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12June 2018 Part-2: Daily News Analysis
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Jatin Verma is teaching live on Unacademy Plus

Jatin Verma
Have appeared in UPSC CSE thrice. Have been taking Unacademy Plus courses Academics- Polity, Economics & Current Affairs.

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Ankush ji.. please make videos on alphanumeric series..your videos really helpful for me..
You are the best and best at so many things. It's our misfortune to not to hear from you on an everyday basis. Listening your lessons is empowering which is much more than passing any pen and paper exam. Jack becomes a dull boy with lack of consistency. I request you to not hold the knowledge to yourself, ideas like yours can revolutionise so many lives not only in terms of exams.
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Sir, jinhone already Upcoming Economy ka course kiya hai,unhe Integrated Economy karne ki jarurat nai hai na? Please answer....
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  1. Important News Articles (Taking Delhi/Noida edition as the base) tth Page 1: Centre seeks details on Rajiv case Page 10 News: Centre seeks details of Rajiv case convicts Page 1: In Chennai, the hearts beat for foreigners Page 1: 'Unique guarantees' to North Korea from U.S. * Page 3: Fishermen oppose CRZ draft lag Page 6 Nation: Asking Collegium to reconsider not a cardinal sin: Law Minister Page 7 Nation: Three of four hearts harvested were given to foreigners Page 7 Nation: No Indian should be denied Page 7 Nation: No plans to privatise Railways, says Goyal Page 10 News: India seeks action against desecration of national flag Page 11 News: Now, Nirav Modi comes between India-U.K. bilateral ties Page 11 News: PM's maternity scheme benefits 23.6 lakh Page 11 News: Remove copters by June-end: Maldives Page 11 News: 'Democracy the antidote to IS" Page 11 News: Rijiju raises Nirav case with visiting U.K. team Page 11 News: India to host first BIMSTEC war games nt un ay

  2. Important News Articles Taking Delhi/Noida edition as the base tth Page 12 World: Talks with N. Korea have moved at a quick pace: U.S. Page 12 World: U.S. President's broadsides against G7 allies continue Page 12 World: SCO can be a vehicle to better India-Pak. ties' Page 12 World: Indian-origin Ministers play key role * Page 12 World: U.S. imposes more sanctions on Russia lag Page 13 Business: Petrol, diesel sales hit record high in May Page 13 Business: Reserve Bank aims to tighten working capital loan norms Page 13 Business: Govt. set to unveil *500 cr. credit enhancement fund' nt ay

  3. Back to Plus Back to Plus Threadbare Understanding of Indian Polity& Governance [PT+MAINS] Integrated Indian Economy Jatin Verma 250k followers Jatin Verma 250k followers rc In this course, Jatin will cover all the important aspects of Indian Economy and related Current Affairs relevant for the UPSC Civil Services Exam& other exams conducted by UPSC and the State PSC exams. This course will also be relevant for Economy section of SSC, Banking and other Govt exams. The course will be conducted in English and the notes will also be provided in English. lag In this course, Jatin Verma will cover all the important aspects of Indian Polity and Indian Democracy at work relevant for the UPSC Civil Services Exam, other exams conducted by UPSC and the State PSC exams. The course wilil be conducted in English and the notes will also be provided in English. Next Class on 18th June-7:00 pm Next Class on 18th June-9:30 pm Sessions Watched:0/40 Sessions Remaining: 40

  4. want teo he starting at thh Back to Plus GS Mains Paper-3 through 250 expected Questions & Answers re he Jatin Verma 250k followers e ar k h ent In this course, Jatin Verma will comprehensively cover entire topics of General Studies- . The objective of this course is to enable learners for handling questions on any topic in GS Mains Paper- 3 through Questions-Answer based approach. The course will be conducted in English and the notes will also be provided in English Next Class on 25th June 4:OO pm tis that par eent

