Daily Analysis of 'The Hindu' - 7th August, 2020 Current Affairs Notes | EduRev

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Current Affairs : Daily Analysis of 'The Hindu' - 7th August, 2020 Current Affairs Notes | EduRev

 Page 1


07-08-2020
1
A A L Y S A L I S N
07-AUGUST-2020
S. 
No.
News Articles
Page Number* 
C B D H T
1
RBI keeps key policy rates unchanged 
1 1 1 1 1
2
Inflation to stay elevated: RBI 
15 13 15 13 15
3
Easy liquidity led to faster monetary transmission: Das
15 - 15 13 15
4
Can the NEP fix access to universal education? (OPED)
9 7 7 7 7
5
Basmati battle boils over as Chouhan joins issue
13 11 11 11 11
6
Priority sector lending to include start-ups
15 13 15 13 15
7
T.N. clocks higher growth rate for third consecutive year 
5 - - - -
8
Prelims Practice Question(s)
The Hindu News Analysis – 07
th
August 2020
Page 2


07-08-2020
1
A A L Y S A L I S N
07-AUGUST-2020
S. 
No.
News Articles
Page Number* 
C B D H T
1
RBI keeps key policy rates unchanged 
1 1 1 1 1
2
Inflation to stay elevated: RBI 
15 13 15 13 15
3
Easy liquidity led to faster monetary transmission: Das
15 - 15 13 15
4
Can the NEP fix access to universal education? (OPED)
9 7 7 7 7
5
Basmati battle boils over as Chouhan joins issue
13 11 11 11 11
6
Priority sector lending to include start-ups
15 13 15 13 15
7
T.N. clocks higher growth rate for third consecutive year 
5 - - - -
8
Prelims Practice Question(s)
The Hindu News Analysis – 07
th
August 2020
07-08-2020
2
Pg – 15 – C, D, T
Pg – 13 – B, H
Pg - 1 -
C, D, B, H, T 
Pg – 15 – C, D, T
Pg – 13 – H
Part A—Preliminary Examination
Paper I - (200 marks) 
? C ur r e n t e v e n t s o f n a t i o n a l a n d i n t e r n a t i on a l
i m p or t a nc e .
? Ec o n om i c a nd S o c i a l D e v e l o pm e n t - S u s t a i na b l e
D e v e l o p m e n t , P ove r t y , I nc l u s i on , D e m o g r a p h i c s ,
S o c i a l S e c t or I n i t i a t i v e s , e t c .
Part B—Main Examination 
PAPER-IV 
General Studies-III: Technology, Economic
Development, Bio diversity, Environment, Security and
Disaster Management
• I n d i a n Ec onom y a n d i s s u e s r e l a t i n g t o pl a nni n g ,
m o bi l i z a t i o n , o f r e s ou r c e s , g r ow t h , d e v e l o p m e nt a n d
e m p l oy m e n t .
Page 3


07-08-2020
1
A A L Y S A L I S N
07-AUGUST-2020
S. 
No.
News Articles
Page Number* 
C B D H T
1
RBI keeps key policy rates unchanged 
1 1 1 1 1
2
Inflation to stay elevated: RBI 
15 13 15 13 15
3
Easy liquidity led to faster monetary transmission: Das
15 - 15 13 15
4
Can the NEP fix access to universal education? (OPED)
9 7 7 7 7
5
Basmati battle boils over as Chouhan joins issue
13 11 11 11 11
6
Priority sector lending to include start-ups
15 13 15 13 15
7
T.N. clocks higher growth rate for third consecutive year 
5 - - - -
8
Prelims Practice Question(s)
The Hindu News Analysis – 07
th
August 2020
07-08-2020
2
Pg – 15 – C, D, T
Pg – 13 – B, H
Pg - 1 -
C, D, B, H, T 
Pg – 15 – C, D, T
Pg – 13 – H
Part A—Preliminary Examination
Paper I - (200 marks) 
? C ur r e n t e v e n t s o f n a t i o n a l a n d i n t e r n a t i on a l
i m p or t a nc e .
? Ec o n om i c a nd S o c i a l D e v e l o pm e n t - S u s t a i na b l e
D e v e l o p m e n t , P ove r t y , I nc l u s i on , D e m o g r a p h i c s ,
S o c i a l S e c t or I n i t i a t i v e s , e t c .
Part B—Main Examination 
PAPER-IV 
General Studies-III: Technology, Economic
Development, Bio diversity, Environment, Security and
Disaster Management
• I n d i a n Ec onom y a n d i s s u e s r e l a t i n g t o pl a nni n g ,
m o bi l i z a t i o n , o f r e s ou r c e s , g r ow t h , d e v e l o p m e nt a n d
e m p l oy m e n t .
07-08-2020
3
• Aim of monetary policy framework
? To set the policy repo rate based on an
assessment of the current and evolving
macroeconomic situation.
? Modulation of liquidity conditions to
coordinate money market rates at the
repo rate or around the repo rate.
• Two methods of credit control
1. Quantitative or General credit control
policy.
2. Qualitative or Selective credit control
policy
Monetary policy
• The use of monetary instruments under the
control of Reserve Bank of India (RBI) to
regulate
? Interest rates,
? Money supply and
? Availability of credit.
• Primary objective: To maintain price stability
while keeping in mind the objective of growth.
• RBI - Vested with the responsibility of
conducting monetary policy.
Qualitative or Selective credit control policy
• Ceiling on credit
• Margin requirements
• Discriminatory Interest Rates
• Moral suasion
Quantitative or General credit control policy
• Prescription of
? Bank Rate,
? Cash Reserve Ratio,
? Statutory Liquidity Ratio,
? Repo rate,
? Reverse Repo rates,
? Marginal Standing Facility;
? Open Market Operations.
Page 4


