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Magazine by VANIK Is Being Printed at : Bhagabati Press Remodeled As Per the Changing Requirement of Different Exams nd MONTHLY ISSUE JULY - 2019 52 EDITION Vanik’s Current Affairs Banking | Railway | Insurance | SSC | UPSC | OPSC | PSU 200 MCQs on Current Affairs 100 MCQs on General Knowledge 40 MCQs on Computer 20 MCQs on Banking Awareness 4 no. of Practice Set 1. SBI-PO (Prelim) 2. SBI-Clerk (Prelim) BUMPY ROAD AHEAD 3. RRB-NTPC (CBT-1) Modi Govt. 2.0 & Its Challenges 4. SSC-CHSL Message from Director Vanik Publications EDITOR Mr. Pramod Padhi ASSOCIATE EDITOR Jyoti Prakash Routray Satabdi Sagar Mohanty Tapas Ranjan Behera Prafulla Kumar Dwibedi Dear Students, ADVISORS VANIK Institute in its short time span has established itself as G. Khatua & the number one in state in terms of result which is the most tangible Team R & D manifestation about the credibility of any institution. During the last PUBLISHING MANAGER year 728 students from VANIK including 26 in OCS are successfully in Smrutiranjan Chhatoi different competitive examinations. DESIGNING & LAYOUT Apart from providing the best state of the art physical Vijaya Maharana infrastructure, best pool of experienced faculties, exam oriented tests Publisher : Subrat Kumar Chhatoi and discussion we have developed the most updated study material. Printed and Published by : Vanik Publication Monthly Current Affairs Magazine by VANIK is being Printed at : Bhagabati Press remodeled as per the changing requirement of different exams. Current Affairs being the vital part in every competitive examination our endeavour is to give you the most updated & exam oriented content. Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar Website : www.vanikpublications.com | Phone : (0674) 2559977 From your side we expect sincere commitment for your preparation to _____________________________________________________ © Copyright Reserved transform you to an achiever & being glory for VANIK. No part of this magazine can be printed in whole or part without the written permission of the publisher. The editor and publisher have tried their best to verify the factual accuracy of the informations published, but do not take any responsibility for the absolute accuracy of the informations in the Wishing you all the Best magazine. Subrat Kumar Chhatoi All disputes subject to Bhubaneswar (Odisha) Jurisdiction. CONTENT Page Major Issues of the Month Page 200 MCQ on Current Affairs Page Page 51 Economy Page 100 MCQ on & Banking 60 SSC/Railway Page Page National News 40 MCQ on 64 Computer Page Page Page Bilateral State News 20 Special MCQ 66 on Banking Awareness Page Award Page Person in & Honour News Page Place in Page Sports News Page Science & Technology Page Environment & Ecology Page Page Defence Summit Page Page Book & Committee Page Author Who’s Who Page 107 Miscellaneous Page Abbreviation Page Date & 113 Page Observation 115 MAGAZINE FOR THE MONTH OF JULY 2019 From ‘Ab ki baar Modi sarkar’ in 2014 to ‘Phir ek baar Modi sarkar’ five years later, Narendra Modi kept his Narendra word as he was sworn in prime minister on 30 may. The 68-year-old Bharatiya Janata Party leader, who took Modi 2.0 oath against the magnificent backdrop of the Rashtrapati Bhavan with thousands gathered in the forecourt and millions watching on their television screens, is only and its the third prime minister after Jawaharlal Nehru and Indira Gandhi to return for a second successive term challenges with a full majority. The focus shifts almost immediately from celebrations to the challenges faced by the man who powered his party to 303 seats in the Lok Sabha.He needs to fix problems in agriculture, job sector, economy, international relations and internal social disharmony. India’s economy big worry for Modi, needs stimulus India’s slowing economic growth is of serious concern and the country needs to urgently cut tax and interest rates to revive the economy. The economy grew 6.6% in the three months to December - the slowest pace in five quarters - and the Federation of Indian Chambers of Commerce & Industry (FICCI) said the bigger worry was that domestic consumption was not growing fast enough to offset a weakening global economic environment. The recent signs of slowdown in the economy stem not only from slow growth in investments and subdued exports but also from weakening growth in consumption demand. “This is a matter of serious concern and if not addressed urgently, the repercussions would be long term.” Key indicative sales — of cars, two-wheelers, and tractors — have been falling. Non-oil, non-gold, non- silver, and non-precious and semi-precious stones imports, another good indicator of consumer demand, have shrunk in the past four months. The public sector banks are in bad shape on the account of non-performing assets (NPAs) despite pumping in over Rs 2 trillion in the past two years. The NPA of public-sector banks stood at over Rs 8 