  5. want teo he starting LT at thh Glaring mismatch Indians waiting for organs get bypassed by foreigners re Indian recipients over the last three years 2015 2016 2017 2018 152 179 144 58 Kidney 292 339 286 118 International recipients over the last three years he 2015 2016 2017 2018 10 23 31 10 3 12 32 13 Liver Heart e ar k h ent Lungs Heur 5 95 910Hart&ngs 5 32 eart &10 146 9Indian: 5,310 International: 53 91-0 Heart & lungs | 0 | 5 | 32 Lungs 16 28 75 47 Patients' wait list as on June 9, 2018 turart 14 6 9dian5,310 International 0 lungs SOURCE: TRANSPLANT AUTHORITY OF TAMIL NADU Till May tis that en thec

  6. want teo he starting Page 7 Nation: Three of four hearts harvested were given to foreigners. at thh .Director of National Organ and Tissue Transplant Organisation (NOTTO), has flagged the organ transplant racket in Tamil Nadu in a message on a WhatsApp group set up for the express purpose of organ allocation Going by the rule book, allocation of organs to recipients on the waiting list is based on criteria that include the date of registration and the medical condition of the recipient. e.The wealth, race or gender of a person on the waiting list has no bearing on when and whether a person will receive a donated organ. The Transplantation of Human Organs Act of 1994 makes it illegal to buy or sell human organs in India The question is how will TRANSTAN Member Secretary decide whether they asked Indian patients, how many were found fit. There was a meeting of all the stakeholders to decided on clear-cut guidelines in the case of allocating organs to foreigners as three of four hearts in Chennai were given to foreigners Recommendation: TRANSTAN form a committee to look into claims made by private hospitals to the effect that Indian patients developed fever or cold at the last minute and hence became ineligible for the transplant. e ar k h ent . tis that

  7. want teo he starting Health is a State subject, States should implement the guidelines recommended by Director of National Organ and Tissue Transplant Organisation States have to take strong action, they are the appropriate authority to take steps to unravel the truth. at thh . In 2017 alone, foreigners were the recipients in 31 heart transplants, 32 lung transplants, and 32 heart and lung transplants. During the same year, Indians were the recipients in 91 heart transplants, P75 lung transplants, and 6 heart and lung transplants. he. The wait list of active patients as on June 2018 had 53 foreigners, it had 5,310 Indians. re Kerala CM intervenes There are also allegations doing the rounds that organs were harvested without the consent of a brain-dead patient's family to meet the needs of foreign nationals. Last month, Kerala Chief Minister wrote to his Tamil Nadu counterpart seeking an investigation into an allegation levelled by a family in Kerala that a private hospital had retrieved organs from an accident victim without consent. e ar k h ent .The heart taken from the brain-dead patient, was shifted to Chennai and given to an Ukrainian. The lungs were given to an Israeli national An in-depth investigation headed by a Deputy Superintendent of Police is on to unravel the circumstances that led to the harvesting of organs from the victim and how they were allocated to the foreign patients. tis

  8. want teo he starting Official shifted at thh As the probe was gathering momentum, the Health Department relieved the Member Secretary of TRANSTAN. The official said he chose to resign from the post due to "personal reasons." .Asked about allegations that hearts retrieved from Indian patients were given to foreign nationals, Member Secretary said the allocations were made strictly according to rules. They allowed the organ to go to international patients only after the private hospitals confirmed on hethe Whats App group that there were no Indian patients eligible for the transplantation. Though some hospitals initially proposed the hearts for Indian patients, they made a change at the last minute, saying that the patient had developed fever or that there were logistical difficulties, and hence the organ would be given to a foreigner. They have to go by what the transplant surgeon of that hospital says, there is no mechanism to ascertain the genuineness of the claim made by doctors that Indian patients suddenly developed fever or cold. At a high-level meeting on allocation of organs to foreign nationals held in New Delhi, it was observed that "the cost of a transplant, especially a heart transplant, in Chennai is so high that only foreigners are able to afford (it) e ar k h ent .It was decided that strategies for maximising utilisation of organs by Indian recipients should be worked out by State governments and post-transplant data on follow-ups and outcome of transplants for every recipient be compiled. tis

