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  • 28th June 2021| Daily Answer Writing Enhancement(AWE)

    Topics for Today’s questions:

    GS-1   Social empowerment, communalism, regionalism & Secularism.

    GS-2  Issues relating to development and management of Social Sector/Services relating to Health, Education, Human Resources.

    GS-3  Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment; 
    Inclusive growth and issues arising from it.


    GS-4 Ethical issues in international relations.

     

    Questions:

    Question 1)

     

    Q.1) Secessionist movements can be tackled by addressing Regional aspirations in an effective and compassionate manner. In light of given statement explain how India addressed it’s secessionist problems. (15 marks)

     

    Question 2)

    Q.2) A recent circular by the University Grants Commission (UGC) proposes a blended mode of teaching in which all higher educational institutions (HEI) teach a part of any course online and the rest offline. Examine the advantages and challenges that such a blended mode would face. (10 marks)

    Question 3)

    Q.3) Examine the importance of microfinance in India. What were the regulatory challenges faced by the microfinance institutions and how a Consultative Document by the RBI help dealing with these challenges? (15 marks)

    Question 4)  

    Q.4) Amidst various Challenges that the world is facing today to ensure harmony among the nations and Welfare of the humanity a broad ethical framework for international relations is the need of the hour. (10 marks)

     

    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 1st June is uploaded on 1st June 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, 1st June is uploaded on 3rd June, 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 @Swatantra so that the mentor is notified about your answer.

    *In case your answer is not reviewed, reply to your answer saying *NOT CHECKED*. Swatantra Sir’s tag is available, tag him.

    For the philosophy of AWE and payment: 

    CLICK HERE To join Daily AWE

  • Tackling vaccine hesitancy challenge in rural India

    In rural India, concerns about COVID-19 vaccines are now increasingly commonplace.

    Vaccination dilemma these days

    • People voice their concern about what will happen to them if they get vaccinated and have doubts that the government is sending inferior quality vaccines to them.
    • Vaccination sessions in local health centers often see very few or no takers.
    • In contrast, urban vaccination sites face increased demand, especially in the 18-45 age group, and vaccine shortage is a major issue.
    • From a public health and equity perspective, this is a cause for worry.

    Why this failure?

    • The fear of vaccines and rural communities not only resisting but also outright rejecting vaccination is a reality.
    • Efforts by local health authorities to create awareness and convince people are of little avail.
    • There are contrasting dimensions to the COVID-19 vaccine rollout: one where people are enthusiastically accepting it and the other of resistance.
    • There are many diverse factors at play in this, which may go beyond the health concerns and have more to do with socio-anthropological aspects of health-seeking behavior.

    Vaccine hesitancy

    • Vaccine hesitancy refers to delay in acceptance or refusal of vaccines despite the availability of vaccine services.
    • It is complex and context-specific varying across time, place, and vaccines.
    • It is influenced by factors such as complacency, convenience, and confidence.

    Its scope

    • Vaccine hesitancy is not a recent phenomenon. It is neither limited to a particular community or country nor have we seen it only in the context of COVID-19.
    • We have also seen vaccine hesitancy among the urban and the more educated or ‘aware’ populations, with pockets of populations of socio-economically well-off communities refusing to get their kids vaccinated.
    • While vaccine hesitancy can lead to a firm rejection of vaccines, there’s also a possibility of people changing their perceptions over time.

    Socio-cultural context behind

    • Most of our fears and apprehensions stem from a deep impact of something adverse or unfavorable that we have personally experienced or our social circles have experienced.
    • Over time these become our beliefs, our innate guards.
    • In the context of the concerns described at the beginning of this article, we must look at vaccine hesitancy from a distinct lens of fear and not necessarily skepticism for new vaccines.
    • Rather, they seem to indicate deep-seated fears and belief in conspiracies, the fear of perhaps being discriminated and deceived, and of being omitted (from societal benefits).

