Ashish Malik is teaching live on Unacademy Plus
NEWSLETTER- 18/02/2019 with ASHISH MALIK
GS Paper 3
Caught down the wire: Punjab?s blackbuck fight for existence o Blackbuck is Punjab's State animal o Stray cattle and dogs, barbed 'cobra' wire and changed Land use patterns o In 2019, so far, as many as eight blackbuck have died in the Abohar Wildlife spell trouble for the majestic state animal Sanctuar AWS), and a ma jority of them succumbed to their injuries, caused by barbed wires while trying to escape from stray dogs o Other unnatural reasons for blackbuck deaths include road accidents and falling into water storage tanks and concrete drains and habitat ragmentation due to change in Land use and cropping patterns over the past few years o The district administration has banned the sale and use of barbed wires, yet its use continues unabated in the sanctuary area
Abohar Wildlife sanctuary(AWS) o The Aws is an open sanctuary,spread across private land in 13 villages. The black buck was notified as the state animal of Punjab in 1989 and its presence in the State is confined to the AWS due to the unique habitat of semiarid plains consisting of agricultural fields,intermittent fallow barreh Lands, scattered sand dunes, sand mounds and ridges o In AWS, where land in mainly ousned by the Bishnoi communit there were 3,273 blackbuck according to the 2017 census, c ed jointly by the Punjab Bio diversity Board and the Department of Forest and wildlife Preservation, against 3,500 in the year 2011. o "While the government collects cow cess in the name of taking care of stray animals, the problem continues to grow."
MCQs Q. Blackbuck is not the state animal of: A. Andhra Pradesh B. Uttar Pradeskh C. Punjab D. Haryana
Inflation is tamed, but households dont o Identifying the reasons for the gap betseen perception and realulhy is crucial to indicabe infla tion) collapsed to 4.91% in the last five years think so inflation is well under control After averaging 10.4% in the five years from 2009 to 2013, CPI inflation for indus trial workers (the old mea sure of consumer price o CPI series flagged off in 2012 shows even more heartening trends. It shows that con sumerlevel inflation has stayed below 4% for 12 con secutive months now, nose diving to 2% in January 2019. o since 200s, the RBI has been conducting a statistical sur vey of inflation expectations of Indian households four or five times every year. It quizzes s,x0o selected res pondents from ig cities on their perception of current and future inflation rates when inflation was skyhigh at 10%, Indian hou seholds believed it to be 12% plus. Now, when it is at 2%, they still believe it to be at 8.3%. In effect the gap between actual inflation data and the Layman's perception of it has sharply widened
why the gap? o Researchers within and outside the RBI suggest that Indian household expectations of inflation tend to be 'adaptive.' That is, when asked about inflation rates or ex pectations, households base eir responses on past data, instead of sticking their neck out on how prices would move future. o Others critique the survey questions as being too complicated for Laymen to grasp. o Some flag the possibility that s,x00 respondents for this survey dont really represent a broad crosssection of the population. This can certainly be true, as RBI's survey is confined to urbatn respondents from 18 chosen cities while the CPI Combined captures the inftation experience ivn rural areas as well. A third and very likely possibility is that the actual spending patterns of Indian households now o Given that the current CPI series has 2012 as its base year, the weights that it as signs to different o Figuring out the reasons for the sidening gap betwseen perception and reality on consumer price bear very Little resemblance to the weights assumed in the CPI index. items of the household budget are based on spending patterns cap tured a good seven years ago. inflation, is important for a government keen to convince the electorate that it has succeeded ivn taming the inflation monster.
Inflation o In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation reflects a reduction in the purchasing power per unit of money - a Loss of real value in the medium of exchange and unit of account within the economy A chief measure of price inflation is the inflation rate, the annualized percentage change in a general price index, usually the consumer price index, over time. The opposite of inflation is deflation (negative inflation rate). Inflation affects economies in various positive and negative ways. The negative effects of inflation include an increase in the opportunity cost of holding money, uncertainty over future inflation which may discourage investment and savings, and if inflation were rapid enough, shortages of goods as consumers begin hoarding out of concern that prices will increase in the future. Positive effects include reducing unemployment due to nominal wage rigidity allowing the central bank more leeway in carrying out m encouraging loans and investment instead of money hoarding, and avoiding the inefficiencies associated with deflation. onetary policy
MCOS , which of the following are the likely effects of Inflation? o 1. An increase in the opportunity cost of holding money 2. Encourage investment and savings 3, Hording of goods 4. Reducing unemployment due to nominal wage rigidity Code: A. 2 and 4 B. 1, 3 and 4 C. 1 and 4 D. 1, 2 and 3