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  • Positive Pay System for high-value cheques

    Banks have been informing customers about making mandatory, the positive pay system, a process of reconfirming the key details of high-value cheques.

    What is the Positive Pay System?

    • The Positive Pay System, developed by the National Payments Corporation of India, is a process of reconfirming the key details of large value cheques.
    • Under this system, a person issuing the high-value cheque submits certain essential details of that cheque like date, name of the beneficiary/payee amount etc. to the drawee bank.
    • The details can be submitted through electronic means such as SMS, mobile app, internet banking, ATM etc.
    • The details are cross-checked while issuing the cheque and any discrepancy is flagged.

    Try answering this PYQ:

    Q.Which one of the following links all the ATMs in India? (CSP 2018)

    (a) Indian Banks’ Association

    (b) National Securities Depository Limited

    (c) National Payments Corporation of India

    (d) Reserve Bank of India

    (Note: You need to sign-in to answer this PYQ)

    [wpdiscuz-feedback id=”vno3efazhv” question=”Please leave a feedback on this” opened=”1″]Post your answers here.[/wpdiscuz-feedback]

    What is the limit on the amount for the system?

    • RBI has told banks to enable the facility for all account holders issuing cheques for amounts of ₹50,000 and above.
    • It has also been said that while availing of the facility is at the discretion of the account holder, banks may consider making it mandatory in case of cheque values of ₹5 lakh and above.

    Why is this system important for customers?

    • Some banks have been telling customers that if the details of large-value cheques are not pre-registered, the cheque will be returned.
    • On issuance of a high-value cheque, customers should ensure that details are provided within the timeframe prescribed by the banks for hassle-free clearance.
    • RBI has said only cheques that are registered in the Positive Pay System will be accepted under the dispute resolution mechanism.
    • Customers would get an SMS on whether the cheque is accepted or rejected for any reason.

    What are the details of the cheque that must be submitted?

    • Account number, cheque number, date of the cheque, amount, transaction code, beneficiary name, MICR CODE.

    How can these details be submitted?

    • These details can be submitted through the respective bank’s website, internet banking, or mobile banking.
    • In case a customer does not use electronic banking services, they can submit the details by visiting bank branches.
  • [pib] Revamped National Gene Bank

    The Union Agriculture Minister has inaugurated the world’s second-largest refurbished gene bank at the National Bureau of Plant Genetic Resources.

    National Gene Bank

    • The National Gene Bank was established in the year 1996 to preserve the seeds of Plant Genetic Resources (PGR) for future generations.
    • It has the capacity to preserve about one million germplasm in the form of seeds.
    • Presently it is protecting 4.52 lakh accessions, of which 2.7 lakh are Indian germplasm and the rest have been imported from other countries.
    • National Bureau of Plant Genetic Resources is meeting the need of in-situ and ex-situ germplasm conservation through Delhi Headquarters and 10 regional stations in the country.

    Key facilities provided

    • The NGB has four kinds of facilities to cater to long-term as well as medium-term conservation namely:
    1. Seed Gene bank (- 18°C),
    2. Cryo gene bank (-170°C to -196°C),
    3. In-vitro Gene bank (25°C), and
    4. Field Gene bank
    • It stores different crop groups such as cereals, millets, medicinal and aromatic plants, and narcotics, etc.

    What is the latest update?

    • This is the world’s second-largest gene bank located in the national capital.
    • It has the capacity to preserve about one million germplasm in the form of seeds.
    • Presently, it is protecting 4.52 lakh accessions, of which 2.7 lakh are Indian germplasm and the rest have been imported from other countries.

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    Also read:

    Svalbard Global Seed Vault

  • [Burning Issue] Thawing Permafrost and its effects

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    The Earth faces a looming crisis. Globally, temperatures are rising. Heatwaves, droughts, ocean acidification, and rising sea levels are on the horizon. Around 90% of the world lives in the northern hemisphere with major population centers in the tropical and subtropical regions. These regions will be severely affected.

    Let us look at this issue in detail.

    What is permafrost?

