Daily Newspaper article’s summary 2018-09-12

Daily Newspaper article’s summary 2018-09-12

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

Avoidable suspense:
1.The circular, issued to enhance the Know Your Client norms for FPIs, ended up imposing a blanket ban on certain types of investments where NRIs, PIOs or OCIs were investors (beyond a threshold) or even served as senior managing officials of these funds.
2.This has removed any ambiguity and provided relief to foreign investors who were left guessing how the term ‘majority’ — as stated in the April circular — would be determined by SEBI while applying the beneficial ownership test.
3.SEBI has now announced public consultations before it finalises these norms, and in the process created some breathing space for such funds to remain invested on Dalal Street.

The centre holds:
1.A shrinking vote share for the centrist parties and a notable showing by the far right in Sunday’s elections in Sweden echo the growing anti-immigrant mood in the Nordic nations and across Europe.
2.The strain of the lack of a clear majority for the Social Democrats is already apparent, as Prime Minister Löfven faces calls from the Moderate party to step down.
3.With healthy economic growth and relatively low levels of unemployment, the challenge for the new government is to address the mounting demands on the country’s public health care and education services.

Eight years later:
1.On April 7, 2010, a Wednesday, the then-Vice Chancellor of Aligarh Muslim University (AMU) had hosted me and a colleague (a photojournalist) for lunch at his official residence.
2.The Allahabad High Court had never ruled against it, which meant that at that point in time, there was no case for “gross misconduct” — as AMU’s communiqué had alleged — against Siras.
3.Yet, the absence of legislation against discrimination based on sexual orientation had emboldened the university to unleash its institutions against an employee.

‘Dear Comrade Gautamji’:
1.In trying to make sense of the arrests of these well-known public figures — lawyers, activists, poets, teachers — it helps to think of a game plan inspired by the ‘colour-by-number’ books that young children so enjoy.
2.Long before the human rights community in India had even taken note of the situation in Kashmir, Mr. Navlakha had begun travelling there and produced analysis that systematically looked at the pattern and consequences of militarisation.
3.It is the application of the UAPA, with the extreme difficulty of obtaining bail under it, that make even a ham-handed arrest a matter of grave seriousness, for long, debilitating stretches in prison invariably precede a trial under these sections.

Encouraging young minds:
1.The Indian education system hardly played any role in moulding the child prodigy and this was also rather the case with Manjul Bhargava (Fields medal 2014).
2.Subhash Khot, who won the Rolf Nevanlinna Prize in 2014, had more of an Indian education — a bachelor’s degree in computer science at IIT Bombay.
3.Only such an ecosystem can create enough space for young minds to explore abstract mathematical and scientific ideas freely and in turn challenge the boundaries of existing knowledge.

The importance of the Bahujan Samaj Party:
1.It is curious that in Madhya Pradesh, Chhattisgarh and Rajasthan, where Assembly elections will be held by December, political debates are largely centred on the BJP and the Congress.
2.In fact, Kanshi Ram, the founder of the BSP, understood the potential for Dalit politics that lies in these regions and contested his first parliamentary election from Janjgir in 1984.
3.The BSP’s recent experience in Karnataka, where it tied up with the Janata Dal (Secular), and its success in forging an understanding with the Samajwadi Party for the Uttar Pradesh bypolls indicate a change of mind.

The one who reached out to China: On Atal Bihari Vajpayee:
1.Simultaneously, try to resolve the border dispute through dialogue and by ruling out the use of force to change the status quo along the Line of Actual Control (LAC).
2.An important upshot of the visit was the decision to fast-track the talks on the border dispute by initiating the framework of Special Representatives of the two Prime Ministers driving the dialogue.
3.Accordingly, Vajpayee’s trusted National Security Adviser Brajesh Mishra and China’s State Councillor Dai Bingguo were appointed as the two special representatives.

How gamblers can save science:
1.Many critics of the scientific establishment have even blamed the nature of academia, which they liken to a medieval guild dominated by a small group of elites calling the shots, for this crisis.
2.A rebel scientist, for instance, could sell shares in his unpopular idea that has been rejected by universities to interested investors.
3.Camerer et al tried to replicate the findings of 21 studies published in the world’s top two scientific journals — Nature and Science .

What is the ‘Bullwhip Effect’ in Business?:
1.This refers to a phenomenon wherein small changes in consumer demand for a product at the retail stage can cause exponentially larger changes in the demand experienced by other members of the supply chain.
2.This happens due to errors in forecasting demand across the supply chain of a product.
3.The idea was first proposed by American computer scientist Jay Wright Forrester in his 1961 book Industrial Dynamics .

Understanding Serena:
1.Once the raging emotions surrounding one of the most controversial Grand Slam finals in recent history settle down, it is worth examining the events that transpired between Serena Williams and the chair umpire, Carlos Ramos, at the 2018 U.S. Open.
2.Williams was ultimately awarded a game penalty at the most crucial juncture of the match and went on to lose the championship to Naomi Osaka.
3.As an African-American woman from Compton playing in a sport whose roots are affluent and white, she has been at the receiving end of unfair treatment on several occasions: from her “unfeminine physique” being assessed as an advantage, to being drug-tested more than many players.

Imitating to flatter?:
1.Today there is a near consensus (except in government circles) that demonetisation, while monumentally failing in its primary objective of nullifying black money and counterfeit notes, totted up unintended penalty points — slowing down the economy for several quarters and strangulating the cash-dependent informal sector.
2.On rising fuel prices and the falling rupee, it would be hard to beat the reactions from a different time — around 2013 when Mr. Modi and the then Leader of the Opposition in the Lok Sabha, Sushma Swaraj, lacerated Prime Minister Manmohan Singh with words that have come back to haunt them.
3.Even the reported uptick in the GDP comes alongside feedback from the ground of severe distress among farmers, industrial labour and unemployed youth, graphically captured by a recent protest march by tens of thousands from these groups.

Trade unions to skip meeting of Labour ministry to review Act:
1.The labour ministry has proposed changes in Trade Unions Act, 1926, with an aim to give them wider recognition at central and state level.
2.It has been alleged that the central and state government do not give due weightage to trade unions or their federation in the absence of any statutory backing, other than by the labour ministry.
3.However, trade unions feel that the other central government ministries and state government do not give due weightage to these central trade unions (CTUOs) in the absence of any statutory backing of this verification and recognition procedure.

Exports up 19.21% in August; trade deficit at $17.4 bn:
1.NEW DELHI: India’s exports grew by 19.21 per cent to USD 27.84 billion in August on account of healthy performance by sectors such as petroleum.
2.”Export trade during August 2018 recorded at USD 27.84 billion, a positive growth of 19.21 per cent.
3.Exports excluding Petroleum also reported a positive growth of 17.43 per cent,” Commerce and Industry Minister Suresh Prabhu said in a tweet.

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