    Building trust

    • Communities might not see the impact of a vaccine instantly, as it’s usually preventive in nature rather than curative.
    • People are used to taking medications or intravenous fluids when they are unwell or in pain, and they may feel better almost immediately, but that’s not the case with vaccines.
    • On the contrary, vaccines administered to a healthy person may lead to occasional side effects like fever, body aches, etc.
    • Add to those rumors about deaths post-vaccination, and it may not be so easy for people to get convinced about the vaccines.

    Way ahead

    • Addressing vaccine hesitancy in rural India would first of all require health systems to be honest and transparent.
    • Create awareness, let people know how vaccines work, how they help prevent disease, what are the probable side effects and how they can be managed.
    • Health authorities need to be comfortable about people raising questions while providing the answers as best as possible.
    • Being cognizant of local cultural sensitivities and working with trusted intermediaries is important in this effort.
    • Sustained and meaningful efforts need to be made to build trust, gain the confidence of communities and meet their expectations.
    • Even more crucial is to engage communities in planning, execution, and monitoring of health care services at all levels.

  • Digital Millennium Copyright Act

    Union Minister for Electronics and Information Technology was locked out of his Twitter account for an hour allegedly over a notice received for violation of the Digital Millennium Copyright Act (DMCA).

    Why such a move by Twitter?

    • The DMCA oversees the implementation of two 1996 treaties signed by World Intellectual Property Organization (WIPO) member nations.

    What is the DMCA?

    • The Digital Millennium Copyright Act, or DMCA, is a 1998 law passed in the US and is among the world’s first laws recognizing intellectual property on the internet.
    • The law oversees the implementation of the two treaties signed and agreed upon by member nations of the World Intellectual Property Organization (WIPO) in 1996.
    • WIPO members had then agreed upon two treaties, namely the WIPO Copyright Treaty and the WIPO Performances and Phonograms Treaty.
    • The said protection, accorded by each member state, must not be any less in any way than the one being given to a domestic copyright holder.
    • Further, it also obligates those signatories to the treaty to ensure ways to prevent circumvention of the technical measures used to protect copyrighted work.
    • It also provides the necessary international legal protection to digital content.

    What is WIPO and how does it ensure the protection of content on the internet?

    • The rapid commercialization of the internet in the late 1990s started with static advertisement panels being displayed on the internet.
    • It became important for website owners to get the user to spend more time on their webpage.
    • For this, fresh content was generated by creators and shared over the Internet.
    • The problem started when the content would be copied by unscrupulous websites or users, who did not generate content on their own.
    • Further, as the Internet expanded worldwide, websites from countries other than the one where the content originated, also started to copy the unique content generated by the websites.
    • To avoid this and bring to task the unauthorized copiers, the members of WIPO, which was established in 1967, also agreed to extend the copyright and intellectual property protection to digital content.
    • As of date, 193 nations across the world, including India, are members of WIPO.

    Who can generate a DMCA notice and how are they sent to companies or websites?

    • Any content creator of any form, who believes that their original content has been copied by the user or a website without authorization can file an application citing their intellectual property has been stolen or violated.
    • Users can either approach the website on which the content has been hosted, or third-party service providers like DMCA.com, which utilize a team of experts to help take down the stolen content for a small fee.
    • In the case of social media intermediaries like Facebook, Instagram or Twitter, content creators can directly approach the platform with proof of them being original creators.
    • Since these companies operate in nations that are signatories to the WIPO treaty, they are obligated to remove the said content if they receive a valid and legal DMCA takedown notice.
    • Platforms, however, also give the other users against whom allegations of content cheating have been made, a chance to reply to the DMCA notice by filing a counter-notice.
    • The platform shall then decide which party is telling the truth and shall accordingly, either restore the content or keep it hidden.

  • MCA raises threshold of Small and Medium Companies

    The Ministry of Corporate Affairs has expanded the turnover and borrowing thresholds for Small and Medium-sized Companies (SMC), allowing a larger number of firms to benefit from reporting exemptions under accounting norms.

    What is the change?

