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

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  2. बहुत ही अच्छा essay लिखा है आप लोगो ने……..but सभी मे से कुछ point को जोड़ दिया जाए तो एक शानदार essay बनेगा….thanks a lot to all my lovely friends…….KIU

  3. Sir,I think that literacy and awareness can minimise this difference between India and Bharat.

    Everything have both sides
    Negative as well as positive
    But some things have more positive impact
    Whereas some have negative
    So, if we are going to adopt a completely digitalized economy

    Then we can make its impact positive
    Only and only when we wil make it aware to people and eco-friendly

  4. BULLET TRAIN:PROS AND CONS

    As India and Japan signed an MoU for High Speed Rail Project, more popularly referred to as Bullet Train project, during the recent Indian visit of Prime Minister Shinzo Abe of Japan, a debate has ensued on the various dimensions of the project.

    PROS
    a) the present deal, where the repayment period is 50 years with an initial moratorium of 15 years and an interest rate of mere 0.1 per cent. The starting annual ridership on this route is expected to be 13 million in 2023, which is projected to go up to 68 million by 2053. So if revenue streams and inflation are factored in, the loan comes at virtually no cost and the project essentially self finances.
    b) This would save time and boost businesses amongst the connected cities. Also resolve he problem of fast transportation.
    c) Earlier there were questions raised on the safety issues of these high speed trains but the Shinkansen network of Japan shows excellent records of safety. Ever since the bullet trains started in 1964, the Shinkansen has reported zero fatalities.
    d) also eco-friendly as they do not require deforestations to set tracks.
    e) Also it’s beneficial for Indian economy as 1=revenue generation 2=Job creation
    CONS

    Cost of construction is high as well as Operation and maintenance costs would also be high and if project is fail means not attract to people then it will become burden to Indian economy.

    Time consuming project: The project is at its initial level of planning and it is predicted that the implementation of the plan would take years. In between if there is a change in government, and then the project could face the consequences.

    For laying tracks, there would be issues of land acquisition which might trigger anger amongst commoners whose everyday living might come under menace.
    This project might have other issues under India’s present condition including plaguing of power sector, choice of speed and gauge, minimum length of the route for the viability of the project, etc. It is important to understand whether or not India is ready for this change.
    Bullet train has sets of pros and cons under India’s present situations and they need to be properly handled so that it brings prosperity and development in the country. There are risks in this project but without risks nothing big can be acquired.

  5. Digital economy: A leveller or a source of economic inequality

    Need for Digital economy
    :Digital economy refers to an economy that is based on digital computing technologies.Debit cards , credit cards, internet, Mobile wallets, USSD(Unstructured supplementary service data) are the various means of digital transactions. The need for digital economy became stronger in india after prime ministers announcement of demonetization of higher currency notes of 500 and 1000.
    IMPACT OF DEMONETISATION:
    At the stroke of the hour on midnight of 9th November 2016, India lost 86% of its monetary base. In this single move, the Government has attempted to tackle all the three issues affecting the economy i.e. a parallel economy, counterfeit currency in circulation and terror financing

    A drastic reduction in the use of cash has the following benefits:
    • There will be greater efficiency in welfare programmes as money is wired directly into the accounts of recipients.
    • There will be efficiency gains as transaction costs across the economy should also come down.
    • Reducing use of cash would also strangulate the grey economy, prevent money laundering and even increase tax compliance, which will ultimately benefit the customers at large.
    • Usage of cashless mechanisms would also ensure that loopholes in public systems get plugged, and the intended beneficiaries are able to avail the benefits due to them.

    Benefits for individuals:
    • No need for queues outside ATMs.
    • No cashout during long holidays.
    • No waiting for a deposited cheque to be credited.
    • No risk of carrying currency notes in the wallet.
    Barriers to cashless transactions:
    • Lack of access to banking for a large part of the population as well as cash being the only means available for many.
    • An overwhelming majority of retailers, suppliers and service providers belong to the unorganised, informal sector. They have neither the infrastructure to offer card-based transactions nor the inclination to encourage consumers to pay by credit cards or debit cards.
    • The perception of consumers also sometimes acts a barrier. The benefit of cashless transactions is not evident to even those who have credit cards. Cash, on the other hand, is perceived to be the fastest way of transacting for 82% of credit card users. It is universally believed that having cash helps you negotiate better.
    • Most card and cash users fear that they will be charged more if they use cards. Further, non-users of credit cards are not aware of the benefits of credit cards.

