UPSC Key-June 22, 2022: Know the relevance of ‘Defection’ to ‘Horse Trading’ to ‘Twin Deficit’ for UPSC CSE

The Indian Express | 5 days ago | 22-06-2022 | 07:45 pm

UPSC Key-June 22, 2022: Know the relevance of ‘Defection’ to ‘Horse Trading’ to ‘Twin Deficit’ for UPSC CSE

Important topics and their relevance in UPSC CSE exam for June 22, 2022. If you missed the June 21, 2022 UPSC key from the Indian Express, read it hereFRONT PAGEDroupadi Murmu set to be elected first tribal woman President of IndiaSyllabus:Preliminary Examination: Indian Polity and GovernanceMains Examination: General Studies II: Parliament and State legislatures—structure, functioning, conduct of business, powers & privileges and issues arising out of theseKey Points to Ponder:• Who is Droupadi Murmu?• Who elects the President of India?• The President is elected by members of the electoral college rather than by the general public. What does the electoral college entail?• What is the term of the office of the President?• When is the election of the Office of President of India held?• Who conducts the election to the Office of President of India?• The President of India is integral part of the Union Executive-True or False• Know in detail about Article 54 to Article 58 of the Indian Constitution• What electoral system/process is followed for the election to the office of the President?• President must be subscribed by at least how many electors as proposers and seconders?• What is System of proportional representation by means of single transferable vote?• Why System of proportional representation by means of single transferable vote is used for President’s Election in India?• The voting at the President’s election shall be by secret ballot-True or False?• How Constitution of India provides uniformity in the scale of representation of different states as well as parity between the states as a whole and the Union at the election of the President?• What are the Qualifications required by a candidate to contest the election to the Office of the President of India?• Who is appointed the Returning Officer/Assistant Returning Officer for the election to the Office of President of India? Who makes such appointment?• Can the result of the election to the Office of President be challenged? If so, what is the proper procedure for doing so?• Are the provisions of the Anti-Defection Law applicable in Presidential elections?• The oath of office to the President is administered by Whom?• The President can be removed from office by a process of impeachment for ‘violation of the Constitution’-True or False?• The Constitution of India defines the meaning of the phrase ‘violation of the Constitution’-True or False?• What are the powers enjoyed and the functions performed by the President of India?• Can the President be Impeached?Other Important Articles Covering the same topic:📍Yashwant Sinha is Opp’s President candidate📍Droupadi Murmu: 10 things to know about NDA’s presidential nomineeMinister leads Shiv Sena revolt, ruling MVA fights for survival in MaharashtraSyllabus:Preliminary Examination: Indian Polity and Governance-Constitution, Political System, Panchayati Raj, Public Policy, Rights Issues, etc.Mains Examination: General Studies II: Parliament and State legislatures—structure, functioning, conduct of business, powers & privileges and issues arising out of these.Key Points to Ponder:• What is going in Maharashtra Politics?• How many parties are there in Maha Vikas Aghadi?• How the numbers add up in the Maharashtra Assembly?• What is Horse-Trading?• Current development in Maharashtra is Horse trading or Defection?• What constitutes ‘horse-trading’ or defection?• What Supreme Court said in the SR Bommai case (1994) with respect to Horse trading and Defection?• What is the anti-defection law, and what is its purpose?• The 52nd Amendment Act of 1985 and the 10th Schedule of the Constitution are related to what?• What constitutes defection? Who is the deciding authority?• What Supreme Court of India said in Kihoto Hollohan case (1993)?• Has the anti-defection law ensured the stability of governments?• Have any suggestions been made to improve the law?• The 91st Amendment Act of 2003 made one change in the provisions of the Tenth Schedule. What was that?• The disqualification of member on the ground of defection does not apply in the two exceptional cases. What is that ‘exception’?Other Important Articles Covering the same topic:📍Out of touch with MLAs, lacklustre in admin, how Uddhav lost the plot📍Explained: The anti-defection law, and why Eknath Shinde could be poised to dodge it in MaharashtraEXPRESS NETWORKPM to attend BRICS virtual summit in China on June 23, 24Syllabus:Preliminary Examination: Current events of national and international importance.Mains Examination: General Studies II: Bilateral, regional and global groupings and agreements involving India and/or affecting India’s InterestKey Points to Ponder:• Evolution of BRICS from Russia-China (RC) to Russia-India-China (RIC) to Brazil- Russia-India-China (BRIC) to Brazil-Russia-India-China-South Africa (BRICS)• What is Brazil, Russia, India, China and South Africa (BRICS)?• BRICS Development Bank-Key Features• Brazil, Russia, India, China and South Africa (BRICS) Economy-Key Features• RIC (Russia-India-China) out of BRICS-Significance and Stature in World Politics?• Why BRICS Matters?• What are the issues and challenges Associated to BRICS in present scenario?Other Important Articles Covering the same topic:📍Brazil, Russia, India, China and South Africa (BRICS)📍Why BRICS Still Matters📍BRICS and the creation of a multipolar worldTHE EDITORIAL PAGEWhat MPC says, what RBI doesSyllabus:Preliminary Examination: Economic and Social DevelopmentMains Examination: General Studies III: Indian Economy and issues relating to planning, mobilisation, of resources, growth, development and employment.Key Points to Ponder:• What is the Monetary Policy Committee?• The Monetary Policy Committee (MPC) is a Statutory Body-True or False?• What is the Primary Objective of monetary policy in India?• Members/Composition of Monetary Policy Committee (MPC)-Know in detail• What is Inflation targeting (IT) regime resolution adopted by the Monetary Policy Committee (MPC)?