Fwd: Daily Newspaper article’s summary 201817
Summary of Newspaper artciles from ‘The Hindu’ and ‘Economic Times’
Overdue correction: on revisiting the Companies Act:
1.The panel, which includes top banker Uday Kotak, has been given 30 days to work out whether some of the violations that can attract imprisonment (such as a clerical failure by directors to make adequate disclosures about their interests) may instead be punished with monetary fines.
2.The government hopes such changes in the regulatory regime would allow trial courts to devote greater attention to serious offences rather than get overloaded with cases as zealous officials blindly pursue prosecutions for even minor violations.
3.Four years down the line, the government is finally moving purposefully on this, a rethink perhaps triggered by the fact that private sector investment is yet to pick up steam and capital still seeks foreign shores to avoid regulatory risks.
Football fever: on World Cup 2018:
1.The French — coached by Didier Deschamps , who won the trophy as a player in 1998 and now emulates Mário Zagallo and Franz Beckenbauer — did not exactly play beautiful football.
2.Kylian Mbappe, who at 19 became the youngest to score in the World Cup final since Pele, showed glimpses of his extraordinary potential; he now looks set for greater things.
3.Teams built around superstars struggled, with Lionel Messi and Cristiano Ronaldo exiting before the last eight, while the likes of Croatia and Uruguay, which relied on collective spirit, advanced farther than expected.
Explaining Britain’s industrial revolution:
1.Contrary to the Allen hypothesis, the authors find that labourers employed in Britain’s spinning industry were actually paid low wages.
2.One reason for this was that the owners of spinning mills were able to tap an abundant source of cheap labour in the form of women and children from rural Britain.
3.A possible flaw in the Allen hypothesis is that it fails to recognise that disparities in factor prices can only influence the kind of technology adopted by businesses.
What is ‘Price’s law’ in science?:
1.Also known as Price’s square root law, this refers to an empirical rule which states that the majority of scientific publications in any field of study would likely come from a comparatively small number of authors.
2.The rule was proposed by British physicist Derek J. de Solla Price.
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1.Unlike the radical policies that Mr. Trump has applied in areas such as immigration and trade, his nominee to the nine-member court is a staunch Washington insider, a former legal staffer in the George W. Bush White House, and a man who will be, according to consensus, a firm adherent to mainstream Republican values.
2.However, troubling questions are being raised about whether Justice Kennedy was right to hold a private meeting with Mr. Trump ahead of the nomination and, according to some reports, push strongly for Mr. Kavanaugh’s candidacy.
3.It is not unimaginable that a SCOTUS that includes Mr. Kavanaugh will have to rule on everything from whether the Mueller probe can enforce subpoenas to issues of discovery in the Stormy Daniels lawsuit and the Trump Foundation’s murky charitable expenditures.
Fix the pothole problem:
1.Three years ago, when Dadarao Bilhore lost his son, Prakash, to a road crash caused by a pothole in Mumbai, he decided that it was time to take matters into his own hands.
2.The irony of the situation is that instead of booking cases against contractors or engineers for shoddy maintenance of roads, police reports often blame the victims or drivers for ‘death due to negligence’.
3.Several studies conducted in cities such as Chandigarh and Mumbai point to the lack of a proper drainage system and weak proportioning of aggregates for road construction as major reasons for pothole formation.
Playing the anti-Nawaz Sharif game:
1.Of the previous 10, apart from the first one in 1970, and the last one in 2013, the general consensus among social scientists and political analysts has been that all the elections, in some small or significant manner, have been unfree, unfair, nontransparent, and manipulated in some form or the other.
2.Being a political man, Mr. Sharif made the bold decision to return to Lahore along with his daughter, Maryam, who has also been sentenced to seven years, and court arrest a mere 12 days before the elections.
3.All signs that a mature democratic transition would have taken place from 2008 have been proven to be overly optimistic, and the military with its new-found friend and ally, the superior judiciary, has hit back hard.
Dark clouds over the RTI:
1.Its already negative track record — that has been marked by an unwillingness to operationalise the Lok Pal , the Whistleblowers Act and the Grievance Redress law — has taken another step backwards if one is to go by a single line in item 14 in the legislative agenda of the monsoon session of Parliament (from July 18).
2.Worse still, in order to avoid facing the strength of the Opposition, there have been steps to steamroller legislative measures (in the garb of money Bills) that have destabilised access to information such as Aadhaar and electoral bonds.
3.Nikhil Dey and Aruna Roy are founder members of the Mazdoor Kisan Shakti Sangathan and National Campaign for People’s Right to Information
A redemptive moment:
1.In India, cultivation, possession, sale, transportation of ganja (cannabis) is prohibited without a licence even as serving bhang on auspicious occasions is a time-honoured tradition in parts of the country.
2.The court has given an opportunity to LGBT activists to make their case, for the religious groups that oppose the decriminalisation of consensual same-sex acts to state their position and asked the Government of India what it has to say about retaining Section 377.
3.Even as the hearings in the Supreme Court have been covered extensively in the media, it has willy nilly drawn attention to two related aspects — namely the role of the political class and the question of the democratic content of the Indian LGBT movement itself.
View: When a regulator turns a Nelson’s eye to risk:
1.Not that he fears the traffic policeman or that his convoy would meet with an accident, but out of respect for the law which exists to protect the safety of people travelling by road.
2.Recently, the IRDA which had laid down investment rules based on risk, bent it for LIC to own 51% of the teetering state-backed IDBI Bank .
3.Leave alone resisting New Delhi’s nudge, the recent denial of a Times of India report on it taking a stance in the ICICI Bank governance issue reflects how it monitors its investments.
economictimes.indiatimes.com/news/economy/ policy/view-when-a-regulator-turns-a-nelsons-eye-to-risk/ articleshow/65018224.cms
Government raises load capacity for heavy vehicles by 20-25 per cent:
1.NEW DELHI: The Centre has increased the official maximum load carrying capacity of heavy vehicles , including trucks , by 20-25% besides scrapping the mandatory annual renewal of fitness certificates for freight carriers.
2.The statutory order was issued by the road transport and highways ministry late on Monday.
3.The road construction quality is good enough to handle the additional load,” the official added.
economictimes.indiatimes.com/news/economy/ policy/government-raises-load-capacity-for-heavy-vehicles- by-20-25/articleshow/65017330.cms
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