UPSC Key-June 6, 2022: Why and What to know about ‘Black Money’ to ‘Gait Test’ for UPSC CSE

Black Money Act order against Anil Ambani: offshore assets Rs 800 cr

Syllabus:

Preliminary Examination: Current events of national and international importance.

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 Black Money?

• How Black Money Works?

• Black money includes all funds earned through illegal activity only-True or false

• Black Money is recorded for tax purposes-True or False

• How Black money affects country’s economy?

• Most people who have black money try to convert it into legal money, also identified as white money. What are the number of ways to do that?

• What do you understand by ‘Offshore investing’?

• What Is a Tax Haven?

• What do you understand by ‘Offshore Tax Havens’?

• What are major initiatives taken by the Government of India to curb black money?

• Black Money and Imposition of Tax (Undisclosed Foreign Income and Assets) Act 2015-Key Highlights

Other Important Articles Covering the same topic:

📍No official estimation of black money in foreign accounts in last five years: Govt in Parliament

📍Undisclosed Foreign Income and Assets (Imposition of Tax) Bill, 2015

📍Offshore Investing: Pros and Cons

📍Tax Haven

Ethanol blend target reached; nation, environment gain: PM

Syllabus:

Preliminary Examination: General issues on Environmental ecology, Bio-diversity and Climate Change – that do not require subject specialisation.

Mains Examination: General Studies III: Conservation, environmental pollution and degradation, environmental impact assessment.

Key Points to Ponder:

• World Environment Day on 5 June is the biggest international day for the environment Led by which organisations/Body/Institution?

• World Environment Day and United Nations Environment Programme (UNEP)-Connect the dots

• United Nations Environment Programme (UNEP)-About, Role, Vision and Mission

• Why does UN Environment Programme matter?

• What is Stockholm+50?

• What happened at the 1972 Stockholm conference?

• What is UNEP@50?

• What is Ethanol?

• What is Ethanol Blending?

• What is the Significance of Ethanol Blending?

• National Policy on Biofuel 2018-Know the key Features

• What amendments have been made in National Policy on Biofuel 2018 so far?

• What is the current blending status?

Other Important Articles Covering the same topic:

📍Why does UN Environment Programme matter?

📍Frequently Asked Questions

📍Developed nations should take lead in checking climate change: Justice Mishra

THE EDITORIAL PAGE

Taming inflation

Syllabus:

Preliminary Examination: Economic and Social Development

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

Key Points to Ponder:

• What is India’s GDP growth rate Projection by RBI and National Statistical Office (NSO) for 2022-23?

• How Fast tightening of loose monetary policy, prudent fiscal policy and rational trade policy can control inflation? (Hint: Given in the Article)

• Self-Reliant and Self Sufficient-Know the Difference

• 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 Role

Other Important Articles Covering the same topic:

📍 What is the significance of wholesale and retail inflation rates diverging

📍 Rising inflation: cause, effect

📍 What Is Inflation?

 PERFECT HARMONY

Syllabus:

Preliminary Examination: Current events of national and international importance

Mains Examination: General Studies I: Indian culture will cover the salient aspects of Art Forms, literature and Architecture from ancient to modern times.

Key Points to Ponder:

• Personality in News-Pandit Bhajan Sopori

• Pandit Bhajan Sopori and his Contributions in Hindustani Classical Music-Know in detail

• Pandit Bhajan Sopori and Kashmiri shaivism and sufiyana mausiqi-Connect the dots

• What is Kashmir Shaivism tradition and Sufiana Mausiqi?

• Santoor-About and key Characteristics

• Indian Classical Music-Key Features

• Hindustani Music and Carnatic Music-Compare and Contrast

• Genesis of Hindustani Music-Have you heard of Bharata’s Natyashastra?

• Major Styles of Hindustani Music-Know in Brief (Hint-Dhrupad, Khayal, Thumri etc.)

• Hindustani Music Gharanas-What do you understand by the term ‘Gharana’?

• Can you name some Hindustani Music Gharanas?

Other Important Articles Covering the same topic:

Other Important Articles Covering the same topic:

📍Bhajan Sopori’s demise leaves the santoor orphaned. The void will be hard to fill.

THE IDEAS PAGE

The petropolitics churn

Syllabus:

Preliminary Examination: Current events of national and international importance.

Mains Examination: General Studies II: Effect of policies and politics of developed and developing countries on India’s interests, Indian diaspora.

Key Points to Ponder:

• Ukraine-Russia conflict and petroleum geopolitics-Connect the dots

• Ukraine-Russia War-Try to understand the changing dynamics in diplomatic relations and its impact on India

• Impact of the Ukrainian crisis on Europe’s and India’s energy sector?

• The Ukraine crisis throws up many learnings-what are they?

• Ukraine-Russia conflict and its impact on world’s macro-economy

• Balance of payments, exchange rate and inflationary consequences of rising oil prices due to war

• Value of India’s energy assets in Russia-how much and what will be the impact of war on them

• According to the author, India will also be affected by the emergent energy landscape. What are the Four features that define this landscape?

• The Ukraine crisis throws up many learnings-what are they?

• Five broad policy suggestions by the Author-what are they?

Other Important Articles Covering the same topic:

📍Autocrats and Oil

EXPLAINED

WHAT 46-KM FLIGHT IN GUJARAT COULD MEAN FOR FUTURE OF DRONE DELIVERY

Syllabus:

Preliminary Examination: Current events of national and international importance.

Mains Examination: General Studies III: Science and Technology- developments and their applications and effects in everyday life.

Key Points to Ponder:

• Drones, or unmanned aerial vehicles (UAVs)-Know in detail

• What is Anti-drone technology?

• Recent parcel Delivery by using drone technology indicates what?

Other Important Articles Covering the same topic:

📍Explained: Facing up to the drone challenge 

Why kidney rackets thrive

Syllabus:

Preliminary Examination: General Science

Key Points to Ponder:

• Kidneys-What do they do in Human Bodies?

• Kidney-Know the Anatomy

• How common are kidney transplantation rackets, and how do they perform?

• Transplantation of Human Organs and Tissues Act, 1994, amended in 2011 and 2014-Know the key provisions

• The demand for Kidneys and Health of Indians-Connect the dots

• Why do rackets target kidneys?

• What causes kidney failure?

Other Important Articles Covering the same topic:

📍The Kidneys – a Basic Guide

📍Delhi: Momo seller from Assam, youth from Gujarat among those targeted in kidney racket

The finials on Jama Masjid, other structures

Syllabus:

Preliminary Examination: History of India and Indian National Movement.

Mains Examination: General Studies I: Indian culture will cover the salient aspects of Art Forms, literature and Architecture from ancient to modern times.

Key Points to Ponder:

• Jama Masjid in Delhi-Know the Architecture

• Importance of finial in Jama Masjid-Know in detail

• The finials on Mughal tombs all over India represents what? (Hint: Given in the Article)

• Indian Islamic or Indo-Islamic Architecture-Know in detail

Other Important Articles Covering the same topic:

📍Fine Arts Class 11th NCERT (Ch-8: SOME ASPECTS OF INDO-ISLAMIC ARCHITECTURE)

How a ‘gait test’ helped establish identity of accused in Mumbai rape-murder

Syllabus:

Preliminary Examination: General Science

Key Points to Ponder:

• What is gait analysis?

• What exactly do gait analysts do?

• Is gait analysis a widely used legal technique?

• Has it been used in India earlier?

• How reliable is a gait test in identifying suspects?

Other Important Articles Covering the same topic:

📍Saki Naka rape case: Man gets death for raping, killing woman

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