• According to Author, the first few years of IT regime from 2016 to 2018 worked quite well but from 2019 onwards, things began to change-What change she (Author) is talking about? (Hint: Given in the Article)• Do You Know-The inflation target of the Reserve Bank of India is 4 per cent, with a band of 2 per cent on either side.• There are several direct and indirect instruments that are used for implementing monetary policy-What are they?• How Fast tightening of loose monetary policy, prudent fiscal policy and rational trade policy can control inflation?• The word ‘Inflation’ is now days very often in News. What do you understand by this term?• Why Inflation holds so much importance for an Economy?• The term ‘Price’ is almost familiar to all of us. What do you understand by the term ‘price’ and ‘Price Level’?• How price level is Measured?• What is Price Index? Which are the two most important Price indices?• What do you understand by Wholesale Price Index (WPI) and Consumer Price Index? WPI and CPI is published by whom?• What is CPI-based Inflation or Retail Inflation? Both are same?• The base year of Wholesale Price Index (WPI)?• Base Year for Consumer Price Index (CPI)?• Know the Types of Inflation like Moderate Inflation, Galloping Inflation, Hyper-Inflation, Stagflation, Deflation, Core Inflation etc.• Know the Causes of Inflation like Demand-Pull or Demand-Side inflation and Cost-Push or Supply-Side Inflation.• There are two economic groups in every society including India i.e. the fixed income group and the variable income group. How Inflation effects these economic group?• What is the Long term, Medium Term and Short-term impact of Inflation?• How Inflation is Measured in India?• Steps or Measures Taken by GOI to Control Inflation• National Statistical Office (NSO)-About, Vision, Mandate and RoleOther Important Articles Covering the same topic:📍The point of interest rate hikeTHE IDEAS PAGEOur entwined values & interestsSyllabus:Preliminary Examination: Current events of national and international importance.Mains Examination: General Studies II: Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests.Key Points to Ponder:• India-Australia Bilateral Relations-Background• India & Australia-Areas of Cooperation• India & Australia-Bilateral Trade• India-Australia Economic Cooperation and Trade Agreement (INDAUS ECTA)-Key Proposals• How has the Quad impacted trade relations between India and Australia?• India-Australia and the new cyber framework between the two Nations-Key Highlights• INDAUS ECTA (India-Australia Economic Cooperation and Trade Agreement)-Key Proposals• Early harvest trade agreement between India and Australia-Key highlights• How has the Quad impacted trade relations between India and Australia?• What other Free Trade Agreements is India currently negotiating with Australia?• Map Work-Australia, Important Cities, PhysiographyOther Important Articles Covering the same topic:📍India and Australia are finally acting like the natural partners they areEXPLAINEDIndia’s emerging twin deficit concernsSyllabus:Preliminary Examination: Economic and Social Development-Sustainable Development, Poverty, Inclusion, Demographics, Social Sector Initiatives, etc.Mains Examination: General Studies III: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.Key Points to Ponder:• What do you understand by the term ‘Twin Deficits’?• What is Fiscal deficit?• What is Current account deficit (CAD)?• How Current Account Deficit and Fiscal Deficit reinforces each other?• What is Stagflation?• Why Stagflation is dangerous for the economy?• What has caused the most recent stagflation worries in India?Other Important Articles Covering the same topic:📍What is Current Account Deficit?Summer SolsticeSyllabus:Preliminary Examination: Indian and World Geography-Physical, Social, Economic Geography of India and the World.Mains Examination: General Studies I: Important Geophysical phenomenaKey Points to Ponder:• What are solstices?• What is Summer Solstice?• What happens on summer solstice day?• Is June 21 always the summer solstice?• What is the purpose of summer solstice?• Have you heard of Winter Solstice?• Summer Solstice and Winter Solstice-Compare and Contrast• Misconceptions about the solstices-Know in briefOther Important Articles Covering the same topic:📍What are solstices?Why Israel is headed to its 5th election in 3 years, and what nowSyllabus:Preliminary Examination: Current events of national and international importance.Main Examination: General Studies II: Bilateral, regional and global groupings and agreements involving India and/or affecting India’s InterestsKey Points to Ponder:• Electoral process is Israel and in India-Know the difference• What is ‘Knesset’?• What is happening in Israel now?• Why frequent elections is taking place in Israel?• Change in Government in Israel and its impact on India-Know in Detail• India and Israel marked 30 years of full diplomatic relations this year-Know its Significance• India and Israel Bilateral Relations-Historical Background• Pegasus and India-Israel Relations• India & the Palestinian cause and Israel-Know India’s Stand in this entire conflict• India and Israel Relations-Shift in policyOther Important Articles Covering the same topic:📍Explained: The India-Israel relationshipECONOMYRBI puts a stop to credit lines on prepaid instrumentsSyllabus:Preliminary Examination: Economic and Social Development-Sustainable Development, Poverty, Inclusion, Demographics, Social Sector Initiatives, etc.Mains Examination: General Studies III: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.Key Points to Ponder:• The Reserve Bank of India (RBI) has issued a notification recently disallowing non-bank prepaid wallets and prepaid cards from loading credit lines-why?• What else has RBI said in its notification?• What are prepaid payment instruments (PPIs)?• What are prepaid payment instruments examples?• What is a credit line?• Why has the RBI issued this notification?• Which are the fintechs offering credit products in India?Other Important Articles Covering the same topic:📍Prepaid payment instruments: First step towards better wallet safetyGet an e-paper subscription via our special offer – click hereFor any queries and feedback, contact priya.shukla@indianexpress.comThe UPSC KEY Indian Express is now on Telegram. Click here to join our channel and stay updated with the latest Updates.

