15 Jul 2022: UPSC Exam Comprehensive News Analysis

Quote for the day Set 5 11

CNA 15 July 2022:- Download PDF Here

TABLE OF CONTENTS

A. GS 1 Related
B. GS 2 Related
HUMAN RESOURCES
1. The road to rolling out labour codes
POLITY
2. How to grease the wheels of justice
C. GS 3 Related
ENVIRONMENT
1. The debate around the Forest Conservation Rules
D. GS 4 Related
E. Editorials
SOCIAL JUSTICE
1. The great omission in the draft disability policy
ECONOMY
1. Is protectionism compatible with liberalisation?
F. Prelims Facts
1. I2U2
G. Tidbits
1. ‘Fiscal deficit reined in, CAD a concern’
2. Production of vegetables to go up: Centre
H. UPSC Prelims Practice Questions
I. UPSC Mains Practice Questions
FIP Magazine

Category: POLITY

1. How to grease the wheels of justice

Context:

The article talks about the need and the ways to address judicial pendency.

To read about the topic refer to the following article:

UPSC Exam Comprehensive News Analysis dated 29 Sep 2021: How to grease the wheels of justice

F. Prelims Facts

1. I2U2

Syllabus: GS-2; International Relations; Regional and global groupings and agreements involving India

Prelims: About I2U2 grouping

Context:

First-ever I2U2 Virtual Summit

I2U2 Grouping

  • I2U2 stands for India, Israel, the UAE, and the US.
  • It is referred to as the “West Asian Quad”.
  • The objectives of the grouping:
    • To discuss common areas of mutual interest
    • To strengthen the economic partnership in trade and investment in respective regions and beyond
  • The areas of cooperation include water, energy, transportation, space, health, and food security. 
  • Further, the countries will look to modernise infrastructure, explore low carbon development avenues for industries, improve public health, and promote the development of critical emerging and green technologies.

Know more about – I2U2

G. Tidbits

1. ‘Fiscal deficit reined in, CAD a concern’

  • The Finance Minister of India said that the country’s macro risks have decreased in recent weeks and the fiscal deficit has been checked. However, the Minister conceded that the increasing current account deficit (CAD) is a cause for concern.
    • A sharp surge in gold imports in addition to elevated global commodity prices is putting pressure on the CAD.
  • She further added that high inflation and a widening trade deficit are the two challenges for the economy at present.
    • The trade deficit widened to an all-time high of $26.2 billion as imports surged past $66 billion in June 2022.
  • However, the Minister emphasised that economic activity in the country remained resilient almost five months into the Russian-Ukraine conflict.
  • The Ministry said it is expected to cover the revenue losses through robust GST collections, an increase in customs duty receipts, and the imposition of the windfall tax on petroleum product exports.

2. Production of vegetables to go up: Centre

  • According to the second advance estimate of area and production of various horticultural crops released by the Union Agriculture Ministry, the total horticulture production in 2021-22 is expected to be 341.63 million tonnes (MT).
    • There is an increase of about 7.03 MT or 21% over the 2020-21 figure.
  • It is said that there could be an increase in the production of fruits, vegetables and honey. But the cultivation of spices, flowers, medicinal plants and plantation crops has decreased over previous years.

H. UPSC Prelims Practice Questions

Q1. With respect to Simla Agreement, which of the following statements is/are correct?
(Level – Medium)
  1. It was an agreement between Indira Gandhi and Zia-ul-Haq.
  2. It was signed in the year 1972.
  3. The agreement was signed in Ellerslie House at Shimla, Himachal Pradesh.

Options:

  1. 1 only
  2. 2 only
  3. 1 and 3 only
  4. 1, 2 and 3

Answer:

CHECK ANSWERS:-

Answer: b

Explanation:

  • Statement 1 is not correct, The Simla Agreement was signed by Prime Minister Indira Gandhi and President Zulfikar Ali Bhutto of Pakistan 
  • Statement 2 is correct, It was signed in the year 1972.
  • Statement 3 is not correct, The agreement was signed in Barnes Court (Raj Bhavan) at Shimla, Himachal Pradesh.
Q2. I2U2 recently seen in news is associated with  (Level – Easy)
  1. North Atlantic Treaty Organization (NATO)
  2. Organisation for Economic Co-operation and Development (OECD)
  3. Shanghai Cooperation Organization (SCO)
  4. West Asian Quad

Answer:

CHECK ANSWERS:-

Answer: d

Explanation:

  • I2U2 stands for India, Israel, the UAE, and the US.
  • It is referred to as the “West Asian Quad”.
Q3. Which of the following statements with respect to Fundamental Duties (FD) is/are correct?
  (Level – Difficult)
  1. The FD extends to all individuals residing in India.
  2. They are enforceable by law.

Options:

  1. 1 only
  2. 2 only
  3. Both
  4. None

Answer:

CHECK ANSWERS:-

Answer: b

Explanation:

  • Statement 1 is not correct, Fundamental duties extend to every citizen of India and not to foreigners residing in India.
  • Statement 2 is correct, The fundamental duties are enforceable by law.
Q4. Consider the following statements:  (Level – Difficult)
  1. The design of the Indian tricolour is largely attributed to Pingali Venkayya.
  2. The ratio of the width to the length of the flag is 3:2.
  3. The right to fly the National Flag by Indian citizens is a fundamental right.

Which of the statements given above is/are correct?

  1. 1 and 2 only
  2. 2 and 3 only
  3. 1 and 3 only
  4. 1, 2 and 3

Answer:

CHECK ANSWERS:-

Answer: d

Explanation:

  • Statement 1 is correct,  The design of the Indian tricolour is largely attributed to Pingali Venkayya.
  • Statement 2 is correct, The ratio of the length to the height (width) of the Flag shall be 3:2.
  • Statement 3 is correct, The Supreme Court of India in a judgment affirmed that the right to fly the national flag is protected by the Indian Constitution and in particular the fundamental right to freedom of expression.
Q5. Consider the following statements:  (Level – Difficult) PYQ (2022)
  1. In India, credit rating agencies are regulated by Reserve bank of India.
  2. The rating agency popularly known as ICRA is a public limited company.
  3. Brickwork Ratings is an Indian credit rating agency.

Which of the statements given above are correct?

  1. 1 and 2 only
  2. 2 and 3 only
  3. 1 and 3 only
  4. 1, 2 and 3

Answer:

CHECK ANSWERS:-

Answer: b

Explanation:

  • Statement 1 is not correct, In India, credit rating agencies are regulated by the Securities and Exchange Board of India (SEBI)  
  • Statement 2 is correct, ICRA is a Public Limited Company, with its shares listed on the Bombay Stock Exchange and the National Stock Exchange.
    • ICRA was set up in 1991 by leading investment institutions, commercial banks and financial services companies as an independent and professional investment Information and Credit Rating Agency.
  • Statement 3 is correct, Brickwork Ratings (BWR) is a SEBI-registered Indian Credit Rating Agency.

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