9 Dec 2023 : Indian Express
Indian Express
9- December-2023
1) HER CHOICE
Context:
- The recent statement made by BJP MP Dharambir Singh characterizing live-in relationships as a “dangerous disease” that needs to be eradicated fits with a pattern that is common among elected officials who cross party lines.
- Singh’s demand for legislation to shield Indian culture from alleged Western influences is consistent with views previously held by other officials, such as the suggestion made by Union Minister Kaushal Kishore that educated women who choose non-traditional partnerships are involved in violence.
- This inclination to control decisions about relationships, education, careers, and fashion is a reflection of a widespread and expanding patriarchal fear of women exercising personal autonomy.
Patriarchal Backlash Amidst Women’s Rising Agency: Contextualizing the Timing
- The growing impact of women in Indian public life makes Singh’s comments and similar views more significant.
- Women are leading national programs and respected institutions, demonstrating the unwavering recognition of women as powerful forces.
- The government’s dedication to women-led development is seen in legislative initiatives like the historic Nari Shakti Vandan Adhiniyam and the permanent commissioning of women in the armed forces.
- But the insistence on tradition as the only arbiter of preference suggests a lack of understanding of the changing goals of a large segment of the populace, which may be a reaction against their growing power.
Contrasting Realities: Crime Statistics and Traditional Notions of Marriage
- Despite claims to the contrary regarding the risks associated with non-traditional relationships, the National Crime Records Bureau (NCRB) has released data showing a 4% rise in crimes against women in 2022 over the previous year.
- Remarkably, close partners, family members, or relatives were responsible for most of these crimes.
- This calls into question the idea that traditional marriages, which are frequently supported for parental approval, provide an absolute assurance of a happy married life.
- It is stated that India’s low divorce rate is an insufficient indicator of marital success, highlighting the need to break free from antiquated, sexist beliefs that prevent customs from becoming flexible and adjusting to modern circumstances.
Unshackling Minds for Progress: Moving Beyond Outdated Notions
- The focus should be on freeing people’s minds from outdated notions of sexism that oppose the advancement of tradition in order to meet the issues raised by the crime statistics and societal transformative movements.
- The government’s commitment to women-led development which is exemplified by a number of initiatives should be strengthened by encouraging diversity, tolerance, and recognition of differences of opinion.
- A more progressive and inclusive society must cultivate an atmosphere that accepts changing ideas of tradition, as Singh’s call for ending live-in couples exposes a deep-seated aversion to change.
2) A continuing pause
Context:
- Three significant factors are behind the Reserve Bank of India’s Monetary Policy Committee’s (MPC) recent decision to keep interest rates at current levels and to abandon its accommodation-focused approach.
- First off, inflation is still a problem even with the recent decline. Over the past two months, consumer price inflation has decreased within the goal range of 2–6%, but it is still well below the desired 4 percent.
- With the exception of volatile food and fuel components, core CPI inflation has dropped, which is somewhat relieving given the decline in commodity prices.
- But sustained double-digit inflation in staple foods is a serious risk, particularly in light of the difficulties facing agricultural production.
Global Economic Influences: Impact of Higher Global Rates
- The global economic environment, in particular the positions of systemically important central banks such as the US Federal Reserve and the European Central Bank (ECB), is the second factor affecting the MPC’s decision.
- These central banks have suggested higher-for-longer interest rates in an effort to stop inflation from rising further, even if inflation has decreased.
- While the impact of the rapid rate hikes by Western nations on India has not been too great so far, the RBI is nevertheless on guard because high global rates could cause further shocks in the future.
Incomplete Transmission of Rate Hikes: Challenges in Monetary Transmission
- The incomplete transmission of the MPC’s previous rate hikes into lending rates is the third factor influencing its decision.
- Rate increases by the RBI have been implemented, however they have not been evenly distributed among financial market instruments.
- The central bank has applied macroprudential measures to address risks in particular segments and is concentrating on keeping restricted liquidity to promote transmission.
- Bank loan growth is nevertheless solid in spite of rate rises, thanks to sustained economic momentum and sound bank balance sheets.
Regulatory Measures and Economic Outlook: RBI’s Holistic Approach
- The RBI is depending on regulatory measures, such as raising risk weights for lending to hazardous categories, including non-banks, to control interrelated risks and guarantee financial stability.
- With instruments like the incremental cash reserve ratio (I-CRR) and open market sales of government securities, the central bank is aggressively eliminating excess liquidity from the banking sector.
- The RBI has updated its growth prediction for the fiscal year, anticipating India to beat other major economies in growth, while maintaining the inflation forecast unchanged.
- However, worries about how domestic demand would be impacted by rising interest rates and the possibility of a slowdown in advanced western countries could restrain growth in the second half of the fiscal year.
Conclusion: Anticipated Rate Cuts and Future Economic Landscape
- The MPC’s decision to hold its position and rates in spite of the improving economic outlook shows caution as it took into account lingering inflation risks, effects from the world economy, and difficulties in monetary transmission.
- A comprehensive approach to attaining both inflation and financial stability is highlighted by the central bank’s dependence on regulatory tools and its dedication to regulating liquidity.
- Rate reductions in the first quarter of the upcoming fiscal year are expected, which indicates that the RBI is prepared to modify its monetary policy in response to changing economic circumstances.
For Enquiry
9 Dec 2023 : Indian Express
9 Dec 2023 : PIB
9 Dec 2023 : Daily Current Affairs
9 December 2023 : The Hindu Editorial Notes PDF
8 Dec 2023 : Daily Answer Writing
8 Dec 2023 : Indian Express
8 Dec 2023 : PIB
8 Dec 2023 : Daily Current Affairs
8 December 2023 : The Hindu Editorial Notes PDF
Attitudes, thoughts and Behaviour
december 2023 indian express 9 Dec 2023 : Indian Express Indian Express
9- December-2023
1) HER CHOICE
Context:
The recent statement made by BJP MP Dharambir…
December 2023 Pib 9 Dec 2023 : PIB PRESS INFORMATION BUREAU
9-December -2023
1. Ecological Impact of Biofortified Seeds
Topic: GS3 –…
Daily Current Affairs 9 Dec 2023 : Daily Current Affairs Daily Current Affairs
9-December-2023
1. RBI keeps repo rate at 6.5%, raises GDP growth forecast.
Topic:…
December 2023 The Hindu 9 December 2023 : The Hindu Editorial Notes PDF The Hindu Editorial
9-December-2023
1. India’s growing neighbourhood dilemmas.
Topic: GS2 –…
mains answer writing 8 Dec 2023 : Daily Answer Writing Mains Answer Writing
8-December-2023
1. Describe the various types of fronts and their role in formation…
december 2023 indian express 8 Dec 2023 : Indian Express Indian Express
8- December-2023
1) CHENNAI ALARM
Context:
Life in Chennai has been badly disrupted…
December 2023 Pib 8 Dec 2023 : PIB PRESS INFORMATION BUREAU
8-December -2023
1. MONUMENT MITRA SCHEME.
Topic: GS1 – art and culture
Context:
“Adopt…
Daily Current Affairs 8 Dec 2023 : Daily Current Affairs Daily Current Affairs
8-December-2023
1. SC to give Article 370 verdict on Monday.
Topic: GS2 –…
December 2023 The Hindu 8 December 2023 : The Hindu Editorial Notes PDF The Hindu Editorial
8-December-2023
1. India’s growing neighbourhood dilemmas.
Topic: GS2 –…
attitude Attitudes, thoughts and Behaviour Attitude, i.e. the predisposition to react favourably or unfavourably towards the attitude object, manifests…
