Jatin Verma is teaching live on Unacademy Plus
DAILY NEWS ANALYSIS from THE HINDU 13thJuly 2017 By JATIN VERMA Educator Unacademy For Daily The Hindu News & Editorial analysis- Visit my Unacademy profile- www.unacademy.com/user/studiousjatin
Page-1+10: Bitcoin trade may come under SEBl. TG.S. Paper-3: Money Laundering- Linkages] G.S. Paper-3: Money Laundering- Linkages] currencies, such as Bitcoin. . What is it: Crypto-currency is a digital currency which allows transacting parties to remain anonymous while confirming that the transaction is a valid one Risk: It is not owned or controlled by any institution-governments or private Our Concern: What if Bitcoin is de-monetised tomorrow? . There are multiple such currencies Bitcoin, Ethereum and Ripple are some of the popular ones. Present status: they are neither illegal nor legal in India. Value:One bitcoin today is worth as much as 60 grams of gold. Total Market cap for all crypto-currencies has just crossed $100 billion, with most of the increase coming in the past few months. On April I, the total market cap was just over $25 billion, representing a 300% rise in just over 60 days. For Indian Polity Crash course, Visit my Unacademy profile- www.unacademy.com/user/studiousjatin
The point: is to treat such currency in a manner similar to gold sold digitally, so that it can be traded on registered exchanges in a bid to promote" a formal tax base, while keeping a tab on their use for illegal activities such as money laundering, terror funding and drug trafficking. h as money laundering, terror funding and drug traffcking 'Both sides of Bit-coin: Advantages of recognising Crypto-currencies: ] It would enable the levy of the Goods and Services Tax on their sale; [i] Regulatory may possibly bring their trading under the oversight of the stock market regulator, Securities and Exchange Board of India (SEBI) . Disadvantages: [i] It allows transacting parties to remain anonymous while confirming that the transaction is a valid one. [i] It might lead to proliferation of black money [ii] Tantamount to legitimising Speculative risk taking . Bitcoins were in the news recently when during the two global cyber ransom- ware attacksWannaCry and Petya attackers sought about $300 in bitcoin as ransom. Banning will give a clear message that all related activities are illegal
Page 1: India-China trade talks dead-locked. G.S. Mains Paper-2: International Relations Trade alks between India and China remained deadlocked with neicher side willingto offef concessions to end the impasse. Recent bilateral talks on issues relating to farm products, which took place in the backdrop of the military standoff in the Doklam area of the India-Bhutan-China tri-junction, failed to make any headway. China deferred taking a decision on grant of market access to Indian rice, pomegranate, okra and bovine meat, while India opted to stick to its ban on imports of apple.pear.milk and milk products from China. The discussions were held with visiting officials from the General A Supervision, Inspection and Quarantine of China (AQSIQ)- the body"in charge of national quality, metrology etc. on of Quality For Daily The Hindu News & Editorial analysis- Visit my Unacademy profile- www.unacademy.com/user/studiousjatin
Trade Deficit between India China: . India has an alarming trade deficit due to obstacles to market access in China. India's goods trade deficit with China, which had ballooned to $52.7 billion in 2015-16 from just $1.1 billion in 2003-04,eased. India's animal husbandry department is learnt to have raised the issue of lack of market access for Indian bovine meat in China. China is yet to lift the import ban on India's bovine meat that it had first imposed in 1990 in the wake of incidence of Foot-and-Mouth Disease (FMD) in India. . The Indian side, in the recent talks, had pointed out that India through a strong FMD control programme -had ensured FMD-free regions, and that bovine meat was being exported to many countries from those areas. FMD: It is a viral contagious animal disease. [G.S. Mains Paper-3: Food processing] -It affects all susceptible cloven-footed animals, including domestic and wild bovines -The virus causes a high fever for two or three days, followed by blisters inside the mouth and on the feet that may rupture and cause lameness -It can be spread by infected animals through aerosols, through contact with contaminated farming equipment, vehicles, clothing, or feed, and by domestic and wild predators
