o s i t i v e S t a r t

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2 Ṗ o s i t i v e S t a r t

3 Ẹ d i t o r i a l C o m m e n t s

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

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6 Credit tangle- D12,800-crore letters of undertaking (LoUs) fraud. Reserve Bank of India has decided to ban: LoUs and LoCs issued by bankers to businesses for international transactions Society for Worldwide Interbank Financial Telecommunications It is estimated that overall, bank finance for imports into India is around $140 billion, of which over 60% is funded through such buyers credit.

7 Naturally, industry is unhappy with the RBI decision WHY? - : didn t have adequate powers to regulate public sector banks, and it could not remove any of their directors or liquidate such a lender, as it can in the case of private sector banks. Omnibus ban of LoUs will impact the $85 billion buyers credit market that was mostly conducted in accordance with the law of the land.

8 Rexit and beyond- U.S. President Donald Trump s decision to fire his Secretary of State, Rex Tillerson, and replace him with CIA Director Mike Pompeo, came out of the blue. Mr. Tillerson did not agree with Mr. Trump on fundamental policy matters, the President said. number of senior officials exiting the Trump administration: 24 It is quite possible that Mr. Trump has used his first year in office to consolidate his vision and attract the right talent to realise his governance paradigm Mr. Trump s hardline stance is what is ultimately bringing the North Koreans to the negotiating table.

9 The strategy of conflict - A little over two months into ceasefire violations (CFVs) by Pakistan have been reported by New Delhi which have claimed the lives of 12 civilians and 10 soldiers. Pakistan reported 415 CFVs by India which have claimed 20 civilian lives (there is no data on Pakistani military casualties). The calibre of weapons used on the border have also graduated from short-range personal weapons to 105 mm mortars, 130 and 155 mm artillery guns and anti-tank guided missiles. Mindless violence, or is there a strategy behind this violence?

10 Three strategies - 1. Talks over bullets, 2. Talks and bullets, 3. Disproportionate bombardment The years immediately after the 2003 CFA witnessed a great deal of calm. Prime Minister Narendra Modi s visit to Lahore. December 2015 to February 2016 hardly witnessed any CFVs Engagement with Pakistan and quiet on the border are strongly correlated.

11 Failure of this strategy has been due to the periodic terror attacks carried out against India. - The second strategy has been to engage in talks while proportionately responding to Pakistani provocations to 2012 seems to fall in this category India reported 70 violations in 2010, 62 in 2011 and 114 in Both talks and firing persisted, though at moderate levels. This strategy comes with major political costs Being weak

12 - The third Indian strategy is disproportionate bombardment of the Pakistani side using high calibre weapons while not showing any desire for talks, negotiations or concessions, and shunning Pakistani suggestions thereof. India s reported rejection, in January: DGMOs meet Its domestic political utility is enormous given the surprisingly few questions being asked of the government about the rising civilian and military casualties. The we kill more than they do argument, combined with the surgical strikes narrative, creates a powerful political discourse laden with potential electoral benefits for the ruling dispensation in New Delhi. a rising toll could reverse popular support for the current muscular approach. steadily shrink the space available for negotiated outcomes with Pakistan. sentiments could become a worry for the government

13 News- Pakistan asks its envoy to return for consultations Islamabad alleges maltreatment of officials posted at High Commission in Delhi Pakistan on Thursday asked its envoy to return for consultations amid growing bilateral tensions over alleged harassment of its diplomats in India. Indian sources, however, indicated that Pakistan had not ensured the safety and security of Indian diplomats in Islamabad despite repeated requests.

14 Arresting the drift- Russia has been a time-tested ally of India. Soviet era, both countries have shared such amicable relations Russia s interest in getting closer to Pakistan and China has grown. Nuclear Suppliers Group Joint military exercises Russia-China-Pakistan

15 - Russia s new Ambassador to India, Nikolay Kudashev, has taken charge at this critical juncture, a tough time for bilateral ties yet a positive opportunity to broaden areas of cooperation. If people-to-people contact between the two countries is promoted more, it could help ensure deeper linkages and fortify past associations. The quickest remedy is to reengage with Russia with the specific aim of demonstrating that it is still an important friend of India.

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17 - Media think they re on a pulpit: CJI The Chief Justice s remarks on the state of the media came during the hearing of a petition filed by online news portal, The Wire, against a Gujarat High Court decision. The top judge said some of what the media put out amounted to sheer contempt of court. With specific reference to the electronic media, he said journalists behaved as if they had turned popes or guardians overnight. The Chief Justice said he had never gagged the press, but they cannot write anything about anyone from their imagination. He made it clear that his remarks were not in anyway connected to the case being heard. MoF declines 3% GDP allocation for defence Finance Ministry has declined a recommendation from the Parliamentary Standing Committee on Defence to have a fixed allocation of 3% of GDP for the Defence Ministr

18 - Spy incident: 4 nations slam Russia In a joint statement, U.S., U.K., France, and Germany say the assault is a breach of international law It is an assault on U.K. sovereignty and any such use by a state party is a clear violation of the Chemical Weapons Convention and a breach of international law. It threatens the security of all of us, they said in a joint statement on Thursday.

19 - N. Korean Minister visits Sweden North Korea s Foreign Minister Ri Yong-ho visited Sweden on Thursday, the Swedish Foreign Ministry said, prompting speculation that the two-day trip could lay the groundwork for a mooted meeting between the leaders of the U.S. and North Korea. U.S. challenges India s export subsidies at WTO A statement from the USTR listed the Merchandise Exports from India Scheme; Export Oriented Units Scheme and sector specific schemes, including Electronics Hardware Technology Parks Scheme; Special Economic Zones; Export Promotion Capital Goods Scheme, and a duty free imports for exporters programme as distorting trade in a way that allows Indian exporters to sell their goods more cheaply to the detriment of American workers and manufacturers.

20 - India likely to push for dropping Asian premium on oil prices India is likely to lobby heavily for an end to the discriminatory Asian premium on oil prices and a responsible price mechanism, as it prepares to host a major conference for oil producing and consuming countries. Antibiotic resistance: vultures wintering in India show pattern Escherichia coli, a pathogen seen in over 90% of Egyptian vultures that migrate to northwest India to spend the winter, tend to show significant difference in resistance to antibiotics within a single season, a study has found.

21 Answers- 1. Siraj-ud-Daulah was defeated by Robert Clive in the battle of A. Plassey B. Buxar C. Munger D. Wandiwas 2. Identify the incorrect statement about Karnataka Plateau A. It has an average elevation of metres B. It is composed of volcanic lava flow of Deccan Trap in its Northern part C. It has two distinct physiographic features Malnad and Maidan D. The highest peak is Kalsubai 3. Public Accounts Committee submits its report to? A. Chairman of Rajya Sabha B. Speaker of Lok Sabha C. President D. Finance Minister

22 Questions- 1. The pattern which consists of nearly parallel streams that flow into main trunk stream at right angles is called as A. Rectangular B. Trellis C. Radial D. Dendritic 2. Place where Blue Nile and White Nile effect a confluence is A. Port Said B. Cairo C. Khartoum D. Alexandria

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