Daily Newspaper article’s summary 2018-08-16

Daily Newspaper article’s summary 2018-08-16

Summary of Newspaper artciles from ‘The Hindu’, ‘Economic Times’ and PIB
ARISE IAS: Demystifying UPSC IAS exams

Fear isn’t the key:
1.Viswanathan, a former Lok Sabha Secretary General, has now submitted recommendations to curb illegal practices in the markets and ensure fair conduct among investors.
2.Since SEBI is better placed to understand the complex nuances that financial market fraud entails, compared to other investigative agencies or even those in charge of implementing the Companies Act, it may also be better placed to enforce the law.
3.Last year, its order to impose restrictions on the trading of shares of 331 companies suspected of laundering money was seen as a hasty move taken under pressure from the government without a formal investigation.

Making NHPM work:
1.Since a majority of the families will be rural, and the secondary and tertiary public hospital infrastructure suffers from severe efficiency and accountability problems, State governments should upgrade the administrative systems.
2.Reducing the cost of universal health coverage is imperative, and it requires parallel investments in the neglected public sector.
3.The Centre should extend the scheme to all children and senior citizens, and cover out-patient consultation and essential drugs to sharply reduce out-of-pocket spending.

Lessons in alternative histories:
1.At a level of formal correctness, the matter is closed, but India is the loser because our prickly sense of arrogance blinded us to the possibility of the story.
2.The historian in him must have seen it as impractical; the politician in him must have read it as insulting, wondering whether Gandhi had lost his sense of the bloody reality facing India.
3.He is asking a jingoistic nation state to think out of the box and create a situation where the ethical is experimental and theology goes beyond mere patriotic catechism, and looks at playful possibilities to questions which need answers even today.

Irked over delay in payment to contractors, CVC seeks report from all CPSEs:
1.Suspecting corruption amid complaints of delay in releasing payments to contractors and suppliers, anti-graft watchdog CVC has asked all central public sector enterprises (CPSEs) to examine such bills and send a report over pendency.
2.The move comes after the Central Vigilance Commission received complaints regarding inordinate delay in payments and about non-settlement of bills of contractors, suppliers or service providers by some public sector enterprises.
3.The CVOs act as distant arm of the CVC to check corruption in government departments.

India’s oil import bill to jump by $26 billion on rupee woes:
1.Besides, the rupee hitting a record low of 70.32 to a US dollar in the opening deal today will also lead to a hike in the retail selling price of petrol , diesel and cooking gas (LPG).
2.”Though oil firms fix retail selling price of petrol and diesel on a daily basis, the inputs for that fixation are an average of previous fortnight.
3.Fuel prices in Delhi are the cheapest in all metros and most state capitals due to lower sales tax or VAT.

Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified:
1.Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Indirect Taxes and Customs No.67/2018-CUSTOMS (N.T.
2.), dated 2 nd August, 2018 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 17 th August, 2018, be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods.
3.Rate of exchange of 100 units of foreign currency equivalent to Indian rupees

BIS raid Packaged Drinking Water Manufacturing Unit:
1.Press Information Bureau Government of IndiaMinistry of Consumer Affairs, Food & Public Distribution16-August-2018 16:07 IST
2.BIS raid Packaged Drinking Water Manufacturing Unit Bureau of Indian Standards (BIS) conducted an enforcement raid recently on M/s Hi-Tech Aqua,in Mayapuri Industrial Area, Delhi.
3.The firm was manufacturing Packaged Drinking Water packed in 20L capacity filled jars under brand “Freshier” with spurious licence no.

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