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8th June, 2016 - Mudit's Magazine (Part 6)
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Mudit Gupta is teaching live on Unacademy Plus

Mudit Gupta
B.Tech. (ECE), LAMP Fellow (2015), Quora Top-Writer, 2018 and AIR 76 DU LLB Entrance Exam, 2016

Unacademy user
really loved your work
You have made economics an interesting topic for me. Thank you. Pls don’t stop this series ever.
please don't use Hindi in between sir I can't understand
is mclr interest for different time period in proportion or different?
very good bhai....keep it up
  1. MUDIT' s MAGAZINE (MM) By: Mudit Gupta

  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. 3 NEW PLUS COURSES . Re. 1 Course Fiscal Policy of India (To be launched by 8th June) GS 2 and GS 3 (Starts 20th 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 MCOs MUDIT'S MAGAZINE UNACADEMY

  4. MORE BANKS FOLLOW PEERS IN HIKING MCLR (INDIAN EXPRESS, PAGE 20) What is MCLR?Introduced by RB MCLR Marginal Cost of Funds based Lending Rate Replaced Base Rate System 2016 MUDIT'S MAGAZINE-UNACADEMY

  5. MCLR . Reviewed and published . Every month . By banks Minimum rate . Below this . No loan can be given by the banks . Internal benchmark MUDIT'S MAGAZINE UNACADEMY

  6. What is tenorDifferent linked rate ofMCLR rates MCLR MCLR are calculated Overnight interest? Weekly Fortnightly Monthly Quarterly Yearly Tenor linked rate of interest It means it is linked to time For different maturities UN

  7. MCLR depends upon the following factors Marginal Cost of Funds . Return on Assets Negative Carry of CRR Operating Cost . Tenor Premium What is Tenor Premium? MCLR different for different maturities . As your maturity reduces - you can shift the bucket e To shift the bucket- a charge is levied . Tenor Premium MUDIT S MAGAZINE- UNACADEMY

  8. SHORT TERM SUBSIDIZED CROP LOAN VIA DBT INDIAN EXPRESS, PAGE 20) Short term crop loans to farmers What are the GovernmentWhat is ISS conditions for ISS? Loan - Up to Rs. 3 Lakh (If value of loan is more than Rs. 3 Lakh, no ISS) Usual rate of interest-796 Interest Subvention Scheme (ISS) Scheme to give interest subsidy to farmers Regular repayment of loan UNACA

  9. If both the conditions satisfied e Interest subsidy Why in news? . Interest subsidy . DBT (Direct 3% Benefit Transfer) Effective interest rate- 73%-4% MUDIT'S MAGAZINE -UNACADEMY

  10. MYSTERY GROWS AS US WORKERS IN CHINA FALL ILL (THE HINDU PAGE 12) US diplomats and their families . Attacked with Impact? . Brain injury . Nausea. . Hearing loss . Headache Where? 2016 Cuba . 2018-China odd sound MUDIT'S MAGAZINE UNACADEMY

  11. DEMOCRACY IN THE NEIGHBOURHOOD In a pre-election Pakistan (Indian Express, Page 16) BNP seeks India's help for free and fair polls (The Hindu, Page 12) MUDIT'S MAGAZINE UNACADEMY

  12. 2 Major parties Bangladesh Bangladesh National Party . Chief- Khalida Zia (She is currently jailed) Main opposition party (Just like Congress is the main opposition party of India) Majority party Awami Leaque . Sheikh Hasina - Leader and Prime Minister General elections in Bangladesh . December 2018 BNP Requesting India to conduct free and fair elections in India Accusing Sheikh Hasina to establish Single Party Rule MUDITS MAGAZINE-UNACADEMY

  13. Pakistan Army General Elections 25thStrict July Those who are criticizing the Army Crack down Arrest Torture Threats crackdown Strong Military Media Houses, Journalists, Social Media Accounts Iwin power centers MUDIT'S MAGAZINE -UNACADEMY

  14. On occasion of . Confidence . To promote peace EID . Operations Why this ceasefire against other groups building measure However . Such as ISIS and stability and bring Taliban to the negotiation table They would continue MUDIT'S MAGAZINE -UNACADEMY

  15. Earlien Now Inflation-4% Interest on Bond-7% Net profit 3% Inflation-6% Interest on Bond is same-7% Net profit = 196 With the rise in inflation . Bond prices fall MUDIT'S MAGAZINE UNACADEMY

  16. Whenever you hear "Bond Yield in increasing" Whenever you hear "Bond yield is decreasing" Inverse relation Shortcut Implication If bond yield is falling Economy is in a healthy state positive It means prices are going down It means bond prices are going up Betweern yield and bond price If bond yield s increasing Economy is in a bad shape - negative

  17. UN INDIA BUSINESS FORUM, NITI AAYOG FORM CONSORTIUM TO HELP WOMEN ENTREPRENEURS THE HINDU, PAGE 14) UN India Business Forum NITI Aayog Consortium Why ? To promote women entrepreneurship . Providing mentorship . Marketing network . Financial assistance How? Skill training in entrepreneurship MUDIT'S MAGAZINE -UNACADEMY

  18. DAC APPROVES PROCUREMENT OF RADARS (THE HINDU, PAGE 11) Defence AcquisitionRadars Council . Headed by Defence Air Cushion vehicles 360 Degree surveillanceFast speed vehicles without mechanical rotation of antenna . Allows fast movement over shallow water swamps, sand bank Minister e Low maintenance . Approved procurement of 2 defence equipment . Those areas where boat can't move MUDIT S MAGAZINE- UNACADEMY

  19. A JOURNEY TO MARK AN INFAMOUS EVENT (THE HINDU, PAGE 11) Travelled by train to Peitermaritzburg What is Peitermaritzburg Sushma Swaraj On a visit to South . It is a station where Gandhi was thrown out of a train Why? Because he was travelling in a Africa Whites Only' compartment . 1893 125 years ago MUDIT'S MAGAZINE UNACADEMY

  20. INDIA NOT READY TO SIGN THE HAGUE TREATY (THE HINDU, PAGE 11) What is Hague Abduction A treaty to prevent Wrongful removal of a child from the custody of one of the parent Treaty? . By the other parent Due to bad marriage Example: Due to bad marriage -a father leaves the country along with his son/daughter . Without the knowledge or consent of their mother . Wrongful removal MUDITSMAGAZINE - UNACADEMY

  21. Hague Abduction What is HCCH Hague Abduction Convention . Drafted by Convention . Inter- .Applicable- Children below the age of 16 governmental organization . Netherlands . 83 Members . India is also a Years Hague Conference on Private International Law (HCCH) member MUDIT S MAGAZINE- UNACADEMY

  22. NGT TELLS TANNERIES TO PAY UP FOR TREATMENT PLANTS (THE HINDU, PAGE 6) Tanneries Factories that deal with animal skin Hub of tanneries in India In and around Kanpur Bank of river Ganga Tanneries generate tremendous amount of waste Mainly chromium Discharged in the river What is the issue? This waste is not processed MUDIT'S MAGAZINE-UNACADEMY

  23. 25% of the total cost . To be paid by the tanneries | National Gre e n Tribunal Ordered . Treatment plants would be set up in Kanpur MUDIT'S MAGAZINE UNACADEMY

  24. SOLUTION TO SIMLA WATER CRISIS SOON (THE HINDU, PAGE 6) . Koldam Dam - Bilaspur & Mandi Himachal Pradesh Satluj River MUDIT'S MAGAZINE UNACADEMY