Thursday, December 10, 2020
Friday, December 04, 2020
Quote of the Day December 4, 2020
“Choose a job you love, and you will never have to work a day in your life.”
Confucius
“उस पेशे का चयन कीजिये जिसे आप पसंद करते हों, फिर आप पूरी ज़िन्दगी एक भी दिन नौकरी नहीं करेंगे।”
कन्फ्यूशियस
The Indian Economic & Social History Review: Table of Contents
Volume 57 Issue 4, October–December 2020
First Published November 8, 2020; pp. 443–460   |
 | First Published October 12, 2020; pp. 461–480 |
| First Published August 24, 2020; pp. 481–501 |
 | First Published September 14, 2020; pp. 503–534 |
| First Published September 27, 2020; pp. 535–566 |
| First Published September 1, 2020; pp. 567–581 |
| Dreams, songs and letters: Sectarian networks and musical archives in eighteenth-century North India |
Index to Volume LVII
| First Published November 8, 2020; pp. 605–606 |
New Zealand declares climate emergency
New Zealand has declared a “climate emergency” and promised to make its public sector carbon neutral by 2025. New Zealand now joins 32 other countries that have declared a climate emergency. They include Japan, Canada, France and the United Kingdom.
Prime Minister of New Zealand, Jacinda Ardern told legislators that the climate emergency declaration was “an acknowledgement of the next generation – an acknowledgement of the burden that they will carry if we do not get this right and do not take action now”.
SBI PO Recruitment 2020: Registration to fill 2000 vacancies ends today, here’s direct link to apply online
SBI PO Recruitment 2020: Interested and eligible candidates can apply for the SBI PO recruitment 2020 online at sbi.co.in. The last date for printing your application is December 19, 2020.
SBI PO Recruitment 2020: The online registration process for the recruitment of SBI Probationary Officer (PO) will close on Friday, December 4, 2020, on its official website.
Interested and eligible candidates can apply for the SBI PO recruitment 2020 online at sbi.co.in. The last date for printing your application is December 19, 2020.
The bank will hold the online preliminary examination on December 31, 2020, and January 2, 4, and 5, 2021. The results for which is scheduled to be declared in 3rd week of January 2021. Candidates who will qualify the prelims will be eligible to appear for the mains on January 29, 2021. The results for which is scheduled to be declared in 3rd/ 4th week of Februray 2021.
SBI is conducting the recruitment drive to fill 2000 vacancies of Probationary Officers, out of which, 810 vacancies are for general, 540 for OBC, 300 for SC, 200 for EWS, and 150 for ST category.
“Graduation in any discipline from a recognised University or any equivalent qualification recognised as such by the Central Government. Those who are in the Final Year/ Semester of their Graduation may also apply provisionally subject to the condition that, if called for interview, they will have to produce proof of having passed the graduation examination on or before 31.12.2020. Candidates having Integrated Dual Degree (IDD) certificate should ensure that the date of passing the IDD is on or before 31.12.2020. Candidates possessing qualification of Chartered Accountant may also apply,” reads the official notice.
Candidates belonging to the General/ EWS/ OBC category are required to pay an application fee of Rs 750, while the SC/ ST/PWD candidates are exempted from the payment of registration fee.
For more information, candidates are advised to read the official notification.
Source: Hindustan Times, 4/12/20
Why MSP is not a solution
A key debate after the enactment of three farm-reform laws and the subsequent protests is around the issue of federally-fixed minimum support prices (MSPs), a system guaranteeing farmers assured prices for their produce through procurement. MSP is an obligatory, not a statutory exercise. Farmers have demanded a legislation to prohibit sale of any farm produce below these minimum prices. If the government agrees to this, it is likely they will end their protests against the three new farm reforms.
But a law making MSPs the legal floor price defies economic logic. The government sets MSPs for 23 crops, but it is effective only in case of rice and wheat because it buys only these two commodities in sufficiently large quantities. MSPs are an assurance that the government will intervene if market rates fall below that threshold, thereby helping avoid distress sale. This policy was salutary when India faced acute food shortages. Farm policies to deal with surpluses will fundamentally have to be different from measures adopted to overcome a previous era of scarcity. A law barring purchases of the other 21 crops below MSPs by any private trader will also, immediately, fuel high inflation. Every one percentage point increase in MSPs leads to a 15-basis point increase in inflation. Higher MSPs could also upend the Reserve Bank of India’s inflation targets, hurting economic growth. An MSP mechanism that ignores demand and global prices creates market distort-ions. If it is not profitable for traders to buy at MSPs, then the private sector will exit the markets. In such a scenario, the government cannot be a monopoly buyer. Mandatory MSPs will render India’s agri- exports non-competitive because the government’s assured prices are way higher than both domestic and international market prices.
MSPs have also incentivised foodgrains over other crops, giving rise to imbalances of water and land resources and shifting land away from crops such as pulses and oilseeds, necessitating costly imports. Surplus cereals can’t be exported without a subsidy, which invites the World Trade Organization (WTO)’s objections. WTO rules cap government procurement for subsidised food programmes by developing countries at 10% of the total value of agricultural production based on 1986-88 prices in dollar terms. There is no argument that farmers need support, but policies that are less distortionary are in the interest of both farmers and consumers.
Source: Hindustan Times, 3/12/20
Thursday, December 03, 2020
Quote of the Day December 3, 2020
“A superior man is modest in his speech, but exceeds in his actions.”
Confucius
“एक श्रेष्ठ व्यक्ति कथनी में कम, लेकिन करनी में ज्यादा होता है।”
कन्फ्यूशियस
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