Google Follow Image


Similar News

Maharashtra: Pune city witnesses 31 per cent rise in number of voters in last five years
The Indian Express | 6 hours ago | 27-06-2022 | 10:45 pm
The Indian Express
6 hours ago | 27-06-2022 | 10:45 pm

The number of voters under the jurisdiction of the Pune Municipal Corporation (PMC) has increased by 31 per cent in the last five years, said officials last week while releasing the draft voters list for the upcoming civic polls in the city. The total number of voters in the second-largest city in Maharashtra is now 34,58,714, against the figure of 26,34,798 during the previous civic elections in 2017.“The percentage of voters has increased by 31 per cent in the PMC area. This is due to the increase in population, which is yet to be registered in the census exercise, and also inclusion of 34 villages in civic limits,” said a civic officer.Overall, 4.5 lakh new male voters and 3.75 lakh female voters have been added to the voters list. Notably, there are six wards among the total 58 PMC wards where the number of female voters is more than that of male voters.Going by the increase in population, the number of corporators in the PMC has also been increased to 173.The civic body has finalised the reservation of seats for the Schedule Caste (SC) and Schedule Tribe (ST) groups based on their respective percentages within the city limit as per the 2011 census. The reservation of seats for women across categories has been fixed at 50 per cent as per state laws. Meanwhile, the reservation for Other Backward Classes (OBC) has been struck down by the Supreme Court but the state government continues to argue in its favour in the apex court.The PMC is updating its voters list by referring to the latest electoral roll available with the Election Commission of India (ECI). Citizens completing 18 years and registering with the ECI before May 31 this year will be eligible to cast their votes in the PMC polls.Interestingly, the updated list of the ECI has 34,58,714 registered voters as on May 31, while the population of the city is 35,56,824 as per the 2011 census. “This is because the electoral rolls are updated every year but the population census data available every 10 years has not been updated, as the census exercise got delayed owing to the ongoing pandemic,” said the civic officer.He said, “The strength of corporators for the PMC is decided as per the population data of the city, but the available data is from 2011… the number of corporators has been revised to 173. It could have been much more if the latest data would have been available before the civic polls. On the other hand, electoral rolls are updated throughout the year.”The civic officer further noted that the difference in the census data of 2011 and the updated electoral roll has led to a peculiar situation. “In 17 of the total 58 wards, the number of voters is more than the population of the area. There is nothing we can do about the situation as the entire election process is based on data available from the Union government,” he said.The population of Dhayari-Ambegaon ward is 64,071 as per the 2011 census data but the number of voters is 1,03,959. Other wards where voters outnumber the local population are Lohegaon-Vimannagar, Kharadi-Wagholi, Kharadi-Vadgaonsheri, Aundh, Balewadi, Pashan-Bavdhan Budhruk, Manjri Budhruk-Shewalewadi, Mahatma Phule Smarak-Bhavani Peth, Kothrud-Shivteerthnagar, Ramnagar-Shivane, Shivdarshan-Padmavati, Marketyard-Maharishinagar, Kondhwa Khurd-Meethanagar, Wanowried-Kausarbaug, Mommadwadi-Uruli Devachi, Kondhwa Budhruk-Yeolewadi and Katraj-Gokulnagar.Meanwhile, the PMC while releasing the draft electoral rolls has appealed to citizens to check their details, adding that correction requests, if any, can be filed in ward offices till July 1.

