15 Apr, 2020

  • Corona Bond - Editorial (International Groupings) (European Union, European Stability Mechanism, European Council, European Commission, European Investment Bank, European Central Bank)
  • U.S. approves two missile deals with India (International Relations) (India-USA deal - Harpoon Block II Air launched missile, Lightweight Torpedoes, Offset Agreements)
  • Economic Liberalisation and its faults - Article (Economy) (Critical Analysis of Economic Liberalisation, Dependence of Import, lack of Manufacture)
  • World Economy to contract by 3% - IMF (Economy) (IMF Report on world growth projections)
  • SoI maps add heft to Aarogya Setu App - (Science & Technology) (Aarogya App, Sahyog App, Survey of India, Geospatial data)
  • Summary for Prelims
  • Question for the Day

Prelims Quiz

    Solution.

    • Total Marks 0
    • Total Scored 0
    • Total Attempted 0
    • Total Correct 0
    • Total Wrong 0
    • Total Not Attempted 0
    0%
    Description

    Corona Bond 

    EU finance ministers have agreed a €540bn Emergency Rescue Package for European countries hit hard by the coronavirus pandemic. It allows governments borrowing from the bailout fund to spend up to 2% of GDP on direct and indirect costs of the pandemic without conditionalities. However, there has been differences between rich and poor countries within EU over the usage of the fund to fight COVID-19 pandemic. 

    • Emergency Credit Line
    • The European Stability Mechanism

     

    U.S. approves 2 missile deals with India

    The U.S. State Department has approved two potential missile deals with India, for an estimated $92 million and $63 million. As of now there in no offset clause in the deal but can be placed later by the contractors

    • About the deal

     

    Economic Liberalization and its faults

    Governments across the world are grappling with the outbreak of COVID-19. Most of the countries have not able to provide essential medicines, Personal protection Equipment (PPE), diagnostic tools etc. to deal with the pandemic. In this regard, the article argues that this inability of the Government to provide essential health products is on account of LPG reforms. The LPG reforms has led to loss of manufacturing base in most of the countries. It has also increased their import dependence, even for essential health products.

    • Impact of LPG reforms on the Global Economy
    • Impact of LPG reforms on the Indian Economy
    • Higher Import Dependence on China for APIs:

     

    India to grow 1.9%, global economy to shrink 3%: IMF

    The World Economic Outlook of IMF has released the global growth projections for periods during and after the COVID 19 pandemic.

    Accordingly the global growth number is expected to contract by 3% and India is expected to grow by 1.9%.

    • Growth projections
    • Factors pulling down growth numbers during the pandemic
    • Suggestions to policy makers

     

    SoI maps add heft to Arogya Setu app

    Launched by Ministry of Human Resource Development and is associated with Digital India for the health and well-being of every Indian.

    • Aarogya Setu App
    • Sahyog app
    Comments

    Manish . 7 months ago

    Thanks sir

    Anand Prakash 7 months ago

    European Council and Council of the European Union are different institutions. While discussing Prelims Question of 2010, the question was regarding European Council, but the follow-up discussion was done about Council of the European Union. Please correct that mistake.

    Gopal moger 7 months ago

    thank u R.team

    Anjali 7 months ago

    Rishind Chaubey 7 months ago

    Aarogya Setu app was launched by Union Health Ministry, and devp by NIC, MeITY.