Today's news, Uncategorized

Today’s important articles/news in various newspapers (30th May)

Dear aspirants, following are the links of various articles taken from various newspapers. Click the link to read further. To get notification, follow the blog. Thank you!

1- Marks and standards (The Hindu)

Our school system needs a better evaluation mechanism for students.

Link it with GS Paper 2(Education) and Essay paper

2- The flow of funds in India (The Hindu)

At its heart, capitalism is a financial system. Every entity in the economy, whether an individual, a household, a business, or a state institution faces monetary constraints in its operations and must constantly balance the exigencies of cash inflows and cash outflows. Thus, money flows, including the accumulation of debt and the acquisition of financial assets, are the very lifeblood of the system.

Link it with GS Paper 3 (Economy- Forex)

3- Can banks create their own money? (The Hindu)

Banks are commonly viewed as financial institutions that accept deposits from savers and lend them out as loans to borrowers. It is believed that by offering loans at a higher interest rate than what they need to pay depositors, banks make some profit for their shareholders.

4- SEBI targets participatory note norms (The Hindu)

SEBI plans to further tighten norms for issuance of offshore derivative instruments (ODIs) and participatory notes (PNs) as part of its overall effort to reduce the exposure investors take via such instruments in the Indian equity market.

What is Participatory Notes?
P-Notes or Participatory Notes are Overseas Derivative Instruments that have Indian stocks as their underlying assets. They allow foreign investors to buy stocks listed on Indian exchanges without being registered. The instrument gained popularity as FIIs, to avoid the formalities of registering and to remain anonymous, started betting on stocks through this route.

What are govt & regulator’s concerns? The primary reason why P-Notes are worrying is because of the anonymous nature of the instrument as these investors could be beyond the reach of Indian regulators. Further, there is a view that it is being used in money laundering with wealthy Indians, like the promoters of companies, using it to bring back unaccounted funds and to manipulate their stock prices.

5- Ignore the jobs doomsayers (Indian Express)

Only 0.7 per cent and 11 per cent of India’s labour force work in information technology (IT) and manufacturing and yet, many pundits predict that India’s IT and manufacturing employment has peaked — let’s call it the jobs doomsday prediction — because of automation, robots, the immigration backlash and anti-globalisation driven-trade barriers.

Link it with GS Paper 3 (Employment)

6- Raja Mandala: European liaisons (Indian Express)

Prime Minister Narendra Modi’s travels this week to Russia, France, Germany and Spain provide an opportunity to recalibrate India’s approach to European geopolitics.

Link it with GS Paper 2 (Indo-Europe relationship)

7- The Aadhaar legal framework is broken (Livemint)

The regulations are weak on grievance redressal and completely absent in the case of authentication and data security.

Link it with GS Paper 3 (Security)

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