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Monthly DNA
21 Dec, 2019
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Syllabus subtopic: Role of women and women's organization, population and associated issues, poverty and developmental issues, urbanization, their problems and their remedies.
Prelims and Mains focus: about National Population Register (NPR), its significance and the controversy around it
News: THE CPI(M)-led government in Kerala on Friday ordered a ‘stay (on) all the activities connected with the updation of National Population Register (NPR) in the state forthwith’.
About National Population Register (NPR):
Objectives:
The objective of the NPR is to create a comprehensive identity database of every usual resident in the country. The database would contain demographic as well as biometric particulars.
Source: Indian Express
Syllabus subtopic: Bilateral, regional and global groupings and agreements involving India and/or affecting India's interests
Prelims and Mains focus: about Industrial Security Annex and its significance in Indo-US relations, 2+2 dialogue
News: India and the US have concluded the Industrial Security Annex agreement, which will facilitate collaboration between defence industries by supporting the secure transfer of key information and technology.
Industrial Security Annex
Indo-US 2+2 dialogue
Other agreements signed during the 2+2 dialogue are
The tough task at hand
India and the US have concluded an important defence pact, and have called for Pakistan to act against terrorism. While these are positive outcomes, the two sides tried to underplay the lack of progress on the trade deals and the concern in Washington on the recent political turmoil. Delhi and Washington have a tough task at hand to keep their ties from not being affected by these challenges.
Source: Indian Express
Syllabus subtopic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.
Prelims and Mains focus: About Operation Twist and its significance; RBI: structure and functions
News: The yield on the 10-year government bond fell 15 basis points on Friday, its steepest fall in two months, after the Reserve Bank of India (RBI) conducted a special open market operation—simultaneously buying long tenor bonds and selling short-tenor government bonds—dubbed ‘Operation Twist’ by the market.
Background
The concept was drawn from US Federal Reserve’s Operation Twist which was announced in September 2011 and ran through end-2012 to make long-term borrowing cheaper and spur bank lending. The Fed had swapped short-term bonds for longer-term debt. The policy was effective as the term premium dropped to a low of 33 bps in mid-2012, from around 70 bps.
Objective of Operation Twist
The simultaneous sale and purchase operation has a two-pronged objective:
The yield on the 2029 benchmark bond fell as much as 15 bps to 6.604%, the steepest fall since 9 October. While the yield on the 14-year government paper slid 20 bps, the yield on the 2020 bond jumped 5 bps. One basis point is a hundredth of a percentage point.
The RBI on Thursday said it will purchase Rs.10,000 crore of the 10-year benchmark bonds, and sell an equal amount of debt maturing in 2020 through an auction on 23 December, making Operation Twist liquidity-neutral.
Significance of the move
Way ahead
Analysts will now await the Union budget to see if the government is able to meet its fiscal deficit targets.
While the current operations of the RBI may temporarily start reining in term spreads, the government also needs to actively court foreign capital to part-finance its deficit, at least in the near term. This can be rule-based to avoid risk of excesses, but must be done for now given the stark paucity of domestic savings.
About RBI
Hilton Young Commission
Hilton-Young Commission was the Royal Commission on Indian Currency and Finance set up by British Government of India in 1920s. In 1926, this commission had recommended to the government to create a central bank in the country. On the basis of mainly this commission, the RBI act was passed.
Headquarters of RBI
Original headquarters of RBI were in Kolkata, but in 1937, it was shifted to Shahid Bhagat Singh Marg, Mumbai.
Source: mint
Syllabus subtopic: Science and Technology- developments and their applications and effects in everyday life Achievements of Indians in science & technology; indigenization of technology and developing new technology.
Prelims and Mains focus: About Pinaka missile system and its role in India’s defence system
News: India successfully conducted test firing of the indigenously developed Pinaka missile system for the second consecutive day on Friday from the Integrated Test Range at Chandipur off the Odisha coast.
Both the missiles were fired to engage a target located at 20-kilometre range and high accuracy was achieved.
About Pinaka missile system
About DRDO
Source: The Hindu
Prelims and Mains focus: on the recent amendment and its objective; on SEZs and its significance in boosting India’s economy
News: The Ministry of Commerce and Industry on Friday amended the existing legal framework for special economic zones (SEZ) in India, in a move expected to make it easier to attract investments and boost exports.
About the amendment
Background
About SEZs
Source: The Hindu
India should be wary of middle-income trap Syllabus subtopic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment. Prelims and Mains focus: about Middle Income Trap; why is India facing it; about GNI News: Many ec
Industry asks govt to boost private investments to kick-start growth Syllabus subtopic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment. Prelims and Mains focus: about the key takeaways from the meeting; suggestions given by various
indo-Russian military exercise concludes Syllabus subtopic: Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests. Science and Technology- developments and their applications and effects in everyday life Achievements of Indians i
US President Donald Trump's impeachment Syllabus subtopic: Comparison of the Indian constitutional scheme with that of other countries Prelims and Mains focus: the process of impeachment of US President and its comparison with the process for Indian President’s impeachment &n
Syllabus subtopic: Conservation, environmental pollution and degradation, environmental impact assessment Prelims and Mains focus: About the relocation plan; About Indian rhinos and threat to their survival; WII News: The Uttarakhand State Wildlife Board has cleared a propo
Syllabus subtopic:. Role of women and women's organization, population and associated issues, poverty and developmental issues, urbanization, their problems and their remedies. Government policies and interventions for development in various sectors and issues arising out of their design
RBI plans ‘Operation Twist’ in desi avatar Syllabus subtopic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment. Prelims and Mains focus: about Operation Twist and its significance; G-secs: types; Open market operati
Syllabus subtopic: Government policies and interventions for development in various sectors and issues arising out of their design and implementation. Prelims and Mains focus: about the key changes sought by the draft NSC bill, its significance; about NSC News: Stating the
Disinflation may be a concern for India in the new year Syllabus subtopic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment. Prelims and Mains focus: on CPI and WPI, disinflation, stagflation and their role in determining e
In a first, GST Council votes on tax proposal as consensus collapses Syllabus subtopic: Statutory, regulatory and various quasi-judicial bodies. Government policies and interventions for development in various sectors and issues arising out of their design and implementation. Indian Ec
Syllabus subtopic: Functions and responsibilities of the Union and the States, issues and challenges pertaining to the federal structure, devolution of powers and finances up to local levels and challenges therein. Prelims and Mains focus: about the Mahadayi Project and its significance
Syllabus subtopic: Functions and responsibilities of the Union and the States, issues and challenges pertaining to the federal structure, devolution of powers and finances up to local levels and challenges therein. Prelims and Mains focus: about the key issues raised by the states in th
India-Bangladesh technical talks on sharing of river water cancelled Syllabus subtopic: India and its neighbourhood - relations. Prelims and Mains focus: about Indo-Bangladesh Joint River Commission and its significance; rivers shared by India and Bangladesh News: The India-Bangladesh Joint
Syllabus subtopic: Important International institutions, agencies and fora, their structure, mandate. Prelims and Mains focus: about the first global refugee forum and its significance; the refugee crisis around the world and its consequences, about UNHCR News: Stressing th
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