trillion at the end of December 2018. Currently banks are lending almost till the last penny of deposits that they have with them. When Modi took power for the first time in 2014, global oil prices slumped. But as he gets set for a second term, rising oil prices could push the current account deficit higher. The body also said the trade war between the United States and China could further slow down global trade and hurt India’s already sluggish exports. Plot-1441, Opp. IOCL Petrol Pump, CRP Square, Bhubaneswar-751015 Page | 3 [ Ph. : 8093556677, 9040456677, Web : www.vanik.org, E-mail : [email protected] ] MAGAZINE FOR THE MONTH OF JULY 2019 The upcoming budget...is an opportunity for the government to boost consumption and investments through appropriate fiscal stimulus and policies. Agrarian crisis Agriculture, forestry and fishing — together clubbed under the head of agriculture — comprised 21 per cent of gross domestic product (GDP) in 2004-05. It has dropped to around 13 per cent in the past 15 years. But the number of workforce has not dropped accordingly in farms. Agriculture employs nearly 55 per cent of the workforce in the country. An estimated 26 crore people are working in the sector. This translates into dependence of about 55-57 per cent population on agriculture, which is in distress for far too long to ignore for Narendra Modi government. The immediate reason for farm distress is falling food prices. Despite Modi government’s implementation of new MSP regime, the farmers are not getting profitable remuneration from their agriculture. Going into the Lok Sabha polls, Modi government tried to lessen the burden on the farmers with PM Kisan, a scheme to provide cash support of Rs 6,000 a year equated over three instalments. The new government will have to address bigger issue in agriculture, that is, of shifting farm workers to other employment avenues. This leads to PM Modi’s another major challenge - unemployment. Unemployment Of 136 crore estimated population of India, 67 per cent is in 15-64 years bracket. This puts the job-seeking population over 91 crore. Not all of them would actually be looking for job but this figure itself is a challenge to any government. The promise of 2 crore jobs annually coupled with the slogan of “achhe din” (good days) had brought Narendra Modi I government to power in 2014. Twin-disruption caused by demonetisation and one-step rollout of the Goods and Services Tax (GST) - government called them course correction in economy - led to massive job loss instead. A Centre for Monitoring Indian Economy (CMIE) report, released in January this year, said around 1.1 crore jobs were lost in 2018 as side effects of 2016 demonetisation and 2017 GST rollout. Official figures for unemployment rate, leaked to a newspaper earlier this year, said the joblessness was at a 45-year high in 2017-18 — with an average unemployment rate of 6.1 per cent. This was considered as impact of note ban and haphazard rollout of GST.Reports suggest that weekly as well as monthly unemployment rate have been hovering around seven per cent for several months. According to an India Spend analysis, of 1.2 crore people entering job market every year, only 47.5 lakh join the labour force. The rest remain either unemployed or in disguised unemployment. The new Modi government urgently needs to give impetus to employment else the situation will explode any time during its tenure. The youths are sitting on an unemployment time bomb that is ticking fast. This brings us to the third major challenge to the Modi government. Reaching out to Muslims, minorities Following the stupendous electoral victory of the Modi government, reports suggest, there is an unease among a section of minorities, particularly Muslims. Certain incidents — shooting at a Muslim man in Bihar merely after asking for his name and thrashing of a couple in Madhya Pradesh on beef rumour — might have added to the prevailing sentiments. PM Modi, in his address, to the newly elected MPs of the ruling dispensation asserted that over the next five years, they have to ensure “sabka vishwas” (trust of all) besides “sabka saath, sabka vikas” (collective efforts, inclusive growth). Pakistan and terrorism PM Modi might have given a strong signal to Pakistan when its Prime Minister Imran Khan called him up to congratulate him over his win in the Lok Sabha election and expressed willingness to work towards peaceful bilateral relations. PM Modi is understood to have told Imran Khan that onus lies on Pakistan as talks and terror can’t go together. While leaders of other neigbouring countries have been invited to PM Modi’s oath-taking ceremony, Imran Khan does not feature in the list. This may be a snub in the aftermath of the Pulwama terror attack and aerial dogfight following air strike at a terror base in Pakistan’s Balakot. India’s relations with Pakistan is not a simple case of diplomacy.
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