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ARTICLES

ARTICLES

ARTICLES

As per the United States Trade Representative’s report, while India made meaningful progress to enhance IP protection and enforcement in some areas, it is blamed for not having resolved recent and long-standing challenges.Hence India continues to be on the ‘Priority Watch List’ of the United States Trade Representative (USTR) for lack of adequate intellectual property (IP) rights protection and enforcement as per , the USTR’s Annual Special 301 Report 2020.India remained one of the ... Read More...

  May 22, 2020   Current Affairs

The government has proposed to offer collateral-free loans to MSMEs which will be fully guaranteed by the Centre. There will be a principal repayment moratorium for 12 months and the interest rate will be capped and there will be no guarantee fee.All MSMEs with a turnover of up to ₹100 crore and with outstanding credit of up to ₹25 crore will be eligible to borrow up to 20% of their total outstanding credit as on February 29, 2020.  Read More...

  May 22, 2020   Economy

The World Health Organization has condemned the “dangerous” concept of herd immunity for managing the coronavirus pandemic.As per WHO it is wrong to think that countries can “magically” make their populations immune to novel coronavirus.The concept of herd immunity is generally used for calculating how many people will need to be vaccinated in a population in order to protect those who are not vaccinated.One need to be careful while using terms in this way around natural infections in humans because it can lead to a very brutal arithmetic which does put people’s life at stake.It is believed that as greater proportion of people are getting... Read More...

  May 23, 2020   Health

1. One of the key announcements of Union Finance Minister concerning the civil aviation sector has been the announcement on MRO (maintenance, repair and operations).2. In the business, manufacturing and supply chain areas, the MRO acronym stands for maintenance, repair and operations.3. It can also refer to the similar maintenance, repair and operating supplies.4. A competitive Indian MRO industry would help local airlines reduce expenses on such works which are currently done mostly overseas.5. India is one of the fastest-... Read More...

  May 23, 2020   Current Affairs

What is a business cycle?A business cycle refers to periods of expansion or recession. During expansions, the economy is growing. It has indicators like employment, industrial production, sales, and personal incomes. The indicators are on a rising trend. During recessions, the indicators decrease. Decreasing indicators show that the economy is contracting. What indicates that the Indian economy currently is in a slowdown?The country's economy is showing signs of slowdown, with hi-frequency indicators... Read More...

  May 27, 2020   Economy

How did it start?After the Arab Spring uprising in 2011, President, Ali Abdullah Saleh handed over power to his deputy, Abdrabbuh Mansour Hadi. Hadi could not control the country well. Who are the Houthis and which country is allegedly supporting them?The Houthi movement of local Shias took advantage of the new president's weakness and occupied some areas and took over Sanaa. Read More...

  May 27, 2020   International Relations

What did the RBI decide in August?The Reserve Bank of India (RBI) and the monetary policy committee (MPC) in early August in their bimonthly monetary policy statement, lowered its repo rate by an unconventional 35 basis points to 5.4%. What was the stance?All members of the MPC unanimously voted to maintain the accommodative stance of monetary policy.  Read More...

  May 27, 2020   Economy

What is the trade war about?In the US-China trade war, US announced that tariff rates imposed on goods worth $200 billion imported from China has been increased from 10 per cent to 25 per cent and China retaliated by slapping additional tariffs on $60billion worth of goods imported from US.How did Indian government react for boosting exports to US?Within weeks, India's commerce ministry came out wi... Read More...

  May 27, 2020   International Relations

What is Corporate Social Responsibility (CSR)?Corporate Social Responsibility (CSR) is a concept that suggests that it is the responsibility of the corporations operating within society to contribute towards economic, social and environmental development that creates positive impact on society at large. The concept revolves around that fact the corporations needs to focus beyond earning just profits. The term became popular in the 1960s and now is formidable part of business operations. Why should the company take up CSR? Read More...

  May 27, 2020   Economy

How did the Kulbhushan Sudhir Jadhav episode begin?Kulbhushan Sudhir Jadhav is an Indian national.  Pakistan government alleged that he was arrested in the Pakistani province of Balochistan on charges of terrorism and spying for India's intelligence agency, the Research and Analysis Wing. The Pakistani government stated that he was a serving commander in the Indian Navy who was involved in subversive activities inside Pakistan and was arrested in 2016 during a counter-intelligence operation in Balochistan. Indian foreign ministry said he had been "kidnapped from Iran and his subsequent presence in Pakista... Read More...