    • Permafrost is ground that remains completely frozen at 0 degrees Celsius or below for at least two years and is defined solely based on temperature and duration.
    • It is composed of rock, sediments, sand, dead plant and animal mattersoil, and varying degrees of ice and is believed to have formed during glacial periods dating several millennia.
    • It is mainly found near the polar zones and regions with high mountains covering parts of Greenland, Alaska, Russia, Northern Canada, Siberia and Scandinavia. 
    • Its thickness reduces progressively towards the south and is affected by a number of other factors, including the Earth’s interior heat, snow and vegetation cover, presence of water bodies, and topography.

    How does permafrost form?

    • Just as a puddle of water freezes on a frigid winter night, water that is trapped in sediment, soil, and the cracks, crevices, and pores of rocks turns to ice when ground temperatures drop below 32°F (0°C).
    • When the earth remains frozen for at least two consecutive years, it’s called permafrost. If the ground freezes and thaws every year, it’s considered “seasonally frozen.”

    What is the composition of permafrost?

    • Permafrost is made of a combination of soil, rocks and sand that are held together by ice. The soil and ice in permafrost stay frozen all year long.
    • Near the surface, permafrost soils also contain large quantities of organic carbon—a material leftover from dead plants that couldn’t decompose, or rot away, due to the cold.
    • Lower permafrost layers contain soils made mostly of minerals.
    • A layer of soil on top of permafrost does not stay frozen all year. This layer, called the active layer, thaws during the warm summer months and freezes again in the fall.

    Permafrost thawing

    • When permafrost thaws, water from the melted ice makes its way to the caves along with ground sediments, and deposits on the rocks.
    • In other words, when permafrost thaws, the rocks grow and when permafrost is stable and frozen, they do not grow.

    Why thawing?

    • The link between the Siberian permafrost and Arctic sea ice can be explained by two factors:
    • One is heat transport from the open Arctic Ocean into Siberia, making the Siberian climate warmer.
    • The second is moisture transport from open seawater into Siberia, leading to thicker snow cover that insulates the ground from cold winter air, contributing to its warming.
    • This is drastically different from the situation just a couple of decades ago when the sea ice acted as a protective layer, maintaining cold temperatures in the region and shielding the permafrost from the moisture from the ocean.
    • If sea ice (in the summer) is gone, permafrost starts thawing.

    How much of the earth’s surface is permafrost?

    • In the northern hemisphere, permafrost covers an estimated 9 million square miles—nearly the size of the United States, China, and Canada combined. However, that footprint is rapidly shrinking.
    • While global warming is upping temperatures around the world, the Arctic is warming twice as fast as anywhere else—and faster than it has in the past 3 million years.
    • And when surface air temperatures rise, below-ground temperatures do, too, thawing permafrost along the way.
    • Scientists estimate there is now 10 percent less frozen ground in the northern hemisphere than there was in the early 1900s. With every additional 1.8°F (1°C) of warming, an additional 1.5 million square miles of permafrost could eventually disappear.
    • Even if we meet the climate targets laid out during the 2015 Paris climate talks, the world may still lose more than 2.5 million square miles of frozen turf.

    Associated issues with the Thawing of Permafrost

    Worsen the effects of the climate crisis

    • In the Arctic, temperatures are rising twice as fast in other parts of the world. As a result, the thick layer of soil called permafrost that has remained frozen throughout the year is thawing.
    • The Permafrost contains vast amounts of carbon. Roughly about 60% of the world’s soil carbon is held in just 15% of the global soil area. This is estimated to be about 1.5 trillion metric tons of carbon.
    • The thawing of permafrost will worsen the effects of the climate crisis, because stored carbon will be released in the process.
    • Likewise, the loss of sea ice and ice sheets covering land will accelerate the rise in temperatures. White ice reflects sunlight keeping the planet cooler, whereas darker seawater absorbs heat.
    • Experts believe this process may have already begun. Giant craters and ponds of water (called ‘thermokarst lakes’) formed due to thawing have been recorded in the Arctic region. Some are so big that they can be seen from space.
    • Scientific estimates suggest that the Arctic Ocean could be largely sea ice-free in the summer months by as early as 2030, based on observational trends, or as late as 2050, based on climate model projections.
    • A study has shown that every 1 degree Celsius rise in temperature can degrade up to 39 lakh square kilometer due to Permafrost thawing ( the ice inside the permafrost melts, leaving behind water and soil).