Page 1: Five-judge Bench to hear Aadhaar pleas. [G.S. Mains Polity & Governance: Rights] . A five-judge Bench of the Supreme Court will hear a bunch of petitions challenging the constitutionality of the Aadhaar scheme, primarily whether there is a violation of the right to privacy as it requires citizens to part with their biometric details to access welfare and benefits Right to privacy: . Justice Chelameswar enquired why the court had not heard the main plea on the constitutionality of Aadhaar despite a Bench led by him, way back in 2015, having referred the question whether a person can voluntarily shed his right to privacy by enrolling for Aadhaar to access government welfare services for hearing by a Constitution Bench. During the hearing. AG highlighted two judgments of the court -M.P. Sharma of 1954 and -Kharak Singh of 1963-both of which held that Article 2l of the Constitution, including the right to privacy, was subject to reasonable restrictions. www.unacademy.com/user/studiousjatin
Page l:6,000 sq.km Antarctic iceberg splits [G.S. Mains Paper3: -Ecology & Environment] . One of the biggest icebergs ever recorded has just broken away from Antarctica. The giant block is estimated to cover an area of roughly 6,000 sq. km. . An U.S. satellite observed the berg while passing over a region known as the Larsen C Ice Shelf. Scientists were expecting it.They had been following the development of a large crack in Larsen's ice for over a decade.The rift's propagation had accelerated since 2014, making an imminent calving ever more likely. imanen iel io everdTpagation had accelerated since 2014 making arn . The more than 200 metre-thick tabular berg will not move very far, very fast in the short term, but will need to be monitored. Currents and winds might eventually push it north of the Antarctic where it could become a hazard to shipping. An infrared sensor on the American space agency's Aqua satellite spied clear water in the rift between the shelf and the berg on Wednesday. . The Larsen C shelf is a mass of floating ice formed by glaciers that have flowed down off the eastern side of the Antarctic Peninsula into the ocean. For Daily The Hindu News & Editorial analysis- Visit my Unacademy profile- www.unacademy.com/user/studiousjatin
The new Larsen berg is probably in the top 10 biggest ever recorded. The largest observed in the satellite era was called B-15. It came away from the Ross Ice Shelf in 2000 and measured some 11,000 sq. km. Six years later, fragments of this super-berg still persisted and passed by New Zealand. . In 1956, it was reported that a U.S. Navy icebreaker had encountered an object of roughly 32,000 sq. km. That is bigger than Belgium. But there were no satellites at the time to verify the observation For Daily The Hindu News & Editorial analysis- Visit my Unacademy profile- www.unacademy.com/user/studiousjatin
Page 6: Cabinet clears widening of Manipur-Myanmar road [G.S. Mains Paper 3: Security challenges and their management in border areas: Infrastructure] The Union government approved a 630 crore road project in Manipur, which is a vital link in providing road connectivity up to Thailand and Malaysia. . The Cabinet Committee on Economic Affairs gave its nod for upgradation and widening of 65 kms of the . This road project till Moreh in Manipur will touch the Mynamar border through which we can go to . So, road link between India and Bangkok will be a reality due to this vitally import international project Imphal-Moreh Section of National Highway 39 in Manipur. Bangkok and further to Indonesia and Malaysia. Landlocked Manipur,with almost 90% of the area under difficult terrain, has only road transport as a means of mass transport system. The project will be developed with Asian Development Bank (ADB)s loan assistance under the under the South Asian Sub-Regional Economic Cooperation (SASEC) Road Connectivity Investment Program which aims at improving road connectivity in Bangladesh, Bhutan, Nepal and India (BBIN) For Indian Polity Crash course, Visit my Unacademy profile- www.unacademy.com/user/studiousjatin
Silchar(assam))- to- Moreh(Mainpur)- to- Myanmar- to- Thailand Pradesh Rathmandu Sikki Bhutan Tm aland tna o Bihar eghalaya Manpur harkhand Bangladesh West Bengal Myanmar (Burma) ipur3 isha Bhubaneswar Mizor a m Laos Yat hailand Ban Bay of Bengal Cambodia
Page 10: India must move back: China . India's former NSA Shivshankar Menon had said, "The Sikkim tri-junction is basically the watershed between the Amo (also called the Torsa river) and the Teesta rivers in the Chumbi Valley, so it is clear,and parts of it have been settled. Since 1960, when this was discussed, both sides have constantly said that this boundary is not such a problem. But the tri-junction remained to be settled, and that is a part of the issue," . Responding to remarks by Shivshankar Menon, Chinese Foreign Ministry spokesperson Geng Shuang said the current face- off was different from the past. China signalled its intent to end the stand-off between Indian and Chinese troops in the Doklam area at an early date, if Indian forces withdraw to what it called the "Indian side of the boundary Kashmir issue Significantly, he also high- lighted the Kashmir dispute outside its bilateral context, by pointing out that it had attracted the attention of the "international community". Besides, Mr. Geng flagged the exchange of fire across the Line of Control (LoC) as a factor undermining"regional stability".
