25 February, 2020
9 Min Read
|GS-I||Vittala Temple at Hampi||Modern History|
|GS-II||Possibility of India-US trade deal||International Relations|
|Sedition cases in India : NCRB data|
|GS-III||RBI study on digital payments||Economic Issues|
Syllabus subtopic: Indian Culture - Salient aspects of Art Forms, Literature and Architecture from ancient to modern times.
Prelims and Mains focus: about the move and its significance; about Vittala temple; about Hampi world heritage site
News: The Archaeological Survey of India (ASI) is contemplating installing a wooden barricade around the stone chariot inside Vittala Temple complex at the UNESCO World Heritage site of Hampi.
Reason for the move
According to a few officials in the ASI wooden barricade has been thought of since a long time to protect it from vandalism given the behaviour of some of the tourists, who tend to be disrespectful towards the monuments.
About Vittala Temple
Syllabus subtopic: Bilateral, Regional and Global Groupings and Agreements involving India and/or affecting India’s interests.
Prelims and Mains focus: about Trump’s visit and its impact on India-US relations; the possibilities and the areas where bilateral trade could get a boost.
News: A trade deal during US President Donald Trump’s visit is unlikely. But a changing geopolitical landscape, coupled with closer ties with the US, makes a deal that benefits both nations inevitable.
What’s the state of Indo-US trade ties?
How will a deal impact bilateral trade?
How is an India-US deal different from the others?
A trade deal with the US could address issues related to tariffs and lead to India being viewed as an alternative for companies implementing a China+1 policy. This could result in sizeable investments in the manufacturing sector and deeper integration of India in global value chains. A deal would of course help expand Indian exports further.
Will it deepen India’s trade with the world?
So, why does a deal remain elusive?
The deal may be delayed due to limited consensus on its scope, combined with India’s reluctance to offer greater market access in areas such as communications technology, agriculture and medical devices. India’s agricultural sector remains a bottleneck for the signing of a trade deal with most developed nations, so a limited deal without addressing this issue is unlikely. But as the gains from a deal would be significant, it would be signed sooner rather than later.
Syllabus subtopic: Indian Constitution—Historical Underpinnings, Evolution, Features, Amendments, Significant Provisions and Basic Structure.
Prelims and Mains focus: about sedition law: cases related and NCRB data on it
News: The latest National Crime Records Bureau (NCRB) data suggest that sedition law remains as relevant as ever with sedition arrests increasing in recent years.
How is sedition defined under the law?
Sedition, which falls under Section 124A of the Indian Penal Code, is defined as any action that brings or attempts to bring hatred or contempt towards the government of India and has been illegal in India since 1870.
Cases of sedition
Less conviction and its reason
About Unlawful Activities (Prevention) Act (UAPA) and its comparison with Sedition law
A new category by NCRB
Attempts at revoking the sedition law
Syllabus subtopic: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment.
Prelims and Mains focus: about the RBI study and its key findings
News: A Reserve Bank of India (RBI) study on the progress of digitisation from cash to electronic was recently released.
Key findings of the study
Cash is still dominant
Overall, digital payments in the country have witnessed a compounded growth of 61 per cent and 19 per cent in terms of volume and value, respectively, over the past 5 years, demonstrating a steep shift towards digital payments. Within the digital payments, retail electronic payments comprising credit transfers (RTGS, NEFT, IMPS and UPI) and direct debits (ECS and NACH) showed rapid growth at 65 per cent and 42 per cent in terms of volume and value, respectively. Stored value cash issued in the form of wallets and prepaid cards showed an increased adoption, with a growth of 96 per cent and 78 per cent in terms of volume and value, respectively.
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