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CURRENT AFFAIRS (21.10.2014 TO 25.10.2014)

  1. National renewal fund, redux The Centre’s labour reforms push is laudable, but seems to have overlooked an important issue: the need to create a better safety net while removing fetters on the movement of labour and capital. Employees put out of work for no fault of theirs deserve better. The reasons for job losses are varied: a spike in taxes or input costs, an exchange rate or interest rate shock, political turbulence, mismanagement at the top, and a technology shift leading to a sudden disruption in demand patterns. The last is captured in the growth of e-retail, which […]

CURRENT AFFAIRS (17.10.2014 TO 20.10.2014)

1. Modi Muscle in Foreign Policy On assuming office as prime minister, there was much uncertainty as to what would be the style and substance of Narendra Modi’s foreign policy. While some wagered it would be blatantly chauvinistic, others felt it was likely to be marked by diffidence. In a little over four months in office, Modi has set at rest all speculation and provided clear indications of the nature of his foreign policy and how he would conduct it. In terms of style, Modi is his own man and will not let anyone including the external affairs ministry to […]

CURRENT AFFAIRS (16.10.2014)

  1. Time to Cement Indo-Lanka Ties After the successful culmination of the war fought over three decades with the LTTE, Sri Lanka today has started enjoying peace and normalcy. This is reflected in almost every aspect of individual and collective life throughout the country. The relationship of the central government with the provinces and various social groups is gradually becoming harmonious. Normalcy and peace are prerequisites for economic activity and development of any country. The comity of the last five years has helped the Sri Lankan government in achieving higher GDP growth, boosting industrial production, attracting foreign investment and […]

CURRENT AFFAIRS (15.10.2014)

  1. Hudhud shuts Vizag steel plant All major industrial units in Visakhapatnam have suffered extensive damage in Cyclone Hudhud on Sunday. The international airport is likely to resume commercial operations on a limited scale in a week.A public sector official said it was difficult to quantify loss as some more time was needed for assessing the extent of damage. Rashtriya Ispat Nigam Ltd., the corporate identity of the Visakhapatnam Steel Plant, hit hard by grid failure, has shut down operations. Chief Minister N. Chandrababu Naidu told Prime Minister Narendra Modi that the damage to the plant was estimated at Rs. […]

CURRENT AFFAIRS 14.10.2014

CURRENT AFFAIRS 14.10.2014 1. Most Indian women engaged in unpaid housework NSSO urged to use time-use surveys to ascertain homemakers’ economically productive activity Close to two out of every three Indian women are, in their prime working years, primarily engaged in unpaid housework, new NSSO data shows. This phenomenon, on the rise over the last decade, is least common in the southern and north-eastern States and most common in the northern States, Punjab, Haryana and Uttar Pradesh in particular. In data released on Sunday, the National Sample Survey Office’s 68th round, which covered one lakh households in every State and […]

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