    • The MCA has increased the turnover threshold for SMCs to Rs 250 crore from Rs 50 crore, and the borrowing threshold to Rs 50 crore from Rs 10 crore.
    • SMCs are permitted to avail a number of exemptions under the Company (Accounting Standards) Rule 2021 to reduce the complexity of regulatory filings for smaller firms.
    • Banks, financial institutions, insurance companies, and listed companies cannot be classified as SMCs.
    • Further, any company which is either the holding company or subsidiary of a company that is not an SMC cannot be classified as an SMC.

    What are the exemptions available to SMCs that are not available to other firms?

    • SMC are completely exempted from having to file cash flow statements and provide a segmental break up of their financial performance in mandatory filings.
    • SMCs can also avail partial reporting exemptions in areas including reporting on employee benefits obligations such as pensions.
    • SMCs are exempted from having to provide a detailed analysis of benefit obligations to employees, but are still required to provide actuarial assumptions used in valuing the company’s obligations to employees.
    • SMCs are also exempted from having to report diluted earnings per share in their filings.
    • Diluted earnings per share reflect the per-share earnings of a company assuming that all options to convert other securities into shares are exercised.

    Answer this PYQ in the comment box:

    Q. What is/ are the recent policy initiative(s) of the Government of India to promote the growth of the manufacturing sector?

    1. Setting up of National Investment and Manufacturing Zones.
    2. Providing the benefit of single window clearance.
    3. Establishing the Technology Acquisition and Development Fund.

    Select the correct answer using the codes given below:

    (a) 1 only

    (b) 2 and 3 only

    (c) 1 and 3 only

    (d) 1, 2 and 3

    How does this impact these firms?

    • Experts have noted that the move would promote ease of doing business for the firms that would now be included under the definition of SMC.
    • The Accounting Standards for SMC, which were notified in December 2006 and amended from time to time, are much simpler as compared to Indian Accounting Standards (Ind AS).
    • These accounting standards involve less complexity in their application, including the number of required disclosures being less onerous.
    • Ind AS standards are applied to larger firms and are largely similar to International Financial Reporting Standards (IFRS) used in most developed jurisdictions.

  • Skull found in China represents a new human species

    Scientists have announced that a skull discovered in northeast China represents a newly discovered human species they have named Homo longi, or “Dragon Man”.

    Answer this PYQ in the comment box:

    Q.The word ‘Denisovan’ is sometimes mentioned in media in reference to (CSP 2019):

    (a) fossils of a kind of dinosaurs

    (b) an early human species

    (c) a cave system found in North-East India.

    (d) a geological period in the history of Indian subcontinent

    Who is the “Dragon Man”, the latest Chinese discovery?

    • The cranium found in China has been dubbed the “Dragaon Man” or Homo longi, a name that has been derived from the Long Jiang or Dragon River in the Heilongjiang province of China where the city of Harbin is located.
    • The skull was reportedly discovered back in 1933, when a bridge was built over the Songhua River.
    • For thousands of years, the skull remained buried in sediments.
    • Because of the distinctive shape of the skull, which was found almost complete, some members of the team have suggested that it be declared a part of a new species of the genus Homo.
    • Significantly, the size of the skull, which has a considerable brain capacity, is comparable to that of modern humans and Neanderthals.

    Why is this discovery being considered significant?

    • For one, it brings new knowledge about the evolution of Homo sapiens.
    • It might help to bridge the gaps between our ancient ancestors called Homo erectus and us.
    • This knowledge is important because there is very little consensus in the scientific community about how different human species are related, and which species are our immediate ancestors.
    • Smithsonian for instance notes that some palaeontologists believe Homo heidelbergensis to be our immediate ancestors.
    • This species was discovered in 1908, and lived about 700,000 to 200,000 years ago in Europe and possibly China and some parts of Africa.

    Back2Basics: Species of Humans

    • Modern humans are the only human species that exist in the world today.
    • While the exact number of human species is a matter of debate, most scientists believe that there are at least 21 of them.

