Daily Newspaper article’s summary 2018-09-17
Summary of Newspaper artciles from ‘The Hindu’, ‘Economic Times’ and PIB
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The rupee problem:
1.The Union government, after a meeting with Reserve Bank of India Governor Urjit Patel, on Friday announced a list of measures to arrest the sharp decline in the currency , which has lost about 12% of its value since the beginning of the year.
2.Other steps such as removing restrictions on foreign portfolio investments and encouraging Indian borrowers to issue rupee-denominated ‘masala bonds’ were also announced to facilitate the inflow of dollars and de-risk the economy from fluctuations in the exchange rate.
3.The government needs to think of a long-term plan to boost exports, preferably through steps that remove policy barriers that are impeding the growth of export-oriented sectors, in order to find a sustainable solution to the problem of the weakening rupee.
1.The death of five young men who were employed to clean a septic tank in an upmarket residential community in New Delhi is a shocking reminder that India’s high-profile sanitation campaign has done little to alter some basic ground realities.
2.In the absence of political will and social pressure, more lives could be lost because more tanks are being built in rural and urban areas as part of the drive to construct toilets.
3.The Swachh Bharat Abhiyan should make expansion of the sewer network a top priority and come up with a scheme for scientific maintenance that will end manual cleaning of septic tanks.
What is ‘extended mind thesis’ in philosophy?:
1.This refers to the belief that the reach of various cognitive processes of the human brain can extend beyond just the skull and the body.
2.The idea was proposed by philosophers Andy Clark and David Chalmers in their paper, The Extended Mind .
3.GOPlease enter a valid email address.
1.It envisages a transformation in Indian agriculture for global environmental benefits by addressing land degradation, climate change mitigation, sustainable forest management, and biodiversity conservation.
2.Keeping the focus on initiatives for sustainable NTFP harvest, eradication of invasive alien species, and mitigation of wildlife conflicts is essential.
3.The approach will be to strengthen their role as agrodiversity guardians by developing value chains for their indigenous crops such as traditional rice varieties in Odisha.
The power of Kudumbashree:
1.One got a glimpse of the process at a district-level informal review meeting of around 60 key coordinators of Kudumbashree in Kozhikode, which suffered landslides and heavy rain.
2.Over the years, as women dropped out from these sections for a number of reasons, the social potential of the SHGs to challenge dominant structures of gender bias at the local level weakened.
3.In earlier years, women of the Kudumbashree groups had to organise protests when the Congress-led government drastically cut the budgetary allocation of funds and floated a parallel Janashree project.
Sharing news stories:
1.Thankfully for readers everywhere, newspapers in print still survive due to the passion of editors and publishers who see a purpose that has not been washed away by the onslaught of live television and online news.
2.Every journalism student is encouraged to read former Washington Post Editor Ben Bradlee’s A Good Life , especially the parts on the Watergate scandal, but equally, if not more, important are the memoirs of his publisher, Katharine Graham, Personal History .
3.The former editor of The Globe and Mail , John Stackhouse, has some very insightful experiences in Mass Disruption: Thirty Years on the Front Lines of a Media Revolution.
Covering the last field:
1.Excess rains and floods in Kerala, deficit rainfall in eastern and north-eastern India, and associated large-scale crop losses have again highlighted the need for providing social protection to poor farmers.
2.Some handicaps of the scheme are: outmoded method of crop loss assessment; inadequate and delayed claim payment; high premium rates; and poor execution.
3.To minimise their risks caused by missing data and to account for other unforeseen hazards, insurance companies build several additional charges on pure premium.
Where goes the rupee?:
1.Developing economies are typically even harder hit since global portfolio investors tend to withdraw from these markets, perhaps because their economic or political fundamentals are relatively more unstable.
2.Fortunately, the RBI has a huge stock of foreign exchange reserves and so the balance of payments situation is not (at least in the immediate future) the main cause of anxiety for the steady decline in the value of the rupee.
3.Much will depend on whether the economy can continue to grow at a reasonably high rate, for this will steady the nerves of portfolio investors and prevent them from pulling out of the Indian stock market.
Hope to cross Rs 11.5 lakh cr direct tax collection target for FY19:CBDT chief:
1.CBDT Chairman Sushil Chandra Monday expressed confidence in exceeding Rs 11.5 lakh crore direct tax collection target in current fiscal.
2.However, Controller General of Accounts data shows, the direct tax collections grew a paltry 4.2 per cent on year to Rs 1.54 lakh crore in April-June.
3.However, the I-T law also provides for a taxpayer to pay taxes at a lower or nil rate if he is eligible to claim the benefits under the double taxation avoidance agreement between India and the country from where the investment was routed.
Pakistan denies opening Afghan trade route for India:
1.ISLAMABAD: Pakistan Foreign Minister Shah Mahmood Qureshi has dismissed reports that Islamabad has expressed readiness to talk on restoring the India-Afghanistan trade route through its territory.
2.”Pakistan has not agreed to consider Afghanistan-India trade through our land,” the Foreign Office said on Sunday, quoting Qureshi.
3.The report called the revelation “significant” as according to it Pakistan “did not allow Indian goods to be transported through its territory into Afghanistan”.
Shri Rajnath Singh inaugurates smart fencing project along International Border in J&K:
1.Union Home Minister Shri Rajnath Singh inaugurated two pilot projects of smart fencing along the Indo-Pak International Border in Jammu today.
2.Speaking on the occasion, Shri Rajnath Singh said that government has taken a number of initiatives to make the borders of the country more secure.
3.Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Dr. Jitendra Singh, Director General, Border Security Force, Shri K.K.
Workers are architects of Modern India- Santosh Gangwar:
1.He gave away 28 Vishwakarma Rashtriya Puraskar (VRP) shared by 139 individuals and 128 National Safety Awards (NSA) for the performance year 2016 at a special function at New Delhi today.
2.Secretary, Ministry of Labour and Employment, Shri Heeralal Samariya congratulated all the award winners and appealed management of the organizations to make efforts for skill up-gradation of the workers.
3.The NSA is given in recognition of outstanding safety performance of industrial establishments, construction sites, ports and installations under Atomic Energy Regulatory Board (AERB) to stimulate and maintain the interests of both the management and the workers in accident prevention programmes.
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