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6 August 2024 : The Hindu Editorial Analysis

1. The social benefits of stock market speculation (Source – The Hindu, International Edition – Page No. – 8) Topic: GS2 – Governance, GS3 – Indian Economy Context The Indian government’s recent Budget increased taxes on capital gains and securities transactions, equating stock market speculation to gambling. While intended to reduce inequality, critics argue this…

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5 August 2024 : Indian Express Editorial Analysis

 1. Intention VS implementation (Source – The Hindu, Idea Page- Page No. – 11) Topic: GS2- Polity Context The articles analyze a recent supreme court verdict in India that permit state government to sub classify scheduled caste and scheduled tribe for reservation purposes, potentially altering the existing reservation framework. Analysis of the news: Supreme court’s…

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CHAPTER 3 – PRICES AND INFLATION: UNDER CONTROL

Low and stable inflation is crucial for sustaining economic growth. Governments and Central Banks aim to maintain moderate inflation while ensuring financial stability. The Reserve Bank of India (RBI) and the Central Government are committed to price stability. India maintained retail inflation at 5.4% in FY24, the lowest since the Covid-19 pandemic. Inflation trajectory Global…

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CHAPTER 2 – MONETARY MANAGEMENT AND FINANCIAL INTERMEDIATION: STABILITY IS THE WATCHWORD

Objectives of Monetary Policy The primary objective of monetary policy is to maintain price stability while keeping in mind the objective of growth. Various instruments of monetary policy, viz. cash reserve ratio (CRR) and statutory liquidity ratio (SLR) of banks, open market operations of the Central Bank, and imposition of credit ceilings, etc., are used…

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5 August 2024 : PIB Summary For UPSC

1. Tourism has the potential to contribute to India’s achievement of being the third-largest Economy: Shri Gajendra Singh Shekhawat (Source – https://pib.gov.in/PressReleseDetail.aspx?PRID=2041133 ) Topic: GS3 – Indian Economy Context The 7th India International Hospitality Expo (IHE 2024) was inaugurated by Union Minister Gajendra Singh Shekhawat, highlighting its role in promoting India’s hospitality industry globally. He…

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5 August 2024 : Daily Current Affairs

1. Tourism has the potential to contribute to India’s achievement of being the third-largest Economy: Shri Gajendra Singh Shekhawat (Source – https://pib.gov.in/PressReleseDetail.aspx?PRID=2041133 ) Topic: GS3 – Indian Economy Context The 7th India International Hospitality Expo (IHE 2024) was inaugurated by Union Minister Gajendra Singh Shekhawat, highlighting its role in promoting India’s hospitality industry globally. He…

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5 August 2024 : The Hindu Editorial Analysis

1. The psychology of extravagance (Source – The Hindu, International Edition – Page No. – 8) Topic: GS1 – Indian Society – Poverty and developmental issues. Context The article explores the disparity between the lavish lifestyles of Indian billionaires and the widespread poverty in India, highlighting wealth concentration among the top 1%. It discusses the…

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Kurukshetra Summary: July 2024 – Enhancing Innovation In Rural India

1. Making Lakhpati Didis – Multiple Livelihoods Show The Way Introduction Launched by the Ministry of Rural Development in 2023, it aims to empower women associated with Self-Help Groups (SHGs) to achieve an annual household income exceeding Rs. 1,00,000 by adopting sustainable livelihood practices. Initially set for 2 crore Lakhpati Didis, the program aims to…

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SCIENCE REPORTER SUMMARY: JULY 2024

ARTICLE 1: Probability Theory Ensures the Abel Prize 2024 to Michel Talagrand Significant Contributions ARTICLE 2: New Elements in Asteroids Overview of the Periodic Table and Heavy Elements Discovery of Compact Ultradense Objects (CUDO) Modelling Superheavy Elements Implications and Future Research ARTICLE 3 West Nile Fever From Nile Delta to Global Concern Emergence of West…