GS Paper 3

/GS Paper 3

RBI Cryptocurrency

2018-04-22T19:56:48+00:00

The Reserve Bank of India (RBI), like many of its global peers, has decided to look into the possibility of issuing a central bank digital currency (CBDC). Such initiatives are in response to the recent popularity of cryptocurrencies and the mind space this phenomenon has acquired. What is currency? Currency is a subset of a broader economic concept of money. Currency is the “token” which facilitates movement of money, shifting its purchasing power from the current holder to its future holder. Currency facilitates the exchange feature of money, that is, payment. What is a digital currency? Currency, driven by technology, has [...]

RBI Cryptocurrency 2018-04-22T19:56:48+00:00

Digitizing Land Records using Blockchain Technology – Livemint Summary

2018-04-22T19:54:07+00:00

It has been more than a decade since the ambitious project to digitise land records across the country, called Digital India Land Records Modernisation Programme or DILRMP, was launched.  It has failed to keep the required pace. We can push it in mission mode using blockchain technology. Why digitisation of land records is required? The existing legal framework, based on the system of “presumptive ownership”, lends itself to litigation as land and property undergo several mutations over generations that are not always captured on public records. Moreover, data related to a specific parcel of land is stored in silo’ed government departments, [...]

Digitizing Land Records using Blockchain Technology – Livemint Summary 2018-04-22T19:54:07+00:00

Defence Planning Committee – IDSA Summary

2018-04-22T19:46:42+00:00

In a significant defence policy reform notified on April 18, 2018, the government has revamped the existing defence planning system by establishing a Defence Planning Committee (DPC) under the chairmanship of the National Security Adviser (NSA). Details - This new institutional mechanism, set up as a permanent body, is intended to “facilitate a comprehensive and integrated planning for defence matters”. The new measure, arguably the boldest defence reform in decades, is likely to have a far reaching consequence on the way defence planning is undertaken and on defence preparedness. Composition of DPC - The Committee has a cross-section of members drawn [...]

Defence Planning Committee – IDSA Summary 2018-04-22T19:46:42+00:00

First Indo-Nordic Summit – VIF India Summary

2018-04-22T19:40:51+00:00

En route to UK for the Commonwealth Heads of Government Meeting (CHOGM) Summit, Prime Minister Narendra Modi will be visiting Sweden on April 16 & 17. First Indo-Nordic Summit - It will be a bilateral visit, with multilateral engagements, for the first Indo-Nordic Summit at Stockholm at the invitation of PM Stefan Lofven. Leaders from Denmark, Finland, Iceland and Norway along with their Swedish host will interact with PM Modi for an in-depth exchange in the field of clean technologies, environmental solutions, port modernisation, ship building, food processing, health, agriculture, infrastructure, skill development and innovations. Background - Indo-Swedish ties - Diplomatic [...]

First Indo-Nordic Summit – VIF India Summary 2018-04-22T19:40:51+00:00

National Counter Terrorism Centre

2018-04-22T19:49:34+00:00

In a recent report to the Rajya Sabha, the Parliamentary Standing Committee on Home Affairs has recommended that the government should immediately revive the idea of a National Counter Terrorism Centre (NCTC) as a unified counter terrorism agency. Background - The demand to tighten internal security architecture emerged after 2008 Mumbai terror attacks. It prominently included the creation of the National Investigation Agency (NIA), the National Intelligence Grid (Natgrid) as well as the revamp of National Security Guard (NSG). There was an ambitious plan to create a single overarching body for counter terrorism purposes by combining two distinct intelligence systems—predictive intelligence [...]

National Counter Terrorism Centre 2018-04-22T19:49:34+00:00

Cambodia-China Relations | IAS Coaching in Chandigarh

2018-04-04T01:42:39+00:00

The forcible dissolution of Cambodia’s opposition party Cambodia National Rescue Party (CNRP), the seizure of its headquarters and the crackdown on reporters has resulted in condemnation from the West. What is the issue? The Cambodian senate elections that were conducted later resulted in a landslide victory for Hun Sen, the reigning leader for 33 years with 11292 votes out of 11670. To oppose the crackdown, the US administration under Trump announced aid cuts of $8.3 million to the Cambodian Government, though aid to areas of health, education, agriculture and civil society continue unabated. With the EU also threatening to introduce sanctions, [...]

Cambodia-China Relations | IAS Coaching in Chandigarh 2018-04-04T01:42:39+00:00

International Solar Alliance- IDSA Summary

2018-04-02T12:15:19+00:00

On 11 March 2018, India, along with France, hosted the members of the International Solar Alliance (ISA), marking an important milestone in its efforts to take the alliance, which was Prime Minister Narendra Modi’s brainchild, and supported ably by France, forward. Details - The key idea of the ISA is to “harmonise and aggregate demand for solar finance, solar technologies, innovation, research and development, and capacity building”. The ISA aims to mobilise $1 trillion low-cost financing for massive deployment of solar energy by 2030 and bring together 121 countries that lie between the Tropics of Cancer and Capricorn that receive plenty [...]

International Solar Alliance- IDSA Summary 2018-04-02T12:15:19+00:00

Indo French Relations : March 2018 Update

2018-04-02T12:14:42+00:00

With French President Emmanuel Macron’s recent visit to India, the India-France Strategic Partnership launched in 1998 seems finally to have come of age. Background of Indo-French cooperation - Defence cooperation with France began in the 1950s when India acquired the Ouragan aircraft and continued with the Mystères, Jaguar (Anglo-French), Mirage 2000, Alizè planes and the Alouette helicopter. Joint naval exercises, later christened VARUNA, date back to 1983. Cooperation in the space sector has continued since the 1960s when France helped India set up the Sriharikota launch site, followed by liquid engine development and hosting of payloads. After the Cold War, France [...]

Indo French Relations : March 2018 Update 2018-04-02T12:14:42+00:00

Will AI Kill Jobs?

2018-03-13T17:54:43+00:00

In recent times, the central trade unions are working together to find solutions to mitigate job losses due to technological changes — a recent joint national strike by trade unions being a case in point. Job insecurity has fuelled the formation of unions in the IT/ITes sector which has so far remained untouched by unionisation. Factual argument in favour of technology - It is not difficult to see how India is well positioned to benefit from job creation on the back of greater technological penetration. This premise is primarily driven by the following aspects - A recent study by Mercer Consulting [...]

Will AI Kill Jobs? 2018-03-13T17:54:43+00:00

An Indo-French maritime partnership | ORF Summary

2018-03-11T13:40:34+00:00

French President Emmanuel Macron is on a visit to India. On top of the agenda for discussions, reportedly, is maritime security. In a series of preparatory visits, French officials have underlined the need for a deeper nautical partnership with India. Background - During a visit to New Delhi in October 2017, defence minister Florence Parly stressed “strategic cooperation in defence”, particularly maritime cooperation in South and South-East Asia. Earlier this year, foreign minister Jean-Yves Le Drian came calling, highlighting the need for stronger security measures in the Indian Ocean Region (IOR). India-France security relationship - For many in the Indian establishment, [...]

An Indo-French maritime partnership | ORF Summary 2018-03-11T13:40:34+00:00

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