Daily Newspaper article’s summary 201818

Daily Newspaper article’s summary 201818

Summary of Newspaper artciles from ‘The Hindu’ and ‘Economic Times’

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Inflation worries:
1.While the WPI is no longer the primary focus in the Reserve Bank of India’s inflation-targeting approach to monetary policy formulation — having ceded that role to the Consumer Price Index — the gauge remains economically significant nevertheless.
2.But policymakers can ill afford to ease their vigil, especially given the government’s decision to increase the minimum support price for kharif crops and uncertainty about the spatial impact of this year’s monsoon rains on overall agricultural output.
3.After all, a sustained trend of high WPI inflation will not only add pressure on the RBI to raise interest rates, but could also potentially undermine the pace of GDP growth.
www.thehindu.com/opinion/editorial/inflation-worries/article24445850.ece

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Comeback man: on Djokovic and Wimbledon:
1.Ever since Novak Djokovic won his 12th Major at Roland Garros in 2016 — becoming only the second man, after Rod Laver in 1969, to hold all four Grand Slam titles at once — he has wandered the wastelands that strugglers frequent.
2.And yet, a little over a month later, he was back on the most famous court in tennis, bending to extract some of its hallowed turf so he could chew it — a victory celebration that had all but slipped from collective memory.
3.Granted, the 6’8” South African looked a shadow of the player that had returned from the dead to dethrone Roger Federer and had drawn on every last reserve to outlast John Isner.
www.thehindu.com/opinion/editorial/comeback-man/article24445851.ece

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What is ‘progressive overload’ in physical training?:
1.This refers to the gradual increase in the various forms of stress imposed on the human body in order to improve its ability to withstand such stress.
2.It is commonly employed in resistance training where people are encouraged to increase the weights during exercises in order to gain strength.
3.It is based on the idea that the body, when exposed to increased stress in a gradual manner, adapts to it through an appropriate response mechanism.
www.thehindu.com/opinion/op-ed/what-is-progressive-overload-in-physical-training/article24444982.ece

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Goa’s glass problem:
1.There are three key arguments made in favour of the recent proposal to ban beer bottles in Goa .
2.Second, if shards of glass are injuring people on the beach, this is a symptom of lack of civic sense and the absence of an effective waste management system.
3.A proper policing system should be put in place to deter, sensitise and punish people who litter.
www.thehindu.com/opinion/op-ed/goas-glass-problem/article24445570.ece

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A review of Mandela’s legacy:
1.As such, he was not necessarily, as he proclaimed later, “an ordinary man who became a leader because of extraordinary circumstances.” Truly speaking, South Africa’s transition to democracy, under the leadership of Mandela, was a great work of political creativity and moral wisdom.
2.The next two turning points in his personal life and his political struggle were his marriage with Winnie Madikizela, and the Sharpeville Massacre (1960), when a hundred African demonstrators were killed, and both the ANC and the Pan-African Congress were banned.
3.If we celebrate the 100th anniversary of his birth today, it is not because we take leave of his time and his struggle but mainly because his politics of excellence and his moral capital are more relevant than ever to all those who continue to believe in the non-violent pursuit of public happiness and in peace-making governance.
www.thehindu.com/opinion/op-ed/a-review-of-mandelas-legacy/article24445861.ece

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Decoding Trump’s attack on Europe:
1.U.S. President Donald Trump’s incendiary tour of Europe has justly generated extensive coverage for his disregard for diplomatic niceties and attacks on his allies, especially on German Chancellor Angela Merkel and British Prime Minister Theresa May , both of whom are facing stiff domestic opposition.
2.At the same time, the rationale for the NATO military alliance — to protect Western Europe from Soviet expansion and to tie Germany to its neighbours — has largely evaporated with the breakup of the USSR and the dissolution of the Warsaw Pact.
3.Even in the case of the Ukraine, as Steven Cohen, emeritus professor of Russian studies at New York University, has argued, the crisis was precipitated in 2014 when the EU pressured the Ukrainian government to sign an agreement that would have disadvantaged Russia.
www.thehindu.com/opinion/lead/decoding-trumps-attack-on-europe/article24445855.ece

