CA - 01-10 May 2022

CURRENT AFFAIRS
01st May 2022 to 10th May 2022 CA
Contents
1. RBI/SEBI/NABARD In NEWS ................................................................................................ 2
................................................................................................................................................................ 2
1.1. RBI Reduced Repo Rate by 40 BPS ........................................................................... 2
1.2. Increase in Cash Reserve Ratio................................................................................... 4
1.3. LOC of USD 190 Million .................................................................................................. 5
1.4. Changes in Credit Ratings for Deposit taking NBFC ......................................... 6
1.5. Regulations Review Authority 2.0 – Third Trench ............................................. 6
1.6. Government Bond Auctions .......................................................................................... 7
1.7. SEBI asked information .................................................................................................. 8
2. Finance In NEWS ....................................................................................................................... 9
2.1. IMF on India’s dream of $5 Trillion Economy...................................................... 9
3. Reports/Index in NEWS ........................................................................................................ 10
3.1 State Government’s Borrowings................................................................................. 10
3.2 New form for ITRs for 2019-20 & 2020-21 ............................................................ 11
3.3 IRDAI Committee on Micro Insurance (MI) ........................................................... 12
3.4 ECOWRAP Report by SBI ............................................................................................... 13
3.5 PMI Service and PMI Manufacturing ........................................................................ 14
3.5 World Press Freedom Index 2022 .............................................................................. 15
4. Other Important NEWS ......................................................................................................... 17
4.1. Germany commits 10 Billion ..................................................................................... 17
4.2. Supply Chain Plan by Japan ....................................................................................... 18
Crack Grade B
4.3. PLFS Data October-December 2021. ....................................................................... 19
4.4. UN Tax Panel on Digital TAX ...................................................................................... 21
4.5. WHO report on COVID Death toll ............................................................................. 23
4.6. State of the World’s Forests 2022 ........................................................................... 26
4.7. Global Network Against Food Crises (GNAFC). ................................................... 28
5. One Liner ..................................................................................................................................... 30
www.crackgradeb.com | crackgradeb@gmail.com |9971687048

Crack Grade B
1. RBI/SEBI/NABARD In NEWS
1.1. RBI Reduced Repo Rate by 40 BPS

Issue: - On the basis of an assessment of the current and evolving
macroeconomic situation, the Monetary Policy Committee (MPC) at its
meeting today (May 4, 2022) decided to: Increase the policy repo rate under
the liquidity adjustment facility (LAF) by 40 basis points to 4.40 per cent
with immediate effect.
Vote: - All members of the MPC – Dr. Shashanka Bhide, Dr. Ashima Goyal,
Prof. Jayanth R. Varma, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and
Shri Shaktikanta Das – unanimously voted to increase the policy repo rate
by 40 basis points to 4.4 per cent.
Possible Trigger: - Near 7 per cent retail inflation in March and
expectations of similar prints in April – and probably the entire April-June
quarter – necessitated the off-cycle meeting of the monetary policy
committee (MPC) members as they realised the urgency to act fast or face
the grim prospect of failing to fulfil their mandate.
So, what is the Objective? - Near 7 per cent retail inflation in March and
expectations of similar prints in April – and probably the entire April-June
quarter – necessitated the off-cycle meeting of the monetary policy
committee (MPC) members as they realised the urgency to act fast or face
the grim prospect of failing to fulfil their mandate.
Note on Standing Liquidity Facility: -
The Standing Liquidity Facility provided to Primary Dealers (PDs) (collateralised
liquidity support) from the Reserve Bank would be available at the revised repo rate
of 4.40 per cent with effect from May 4, 2022.
Key Rates: -
Standing Deposit
Repo Rate Reverse Repo Rate Bank Rate & MSF
Facility
• 4.40% • 3.35% • 4.15% • 4.65%

Crack Grade B
Assessment – Global Economy, Domestic Economy & Outlook
International Monetary Fund & World Trade Organization
• The International Monetary Fund (IMF) has revised down its forecast of
global output growth for 2022 by 0.8 percentage point to 3.6 per cent, in a
span of less than three months.
• The World Trade Organization has scaled down projection of world trade
growth for 2022 by 1.7 percentage points to 3.0 per cent.
Liquidity & Inflation
• Liquidity remained in large surplus. Bank credit rose (y-o-y) by 11.1 per
cent as on April 22, 2022. India’s foreign exchange reserves declined by
US$ 6.9 billion in 2022-23 (up to April 22) to US$ 600.4 billion.
• In March 2022, headline CPI inflation surged to 7.0 per cent from 6.1 per
cent in February, largely reflecting the impact of geopolitical spillovers.
Food inflation increased by 154 basis points to 7.5 per cent and core
inflation rose by 54 bps to 6.4 per cent.
Stance
• Accommodative while focusing on withdrawal of accommodation to

ensure that inflation remains within the target going forward, while
supporting growth.

Crack Grade B
1.2. Increase in Cash Reserve Ratio
Issue: - RBI increased the CRR on its 4th May 2022 Monetary Policy Review.
Under Section: - In exercise of the powers conferred under the sub-section
(1) of Section 42 of the Reserve Bank Act, 1934 and sub-section (1) of
Section 18 of the Banking Regulation Act, 1949 (10 of 1949) read with
section 56 thereof.
Effective From – 21st May 2022.
CRR To -
4.50%
CRR
From -
4%
What is CRR?
Cash Reserve Ratio (CRR) is the share of a bank’s total deposit
that is mandated by the Reserve Bank of India (RBI) to be
maintained with the latter as reserves in the form of liquid
cash.
Objectives of CRR.
The Cash Reserve Ratio serves as one of the reference rates
when determining the base rate. Base rate means the
minimum lending rate below which a bank is not allowed to
lend funds. The base rate is determined by the Reserve Bank
of India (RBI).

Crack Grade B
1.3. LOC of USD 190 Million
Circular By: - RBI

Issue: - Exim Bank's Government of India supported additional Line of
Credit (LoC) of USD 190 million to the SBM (Mauritius) Infrastructure
Development Company Ltd.
Applicable to: - All Category – I Authorised Dealer Banks.
Applicable From: - The Agreement under the LoC is effective from April 18,
2022. Under the LoC, the terminal utilization period is 60 months from the
scheduled completion date of the project.
Key Highlights from the Circular

Export-Import Bank of India (Exim Bank) has entered into an agreement dated January
06, 2022 with the SBM (Mauritius) Infrastructure Development Company Ltd
(SBMIDCL), for making available to the latter, Government of India supported Line of
Credit (LoC) of USD 190 million (USD One Hundred and Ninety Million Only) for the
purpose of financing its participation through Redeemable Preference Shares in public
sector entities for implementing the ongoing Metro Express Project and other
infrastructure projects in Mauritius.
The Credit facility is an additional tranche to the existing Credit of USD 500 million
(USD Five Hundred Million) which has been extended to SBMIDCL on the terms and
conditions contained in the Dollar Credit Line Agreement dated May 27, 2017.
What is Line of Credit?

