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[Interview Prep] Discussion on current events

Well it has been more than one month since mains got over. And whoever are hopeful of getting call for interview it is high time to start current events preparation apart from other things related to profile and DAF.

In this thread let us discuss all important current events which are likely to be asked in interview.
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Comments

  • May be first and most important topic to discuss is dismal economic outlook of world.

    1. Indian exports have fallen for 13 straight months a record after 1952-53
    2. Yuan devaluation is expected to hit Indian exports further.
    3. Manufacturing declined in november putting question mark on efforts to revive it by prog like Make in India.
    4. Oil prices decline a mixed blessing for India
    5. India's economic outlook remain strong according to IMF as it is less dependent on external factors and is driven by public investment and private consumption.

    However the question remains how to emerge stronger and generate economic growth needed to employ millions to reap demographic dividend.

    For more you can see :https://sevottam.wordpress.com/2016/01/27/economic-scenario-india/

    Your thoughts on the topic are welcom.
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  • 4.Oil prices decline a mixed blessings-
    ●+Ve
    ●India imports 80% f its crude oil needs→prices decline→windfall gain in import bills
    ●bright spot→↓decline oil prices coinciding improving investment sent
    iment in wake f make in india,startup missions,fdi policy in defence n infrastructure.n demographic dividend.
    ●rationalising subsidy regime at home in Lpg.curtail fiscal deficit→oppertunity for public investment in agriculture,research etc.

    ●Better forex→sentimental boost for ease f doing business→more fdis.
    ●could help investment in infrastructure→power n roads→multiplier impact on manufacturing→employment→↑consumption→↑savings→↑investment→virtuous cycle .
    ●boost in demand n den production in automobile sector→spillover impact on employment.


    -Ve
    ●India one f top exporter f refinery products→decline in oil prices→↓refinary prices→declines forex gains.
    ●oil prices decline indicates overall decline in demand n deflationary trnd at global level→not good for indias export ambitions.
    ●↓oil prices→oli sheikhdoms going for tight money policy→↓decreased sovereign investment,↓foreign remittances→↓forex reserve→↓ease f doing business.
    ●↓oil prices coinciding global slowdown→so every nation has own strategy Us went for improving domestic consumption →so now seeing revival→going for fed tapering→widthdrawl of fiis frm India.
    China going for yuan devaluation to revive export→not good for indias manufacturing sector.
    ●demotivate indias clean energy ambitions→↑pollution.
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  • GST , NFHS-4 , Caste Issues in Educational Institutions , New Farm Schemes (Fasal Bima Yojana ), India's relations with West Asia ( Iran deal ) , Start Up India and Sports Issues
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  • Looking at recent vermula suicide, effectiveness of Reservation system and how they can be improved.
    GST Bill and implications though it is unlikely to be asked cuz quite some time has elapsed since it happened.
    Delayed Winter, economic and climatic implications.
    Direct recruitment vs Promotion - which has better imoplications.
    Radicalization of Indian subcontinent muslims by the infamous IS.

    These are some of the hot topics I think are imprtant.
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  • I dont think scrapping reservation is good idea.unless and untill every caste n class have representations in govt offices n educational institutions in proportion to their population.
    But no doubt various castes have disproportionate increase in population.so select d recent secc as benchmark n den go for comparision in 25 yrs.
    But growing tendecy of self proclaiming backwardness,display of discontent and rage by forward castes against underprivileged,cant b entrtained.so in dis respect sc verdict from Balaji vs state of mysuru to recently in Jat reservations isssues needs attention.i.e. to go beyond historical injustices and devlop different n constant evolving yardsticks for rewarding reservations.

    Imo national integration cant b ensured unless every castes having feeling of alienation n disenchantment from existing state order n r polarised for political gains.
    So its better to impart value based education n imbibe morals of equality,altruism in small children.who will n can grow into empowered,informed adults ready to break old age historical legacy based on artificial seperation n nurtured by endogamy.it may take one /two generation though.
    But till then its necessary,Also for stringent implementation of scs and sts prevention of atrocities act,anti-rgging rules,transparency set of ethical norms in appointment n post of vc of university etc.
    INDIAS demographic should b involved in constructive,nation building activites rather then being used as weapon against existing reservation policy.
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  • I have one doubt regrding reservation policy-plz koi chappale mat chalana..on f my pg frnd who openly proclaim for having ol luxaries f world,though father being sarkari engineer-d prsn use to spnt fathrs money n own time like Pani n was enjoying rejoice of reservation.where as persons castic counterpart in rural hertland may remain underprivilgd for genrtns to come!!
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  • I have one doubt regrding reservation policy-plz koi chappale mat chalana..on f my pg frnd who openly proclaim for having ol luxaries f world,though father being sarkari engineer-d prsn use to spnt fathrs money n own time like Pani n was enjoying rejoice of reservation.where as persons castic counterpart in rural hertland may remain underprivilgd for genrtns to come!!