    As per the Smithsonian National Museum of Natural History, there are over 21 human species.  Major among these are:

    (1) Sahelanthropus tchadensis

    • Sahelanthropus tchadensis is believed to be the oldest member of the human family tree.
    • It lived about 7-6 million years ago somewhere around present-day Chad in Africa.
    • It had both ape-like and human-like features and was bipedalled, an ability that may have increased its chances of survival.

    (2) Homo erectus

    • Homo erectus lived about 1.89 million-110,000 years ago, in Northern, Eastern, and Southern Africa and Western and East Asia.
    • ‘Turkana Boy’ is the most complete fossil belonging to this species and is dated to be around 1.6 million years old.

    (3) Modern man

    • Homo neanderthalensis lived about 400,000-40,000 years ago and co-existed with Homo sapiens for a few thousand years.
    • They lived in Europe and in southwestern and central Asia.
    • Homo sapiens evolved about 300,000 years ago, and are found worldwide.

  • Species in news: Euphlyctis Kerala

    A new species of skittering frog has been identified from the surroundings of the Thattekkad bird sanctuary.

    Euphlyctis Kerala

    • The new species is named Euphlyctis Kerala in honor of the remarkable biodiversity of the State, which is also known for many endemic species of frogs.
    • The new species is known to be found in the freshwater bodies of the foothills of the Western Ghats, south of the Palakkad Gap.
    • Although multiple skittering frogs have been described from India for almost two centuries (since 1799), the taxonomic mess within this group created a lot of confusion due to “morphological character crypticity”.
    • Members of the genus Euphlyctis (skittering frogs) have their distribution range from Arabian Peninsula, Pakistan, India, Nepal, Sri Lanka, Myanmar, and Thailand.
    • As of now, Kerala is known to have 180 species of frogs and there could be many more new species awaiting formal descriptions.
  • Don’t Pay, Just Study | Complete Physical Geography With Radhika Mam’ | Habitat free sessions, starting today

    Don’t Pay, Just Study | Complete Physical Geography With Radhika Mam’ | Habitat free sessions, starting today

    Radhika Mam’ is launching a new course to complete the entire Physical Geography through MCQs. It starts today at 7.30 p.m.

    Physical Geography Habitat sessions by Radhika – Join here for free

    The session will take place in the General club. Click on the blue box to enter the discussion.

    Benefits for students:

    1. Join the club and cover the entire Physical Geography through MCQs
    2. Learn through conversations and improve your retention abilities
    3. Solve tricky questions along with your peers
    4. Engage with the subject and revise extensively
    5. Save Time, Stay Focused, Score more 

    There are NO STRINGS ATTACHED

    There are NO HIDDEN CHARGES

    The course is ABSOLUTELY FREE. 

    Join Now, get started – Physical Geography Habitat sessions by Radhika
  • [Must Read] Don’t miss these two important success and failure stories

    [Must Read] Don’t miss these two important success and failure stories

    Niki’s answer copies from week 1 of Samachar Manthan to week 10

    Prelims is around the corner and we are going to begin our new courses for Mentorship for next year. It is the right time to take a look at the progress of the students who joined us last year.

    Today we will tell you 2 stories. Stories of Jia and Niki(names changed).  Both of them joined us in May 2020 for Mentorship.

    CLICK HERE FOR SAMANVAYA 1-On-1 Mentorship form

    Similar Beginnings

    Jia and Niki have appeared in UPSC multiple times but failed to clear even Prelims. Both of them were working professionals and had their last attempt in 2021 and as a last resort approached us for mentorship guidance.

    Motivation in the initial days was high for both as seen in regularly completing the assigned targets and attempting the tests.

    Jia’s Progress Graph:

    Jia identified that the biggest issue in her preparation was consistency. So, she asked the mentor to give her an oral test over the call every day to set up accountability. The mentor understood the students’ requirements and obliged. For the next one month, daily oral tests happened to ensure Jia developed the needed discipline.

    Things went well, the Mentor had regular test discussions that helped Jia to improve her scores and cover the syllabus.