A line of credit (LOC) is a present borrowing limit that can be
tapped into at any time. The borrower can take money out as
needed until the limit is reached. As money is repaid, it can be
borrowed again in the case of an open line of credit.
A LOC is an arrangement between a financial institution—
usually a bank—and a customer that establishes the
maximum loan amount the customer can borrow. The
borrower can access funds from the line of credit at any time
as long as they do not exceed the maximum amount (or credit
limit) set in the agreement.

Crack Grade B
1.4. Changes in Credit Ratings for Deposit taking NBFC
Circular By: - RBI
Issue: - RBI unveils review on Minimum Investment Grade Credit Ratings
for Deposits of NBFCs.
Applicable to: - All deposit taking NBFC.
Changes: - Approved Credit Rating Agencies and Minimum Investment
Grade Credit Rating shall be ‘BBB– ‘from any of the SEBI-registered Credit
Rating Agencies.
1.5. Regulations Review Authority 2.0 – Third Trench

Issue: - As per The Reserve Bank of India (RBI) the Regulations Review
Authority has recommended the withdrawal of additional 225 redundant
circulars.
Why: - RRA 2.0 was set-up by the Reserve Bank of India to review the
regulatory instructions, remove redundant and duplicate instructions and
reduce the compliance burden on Regulated Entities (REs).
First Trench Second Trench Third Trench

150 Circulars 100 Circulars 225 Circulars
16th Nov 2021 18th Feb 2022 02nd May 2022
More About RRA 2.0

RRA 2.0 was set up in April 2021 to review regulatory
instructions to remove redundant and duplicate ones, reduce
the compliance burden on Regulated Entities (REs) by
streamlining reporting structure; revoke obsolete instructions;
and, wherever possible, obviate paper-based submission of
returns.

Crack Grade B
1.6. Government Bond Auctions
Issue: - Govt bond auction for Rs 32,000 crore sails through as RBI accepts
bids.
Key Highlights
The government bond auction for Rs 32,000 crore, the first after the 40-basis point
hike in the policy repo rate, sailed through as the Reserve Bank of India (RBI) accepted
the bids. The acceptance of bids indicates the RBI is not alarmed at the rising yields.
The auction was scheduled for four securities —
1. 5.74% GS 2026 (Rs 9,000 crore),
2. GOI Floating Rate Bond 2028 (Rs 4,000 crore),
3. 6.67% GS 2035 (Rs 10,000 crore), and
4. 6.99% GS 2051 (Rs 9,000 crore).

Crack Grade B
1.7. SEBI asked information
Issue: - Markets regulator Sebi asked stock exchanges and other Market
Infrastructure Institutions (MIIs) to submit information pertaining to
exceptional major non-compliances observed in the systems and network
audit.
Background: - Taking into account the rapid technological developments in
the securities market and the entailing risks that these developments pose
to the efficiency and integrity of markets, Sebi, in January 2020, had
mandated that stock exchanges, clearing corporations and depositories
should conduct an annual system audit by a reputed independent auditor.
Circular by: - SEBI
Why: - The systems and network audit report will be placed before the
governing board of the MII concerned. Later, the report along with the
comments of the management of the MII need to be communicated to Sebi
within a month of completion of audit, according to a circular.
Key Highlights from the Circular

The latest decision has been taken based on discussions with MIIs -- stock exchanges,
clearing corporations, depositories and recommendations of the Technical Advisory
Committee (TAC) of Sebi.
Under the new guidelines,
• MIIs are required to conduct system and network audit as per the framework and Terms
of Reference specified by the regulator.
• Also, they are required to maintain a list of all the relevant Sebi directions pertaining to
technology and compliance thereof and the same need to be included under the scope of
system and network audit.
• MIIs are also required to submit information with regard to exceptional major Non-
Compliances (NCs)/ minor NCs observed in the system and network audit.
• The systems and network audit report, including compliance with Sebi guidelines and
exceptional observation format, along with compliance status of previous year
observations will have to be placed before the governing board of the MII concerned.
Then, the report along with the comments of the management of the MII shall be
communicated to Sebi within a month of completion of audit, as per the circular.
• Along with the audit report, MIIs are required to submit a joint declaration from the
Managing Director (MD)/Chief Executive Officer (CEO) and Chief Technology Officer
(CTO) certifying the security and integrity of their IT systems, correctness and
completeness of data provided to the auditor.
• Among others, the joint declaration should also certify about entire network
architecture, connectivity (including co-lo facility) and its linkage to the trading
infrastructure are in conformity with Sebi's regulatory framework to provide fair
equitable, transparent and non-discriminatory treatment to all the market participants.
• In addition, they need to make the joint declaration that the internal review of critical
systems was carried out during the audit period, including the Failure Modes and Effects
Analysis (FMEA).

Crack Grade B
2. Finance In NEWS
2.1. IMF on India’s dream of $5 Trillion Economy
Issue
• The wait for India to become a $5-trillion economic powerhouse by 2024-25 (FY25)
is going to take longer than what the finance ministry had originally intended,
according to the International Monetary Fund (IMF).
So when will India achieve as per IMF?
• The vision will instead be achieved in 2028-29 (FY29), reveals the IMF data,
illustrating a four-year delay.
• However, the IMF data conveys that the economy will be $4.92 trillion in FY28,
clearly alluding to the fact that the target will be realised in FY29.
CEA Commentry -
• Chief Economic Advisor (CEA) V Anantha Nageswaran said India would become a
$5-trillion economy by 2025-26 or the following year, on the back of 8-9 per cent
sustained growth rate in real gross domestic product (GDP).
IMF's Assessment is based on -
• This is notwithstanding the paring down of the real GDP growth rate forecast for
India. IMF had assigned it at 8.2 per cent, from the earlier 9 per cent for 2022-23
(FY23). In nominal and rupee terms, the IMF projected the economy to grow 13.4
per cent in FY23 – a prognosis much higher than the Budget assumption of 11.1 per
cent.
• The IMF’s projection for nominal GDP growth rate (in rupee terms) will not sustain
at 13.4 per cent during the years following FY23. In fact, the projected growth rate
will keep dropping each year. It will come down to 10.6 per cent by FY28.

