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Webinar Handout: Weekly Current Affairs
Webinar Handout: Weekly Current Affairs
Webinar Handout: Weekly Current Affairs
Context:
As per the provisional National Income estimates released by the National Statistical Office
(NSO) recently, India's Gross Domestic Product (GDP) contracted by 7.3% in 2020-21.
This is the bleakest performance on record for the Indian economy.
In comparison, the GDP growth was 4% in 2019-20 (prior to the COVID-19 pandemic).
Image: GDP growth rate of India since independence - FY 21 has seen the sharpest decline to date.
Source: The Hindu
This marked the second quarter of positive growth after the country entered a technical recession
in the first half of the year.
Note: GVA
As per the United Nations System of National Accounts (SNA) of 2008, Gross value added
(GVA) is defined as the value of output minus the value of intermediate consumption.
It is used to measure the output or contribution of a particular individual producer, industry or
sector.
Simply put, it gives the rupee value of goods and services produced in the economy after
deducting the cost of inputs and raw materials used.
GVA is the main entry on the income side of the nation’s accounting balance sheet, and from the
perspective of economics, represents the supply side.
In the wake of a comprehensive review of its approach to GDP measurement in 2015, the base
year (for GVA measurement) was shifted to 2011-12 in the new series from the earlier 2004-05
and GVA measurement also was moved from factor price to basic price.
Way Ahead
Vaccination: Vaccination is important for the health of the people as well as the health of the
economy.
Lifting of the lockdowns: The second wave seems to have peaked on May 8 and is on the decline,
so it is anticipated that lockdowns will reduce and eventually be removed (Eg. Chhattisgarh and
Rajasthan have already started the unlock process), which will help the return of economic
activity.
Conclusion:
Recovery hopes will hinge on the period for which localised restrictions will persist in the coming
days/months and whether an accelerated pace of vaccine rollout can prevent a third COVID
surge.
2. Model Tenancy Law
Context:
Recently, the Union Cabinet approved the Model Tenancy Act (MTA) to streamline the process of
renting a property in India and aid the rental economy in the real estate sector.
Since it is a state subject, states can adopt the Act as it is with fresh legislation or they can amend
their existing rent acts to factor in the new MTA.
Conclusion
If implemented in letter and spirit, the Act will encourage the private sector to develop housing
projects for rent purposes and also bring a huge stock of vacant flats in the rental market. This will
help in achieving the government’s vision of “Affordable Housing for All”.
3. Lakshadweep Development Authority Regulation, 2021 (LDAR)
Context:
Praful Khoda Patel, a former Gujarat Minister and the new Administrator of Lakshadweep, has
recently introduced a slew of draft legislation that will have a wide-ranging impact on the
Lakshadweep islands.
One of them is the draft Lakshadweep Development Authority Regulation 2021.
It has been proposed to provide for the development of towns in Lakshadweep on the lines of
Maldives.
The Regulations are to be enacted by exercising powers conferred by Article 240 of the
Constitution which provides the President, the power to make regulations for the peace, progress,
and good governance of certain Union Territories including Lakshadweep.
Conclusion
Rather than the heavy-handed and top-down approach that refuses to engage with local concerns and
needs, the administration should embrace participatory development to reduce the anomaly between
its vision and the needs of the residents.
4. H10N3 bird flu strain
Context
Recently, a 41-year-old man in China’s eastern province has been confirmed as the first human
case of infection with a rare strain of bird flu known as H10N3.
Only a small subset of avian flu viruses can cross the critical barrier between birds and humans.
Is it a cause of worry?
Hospitalisation has caused a mild concern: Many flu viruses only cause mild disease in humans.
H10N3 is getting a little more attention than the typical bird flu because it caused a patient to be
hospitalized.
Risk of mutation:
o Flu viruses can mutate rapidly and mix with other strains circulating on farms or among
migratory birds, known as “reassortment,” meaning they could make genetic changes that
pose a transmission threat to humans.
o Avian influenza viruses that have little impact on birds can be much more serious in people,
such as the H7N9 strain that killed almost 300 people in China during the winter of 2016-
2017.
o The worst-case scenario of flu that jumped from animals/birds to humans is H1N1 or the
swine flu.
But, experts claim that the current variant - H10N3 is not a serious threat as it is a low pathogenic
or relatively less severe strain of virus.
Context
Recently, NITI Aayog has released the third edition of the Sustainable Development Goal (SDG)
India Index 2020-21 report titled, SDG India Index and Dashboard 2020–21: Partnerships in the Decade
of Action.
Thus, the edition of the index report focuses on the significance of partnerships as its theme.