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India has initiated 214 anti-dumping probe against China: Commerce Minister:
1.NEW DELHI: The government has initiated as many as 214 anti-dumping investigations up to December last year against China, with which India has a huge trade deficit, Parliament was informed today.
2.Minister of State for Commerce and Industry C R Chaudhary in a written reply to the Rajya Sabha said that the directorate general of trade remedies (DGTR) has initiated a total of 888 anti-dumping investigations against imports from various countries.
3.These investigations mainly pertain to China, EU, Korea, Chinese Taipei, Thailand, US, Indonesia, Japan and Malaysia, he said.
economictimes.indiatimes.com/news/economy/policy/india-has-initiated-214-anti-dumping-probe-against-china-commerce-minister/articleshow/65039926.cms

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GST Council to decide when GST can be levied on petroleum products: Government:
1.The petroleum products are “constitutionally included” under the Goods and Services Tax ( GST ) but it is the GSTCouncil which includes Finance Ministers of all states that would decidewhen petrol, diesel etc canbe brought under its regime, parliament was told onon Wednesday.
2.In a reply to Rajya Sabha , Petroleum and Natural Gas Minister Dharmendra Pradhan said: “Article 279A (5) of the Constitution provides that GSTCouncil shall recommend the date on which goods and services tax shall beleviedon petroleum crude, high speed diesel, motor spirit, natural gas and aviation turbine fuel.
3.The Minister said that to give consumers some relief, the Central government has already reduced the central excise duty on petrol and diesel by Rs 2 per litre effective from October 4, 2017, and has also requested the state governments to reduce VAT imposed by them on petrol and diesel to give further relief to the consumers.
economictimes.indiatimes.com/news/economy/policy/gst-council-to-decide-when-gst-can-be-levied-on-petroleum-products-government/articleshow/65039668.cms

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IAF participation in Ex Pitch Black 2018:
1.The contingent is being led by Group Captain CUV Rao VM and would aim to undertake simulated air combat exercises in a controlled environment and mutual exchange of best practices towards enhancing IAF operational capability.
2.Participation in multinational air exercise assumes importance in view of the continued engagement of the IAF with friendly foreign countries.
3.Over the last decade, IAF has been actively participating in operational exercises hosted by various countries, wherein collaborative engagements undertaken with the best air forces in the world.
pib.nic.in/newsite/PrintRelease.aspx?relid=180720

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Registered MSMES Cross  48 Lakh:
1.He informed that the highest number of 7,70,871 MSMES registered are from Bihar followed by Uttar Pradesh (5,96,036), Delhi (5,88,483), Maharashtra ( 5,70,101) and Gujarat (4,86,080).
2.Shri Giriraj Singh also informed the House that Prime Minister’s Employment Generation Programme (PMEGP) is a credit linked subsidy scheme, for setting up of new micro-enterprises and to generate employment opportunities in rural as well as urban areas of the country through KVIC, State Khadi & Village Industries Board (KVIB) and District Industries Centre (DIC).
3.He said that to increase the registration at UAM portal the State Governments and industry associations have been urged through communication, interactive session over video conferencing.
pib.nic.in/newsite/PrintRelease.aspx?relid=180719

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IAF Mig-21 Incident:
1.Press Information Bureau Government of IndiaMinistry of Defence18-July-2018 18:31 IST
2.On 18 th July 2018, an Indian Air Force MiG-21 aircraft, crashed at 1321 h in Kangra district of Himachal Pradesh.
3.Squadron Leader Meet Kumar, a Fully Operational pilot had got airborne from Air Force Station Pathankot at 1220 h. The pilot sustained fatal injuries during the accident.
pib.nic.in/newsite/PrintRelease.aspx?relid=180718

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India and USA hold Senior Officers Meeting on Homeland Security Dialogue:
1.India and USA hold Senior Officers Meeting on Homeland Security Dialogue Senior Officers Meeting on Homeland Security Dialogue between India and USA was held here today.
2.US side was led by Mr. James McCament, Deputy Under Secretary, Department of Homeland Security.
3.The discussions were held in a friendly atmosphere and it was agreed to maintain sustained interactions to enhance security cooperation between the two countries.
pib.nic.in/newsite/PrintRelease.aspx?relid=180717