    Higher latitudes will face challenges hitherto faced by tropical areas

    • Increase of average temperatures is modifying the environment in other ways too.
    • Diseases that have typically afflicted the equatorial belt are spreading up into higher latitudes. Mosquitoes, ticks, and other insects spread many of these diseases.
    • The West Nile virus causes hundreds of deaths every year in the United States, where it was first reported in 1999. With rising temperatures, West Nile will become more prevalent in Canada, including parts of the Arctic.
    • Warming temperatures are also causing changes in the habitats of wild birds such as ducks and geese that can carry avian flu.
    • Earlier this year, Russia reported the first case of the H5N8 avian flu passing from birds to humans. Changes in habitats of other wild animals such as foxes might also increase the geographic distribution of rabies.

    Rise of viruses and bacteria

    • Scientists are also concerned about the rise of viruses and bacteria from thawing permafrost and ice. In the summer of 2016, there was an outbreak of anthrax in a remote part of Siberia.
    • Dozens of people were infected, and a young boy was killed. Around 2,300 reindeer perished in the outbreak.
    • Spread:
      • Anthrax is a serious infectious disease caused by bacteria that can remain dormant as spores. Spores of anthrax can remain viable for at least a few decades in frozen soil and ice.
      • A plausible idea of how the outbreak started is that record temperatures that year caused a frozen reindeer carcass infected with anthrax spores to thaw.
      • And as carcasses of other animals (including those of extinct mammoths) thaw, we might see more disease outbreaks.

    Potential to cause epidemics

    • Another concern is the emergence of viruses and bacteria with the potential to cause epidemics. These disease-causing microbes might be dormant for hundreds or even thousands of years.
    • Genetic material from the H1N1 influenza virus that caused the Spanish Flu pandemic of 1918, as well as that of smallpox have been recovered from permafrost.
    • The reemergence of a virus like smallpox (which is the only human disease to have been eradicated) would be disturbing since humans are no longer routinely vaccinated.
    • Infectious viruses and bacteria can be resurrected from frozen ice, soil, animal carcasses, and human corpses.
    • In 2014, researchers reported the discovery of giant viruses that had been dormant in Siberian permafrost for around 30,000 years.

    Tibetan Plateau and the virus samples

    • These conditions are not restricted to the Arctic alone either. Glacial ice that has persisted for thousands of years is melting.
    • Recently, the journal Microbiome reporting 15,000-year-old-viruses (including 28 different kinds identified for the first time) that they found in glacial ice from the Tibetan Plateau.

     The threat to infrastructure

    • Thawing permafrost is also ominous for man-made structures overhead.
    • The Russian oil leak occurred recorded temperatures in Siberia at more than 10 degrees Celsius above average, and called them “highly anomalous” for the region where the power plant is located.
    • As temperatures rise, the binding ice in permafrost melts, making the ground unstable and leading to massive potholes, landslides, and floods.
    • The sinking effect causes damage to key infrastructure such as roads, railway lines, buildings, power lines and pipelines.
    • These changes also threaten the survival of indigenous people, as well as Arctic animals.

    Altered landscapes

    • Thawing permafrost alters natural ecosystems in many ways as well. It can create thermokarsts, areas of sagging ground and shallow ponds that are often characterized by “drunken forests” of askew trees.
    • It can make soil—once frozen solid—more vulnerable to landslides and erosion, particularly along coasts.
    An aerial view of the forest fire in the Nulato Hills in Koyukuk National Wildlife Refuge Alaska
    • As this softened soil erodes, it can introduce new sediment to waterways, which may alter the flow of rivers and streams, degrade water quality (including by the introduction of carbon), and impact aquatic wildlife.
    • Wetlands also deteriorate along with permafrost, as the water sinks further underground without a frozen buffer to keep it in place.
    • This can create drier terrain more susceptible to wildfires, which expose even more permafrost to warming.

    How Can We Stop Permafrost from Thawing?

    Greenhouse gas emissions need to be arrested

    • In order to curtail climate change and save the permafrost, it is indispensable that global CO2 emissions be reduced by 45% over the next decade, and that they fall to zero after 2050.
    • To mitigate climate change, there is a need to take a global collective action. If one country cuts its emissions, that is going to be of little use if the others do not follow suit.

