Daily Newspaper article’s summary 2018-08-18

Daily Newspaper article’s summary 2018-08-18

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

Kerala’s trauma:
1.The unprecedented deluge in Kerala unleashed by heavy rain , overflowing rivers, brimming dams and massive landslips has overwhelmed the State government and rescue agencies, as they struggle to make a complete assessment of the devastation.
2.There is an outpouring of goodwill and support from across the country and even abroad, and the State government has acted quickly to make online contributions to the Chief Minister’s Distress Relief Fund possible through a dedicated portal.
3.Support groups from neighbouring States such as Tamil Nadu and Karnataka have begun sending relief material, although the disruption to road connectivity has left a lot of it stranded at the inter-State borders.

Continental shifts: On Jakarta Asiad:
1.The Asian Games begin in the Indonesian cities of Jakarta and Palembang on Saturday, providing Indian sport a bracing opportunity to prove its composite progress at the global level.
2.China continues to be the behemoth, and it is a pointer to its overall excellence that having finished at the top of the table in the last edition, in 2014, at South Korea’s Incheon, it also secured the third highest number of gold medals in the 2016 Olympics at Rio de Janeiro.
3.The women’s and men’s hockey teams have had an encouraging run leading up to the Asian Games, and they would look to make a statement in style two years ahead of the Tokyo Olympics.

‘Vajpayee was nobility personified’:
1.My CBI tenure would not have been half as successful as it was, but for the support which Prime Minister Atal Bihari Vajpayee lent me.
2.To suit the occasion, Shanti wrote a short verse of eulogy in Hindi and read it out to the PM.
3.In the Bofors case, after obtaining legal opinion (mainly of Attorney General Soli Sorabjee), I went up to Mr. Vajpayee to convey the news that I was soon going to lay the charge sheet against the accused (including the late Rajiv Gandhi).

Trial by water: How Kerala is coping with an extraordinary natural disaster:
1.The last thing Varghese Thalikaparambil, 72, probably saw on that Thursday night of apocalyptic rain was water cascading into his house at Manikandanchal, on the banks of the Pooyamkutty river —a tributary of the mighty Periyar in Kuttampuzha panchayat along the eastern border of Kerala’s Ernakulam district.
2.He married a girl from the locality, purchased an old thatched house on the barren banks of the now-dammed river, and settled here in 1978, two years after the dam was commissioned, doing odds jobs as a lorry cleaner and head load worker at the bus stand.
3.He blames the local bodies for allowing private encroachments, that too when a public property, a restaurant owned by the District Tourism Promotion Council, was razed on the orders of the Supreme Court four years ago.

How the ‘deep state’ gamed the system:
1.But even if he was the most famous client of the security establishment, he was not the only one to enjoy its protection.” Similarly, Imran Khan should be viewed as another strategic investment by the deep state that dislodged the erstwhile two-party structure monopolised by the Pakistan Muslim League (N) and the PPP.
2.Pakistani scholar Ayesha Siddiqa’s thesis of a symbiotic military-civilian relationship where politicians rarely question the primacy and vanguard role of the army and both groups collectively profit from the systematic plundering of the economy remains more plausible than ever before.
3.The recent election in Pakistan suggests a more sophisticated system — referred to as a ‘hybrid state’ — has come into being whereby the military establishment, acutely conscious of the costs of martial rule, has promoted an alternative framework so that there is a ‘buffer’ between the army and society.

No child left behind:
1.Add to this the fact that 190.7 million people in India sleep hungry every night, and over half of adolescent girls and women are anaemic, and the conclusion is obvious — despite a 7% compound annual growth rate over the last decade and the various programmes to improve nutrition, levels of under-nutrition are unacceptably high.
2.The recently announced flagship program of the Ministry of Women and Child Development will be anchored through the National Nutrition Mission (NNM), or Poshan Abhiyaan, with its own specific budget of ₹9,046 crore and a proposed World Bank loan of $200 million, to ensure convergence among the various programmes of the government.
3.The optimistic view says that exploring new models to address the structural and systemic issues on a priority basis, learning from what has worked or not, and single-minded focus on implementation will be critical to delivering better nutritional outcomes and meeting the Sustainable Development Goals, to which India is a signatory.

Bankruptcy: Government hints at new law for registered valuers:
1.We are assessing whether we can have a full- fledged law to regulate them as they are most critical in the success of the insolvency process,” Srinivas told an event organised by the industry lobby CII here.
2.Ruling out auction of bankrupt assets as an unviable option, Srinivas said the “bankruptcy process is complicated as there are so many stakeholders, so many contractual obligations and so many jobs are at stake.
3.Dispelling the criticism that IBC is anti-promoter, he said the first amendment to the code in November 2017 was influenced by a Supreme Court order which had said deeply trenched promoters must realise that for them to continue in management they have to pay back.

Government ropes in PSUs to undertake skilling:
1.So far the National Skill Development Corporation ( NSDC ) has received financial commitments of Rs 163 crore for training more than one lakh beneficiaries including 40,000 aspirants with recognition of prior lending.
2.Among the private players SBI Card has taken the lead commiting a contribution of Rs 2.28 crores for training 1000 candidates in the Delhi-NCR region in key roles in healthcare, retail, telecom and BFSI sectors.
3.NSDC has been working with diverse set of stakeholders such as corporates, foundations, government and community based organisations in structuring high impact collaborative skill development projects.

CBDT issues Circular on amendment of Tax Audit Report:
1.CBDT issues Circular on amendment of Tax Audit Report Section 44AB of the Income-tax Act, 1961 (‘the Act’) read with Rule 6G of the Income-tax Rules, 1962 (‘the Rules’) requires prescribed persons to furnish the Tax Audit Report along with the prescribed particulars in Form No.
2.Representations have been received by the Central Board of Direct Taxes (CBDT) that the implementation of reporting requirements under the proposed Clause 30C (pertaining to General Anti-Avoidance Rules (GAAR)) and proposed Clause 44 (pertaining to Goods and Services Tax (GST) compliance) of the Form No.
3.6/2018 dated 17 th August, 2018, that the reporting under the proposed Clause 30C and proposed Clause 44 of the Tax Audit Report shall be kept in abeyance till 31 st March, 2019.

PM visits Kerala, reviews relief and rescue operations:
1.After a review meeting, he made an aerial assessment of the damages caused due to floods in some of the affected areas of the State, as permitted by weather conditions.
2.The Prime Minister expressed his grief and sorrow on the unfortunate deaths and damage caused to lives and property due to floods.
3.PM has directed Insurance Companies to hold special camps for assessment & timely release of compensation to the affected families/beneficiaries under Social Security Schemes.

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