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Infrastructural Projects in North Eastern Region:
1.As per the information received from infrastructure-related Ministries, major infrastructure projects taken up in the North-Eastern Region inter alia include Comprehensive Telecom Development Plan for the North-Eastern Region (NER) at an estimated cost of Rs.5336.18 crore; Broad Gauging & Capital Connectivity Rail Projects; Comprehensive Scheme for Strengthening of Transmission & Distribution Systems (CSST&DS) in Arunachal Pradesh and Sikkim at an estimated cost of Rs.4754.42 crore; Bharatmala Pariyojana; North East Road Sector Development Scheme (NERSDS) etc.
2.A New Greenfield Airport has been constructed at Pakyong (Gangtok) at a revised cost of Rs.553 crore suitable for operation of ATR-72 type of aircraft with Apron, terminal building of 100 pax.
3.This information was provided by the Union Minister of State (Independent Charge) Development of North-Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Dr Jitendra Singh in written reply to a question in the Lok Sabha today.
pib.nic.in/newsite/PrintRelease.aspx?relid=180715

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Traditional and Sustainable Farming in North Eastern Region:
1.Ministry of Agriculture and Farmers Welfare has launched a Central Sector Scheme named “Mission Organic Value Chain Development for North Eastern Region” (MOVCDNER) for implementation in the States of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura during 2015-16 to 2017-18.
2.The assistance is provided for cluster development, on/off farm input production, supply of seeds/planting materials, setting up of functional infrastructure, establishment of integrated processing unit, refrigerated transportation, pre-cooling/ cold stores chamber, branding, labelling and packaging, hiring of space, hand holdings, organic certification through third party, mobilization of farmers/processors etc.
3.This information was provided by the Union Minister of State (Independent Charge) Development of North-Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Dr Jitendra Singh in written reply to a question in the Lok Sabha today.
pib.nic.in/newsite/PrintRelease.aspx?relid=180714

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Cabinet approves Special Remission to Prisoners on the occasion of 150th Birth Anniversary of Mahatma Gandhi:
1.The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has today given its approval to grant Special Remission to Prisoners as part of Commemoration of 150 th Birth Anniversary of Mahatma Gandhi.
2.As part of commemoration of 150 th Birth Anniversary of Mahatma Gandhi, the following categories of prisoners will be considered for special remission and released in three phases.
3.Ministry of Home Affairs will issue advice to all States and UTs asking them to process the cases of eligible prisoners.
pib.nic.in/newsite/PrintRelease.aspx?relid=180712

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Cabinet approves signing of Memorandum of Understanding amongst BRICS Nations on the Regional Aviation Partnership:
1.Cabinet approves signing of Memorandum of Understanding amongst BRICS Nations on the Regional Aviation Partnership The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has today approved the signing of Memorandum of Understanding (MoU) amongst BRICS Nations on the Regional Aviation Partnership Cooperation viz.
2.The objective is that BRICS countries would benefit from the establishing of an institutional framework to cooperate in the field of civil aviation.
3.Public Policies and best practices in regional services; Regional Airports; Airport infrastructure management and air navigation services; Technical cooperation between regulatory agencies; Innovation; Environment Sustainability; including deliberation of global initiatives; Qualification and Training; Other fields as mutually determined
pib.nic.in/newsite/PrintRelease.aspx?relid=180710

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Cabinet approves MoU between India and Cuba on cooperation in the field of Traditional Systems of Medicine and Homeopathy:
1.Cabinet approves MoU between India and Cuba on cooperation in the field of Traditional Systems of Medicine and Homeopathy The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its ex-post facto approval for the Memorandum of Understanding (MoU) between India and Cuba on cooperation in the field of Traditional Systems of Medicine and Homeopathy.
2.The Traditional Systems of Medicine in India are well organized, codified and well documented comprised of Ayurveda, Yoga & Naturopathy, Unani, Siddha, Sowa Rigpa and Homoeopathy.
3.The MoU will facilitate better understanding of the regulatory aspects between the two sides and help in increasing India’s export of medical products to Indonesia and better coordination in international fora.
pib.nic.in/newsite/PrintRelease.aspx?relid=180708