  9. want teo he starting Page 7 Nation: No Indian should be denied .Member Secretary, Transplant Authority of Tamil Nadu (TRANSTAN), says one of her immediate at thh challenges is to bring about transparency in the organ transplantation programme to ensure that all Indian patients deserving an organ get it. Challenges to overcome in TRANSTAN: The immediate challenge is to make this organisation transparent so that no Indian patient is he overlooked in allocation of organs. If the problem of transparency is addressed in the system then probably other things will just fall in place. All Indian patients deserving organs should get it. The NOTTO Director had recently put a note in the official organ allocation WhatsApp group expressing serious concern over foreign patients getting organs bypassing Indians. TRANSTAN was initially operating by sending SMS alerts to hospitals on the availability of organs of brain-dead patients. Recently a WhatsApp group was started with all stakeholders as members, ur which brought about some transparency. e ar k h ent tis that

  10. want teo he starting The Whats App group has definitely improved the level of transparency Process involved in allocating an organ to a hospital: . at thh patient is declared brain-dead in a hospital in Chennai or outside, what happens next? Once a patient is certified brain-dead, TRANSTAN gets an alert that there is a potential donor. After that, we send out an alert in the WhatsApp group to all hospitals. First they make sure that no Indian patient is overlooked. Hospitals should give us a decline hemessage if they don't want to take the organ. If a foreigner is being given an organ by overlooking Indians, then the transplant surgeon has to give valid reasons why they are not being considered Even if there are no Indian patients, we ask other States. After notifying National Organ and Tissue Transplant Organisation, we make another check and allocate the organ to the international patient. When a hospital claims that Indian patients in its wait list are not fit for the transplant and seek the organ for a foreigner, do you have a mechanism to verify the genuineness of their claim? They can't say in one line that they are declining the organ for Indian patients. It has to be turned down case-by-case with a valid reason. There is a possibility that a false claim can be made to give preference to a foreign national. There is no manpower to check all that, they need somebody to go to that hospital and check TRANSTAN has only seven transplant coordinators working for the whole of Tamil Nadu who are working on a contract basis. This is another challenge. e ar ent . tis

  11. want teo he starting Page 1: 'Unique guarantees' to North Korea from U.S. at thh The U.S. has offered North Korea "unique" security guarantees to persuade it to give up its nuclear arsenal on the eve of a historic summit in The White House said preparatory negotiations had "moved more quickly than expected The U.S. administration will only accept complete denuclearisation of the North. In return, e Washington would offer "different and unique" guarantees "to provide them sufficient certainty that re he they can be comfortable that denuclearisation is not something that ends badly for them .The North called the summit "historic," saying it would take place in a "changed era" and "under the great attention and expectation of the whole world. e ar k h ent pun tis that

  12. want teo he starting Page 3: Fishermen oppose CRZ draft at thh An organisation of fishermen in West Bengal has written to the Central government to scrap the draft Coastal Regulation Zone (CRZ) Notification 2018, alleging that it would have adverse effects on their livelihood. Citing that the notification proposes to allow CRZ-IV, which comprises coastal water, transfer of tre hazardous substances from ships to ports, projects related to defence and atomic energy, the association has claimed that "it would destroy the fishing areas of small and traditional fishing communities near shore water .The letter sent by representatives of Kanthi Mahakuma Khoti Matsyajibi Union and Dakshin Banga Matyajibi Forum to officials of the Ministry of Environment, Forest and Climate Change has raised objections stating that the proposed changes would increase "pollution load in the sea and encroachment in the CRZ. ent tis that

  13. want teo he starting Subordinate judiciary (contd.) at thh Even in the Collegium system created by the three judgments of 1993, 1998 and 1999, the right of the government has been acknowledged to seek a reconsideration and also to give inputs. In 2016, 126 HC judges were appointed, which was the highest number in the last 30 years. Since 1989, on average 79 to 82 judges were appointed (per annum) In 2016 alone, 126 judges to high courts were appointed and in 2017, 117 HC judges were e appointed, and till now 30 HC judges have been appointed this year. e ar k h ent What is the Collegium System? It is a system under which appointments and transfers of judges are decided by a forum of the Chief Justice of India and the four senior-most judges of the Supreme Court. It has no place in the Indian Constitution. tis that en thec

