DAILY SUMMARY AND ANALYSIS OF hat conidence n The billionsire Mr Bentusconl whe boastad earlier yetealay that markets trast hitm because he sa tyeiont, told trowth nade in New withtheonwetct igitot TTH SEPTEMBER. AMIT BAGHE
ABOUT ME EDUCATOR AT UNACADEMY SINCE JUNE,2017 KNOWLEDGE IS POWER . Computer science graduate from JIIT,Noida Work experience of 2+ years in MNC Published app developer, writer by passion Interest: Music,reading non fiction and watching good tv series Follow me for my other courses: https://unacademy.com/userAmitBaghel
Sept 11, 2017 EDITORIAL A forest policy on today's terms . The Union Ministry of Environment, Forest and Climate Change as well as all State Forest Departments are guided by the National Forest Policy, 1988, which states the basic objectives 1. Maintenance of environmental stability through preservation 2. restoration of the ecological balance that has been adversely disturbed by serious depletion of the forests of the country." ecological balanc The term originated as the balance of nature' in ancient Greece and was quoted off and on through the Middle Ages. However, with a better understanding of the functioning of natural systems, the concept was completely rejected by the beginning of the last century and does not find mention in textbooks of ecology.
CONTD . The concept of 'environmental stability' is questionable because it is evident that natural processes are never stable or stagnant but are always in the process of change and succession. Therefore, environmental stability is a myth. Defining a forest It is interesting that there is no official definition for the term 'forest' yet, despite ministries and government departments being named after it. . In order to couch the laudable goals of the 1988 National Forest Policy, in valid terms, we would first need to define the term 'forest' . This is not a difficult task, since a forest is a self-sown and self-regenerating community of plants that supports a community of creatures dependent on those plants, and on each other, for food and shelter. Current failure . The 'self-sown' bit is important in the Indian context, since vast amounts of public money have been spent on 'planting forests', which is an oxymoron.
CONTD Naturally there are no results to show for these 'planted forests', What should we do now? . Having defined a forest, we can now state the primary aim of the 1988 National Forest Policy in the following valid terms: "Maintenance of a healthy natural environment through preservation and, where necessary, restoration of the original natural ecosystems that have been adversely affected by over- exploitation of the forests and other natural resources of the country." The term 'original natural ecosystems' refers to the state of affairs prior to their exploitation by humans This would suggest that degraded lands be protected so that original ecosystems can re-establish themselves on those lands. . When land has been thoroughly degraded, the usual succession is grasses, shrubs, bushes and, finally, trees. . By planting trees directly in such areas, we try to jump the gun, but the build-up of top soil and soil microorganisms that proceeds from a succession is missing, hence the large-scale failure of such plantations
CONTD Protecting the catchment areas of rivers, lakes, reservoirs to enable natural vegetation to grow back unhindered to conserve soil, help groundwater recharge, for mitigating floods and droughts and for retardation of siltation of reservoirs The derivation of direct economic benefit must be subordinated to this principal aim. What is worrisome? In the 30 years since it was formulated, no officer of the Indian Forest Service has pointed out these shortcomings. . There is clearly an urgent need to review the curriculum of the Indian Forest Service since it seems to rely on concepts that have been discarded more than a century ago
Sept 11, 2017 EDITORIAL Search for quality . Securities and Exchange Board of India The market regulator has released a consultation paper seeking feedback on a new set of rules drafted to improve "market efficiency" and enhance "the governance, accountability and functioning of credit rating agencies": 1. Restrict cross-shareholding between rating agencies without regulatory approval to 10%, 2. Increase the minimum net worth requirement for existing and new agencies from Rs. 5 crore to Rs. 50 crore. es at least five years' experience for promoters of rating agencies. 4. SEBI has proposed disclosure norms to improve investor awareness about the operations of rating agencies.
CONTD . This effort is in line with SEBI's crackdown on the agencies after the default in 2015 of a highly-rated debt issued by Amtek Auto. SEBI's proposed rules may not necessarily improve the quality of credit rating services competition in the rating space. securities to shop for a favourable rating or avoid negative ratings by severing their ties with these . The intended effects of the rules sound convincing. What is unclear are their unintended effects on . The present business model of rating agencies is seen to allow considerable room for issuers of agencies. . Repeated failures have not affected the business of rating agencies, primarily due to the lack of alternative service providers who can help out investors. The way forward . It lies in making it easier for new players to enter the credit rating space and compete against incumbents. This will go a long way towards making credit rating agencies actually serve creditors rather than borrowers.
Sept 11, 2017 NEWS Dhaka plea made MEA shift stand India's shift in position on the Myanmar issue on Saturday, where it expressed concerns about the outflow of Rohingya refugees for the first time in recent months, was prompted by a series of requests from the Bangladesh government "at the highest levels" ROHINGYA MIGRATION India's stand to support Suu Kyi is also in line with our tough stand on terrorism, as well as on refusing to interfere in Myanmar's domestic politics," THAILAND COUNCIL FOREIGN RELATIONS
Sept 11, 2017 NEWS Data base soon on Bonda migration . The Bonda Development Agency (BDA) has started an inquiry and survey in the remote Bonda-inhabited villages in Malkangiri district of Odisha . Following reports that these primitive tribals are migrating to other States in search of employment and that some of their women are being sexually exploited Stats and geographical location Deals As per an official survey in 2015, around 8,000 Bonda tribals live in 32 villages of four panchayats under Khairaput block. Their villages are located in remote and isolated hilly region north-west of the Machhkund river. Their habitat in Khairaput block is called the Bonda valley,
Sept 11, 2017 NEWS Refugees go to SC against Article 35A India, U.S. in talks for C-17 deal . Some refugees from West Pakistan, who . India is in talks with the U.S. for buying another Boeing C-17 had migrated to India during Partition, have moved the Supreme Court challenging Article 35A of the Constitution relating to special rights and privileges of permanent residents of Jammu and Kashmir. Globemaster transport aircraft to be added to its fleet of 10. Since induction in 2013, the aircraft has become the mainstay of Indias humanitarian assistance and disaster relief efforts. . The petition said nearly 3 lakh refugees had arrived from West Pakistan, but those settled in Jammu and Kashmir had beern denied the rights guaranteed under Article 35A.
THANK YOU PLEASE RATE, REVIEW AND RECOMMEND
UPSC 2018 mains; Doing 'The Hindu Newspaper Analysis' since June,2017. YouTube- Gurukul Prime.