    But from the 3rd month, something changed. Jia started missing tests and her score also dropped. Our Mentor tried to reach out to her but she started missing mentor calls. When she did pick up the phone, excuses such as health issues, family functions, etc were the usual replies. Mentor tried to motivate the student over the calls but there is little a mentor can do if the student refuses to pick up the call.

    Within 6 months’ time, the student realized that UPSC is not her cup of tea and finally left the preparation.

    CLICK HERE FOR SAMANVAYA 1-On-1 Mentorship form

    Niki’s Progress Graph:

    The story again starts with a motivated student aiming to crack UPSC. Along with the job, Niki managed her time well under our guidance and was able to complete the assigned targets on time. Niki identifies her issues lie in her approach to Prelims Tests and Answer writing. With the right guidance, her test scores improved which gave her confidence to put in more effort.

    After 6 months of mentorship, Niki was able to complete the majority of her syllabus – both GS and Optional. She completed standard books which in the past 5 years she was never able to. In February 2021, Niki surprised us all.  She left her well-paying corporate job to dedicate time to UPSC preparation.

    Right now Niki is among the top percentile of our batch and has the highest test completion rates.

    What did we learn from them?

    • There is no magic potion that will help you qualify for this exam. Eventually, it is your hard work that pays off.
    • Mentors can only provide directions to smart work and help you to remain motivated. It is you who have to stick to the assigned targets, complete tests, and raise doubts with the mentor.
    • Mentorship is a two-way street. You’ll gain more from it by active participation. You have to give your 100% as well. If you start avoiding your mentor then there is little a mentor can do to help you.

    If you are the type of student who is ready to put in the hard work we are here to provide you with the necessary guidance. Our experienced mentors are always here to listen to your issues and suggest timely interventions.

    To experience the personalized mentorship provided by Civilsdaily please fill the Samanvaya form linked below.

    CLICK HERE FOR SAMANVAYA 1-On-1 Mentorship form

  • Where is the Indian rupee headed?

    The article explains the factors affecting the Indian rupee’s value against the dollar in implications of change in value for the Indian economy.

    Factor’s affecting rupee’s value

    • First, India’s foreign exchange reserves need to be considered, which have been increasing quite rapidly.
    • Second, there are daily fluctuations caused by foreign portfolio investment (FPI) flows.
    • Third, there is the external factor of the dollar, when the US currency strengthens against the euro, the rupee tends to decline and vice-versa.
    • Fourth, there is the concept of the real effective exchange rate (REER), a construct of economists in which relative inflation comes into play.
    • If inflation in India is higher than in countries associated with its export basket of currencies, then the rupee is overvalued and will correct through depreciation.
    • Fifth, at what stage will the RBI intervene by buying or selling dollars to stabilize the Indian currency also matters.

    Let’s look at some of these factors in detail.

    Impact of the U.S. economy and Fed

    • The dollar is driven by the US economy as well as its Federal Reserve’s policies.
    • The Fed’s recent indication that it would raise its policy rate of funds in the years ahead was enough to strengthen the dollar and weaken the rupee.  As an increase in US rates could see global investor money flocking back to the US, the dollar gained in relative value.
    • The dollar should logically be strengthening, given improving US growth, now reinforced by the Fed.

    Inflation factor

    • The inflation factor, however, has been curious.
    • Indian inflation will be high in India and hence also the rupee’s REER.
    • To the extent the market understands this concept and uses it for valuation, it should be pushing the rupee downwards.
    • But the pressure will be less this time as global inflation is also being raised by rising commodity prices.
    • Indian inflation may not be so much higher as to warrant a deep depreciation.

    Increase in Forex reserves

    • An increase in forex reserves is an indication that India is getting in more dollars than we are spending.
    • This also means that our combined current and capital accounts are in surplus zone.
    • However, India’s current account will go into a deficit this year, as imports will be greater than exports, but will not be very high. Maybe 0.5-1% of GDP.
    • The capital account can get tricky.
    • Inward foreign direct investment was high in 2020-21.
    • At $60 billion in equity and $80 billion overall, it was one of the world’s highest.
    • Therefore, capital flows should remain strong.
    • External commercial borrowings could slow down amid weak investment within India.
    • So the fundamentals suggest that the rupee should be stable, with a tilt towards depreciation.

