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(1/4) 29 June 2018 The Hindu + Indian Express DNA
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Sumant Kumar
B.Tech NIT Allahabad. Have written UPSC Mains 2 times with Physics. Channel "Sumant Kumar" on Youtube for Current Affairs Analysis.

Unacademy user
4 प्रांतीय न्यायलय कार्नवालिस द्वारा बनाये:- मुर्शिदाबाद, कलकत्ता, ढाका, पटना
Pavan Choudhary
a year ago
right
sir please upload the 2nd part of 29th jun
Sumant Kumar
10 months ago
सब upload kar diya
  1. unacademy 29 June 2018 The Hindu Daily News & Editorial Analysis The Hindu(Completely) Indian Express(Very Imp pieces) Delivered by : Sumant Kumar * B.Tech in Computer Science & Engg, NIT Allahabad * Have written UPSC Main Exam in 2016 and 2017 with Physics Optional


  2. Sumant Kumar Follow VERIFIED An NIT Allahabad Graduate. Computer Sci&Engg. Have written UPSC Mains 2 times with Physics. Follow me for TheHindu News/Edit+ CA Analysis 40,774 Views in last 30 days N 109,422 Lifetime Views UpVote, Rate, Review. Share 8 Courses 3.9k Followers Following PDFs, Notes, Materials? Facebook ID: AdSumant Telegram Ch: AdSumant By Sumant Kumar By Sumant Kumar (Hindi) Mock Test 1 for UPSC Prelims 2018/2019 (Hindi) April 2018: The Hindu Daily News & Editorial Analysis... unacademy:com/user AdSumant 147 ratings 38 reviews 72 tatings 21 reviews


  3. TheHindu Ed1] Sinking rupee The rupee's troubles just do not seem to end DOn Thursday, the currency weakened past 69 intraday against the U.S. dollar, an all-time low. The rupee, which has lost almost 8% in value since January 1, is the worst-performing currency in Asia this year. It is, however, not the only currency to be in the doldrums. DEmerging market currencies as a group have witnessed a sharp correction in their value against the dollar this year. DThe MSCI Emerging Markets currency index, for instance, is down about 6% since the beginning of April


  4. The rise in international crude oil prices is one of the reasons behind the rupee's decline as importers have had to shell out more dollars to fund their purchases. India's current account deficit, which jumped to 1.9% of GDP in the fourth quarter of 2017-18 from just 0.6% a year earlier, is now expected to widen to 2.5% in FY 2019. OThis could spell even more trouble for the rupee as the demand for dollars could OThe dollar index, which gauges the value of the dollar against a host of major OThe rise in global trade tensions amidst the ongoing trade war could be another turn out to be overwhelmin global currencies, is up about 7.5% since February factor behind the rout in emerging market currencies, but its impact on the rupee remains unclear as of now. But by far the most important reason behind the fall in the rupee and other emerging market currencies is the tightening of U.S. monetary policy.


  5. nvestors attracted by higher yields in the United States have been pulling their capital out of India at an increasing pace over the last few months. Foreign portfolio investors, in fact, took out 29,714 crore in May, almost a doubling of outflow compared to 15,561 crore in April. OMost of the foreign fund outflow this year has come out of the bond market, which explains the steep fall in Indian bond prices. ONone of this turbulence in emerging markets, however, is surprising OThe tightening of monetary policy by the U.S. Federal Reserve has traditionally caused the turning of the global credit cycle, which eventually leads to various crises around the world. It is hard to determine if the worst is over yet for emerging market currencies. But the fact that the American central bank expects to raise interest rates further this year suggests that more pain could be in store. The government, as well as the Reserve Bank of India, which recently raised domestic interest rates in response to rising external economic risks, may need to think out of the box to avoid a crisis similar to the taper tantrum of 2013.


  6. Trends in global currency The rupee on Thursday fell to a historic low of 69.1 against the U.S. dollar. The currencies of several emerging economies ha been on the decline against thelr in the past year, with Pakistan and Brazil registering the biggest annual decline Pakistan Brazil Mexico Indonesia Philippines India Russia South Africa Hungary 9 15.88 13.72 11.05 6.34The chart 6.29 shows the % change in currency value from June -6.04 5.54 2017 to 2018 Qatar and UAE registered 0.55 no change. 0.27 Malaysia and Poland Qatar Czech Republic registered the highest increase South Korea Thailand China Chile Colombia Czech Republic Malaysia 1.87 +2.86 +3.0 +3.3 SOURCE: IMF, WORLD +4.14 +6.28


  7. [IE Ed1] An over-regulator JThe UGC, a body of academics and experts, was envisioned as a "buffer'" between the government and higher education institutions. lt wouldn't be an overstatement to say that India's higher education sector is in desperate need of reform. DA number of indicators, including the consistently poor performance of Indian universities at the World University Rankings, testify to the fact that the country's higher education regulator, the University Grants Commission (UGC), has not lived up to its mandate of "maintaining standards of teaching, examination and research in universities"