    How can the situation be improved?
    • By effective implementation of initiatives like Jan Dhan accounts.
    • By putting in place robust payments mechanism to settle digital transactions.
    • By giving incentives such as a service tax waiver when credit cards or other forms of digital settlements are used.
    • The Reserve Bank of India too will have to come to terms with a few issues, from figuring out what digital payments across borders means for its capital controls to how the new modes of payment affect key monetary variables such as the velocity of money.
    • RBI will also have to shed some of its conservatism, part of which is because it has often seen itself as the protector of banking interests rather than overall financial development.
    • The regulators also need to keep a sharp eye on any potential restrictive practices that banks may indulge in to maintain their current dominance over the lucrative payments business.
    India is ripe for a transition to digital payments. While a cashless economy is not here, the move towards a less-cash economy has begun. Recent expansion in digital wallet usage and the introduction of specialized payments banks are good moves in this direction. But, a lot needs to be done before cash is eased out of the Indian economy other wise it will widen the gap between rich and poor and discriminates people based on financial literacy .

  6. Q. Four oldest university of india? Estd? Governer general then?
    Ans.
    1. Serampore college(west bangal)- Estd.: 1818
    Three English missionaries – William Carey, Joshua Marshman and William Ward had established the college
    2. Indian institute of technology Roorkee (UK)- Estd.:1847
    Formerly known as the University of Roorkee and the Thomason College of Civil Engineering.
    3. University of Mumbai: Estd.: 1857
    4. University of Madras: Estd.: 1857
    Q. Min quoram of RS and LS?
    Ans. 10% of total member ship
    LS- 552(max.),quoram-55
    RS- 250(max),quoram-25
    Q. Nobel peace prize 2016?
    Ans. Kailash satyarthi and Malala yusufzai
    Q. Water man in india?
    Ans. Dr. Rajendra Singh (born 6 August 1959) is a well-known water conservationist from Alwar district, Rajasthan in India. Also known as "waterman of India", he won the Stockholm Water Prize, an award known as "the Nobel Prize for water", in 2015.

  7. Digital Economy is a boon for our country. Digital India Programme launched by the government is a great step to raise awareness among people.Under 'Pradhan Mantri Jan Dhan Yojana',millions of bank accounts were opened with zero balance account.The Government has linked Aadhar with centrally sponsored schemes through which transparency could be maintained in the schemes and loopholes could be eradicated.Through e wallet, money can be transferred instantly and demonetization has given a push to digital economy.Many applications like Bhim app through which making India cashless launched by government has made digital economy more viable.Although there are various challenges before Digital Economy.1)Corruption-As demonetization was not a complete success,black money has again started generating.2)Weak Cyber Security-Our personal Data like Aadhar ,Pan Card and other details are easily accessible by anyone or even by the government.Our personal data is not safe online and is a biggest threat to our privacy which somewhere create doubt in public opinion so by concluding this I would say that Digital Economy is a success and further steps needed to be taken to make it a complete success.

    This is my first time I have tried to answer a question on my own.I know this is not proper but I have tried to write as much as I can understand about the topic