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Cabinet approves MoU between India and Indonesia on cooperation in the field of pharmaceutical products, pharmaceutical substances, biological product and cosmetics regulatory functions:
1.Cabinet approves MoU between India and Indonesia on cooperation in the field of pharmaceutical products, pharmaceutical substances, biological product and cosmetics regulatory functions The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its ex-post facto approval for the Memorandum of Understanding (MoU) between the Central Drugs Standard Control Organization (CDSCO), India and National Agency for Drug and Food Control (BPOM), Indonesia on cooperation in the field of pharmaceutical products, pharmaceutical substances, biological product and cosmetics regulatory functions.
2.It will also establish a framework for fruitful cooperation and exchange of information between the two countries in matters relating to Pharmaceutical products regulation on the basis for equality, reciprocity and mutual benefit.
3.The CDSCO is a Subordinate Office of the Directorate General of Health Services, which is an attached office of the Department of Health and Family Welfare and is the National Regulatory Authority for drugs, medical devices and cosmetics in India.
pib.nic.in/newsite/PrintRelease.aspx?relid=180706

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Cabinet approves the Mutual Recognition Agreement (MRA) signed in 2010 and approves fresh MRA between the Institute of Chartered Accountants of India and the Institute of Certified Public Accountants, Ireland:
1.Cabinet approves the Mutual Recognition Agreement (MRA) signed in 2010 and approves fresh MRA between the Institute of Chartered Accountants of India and the Institute of Certified Public Accountants, Ireland The Union Cabinet chaired by Prime Minister Shri Narendra Modi today has given its ex-post facto approval of the “Mutual Recognition Agreement (MRA)” signed in 2010 and Approval for fresh MRA between the Institute of Chartered Accountants of India (ICAI) and the Institute of Certified Public Accountants (CPA), Ireland for promotion of mutual co-operation framework for the advancement of accounting knowledge, professional and intellectual development, advancing the interests of their respective members and positively contributing to the development of the accounting profession in Ireland and India.
2.The MRA will provide opportunities to members of both the parties to be exposed to best practices of either country and thus expand their scalability to cater to demand of newer markets.
3.The Institute of Certified Public Accountants in Ireland (CPA Ireland) is one of the main Irish accountancy bodies with 5,000 members and students.
pib.nic.in/newsite/PrintRelease.aspx?relid=180704

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Cabinet approves MoU between the Institute of Chartered Accountants of India and Bahrain Institute of Banking and Finance, Bahrain:
1.The Union Cabinet chaired by Prime Minister Shri Narendra Modi today has approved Memorandum of Understanding (MoU) between the Institute of Chartered Accountants of India (ICAI) and Bahrain Institute of Banking and Finance (BIBF), Bahrain to work together to strengthen the accounting, financial and audit knowledge base within Bahrain.
2.The aim is to work together to develop a mutually beneficial relationship in the best interest of members, students and their organizations.
3.Since Bahrain does not have a local professional accountancy Institute and it is the ICAI which has the collaboration with BIBF, this in turn is likely to build positive impact for Indian Chartered Accountants currently working in Bahraini markets and those intending to move to this country relatively easier.
pib.nic.in/newsite/PrintRelease.aspx?relid=180702

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Cabinet approves MoU between the Institute of Chartered Accountants of India and “National Board of Accountants and Auditors, Tanzania:
1.The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved signing of a Memorandum of Understanding (MoU) between the Institute of Chartered Accountants of India (ICAI) and National Board of Accountants and Auditors (NBAA), Tanzania to establish mutual co-operation framework in the areas of Member Management, Professional Ethics, Technical Research, Continuing Professional Development, Professional Accountancy Training, Audit Quality Monitoring, Advancement of Accounting Knowledge, Professional and Intellectual Development.
2.The MoU will develop a mutually beneficial relationship in the best interest of ICAI members, students and their organizations.
3.There is a huge potential for ICAI and its members to help develop the Accountancy and Auditing profession in Africa.
pib.nic.in/newsite/PrintRelease.aspx?relid=180700