  8. A new draft law, the Higher Education Commission of India Bill, that proposes to revamp the governance of higher education in India, could, then, signal better days for the country's universities. But the draft that was put up for public comments on Wednesday could, instead, aggravate the failings of the UGC, particularly its propensity to over-regulate. OThe Bill proposes to replace the UGC Act, 1956, and rechristen the UGC as the Higher Education Commission of India (HECI) The regulator, in its new avatar, will focus on setting, maintaining and improving academic standards in universities O The Union Ministry of Human Resource Development will take over the grant-giving functions The separation between the regulator and the funder is in tune with the first principles of regulatory governance. OThe professed goal of the draft law, "autonomy for universities," is also welcome. However, making the HRD ministry the fund dispersal agency strikes against this objective, It is true that academic institutions in the country have never been completely free from government interference. But with the HRD ministry controlling university funding directly, the dangers of political interference in the running of these institutions increase manifold. The provision goes against the credo of universities as self-regulating spaces where decisions are shaped by intellectual debates-not funding or political pressures


  9. The UGC, a body of academics and experts, was envisioned as a "buffer" between the government and higher education institutions However, interference by successive governments stood in the way of the agency fulfilling this objective. At the same time, the regulator remained a spectator to the falling standards of university education OThe proposed new regulator, the HECI, intends to bridge this lacuna However, its mandate of "improving academic standards with a specific focus on learning outcomes, evaluation of academic performance by institutions and training of teachers," is bound to raise fears about the regulator micro-managing universities DAnd the fact that the proposed law empowers the Centre to remove the HECI's chairman and vice-chairman for reasons that include moral turpitude"--the UGC act did not have such a provision will raise questions about the government's sincerity on giving autonomy to universities. The draft is up for public comments till July7 Enforcing this deadline might enable the government to place the Bill before the Parliament in its monsoon session. But it will be well-advised not to rush through a piece of legislation that aims to fundamentally restructure higher education.


  10. Target incomes, not prices Our farm policy is so bad, the proverb 'you reap what you sow' isn't true any longer. Good rains, excessive sowing and the bumper harvest last year produced gluts in the ONone of the economic tools available for protecting farm incomes the price A bumper crop is no different from a drought, for it too depresses farm incomes. market that sent the prices of many crops, and therefore farm incomes, crashing support scheme, the price stabilisation fund and the market intervention scheme - was employed to the best advantage. OQuick and precise adjustments to the export and import rules could have arrested the price fall by diverting the excess supplies to overseas markets. But the changes required were not carried out in time, Instead, inflows of imports were allowed to go on, which worsened the price situation.


  11. For several crops last year, the quantities procured were small portions of the total produce Although MSPs are announced for more than 20 crops, noteworthy procurement is conducted for three: paddy. wheat and sugarcane (procurement by sugar mills, not the government, givern cane must be crushed within a few hours of being cut, or it dries, impacting sugar recovery drastically) OFurther, procurement frequently takes places at prices below the MSP, as is happening this year, according to reports Finally, small and vulnerable farmers usually do not get paid MSPs at all, as they sell their produce to aggregators, not directly in mandis In these circumstances, and given an imminent general election, the government is likely to take recourse to payments compensating for the difference between market prices and the MSP to appear farmer-friendly. In principle, it is only right and fair that the government pay reparations to farmers OThe gluts, depressed market prices and mounting farmer losses are a direct consequence of the malfunction in agri-pricing policies. But price differential payments, no matter what mechanism is used for calculating and distributing them, would be yet another example of economic policies that get drafted purely on political appeal, without full grasp of the underlying economic principle, and backfire badly.


  12. The Telangana example: Telangana has announced such payments for farmers at the rate of 310,000/ha K4,000/acre) per season OThe cost projections for scaling up this model to the national level, excluding the procurement of sugarcane, wheat and paddy, and non-MSP crops, are roughly as much as the estimated bill for the price differential payments. For total gross cropped area of 1,978 lakh ha, income support payments would add up to 197 lakh crore, which is equal to about a fifth of the total gross non-performing assets of the banking system in March this year. At 5,000/ha, the tab for income support would be about 98,500 crore O The impression was that the farmers' long march to Mumbai a few months back forced urban India to reassess its position on the severity of the agrarian distress. But advantaged Indians have begun questioning the logic of fiscal support for farmers on the grounds that it is unfair to make the majority pay to keep afloat a high-cost, low productivity, income-tax exempt sector that contributes just 17-18% of the country's GDP. They forget that the agriculture sector engages more than 50% of the total workforce, and that agri-prices, and therefore farm incomes, are not free-market driven They are kept artificially low, through use of pricing policy instruments, so that inflation does not erode the rest of the population's purchasing power O The current farm crisis is purely because of policy failure. Fiscal space must be found for providing income support this year to the most vulnerable farmers at least. Over the longer term, there is no alternative to deep reforms.