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Monthly DNA
12 Oct, 2019
12 Min Read
Paper | Topics | Subject |
---|---|---|
GS-II | The policy way out. | International Relations |
GS-III | Delhi diplomacy to fight disaster. | |
Elastocaloric Effect | ||
What PMC means. | Economic Issues |
News
India is in the middle of a sharp growth slowdown. The debate surrounding the slowdown is whether it is a cyclical downturn or a structural correction. Diagnosing the problem is key for devising policy responses.
Slowdown
The slowdown is structural – Oil imports
Structural slowdown – investment demand
Sovereign bonds:
Way ahead:
The government should revisit the appointments process to key technical and regulatory bodies.
Functions like monetary policy, banking supervision, data collection and dissemination, the audit of government financial accounts need to be independent of government direction.
Source: Indian Express
GS-III: Delhi diplomacy to fight disaster.
News
While speaking at the UN Secretary General’s Climate Action Summit PM Modi had announced the launch of the Coalition for Disaster Resilient Infrastructure (CDRI).
Coalition for Disaster Resilient Infrastructure:
Need to protect infrastructure:
Moving away with basic infrastructure:
International Forum:
CDRI and Belt Road Initiative:
CDRI and Solar Alliance:
Source: Indian Express
GS-III: Elastocaloric Effect.
News
Elastocaloric effect
How it works?
Efficiency:
Source: Indian Express
News
In at least three of the major financial sector scams in the last couple of months in India, featuring Punjab National Bank, IL&FS, Punjab and Maharashtra Cooperative Bank, apart from poor governance and fraudulent practices, a common thread has been a supervisory failure.
Supervision
Cooperative banks & Credit delivery:
Regulation – RBI
Source: Indian Express
GS-III: Going down together. News The world must heed the IMF warning that everyone loses in a trade war. The IMF has some words of advice for global leaders on how to resuscitate the faltering global economy. Going down together: IMF new Managing Director Kristalina Georgevia sin
GS-II: It is still an amber light for road light. News The Motor Vehicles Amendment Bill , 2019 passed by the Lok Sabha on 23 July and Rajya Sabha on 31 July has 63 clauses with the aim of reducing road traffic fatalities and injuries in India. ‘MOTOR VEHICLES (AMENDMENT) BILL 20
Techno-Politics: Focus on China’s facial recognition technologies. Context The new round of US sanctions against China has turned the light on surveillance technologies including facial recognition that gained much traction in recent years. US sanctions on Chinese tech companies
GS-II: Assam tea estates violating labour laws. News A report by Oxfam a confederation of independent charitable organisations focussing on the alleviation of global poverty has flagged violation of labour rights on the tea estates of Assam. Key Findings Extremely Low Wages:
GS-III: GEMINI system to aid fisherman. News To avoid communication blackouts that led to 20 fishermen going missing in the aftermath of Cyclone Okchi in 2017, a slew of government departments, research agencies and private companies have developed GEMINI. GEMINI: GEMINI is a port
GS-III: Nobel Prize in Chemistry: for Lithium ion battery. News This year’s Nobel Prize in Chemistry recognizes the rechargeable lithium-ion batteries that power most of the portable devices that we use, such as mobile phones and more recently the e-vehicles. The prize has been given
1,300 stories of Mahabalipuram’s China connection. Context Mahabalipuram or Mamallapuram where PM Modi will meet China’s President Xi Jinping on October 11 & 12 in an informal Wuhan-style summit, had ancient links with Buddhism and China through the maritime outreach
GS-II: For a happy childhood. News India requires multiple interventions to prevent mental health disorders among adolescents. With over 18% of India’s population aged 10-17 the future f the country will be driven by this segment. The government has introduced many initiatives
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