UPSC - Disha Publication

2021-10-07 07:24:03 Recognising altruism.
India ranks worse than other countries in cases related to road mishaps and because of law related fear among people not able to help the needy at the time of tragedy.
According to motor vehicles law a good samaritan is a person who without any expectation of prize money and without being named for anything in the road accident, should help the needy.
Ministry of road and transport now provides 5000 rupees and a certificate to person who helps the needy met with accident on road. It will give 1lakh to 10 best from among those. Open / Comment

2021-10-07 07:15:31 Short note on the Hindu editorial.
Article: A strategy for India in a world that is adrift.

The world has many power centres today US is not the only superpower today with military prowess.
United states strategic rivalry with countries has now shifted from Atlantic to Asian geopolitical regions.
A new era is being seen with climate change threats, COVID19 pandemic.
China's hegemony in the Asian region is strong yet not fully under control with involvement of US in the region.
India is better in control now over the seas, more than tha continent.
The core values of today's strategic principles find solace in non-alignment 2.0.
Suggestions for better strengthening of foreign policy measures for India:

Regional institution should be in focus for India as the regional security will help in strengthening broader goals of geopolitics.
India should not imitate China and show victimhood because of negligence by the world in the past. Open / Comment

2021-10-06 14:54:16 Open / Comment

2021-10-06 09:18:08 Short note on the Hindu editorial.
Article: With bang.

SW monsoon ander with vah 87.4 cm of rainfall this year between jun and sept, just short of 0.7% of historical vah of 88 cm.
IMD forecast about positive tendency of rain august was a faile forecast as rain was short by 24% of the prediction by IMD.
Sept rainfall was more than 35% more than expectation of IMD.
Monsoon 2021 had healthy rain receiving 109% of LPA and 110% of LPA since 1996, 1997 and 1998.
Reason for low level rainfall in eastern and northeastern India:
Base level of monsoon higher in north east.
The region gets rain from retreating monsoon.

During kharif crop showing season monsoon was not on time in July and August, excess sept raina dampened it further.
The IMD should fir thee work on things to get clearer predictions for monsoon so that agriculture do not see dampened at the end of the day. Open / Comment

2021-10-06 09:01:15 Short note on The hindu editorial
Article: With AUKUS, India must keep its head above water.

AUKUS (New group ing of Australia, US and Japan) is no threat to India but depending on China's response, can become one.
US allowed SSN (Nuclear powered attack sunkar inse)
Announcement of AUKUS thought future from China.
Reason for India not being in AUKUS: India (already part of Quad) does not engage itself in military exercise because India has land boundary with China (India's involvement in military exchanges may send wrong signals to China). These groupings formed to counter China's activity in South and East China sea.
Quad is a grouping which does not directly oppose China as a threat.
AUKUS for now is a high-end military trade.
Reasoning: US preparing China for greater military role in Indo-pacific.
Afghanistan has show no interest in AUKUS.

Recommendation by writer: India should keep its developmental interest while working with AUKUS and countries associated with it so that it does not deteriorate relations with China. Open / Comment

2021-10-06 08:17:39 Short note on The hindu editorial. (Helps in Essay and CSAT comprehension passages)
RBI microfinance proposals that are anti-poor.
1st para: Probable title: Implications f microfinance.
Opinion of writer: with implementation of objectives given in 'consultative document on regulation of microfinance' there will be expansion in microfinance lending by private financial institutions as per provision in document 'credit at high rates of interests to the poor'
2nd para: Probable title: Changes in handling of rate of interests by Banks.
Consultative document recommends removal of current rate of interest as charged by NBFC and other private banks.
Consultative document proposes ROI should be determined by governing board of banks and competition will bring down ROI.
Concern: Abandoning of expansion of low cost credit to rural poor (most are women)
Doc proposes to deregulate ROI charged by Private MFI.

Probable title: Current guideline for ROI for NBFC-MFI
According to current guidelines max ROI should be lower from:
Cost of funds plus margin of 10% for large banks and 12% for others.
Avg base rate 7.98%
Official ROI on MIcroF between 22%and 26%

Case study.

A loan break up, violations.
There is a higher ROI charged by NBFC-MFI against higher risks of default.
RBI guideline: No recovery at borrowers residence

Concern: Cost of funds were lowered for NBFC and no restrictions on interest rate.

Reason for NBFC coming into existence: Lack of regulation and scope of high returns for microcredit given by commercial bank.
Crisis arose because of malpractice in MFI's, happened due to unregulated expansion of private for-profit micro lending.
A new framework for NBFC introduced in Dec 2011 as recommended by Malegam Committee.

Consultative doc notes: 31% microfinance provided by NBFC-MFI, 19% by SFB's and 9% by NBFC.
Current share (which is 41%) in public sector banks is about to decline, in microfinance.

Concerns: RBI doc will further lead to privatisation of rural credit, reducing share of direct and cheap credit and leaving poors at the helm of Private institutions.
Demand by Women association: ROI on microfinance not exceed 12% per annum.

Remedies recommended to meet the credit needs of poor household:
Policy reversal,
Strengthening of Public sector commercial banks and,
Firm regulations of private entities. Open / Comment

2021-10-05 15:54:03

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2021-10-05 07:29:11 Channel name was changed to «UPSC - Disha Publication» Open / Comment

2021-10-05 07:26:00 Channel photo updated Open / Comment

2021-10-04 15:54:43

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