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  • UPSC-CSE New Year Resolution|| Jan to Jun UPSC-CSE Prelims Calendar & How to Choose the Right Optional for Mains?|| Free Live Webinar with Civilsdaily Mentor  Ranadheer Ravula|| Limited Seats, Register Now

    UPSC-CSE New Year Resolution|| Jan to Jun UPSC-CSE Prelims Calendar & How to Choose the Right Optional for Mains?|| Free Live Webinar with Civilsdaily Mentor Ranadheer Ravula|| Limited Seats, Register Now

    2021 surely sped by quickly for UPSC aspirants and now there’s only two more days left to welcome the new year. Every new year brings us new hopes, and every UPSC aspirant wishes that that they clear the exam that very year.

    If you are appearing for UPSC-CSE 2022 exams, you might have completed your entire prelims and mains syllabus right now. So what are you going to be doing January onwards? How are you going to switch to a prelims focused approach till June?

    Are you feeling low that you are unable to get the required cut-off marks in your test series. Worry not, for about 65% of the UPSC toppers have said that they scored below cut-off marks till December. But by June, they were able to boost their marks to get through the prelims hurdle. How did they do this?

    Free Open to All Webinar by Civilsdaily Mentor Ranadheer Ravula

    Our Civilsdaily mentor, Ranadheer sir will be providing a fool proof time-table on how to devote your time for the upcoming prelims exams from January onwards. This will include a month-by-month outlook as well.

    Preparing ahead will help you stay focused, determined and consistent in your UPSC preparation as opposed to deciding impulsively. It takes a lot of efforts to plan the right schedule for the upcoming prelims exams. Sometimes, you will be second guessing and wondering what others are upto. Ranadheer sir will use his expertise to break down your preparation into phases.

    Additionally he will speak about the 6 ways to find the right optional for you. The right optional is always subjective, however the process of finding out an optional that’s easy to understand (for you) and is a scoring subject (by UPSC standards) is objective.

    Want to know how is the January month timetable? Then fill the form & register below

    Key Takeaways of Free Live Webinar with Ranadheer Sir

    1. How to revise 2 years of Prelims Current Affairs in the last 6 months?

    2. How to go a day without studying yet take frequent breaks in a day?

    3. Is it advisable to increase the number of study hours as the exam nears?

    4. How to speed read all the books once again?

    5. How many test series should one take before exams?

    6. What are the 6 things to keep in mind before choosing an Optional that can change your fortunes?

    7. What are the additional sources and books that can help you score above cut-off marks?

    Webinar Details

    Don’t miss the chance to get value addition inputs to score better in the examination! This webinar is absolutely free. All aspirants are welcome to attend.

    Date – 31 December 2021 (Friday)

    Time – 6:00 P.M.

    Limited slots are available. Please register immediately.

  • UPSC-CSE New Year Resolution|| Jan to Jun UPSC-CSE Prelims Calendar & How to Choose the Right Optional for Mains?|| Free Live Webinar with Civilsdaily Mentor  Ranadheer Ravula|| Limited Seats, Register Now

    UPSC-CSE New Year Resolution|| Jan to Jun UPSC-CSE Prelims Calendar & How to Choose the Right Optional for Mains?|| Free Live Webinar with Civilsdaily Mentor Ranadheer Ravula|| Limited Seats, Register Now

    2021 surely sped by quickly for UPSC aspirants and now there’s only two more days left to welcome the new year. Every new year brings us new hopes, and every UPSC aspirant wishes that that they clear the exam that very year.

    If you are appearing for UPSC-CSE 2022 exams, you might have completed your entire prelims and mains syllabus right now. So what are you going to be doing January onwards? How are you going to switch to a prelims focused approach till June?

    Are you feeling low that you are unable to get the required cut-off marks in your test series. Worry not, for about 65% of the UPSC toppers have said that they scored below cut-off marks till December. But by June, they were able to boost their marks to get through the prelims hurdle. How did they do this?

    Free Open to All Webinar by Civilsdaily Mentor Ranadheer Ravula

    Our Civilsdaily mentor, Ranadheer sir will be providing a fool proof time-table on how to devote your time for the upcoming prelims exams from January onwards. This will include a month-by-month outlook as well.