Crack Grade B
3. Reports/Index in NEWS
3.1 State Government’s Borrowings
Issue: - State government’s RBI recently released Currency and Finance

Report.
Report By: - ICRA
Borrowings
• The state government borrowings through the bond market could be lower
by Rs 50,000 crore in Q1Fy23 at Rs 1.4 trillion, according to rating agency
ICRA.
Who borrowed throught SDL?
• During Apr 1-May 2 FY2023, only Andhra Pradesh (Rs 44

billion), Maharashtra (Rs 40 billion), Punjab (Rs 25 billion) and Haryana (Rs 15
billion) raised through State Development Loans (SDL).
Total borrowings
• Together, they borrowed Rs 124 billion, about 82 per cent lower than the Rs
672 billion that as many as 19 states had initially indicated for this period.
GoI borrowings
• The government of India released a substantial Rs 8.8 trillion to the states in

FY22, compared to Rs 7.4 trillion in the revised estimates for FY22.
More About SDL

1. SDLs are bonds that are issued by the state government to manage their
state finances and fund their fiscal deficit.
2. Each state is allowed to issue securities up to a certain limit per year.
3. SDLs are traded at a spread above the benchmark G-sec security of the
same tenor. The spread is based on the state finances.
4. SDLs are issued in the primary market through normal auctions conducted
by the RBI and traded in the secondary market.
5. Interest is serviced at half-yearly intervals and the principal is repaid on
the maturity date.
Crack Grade B
3.2 New form for ITRs for 2019-20 & 2020-21
Issue: - Taxpayers filing ITR-U, which can be filed within 2 years of the end of
the relevant assessment year, will have to give reasons for updating the
income.
Issue
• The Income Tax department has notified a new form for filing updated I-T
returns in which taxpayers will have to give the exact reason for filing it
along with the amount of income to be offered to tax.
Availiable to which year?
• The new form (ITR-U) will be available to taxpayers for filing updated
income tax returns for 2019-20 and 2020-21 fiscals.
Why?
• The Budget 2022-23 has permitted taxpayers to update their ITRs within
two years of filing, subject to payment of taxes, a move aimed at helping
correct any discrepancy or omissions.
How many times it can be updated?
• A taxpayer would be permitted to file only one updated return per

assessment year.

Crack Grade B
3.3 IRDAI Committee on Micro Insurance (MI)
Issue: - IRDAI suggests new modules for low-income group, small businesses.
What is MI? - 'MI' aims to protect low-income people with insurance products that
are affordable. The objective of MI is to empower people to cope with and recover from
common risks such as death of the breadwinner, paying for treatment of serious
illnesses, reconstructing destroyed homes and businesses, among others.
Key Recommendations
The panel has recommended 14 standard modules and suggested that such products
may be sold by insurers either on individual basis or group basis.
The committee has suggested that the insurers should be allowed to adopt a modular
approach using various permutations and combinations for Combi MI (Micro
Insurance) products.
Certain standard products prescribed by the Insurance Regulatory and Development
Authority of India (IRDAI) can be offered as modules, albeit with a restricted sum
insured keeping the target segment in mind.
"It is recommended that the Combi MI product may be solicited by all distribution
channels authorised to distribute insurance products by IRDAI. It may also be sold
through the online mode, wherever feasible," the report said.
The panel has also suggested a maximum sum insured for each of the modules
recommended by it. These include, Rs 5 lakh for 'Saral Jeevan Bima', Rs 5 lakh for
'Bharat Griha Raksha Policy', Rs 10 lakh for 'Bharat Sookshma Udyam Suraksha', Rs
3 lakh in case of personal accident and Rs 2,000 per day for 30 days in a year towards
hospital expenses.
"Ideally, every insurer ought to offer the Combi product," the report said.
The committee was of the view that combining the MI product with various government
schemes at the Centre as well as state levels will increase the outreach of the product,
and also make it easier to convince the target groups about the benefit of insurance
protection.

Crack Grade B
3.4 ECOWRAP Report by SBI
Issue: - ECOWRAP Report by SBI
Key Recommendations
The share of incremental bank credit in incremental nominal GDP is likely to cross the
50 per cent mark in the current financial year, from a decade low of 27 per cent in
FY2022.
The incremental credit to GDP share was as high as 63 per cent in the pre-pandemic
year (FY19). The average share was 50 per cent for the seven-year period ended FY20.
For FY23, as per report the share of bank credit may again breach the 50 per cent mark
indicating the increasing role of banks in economic growth,".
In the fiscal ended 2021-22, banks' credit grew by 9.6 per cent, driven by all major
sectors.
FY22 ended with an incremental credit growth at Rs 10.5 lakh crore, 1.8 times higher
than growth of Rs 5.8 lakh crore in FY21, the report said.
Segment-wise, the jump in credit to MSMEs and infrastructure was strong at Rs 2.3
lakh crore while credit to housing and the NBFC sector was close to Rs 2 lakh crore.
Retail loans expanded by a sharp Rs 3.7 lakh crore, driven by a surge in personal loans
apart from housing credit. Credit to agriculture was at Rs 1.3 lakh crore.

Crack Grade B
3.5 PMI Service and PMI Manufacturing
Released By: - S&P Global
Key highlights from the Report

Manufacturing
➔ India’s manufacturing sector witnessed faster growth in April, sequentially, due
to quicker increases in production and factory orders, as well as renewed
expansion in international sales. The S&P Global India Manufacturing
Purchasing Managers’ Index (PMI) rose from 54 in March to 54.7 in April.
Service
➔ Purchasing Managers’ Index (PMI) rose to 57.9 in April from 53.6 in March,
making up for the loss since the Omicron variant of coronavirus hit the country
in late December. “New business inflows expanded further in April, taking the
current sequence of growth to nine months. The latest rise in sales was sharp
and the strongest since November 2021.
What is PMI?
➔ It’s a response-based survey which ask about their change in
perception of key business variables when compared to previous month.
➔ It is calculated separately for manufacturing and service sectors.
➔ It ranges from 0 to 100 where above 50 means expansion and below 50
shows contraction and at score at 50 indicates no changes.
➔ PMI complied by IHS Markit which is a part of S&P Global.

