GS Paper 3

31st December – Indian Banking – Challenges

The Reserve Bank of India (RBI) is planning to conduct the second phase of Operation Twist by simultaneous buying and selling of government securities. What it means? It will buy long tenure bonds and sell short-term ones to bring down the bond yields and flatten the curve, narrowing the term premium. The 10-year bond yield, …

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30th December – Understanding the Chief of Defence Staff

In his Independence Day address Thursday, Prime Minister Narendra Modi announced the creation of the post of Chief of Defence Staff to provide “effective leadership at the top level” to the three wings of the armed forces, and to help improve coordination among them. Details – The Union Cabinet has approved to create the post …

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27th December – Explained – Operation Twist

What is Operation Twist? Operation Twist is the name given to a monetary policy tool that the US Federal Reserve had initiated to influence the prevailing rate of interest in the markets. In India, the RBI put through its version of Operation Twist by buying ₹10,000 crore worth of 10-year government bonds while selling four …

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24th December – Right to internet

Just over a decade ago, the clamour for ‘right to internet’ began. The journey – Finland went a step further by famously legislating a right to broadband which meant a more reasonable universal service obligation requiring all telecommunication companies to provide all residents with a line of at least 1Mbps. In 2017, the Kerala government …

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23rd December – Renewable energy is the way forward

In a span of just seven days recently, two varying bits of information emerged on the climate change front for India. The first is that India lost 2,018 lives in 2018 due to the fallout of this crisis; and The second is that the country entered the league of top ten nations in Climate Change …

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21st December – Mission Shakti

Prime Minister Narendra Modi’s address on March 27, 2019 began with the declaration that India had “established itself as a global space power.” This statement was premised on the notion that an anti-satellite (ASAT) test was “necessary” to demonstrate India’s status as a space-faring nation. What is ASAT technology? The ASAT technology is purely offensive …

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14th December – Not many lessons learnt from water planning failures

Following the massive water crisis across India in the summer of 2019, the Central government hurriedly launched the Jal Shakti Abhiyan (JSA), a time-bound, mission-mode water conservation campaign to be carried out in two phases, across the 255 districts having critical and over-exploited groundwater levels. It aims to make water conservation a ‘people’s movement’ through …

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13th December – The not-so bright idea of selling the family silver

When we examine the proposed stake sale of profit-making public sector undertakings (PSUs), a few strategic issues of national importance need to be considered. The first is an ideological one — that Government must get out of business. The second is the need to bring the fiscal deficit down. The third is a long-term financial …

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11th December – Climate treaty at a tipping point

The annual Climate Summit, with increasing levels of concentration of greenhouse gases, raises questions on global climate policy. Issue – The policy problem is that the Climate Treaty considers symptoms (emissions of greenhouse gases), rather than the causes (use of natural resources). What drove climate change? Three shifts in natural resource use have taken place …

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10th December – Agri reform : From production to profitability

The idea of doubling farmers’ incomes by 2022, when the country completes 75 years of its independence, was shared by Prime Minister Narendra Modi in February 2016. Despite zealous efforts made by government agencies toward fulfilment of this goal, the state of farmers and agriculture has shown little or no improvement. We must look for …

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