Daily Newspaper article’s summary 2018-11-21
Summary of Newspaper artciles from ‘The Hindu’, ‘Economic Times’ and PIB
ARISE IAS: Demystifying UPSC IAS exams
When giants clash: on the US-China discord:
1.The U.S. has been urging China to increase market access and grant intellectual property protections for American corporations, cut back on industrial subsidies and, at a broader level, bring down the $375-billion trade gap.
2.Vice President Mike Pence, who attended on the President’s behalf, also hinted at strategic pushback when he called upon nations to eschew loans that could leave them in a debt trap with Beijing.
3.Institutionally, multilateral rule-making bodies such as the WTO may lose their authority, and an interlocking system of bilateral trade treaties and punitive sanctions networks may substitute the consensus-based approach that was forged so painstakingly after World War II.
Give and take: on the RBI board meeting:
1.Two of the biggest concerns of the Centre where it was expecting an immediate resolution — relaxation of the Prompt Corrective Action framework on 11 public sector banks and provision of liquidity for non-banking financial companies — will be addressed at a future date.
2.In addition, the Centre’s attempt to tap the RBI’s rich reserves has also been staved off for now, with the matter left to be decided by a committee set up exclusively for the purpose.
3.Again, by permitting debt recast for MSME borrowers of up to ₹25 crore, the RBI has attempted to address their credit concerns, which was one of the major demands of the Centre.
Amid institutional decline:
1.The ongoing fracas in the Central Bureau of Investigation (CBI) has got out of hand, with the two top officials in the chain of command accusing each other of corruption.
2.The chaos prevailed for months and about 99% of the money came back into the system, thus defeating the very purpose of carrying out this draconian measure.
3.With the Vineet Narain case, in the 1990s, the Supreme Court tried to insulate the CBI from political manipulation by placing it under the supervision of the CVC.
Justice delayed: crores of cases pending across India:
1.At present, there are 2.85 crore cases pending in lower courts across India.
2.States with a high number of judge vacancies and a relatively low number of judges corresponding to their population, such as U.P., West Bengal and Bihar, tend to have a higher number of pending cases.
3.The number of cases that are pending for long are also higher in such States.
The many secrets buried in sheaves of paper:
1.It was about the last days of British rule in India and had the tantalising possibility of a romance thrown in between Edwina Mountbatten and Prime Minister Jawaharlal Nehru.
2.Hugh Grant and Cate Blanchett were to play the Mountbattens, and the film was to be directed by British filmmaker Joe Wright.
3.From refusing to give information on how close to 30 books were banned in independent India and how those bans were never revoked, the Ministry finally relented and offered to give information on three books: The Satanic Verses , James W. Laine’s Shivaji and Peter Heehs’ The Life of Sri Aurobindo .
Science outside labs:
1.‘Chai and Why,’ a popular outreach programme conducted by a group of faculty members of Tata Institute of Fundamental Research, Mumbai, hosted its 250th event on November 18.
2.The programme, which has been going strong since 2009, comprises talks and demonstrations by scientists or research scholars on a science topic, pitched at an easy-to-grasp level.
3.The National Centre of Biological Sciences has in its cocktail of outreach activities a programme called ‘Out of the Lab,’ in which scientists from the institute can be invited to homes, where they address fascinating aspects of their respective fields to neighbours who have gathered together.
#MeToo: A gender curriculum:
1.Such blatant display of inappropriate behaviour, which makes women uncomfortable, shows that men in power enjoy the impunity that accompanies attitudes and acts entrenched in patriarchy.
2.That our education system is failing to teach boys and men to recognise, challenge and refrain from sexist and even unlawful behaviour must be acknowledged and tackled.
3.Among other things, education has the basic duty of ensuring that we become socially aware and sensitive beings who know how to interact and engage with people of different genders, castes, classes and communities.
A 21st century revolution: on Bill Gates’ move to scale up sanitation:
1.When Microsoft founder Bill Gates displayed a glass beaker with human faeces on stage at a sanitation conference in Beijing recently, he was praised by World Bank president Jim Yong Kim for “making poop cool”.
