Daily Newspaper article’s summary 2018-09-24

Daily Newspaper article’s summary 2018-09-24

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

The plane truth:
1.The Rafale deal has been the subject of heated claims and counter-claims on two broad issues — that the contract to purchase 36 French multi-role fighter aircraft was grossly overvalued and that it was tainted by crony capitalism.
2.Ammunition for the second charge came from an unexpected quarter with former French President François Hollande stating in an interview that it was India that suggested the Anil Ambani-owned Reliance Defence Ltd. as the offset partner for the deal.
3.While the Centre has insisted that the choice of offset partners is entirely that of the manufacturer, or of Dassault Aviation, Mr. Hollande’s remarks were widely perceived as bolstering the Congress allegation that the Rafale deal was structured to favour one industrialist.

On edge:
1.The Sensex and the Nifty were down 279 and 91 points, respectively, at the end of trading on Friday after a significant recovery, but the day-end figures failed to capture the panic that struck investors during the day.
2.The 29% fall in shares of Yes Bank, after the RBI refused to extend the term of its chief executive officer beyond January, further added to the panic.
3.The market’s impressive recovery from the day’s lows, which was fuelled by strong institutional buying, has offered some reason for optimism to investors, who believe the fall was simply a temporary correction in a bull market.

What is lemon law in economics?:
1.Also known as lemon socialism, this refers to any form of government intervention in the market economy in order to help in the survival of struggling firms.
2.Such government intervention in favour of inefficient firms in the marketplace can be brought about in various ways — through the use of subsidies, bailouts, or discriminatory regulations that favour select firms in the market.
3.Lemon laws are considered to be harmful to economic growth as they breed inefficiency.

A walk through the Koreas:
1.As the somewhat showy images of North-South reconciliation played out, Andrei Lankov, who teaches at Kookmin University in Seoul and is an old North Korea watcher, tweeted: “N.
2.Lankov’s The Real North Korea: Life and Politics in the Failed Stalinist Utopia (2013) cuts through the “cliches” about the country being “mad” and “a nation of nuclear blackmailers” by pointing out that “North Korea’s leadership is quite rational, and nothing shows this better than its continuing survival against the odds.”
3.Earlier in 2010, Barbara Demick, a Los Angeles Times journalist, published in Nothing to Envy seven years of conversations with North Koreans, especially those who had escaped from Chongjin which had been badly hit by the famine of the mid-1990s.

Saving Cauvery’s cradle:
1.With the world population projected to grow to about 10 billion by 2050, according to the United Nations, and with climate change discernible, both the quantity and quality of freshwater will become critical, affecting health, food security, and economic well-being.
2.Forests help capture rainfall, reduce run-off and soil erosion, recharge groundwater aquifers, mitigate flooding, support local communities, and provide refuge for native flora and fauna.
3.It will be hard to claim that the uncontrolled development and forest clearance in the steep slopes of the Western Ghats in recent years has not been a factor in the tragedy that just unfolded in Kodagu, and in the coastal districts of Kerala.

The primary anchor of a health-care road map:
1.The NHPM is pushing for hospitalisation at secondary- and tertiary-level private hospitals, while disregarding the need for eligible households to first access primary care, prior to becoming ‘a case for acute care’.
2.Bring together all relevant inter-sectoral action linking health and development so as to universalise the availability of clean drinking water, sanitation, garbage disposal, waste management, food security, nutrition and vector control.
3.Robust delivery of preventive, clinical and diagnostic health-care services will result in early detection of cancers, diabetes and chronic conditions, mostly needing long-term treatment and home care.

Governor’s discretion:
1.Subsequently, Raj Bhavan issued a press release explaining that the case involves “examination of legal, administrative and Constitutional issues” and “necessary consultation may be carried out, when required, in due course”.
2.This communique seems to have been drafted to give the impression that the Governor is meticulously assessing the merits of the issue at hand, but it does not mention whether the Governor’s office is vested with any such powers to apply his mind and exercise his discretion under the Constitution.
3.In the view of the Supreme Court, speaking through a five-judge Bench in Nabam Rebia and Bamang Felix v. Deputy Speaker (2016), the discretionary power of the Governor is extremely limited and entirely amenable to judicial review.

A pan-India Dalit assertion:
1.Bhim Sena supporters hold a photo of BR Ambedkar as they raise slogans demanding immediate release of their chief Chandrasekhar Azad during the Bahujan Sankalp Mahasabha, at Parliament Street in New Delhi on August 19, 2018.
2.Dalit groups have claimed that the petition was up for hearing soon, and that the government wanted to avoid a reprimand from the apex court, as it would have given the Opposition a fresh opening to paint the BJP as ‘anti-Dalit’.
3.The very condition of possibility for a Hindu Rashtra requires that Scheduled Caste communities remain invested in the social identity proffered by their respective sub-castes while continuing to identify politically as Hindus.

Government mulls nationwide specifications for public procurement as part of industrial policy:
1.The official said standardised specifications of products would enable government departments and public sector units (PSUs) to release large orders helping the industry achieve economies of scale.
2.The government and PSUs procure goods and services worth over Rs 5 lakh crore every year, as per estimates.
3.A draft industrial policy has talked about creating large number of jobs, promote foreign technology transfer and attract USD 100 billion FDI annually.

Finance Minister to meet PSU banks chiefs tomorrow; to review financial performance:
1.Finance Minister Arun Jaitley will meet the heads of public sectors banks (PSBs) tomorrow as part of the annual financial performance review exercise.
2.The meeting is expected to discuss a host of issues, including progress made with regard to reduction in non-performing assets, sources said.
3.The remaining 19 government-run banks collectively suffered a net loss of Rs 87,357 crore during the financial year, according to the latest quarterly numbers reported by these lenders.

High Level Committee recommends completion of homes in the stalled projects of Noida, Greater Noida and Yamuna Expressway:
1.Ø Fourth recommendation to avoid multiple sale of single property, the “Agreement to Sale” to be registered in the office of concern Sub-registrar with nominal registration fee will ultimately secure the interest of Home Buyers.
2.Ø Sixth recommendation is to permit the affected home buyers to get the title deed registered on stamp duty at the rate prevailing at the time of committed date of the completion of the project by the developer.
3.Ø Seventh recommendation relates to policy for taking over their unused land/FAR of stalled projects by the Authorities, wherein no third-party interest has been created, is to instil a sense of discipline among the developers and penalise the defaulters.

NDMA conducts training programme for CBRN emergencies at Hyderabad airport:
1.The National Disaster Management Authority (NDMA) is conducting a basic training programme at the Rajiv Gandhi International Airport in Hyderabad.
2.The training programme is being conducted in collaboration with the Airport Authority of India (AAI), Institute of Nuclear Medicine & Allied Sciences (INMAS) and National Disaster Response Force (NDRF).
3.This is the seventh in a series of such programmes being conducted at airports across the country to enable AEHs to respond suitably till the arrival of specialised response teams.

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