Daily Newspaper article’s summary 2018-11-01

Daily Newspaper article’s summary 2018-11-01

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

Ending impunity: on Hashimpura massacre:
1.By sentencing the 16 men to imprisonment for the remainder of their life, the Delhi High Court has signalled an end to the impunity they had seemingly enjoyed all along due to systemic delays and perfunctory investigation.
2.An hour after sunset on May 22, 1987, about 45 men from Hashimpura village near Meerut in Uttar Pradesh were abducted in a PAC truck, most of them shot and their bodies thrown into two canals.
3.The C-Company’s registers, with records of the movement of PAC vehicles and the deployment of personnel, provided the evidence to pinpoint both the truck that had left the Police Lines, Meerut, and its occupants.

Age of Bolsonaro: on Brazil’s newly elected President:
1.That this campaign promise resonated more with Brazilian voters than they were put off by Mr. Bolsonaro’s dangerously regressive outbursts and polarising verbal attacks denigrating women and minorities, supporting torture, and threatening opponents with violence, says much about the mood of the nation today.
2.To comprehend this outcome and the path on which Brazil has put itself in electing Mr. Bolsonaro, it is important to remember the legacy of former President Luiz Inácio Lula da Silva, and his leftist Workers’ Party.
3.Mr. Bolsonaro brings to high office the promise to reduce regulation and tax and boost investor confidence, and also the threat to more extensively exploit Brazil’s vast natural resources, including the Amazon rainforest; he has proposed to build a highway through it.

A clear purpose:
1.Thinking recently about what the purpose of basic journalism should be, I constantly return to this principle — the interpretation of facts.
2.There is no simple way through all this, but it is surely the case that the public, the readers of the newspapers, expect the journalists to keep up to date with changing information and present it analytically, in a way that leads to greater understanding.
3.The writer is an Emeritus Fellow and former vice president of Wolfson College, Cambridge University

What’s crowding out effect in Economics:
1.This refers to a phenomenon where increased borrowing by the government to meet its spending needs causes a decrease in the quantity of funds that is available to meet the investment needs of the private sector.
2.Some have argued that the diversion of investment funds away from the private sector adversely affects economic growth.
3.Others, however, believe that government spending does not always lead to a crowding out of private investment in the economy.

Strategies for autonomy:
1.The scope of Open Embrace , writes Varghese K. George, Associate Editor of The Hindu , in the introduction, is to explore how U.S. President Donald Trump and Prime Minister Narendra Modi, both driven by notions of nationalism, are reshaping the U.S. and India, respectively, and the impact of that process on their external ties.
2.While Indian foreign policy has evolved over the decades, what has not changed is the concept of strategic autonomy, which is that India would not join any military alliance, would always keep its choices open and would choose what is good for it depending on the situation at a particular moment.
3.For instance, a new plane for the travel of India’s Prime Minister, being negotiated between India and American manufacturer Boeing, will come without a lot of advanced communication equipment unless both countries manage to conclude a treaty that governs its use.

Support for lives on the move:
1.Most jobs in the urban informal sector pay poorly and involve self-employed workers who turn to petty production because of their inability to find wage labour.
2.Migrants belonging to lower castes and tribes have also brought in enough income to improve the economic condition of their households in rural areas and lift them out of poverty.
3.Interventions targeting short-term migrants also need to recognise the fact that short-term migration to urban areas and its role in improving rural livelihoods is an ongoing part of a long-term economic strategy of the households.

Tussle for power: what’s the RBI-government stand-off?:
1.Slammed for poor regulation following the fraud at Punjab National Bank, RBI Governor Urjit Patel told a parliamentary panel in June that it does not have enough powers over PSBs.
2.The Centre sees the prompt corrective action (PCA) framework by the RBI, which restricts weak banks from lending, as contributing to the liquidity crisis.
3.It also wanted special dispensation by the RBI to help non-banking finance companies (NBFCs) apart from relaxed norms for lending to micro, small and medium enterprises.

Mapping Brazil’s far-right shift:
1.The third pillar refers not only to the military and the police — both of which saw Mr. Bolsonaro as their champion — but also to sections of the middle class who have been angered by rising crime rates (175 people killed per day in 2017).
2.Analysts began to use words such as ‘pragmatic’ and ‘reasonable’ to define Mr. Bolsonaro, meaning that he will favour the business community over the millions of Brazilians who are slowly slipping back into extreme poverty.
3.What this means is that his team had used illegally funded WhatsApp groups very cleverly to spread fake news stories (such as that his opponents in the Workers’ Party were indoctrinating children on sex).

Adrift on stormy seas:
1.Annadurai — metastasised into something quite ugly by the turn of the century: leaders who ruled their parties with an iron fist and built up personality cults around themselves and their closest circles, but who also inflicted an enormous cost on the State by engaging in grand larceny, an unhinged loot on the resources of Tamil Nadu through extortion, bribe-taking, thuggery and corporate malfeasance.
2.There are some who argue that the antidote to this crisis of runaway corruption could be the kind of “good governance” reforms that Prime Minister Narendra Modi has introduced at a national level, including a purported crackdown on bureaucratic inefficiency, the Goods and Services Tax, and macroeconomic shock-therapy policies such as demonetisation.
3.Thus, notwithstanding the gradual creep of saffron politics in Tamil Nadu — notable here are rising incidents of communal clashes, generally a rarity in the State — the hegemonic influence of regional parties, which began in 1967, abides.

India may impose anti-dumping duty on a chinese chemical:
1.NEW DELHI: India may impose anti-dumping duty of up to USD 207.72 per tonne for a period of five years on a Chinese chemical used in the detergent industry to guard domestic manufacturers from cheap imports from the neighbouring country.
2.”The authority recommends imposition of anti-dumping duty for a period of five years, so as to address the injury to the domestic industry,” the DGTR said in a notification.
3.As a counter measure, they impose duties under the multilateral regime of World Trade organisation (WTO).

Ease of doing biz ranking: Important to reach top-25 in 3 yrs, says Amitabh Kant:
1.Niti Aayog CEO Amitabh Kant Thursday expressed hope that India can figure in top-25 nations in the World Bank Ease of Doing Business ranking in next three years.
2.It is very important to reach within top 25 in 3 years,” Kant said on the sidelines of an event in the capital.
3.The ranking comes as a shot in the arm for the government which faces strong dissenting voices from opposition parties ahead of the general elections next year.

Ministry of Railways rolls out All-India Unreserved Mobile Ticketing facility (UTS on Mobile):
1.The process of ticket booking involves downloading the application and registration by furnishing the requisite details.
2.Paytm, Mobikwik and Freecharge, in line with Government’s directives to promote all digital modes of payments.
3.The daily average number of passengers booking tickets through this app has increased from approximately 5400 in year 2015 to 4.70 lakh in October, 2018.

Exchange Rate of Foreign Currency Relating to Imported and Export Goods Notified:
1.Exchange Rate of Foreign Currency Relating to Imported and Export Goods Notified In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), and in super-session of the Notification of the Central Board of Indirect Taxes and Customs (CBIC) No.87/2018-CUSTOMS (N.T.
2.), dated 18 th October, 2018 except as respects things done or omitted to be done before such super-session, the Central Board of Indirect Taxes and Customs (CBIC) hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 2 nd November, 2018, be the rate mentioned against it in the corresponding entry in Column (3) thereof, for the purpose of the said section, relating to Imported and Export Goods.
3.Rate of exchange of one unit of foreign currency equivalent to Indian rupees

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