Daily Newspaper article’s summary 2018-11-09

Daily Newspaper article’s summary 2018-11-09

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

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Straws in the wind: on Congress-JD(S) combine in Karnataka:
1.By winning two of the three Lok Sabha constituencies and both the Assembly seats for which byelections were held in Karnataka , the Congress-Janata Dal (Secular) combine has demonstrated the power of alliance arithmetic.
2.The results have demonstrated that all apprehensions about how well this partnership was working at the ground level were possibly exaggerated; the Congress high command will now be better placed to put pressure on the State unit to cooperate and strategise with its ally in the months ahead.
3.But the scattered byelection successes, Karnataka being the latest, will strengthen those in the Congress who favour an accommodative strategy, one that attempts to build locally resonant alliances and provides adequate political space for partners, to throw an effective challenge in 2019.
www.thehindu.com/opinion/editorial/straws-in-the-wind/article25447190.ece

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Political economics: credit stimulus for MSMEs:
1.Among the many sops doled out under the new scheme, Prime Minister Narendra Modi has promised the sanction of business loans of up to ₹1 crore within a time frame of 59 minutes, in order to encourage faster credit flow to MSMEs.
2.It is worth noting that MSMEs, which account for 30% of India’s gross domestic product (GDP), were hit hard by the twin shocks of demonetisation and the implementation of the Goods and Services Tax over the last couple of years.
3.Further, in the aftermath of the IL&FS crisis, which has affected the amount of lending done by non-banking financial companies to the MSME sector, the government would be looking at the scheme as a tool to improve credit flow and the pace of job creation in the economy.
www.thehindu.com/opinion/editorial/political-economics/article25447207.ece

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2018 Assembly polls: the semi-finals for 2019?:
1.First, the Assembly polls in Madhya Pradesh, Chhattisgarh, Rajasthan, Telangana and Mizoram are unique electoral contests that do not represent the diversity of political competition found in the rest of the country.
2.These Assembly polls could be a trailer for the eventual movie, provided we do a careful reading of the final outcome of these elections, away from the shrill headlines and political rhetoric that dominate TV screens on the day of counting.
3.The more likely scenario of the BJP facing a rout in Rajasthan and suffering a significant drop in votes in the other two States would show that the party is vulnerable in its quest for return to national power.
www.thehindu.com/opinion/op-ed/2018-assembly-polls-the-semi-finals-for-2019/article25447711.ece

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2018 Assembly polls: the semi-finals for 2019?:
1.First, the Assembly polls in Madhya Pradesh, Chhattisgarh, Rajasthan, Telangana and Mizoram are unique electoral contests that do not represent the diversity of political competition found in the rest of the country.
2.These Assembly polls could be a trailer for the eventual movie, provided we do a careful reading of the final outcome of these elections, away from the shrill headlines and political rhetoric that dominate TV screens on the day of counting.
3.The more likely scenario of the BJP facing a rout in Rajasthan and suffering a significant drop in votes in the other two States would show that the party is vulnerable in its quest for return to national power.
www.thehindu.com/opinion/op-ed/2018-assembly-polls-the-semi-finals-for-2019/article25446686.ece

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What next after #MeToo?:
1.Moreover, while public opinion has reduced culpability to a binary concept, it is important to define graduated norms of unacceptable behaviour, including associated levels of criminalisation and punitive consequences.
2.It is true that conviction rates under legal processes are extremely low but surely even conceptually, we don’t want to send people to jail for telling crude jokes.
3.Institutionally too, it is important to expand the discourse to talk about the measures required to create more gender-neutral spaces while retaining room for graduated levels of punishment.
www.thehindu.com/opinion/op-ed/what-next-after-metoo/article25447020.ece

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A sacrifice remembered: on India’s role in World War I:
1.Darwan Singh Negi won one of the first Victoria Crosses, fighting to retake British trenches from the enemy although he had been seriously wounded in the head and the arm.
2.In the U.K., the Foreign Affairs Committee, which I chair, is already looking into the way we should renew our relationship with India: remembering our shared past but focussing on our future.
3.I hope the honest conversation sparked by this project, and our joint commemoration of the 100th anniversary of the armistice this weekend, will open a new era.
www.thehindu.com/opinion/op-ed/a-sacrifice-remembered/article25446496.ece