Page 10: No liquor ban for Arunachal,Andaman [GS Mains Paper-2: P&G] dArunachal Pradesh and club of Sikkim and Meghalaya, both of which enjoy full exemption from the court's ban on sale of liquor within 500 metres of National and State Highways. On March 3l, the north-eastern States of Sikkim and Meghalaya got a full exemption from the 500-metre no- liquor zone ban after the court took into consideration:- the 500-metre no- liquor zone ban after the court took into consideration- -their hilly terrain and -the fact that 82% of its area was forest land and -over 90% of its liquor shops would be closed if the ban was imposed strictly in its original form. Arunachal Pradesh argued that it had lost 50% of its revenue following the ban, earmarking 500 metres alongside highways as liquor-free zones,The State said 80% of its roads are national highways.
PAGE 7of the Hindu Dated 2l March 2017: Poll panel had supported life time ban Norm at present Term of imprisonment plus 6 years. orm at present: Term of imprisonment plus 6 years. The ECI proposal for electoral reforms includes - Decriminalisation of politics. Making bribery a cognisable offence and Prohibition on Advertisements 48 hours before elections - Ban on paid news Maximum age criteria and minimum educational qualification needs amendments to the Constitution
International: China will downsize its 2.3 million-strong People's Liberation Army to under one million as the world's largest military effected its biggest troop reduction in history to bolster its navy and strategic missile forces, the official media reported. The massive troop reduction is part of the restructuring of the PLA and evenly proportion the army and other services. . The reform is based on China's strategic goals and security requirements. . In the past, the PLA focused on ground battle and homeland defence, which will un- dergo fundamental changes,
. Retail level: Matters more to consumer] [Wholesale level: Matters more to business TATA TEA EXTRA FREE AGNI
Cabinet Nod for Bangladesh int Interpretative Notes agreement. [G.S. Mains Paper-2: Bilateral Relations] . In a bid to boost bilateral investments between India and Bangladesh, the Cabinet gave its approval for the Joint Interpretative Notes (JIN) on the Agreement between both the nations for the Promotion and Protection of Investments. The JIN would impart clarity to the interpretation of the existing agreement between India and Bangladesh for the Promotion and Protection of Investments. . The JIN includes interpretative notes to be jointly adopted for many clauses, including: -the definition of inve -definition of investment, exclusion of taxation measures -Fair and Equitable Treatment, -National Treatment and -Most Favoured Nation treatment -Settlement of Disputes between an Investor-and a Contracting Party. stor,
. Joint Interpretative Statements, in general, play an important supplementary role in strengthening the investment treaty regime. Background: PM's 25th April Visit: Concerns of Sri Lankan Businessmen: The actual working experience of the FTA for the past 17 years. The actual working sperience of the FTA for the past 17 years. . A variety of Non Traiff Barriers have been resorted to, that make it difficult for Sri Lankans import licenses, restrictions on ports, times of the year they are allowed to use the ports, certification and quarantine times to transact with India.
Other Courses by me: Mediumm Timings 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 & 6. Indian Polity Crash Course 7. Most Important Current Affairs. [Hindi & English] 9.00 am [Hindi & English] 9.00 am [Hindi & English] 5.00 pm [Hindi & English]7.30 pm English] Ist Sunday [Hindi for now] [Hindi & English]. Periodic Periodic SndpMeely Er ecap of o lmoertane e 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 For Indian Polity Crash course, Visit my Unacademy profile- www.unacademy.com/user/studiousjatin