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DAILY NEWS ANALYSIS from THE HINDU, TO 2TH AUGUST 2017 By JATIN VERMA Educator Unacademy For Daily The Hindu News & Editorial analysis- Visit my Unacademy profile- www.unacademy.com/user/studiousjatin
*Page-5: Political storm hits Athirappilly project G.S.-2 Polity & Governance: Development vs. Dispalcement Dilemma] . Attempts of the Kerala State Electricity Board (KSEB) Limited, to beat the August 18 deadline set by the Ministry of Environment for beginning work on the controversy-marred Athirappilly hydel project, has sparked a political storm in the State. The attempt is to establish that they have already started the project before the expiry of the environmental clearance Objections: [I]The KSEB had done this even as a writ petition is pending at the Kerala High Court, and without going through the tender process. [IIThe hydel power project, which proposes the construction of the seventh dam along the 145 km course of Chalakudy river, will sound the death knell for what remains of endemic species of flora and fauna in the region. [Il]According to Western Ghats Hornbill Foundation, all studies, including that by the Western Ghats Ecology Expert Panel, had noted that the project, which would affect 138 hectres of forest land and dry up the already thin Athirappilly waterfall, was environmentally unfeasible. Though handing over of 138 hectares of forest was cleared in 1999, the land had still not been handed over to the KSEB. The technical and economic clearance granted for the project had also expired in 2008.
Page-8:Let House work:Vice President. [G.S. -2: Polity & Governance- Constitution] President administers the oath of office to Vice President. The Vice-President Of India (Articles 63-73) . Article 69 (Oath or affirmation by the Vice-President): Every Vice-President shall, before entering upon his office, make and subscribe before the President, or some person appointed in that behalf by him, an oath or affirmation in the prescribed form . Page-9: Law itself allows cattle slaughter, SC tells govt.[G.S. -2: Polity & Governance] . If slaughtering cattle for food or religious sacrifice is allowed under the Prevention of Cruelty Act, why did the government ban the sale of cattle for these purposes in the new livestock market rules, the Supreme Court asked the Centre. food and religious sacrifices require a person coming to the market to give a written undertaking that he will not sell his cattle for . A Bench of S.C. pointed out that the Prevention of Cruelty to Animals Act,1960 allowed slaughter for . On the other hand, the Prevention of Cruelty to Animal (Regulation of Live- stock Market) Rules of 201Z slaughter. . How can the Centre insist that a person should give a written under- taking that he is not bringing cattle to the market for sale for slaughter? This is an interference of his funda- mental right to carry on trade, protected under the Prevention of Cruelty Act.
Nihalani removed as CBFC chief: Mukul Mudgal Committee was constituted to review the mandate and functionary of CBFC. [G.S. -2: Polity & Governance- Statutory Bodies] Classification of films: Committee suggested a shift to the internationally prevalent practise of age-related classifications and certifications. As against the current practise of 'U, 'U/A, and A' certification, the Committee has proposed to break-up U/A' by age to 12+' and '15+' while retaining "U'and 'A TheS' classification for restricted circulation has been retained. No State government can order the suspension of a film. The Central government can only invoke this clause only after a show-cause notice has been given in writing to the film-maker setting out the grounds for proposing such a move and giving him/her reasonable opportunity to respond. Entry 60 of List I of the Seventh Schedule to the Constitution categorically places legislation relating to sanction of film for exhibition in the domain of the Central government. Further, the specific language of Entry 33 of List-II of the same Schedule Provides that this entry is subject to the provisions of Entry 60. . What do understand by the concept "freedom of speech and expression"? Does it cover hate speech also? Why do the films in India stand on a slightly different plane from other forms of expression? Discuss. [UPSC CSM G.S. Paper-2;2014]
Page-9:System lighter by 3.5 lakh crore of cash: Economic Survey Demonetisation has reduced 3.5 lakh crore of cash from the amounts available in the system before, and digitisation has increased across the board, even among the poor. In levels, and as a share of GDP and money, there seems to have been a sharp and equilibrium decline in the use of cash: as of July, the holding of cash is about 3.5 lakh crore (20%) less than what might have been the case had pre-demonetisation trends prevailed, consistent with the calculations presented in Volume l. The report analysed the effect of demonetisation on the informal sector via two proxies: [i]demand for MGNREGA work, and [ii]two-wheeler sales -since the economic indicators collected by the government themselves do not include data from the informal sector . Growth of Taxpayers. The growth of taxpayers post-demo netisation was significantly greater than in the previous year (45% versus 25%). The addition amounted to about 5.4 lakh taxpayers or 1% of all individual taxpayers in just a few months. It is, however, interesting that the average income reported of the new taxpayers 2.7 lakh- was not far above the tax threshold of 32.5 lakh, so the immediate impact on tax collections was muted.
