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12th September Part-1: Daily News Analysis
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Rishab Arora
Graduate in Economics. Gold medal in Dissertation, Prepared various documents on Demonetisation and GST, Share-trading and many more

Unacademy user
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10 months ago
Q 1 b... Q 2 d... Q 3 c.
Q 1 b... Q 2 d... Q 3 c.
Q 1 b... Q 2 d... Q 3 c.
  1. Back to Plus 50 Core Exam Centric Topics of GS Paper 2 Rishab Arora o 3k followers 142/1447unacademy Youlube E3 10th October to 4th November 2018 In this Course, Rishabh Arora will demystify the myth of GS-lI which happens to be the most interesting yet difficult part in UPSC Civil Services Examination. Learners will get exposure to an In-depth knowledge and understanding of most important topics of Indian Polity, Indian Constitution and Governance. This course will help learners in improving their understanding of the basic topics as well as current affairs The Course will be conducted in Hindi and the Notes will also be provided in English. 24 hours of live classes Private Discussion Forum Doubt clearing sessions a Shubhankar from Unacademy Team R3,500 Answer this short quiz or us: 1. Already enrolled in Plus Courses. 2. Not enrolle... Apply for this Plus Course O Last date to apply is 30th Sept LIMITED SEATS, Cost increases on 13th Sept Cj

  2. Q1- Consider the following statements about Pondicherry Shark 1.lts conservation status is same as that of a tiger under the Wildlife Protection Act of 1972 2.It is a Critically Endangered species according to the Red List of IUCN 3.Conservation efforts for the species have been very difficult owing to the very less scientific information that is available Select the correct given below- A) 1 and 3 only B) 1 and 2 only C) 2 and 3 only D)AlI

  3. Q2- Which of the following states in India share their border with Bangladesh? 1.Sikkim 2.Assam 3.Manipur 4.Nagaland Select the correct given below- A) 1 and 2 only B) 2 and 4 only C) 3 and 4 only D) 2 only

  4. Q3- With respect to Heritage Irrigation Structures (HIS) tag, consider the following statements. is given by the International Commission on Irrigation and Drainage (ICID) 2.The objective behind the tag is to protect/preserve historical irrigation structures across the world which are at least 100 years old 3.Structures with HIS tag are confined to the northern part of India in the Ganga river basin Select the correct given below A) 1 and 3 only B) 2 and 3 only c) 1 and 2 only D) All

  5. Q-4 HAL Tejas was in news recently. Consider the following statements in this context. recently demonstrated the process of mid-air refuelling by transferring. 2.The IL-78 MKI tanker which was used for the transfer was indigenously built Which of the statement(s) is/ are not true? A) 1 only B) 2 only C) Both D) None

  6. Small loans could turn bad: Rajan (GS-3) (Page-1) Nuggets from the 'note' What Raghuram Rajan told the parliamentary panel Why did NPAs occur a referee and not a player Over-optimism of promoters and banks, growth slowdown,Wiy asset quality review delay in staturtory approvalsbad loans, not making loss of interest in delayed projects, malfeasanice among long-tirme NPAs and had bankers and frauds adequate provisions for slowed down credit growth Dld RBI create the NPAS -Bankers, promoters and diraumstances created NPAs. The RBI is primarily Eye on the ftuture a Govt. should refrain from setting ambitious credit targets and waiving loans Need an empowered group to clean up banks

  7. Former RBI Governor Raghuram Rajan has cautioned that the next crisis in India's banking sector could come from loans given to the unorganised micro and small businesses, called MUDRA loans, and credit extended through the Kisan credit card. * MUDRA loans are offered under the Prime Minister Mudra Yojana or PMMY, launched in 2015 by the NDA government. A total of Rs. 6.37 lakh crore has been disbursed under the scheme by public and private sector banks, regional rural banks and micro-finance institutions till date, as per data from the Micro Units Development and Refinance Agency (MUDRA) website.