Maharashtra: Pune city witnesses 31 per cent rise in number of voters in last five years
Maharashtra political crisis: Aditya Thackeray dares rebels to take floor test
Times of India | 8 hours ago | 27-06-2022 | 09:21 pm
Times of India
8 hours ago | 27-06-2022 | 09:21 pm

MUMBAI: After the Supreme Court decision which has halted the disqualification of rebel MLAs, Thackeray junior has demanded a floor test. He said he has not yet read the Supreme Court's verdict though, would react to it later on. He also dubbed the Enforcement Directorate's (ED) summons to Shiv Sena MP Sanjay Raut as a “circus”. While expressing confidence that the Maha Vikas Aghadi (MVA) would emerge from the crisis, Thackeray said they (rebels) have only two options, one is to get disqualified or merge with BJP, MNS or Prahar party. He also said that if they want to return, Sena's doors are open. "We are confident of winning. We all have people's love with us. Those who betray don't win. Those who run away don't win," he told the reporters on the sidelines of a meeting with representatives from BDD chawls. “This is not politics, this has now become a circus.” Thackeray told a news agency while commenting on ED summons to Raut. Shiv Sena MP Sanjay Raut also termed the Enforcement Directorate's summons issued to him as a “conspiracy” to stop him from fighting against their political opponents, and said he will not be able to appear before the agency on Tuesday as he has to attend a meeting in Alibaug. Thackeray called the Shinde camp "traitors, not rebels", and said, they should have resigned and contested the election. "Those who ran away from here & are calling themselves rebels, if they wanted to rebel, they should've done it here. They should've resigned and contested election. The second floor test would be when they sit before me, look me in the eye and say "what did we do wrong." Raut said he is a “Shiv Sena tiger” and the executive editor of a fierce newspaper like the (Sena mouthpiece) 'Saamana'. He asserted that such actions cannot weaken him mentally. Raut said if there are orders from the BJP leaders, they (the probe agency sleuths) can arrest him. Sanjay Raut's brother MLA Sunil Raut claimed the ED summons were to scare the parliamentarian as he has been opposing the BJP. In April, the ED provisionally attached assets worth more than Rs 11.15 crore of Sanjay Raut's wife Varsha Raut and two of his associates as part of this investigation. Raut in a tweet said, “I just came to know that the ED has summoned me. Good! There are big political developments in Maharashtra. We, Balasaheb's Shivsainiks are fighting a big battle. This is a conspiracy to stop me.Even if you behead me, I won't take the Guwahati route.” “Arrest me ! Jai Hind!” he added. In his tweet in Marathi, he also tagged BJP leader Devendra Fadnavis.

Maharashtra political crisis: Aditya Thackeray dares rebels to take floor test
UPSC Key-June 27, 2022: Know the relevance of ‘Deputy Speaker’ to ‘National Emergency’ to ‘Ranji Trophy’ for UPSC CSE
The Indian Express | 9 hours ago | 27-06-2022 | 07:45 pm
The Indian Express
9 hours ago | 27-06-2022 | 07:45 pm

