23 May, 2020

  • RBI cuts repo rate again, down to 4% (Indian Economy) (Monetary Stimulus )
  • Lower the temperature, defuse the issue (International Relation) (Economic stimulus for COVID-19)
  • 'New security law will tighten Beijing's grip on Hong Kong (International Relation) (Geo Strategy and Geo Politics)
  • Will exit Open Skies Treaty, announces U.S. (International Relations) (Geo Strategy and Geo Politics)
  • Question of the Day

Prelims Quiz

    Solution.

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

    RBI CUTS REPO RATE AGAIN, DOWN TO 4% + TIME AFTER TIME + RBI EXTENDS MORATORIUM BY 3 MONTHS + NO RELAXATION IN DEBT RECAST DISMAYS BANKS  

    RBI Governor Shaktikanta Das termed the risk to growth outlook “gravest”. He said that GDP growth in the current financial year is expected to be in negative ter­ritory. He stated that the global economy is headed inexorably into a recession.

    • Inflation outlook is highly uncertain
    • Another set of measures by RBI
    • Widening of Monetary Policy Corridor
    • Interest on working capital can be converted to term loan
    • Exporters can now Avail Bank Loans for Higher Period
    • Loan facility to EXIM Bank
    • More time for Importers to Pay for Imports
    • RBI did not re­lax norms for loan restructuring by lenders

     

    LOWER THE TEMPERATURE, DEFUSE THE ISSUE + COLD NEIGHBORHOOD  +  NEW NEPAL MAP BASED  ON HISTORIC DOCUMENTS

    As per officials of Nepal, Nepal’s new official map is based on historic documents dating back to the early 19th century and cannot be termed artificial.

    • Nepal’s objection to India’s map
    • Territorial sovereignty
    • Cause of the dispute
    • About the road

     

    NEW SECURITY LAW WILL TIGHTEN BEIJING’S GRIP ON HONG KONG 

    China dropped a political bombshell on Hong Kong when it declared it would impose a national security law on the city. Now many fear this could spell the end of Hong Kong's unique freedoms. 

    • National Security Law for Hong Kong
    • China’s claim on Hong Kong
    • Basics of Power relation Between Hong Kong and China
    • Hong Kong's Political system
    • Article 23 of the Basic Law
    • Why are people in Hong Kong afraid?
    • So, can China just push this through?

     

    WILL EXIT OPEN SKIES TREATY, ANNOUNCES U.S.

    The U.S. has given notice that it will exit the Open Skies Treaty (OST), an agreement that allows countries to monitor signatories’ arms development by conducting surveillance flights over each other’s territories. U.S. Secretary of State Mike Pompeo, who announced the withdrawal, said Russia had “continuously and flagrantly” violated the treaty.

    • About Open Skies Treaty
    • Treaty Status
    Comments

    Sourav Saha 6 months ago

    Isn't China Taiwan relation also under One country two systems?

    Md Ayaz Ahmed 6 months ago

    RBI governer is SHAKTIKANTA DAS ..plz check its Not shashikant 

    Revit Gaur 6 months ago

    Sourav Saha China and Taiwan are separately two countries whereas Hongkong is a city. 

    Swapnil Kashyap 6 months ago

    Under VRR, the limit mentioned by you in the video is ₹40000cr whereas in the quiz you've mentioned it ₹1.5lakh cr. Kindly clarify.
     
    Also when you said RBI has relaxed the rules, do you mean it has reduced the threshold amount or time period? If yes, which one it is.

    Karthika Nair 6 months ago

    Is Macau under the one country two systems under China? 
    What implications can the prospective passing of this legislation have on Macau? 

    Raviraj Awasthi 6 months ago

    if banks have parked excess money worth Rs. 8 lakh crore with RBI, why is it difficult for RBI to adopt negative interest rate policy as was adopted by developed economies like japan in wake of GFC 2008 to spur lending?
     
    What are the challenges associated with it?

    garima 6 months ago

    Please check if KYRGYSTAN and not Kazakhstan is the 35th menmebr of the OST who has not yet ratified the treaty.