    Slow down erosion

    • The scientific journal Nature suggested building a 100-metre-long dam in front of the Jakobshavn glacier (Greenland), the worst affected by Arctic melting, to contain its erosion.

    Refreeze the Arctic

    • Indonesian architect has won an award for his project Refreeze the Arctic, which consists of collecting water from melted glaciers, desalinating it and refreezing it to create large hexagonal ice blocks.
    • Thanks to their shape, these icebergs could then be combined to create frozen masses.

    Strengthening their consistency

    • Some researchers propose a solution to manufacture more ice. Their proposal consists of collecting ice from below the glacier through pumps driven by wind power to spread it over the upper ice caps, so that it will freeze, thus strengthening the consistency.

    People’s awareness and policy intervention

    • The tundra and the permafrost beneath it may seem far away, but no matter where we live, the everyday choices we make contribute to climate change.
    • By reducing our carbon footprint, investing in energy-efficient products, and supporting climate-friendly businesses, legislation, and policies, we can help preserve the world’s permafrost and avert a vicious cycle of an ever-warming planet.

    Conclusion

    • For most of us, the tundra and the permafrost beneath it may seem a million miles away. But no matter where we live, the everyday choices we make that contribute in some small way to climate change collectively can add up to a big impact on the world’s coldest climes.
    • By reducing our carbon footprint, investing in energy-efficient products, and supporting climate-friendly businesses, legislation, and policies, we can help preserve the world’s permafrost and avert a vicious cycle of an ever-warming planet.
    • To be clear, the chances of an epidemic originating from microbes originating from permafrost or ice is low. But as the Covid-19 pandemic has demonstrated, even low probability events with major consequences need to be taken seriously.

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  • Species in news: Slender Loris

    The Kadavur hills in central Tamil Nadu’s Karur district are home to the Kadavur Reserve Forest. These forests are home to the shy and reclusive slender loris, a species of primate.

    Slender Loris

    • Slender loris (Loris tardigradus) is secretive and has nocturnal habits. It usually travels from the canopy of one tree to another. But, at times, it also comes down to bushes at the ground level to feed.
    • It is also found in the adjoining forest areas on the eastern, southern and western slopes of the Kadavur hills.
    • It sleeps by day in the foliage or in a hole or crevice. It comes out at dusk in search of prey.
    • They are fond of lantana berries and also eat insects, lizards, small birds, tree frogs, tender leaves and buds.
    • They are usually solitary but sometimes found in pairs.

    Conservation

    • The slender loris has been listed as ‘Endangered’ by the International Union for the Conservation of Nature.
    • It has been brought under Schedule I of the Wild Life (Protection) Act, 1972 in order to provide the highest level of legal protection.

    Threats

    • As it is believed that these animals have some medicinal properties, they are captured and sold.
    • Since there is great demand for keeping these animals as pets, they are illegally smuggled.
    • Habitat loss, electrocution of live wires, and road accidents are other threats that have caused its populations to dwindle.

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  • India’s fate is tied to the rest of the world

    Context

    Ever since Independence, India’s fate has been closely tied to the rest of the world.

    How global interactions and how it shaped India

    • A large, newly independent, impoverished, and diverse country required active engagement with a variety of partners for its survival, security, and development.
    • But a constantly evolving international environment presented India not just with opportunities but numerous challenges.
    • Poorly demarketed borders: Its frontiers were initially poorly demarcated and poorly integrated.
    • Nuclear-armed neighbours: India came to have two nuclear-armed neighbors with which it competed for territory.
    • Relations with the US and Russia: India’s first leaders opted for flexible and friendly relations with both the U.S. and the Soviet Union and their respective allies.
    • The Indo-Soviet Treaty of Friendship and Cooperation and the Bangladesh war altered India’s relations with both superpowers and shifted the dynamics of the rivalry with Pakistan.
    • Role in global politics: India also played an activist role in the decolonizing world, extending diplomatic and (in some cases) security assistance to independence movements in Asia and Africa and sending military missions to Korea and the Congo.
    • Economic progress: There were also important economic strides made, including the Green Revolution, undertaken with considerable foreign technical and financial assistance.
    • Independent policy: India often found itself at odds with the great powers when it felt its greater interests were threatened, as on intervention in Bangladesh, nuclear non-proliferation, or trade.

