Daily Newspaper article’s summary 2018-11-06

Daily Newspaper article’s summary 2018-11-06

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

Wilful on defaulters? : on RBI:
1.Citing the apex court’s 2015 order, where the judges had directed the central bank to comply with the provisions of the RTI Act after observing that the “RBI has no legal duty to maximise the benefit of any public sector or private sector bank, and thus there is no relationship of ‘trust’ between them”, Mr. Acharyulu rhetorically asked how the rule of law could be secured if a regulator like the RBI would not “honour” a constitutional institution’s directions.
2.Mr. Acharyulu has justifiably asked the Finance Ministry why it should not explain to the people the action taken, or contemplated, to recover dues from wilful defaulters, who owe banks more than ₹50 crore, and, where warranted, the criminal proceedings initiated.
3.While it is no one’s argument that all large unpaid loans are by-products of mala fide borrowing, the onus is on the RBI and the government to make as clean a breast of it as is legally possible, in order to retain public trust.

The forgotten million: on Indian soldiers in World War I:
1.In France, the centenary celebrations of Armistice Day on November 11 will include the unveiling of the second overseas national war memorial for Indian soldiers, by Vice President M. Venkaiah Naidu.
2.Last month, British Prime Minister Theresa May pledged to wear a khadi poppy in honour of more than 74,000 soldiers from pre-Partition India who fought on the side of the allies and died in battle.
3.Yet far from the ceremonial pomp of officialdom is perhaps the most poignant symbol of how much ordinary Indian men enlisting in the colonial government’s Army gave of their lives to fight the German, Austro-Hungarian and Ottoman Empires: the British Library in London has received 1,000 pages of war-veteran interview transcripts recorded in the 1970s, which include details of the inhumane treatment, including floggings, denial of home leave, and brazenly racial-discriminatory treatment that 1.5 million mostly-illiterate men from northern India faced regularly within the allied forces army.

The long arm of the state:
1.In July, Fan Bingbing, one of China’s most well-known actresses, vanished for three months only to resurface with a statement in which she not only apologised for evading taxes but also underscored her loyalty to the CPC.
2.His reforms included lifting the ban on women driving, reintroducing public entertainment and curbing the power of the unpopular religious police.
3.His ambitious undertaking to wean the country off its dependence on oil income by building a $500 billion futuristic city in the desert was hailed by many, but his political instincts remain as autocratic as his predecessors: he locked up dozens of princes and business figures last year in a luxury hotel on charges of corruption and even detained Lebanese Prime Minister Saad Hariri and allegedly forced him to resign on television.

No respite from poverty for Muslims:
1.The course fee for upper primary education accounts for 8.5% of the yearly per capita spending for Muslims, followed by Hindus (7.4%), Christians (5.4%) and Sikhs (5.03%).
2.For example, the labour force participation rate (LFPR), defined as the number of persons either employed or seeking jobs, is significantly linked to the desire for work, which in turn is dependent upon educational attainment.
3.The signs of Indian Muslims being caught in a vicious circle of poverty are visible in terms of their low consumption expenditure and poor job market indicators, including LFPR, employment status, and worker population ratio.

The other side of Chhattisgarh:
1.Some sights added to these anxieties: Central Reserve Police Force patrolling the highway in columns of ten, some sitting behind foliage engrossed in their phones, anti-mine vehicles parked at intermittent distances, and our cab driver speaking endlessly about Naxalism.
2.As the photographer started clicking photos, she ran into her thatched hut to change into her best outfit: a white saree with orange flowers.
3.The villagers have to walk about 6 km that includes trekking across the forest, crossing over a crystal clear stream and hiking to cast their vote.

What’s in a name?:
1.Despite a change of name in Mughal times, Allahabad never ceased to host Hinduism’s holiest mass congregation, the once-in-12-years Prayag Kumbh Mela.
2.While these name switches make for a long list, we should not get carried away given how, despite several centuries of Islamic political domination of the subcontinent, so few of India’s towns and cities have been renamed.
3.It should be our collective endeavour, therefore, to protect the secularism we still have, by robustly challenging the ongoing effort to alarm and humiliate our country’s largest minority by trivialising the Taj or renaming Allahabad.

In defence of Urjit Patel:
1.The unfolding public falling-out between the Reserve Bank of India (RBI) and the Finance Ministry is post-liberalisation India’s nastiest such rift — that too when the two sparring sides are led by non-aggressive personalities.
2.The disagreements relate to the RBI’s stringent restrictions on government-run banks whose non-performing assets (NPAs) have grown so much, that the only way of preventing risk spilling from them into the whole financial system is to quarantine their lending.
3.The RBI is being blamed for the NPAs crisis — though at the height of public outrage over the Nirav Modi scam, the government dragged its feet on filling the vacancy of the Deputy Governor in charge of bank supervision and inspections.

Preserving the taboo:
1.To reassure its North Atlantic Treaty Organisation (NATO) allies about its nuclear umbrella, the U.S. began deploying Pershing IIs and GLCMs in the U.K., Belgium, Italy and West Germany, setting off a new arms race.
2.To break the stalemate, German Chancellor Helmut Kohl made an announcement that Germany would unilaterally dismantle the Pershing 1s while the U.S.S.R. came up with a double global zero covering both shorter-range and intermediate-range missiles.
3.The U.S. agreed, Europe breathed a sigh of relief and the INF was hailed as a great disarmament treaty even though no nuclear warheads were dismantled and similar range air-launched and sea-launched missiles were not constrained.

India voices concern to China over large trade deficit:
1.”The Commerce Secretary while expressing concern regarding the large trade deficit, acknowledged Chinese government’s efforts in clearing some of the market access issues such as for rice, rapeseed meal etc.
2.New Delhi has been putting pressure on Beijing to take measures to bring down the over USD 51.75 billion trade deficit, which was one of the main focus areas of the informal summit between Prime Minister Narendra Modi and Chinese President Xi Jinping at Wuhan in April this year.
3.In his meeting with Wang, Wadhawan also informed him about the encouraging response to the business promotion events organised by the Indian Embassy and Consulates covering products like sugar, rice, tea, oil meals etc.

Oil meals export decline in October:
1.This has compelled China to relook its ban imposed for importing of oilmeals from India since 2012.
2.Those units already approved by General Administration of Customs of the People’s Republic of China, GACC ( formely AQSIQ) will able to resume the export of Rapeseed Meal to China once their registration with Chinese Ministry of Agriculture (MoA) is done.
3.In case of resumption of export of Soybean Meal from India to China, may take some time as Chinese GACC team is likely to visit during current month to inspect/approve the units.”

Commerce Secretary pitches for balanced India-China Trade:
1.He also informed Mr. Wang about the encouraging response to the business promotion events organized by the Indian Embassy and Consulates covering products like sugar, rice, tea and oil meals.Dr.
2.Dr. Wadhawan asked for guidance, facilitation, support and assistance to the relevant stakeholders for creating a suitable environment for India’s exports in these sectors to China.
3.MOFCOM thanked India for accepting its invitation to participate in the 1 st CIIE and assured all support for increasing India’s exports to China.

Prime Minister to Inaugurate the Ring Road and Babatpur Airport Road in Varanasi Next Week:
1.There are currently NH projects of total length 2833 km, costing Rs 63,885 crore underway to link Varanasi to other places in Eastern Uttar Pradesh.
2.In a separate event the same day, Prime Minister will also dedicate to the nation an inland waterways terminal on river Ganga in Varanasi.
3.This is the first of the four multi modal terminals being constructed on NW-I ( River Ganga) as part of the World Bank aided Jal Marg Vikas project of the Inland Waterways Authority of India.

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