    Sad but true fact about reservations. Most of the reservations especially in SC/ST are cornered by well heeled rather than needy in the community. This fact is now being raised by many SC/ST activist themselves. In all states there are many dominant community among the reserved categories who take the lion's share of benefits with the vulnerable communities not benefiting, but then it needs to be tackled politically.

    There needs to be economic criteria like creamy layer exists for OBC but government does not have political courage to tackle this issue.
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  • Please somebody post the list of all the issues which Ravindran Sir asked to keep vigil on.
    When I despair...I remember... that all through history...the way of truth and love has always won. There have been tyrants and murderers...and for a time, they can seem invincible...but in end, they always fall...And truth and love prevail...!!!...CSM-13/PT-14...!!!
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  • Guys...
    Anyone say suggest some alternatives to economic growth.
    may be we get an opinion based question.
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  • The US Federal Reserve has kept key interest rates unchanged and pledged to closely monitor developments in the global economy and financial markets. The Fed said yesterday that economic growth has slowed since it raised rates from record lows in December.
    For seven years until December, the Fed had kept that rate at record lows near zero. Since the Fed raised rates on the 16th of December last year, stock markets have plunged, oil prices have skidded and China has struggled to manage a slowdown in the world's second-biggest economy.

    Can Someone Please Explain This in Layman's Term
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  • edited January 2016

    The US Federal Reserve has kept key interest rates unchanged and pledged to closely monitor developments in the global economy and financial markets. The Fed said yesterday that economic growth has slowed since it raised rates from record lows in December.
    For seven years until December, the Fed had kept that rate at record lows near zero. Since the Fed raised rates on the 16th of December last year, stock markets have plunged, oil prices have skidded and China has struggled to manage a slowdown in the world's second-biggest economy.

    Can Someone Please Explain This in Layman's Term

    When central bank keeps interest rates low it is called easy monetary policy. Whatever interest rates central bank (here Fed) decides is base rate of lending of loans in that country. As this is the rate at which bank can lend from central bank. Like current interest rate in India is 6.75% hence banks like SBI, ICICI can borrow money from RBI at this rate. And whatever loan they will give will be at least higher than this rate.

    Due to low interest rates by central banks, interest rates set by banks for lending to corporate or individual comes down (at least theoretically, banks are not obligated to pass low interest rate but generally due to competition are forced to do that). By more lending the investment in economy goes up which leads to growth. This is rationale behind setting/ cutting interest rate to stimulate economic growth.

    However if central bank happens to be Federal Reserve (central bank of US) then its interest rates have global ramification. US followed easy monetary policy post 2008 crisis - setting interest rates near zero which was followed by Quantitative easing (buying govt bonds held by corporate to increase money supply in economy in turn to stimulate growth). This easy money flooded emerging country like India - leading to increase in stock markets, real estate prices along with investment in real economy.

    Now US economy is coming back to growth mode (employment is up, GDP growth is up) hence now Fed is reversing its easy monetary policy. As easy monetary policy can cause inflation harming economy. India suffered inflation due to monetary and fiscal stimulus in 2008 - directly leading to high inflation or few years which led to defeat of UPA-II.

    But the catch remains since Fed's policy has global ramification and US economy is globally integrated it cannot afford recession in other countries. China is slowing, EU is perennially caught in low or no growth scenario. Hence if US increases its interest rates unilaterally it would bring in massive amount of capital to US withdrawing from EU, emerging markets. This would hurt global economic growth. Already due to last interest rate increase massive capital outflow has begun in India, China and other emerging countries. This would hurt global economic growth and hence harm US economy. Thus Fed is going slow on interest rate hikes.

    Hope this explanation helps.
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  • Few hot topics:-

    1) shani shingnapur shrine deadlock- Women's assertion of their rights/ Right to equality vs Right to freedom of religion/ other associated movements like haji ali dargah movement/few related movements from pre independence era.