Important topics and their relevance in UPSC CSE exam for June 27, 2022. If you missed the June 24, 2022 UPSC key from the Indian Express, read it hereFRONT PAGESena rebels challenge Dy Speaker’s decisions in SC, to be heard todaySyllabus:Preliminary Examination: Indian Polity and Governance-Constitution, Political System, Panchayati Raj, Public Policy, Rights Issues, etc.Mains Examination: General Studies II: Parliament and State legislatures—structure, functioning, conduct of business, powers & privileges and issues arising out of these.Key Points to Ponder:• What is going in Maharashtra Politics?• How many parties are there in Maha Vikas Aghadi now?• How the numbers add up in the Maharashtra Assembly?• The recent the decision by Deputy Speaker Narhari Zirwal to recognise Ajay Choudhary as leader of the Shiv Sena Legislature Party (SSLP) in place of Eknath Shinde, and the disqualification notices served on Shinde and the 15 MLAs-Rationality behind this decision?• Deputy Speaker in legislative assembly-know the role• The Deputy Speaker is elected by the assembly itself from amongst its members-True or False?• What is Article 178 of the Indian Constitution?• The Deputy Speaker is independent of the Speaker, not subordinate to him-True or False?• Current development in Maharashtra is Horse trading or Defection?• What constitutes ‘horse-trading’ or ‘defection’?• What Supreme Court said in the SR Bommai case (1994) with respect to Horse trading and Defection?• What is the anti-defection law, and what is its purpose?• The 52nd Amendment Act of 1985 and the 10th Schedule of the Constitution are related to what?• What constitutes defection? Who is the deciding authority?• What Supreme Court of India said in Kihoto Hollohan case (1993)?• Has the anti-defection law ensured the stability of governments?• Have any suggestions been made to improve the law?• The 91st Amendment Act of 2003 made one change in the provisions of the Tenth Schedule. What was that?• The disqualification of member on the ground of defection does not apply in the two exceptional cases. What is that ‘exception’?Other Important Articles Covering the same topic:📍Explained: How are a Speaker and Deputy Speaker elected📍Explained: The anti-defection law, and why Eknath Shinde could be poised to dodge it in Maharashtra📍Karnataka crisis: What was SC’s Kihoto Hollohan order of 1992, what is the role of Speaker?MP toasts its first Ranji title: ‘Moment of a lifetime’Syllabus:Preliminary Examination: Current events of national and international importance.Mains Examination: General Studies I: Modern Indian history from about the middle of the eighteenth century until the present significant events, personalities, issues.Key Points to Ponder:• Ranji Trophy for Madhya Pradesh-Why significant?• How did the Ranji Trophy started?• Who was Bhupinder Singh, the Maharaja of Patiala?• Bhupinder Singh and Ranji Trophy-Connect the dot• Know the format of Ranji Trophy• Which Team has won maximum no of Ranji Trophy?Other Important Articles Covering the same topic:📍How did the Ranji Trophy start and get its name?GOVT & POLITICSEmergency a black spot-on vibrant history of India’s democracy: PMSyllabus:Preliminary Examination: Indian Polity and Governance-Constitution, Political System, Panchayati Raj, Public Policy, Rights Issues, etc.Mains Examination: General Studies II: Indian Constitution—historical underpinnings, evolution, features, amendments, significant provisions and basic structure.Key Points to Ponder:• Emergency rule in 1975 -Know the background• The proclamation of emergency in 1975 was made on the what grounds?• Do you Know-The Emergency provisions are contained in Part XVIII of the Constitution, from Articles 352 to 360.• What was the rationality behind the incorporation of emergency provisions in the Constitution?• The Constitution of India stipulates three types of emergencies-Know them in detail• Know in detail about Article 352, Article 356 and Article 360.• Under Article 352, the President of India can declare a national emergency on what grounds?• External Emergency and Internal Emergency-Compare and Contrast• What was the 44th Amendment Act of 1978?• When the President of India can proclaim a national emergency?• The declaration of a National Emergency is immune from the judicial review-True or False?• What was the Supreme Court’s verdict in the Minerva Mills case (1980) with respect to emergency?• How proclamation of Emergency effects Centre–state relations, life and tenure of the Lok Sabha and State assembly, and on the Fundamental Rights?Other Important Articles Covering the same topic:📍40 years on, those 21 months of Emergency THE EDITORIAL PAGEBacksliding in AmericaSyllabus:Preliminary Examination: Current events of national and international importance.Mains Examination: • General Studies II: Issues relating to development and management of Social Sector/Services relating to Health.• General Studies II: Effect of policies and politics of developed and developing countries on India’s interests, Indian diaspora.Key Points to Ponder:• What is Roe v Wade?• What is the Mississippi law?• Why is the decision of the Supreme Court important?• Why is the decision of the Supreme Court criticised?• What has the Supreme Court said on Roe v Wade?• What will happen in the US now?