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23rd August - The Hindu Editorial - Part-1(in Hindi)
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Subhodeep Das is teaching live on Unacademy Plus

Subhodeep Das
VIT University graduate with Mechanical , Appeared in UPSC Mains with Geography Optional . 4+ yr. Teaching Experience

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  1. THEDU EDITORIAL DISCUSSION 23rd August THE HINDU


  2. Geography NCERT Geography NCERT The Earth: Our Habitat MAINS ANSWER WRITING Our Environment For IAS / UPSC Class-7 Class 6 By Subhodeep Das By Subhodeep Das By Subhodeep Das (Hindi) NCERT Geography -Class7 (Hindi) NCERT Geography - Class 6 (Hindi) GS Answer Writing Practice for UPSC and IAS.. Specturm Beek World Straits Geography Optiona HUMAN GEOGRAPHY Chapter 2 argrted Students UPSC/IAS State PCS MODERN INDIA Models, Theories and Laws UPSC /I 5sc State in Human Geography By Subhodeep Das By Subhodeep Das (Hindi) Major Straits of World By Subhodeep Das Religious & Social Reform Movements Modern Indian History... (Hindi) Models, Theories and Laws in Human Geography UBHODEEP


  3. THEDU EDITORIAL DISCUSSION 23rd August THE HINDU


  4. From Ithaca: On Greece's exit from bailout Tilting at windmills Pulling back from the brink As Greece celebrates its exit from bailout plans, its creditors must chip in S. UBHODEEP


  5. Bulgaria Macedonia Albania Northern Aegean Turkey Mainland Greece Sporades Aegean Athens Peloponnese Argo-Saronic Islands Cyclades Dodecanese Crete GREEK ISLAND GROUPS UBHODEEP


  6. Greek Prime Minister Alexis Tsipras chose Ithaca, home to Odysseus, the protagonist of Homer's epic, and the place to which he returns after a decade of being lost at sea, to announce the end of Greece's "modern-day Odyssey Story of a warrior The country has exited its third and final bailout since 2010, having borrowed 289 billion ($330 billion) from a 'troika' of lenders, the IMF, the European Commission and the European Central Bank, over a period of eight years in order to retrieve itself from the brink of financial collapse. Yet the path is far from clear and the road is long. UBHODEEP


  7. How? In return, Greece undertook structural reforms, submitting itself to a controversial and painful austerity programme. The economy shrunk by a quarter, unemployment was at 28% (50% for those under 25 years of age), government spending was slashed as were salaries and pensions, hundreds of thousands of Greeks emigrated and a third of the country fell into poverty. of greeks emigrated and Greece owes a staggering 180% of GDP in debt. There are concerns that they will constrain Greece's ability to grow and pay off its debt S. UBHODEEP


  8. Greece's Eurozone creditors agreed in June to a softening of debt repayment terms, including extended maturity periods, delayed interest payments and buffer funds to stabilise and ease the country's re-entry into financial markets. UBHODEEP


  9. Need: Also, as part of the bailout conditions Greece will need to maintain a 3.5% primary surplus (a budget surplus prior to interest payments) until 2022 and then around 2% until 2060. It is especially challenging for a country that has just emerged from a decade of economic strife and austerity and has an ageing population. Greater flexibility in the labour market, simplified licensing processes for companies and banking reforms to help clean up the non-performing assets on banks' balance sheets UBHODEEP


  10. The tax system will have to be reorganised so the tax base is widened and the bulk of the tax burden does not fall on the middle class IMF has cautioned that Greece is at risk of getting stuck in a debt trap with onerous surplus conditions having to be maintained. These conditions imply restraints on government spending programmes that could, for instance, be used to stimulate growth UBHODEEP


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