    2) Negative interest rate - Bank of Japan. How negative interest rate works?/ Why modest inflation is necessary?

    3) Ingenious campaign by Kozhikode IAS Officer. Few innovative ways to increase public participation to improve public amenities.
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  • I think we need to take note of the (1) IMF reforms - especially the increase in voting rights for India, China, Russia & Brazil.. (2) Similarly the 'Recommendations of Deepak Mohanty Committee' on medium term path of financial inclusion...
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  • Few hot topics:-

    1) shani shingnapur shrine deadlock- Women's assertion of their rights/ Right to equality vs Right to freedom of religion/ other associated movements like haji ali dargah movement/few related movements from pre independence era.

    2) Negative interest rate - Bank of Japan. How negative interest rate works?/ Why modest inflation is necessary?

    3) Ingenious campaign by Kozhikode IAS Officer. Few innovative ways to increase public participation to improve public amenities.

    1. You can refer to RSTV debates, it has been covered extensively in Sarokaar and The Big Picture. The issue us about conflict in fundamental rights of individual and right of worship by institution. There are no east answer but that institution need to evolve with public opinion and comply with women's right. However the path is difficult as any force by administration would enflame the traditionalist. Way out: dialogue and shaping of public opinion by leaders through newspaper, visits and other media.
    2. Negative interest rate are what they proclaim. A penalty for keeping money in bank. Basically last stretegy by central bank to increase investment in economy to spur growth after nearly two decades of stagnation in Japan. However chief problem for Japan is worsening demographics and without addressing it there would be no solution to slowdown in economy.
    3. It reflects the need to engage with community proactuvely as the enlightenment is increasing. The days of unilateral decision making in administration is passing and need is to involve more and more citizenry to give power to true democratization of society.
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  • I think we need to take note of the (1) IMF reforms - especially the increase in voting rights for India, China, Russia & Brazil.. (2) Similarly the 'Recommendations of Deepak Mohanty Committee' on medium term path of financial inclusion...

    Why don't you write here about them and enlighten us.
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  • IMF Reforms
    Emerging market countries will now have more influence and access to capital at the International Monetary Fund.

    A country’s quota at the IMF determines its :-•Voting power
    •Amount of financial resources it must provide to the IMF
    •Access to IMF financing
    The larger a country’s quota, the more say that country has in the governance of the international financial institution.

    This latest reform will boost the quotas for all 188 members, doubling the overall quota resources for the IMF.
    *The reform gives emerging economies such as Brazil and China larger quota shares at the institution.
    *About 6 percent of quota shares will shift to emerging market countries. As a result, quota shares of traditionally strong economies such as the United States, Saudi Arabia and European countries will be diminished.
    * The quota shares of the poorest member countries will largely remain the same.
    * Executive Directors will now be appointed by ELECTIONS unlike earlier.

    Why reform was necessary?
    To increase its legitimacy in the wake of competition by NDB. With its 'core resources ' increased, it will now be able to better respond to the ongoing financial crisis.
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  • edited January 2016

    IMF Reforms
    Emerging market countries will now have more influence and access to capital at the International Monetary Fund.

    A country’s quota at the IMF determines its :-•Voting power
    •Amount of financial resources it must provide to the IMF
    •Access to IMF financing
    The larger a country’s quota, the more say that country has in the governance of the international financial institution.

    This latest reform will boost the quotas for all 188 members, doubling the overall quota resources for the IMF.
    *The reform gives emerging economies such as Brazil and China larger quota shares at the institution.
    *About 6 percent of quota shares will shift to emerging market countries. As a result, quota shares of traditionally strong economies such as the United States, Saudi Arabia and European countries will be diminished.
    * The quota shares of the poorest member countries will largely remain the same.
    * Executive Directors will now be appointed by ELECTIONS unlike earlier.

    Why reform was necessary?
    To increase its legitimacy in the wake of competition by NDB. With its 'core resources ' increased, it will now be able to better respond to the ongoing financial crisis.

    Most imp point is missing for why reform:
    IMF decision is taken by 85% vote with us alone has voting share of 18% it has veto power over its decision.
    Its impacts:
    US following ultra soft monetary policy- even not good for the world economy but still IMF is not doing anything (Its prime function of IMF whereas on minor issue it gives advisory opinion to the developing country.)

    about IMF providing capital to the countries in ration of share of its quota: r u sure about it?
    I think it provide finance in case of BoP crisis and country can use RTP.
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  • Yes.The amount of financing a member can obtain from the IMF (its access limit) is based on its quota. For example, under Stand-By and Extended Arrangements, a member can borrow up to 200 percent of its quota annually and 600 percent cumulatively. However, access may be higher in exceptional circumstances.

