We are following up on our week old post on *How to Help Civilsdaily Grow*
It is important to understand the issue which led India into Sri Lanka
This theme has been covered in 2 parts. Read the Part #1, here.
During 1997, most of East Asian countries witnessed financial crisis. This led China to devalue its currency in order to encourage its exports.
During 2005-06, China had come back to market-determined exchange rates , but later shifted to managed exchange rates.
Currently, Chinese economy is witnessing slowdown, due to dip in exports.
Do keep in mind, that China is export-oriented economy, unlike US which is more of consumption-based economy.
Technically, it is depreciation because China has allowed market forces to operate in determining the exchange rates. This is the reason, you may find at times, newspaper writing depreciation.
Because, Central Bank of China determines when the market forces will play their role.
Basically, before the this move, Chinese currency was a managed exchange rates, i.e. Central Bank decided the exchange rates.
As China knew that its currency will depreciate due to economic slowdown, so it allowed market forces to operate, i.e. China withdrew from currency exchange market.
Few questions, which may surface into your mind, that China could have simply devalued its currency. Why does it want market forces to play a role in determining the exchange rate.
Since Chinese economy is heavily dependent on exports, therefore China wanted to make its exports cheaper & thereby boost its exports.
China has been demanding from long time, that its currency Yuan, be made a global reserve currency at IMF.
Actually, IMF is a vocal supporter of free market economy, but, Chinese currency was managed by its Central Bank. Therefore, IMF rejected the demand to include Yuan in SDR.
This was the reason Chinese central bank allowed market forces to play their role.
Published with inputs from Pushpendra
Read the IAS Mains - GS Paper 1 Syllabus already? Click Here.
Read the IAS Mains - GS Paper 2 Syllabus already? Click Here.
The Civil Services Main examination is designed to test the academic talent of the aspirant, also his/her ability to present his/ her knowledge in a clear and coherent manner.
The Main Examination is intended to assess the overall intellectual traits and depth of understanding of candidates rather than merely the range of their information and memory.
Economics & Enviro are the mainstay of this GS Paper 3. While we can say that Economics will be an interesting read, not much can be said about Environment & Biodiversity. The other 3 topics form a relatively small segment of this paper and are mostly covered at the end of time (which is a euphemism for last month of IAS Mains).
Civilsdaily.com focuses on Current Economics News here – Stories @Economics
It forms an integral part of Environment & BioD. So, beyond policy and institutional maneuvers (by Center and State), you won’t have to focus on anything separately.
Anything that you would love to share? or Propose?
PS: We will be sharing the pdfs of these infographics in a short while.
On 27 September, an evening remembered for skywatchers or stargazers in most parts of the world, for they were witness to a rare celestial event, aptly described by many as “once in a generation”.
An exceptional celestial treat is in store for sky gazers as the event, called the Super Blood Moon, saw the Supermoon phenomenon combine with a lunar eclipse (where the Sun, the Earth and a brighter, much larger Moon lined up together).
The result? The Moon appeared blood red in colour, nearly 30% brighter.
A Supermoon is a phenomenon that occurs when, a full or new Moon coincides with a Moon that is nearing its minimum distance (perigee) to Earth.
The Moon takes an elliptical orbit around Earth, which means that the average distance between the two changes from as much as 405,000km (its apogee) to as low as 363,000km at the perigee.
Simply put, the Supermoon occurs when the Moon is at its closest to the Earth. NASA says the phenomenon can make the Moon appear larger by nearly 14% larger than its usual visible size.
During a total lunar eclipse, white sunlight hitting the atmosphere on the sides of the Earth gets absorbed and then radiated out (scattered). That is, the atmosphere filters out (scatters away) most of the blue-colored light and what’s left is the orange and red coloured light.
This red coloured light passes through our atmosphere without getting absorbed and scattered, before the atmosphere bends it (refracts it) back out, projecting indirect, reddish light on to the Moon.
The reddish light projected on the Moon is dimmer than the full white sunlight that the Moon typically reflects back to us. That’s because the light is indirect and because the red-coloured wave lengths are only part of what makes up the white light from the Sun that the Moon usually receives.
When we see a sunrise or sunset from our perspective on Earth, sunlight is coming in at a low angle. It has to travel through a lot of atmosphere, scattering more and more blue-colored light as it goes until what is left when the light reaches us at these day/night transition times is the more reddish wavelengths that get through.
But, interesting fact is that everyone may see a Moon that is brick-coloured, rusty, blood red or sometimes dark grey, depending on terrestrial conditions.
Don’t worry, we have full coverage here.
Sunday’s event was the first Supermoon lunar eclipse in over three decades. The last time the two phenomena combined was in 1982. The next such occurrence is expected to be 18 years later, in 2033. Sunday also saw the fourth instance of a blood Moon in the last two years as part of the “tetrad series” or a series of four consecutive total eclipses occurring at intervals of approximately six months.
So, is that We’re basically seeing all of the sunrises and sunsets across the world, all at once, being reflected off the surface of the Moon, How amazing it is !
Published with inputs from Arun