• India’s Medical Termination of Pregnancy Act, 1971 and an Amendment in 2021-Key points• Abortion Laws in India vs Abortion Laws in other Countries Like USA, UK, Europe and Australia-Compare and ContrastOther Important Articles Covering the same topic:📍UPSC ethics simplified: abortion rights vs ethics📍Explained: What is Roe v. Wade which the US Supreme Court overturned, and why is it significant?Balancing on BRICSSyllabus:Preliminary Examination: Current events of national and international importanceMains Examination: General Studies II:  Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests.Key Points to Ponder:• Evolution of BRICS-Know in Detail• Evolution of BRICS from Russia-China (RC) to Russia-India-China (RIC) to Brazil- Russia-India-China (BRIC) to Brazil-Russia-India-China-South Africa (BRICS)• BRICS Development Bank-Key Features• Brazil, Russia, India, China and South Africa (BRICS) Economy-Key Features• RIC (Russia-India-China) out of BRICS-Significance and Stature in World Politics?• Why BRICS Matters?• The 14th BRICS Summit-Who Chaired the Summit?• 14th BRICS Summit Theme-“Foster High quality BRICS Partnership, Usher in a New Era for Global  Development”• Do you Know-The BRICS (Brazil-Russia-India-China-South Africa) brings together five of the largest developing countries, representing 41 per cent of the global population, 24 per cent of global GDP and 16 per cent of global trade.• What is BRICS Sherpa?• What is New Development Bank (NDB)?• Why was the new development bank formed?• How many countries are in the New Development Bank?• Asian Development Bank (ADB)and New Development Bank (NDB)-Compare and Contrast• What are the issues and challenges Associated to BRICS in present scenario?• Know the key proposal for an alternative reserve currency in detail• India-China Border Dispute-Background• China, India and Pangong Tso-Connect the dot• What is Line of Actual Control?• China’s aggressive attitude towards Indo-China Border and What impact can it have on India-China relations?• India-China and Relations after Galwan Clash-Connect the dotOther Important Articles Covering the same topic:📍Brazil, Russia, India, China and South Africa (BRICS)📍Why BRICS Still Matters📍BRICS and the creation of a multipolar worldEXPLAINEDWho Are The G7, Whose Summit In Germany India Has Been Invited To?Syllabus:Preliminary Examination: Current events of national and international importance.Mains Examination: General Studies II: Bilateral, regional and global groupings and agreements involving India and/or affecting India’s Interests.Key Points to Ponder:• What is G7?• Know the name of G7 countries• Map Work-G7 Countries• The G7 countries Global GDP• How did G7 become G8 and again G7-Reasons• Map Work-G7 Countries• G7 and India-Know in Brief• Know the difference between G7 and G20Other Important Articles Covering the same topic:📍Explained: The G-7 agenda this year, and what is in it for India📍Explained: What is the G7?Why sanctions are flaggingSyllabus:Preliminary Examination: Current events of national and international importance.Main Examination: General Studies II: Bilateral, regional and global groupings and agreements involving India and/or affecting India’s InterestKey Points to Ponder:• What sanctions have been placed on Russia, and their effectiveness?• Sanctions and Sovereign debt and its impact- US, the EU and Japan have taken steps to restrict Russia’s capacity to borrow on international markets.• USA’s sanctions on Russia-What are they?• European Union’s Council had adopted six rounds of sanctions-What were they?• Why do the sanctions appear not to have had the desired effect?• Have China and India had a role to play in this situation?• Sanctions targeting Russia have ended up hurting the West. How far you agree with this statement?• What other sanctions are to be expected?• How Economic Sanctions Work?• What do you understand by Sanctions and embargoes?• Economic sanctions on Russia-Impact and its effect on global scaleOther Important Articles Covering the same topic:📍Can sanctions work?ECONOMY‘Loose wheels’ behind EV recall: What next in Toyota’s journeySyllabus:Preliminary Examination: Economic and Social DevelopmentMains Examination: General Studies III: Infrastructure: Energy, Ports, Roads, Airports, Railways etc.Key Points to Ponder:• Why in News-Toyota Motor intends to recall 2,700 of its first mass-produced electric vehicles for the global market because of a risk the wheels could come loose.• How will it affect Toyota?• Hybrid Technology-What do you understand by this term in the context of Electric Vehicles?• Know these terms-Battery Electric Vehicle, Hybrid Vehicle, Plug-In Hybrid Vehicle and Fuel Cell Vehicle• Electric Vehicles Scope in India-Know in detail• Electric Vehicles in daily use-will be successful in Long run?• What do you understand by ‘Electric Vehicle’? How it is different?• Why Government of India is Pushing for adaptation of Electric Vehicles?• Electric Vehicles-What are the issues and Challenges especially in India’s Scenario?• India’s Commitment to reduce Carbon Emission like recent advocacy of five elements for climate change- “Panchamrit” at the COP26 in Glasgow• Transition to electric mobility- pros and cons• Various Government measures such as remodelled Faster Adoption and Manufacturing of Electric Vehicles (FAME II) scheme for the consumer side to production-linked incentive (PLI) scheme for Advanced Chemistry Cell (ACC)Other Important Articles Covering the same topic:📍India’s electric vehicle push will lead to brighter, greener future Get an e-paper subscription via our special offer – click hereFor any queries and feedback, contact priya.shukla@indianexpress.comThe UPSC KEY Indian Express is now on Telegram. Click here to join our channel and stay updated with the latest Updates.

