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19th April 2018 Part-3: Daily News Analysis
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Trans Himalayan corridor

Jatin Verma is teaching live on Unacademy Plus

Jatin Verma
Have appeared in UPSC CSE thrice. Have been taking Unacademy Plus courses Academics- Polity, Economics & Current Affairs.

Unacademy user
Manish Joshi
2 years ago
hey guys i have uploaded a course based on DAILY MOCK TEST SERIES FOR UPSC CSE PRELIMS 2018
hey guys I have uploaded a course based on DAILY MOCK TEST SERIES FOR UPSC PRELIMS 2018
hey guys I have uploaded a course based on DAILY MOCK TEST SERIES FOR UPSC PRELIMS 2018
I downloaded slide as pdf by using credit. please can anyone tell me where to find that downloaded slide?
uper jaha bookmark ka sigh h .uske paad .top of right ..settings k sign k paas
Satya Thakur
2 years ago
sorry...but mujhe samajh nahi aaya
sir,.pis tell me .......what type preparation need for punjab or any other state pcs exam ?
read previous year question paper and syllabus ..pre and mains ...u will difference between upsc(more analytical, dynamic) and other state PSC (more of static) hope u get it
Sir plz explain news... Instead of just reading it... Its a request sir
  1. For PDFs and other UPSC related material Searching for "jatin verma" EDUCATORS Facebook ID: jatinverma0509 Telegram Channel: jatinverma05 Jatin Verma Mahesh Verma unacademy

  2. want to be startin anses hoiag 2 but thh Important News Articles Taking Delhi/Noida edition as the bas<e Page 1: Make BCCI a public body: law panel Page 1: No pollution-reduction targets in Central plan y has ph Page 7 Nation News: National portal to share research facilities soon he * Page 7 Nation News: Minority institutions panel gets court relief reve Page 7 Nation News: Centre proposes relaxation of coastal regulation zone norms Page 7 Nation News: Olive Ridleys return for rare mass nesting Page 10 News: More to cash crunch than supply issues Page 10 Nation News: People have lost trust in banks: Chidambaram Page 11 News: Why stall Aadhaar, asks UIDAI Page 11 News: Modi and May resolve to reduce barriers Page 12 World News: China stresses on ties with Nepal, India Page 13 Business News: 'Bank credit: can't be business as usual' hink h causeb ferent a pu t stay Page 14 Business News: Design in India needs policy push, says ALL's Dasari

  3. want teo he starting Page 10 News: More to cash crunch than supply issues at th . The unusual cash crunch situation in several States has thrown up a conundrum, whether it is due to an unmet demand in cash supply or an unusual drop in the circulation of currency or due to high withdrawals that have dried up ATMs. pData related to cash in circulation and GDP growth shows that there are both supply and demand re he issues that have resulted in the cash crunch in some States Demand related issues: e Partly these issues are a consequence of the demand related issues that have lingered since demonetisation, exacerbated by specific local considerations related to elections. Partly, these are related to the government's desire to keep the cash-GDP ratio low, one of the justifications for demonetisation One argument that the government has used since demonetisation is that there has been a significant increase in digital transactions of money which has mitigated the need for cash in the economy . The RBI in its statement responding to the cash crunch issues, said that there was no shortage of currency and that there was sufficient cash to meet the demand. tis

  4. want teo he starting Page 10 News: More to cash crunch than supply issues at thh GRAPH-1 18,000 16,000 14,000 12,000 10,000 Source: RBI A look at cash in circulation in February 2018 shows that it has peaked, increasing steadily after hitting a trough in December 2016 (after demonetisation) [Graph 1]. The rise in cash use has resulted in an increase in the cash-GDP ratio to 10.7% in the present year from a low of 8.8% for FY 2016-17. But it is still lesser than the 11.6% before demonetisation. Currency in circulation (E bn p re 8,000 Oct. Dec. 2016 2016 Oct. Jan 2017 2018 e ar . A look at the growth rates in GDP and cash in ci every two years since 2012 [Table 1] shows that the latter has grown slower than the GDP rates hinting at a possible unmet demand in cash. k h TABLE-1 Source: CMIE, RBI Change Growth Growth in years in GDP in un (at market prices) currency . If the cash-to-GDP ratio did not precipitously decline due to the artificial withdrawal of cash during demonetisation and had remained more or less intact, the cash requirements should have been much higher for the economy. stay 2018-16 21.71 2016-14 22.53 25.71 2014-12 28.58 22.27 9.46 tis

  5. want teo he starting Page 10 News: More to cash crunch than supply issues at thh GRAPH-2 A look at PoS transactions shows that there has not been an appreciable growth. Combined with mobile wallet payments (which went up but remained low-Rs.131 bn), (Left axis) -POS amount ( mn) (Right axis) ATM withdrawal (E mn)Mobile wallet amount ( mn) (Right axis) 30 lakh 6 lakh This is not enough to mitigate the unmet cash demand. The economic affairs secretary, pointed to a slew of possible reasons, including the lack of adequate deposits of Rs. 2,000 due to hoarding . Hoarding could not only be a cause for the unmet demand but could also be a consequence of it, as people tend to hoard if they perceive that itt is difficult to access or withdraw money Despite the RBI's denial of a cash crunch, the Secretary's statement about printing new Rs. 500 notes suggests that there is indeed a case of an unmet demand in cash, which is acute in some States such as Karnataka, Andhra Pradesh, Telangana, Madhya Pradesh and Bihar The cash crunch seems a consequence of both demand and supply issues. te 20 lakh 4 lakh 10 lakh 2 lakh 0 0 July 2016 Jan. 2017 July 2017 Jan. 2018 tis