Crack Grade B
3.5 World Press Freedom Index 2022
Report By - Reporters Without Borders
Frequency - Annual since 2002.
Edition – 20th edition
Released On - World Press Freedom Day on 3rd May.
Theme for 2022 - Journalism under digital siege
Economic
context.
Legal Sociocultural
framework. context.
Political
Safety.
context. Indicators
Scoring Criteria
➔ Towards 100 Indicates → Highest Possible Level of Press Freedom

➔ Towards 0 Indicates → Lowest Possible Level of Press Freedom
India’s Rank: -
➔ India ranked 150 out of 180 countries falling 8 places from last report.
➔ Reason of fall
o Violence against Journalist
o Politically Partisan Media
o Pressure from Government

Crack Grade B
➔ As per the report India is one of the dangerous countries for Media
person.
World Best –
Indian Neighbours & Key Partners Russia: -

➔ The ranking of India’s neighbours, except that of Nepal, have also slid
down, with the index placing Pakistan at 157th position, Sri Lanka
146th, Bangladesh 162nd and Myanmar at 176th position, the report
released by Reporters Without Borders said.
➔ According to the RSF 2022 World Press Freedom Index, Nepal has
climbed up by 30 points in the global ranking at 76th position. Last
year, the Himalayan nation had been placed at 106th position, Pakistan
at 145th, Sri Lanka 127th, Bangladesh 152nd and Myanmar at 140th
position in the index.
➔ Russia was placed at 155th position, down from 150th last year, while
China climbed up by two positions with the Reporters Without Borders
placing it at 175th position. Last year, China was placed at 177th
position.

Crack Grade B
4. Other Important NEWS
4.1. Germany commits 10 Billion
Issue
• Germany committed an additional 10 billion euros assistance to India to help

achieve climate action targets set for 2030 which include sourcing 50% energy
requirement from renewables and installing 500 GW of non-fossil fuel
electricity capacity.
Background
• At the COP-26 in Glasgow, India had committed to net zero emissions by 2070
and declared to source 50% energy requirements from renewables by 2030. It
had also assured to install 500 GW of non-fossil fuel power capacity and
achieve carbon intensity reduction of 45% over 2005 levels by 2030.
Whe the pledge by Germany?
• This will support inter alia the achievement of their ambitious goals in the
climate action and sustainable development space, further promote German-
Indian research and development (R&D), encourage private investment and
thus aim at leveraging further funding.
Other Initiative: -
• Indian and Germany also agreed to establish an Indo-German Renewable

Energy Partnership focusing on innovative solar energy and other renewables,
including the associated challenges for electricity grids, storage and market
design to facilitate a just energy transition.
• They also also agreed to further examine collaboration on green energy
corridors such as the Leh-Haryana transmission line and the project of a carbon
neutral Ladakh.
• Both sides agreed to strengthen collaboration on risk finance and insurance
solutions against climate and disaster risks as well as capacity building via the
Global Initiative for Disaster Risk Management.
• Germany welcomed the Indian announcement to become a member of the
InsuResilience Global Partnership.
• The joint statement said that both sides agreed to enhance collaboration with
the Indian and German private sector in the context of public-private
partnerships for innovation and investments in SDGs and climate goals in
particular through DeveloPPP and structured funding mechanisms to mobilise
the private sector.

Crack Grade B
4.2. Supply Chain Plan by Japan
Background Data
• The development comes a year after India entered into a trilateral

Supply Chain Resilience Initiative (SCRI) arrangement with
Australia and Japan to enhance the resilience of supply chains in
the Indo-Pacific Region and develop dependable sources of supply
and explore other countries who could join in the initiative. It also
aims to provide opportunities to stakeholders towards capacity
building and promotion of domestic manufacturing.
• One of these projects aims to establish a master database of
manufacturing components, which will enable access to
information across manufacturing processes to digitise the drone
manufacturing process. Apart from that, other projects will reduce
usage of chemical fertilizer, thereby reducing carbon emission in
farmland with satellite data and artificial intelligence.
Key Highlights
Project Details
➔ The Japanese government has selected eight Indian and Australian projects that
will be implemented in the sphere of data, IT, medical and cold chain
marketplace, among others, as part of an arrangement to counter China’s
dominance in supply chain in the Indo-Pacific region.
➔ Six of the eight projects are from India and were selected by Japan on April 25
for the ‘Program for the Supply Chain Resilience in the Indo-Pacific Region’. The
remaining two projects will be conducted in Australia.
Implementation
➔ These projects will be implemented by March 2023.
Other details.
As per Japanese Embassy “These projects will initially conduct a demonstration
program to help Japanese companies visualise their supply chains, upgrade logistics,
facilitate trade procedures and diversify their production bases”.

Crack Grade B
4.3. PLFS Data October-December 2021.
Unemployment data December 2021
• The unemployment rate or joblessness for persons of 15 years

and above in urban areas slipped to 8.7 per cent in October-
December 2021 from 10.3 per cent in the year-ago quarter,
showed a periodic labour force survey by the National Statistical
Office (NSO).
Why it was high?
• Joblessness was high in October-December in 2020 mainly due to

the staggering impact of the lockdown restrictions in the country,
which were imposed to curb the spread of the deadly
coronavirus.
Previous Data - July-Sept 2021.
• The unemployment rate for persons of age 15 years and above in

July-September 2021 was 9.8 per cent in urban areas, the 13th
Periodic Labour Force Survey (PLFS) showed.
Male data.
• Among males, the unemployment rate in urban areas also dipped

to 8.3 per cent in October-December 2021 compared to 9.5 per
cent a year ago. It was 9.3 per cent in July-September 2021.
Female data.
• It also showed that the unemployment rate among females (aged

15 years and above) in urban areas also declined to 10.5 per cent
in October-December 2021 from 13.1 per cent a year ago. It was
11.6 per cent in July-September.

Crack Grade B
What is Labour force?
➔ Labour force refers to the part of the population which supplies or
offers to supply labour for pursuing economic activities for the
production of goods and services and therefore, includes both
employed and unemployed persons.
When was PLFS launched?

➔ NSO launched PLFS in April 2017. On the basis of PLFS, a quarterly
bulletin is brought out giving estimates of labour force indicators
namely unemployment rate, Worker Population Ratio (WPR), Labour
Force Participation Rate (LFPR), distribution of workers by broad
status in employment and industry of work in Current Weekly Status
(CWS).
➔ The estimates of unemployed persons in CWS give an average picture
of unemployment in a short period of seven days during the survey
period.

