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RBI Monetary Policy Updates 2021-Feb & Mrunal's Daily Current Affairs, UPSC Extra Attempt 4 Corona? Analytics Table

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Win Amazon Gift cards in Unacademy UPSC Combat MCQ Test Free Registration: https://unacademy.com/combat/a/KSCGY (🔖Unlock Code: 'Mrunal.org') Time Codes 00:00 - Introduction 02:08 - Repo Rate 05:52 - MSF 08:00 - Reverse Repo 09:35 - TLTRO 12:06 - CRR 15:09 - SLR 17:06 - G-Sec Retail Participation 20:15 - Integrated Ombudsman 22:13 - RBI NOT IMP Rules 25:20 - UPSC Combat Quiz 26:40 - Pfizer EUA Rejected 29:25 - Columns 30:18 - Passport Eligibility 33:02 - UPSC Attempt Limit 36:16 - Attitude towards Women ⏩ Polity⚖️ → Passport Act, 1967: Indian government can deny passport if [*] Person not a citizen of India [*] If Indian citizen likely to harm India's foreign relation if he goes abroad / Not in Public Interest [*] Convicted of an offence [*] Pending warrants or summons. → "Can give extra chance to UPSC civil service aspirants If Corona-2020 was their last attempt & NOT crossing age limit in 2021", Union tells SC. Next hearing 8th Feb. ⏩ Science🧪 → Indian authorities deny emergency use approval to Pfizer vaccine. India clinical trial rules 2019 - Foreign companies can seek waiver on local testing if they have got approval in a country (e.g UK) recognised by India's CDSCO-Central Drugs Standard Control Organisation (CDSCO). Although CDSCO's Subject Expert Committee (SEC) recommended Drug Controller General of India (DCGI) not to give permission to Pfizer because Serious adverse events such as 1) Bell's Palsy - Temporary paralysis of facial muscles. 2) Anaphylaxis - Allergic reaction to body → Square Kilometre Array Observatory (SKAO) project: world’s largest radio telescope. It is not a single telescope butan array of antennas set up in South Africa and Australia. HQ: UK. can detect even very weak extra-terrestrial signals. India will provide funding and some hardware. ⏩ Economy💳 → Tamilnadu Govt -Farmer loan waiver ✅Pro: Farmer faced problems by Covid-19, cyclones Nivar and Burevi, and unseasonal rains. ✋Anti: Economic Survey found - loan waivers make the farmer undisciplined - they deliberately stop paying installments before elections with the hope of getting waivers. Lonely was not found to help agriculture production. → RBI monetary policy update - covered in video lecture & Excel File → BEFORE: Retail investors Indirectly invested in G-sec via Mutual funds, stock exchanges. AFTER: Retail Investors can directly Open "Gilt Securities Accounts (Retail Direct" with RBI. 🤩[1) Deepening of the g-sec market [2) New investment opportunities → Repo rate / policy rate / RBI benchmark rate @4% (unchanged). 1) Food inflation normalizing, but fuel inflation is a concern. so can't ⏬ 2) GDP growth yet to fully revive so cant⏫ [else Expensive loans= =⏬demand →⏬GDP growth]. Stance: accommodative = next meeting RBI may kept Repo unchanged or ⏬ it. Consequently, the reverse repo unchanged at 3.35 %, marginal standing facility (MSF) rate and the Bank Rate at 4.25% → CRR: CORONA →CRR 4% to 3% (2020-March till 2021-March). now moving towards economic recovery, enough loanable funds available so, Restoration/⏫ of CRR in two phases: 3.5% (2021: March2May ) →4% (2021-May) → Before: RBI appointed 3 types of ombudsman for consumer complaints: (i) Banking Ombudsman Scheme (ii) NBFC Ombudsman (iii) Digital Transaction Ombudsman. → After: Merge 3 into a One Nation One Ombudsman / Integrated Ombudsman Scheme FROM 2021-June ⏩ Environment🌿 → NHAI had submitted to Karnataka HC, "Environment protection Act was passed due to foreign pressure. NGO file flimsy complaints because they're foreign agents.", Although later sought to withdraw the comment. HC tells NHAI to donate ₹₹ to an environment NGO as punishment. ⏩ IR/Defense🔫 → 4G mobile internet connectivity restored in Jammu Kashmir after 18 months. → General K S Thimayya (Army chief 1957-61)'s museum in Karnataka's Kodagu district. ⏩ Ethics GSM4☯️ → Attitude toward women: Tokyo Olympic organising Committee - only 5 women out of 24 members. chief Yoshiro Mori's sexist comment "Women have a strong sense of rivalry. If one raises her hand to speak, all the others feel the need to speak, too. Everyone ends up saying something. So, if we ⏫ number of women in Sports Committees, we will not be able to finish meetings in time." His sexist comment Criticized in social media. ⏩ PIN-GK🏋️ → Britain tennis player Francesca Jones - Competing in Australian Open. She has 8 fingers and 7 toes due to ectrodactyly ectodermal dysplasia syndrome – which affects the development of hands and feet. 🟧🟨🟧FAQs: 📥 Download Topicwise CA-Excel from https://mrunal.org/current 🎧View Full Playlist: https://www.youtube.com/playlist?list=PLAMBum9_RkuO2A9NqoQ_yzdrygqK0JG6n 🗯🙋‍♀️Q) What is this video-series? I'm simply "commenting" what was relevant from current news items for competitive exams in India such as UPSC,IAS/IPS,CDS,CAPF,IES,SSC,IBPS,RBI,SEBI,StatePCS etc from today's Indian Express (IE). You still have to read the paper to actually "learn" it.😅

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