  14. want teo he starting Page 10 News: India seeks action against desecration of national flag at thh India has asked U.K. authorities to take action against "miscreants" involved in desecrating the Indian flag during Prime Minister's visit to London in April. India said that while there was a possibility of such an incident, "it was the police's inaction that surprised us," and no arrests have been made in the case despite there being "photographic proof". * rUnion Minister of State for Home is learnt to have told U.K. Minister that he was absolutely he"aghast and shocked" at the unfortunate incident relating to the desecration of the Indian flag at Parliament Square by "miscreants in the presence of Metropolitan Police" during the PM's visit to the U.K Caught on camera .A group under the banner of 'Minorities Against Modi', led by a Pakistani-origin man, was caught e ar k h ent on camera desecrating the Indian flag. Indian agencies suspect that pro-Khalistani activists and Kashmiri separatists jointly carried out the act when PM was in London to attend the Commonwealth Heads of Government Meeting ur India is insisting on urgent action against the culprits who have been caught on video. It has been almost two months since the incident and in spite of photographic proof and witness statements, there have been no arrests or progress in the investigations. tis

  15. want teo he starting Page 10 News: India seeks action against desecration of national flag (contd. Fringe groups * He said that India was disappointed with the anti-India activities of some fringe Kashmiri and Sikh at thh groups that continued unabated in the U.K Increasing instances of better coordination between the Kashmiri and Sikh separatists have come to re our notice. We hope that the U.K. government will take cognisance of such anti-India activities hebeing planned on British soil and take steps to curb them. A senior government official said the flag issue was strongly taken up by the Indian High Commission with the Foreign and Commonwealth Office. The Mission has also submitted video and photographic evidences of the culprits to the e ar k h ent Metropolitan Police and is following up with them tis that

  16. want teo he starting Another London-based source cast doubt on whether Modi would be going down the route of claiming political asylum, saying that the key question would be if he had indefinite leave to remain in Britain (in which case the extradition process would have to kick in) Modi's apparent decision to flee to the U.K. comes at a particularly sensitive time for bilateral relations, with tensions not only over Britain's immigration system (and its treatment of Indian at thh reationals, particularly skilled professionals), but also over the questions about Indian jails raised in he recent court cases. While India has by and large sought to emphasise its respect for the UK judicial system and processes, the issue has surfaced at a political level too e ar .The issue of jail conditions has figured in India's attempt to extradite Mr. Mallya (to Arthur RoadK Prison) as well as alleged bookie Sanjeev Chawla (to Tihar) India is currently appealing a judge's decision to deny the extradition of Mr. Chawla because of concerns around conditions at Tihar. ent tis that

  17. want teo he starting Page 11 News: PM's maternity scheme benefits 23.6 lakh tth After initial hiccups in implementing the maternity benefit programme Pradhan Mantri Matru Vandana Yojana (PMMVY), the government has finally made some headway and provided cash incentives to nearly 23.6 lakh beneficiaries out of an estimated 51.6 lakh a year. The scheme was approved by the Union Cabinet in May 2017 and was expected to be rolled out in treSeptember that year. However, until January 2018, the government programme had covered only he 90,000 women, a mere 2% of the target. .Under the scheme, pregnant women and lactating mothers are offered a cash incentive of 6,000 on the birth of their first child as partial compensation for wage loss, to reduce maternal mortality and malnutrition levels among children. ."Many States like Tamil Nadu, Telangana, Odisha and West Bengal have not yet come on board to nt implement the scheme. As these States account for nearly 25% of the total beneficiaries, we have actually been able to serve 23.6 lakh of the 38 lakh beneficiaries or more than 60% of women. Huge backlog .Due to a huge backlog from last year, the government needed to provide cash benefits to over 100 ay lakh estimated beneficiaries by the end of the financial year 2018-19 An amount of 673 crore has been transferred to the accounts of the beneficiaries out of the total budget of 2,594 crore set aside for the scheme last year, and another 2,400 crore allocated for the current fiscal. The scheme is being implemented on a 60:40 cost-sharing basis with the State Govts.'

