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Must Read Daily Newspaper Articles - 14th January, 2020

1. Retail inflation at 5-year high of 7.3% in December (GS-3)

UPSC Syllabus : Inflation

What is Inflation?

Inflation refers to the rise in the prices of goods and services of daily or common use, such as food, clothing, housing, recreation, transport etc. It measures the average price change in a basket of commodities and services over time. The opposite and rare fall in the price index of this basket of items is called ‘deflation’. Inflation is indicative of the decrease in the purchasing power of a unit of a country’s currency. This is measured in percentage

The inflation rate is typically expressed as an annual growth rate in prices (again, as measured by an index) even if measured over a shorter period of time. For example, if a radio report states that "consumer prices rose at an inflation rate of four percent last quarter," that would typically mean than the Consumer Price Index for All Urban Consumers (the most quoted index) rose over the last three months at an annualized rate of around four percent, and the press would generally refer to the current inflation rate as around four percent. Inflation or price rise does not affect an individual only, but it affects the whole economy

2. SC not to review Sabarimala case, to examine ‘larger issues’ (GS-2)

UPSC Syllabus : Indian Polity; right issues

3. Vote for status quo: On ruling party's win in Taiwan (CSAT-1)

One country two systems policy

4. In the name of self-defence (GS-2)

UPSC Syllabus : Important International institutions, agencies and fora- their structure, mandate.UN Security Council (UNSC)

5. PM and world leaders to attend Raisina Dialogue (GS-2)

UPSC Syllabus : Bilateral, regional and global groupings


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