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

2 NEW PLUS COURSES . GS 2 and GS 3 (Starts 2oth 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 MCQs MUDIT'S MAGAZINE UNACADEMY

DUTY CUT ON OIL TO IMPACT FISCAL DEFICIT (THE HINDU, PAGE 13) Petrol and Diesel . Not under GST e They are subjected to If the Excise or VAT is cut Excise Duty - Central Tax . VAT-State Governments Fiscal deficit . Shortfall in the revenue MUDIT'S MAGAZINE -UNACADEMY

NEW AUTO POLICY EV TRANSFORMATION THE HINDU, PAGE 13) New Auto Policy Latest manufacturing and R&D Research Why? . To come out . After the coming Internal Combustion Engine Vehicles - 2000 spare parts EV-only 20 of electronic vehicles soon . Leave this news for now -when the policy would The spare part manufacturers come o- I'lI and supplier hardest hit analyze it MUDIT'S MAGAZINE-UNACADEMY

UNRAVELLING OF THE FINE PRINT OF IBC (THE HINDU, PAGE 14) Insolvency and Bankruptcy Code, 2016 . Amended by an ordinance 2018 (For previous amendment Mudit's Magazine -11th June 2018) . Promoters and Guarantors . Can now bid for the firm undergoing insolvency More amendments Earlier - they were not allowed . Now- Allowed MUDITS MAGAZINE-UNACADEMY

Who is a guarantor? . A person who g Cases Before the IBC, 2016 . Pending in different courts . Can be shifted to NCLT uarantees about the loan MUDIT'S MAGAZINE UNACADEMY

US-SOUTH KOREA TO ANNOUNCE SUSPENSION OF JOINT DRILLS (THE HINDU, PAGE 12) US and South Korea . Reduction in the As committed At the Singapore military exercises . Offensive summit exercises would come to an end . Routine exercises would continue MUDIT'S MAGAZINE UNACADEMY

SUICIDE BLAST KILLS 18 (THE HINDU, PAGE 12) Taliban Afghanistan Clash Refused to extend the ceasefire Again in the hands of violence Afghan Government Instability Taliban MUDIT'S MAGAZINE -UNACADEMY

PM RENEWS CALL FOR DEBATE ON SIMULTANEOUS POLLS (THE HINDU, PAGE 1) -Simultaneous Polls Terms of Reference for 15th Finance Commission Linking MNREGA to Agriculture and Allied Activities $5 Trillion Economy (only keywords. No update on them as of now. As soon as it is out, I'll analyze) MUDIT'S MAGAZINE UNACADEMY

CEASEFIRE END, OPS AGAINST J&K MILITANTS TO RESUME (THE HINDU, PAGE 1) The ceasefire declared - During Ramazan - Ended Why ? - Keeping in mind the Amarnath Yatra MUDIT'S MAGAZINE UNACADEMY

BATTLE READY: DHANUSH ARTILLERY GUN CLEARS FINAL TRIALS (THE HINDU, PAGE 7) Bofors upgraded Ready for induction Bofors Artillery gun Name of upgraded version : Dhanush Procured from Sweden Upgraded by: Ordnance Factory Board Indian Army For Indian Army 80% indigenous content 198os

REVISION MOCK QUESTIONS

. Solution- Mudit's Magazine-7th June, 2018 MUDIT'S MAGAZINE UNACADEMY

Question-2 Arrange the following places from north to south 1. Laamu Atoll 2. Male 3. Addu Atoll Choose the correct option a) 1,3,2 b) 2,3,1 c) 2,1,3 d) 3i2,1 MUDIT'S MAGAZINE UNACADEMY

Question-4 Consider the following statements about MCLR. 1. It is decided by RBI 2. It is revised on a quarterly basis. 3. It is less sensitive to Repo rate as compared to the Base Rate regime. Which of the above statement(s) is/are incorrect? a) 1,2 b) 2,3 c) 1,3 d) 1,2,3 MUDIT'S MAGAZINE UNACADEMY