07-08-2020
1
A A L Y S A L I S N
07-AUGUST-2020
S. 
No.
News Articles
Page Number* 
C B D H T
1
RBI keeps key policy rates unchanged 
1 1 1 1 1
2
Inflation to stay elevated: RBI 
15 13 15 13 15
3
Easy liquidity led to faster monetary transmission: Das
15 - 15 13 15
4
Can the NEP fix access to universal education? (OPED)
9 7 7 7 7
5
Basmati battle boils over as Chouhan joins issue
13 11 11 11 11
6
Priority sector lending to include start-ups
15 13 15 13 15
7
T.N. clocks higher growth rate for third consecutive year 
5 - - - -
8
Prelims Practice Question(s)
The Hindu News Analysis – 07
th
August 2020
07-08-2020
2
Pg – 15 – C, D, T
Pg – 13 – B, H
Pg - 1 -
C, D, B, H, T 
Pg – 15 – C, D, T
Pg – 13 – H
Part A—Preliminary Examination
Paper I - (200 marks) 
? C ur r e n t e v e n t s o f n a t i o n a l a n d i n t e r n a t i on a l
i m p or t a nc e .
? Ec o n om i c a nd S o c i a l D e v e l o pm e n t - S u s t a i na b l e
D e v e l o p m e n t , P ove r t y , I nc l u s i on , D e m o g r a p h i c s ,
S o c i a l S e c t or I n i t i a t i v e s , e t c .
Part B—Main Examination 
PAPER-IV 
General Studies-III: Technology, Economic
Development, Bio diversity, Environment, Security and
Disaster Management
• I n d i a n Ec onom y a n d i s s u e s r e l a t i n g t o pl a nni n g ,
m o bi l i z a t i o n , o f r e s ou r c e s , g r ow t h , d e v e l o p m e nt a n d
e m p l oy m e n t .
07-08-2020
3
• Aim of monetary policy framework
? To set the policy repo rate based on an
assessment of the current and evolving
macroeconomic situation.
? Modulation of liquidity conditions to
coordinate money market rates at the
repo rate or around the repo rate.
• Two methods of credit control
1. Quantitative or General credit control
policy.
2. Qualitative or Selective credit control
policy
Monetary policy
• The use of monetary instruments under the
control of Reserve Bank of India (RBI) to
regulate
? Interest rates,
? Money supply and
? Availability of credit.
• Primary objective: To maintain price stability
while keeping in mind the objective of growth.
• RBI - Vested with the responsibility of
conducting monetary policy.
Qualitative or Selective credit control policy
• Ceiling on credit
• Margin requirements
• Discriminatory Interest Rates
• Moral suasion
Quantitative or General credit control policy
• Prescription of
? Bank Rate,
? Cash Reserve Ratio,
? Statutory Liquidity Ratio,
? Repo rate,
? Reverse Repo rates,
? Marginal Standing Facility;
? Open Market Operations.
07-08-2020
4
News
• RBI has not altered the policy repo rate –
expectation of good monsoon and bumper Kharif
crop.
? Repo rate
? Rate at which banks borrow money from
RBI by selling securities.
News
• RBI has not altered the policy repo rate –
expectation of good monsoon and bumper
Kharif crop.
? Repo rate
? Rate at which banks borrow money
from RBI by selling securities.
? Monetary Transmission
? Obligation from the banks to alter the
interest rate for loans based on the
repo rate changes announced by RBI.
Page 5