    Preparing ahead will help you stay focused, determined and consistent in your UPSC preparation as opposed to deciding impulsively. It takes a lot of efforts to plan the right schedule for the upcoming prelims exams. Sometimes, you will be second guessing and wondering what others are upto. Ranadheer sir will use his expertise to break down your preparation into phases.

    Additionally he will speak about the 6 ways to find the right optional for you. The right optional is always subjective, however the process of finding out an optional that’s easy to understand (for you) and is a scoring subject (by UPSC standards) is objective.

    Want to know how is the January month timetable? Then fill the form & register below

    Key Takeaways of Free Live Webinar with Ranadheer Sir

    1. How to revise 2 years of Prelims Current Affairs in the last 6 months?

    2. How to go a day without studying yet take frequent breaks in a day?

    3. Is it advisable to increase the number of study hours as the exam nears?

    4. How to speed read all the books once again?

    5. How many test series should one take before exams?

    6. What are the 6 things to keep in mind before choosing an Optional that can change your fortunes?

    7. What are the additional sources and books that can help you score above cut-off marks?

    Webinar Details

    Don’t miss the chance to get value addition inputs to score better in the examination! This webinar is absolutely free. All aspirants are welcome to attend.

    Date – 31 December 2021 (Friday)

    Time – 6:00 P.M.

    Limited slots are available. Please register immediately.

  • An opportunity for Digital India

    Context

    India is pioneering the concept of digital public goods, with it, there is an opportunity for India to embark on digital diplomacy.

    Digital public goods in India

    • Built on the foundation of Aadhaar and India Stack, modular applications, big and small, are transforming the way we make payments, withdraw our PF, get our passport and driving licence and check land records, to name just a few activities.
    • There is an opportunity for India to embark on digital diplomacy — to take its made-in-India digital public goods to hundreds of emerging economies across the world.

    How Digital Diplomacy can help India?

    • This could be a strategic and effective counter to China’s Belt and Road Initiative.
    • Enhancing the productivity of emerging economies: Emerging economies are characterised by gross inefficiencies in the delivery of government services and a consequent trust deficit.
    • Digital public goods spread speed, transparency, ease and productivity across the individual-government-market ecosystem and enhance inclusivity, equity and development at scale.
    • Acceptance in emerging economies: India’s digital diplomacy will be beneficial to and welcomed by, all emerging economies from Peru to Polynesia, from Uruguay to Uganda, and from Kenya to Kazakhstan.
    • Goodwill: It will enable quick, visible and compounding benefits for India’s partner countries and earn India immense goodwill.

    Benefits of Digital diplomacy

    • Reusability: The code is highly reusable
    • Low cost: The cost of setting up an open source-based high school online educational infrastructure, to supplement the physical infrastructure, for an entire country is less than laying two kilometres of high-quality road.
    • No debt trap: The investments required for transporting digital public goods are minuscule in comparison and there is no chance of a debt trap.
    • Short gestation period: Unlike physical infrastructures such as ports and roads, digital public goods have short gestation periods and immediate, and visible impact and benefits.
    • It plugs leaks: Digital infrastructure plugs leaks.
    • It eliminates ghost beneficiaries of government services, removes touts collecting rent, creates an audit trail, makes the individual-government-market interface transparent and provides efficiencies that help recoup the investments quickly.
    • Processes get streamlined and wait times for any service come down dramatically.
    • Increases productivity: Productivity goes up and services can be scaled quickly.
    • Benefits can be rapidly extended to cover a much larger portion of the population.
    • Compounding instead of depreciation: Above all, the digital public goods infrastructure compounds while physical infrastructure depreciates.

