Table of Contents
Today- Question- 150-250 words
Critically evaluate the functioning of the Monetary Policy Committee.
Pre-emptive strike
Monetary Policy Committee of the Reserve Bank of India opted for a hike in key interest
rates by 25 basis points — the first such increase in four and a half years.
This hike, the first during this NDA government’s tenure, was approved unanimously by the
6 member committee, citing worries about hardening inflation trends and a firming up of
growth recovery at home.
Global uncertainties affecting emerging markets
Rising tensions over trade wars
Further rate hikes by the Federal Reserve that could strengthen exodus of global capital from
emerging markets such as India.
January and May, outflows from foreign portfolio investors have reached their highest level
in 10 years, and by June 4, $6.7 billion was pulled out on a net basis from the domestic capital market.
Rupee, along with other emerging market currencies, is hurting too
Government gearing for parliamentary elections next year.
Moreover, inflationary expectations
Continue
Crude oil prices have been the biggest factor at play, rising 12% from $66 a barrel when the
MPC met in April to $74 a barrel.
Defend the deal
Iran should cooperate with Europe and China to work around U.S. sanctions
Iran’s notification to the UN that it would launch a plan to increase its uranium enrichment
Joint Comprehensive Plan of Action- among the five permanent members of the UN Security
Council, besides Germany, the European Union and I ran, in 2015, curtailed Tehran’s nuclear program in return for lifting of international sanctions.
But almost a month after Mr. Trump announced his decision, they are yet to come up with
a framework to salvage the deal.
Iran remains cooperative and compliant with terms of the 2015 agreement.
Limits to dialogue
It is unwise to suggest people-to-people contact as the way to resolve the Cauvery dispute
Ever since the Supreme Court delivered its final judgment on February 16, the situation in
both States has been broiling.
Although the final judgment brought some initial celebration in Karnataka
Kamal Haasan’s joint press interaction on June 4 with Karnataka Chief Minister
H.D. Kumaraswamy has triggered a huge controversy
Cauvery Water Management Authority (CWMA)
Cauvery dispute is the longest and most bitter inter-State water dispute.
Prelims Focus Facts-News Analysis
Page-1- Statehood resolution tabled in Assembly Deputy Chief Minister Manish
Sisodia on Wednesday tabled a resolution in the Assembly seeking full statehood for
Delhi and said a range of governance issues could have been resolved if Delhi were a
full State.
Prelims Focus Facts-News Analysis
Page-1- Central package for sugar mills
With sugar mills facing a liquidity crisis,
the government has decided to fix the minimum price of refined sugar at ₹2•/kg, create a
buffer stock, and facilitate a ₹4•440 crore loan scheme
to help mills produce ethanol from surplus cane.
These decisions were taken by the Cabinet Committee on Economic Affairs
on Wednesday, said an official statement.
Prelims Focus Facts-News Analysis
Page-1- Argentina’s football friendly with Israel is off
Argentina’s football friendly with Israel in Jerusalem has been cancelled, the Israeli
Embassy said on Tuesday, citing unspecified threats against Barcelona superstar
Lionel Messi.
The World Cup warm-up match had been scheduled for Saturday.
Prelims Focus Facts-News Analysis
Maternal mortality ratio in the country drops to 130 from 167
As per the data, the MMR (number of maternal deaths per 1,00,000 live births) has
dropped from 167 (in 2011-2013, the last SRS period) to 130 for the country.
This 28% drop
Kerala has the lowest MMR of 46, followed by Maharashtra with 61 and
Tamil Nadu 66.
Prelims Focus Facts-News Analysis
World Bank nod for ₹6•000 cr. groundwater recharge plan
World Bank to execute a
₹6•000-crore scheme called the Atal Bhujal Yojana (ABHY)
Last Day- Q’s- Answers…
S-400- Most advanced Air defence system in the world- Surface to air missile defence system
Range – 600 km
Syria is boarded with- Turkey, Iraq, Jordan, Israel Lebanon & Mediterranean sea
Dead sea- situated between Jordan & Israel
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