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Important News Compilation (Hindu-24!06!22)
Important News Compilation (Hindu-24!06!22)
24-JUNE-2022
The Hindu News Analysis – 24th June 2022 – Shankar IAS Academy
S. Page Number*
News Articles
No. C B D H T
1
24-06-2022
Pg: 6 – c;
2
24-06-2022
Way forward
Positive side
• Case Study 2
• Calls to women panchayat union chairpersons
or district panchayat presidents are K. Nagarani - heads the Kinathukadavu
3
24-06-2022
4
24-06-2022
• Aim - promoting open networks for exchange • Establishes an open and interoperable digital
of goods and services over digital or e- commerce network.
networks.
All buyers and sellers - digitally visible and
transact through the open network,
regardless of platform or application.
5
24-06-2022
grocery, food order and delivery, hotel suppliers, derives efficiencies in logistics and
• Will be compliant with the Information Disconnect between the scale of online
• Benefits:
Government-backed platform.
6
24-06-2022
• Expected reach:
• Issues:
7
24-06-2022
Pg: 6 – c;
Geographic Indication
8
24-06-2022
• Used for
Agricultural products
Foodstuffs
Handicrafts
Industrial products
Foundation
• Enables to prevent its use by a third party Convention for the Protection of Industrial
• Does not enable the holder to prevent Intellectual Property Rights Agreement
9
24-06-2022
Practice Question
Q. Consider the following statements
regarding geographic indications
1. Geographic Indications can be
provided only to agricultural and food
products.
2. GI tag is awarded by the Secretary of
the Ministry of Commerce & Industry.
Which of the above statements is/are
incorrect?
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2
Pg: 16 – C, B, D;
Pg: 14 – H, T;
10
24-06-2022
Budget deficit
• 2023 fiscal deficit target – 6.4%
• When a government spends more than it
• 2021 fiscal deficit – 6.7%
collects in revenues
• Increased spending to provide relief
• Government borrowing to bridge gap –
from inflation – lead to missing of the
fiscal deficit
target
Effects of maintaining fiscal discipline
• Reason for spending
• Helps maintain sovereign credit rating
Fuel tax cut
• Limits the government’s power to check
Duty structure change
inflation and provide relief
Fertilisers subsidy
Practice Question
Q. Consider the following statements
regarding Deficits
Consequences of fiscal slippage
1. Fiscal deficit is defined as the excess
• Affects sovereign credit ratings of total expenditures over the total
receipts including the borrowings.
• Debt to GDP ratio – 95%
2. Primary deficit is the fiscal deficit for
• Constraints in providing additional the current year minus interest
relief payments on previous borrowings.
• Additional market borrowing Which of the above statements is/are
correct?
• Higher inflation
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2
11