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2+2 = ?
• India-U.S. defence relationship
• Three agreements
1. Communications Compatibility and Security Agreement
(COMCASA)
2. “HOTLINES”: between Defence & Foreign ministers of both sides
3. First tri-services military exercises
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Post office solutions
• Prime Minister Narendra Modi launched the India Post Payments
Bank (IPPB)
• Specifications
✓Deposits of up to ₹1 lakh from customers
✓Cannot use these funds to give out loans
• Challenge: profit
• The first wave of new payments banks that commenced business last
year — Airtel, Paytm and Fino — have not exactly set the market on
fire.
• Mr. Makar, who was in the city to promote the India Rubber Expo 2019, said that it
was possible that the overall profitability of these units may be hit.
• Natural rubber producers of Kerala, which produces 85% of India’s natural rubber,
are bracing for a 25% crop loss (over last year) in the wake of the unprecedented
rains over last few months, according to the United Planter’s Association of South
India (UPASI).
‘Help India reduce oil bill’
• Minister for Road Transport and Highways Nitin Gadkari on Friday appealed to the
industry to invest in public transport propelled by alternative fuel and electricity
to help the country reduce its oil import bill.
• “Our import bill is nearly ₹8 lakh crore. This is a big challenge for the economy.
So, our government has taken a decision for alternative fuels like ethanol,
methanol, bio-diesel, compressed natural gas and electricity. We are ready for
anything that is a substitute for imports, cost-effective, pollution free and
indigenous,” Mr. Gadkari said at the Move Summit organised by the NITI Aayog.
• The Minister said initiatives need to be taken to curb pollution and that two-
wheelers alone consume 60% of petrol in India.
• “What the consumer needs, what the society needs, what the country needs is
very important... I want you to look at public transport on alternative fuel and
electricity,” he said.
Vocabulary
• Flagrant: (of something considered wrong or immoral) conspicuously or
obviously offensive.
खलु ा, ज्वलंत, धोर, दष्ु ट
• Heteronormative: denoting or relating to a world view that promotes
heterosexuality as the normal or preferred sexual orientation.
H ✓Comment
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