Daily Newspaper article’s summary 2018-10-30

Daily Newspaper article’s summary 2018-10-30

Summary of Newspaper artciles from ‘The Hindu’, ‘Economic Times’ and PIB
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Stop the war: on Saudi-led attack and ‘pre-famine’ conditions in Yemen:
1.While Saudi Arabia is struggling to salvage its image in the aftermath of the murder of journalist Jamal Khashoggi inside its consulate in Istanbul, another human rights crisis triggered by its actions confronts the kingdom.
2.Despite mounting criticism of his handling of the attack on one of the poorest Arab countries, Saudi Crown Prince Mohammed bin Salman, the main architect of the war, has evaded international pressure to cease hostilities.
3.For the sake of legitimacy, the Saudis claimed they were fighting on behalf of the globally recognised government of Yemen, led by President Abdrabbuh Mansour Hadi who is reported to be residing in Riyadh.

Time to talk: on Centre-RBI differences:
1.The simmering tensions over the last few months between the Reserve Bank of India and the Centre found spectacular release over the weekend through a public speech by Deputy Governor Viral Acharya .
2.“Governments that do not respect central bank independence,” said Mr. Acharya, “will sooner or later incur the wrath of financial markets, ignite economic fire, and come to rue the day they undermined an important regulatory institution.” These are very strong words and raise the question: why?
3.These are issues that could be easily addressed by sitting around a table, but the fact that they haven’t done so points to a complete breakdown of communication between the RBI and the government, something that bankers have been privately acknowledging for some time now.

The everyday hazards of being in the field:
1.The code was simple: as we waded into the crowds of men at political rallies, we held on to each other’s hands and made our way to the front, warning each other to avoid areas where people were particularly rowdy.
2.As tearful reporters told their stories, of being touched and jeered at by male ‘protesters’, I wondered what it would take to change our society — even a brutal gang rape was not enough clearly.
3.As the #MeTooIndia movement gathers steam, hopefully greater awareness of these issues will see professionals from all genders come together to ensure that the next generation is safe from the humiliation of such harassment as well.

Who pays taxes and who doesn’t:
1.Clearly, the Income Declaration Scheme of 2016 and other official measures announced to stem tax evasion by the rich have failed to achieve the desired results.
2.This suggests that the tax base has not deepened among professionals such as lawyers, doctors, accountants and those running private educational institutes, who continue to under-report their income.
3.These provisions are widely misused by corporates by claiming bogus expenses, to artificially reduce their profit and hence their tax liability.

The Telangana gamble:
1.Telangana, India’s youngest State, was to hold Assembly elections next year, but Chief Minister K. Chandrasekhar Rao decided to call for early polls .
2.While Mr. Rao may offer his own explanations to voters, the dominant view is that he advanced it as he wanted to avoid holding polls along with the 2019 Lok Sabha elections, which will largely be contested in the name of Narendra Modi.
3.Congress leader and the then Chief Minister of Haryana, Bhupinder Singh Hooda, also called for an early election in 2009 and managed to return to power, but with a reduced majority.

Facebook leaks redux:
1.In general, citizen-consumers have had to choose between two equally unsatisfactory options: either resign themselves to a post-privacy world or be perpetually scrambling to reskill themselves in order to be able to safely navigate the complicated and ever-evolving (mine)field of data privacy and safety.
2.Facebook faces a potential penalty of €20 million or 4% of its global revenue (whichever is higher) if the EU regulator investigating the data breach finds a GDPR violation in connection with the incident.
3.If data security for ordinary users is to become something more than a seminar topic, then an equitable regulatory regime such as the GDPR must become the universal norm, in force beyond the EU jurisdiction as well.