UPSC Key-June 27, 2022: Know the relevance of ‘Deputy Speaker’ to ‘National Emergency’ to ‘Ranji Trophy’ for UPSC CSE
Repo rate rise: Should you choose a fixed interest rate home loan?
The Indian Express | 11 hours ago | 27-06-2022 | 05:45 pm
The Indian Express
11 hours ago | 27-06-2022 | 05:45 pm

The Reserve Bank of India (RBI) raised the repo rate in May and June by 90 basis points as inflation escalated. Two consecutive rate hikes by the RBI indicate that inflationary pressures are here to stay. Further rate hikes are expected and required to tame inflation. Following the changes in the repo, lenders have passed on the rate hikes to home loan borrowers. This has led to longer loan tenors or higher EMIs for borrowers with floating rate home loans. Only two months ago, home loan rates were trending at a decade low.The 40 bps hike in May resulted in the lowest home loan interest rates rising from 6.8% to 7.2%. With the latest rise of 50 bps, the lowest rates will now be in the 7.3 to 7.7% range. Considering further hikes of 50-75 basis points this fiscal year, the lowest rates may rise to around 8.5%. This will impact households. With this rapid rate increase, anyone who had financed at a rock-bottom rate in the last two years may soon be staring at a hundred or more additional EMIs.For example, for a loan of Rs 50 lakh at 7% for 20 years (240 months) has an EMI of around Rs 38,765. Assuming the same EMI with a 7.5% rate, the loan tenor will increase by nearly 23 months. At 8.5% with the same EMI, the tenor will increase by around 10 years.Amid the current interest rate scenario, many borrowers are contemplating if they should shift to a fixed-rate loan to protect themselves against interest spikes. To help you decide, we discuss here a few crucial pointers for both fixed and floating rate home loans.The interest rate is important in determining your equated monthly installments (EMIs). Therefore, you must understand both fixed and floating rate home loans. As the name suggests, a fixed interest rate home loan comes with a fixed interest rate for the entire tenor of the home loan. It doesn’t fluctuate as per the market trends, so it provides a sense of stability to the borrower. It helps you plan your monthly expense as the repayment amount remains unchanged.On the other hand, the interest rate in floating rate home loans fluctuates as per the prevailing market situation. The interest rate is linked to a base rate and a floating rate. So when the base rate changes, your floating rate also revises.Now, what is the difference between them? A fixed interest rate home loan is usually much higher than the floating rate. For example, one private bank advertises a lowest floating rate of 7.60% and a fixed rate of 12%. This means you will have to shell out a higher EMI than a floating rate home loan. Also, when the rate decreases, a fixed-rate home loan borrower cannot benefit from lower rates. The table below will give you a fair idea about the difference.10 Lowest Floating Home Loans RatesBANKS (Fixed rates)Note: Fixed interest rates may be subject to a revision after a specified tenure. Rates may apply only for a definite period and change to floating after that. Data taken from the respective bank’s website as of June 17, 2022. Contributed by BankBazaar.comWith inflation numbers increasing, the cost of living is also going up. In this scenario, it makes sense to always stick to avenues that help you have more money. A fixed-rate home loan may theoretically protect you against rate volatility. However, if it is already priced well above floating rates, it won’t really help. It helps in a scenario where floating rates have risen exponentially due to inflation, rising above fixed rates. This is an improbable scenario. If you had taken a fixed-rate loan in the last 2-3 years, you would have paid a substantial premium over floating rates which fell to as low as 6.40. And in a scenario where your fixed-rate becomes lower than floating rates, your gains may still be limited since you’ve been paying a substantial premium before that point. Secondly, the floating rate may still fall after an inflation spike, but your fixed rate will remain high.Prepayment costs refer to the amount you will incur if you want to pay off your debt faster. Depending on the lender and terms and conditions, there will be prepayment penalties on a fixed-rate home loan. Many banks charge repayment charges up to 3% of the outstanding amount. On the other hand, in floating rate, there are no such charges of prepayment or pre-closing the loan before the tenure. There will be a small simple interest payment. It is less than fixed-rate penalties.Home loan refinancing helps you pay off your existing home loan by availing of a new home loan that offers a lower interest rate and better terms and conditions. Refinancing helps borrowers by shifting them from a higher interest rate to a lower rate of interest along with flexible repayment terms. This contributes to their long-term savings. You can shift from floating to fixed interest rate and vice-versa. However, this conversion comes with a cost of up to 2 per cent of the total loan amount. This means that on a loan of Rs 30 lakh, you may pay as high as Rs 60,000 as conversion fees. Therefore, before availing of the refinancing facility, it makes sense to do your maths to understand how much you will have to shell out as the conversion charges and the amount of interest you will save.Home loans are typically repaid over a long period. In that period, interest rates may see several cycles. With a floating rate loan, you will get the benefit of falling rates as well as being able to pre-pay the loan without penalties. On the other hand, in an extreme inflation scenario where rates go from all-time lows to double digits, there may be short-term protection with a fixed-rate loan. Car and personal loans are examples of fixed-rate loans. They are short-term loans. Fixed or floating, there’s not going to be much difference in interest. So it doesn’t hurt to lock into a fixed rate and protect yourself against rate volatility in the short term. In some rare scenario, this may be true for home loans as well. There may be a small possibility that fixed-rate loans work for some borrowers in the short term where inflation spirals out of control and floating rates rise exponentially. But borrowers must do the math and verify this assumption. For most borrowers, it will probably not be true. In most cases, a floating rate loan with the option to pre-pay and pre-close is better.The author is the CEO at BankBazaar.com. The views expressed are that of the author.

