. P R O F I L E PRASHANT MAVANI MSc. in Management, University of Surrey (UK) Senior Faculty: StudyIQ Follow/Contact me: @PrashantTMavani Download PDF notes of this lecture from my FB Page
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Ẹ d i t o r i a l C o m m e n t s
- Global trade war of the 1930s which deepened and prolonged the Great Depression. Great Recession of 2008: World leaders did well to avoid protectionist trade policies in the aftermath. Impose tariffs on the import of steel and aluminium EU: vowed to return the favour through retaliatory measures
- Trade deficit does not represent a country s loss either Steelworkers in key States in the U.S. played a significant role in Mr. Trump s election win in 2016. American consumers? Instead of retaliating with more tariffs, which could cause the current dispute to spiral into a full-fledged global trade war, the U.S. s trading partners must try to achieve peace through negotiations.
Plodding reforms- Saudi Arabia has invited women to join its military Earlier this year, women were allowed to attend football matches. Last year, King Salman issued a decree ending the ban on women driving. Crown Prince Mohammed bin Salman: steps are part of the broader reform agenda He had reined in the infamous Saudi religious police
- Last month, a member of the country s top clerical body said Saudi women need not wear the abaya, a fulllength, loose-fitting robe. The changes introduced by Prince Mohammed are indeed a big deal by Saudi Arabia s standards. More radical reforms are required for Saudi to leap frog into modernity.
Righting wrongs in land acquisition- How the government acquired land from private parties had long been the subject of heated dispute It was a milestone achievement of the UPA government when the historic Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act was passed in September 2013 with the full support of all political parties, including the Bharatiya Janata Party.
- Section 24 of the new Act provided that under certain circumstances, acquired land could be returned to affected families. Indore Development Authority v. Shailendra (February 2018): led to the constitution of a five-judge Bench of the Supreme Court to decide whether the Section has to be interpreted expansively or in a narrow sense. Land was lying unused, bringing no benefit to the state or the former owner. It was reasoned that five years was enough time for the acquiring authority to resolve all disputes, failing which it made no sense to hold on to the land.
PNB scam hits buyers credit - Interest rates go through the roof The $85-billion buyers credit market has come to a grinding halt with Indian banks reluctant to provide guarantees through letters of undertaking (LoUs).
Merkel gets support for a fourth term- Germany s second biggest party said on Sunday that its members have in their high-stakes referendum approved a plan to join Chancellor Angela Merkel s coalition, clearing the last hurdle to her fourth term. But the Chancellor, in power for 12 years, will go into her fourth term with weaker cards than before, as she had to pay a high price to coax the Social Democratic Party back into another loveless grand coalition.
Shared bikes- All that they need is a mobile phone application. They locate a bike, scan the QR code on it, and unlock it automatically. And then they are off. At the destination, the bicycle can be parked and locked. The system is run using communications technologies like GPRS, GPS and Bluetooth, which allow the maintenance crew to locate and return the bikes to parking stations.
Why this pre-release outrage, asks Smriti- Hitting out at Bollywood producers for manufacturing outrage ahead of a film release to spur greater box office interest, Information and Broadcasting Minister Smriti Irani on Sunday said the film industry must introspect on the issue. She was reacting to a query on the film industry s woes by film-maker Karan Johar, who referred to her as an industry insider, and said Indian films, a part of the country s soft power, were also at times a soft target.
Myanmar puts off border pact- Myanmar has indefinitely deferred signing an agreement with India to streamline the free movement of people within 16 km along the border. India is keen to sign the agreement but Myanmar citing domestic compulsions has asked for more time for the agreement to be sealed. India and Myanmar share a 1,643-km unfenced border along Arunachal Pradesh (520 km), Nagaland (215 km), Manipur (398 km) and Mizoram (510 km), and permit a free movement regime up to 16 km beyond the border.
Trump praises Xi, the President for life - U.S. President Donald Trump praised Chinese President Xi Jinping on Saturday after the ruling Communist party announced that it was eliminating the two-term limit for the presidency, according to audio aired by CNN. He s now President for life, President for life. And he s great, Mr. Trump said
Italy votes under new electoral law- Italians went to the polls on Sunday in a vote that could bring political gridlock after an election campaign marked by anger over the listless economy, high unemployment and immigration. The vote is being held under a complex new electoral law that could mean the final result will not be clear until late on Monday.
GST absolutely necessary for India, says Suresh Krishna- It has the potential to double the GDP You will understand the benefits of it after five or 10 years. After the implementation of GST, the gross domestic product (GDP) of New Zealand grew by four times. Check posts at State borders had vanished.
Cash-rich PSU general insurer may buy out smaller ones - Taking cue from ONGC s buyout of HPCL, the government may look at replicating the same in the insurance sector by asking a cash rich PSU general insurer to buyout the smaller ones. A Finance Ministry official said apart from buyout by cash-rich general insurers, a share-swap could also be considered for smaller insurers. In the 2018-19 Budget, Finance Minister Arun Jaitley proposed merging three public sector general insurance companies National Insurance Co. Ltd., United India Insurance Co. Ltd. and Oriental India Insurance Co. Ltd. into a single insurance entity.
Answers- 1. A major cause of the Russian Revolution of 1917 was the A. Defeat of Germany in the Russian campaign B. Marriage of Czar Nicholas II to a German Princess C. Existence of sharp economic differences between social classes D. Appeal of Marxism to the Russian nobility 2. The intensity of insolation depends on A. Altitude B. Nature of terrain C. Wind D. Latitude
Questions- 1. Seals in Harappan period were normally made of A. Lead B. Gold C. Silver D. Steatite 2. Salts of which of the following elements provide colours to fireworks? A. Zinc and sulphur B. Potassium and mercury C. Strontium and barium D. Chromium and nickel
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