    Three ways in which digital public goods infrastructure compound

    • Compounding happens for three reasons.
    • [1] Growth of technologyy: Chips keep becoming faster, engines more powerful, and gene-editing technology keeps improving.
    • [2] Network effect: As more and more people use the same technology, the number of “transactions” using that technology increase exponentially — be it Facebook posts or UPI transactions.
    • [3] Rapid creation of new layers of technology: For example, the hypertext protocol created the worldwide web.
    • Then the browser was built on top of it, which made the worldwide web easier to navigate and more popular.
    • Thousands of new layers were added to make it what it is today.
    • Growth of UPI in India: To give an example, consider the surge in UPI-based payments in India.
    • This kind of growth doesn’t happen with a few entitled and privileged people using UPI more and more; it happens with more and more people using UPI more and more.
    • Use of Diksha: The use of Diksha, the school education platform built on the open-source platform Sunbird, has followed the same trajectory — today close to 500 million schoolchildren are using it.

    Conclusion

    Made in India digital tools can help other emerging economies deal with economic, governance challenges.

    UPSC 2022 countdown has begun! Get your personal guidance plan now! (Click here)

  • 30th December 2021| Daily Answer Writing Enhancement(AWE) Copy

    Topics for Today’s questions:

    GS-1    Distribution of key natural resources across the world (including South Asia and the Indian subcontinent)

    GS-2    Judiciary

    GS-3    Cyber Security

    GS-4    Ethics and human interface

    Question 1)

     

    Q.1 What are the factors responsible for the concentration of the iron and steel industry around the Great Lakes in the USA?

     

    Question 2)

    Q.2 The twin dangers that would inflict irreparable damage to the Indian judiciary, are the lack of diversity and the secrecy around the appointment of judges. Comment.

    Question 3)

    Q.3 India is pioneering the concept of digital public goods that enhance the ease, transparency and speed with which individuals, markets and governments interact with each other. How can India use the opportunity to embark on digital diplomacy?

    Question 4)  

    Q.4 Examine the role played by ethics in private and public relationships.

     

    HOW TO ATTEMPT ANSWERS IN DAILY ANSWER WRITING ENHANCEMENT(AWE)?

    1. Daily 4 questions from General studies 1, 2, 3, and 4 will be provided to you.

    2. A Mentor’s Comment will be available for all answers. This can be used as a guidance tool but we encourage you to write original answers.

    3. You can write your answer on an A4 sheet and scan/click pictures of the same.

    4.  Upload the scanned answer in the comment section of the same question.

    5. Along with the scanned answer, please share your Razor payment ID, so that paid members are given priority.

    6. If you upload the answer on the same day like the answer of 11th  October is uploaded on 11th October then your answer will be checked within 72 hours. Also, reviews will be in the order of submission- First come first serve basis

    7. If you are writing answers late, for example, 11th October is uploaded on 13th October, then these answers will be evaluated as per the mentor’s schedule.

    8. We encourage you to write answers on the same day. However, if you are uploading an answer late then tag the mentor like @Staff so that the mentor is notified about your answer.

    *In case your answer is not reviewed, reply to your answer saying *NOT CHECKED*. 

    For the philosophy of AWE and payment: 

  • A lack of political will to end the Palk Bay conflict

    Context

    The arrest of 68 Indian fishermen by the Sri Lankan authorities between December 18 and 20 and the impounding of 10 boats for “poaching” in the territorial waters of Sri Lanka has flared up the conflict between the two countries.

    About Palk Bay

    • Palk Bay is home to diverse resources including 580 species of fish, extends from Point Calimere of Nagapattinam district to Mandapam-Dhanushkodi of Ramanathapuram district over about 250 km.
    • Source of dispute: It is an important marine zone between south-eastern India and northern Sri Lanka, has been a source of dispute for long.

    About the conflict

    • Negotiations: The genesis of the dispute can be traced to the October 1921 negotiations between representatives of the Governments of Madras and Ceylon, on the need for the delimitation of the Palk Strait and the Gulf of Mannar.
    • Delimitation: It was in the mid-1970s that two agreements were signed by India and Sri Lanka, under which the International Maritime Boundary Line (IMBL) came into being.
    • Instead of settling the issues, the pacts gave way to new problems, including the recurring incidents of Tamil Nadu fishermen crossing the IMBL and getting caught by the Sri Lankan authorities.

