Daily Newspaper article’s summary 2018-10-07
Summary of Newspaper artciles from ‘The Hindu’, ‘Economic Times’ and PIB
ARISE IAS: Demystifying UPSC IAS exams
Augmenting life — on Nobel Prize 2018:
1.The other half went to George P. Smith, also of the U.S., and Sir Gregory P. Winter, from the U.K., who evolved antibodies to combat autoimmune diseases and even metastatic cancer through a process called phage display.
2.The Physiology and Medicine prize has gone to the American James P. Allison and Tasuku Honjo , from Japan, for showing how different strategies can inhibit the metaphorical ‘brakes’ acting on the immune system and thereby unleash the system’s power on cancer cells to curb their proliferation.
3.Gérard Mourou, from France, and Donna Strickland, from Canada, who share the other half of the Physics prize, have been honoured for their methods to generate ultra-short pulses of laser light.
Focus on inflation — on RBI interest rate:
1.What is obvious is that, through its surprise decision, the RBI has chosen to stick to its primary mandate of keeping domestic inflation just around 4%, notwithstanding other risks facing the economy.
2.For now, the RBI seems to prefer piecemeal measures, such as easing foreign investment norms and mild intervention in the forex market, to address the financial risks posed by the weakening rupee.
3.Bond yields have been on a steady rise since last year as investors have been spooked by fears over the fiscal deficit and the shift in global interest rates.
Happy squirrel days in a London October:
1.Those heavy breakfasts you’ve been avoiding since May now make sense again and it’s possible to justify some variation of the infamous ‘Full English’: eggs of your choice, bacon, sausages, grilled tomatoes and mushrooms, hash browns, black pudding (for those who don’t know, these are delicious biscuits made from pork blood, beef suet and oats or barley), and if you’re really feeling gluttonous this line-up can be followed by the appended ‘American’ of pancakes and maple syrup; coffee, of course (or tea if you must), and juice of some sort; all extremely unhealthy and satisfying.
2.Onions also come into their own, garlic changes from its winger role in the summer dishes to become part of the central strike prong, recipes for meat, chicken and vegetable stocks, left dormant in the hot days, are now awakened to add to the soups, stews and gravies for the roasts.
3.But, in a way that we who live in tropical climates have no habit of doing, the people in the cold places are going into what I call ‘happy squirrel’ mode, stocking up for winter, starting up their huge AGA ovens that both cook the food and heat the houses, pulling out their woollens, keeping one eye on the football while stirring the first thick soup of the season.
The politics of populism:
1.But the real reason was possibly because of the second impact of keeping taxes high on fuel — a windfall gain in revenues for the Centre, easing the pressure on the deficit and allowing the government to spend more.
2.So, counter-intuitive as it may seem, breaking the ‘rules’ — of fiscal prudence, trying to keep the currency ‘strong’ and so on — at a time of great economic hardship for the common man may actually turn out to be a productive poll ploy.
3.While the media and analysts may point to the ₹3.3 lakh crore of investor wealth eroded on just one day (October 4), but Modi can turn around and say, “But I saved you ₹5 on every litre, so what if the rich lost some money?”
How to review, and why:
1.In the introduction to her collection of essays, literary criticism and commentary, See What Can Be Done , the American novelist and short story writer Lorrie Moore recounts the horror of once meeting somebody who told her that there was “a well-known list of six things a book review must always do”.
2.To convey just how dismal the effect of this critical flattening was, she wrote that the publishers of Vladimir Nabokov’s Lolita actually quoted bad reviews to get readers interested.
3.What use, Miller suggested in a powerful comment on the Internet age of multimedia, would it be to readers to be swamped by harsh critiques of books they were not likely to have considered reading in any case?
Sea battles on land:
1.Thanks to our fondness (at least since the poet Arthur Rimbaud) for artists with a sprinkling of genius who die young, Buckley’s version of ‘Hallelujah’ broke into popular consciousness with the force of a mid-life romance.
2.To fill this newborn with a life-giving force requires the continual work by many, the repeated cleansing and scrubbing by different minds, so that the underlying art eventually froths outwards, like butter from the milk of everyday living.
3.In this particular essay, he writes to a reader who asked him about how to interpret Kafka’s novels: “This business of ‘interpretation’ is an intellectual game, a pretty enough game, suitable for people who are smart but who are strangers to art, who can read and write books about Negro sculpture or the twelve-tone scale but never find their way to the inside of a work of art because they stand at the gate fiddling at it with a hundred keys and never notice that the gate, in fact, is open.”
In a State of flux:
1.The State carries weight politically for the largest number of parliamentary (80) and Legislative Assembly (404, including one for a member of the Anglo-Indian community) seats in the country and for having given India eight of its Prime Ministers, beginning from the first, Jawaharlal Nehru.
2.There exists significant internal variation of urbanisation, productivity, incidence of poverty and demography in the four regions that form the State – namely, Pashchim Pradesh (west and northwest U.P.
3.Also, sooner or later the emotional appeal of Hindu unity and nationhood will wear off and the demands for affordable education, healthcare, and jobs might make people look for political alternatives.
India’s coal import rises 35% to 21.1 million tonnes in September:
1.The rise in imports comes at a time when the captive power plants in the country are grappling with the issue of coal shortages.
2.This, accompanied by a correction in thermal coal prices in the global market, has led to higher imports in September.
3.After meeting the requirement of power plants, “CPSUs like RINL, Nalco and SAIL (RSP) are to be loaded till the crisis is over”, the letter had said.
348 infra projects show cost overruns of over Rs 3 lakh crore:
1.The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above.
2.For 650 projects, neither the year of commissioning nor the tentative gestation period has been reported.
3.The report attributes the time overrun to a host of issues, including delay in land acquisition , forest clearance , supply of equipment, fund constraint, Maoist incursion, legal cases and law and order situation.
PM addresses Destination Uttarakhand: Investors’ Summit 2018:
1.The Prime Minister, Shri Narendra Modi, today addressed Destination Uttarakhand: Investors’ Summit 2018, in Dehradun.
2.The Prime Minister also mentioned the progress made in the aviation sector, and in providing housing, power, clean fuel, health and banking services to the people.
3.The Prime Minister spoke of initiatives being taken in the food processing and renewable energy sectors.
Air Force Day Parade 2018:
1.On this day, all men and women of IAF pay rich tribute to the untiring efforts and supreme sacrifice made by veterans, who laid a strong foundation for the service.
2.To mark the occasion and in keeping up with the tradition, IAF has planned a grand Parade cum Investiture Ceremony at Air Force Station Hindan (Ghaziabad).
3.After the parade, all visitors will also get an opportunity to witness static display of aircraft, weapon, radar and missiles systems of the Indian Air Force.
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