  18. want teo he starting States like Tamil Nadu, Telangana, Odisha and West Bengal have their own maternity benefit schemes and have been reluctant to implement the PMMVY, the senior officials were bound to comply because the scheme was a by-product of the National Food Security Act. at thh Benefits under PMMVY: he Cash incentive of Rs 5000 in three instalments i.e. first instalment of Rs 1000/ - on early registration of pregnancy at the Anganwadi Centre (AWC)/approved Health facility as may be identified by the respective administering State /UT, second instalment of Rs 2000/ after six months of pregnancy on receiving at least one ante-natal check-up (ANC) and third instalment of Rs 2000/ - after child birth is registered and the child has received the first cycle of BCG, OPV, DPT and Hepatitis B, or its equivalent/ substitute. e ar k h ent . The eligible beneficiaries would receive the incentive given under the Janani Suraksha Yojana (JSY) for Institutional delivery and the incentive received under JSY would be accounted towards maternity benefits so that on an average a woman gets Rs 6000/ stay tis that en thec

  19. want teo he starting LT The LoE of the Coast Guard helicopter had expired a few months ago, while that of the Navy one is due to expire in June. India has yet to recall either helicopter, in the hope that the matter will beS resolved through negotiations. The controversy took an additional twist last month when visas given to the pilots operating the helicopter expired at the end of May A defence source said that despite requests, the visas were not renewed immediately, causing some concern for the personnel. . at thh . he .The MEA had to step in to sort out the issue and it has now been extended by a month till June end. . The Maldives has also not approved an LoE sent by India for a Dornier maritime patrol aircraft that it had itself requested, but in less tense times. e ar k h ent tis that

  20. want teo he starting Page 11 News: 'Democracy the antidote to IS' . India's secular democracy has ensured that pan-Islamic ideologies, like those professed by terror at thh groups such as Al Qaeda and the Islamic State, do not attract minorities in the country, Minister of State for External Affairs Indian Muslims are the only Muslims in the world who, as such a large community, have enjoyed seven decades of continued democracy," Minister of State for External Affairs told an audience of heinternational experts at a conference on "Tackling insurgent ideologies". Delivering the keynote address, Minister said that what was important was that India wasn't just a democracy, but a secular democracy India is a country where the call of the azaan, the temple bells, gurdwara kirtan and church bells ringing follow each other each day," he said, adding in a lighter vein that Indians "don't believe in silent secularism, of course" In recent weeks, several surveys including a British study of the Islamic State on social media platforms such as Facebook called "Spiders of the Caliphate" have found that Indians havea negligible presence on the Jihadist network online. The studies have concluded that "India's Muslim population is largely resistant to both Al Qaeda and IS recruitment," though it faced elements of the "virtual caliphate" on the borders with Afghanistan, Pakistan and Bangladesh e ar ent tis

  21. want teo he starting LT Religion and state . Referring to India's problem with "cross-border terrorism" indicating Pakistan, Minister said at thh nations created on the basis of religion had contradictions at their premise. Those who believe religion could be the basis of nationalism or creation of a state, actually deny the logic of nation-state. If Islam was the basis for a state, why would there be 22 Arab states, where re they all share one religion and speak one language [Arabic] he e ar k h ent tis that en thec