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In business, what is trade spending?:
1.This refers to any spending made by companies in order to promote their products among buyers in a retail store.
2.Naturally, consumer goods companies are the ones that allocate a significant share of their overall budget for the cause of trade spending.
3.Supporters of trade spending, however, believe that it offers an opportunity for any company with a promising product to increase its visibility.
www.thehindu.com/opinion/op-ed/in-business-what-is-trade-spending/article25446580.ece

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Independence and accountability: on RBI:
1.Once we are aware of how central bank independence was first sought to be understood and of the agreement between the RBI and the Government of India in 2015, it is not difficult to separate the grain from the husk in the public spat between the two playing out in the media.
2.The issues of contention happen to be the corrective action to be taken for stressed banks, the prudential norms to be adopted by financial institutions, the easing of liquidity and the sharing of the surplus generated by the RBI.
3.The rising current account deficit, the slow growth of employment and the disappointing performance of manufacturing, the sector most closely affected by high interest rates, should prompt us to review how monetary policy is conducted in India.
www.thehindu.com/opinion/lead/independence-and-accountability/article25447114.ece

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India examining details of exemptions on buying Iranian oil:
1.India is examining the details of exemptions given to the country by the United States that will allow it to continue to buy Iranian crude oil , a foreign ministry spokesman said on Friday.
2.The United States on Monday re-imposed sanctions against Iran’s oil exports to punish Tehran for its involvement in several Middle Eastern conflicts.
3.”We appreciate the U.S. government has taken into account our need for energy security,” said Raveesh Kumar.
economictimes.indiatimes.com/news/economy/foreign-trade/india-examining-details-of-exemptions-on-buying-iranian-oil/articleshow/66556293.cms

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Reservoir levels in Gujarat, Maharashtra 13% lower than the decade’s average: CWC:
1.There are six reservoirs under CWC monitoring having total live storage capacity of 18.01 BCM.
2.The Eastern region includes States of Jharkhand, Odisha, West Bengal and Tripura.
3.States having lesser storage than last year for corresponding period are Jharkhand, Odisha, West Bengal, Tripura, Gujarat and Maharashtra, AP&TG (Two combined projects in both states), Andhra Pradesh and Telangana.
economictimes.indiatimes.com/news/economy/agriculture/reservoir-levels-in-gujarat-maharashtra-13-lower-than-the-decades-average-cwc/articleshow/66555077.cms

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Dedication Ceremony on 09 Nov 18:
1.Marking a major milestone towards capacity building and capability enhancement of the Indian Army, Smt Nirmala Sitharaman, Honorable Defence Minister, today dedicated the globally combat proven M777 A2 Ultra Light Howitzers, K-9 Vajra-Tracked Self Propelled Guns and 6×6 Filed Artillery Tractors to the service of the Nation.
2.Ceremony to dedicate was held at Devlali Field Firing Ranges and was attended by Honorable Raksha Rajya Mantri, Dr Subhash Ram Rao Bhamre, General Bipin Rawat, Chief of the Army Staff, senior serving officers of the Indian Army & Ministry of Defence, representative of manufacturing industries as also dignitaries from the governments of USA and South Korea.
3.The first ten K9 Vajra 155mm/52 calibre guns have been imported from Hanwha Techwin of South Korea in semi knocked down state and have been assembled by L&T in India.
pib.nic.in/newsite/PrintRelease.aspx?relid=184663

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Demand for Domestic Iron and Steel Products Witnesses Substantial Growth:
1.Demand for Domestic Iron and Steel Products Witnesses Substantial Growth Boost for Make in India Initiative
2.Ministry of Railways, ONGC, GAIL, EIL and HPCL have placed orders with domestic iron and steel manufactures for various categories of rails, pipe and tubes.
3.Efforts are also being made to on-board sectors like Defence and CPWD so that use of steel products manufactured in India grows.
pib.nic.in/newsite/PrintRelease.aspx?relid=184662

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