FRONT PAGE
PM flags high fuel prices in Opp-ruled states, their CMs hit back at Center
Sillabus:
Preliminary Examination: Economic and Social Development
Main Examination: General Studies III: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment
Key Points to Ponder:
• What Is Value-Added Tax (VAT)?
• How Value-Added Tax (VAT) works?
• Value-Added Tax (VAT) vs Goods and Services Tax (GST)-Compare and Contrast
• Pros and Cons of Value-Added Tax (VAT)
• base price, central excise duty, state tax and Petrol Prices-Connect the Dots
• Why States in India have different prices for Petrol and Diesel?
• Retail prices in India compared to global crude oil price
Other Important Articles Covering the same topic:
📍 Explained: For state governments, why cutting taxes on fuel is easier said than done
THE EDITORIAL PAGE
The inflation hydra
Sillabus:
Preliminary Examination: Economic and Social Development
Main Examination: General Studies III: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.
Key Points to Ponder:
• Inflation and Various Types of Inflation
• Causes of Inflation
• Long term, Medium Term and Short-term impact of Inflation
• What is CPI-based Inflation or Retail Inflation?
• How Inflation is Measured in India?
• What do you understand by Wholesale Price Index (WPI) and Consumer Price Index?
• New Standard for Measuring Inflation in India and Old Standard for Measuring Inflation-Key Differences
• What Is Monetary Policy Committee (MPC)?
• Monetary Policy Committee MPC-Importance
• Know about these terms-Bank Rate, Repo Rate, Reverse Repo Rate, Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), Cash Reserve Ratio (CRR)
• Impact of Money Supply on an Economy-Inflation or Deflation?
• Steps or Measures Taken by GOI to Control Inflation
• National Statistical Office (NSO)-About, Vision, Mandate and Role
Other Important Articles Covering the same topic:
📍 Explain Speaking: Why (gentle) policymakers prefer retail (over wholesale) inflation
📍 What is Consumer Price Index (CPI) Inflation?
EXPLAINED
State of (un)employment in India
Sillabus:
Preliminary Examination: Economic and Social Development
Main Examination:
• General Studies‐ III: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment
• General Studies III: Inclusive growth and issues arising from it
Key Points to Ponder:
• Unemployment in India-Types (Open Unemployment, Disguised Unemployment, Seasonal Unemployment, Cyclical Unemployment etc.)
• Know the Basics-Demography, Demographic characteristics, Demographic potential, Demographic Transition, Demographic Dividend and India’s Demographic Dividend
• India’s unemployment rate in Urban and Rural Areas-Present Status
• Why unemployment is more in the urban areas as compared to the rural areas?
• What do you understand by Labor Force and Labor Force participation rate (LFPR)?
• Female Labor Force Participation Rate-Know about this in detail
• Employment Rate (ER) and Unemployment Rate (UER)-Know in Detail
• What do you understand by “Informal economy” and “Unorganised Sector”?
• What Is the Unemployment Rate? How it is Calculated by CMIE?
• Center for Monitoring Indian Economy (CMIE)-Role and Under which Ministry/Organisation?
• Reasons for rise in Unemployment Rate
Other Important Articles Covering the same topic:
📍 Unemployed Indians
📍 Explain Speaking: The curious case of India’s falling unemployment rate
The absence of rain: reason it is so hot almost everywhere in India
Sillabus:
Preliminary Examination: Indian and World Geography
Main Examination: General Studies I: Important Geophysical phenomena such as earthquakes, Tsunami, Volcanic activity, cyclone etc., geographical features and their location-changes in critical geographical features (including water-bodies and ice-caps) and in flora and fauna and the effects of such changes.
Key Points to Ponder:
• What is a heat wave?
• Indian Meteorological Department (IMD) criteria for Heat Waves?
• What is the present situation of Heat Waves in India?
• Why is India facing a prolonged heat wave in 2022?
• What is La Nina phenomenon?
• What is the reason behind an early heat wave in North India?
• La Nina phenomenon, North-South low-pressure pattern over India in winters and Heat waves-Connect the dots
• What is the Impact of these Heat Waves?
• Health Impacts of Heat Waves
• India Meteorological Department (IMD)-About, Role and Objectives
Other Important Articles Covering the same topic:
📍Why is India facing a prolonged heat wave in 2022?
ECONOMY
India, China, Russia, four others on US IP ‘Priority Watch List’
Sillabus:
Preliminary Examination: Economic and Social Development
Main Examination: General Studies III: Issues relating to intellectual property rights
Key Points to Ponder:
• What is Intellectual Property?
• Types of intellectual property- Copyright, Trademarks, Patents, Industrial Design, Geographical Indications and Trade secrets
• What is the need of Intellectual Property Rights (IPR)?
• USA and “Special 301 Report”-Key Highlights (WRT India)
• “Priority Watch List” and a “Watch List”-What do you understand by these terms?
• Why India is placed under Priority Watch List?
• United States Trade Representative (USTR) and Demands by the USTR
• What is the Singapore Treaty on the Law of Trademarks?
• India and Intellectual Property Rights (IPR)?
• National Intellectual Property Rights (IPR) Policy 2016-Key Highlights
Other Important Articles Covering the same topic:
📍 IP protection: US puts India on Priority Watch List
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