S. Page-I 1 :The challenge is growth rebound in short term, . The Reserve Bank of Indian and the government have substantially overachieved on infation. For the last 10 months, our estimate is that we have done better than whatever target we set ourselves by about 150 basis points on an average for almost a year. . Our assessment, if you put all of this together, is that by March 2018, we would be well within the inflation target and average inflation for the year as a whole would be well below target. Even if you reach about 4% by end-March, inflation for the year as a whole,which is a more important number, that will be closer to the 3% mark. There's been an across-the-board deceleration in real activity since the first or second quarter of last year & it is quite telling that for the first time, many indicators credit growth, IIP, GVA, manufacturing, investment all point to the same direction of deceleration in growth. . A number of countries that experienced a credit boom, growth boom and then a credit and growth collapse . India didn't de-leverage at all. So it is almost premature to say that growth can rebound very quickly unless we clean up and do the de-leveraging.
/Push for law to ensure transparency rules [G.S.-2&3: Governance & Ease of Doing Business] Anage citizen could easily access the latest rules and Need for Transparency of Rules Arguing that India would benefit enormously if the average citizen could easily access the latest rules and regulations in a comprehensible format, the survey suggests a Transparency of Rules Act (TORA) as a possible solution. Rationale: [i] opaque mesh, of regulations prevalent in India not only make life difficult for citizens who cannot feign ignorance of rules as a valid defence, but also act as a magnet for corruption and endless litigation [i] It is not easy for ordinary citizens [and businesses] in India to navigate the multitude of rules, regulations,forms, taxes and procedures imposed by various tiers of government. . It is solely about the ease of finding out what the citizen is expected to do, the Survey said even . 'Attempt to change': The TORA is an attempt to change in some ways the relationship between the . All forms of governance are based on citizens being expected to follow the rules. Unfortunately, in India, [ii] Moreover, these rules frequently change and sometimes contradict each other government officials struggle to keep up with 'the latest version' of complicated rules. average normal citizen and the State. very often, the rules are not so transparent.
Page-l1:Survey backs U.P model on farm loan waivers The Economic Survey assumes that other States will follow Uttar Pradesh's example and waive farm loans, taking the full waiver amount to 32.2-2.7 lakh crore. The Survey's own calculations find that only a few States have the fiscal space for such waivers, and so most will have to either cut expenditure or increase taxes.The total impact of waivers could be to lower demand by as much as 0.7% of the GDP . . It is assumed that waivers will apply at the loan rather than household level, since it will be administratively difficult to aggregate loans across households. "It is also assumed that other States will follow the U.P model of waivers up to lakh for all small and marginal farmers. On this basis, an upper bound of loan waivers at the All-India level would be between 32.2 and 32.7 lakh crore . The Survey says the waivers will have four effects on aggregate demand: [ilon private consumption impact via increases in private sector net wealth, [i]public sector impact via changes in government expenditure/taxes, [ii] crowding out impact via higher borrowings by State governments,and [iv]crowding in impact via higher credit availability as bank NPAs fall. . Loan waivers will increase the net wealth of farm households. Since loan waivers are assumed to increase aggregate income by 28%, consumption is estimated to increase by 7% or about 55,000 crore
. The survey estimated that for States with fiscal space, loan waivers would add about 76,350 crore to demand via the additional interest costs and for States without space, waivers could reduce demand by about? I .9 lakh crore. The Survey's calculations show that while Andhra Pradesh, U.P, Rajasthan, Himachal Pradesh, Kerala, Odisha, and Chhattisgarh have no fiscal room to waive farm loans, States such as Maharashtra, West Begal, Karnataka and Gujarat have ample space.