  8. Big boss में चुन चुन के aggressive लोगों को सेलेक्ट किया जाता है, जिस से खूब लड़ाई होता रहे

  9. Q. Write essay on- Digital economy: A leveler or source of economic inequality?
    Ans. Digital economy: A leveller or a source of economic inequality
    Stakeholders of an economy:
    A simple economy consists of producers, households, government and intermediaries. The main function of the producers is to efficiently use resources to produce products. The households who consume these products have to supply labor. The government, besides consumption is tasked with re-distribution of income through taxes, subsidies and welfare policies. The channels through which the producers, households and governments interact in an economy is either direct or through intermediaries, sellers, banks and financial institutions. With the advent of internet and computers, these channels which would have required man to man interface has been replaced by man to computer or man to mobile interfaces.
    Indian economy, which is fourth largest economy in the world is grappling with high absolute poverty and high income inequality. On the inequality index she ranks 60th globally, where top 1% earn as much as bottom 20%. Private sector and the government are slowly transitioning towards a digital economy. This transition has wide effects on broad economic parameters like GDP growth, employment, per-capita income and its distribution. It would be prudent for us to examine whether these effects combined leads towards economic equality.
    Digital Economy- The Production Sector:
    Digital economy has led to a spur in innovation. Innovation serves as an engine of growth- aggregate as well as per-capita. E-commerce, cloud-computing, ITeS, smart grid has created many opportunities for the producers and the sellers. Sellers who use digital platforms reach out to large number of buyers resulting in increased sales. B2B e-commerce between industries who supply raw materials to manufacturing industries lead to higher production efficiency. The ease of doing business is improved. India is having a start-up boom which is creating successful entrepreneurs. However these success stories come with a caveat. If the profits are not evenly distributed between owners, CEOs on one side and mid-level and low-level employees on the other, the expansion of the Production sector will only increase inequality. Opportunities are at first grabbed by a few and hence the benefits remain limited in the hands of a few.
    Unorganised sector:
    India has a large unorganised sector. This sector suffer from low wages and non-existent retirement benefits. Use of Aadhar to link them to gov't schemes, digital wage payments that will help enforce minimum wages, an online job portal where they can be registered that will increase their employment opportunities- are some of the many interventions made possible by digital economy. Income of daily wage earners and contractual workers will increase. They will be able to provide better opportunities to their children, a large section of society will be economically uplifted generation by generation.
    Agriculture:
    Agriculture which contributes 4% of GDP employs 60% of working force. A large labor surplus keeps farmers income low, among other things. It is necessary that farmers are provided a larger market for their produce as well as the surplus labor are employed in other growing sectors. Digital economy creates opportunities for growth in other sectors. Hence, the surplus labor can be freed and employed in other sectors, their income increases. As a result, farmers can use capital intensive technologies, their productivity will increase, so will their income. An integrated National Market for agriculture produce made possible by digital technology can help farmers fetch better price and immediate payment. Digital economy also ensures that they get crop insurance settled without waiting for a physical inspection. Ease of availing government transfers, banking services will also help in improving conditions of the farmer.

  10. Contd.
    Digital Economy- Households:
    Households has high dependence on cash. However, transaction in cash is often done without receipts, resulting in tax evasion. Black money, benami property purchases has high cash component. They form major losses in revenue of the government. Corrupt practices render governments' welfare schemes from reaching the masses. Lack of transparency makes sure that crony-capitalism flourish. Transition towards a cashless economy plus other forms of digital economy will go a long distance in increasing revenue of gov'ts as well as lower corruption. This will increase welfare of the masses.
    Digital infrastructure will also help women specially single mothers and working women. Work-from-home facility will greatly help caring or pregnant women carry both responsibilities- of work and home. Many women have to leave their job otherwise in such circumstances. They can have their salary credited electronically, file IT returns and shop online. This will reduce their dependency on someone else. Greater participation of women in workforce will surely increase income of household and put downward pressure on inequality.
    Digital methods are especially helpful to senior citizens and differently abled. It help them to be economically independent that too with ease. It does not have much to do with economic inequality but certainly with equity. Equity is one step ahead of equality.
    As discussed previously, digital economy aides in job creation. Hence, households increase their income and become better off.
    Digital Economy- The Government:
    Government has a major role in reducing poverty. The Indian government has been able to plug leakages in implementation of National Food Security Scheme, MNREGA, Ujjwala and many other schemes which shall help alleviate poverty.
    GST Network enabled GST will lower the burden of indirect taxes. Indirect taxes are regressive as it is same for poor and the rich. GST will lead better compliance. Income tax linked to PAN, Companies tax linked to TIN ensures that direct taxes are paid, hence income is redistributed. E-auction of mines, spectrum will ensure allocation efficiency. Digitisation of land records will ensure land holding ceiling is not breached, gov't can reallocate land among land-less, and benami properties are identified.
    Globalization, Trade and Digital Economy:
    Digital economy is a big boost to international trade in goods and services as it has reduced barriers like those in payments and settlements, customs formalities and double taxation. A boost to international trade means convergence in the per-capita income of workers in developed and developing countries in the long term. Hence, inter country inequality is likely to reduce. But, intra-country inequality will rise, as per economic theory, because benefits of trade will be uneven initially and trickle down slowly.
    Conclusion:
    Internet, computers and mobiles are becoming an indispensable part of human life and institutions. Hence, transition of a traditional economy into a digital economy should been seen as a natural progression world-wide. Digital economy can be a facilitator of growth and efficiency. However, it is a stylized fact that high growth without government intervention to redistribute wealth leads to high inequality. Hence, digital economy can be a source of inequality. Thus, it is necessary that governments provide incentive to switch to digital modes of economy; at the same time, guide and supervise this transition at the macro scale, so that the benefits are shared by all. Gandhi ji's vision of sarvodaya shall guide them.

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