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Approach ● Start by explaining public debt. ● Highlight recent trends and discuss issues associated with high public debt. ● Conclude accordingly. Answer In the Indian context, public debt includes the total liabilities of the Union government that have to be paid from the Consolidated Fund of India. Sometimes, the term is also used …
Read MoreApproach ● Briefly define monetary policy. ● Mention the instruments of monetary policy available with the RBI. ● Discuss how the RBI not only acts as a banker to the commercial banks but also to the government. ● Conclude accordingly. Answer Monetary policy refers to the policy of the central bank with regard to …
Read MoreApproach ● Give a brief definition of money. ● Mention various functions of money. ● List down the advantages of money over other types of assets. ● Conclude accordingly. Answer Money is an economic unit that functions as a generally recognized medium of exchange for transactional purposes in an economy. Economically, each government has …
Read MoreRelevance GS Paper 1 Modern Indian History. Tags: #Nationalunityday #RashtriyaEktaDiwas Why in the news? India’s national unity evolved over more than a century, through political and social movements and legal and constitutional designs. This involved intense battles and wise compromises among constituent groups. The national identity thus constituted developed along three dimensions: The first dimension …
Read MoreNews: Nobel Peace Prize 2023 awarded to Narges Mohammadi for her fight against oppression of women in Iran. Narges Mohammadi has faced repeated arrests by the Iranian regime, totaling 13 times. She has been convicted five times and handed a cumulative sentence of 31 years in prison along with 154 lashes. Mohammadi’s activism opposing the …
Read MoreRelevance GS Paper 2 International relations. Tags: #NagornoKarabakh #Armenia #Azerbaijan #INSTC #conflict. Why in the News? The Armenia-Azerbaijan conflict, is known as a “frozen conflict.” The conflict flared up again in 2020, with heavy fighting that resulted in thousands of casualties and the displacement of tens of thousands of people. A ceasefire was eventually brokered, …
Read MoreRelevance GS Paper 3 Achievements of Indians in Science & Technology; Indigenization of Technology and Developing New Technology. Tags: #QuantumMission #NationalQuantumMission #UPSC #CurrentAffairs. Why in the News? India’s ₹6,000-crore Quantum Mission, set to launch soon, aims to advance quantum technologies. Principal Scientific Advisor Ajay Kumar Sood stressed its geopolitical significance, highlighting quantum computing’s potential impact …
Read MoreRelevance GS Paper 2 Health, Government Policies & Interventions. Tags:#Diabetes, #Type-2 diabetes, #Type-1 diabetes. Why in the news? In June 2023, a study conducted by the Madras Diabetes Research Foundation in collaboration with the Indian Council of Medical Research and the Union Health Ministry revealed that 11.4% of India’s population or 10.13 crore people are …
Read MoreRelevance GS Paper 3 Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment. Tags: #IBC #CapeTownConvention #Aviation #CurrentAffairs #MintEditorial #UPSC Why in the News? The Ministry of Corporate Affairs in India has recently issued a notification exempting aircraft-related transactions from certain provisions of the Insolvency and Bankruptcy Code (IBC). This …
Read MoreFast pace of technological change and structural transformation of the economy can create regulatory blind spots and vulnerabilities, challenging the standards and methods taken for granted. Relevance GS Paper 3 Inclusive growth and issues arising from it. Achievements of Indians in science & technology; indigenization of technology and development of new technology. Awareness in the …
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