Daily Newspaper article’s summary 2018-11-11

Daily Newspaper article’s summary 2018-11-11

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

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In whose name?: on BJP’s renaming spree:
1.He has not only picked up the pace in changing names of places in his State, but his colleagues in the BJP seem to be going through the atlas to identify cities elsewhere that could be re-designated in a competitive spiral of Hindutva rigour.
2.Presumably reluctant to be left out of this mission to strip historical centres of association with Muslim rulers, Gujarat Deputy Chief Minister Nitin Patel said the State government was willing to rename Ahmedabad as Karnavati.
3.The renaming of Faizabad, in turn, comes at a time when a section of the ruling dispensation is defiantly upping the ante on seeking a Ram temple at the Babri Masjid site in Ayodhya even as the issue is before the Supreme Court.
www.thehindu.com/opinion/editorial/in-whose-name/article25457701.ece

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Beyond criticism?: on ‘Sarkar’ controversy:
1.AIADMK supporters went on a rampage in cinemas that screened the film, and in chorus, State Ministers spoke of legal action against the producers, while decrying scenes critical of populist schemes.
2.Though the courts have repeatedly emphasised this, and come out strongly against street violence being used as an excuse to curtail free expression, producers are frequently forced by the politically powerful to compromise.
3.Though the treatment of such issues often lacks substance or nuance, it has had a way of offending someone or the other, and resulted in orchestrated protests and demands for bans or post-certification cuts.
www.thehindu.com/opinion/editorial/beyond-criticism/article25457688.ece

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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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Cause to remain alert:
1.Despite the recent announcement suggesting that the Jaipur Zika virus strains cannot cause foetal microcephaly, all possible measures to control transmission and monitor pregnancies should be taken.
2.After its detection in Brazil during 2015, observant clinicians began to notice a striking increase in the rates of babies born with microcephaly, a rare neurological condition characterised by underdeveloped brains and undersized heads.
3.Epidemiological, clinical, and experimental data has indicated that microcephaly, and a range of other birth defects (such as miscarriages and ocular disease) could be caused by the Zika virus passing from a pregnant women to her foetus.
www.thehindu.com/opinion/op-ed/cause-to-remain-alert/article25457709.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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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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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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The algebra of opposition unity:
1.On the contrary, popular dismay over the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) government’s politically-motivated demonetisation, its rushing through of the Goods and Services Tax, its failure to check the rise in the prices of essential commodities and fuel, growing unemployment and now the Rafale issue have made Opposition convergence seem natural — in fact, apposite.
2.It is vital and, I believe, not too late for the Congress to reach out to Bahujan Samaj Party chief Mayawati for a concordat in Madhya Pradesh, Rajasthan and Chhattisgarh.
3.Similarly, with the Samajwadi Party’s Akhilesh Yadav in Uttar Pradesh, the Trinamool Congress’s Mamata Banerjee in West Bengal, the Biju Janata Dal’s Naveen Patnaik in Odisha, and the National Conference’s Omar Abdullah in Jammu and Kashmir.
www.thehindu.com/opinion/lead/the-algebra-of-opposition-unity/article25457703.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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NBFCs push credit demand by 14.4% to a 5-year high:
1.This growth is at a five-year high, after the 16.6 per cent achieved by the system in October 2013 and the data come amid reports of an increase in demand from the troubled non bank finance companies (NBFCs).
2.A host of banks, starting with the largest lender SBI , have shown greater confidence on credit growth for the ongoing fiscal year in recent management commentary.
3.A host of banks, starting with the largest lender SBI, have shown greater confidence on credit growth for the ongoing fiscal year in recent management commentary.
economictimes.indiatimes.com/news/economy/finance/nbfcs-push-credit-demand-by-14-4-to-a-5-year-high/articleshow/66577423.cms

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Discussion around invoking Section 7 unfortunate:Ex RBI Dy Guv:
1.NEW DELHI: Amid the debate surrounding Reserve Bank’s autonomy and the government’s alleged intervention in its functioning, former RBI Deputy Governor R Gandhi believes it is just difference of opinion.
2.Regarding transfer of surplus reserves to the exchequer, Gandhi observed that the central bank, after completing its annual audit, gives due share to the government.
3.He further said that four years earlier, then RBI Governor Raghuram Rajan had suggested that a formula or model should form the basis for fund transfer to the government.
economictimes.indiatimes.com/news/economy/policy/discussion-around-invoking-section-7-unfortunateex-rbi-dy-guv/articleshow/66577281.cms

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55 Awards Presented to Youth with Disabilities at ‘Global it Challenge for Youth with Disabilities 2018’:
1.The three day event of the “Global IT Challenge for Youth with Disabilities, 2018” concluded in the presence of Shri Thaawarchand Gehlot, Union Minister for Social Justice and Empowerment here today.
2.While concluding the ceremony, Shri Thaawarchand Gehlot expressed his deep satisfaction over the successful completion of the event and called upon the participating nations to take all steps for enhancing IT skill of youth with disabilities so that they live an independent life with dignity equally with others.
3.Alongside the IT challenge competitions another parallel programme namely IT Forum was also organised to showcase the best practices followed by various participating countries regarding use of ICT for enhancing empowerment of persons with disabilities.
pib.nic.in/newsite/PrintRelease.aspx?relid=184678

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Prime Minister to Inaugurate the Ring Road and Babatpur Airport Road in Varanasi Tomorrow:
1.Currently NH projects of total length 2833 km, costing Rs 63,885 crore are underway to link Varanasi to other places in Eastern Uttar Pradesh..
2.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.
3.This consignment containing cargo of the food and beverage company Pepsico set sail from Kolkata in the last week of October.
pib.nic.in/newsite/PrintRelease.aspx?relid=184677

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