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25th June, 2018 - Mudit's Magazine (Part 2)
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Mudit Gupta
B.Tech. (ECE), LAMP Fellow (2015), Quora Top-Writer, 2018 and AIR 76 DU LLB Entrance Exam, 2016

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we were waiting ma'am thank you
sir 86 member states are part of it.... not 86😵....
sir 86 member states are part of it not 83

  2. 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. AIIB TO INVEST $200 MILLION IN NIIF TO BOOST INFRA PROJECTS (INDIAN EXPRESS, PAGE 12) AllB Infrastructure financing institution 83 members 2016 . Beijing China India . Second largest e Largest shareholder of AllB MUDIT'S MAGAZINE -UNACADEMY

  4. AllB gives funds only to Asian nations? India Why in news? Largest recipient of funds from AllB AllB giving $200 MN more to India Yes $1.2 Billion 6 projects Egypt is an exception NIIF MUDIT'S MAGAZINE -UNACADEMY

  5. BANKS POISED FOR GROWTH NOW, SAYS GOYAL (INDIAN EXPRESS, PAGE 12) RBl Result Resolution of NPAs . Greater credit . Carried out the Due to NPAs Banks- High NPAs Asset Quality Review (2016-17) e Government took several steps No credit lending to businesses . Unearthed large . For the resolution and funding number of NPAs- that were hidden of NPAs MUDIT'S MAGAZINE -UNACADEMY

  6. SAGARMALA PRO3ECT (INDIAN EXPRESS, PAGE 12) Why? 90% stake in IPRC Indian Port Rail Corporation . To connect ports with theMajor Ports rail To promote logistics . Reduce the transportation cost . Promote Port-led development Special purpose vehicle . Developed under the Companies Act, 2013 MUDIT S MAGAZINE- UNACADEMY

  7. FIU FORWARDED OVER 65K REPORTS IN FY18, THE HIGHEST EVER (INDIAN EXPRESS, PAGE 12) Financial Intelligence Unit e Ministry of Finance e Body-collects, analyzes What kind of data ? .Suspicious data Related to Money LaUndering and Terror Financing process and transfer the data To whom the data is transferred? e Investigating agencies . To ascertain the transaction MUDIT'S MAGAZINE-UNACADEMY

  8. A body Formed by the notification of the Government of India Not a statutory body . Not a regulatory body Why in news? . Highest ever suspicious . 65,000 + They would be investigatedtransactions reported in 2017-18 UDIT'S MAGAZINE-UNACADEMY

  9. GOVERNMENT TESTING BIG DATA SYSTEM TO AID BANKS ASSESS CREDIT RISK (THE HINDU, PAGE 13) Current loan disbursing scenariO Government Purpose Based upon the judgment of the bank manager Coming up with a new data Using the data analytics systems Banks can assess the risk associated with default and fraud NPAs and stressed assets Based upon big data analysis MUDIT'S MAGAZINE -UNACADEMY

  10. CHINA CUTS SOME BANK'S RESERVE REQUIREMENTS TO BOOST LENDING (INDIAN EXPRESS, PAGE 12) How ? . Labour cost Implication . This move would . Pump in the China's banks Why? increasing - trade reducing reducing trade reducing trade . Reduced the . To increase the reserve . Debt problem- growth liquidity in the country requirements US Trade war- MUDIT'S MAGAZINE UNACADEMY

  11. WAR, WINE AND WONDERS:A RACE TO UNESco HERITAGE LIST THE HINDU, PAGE 18) Auschwitz Hiroshima Prosecco Hills . Poland North West Italy UNESCO World Heritage Sire Site of Jewish holocaust By Nazi Germany UNESCO World Heritage Site . Famous for sparkling white wine Considered for UNESCO World Heritage Site

  12. Belize Barrier Reef . In the list of sites at risk Belize Barrier Reef- at Vintage and Art Deco type architecture . Found in Mumbai risk -due to oil exploration from Reef MUDIT S MAGAZINE- UNACADEMY

  13. INDIA CUTS EXPORT QUOTAS FOR MALDIVES (THE HINDU, PAGE 1) . Bilateral agreement for essential commodities 1981 . India exports essential commodities to Maldives . Sends a list of required items every year Maldives . India exports them . No list sent by Maldives . Calculated the average of last three years 2018 India - to comply with the agreement . And now that new figure would be exported MUDIT'S MAGAZINE-UNACADEMY

  14. YOG AAYOG TO BE CONSTITUTED (THE HINDU, PAGE 6) Yog Aayog . A department To look after yoga . To be created in Haryana st 1 . Chattisgarh 2nd State MUDIT'S MAGAZINE -UNACADEMY

  15. AFTER A LULL, MONSOON REVIVES OVER GUJARAT (THE HINDU, PAGE 7) Implication Why? . Due to lack of low . Rainfall deficit in northern part . Delay in sowing rainfed crops Arabian Sea pressure over Arabian Sea Pulses and Oilseeds Branch South West Monsoon Delayed MUDIT'S MAGAZINE UNACADEMY

  16. SMART CITIES MISSION DRAWS FLAK (THE HINDU, PAGE 7) Displacement of Marginalized sections In name of development and beautification Lack of uniform distribution of funds Too much to be spent on too small area Selection of Exclusionary Not logic based Biased area CADEMY

  17. INDIA LAUDS MONGOLIA'S THIRD NEIGHBOUR POLICY (THE HINDU, PAGE 11) Mongolia Mongolia- 'Third Neighbour Policy Land locked country Surrounded by Russia and China Develop close relations With countries other than China and Russia MUDIT'S MAGAZINE UNACADEMY

  18. IN A FIRST, UAE MINISTER TO MEET CHIEF MINISTERS (THE HINDU, PAGE 11) Areas of Cooperation . Energy . Mars Mission of UAE (Collaborating with UAE foreign minister . India visit ISRO) sovereign funds-NIIF (Yemen and Indian UAE has invested . Security cooperation Ocean Region) MUDIT'S MAGAZINE-UNACADEMY