Daily Newspaper article’s summary 2018-08-10
Summary of Newspaper artciles from ‘The Hindu’, ‘Economic Times’ and PIB
ARISE IAS: Demystifying UPSC IAS exams
A welcome retreat: withdrawing the FRDI Bill:
1.The decision to seek the Lok Sabha’s approval to withdraw the legislation this week is a clear acknowledgement by the government that it had underestimated the extent and intensity of public opposition to the proposed law.
2.That banks, by the very nature of their business, are essentially dependent on the funds lent to them by depositors to serve as the pool of lendable resources from which they provide credit to borrowers is well known and requires no elaboration.
3.While such a review ought to include an evaluation of the progress made by the Insolvency and Bankruptcy Code in addressing the crucial issue of debt resolution in the banking sector, it must also look at ways to strengthen the Deposit Insurance and Credit Guarantee Corporation.
1.The latest ICC Test rankings with Virat Kohli as the top batsman provide a curiously apt backdrop to the Indian cricket team’s current tour of England.
2.His ranking was enabled by his 200 runs, 149 in the first innings and 51 in the second, in the first Test in Birmingham which almost took India to victory, but in the event spared the tourists the embarrassment of a crushing defeat.
3.With 934 points, Kohli is just marginally ahead of Steve Smith (929), but the Australian is currently serving a one-year ban for ball-tampering and holds no threat; the next two potential challengers, England’s Joe Root (865) and New Zealander Kane Williamson (847), hover far behind.
Questions of faith at Ayodhya:
1.Instead of arguing his case, Mr. Rahman blandly states: “A reading of the Koran and authentic traditions of the Prophet make clear the significance of the mosque in Islam.” This is, at best, a circular argument and, at worst, a terrible obfuscation.
2.Mohammed, in 2002 deployed the most scientific tools and unanimously concluded that there was indeed an extensive temple complex in ruins under the site where the Babri Masjid structure had stood.
3.Rama is venerated as Maryada Purushottam and worshipped by Hindus in the north as an avatar of Vishnu, while some Tamil saints known as Nayanmars and Alwars composed many hymns and songs dedicated to his divinity.
Firm but gentle grasp:
1.On July 2, the Madras High Court directed the Indian Institute of Technology, Kanpur to redo its rank list for this year’s IIT Joint Entrance Examination .
2.The answer: “It is the duration of 9,192,631,770 periods of the radiation corresponding to the transition between the two hyperfine levels of the ground state of Caesium 133.” Compare this to its earlier definition as 1/86,400 of a mean solar day – which, while having an appeal for its apparent simplicity, is much harder to precisely measure or check for being a standard value.
3.Aswal of National Physical Laboratory, Delhi, writes in an article in Current Science, since 1960, the metre has been defined in terms of the wavelength of light from krypton 86 radiation, hence, is derivable from nature.
Responding to widespread concern:
1.The judgment had led to widespread violence and loss of lives across the country, following which the government moved the Supreme Court for a review.
2.The 2018 Bill, passed by the Lok Sabha even as the government’s review petition is pending in the Supreme Court, overcomes the March 20 judgment by amending the 1989 Act to introduce Section 18A.
3.This provision does away with the need for a preliminary inquiry or requirement for an investigating officer to take prior approval from his superior before registering an FIR on a complaint under the Act.
Does the anti-trafficking Bill address trafficking?:
1.In order to break the organised nexus, at the national and international levels, the Bill proposes attachment and forfeiture of property and to remit the proceeds of crime in the rehabilitation fund.
2.In order to try offences under the Bill, the prosecution will have to first prove the subsections of Section 370, which are that the victim was transported, recruited, harboured, received or transferred for the purposes of exploiting her/him by using force, abduction, deception, or by abuse of power.
3.In the absence of clarity, such traffickers who operate hand in glove with the police will be the first to get themselves ‘rescued’ and claim hefty compensations, rehabilitation, small capital for business, and worse, an absurd immunity for committing serious offences that are punishable.
Perils of historical amnesia: on Article 35A:
1.In fact, the fundamental purpose of Article 35A, when it was introduced in 1954 as part of a Presidential Order, was the exact opposite: instead of giving the state a “special status”, it was designed to take autonomy away from it.
2.The controversial Instrument of Accession signed by Maharaja Hari Singh in 1947 which brought the State into the Union of India gave New Delhi control only over Kashmir’s defence, foreign policy and communications.
3.So, in January 1954, New Delhi negotiated a new agreement with Bakshi, which was passed by the Kashmir Constituent Assembly in February, and eventually introduced through Presidential Order in May.
No proposal to withdraw Rs 2,000 notes: Government:
1.Replying to question whether the government is considering withdrawal of Rs 2,000 notes shortly, Minister of State for Finance Pon Radhakrishnan in the Lok Sabha said, “there is no such proposal.”
2.”Reasons for spurt in stressed assets have been observed to be, inter-alia, due to aggressive lending practices, wilful default / loan frauds / corruption in some cases, and economic slowdown.
3.Asset Quality Review (AQR) initiated in 2015 for clean and fully provisioned bank balance-sheets revealed high incidence of NPAs,” he said.
Apple price in India mellows as imported varieties sell cheaper:
1.CHANDIGARH: Wholesale sale price of Indian apple is subdued by imported varieties that are selling at 15-20 per cent cheaper compared to the domestic produce.
2.“Despite selling at premium over imported versions, the prices are less than the last year,” Basant Nayak, business head, Adani Agrifresh Limited told ET.
3.Traders are also anxious that delay in delivery to Nepal and Bangladesh would check demand red gold and golden variety of apple.
NITI Aayog hosts Investors’ Conference for the Holistic Development of Islands:
1.NITI Aayog hosts Investors’ Conference for the Holistic Development of Islands NITI Aayog, together with the Ministry of Home Affairs and the UT Administrations of Andaman & Nicobar and Lakshadweep hosted an Investors’ Conference on August 10, 2018 at Pravasi Bharatiya Kendra, New Delhi for the Holistic Development of Islands.
2.Government will keep in mind the carrying capacity of these pristine islands to ensure they are never under burden”, said Shri Amitabh Kant.
3.Participating in the discussion with investors, Shri Vivek Rae said that the islands offer enormous potential for tourism.
Cage Farming in Karnataka:
1.Cage Farming in Karnataka The Centrally Sponsored Scheme (CSS) on Blue Revolution: Integrated Development and Management of Fisheries approved by the Government in December 2015 inter-alia provides financial assistance for (i) open sea cage culture and (ii) installation of cages/pens in reservoirs and other open water bodies.
2.Similarly, the unit cost for installation of cages/pens in reservoirs and other open water bodies is fixed at Rs.
3.This Information was given by the Minister of State for Ministry of Agriculture & Farmers Welfare Shrimati Krishna Raj
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