    India after the Cold War

    • The 1991 Gulf war resulted in a balance of payments crisis and the liberalization of the economy.
    • India then adopted a range of reforms to liberalize the economy, but it faced more than just economic turmoil.
    • Yet, the period that followed witnessed some important developments under the prime ministership of P.V. Narasimha Rao:
    • The period saw the advent of the Look East Policy and relations with the Association of Southeast Asian Nations
    • It also saw the establishment of diplomatic ties with Israel.
    • The signing of a border peace and tranquility agreement with China took place in the same period
    • The period also witnessed initial military contracts with the U.S., and preparations for nuclear tests.
    • The Atal Bihari Vajpayee government built further upon these developments, conducting a series of tests in 1998, negotiating a return to normal relations with most major powers within two years.
    • Economic development: These years also witnessed a rapid growth of the Indian economy, fuelled by a boom in information and communication technology companies, the services sector, and a rising consumer market.
    • After 2004, the Manmohan Singh government worked extensively to resolve the outstanding question of India’s nuclear status.
    • By eliminating barriers to ‘dual use’ technologies and equipment, as well as a host of associated export controls, India had the opportunity to establish robust defense relations with the U.S. and its allies.
    • Coupled with an economic deceleration after 2011, India’s relations with the U.S. and Europe grew more contentious over the next three years.

    Relationship with China

    • The global financial crisis in 2008-09 presaged a slight change in approach, whereby India sought to partner with China and other rising powers on institutional reform, financial lending, climate change, and sovereignty.
    • Beginning in 2013,  China began to test India on the border and undermine Indian interests in South Asia and the Indian Ocean Region.
    • With further stand-offs at Doklam and Ladakh between 2017 and 2021, India opted to boycott China’s Belt and Road Initiative, raise barriers to Chinese investment.
    • In response, India began consulting more closely with other balancing powers in the Indo-Pacific.
    • Security relations and understandings with the U.S. and its allies (Japan, France, Australia) accelerated after 2014.
    • A greater emphasis on neighborhood connectivity was adopted.

    Way forward

    • As India enters its 75th year of independence, there are plenty of reasons for cautious optimism about its place in the world.
    • COVID-19 and growing international competition also underscore the difficulties that India will likely face as it attempts to transform into a prosperous middle-income country.
    • What is certain is that India will not have the luxury to turn inwards.

    Conclusion

    India’s objectives have been broadly consistent: development, regional security, a balance of power, and the shaping of international consensus to be more amenable to Indian interests. At the same time, India’s means and the international landscape have changed, as have domestic political factors.

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  • Daily Dose: A Complete Snapshot of Everyday News – Day 1

    In this particular program, we will provide you all a 15-minute discussion on daily news snippets. It will cover the important news from The Hindu, IE, Mint, etc. (except editorial op-eds to be covered in SM).

    Importance of this initiative will cover the various aspects of particular news , i.e., how you are going to approach that piece of news from Prelims & Mains perspective.

    Linkage from UPSC syllabus.

    Mapping – Geography (Mains).

  • Plan it TODAY! Less Than 300 Days To Go For UPSC 2022 || Start Preparing The Right Way, Today! Register and get Personalized Schedule to begin your Preparation

    Plan it TODAY! Less Than 300 Days To Go For UPSC 2022 || Start Preparing The Right Way, Today! Register and get Personalized Schedule to begin your Preparation

    Dear aspirants,

    No one becomes an IAS officer by waiting.

    They start their preparation right away and in the right way!

    UPSC has released the dates for the 2022 exams and you have less than 300 days to crack it. The urgency is real. You do not have the time to try things that do not work. You do not have the time to make mistakes. And you do not have the time to learn from these mistakes. Everything you do from today onwards will matter and it’s extremely important that you start your preparation with the right approach!

    So, what can you do TODAY that can make you an officer in 2022?

