Table of Contents
Surprise softening
RBI‟s inflation projections belie(झु
ठलाना) households‟ and manufacturers‟ expectations
Keep interest rates unchanged- Retaining the „neutral‟ stance
Price stability, after all, remains the Monetary Policy Committee’s primary remit, and
Retail inflation continues to run above its medium term target
Headline inflation reading of 4%.
1)-Headline inflation is the raw inflation figure as reported through the Consumer Price
Index (CPI) that is released monthly by the Bureau of Labor Statistics.
2)-Headline inflation is a measure of the total inflation within an economy, including
commodities such as food and energy prices (e.g., oil and gas), which tend to be much more
volatile and prone to inflationary spikes
Core inflation measuring transitory price changes should be excluded- Excluding items
frequently subject to volatile prices, like food and energy.
Retail inflation means the increase in prices of certain products or commodities compared to
a base price-linked to Consumer Price Index(CPI) which is managed by Ministry of Statistics.
CPI numbers are numbers are widely used as a macroeconomic indicator of inflation, as a tool
Retaining confidence
After surviving the no trust vote, the Sri Lankan government must reboot itself
Following a marathon 11- hour debate, 122 MPs in the 225-member House voted
against the motion
Provides an opportunity for its bickering leaders to reassess their priorities.
Competition among President Maithripala Sirisena, Mr. Wickremesinghe and their common
rival, former president Mahinda Rajapaksa, is likely to continue
Confidence of parliament has been numerically settled in favour of the Prime Minister
now, with Tamil and Muslim parties backing him in the crucial vote, but in electoral terms
the question of political supremacy is still open
Local body poll results have given sufficient indication of the people‟s concerns over the
economy and unemployment.
Needs the President and the Prime Minister to work together, deemphasising
their political differences.
The two leaders came together in 2015 and got a mandate from the people for good
governance and institutional reform.
Sri Lanka needs a reboot to bring these objectives back on track
‘Skill India’ urgently needs reforms
There is no way the country can reap its demographic dividend without fixing vocational edu
cation (व्यावसायिक यिक्षा)
Government of India formed the Sharada Prasad Committee to rationalise the Sector Skill
Councils (SSCs)-Committee submitted its report in 2016.
Now over a year later, it may be prudent(यववेकी) to look at the reforms it suggested and
Action taken in the vocational education/ training (VET) system
Two goals in „Skill India‟ are,
1)-First, to meet employers‟ needs of skills and,
2)-Second, to prepare workers (young and old) for a decent livelihood.
Suggests concrete steps to ensure a mindset change, such as having a separate stream for
vocational education (in secondary education), creating vocational schools and vocational
colleges for upward mobility,& having a Central university to award degrees and diplomas
Theme in the report is its focus on youth.
Second recurring theme is the realisation of human potential
Third theme is to do what is right when no one is watching you
Does the government, which is not generating much employment in the public sector,
really know what industry‟s skill requirements are in the private sector?
Once every five years, through the National Sample Survey Office, to collect data on skill
providers and skill gaps by sector.
Such data can guide evidence based policy-making, as against current approach of shooting
in the dark
Need more reflection from stakeholders on the actual value addition done by the
skilling initiative
India can surely become the world‟s skill capital but not with what it is doing right now.
The reforms suggested by the committee can be a good starting point for we cannot let
another generation lose its dreams.
Prelims Focus Facts-News Analysis
Page-1- Salman gets 5-year jail term
Page-1- Nepal not worried by debt trap: Oli
Nepal wants to be seen as a “land-linked” not a “landlocked” country
to both India and China, said the newly elected PM Khadga Prasad Sharma Oli.
Rejecting concerns from India that joining the Belt and Road Initiative could
lead to a „debt trap
“I object to the use of the word „trap.‟
That is a word from the Indian perception and reflects the rivalry of the two countries
[India and China]
U.K. can‟t ignore our concerns: Russia
Trump orders National Guard to Mexican border
Gaza border death toll rises to 19
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