  May 27, 2020   International Relations

It replaces the Consumer Protection Act, 1986.   How is the 2019 Act an improved version over the 1986 law?The Act scores on five additional points that were not there in earlier law(i) Product liability(ii) Class action(iii) Misleading advertisements(iv) Celebrity responsibility(v)   RegulatorWho is a consumer? Read More...

  May 26, 2020   Economy

What is repo rate?It is the rate at which commercial banks borrow from the RBIWhat is monetary policy transmission ?When RBI changes rates and so on, if the same is reflected in the policies of the banks, it is called transmission. Is the change in the repo rate made by the RBI being passed on by the banks?Curbing inflation or stimulating growth by raising or lowering the cost of money is the key objective of monetary policy. But for ... Read More...

  May 26, 2020   Economy

What is the Arctic Council?The Arctic Council is the leading intergovernmental forum promoting cooperation, coordination and interaction among the Arctic States, Arctic indigenous communities and other Arctic inhabitants on common Arctic issues, in particular on issues of sustainable development and environmental protection in the Arctic.Is India associated with it?India has been an Observer at the Arctic Council from 2013 onwards. India has been re-elected as an observer to the Arct... Read More...

  May 26, 2020   International Relations

Venezuela is engulfed in a political crisis with two rival politicians claiming to be the country's legitimate leader.What is the background?Venezuela has been governed for the past 20 years by a socialist party. For about 15 years till 2013, Hugo Chávez was president. He was succeeded by Nicolás Maduro, who narrowly defeated the opposition candidate in elections.Why did its economy crash?Due to global great recession and crude price crash, Venezuela's economy collapsed as it dependend pr... Read More...

  May 26, 2020   International Relations

What were the pillars of India-Russia relationship traditionally?Traditionally, the Indo-Russian strategic partnership has been built on five major components: 1.  Politics (anti-imperialism, anti-aparthied etc till the 1980’s)2.  Defence,3.  Civil nuclear energy,4.  Anti-terrorism co-operation and5.  Space.However, in recent years a sixth, economic component has grown in importance, with both countries setting a target of reaching US$30 billion in bilateral trade by 2025 from about US$9.4 billion in the year 2017. In order to meet this goal, both countries are looking to devel... Read More...

  May 26, 2020   International Relations

What is the IBC?The Insolvency and Bankruptcy Code, 2016 (IBC) is the bankruptcy law of India which seeks to consolidate the existing framework by creating a single law for insolvency and bankruptcy.What are its aims?The bankruptcy code is a one stop solution for resolving insolvencies which previously was a long process that was not economically viable. The code aims to protect the interests of creditors, enable faster recovery, bring in investment and make the process of doing business less cumbersome Read More...

  May 25, 2020   Economy

What are the elements of the Agriculture Export Policy 2018To promote the agricultural exports, the Government has introduced a comprehensive Agriculture Export Policy in 2018 with the following vision:Harness export potential of Indian agriculture, through suitable policy instruments, to make India a global power in agriculture, and raise farmers’ income is the overall goal. Objectives of the Agriculture Export policy are as under:i. To double agricultural exports from present ~US$ 30+ Billion to ~US$ 60+ Billion by 2022 and rea... Read More...

  May 25, 2020   Economy

Why is the agreement necessary?Sudan has been in a state of political turmoil since the army ousted veteran leader Omar al-Bashir in April, with dozens of demonstrators killed during street protests.What is the agreement about?Sudan’s ruling military council and pro-democracy protesters signed a landmark agreement on power sharing that aimed to establish civilian rule in Sudan. It is aimed at paving the way for a transition to civilian rule after the ouster of President O... Read More...

  May 25, 2020   International Relations

UAPA  UAPA Act, 1967UAPA(Amendment) Act,2019On terror designation   At present, only an organization can be designated as terrorist.The amendment Act allows the government to designate an individual as terrorist. ... Read More...

  May 25, 2020   Polity

What does Art.371 deal with?Article 371 of the Indian Constitution deals with special provisions for eleven states of the Indian Union. As part of XXI of the Constitution of India, Article 371 grants special provisions to some states in the country. Part XXI deals with Temporary, Transitional and Special Provisions but the word `temporary' is not used for the Art.371. Which states are the beneficiaries?Ranging from Article 371-A to Article 371-J, this Article gives special provisions for ... Read More...

  May 24, 2020   Polity