    Thank you @warrior0602 for adding the important point. :)
    ·

  • WHO has upgraded Zika Virus from mild threat to alarming one with a chance to affect 3 to 4 million people.



    And The United States has expanded a travel warning for pregnant women.

    Why?

    In the last few days, the country has seen over thousands of birth defects are blamed on the spread of mosquito-borne Zika virus.

    Details–

    Babies across the region and at least one in the United States, have been born with abnormally smaller heads — a condition doctors call microcephaly, which can cause brain damage.

    micro

    The scare has struck hardest in Brazil, which hosts the summer Olympic Games in August.

    http://www.drshakyacurrentaffairs.com/ziak-virus-creates-panic-latin-america/
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  • Important other points to be added: About the Zika Virus:

    The virus was first identified outside of Africa on Easter Island in 2014. It attacks the nervous system and can lead to potentially fatal paralysis.
    The virus is carried by the Aedes aegypti mosquito.
    There is no vaccine, and scientists have warned that developing one could take at least five years.

    Plz share more content on this trending topic and link having detailed discussion on Zika Virus ...Thanks
    nitinoooo said:


    WHO has upgraded Zika Virus from mild threat to alarming one with a chance to affect 3 to 4 million people.



    And The United States has expanded a travel warning for pregnant women.

    Why?

    In the last few days, the country has seen over thousands of birth defects are blamed on the spread of mosquito-borne Zika virus.

    Details–

    Babies across the region and at least one in the United States, have been born with abnormally smaller heads — a condition doctors call microcephaly, which can cause brain damage.

    micro

    The scare has struck hardest in Brazil, which hosts the summer Olympic Games in August.

    http://www.drshakyacurrentaffairs.com/ziak-virus-creates-panic-latin-america/

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  • Organising topics based on genre would b an viable option to internalize important points on such issues.

    My take on Economy.
    Fiscal dilemma..Public expenditure vs fiscal consolidation.
    Feasibility of three GST demands put forth by Congress.
    Innovative solution for current Infra deficit problems
    Can India face Greece type crisis..
    Measures taken by Govt to revitalise Manufacturing and it's exports.
    Comment on Start up Policy.

    Preparing answers in point format with proper prioritization can be done.. Let's b productive in these crucial days.

    Prelims : 2/2. Mains : 0/2. 24 years. "Thats how you devour a whale ; One bite at a time"
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  • Additional points on ZIKA virus.

    ★First discovered in zika forest in UGANDA.
    ★Arbovirus- passed to people by insects(mosquitoes).
    ★Climate change and globalisation may help diseases like ZIKA spread . Several mosquito borne tropical diseases have been spreading into regions of the world that have never exoerienced them.
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  • bhaiyon arunachal case jaroor follow up kar lena..aadha polity revise ho jaega :P
    presidents rule
    powers of governor
    speakers role
    anti defection law(not act)
    discretionary powers of governor
    judicial activism
    basic structure

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  • Dear Friends,As results of Mains are expected earlier this year..its the time to prepare for interview thoroughly no matter whether We will clear for it or not !!

    From Now onwards I will post few current affair related questions daily which may be asked by board. I invite you all (all means ALL..even those who failed to make it to 2nd stage itself but who want to make decisive opinions on such issues for their next chance Interview !!)

    I specially invite ALL experienced souls to guide the discussion in desired direction by Asking questions/Answering questions/moderating earlier replies so that if any LUCKY guy or gal here faces same issue related question in interview ..s/he will have something decisive and succinct view to answer !!

    Only one request BE SUCCINCT,CRISP AND TO THE POINT AS EXPECTED DURING INTERVIEW .. :)

    PS- Doing Bakar/irrelevant comments/inciting comments/insane arguments are STRICTLY prohibited.. for which i request all @mods to keep a tab on thread and ensure No Littering is done here too like many other Good threads of forum.

    Shukriya..Thank you..Dhanyawad.. ciao
    Being IAS... 4 U Onlyyy... :-)
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  • Can I make this an announcement?
    *No good deed goes unpunished*
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