    The RBI intervention

    • The RBI’s surplus liquidity and accommodative stance have not worked in favour of the rupee.
    • In response to its April policy, when RBI affirmed its dovish stance, the rupee began falling on expectations that if RBI kept rates low at a time of high inflation and excessive market borrowing by the government, investors will potentially move out.
    • This pushed the rupee towards the 75 level against the dollar, but reverted with time as RBI kept infusing liquidity and managed the yield curve.
    •  In April, RBI bought $4.2 billion worth of the US currency.
    • Exports have grown smartly in the first two months of 2021-22, and at this stage, the central bank would not want to that trend by stalling the rupee’s depreciation.

    Conclusion

    Taking all these factors into account, one can foresee the rupee moving in the range of ₹74-75 to the dollar, unless there’s a shock of some sort, though none looks likely at present.

  • Microfinance institutions

    The microfinance institutions (MFI) faced several restrictions by RBI which were not applicable to banks, NBFC and small finance banks. This denied the MFIs level playing field. A recent Consultative document by the RBI frees MFIs from such restrictions. The article explains this in detail.

    Background of regulation of MFI’s  by RBI

    • RBI first allowed informal self-help groups to open savings accounts in banks and bank lending to these groups in 1991-92.
    • In 2000, RBI permitted all types of institutions to offer microcredit and bank loans extended to these institutions for on-lending were treated as part of the priority sector lending.
    • Beyond these, RBI was unwilling to bring in any regulations on the plea that as long as these are not deposit-taking institutions there is no need to regulate them. 
    • That was the stand of various RBI-appointed committees too, including the Vyas Committee of 2004.
    • Based on the Malegam Committee recommendations, RBI came out with detailed guidelines for microfinance institutions (not the microfinance sector) in 2011.
    • These guidelines introduced a new category of NBFCs, viz NBFC-MFIs (microfinance institutions).
    • It also set norms for income criteria for clients of MFIs, repayment period, borrower loan limits, interest rate norms and caps, limits on a number of lenders to a borrower and a host of other norms and criteria.

    How these norms created the issue of a level playing field?

    • After 2015-16, the entry of small finance banks, eight of which were MFIs, into the microfinance space started to create issues.
    • MFIs discovered to their dismay that while they had to adhere to a set of regulations, it was a free-for-all for non-MFIs (banks, SFBs and NBFCs).
    • The main issue was that non-MFIs need not adhere to the norm of number of lenders (two in the case of NBFC-MFIs) and per-borrower loan limits.
    • It prompted non-MFIs to target borrowers identified and nurtured by MFIs with higher loan amounts, leading to high levels of borrower indebtedness.
    • In addition, the interest rate cap (2.75 times the base rate declared quarterly by RBI) was squeezing the margins of small and medium MFIs, as none of them get loans from the biggest banks.

    Way forward

    • The recent Consultative Document by RBI frees MFIs from the restriction imposed by the 2011 regulations and gives them a level-playing field.
    • Another important feature for MFIs is that by doing away with the 50% income generation loans criteria and the repayment period norms.
    • RBI is facilitating credit flow into lifecycle needs like housing, water sanitation, education, health, renewable energy, etc, which are now as important as income generation.
    • On the interest rate front, initially, some upward correction could be there by medium and small MFIs based on their borrowing rates.
    • The document enhances the role for the regulator as the adoption of Board-approved policies to determine the norms of household indebtedness and to fix a transparent rate of interest by each institution and their implementation need a rigorous supervisory oversight

    Conclusion

    Providing a level playing field to the MFI is critical to their development, the document by RBI rightly does that. It will help in providing credit to those who remain outside the formal banking network.

    Source:

    https://www.financialexpress.com/opinion/unfettering-microfinance-recent-rbi-consultative-document-frees-mfis-from-shackles-imposed-by-2011-regulations/2277925/

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