  8. Credit targets In a note on bank non-performing assets (NPAs) prepared at the request of Murli Manohar Joshi, Chairman of the Parliament Estimates Committee, Dr. Rajan said the government should refrain from setting ambitious credit targets or from waiving loans. "Both MUDRA loans as well as the Kisan Credit Card, while popular, have to be examined more closely for potential credit risk," Dr. Rajan wrote in his 17-page note. He also flagged the Credit Guarantee Scheme for MSMEs, run by the Small Industries Development Bank of India, calling it "a growing contingent liability" that needs to be examined with urgency. * He pointed out that most of the bad loans were created during 2006-08, a period that coincides with the first term of the UPA. "A large number of bad loans originated in the period 2006-2008 when economic growth was strong... it is at such times that banks make mistakes," he wrote.

  9. Countering the BJP, which cited this reference to attack the UPA regime, the Congress claimed that NPAs of public sector banks were a "controllable" Rs. 2.83 lakh crore when the UPA demitted office in May 2014 but now it had gone up to Rs. 12 lakh crore The former RBI Governor also revealed that he had shared a list of high-profile fraud cases with the Prime Minister's Office in order to "coordinate action to bring at least one or two to book" but he did not mention whether it was done during the UPA's time or the NDA's.

  10. 'Damage to Aravallis scary' (Gs-3) (Page-1) The Supreme Court on Tuesday ordered the demolition of structures built illegally by a prominent builder in the protected forests of the Aravallis, noting that ecological damage done by colonisers to the ancient hills was irreversible and "quite frightening." A Bench of Justices Madan B. Lokur and Deepak Gupta ordered that all structures built after August 18, 1992 in the area known as 'Kant Enclave' at Anangpur in Faridabad district of Haryana should be demolished They have to be razed down by December 31, 2018, the court said. It held that these illegal structures defy a Haryana government notification of August 18, 1992, issued under the Punjab Land Preservation Act, declaring the area as forest land and fragile. Granted exemption * The court, however, ordered not to disturb constructions made between April 17, 1984 and August 18, 1992. These structures were built on the basis of an exemption given to Kant &Co by the State's town planning department under the Haryana Development and Regulation of Urban Areas Act of 1975 for setting up a "film studio and allied complex" in the area

  11. Central panel silent on role of Mullaperiyar in Kerala floods (GS-2) (Page-5) The Central Water Commission (CWC), in its report on the role of dams in the Kerala floods, has omitted analysis of the operations of the Mullaperiyar dam, the contentious reservoir located in Kerala and operated by Tamil Nadu. It has, however, detailed descriptions of the water-release patterns in the ldukki and ldamalayar dams on August 15, 16, and 17, when the rains reached their zenith. * An official, who did not want to be identified, said this was because the Mullaperiyar dam had "no role" in magnifying the disaster - a position that is against the Kerala government's position. 'No assurances given' The role of the dam assumed significance after the Kerala government, on August 23, claimed in the Supreme Court that sudden release of water from the Mullaperiyar dam was a cause for the floods in the State. Kerala said communication from its Water Resources Secretary and the Chairman of the Supervisory Committee on Mullaperiyar dam to gradualy release water evoked no positive assurances from the Tamil Nadu government

  12. India's first missile tracking ship is readying for sea trials (Page-7) (GS-3) Once ready, it will be India's first, a force multiplier and cruise the country into a global elite club. Hindustan Shipyard Limited (HSL) is gearing up to undertake sea trials of India's first missile tracking ship by the first week of October. The keel of the ship, which was laid on June 30, 2014, is being built for the National Technical Research Organisation, the technical intelligence agency working directly under the supervision of the Prime Minister's Office and the National Security Adviser. Considered a "topmost secret project", a lot of confidentiality is being maintained in executing the project costing about 750 crore. It will be named after its induction into the Indian Navy. For now, it is simply referred as VC 11184. Strategic weapons prog. This will be the first of its kind ocean surveillance ship being built as part of the efforts under the NDA government to strengthen the country's strategic weapons programme

  13. 12 special courts set up to try MPs, MLAs: Centre tells SC (Page-10) (GS-2) The Centre on Tuesday informed the Supreme Court that 12 special courts have been set up across 11 States exclusively to try sitting MPs and MLAs. Delhi has two such courts, while Andhra Pradesh, Telangana, Karnataka, Kerala, Tamil Nadu, Uttar Pradesh, Bihar, West Bengal, Maharashtra and Madhya Pradesh have one each. Six are sessions courts and five are magisterial courts. "The class of court in Tamil Nadu is not indicated," the Centre's affidavit said. The special court in each State would have jurisdiction over the entire State while the two in Delhi would cover cases within the precincts of Delhi or "partly Delhi" * The Supreme Court had on December 14, 2017 ordered that special courts be set up across the country to fast-track the long-pending trials of lawmakers. These courts would devote themselves for the purpose.