    Cause of the problem

    • Different fishing practices: The asymmetric nature of fishing practices in Tamil Nadu and the Northern Province of Sri Lanka is said to be the cause of the problem.
    • While Tamil Nadu’s fishing community uses mechanised bottom trawlers, its counterpart uses conventional forms of fishing, as trawling is banned in Sri Lanka.
    • Difference in resources: The fishermen of Tamil Nadu continue to cross the IMBL, as the Sri Lankan side of the Bay is considered to have more fishery resources than the Indian side.

    Way forward

    • Weak away fishermen from trawling: The deep-sea fishing project,  to wean away the fishermen of Tamil Nadu from bottom trawling, launched in July 2017, has not yielded the desired results.
    • Relaxation of norms of the project is under the consideration of the Union Government, to draw greater response from the fishermen.
    • Motivation for deep-sea fishing: Given the fact that deep sea fishing takes longer duration and has a higher recurring cost per voyage than what the fishing community experiences currently, the need for providing continuous motivation to the fisherfolk assumes critical importance.
    • Other strategies: Various strategies, including the promotion of seaweed cultivation, open sea cage cultivation, seaweed cultivation and processing, and sea/ocean ranching should be adopted.
    • Forming FPOs: There is a view that if the community is encouraged to form fish farmer producer organisations, it may take to sustainable fishing practices.
    • Institution of stakeholders: A section of specialists favours the creation of an international institution of stakeholders for regulating the fishing sector in the Bay.

    Consider the question “What leads to the dispute between India and Sri Lanka over the Palk Bay? Suggest the way forward for fishermen in Tamil Nadu.”

    Conclusion

    For all this to happen, sustained public pressure and political will are a must.

    UPSC 2022 countdown has begun! Get your personal guidance plan now! (Click here)


    Back2Basics: What is bottom trawling?

    • A bottom trawl consists of a large tapered net with a wide mouth and a small enclosed end.
    • The mouth of a trawl net has two weighted doors that serve not only to keep the net open, but also to keep the net on the ocean floor.
    • These doors can weigh several tons.
    • In addition to the heavy doors, the bottom of the net is a thick metal cable (footrope) studded with heavy steel balls or rubber bobbins that effectively crush everything in their path.
    • As the net drags along the seafloor, living habitat in its path is crushed, ripped up, or smothered as the seabed is turned over.
  • UPSC-CSE New Year Resolution|| Jan to Jun UPSC-CSE Prelims Calendar & How to Choose the Right Optional for Mains?|| Free Live Webinar with Civilsdaily Mentor  Ranadheer Ravula|| Limited Seats, Register Now

    UPSC-CSE New Year Resolution|| Jan to Jun UPSC-CSE Prelims Calendar & How to Choose the Right Optional for Mains?|| Free Live Webinar with Civilsdaily Mentor Ranadheer Ravula|| Limited Seats, Register Now

    2021 surely sped by quickly for UPSC aspirants and now there’s only two more days left to welcome the new year. Every new year brings us new hopes, and every UPSC aspirant wishes that that they clear the exam that very year.

    If you are appearing for UPSC-CSE 2022 exams, you might have completed your entire prelims and mains syllabus right now. So what are you going to be doing January onwards? How are you going to switch to a prelims focused approach till June?

    Are you feeling low that you are unable to get the required cut-off marks in your test series. Worry not, for about 65% of the UPSC toppers have said that they scored below cut-off marks till December. But by June, they were able to boost their marks to get through the prelims hurdle. How did they do this?

    Free Open to All Webinar by Civilsdaily Mentor Ranadheer Ravula

    Our Civilsdaily mentor, Ranadheer sir will be providing a fool proof time-table on how to devote your time for the upcoming prelims exams from January onwards. This will include a month-by-month outlook as well.

    Preparing ahead will help you stay focused, determined and consistent in your UPSC preparation as opposed to deciding impulsively. It takes a lot of efforts to plan the right schedule for the upcoming prelims exams. Sometimes, you will be second guessing and wondering what others are upto. Ranadheer sir will use his expertise to break down your preparation into phases.

    Additionally he will speak about the 6 ways to find the right optional for you. The right optional is always subjective, however the process of finding out an optional that’s easy to understand (for you) and is a scoring subject (by UPSC standards) is objective.