Crack Grade B
4.4. UN Tax Panel on Digital TAX
Issue
• The United Nations’ (UN’s) tax committee, of which India is part, is developing a set
of rules to tax digital services in a way that is distinct from global tax deals for large
multinationals, including Google, Facebook, Netflix, and Microsoft.
What is the similirity with OECD 2 pillar package?
• This multilateral route would be a parallel to the global tax deal drawn up under
the auspices of the Organisation for Economic Co-operation and Development
(OECD) and allows taxing small to mid-sized firms, regardless of their business size
and threshold.
• The OECD, composed of 139 countries, have been working on a consensus-based
two-pillar package deal to alter the existing tax system in view of the challenges of
digitisation.
• Pillar one would be applicable to 50-70 multinationals due to its criteria of a high
revenue threshold of euro20 billion and a minimum 10 per cent profitability. It
deals with reallocating additional shares of profit to market jurisdictions where the
users are.
• Pillar two relates to a global minimum tax at 15 per cent.
Diffrence from OECD approach?
• Unlike the OECD, which offers consensus-based solutions, the UN model gives
flexibility and greater taxing rights to enable countries to start taxing the digital
economy.
Why is at discussion?
• The committee discussion assumes significance as it agreed to take the multilateral

route even when the OECD’s “Base Erosion and Profit Shifting” (BEPS) multilateral
solution has been in place and is designed to work effectively to address the
challenges of the evolving international tax landscape of digital economy, transfer
pricing, etc.
• Among other nations, India too has adopted the OECD’s two pillars to tax digital
giants. However, the BEPS scope is restrictive, unlike the UN approach, which is
supposed to be broad-based and is intended to provide more flexibility.
When will the committee meet?
• The committee is expected to meet next in November in Geneva, where it is likely

to finalise the terms of the rules.

Crack Grade B
More about UN Model

➔ The UN, through its Committee of Experts on International
Cooperation in Tax Matters, has released the finalised draft of a new
Article 12B, to include income from automated digital services (ADS)
in the 2021 version of the UN Model Tax Convention, also termed as
UN Model.
➔ Article 12B does not require any particular threshold, such as a
permanent establishment, a fixed base, or a minimum period of
presence, in a contracting state as a condition for taxing income
from automated digital services.
➔ The UN model, which is aiming to be simpler and faster than the
pillar one solution, would give additional taxing rights to countries
where an automated digital service provider’s customers are located.
➔ The UN model allows market jurisdictions to levy a withholding tax
on the gross amount of digital services income. It means it gives
additional taxing rights to countries where an automated digital
service provider’s customers are located.
➔ The UN model consists of articles on the treaty’s scope and on
definitions to be used in the treaty. For different kinds of income and
capital, it allocates taxing rights before establishing how double
taxation will be eliminated where the taxing rights are shared.
➔ It also includes articles that prevent certain forms of tax
discrimination; provide for the exchange of tax information and
assistance in tax collection between the treaty partners; allow the
treaty partners to consult together, through the Mutual Agreement
Procedure, to resolve disputes or address doubts concerning the
treaty; and address certain types of treaty abuse

Crack Grade B
4.5. WHO report on COVID Death toll
Issue
• The World Health Organisation (WHO) has put the number of Covid-19 deaths in
India at around 4.7 million, which the highest in the world.
Analogy
• The deaths, according to the report released on Thursday, could be directly due to
the disease or indirectly caused by the pandemic’s impact on health systems and
society.
Comparing it with India's official count.
• The WHO estimate of Covid deaths in India is 10-times the official count, and the
government has strongly rejected the figure and the methodology.
• India’s official Covid death toll is 481,486 between January 1, 2020, and
December 31, 2021.
Exact count by WHO
• The WHO report pegs Covid deaths in India at precisely 47,40,894 during 2020
and 2021. The coinciding pandemic death figure (described as excess mortality)
globally is approximately 14.9 million—ranging between 13.3 million and 16.6
million.
How WHO has calculated Excess mortality?
• Excess mortality is calculated as the difference between the number of deaths

that have occurred and the number that would be expected in the absence of the
pandemic based on data from earlier years.
What is India's stand?
• The Health Ministry said that India had informed WHO that in view of the
’authentic data’ published through the CRS by RGI, mathematical models should
not be used for projecting excess mortality numbers for the country.
• The Indian government said that it had objected to WHO classifying India into a
Tier II country. Tier classification is a simple grouping of countries based on
mortality data availability.
• According to WHO Countries are classified as Tier 1 if complete and nationally
representative monthly all-cause mortality data for the specified period have
been made available to WHO. Countries categorized as Tier 2 include countries for
which WHO does not have access to the complete data and thus requires the use
of alternative data sources.

Crack Grade B
So as per data released by the Civil Registration System (CRS) report-2020
below is the total under the aegis of the office of Registrar General of India (RGI)
which was shared by WHO is: - (Only due to COVID is given below in the form of
an Image)
Estimated Registered Increase in Number of Deaths

Year Level of Death Registration
Deaths Deaths registered over previous years
2018 82,12,576 69,50,607 84.60% 4,86,828
2019 83,01,769 76,41,076 92% 6,90,469
2020 81,20,268 81,15,882 99.90% 4,74,806
*Till Date = 3rd May when the report was released.

Crack Grade B
State Specific commentary.
➔ Some states and union territories (UTs) namely Maharashtra, Bihar,
Gujarat, West Bengal, Andhra Pradesh, Tamil Nadu, Karnataka, Madhya
Pradesh, Rajasthan, Assam, and Haryana have contributed significantly
in the increased number of deaths registered from 2019 to 2020.
➔ In the case of registered births, there has been a fall in 2020 in almost all
states and UTs except Bihar, Haryana, Madhya Pradesh, Rajasthan,
Sikkim, Andaman and Nicobar Islands, Jammu and Kashmir, and
Ladakh compared to 2019.
➔ Eleven States and UTs namely Uttar Pradesh, Telangana, Gujarat,
Jharkhand, Delhi, Karnataka, Chhattisgarh, Andhra Pradesh,
Maharashtra, Kerala and West Bengal have contributed significantly to
the decrease in registered births in 2020 over 2019.

