Must Read News Articles – April 5th, 2019

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GS 2

UAE’s top honour for Modi

UAE President Khalifa bin Zayed Al Nahyan has awarded Prime Minister Narendra Modi the country’s highest civilian award, ‘the Order of Zayed’, its crown prince Mohammad Bin Zayed Al Nahyan announced on April 4, a decision that has given rise to speculation PM Modi could travel to the gulf emirate soon.

In SC, govt. defends electoral bonds

Electoral bonds have been introduced to promote transparency in funding and donation received by political parties, the government told the Supreme Court on Thursday.

Judiciary can’t be destroyed in the name of transparency: CJI

Good people opt out of becoming judges for fear that negative things, right or wrong, about them will come out into the public domain, Chief Justice of India (CJI) Ranjan Gogoi observed on Thursday.

Making democracy meaningful

Freedom must be foregrounded, and each person enabled to contribute her best to it

Protecting freedoms

As India goes to polls, candidates of all political affiliations should make a commitment to ensure accountability in public service, to protect religious minorities and other marginalised communities, and defend the rights of those most vulnerable. They should also uphold freedoms of expression, association and assembly, and recognise that by welcoming criticism and dissent they can make better informed decisions.

GS 3

RBI cuts benchmark interest rate again, lowers GDP forecast to 7.2%

The monetary policy committee of the Reserve Bank of India (RBI) for the second consecutive time cut the benchmark lending rate by 25 basis points to 6% on Thursday. It cited concerns over growth as it lowered the GDP forecast to 7.2% for the current financial year from 7.4% projected in the February policy.

No surprises

RBI’s reduction in benchmark rates is an acknowledgement of a slowdown in growth

Outer clarity

India must take up more forcefully the case against weaponisation of outer space

Jobs or doles: which is the way forward?

With the Congress promising through the Nyuntam Aay Yojana (NYAY) scheme ₹6,000 every month to the poorest 20% of households if voted to power, Mahendra Dev and Pronab Sen talk of the importance and problems of direct cash transfers.

‘Linking small loans to external benchmark after further talks’

The proposal to link small floating rate loans with an external benchmark for improving monetary transmission seems to have taken a back seat, with the Reserve Bank of India (RBI) deciding to hold further consultation with stakeholders before implementing such a scheme.

Stressed assets circular to be revised soon

With the Supreme Court quashing the February 12 circular of the Reserve Bank of India (RBI) on stressed asset resolution, its governor Shaktikanta Das said on Thursday that the the central bank would come up with revised norms.

‘Banks have cut MCLR by 10 bps, but more needs to be done’

RBI Governor Shaktikanta Das explains the rationale behind 25 bps (basis points) rate cut and responds to a host of questions during the post monetary policy media interaction

 

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