1. Sinking rupee: As the dollar puts emerging market currencies under strain, the RBI needs to have a plan

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3 Ȧ R T I C L E S 1. Sinking rupee: As the dollar puts emerging market currencies under strain, the RBI needs to have a plan 2. Tectonic shift: A key primary race in the U.S. presents a new demographic and campaign finance model 3. The deepening disconnect: Postponement of the 2+2 dialogue has come amid growing India- U.S. estrangement in South Asia 4. Target incomes, not prices: Income support must be provided to at least the most vulnerable farmers 5. Can Indian football make it to the top league?: If India implements its plan well, it can be in the 2026 World Cup 6. Listening in: Setting up social media communication hubs to monitor digital chatter is a violation of the right to privacy

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6 . P R O F I L E PRASHANT MAVANI MSc. in Management, University of Surrey (UK) Senior Faculty: StudyIQ Download PDF notes of this lecture from my FB Page

7 Sinking rupee An all-time low: lost almost 8% in value since January 1 Worst-performing currency in Asia this year. Reason 1: rise in international crude oil prices as importers have had to shell out more dollars to fund their purchases. Reason 2: most important reason behind the fall in the rupee and other emerging market currencies is the tightening of U.S. monetary policy. Effects: CURRENT ACCOUNT DEFICIT, which jumped to 1.9% of GDP in the fourth quarter of from just 0.6% a year earlier, is now expected to widen to 2.5% in FY Traditionally caused the turning of the global credit cycle

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9 The deepening disconnect DISCONNECT : U.S. s decision to put off the first 2+2 dialogue with India 2+2 was an outcome of Prime Minister Narendra Modi and U.S. President Donald Trump s first meeting last June in Washington. A. Countering America s Adversaries through Sanctions Act: Russia and Iran B. Iran nuclear deal Modi advocating a course of strategic autonomy. Strategic relationship upgraded to a major defence partnership but the two governments have failed to make progress on signing foundational agreements India was to be central to the U.S. s efforts in Afghanistan while Pakistan would be put on notice for its support to terror groups, including those that target India.

10 The year began with Mr. Trump s tweet lashing out at Pakistan, followed by suspension of U.S. military aid. The U.S. also sought to greylist Pakistan at the Financial Action Task Force on terror financing. However, there are enough indications that Mr. Trump s South Asia policy is veering towards the U.S. s Af-Pak policy of the past with the U.S. engaging Pakistan to help with Afghanistan, and India consigned a more supplementary role. Washington, Kabul and Islamabad-Rawalpindi. American forces carried out more than 100 air and drone strikes in Afghanistan in 2017, and more than 40 till date in The corresponding figures for strikes in Pakistan are five and one, respectively. LeT chief Hafiz Saeed, the mastermind of the Mumbai 26/11 attacks, is now addressing political rallies in Lahore for parliamentary elections in which his son and son-in-law are candidates, and JeM chief Masood Azhar lives undisturbed in his Bahawalpur home.

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14 Target incomes, not prices Our farm policy is so bad, the proverb you reap what you sow isn t true any longer. Good rains, excessive sowing and the bumper harvest last year produced gluts in the market that sent the prices of many crops, and therefore farm incomes, crashing. Quick and precise adjustments to the export and import rules could have arrested the price fall by diverting the excess supplies to overseas markets. Budget promised that the Minimum Support Prices (MSPs) would be at least 150% of production costs. Farmers looking at this menu of MSPs would be to sow more of that crop/s in the next season. Telangana has announced such payments for farmers at the rate of 10,000/ha ( 4,000/acre) per season.

15 Listening in Union government has proposed to set up a network of social media communication hubs to monitor the digital chatter of citizens. To be implemented by the Ministry of Information and Broadcasting This proposal raises serious questions about the surveillance state, right to privacy and data protection. George Orwell s famous words in 1984: Big Brother is watching you. Big data analytical tools and machine learning can map user behaviour and predict trends. The first casualty of this new regime will be the citizens right to privacy. ensure a balance between individual rights and legitimate concerns of the state like national security or investigation of crime.

16 - Important News

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18 CS assault case: CM Kejriwal may face conspiracy charge Indian money in Swiss banks surges Revise relations with Iran, Haley tells India Kharif sowing on, but no word on MSPs Farmers may be hit as NITI Aayog proposal on shifting burden to States delays decision The monsoon has arrived in northern India and is expected to cover the whole country in the next few days, but farmers are still waiting for the announcement of the minimum support prices (MSP) for major crops. Migration issue can make or break EU Trump-Putin summit to unfold in Helsinki on July 16 RBI steps in as rupee hits record low It is estimated to have sold dollars about $ million through state-owned banks. We expect the RBI to intervene aggressively at 69.0 levels to support the rupee, it added. Gabon s orange crocodiles: a species intriguing scientists

19 Answers- 1. The United Nations Development Programme would be setting up a skill development centre in which city? Hyderabad Ranchi Chennai Bengaluru 2. The Supreme Court upheld the order passed by which court while ruling that women can file complaint against ex-husband for cruelty even after divorce? Bombay High Court Delhi High Court Madras High Court Rajasthan High Court

20 Questions- 1. Which country cut off funding for a system that monitored the flow of greenhouse gases? Germany Russia United States North Korea 2. Which was the world s largest remittance-receiving country in 2017, as per RemitSCOPE Remittance markets and opportunities Asia and the Pacific? India USA China Japan

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23 Subscribe. J A I H I N D Hit: Notification Bell Like Comment Download PDF notes of this lecture from my FB page or Twitter or our Telegram Channel Do you know? Nalanda = Na+alam+Daa, meaning no stopping of the gift of knowledge So do gift share this lecture with your loved ones. Thanks

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