Daily Newspaper article’s summary 2018-09-08

Daily Newspaper article’s summary 2018-09-08

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

2+2 = ?:
1.Apart from the defence agreements, both sides said in a joint statement that they had discussed trade issues, cooperation on fighting terrorism, advancing “a free, open, and inclusive Indo-Pacific region” and promoting sustainable “debt-financing” in the region.
2.However, while trade was addressed, India did not receive a clear-cut assurance of its GSP (Generalised System of Preferences) status being restored, or of waivers on steel and aluminium tariffs imposed by Washington.
3.While signing agreements the U.S. has pursued for years, India appears to have taken a leap of faith on its own concerns, expecting that the Trump administration will come through on waiving sanctions and being more flexible on trade issues.

Post office solutions: the challenges facing India Post Payments Bank:
1.Amidst some fanfare, Prime Minister Narendra Modi launched the India Post Payments Bank (IPPB), a financial service provider that will operate under the country’s age-old postal department.
2.The government-owned payments bank will be able to accept deposits of up to ₹1 lakh from customers but without the rights to use these funds to advance risky loans at higher interest rates.
3.To generate revenues, it plans to charge fees on money transfers and other financial services while investing idle customer deposits in safe government securities in order to earn interest.

The right to love: on Section 377 verdict:
1.When those affected by the 2013 verdict approached the Supreme Court, it was referred to a larger Bench to reconsider Koushal .
2.In National Legal Services Authority (2014), a case concerning the rights of transgender people, the court ruled that there could be no discrimination on the basis of sexual orientation and gender identity.
3.Justice Indu Malhotra strikes a poignant note when she says history owes an apology to the LGBTQ community for the delay in providing the redress.

Pieces of land: on land redistribution in South Africa:
1.But President Cyril Ramaphosa, a former business tycoon and trade union leader, faces the delicate task of making good on the constitutional principle of land “expropriation without compensation”, not undermining the right to private property.
2.The annual growth rate is poor, and unemployment hovers around 25%, even as the country comes to terms with the role of top African National Congress leaders in the loot of its natural wealth.
3.His bold initiatives as President have seen the return of competent Ministers sacked by his predecessor, manoeuvres to revive investor confidence and restoration of an independent prosecutor’s office.

A strange new world: on the Trump-Kaepernick saga:
1.For the past two years, Kaepernick has been unable to find work, and he is suing the National Football League (NFL) for illegal collusion to keep him out of the game in response to political pressure.
2.Recently, athletic shoe and apparel manufacturer Nike signed him as the face of their new advertising campaign and instantly became target of Mr. Trump’s tirade where he called for a boycott of the company.
3.Strangest of all is Nike, the poster child for corporate greed thriving on sweatshops in poor countries, choosing to make a stand against government pressure and buyer boycotts to support Kaepernick.

The sadness of silence:
1.Sadly, the intellectual has become part of the conspiracy of silence, hiding behind the emperor’s new clothes, the emerging policy science, which banalise the logic of violence in everyday life.
2.A Michel Foucault would have been ironically delighted with the event as a case study where Famine, Partition and World War become the creation myths of the Indian state apparatus.
3.By breaking this silence, we could begin to challenge the tyranny of modern India, bring back to citizenship a memory that flows, revive the power of storyteller and the hospitality of listening.

For all that we may become: on the Section 377 verdict:
1.For all the lines of the 2009 Delhi High Court verdict (colloquially called the Naz judgment), the one that stayed with me the longest was perhaps an aside to the main point about reading down Section 377.
2.The High Court had said: “While recognising the unique worth of each person, the Constitution does not presuppose that the holder of rights is an isolated, lonely and abstract figure possessing a disembodied and socially disconnected self.
3.Listed immediately after us in the Chief Justice’s court was the next hearing in Romila Thapar , the petition challenging the continuing house arrest of activists under the Unlawful Activities (Prevention) Act, a law that defines the many ways in which we are willing to sacrifice our civil liberties.

Trump wants to stop subsidies to growing economies like India, China:
1.Addressing a fundraiser event in the Fargo city of North Dakota, he also accused the World Trade Organization (WTO) of allowing China to become a “great economic power”.
2.On the trade deficit between the US and China, which has led to a tariff war between the world’s top two economies, he said, “I’m a big fan of (Chinese) President Xi Jinping , but I told him, ‘we have to be fair’.”
3.”We can’t let China take USD 500 billion a year out of the United States and rebuild itself,” he added.

Government goes slow on share sales, eyes PSU buybacks:
1.So far this year, the government has mopped up over Rs 9,000 crore and has faced several setbacks, including dropping plans for Air India stake sale.
2.Instead, the department of investment and public asset management (Dipam) is looking at share buybacks in companies such as Nalco, Coal India, BHEL , NMDC, NTPC , NHPC and Satluj Jal Vidyut Nigam (SJVNL).
3.The move also means that plans to get NHPC to buy the Centre’s share in SJVNL may have been put on the back burner as there was a view that the ONGC-HPCL model could be replicated in the power sector to tap into the cash pile and also implement the “strategic sale” agenda.

Former PM of Nepal, Shri Pushpa Kamal Dahal ‘Prachanda’ calls on PM:
1.Former PM of Nepal, Shri Pushpa Kamal Dahal ‘Prachanda’ calls on PM Shri Pushpa Kamal Dahal ‘Prachanda’, former Prime Minister of Nepal and Co-Chairman, Nepal Communist Party, called on Prime Minister Shri Narendra Modi today.
2.The Prime Minister fondly recalled their previous interactions, and thanked Shri Dahal for his valuable contributions in strengthening India-Nepal relations.
3.Recalling his two visits to Nepal this year, the Prime Minister said that India-Nepal relations have received a boost in momentum with frequent high-level interactions.

Shri Dharmendra Pradhan emphasizes on a clean, efficient and affordable mobility system;:
1.Shri Dharmendra Pradhan emphasizes on a clean, efficient and affordable mobility system; About 10,000 CNG stations to be in place; Bio-ATF and Bio-CNG policies to be formulated
2.The Union Minister of Petroleum and Natural Gas & Skill Development and Entrepreneurship Shri Dharmendra Pradhan has emphasized on a clean, efficient and affordable mobility system.
3.On the issue of Electric Vehicles, Sh Pradhan said that there are challenges concerning setting up of infrastructure and economy of converting to EVs, and Inter-ministerial teams are working to put in place a comprehensive policy on the matter.

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