07-08-2020
1
A A L Y S A L I S N
07-AUGUST-2020
S. 
No.
News Articles
Page Number* 
C B D H T
1
RBI keeps key policy rates unchanged 
1 1 1 1 1
2
Inflation to stay elevated: RBI 
15 13 15 13 15
3
Easy liquidity led to faster monetary transmission: Das
15 - 15 13 15
4
Can the NEP fix access to universal education? (OPED)
9 7 7 7 7
5
Basmati battle boils over as Chouhan joins issue
13 11 11 11 11
6
Priority sector lending to include start-ups
15 13 15 13 15
7
T.N. clocks higher growth rate for third consecutive year 
5 - - - -
8
Prelims Practice Question(s)
The Hindu News Analysis – 07
th
August 2020
07-08-2020
2
Pg – 15 – C, D, T
Pg – 13 – B, H
Pg - 1 -
C, D, B, H, T 
Pg – 15 – C, D, T
Pg – 13 – H
Part A—Preliminary Examination
Paper I - (200 marks) 
? C ur r e n t e v e n t s o f n a t i o n a l a n d i n t e r n a t i on a l
i m p or t a nc e .
? Ec o n om i c a nd S o c i a l D e v e l o pm e n t - S u s t a i na b l e
D e v e l o p m e n t , P ove r t y , I nc l u s i on , D e m o g r a p h i c s ,
S o c i a l S e c t or I n i t i a t i v e s , e t c .
Part B—Main Examination 
PAPER-IV 
General Studies-III: Technology, Economic
Development, Bio diversity, Environment, Security and
Disaster Management
• I n d i a n Ec onom y a n d i s s u e s r e l a t i n g t o pl a nni n g ,
m o bi l i z a t i o n , o f r e s ou r c e s , g r ow t h , d e v e l o p m e nt a n d
e m p l oy m e n t .
07-08-2020
3
• Aim of monetary policy framework
? To set the policy repo rate based on an
assessment of the current and evolving
macroeconomic situation.
? Modulation of liquidity conditions to
coordinate money market rates at the
repo rate or around the repo rate.
• Two methods of credit control
1. Quantitative or General credit control
policy.
2. Qualitative or Selective credit control
policy
Monetary policy
• The use of monetary instruments under the
control of Reserve Bank of India (RBI) to
regulate
? Interest rates,
? Money supply and
? Availability of credit.
• Primary objective: To maintain price stability
while keeping in mind the objective of growth.
• RBI - Vested with the responsibility of
conducting monetary policy.
Qualitative or Selective credit control policy
• Ceiling on credit
• Margin requirements
• Discriminatory Interest Rates
• Moral suasion
Quantitative or General credit control policy
• Prescription of
? Bank Rate,
? Cash Reserve Ratio,
? Statutory Liquidity Ratio,
? Repo rate,
? Reverse Repo rates,
? Marginal Standing Facility;
? Open Market Operations.
07-08-2020
4
News
• RBI has not altered the policy repo rate –
expectation of good monsoon and bumper Kharif
crop.
? Repo rate
? Rate at which banks borrow money from
RBI by selling securities.
News
• RBI has not altered the policy repo rate –
expectation of good monsoon and bumper
Kharif crop.
? Repo rate
? Rate at which banks borrow money
from RBI by selling securities.
? Monetary Transmission
? Obligation from the banks to alter the
interest rate for loans based on the
repo rate changes announced by RBI.
07-08-2020
5
• RBI did not extend the moratorium on loan
repayments - offered to borrowers until
August 31, 2020.
? Allowed banks to restructure loans from
large corporates, MSMEs and individuals to
help overcome/manage the growing stress
on their incomes and balance sheets.
UPSC Prelims Question - 2015
Q. With reference to Indian economy, consider
the following:
1. Bank rate
2. Open market operations
3. Public debt
4. Public Revenue
Which of the above is/are
component/components of Monetary Policy?
(a) 1 only
(b) 2, 3 and 4
(c) 1 and 2 
(d) 1, 3 and 4
Practice Question - Prelims
Q. With reference to Indian economy, consider
the following:
1. Cash Reserve Ratio
2. Moral Suasion
3. Margin requirements
4. Reverse Repo Rate
Which of the above is/are
component/components of Quantitative
credit control policy?
(a) 1 only
(b) 3 and 4
(c) 1 and 2 
(d) 1 and 4
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