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14th September 2017 Part-1:Daily News Analysis
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Shell Companies; GM Mustard

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.

U
Unacademy user
I appreciate it ma'am !!!! Thanks a Bunch Ma'am.. easy and lucid manner expalations
Dr Swasti Sinha
7 months ago
Thank You Koashik..I am glad you liked the course😊
Sir plz don't discontinue this series as u have mentioned in an earlier video. Your lessons are very helpful and I rely totally on your videos for current affairs (as I am working). Also you explain the topics so very well that now I am able to answer almost all the daily MCQs which I was not able to do last year.
Jatin Verma
2 years ago
July 2018 tak this course will continue
Doli saini
2 years ago
thank you
Sushama Sarang
2 years ago
thank u so much sir
Gaurav Upadhyay
2 years ago
thank u jatin sir.
Jaya Rathore
2 years ago
thanks a lot sir
Neeti Agrawal
2 years ago
Thanks a lot sir ☺????
Mohit Gupta
2 years ago
thankyou sir
Mohit mathur
2 years ago
life saver sir
Parshve Saxena
2 years ago
Thank you very much :)
Akash Deep Jain
2 years ago
Good fir to no reviews, no comments and no sharing till july 2018 ???????????? Just Kidding ????
Doli saini
2 years ago
oh on a lighter note
Doli saini
2 years ago
Rbi kon se type k bodies m ata h
Doli saini
2 years ago
Rbi kon se type k bodies m ata h
Akash Deep Jain
2 years ago
Based on the Banking Companies Act of 1949 (later called the Banking Regulation Act), a central bank regulation as part of the RBI
Doli saini
2 years ago
legal body h ya regulatory body h
Doli saini
2 years ago
statutory or legal bodies m kya difference h
Akash Deep Jain
2 years ago
RBI is regulatory body for banking sector. Other examples are TRAI, PCI, CCI etc
S
PAVA also called Nonivamide, an organic compound** found in natural chili pepper**. PAVA primarily affects the eyes causing closure and severe pain. It has been recommended by the T.V.S.N. Prasad Committee for replacing Pellet guns.*
marzi ltd to farzi ltd...;-)) awesome explanation !!
thankyou sir ji....plz btao ap kbb tk daily news continue rakhoge.......plz sir bnd mat krna ap bhut acha krwate o...:)
Jatin Verma
2 years ago
JUly 2018 takk...Khushhh
Ritika Bansal
2 years ago
haaaye......thnkyou sir...apne reply kiya muje...:)
sir, excise duty to sale of goods produced within the country lagta hai na??? but do we import crude oil from abroad?? if yes, then customs lagna chahiye na sir , confused ????
PT
Prashant Tyagi
2 years ago
rightly said Sahu
Jatin Verma
2 years ago
We import crude but we process it in our own country.
Fateh Meena
2 years ago
Bro we have to refine it by our oil companies. Which import only crude oil...even india exports processed oil/product to other countries....india also imports gas also in LNG form.
  1. DAILY NEWS ANALYSIS from THE HINDU 14th September 2017 By Jatin Verma Educator Unacademy


  2. News Articles I. Petrol, diesel should come under GST 2. Shinzo Abe promises peace in Indo-Pacific region 3. Ban pellet guns in Kashmir: Amnesty 4. Bank got commission out of money laundering unwittingly? 5. India has 'narrow' pool of mustard varieties, say agricultural scientists 6. We're not terrorists, say Rohingya. 7. Page-10: Income limit raised for creamy layer. 8. Govt. puts 1,200 NGOs on notice. 9. Plea against NOTA not valid: EC 10. India-Japan: Over 8 km, Japan and India come closer. I I. A push for cooperation in S&T and medical research. 12. Indo-Russian war games in Oct 13. Suu Kyi not to attend key UN meet. 14. Russia comes forward to rebuild Aleppo 15. International News: Judges uphold Trump's refugee ban. 16. BPCL eyes GAIL, Oil India for merger.[Maharatna Status] 17. TRAI chief calls for zero cost for digital transactions


  3. Page-l: Petrol, diesel should come under GST, says MoPNG. Oil Minister ruled out any government intervention to disrupt the daily revision in petrol and diesel prices despite the 27,3 per litre spike since July, saying the reform will continue. Saying that many States had drastically increased value-added tax, he suggested that it is high time that the GST Council considered bringing the petroleum products in the ambit of GST Balancing Developmental needs with Consumer aspirations: Governance Deficit should be turned into Governance Surplus: He remained non-committal on cutting taxes to soften the blow of the relentless rise in prices since the government need to finance huge infrastructure and social projects has to be balanced r needs. India relies on imports to meet 80% of its needs and so domestic fuel rates have been aligned to he movement of equivalent product prices in the int Previously, the rates were changed every fortnight but since June 16, they are being revised daily. Reason behind the rise in prices: Because of hurricanes, 13% of US. refinery capacity was shut down. ernational market since April 2002.