  6. want teo he starting Page 10 Nation News: People have lost trust in banks: Chidambaram at thh The former Finance Minister P. Chidambaram said that Cash Crunch could be a sign of "loss of confidence" in the banking system because of the bank scams Mr. Chidambaram said: He suspects ordinary people are withdrawing cash and not putting back into banks their surplus There is some loss of confidence in the banking system due to the bank scams. After demonetisation, govt printed Rs 2000 notes. Now, govt is complaining that Rs 2000 notes . cash. re he ATMs are still being re-calibrated even 17 months after demonetisation are being hoarded. Rs 2000 notes were printed only to help hoarders, he said. k h ent tis that

  7. want te be starting sa to Page 11 News: Why stall Aadhaar, asks UIDAI. at thh UIDAI said that it was better to improve Aadhaar rather than stall the scheme or make it "collapse". Appearing before a five-judge Constitution Bench led by CJI Misra, one of the senior advocate, Mr. Dwivedi said the Aadhaar scheme was meant to provide recognition, identity and dignity to rethe masses he. Senior advocate, Mr. Dwivedi said: Human beings want more and more recognition. It is much better to make it work improve it. Change can be brought to the rules. Aadhaar helps in the real world Nobody could say "I will choose my identity". Conditions of authentication for Aadhaar were not restrictions, but "regulatory conditions". Aadhaar was called "unique" because it had a pan-Indian appeal unlike other forms of local identities (i.e. ration cards) e ar k h ent Justice Chandrachud countered There should be a "choice of identities" available to citizens for them to access welfare and services. It could not be said that a person could be identified only through Aadhaar. The demand for a certain kind of identification, such as biometrics, should not exceed the objective of the purpose. Is where le

  8. want teo he starting at thh Justice A.K. Sikri, on the Bench, reminded that the main issue projected by the petitioners was not just about identities, but also the aggregation of personal data in a central storage system Justice Chandrachud said biometrics did not give information. But aggregation of biometric activities of a person might lead to the mapping of a person's life. reMr. Dwivedi said the UIDAI did not aggregate personal data and it was not possible to conceive a situation when authentication was done by only one requesting entity. Authentication, over a period of a person's life, would be done by many requesting entities e ar k h ent tis that en thec

  9. want teo he starting Page 11 News: Modi and May resolve to reduce barriers India and the U.K. have decided to build on the recommendations of a joint trade review to reduce barriers At a meeting with his British counterpart, PM Modi pledged that there would be no dilution in the at thh pimportance of the U.K. to India post-Brexit. He said India was ready to commence negotiations on he a free trade agreement based on "mutual benefit". re In an oblique reference to the cases of Vijay Mallya and Lalit Modi, the Mr. Modi discussed "consular issues including the issue of economic offenders" e ar k h ent The two sides also signed a statement of shared values, emphasising support for a "global Brexit and the potential to increase trade figured in discussions during the first of two bilateral u * Britain and India agreed to forge a new India-U.K. Trade Partnership, building on the trade outlook and commitment to a rules-based international system meetings, ahead of the Commonwealth Heads of Government Meeting. review carried out over the past year, focussing on life sciences, IT, food and drink . A U.K.-India Tech Partnership, and Research partnership was also agreed upon tis that

  10. want teo he starting The joint statement from the Prime Ministers read "We share a global outlook and commitment to a rules-based international system that strongly opposes unilateral actions that seek to undermine that system through force or coercion," U.K. PM offered reassurances that the transition period to leaving the EU, set for the end of 2020, Would give Indian firms and investors the visibility they needed up to this period The issues discussed also included: re e The chemical weapon attacks in Syria and Salisbury The release of the Chennai Six former British soldiers released by Indian authorities last year. e ar k h ent tis that

  11. thh China's Foreign Minister and State Councilor Wang Yi said (contd.): China can also provide conditions for an economic corridor connecting China, Nepal and India and it will contribute to the development and prosperity of all three countries . He pointed to Nepal's geography, its linkages with both China and India, as the basis of trilateral re he Nepal on its part wants to leverage its geographical advantage and connect China and India for greater development. And Nepal stands as a natural beneficiary from sound cooperation from China and India. China and India should supportt. Nepal and China had agreed to start a feasibility study for a cross-border railway linking the countries . nt. nd that

  12. want teo he starting Page 13 Business News: Bank credit: can't be business as usual' RBI Deputy Governor said (contd.): Observing that data showed a large number of borrowers, even some highly-rated ones, failing on at thh the 1-day default norm, Mr. Vishwanathan stressed that this had to change. re ean early warning indicator warranting immediate action If borrowers with ability to pay on the due date delay it routinely or because they see other arbitrage options, that must change too," he said e ar k h * Lenders needed to be proactive in monitoring their borrowers and being able to identify financial stress using a combination of leading indicators and renegotiation points in the form of loan covenants rather than waiting for a borrower to default "The new resolution framework seeks a fundamental change for the better in the behaviour of lenders and borrowers, for it can't be business as usual," he said tis that en thec