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13th June 2017: Daily News Analysis (in Hindi)
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Index of Industrial Production - Explained; Insolvency and Bankruptcy Code explained

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.

Unacademy user
very helpful thanks to u
State list...,Entry 14:Agriculture, including agricultural education and research; protection against pests and prevention of plant diseases. thank you sir...
very well explained..better than dipanshu.we want u to continue analysis after june..
Arvind Kumar
3 years ago
sir I am following but it will be better after your prelims..I need a particular time..bcz all day I received your notification..
entry 14 of state list entry -18 agri land improvement nd agri loans of state list
State list entry 14 : Agriculture, including agricultural education and research.
  1. DAILY THE HINDU NEWS ANALYSIS JUNE 13, 2017 By Jatin Verma, Educator, Unacademy. unacademy

  2. Page 1: Loan waivers are on you, Finance Minister tells States. On Farm Loan waiver: The situation where the Centre will help one State and not the are on you, Finance Minister ells others will not arise. On bad loans: Reserve Bank of India is at an advanced stage of preparing a list of debtors whose cases will be considered for speedy resolution through the Insolvency and Bankruptcy Code (IBC) process. .T There are five stages after the company files a Bankruptcy petition: One, when a loan default occurs, and either the borrower or the lender approaches the NCLT or DRT for initiating the resolution process. Two, the creditors appoint an interim Insolvency Professional (IP) to take control of the debtor's assets and company's operations, collect financial information of the debtor from information utilities, and constitute the creditors' committee Three, the committee has to then take decisions regarding insolvency resolution by a 75% majority. insolvency resolution bya 75%

  3. Four, once a resolution is passed, the committee has to decide on the restructuring process that could either be a revised repayment plan for the company, or liquidation of the assets of the company.If no decision is made during the resolution process, the debtor's assets will be liquidated to repay the debt. Five, the resolution plan will be sent to the tribunal for final approval, and implemented once approved. . It proposes creating new institutions: Insolvency Professionals, who will conduct the insolvency resolution process, take over the management of a company, assist creditors in the collection of relevant information, and manage the liquidation process, * Insolvency Professional Agencies, who will examine and certify these professionals, Information Utilities, which will collect, collate and disseminate financial information related to debtors, and Insolvency and Bankruptcy Board of India, a regulator that will oversee these new entities.

  4. Page 7: Panel to study free movement along Myanmar border [Internal Security] The Union Home Ministry has constituted another committee to examine methods to curb the misuse of free movement along the Myanmar border, indicating a significant shift in India's policy towards Myanmar. A Committee headed by Rina Mitra, Special Secretary-Internal Security, was being constituted to examine the present rules and regulations adopted by the border States for implementation of free movement regime In 2015, a High-Level committee report submitted by Joint Intelligence Committee R.N. Ravi the government to replicate the model prevalent in villages and areas along the Bangladesh border The report has suggested dedicated crossing points in border villages, where policemen would be made in charge of regulating the movement of people. o India and Myanmar share an unfenced border of 1,643 km. . Inda and Myanmar share an unfenced border of 1643 km.

  5. Page 11: Mallya extradition case hearing at U.K. court today While no one had been extradited to India in the first 23 years of the India-U.K. Extradition Treaty of 1993, Britain last year extradited Samirbhai Vinubhai Patel, who was wanted by India in relation to the 2002 Gujarat riots, leading to hopes for the success of future extra- dition requests . The India-U.K. Extradition Treaty allows for a number of circumstances for a person not to be extradited . These include when the court is satisfied that a case was being pursued on the grounds of race, religion, nationality or public opinion, or the accusations were Vijay Mallya . not made on good faith in the interests of justice, or were "trivial in nature."

  6. Business Page: CPI inflation slows to lowest since 2012 Retail inflation in May, at 2.18%, eased to its lowest level since the Centre began measuring it on a nationwide basis in 2012, driven in large part by cooling food prices. In the RBI's newly adopted flexible inflation-targeting (FIT) framework, the headline CPl inflation measure is being used as the target rate of inflation as it reflects the prices of essential consumption goods. newly adopted flexible infati

  7. . Difference between Headline Consumer Price Inflation and Core Inflation: The headline inflation measure demonstrates overall inflation in the economy. Conversely, the core inflation measure strips the prices of highly volatile food and fuel components to distinguish the inflation signal from transitory noise The inflation process in India is dominated to a great extent by supply shocks The supply shocks (e.g., rainfall, oil price shocks, etc.) are transitory in nature and hence produce only temporary movements in relative prices. . The headline CPl inflation in India tends to increase whenever there is a surge in food and fuel prices.

  8. Index of Industrial Production expands 3.1% in April, output slows from 3.75% pace in March . Pharma sector: Growth in the Index of Industrial Production (IIP) was spurred by the manufacturing sector within which the tobacco and the pharmaceuticals sectors grew the fastest. . 2012 recommendations of the Saumitra Chaudhury committee: One, the new IIP measures output for the basket of goods produced in base year 2011-12 instead of 2004-05. It has been updated by sweeping 149 new items into manufacturing, while pushing out 124 obsolete ones. This should have the effect of bolstering lIP growth g lP growth. .Two, the index is now more broadbased, includes renewable energy, and introduces a new sub- group infrastructure and construction. This will significantly trim the weight of consumer products in the lIP and add to the weight of industrial goods. The decision to count work-in-progress in capital goods will hopefully smooth out the wild swings in this sub-index.

  9. 11P Weights: Mining- 14.373% Manufacturing-77.633% [increased by two percent] Electricity-799406. Eight Core Industries: Electricity, Steel, Refinery Products, Natural Gas, Cement, Fertilizers, Oil and coal

  10. Question. In india,in the overai Index of Industrial Production, the Indices of UPSC Previous Years Questions: Question. In India, in the overall Index of Industrial Production, the Indices of Eight Core Industries have a combined weight of 37-90%.which of the are among those Eight Core Industries? following (2012) I. Cement. 2. Fertilizers 4. Refinery products 5 Textiles 3. Natural gas Select the correct answer using the codes given below: (a) I and 5 only. (c) 1,2,3,4 and 5 (b) 1,2, 3 and 4 only (d) 2, 3 and 4 only