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(Q) 1.The ‘South Asian Enigma’, a term sometimes seen in the news, refers to the paradox of having recently experienced fast economic growth

a) Without translation into improved nutrition.

b) With concomitant increase in inequality.

c) With deterioration in human development indices.

d) a, b and c

👆Solution: a.

TNM: “Despite India’s fast economic growth and poverty reduction over the past few decades, food insecurity remains very high. This puzzle has been named the “South Asian enigma”. Some indicators of food insecurity, especially child undernourishment rates, are now worse in India than in Ethiopia. This is despite the fact that Ethiopia has only a quarter of India’s per capita income and has suffered many famines in the 20th century.”

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(Q) Consider the following statements about Agriculture Export Policy, 2018

1. The policy aims to double agricultural exports by 2022.

2. Establishment of Monitoring Framework at Centre with Department of Agriculture as the nodal Department.

3. Promote indigenous, organic, ethnic, traditional and non-traditional Agri products exports.

Which of the above statements is/are incorrect ?
a) 1, 2
b) 2 only
c) 1, 3
d) None

Solution: b

The Cabinet has approved the proposal for establishment of Monitoring Framework at Centre with Commerce as the nodal Department with representation from various line Ministries/Departments and Agencies and representatives of concerned State Governments, to oversee the implementation of Agriculture Export Policy.

(Q) Y M Deosthalee committee is associated with
a) Corporate Social Responsibility
b) Electoral Reforms
c) Digital Payments
d) Public Credit Registry


Solution: d The Reserve Bank of India (RBI) had formed a high-level task force on public credit registry (PCR) for India. The task force was chaired by Y M Deosthalee. The task force has suggested the registry should capture all loan information and borrowers be able to access their own history. Data is to be made available to stakeholders such as banks, on a need-to-know basis. Data privacy will be protected.

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United Bank, HDFC Life sign bancassurance deal: https://www.thehindubusinessline.com/money-and-banking/united-bank-hdfc-life-sign-bancassurance-deal/article26449173.ece

👆 Current Affairs for Commerce Optional

Reliance AIF to launch its first commodity-focused fund: https://www.thehindubusinessline.com/money-and-banking/reliance-aif-to-launch-its-first-commodity-focused-fund/article26438090.ece

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Banks see upsurge in rural credit growth: https://www.thehindubusinessline.com/money-and-banking/banks-see-upsurge-in-rural-credit-growth/article26432359.ece

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IBBI suggests ground rules for Resolution Professsionals, Committee of Creditors: https://www.thehindubusinessline.com/money-and-banking/corporate-insolvency-charter-of-responsibilities-for-irps-coc-unveiled/article26432294.ece

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🥇🏆Key Features of Integrated Guidance Program cum Test Series of Commerce Optional UPSC 2020 🏆🥇

We are happy to announce that Guidance program will be going to start from 27th March 2019.

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📌
1.✅The most reliable All India Integrated Guidance Program for UPSC Commerce optional, so that every Students of Civil Service Gurukul can know where he stands among the REST OF their COMPETITORS.
2.✅ Scheduling the tests in a phased manner (Subject wise and full syllabus tests). Test series will consist of 11 tests of UPSC Commerce and Accountancy optional.
3.✅Test Paper which are carefully created by our expert faculty to enhance and sharpen the aspirant’s' intellectual competence for actual exam. Test paper will be based on previous year pattern, Current affairs and UPSC guidelines.
4.✅Questions act as trigger for learning what is required for the Main Exam and benefit to get maximum marks in Main Exam.
5.✅ Exhaustive performance analysis and feedback based on the subject wise Strength and weakness analysis.
6.✅Interactive system conducive for expressing conceptual doubts, discussions and clarifications.
7.✅Test Paper will help you in handling exam pressure and managing time.
8.✅Civil Service Gurukulwill provide value added notes on important topics

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📚Approach for Integrated program of COMMERCE AND ACCOUNTANCY OPTIONAL-UPSC (IAS)📚📌
1.✏️ Civil Service Gurukul will suggest sources (Books & Notes) for Covering Topics mentioned in above test series as per UPSC Circular.
2.✏️ Civil Service Gurukul will provide Value added notes on important topic.
3.✏️ Civil Service Gurukul will evaluate answer sheet and provide Synopsis/approach/Model answer to develop answer writing skills of answering questions of UPSC civil service mains Examinations 2020.
4.✏️ All test paper consists of 250 Marks each paper.
5.✏️ Duration of test is 3 hours.

☎️For more details - Contact

CA Dhananjay
@civilservice_gurukul

or Call at
7678456921

📩 or mail at
civilservicegurukul@gmail.com

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👆topic of organization behavior.this is one of the part of notes of guidance program.
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NEWS Related with Credit rating firm


Credit rating firms came under sharp criticism from the Reserve Bank of India (RBI) for failing to identify financial troubles in various companies, especially in the case of IL&FS.

Concerns over rating agencies

Inability to assess credit risk and take timely rating actions.

Ratings are supposed to be forward-looking, but they are always a laggard.

The central bank is said to have told credit ratings officials that the abrupt ratings downgrades in recent months have hurt investors and banks.

Credit Rating agencies have been criticised for being late in identifying the stress in the IL&FS Group, which defaulted on its loans from banks, mutual funds and provident funds.

Various debt mutual fund schemes saw erosion in their net asset values, or NAVs, because of the defaults.

The crisis soon spread to other non-banking finance companies — mainly housing finance — which have been struggling to sort out their asset-liability mismatches.

RBI said one third of the total NPAs (non-performing assets) in the system stemmed from investment grade ratings.

Total stressed assets are about Rs 12 lakh crore in the banking system.

Conflict of Interest

Globally, rating agencies limit themselves to ratings and research related to credit ratings.

All other businesses like market research, training, risk solutions are carried out under separate entities with no common directors, employees and shareholding from the rating entity.

In India, the same rating agency rates and provides valuation opinions to the same set of securities to investors like mutual funds and provides advisory services.

The central bank governor disapproved of the practice of “rating shopping”— where companies migrate from one rating agency to another for better ratings.

RBI was also concerned about issues such as rating agency CEOs being part of rating committees and rating advisors who promise better ratings to an issuer due to their special relationship with rating agencies.

Conclusion

RBI is examining the matter and along with Sebi, it will bring out regulations to address this.

Though credit rating agencies are registered with the capital market regulator Sebi, they are jointly regulated by both Sebi and RBI as these firms rate bank loans which constitute 70% of their business.

On short-term instruments like commercial paper, RBI feels that the ratings do not reflect the pricing these papers command.

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