  22. want teo he starting Page 11 News: India to host first BIMSTEC war games at thh India will host the first military exercise of the BIMSTEC (Bay of Bengal Initiative for Multi- Sectoral Technical and Economic Cooperation) group focussing on counter-terrorism. As part of this, a conclave of the Army chiefs of all seven member-states is being planned. The exercise is scheduled to be held in Pune in the second week of September. The aim is to promote strategic alignment among the member-states and to share best practices in he the area of counter-terrorism The initial planning conference to work out the modalities is scheduled to be held next week and the final planning conference is scheduled in August BIMSTEC was set up in 1997 and includes India, Bangladesh, Bhutan Myanmar, Nepal, Sri Lanka and Thailand. The theme includes counter-terrorism in semi-urban terrain and cordon and search, and each side will bring in some 30 soldiers ent Counter-terror ops . The conclave of Army chiefs is scheduled on the last two days of the exercise, The chiefs will debate the challenge of terrorism and transnational crime, which is a major concern among all the states and on how they can promote collective cooperation BIMSTEC countries held a disaster management exercise in 2017, but this is the first military exercise of the grouping tis

  23. want teo he starting Page 12 World: Talks with N. Korea have moved at a quick pace: U.S. U.S. President that his historic summit with North Korean leader could "work out very nicely" as officials from both countries sought to narrow differences on how to end a nuclear stand-off on the Korean peninsula North Korean leader, one of the world's most reclusive leaders, made an evening tour of sites on P Singapore's waterfront. he Note of caution While U.S. was optimistic about prospects for the summit between the old foes, U.S. Secretary of State injected a note of caution ahead of the first-ever meeting of sitting U.S. and North Korean leaders, saying it remained to be seen whether North Korea was sincere about his willingness to denuclearise Officials from the two sides held last-minute talks aimed at laying the groundwork for a meeting. Offering a preview to reporters, U.S. said it could provide "an unprecedented opportunity to change pur the trajectory of our relationship and bring peace and prosperity" to North Korea. e ar use rent ock e .However, he played down the possibility of a quick breakthrough and said the summit should set the framework for "the hard work that will follow", insisting that North Korea had to move toward complete, verifiable and irreversible denuclearisation. Sanctions on North Korea would remain in place until that had happened. If diplomacy does not move in the right direction those measures will increase. frs

  24. want teo he starting The White House later said discussions with North Korea had moved "more quickly than expected" and U.S. officials would leave Singapore, after the summit. North Korea's first stop was a waterfront park with futuristic installations, Gardens by the Bay, which boasts the largest glass greenhouse and tallest indoor waterfall in the world. He joined Singapore's Foreign Minister. He waved, he smiled he.On the way back to his hotel, walked along a promenade near the Merlion, a giant statue, and re fountain, of a mythical creature, half lion, half fish Singapore's unofficial mascot. The rare public appearance of North Korean, waving and smiling to onlookers, adds to the more affable image of the young leader that has emerged since his summit with South Korean leader. e ar k h ent . Gaps remain over what denuclearisation would entail, U.S. sounded a positive note in a lunch meeting with Singapore's Prime Minister. tis that

  25. Island only accessible via cable car, monorail, HISTORY pedestrian causeway and vehicle t MALAYSIA a) Denuclearisation b) End to the South Korea estimates that th North and South North has 50 plutonium, enough lly at war Korean war Sentosa station SINGAPORE kg of Korea remain Universal Studios U.S. President Donald Trump and North Korean leader Kim Jong-un will sit down theme park Sentosa for 10 bombs after the 1950-53 armistice Kim and South Korean President on Tuesday for an unprecedented summit that has raised hopes of progress on the u.s. demand June 10-14 troubled Korean peninsula issue Complete, verifiable At their summit in April, and irreversible denuclearisation. In Trump's words,treaty and Trump mused earlier this "they have to de-month: "Can you believe we're talking Sentosa Moon Jae-in nuke. if they don'tabout the ending of the Korean War? Marina Capella Hotel denuclearise, that Seoul announced last week that it will not be acceptwas in three-way talks with Pyong- Sentosa golf club able. yang and Washington for an "early declaration that the war is over / Capella Hotel: 112-room re- What North Korea says It is committed to "denuclearisa- tion of the KoreanTrump has hinted at inviting Kim to That could precede a full treaty c) Normalisation of ties the White House The cost: The summit is expected to cost about $15 million, an amount Singapore says it s willing to spend by British architect Norman Foster features grandu colonial-style buildings It has, however,aybewe'll start with the not offered any White House, what do you think?" he said when asked if Kim would be invited With regard to sanctions, U.S. says they will end only when denuclearisa- tion is complete. The North wants a phased relief TEAM TRUMP: Secretary of State Mike Pompeo I Chief of Staff John Kelly and his deputy Joe Hagin I National Security Adviser John Bolton I National Security Council's Asia director Matthew Pottinger