    Want to know how is the January month timetable? Then fill the form & register below

    Key Takeaways of Free Live Webinar with Ranadheer Sir

    1. How to revise 2 years of Prelims Current Affairs in the last 6 months?

    2. How to go a day without studying yet take frequent breaks in a day?

    3. Is it advisable to increase the number of study hours as the exam nears?

    4. How to speed read all the books once again?

    5. How many test series should one take before exams?

    6. What are the 6 things to keep in mind before choosing an Optional that can change your fortunes?

    7. What are the additional sources and books that can help you score above cut-off marks?

    Webinar Details

    Don’t miss the chance to get value addition inputs to score better in the examination! This webinar is absolutely free. All aspirants are welcome to attend.

    Date – 31 December 2021 (Friday)

    Time – 6:00 P.M.

    Limited slots are available. Please register immediately.

  • Rythu Bandhu: Telangana DBT scheme for farmers’ assistance

    The total funds disbursed under Rythu Bandhu, Telangana government’s direct benefit transfer scheme for farmers, will soon touch Rs 50,000 crore in the coming days.

    What is Rythu Bandhu?

    • Rythu Bandhu is a scheme under which the state government extends financial support to land-owning farmers at the beginning of the crop season through direct benefit transfer.
    • The scheme aims to take care of the initial investment needs and do not fall into a debt trap.
    • This in turn instills confidence in farmers, enhances productivity and income, and breaks the cycle of rural indebtedness.

    DBT under the Scheme

    • Each farmer gets Rs 5,000 per acre per crop season without any ceiling on the number of acres held.
    • So, a farmer who owns two acres of land would receive Rs 20,000 a year, whereas a farmer who owns 10 acres would receive Rs 1 lakh a year from the government.
    • The grant helps them cover the expenses on input requirements such as seeds, fertilizers, pesticides, and labour.

    How much does it cost the state exchequer?

    • Since the Kharif season of 2018, the state government has been crediting Rythu Bandhu assistance to farmers.
    • As of date, it has credited Rs 43,036.64 crore into the bank accounts of beneficiaries.
    • This season, the state government will disburse another Rs 7638.99 crore, taking the total sum disbursed so far to over Rs 50,000 crore.

    Comparing with the PM-KISAN scheme

    • The state government has often said that the Centre’s PM-KISAN (Pradhan Mantri Kisan Samman Nidhi) scheme is a “copy” of Rythu Bandhu.
    • Under PM-KISAN, a land-holding family receives an income support of 6,000 per year in three equal installments.
    • Rythu Bandhu is based on anticipated input expenditure for each acre of land and there is no restriction on the number of acres owned by a farmer.
    • PM-KISAN only provides support to the family and not to the farm units.

    Criticisms of the Rythu Bandhu Scheme

    • The scheme does not cover the landless or tenant farmers.
    • Farmer bodies have been demanding that the state government should extend the agriculture assistance to tenant farmers as well.
    • They have pointed out that those who work on lands taken on lease from landowners also need government assistance at the beginning of a crop season.
    • It is difficult to bring tenant farmers under the ambit of the scheme because of the informal nature of the agreements they enter into.

     

    UPSC 2022 countdown has begun! Get your personal guidance plan now! (Click here)

  • What are Blockchain Funds?

    The Securities and Exchange Board of India (SEBI) has ruled that Indian mutual funds (MFs) cannot invest in crypto-related products until government regulations on are clear.

    What are Blockchain Funds?

    • Blockchain is a digital ledger system that facilitates the process of recording transactions and tracking assets in a network.
    • It is possible to have blockchain without crypto, but in practice the two are highly interlinked.
    • Cryptocurrency tends to power the resources needed for a public blockchain network.
    • Unlike specific crypto-based investments, blockchain funds invest in multiple companies that are driving sustainable earnings from blockchain businesses.
    • Some key companies in this ecosystem are US-based Coinbase Global Inc and Advanced Micro Devices Inc, and Japan’s GMO internet Inc.

    Why has SEBI blocked Blockchain funds?

