La Excellence IAS Academy

Food prices may keep inflation high

Syllabus: GS-III

Subject: Economy

Topic: Inflation

Issue: Inflation

Context:  A slight decrease in food price inflation contributed to a three-month low    in retail inflation.

Prelims connect:

Inflation is an increase in the prices of goods and services.

Core inflation Vs headline inflation:

  • Core inflation = Headline inflation – (Food and Fuel) inflation.
  • Headline Inflation is the measure of total inflation within an economy.
  • It includes price rise in food, fuel and all other commodities
  • Core inflation does not consider the inflation in food and fuel

Wage price spiral:

  • A wage price spiral occurs when workers demand higher wages in response to rising prices, and employers raise prices in response to higher wage costs.
  • This can create a cycle of wage increases and price increases, leading to overall inflation in the economy

Source: The Hindu

IRDAI chief asks insurance players to underwrite disruptions to improve market penetration

Syllabus: GS- III

Subject: Economy

Topic: Financial markets

Issue: IRDAI; insurance sector in India

Context: The chairman of the IRDAI said that the approach of ‘one-size-fits-all’ has outdated due to the radical technology-driven changes taking place in the insurance industry.

 +1 Advantage for Mains:

Reforms to be taken in Insurance sector:

  • To revolutionize the insurance sector and achieve the goal of ‘insurance for all’ by 2047.
  • Data-driven insights essential.
  • Use of technologies such as
    • block chain-enabled smart contracts,
    • data analytics for fraud detection,
    • artificial intelligence, machine learning,
    • big data, and the Internet of Things (IoT) in reshaping the insurance sector.

Prelims Connect:


·         Insurance Regulatory Development Authority (IRDA) is a statutory body set up by the IRDA Act, 1999

·         Objective: overall supervision and development of the Insurance sector in India.

·         It is responsible for registering and/or licensing insurance, reinsurance companies and intermediaries.

·         Head Office is located at Hyderabad.

Entities regulated by IRDAI:

o    Life Insurance Companies

o    General Insurance.

o    Re-Insurance Companies

o    Agency Channel

Source: The Hindu

Trump about NATO funding and Article 5

Syllabus: GS- II

Subject: International Relations

Topic: International institutions, agencies and fora

Issue: NATO

Context: US former president Donald Trump said that he would not defend the NATO allies who have not been able to spend enough on defence.

What is NATO’s Article 5?

an armed attack against one member shall be considered an attack against all, and members are committed to assisting the attacked party as necessary. However, it does not mandate automatic military action

Prelims Connect:


·         NATO, founded in 1949 during the Cold War, is a political and military alliance of countries from North America and Europe.

·         Its primary purpose is collective defense

·         Main headquarters are located in Brussels, Belgium,

·         There are 31 member states in NATO.

·         Finland recently joined NATO.

Source: Indian Express

Appointment of CEC, ECs: Supreme Court refuses to stay new law again

Syllabus: GS-II

Subject: Polity

Topic: Constitutional Bodies.

Issue: Appointment of CEC’s & EC’s.

Context: The Supreme Court refused to grant interim stay on a new law regarding the appointment of the Chief Election Commissioner (CEC) and Election Commissioners (ECs).


  • The petitions challenged the constitutional validity of the Chief Election Commissioner and other Election Commissioners (Appointment, Conditions of Service and Term of Office) Act, 2023.
  • Which states that CEC and ECs shall be appointed by the President based on recommendations from a Selection Committee comprising the Prime Minister, Leader of Opposition in the Lok Sabha, and a Union Cabinet Minister nominated by the Prime Minister.
  • The court declined to stay on grounds of violating Article 14 and the basic features of the Constitution.
How are the CEC and ECs currently appointed?
Appointment of CEC and ECs:

Article 324 establishes the Election Commission and grants it authority over elections.

·         Appointment Process: The President appoints the CEC and ECs based on the advice of the Union Council of Ministers led by the                Prime Minister.

Powers of the Election Commission:

·         The Constitution grants the Election Commission broad powers without specifying details.

·         Parliament has enacted laws like The Representation of the People Act, 1950, and The Representation of the People                Act, 1951, to define and expand the Commission’s powers.


Source: Indian Express

India susceptible to trade disputes without permanent solution for food security

Syllabus: GS-III

Subject: Economy

Topic: Food security.

Tags: #Foodsecurity #Tradedisputes.

Issue: Food Security.

Context: India may face potential trade disputes at WTO without permanent solution for food security, according to the discussions ahead of 13th ministerial conference (of WTO) in Abu Dhabi.


  • Uncertainty around ‘peace clause’ provisions prompts push for clearer guidelines.
  • India invoked ‘peace clause’ due to rice subsidy.
  • There is pressure to reduce support by 50% by 2030.
  • Developing countries seek permanent solution to avoid disputes, ensure trade compliance.

  Prelims connect

 World Trade Organisation (WTO): Peace Clause.

·         Protects food procurement programs of developing countries from WTO actions if subsidy limits are surpassed.

·         Aims to prevent disruption of global trade caused by high subsidies.

India’s Invocation of Peace Clause:

·         In 2020, India informed WTO of $5 billion subsidies for rice production, exceeding the threshold.

