Daily Newspaper article’s summary 2018-10-09
Summary of Newspaper artciles from ‘The Hindu’, ‘Economic Times’ and PIB
ARISE IAS: Demystifying UPSC IAS exams
1.What makes the contest in Madhya Pradesh, Chhattisgarh and Rajasthan even more interesting is that these will witness a direct fight between the BJP and the Congress, the principal players at the national level.
2.There was no proximate event that could have resulted in a surge of support for his government as was the case when N. Chandrababu Naidu tried to advance the Andhra Pradesh election after surviving a landmine blast in 2003.
3.The timing of the Election Commission’s announcement itself came under political scrutiny with the Congress alleging it was put off by hours to allow Prime Minister Narendra Modi to complete his speech at a rally in Ajmer.
Hard justice: Brett Kavanaugh’s confirmation:
1.The narrow victory of the second successful nominee of President Donald Trump to the highest court came after a furore involving allegations of sexual misconduct levelled by Christine Blasey Ford, a Professor of Psychology.
2.Mr. Kavanaugh now takes the place of retired Justice Anthony Kennedy, a judge seen as a potential swing vote on contentious issues such as marriage equality.
3.Chief Justice John Roberts is also considered by some to be a potential swing vote, as he was in the case that established the legality of former President Barack Obama’s Affordable Care Act.
1.This is in contrast to active management of funds where fund managers try to pick individual stocks that they believe will outperform the broader market and thus earn higher returns.
2.Passive investors believe that since financial markets are efficient, it is impossible for most investors with ordinary investing skills to earn returns higher than the index.
3.So they recommend that the average investor should simply invest money in low-cost index funds.
Arise and a-woke:
1.With millennials entering the workplace and “wokeness” — being vocal against social injustices — seizing a large part of popular narrative, even big corporations are likely to be left with fewer places to hide.
2.Earlier this year, sports good major, Nike, controversially signed on Colin Kaepernick (in picture), the American footballer who was the first to kneel during the U.S. national anthem in protest against police brutality.
3.In India too, corporates would do well to learn this lesson early and proactively promote themselves as virtue warriors, earning the admiration of customers and the interest of potential employees.
Time to avoid idioms that mock disabilities:
1.A microscopic analysis of such words and phrases reveals that they all point to a person, an institution, or a country itself being in an undesirable or disappointing state.
2.While the first one says that among a group of foolish people, even someone with a meagre amount of intelligence is considered clever, the second means that an undeserving person will only think about his own loved ones if he finds something useful.
3.If one gives these idioms a rethink, one finds that the same ideas could have been expressed in a less humiliating manner — but from the way they are used, they end up mocking the disabled through their usage.
Power politics at play:
1.If these transfers are not forthcoming, or late, the cash-starved incumbent supplier will be locked into a cycle of poor quality of service for its customers who have no ‘exit’ option, leading to more bill evasion, and further financial deterioration.
2.There is a compelling rationale for these changes — India has among the highest electricity tariffs for industry, which bears the burden of low-performance and losses among other consumers, impacting their global competitiveness.
3.The gain to generators could come at the cost of customers, who, through the PPAs signed by supply companies, have to ultimately bear the risk of uncertain load growth, prices and migration.
The diaspora and disasters:
1.Haitian-Americans continue to be vital in long-term recovery — as supplies, remittances, sharing human and financial resources, lobbying governments, international organisations and corporations for disaster relief and redevelopment funding, and in facilitating eased travel restrictions’.
2.In Nepal, after the 2015 earthquake, the Non-Resident Nepali Association collected $2.69 million, mobilised over 300 volunteers including doctors and nurses, and pledged to rebuild 1,000 disaster resilient houses.
3.The linking of social capital between diaspora, civil society organisations, advocacy groups and government institutions, although necessary during rehabilitation, is bound to lead to unanticipated and undesirable outcomes.
Indian democracy’s Westphalian moment:
1.The Protestant states of Europe such as the Swedish, Danish and the Dutch fought Rome gallantly for thirty years but the tide turned only when France, though Catholic, joined the war on the Protestants’ side, altering the war’s destiny.
2.Westphalia has its critics who point to the risks of territoriality stemming from geopolitical autonomy, but it has, nonetheless, become a metaphor, a by-word for smaller entities coming together to resist the might of the physically and militarily large, the technologically and financially preponderant and the politically dominant.
3.If in the State Assembly elections that have just been calendared, the Congress shows a “practical accommodation to reality”, then the possibility of the gesture being reciprocated by the regional parties and by India’s Left, never to be discounted either for its ideological voltage or its numerical increment, in 2019 gets enhanced.
Jurisdiction of taxpayer should not hamper GST enforcement action: CBIC:
1.The CBIC has asked tax officials of the Centre as well as state governments to initiate enforcement actions against GST evaders irrespective of jurisdiction with a view to checking revenue leakage.
2.Under the Goods and Services Tax (GST) regime, which was rolled out from July 1, 2017, the taxpayers were assigned to Central and state officials on the basis of annual turnover.
3.”Equally cross-empowering Central and state agencies to initiate enforcement action against a taxpayer irrespective of its jurisdictional authority may be a good decision from the perspective of revenue, however it may lead to multiple layers of bureaucracy hammering ease of doing business,” AMRG & Associates Partner Rajat Mohan said.
163 ultra rich Delhiites have cumulative wealth of Rs 6,78,400 crore: Barclays Hurun:
1.As many as 163 Delhiites featured in the Barclays Hurun India Rich List 2018 and their cumulative wealth stood at a whopping Rs 6,78,400 crore, a report said Tuesday.
2.The list was compiled on the basis of net worth of living Indians as on 31st July, 2018 when the rate of exchange to the US Dollar stood at Rs 68.51.
3.The list was compiled on the basis of net worth of living Indians as on 31st July, 2018 when the rate of exchange to the US Dollar stood at Rs 68.51.
Union Home Minister calls for better coordination and infusing new technology for aviation security:
1.The Union Home Minister Shri Rajnath Singh has called for cooperation among all stakeholders to ensure foolproof aviation security.
2.Advocating global best practices in aviation security, Shri Rajnath Singh said, “We should adhere to stricter implementation of internationally agreed guidelines and norms.
3.Stating that India has witnessed massive expansion in the aviation sector, Shri Rajnath Singh said we have been constantly upgrading our security strategies and ensured its alignment with the changing threat perception.
Seminar on “Environmental issues in Water Resources Projects” organized by CWC:
1.The challenge in the water resources sector is to balance the need for development and environment concerns while ensuring sustainability.” He added, “The dilemma is that there is not much debate over this issue as a result of which many projects are being stalled.
2.During the day-long seminar, the adverse effects of developmental projects in water sector such as displacement of people, submergence of forest and agricultural land, disturbance to biodiversity, flora & fauna , wildlife and e-flow of rivers were raised by several speakers.
3.The organizers and speakers expressed hope that the suggestions and feedbacks from the seminar will help in informed decision making at the policy level.
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