Daily Current Affairs - 08-August-2019 (The Hindu, Indian Express, Livemint and Economic Times Newspapers)

Find all the important news articles and editorials from The Hindu, Indian Express, Livemint and Economic Times on our Daily Current Affairs Feed.

Please find the daily current affairs and links to read the articles.

To push growth, RBI cuts repo rate by 35 basis points to 5.4%

  • Members of RBI’s rate setting panel voted unanimously to maintain the monetary policy’s accommodative stance 
  • In response to RBI’s rate cut, State Bank of India cut its lending rate by 15 bps

Read Livemint article here

Pakistan downgrades diplomatic ties, suspends trade with India

  • The decisions were taken after a Pakistan National Security Committee meeting chaired by PM Imran Khan 
  • Pakistan also said it will raise the issue of India integrating Kashmir more closely with itself at the UN

Read Livemint article here

What drives inequality among women

Up to one-fourth of the total income inequality among women in India is due to circumstances such as their place of birth and parent’s education, finds study

Read Livemint article here

Revocation of 35A may ring alarm bells in other states (Editorial)

Readers of this column may recall discussions over splitting of Jammu & Kashmir (J&K) into Union territories under the direct control of New Delhi. I flagged it as a possibility in September 2016, after protests flared up after the killing of Kashmiri militant Burhan Wani. And again, in June 2018, right after the Bharatiya Janata Party (BJP) withdrew support to the Mehbooba Mufti-led Peoples Democratic Party (PDP). Indeed, with seismic developments over Article 370 and Article 35A of the Constitution earlier this week, it seems incredible that the BJP had actually entered into an alliance of convenience with PDP after a fractured mandate in assembly elections in J&K in 2014.

Read Livemint article here

Allocations are key (Editorial)

Economic policy needs to finetune its focus. It needs fewer lectures on reform.

Rural distress is real. Drinking water, improving the efficiency of existing irrigation systems, rural finance — including temporary waiver of loan repayments — need funds, which the affected states don’t have.

Read Indian Express article here

Why RBI’s monetary policy matters

It influences the interest rate in the economy — which is the cost of money when you don’t have it, and the reward for parting with it when you have it.

Read Indian Express article here

Trade suspension will hit Pakistan, not India: Traders

Islamabad’s decision to suspend trade with New Delhi will hit Pakistan not India due to latter’s low dependence on exports to its neighbour, officials and traders have said. 

In a new low in bilateral trade relations, Pakistan Prime Minister Imran Khan decided to suspend trade relations with India in a five-point plan, in response to India’s move to end special status for Jammu & Kashmir and split it into two union territories.

Read Economic Times article here

The fragility of India’s federalism (Editorial)

The abrogation of Article 370 has exposed ambiguities that have long been evident in India’s federal system. Asymmetric agreements have been negotiated in settlement of a number of regional conflicts in India. Kashmir’s autonomous status was the oldest and — in original conception — the most far-reaching of these provisions. But in practice, there has been a contingency to autonomy provisions, leaving them open to revision by popular majorities at the all-India level.

Read The Hindu article here

The big picture on tigers (Editorial)

The tiger, which once sat crouching, is now roaring in India. Results of a once-in-four-years estimation of tiger numbers show us that India has about 3,000 of them. This is relevant not only nationally, but also globally — this is a majority of the world’s wild tiger population, of around 4,000 tigers.

Read The Hindu article here

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