ECONOMY by VIVEK SINGH

2021-05-18 08:04:28 Open / Comment

2021-05-15 19:30:40 Just for Information:

"First generation reforms" means stroke of the pen reforms. This means Govt. is just changing something in law/rules and regulations. For example in 1991 we increased Foreign Investment (FDI) limits in various sectors just by changing the FDI rules and increasing limits with the stroke of the pen.

"Second generation reforms" It involves establishing complex government organizations. This means creation of State/Govt capacity through building organizations, developing a strong team of people in the organization to implement the reforms, developing processes etc. For example in case of FDI reforms ... setting up Organizations within the Govt. (say DPIIT) to promote FDI and to vet proposals for FDI and to ease various regulatory restriction for FDI and smoothening the process to bring more FDI can be considered as second generation reforms. Open / Comment

2021-05-14 22:34:40 Source: RBI

1) RBI will be providing long term loan of three years to Small Finance Banks (SFBs) at repo rate so that the SFBs are able to lend this money further to small business units, micro and small industries, and other unorganised sector entities which are adversely affected during the current wave of the pandemic. The maximum loan that the SFB can give to a single borrower is Rs. 10 lakhs

2) SLTROs will be conducted on Core Banking Solution (E-KUBER) platform. The operations would be conducted at fixed repo rate. Bids below or above policy rate will be rejected.

c) The Reserve Bank reserves the right to decide the quantum of allotment and/or accept/reject any or all the requests, either wholly/partially, without assigning any reason thereof.

d) In case of over-subscription of the notified amount, the allotment will be done on pro-rata basis. Open / Comment

2021-05-14 15:58:31 Source: Indian Express
See the top 5 countries in terms of receiving remittances (India is on top with $83 billion). India received almost the same remittance in 2019 and 2020.

World Bank data is on calendar year basis Open / Comment

2021-05-14 07:13:29 My Indian Economy Book (5th edition) has gone out of stock from Flipkart/Amazon due to lockdown restrictions in Delhi. It will become available again in the next 2/3 days. Open / Comment

2021-05-13 17:31:18 STRATEGY (PRELIMS Postponed to 10th Oct 2021)

I am dividing all the UPSC aspirants into two categories:

1. Those who have already cleared prelims in their previous attempts OR those who are appearing for the first time but they have prepared well for prelims and are confident about it —> All such students should focus on Mains for the next two months say till 10th July (while simultaneously giving some time say 2/3 hours to prelims on a daily basis). After 10th July you can again focus completely on prelims for the next three months till 10th Oct 2021.

From today till 10th July (for two months), you can prepare those portions of mains which you have ignored till now or in which you feel there are gap areas ... it can be your optional paper, essay, ethics, social issues, IR, governance or anything in which you feel you have not devoted enough time and you are weak. In this period you can also do answer writing practise on a daily basis which can be a game changer for your mains preparation. So the next two months you should devote to mains..... improving on the gap areas and answer writing. This will be very helpful as you will get less time between prelims results and mains. And final selection is all about mains marks.

2. Those who are appearing for the first time and their syllabus is not complete or they are not confident about prelims —-> All such students should revise again and again their prelims syllabus and write prelims tests. Keep in mind revising again and again and then solving MCQs is the crux to clear prelims.

Strategy for Current Affairs
The prelims exam was supposed to happen on 27th June 2021 and the covid-19 second wave hit our country somewhere in mid April. What I feel is UPSC must have prepared/set the question paper by that time as they have a long process of review and printing and distribution. So, it is my personal opinion that even if the exam is postponed to 10th October, the current affairs you need to focus till 15th April 2021. And this is based on my last year experience. And in worst case if they include current questions from 15th April to 15 August then it can hardly be one or two questions which they may change/add in the already set question paper but I see it as of very less probability. Rest is up to you.

Regards Open / Comment

2021-05-13 12:42:12 Open / Comment

2021-05-13 12:41:02 Open / Comment

2021-05-13 11:44:47 Will discuss strategy soon. Open / Comment