Crack Grade B
4.6. State of the World’s Forests 2022
Released By - Food and Agriculture Organization of the United Nations (FAO) at

the XV World Forestry Congress in May 2022.
Subtitle of the Report - Forest Pathways for Green Recovery and Building
Inclusive, Resilient and Sustainable Economies.
Frequency - Bi-annually
Key Highlights from the Report

Observation
➔ The world has lost 420 million hectares (mha), approximately 10.34 per cent of
its total forest area in the last 30 years, between 1990 and 2020, due to
deforestation, though forests cover 4.06 billion ha (31 per cent) of the earth’s
geographical area, the report said.
➔ It added that although the rate of deforestation was declining, 10 mha of forests
were lost every year between 2015 and 2020.
➔ "Some 47 mha of primary forests were lost between 2000 and 2020. More than
700 mha of forest (18 per cent of total forest area) is in legally established
protected areas. Nevertheless, forest biodiversity remains under threat from
deforestation and forest degradation,” the report said.
➔ “Unless additional action is taken, an estimated 289 mha of forests would be
deforested between 2016 and 2050 in the tropics alone, resulting in the emission
of 169 GtCO2e,” it warned.
About Infections Diseases.
➔ SOFO 2022, stated that 15 per cent of 250 emerging infectious diseases have
been linked to forests. It further stated that 30 per cent of new diseases, reported
since 1960, can be attributed to deforestation and land-use-change.
➔ “Deforestation, particularly in the tropics, has been associated with an increase
in infectious diseases such as dengue fever and malaria,” the report said.
➔ The report estimated the cost of global strategies to prevent pandemics based on
reducing the illegal wildlife trade, avoiding land-use change and increasing
surveillance to be $22 billion to $31 billion.
On Population
➔ SOFO 2022 further stated that the world population is projected to reach 9.7
billion people by 2050, which will increase competition for land, as the demand
for food for this large population will rise by 35 to 56 per cent by the 2050s.
➔ “The annual global consumption of all natural resources combined is expected to
more than double from 92 billion tonnes in 2017 to 190 billion tonnes in 2060
due to increases in population size and affluence,” it read.

Crack Grade B
Poverty and Pollution
➔ It also stated that approximately 124 million more people fell into extreme poverty
after COVID-19 and this may have longer-term impacts on wood-based fuel, as
there is evidence of increased wood-based fuel use in some countries during the
pandemic.
➔ According to the report, around a billion people in sub-Saharan Africa will keep
relying on polluting fuels like charcoal and fuelwood till 2025.
Way forward: -
➔ “More than 140 countries have pledged, through the Glasgow Leaders’
Declaration on Forests and Land Use, to eliminate forest loss by 2030 and to
support restoration and sustainable forestry. To this end, an additional $19
billion has been allocated to help developing countries achieve these objectives,”
Restoring
degraded lands
and expanding
agroforestry
Halting Sustainably using
deforestation forests and
and maintaining building green
forests value chains
Key
Suggessions.

Crack Grade B
4.7. Global Network Against Food Crises (GNAFC).
Released By - Global Network Against Food Crises (GNAFC), The GNAFC is an

international alliance of the United Nations, the European Union, governmental
and non-governmental agencies working to tackle food crises together.
About - The document showed that around 193 million people in 53 countries
or territories experienced acute food insecurity at crisis or worse levels in 2021.

➔ Some 40 million more people globally experienced acute food insecurity at crisis
or worse levels in 2021 than 2020.
➔ Of these, over half a million people (570,000) in Ethiopia, southern Madagascar,
South Sudan and Yemen were classified in the most severe phase of acute food
insecurity.
➔ The document showed that around 193 million people in 53 countries or
territories experienced acute food insecurity at crisis or worse levels in 2021.
➔ When looking at the same 39 countries or territories featured in all editions of
the report, the number of people facing crisis or worse nearly doubled between
2016 and 2021, with unabated rises each year since 2018.
Reason
Weather
Extremes

Crack Grade B
Conflict
➔ The report was written prior to the Russian invasion of Ukraine February 24,
2022. But it found that conflict forced 139 million people in 24 countries /
territories into acute food insecurity. This is an increase from 99 million in 23
countries / territories in 2020.
Weather Extremes
➔ Another cause was weather extremes, which forced over 23 million people in eight
countries / territories into acute food insecurity, up from 15.7 million in 15
countries / territories in 2020.
Economic Shocks
➔ A third cause was economic shocks. Over 30 million people in 21 countries /
territories suffered acute food insecurity in 2021 due to economic shocks, down
from over 40 million people in 17 countries / territories in 2020.
Way forward: -
➔ The report demonstrated the need for a greater prioritisation of smallholder
agriculture as a frontline humanitarian response, to overcome access constraints
and as a solution for reverting negative long-term trends.

Crack Grade B
5. One Liner
Headline Important Points based on NEWS

New ED as ex- ➔ The central board of the Reserve Bank of India
officio member (RBI) on Monday approved the appointment of
of MPC. executive director Rajiv Ranjan as an ex-officio
member of the Monetary Policy Committee (MPC).
Ranjan will be succeeding Mridul Saggar, who is
understood to have retired.
Pharma Export ➔ Pharma exports have touched Rs 1,83,422 crore in
2021-22 against Rs 90,415 crore in 2013-14, the
commerce ministry said on Sunday.
➔ The exports in 2021-22 sustained a positive growth
despite the global trade disruptions and drop in
demand for COVID related medicines, it added.
➔ India ranks third worldwide for production in
terms of volume and 14th by value.
➔ The current market size of the domestic
pharmaceutical industry is around USD 50 billion.
➔ The share of pharmaceuticals and drugs in the
global exports is 5.92 per cent.
Suman Bery as ➔ Eminent economist Suman Bery on Sunday took
new Vice charge as the Vice Chairman of the government think
Chairman of tank Niti Aayog, according to an official statement.
NITI Aayog ➔ Bery has previously served as Director General (Chief
Executive) of the National Council of Applied
Economic Research (NCAER) and the global chief
economist of Royal Dutch Shell.
➔ He was also a member of the Prime Minister's
Economic Advisory Council, Statistical Commission
and the Reserve Bank of India's Technical Advisory
Committee on Monetary Policy.
➔ "NITI Aayog welcomes Suman Bery as NITI Aayog's
Vice Chairman with effect from May 1, 2022," the
statement said.
UPI April Data ➔ India’s flagship digital payments platform —
Unified Payments Interface (UPI) — saw its highest
ever number of transactions in April 2022 at 5.58
billon, amounting to Rs 9.83 trillion.
➔ In March, UPI breached 5-billion transactions in a
month for the first time. In April, volume of
transactions was up 3.33 per cent and value of
transactions rose 2.36 per cent compared to
March.
➔ In March, UPI processed 5.4 billion transactions
amounting to Rs 9.6 trillion.