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Promotion of GI Products:
1.Press Information Bureau Government of IndiaMinistry of Commerce & Industry18-July-2018 17:26 IST
2.These include, participation in events to promote and create awareness on GIs through social media, involving State Governments, Union Territory Administration and other relevant organizations for facilitation of GI producers.
3.This information was given by the Minister of State of Commerce and Industry, C. R. Chaudhary, in a written reply in the Rajya Sabha today.
pib.nic.in/newsite/PrintRelease.aspx?relid=180699

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Financial Assistance to 142 Startups:
1.As per the operating guidelines issued by DIPP, FFS contributes to the corpus of SEBI registered Alternative Investment Funds (AIFs).
2.A formal mechanism has been put in place in the form of a Monitoring Committee to review progress of Startup India programme on a regular basis.
3.This information was given by the Minister of State of Commerce and Industry, C. R. Chaudhary, in a written reply in the Rajya Sabha today.
pib.nic.in/newsite/PrintRelease.aspx?relid=180698

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FDI Inflow reaches 61.96 USD Billion in 2017-18:
1.Press Information Bureau Government of IndiaMinistry of Commerce & Industry18-July-2018 17:24 IST
2.These figures surpass the FDI inflows of any of the preceding financial years.
3.This information was given by the Minister of State of Commerce and Industry, C. R. Chaudhary, in a written reply in the Rajya Sabha today.
pib.nic.in/newsite/PrintRelease.aspx?relid=180697

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Measures to Expedite refund of GST to Exporters:
1.Government has also taken other measures to expedite the refund of GST to exporters which include certain common errors hindering disbursal of Integrated Goods and Services Tax (IGST) refund and solutions thereof, permitting manual intervention for corrections in figures by customs officers.
2.Over a period of time various pro-active measures have been taken in consultation with GSTN, IT wing of customs and field formations, as a result of which most of the errors have been rectified and IGST refunds have been sanctioned.
3.This information was given by the Minister of State of Commerce and Industry, C. R. Chaudhary, in a written reply in the Rajya Sabha today.
pib.nic.in/newsite/PrintRelease.aspx?relid=180696

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Indian Coffee in High Demand abroad:
1.India’s coffee exports reached an all-time high of 3.95 lakh Metric Tonnes (MT) during 2017-18.
2.The demand of Indian coffee has increased in Germany, Indonesia, USA, Poland, Libya, Spain, Tunisia, Ukraine, Italy and Belgium.
3.This information was given by the Minister of State of Commerce and Industry, C. R. Chaudhary, in a written reply in the Rajya Sabha today.
pib.nic.in/newsite/PrintRelease.aspx?relid=180695

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Privatisation of Defence Production:
1.Apart from this, one manufacturing license has also been issued by Ministry of Home Affairs for Small Arms and ammunitions.
2.Foreign investment beyond 49% (upto 100%) is permitted through government approval in cases resulting in access to modern technology in the country or for other reasons to be recorded.
3.So far, 41 FDI proposals / Joint Ventures have been approved for manufacturing of various defence equipment both in public and private sectors, FDI amounting to US $ 5.13 million has been received in the Defence Industry Sector from April 2000 to March 2018.
pib.nic.in/newsite/PrintRelease.aspx?relid=180694

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Delay in According Approval:
1.A letter was received from an Hon’ble MP (LS) in October 2017 with a request to expedite the proposal under ‘Make in India’ program, Public – Private Partnership program [DCD Grand Power & Grand Power – Ordnance Factory Board (OFB)] for co-production of latest technology small arms.
2.In October 2017, OFB stated that the criterion adopted for the selection of prospective partner has been clearly defined in the Expression of Interest (EoI) issued by them.
3.Pending approval of the Standard Operating Procedures (SOP) for the selection of technological partner, the proposal for MoU between M/s Grand Power and OFB was returned to OFB in January 2018 intimating that the same would be progressed based on the approved Standard Operating Procedures (SOP) for the selection of technological partner.
pib.nic.in/newsite/PrintRelease.aspx?relid=180693

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