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21st June 2022 (7 Topics)

21st June 2022

Mains Question:

Q1. In a constantly evolving world, rapidly growing population coupled with urbanisation and industrialisation are leading to an ever increasing demand for resources. In this regard, assess the environmental impact of mining activities. (150 words)

Approach

  • Introduction- mining in India (legal and illegal)
  • Increasing need of mining
    • Increasing demand (urbanisation and industrialisation)
    • Development
    • Depleting resources
  • Challenges/Issues
  • Environmental impact (blasting, alteration of natural terrain leading to soil erosion, blockage of natural drainage systems, loss of habitat for some fauna and flora species and decrease in ground water recharge)
  • Required policy measures
  • Conclude accordingly

Editorials

The US central bank announced that it will raise interest rates by 75 basis points (or 0.75 percentage points). The Fed is doing this to bring down inflation to its target rate of 2%. Most commentators and observers of the US economy point out that every time the Fed has tried to reduce inflation even by as little as 2 or 3 percentage points, it has led to a recession. 

What Is Inflation?

  • Definition- Inflation is the rate at which the value of a currency is falling and, consequently, the general level of prices for goods and services is rising.
  • Types- Inflation is sometimes classified into three types: Demand-Pull inflation, Cost-Push inflation, and Built-In inflation.
  • Impact- Those with tangible assets, like property or stocked commodities, may like to see some inflation as that raises the value of their assets.
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