The great game in West Asia:
1.Turkish apprehension has been amplified by the clear signal sent by U.S. President Donald Trump over the last two years (which included making Riyadh the destination of his first foreign trip) that Saudi Arabia had become the kingpin of America’s policy toward West Asia.
2.Saudi Arabia imposed a blockade on Qatar in 2017, principally to punish it for its cordial relationship with Iran, with which it shares the world’s largest natural gas field.
3.However, recent moves amounting to a rapprochement among Ankara, Moscow and Tehran indicate that a modus vivendi has been worked out between Iran and Turkey on defining their spheres of influence in Syria.

From uncertainty to crisis:
1.An argument put forward on behalf of the President is that when the United People’s Freedom Alliance, which was a partner in the so-called unity government, informed the Speaker last Friday that it was leaving the ruling coalition, the cabinet automatically stood dissolved, thereby creating a vacancy for the office of the PM.
2.Ranged against this formidable combine that has been consolidating its grip on state power and institutions since Friday, are Mr. Wickremesinghe and the UNP who have only limited options — testing his floor strength, bringing a motion against Mr. Rajapaksa, and political defiance.
3.If the UNP does so, the Supreme Court, which has been on a path to regaining its institutional independence and autonomy, will be called upon to adjudicate over a very sensitive power struggle among top politicians.

ICAI fast-tracks pending cases for enquiry:
1.NEW DELHI: In order to decrease pendency, the Institute of Chartered Accountants of India (ICAI) has constituted one more bench of board of discipline to fast track all pending cases for enquiry, a senior official said.
2.”During the current year, one more bench of the board of discipline was constituted so as to fast track all pending cases for enquiry and dispose off cases at Prima facie stage,” ICAI president Naveen Gupta told reporters Monday.
3.Giving details, he noted that during 2014-15, a total of 185 cases were executed under disciplinary directorate of ICAI .

Morgan Stanley: RBI-government spat shows central bank’s independence:
1.MUMBAI: American brokerage Morgan Stanley Tuesday said the Reserve Bank is more independent than it was in the past and the debate triggered by deputy governor Viral Acharya last week illustrates the progress on this front.
2.Desai said both present Governor Urjit Patel and his predecessor Raghuram Rajan got the issue of independence sorted out with Prime Minister Narendra Modi, when the Monetary Policy Committee for rate setting was formed.
3.”Governments that do not respect central bank independence will sooner or later incur the wrath of financial markets, ignite economic fire, and come to rue the day they undermined an important regulatory institution,” Acharya had said delivering a lecture here.

INS Tarangini returns after Vogage across the World:
1.The ship was received by Rear Admiral RJ Nadkarni, VSM, Chief of Staff, Southern Naval Command.
2.As well as the ‘Tall Ships Races Europe 2018’ which started at Sunderland, UK and touched Esbjerg, Denmark and Stavanger, Norway before finishing at Harlingen, Netherlands.
3.Over the years, INS Tarangini has been extensively deployed for long voyages away from her base port of Kochi, which includes one circumnavigation of the globe (2003-04) and three previous ‘Lokayans’ (2005, 2007 and 2015).

DoNER Minister Dr Jitendra Singh lays foundation stone of ‘Technology Facility Center’ at Jorhat, Assam:
1.DoNER Minister Dr Jitendra Singh lays foundation stone of ‘Technology Facility Center’ at Jorhat, Assam In another landmark initiative for the Northeast, the Union Minister of State (Independent Charge) Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Dr Jitendra Singh laid the foundation stone of new Science Centre, the “Technology Facility Centre” (TFC) in the premises of the CSIR-North East Institute of Science & Technology (NEIST) in Jorhat, Assam, yesterday.
2.The Ministry of Development of North Eastern Region (DoNER) will bear the cost of setting up of this new Science Centre and has, to begin with, allocated Rs.40 crore for its construction.
3.Speaking on the occasion, Dr Jitendra Singh said that Northeast has vast scientific reserves waiting to be explored and he was happy that the Ministry of DoNER had come forward to help the Department of Science & Technology (S&T) and CSIR to institutionalise the technical applications for promoting research as well as job creation.

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