Daily Newspaper article’s summary 2018-09-03
Summary of Newspaper artciles from ‘The Hindu’, ‘Economic Times’ and PIB
ARISE IAS: Demystifying UPSC IAS exams
Risks remain: on GDP growth:
1.While high frequency data points like auto sales and industrial output are in sync with these numbers, it must be remembered that this 8%-plus growth print can be attributed to the resolution of several GST transition problems, budgetary support to the rural economy and, in no small measure, the effect of a lower base last year.
2.But some of Finance Minister Arun Jaitley’s points to discredit the quality of growth under the UPA — for instance, that it compromised on the fiscal and current account deficits and led to spiralling inflation — are emerging as key risks for the economy again.
3.Just over 86% of the budgeted fiscal deficit target for the current financial year has been reached within the first quarter; GST collections, after a slew of rate cuts to spur consumption, have dipped to about ₹94,000 crore in August.
Retail therapy: on India-U.S. 2+2 dialogue:
1.Helicopters in general and MRHs in particular are a critical capability vacuum for the Navy, with several capital ships sailing with empty flight decks.
2.The timing of these decisions is important as they come just before the first 2+2 dialogue between India and the U.S. on September 6, which will see India’s External Affairs and Defence Ministers meeting their American counterparts.
3.In addition, before embarking on multi-billion dollar deals, India must get clarity from the U.S. on its Countering America’s Adversaries Through Sanctions Act, that could place limits of India’s defence cooperation with Russia.
Jurisprudence of inverted commas:
1.These rival approaches are interesting, but I abstain from expressing any views on the matter as the apex court is now shortly to deliver its verdict in the Sabarimala case.
2.However, the court has reiterated all too frequently that while overseas precedents are of some persuasive value, it will decide each matter within distinctively Indian contexts.
3.Individuals’ social traits and gender are regarded by the Constitution as ‘accidents of birth’; no matter what religious cosmologies may want to say, biology does not trump human rights.
Protecting the dissenters:
1.The arrests on August 28 of some of India’s most respected human rights activists, known for their public weal, is one such watershed event that will test the will of the Indian people to assert their freedom and the capacity of libertarian institutions to resist the state’s onslaught on the republic’s core values.
2.The allegedly inflammatory exhortation is with reference to a plea to revolt against injustice in the backdrop of the Bhima-Koregaon violence during a Dalit gathering in January this year, which was preceded by a meeting of the Elgar Parishad under the patronage of Justice (retired) P.B.
3.We cannot ignore the defining lessons of history which find an echo in the immortal words of Dante that “the hottest places in Hell are reserved for those who, in a period of moral crisis, preserve their neutrality” and in Ram Dhari Singh Dinkar’s celebrated verse, “ Samar Shesh Hai, Nahin Paap Ka Bhagi Keval Vyadh, Jo Tatasth Hain, Samay Likhega Unka Bhi Apradh (The criminal alone is not responsible for the crime.
Spotlight on democracy:
1.In his new book, The People vs. Democracy (2018), Harvard lecturer Yascha Mounk argues, “Citizens have long been disillusioned with politics; now, they have grown restless, angry, even disdainful.”
2.From Russia and Turkey to Poland and Hungary, “elected strongmen” are turning democracies into electoral dictatorships and using the same “playbook to destroy the free media, to undermine independent institutions and to muzzle the opposition”.
3.It’s particularly eerie to read about technology “that promises greater efficiency than anything we’ve ever seen before, controlled by corporations that are less accountable than any in modern political history.”
In business, what is Second Sourcing?:
1.This refers to a business practice wherein a supplier shares information about his product with his competitors in order to increase the supply of the product in the market.
2.Second sourcing also works in favour of competitors who get access to know-how about a new product at zero cost as well as consumers who benefit from increased supply due to competition between many suppliers.
3.It might, however, work against the interests of the original supplier as increased competition leads to a fall in profits.
For a shift in gear: on managing natural disasters:
1.In the case of Kerala, in 2003, the Home Ministry had proposed the formation of specialist teams to manage disasters using four battalions from the Central Industrial Security Force and Indo Tibetan Border Police.
2.The effectiveness of the National Disaster Response Force (NDRF) has been hampered by a shortage of trained manpower, training, infrastructure and equipment, which prompted the Comptroller and Auditor General to highlight the National Disaster Management Authority’s performance in projects such as vulnerability assessment and mitigation projects of major cities as “abysmal”.
3.Typically, after a disaster, revenue officials are responsible for visiting affected areas and identifying people for relief, in turn offering scope for misuse and corruption.
Making peace with Naya Pakistan:
1.In this photo released by the Press Information Department, Pakistani Prime Minister Imran Khan, center, attends a briefing at the Foreign Ministry in Islamabad, Pakistan, Friday, Aug. 24, 2018.
2.In his previous stint as Foreign Minister in the Pakistan Peoples Party regime, he had hardly endeared himself to audiences in India, and there is no reason to believe he has changed colour under the Imran Khan dispensation.
3.It means actively cultivating a constituency for collective action among civil society worldwide, going beyond mere populism and the usual range of India-Pakistan tensions.
Raghuram Rajan behind India’s declining growth, says Niti Aayog VC Rajiv Kumar:
1.It rose to Rs 10.5 lakh crore by the middle of 2017, because under the previous RBI governor Mr (Raghuram) Rajan, they had instituted a new mechanism to identify stressed NPAs.
2.In fact, in some cases like that of the Micro, Small and Medium Enterprises (MSME) industry, credit actually shrank.
3.The NITI Aayog Vice Chairman also said that demonetisation led to an increase in filing of income tax returns.
RBI working on measures to further beef up cyber security in FY19:
1.In view of growing incidents of cyber frauds, the Reserve Bank is working towards further enhancing security mechanism as part of its agenda for this fiscal, especially when digital transactions are witnessing a significant rise.
2.The RBI’s report said the 2018-19 agenda include taking effective steps to “further enhance” the levels of protection against cyber risks.
3.New private sector and foreign banks accounted for 36 per cent each of all cyber frauds reported in debit, credit and ATM cards, among others.
Finance Commission to visit Tamil Nadu from 5th Sep, also to meet the economists from the region to understand some peculiar issues:
1.There will be meetings with the leaders of various political parties, representatives of Trade and Industry, Urban Local Bodies and Panchayati Raj Institutions to understand the issues concerning the state.
2.This unique combination of demography and urbanization needs a specific strategy in public expenditure and investment in critical areas in the coming decade if it is to attain its growth potential and provide a model for the rest of India.
3.Commission expects to gain an in-depth understanding of the peculiar issue related to the economic growth and development in Tamil Nadu during its interactions and meetings with the state govt.
Shri J P Nadda addresses the‘71st Session of the WHO Regional Committee for South-East Asia’:
1.Shri Nadda further stated that the Health Ministry is working very hard for effective implementation of “Ayushman Bharat” for a healthy, productive and prosperous India.
2.Highlighting the initiatives of the Government, Shri Nadda said that although the WHO has fixed 2030 as the timeline for elimination of Tuberculosis, our Prime Minister has exhorted us to do it five years ahead of target in 2025.
3.Also present at the event were Ambassadors and High Commissioners from the member countries, senior officers of the Ministry and representatives and delegates from across the globe.
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