Page 10 World News: India keen to run Sri Lanka airport [G.S. -2:Bilateral Relations] India has expressed interest to operate Sri Lanka's second international airport situated in Mattala, about 40 km from the southern town of Hambantota, where China has majority stake in a strategic port it built. The Sri Lankan government cleared Civil Aviation Minister's request for a committee to study the Indian government's proposal. India proposes to "operate, manage, maintain and develop" the airport through a joint venture, holding 70% of the equity for 40 years According to the Minister's Cabinet paper, India is to invest $205 million in the venture, while Sri Lanka would pitch in the balance $88 million The development comes less than a fortnight after Sri Lanka signed a $1.I billion deal with China, giving the state-run China Merchants Port Holdings a 70% stake in a joint venture to run the port. Additionally, Colombo also roped in China to help develop an industrial zone in the adjoining land, spanning some 15,000 acres. Chinese loans: Built in 2010 by the government of former Sri Lankan President with Chinese loans, the port was deemed commercially unviable by his successor government, which decided to sell a majority stake to service part of the $8-billion debt Sri Lanka owes China. Beijing sees the port as a useful link in its ambitious One Belt One Road initiative Amid New Delhi and Washington's known apprehension over the Hambantota agreement-given the town's strategic location on the islands southern coast Colombo tweaked the port deal last month and said no foreign naval ship could call at the port without prior clearance
Ease norms for airlines to fly abroad, . The Economic Survey has suggested a mix of protectionism for domestic airlines and liberal norms for flying abroad to bolster their share in international air traffic. . The Survey said a large increase in capacity entitlements under bilateral air service agreements with foreign countries has helped foreign carriers in gaining a large share in the international traffic to and from India as domestic carriers have under-utilised their rights. About 38% people fly in and out of India through Indian carriers as per estimates for January-March 2017 . Indian domestic airlines have a very low share in international traffic to and from India. Reasons: foreign airlines utilising the sixth freedom of the air, [ilexpansion of capacity entitlements under bilateral air service agreements with foreign countries, [iij lower utilisation of India's own capacity entitlements, [iv]the 0/20 rule and fleet constraints are responsible for the same. 'Sixth freedom': Sixth freedom is the bilateral air traffic right to fly from a foreign country to another foreign country while stopping in one's own country.For instance, Emirates operates flights betweern India and the U.K. while stopping at Dubai, its home state. Sixth freedom traffic constituted 61.14% of the total international traffic in 20 l 5-16, increasing from 59.15% in 2014-1 5.The Survey said this had reduced the share of direct, long-haul flights for Indian carriers from 25% in 201 1-12 to 20.5% in 2015-16. hile stopping atDubaiaitinho oms 9.15%in2014-151112 to 20.5%)
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Other Courses by me: Mediumm 1. The Hindu News Analysis 2. The Hindu Editorial Analysis 3. Daily PIB Summary Live Now. 4. Daily MCQs on Current Affairs 5. Yojana/Kurukshetra Analysis Coming son. [Hindi & English] 6. Indian Polity Crash Course 7. Most Important Current Affairs. [Hindi & English] [Hindi & English] [Hindi & English] [Hindi & English] [Hindi for now] [Hindi & English]. Sunday-weekly DNA Review: Sunday-weekly Editorial Review: A re-cap of Most Important News of the week A re-cap of Most useful Editorials of the week