5 October 2017-The Hindu Editorial News Paper Analysis- [UPSC/SSC/IBPS/UPPSC] Current affairs 2017 - Videos

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Kharip Crops: Jowar , Rice, Millet , Maize, Soyabean, turmeric , Groundnut , Cotton , Sugarcane

Gross Value Added+Taxes-Subsidy=GDP

Monetary Policy of India is created and executed by the Reserve bank of India. It have 6 members-3 from government office and 3 from bank.The governor of RBI is the head of the policy and its is announced bi-monthly.It make policies to control
1)Supply OF money(control inflation)
2)Rate of interest(cost of money)
The main objective of the monetary committee is to
1)regulate the stock and the growth rate of money supply
2)to regulate the entire banking system by maintaning proper CRR and SLR ratios
3)to determine the rate of interest for allocating load and for infusing money in marketing
4)to keep inflation in range 4+/-2 and to attain price stability.
5)to promote economic growth

Thank u sir, in today's SSC MTS paper they were asked 10 questions 15 mark from ur videos, for example: 1) DPSP come under which part of the Constitution?
2) full form of GDP
3) full form of UJALA
And 2 additional questions on economy or Naval exercise etc,.
Thank u "Study IQ" Team for providing videos.

Most accurate answer of subjective question point wise :-
question :-The Lok Sabha recently approved the Finance Bill 2016 which included an amendment to the RBI Act clipping the central bank governor’s powers to set monetary policy.

The amendment made to the RBI Act through the Finance Bill removed the governor’s powers to singularly set monetary policy vesting them in a six-member Monetary Policy Committee.After the Finance Bill is approved by the Rajya Sabha, the process of setting up of the Monetary Policy Committee (MPC) will be set in motion.

About the MPC:

Last year, the government and the Reserve Bank of India (RBI) had agreed to adopt a monetary policy framework, which will make taming inflation the primary priority of the central bank’s policy decisions.

What it does?

The MPC will set interest rates to keep retail inflation within targets. Inflation targets will be set once every five years.

Composition:

The committee will have six members. Of the six members, the government will nominate three. The RBI Governor will chair the committee. The governor, however, will not enjoy a veto power to overrule the other panel members, but will have a casting vote in case of a tie. No government official will be nominated to the MPC.

The other three members would be from the RBI with the governor being the ex-officio chairperson. Deputy governor of RBI in charge of the monetary policy will be a member, as also an executive director of the central bank. Decisions will be taken by majority vote with each member having a vote.The government nominees to the MPC will be selected by a Search-cum-Selection Committee under Cabinet Secretary with RBI Governor and Economic Affairs Secretary and three experts in the field of economics or banking or finance or monetary policy as its members.Members of the MPC will be appointed for a period of four years and shall not be eligible for reappointment

Pressure on MPC to cut interest rates :-

With inflation falling to record low levels and industrial growth slipping to below 2 per cent it’s time to cut interest rates by MPC.The consumer price inflation (CPI) is already below the expected range and may further gets down with good monsoon prediction by meteorological department.The caution displayed by the Reserve Bank of India (RBI) in recent months has come under a lot of criticism. It has led to over targeting the inflation.Favourable conditions exist :- These uncertainties seem to have receded. It is now more clear than before that food prices have not retreated only because of the disruption due to demonetisation. The transition to the new goods and services tax (GST) seems to be a smooth affair. The monsoon has got off to a good start. The US Federal Reserve may go slower than expected when it comes to whittling down its bloated balance sheet.

Conclusion :-

However MPC should gauge the consequences of it’s move against possible interest rate cuts. Any haste in it can be detrimental to the achieved macroeconomic stability and stable inflation policy.

NITI aayog vice chairman – Dr. Rajiv Kumar.

opec hq — vienna, austria

The MPC (monetary policy committee),operative from financial year 2016-17,is a six member body headed by the governor of RBI in India.The committee's core commitment is the regulation of inflation,current target.2-6%,in the economy and focus on growth. The committee is responsible and accountable for the policies framed and has to present the report for the same. The policies,including variance in the various rates,should be directed by the internal and external factors.

The recent verdict of RBI to hold the repo rates explains the welter of internal and external affairs which range from the US Fed's balance sheet normalization policy and European union effect to price rise of global crude oil as a result of disequilibrium of demand and supply, price rise of kharif crops,loan waivers which would effect the quality of public expenditure. The major concerns that revolve around MPC is the increased CPI inflation to 1.5%,increased household inflation and the cuts in GAV by 0.6% from initial 7.3%.

gva = gdp + subsidies-indirect taxes

sir who determines the inflation target — MPC or central govt

Good work. Keep doing man ?

MPC recommend by urjit patel

There is 6 members comittee. 3 from RBI and 3 From government. They meet 4 time in a year. Opec headoffice Austria

Inflation target 2%to 6%.

Kharif crop duration (july to October). Cultivated in july and harvest in October.

Ex. Rice, cotton, sugarcane

Jwar, corn, bajra also example of kharif

GVA=GDP_TAXES ON PRODUCTS + SUBSIDIES

Chairman of niti Ayog_Rajiv kumar

Reason for increasing coal production has been taken into acct with a view to export of coke.

Veer, can u make a resourceful video on the topic "is the govt offices and ventures are understaffed?" And "how ethical and effective the outsourcing 8n govt functions and ventures?"

