Daily Newspaper article’s summary 2018-10-05

Daily Newspaper article’s summary 2018-10-05

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

Short-term window — on BSP shunning the Congress:
1.Although, unlike in Chhattisgarh where it allied with the breakaway Congress group of Ajit Jogi, the BSP does not have any viable electoral partners in Madhya Pradesh and Rajasthan, the party sees itself in a growth phase in these States and the risk seems worthwhile given the low stakes.
2.The BSP chief, never one to take kindly to personal attacks, responded by saying that Mr. Singh was afraid of the Enforcement Directorate and the Central Bureau of Investigation.
3.If the Congress is unwilling to consider apportioning more seats to the BSP, it is in no small measure due to its fear of the longer-term impact of conceding space to another political animal in what is at present a two-horse race.

Fields of concern — on MSP for kharif crops:
1.The rabi crop will be planted in November, by which time Madhya Pradesh and Rajasthan (large producers of wheat and mustard, respectively) will be firmly in campaign mode.
2.A robust mechanism that actually helps farmers get the declared MSP for a crop is being pursued through a price deficiency payment scheme and a private procurement plan.
3.There needs to be a holistic reboot of the agriculture sector, particularly to address the restrictive trading policies and excessive government interventions that deter productivity enhancements.

Yield management:
1.Airline seats, for instance, are sold at different prices on different days based on what travellers are willing to pay.
2.Critics of yield management argue that it is an unfair business practice that needs to be banned as it exploits consumers.
3.Its supporters, however, believe that effective yield management helps to maximise the revenue of the seller and also makes sure that scarce resources are allocated to the most urgent needs of society.

Crafting excellence:
1.The statement of objective of the 2014 Act said the Ahmedabad NID is an institute of “national importance” for the promotion of quality and excellence in education, research and training in all disciplines relating to design.
2.These hubs would provide common facilities and enabling tools, along with financial support through mechanisms like venture funding, loans and market development assistance.
3.The Act of 2014 had expressed the legislative intent to set up a design institute with a view to spreading quality education, in keeping with the current economic and academic paradigms.

Has the Government lost the perception battle on Rafale?:
1.The two governments involved have nothing to do with the offset provision under which Dassault decided to partner with the Reliance Group, among dozens of other Indian firms such as BTSL, DEFSYS, Kinetic, Mahindra, Maini and SAMTEL.
2.Moreover, as noted in the Ministry of Defence’s statement, media reports of February 2012 suggest that Dassault, within two weeks of being declared the lowest bidder for procurement of 126 aircraft by the UPA government, had entered into a pact for partnership with Reliance Industries in the defence sector.
3.‘Post-truth’ was named as the 2016 word of the year by Oxford Dictionaries and is defined as “relating to circumstances in which people respond more to feelings and beliefs than to facts.” This reality was ignored by the government as it sought to counter the Opposition’s charges by haughty, factual denials.

Eyes on India:
1.Japan, South Korea, Taiwan, and Australia have all unveiled strategies to diversify their economic interdependence, away from mainland China and towards Southeast Asia and India.
2.A longer-term concern is Beijing’s use of its economic muscle for political purposes, whether in suspending rare earth metal exports to Japan in 2010 or punishing a major South Korean corporation for Seoul’s decision to install a missile defence system in 2017.
3.Similarly, Taiwan, a G20-sized economy whose political status is disputed, has announced a New Southbound Policy with significant accompanying investments in India by Taiwanese electronics manufacturers.

Next steps at Gir:
1.In 2013, the Supreme Court had issued an order that lions from Gujarat be relocated to the Kuno sanctuary in Madhya Pradesh as a check against the threat of epidemic.
2.In its 2013 order, the Supreme Court had said: “Asiatic lion, it has been noticed, has been restricted to only one single habitat, i.e. the Gir National Forest and its surrounding areas and an outbreak of possible epidemic or natural calamity might wipe off the entire species.
3.While Gujarat has done a good job of conserving its lions, it should also turn its attention to reducing the drivers of disease, which includes controlling feral dog populations.

A manifesto of dissent:
1.Rosa Luxemburg and Leon Trotsky, Marxist revolutionaries, add not just to the romance of Marxism, but redeem it from the monolithic ideology of Stalinism.
2.Liberation theology during the fishing struggle in Kerala gave the battle for equality a new dimension when political parties and churches found it difficult to transcend hierarchy or abandon power.
3.His critique of Narendra Modi as Gujarat Chief Minister and Prime Ministerial candidate in 2014 was about his suppression of storytelling, the State government’s distortion of dissent, its labelling of environmentalists as anti-national.

RBI changes policy stance on risks in global crude & financial markets:
1.Taking note of improving capacity utilisation, larger FDI inflows and a positive climate for private investment, the RBI maintained the growth forecast for the current fiscal at 7.4 per cent.
2.”Global financial markets continued to be affected by monetary policy stances in major AEs, the spreading of contagion risks from specific EMEs, and geopolitical developments,” the RBI added.
3.Taking note of improving capacity utilisation, larger FDI inflows and a positive climate for private investment, the RBI maintained the growth forecast for the current fiscal at 7.4 per cent.

Infrastructure companies need to work on innovative instrument to attract global funds: Suresh Prabhu:
1.Stating that there is no dearth of funds, Commerce and Industry Minister Suresh Prabhu Friday said there is a need to work on innovative instrument and structure to attract global money for investment in infrastructure sector.
2.Speaking on the occasion, Niti Aayog CEO Amitabh Kant said there is need of long term lending for the development of infra projects which cannot come from commercial banks.
3.Meanwhile, Crisil in its report highlighted that a material ramp-up in government spending in the past few years has meant the share of private investments in infrastructure has fallen to a decadal low of around 25 per cent in fiscal 2018.

President of India to Visit Uttar Pradesh Tomorrow:
1.President of India to Visit Uttar Pradesh Tomorrow The President of India, Shri Ram Nath Kovind, will visit Uttar Pradesh (Kanpur and Lucknow) tomorrow (October 6, 2018).
2.In Kanpur, the President will grace the International Conference on Women’s Health, Wellness and Empowerment organised by the Federation of Obstetric and Gynaecological Societies of India and the Kanpur Obstetric and Gynaecological Society.
3.He will also address a seminar organised by the Talent Development Council, Kanpur, and unveil the statue of the late freedom fighter Shri Shyamlal Parshad.

GI Tag for Alphonso Mango from Konkan:
1.GI products can benefit the rural economy in remote areas, by supplementing the incomes of artisans, farmers, weavers and craftsmen.
2.He emphasised that it’s an area of strength and optimism for India, whereby GI tag has given protection to a large number of hand-made and manufactured products, especially in the informal sector.
3.The king of mangoes, Alphonso, better known as ‘Hapus’ in Maharashtra, is in demand in domestic and international markets not only for its taste but also for pleasant fragrance and vibrant colour.

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