UPSC CSE Key – May 5, 2022: What you need to read today

FRONT PAGE

Inflation finally hits RBI, pushes it to raise key policy rate, sudden and sharp

Syllabus:

Preliminary Examination: Economic and Social Development

Mains Examination: General Studies III: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment

Key Points to Ponder:

• What is REPO rate?

• What is the Current Repo Rate?

• What is Cash Reserve Ratio (CRR) Rate?

• What happens when Repo Rate and CRR is increased?

• Why did RBI increase the REPO and CRR recently?

• What is the Monetary Policy Committee?

• Inflation and Various Types of Inflation-Know in Detail

• Causes of Inflation in recent time?

• Long term, Medium Term and Short-term impact of Inflation

• How Inflation is Measured in India?

• What do you understand by Wholesale Price Index (WPI) and Consumer Price Index?

• What is CPI-based Inflation or Retail Inflation?

• The base year of Wholesale Price Index (WPI)?

• Base Year for Consumer Price Index (CPI)?

• Impact of increase in the REPO and CRR on Money Supply on an Economy-Inflation or Deflation?

• Know about these terms-Bank Rate, Reverse Repo Rate, Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) etc.

• New Standard for Measuring Inflation in India and Old Standard for Measuring Inflation-Key Differences

• Steps or Measures Taken by GOI to Control Inflation

• National Statistical Office (NSO)-About, Vision, Mandate and Role

• ‘Tapering’- what does it mean?

• US Fed Taper-Meaning

• US Federal Reserve Policies and its Impact on India

Other Important Articles Covering the same topic:

📍 Ahead of Fed hike, the worry: RBI behind curve

📍 How RBI dropped inflation ball

📍 First of many hikes

📍 A Jolt From RBI

📍 Explained: Federal Reserve signals, and Indian markets

‘Intimidating’ Saha: BCCI slaps 2-year ban on Boria Majumdar

Syllabus:

Preliminary Examination: Current events of national and international importance.

Mains Examination: General Studies IV: Ethics and Human Interface

Key Points to Ponder:

• Wriddhiman Saha vs Boria Majumdar: What led to the journalist’s ban?

• Why Media Is Called as The Fourth Pillar of Democracy?

• What are the responsibilities of Journalist towards the Society?

• Importance of Journalism-Know in detail

• What do you understand by the term “Journalism ethics”?

• Media Ethics and Journalism Ethics-Compare and Contrast

• What are the Ethical dilemmas faced by Journalists anywhere in the world?

• What are the Issues Associated with Media and Journalism in India?

• What do you understand by ‘Yellow journalism’?

• How Media Is Regulated in India?

• What are the Loopholes in Media Regulation in India?

Other Important Articles Covering the same topic:

📍 The Digital Media Code balances many priorities, interests of several stakeholders

📍 Journalism is a responsibility, not a tool to mislead people, says Javadekar

PM discusses Ukraine with Nordic leaders, meets Macron in Paris

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:

• Second India-Nordic summit in Copenhagen-Key Highlight

• India-Nordic Summit-Know the Background (Note: Nordic Summit is Different from Nordic Council)

• Which countries are Nordic?

• Map Work-Locate Denmark, Sweden, Finland, Norway and Iceland and Know the physiography of these countries

• Nordic Countries vs Scandinavian Countries-Compare and Contrast

• Map Work-Locate Nordic and Scandinavian Countries

• What Explains Why the Nordic Countries Are Constantly Among the Happiest in the World?

• Prime Minister Narendra Modi trip to Germany, Denmark and France-Know the Significance of this trip in the current scenario

• India and Germany-Bilateral relationship between the two, Background and current Status

• India-Denmark and Green Strategic Partnership-Significance

• India and France-Historical Background and Strategic partnership between the two Nations

• India and European Union-Historical Relations and Current Status

• Know about European Union (EU)

• European Union (EU)-Members (Locate on Map)

• European Union and ‘Copenhagen criteria’

• India’s Geopolitical Stature and Changes in India’s Diplomacy-Elaborate in the current scenario

Other Important Articles Covering the same topic:

📍 In Copenhagen, PM Modi is told: Hope India influences Russia to end war

📍 Explained: The significance of PM Modi’s Europe tour

GOVT & POLITICS

Centre cuts wheat quota under PMGKAY, adds rice to fill gap

Syllabus:

Preliminary Examination: Economic and Social Development

Mains Examination: General Studies II: Welfare schemes for vulnerable sections of the population by the Centre and States and the performance of these schemes

Key Points to Ponder:

• Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY)-Key Features

• Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY)-Benefits

• Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY)-Who all are eligible?

• What are the arguments for and against continuation of Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY)?

Other Important Articles Covering the same topic:

📍 Cabinet approves extension of Pradhan Mantri Garib Kalyan Ann Yojana (PMGKAY) for another four months (December 2021-March 2022)

EXPLAINED

Death data in CRS, and why they don’t tell the story of India’s Covid toll

Syllabus:

Preliminary Examination: Economic and Social Development

Mains Examination: General Studies I: Population and associated issues

Key Points to Ponder:

• New data from the office of the Registrar General of India-Key Highlights

• Civil Registration System (CRS) in India-Background

• Registrar General of India-About, Role and Functions

• What do the Civil Registration System (CRS) data say about Covid-19 deaths?

• Why are registrations rising?

• How will we know the Covid-19 death count?

Other Important Articles Covering the same topic:

📍 The dead have been counted

📍 Civil Registration System in India

THE EDITORIAL PAGE

No Country for Her

Syllabus:

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.

Key Points to Ponder:

• What is Roe v Wade?

• What is the Mississippi law?

• Why is the decision of the Supreme Court important?

• What if Roe is overturned?

• 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 Contrast

Other Important Articles Covering the same topic:

📍 Roe v. Wade: what happens if US top court junks ruling

THE IDEAS PAGE

Unfreedom of speech

Syllabus:

Preliminary Examination: Current events of national and international importance.

Mains Examination: General Studies II: Government policies and interventions for development in various sectors and issues arising out of their design and implementation

Key Points to Ponder:

• Unlawful Activities (Prevention) Act (UAPA)-Key Highlights

• Unlawful Activities (Prevention) Act (UAPA) and Human Rights-Connect the dots

• Unlawful Activities (Prevention) Act (UAPA) and Article 22 of the Constitution-Connect the Dot

• Know the Terms-Punitive detention and Preventive detention

• What is ‘Hate Speech’?

• Law Commission of India on ‘Hate Speech’-Key Takeaways

• Article 19 of the Constitution and Hate Speech-Connect the dots

• What are the Laws in India restricting the freedom of expression?

• Impact of Hate Speech on Freedom of Expression

• International Legal Regime on Hate Speech

Other Important Articles Covering the same topic:

📍 The Supreme Court of India Reads Article 21 Protection into the Stringent UAPA Bail Jurisprudence:

📍 Hate Speech

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