To this end, the SDG India index was first launched in December 2018 as the primary tool for
monitoring progress on the Sustainable Development Goals in India.
It evaluates the progress of states and Union Territories (UTs) on various parameters including
health, education, gender, economic growth, institutions, climate change and environment.
From covering 13 Goals with 62 indicators in its first edition in 2018, the third edition now covers
16 Goals on 115 quantitative indicators, with a qualitative assessment on Goal 17.
Image: Comparison of the versions of SDG India Index report.
Source: pib.gov.in
The SDG India Index computes goal-wise scores on the 16 SDGs for each State and Union
Territory and overall State and UT scores are generated from goal-wise scores to measure the
aggregate performance of the state/UT based on its performance across the 16 SDGs.
The scores in the SDG India Index range between 0–100 - the higher the score of a State/UT, the
greater the target achieved.
The States and UTs are classified into four categories based on their SDG India Index score:
o Aspirant: 0–49
o Performer: 50–64
o Front-runner: 65–99
o Achiever: 100
Findings of the report
India’s Performance:
India’s overall SDG score improved by 6 points - from 60 in 2019 to 66 in 2020-21.
This positive stride towards achieving the targets is largely driven by exemplary country-wide
performance in Goal 6 (Clean Water and Sanitation) and Goal 7(Affordable and Clean Energy),
where the composite Goal scores are 83 and 92, respectively.
Best performers
Kerala retained its rank as the top performer with a score of 75.
Himachal Pradesh and Tamil Nadu both took the second spot with a score of 74.
Chandigarh maintained its top spot among the UTs with a score of 79, followed by Delhi (68).
Worst Performers
Bihar, Jharkhand and Assam were the worst-performing states in this year’s index.
Thus, currently, there are no states in the aspirant and achiever category.
15 states/UTs are in the performer category and 22 states/UTs in the front runner category.
Way forward
The SDG India Index is now live on an online dashboard, which has cross-sectoral relevance
across civil society, policy, business, and academia. The various stakeholders should now utilize
this data for formulating better programmes.
As another milestone in the SDG localisation journey of the country, the Index is presently being
adapted and developed by NITI Aayog at the granular level of districts for the upcoming North
Eastern Region District SDG Index. This should be expedited across all districts as soon as
possible as it will help in targeted microplanning.
6. Objective Questions
1. Gross Domestic Product (GDP) at market 2. With reference to the Model Tenancy Act,
prices is obtained by adding which of the consider the following statements:
following to Gross Value Added (GVA) at 1. The security deposit to be paid by the
factor cost? tenant should not exceed three
(a) Product taxes - Product subsidies + months’ rent for a residential
Production taxes - Production property.
subsidies 2. No property manager can withhold
(b) Production subsidies - Production any essential supply to the premises
taxes - Product taxes + Product occupied by the tenant in the event of
subsidies a dispute.
(c) Product taxes - Product subsidies only Which of the above statements is/are
(d) Production taxes - production correct?
subsidies only (a) 1 only
(b) 2 only
Answer: (a) (c) Both 1 and 2
(d) Neither 1 nor 2
Explanation:
Answer: (b)
GDP at market prices = GVA at basic
prices + Product taxes - Product subsidies. Explanation:
And GVA at basic prices = GVA at factor
cost + Production taxes - Production Statement 1 is incorrect: The security
subsidies. deposit to be paid by the tenant should
not exceed two months’ rent for a
residential property.
1. Distinguish Gross Domestic Product from Gross Value Added. Also, explain the challenges faced,
especially due to the COVID-19 pandemic, in estimating the National Income in India.
(150 words, 10 marks)
2. Explain the salient features of the Model Tenancy Act. Also, explain how it will benefit various
stakeholders?
(250 words, 15 marks)
3. Critically analyse the provisions of the draft Lakshadweep Development Authority Regulation,
2021.
(250 words, 15 marks)
4. What is avian influenza? Explain its mode of transmission to humans along with its
pathogenicity, symptoms and treatment.
(150 words, 10 marks)
5. What are Sustainable Development Goals? Analyse the current progress of India in achieving the
various goals under it.
(250 words, 15 marks)
Congratulations to our toppers
04 Ranks in
Top 10 09 Ranks in
Top 20 13 Ranks in
Top 50 22 Ranks in
Top 100
2019
165 out of
2018 829 vacancies
183 out of
2017 812 vacancies
2016 236 out of
1058 vacancies
2015 215 out of
1209 vacancies
162 out of
2014 1164 vacancies
2013 82 out of
1364 vacancies
62 out of
1228 vacancies
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