Daily Newspaper article’s summary 2018-10-04

Daily Newspaper article’s summary 2018-10-04

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

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No sweeping change — on Swachh Bharat Mission:
1.On Gandhi Jayanti this year, the SBM’s Gramin wing declared it has constructed 86.7 million Individual Household Latrines and raised sanitation access to 94% in rural areas; 5,07,369 villages are now ‘open defecation free’.
2.In some States, such as Rajasthan, independent verification shows that the social change that the SBM hopes to achieve remains elusive, and traditionally oppressed communities continue to manually remove filth from dry latrines used by the upper castes.
3.The official machinery required to enforce legal provisions vigorously, and the infrastructure to manage waste scientifically are inadequate, making it unlikely that there will be significant public health outcomes flowing from high-profile cleaning campaigns.
www.thehindu.com/opinion/editorial/no-sweeping-change/article25115297.ece

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A populist haze — on Brazil polls:
1.The personalised nature of the contest owes to the lingering shadow of Operation Car Wash, a buzzword for the anti-corruption campaign that underpins the confrontation between the legislature and the judiciary.
2.The anti-graft developments have removed established leaders from the fray, including Luiz Inácio Lula da Silva, the former President from the left-wing Workers’ Party (PT) now serving a 12-year jail sentence.
3.A stabbing incident at an election rally has forced Mr. Bolsonaro to campaign from his hospital bed, a sign of the sharp and often violent polarisation between political extremes.
www.thehindu.com/opinion/editorial/a-populist-haze/article25115315.ece

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Bond laddering:
1.If all bonds in his portfolio mature at the same time, it increases the amount of money that is exposed to reinvestment risk.
2.This risk can be significantly minimised by diversifying investments across time.
3.Sign up to receive our newsletter in your inbox every day!
www.thehindu.com/opinion/op-ed/bond-laddering/article25114438.ece

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More liquidity for lending:
1.So when the RBI tightens reserve requirements, banks are forced to cut down lending and this causes money supply in the economy to shrink.
2.The RBI last week allowed banks to classify an additional 2% of the value of their SLR investments in government bonds as high-quality liquid assets (HQLAs).
3.Money market rates, however, did witness an immediate drop after the RBI’s emergency measures suggesting that the RBI may be enjoying some success in calming the nerves of investors.
www.thehindu.com/opinion/op-ed/more-liquidity-for-lending/article25114457.ece

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A dissenting view:
1.In Indian Young Lawyers Association v. State of Kerala , the Supreme Court by a 4-1 majority held the practice of the Sabarimala temple of prohibiting entry of women of menstruating age as illegal and unconstitutional.
2.She states: “The issues raised in the present writ petition have far-reaching ramifications and implications not only for the Sabarimala temple in Kerala, but for all places of worship of various religions in this country, which have their own beliefs, practices, customs and usages.
3.It was held earlier by the Kerala High Court that this prohibition of entry to women of menstruating age was a practice prevailing for centuries.
www.thehindu.com/opinion/op-ed/a-dissenting-view/article25114433.ece

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Presuming the disabled to be ‘incompetent’:
1.In an 1850 report, Samuel Gridley Howe, popularly considered the ‘father of the American blind’, emphatically wrote: “The blind as a class, are inferior to other persons in mental power and ability.” It is dismaying to note that, 168 years later, far too many people continue to harbour this unfounded and deeply offensive belief.
2.I speak here of the recently released ‘revised guidelines’ by the Union Ministry of Social Justice and Empowerment for conducting written examinations for persons with disabilities, which significantly whittle down the 2013 guidelines that played a transformative role in empowering such students.
3.For instance, the candidate is to be given an opportunity to choose his preferred mode of giving the examination and provided soft copy material for open book exams only to the extent possible.
www.thehindu.com/opinion/op-ed/presuming-the-disabled-to-be-incompetent/article25115464.ece

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In harmony with Mother Nature:
1.The ancients write about the Panch Tatva s – Prithvi (Earth), Vayu (Air), Jal (Water), Agni (Fire), Akash (Sky) – and how our life systems are based on the harmonious functioning of these elements.
2.When we as a society are aware of our strong links with environmental conservation and talk about it regularly, we will automatically be proactive in working towards a sustainable environment.
3.We see this proactiveness in the success of the Ujjwala Yojana, which has significantly reduced indoor air pollution due to unhealthy cooking practices that were causing respiratory diseases.
www.thehindu.com/opinion/op-ed/in-harmony-with-mother-nature/article25115350.ece