  26. want teo he starting Page 12 World: SCO can be a vehicle to better India-Pak. ties' . China and Russia proposed that the eight-nation Shanghai Cooperation Organisation (SCO) can at thh become a peace platform to resolve India-Pakistan differences. In an interview with state broadcaster CGTN, Chinese Foreign Minister said that the SCO, which has been expanded with the inclusion of India and Pakistan, could provide a "better platform" to p resolve the bitter feud between New Delhi and Islamabad of over seven decades. he.There are unresolved historical conflicts existing between Pakistan and India. But after their joining re the SCO, better platform and opportunities for the building of relations between them can be provided The SCO serves a great vehicle for bettering the two nations' relations. As a result it will better safeguard the peace and stability of the region although their relations have seen their ups and downS Russian President hoped that the SCO forum can provide India and Pakistan an opportunity to resolve their differences in a "multilateral format" All countries of the region will use this platform for in-depth work in a multilateral format and resolve their differences e ar k h ent tis

  27. want teo he starting Page 12 World: Indian-origin Ministers plav kev role . Two Indian-origin Ministers in, played a key role in facilitating a hassle-free summit . Singapore's Foreign Minister, made important visits to Washington, Pyongyang and Beijing in at thh recent days to ensure that there would be no last-minute spoilers Singapore's Minister for Law and Home Affairs and he has the responsibility to make sure that the resummit goes without a hitch from the security point of view. he. The summit comes after 70 years of suspicion, war and diplomatic failures. This is not the way conventional diplomacy would have been conducted, but perhaps you need two very unconventional leaders to have brought us to this stage,. They may be able to pull rabbits out of a hat that the rest of us conventional diplomats would not have been able to do. e ar ent tis that

  28. want teo he starting Page 13 Business: Petrol, diesel sales hit record high in May (contd. Diesel exports . India's diesel exports during March to April this year were 3.79 million tonnes, down 22% from 2 4.87 million tonnes of the industrial fuel exported during the same time last year. Last month, petrol and diesel pump prices in India surged to record highs, raising pressure on Prime Minister's government to find a solution to provide relief to consumers without taking a hit on its finances 9 8 heThe recent rise in global crude prices was largely behind the surge in domestic prices. e ar k h that

  29. want teo he starting Page 13 Business: Reserve Bank aims to tighten working capital loan norms The Reserve Bank of India (RBI) has proposed a minimum 40% loan component for working at thh 50 crore and above to bring in greater credit discipline and improve monetary capital funding of transmission. According to draft guidelines, the RBI has proposed that the loan component of 40% will come into effect from October 1 and will be increased to 60% from April 1, 2019. re he. The loan's tenure will be minimum seven days "Effective from April 1, 2019, the undrawn portion of cash credit/overdraft limits sanctioned to the large borrowers, irrespective of whether unconditionally cancellable or not, shall attract a credit conversion factor of 20%," the RBI said. This means banks have to set aside capital for undrawn portion of cash credit limits e ar k h ent Repavment schedule Currently, working capital is mostly in the form of cash credit for which interest rate is reset once a u year. Also, cash credit does not have a tight repayment schedule. The proposed new norm will address the following issues: .First, if there is a loan component then there will be a repayment schedule which will put pressure on borrowers to manage their liquidity Secondly, since the loan component will have a fixed tenure, the reset clause can be invoked at the end of each tenure period. tis

  30. want teo he starting LT ."While cash credit has its benefits, it also poses several regulatory challenges such as perpetual roll overs, transmission of liquidity management from the borrowers to banks/RBI, hampering of smooth transmission of monetary policy, etc.," the RBI added. re he e ar k h ent tis that en thec