·         Invoked Peace Clause to shield against WTO actions regarding the breach.

India’s Justification for Breaching Subsidy Limits:

·         Restricted rice exports to stabilize global markets, preventing distortion.

·         Maintained ample food reserves to address production fluctuations and respond to emergencies.

Source: Indian Express

India, UAE ink pacts on linking digital payment Platforms, Trade, Energy

Syllabus: GS- II

Subject: International Relations

Topic: India’s relations with other nations.

Tags: #India-UAE #IMEC #BAPSTemple.

Context: India and the UAE signed pacts on trade, energy, and digital payments.

Key Agreements:

  • investment promotion,
  • port infrastructure,
  • power trade.
  • India-Middle East Economic Corridor.
  • digital payment platforms
  • cultural cooperation.
  • Modi thanked UAE for supporting the construction of the BAPS Temple in Abu Dhabi,

IMEC (India-Middle East Economic Corridor ):

·         It involves India, the UAE, Saudi Arabia, the EU, France, Italy, Germany, and the US.

·         It aims to boost trade, particularly in energy products, among these countries.

·         IMEC consists of an Eastern Corridor linking India to the Gulf and a Northern Corridor connecting the Gulf to Europe.

·         It includes railway, ship-rail transit, and road transport networks.

·         The corridor features rail, electricity, hydrogen, and data cable links.

Source: Indian Express

2BAStone from Rajasthan, artificial river created from Ganga waters, Abu Dhabi’s first Hindu temple is steeped in symbolism

Syllabus: GS-II

Subject: Art & Architecture

Topic: Temple Architecture.

Issue: India- UAE

Context :

Abu Dhabi’s first Hindu temple, built in Nagara style, resembles Ayodhya’s Ram Temple.

The temple symbolizes UAE-India friendship and tolerance.

Nagara architecture:

·         Features shikhara (mountain peak) over sanctum sanctorum.

·         Includes circumambulatory passage and mandapas (halls).

·         Shikhara symbolizes cosmic order and divine presence.

·         Five shikhara design modes: Valabhi, Phamsana, Latina, Shekhari, Bhumija.

·         Valabhi and Phamsana: Early Nagara styles from wooden structures.

Source: Indian Express

I&B Minister releases revised policy guidelines for community radio stations

Syllabus: GS-III

Subject: Science & Technology

Topic: Computers, Information & communication technologies

Issue: Community Radio Stations.

Context: Information and Broadcasting Minister released revised policy guidelines for Community Radio Stations (CRS) in India.

  • Community Radio Stations (CRSs) are low power Radio Stations, which are meant to be set-up and operated by local communities.
  • They play an important role in disseminating content in local dialects and languages.

Important guidelines:

  • 50% of the Advisory and Content Committee members will be women.
  • It allow eligible organizations operating in multiple districts to set up a maximum of six CRSs in different districts.

Source: The Hindu

Daily Editorials

The many lows of the 17th Lok Sabha

Syllabus: GS-II

Subject: Polity

Topic: Legislature

Issue: Lok Sabha.

 (+1 Advantage for Mains)

  • The 17th Lok Sabha:
    • was the First one to not appoint a Deputy Speaker.
    • it recorded the lowest number of sittings.

Changing trends in Lok Sabha:

  • A decrease in number of bills scrutinized, compared to previous Lok Sabhas.
  • A decrease in number of sitting days and sitting hours of the house.
  • A decrease in use of various parliamentary tools like Calling Attentions, Adjournment Motions

Prelims Connect:

  • Calling Attention” – a parliamentary procedure to call the attention of the Government to a matter of urgent public importance.
  • adjournment motion: to draw the attention of the House to a recent matter of urgent public importance having serious consequences.

Source: The Hindu

Homeward bound

Syllabus: GS-II

Subject: International Relations

Topic: India’s relations with other nations

Issue: India-Qatar

  • Context: the release of the eight former Indian naval personnel from Qatar.
  • Significance: it highlights the importance of quiet diplomacy at a time of brinkmanship and geopolitical conflict.

India – Qatar Relations:

  • For Qatar:
    • ties with India are historic and dependable.
    • consistent even when Qatar was boycotted by its Gulf neighbours
  • for India:
    • Qatar supplies India with a third of its natural gas import needs.
    • More than 8,00,000 Indians provide important services to Qatar.
    • bring in critical remittance earnings for India.

Source: The Hindu

Why India needs deep industrialization

Syllabus: GS-III

Subject: Economy

Topic: Industry and Industrial policies

Issue: Industrial Policy

  • India is dealing with industrial stagnation and unequal growth.

Challenges to Growth:

  • Traditional reliance on manufacturing-led growth not yielded desired results.
  • Continuing rise in unemployment.
  • Increasing trade deficit: a reliance on imports.
  • Services-driven growth doesn’t absorb labor effectively, leading to inequality.

Education Disparities: The quality divide in education gives to inequality, benefitting the elite over rural and small-town graduates.

Way forward:

  • India must prioritize deep industrialization along with service sector growth to foster inclusive economic development and societal transformation.

Source: The Hindu