UPSC CSE Key – April 28, 2022: What you need to read today

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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