ICE CURRENT AFFAIRS MAGIC EPISODE NO.4 DATE 22-1-2017 TO 28-1-2017
ICE CURRENT AFFAIRS MAGIC EPISODE NO.4 DATE 22-1-2017 TO 28-1-2017
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A blog a truncation of the expression weblog is a discussion or informational website published on the World Wide Web consisting of discrete, often informal diary-style text entries ("posts"). Posts are typically displayed in reverse chronological order, so that the most recent post appears first, at the top of the web page. Until 2009, blogs were usually the work of a single individual[citation needed], occasionally of a small group, and often covered a single subject or topic. In the 2010s, "multi-author blogs" (MABs) have developed, with posts written by large numbers of authors and sometimes professionally edited. MABs from newspapers, other media outlets, universities, think tanks, advocacy groups, and similar institutions account for an increasing quantity of blog traffic. The rise of Twitter and other "microblogging" systems helps integrate MABs and single-author blogs into the news media. Blog can also be used as a verb, meaning to maintain or add content to a blog.Many blogs provide commentary on a particular subject or topic, ranging from politics to sports. Others function as more personal online diaries, and others function more as online brand advertising of a particular individual or company. A typical blog combines text, digital images, and links to other blogs, web pages, and other media related to its topic. The ability of readers to leave comments in an interactive format is an important contribution to the popularity of many blogs. However, blog owners or authors need to moderate and filter online comments to remove hate speech or other offensive content. Most blogs are primarily textual, although some focus on art (art blogs), photographs (photoblogs), videos (video blogs or "vlogs"), music (MP3 blogs), and audio (podcasts). Microblogging is another type of blogging, featuring very short posts. In education, blogs can be used as instructional resources. These blogs are referred to as edublogs. On 16 February 2011, there were over 156 million public blogs in existence. On 20 February 2014, there were around 172 million Tumblr and 75.8 million WordPress[5] blogs in existence worldwide. According to critics and other bloggers, Blogger is the most popular blogging service used today. However, Blogger does not offer public
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Growth Forecast: Gross domestic product (GDP) growth in 2016-17 pegged at 6.5%, down from 7.6% in last fiscal 2015-16. Economic growth to rebound to 6.75 to 7.5% in 2017-18. Farm sector to grow at 4.1% in 2016-17, up from 1.2% in 2015-16. Growth rate of industrial sector estimated to moderate to 5.2% in 2016-17 from 7.4% in 2015-16. Service sector is estimated to grow at 8.9% in 2016-17 GST, other structural reforms should take the growth rate trend to 8-10%.
Taxation: Prescribes cut in individual Income Tax rates, real estate stamp duties. IT net could be widened gradually by encompassing all high income earners. Time table for cutting corporate tax should be accelerated. Tax administration could be improved to reduce discretion and improve accountability. Goods and Services Tax (GST): Fiscal gains from GST will take time to realise.
Current Affairs
Fiscal Deficit: Implementation of muted tax receipts, wage hike to put pressure on fiscal deficit in 2017-18. For fiscal health of the economy fiscal prudence for both centre and states is needed. Fiscal windfall from low oil prices to disappear in 2017-18.
Inflation: The average consumer price index (CPI) inflation rate declined to 4.9% in 2015-16 from 5.9% in 2014-15. CPI-based core inflation remained sticky around 5% in the 2016-17. Oil prices, seen rising by one-sixth in 2017-18 over the previous fiscal 2016-17 prices which could dampen India’s economic growth. Monetary Policy: monetary easing headroom may be capped due to sharp rise in prices in 2017-18. Market interest rates seen lower in 2017-18 due to demonetisation.
Government Debt to GDP ratio: It was 68.5% in 2016, down from 69.1% in 2015. Banking: Suggests setting up public sector asset rehabilitation agency (PSARA) to take charge of large bad loans in banks. With government backing, PSAR can overcome coordination and political issues on bad loans.
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