  4. The government had between November 2014 and January 2016 raised excise duty on petrol and s to take away gains arising from plummeting international oil prices. In all, duty on petrol was hiked by Rs 11.77 per litre and that on diesel by 13.47 a litre. The duty hike resulted in government's excise mop-up more than doubling to Rs 242,000 crore in 2016-17 from Rs 99,000 crore in 2014-15.[ Data Source Tol] . Products like kerosene, naphtha and LPG are under the ambit of GST, while five items in the basketcrude oil, natural gas, aviation fuel, diesel and petrol Item heads not covered under GST l. Petroleum Products 2.Alcohol for human consumption 3. Electricity.


  5. Page-l: Shinzo Abe promises peace in Indo-Pacific region. Highlighting common 'strategic interests,' Japanese Prime Minister Shinzo Abe said India-Japan ties will shape the Asia-Pacific region. India-Japan annual summit: Mr Abe will hold talks with Prime Minister Narendra Modi during the India-Japan annual summit, when both sides will firm up military and strategic ties. Universal values: Both India and Japan place importance on the universal values and strategic interests that we commonly share. Both countries are major Asian democracies and global powers The visit of Mr.Abe is significant in view of two recent developments: [i] Doklam issue: standoff between India and China at the Doklam plateau of Bhutan; [ii] Dual threat:Japan would seek ballistic and cruise missiles to deal with the dual threat of 'expansionist' China and a nuclear armed North Korea.


  6. Page-6: Ban pellet guns in Kashmir: Amnesty Amnesty International India asked the government to prohibit firing pellet shotguns immediately in the Kashmir Valley. human rights organisation highlighted the cases of 88 people "whose eyesight was damaged by Central Reserve Police Force [CRPF] between 2014 and 2017. . Releasing its report, 'Losing Sight in Kashmir: The Impact of Pellet-Firing Shotguns' in Srinagar, the The report comes just two days after Union Home Minister Rajnath Singh admitted in Srinagar ic Acid Vanillyl Amide (PAVA) gunsi failed to yield desired results".


  7. Page-7: Bank got commission out of money laundering unwittingly! India. Marzi Ltd. Hong Kong Farzi Ltd. $99000 Marzi Co. [No Real Work] -Hong Kong Taiwan UAE pumab national bank


  8. Page-7: India has 'narrow' pool of mustard varieties, say agricultural scientists Background: In June, a 230-member quorum of the NAAS had passed a resolution unanimously supporting the commercial release of Dhara Mustard Hybrid II (DMH-1 1),a transgenic food crop that had been cleared by the Genetic Engineering Appraisal Committee (GEAC) for commercial release. Then, a valid point was made that when India has 9000 mustard seed varities, what is the need to bring Genetically modified varities of mustard: It was among the key arguments made in the Supreme Court, as part of a petition by activist Aruna Rodrigues Earlier a Supreme Court-appointed Technical Advisory Committee had also recommended a stay on GM mustard citing the breadth of India's genetic diversity in mustard and that introducing it would lead to "irreversible" contamination. But Now, A report by the National Academy of Agricultural Sciences (NAAS), a 600- member body of agricultural scientists, says- Contrary to GM basher's propaganda - that very high diversity is available in Indian mustard scientific analysis has shown that the Indian gene pool of mustard is very narrow. As a consequence, in spite of extensive efforts by our plant breeders - there is very little impact of pure-line breeding on mustard yields in recent years.


  9. What NAAS says: Panjab Singh, president, NAAS saicd: [i]The base is narrow and that's why we need hybrid technology for developing better mustard varieties. [ii] Though there were wild-related species, these were largely untenable for commercially extracting oil [iij Unlike in wheat, for instance, where the male and female can be crossed to make a wide genetic range of hybrid seeds, mustard is a self-pollinating plant that isn't amenable to such crossings. DMH-11 uses a combination of genes from a soil bacterium that makes mustard amenable to hybridisation.The NAAS also refuted claims that non-GM varieties of rapeseed (a sister species of mustard and an oilseed) in Europe out-yielded GM varieties grown in Canada. A coalition of NAAS scientists are not happy with NAAS favouring GM Mustard as they say that Indigenous diversity is being ignored by NAAS, while giving approval to GM Mustarod.