    1. Get the right plan in place – Speak with one of our senior mentors at Civilsdaily and get a personalised study plan that matches your learning pace. Plan your study in a way that you can remain consistent and focused every single day! From breaking down the syllabus to organising your study material, let an expert guide you through the process so you don’t make any mistakes that other aspirants make.
    2. Get the right mentor to help – You can be a fast runner but if you run in the wrong direction, you will end up getting lost. Getting the right guidance is the most crucial aspect of the preparation and it can make or break or career. You can spend a lot of time and effort in trying to find what to do and what not to do OR you can save your time by learning EXACTLY what to do! Speak with us and we will help you find the right mentor DEDICATED to you! Start preparing with a personal mentor for guidance.
    3. Get the right study material – In UPSC, you have to know the difference between what to study and what not to study! Do not spend a single minute in reading things that are not relevant. Our mentors gather the most important study materials in a concise way to reduce your effort. Gain this advantage over other aspirants and start preparing the smart way!
    4. Stay consistent – We all know that UPSC is a marathon and consistency is the key. Our dedicated mentors make sure you remain focused throughout your preparation. Receive personal care and support from our experienced mentors and spend every day getting ready to crack this exam. Every day counts!
    5. Study-Assess-Study – Start preparing for your exam with a strategy that improves you continuously. Our mentorship program helps you through a unique cycle of study-assess-study for maximum impact. Start your studies with a plan, assess your improvement with the help of our mentors, and go back to studies with stronger feedback. Improve every day!

    Here’s the fact: Every day that you waste doing the wrong things takes you away from your dream.

    Speak with our mentors TODAY and start preparing the right way. The countdown has already begun.

  • You Can DEFINITELY Become An IAS Officer. Let’s Discuss How! | Join FREE Habitat Sessions | Timetable inside

    You Can DEFINITELY Become An IAS Officer. Let’s Discuss How! | Join FREE Habitat Sessions | Timetable inside

    Dear Aspirants,

    We know that you are putting in the hard work to become an IAS officer, and we know that you can definitely make it! And we are here to help you make that dream come true for absolutely FREE!

    Join the most dedicated community of UPSC aspirants and engage on every topic. Learn from experienced mentors and take away the most important materials to read. Everything you need in one place!

    What you need to do:

    What you need to do:

    1. Join the FREE sessions at Habitat by clicking here.
    2. In the Geenral club, you will find students and mentors discussing different topics.
    3. Browse through the conversations.
    4. Read the discussions that have already happened.

    And then,

    1. Engage with the group.
    2. Feel completely free to express yourself.
    3. Speak about the issues you are facing.
    4. Talk to the mentors.
    5. Participate with your peers who are in the same boat as you!

    And EXCEL!

    There’s no obstacle to a conversation. Be a part of the most driven group and actively engage in discussion. It’s a perfectly safe place for you to be yourself!

    Come on board now! 

  • Streak Daily: Question Hour – Day 14

    Questions for the Day:

    Streak – Most Important Current Economic Edition for Prelims 2021 – Sukanya

    Q1) Select the correct statement/s in context to National Infrastructure Pipeline (NIP).

    1. It includes economic as well as social infrastructure projects.

    2. It aims to improve infrastructure project preparation and attract new investments both foreign and domestic.

    A. 1 only

    B. 2 only

    C. Both 1 and 2

    D. Neither 1 nor 2

    Q2) Identify the correct statement/s in context to Engineering, Procurement and Construction (EPC) Model.

    1. Under this model, the cost is completely borne by the government.

    2. The private sector’s participation is limited to the provision of engineering expertise.

    A. 1 only

    B. 2 only

    C. Both 1 and 2

    D. Neither 1 nor 2

    Q3) Select the correct statement/s regarding Government Owned Contractor Operated (GOCO) model.

    1. This model was recommended by the Shekatkar committee.

    2. Under the model, the private companies will make investments on land, machinery and other support systems.

    A. 1 only

    B. 2 only

    C. Both 1 and 2

    D. Neither 1 nor 2

    Q4) Which among the following subsides is/are considered to be part of Amber Box Subsidies under the Agreement on Agriculture (AoA)?

    1. Minimum Support Price (MSP)

    2. Income support through PM-KISAN(Pradhan Mantri Kisan Samman Nidhi)

    3. Financial Support for Agricultural Universities to enhance R&D.

    Select the correct answer using the code given below:

    A. 1 only

    B. 1 and 2 only

    C. 1 and 3 only

    D. 1, 2 and 3

    Q5) Which among the following agencies has recently published the “Digital Payments Index”?

