[Note:
DEAR STUDENTS FROM NOW ON WARDS I WILL BE
SENDING SOME BASIC CONCEPT WHICH YOU HAVE TO BE STRONG FOR YOUR
PRELIMS...........HAVE A TRACK OF OUR
rds blog for current affairs ]
ECONOMICS FOR THE
DAY
Monetary policy
1)What is monetary policy?
It is policy with regard to supply of money and credit
(loan) and determination of structure of economy. The central bank (RBI) is the
only authority to determine the monetary policy. RBI was set up in 1935 and was
nationalised in jan 1, 1949.
2)What is INDIAN FOREX RESERVE?
Indian forex reserve is reserve maintained by RBI in the
form of
a)
Foreign currency assets( hard currency asset)
ie...dollar,pound,euro,yen. Hard currency are those currency which is accepted
for any transaction at international level.
b)
Gold
c)
SDR- special drawing rights of IMF. Its is not a
physical unit of currency. It is a notional unit. Its only used through book
entry. Its is also called paper gold or reserve currency
BILATIRAL
INDIA AND JAPAN
Why the visit of
emperor of japan in news?
Japan is the world oldest continuous hereditary royalty and
no emperor has visited india and this is the first time japan emperor visits
india which will lead to a development of strategic tie between the two
democracy.
How do japan refer
india? Tenjiku or heavenly country
What are the economic
tie up between both the country?
Japan has been the largest source of aid and is playing a
key role in helping india to improve infrastructure.
a)
Delhi Mumbai corridor
b)
Bangalore metro projects
c)
Delhi Mumbai railway cooperation
d)
Bangalore Chennai express way
e)
Iit Hyderabad
(refer india year book chapter india and
world , industry)
Do india has a
historical relationship with Japan?
Yes India has a historical relationship with japan with the root to the introduction of Buddhism in
the 6th century. Todaji temple is the oldest temple in the city
capital where the largest Buddha statue has bben created. For opening the eyes
of the statue a priest from india was taken who conducted the ceremony before
the emperor.
Similarly the language of Japan has a similarity with the
Sanskrit language of india.
What is the difference in INDIA AND JAPAN?
India has a world largest youth population ,while japan is
ageing more rapidly than any other developed country.
India has a service led growth, Japan is a manufacturing
lead economy.
Challenges to japan?
Japan was experiencing a economic stagnation for a long span
, shrinking population , spiralling
public debt, deflationary environment, security dilama-constraint-from
us, post war constitution.
India and japan today?
The reason why both are together are because both are energy
poor country heavily dependent on unstable Persian Gulf region.
From 2006-“STRATEGIC AND GLOBAL PARTNERSHIP”
2011- “COMPREHENSIVE ECONOMIC PARTNERSHIP AGGREEMENT” and
also alliance for rare earth minerals to reduce dependence on China.
Japan has the 6th largest defence budget in the
world and Asias largest naval fleet.
Suggessions:
India is a importer of Arms so they have to go close tie
with japan to develop an indigenous Arms.
Difference between
strategic tie and economic tie?
Strategic tie: world stable economics like japan-us,
atlantic community are all based on security collaboration so they are stable.
Ecomonic tie: the economic tie are less stable and even
volatile like china economic relationship with india, uas, japan.