  10. Page-10:We're not terrorists, say Rohingya. Nearly 7,000 Rohingya living in 23 settlements across Jammu have moved the Supreme Court, saying there is not a single terrorist among them and they deserve to be treated with dignity by the government. . Page-10: Income limit raised for creamy layer. . It has now been decided to raise the income limit from 6 lakh to 8 lakh per annum for . In 1993, the limit was kept at lakh. It was raised thrice-to 2.5 lakh in 2004, 4.5 lakh in The creamy layer, ceiling for OBC reservation has been raised to 8 lakh per year. determining the creamy layer among the Other Backward Classes. 2008 and 6 lakh in 2013. These measures are part of the government's efforts to ensure greater social justice and inclusion for members of the Other Backward Classes. Prelims Question:Which DPSP deals with eliminating Economic Backwardness? Mains Question: In the light of shift towards Privatisation, Would you suggest Reservation in Private Sector jobs. Highlight Pros & Cons of such a policy.


  11. Economic Backwardness OR Backwardness in Public Employment. Article16. Equality of opportunity in matters of public employment (I) There shall be equality of opportunity for all citizens in matters relating to employment or appointment to any office under the State (2) No citizen shall, on grounds only of religion, race, caste, sex, descent, place of birth, residence or any of them, be ineligible for, or discriminated against in respect or, any employment or office under the State (3) Nothing in this article shall prevent Parliament from making any law prescribing, in regard to a class or classes of employment or appointment to an office under the Government of, or any local or other authority within, a State or Union territory, any requirement as to residence within that State or Union territory prior to such employment or appointment. (4) Nothing in this article shall prevent the State from making any provision for the reservation of appointments or posts in favor of any backward class of citizens which, in the opinion of the State, is not adequately represented in the services under the State


  12. Page-11: Govt. puts 1,200 NGOs on notice. The Home Ministry has sent notices to over I,200 NGOs, asking them to validate the designated bank accounts in which they receive foreign contribution, failure of which will invite punitive action. Ministry said all NGOs registered under the Foreign Contribution Regulation Act (FCRA) should receive foreign donations in a single designated bank account. However, it is seen that a number of such organisations have not validated their foreigr contribution designated accounts, causing problems for the banks to comply with the FCRA provisions that banks report to the Central government within 48 hours of such receiptor utilisation of foreign contribution. FCRA is implemented by MHA NGOs receiving Foreign funding come under MHA Overall, NGOs are regulated by NITI Aayog. Council for Advancement of People's Action and Rural Technology (CAPART), a body under MoRD also regulates the activities of Domestic NGOs S.C. directed Centre to come up with a comprehensive law on NGOs under Entry 97


  13. Page-10: Plea against NOTA not valid: EC Background: The Supreme court had on August 3 agreed to examine the constitutional validity of the NOTA provision in the Rajya Sabha polls saying the issue needed to be debated Now, The Election Commission has told the Supreme Court that a plea by a Gujarat political leader challenging the use of None of the Above (NOTA) option in the Raiya Sabha polls in the State is not maintainable. easons given by ECl: [] NOTA option was a part of every Rajya Sabha elections held since 2014; [i] The provisions of NOTA in the ballot papers for the elections to the council of states has been made by the EC to effectuate this right of electors guaranteed to them under the said section 79(A) of the Representation of the People Act, 1951. [ii] It referred to the constitutional provisions and said that any election to the Rajya Sabha can only be called into question by way of an election petition only.


  14. Page-1 l:A push for cooperation in S&T and medical research, In the light of Japan's Prime Minister Shinzo Abe's visit to India, the two countries have signed a host of agreements to further cooperation in science and technology [i] Regenerative medicine: Research into stem-cells for making bone-marrow transplants more accessible. The Department of Biotechnology (DBT) already has an India-Japan cooperative Programme that has Christian Medical College & Hospital, Vellore, and Kyoto University, Japan, as participants. Though the DBT and Japan's National Institute of Advanced Industrial Science and Technology (AIST) have been collaborating in these areas, they renewed the agreement for five more years The aim of the Programme is to develop infrastructure and expertise for India to be a competitive force in regenerative medicine and induced pluripotent stem cell biology. The focus of the collaboration is on developing treatments for sickle-cell anaemia, Beta thalassemia and brain disorders, and creating a haplobank relevant to Indian populations.