    A. National Payment Corporation of India (NPCI)

    B. Reserve Bank of India

    C. Ministry of Finance

    D. Indian Banks Association

    Streak – Most Important Economic Edition for Prelims 2021 -Santosh

    Q1) Which of the following given below are the cost push factors of inflation?
    1. Rise in population.
    2. Black money.
    3. Rise in income.
    4. Excessive government expenditure.
    Select the correct answer using the codes given below:

    A. 1, 2 and 3 only

    B. 2, 3 and 4 only

    C. 1, 2 and 4 only

    D. None of the above 

    Q2) Which of the statements given below is/are correct?
    1. Deflationary gap is a situation which arises when Aggregate demand in an economy exceeds the Aggregate supply at the full employment level.
    2. Inflationary Gap is a situation which arises when Aggregate demand in the economy falls short of Aggregate Supply at the full employment level.
    Select the correct answer using the codes given below 

    A. 1 only

    B. 2 only

    C. 1 and 2 both

    D. None of them

    Q3) Which of the statements given below is/are correct?
    1. Stagflation is a situation in which there is a high inflation rate along with a high rate of unemployment.
    2. The Phillips curve highlights the directly proportional relationship between inflation and unemployment.
    Select the correct answer using the codes given below 

    A. 1 only

    B. 2 only

    C. 1 and 2 both

    D. None of them

    Q4) Consider the following statements
    1. Contractionary Fiscal policy involves cutting taxes or raising government spending to reduce the inflationary pressures in the economy.
    2. Expansionary Fiscal Policy is adopted during the period of boom.
    Which of the statements given above is/are correct?

    A. 1 only

    B. 2 only

    C. 1 and 2 both

    D. None of them

    Q5) Consider the following statements
    1. Fiscal drag is a concept where inflation and earnings growth bring taxpayers out of the higher tax brackets.
    2. Tax buoyancy is result of fiscal drag.
    Which of the statements given above is/are correct?

    A. 1 only

    B. 2 only

    C. 1 and 2 both

    D. None of them

  • Issue of the oath of an elected representative

    Context

    Some Cabinet Ministers in Karnataka who took oath recently stood out from the rest.  All these oaths run against the spirit of the Constitution.

    Background of agnostic Constitution

    • The public officials who took office under the Government of India Act, 1935 had to take oath which had no mention of God.
    • During the Constituent Assembly debate, B.R. Ambedkar proposed the Preamble, “We, the people of India…”.
    •  H.V. Kamath moved an amendment to the Preamble, “In the name of God, we, the people of India…”.
    • To this proposal, another member, A. Thanu Pillai said that if this amendment is accepted it would affect the fundamental right of freedom of faith.
    • He said that a man has a right to believe in God or not, according to the Constitution.
    • H.N. Kunzru opposed Kamath’s amendment stating that in a matter that vitally concerns every man individually, the collective view should not be forced on anybody.
    • The amendment was defeated, thereby excluding ‘God’ from the Preamble.
    • Thus, our founding fathers gave us an agnostic Constitution.

    What are provisions in Consitution

    • The public officials who took office under the Government of India Act, 1935 had to take oath which had no mention of God.
    • However, the framers of the Indian Constitution rejected this conception of secularism.
    • Constitution gives office-holders an option to swear in God’s name if they so wished.
    • The Supreme Court of India observed in 2012 that the oath by an elected representative should be taken “in the name of God” if the person is a believer or should be “solemnly affirmed” if the person is a non-believer.
    • The Supreme Court said that the oath of an elected representative should be in strict compliance with the wordings of the Constitution. 

    Way forward

    • As the Republic belongs to all the citizenry, irrespective of whether he is a theist, atheist or agnostic, and irrespective of his caste or religion, a person occupying a constitutional post should take oath in the format of ‘“solemnly affirm”.
    • The Constitution should be amended accordingly.

    Conclusion

    If a person takes the oath in the name of a God affiliated to a particular religion or caste, the citizenry cannot expect the absence of affection or ill-will from him. The allegiance of a person holding a constitutional post should only be to the Constitution.