Daily Newspaper article’s summary 2018-10-16
Summary of Newspaper artciles from ‘The Hindu’, ‘Economic Times’ and PIB
ARISE IAS: Demystifying UPSC IAS exams
The Bhutan vote:
1.The vertical split doesn’t just denote a development divide, it points to a feeling of discontent in a country generally known as a whole for its Gross National Happiness quotient.
2.Regardless of which party wins on Thursday, India-Bhutan ties are expected to be accorded their customary priority by New Delhi and Thimphu, given that Bhutan’s monarch, Jigme Khesar Namgyel Wangchuck, retains a considerable influence over the nation’s foreign policy.
3.This year marks the 50th anniversary of formal relations between India and Bhutan, built on cultural ties, mutual strategic interests, and India’s role in building roads and assisting in hydropower projects that became the mainstay of the Bhutanese economy.
Not just liquidity:
1.But apart from the obvious failure of regulators to do their jobs, the IL&FS saga has also exposed the underlying weaknesses in the non-banking financial company (NBFC) sector as a whole which has depended heavily on low-cost, short-term debt financing to sustain its shaky business model.
2.Both these factors have combined to put an end to the dream run of NBFCs, which have enjoyed high valuations amidst rapidly growing profits over the last few years.
3.It is worth noting that the rise of NBFCs was fuelled primarily by the demise of traditional banks which have been unable to lend as they were bogged down by non-performing loans.
Taking #MeToo to the subaltern:
1.But, as a hashtag, #MeToo became an online movement last year when American actor Alyssa Milano expressed support for her friend Rose McGowan’s allegations against Harvey Weinstein.
2.#MeToo succeeded in that because the elites of showbiz, media and academia recognised the grass-roots work done by lower-class women of colour and the movement engendered solidarity across race and class lines.
3.The stuff of true solidarity should be everyone recognising the pain, struggle and resilience of women who are Dalit, Adivasi, Muslim, disabled, queer, poor and non-English speaking, and saying #HerToo.
1.This refers to the practice of offering money or other forms of gifts to media broadcasters in order to promote certain content over others.
2.Payola, which is most popular in the radio industry, has been criticised by many as a form of corruption and is considered to be illegal in most countries.
3.Others, however, have supported it as a genuine business practice that helps in the promotion of content that is more likely to satisfy the tastes of consumers.
Hamstringing the RTI Act:
1.It showed an early promise by exposing wrongdoings at high places, such as in the organisation of the Commonwealth Games, and the allocation of 2G spectrum and coal blocks.
2.However, the Justice Srikrishna Committee has proposed an amendment that would broaden the definition of ‘harm’, restricting disclosure of personal information even where it may be clearly linked to some public activity.
3.In one case, the CIC had to direct the disclosure of the list of private persons who travelled with the Prime Minister, at government expense, during his foreign visits.
Falling short on most counts:
1.For Obamacare, the U.S. budgetary provision through an excise tax was $16.3 billion in the fiscal year 2015 (₹97,800 crore if we convert it at a conservative exchange rate of ₹60 to one dollar).
2.The experience of RSBY shows evidence to the contrary — there has been an increase in hospitalisation in private hospitals and, as a result, the expenditure not covered under the scheme has risen.
3.This rise could be controlled by a simultaneous increase in public medical services but going by the current commitments of the government, the funding allocated is a minuscule ₹80,000 per health centre.
Castles in the air:
1.The Nobel Memorial Prize in Economic Sciences awarded jointly to William D. Nordhaus and Paul M. Romer for their respective contributions in integrating climate change and technological innovation into macroeconomic analysis is interesting.
2.Mr. Romer, who was till recently the chief economist of the World Bank, has gone beyond the realm of theory and become a man of action in attempting to implement some of his economic ideas on the ground.
3.Nevertheless, an editorial in a leading Indian business daily urged the Narendra Modi government to take the idea seriously and drew parallels with the Presidency Towns of British India.
Decoding the Rafale controversy:
1.The controversy over Prime Minister Narendra Modi’s decision to go in for an outright purchase of 36 Rafale fighter jet aircraft, after scrapping the old negotiations, is unlikely to die down.
2.Last week, a bench of the Supreme Court, headed by the Chief Justice of India, Ranjan Gogoi, sought details of the ‘decision making process’ before the next hearing on October 31.
3.Of course, the Congress claims that it was negotiating on the basis of a price per aircraft of ₹526 crore but omits to mention what this related to or the exchange rate.
India needs strong, decisive govt to take swift decision, maintain high growth: Arun Jaitley:
1.Outlining the challenges for India, Jaitley said being a net buyer of oil, a rise in global crude prices adversely impacts the country and hence the economy has to be resilient to deal with it.
2.Debt-ridden IL&FS and its group companies have defaulted on loan repayments, following which the government superseded its Board by appointing eminent banker Uday Kotak as its Chairman.
3.Talking about the political challenges facing the country, Jaitley said these are thrown up by unstable coalition and aspiring politicians, who want to acquire the top place.
India’s edible oil imports down 2% in September: SEA:
1.In last one year, edible oil prices have dipped up to 11 to 25 per cent in international market due to excess supply and reduced demand from India.
2.India’s total demand for edible oils during 2017-18 is estimated at 230 lakh tons.
3.Stock has increased due to larger import of palm products during August & Sept., 2018.
Shri Pradhan says strong linkage between agriculture and entrepreneurship will benefit the society:
1.The conclave brought together entrepreneurs, investors, policymakers,scientists, farmers, technology developers to create desired awareness and help build a robust entrepreneurial ecosystem, particularly in the Agriculture sector.
2.Innovative products coming out of technological research in agriculture should reach the markets and should achieve scale to benefit the society.
3.Press Information Bureau Government of IndiaMinistry of Skill Development and Entrepreneurship16-October-2018 16:55 IST
Union Home Minister asks security forces to be alert as terrorists are adopting new tactics:
1.The Union Home Minister Shri Rajnath Singh has called upon the security forces to be on the alert as terrorists are adopting new tactics.
2.He added, “In the last ten years there was no big terrorist attack in the hinterland of the country largely due to the alertness of our security forces.
3.Shri Rajnath Singh said the government is fully supporting the security forces and has taken several measures for their welfare such as in recruitment and promotion of Constables.
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