  15. The Navy is fielding two ships, a stealth frigate, INS Satpura, and an anti-submarine warfare (ASW) corvette, INS Kadmatt, along with two on-board helicopters. The naval component is likely to include an ASW component, the details of which are awaited. The Air Force, which flies a large number of Russian aircraft, is likely to share fighter jets of the host. Details of contingent and other support elements would be decided in the planning conference -Finding synergy: India's efforts for tri-service integration This will be an opportunity for India to synergise jointness between its services and see how other countries function jointly. UPSC Prelims Question 2016: Question. Which one of the following is the best description of 'INS Astradharini', that was in the news recently? (a) Amphibious warfare ship. (b) Nuclear-powered submarine Answer:? (c) Torpedo launch and recovery vessel (d) Nuclear-powered aircraft carrier


  16. INS Satpura and INS Kadmatt are both indigenously built warships. INS Satpura, synonymous with the formidable mountain range in Central India, is a multi- role stealth frigate. INS Kadmatt, named after an island in the beautiful Lakshadweep chain, is an Anti-Submarine Corvette.


  17. Page 12World News: Suu Kyi not to attend key UN meet. Myanmar's national leader Aung San Suu Kyi, facing outrage over violence that has forced about 400,000 Rohingya Muslims to flee to Bangladesh, cancelled a trip to the upcoming UN General Assembly because of the crisis. Critics have called for her to be stripped of her Nobel peace prize for failing to do more to halt the strife which the UN rights agency said was a "textbook example of ethnic cleansing Refugee exodus declines: Aid agencies will have to step up operations "massively" in response to the refugee flow to Bangladesh. The $77 million the United Nations had appealed for last week would not be enough. Bangladesh officials say the number of people crossing into his area had fallen sharply, apparently because everyone had left the districts worst hit by violence . U.S. position: The Donald Trump administration has called for protection of civilians, and Bangladesh says all the refugees will have to go home and has called for safe zones in Myanmar China's stance: China, which competes with the United States for influence in Asia backed Myanmar's efforts to safeguard "development and stability".


  18. South Asia. SOLUTHEAST ASIA CHIN A Kachin Phitippine Sea Chin Shan south China PHIL P Mandalay Magwo. Rakhaing Bago Ya Kayin Ayeyanwady N D O N ndian Ocean Tanintharyi Scale AUSTRALIA


  19. World News: Russia comes forward to rebuild Aleppo After helping Assad capture the city, Moscow is o ering help on infrastructure and law and order Syria's second city was battered by four years of fighting between rebels in the east and government forces in the west, until an evacuation deal at the end of 2016 brought it under regime control. . In September 2015, Moscow began carrying out air strikes that have allowed Syrian troops to retake swathes of territory including Aleppo. Now that it is back under government control, Russia appears keen to help rebuild it. Syria signed a memorandum of understanding with Tehran for the provision of five gas units to help generate electricity and restore power to Aleppo


  20. Page-12 International News: Judges uphold Trump's refugee ban. The Supreme Court allowed the Trump administration to maintain its restrictive policy on refugees. . The justices agreed to an administration request to block a lower court ruling that would have eased the refugee ban and allowed up to 24,000 refugees to enter the country before the end of October.


  21. Maharatna status: Under government rules, a firm is eligible for Maharatna status if: ilit is already a listed Navratna firm, [ilhas an average turnover of Rs 25000Cr, net worth Rs. I 5000C r. and annual net profit after tax of at least Rs 5,000 crore in the last three years Moreover, the company should have significant global operations.


  22. Business page 13: RBl is not comfortable with bitcoins, says Sen. . The Reserve Bank is uncomfortable with "non-fiat" cryptocurrencies like Bitcoin . As regards non-fiat cryptocurrencies, l think we are not comfortable," Mr. Sen said cryptocurrencies like Bitcoirn. addressing the India Fintech Day conference here. The fiat cryptocurrency was a digital currency which would be issued by the Reserve Bank of India (RBI) in place of the physical one at present, he said, adding that the central bank was studying this aspect at present. "Right now, we have a group of people who are looking at fiat cryptocurrencies. Something that is an alternative to the Indian rupee, so to speak. The RBl has been repeatedly cautioning everyone about the usage of cryptocurrencies, flagging a slew of concerns. It had stated that Bitoins posed potential risks.


  23. Page-1+10: Bitcoin trade may come under SEBI. 13 JULY DNA TG.S. Paper-3: Money Laundering- Linkages] The government is considering the introduction of a regulatory regime for virtual or crypto 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 S.


  24. . 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. 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


  25. UPSC Previous years Questions(CDS/CAPF/IAS) on topics discussed today: Ql.Which of the following is a function of stem cells? a) To fight against infections b) To produce all the cell types in the body c) It is a specialized cell d) To make copies of itself Q2. Which part of body can stem cells be obtained from? a) Embryo or tissues in body b) Tissues in body c) Heart d) Brain


  26. Q.Which of the following cells can be created from embryonic stem cells? a) Brain cells b) Heart cells c) Skin cells d) All types of specialised cells