    • Absence of regulations: SEBI concerns stem from unclear regulations around cryptocurrencies in India.
    • Unclear future: While investing, trading and holding crypto assets are allowed in India as of now, the laws are still not clear as to how they are regulated and taxed.
    • Possible ban: There is a possibility that the government may ban trading in crypto altogether or come up with stringent thresholds for investors to delve into this new asset.
    • Taxing the gains: For taxation purposes, short-term capital gains from individual crypto investing are taxed at personal taxation rates, however, there are no clear guidelines for fund investing.

    Are blockchain funds good investments?

    • The technology is creating value by revolutionizing the way assets and digital records are managed and transferred.
    • Many companies, particularly in financial services, are investing millions of dollars in researching and building Blockchain infrastructure.
    • Although the technology is still in the nascent phase in India, its potential across the board is huge.

    Back2Basics: Mutual Funds

    • A mutual fund is a company that pools money from many investors and invests the money in securities such as stocks, bonds, and short-term debt.
    • The combined holdings of the mutual fund are known as its portfolio. Investors buy shares in mutual funds.
    • Each share represents an investor’s part ownership in the fund and the income it generates.

    Mutual funds are a popular choice among investors because they generally offer the following features:

    • Professional Management. The fund managers do the research for you. They select the securities and monitor the performance.
    • Diversification or “Don’t put all your eggs in one basket.” Mutual funds typically invest in a range of companies and industries. This helps to lower your risk if one company fails.
    • Affordability. Most mutual funds set a relatively low dollar amount for initial investment and subsequent purchases.
    • Liquidity. Mutual fund investors can easily redeem their shares at any time, for the current net asset value (NAV) plus any redemption fees.

    Risks with MFs

    • With mutual funds, one may lose some or all of the money invested because the securities held by a fund can go down in value.
    • Dividends or interest payments may also change as market conditions change.
    • The more volatile the fund, the higher the investment risk.

     

    UPSC 2022 countdown has begun! Get your personal guidance plan now! (Click here)

  • What is the Regression Theorem?

    This newscard is an excerpt from the original article published in the TH e-paper edition.

    Regression Theorem

    • The regression theorem refers to a theory of the origin of money.
    • It states that money must have originated as a commodity with intrinsic value in the marketplace.
    • The idea was first proposed by Austrian economist Carl Menger in his 1892 work “On the Origins of Money.”
    • This theory is offered as an alternative to the state theory of money which states that money (fiat money) can come into existence only when it is backed by the government.

    Evolution of Money

    • The regression theory argues that money comes into existence through a gradual process of evolution in the marketplace, without the need for any government sanction.
    • Economists who try to explain the regression theory generally start with the question of why money, particularly fiat money which is simply just a piece of paper, has any value at all in the marketplace.
    • The most common answer to this question is that fiat money can be used to buy other useful goods such as houses, cars etc.
    • But this answer is insufficient —it tries to tackle the question of why fiat money can buy other useful goods by simply saying that it can buy other useful goods.

    Why is fiat money, which has little intrinsic value, considered valuable?

    • In real life, people accept money in exchange for goods in the present because they are aware that money was accepted as a medium in exchange for other goods in the past.
    • For example, people accept wages in the US dollar today because they are aware that the dollar was used to buy cars, groceries and other goods in the market yesterday.
    • This gives them confidence in the value of their money.

    What made people accept money in exchange for other useful goods in the past?

    Ans. Intrinsic Value

    • Economists who advocate the regression theory of money argue that money must have originated as a useful commodity like gold or silver or the barter system.
    • This is the only way, they argue, it could have possibly been accepted by people in exchange for other useful goods at some point in the past.
    • If a thing did not possess any intrinsic value, it is unlikely that people in the marketplace would have accepted it in exchange for other goods and services.
    • So, commodities like gold and silver must have been traded in exchange for other goods and services at some point in history purely because they offered some kind of personal utility to people.
    • For example, these precious metals could have been used to make ornaments, to fill teeth, etc., which gives them intrinsic value.
    • They maintain value over time because their supply cannot be easily ramped up as mining gold involves significant production costs.

     

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