Crack Grade B
➔ However, year-on-year (YoY), the volume of
transactions jumped 111 per cent and value of
transactions increased by almost 100 per cent.
➔ In April 2021, UPI had processed 2.64 billion
transactions worth Rs 4.93 trillion.
IGI Airport as ➔ Delhi’s Indira Gandhi International Airport, India’s
the busiest largest, emerged as the second busiest airport in
Airport in the the world in March, displacing Dubai Airport and
world trailing only Atlanta in the pecking order,
according to OAG, a global travel data provider.
➔ Its flight to the second position was the result of a
strong recovery in the domestic aviation market.
The government’s decision to reopen international
flights last month also helped increase traffic flow.
Merchandise ➔ India’s merchandise exports in April grew 24.2 per
Export April cent year-on-year to their third-highest level ever of
$38.2 billion on the back of higher commodity
prices amid the ongoing Russia-Ukraine war, the
preliminary trade data released by the commerce
ministry showed on Tuesday. The preceding month
had witnessed record outbound shipments of
$42.2 billion.
NHIA Projects ➔ The National Highways Authority of India awarded
projects for a total length of 6,306 kilometres in
the last financial year, while the agency
constructed 4,325 kilometres of highways, an
official statement said on Friday.
➔ The statement further said that capital expenditure
by NHAI (National Highways Authority of India) for
development of highway infrastructure reached an
all-time high of over Rs 1,68,770 crore during
FY22.
DISCOM Dues ➔ Total outstanding dues of electricity distribution
companies to power producers rose by 4.04 per
cent year-on-year to Rs 1,21,765 crore (Rs 1.21
trillion) in May 2022, according to the official data.
➔ Discoms owed a total of Rs 1,17,026 crore to power
generation firms in May 2021, according to portal
PRAAPTI (Payment Ratification And Analysis in
Power procurement for bringing Transparency in
Invoicing of generators).
➔ Power producers give 45 days to discoms to pay
bills for electricity supply. After that, outstanding
dues become overdue and generators charge
interest on that in most cases.
➔ To give relief to power generation companies
(gencos), the Centre enforced a payment security
mechanism from August 1, 2019. Under this

Crack Grade B
mechanism, discoms are required to open letters of
credit for getting power supply.
GST Panel on ➔ The panel of state finance ministers is unanimous
Casino, Rase on hiking the GST rate on casino, race course and
Course and online gaming services to 28 per cent, West Bengal
Online finance minister Chandrima Bhattacharya said on
Gaming. Monday.
➔ However, a call on whe-ther the tax should be
levied on gross or net valuation wo-uld be taken
after further deliberations at the officer level. The
Group of Ministers (GoM) will decide on the
method of valuing the services. At present, services
of casino, horse racing and online gaming attract
18 per cent GST (Goods and Services Tax).
➔ The government had in May last year set up a
panel of state ministers for better valuation of
services of casinos, online gaming portals and race
courses for levying GST. The GoM, headed by
Meghalaya chief minister Conrad Sangma, met on
Monday and discussed the applicable GST rate on
these three services.
Central Bank ➔ Central Bank of India, a state-owned commercial
of India closing bank, plans to shut 13% of its branches to improve
600 branches its financial health, which has been under
pressure for several years, according to sources
and a document seen by Reuters.
➔ The bank is looking to reduce the number of
branches by 600 by either shutting down or
merging loss-making branches by the end of March
2023, according to the copy of a document
reviewed by Reuters.
➔ Central Bank along with a clutch of other lenders
was placed under RBI's prompt corrective action
(PCA) in 2017 after the regulator found some state-
run lenders were in breach of its rules on
regulatory capital, bad loans and leverage ratios.
➔ Since then all the lenders except Central Bank
have improved their financial health and come off
RBI's PCA list.
First shipment ➔ A free trade agreement between India and the
under FTA United Arab Emirates (UAE) that was signed on
with UAE February 18 came into force from May 1, with the
completion of all constitutional and legal processes
surrounding the pact.
➔ Commerce Secretary BVR Subrahmanyam on
Sunday flagged off the first consignment of goods
comprising jewellery products to the UAE under
the trade pact, termed as the Comprehensive
Economic Partnership Agreement (CEPA), in New

Crack Grade B
Delhi. The consignment, which will now attract
zero Customs duty under the trade agreement, is
expected to reach Dubai on May 1.
➔ Gems and jewellery sector contributes a
substantial portion of India’s exports to the UAE
and is expected to benefit significantly from the
tariff concessions under the pact.
MGNREGA ➔ Indicating a turnaround in the employment
Data April situation in rural areas, the number of households
seeking work under the Mahatma Gandhi National
Rural Employment Guarantee Act (MGNREGA) in
April was 11.15 per cent lower than in the
equivalent month last year.
➔ However, the data also reve-als that compared to
pre-pandemic years, a disproportionately large
number of people — 23.26 million households in
April — are still seeking work under the
MGNREGA.
➔ The drop in the number of households seeking
work under the MGNREGA might be due to the
migration of manual casual labourers back from
rural areas to the cities where almost all economic
activities, including in contact sectors like hotels
and airlines, have resumed in full strength.
Delimitation of ➔ Redrawing the electoral map of Jammu and
J&K Kashmir, a three-member Delimitation
Commission on Thursday earmarked 47 Assembly
seats for Kashmir division and 43 for Jammu in its
final order submitted just a day before its two-year
tenure was to end.
PMJJBY Data ➔ The Centre’s flagship life insurance scheme —
Pradhan Mantri Jeevan Jyoti Bima Yojana
(PMJJBY), and accidental insurance scheme,
Pradhan Mantri Suraksha Bima Yojana (PMSBY) —
have seen enrollments rise to 128 million and 284
million, respectively, in seven years of inception.
➔ Atal Pension scheme, that provides a subscriber
aged 18-40 years with a guaranteed pension of Rs
1,000 to Rs 5,000 per month after attaining the
age of 60 years, depending on the contribution,
has seen its subscribers increase to 40 million in
the last seven years. All three social security
schemes were launched by the government on May
9, 2015.
➔ PMJJBY, provides life insurance cover worth Rs 2
lakh at Rs 330 per annum to all account holders
aged between 18 and 50 years, and has provided
claims for Rs 11,522 crore to families of 576,121
persons. Nearly 50 per cent of claims were paid out

