East Policy - Multilateral and Bilateral naval exercises India-Indonesia - 2 types of exercises . 1-CORPAT-Coordinated Patrol (For anti-piracy) 2- Joint Naval Exercise Interoperability, training, counter-terror, simulating war like scenarios MUDIT'S MAGAZINE UNACADEMY

BANKIM IS BJP ICON IN BENGAL (THE HINDU, PAGE 10) Bankim ChandraBengali Author (19th Century) Anandmath (based on Sanyasi Rebellion) Vande Matram o Chattopadhyay . National Song 1882 (Year is important) . Written in Bengali (Language is important) MUDIT'S MAGAZINE UNACADEMY

NATIONAL ACHIEVEMENT SURVEY (INDIAN EXPRESS, PAGE 8) National Survey Students of10th . Conducted by NCERT . Government and Private Schools . Tested on 5 areas Maths Science English Modern Indian Language Social Science class MUDITS MAGAZINE UNACADEMY

Result Weakest Strong- English and Modern Indian Language Maths Science

INDIA REBELANCING TIES WITH PAKISTAN TO OPEN PATH TO EURASIA (THE HINDU, PAGE 1) India Rejected Belt and Road Initiative . Sovereignty issues . Passes through Pok No double standards (i.e. no differentiation between good and Terrorism bad terror) . Unified global effort under the umbrella of UN e Comprehensive Convention on International Terrorism (CCIT) to be signed at UN . Connectivity with Central Asia under SCO framework . Maintaining the trade rules and WTO regime MUDIT'S MAGAZINE UNACADEMY

BRITISH WOMEN CELEBRATE 100 YEARS OF RIGHT TO VOTE (THE HINDU, PAGE 18) 1918 . British Parliament . Representation of Right to Vote to Women . Above the age of 30 People Act Having property MUDIT'S MAGAZINE UNACADEMY

Some NATO troops Way forward Taliban Conclusion Still there in Afghanistan Both the sides willing to talk Persuade Pakistan to convince Taliban to come to the table Pre condition Why? . To train Afghan police For talks-no foreign troops should be there Strengthen Afghan forces and military MUDIT'S MAGAZINE -UNACADEMY

. Bad Bank / PARA (Public Asset Reconstruction Government of ndia Authority)/ Asset Reconstruction Company .Sunil Mehta panel has been created . To create a bad bank To reduce the twin balance sheet problem . Reduce the stressed assets of banks . Promote the capital of banks Increase the lending activity Twin Balance- sheet Problem Reduced credit growth .Less jobs . Low GDP MUDIT'S MAGAZINE-UNACADEMY

Where would the money come from ? To buy the loans of the banks . Ownership structure . Private Sector - already large Challenges of PARA number of ARCs .Why duplication of efforts owned . Strict vigil from CVC and CAG . Since it would be Government MUDIT'S MAGAZINE -UNACADEMY

Improve the governance structure of banks .Transparent procedure to appoint CEO and MDs Amend the Prevention of Corruption Act .Why? Way Forward . To give immunity to the bank workers from CAG and CVC . Due to this threat- no bold action Rather than mergers and acquisitions - more focus on governance Strengthen IBC