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8th June, 2018 - Mudit's Magazine (Part 3)
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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

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  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. FDI DECREASED TO $40 BILLION (INDIAN EXPRESS, PAGE 19) Highlight . UN Conference Uncertainty in global trade rules on Trade and Development UNCTAD . Global FDI . Risks to reduced "2390 globalization World Investment Report, 2018 Major reason MUDIT'S MAGAZINE DEMY


  5. India 2016- $44 Billion 2017 $40 Billion Decline Decline in FD Impact developing nations more Developed nations are less impacted MUDIT'S MAGAZINE UNACADEMY


  6. 12% GST ON RENEWABLE ENERGY CERTIFICATES (INDIAN EXPRESS, PAGE 19) Renewable energy Power Purchase Agreement Renewable Energy Certificate . Sold in the market in . Traded at energy Between the Generator and the DISCOM exchanges . Sold to private players and companies 2 ways . By the power generation companie.GAZINE-UNACADEMY


  7. Why in news? o 12% GST . Applicable on trading of Implication Renewable energy would become costly Renewable energy certificate MUDIT'S MAGAZINE UNACADEMY


  8. TRUMP TALKS TOUGH AHEAD OF G7 MEETING (INDIAN EXPRESS, PAGE 19) G7 meeting Issues to be discussed Quebec, Canada . Tariff regime of US e Growing isolationism of US Inward looking policies . Exit from Paris and Iran Nuclear Deal MUDN S MAGAZINE UNACADEMY


  9. AIR INDIA LOOKS FOR RS.1000 CRORE SHORT TERM LOANS (INDIAN EXPRESS, PAGE 20) . Government has decided Air India Strategic Disinvesmenta Privatization of Air India . No bids 1000 Working capital Crore requirement MUDIT'S MAGAZINE -UNACADEMY


  10. 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


  11. 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


  12. 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


  13. 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


  14. 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


  15. 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


  16. Role of India (Mains point of view) CooperationResponsible with the regional power neighbors Training of election commission officials Education in democracy Largest democracy of the world Restructuring of democratic institutions Respect for Freedom of Speech and Expression MUDIT'S MAGAZINE -UNACADEMY


  17. GHANI ANNOUNCES TRUCE WITH TALIBAN (THE HINDU, PAGE 12) Ashraf Ghani To promote Afghanistan Taliban peace . President of Afghanistan . Backed by Pakistan Ashraf Ghani Ceasefire against Taliban . Theatre of terror activities IS, Taliban and other splinter groups No attacks on Taliban groups by police or army MUDIT'S MAGAZINE UNACADEMY


  18. Implication . One sided ceasefire e Political move to promote Way forward . To be seen whether Taliban would agree or not peace . A signal that Afghanistan wants peace MUDIT S MAGAZINE- UNACADEMY


  19. 10-YEAR BOND YIELDS FALL JUST SHORT OF 8% (THE HINDU, PAGE 13) RBl increased the Repo Rate (Refer: Mudit's Magazine7th June, 2018) Inflationary expectation Inflation may rise Bond prices go down When inflation goes up Government Bonds Why? MUDITS MAGAZINE UNACADEMY


  20. 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


  21. Estimate Benefit? . If women . Reduce gender disparity in start- ups participation is increased equal to men . Promote women . Indian economy could add $3 Trillion by 2025 participation MUDIT'S MAGAZINE UNACADEMY


  22. 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


  23. 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


  24. Commemorative Stamps issued . Oliver Tambo Deen Dayal Upadhyaya Who was Oliver Tambo? . Anti-apartheid leader . President of African National Congress MUDIT'S MAGAZINE UNACADEMY


  25. To prevent owrongful removal Signed -1980 Enforce - 1983 India . Or to return the Not a signatory to the Convention child back . Hague Abduction Convention MUDIT'S MAGAZINE -UNACADEMY


  26. 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