Crack Grade B
for Covid-19 deaths, the Ministry of Finance said
in a statement.
MoU between ➔ The Confederation of British Industry (CBI),
CBI and CII Britain’s largest business organisation, and its
Indian counterpart, the Confederation of Indian
Industry (CII), have agreed to set up a new joint
commission to increase cross-industry
collaboration and to push the trade deal over the
line.
➔ According to a memorandum of understanding
(MoU), the UK-India Business Commission will
provide a critical forum for discussion to ensure
that the free trade agreement (FTA) benefits
businesses in both countries, an official statement
said Monday. The group will provide continual
oversight and meet ahead of key milestones to take
views on trade-offs, breakdown barriers to market
access, and help feed in on-the-ground business
intelligence at a ministerial level in India and UK.
World Food ➔ A Nasa climate research scientist who has spent
Prize 2022. much of her career explaining how global food
production must adapt to a changing climate was
awarded the World Food prize 2022.
➔ Cynthia Rosenzweig, an agronomist and
climatologist, was awarded the $250,000 prize in
recognition of her innovative modeling of the
impact of climate change on food production.
➔ Dr. M.S. Swaminathan, the father of India’s green
revolution, was the first recipient of this award in
1987.
Mercom’s India ➔ Rajasthan became the first state in India to
Solar Project surpass 10 GW of cumulative large-scale solar
Tracker installations, as per Mercom’s India Solar Project
Tracker. The state has a total of 32.5 GW of
installed power capacity, with renewables
contributing 55%, followed by thermal energy at
43%, and nuclear energy making up for the
remaining 2%.
➔ Solar is the predominant source which now
accounts for around 36% of the power capacity
mix and 64% amongst renewables.
100th Unicorn ➔ India finally has its 100th unicorn. Bengaluru-
of India based neo banking start-up Open has hit the
billion-dollar valuation mark after it raised $50
million in its Series D investment round led by
IIFL.
Declaration to ➔ India is not among the 60 countries that have
keep the signed a global declaration to keep the Internet
Internet open, open, free, and neutral. The countries that have

Crack Grade B
free and signed the declaration include the US, European
neutral. Union, United Kingdom, Canada and France.
Called the ‘Declaration for the Future of the
Internet’, the document is an agreement to prevent
digital authoritarianism.
➔ India, China and Russia are among the large
nations that are not part of this declaration.
➔ According to a release by the European
Commission, more countries are expected to follow
suit in the coming weeks. The signatories do not
include India.
Future of India ➔ The Future of India Foundation's a Delhi based
Foundations. NGO finds through 'Politics of Disinformation'
report that in an age of amplification to boost user
engagement, social media companies cannot use
'freedom of expression' as an excuse to let false
information to further propaganda thrive.
➔ Social media platforms cite ‘free speech’ in order to
absolve themselves of their role in spreading
disinformation. They have framed the discourse
around disinformation and its resolution as a
content-moderation problem. In reality, pervasive
disinformation is spread more by social media’s
amplification of disinformation-laden content
rather than its failure to remove it. It is only at the
removal stage that the question of free speech
arises.
➔ This and more form the Future of India
Foundation’s ‘Politics of Disinformation’ report,
which claims to be an attempt to cut through
crosstalk and obfuscation on the issue of
disinformation.

CA - 01-10 May 2022

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

CA - 01-10 May 2022

Uploaded by

Copyright:

Available Formats

CURRENT AFFAIRS

01st May 2022 to 10th May 2022 CA

www.crackgradeb.com | crackgradeb@gmail.com |9971687048

1.1. RBI Reduced Repo Rate by 40 BPS

• 4.40% • 3.35% • 4.15% • 4.65%

www.crackgradeb.com | crackgradeb@gmail.com |9971687048

International Monetary Fund & World Trade Organization

Liquidity & Inflation

• Accommodative while focusing on withdrawal of accommodation to

www.crackgradeb.com | crackgradeb@gmail.com |9971687048

Effective From – 21st May 2022.

www.crackgradeb.com | crackgradeb@gmail.com |9971687048

1.3. LOC of USD 190 Million

Circular By: - RBI

Key Highlights from the Circular

What is Line of Credit?

www.crackgradeb.com | crackgradeb@gmail.com |9971687048

1.5. Regulations Review Authority 2.0 – Third Trench

First Trench Second Trench Third Trench

16th Nov 2021 18th Feb 2022 02nd May 2022

More About RRA 2.0

www.crackgradeb.com | crackgradeb@gmail.com |9971687048

www.crackgradeb.com | crackgradeb@gmail.com |9971687048

Key Highlights from the Circular

www.crackgradeb.com | crackgradeb@gmail.com |9971687048

2.1. IMF on India’s dream of $5 Trillion Economy

So when will India achieve as per IMF?

IMF's Assessment is based on -

www.crackgradeb.com | crackgradeb@gmail.com |9971687048

3.1 State Government’s Borrowings

Issue: - State government’s RBI recently released Currency and Finance

Who borrowed throught SDL?

• During Apr 1-May 2 FY2023, only Andhra Pradesh (Rs 44

• The government of India released a substantial Rs 8.8 trillion to the states in

More About SDL

Availiable to which year?

How many times it can be updated?

• A taxpayer would be permitted to file only one updated return per

www.crackgradeb.com | crackgradeb@gmail.com |9971687048

www.crackgradeb.com | crackgradeb@gmail.com |9971687048

Issue: - ECOWRAP Report by SBI

www.crackgradeb.com | crackgradeb@gmail.com |9971687048

3.5 PMI Service and PMI Manufacturing

Released By: - S&P Global

Key highlights from the Report

www.crackgradeb.com | crackgradeb@gmail.com |9971687048

➔ Towards 100 Indicates → Highest Possible Level of Press Freedom

www.crackgradeb.com | crackgradeb@gmail.com |9971687048

Indian Neighbours & Key Partners Russia: -

www.crackgradeb.com | crackgradeb@gmail.com |9971687048

4.1. Germany commits 10 Billion

• Germany committed an additional 10 billion euros assistance to India to help

Whe the pledge by Germany?

• Indian and Germany also agreed to establish an Indo-German Renewable

www.crackgradeb.com | crackgradeb@gmail.com |9971687048

• The development comes a year after India entered into a trilateral

www.crackgradeb.com | crackgradeb@gmail.com |9971687048

Unemployment data December 2021

• The unemployment rate or joblessness for persons of 15 years

Why it was high?

• Joblessness was high in October-December in 2020 mainly due to

Previous Data - July-Sept 2021.

• The unemployment rate for persons of age 15 years and above in