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The creamy layer of social justice:
1.The court set aside the requirement to collect quantifiable data that was stipulated by its 2006 verdict in M. Nagaraj v. Union of India as it ignored the reasoning of a nine-judge bench in Indra Sawhney (1992) that any discussion on creamy layer “has no relevance” in the context of SC/STs.
2.The court merely removed the government’s responsibility to collect quantifiable data on backwardness but reasoned that the creamy layer test would be consistent with the equality principle.
3.But a close reading of relevant constitutional provisions and the verdict in Indra Sawhney make it clear that the SC/STs are given job reservations not because they are poor but because they are excluded.
www.thehindu.com/opinion/op-ed/the-creamy-layer-of-social-justice/article25115370.ece

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The scope of constitutional morality:
1.We struggle against the caricaturing of this extremely stigmatising, violently exploitative and degrading form of forced labour by a government and civil society that showcases empty rhetoric and ceremony around “cleanliness”, while decimating an entire class of citizens through callous neglect with impunity.
2.The court cited a second provision as well: Article 15(2) which prohibits any form of horizontal discrimination drawing again from the experience of untouchability that obstructed the universal use of public places, restaurants, water sources, etc.
3.Outgoing Chief Justice of India Dipak Misra set out four cardinal corners of the Constitution: Individual autonomy and liberty; equality sans discrimination; recognition of identity with dignity; right to privacy.
www.thehindu.com/opinion/lead/the-scope-of-constitutional-morality/article25115335.ece

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Australia questions India’s sugar subsidy bilaterally and at WTO:
1.NEW DELHI: Australia has raised concerns over India’s sugar subsidy dole out and questioned how the host of financial assistance measures announced this year are within the rules of the World Trade Organisation ( WTO ).
2.Besides raising the issue at the WTO, Australia, a major sugar exporter, has also held at least two rounds of meetings with the commerce department, according to an official.
3.Besides raising the issue at the WTO, Australia, a major sugar exporter, has also held at least two rounds of meetings with the commerce department, according to an official.
economictimes.indiatimes.com/news/economy/agriculture/australia-questions-indias-sugar-subsidy-bilaterally-and-at-wto/articleshow/66068006.cms

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India facing “economic crisis” due to huge oil imports: Transport minister:
1.”It is time for the country to find out import substitute products and we have great potential for the use of ethanol, methanol, CNG and electric transportation system as solutions, Gadkari said after inaugurating the ‘IndiaChem – 2018’ conference organised by Ficci.
2.There is a huge potential in Indian petrochemical sector, but we need import substitutes, pollution-free, cost-effective and indigenous ways to go ahead,” he added.
3.The minister added that the government had taken a decision to increase production of ethanol, which is important for the country.
economictimes.indiatimes.com/news/economy/policy/india-facing-economic-crisis-due-to-huge-oil-imports-transport-minister/articleshow/66067886.cms

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Chief Minister of Punjab Shri Amarinder Singh meets Union Minister of Consumer Affairs, Food and Public Distribution Shri Ram Vilas Paswan:
1.The Chief Minister demanded expediting pending payments on four specificissues namely ID Cess and Purchase Tax on Wheat (2017-18) stocks in hand as on 30 th June 2017; Subsidy under National Food Security Act for 2 nd and 3 rd quarter 2018; Custody and Maintenance charge for Paddy and Custody and Maintenance charges for wheat stored in Cover and Plinth.
2.Regarding the specific demand for ID Cess and Purchase Tax on Wheat (RMS 2017-18) stocks in hand as on 30 th June 2017, Rs.
3.Regarding the demand for Subsidy under National Food Security Act for 2 nd and 3 rd quarter 2018, Shri Paswan said that due to issues with the submitted advance subsidy claim provided by the State to the Ministry, the claims could not be processed and the State had been advised to submit the bills in proper format.
pib.nic.in/newsite/PrintRelease.aspx?relid=183962

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Exchange Rate of Foreign Currency Relating to Imported and Export Goods Notified:
1.Exchange Rate of Foreign Currency Relating to Imported and Export Goods Notified In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Indirect Taxes and Customs (CBIC) No.81/2018-CUSTOMS (N.T.
2.), dated 20 th September, 2018 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and Customs (CBIC) hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 5 th October, 2018, be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said Section, relating to Imported and Export Goods.
3.Rate of exchange of one unit of foreign currency equivalent to Indian rupees
pib.nic.in/newsite/PrintRelease.aspx?relid=183961

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