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IASbaba’s Daily Current Affairs – 20th July, 2016

 

NATIONAL

 

TOPIC: General Studies 1

 

Why caste matters less in urban India

Marriage outside caste has not found social approval traditionally.

Reason: Honour killings continue to be reported across the country.

However, young people of urban middle-class India are no longer limiting their search for partners within their own caste.

Ambiguous outcomes

Social outcomes are an unreliable indicator of social attitudes as they do not necessarily reflect people’s actual preferences.

For instance

In US, of all marriages, approx. 1% consists of black and white marriages. But, the social acceptance of these marriages has increased dramatically.

In India, a report suggests that interest in intercaste marriage is higher than the actual reported rate

Also

Motivations that drive intercaste marriage

To understand intercaste marriages, a study was conducted which focused on

Sample

1070 women were studied. They were given choice of three matrimonial matches who had

Findings

Thoughts behind it

The marriage market, like any other market, works on principle of exchange. To get something, one has to offer something too.

Women approached marriage with a view to upgrade either economic status or caste status.

Notable: Although an expression of matrimonial interest does not consequentially translate into marriage, yet considering the inter-caste match is transformative.

Discrimination persists

 

Future?

Marriage market

Obstacles

 

Role of State

Conclusion

Connecting the dots:

  1. Critically analyse if caste boundaries in urban areas are more blur than in rural areas.
  2. Integrating Dalits into Hindu society without upsetting the caste system is a far cry from Ambedkar’s call for annihilation of caste. Discuss. (HOT question)

 

Refer:

Babasaheb Ambedkar – 125th Birth Anniversary

Socio Economic and Caste Census (SECC) 2011 data

 

ECONOMICS

 

TOPIC:

General Studies 3

General Studies 2

 

India’s role in a changing global economy

Introduction:

Concerns: We have earlier read that –

Therefore, this article gives a solution for above concern – It advocates for an urgent requirement for a global policy agenda to address the rising structural weaknesses.

And the article also discusses that India must play a key role in helping to build and implement such a global agenda, as part of the process in sustaining its own growth.

Factors that affect Indian Economy:

Global structural weaknesses deserve to be looked at carefully. They arise from both supply-side factors and demand constraints, affecting global trade, a critical growth engine in recent decades:

  1. Low productivity: Productivity has clearly been falling in industrialised countries, and in emerging markets, leading to supply shortages.
  2. Spillover effects: China’s slowing growth has had significant spillover effects on other countries.
  3. Falling investments and innovations: There is rising consensus that the spillover effects led to falling investment returns, perhaps from slowing innovation that has reduced investment.

(Greater research and increased competition, especially in the service sector, would help raise investment and productivity.)

  1. Poor demand and rising inequalities: The imbalances slowing growth possibly also reflect an overall demand shortfall.

Why has demand slowed down?

Demand was likely boosted by debt in many advanced and emerging market countries, sequentially, and capital is now at the risk of moving out of emerging markets.

Additionally, many believe rising inequalities in advanced countries and key emerging markets have reduced the propensity to consume and produced what is called a “savings glut” in many countries—the counterpart of a demand-side constraint which feeds the fear of deflation.

  1. Global trade has stalled far below the long-term annual average trade growth of at least 5% until the start of the financial crisis, and even more, in emerging markets.

It is not just cyclical in nature: there is evidence that trade elasticity to income has fallen, especially in the United States and China. Of course, trade liberalisation has slowed significantly with the collapse of the Doha Development Round.

India is and will be affected by all these factors.

 

What India should do?

While each of above mentioned factors require concerted domestic policy reforms, India also needs to be fully engaged in the emerging G20-led international policy agenda being developed to deal with global structural weaknesses and raise public investment where fiscal space is available.

  1. Indian markets should remain attractive:
  1. India should reap the benefits out of WTO trade facilitation and reduced trade costs:
  1. India should increase its trade integration through more regional and bilateral trade agreements:

In any case, steps to raise India’s trade integration more quickly in the South Asia region would help catalyse new investment and competition.

  1. India must play a key role in helping to build and implement a global policy agenda

India’s increased role

 

Need of the hour: A transformed and strengthened IMF

Connecting the dots:

  1. Highlight the factors and global structural weaknesses that affect Indian Economy and examine why there is an urgent requirement for India to fully engage in the emerging G20-led international policy agenda to address the rising structural weaknesses.
  2. Highlight why there is an urgent requirement for a transformed and strengthened IMF in a changing global economy.

 

 

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