Repo rate rise: Should you choose a fixed interest rate home loan?
Satara sugar mill under ED scanner reports second-highest cane crushed in state
The Indian Express | 17 hours ago | 27-06-2022 | 11:45 am
The Indian Express
17 hours ago | 27-06-2022 | 11:45 am

A sugar mill in Maharashtra’s Satara district, which is facing action from the Enforcement Directorate (ED) for alleged financial irregularities, has clocked the season’s second-highest sugarcane crushing.At the start of the 2021-22 sugarcane crushing season, Jarandeshwar Sugar Mills Limited had faced action from the ED which had provincially attached its property. The action by the central agency was allegedly due to financial irregularities in the manner the erstwhile cooperative mill was sold to a private party by the Maharashtra State Cooperative Bank.In July last year, the central agency had taken action against the mill implicating the family of Maharashtra Deputy Chief Minister Ajit Pawar for his alleged role in the undervalued sale of the mill. Ajit Pawar had denied the allegations and pointed out how all rules were followed during the auction of the mill.Founded in 2003 by former state minister Shalini Patil, the cooperative mill had come into trouble soon afterwards as bank and farmer dues started rising. The mill was put up for auction by the Maharashtra State Cooperative Bank and was subsequently purchased by a private party.Following the action by the ED, the Income Tax department had also taken action. The steps taken by the central agencies had seen farmers getting worried about the fate of their cane. Three cooperative mills had also failed to raise enough capital to start their season.As the season progressed, the sugar commissioner’s office had issued a crushing license to Jarandeshwar Mill after it had fulfilled all the conditions laid by it. During the 2020-21 season, Jarandeshwar had reported crushing 14.38 lakh tonnes of cane and paid farmers Rs 420.67 crore as the Fair and Remunerative Price (FRP) to its growers.At the end of the 2021-22 cane crushing season, Jarandeshwar has reported crushing 19.98 lakh tonne of cane. This was the second-highest cane crushed by a single mill this season after the 24.78 lakh tonne by the Vitthalrao Shinde Cooperative Sugar Mill in the Madha taluka of Solapur. In terms of sugar produced, Jarandeshwar had produced 2.25 lakh tonne of the sweetener—the third highest in the state. The mill to date has paid Rs 531.79 crore to its growers as against the Rs 525.05 crore it had to pay.For the growers in Satara, especially those in the Wai, Khandala, Satara, and Karad talukas, Jarandeshwar had come to the rescue as three cooperative mills which normally procure cane in these areas had remained shut. As the season progressed and the problem of standing cane became serious, sugar commissioner Shekhar Gaikwad had managed the distribution of cane to mills to ensure farmers are not faced with non-harvested cane.

Satara sugar mill under ED scanner reports second-highest cane crushed in state