  14. BIMSTEC embarrassment for India (Page-11) (GS-2) India is facing an embarrassing situation at the first ever military exercise of the regional grouping BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) with Nepal and Thailand backing out from sending full contingents. On Tuesday, Nepal also conveyed that their Army Chief would not be able to attend the Chiefs' conclave scheduled as part of the exercises. * "All participating nations except Nepal have confirmed their Army Chiefs would attend the Chiefs' conclave scheduled as part of the exercise," a defence official said on condition of anonymity. "The reason was their new Chief has just taken charge and has a large number of commitments." Nepal, which had initially confirmed its participation with a full contingent, pulled out in the last minute and instead sent three observers. The official communication from the Nepal Army was that "it was a political decision." General Purna Chandra took charge as the Chief of Nepal Army on Sunday.

  15. "Thailand has conveyed that they had budgeting constraints and so will send only observers," said an official, who did not wish to be identified. * The Ministry of External Affairs (MEA) did not respond to questions on the issue. Ambassador Chutintorn Gongsakdi of Thailand indicated that Thai government had not had sufficient time for preparation. "Thailand is absolutely committed to BIMSTEC. That is why we are observing MILEX, "he said. "This [level of participation] is due to fiscal year ending in September and MILEX being an unforeseen event," he added. According to defence sources, a formal communication about the exercise was sent to all the countries in the grouping in end May. The initial meeting to plan the modalities of the exercise was held on June 19-20 and the final planning conference was held on August 2-3. BIMSTEC was set up in 1997 and includes India, Bangladesh, Bhutan, Myanmar, Nepal, Sri Lanka and Thailand.

  16. The International Criminal Court (ICC) is an intergovernmental organization and international tribunal that sits in The Hague in the Netherlands The ICC has the jurisdiction to prosecute individuals for the international crimes of genocide, crimes against humanity and war crimes. The ICC is intended to complement existing national judicial systems and it may therefore only exercise its jurisdiction when certain conditions are met, such as when national courts are unwilling or unable to prosecute criminals or when the United Nations Security Council or individual states refer situations to the Court. * The ICC began functioning on 1 July 2002, the date that the Rome Statute entered into force. The Rome Statute is a multilateral treaty which serves as the ICC's foundational and governing document. States which become party to the Rome Statute, for example by ratifying it, become member states of the ICC. Currently, there are 123 states which are party to the Rome Statute and therefore members of the ICC.

  17. Bankruptcy court should be the final option: Rajan (GS-3) (Page-13) Former RBI Governor Raghuram Rajan is of the view that bankruptcy court should be the final option and loan renegotiation should be done under its shadow, not in it. "Banks and promoters have to strike deals outside of bankruptcy, or if promoters prove uncooperative, bankers should have the ability to proceed without them," he said in a note prepared for the Parliament Estimates Committee at the request of its chairman Dr. Murli Manohar Joshi. * Dr. Rajan's statement assumes significance in the backdrop of the ongoing resolution of 20 power sector NPA accounts where there's a tussle on between the RBI and banks. * In a different context, the former RBI governor blasted those who were saying that the RBI was responsible for the slowdown in credit and the economy because of its push to recognise NPAs, calling such claims "ludicrous".

  18. & Conceding that the RBI "should probably have raised more flags about the quality of lending in the early days of banking exuberance," Dr. Rajan said that with the benefit of hindsight, the RBl should not have agreed to forbearance. * He also defended the much-criticised asset quality review initiated by him during his tenure, saying that it was necessary because banks were simply not recognising bad loans, not following uniform procedures for recognition, and not making adequate provision for loans that had stayed as NPAs for a long time. Looking ahead, Dr. Rajan said that governance of public sector banks had to be improved by professionalising boards and depoliticising appointments by handing it over to the Banks Board Bureau. He suggested introduction of outside talent into top management of PSBs given the talent deficit they faced.