2.In the new order, there will be stand-alone facilities that are aesthetically designed, finely engineered and equipped with reliable chemical processes that produce nothing more than ash from solids, while reusing the liquid as non-potable water after treatment.
3.Even in an advanced State such as Tamil Nadu, which is working to upgrade its infrastructure, only 30% of urban sewage is treated, says Alkesh Wadhwani, Country Director, Poverty Alleviation, BMGF.
What is ‘Menu Cost’ in Economics?:
1.This refers to the cost incurred by firms due to the change in prices of goods and services that they sell.
2.A firm, however, may willingly incur menu costs only if there would be significant losses incurred by the firm if its prices are not changed immediately.
3.The concept of menu costs was first proposed by Israeli economists Eytan Sheshinski and Yoram Weiss in their 1977 paper “Inflation and Costs of Price Adjustment”.
Make it the Indian way: Why the country must adapt to additive technologies:
1.Rename this to “additive technology” and think of Ford Motors cutting down its cost of creating a new car prototype from six months and several hundred thousand dollars to four days and $4,000, and you begin to see its power.
2.This makes the design phase complex and costly, rendering it expensive to redesign to correct initial mistakes or innovate to meet changing consumer needs.
3.By eliminating the need to hold a large inventory of parts, set up an assembly line and purchase costly machines, adaptive manufacturing reduces capital and space requirements as well as the carbon footprint.
Rs 29,088 cr indirect tax evasion detected during April-Oct:
1.The investigation arm of the Finance Ministry has detected tax evasion worth Rs 29,088 crore in 1,835 cases during April-October period of the current financial year, a senior official said Wednesday.
2.”DGGI officers have detected total indirect tax evasion of Rs 29,088 crore during April-October,” the official told PTI.
3.With a view to focus on checking evasion, the apex indirect tax body had in September set up the Office of Commissioner GST (Investigation), headed by Neeraj Prasad.
European Union unveils strategy paper for ramping up ties with India:
1.NEW DELHI: The European Union Wednesday unveiled a ‘ strategy paper ‘ outlining the broad roadmap for stepping up cooperation with India in a range of key sectors, including trade, investment, defence and security, innovation, and on dealing with various global challenges.
2.Releasing the paper, European Union’s Ambassador to India Tomasz Kozlowski said the two sides are also going to have military cooperation in the Indian Ocean region.
3.The strategy paper provides a broad overview of the EU’s plan to expand ties with India in several key sectors for the next two decades.
Union HRD Minister launches ‘Institution’s Innovation Council (IIC)’Program of MHRD’s Innovation Cell through video conferencing:
1.Ministry of Human Resource Development has established an “Innovation cell” at AICTE with a purpose to systematically foster the culture of Innovation in all Higher Education Institutions (HEIs) across the country.
2.He also appreciated the efforts the officials of MHRD and AICTE to bring out this program which will contribute in the holistic development of education in the country.
3.Shri R. Subrahmanyam, Secretary (HE), MHRD, Prof. Anil Sahasrabudhe, Chairman, AICTE, Dr. N. Saravana Kumar, Joint Secretary (TE), Prof.BhushanPatwardhan,Vice-Chairman,UGC, Dr. Abhay Jere, CIO, MIC and dignitaries from the Central Govt agencies and more than 800 representatives from Higher Educational Institutions and Universities across the country were present on the occasion.
NMCG approves composite Sewerage Projects in Agra to help save Taj and reduce pollution in Yamuna Namami Gange projects in Uttar Pradesh, Bihar, West Bengal and Himachal Pradesh worth Rs. 1573.28 Crore approved:
1.The Executive Committee (EC) of the National Mission for Clean Ganga (NMCG) has approved ten projects worth Rs 1573.28 crore.
2.In a meeting held yesterday in the presence of Union Minister forWater Resources, River Development and Ganga Rejuvenation, Road Transport and Highwaysand Shipping Shri Nitin Gadkari and UP Chief Minister Yogi Adityanath, , it was decided that a comprehensive solution needed to be worked out to address Yamuna’s pollution issues in Agra.
3.The project for Rehabilitation / Renovation of Agra Sewerage Scheme (Interception & Diversion Works) has been conceived at a total cost of Rs.
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