Rajiv kumar niti aayog keep vice chairman

The Monetary Policy Committee of India is a committee of the Reserve Bank of India that is responsible for fixing the benchmark interest rate in India. The meetings of the Monetary Policy Committee are held at least 4 times a year and it publishes its decisions after each such meeting.

The committee comprises of six members – three officials of the Reserve Bank of India and three external members nominated by the Government of India. They need to observe a "silent period" seven days before and after the rate decision for "utmost confidentiality". The Governor of Reserve Bank of India is the chairperson ex officio of the committee. Decisions are taken by majority with the Governor having the casting vote in case of a tie. The current mandate of the committee is to maintain 4% annual inflation until March 31, 2021 with an upper tolerance of 6% and a lower tolerance of 2%.

The committee was created in 2016 to bring transparency and accountability in fixing India's Monetary Policy. Minutes are published after every meeting with each member explaining his/her opinions. The committee is answerable to the Government of India if the inflation exceeds the range prescribed for three consecutive months.

Pressure on monetary policy committee to reduce interest rates is due to various reasons:-
1) Consumer inflation rate has surged to 3.36% in August as compared to 2.36% in July.
2) Core inflation which excludes food and energy has grown to a record high of 4.6% in August with high prices in key areas such as health and education.
3) WPI inflation reached 0.9% in June 2017, 1.88% in July and 3.24% in August 2017.
4) Risks have increased for food inflation due to indifferent monsoon in many parts of country and lower Kharif acreage.
5) Impact of Demonetisation and GST
6) Industries are expecting rate cut to boost their growth

RBI is having its eyes on uncertainity of US Federal Reserve as it starts massive monetary stimulus and concern for weak rupee which has its impact on market stability and will increase import inflation

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Nice lecture sir
Very good competition between study circle and unacadamy

Sir article should be short and simple point wise

Can i have the link of PINK movie sir????

Awsome work bro..thanx alot..keep us updating..

Please correct Gravitational word pronunciation

good morning sir

monetary policy is a policy consisting of 3 members from the rbi and 3 members from the government where the rbi governor is the head of the committee..earlier there was only one member who took sole decision , i.e the rbi governor..the committee takes care of the inflation rate which is suppose to be from 2 to 6% using methods like repo rate , bank rate etc. there is a pressure on monetary policy committee to cut interest rate because if the inflation rate is below 2% it affcets the manufacturere since they would not be able to prouce more goos whereas if it is above 6% it affcets the consumers because it lea to the rise in prices..moreover the world economy changes with the change ijn monetary policy of the fed reserve . and since gst is excluded from crude oil ..with the lesser supply an the ever increasing eman the prises will be rase in the international market. therefore the solution is to implement the gst properly and mention at which prouct gst is to be applied and not.. to increase the capital of the bank so that it is to able to lend loans and reduce the problem of non profit assets and twin balance sheets. and last but not the least to increase the public sector investment which have been neglected from a long time.

Sir apka new format acha laga lecture ka..Sir aapne jis trike ke mains ke question include kiye h ab…to sir apse req. H ki daily ki the hindu ki vocabulary bi add kr dijiye editorial se related…jisse daily ka ek chapter wise complete ho jayega…..Aagr apko mera suggestion thk lage to plz reply dijiyga mujhe .

GVA-Gross Value Added is additional charges which is added in net value.
GDP-Gross Domestic Product means goods and services which is produced within domestic territory of country in one year.

sir apki pdf file fb may kis naam sy h

Your videos are becoming very monotonous…..stick to the issue.

WHAT IS MPC?
– The Monetary Policy Committee set up by the GOI to provide more value and transparency to the decision making process
– The Reserve Bank of India Act, 1934 (RBI Act) has been amended by the Finance Act, 2016, to provide for a statutory and institutionalised framework for the MPC.

THE WORKING
– The committee has six members
– Three members from the RBI and the rest three appointed by GOI
– The committee is headed by the RBI Governor
– The Governor has Veto in case of the tie b/w the decision
– The committee will hold the office for 4yrs
– The members of the RBI in the committee include
a. The Governor
b. The deputy governor
c. The officer of the bank nominated by the Central Board

THE AIM
– The aim is to maintain price stability, while keeping in mind the growth objective. The MPC has been entrusted with the task of fixing the benchmark policy rate (repo rate) required to contain inflation within the specified target level.
– The repo rate target has been fixed between 2% to 6% (or 4%+-2%)
– The target has been set from the Aug 5 2016 to March 31 2021

MOUNTING PRESSURE ON THE COMMITTEE TO REDUCE THE REPO RATE:-
– The repo rate means the rate at which the RBI lends Money to the Banks
– Recently growth of Manufacturing sector (the industrial output in the recent quarter stood at 2.35 % )and the economic activity (GDP at 5.7%) in the country have seen a set back after the unplanned implementation of various schemes, specifically the Demonetisation and GST.
– They have contribute to low demand in already declining Economy which implies that people have lost the interest to spend either because they do not have money or they do not have the surety about the market and the economy
– Hence, there is need to infuse money to increase the demand and boost the sectors like Manufacturing , Housing, Banking and the agriculture
– Thus the pressure have been mounting on the RBI for decreasing the Repo rate.